We all will agree that investing in a property is said to be one of the safest investments of all. Specifically, if you invest in projects near Thane which offer great space and high ROI than Mumbai. The main reason why real estate investment makes sense is due to the perennial boom of the real estate sector. There is plenty of information available on the web or real estate sector where you can find a complete step by step guide to real estate investment. Yet there are minor mistakes that most people do while making a property investment, which turn can cost you a fortune in future.
Letting your heart rule over your head
For most people, real estate investment is an emotional process. 90% of the investment decisions are made in emotional state and only 10% are made for practical reasons. It is justified to think of family when it comes to investment in the real estate property. But if you are planning to purchase a property for investment, you shouldn’t let your heart rule over your head and act according to prevailing the market conditions at the time. If you’re from Mumbai area it’s better to invest in projects near Thane due to the affordability factor and development of Thane real estate sector in near future. A 1 BHK flat in Dombivli costs an individual around three times less than a flat in Andheri.
Choosing a wrong place
Location is the most important factor to consider while making any real estate investment. There are few locations of regions where real estate booms rapidly, but then there are few markets that take many years in order to grow or give good returns on investment. Thane was one of such places about five years ago. But now Thane real estate in on high bloom as many affluent builders like AND, Lodha have started investing in Thane. The projects near Thane win in affordability side and luxury side. Hence, doing proper research and analysis of the market potentiality for growth can help the investor take the right decision before investment.
Acting impulsively or too cautious
There are two persistent traits of the investor that lead to wrong decisions making. Those who take impulsive decisions and those who behave too cautiously about their choices. Impulsive investors do not invest time in doing their research well and jump on to the first investment that looks appealing to them. This is the worst traits of some investors which can ruin their long-term dreams. Whereas cautious buyers invest too much time in thinking and loose on the good opportunities on the way. They attend every seminal, go through all the websites and by the time they actually decide to make a purchase, by the time they’re ready to invest the property is out of the sale. A good decision maker is the one who balances both these traits to churn out effective deals in the business.
Lack of research
Research is very important while making any big purchase, especially when you are investing in a property to achieve a high return on investment. Lack of research with regards to the appropriate value of the place, legal formalities, paperwork etc. can lead to carnal damage to your life and cause you financial stability. Taking help of a good investment guide & analyzing the market can assist you effectively to invest in credible properties with high ROI with good area and space.
AND (AnantNath Developers) is ready to bring happy living spaces to every lower middle and salaried class Navi Mumbaikar with luxury and comfort. Their 1 BHK flat in Dombivli, Diva are worth investing in because of the affordability factor. In the future AND will raise its bar and enter the luxury segment, creating outstanding landmarks that will stand the test of time. The brand will also enter other areas of infrastructure like retail, hospitality, roadways with the promise of offering ‘much more’.