If you have decided on investing in real estate, you might have many questions regarding the same. The prices of properties in Pune seem to have touched the sky, but there are ways to figure out which option works best for you. We are here to help you solve some basic questions about the two types of properties. Today, we will discuss the option of investing in the residential and commercial space.
Residential Properties
If you plan to eventually live in the place you buy, you can buy a home according to your future needs. If it is purely for investment purposes, consider the locale. Depending on the locality, narrow down your target audience. If the property is in the middle of the city or in industrial areas, ensure that the locality and property is family-friendly. If there are quite a few colleges around, ensure that the locality and property is student-friendly.
Commercial Properties
Commercial properties need to be located in the hub of the city. Once again, the target audience needs to be considered. A store in the outskirts could do better than one in the heart of the city, if it can match the expectations of the people living close by.
Whether you pick residential or commercial spaces, the prices will vary according to the state of the market a few years down the line. A known fact in India is that residential properties cost lesser compared to commercial spaces but also fetch lower rent and have lower re-sale value.
Since you will be dealing with your renters on a regular basis, pick a property and location that will attract the kind of people you will be comfortable dealing with, effectively. You will also need to speak to your banker to understand the various financing schemes available for both types of properties.
You must make a decision thinking of the present (your budget), the near future (finding tenants, leasing, maintenance etc.), and the time in the future when you ultimately sell the space (growth potential, return on investment, etc.).
Feel free to call us on 020-41012200 / 40006000 /1/2/3 or call us to book a visit to the project site.
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