Selecting a property that will provide returns in spades is no child’s play. There are a lot of factors to be taken into consideration, before even going to physically visit the shortlisted options.
Keeping regular checks aside, like the locational advantages, size and dimensions of the said property, banking partners so on and so forth, the astute investor is also expected to deeply delve into the future prospect of the location, the civic developments, the said property, the developer, etc.
Take the projects at Hiranandani Fortune City, Panvel as an example. It offers a fine mix of Studios onwards to 3-Bed Residences. Although earlier thought of as afar; today the expansion of the city, has got that massive project, right within it’s grasp. A story which we are familiar with. Circa 1990 - Hiranandani Gardens, Powai.
Therefore, investing in developers like Hiranandani Communities, often turn out to be trump cards for investors. A high return on investment within a shorter span of time. Which in many cases has also resulted in purchasing multiple units, simultaneously.
For the new investor, here are a few points for consideration:
1. Location is the key
When it comes to real estate, location by far plays the most important role. Specially, when it comes to reducing the overall quantum of time for your investments to multiply. Taking Hiranandani Panvel as an example, the township is located about 12 kms away from Panvel terminus. At one point in time, it was considered far off, but today, it is surrounded by a host of conveniences, an enviable civic infrastructure and massive ongoing government projects, further expected to boost it’s values. The social quotient too has increased, as seeing the success of this township, there are newer townships by equally reputable developers that today are its next-door neighbors. Imagine the returns of an early investor.
2. Maintenance costs
A good indicator on the good, bad, ugly of the long run in a project are the understandings that a developer provides on its regular maintenance costs. Usually, sound construction techniques result in far lower maintenance costs over a longer period of time. For an investor, this is an absolute win. Take the developer Hiranandani Communities, as an example. The build quality, the techniques and the materials used are all long lasting. This means, once the handovers are completed and the society comes into its own, the charges per sq.ft., will be relatively lower. The residents will get more for less, considering the amenities that a Hiranandani provides in its townships. Which in turn result in higher returns on rentals.
3. Legal considerations
This is where reputed builders come into their own. Vis-à-vis single free-standing structures, townships like Fortune City Panvel are far more-safer as not only are the titles clear, but the basic considerations are also taken seriously. Basic considerations like health, safety, and fire regulations, insurances, accessibility, and licenses are taken care, with the end-user in sight.
All of this more, make properties by Hiranandani an ideal solution to invest. Its apartments too are unique in nature. Aesthetically designed and the feeling of largeness, with huge windows and sun-decks give it a very airy feel. The amenities within the township, the landscaped podiums, the reserved forest and the upcoming clubhouse all further add to the value of an invested unit.
Thus, confirming to the age-old adage by Andrew Carnegie, “Ninety percent of all millionaires become so through owning real estate”.