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…

Rajesh works with a leading IT company, which has a prominent campus on Chennai’s Old Mahabalipuram Road (popularly known as OMR). Everyday Rajesh travels all the way from Anna Nagar to his office, in a company provided transport. He is spending close to 1.5 hours each way, just on traveling, which is eating into his personal time.

Rajesh is in his early thirties, married for 2 years and has realized that it is time to make an investment in a dream home. Having set a budget of 20-25 lakhs for his home, his next mission is to identify where to buy an apartment. Should he buy one inside the city or on the outskirts? Inside city, he should be lucky to get a decent 1BHK for that price.

Instead, Rajesh realized that it makes a sensible investment to buy a property close to his work place. With almost all IT companies having their presence on OMR, Chennai’s Old Mahabalipuram Road is an ideal location for IT Professional like him to invest in.

Chennai’s Old Mahabalipuram Road extends from Madhya Kailash near Adyar till Mahabalipuram. This stretch is more popularly known as the IT corridor and the roads (which were non existent few years ago) have been improvised recently. A property on OMR is bound to appreciate heavily over next few years and will be a wonderful investment.

Marg ProperTies Pushpadhruma project is custom made for IT professionals like Rajesh. Located on OMR, just about 30 mins from Madhya Kailash, Pushpadhruma prices start at just Rs 20 Lakhs onwards or as low as Rs. 2199 psf offers 2BHK and 3BHK apartments.

Some silent features of Marg Pushpadhruma:
* RCC Framed Structure
* Vitrified Tiles
* Polished black galaxy granite slab in kitchen.
* Concealed Plumbing.
* 24 x 7 power backup.
* 2 passenger & 1 stretcher elevators.
* Sewage Treatment plant.
* Water treatment plant.

Facilities and Amenities at Marg Pushpadhruma
Pushpadhruma has almost all facilities one would ever need. Children’s Play Area, Jogging Track, Grocery Store, Car Wash Bay, Water Bodies, Day Care Center, Badminton Court, Snooker, Gymnasium, Swimming Pool, Club House, Space for ATM, Basketball court and many other facilities will make sure that all your personal and professional requirements are taken care of.

We’re already having several professionals and families buying properties at Pushpadhruma. Check this post for First apartment owner of Pushpadhruma