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The Indian Real Estate Industry in the country is one of great importance and according to the report of the Technical Group on Estimation of Housing Shortage, as estimated there was a shortage of 26.53 million houses during the Eleventh Five Year Plan (2007-12) which provides a big investment opportunity.
In 2010 India has lead the pack of top real estate investment markets in Asia according to a study by Price water house Cooper (PwC) and Urban Land Institute, a global non-profit education.
Gujarat known as the most industrialized state in India, Gujarat is known for its rich culture and has a population mix of professional and business communities. Gujarat has made rapid progress in real estate and financial services.
The state has high affluence and its potential is now recognized by several brands and organizations as being a large market to address.
The transformation of Gujarat has been slow and steady but today anyone visiting the state can see large, glitzy buildings and malls in place of old housing and office infrastructure.
Gujarat has excellent development prospects and is growing rapidly in the property market but will need to demonstrate over several years that it can maintain pace.
Earlier known as Baroda, Vadodara is the third most populated town in the Indian state of Gujarat after Ahmedabad and Surat. It has a populace of over 1 million.
As compared to the metros which are already saturated in terms of real estate development and prices, smaller cities are doing better business. And, Vadodara is among the same.
Compare different investment options based on Safety, Return & Liquidity.
The first step for you to take when buying a property is to narrow down a location or set of areas that you are interested in.
Make a list of your top priorities and focus in on things that are most important to you.
so you need to have Real Estate expert who can make your transaction SAFE, SIMPLE & TRANSPARENT
Many buyers miss out of their dream home because of hesitation. They need "the time to think about it" or "to see more" before they make a decision
If you find a home now, don’t try to second-guess, interest rates and price of housing market by waiting longer.
Focus on the wants and needs of your immediate family and be ready to make the final decision on your own.
Negotiation is definitely a part of the real estate process, but trying to “win” by getting an extra-low price or by refusing realistic offer may cost you the home you love.
On an average 1.5 to 2% price hikes in a month, which you don’t notice, but makes large difference over period of time with minimized option. So grab the option when it comes to you.
There are two types of properties you can buy,
a) Pre-existing property: When you buy a pre-existing property, you need to firstly transact with the seller, agree on the terms and conditions, verify documents, and finally get loan approval if you need a loan.
b) Under-construction property: When buying an under construction property confirm that the development is legal and that sanction plans have been approved. Otherwise, you might end up paying money for something that is illegal.
If you are buying a pre-existing property, chances are that you will be expected to pay a lump sum for it today, rather than spread the payments across a future time period. If you are buying an under-construction property, you might have some flexibility regarding the type of payment plan. Typical plans are of 3 types:
Construction linked: You pay based on the progress of the construction of the property
Time linked: You pay according to a set timetable, whether the construction is on time or not
Down payment: You pay for the property up front