Real estate is considered as one of the most money-spinning investment options. By investing smartly in real estate, you can easily earn huge profits as much as double or triple returns in just a decade.
To help you make a smart investment, here is a four-point checklist to identify a potential growth area.
Gentrification – The first thing you should keep in mind before selecting a location for investing your money in real estate is gentrification. Gentrification is the process of renovating and improving an area or district so that it conforms to upper middle-class taste. The best way to find areas which are undergoing or about to undergo gentrification is to look out at the residents of the area. If more young people are starting to inhabit the area it would soon be experiencing gentrification to suit their needs.
Infrastructure Development – By infrastructural development, we mean development in terms of the amenities, connectivity, and transportation in that area. An area that about to experience infrastructural development would certainly be a great bet for investment. Large government infrastructure projects like new highways, metro, schools, universities, hospitals, bus/train stations etc., are a good sign that the price of the area would only increase in the coming times
Ripple Effect – You need to catch the ripple effect in real estate India before making any property investment. Study if the nearby real estate market that has recently experienced a high growth, if yes then it is good for investment as it would also soon be affected by the ripples of growth from its surroundings.