|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.|
Realty major Piyush Group has announced the launch of its largest township project 'Piyush City' in Bhiwadi. The project has got 'residential' clearance under section 90A of Rajasthan Land Revenue Act in February 2013.Integrated Township (Piyush City) is spread over 80 bigha (approx). Spacious and airy apartments and pentahouses as well as opulent villas intersperse the landscaped greens in a pollution free environment with facilities like a spa and health centre, clubhouse with banqueting , standard swimming pool, etc. This project promises a life far from the humdrum existence that other cities in the NCR offer. Hi-tech security and power backup are some of the basic highlights around which this township is being designed. Luxury meets serenity at Bhiwadi.
With the ongoing infrastructural developments happening in and around the area and industrial giants setting up their base in Bhiwadi, the city is witnessing a tremendous increase in housing demand as so many people are migrating from all across India to set up their base in the city. Realizing and sensing the opportunity of huge housing requirement, They determined their goal to fulfill this necessity. Hence They are coming up with their largest township in Bhiwadi with world-class facilities.
Infrastructural Development in Bhiwadi
One of the main factors which have been beneficial to real estate development in Bhiwadi is proximity to NH-8. Moreover, several real estate projects are coming along the Alwar Bypass Road; this four lane mega highway with 200 feet will connect to NH-8. And the most important; the upcoming Delhi-Mumbai Industrial Corridor (DMIC) which also connects to Gurgaon will pass by Bhiwadi.
|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.|
Delhi-Mumbai Industrial Corridor (DMIC) along with a Dedicated Freight Corridor (DMC) is a mega infrastructural project of USD 90 billion with the financial and technical aid from Japan covers the lenght of 1483 kms between Mumbai and Delhi. A rapid rail transit system has also been proposed. This is likely to enhance connectivity between Delhi, Gurgaon and Bhiwadi.
The infrastructure facilities in the town are increasing with each passing day, and developers have acquired land on both sides of NH-8 where they have launched their plotted developments and group housing projects. With the promise of good employment opportunities, a better standard of living, and good connectivity at very affordable prices as compared to other regions in NCR, this place offers better facilities at affordable prices.
The important factors of Investment in Bhiwadi
Several industrial estates and clusters, industrial hubs, with top-of-the-line infrastructure would be developed along this corridor to attract more Foreign Investment Funds for the projects would come from the Indian government, Japanese loans, and investment by Japanese firms and through Japan depository receipts issued by the Indian companies.
This high-speed connectivity between Delhi and Mumbai offers immense opportunities for development of an Industrial corridor along the alignment of the connecting infrastructure. A band of 150 km (Influence region) has been chosen on both sides of the Freight corridor to be developed as the Delhi-Mumbai Industrial Corridor.DMIC passing through the Six States – U.P, NCR of Delhi, Haryana, Rajasthan, Gujarat and Maharashtra, with end terminals at Dadri in the National Capital Region of Delhi and Jawaharlal Nehru Port near Mumbai.
|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.|