Welcome, Guest    
 
Login  Contact Us RSS Feeds
ANITECH FOUNDATIONS
Home
  Add Property                
Register Free to find a Perfect life partner In AnytimeMatrimony | Equated Monthly Installment(EMI) Calculator | Stamp Duty Calculator | Area Conversion Calculator | Know answer for your Taxation query | Ask Legal Advice @ Free of cost | Vaastu Tips
FAQ Sitemap
 
Newsletter Signup
Subscribe for our property news letter



 
 
News Search
Type a keyword to search.



[OR]

Select a city to search property news.


 
 
News Archieves
September 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
September 2008
June 2008
February 2008
January 2008
December 2007
November 2007
 
 
External Links
 ICICI Home Loans
 LIC Housing
 HDFC Home Loans
 SBI Home Loans
 Axis Bank Home Loans
 Tamilnadu Govt Links
adProperty News

     
 
Choose the right property
Source : The Hindu Property Plus Published On : 2009-01-17 City : Chennai

The correction in property market might be encouraging many to think of investing, but a careful consideration may be necessary, warns SRIKALA BHASHYAM

Till 2008, volatility was something associated largely with equity markets. However, property has joined this club and as you would have noticed, prices have begun their downward journey after galloping during early 2008. While the fall was associated with general downtrend and excess supply in the property segment, there has been a reversal in the latter. There has been a fall of 15-20 per cent in property prices across the country and in some cities and locations, it has been higher. Expectedly, this has prompted many to think of property as an investment. While any time is good time for own living, investors need to be extra cautious when it comes to looking at property as an investment option. Even those looking for property for own use, need to be cautious as wrong choice of property can cause a higher damage.

Here are some tips which could help them in choosing the right property

Closer to completion

If a flat is your choice then go for one which is closer to completion. The liquidity crunch in the financial system has changed the finance profile of many developers and there are few out in the market who have the potential to run long race. Hence, rather than looking for property which is likely to get completed over the next 2-3 years, sign up for a property which is ready or almost ready for occupancy. Not will it solve the problems of uncertainty (of completion of project) but will also give you the tax benefit on your home loans.

 Look for legality of the project

The recent developments in the corporate sector have been disturbing for all of us but unfortunately, this is the time for all us to take notice of corporate governance. Besides checking the veracity of your builder or developer, make sure that the property you choose for your living/investments is legally sound. During euphoric days, many have thrown caution to the wind and buyers have ended up with properties which have been sold to multiple owners. Instances such as builders constructing additional floors without proper permission from government agencies were far too many and in some cases, such projects were even sanctioned by lenders. Hence, ensure that your property is approved by necessary government agencies as this can insulate from loss of property if such a situation were to arise.

Potential for appreciation

There has been a growing consensus regarding the capital appreciation prospects of properties on the outskirts of cities with major cities in India getting choked in central business districts. While CBD areas offer better potential for commercial rentals, the rate of appreciation is always faster in newer areas when compared to traditional older areas. With the life of the property typically ranging from 50-60 years, investments will have to be made keeping in mind the age factor too.

    Back
 
     

 

More on Anytimeproperty
 
City Based Properties
 
Useful Tools Property News Search Property Calculators Others
© 2017 Any Time Property All Rights Reserved. Home | About Us | Advertise | Testimonials | Help & Support | Contact Us | Careers | FAQ | Feedback | Sitemap
Privacy Policy | Terms and Conditions Developed by Snick Technologies