Noida Witnesses Huge Infrastructural Growth Due To Economic Reforms

Buy sell Property & Real Estate Investment Guide

Buying Property Tips#1: Choose the Right Location
Before you choose a location, it is of utmost importance that you consider the development prospect of the area. Other factors to consider here is crime record of the area, availability and nearness of public facilities and utilities.
Buying Property Tips#2: Study the Local Market Dynamics
It is important to get well familiar with the local realty market. Learn the variation in property prices by street. Don’t shy away from asking a few realty investment agents questions to get better insight on the matter.

Noida has become a great spot for both Indian and international companies. Since the inception of NCR or the national capital region, Noida, along with Gurgaon, has come up as the adjoining and sister cities of the Indian capital, Delhi.

Since Dr Manmohan Singh opened up Indian economy as the honourable finance minister of India, in 1991. India has seen unprecedented economic growth. With a GDP (gross domestic product) of 1 trillion dollars, India is now the 8th largest economy in the world. Attracted to this great economy, international companies have flocked in. The local companies flourished as well. The growth has benefited the Indian people as well as we now enjoy better life.

To accommodate these companies, new properties have developed rapidly in Noida, Gurgaon and even the adjacent Faridabad. Noida, one of the planned cities in India, has seen the highest growth, however. This also means that finding a place for office in Noida is both difficult and expensive as this city is already very crowded. To counter this, developers are coming up with new project. However, as many companies can't afford to buy big and expensive offices, the developers also need to keep the prices down.

Buying Property Tips#3: Choose the Right Property
Getting the right property right away is quite unlikely. First, you need to be clear on why you want to buy an investment property. After that, you will be able to make right decision based on factors like remoteness or accessibility of the property.
Buying Property Tips#4: Do the Math Properly
Get a precise idea on the value of assets you have available. If you are investing in rental property, make sure you can easily cover the mortgage payment through rents. Additionally, get a clear idea on the appraisal value of the property beforehand.
Buying Property Tips#5: Consider Additional Expenses
When purchasing an investment property, it is not only the selling price that investors need to consider. There are various additional expenses such as property tax, home owner’s insurance, repair & maintenance that must be considered.

There is another facet of this story. Reaching the far corners of Noida from Delhi is difficult for employees of these companies. For example, an employee who works in Noida sector 62 and lives in south Delhi might need to travel for 2 hours to reach work. So, obviously, these employees are looking to find a place in Noida to live as well. Thus, whoever developer is developing newer properties must also provide domestic space along with commercial properties.

Developers are available of this as well and they are developing mixed properties nowadays to counter this problem. For example, Emporis Tower, one of the newest properties in Noida, is providing space for both commercial and residential purposes. The location is brilliant as it is well connected with all the corners of Noida via bus and metro rail. The developers have kept the price affordable as well. Moreover, they are helping customers to secure a bank loan which means you can repay in instalments.

This is not the only property which we can look at. A simple online search can reveal so many different properties to choose from. Look at the location, the price, the goodwill of the developer before finally choosing one for you.

Buying Property Tips#6: Inspect the Property
To ensure that you are getting everything you are paying for, a thorough inspection of the property is essential. Besides ensuring that you are not overpaying, a rigorous property inspection also gives you a good estimation on what the additional expenses might be.
Buying Property Tips#7: Pick the Right Financing Option
While interests on investment property loans are tax free, some borrowing costs aren’t immediately tax deductible. Knowing that, and structuring your financing in accordance is crucial. Don’t hesitate to ask for help from a financial advisor.
Buying Property Tips#8: Invest through Equity
One of the best ways to purchase an investment property is to leverage the equity of another property (including your primary home). This is a preferable way among regular investors, especially due to added tax deduction advantages.
Updated: March 17, 2018 — 3:33 am
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