InvestorQ : How to make a property buying decision when it comes to investing in real estate assets?
Jignesh Gupta made post

How to make a property buying decision when it comes to investing in real estate assets?

Answer
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Maniish Lofar answered.
1 year ago


When 2 colleagues at a software company decided to purchase a property in the suburbs of Mumbai, they had a different set of experiences altogether. Over the next 8 months the second colleague got into a number of challenges like lack of clarity on title of property, bank refusal to fund the project, delays by the builder in getting basic amenities etc. On the other hand, the first colleague started his house hunting with a 7-point checklist on the key points to address while acquiring the property. Not surprisingly, his journey was a lot simpler and largely hassle-free and also a lot more smooth and organized. In traditional Indian parlance there is an aphorism that “Marrying off your child and building a house are the 2 biggest challenges that a man faces”. But if you plan and execute the purchase of your property like the first colleague than the second colleague, chances are that your journey will much smoother.