Podcast with Oscar Braganza, Executive Director, Marg Group

Mr. Kiruba Shankar, CEO, BusinessBlogging, had a chat with Mr Oscar Braganza, Executive Director, Marg Group. In this podcast Oscar explains what would be the right time to buy a home and how one should go about, while deciding to buy one.

Here are the transcript of the talk…

When is the right time to invest in property?
This is the question every consumer struggles with. Real estate is something that appreciates very fast. If you look at history and past experiences, those who have taken early decisions have often emerged winners. There might be instances where it might not have appreciated or appreciated at the rate expected, but in a long run, there’s always been been high appreciation in property values. So the short answer to your question, is NOW. Don’t wait..

One of the important factor is, at what point you’re getting into the particular project.

If you take the example of Noida, Gurgaon, those who entered 10 years ago are getting a much different rate of appreciation compared to those who have entered recently. One critical element is to check what is the proportion of land cost in your total cost.. If land cost makes for huge percentage of total cost (more than 80% of flat cost), then rate of appreciation/potential upside will be lower. If land cost is lesser (say less than 20% of flat price), then there’ll be huge potential for appreciation.

Look for areas where social infra structure, jobs and other opportunities are coming up, once you identify the area, go for it. Because, if you wait, you may end up paying higher price or not getting your choice…