Tips for women investing in real estate in India

With changing education, technology and lifestyle, young women in India, especially those in metro cities are being independent as they are faring well in their education and are being considered on par with men. Young women get settled quite early in their life and play an important role in all the sectors of economy.

However, when compared to other sectors of the economy, real estate is quite an unfamiliar sector to women as it is a male dominated market. Getting into real estate sector involves serious planning and huge investment and henceforth women panic about facing financial loss, credit issues and making the right decision. Nevertheless, women can also explore the realty market and make an entry into it. The following guidelines can be of a little help.

If you want to buy a property;

If you as a woman have decided to buy a property and are not aware about the imperative requisites, you can always rely on the internet to learn the market conditions. Do a research on the type of locality, lifestyle and the factors influencing the property prices. Plan your budget and based on that, choose your location and infrastructure.

Start shortlisting brokers by seeking help from your friends and new home buyers. Once you have found suitable brokers, you can start interacting with them based on your chosen locality. Be truthful about the requirements and budget and ensure that before you choose any brokers, you perform a background check about their past transactions. If possible you can pay visit to one of the chosen broker’s customers and take their feedback.

Once the property is finalized you can make the investment. Seek the broker’s help for documentation, purchase formalities and carrying on the registration.

If you want to choose real estate as a business:

If you are planning to take up real estate as a business, you can begin by going to real estate associations and attending related meet ups. Start interacting with the members as this will give you a field experience of the current market condition.

Form your own network or join a network as this will increase your knowledge about the sector and will also boost your confidence to start up your own business. Once you are well aware and trained, you should start assisting others in the same line or accompany them at the time of property purchase and sale. Once you have raised enough funds, you can start up your own business.

Points to be considered:

Since women are good at maintaining relationships, this quality will make them more trustworthy and successful in their business.

Ensure that you learn the negotiation skills from your peers and learn to be authoritative.

Since real estate investment in India has shown a lot of investment potential, it is one area where women can opt for buying properties in India.

In case you cannot stick to your business due to family responsibilities, a prior property investment will definitely be a regular source of income.

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Do women get right to marital property?

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