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19 January 2014

NRI Investing in Property in India How to Get Returns from First Day after investing in property

How to get returns from investing in property from day one, just after the long ordeal of searching for right property to registering the property its time now to enjoy returns. Does this happen with all investments, no. Many investment decisions take off  great but for getting returns,  sometimes years go by without a sight of any profit. How can an NRI start getting good returns from the property bought for investment purposes sooner and also how you can benefit from regular monthly returns , lets discuss a few simple guidelines which when followed from beginning will assure you good returns from day one.
Good returns from Investment
1) Be a Informed buyers. NRIs can first research on the net, contact good financial advisers, property consultants and narrow down searches for property to buy for investment. Choosing the right place depends not upon how much money you invest but on how correct the selected place is. The rate at which the prices of property are going up in one area as compared to other is all that will lead to good returns from property investment. Here there are some properties that move at a snails pace and even after five years the rates don't go up much whereas there are some that have shown drastic rise in the past few years.
Here again one must not go against the mind over matter only. There are also some places that "have the potential for growth" here comes the intuition of the buyers and property consultants.
2) If you want returns sooner from property buy those that are completed projects and running successfully over years. Buying ready possession flats that already have existing owners or renters living is much better than buying a new flat, registering and then finding a renter. Advantages are you know the flats are livable, with all facilities working. You also know the society has this flat registered and all dues cleared, and also you get to fit into the shoes of previous owners and continue with the process except that the names of the flat owner changes. Resale flats are a good option which already have renters looking out for.
3) When buying property flats for investment from working projects the flats which are not ready, the fact that you will get the property in comparatively less rate with booking amount , the wait will continue till the project gets completed. But here again the time lapse and the rise in property rates in that area are a major deciding factor and many investors also prefer to invest here without any hassles of going in renting and allow the investment space to mature by itself while work in progress. You can always sell off after even few years with the profit amount without actually getting a flat possession or living or renting it. So this is more of putting in money and then earning profit by
transferring the property to another buyer.
4) The property bought or given as gift can help to save taxes. Saving money from the first day of your deal there are a number of ways your property consultants can guide you to get maximum benefit from investments in property.
Always hire a good financial consultant and get attached to a great finance company bank as they will be able to guide you, an NRI better  according to correct procedures and rules. Property is till date the most sought after and bestest investment, Start earning good returns from your investments.

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