5 PITFALLS you MUST Avoid!

Have you been planning to buy a property for long? Are you all geared up for buying a property? Well! If yes, then you must know the pitfalls that you might come across while buying a property. Here are some of the mistakes that you must avoid.

1. Lack of Market Research: Having a lack of knowledge about property trends and the realty market can affect your property buying decision. Before deciding upon a property without having sound knowledge about property trends and rates, you must do some detailed research to work out the market value of the property. Carrying out a comparative market analysis is an extremely powerful process to get the best deal for property.
2. Depending on the Agents: The bitter truth about the agents is that the they are working for the seller and not for you! Hence, entirely depending on the agents to find a better property is to be strictly avoided! Taking help from the agents is good, but not entirely depending on them. You must do your homework and find more options of properties by yourself.
3. Not asking the much needed questions: You must have a set of questions that you should ask when doing your research. Here are a few of them 
   *How old is the property? 
   *How much did the property cost when it was bought for the first time? 
   *What are the offers so far on the property?
4. Searching without financial approval: This is another common mistake that many  home buyers do. The last thing you would want is to watch your dream home slipping from your hands. Hence, having financial approval is important before you start searching for a property. For this you must know how much you are willing to spend on property and accordingly get financial approval.
5. Overstretching Your Finances: when we get an option that is beyond our budget and yet we desire to buy that property and we finalize on a property that is not within the limits of our finances. And then we often tend to exceed the actual amount that we can afford to spend on property payments and eventually add a burden to our expenses.

Hence, if you are planning to make a property purchase then you should be ready to avoid committing these mistakes in property buying process and get the best property deal!

Contribution of Real Estate

Empire Realty - Nashik

What is Real Estate? What defines the term Real Estate? Some of you are well versed with this concept of real estate; however, there are some of you for whom this is an entirely new concept. So, let us try to understand what Real Estate is before we step into the importance of real estate.

Real estate is the piece of property which comprises of the building constructed on it along with the natural resources such as crops, water, minerals, or any stationary property with similar attributes. There are a few segments of Real estate if we consider the Indian context. These segments are:

• Residential
• Commercial
• Retail
• Hospitality

Now that you know what real estate deals with, let us understand some of the important factors and outputs of the real estate industry in India.

• Real estate in India has become one of the fastest growing industries in the world and has come a long way. It has been not only drawing attention of many of the top builders and developers in India, but has also attracted many of the investors from across the world. India, being a developing nation, is now a major attraction for people to make a property purchase or invest in property with the growing real estate market across the country.
• India is still a preferred destination across the globe for builders and developers, investors and Non-Resident Indians (NRIs) and is favored by the investor-friendly government policies which encourage a healthy increase in globalization.
• Huge population of the country and the gradual increase in the income of the people along with the rapid growth and urbanization in the country has added to the growth of the real estate industry in India.
• With the expansion of the cities and towns in India, the increase in demand for infrastructure and space for educational institutions, healthcare facilities like hospitals and tourism has lead to generation of job opportunities in the real estate sector of the country.
• The real estate sector of the country is known to generate approximately 6.3% of the Gross Domestic Product of the country. This solely speaks of the revenue generation due to the real estate sector.

Read More:-

1. Challenges in Commercial Real Estate Investment
2. Modern Buildings and Homes by Empire Realty, Adapting to Growing India

Challenges in Commercial Real Estate Investment

Empire Realty - Nashik

Are you willing to invest in property in Nashik which is the 4th fastest growing city of India? Are you aware of the challenges that you may have to face in the process of investment in a property? If no, then the following section will help you have a better understanding of the challenges that may arise in your investment in property process.

There are a several obstacles in the process of investing in commercial real estate which are discussed in the following lines:

Properties in Nashik - Empire Realty

• Specialized Obtained Knowledge: In general, it is a long process of gaining a sound knowledge and experience about selecting and purchasing meaningful quality investment properties. Investing in the right property for best return on investments is not a small task. It requires well thought and planned research and knowledge about the various trends in the property of that particular location and field of a property/business firm. 
• Large Capital Requirements At Initial Stage:  it is commonly noticed that the initial requirements of most commercial real estate investments are at least 25%. However, these percentages are not fixed and varies from developer to developer and place to place. This might be a hindrance in your planning of the investment scheme which you would have classified over time basis. You may not be willing to make 25% of the investment payment at the initial stages due to various reasons. 
• Capabilities to control and keep up the physical assets: What is basically needed in managing and maintaining a property successfully is the focused research and proficient skills to implement the research over wise decisions.  If something within the property is not up to the mark it becomes another concern for owners and tenants.  It is convenient at times if the investors are allowed to partner with operators so that they can enjoy the real estate investment without having direct real estate ownership.
• Identification and maintenance of quality Income streaming: In an investment property which generates regular rental income that is secured by tenant leases, the assessment of the likelihood that a borrower will default on their debt obligations is of great importance. 

