How to Protect Yourself from Risky Realty Investment

Trace location:

Location is the key factor to fetch price appreciation in future. If you are planning to invest in property seek promising locations. City properties are more expensive due to its close proximity than properties in suburbs. But, in today’s date, property prices touched the sky and city properties are unaffordable for many. So, investors and buyers are ready to invest in far flung properties where the infrastructures showing promising growth.

"Several people who wish to earn good returns invest in properties near proposed infrastructure projects such as metro stations, expressways, highways and airports. Even end-users are attracted by the proximity to public infrastructure and the fact that when these infrastructure projects are completed, the prices of properties will jump manifold," according to Sachin Sandhir, Managing Director, RICS South Asia.

Besides, home buyers need to be careful while investing in properties close to proposed infrastructure. "There is no guarantee that the proposed infrastructure plan will see the light of day. Considering that several infrastructure projects are delayed or cancelled, it is wise for end-users to not let their purchase decision be swayed by such promises," added Sandhir.

Before investing in such property, Home buyers need to check on the developers whether the infrastructure is actually coming up or they are just doing false claim. According to Manish Sinha, chief executive officer, Favista.com, a web-based real estate advisory company, "All infrastructure proposals are in public domain, but accessing this information is difficult. You can find some proposed infrastructure such as roads in the approved building plan, which should be available at the builder's site office.” He further added that "Proposed highways, railroad links, etc, can be found in the city master plan that is available with the district town planner," reports Business Today.