RESIDENTIAL PROPERTY INVESTMENTS
In many Indian cities
every residential property reasonably priced will
drill a hole of about minimum 30 lakhs. Most people
prefer to invest in this asset no matter how long it
takes to get it (even if it means getting it over a
20-year period of home loan with EMI). A typical
residence for an average middle class couple is a
2BHK (Bedroom Hall Kitchen).
Those who want more space
opt for terrace flats, which of course come with a premium!
In Mumbai, a terrace flat with a sea view to boot can be a
cool 7-8 crores! But the same would be about one fourth in
In terms of properties some areas will always remain prime
because of the location. Like Cuffe Parade, or Malabar Hill
in South Mumbai. These areas are quiet, have good sea view
and are well maintained having government residences also.
In Chennai, Adyar Park or
Ridge Road in Bangalore, Boat Club Road in Pune or South Ex
in New Delhi will remain the highest sought after urban
addresses in the country.
In modern times a home is
much more than just ancestral property to be divided amongst
children. When they become adults they themselves are
capable of having a good shelter. Today the trend is to have
more than one property with the kind of disposable incomes
The numbers of builders and developers in India have
increased in the last two decades. Since real estate
activity has become lucrative even corporates and reputed
industries are opening up real estate divisions.
This has of course
increased the number of players in the residential property
market. Naturally it is difficult for ordinary people to
understand which projects are safe to invest in. CRISIL has
decided to rate the property developers and their projects.
The rating will be done on the past performances; materials
used, how long they take to execute their project, and how
each builder assists in repairs and maintenance after the
project is complete.
This with the ISO
certificate that some developers have opted for will help
homebuyers to determine which builder should they invest
their monies in. With this kind of professionalism there is
more transparency in dealings between the developer and the
Buying residential property
is one of the many reasons NRIs are returning to India.
Well, today a dream home in India is very much a reality.
in India >