00:00Best Tips
00:05Best Tips
00:07Are you investing for the first time in real estate?
00:10Today we've got some great tips for first time investors, like you.
00:15Let's begin with defining your budget.
00:17Did you know that India's real estate market
00:20is expected to grow to 82 trillion Indian rupees, which is approximately 1 trillion United
00:25States dollars by 2030, while ending with 13% of GDP by 2030.
00:30Hospitality, residential, and commercial real estate are
00:35also increasing significantly, with the growing need for property in India.
00:40The most important rule before investing in real estate is to define your budget.
00:45Always best to start with a small budget, to avoid facing any massive losses.
00:50Along with time, you can then gradually increase your budget.
00:53Next, you must choose
00:55your location wisely.
00:57Focus on the property's location, according to the demand in
01:00the real estate market.
01:01It's always best to invest in areas, with much concentration.
01:05of the residents, and availability of all basic amenities nearby.
01:10Always try to approach the localities having low crime rates, along with the easy access
01:14to pass.
01:15medical care, shopping malls, and public transportation.
01:20Let's focus on maximizing your real estate's worth.
01:22Let's focus on maximizing your real estate's worth.
01:25As an investor, you can enhance your property through value-added services.
01:30That might not cost you thousands, but will undoubtedly increase the worth of your property.
01:35You can maximize your real estate property's worth, by adding several amenities, including
01:40addition of bright lightings.
01:42Modernly designed gypsum ceilings.
01:45big windows, interior, and original.
01:46Peck window frames, vintage-style cupboards in kitchen for an advanced look, and
01:50map.
01:50Modern cabinet pulls in lantern light fixtures in bathrooms, to make it look elegant.
01:55You must also be aware of the tax laws.
02:00It's very important to have a better knowledge of tax laws, before investing in real estate.
02:05Always consider whether you have to buy, or get your property on lease.
02:10However, buying a property will generate an interest rate of over 7% on your housing.
02:15Which is comparatively lower than the interest rate, for a leased property, which is an average.
02:20So, when purchasing any real estate property in India,
02:25staying considerate, keeping records, and complying with the tax rules in India,
02:29will always be considered.
02:30Always help you to make a knowledgeable decision.
02:32Hope you are now aware of the tips, that should be...
02:35considered when investing in real estate, for the first time.
02:38Let us know your thoughts down below.
02:40For more information, read our blog by clicking the link in the description.
02:45description box below.
02:46Thanks for watching.
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