Considering the rapid growth in the Wine Capital of India, investing in commercial real estate of Nashik seems like a favorable and preferred choice right now as the builders and developers of the city are coming up with various projects for residential purpose as well as commercial purpose which are promising good return on investments.

Read More : -

- Modern Buildings and Homes by Empire Realty, Adapting to Growing India

- Uplifting the Lives of the People in Nashik and Investing with Empire Realty Properties

Modern Buildings and Homes by Empire Realty, Adapting to Growing India

Empire Realty - Nashik

India has been one among the popular nations to invest in property as it continues to adapt industrialization and modernization. According to research, India is the world’s second fastest growing economy and thus, it is appealing for investors to really put their money in India.

The real estate sector in India is sure to rise. Class A properties increase at an average of 8 to 12 percent each year and will soon rise as India continues to grow. Besides the fact that Nashik is one of the key cities in India that is developing, is a rich producer of various crops and berries. India also has some natural wonders that people from other countries would want to explore.

Major Information Technological companies started establishing their expansion offices in India. Nashik along with Mumbai and Pune has become the target of many companies for expansion because of secured environment and good weather conditions that is suitable for everyone. The need for modern architecture is needed to provide houses for employees who are not only native from India but also those from neighboring countries seeking opportunities in Nashik.

Commercial Spaces as well as Residential units are developed with innovation by developers who have been in the industry for years. Empire Realty focuses on fresh insights and ideas with complement of comfortable living. From the old and simple flats, most people prefer to live in high rise buildings along with other colleagues. With this, bonding with friends can be easier. Since the office is just within the proximity of your home, the time for rest and leisure is maximized. You do not have to spend hours in the traffic.

Simple residential units are evolving with complexities providing better living and luxurious lifestyle without having to spend most of your resources. Empire Realty provides world class amenities that you can enjoy when you buy homes from them. They also make sure that the whole place is secured.

Because the local government of Nashik prefers to preserve the natural environment while adapting industrialization, green building is practiced. Modern amenities in various buildings such as swimming pool and landscaped gardens are designed to welcome you from work. Because Nashik is the main producer of crops, the groceries and supermarkets sell fresh crops that you can enjoy anytime.

Living in Nashik, India and having to invest in real estate with Empire Realty is a great decision. Act now. If you will not buy today, properties will become expensive in the long run.

Uplifting the Lives of the People in Nashik and Investing with Empire Realty Properties

Empire Marvel - Nashik

Over the years, Nashik has become the center of growth. The city has accepted the challenge of modernization and started creating modern homes that go hand in hand with preservation of natural resources of the country. Nashik is situated in Maharashtra along the north western part just a few kilometers away from Mumbai and Pune which are considered major cities of Maharashtra. Because of various developments in Maharashtra, the prominent Mumbai-Pune-Nashik route has become the golden triangle as it continuously provides better opportunities for people and companies investing in these key cities.

Prominent companies such as Eklahare Thermal Power Plant and India Security Press, National Treasury Printing Press have established their companies in this area. The infrastructure of the golden triangle had been improved to welcome other investors in the city. With this, the population in these cities also increases as more people flock to these key cities seeking better career opportunities.

The Empire Realty development of the Thakker Belleza located just along the Gangapur Road in Nashik is among the residential projects that offer newly designed flats suitable for professionals and students. Because of its strategic location, investing in a flat in this project is promising. To complete luxurious living without having to spend a lot, Thakker Belleza offers various amenities to those who want to avail the units.

Thakker Belleza of the Empire Realty is proud to present grand master bedrooms designed with elegance and comfort. They are fully air conditioned to make sure you are comfortable despite the unexpected changes in weather in India.

Remember that Nashik is not only the center of development but also the wine capital of India. It is one of the leading producers of crops and therefore, crops bought in this area are guaranteed fresh. Besides from the various companies expanding in India, Nashik also has historical and mythological significance making it a great place for pilgrimage. This place is considered sacred by some religion.

The real estate industry in India is changing. Various developers are building innovative flats for those who wanted to live in Nashik. With the fast paced development of the nation, it has been the preference of most Indian people to live and start their family.

Nashik is has been declared the most promising city in India. It has good weather condition and the water supply is abundant. Anyone who wishes to live here will surely enjoy the weather. The local government regulates each flat to make sure that they protect the interest of the buyers. Because of its rapid development, opportunities are increasing and their lives are uplifted.