Buying immovable property in India is no easy task with difficulties due to a combination of factors. A meticulous planning at the investment stage itself could indeed avoid hassles later. Before investing your hard earned money in any immovable property, do scrutinize the title deeds through the eminent lawyer and select the promoters having good track record to safeguard your property investment in India.

Besides the legal aspects which is core to purchase of any property in India, one cannot ignore the aspirations and dreams which we all want to fulfill when acquiring an abode for oneself. Your home represents what you are and what you want to be. Think clearly and decide kind of lifestyle you and your family would be comfortable with. Villas, apartments, executive floor all entail a particular lifestyle.

While on a property purchase, do your research on the real estate market. You should ensure the investment has been right and in time to come would allow a good return if you think of disposing it. Location is the most important aspect in selecting property. Proximity to school and market cannot be ignored, and of course a good neighborhood. Do proper checking on the developer; do not take their word or brochure for granted. In case you are duped by the developer, a complaint may be lodged under the Consumer Protection Act. 1986. Representation can also be made to the MRTP Commission for issuing instructions for indulging in unfair trade practices.

If you need financial assistance from Banks in India, look at your resources. Plan your EMIs and study the offers coming your way when availing loans. The fine print needs extra attention. Buying home in India was never easy with the banking sectors along. If you are foreign resident of Indian Origin and want to own a house in India out of your earnings abroad, discuss the conditions governing purchase and sale of immovable property by NRIs and persons of Indian origin. Reserve Bank of India grants permission to foreign citizens of Indian Origin to invest in local funds in real estate on submission of necessary applications provided such investments are for bonafide use of residence.

Does the investment scene promise profit for us?
Definitely! With a growth of 30% every year, nothing could be more promising! Take a look at all the major metros and nearby areas- skyscrapers, shopping malls, theme parks, huge residential complexes etc. are there to blow you away! It is like this according to most of the prominent property agents in India: With a 12-13% ROI on property investment in India, the jump has been 50% higher than US and Europe.

Conclusion
The price appreciation, growth in the economy at 8% GDP, lifestyle trends, real estate boom and change in infrastructure are mainly driving the market dynamics of property investment in India. Investing in residential property seems to be the most profitable business for the middle class and the yield is roughly 5-6% per annum. We hope to see real estate India as the most profitable destination in the world in the near future!

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