New To Real Estate? Here Are Some Tips for You
Real estate has always been interchangeable with investment. People across years groups have depended on the sector to enjoy good returns. For a first-time investor, it may appear a little rough. Read on to learn some tips to begin your real estate investment journey. Over the past years, the latest investment options that are digitally smart, enhanced in clarity, and digitized for the current generation’s comfort have come up. However, while welcoming new possibilities, potential investors never ended their relationship with real estate investment and continue advising the upcoming cautious investors to do the same.
Is real estate investment a good idea?
Investing in real estate property is sure to expand your financial portfolio. Unless in bad situations, a commercial or residential property always manages to give back, even after years of purchase. For instance, an excellent residential apartment in the heart of a metropolitan city, encircled by offices, schools, and other commercial places important for daily needs, will always have renters to line up. This will furnish a steady stream of revenue to the property owner. While this is one side of the real estate investment, there are some tips to follow to make the most of the property investment, especially if you are a beginner.
Tips for first-time investors looking to invest in real estate
Reduce risk through different lawful entities
Protecting oneself, primarily while investing in a vibrant market, such as real estate, is essential. One can do so by taking the extended route of investing through lawful entities instead of the self. A lawyer can assist decide the right and lawful path for the process, protecting your assets and you in case of lawsuits.
Buy Real Estate Investment Trusts (REIT)
REIT is another way to invest in the real estate market without purchasing a property. One can compare it to mutual funds, in which you can invest in companies that are already owners of commercial and residential properties. One of the advantages of investing in REITs is the more significant dividends investor will receive at a lower risk.
Look for residential rental properties in prime neighborhoods
Developing neighborhoods have a lot of extent and potential for real estate investors to get more high returns. Buying or renting out properties in a prime area is an excellent way to ensure more likability and incredible prices since the demand is bound to skyrocket in the upcoming years.
Keep an eye on the phase of development of the property
With home working gaining popularity due to the COVID pandemic, properties in outskirt areas began gathering questions. This led to a rising interest in residential properties under construction in such locations. The prices are comparatively lower in outskirt areas, so it inspires people to invest. If you are a new investor in a real estate property, understand the market, unite it with the phase of development and invest in a property that will deliver a more significant Return on Investment (ROI) in the future.
Remember to protect your investment
Investing in real estate property is lucrative and rewarding. Nevertheless, one must follow measures to avoid any hassles. Concentrate on getting the documentation right. Remember to connect with professional and potential investors for proper guidance. Understand the investment market and do your homework correctly before investing in real estate. Lastly, know the resale value of the property even before investing.
While investing in real estate property brings several benefits, like any other platform, it also comes with a reasonable share of risks. Be a smart investor by obeying relevant tips to enjoy extended-lasting returns.
Prestige Serenity Shores
Prestige Serenity Shores is a state-of-the-art apartment building inside the Prestige Lakeside Habitat on Whitefield, Varthur Road. From 905 to 2882 sq ft in size, the location offers luxury apartments with 1, 2, 3, and 4 bedrooms. The residences spread across 102 acres are Vaastu-compliant, perfectly ventilated, and abundantly lit homes with top-notch amenities and facilities. Whitefield is one of the best-infrastructured real estate hotspots in Bangalore. This region contains commercial hubs like IPTL and EPIP zone. Conveniently located near the project are renowned educational institutions, business parks, and shopping malls. IGATE, TESCO, and SAP are just a few of the prestigious MNCs close by, making the project a great place to live.
In East Bangalore's Gunjur of Varthur Hobli, close to the Whitefield - Sarjapur Main Road, you'll find Prestige Serenity Shores. Because of the project's picturesque greenery and pleasant surroundings, the esteemed residents have a new lease on life. The location offers a picture-perfect view of the famous Varthur Lake from every dwelling. The project is close to commercial areas, business parks, industrial catchments, centres for healthcare, and educational institutions. The project is close to the EPIP Zone and International Tech Park Bangalore (ITPB), home to numerous IT and ITES businesses. Numerous entertainment harbours and well-known restaurants can be found close to the township. Shopping centres like Forum Shantiniketan, VR Bengaluru, Inorbit Mall, and Phoenix Marketcity are close to the project's location.
The Prestige City
The Prestige Group in Bangalore is developing the futuristic residential development known as The Prestige City, located off Sarjapur Road. On 180 acres, this cutting-edge city is made up of apartments, villas, and plots. A renowned architect designed the smart city, which was reviewed in the best pricing range and is located in a prime location. In Bangalore's Sarjapur Road, Prestige City is a gated neighborhood project with 12 million square feet of construction. 7000 1, 2, and 3 BHK apartments make up this township. The project also houses 808 plots and 140 villas. Elegant villas are located on 20.3 acres, and on 50 acres are superbly designed residential structures.
Prestige Jindal City
The Prestige Group is currently developing the futuristic project Prestige Jindal City. It provides 1, 2, 3, and 4 BHK flats and is located on a 32-acre plot of land off Tumkur Road in Bangalore. A residential wonder called Jindal City would provide 3571 dwelling units. The building is on Tumkur Road. The metro station is right close to the most celebrated project, Prestige Jindal, which connects all areas of the city. One of Bangalore's most popular apartment complexes, according to prominent real estate firms, is the best project in West Bangalore. In Prestige Jindal City, there are four different types of apartments offered. 1 BHK, 2 BHK, 3 BHK, and 4 BHK are the four different varieties. 3,571 smartly designed residences are available in various sizes.
Prestige Primrose Hills
An elegantly situated apartment complex by the name of Prestige Primrose Hills is now under construction on Kanakapura Road in South Bangalore. It provides 1680 units of 1 and 2 BHK homes over a 15-acre area. Fifteen buildings, each with 14 stories and 1 and 2 BHK, make up the complex. A 1 BHK Apartment is priced at Rs. 35.45 Lakhs. The well-known builder from South India has now entered Bangalore's market for affordable housing with this modest apartment. This property, which covers a sizable 15.93 acres of land, aims to redefine the phrase "home dear home." In Prestige Primrose Hills, you may select from one or two-bedroom houses that are surrounded by verdant vegetation and a tranquil setting. This new launch project, which spans 15 towers, was masterminded by Venkatraman Associates. In this gated community, there are floor designs with 1 and 2 bedrooms available. Homes with one bedroom range in size from 572 to 589 square feet. Apartments with two bedrooms typically have 867 to 986 square feet. The best amenities have been provided by Prestige Group so that residents can live comfortably. One of the oldest and most well-known real estate developers in Bangalore is Prestige Group. For the residents of Bengaluru, it is credited with building some of the city's most beautiful landmarks.
Prestige Waterford
Prestige Waterford is another venture of the Prestige group. The goal of the futuristically designed Prestige Waterford project is to provide a modern home for someone who desires a high-class lifestyle. Prestige Waterford, which is located east of Bangalore Whitefield, consists of 689 roomy, well-built 3 and 4 BHK apartments spread across a massive 16 acres of land in 7 gorgeous buildings. Apartments with three bedrooms start at Rs. 1.42 crores. Numerous advantages come with this Prestige Group apartment development, including a prime location, a pleasant and comfortable lifestyle, first-rate amenities, a secure environment, and high potential. A luxurious pre-launch property called Prestige Waterford is perfectly constructed on ECC Road in the center of Whitefield in East Bangalore. The Prestige complex incorporates a tasteful and well-planned layout of superbly useful landscapes and surroundings.
