First time investors in Chennai.

Q: What should a first time investors keep in mind before investing in residential project in Chennai.

Venu Gopal, Chennai

31st October 2014

Real estate News in Chennai

investment advice chennai

buying property advice

chennai metropolitan development authority

chennai real estate

first time investor

north chennai

south chennai

Follow Discussion

Also see discussions for

Chennai Real estate News Real estate News in Chennai

Replies (2)

How long should an investor hold a property? I am investor and invest in 2013 now the value of my investment increase approx 18% but my question is how long should I hold my property?

Venu Gopal, Chennai

5th November 2015

Comment

Hello Venu, I think choosing the right time to sell a property can be a difficult decision for any one becasue investment in property is different than the stock market. A number of factors must be considered in order to sell property at an appropriate time like Stable prices, rental value, Cost of maintenance etc.

Kushal, Chennai

5th November 2015

Ideally, an investor should hold on to a property for a period of 4-5 years.This period of time is sufficient to evaluate the property's performance and enable healthy appreciation. Most of the investor sell his investment at the time of possession.This is because an end user looks for an unused property and is willing to shell out more money from his pocket.

Sreenath, Chennai

5th November 2015

Hi, usually investor can hold upto 3 yrs of his investment because it come under lang term capital gain and you can eligible to take advantages of Income tax.

Hemanth, Chennai

5th November 2015

The return on your investment will vary based on many factors including
1. Fluctuations in the market
2. Costs to maintain the property (such as taxes, maintenance, and insurance)
3. The amount of rent you receive.
4. The interest rate you obtained on your loan
5. The type of property.

Tilak, Chennai

5th November 2015

Hi Venu,

As per my knowledge, currently Chennai Real estate market is showing steady growth. So many home buyers & first time investors are interested to buy or invest in Chennai. But there are many factors one should keep in mind before investing in Chennai as a first time investor to grow your net worth.

Pavan kumar, Chennai

31st October 2014

Comment

Hi Mr Venu,

According to me, first keep in mind of investing close to infrastructure developments. Along the metro or the mono rail or an upcoming SEZ may seem attractive areas to invest in, but they come with a certain degree of risk. “Planned infrastructure can be canceled and planned routes can also change. In case your property is in the way, chances are the government may takeover the land and give you the approved compensation, which may be way below your expectation.

Payal sharma, Ghaziabad

31st October 2014

Hi Mr Venu,

Yes Payal, I agreed with you. A better option would be to invest after the plans are approved and the work has started and has gone on for some time. Looking for property in localities close to these developments is a smarter option. It may fetch relatively less appreciation but it would be far better than running the risk of `on the route of the metro’ option. Any infrastructure developments typically also have a long term impact, so investing here with plan to wait as long as it takes, is a more practical option.

Kushal, Chennai

31st October 2014

Hi Mr Venu,

Second thing to keep in mind is investing in out skrits. The Northern corridor is the focus area, but way into the future. The central government has just announced several industrial corridors in the area and investors need to remember that it can take about a decade, before effects of these plans can be seen at the ground level.

Payal sharma, Ghaziabad

31st October 2014

Hi Venu,

Yes Payal , that's right. As per my knowledge, Outskirts investment is not just a long term plan, but often a future generational plan. It is mainly because the outskirts are really need-based customized and often unplanned developments, especially when it comes to residential development.

Muniraj, Chennai

31st October 2014

Hi Venu,

Last and most important is investing in IT areas. If you are investing to get high return then hen investing in IT core areas is to earn high rental returns compared to other localities due to the establishment of IT/ITeS companies where there will be a boost in employment opportunities.

Srinivas , Chennai

1st November 2014

Hi Guys,

In my point of view, So you need to strike a balance between the amenities provided at the project, the proximity to the access roads and other social infrastructure issues, to attract the best rental value. The small investor must realise that investing in real estate is really a marathon for them, this is also their best bet as they does not have the money power to balance-out a bad investment.

Alex Stephen, Chennai

1st November 2014

Hi Guys,
As per my knowledge, Rental appreciation is the major thing as it is very near or near to IT parks so there will be always rental requirement. Here prices are already high and the future tenants often have more options for renting.

Kiran Kumar, Chennai

1st November 2014