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Tips for Investors of Real Estate Projects Sep15

Tips for Investors of Real Estate Projects...

CB Richard Ellis, one of the world?s largest real estate consulting firms, brought out a press release in which the Anshuman Magazine?s Managing Director spoke about the real estate purchase. He said that because of the domestic demand driven market, the recent developments in the international front will provide good opportunities to homebuyers to fulfill their aspirations and invest in real estate projects. The recent global meltdown has created attractive investment options with the correction of prices in various real estate projects. This has made investment in property more accessible for India?s huge middle class. Anuj Puri, Chairman and Country Head of Jones Lang LaSalle India, says that middle income residential property projects make a lot of investment sense. While this is good news, he also cautions investors to avoid putting money into projects that are in the early stages of completion since these could be plagued by delays. He also advises investors to opt for real estate projects that are ready or almost ready. Types of Real Estate Projects The following are the two types of real estate projects that one can invest on: Housing Housing is an integral part of property projects in India. As disposable incomes have increased and the concept of low cost housing has emerged, Indians have started improving their lifestyles. Not only are people upgrading their homes, they are also buying ?second homes? as investments. Economic slowdown coupled with unavailability of funds has led developers to slash costs and offer other services, such as parking for free. As demand steadily rises for housing, consumers are rushing to get the best deals available. Commercial and Retail In an interview published on August 24, 2011, Anshul Jain, the India CEO of DTZ, the global property advisor, told Nivedita Mookerji of...