BENGALURU: You work hard for your money, but does your money work hard for you? When you put money into an investment, your money goes to work for you. Plain and simple: Investing is how you become wealthy. But what is the best “job” for your Rupee? How can your money earn the most and offer the least risk? One investment stands head and shoulders above the rest: Real Estate.
CREA (I), Confederation of Real Estate Associates (India), the highly-reputed association of Real Estate Advisors and Marketing associates believes that right now might be the greatest time to buy real estate that we’ll see for another decade or longer. Here are some reasons why.
Rates will fall
Low interest rates lead to low monthly payments, which is great for real estate investors looking to maximize their profits. Investing in a property now with a flexible interest rate to avail the benefits of further fall in interest rates, especially with the multi schemes from developers and banks that offer great subvention schemes are a fabulous option for the Investor and Home Buyer to gain a 10-20% price benefit over a 10-year loan tenure. Several years from now, many Buyers and Investors will look back and say, “Remember back in 2017 when you could get a mortgage below the 7 percent? Those were the days!”
Banks have funds
Post demonetisation, banks are loaded with funds and banks have begun opening their vaults and relaxing their standards. No, this doesn’t mean you’ll be able to obtain a 125 percent loan-to-value mortgage with no money down based only on “your signature,” but if you have a job or a business and decent credit, obtaining a loan is easy now and the CREA (I) certified Real Estate Advisor also connects you with the best loan options specialists for a door step services.
Prices reasonable
Yes, real estate prices are extremely reasonable. An astute Investor knows that the Developers and Builders have gone through an adjustment era for over a year now and the market is picking pace especially in Bangalore.
However, for those willing to hustle to find great deals, great deals can be found. This is especially true for investors who buy foreclosures and have an eye for the great deals that a CREA (I) can bring to the table in partnership with a Developer and a Bank for properties ranging from `20 lacs to `5 crores.
Tech makes it easier
In the “olden days,” investing in real estate took a significant amount of driving around, talking to people, waiting, looking at hundreds of pages of documents and other difficult, time-
consuming tasks. Today, technology has made investing in real estate significantly easier. Today, a real estate investor barely needs to leave the comfort of home to manage a portfolio of properties.
Knowledge is free
In the past, real estate knowledge was primarily taught by “make quick money” gurus who charged outrageous fees for “secret knowledge.” The internet has democratized learning in a way that makes real estate investing education completely free and organisations like CREA (I) have brought in a fresh lease of life into the Industry for knowledge dissemination to the Investor and the Buyers.
Have no regrets
Investing takes time. No one is promising you that tomorrow you’ll be rich if you start investing in real estate today. But in ten years you will likely look back at 2017 and say, “Why didn’t I start back then?” We are now at a unique point in history where real estate investing just makes sense.
Wait any longer and you’ll miss out. Of course, not every piece of real estate is going to make sense. You still need to understand what you are doing and to do the math correctly. You still need to hustle to find the 1-in-100 deals that actually makes sense and who better than a CREA (I) affiliate for you to partner with and grow your wealth.
The great thing about real estate is that even in a bad economy, it will usually fare better than stocks. Land, after all, is a finite resource. People need a place to live, work, shop and play -- so real estate is really just a matter of supply and demand.
Real estate investing is one of the greatest ways to gain financial independence so your job can become optional rather than required. In fact, it’s proven to be the best way to create wealth, and an investor need not be a genius or a millionaire to succeed but the Investor needs to select in the perfect Real Estate partner in progress and CREA (I) member is the Perfect Partner in Progress one can find today.
The author of this article is CEO/Founder of Huts
Global and the Spokesperson and General Secretary of CREA
(I). For queries, if any, you can reach the author or CREA
(I) committee on query@creaindia.in