Buying Property for investments in Hyderabad city other than one’s own require a lot of research and preparation, they can definitely be extremely profitable. Here’s an essential checklist you should follow, before proceeding
The tendency of most property investors in Hyderabad, is to focus on the areas that they actually live in. This is because they are already familiar with the locations that have highest demand and who the reliable and reputed developers are. Also, most people will have a fairly broad network of people within their city, who can advise them on potential property investments.
Nevertheless the question that arises is: How advisable or safe is it, for a non-resident to make a real estate investment in a city that he or she is not familiar with? This question becomes even more important, when one considers that lower property prices and better appreciation are in such a city’s emerging corridors, rather than its established real estate precincts. Hence, the first thing that such a prospective investor needs to do, is establish what kind of demand is driving such a location.
Buying Property: Demand drivers
The primary driver for residential demand, is job creation. If an identified city, town or periphery is seeing a lot of demand for homes from people who are attracted by a good job market, then, it can be a good residential property investment bet. The other important variable is affordability. Quite a few non-metros as well as peripheral areas of larger cities, currently qualify on these parameters.
Again taking the example of Hyderabad – this city’s economy and job market, are driven by information technology and BPO firms, its vast manufacturing belt and a thriving services sector
Where to invest?
Buyers should fully investigate they can reach RERA Licensed Real Estate Agent like us to get reliability and market standing of developers active in such a market. Although the Real Estate Regulation bill may eventually weed out all fly-by-night operators, the fact is that many unscrupulous developers have historically been active in emerging locations. Such developers may not have obtained all the necessary clearances for their projects, or even have clear ownership of their plots. They may also engage in shoddy construction and often lack the capital to complete their projects on time. Such developers often offer lower property rates, to attract demand. Investors should only patronise reputed developers who have been delivering quality projects on time, so that they can avoid unforeseen risks to their investments.
