Hi, I'm an NRI and looking to invest lump-sum 1 crore INR in real estate near Delhi or Gurgaon. I’m not looking for a quick profit and ready to be invested for a minimum of 4-5 years. My goal is to achieve a minimum of 10% ARR with potentially more upside if possible. Why under construction property ? 1. While under construction obviously carries higher risk, they have a higher chance of appreciation in value as they come relatively cheap and also the payment plan is a bit more relaxed which helps in buying time and saves on interest payments. To mitigate the risk, I think choosing a known, reputed, A class builder is important. I’m considering only the builders who have the history of delivery projects with minimum to no gaps from their original commitment e.g. DLF, Godrej, Ashiana, Signature global etc. 2. I do not need this property right away as I don't intend to live in this property for the foreseeable future. I've looked at a few apartment options (commercial, villas and plots are yet to be evaluated) in Gurgaon and they seem appealing, especially project Ashiana Amarah, sector 93, gurgaon and Signature global city, sector 93, gurgaon. I’ve no past experience in real estate, so I'm not sure if it is a worthy investment. Also, when I roam Gurugram this past week, I felt that there are just too many projects going on with not much occupancy (with more to come in future). Then, I started to think what will make my apartment appreciate in value if there is always gonna be ample supply in the area ? What do you all think ? What is your experience buying a residential apartment in India ? #realestate #india #gurugram #property#residential_property #personalfinance #investments
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Will India really get impacted? Seems like every layoff is creating more jobs in India due to outsourcing
If u see total no of employed ppl in s/w service is way greater than product based... Startups are comming but it take time to build a huge employee base... Yes few jobs from product based companies will come to India but it will not be able to compensate for loss in business in Indian service companies.... Recently TW also laid off folks but in India they havnt done any officially.... But if u see pipeline they are somewhere not in strongnposition and henceforth they might layoff indian employees too, just a matter of 2-3 months at higher side.... Only company is able to sustain is TCS, which pays very low compared to its competition, infact TCS(biggest ITservice) CEO made around 27cr total last year but on the other companies say eg HCL he made 100+cr last year....
I am not saying that layoffs won’t happen it will happen. But the number which is coming from US outsourcing seems higher. Agree with service company thing though
@fMez40 2 advices, borrowed from best... U make money when u buy something and not when u sell it... Buy ur investment like u buy ur groceries not beauti products.... So just wait for a while and see how Indian IT industry is doing in this down turn... if its hit housing will definetly go lower by 30% approx... for a while...
Checkout this article fir demand... Its mad... and see how it was low during pendemic. Do you think these riches didnt have money during pendemic who r buying 7cr flats now...
I’ve been watching this space closely since 2019, after GST, demonisation and RERA implementation real estate market took a hit, BJP government then launched schemes for affordable housing where prices were capped and subsidies were given to first time buyers, this was in affordable segment, and this took off, 2018-2020 saw a lot of affordable projects coming up and along with it overall real estate market was starting to recover but then covid hit and it corrected 5-10%, but it started to recover soon afterwards since loan rates were low, and then when builders saw market catching up to where it was before demonisation, luxury projects started to pop up, DLF Arbour at 7cr starting price is one of few luxury projects to launch in last 3-5 years here in NCR, this number will be in single digit. TL;DR it was not that people didn’t have money, but builders weren’t launching luxury projects because the market was still recovering after demonisation, GST and RERA.
I would say, wait... Market is down, but prices have recently gone sky rocket... So wait for more layoffs in tech industry... and eventually may be in other sectors too... India will definetly get impacted(not so badly as other countries) So wait for the time when suppliers will have inventory and u will get it at relatively cheaper price that too fully constructed house. Or you can look for resale options too... Talk to some broker, but after sometime when markets are hit.... Or wait for Karnataka and other state elections.... Reason being Karnataka BJP might loose or have situation like they had in Madhya Pradesh.... That sentiment will hit the market too...
Thanks for sharing these pointers. Do you have experience in real state ? Do you think buying a residential apartment is worthy investment ? While roaming Gurugram this past week, I felt there are just many many projects going on with not that much occupancy, so I started thinking does it even make sense to invest in such kind of properties ?
Well personally I want to invest in land in tier 2, 3 cities instead of appartments. And specially if u r investing in cash... See, I stay in Bangalore... Here a 2 BHK is costing 1cr(Godrej) and fetching around 40-45k per month at best... There r location such as indranagar, kormangala it even goes to 90k for 2bhk with hefty deposit ~5.4lk. But buying in these area will cost u double. So 1cr for 45k/month - Property tax, not aure if NRI have to pay more... ~5lk yearly u will be making with a risk of famage, manitance when a teenant leaves etc... Do the maths and u will find appartment is never attractive unless u r buying it at right Price... I am not a Real Estate Agent... Just a normal investor...