In India, the cost of buying a home can reach several lakhs or even crores, which is an enormous sum by any measure. Therefore, it is crucial to consider your motivation for investing. Is it the intention to use the rental yield to generate passive income? Does it have a high return on investment, or is it intended for long-term use?
When making an investment in real estate, the location of the property is the most important factor to consider. It is a factor that will affect the region’s potential for growth in the future. Therefore, do your homework on the area, local markets, and other amenities before choosing to buy a residential property
It is crucial to check the property papers and confirm that the property has clear titles, whether you are buying a property that is still being built or one that is ready for moving in. You should also look for the RERA information and the occupancy certificate if you are investing in a property that is still under construction.
One of the most significant decisions you will ever make is whether to buy a house. It is crucial to carry out a complete background investigation on the property.