Challenges in investing in real estate.
Have you guys ever considered investing in real estate? What are some of the biggest challenges you have faced? (Doing preliminary market research. Thanks in advance)
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Money
See if you want to invest in Tier 1 cities then money is going to be a problem unless you have >= 1 Cr But I think you can invest in Tier 2 cities na??
Liquidity. You have savings of 50L and put 40L into a downpayment, your savings are locked up.
Long term EMI. In case of a job loss, can you handle the EMI for months.
Land. Squatters. Enough cases in rural areas.
Flat. Maintenance. Finding good tenants. Handling their calls for repairs. Society Board fights.
I think one of the best real estate product is the flats which come under affordable housing policy in Haryana. Under 35L you get a 3 BHK.
Form a groups between friends or office colleagues and form a pool of few crores and talk to tier 1 builder to investment it in their upcoming projects most I have been part of gives 50% off many such Builder like Embassy, Mordern Space, Confident, etc does it.
Real Estate gangs in Bangalore will force you to sell at the below market prices!
Money it's impossible to invest in tier 1 cities until you have 1 cr
size of investment