At one point all of us would consider buying an apartment of our own. But with so many realtors and brokers around, it is hard to choose which is the right one and if caution is not observed, it is likely that you will spend money on an apartment that you did not want to buy in the first place. It is in our nature to get attracted to glossy booklets or websites that promises a many things. However, you must maintain discretion regarding what is being presented and do thorough homework before embarking into anything like this.
In the beginning, you should know what exactly you are looking for. You don’t want a lot of facilities in your house if you are not going to use them. Therefore, have a requirement specification in your mind before you approach any realtor with your desire to buy or build an apartment. You should also be aware of the financial risk involved in each of the requirement of yours. A house is a long term investment and it is important to know where each rupee of yours is invested. The resale value of property is bound to improve with time and therefore real estate is a long term and secure investment option for you.
If you are still serious about investing in real estate after reading all this then you should consider investing in Trivandrum. The capital city of Kerala offers you much more than what most people know especially in the real estate arena. The less volatile real estate market is expected to boom even further in Kerala and especially in the city of Trivandrum. Serious investors are already considering this city and if you want to join the bandwagon, it would be a very wise decision.
For a budding investor, a small scale investment is better to start with and Trivandrum is one of the best places in Kerala to begin. The real estate is no longer the seller’s market and therefore it is possible to get a good deal for a relatively reasonable price. As mentioned above, real estate is a long term investment. Therefore the returns will have to wait. But with the right amount of time, the returns will be huge.
The chances of something going wrong in your investment in Trivandrum is very remote. There is plenty of information available online and also it is easy to ask around and get reliable information here. You can get the land ownership documents verified without much hassle since this is the capital city with sufficient bodies doing the job for you. Further, your realtor can get approval for your project in terms of noise permits, NOC from pollution and fire control board etc. You can also easily get the land title done as well as get electricity and water supply permits.
With greater understanding of the market, you should now be able to make an informed decision as to whether you need to invest in apartments in Trivandrum. If you are looking for short term gains, then you can do some high risk investment. But if you want low risk investments, then you can always consider investing in the real estate business of Trivandrum.