Why Real Estate Industry in India is Ripe for Disruption in 2015

As we round out 2014 with a slew of predictions about entrepreneurial innovation in the year to come, there’s one industry that’s virtually always  overlooked in these discussions– real estate industry.  Nevertheless, mark my words. The industry of real estate property is on the brink of disruption.   Though one of the oldest industries in the Indian real estate such as both commercial as well as residential real estate has lagged behind other industries in terms of innovation, particularly when it comes to adopting and advancing technology  In fact, it has been argued that the both residential as well as commercial real estate industry of India is in the same place that the financial services industry.   Thus, there’s a huge opportunity for real estate investor and builder to enter the market to transform everything from how a transaction is done in the manner and method that critical information is accessed.

Where are the specific areas we should expect to see the greatest change?

  1. Better transactions- At the end of the day, both commercial as well as residential real estate is about closing deals—the smoother the process the better.  Fortunately, there is a host of technology and some multinational companies working to provide brokers with tools to make these transactions easier to track, monitor and execute.  One major player is Cosmic India, a leading real estate company in India that has quickly found traction for both commercial as well as residential lease comp information, data that was not previously published or made publicly available.

  2. Improved process management- When it comes to both commercial as well as residential real estate development, finding the right vendors and keeping the project on track can be real challenges. That is why companies like Cosmic India, are generating so much buzz.  Honest Buildings increase efficiency by connecting real estate developers and owners with vetted architects, contractors and other vendors.  Rather than rely solely on word of mouth, businesses can now choose based on past performance, availability, broad reviews, and of course price.

  3. Information aggregation and sharing- Perhaps the area where there’s the greatest likelihood of disruption involves information and facilities available – which in many ways are the backbone of the industry where listings and deals are constantly changing.  Having timely access to information can significantly help all parties involved—from the broker to the client. Cosmic India a leading real estate company in India has also played a role here by aggregating and sharing real estate information that is otherwise hard to locate, difficult to compile or unavailable

As the both commercial as well as residential real estate industry in India continues to grow and evolve, it will be interesting to watch how continued transparency and investment in technology impacts the industry and changes how business is conducted.  With both commercial as well as residential real estate poised to bridge the technology gap and with technology companies ready to produce innovative solutions to today’s, I predict that 2015 will finally be a year of real, measurable change for the industry.

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Does Brand Names Really Matters in Real estate Property Investment in India

In the world of retail, fashion and real estate, brand names make a giant difference. When customers pick a product, asset or real estate agent, what are the significant determining factors do they consider? Most of the customers saying that the brand name has a major impact on their decision making process. Sometimes big brand names get a dire repute for being high-priced, even though consumers buy the products from top brands than labeled one even if it is cheaper.

For example, in the present market purchasing a computer with small outlet is the easiest way to save money, although customer wishes to buy name brand computers.

If you are a sincere buyer or seller in the real estate property in Indian market, how much does brand matters when picking a realty agent?

In an aggressive market, many real estate property developers and investor are getting happy over branding, adapting new models, parameters and images of Indian real estate Industry. But real estate investor and builder across major metro cities such as Delhi NCR, Mumbai, Banglore, Hyderabad and Kolkatta say that the importance of branding is varying rapidly. The brand name may not help a consumer to hire a real estate agent and some evidences suggest that branding is not so important.

What every customer really cares about is services provided, they just want to know they were getting the same disclosures or not, not the brand name. In today’s market, smaller real estate property industries also offer great services as the environment is less company.

Real estate investor and developer analysts and experts say that as the technology is increasing rapidly, customers can access real estate property information on the internet itself without taking any real estate property agent or third party’s help. Real estate property investment has emerged as the most preferred investment instrument in India.

Even though, In India many of the first time real estate property buyers and sellers who had no experience in purchasing  are arguing that branding is more important than ever because the Indian customers believe that brand name companies are more trusted, mainly those who are offering top indentation services and facilities.

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10 Tips for New Real Estate Investors 2014

Many property investors today want to add real estate to their investment portfolios, but they don’t understand the complex nuances of real estate property investing in India or how to begin the process. Real estate property investing in India is substantially different from investing in stocks, bonds, and CDs, and it can seem overwhelming to brand-new investors.

1. Real estate property investing in India is a business, and you should treat it as such. Start by developing a good business plan, detailing the nuances of starting and running your business, with realistic goals over time frames of one, three, five and 10 years.
2. Check your credit report to determine your ability to finance investment property.
3. Find a good bank or mortgage broker in your area if you’re financing your investments. Real estate agents who belong to the National Association of Realtors and must adhere to a code of ethics are good sources for recommendations, or you can ask other investors whom they’ve used.
4. Determine the best areas to look for real estate properties investment. Some new property buyer and seller make the mistake of limiting their search to areas close to their property. But often better rental areas may be located a little further away.
5. Talk with other real estate investors about local real estate industry. Join a real estate club in your area. Real estate clubs are great places to network with other investors, lenders, and repair service providers.
6. Consider multiple sources for buying or selling real estate properties. New investors may think they can only buy or selling homes through their local Multiple Listing Service, or by banging on doors in run-down neighborhoods looking for distressed sellers.
7. Spend time reading about real estate property investing market.  A tremendous amount of free information exists today online about real estate property investing. When purchasing a book, look for those that offer practical guides on buying, flipping, renting, and selling properties.
8. Find a good Realtor to help you locate properties. Not all Realtors are experienced or even adept at helping investors.
9. Look for a return greater than 1% per month of the sales price. An old maxim of real estate expert says that a rental property yielding 1% of the sales price per month is a good deal.
10. Learn from the best. To achieve success, model your investing decisions over what other successful real estate property investors in your area have done.

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10 Real Estate Tips for New Landlords

Generally, some of the real estate investors are also the landlords and property managers. Some investors feel that this is one of the best ways to know what real estate investing is all about. At the initial state you are excited but later the headache of managing all the things starts giving you pain. But there is no need to take tension as there are some important and useful tips for all new landlords to manage their things in the proficient manner.

Cosmic India

1. Be patient with your tenants: Some tenants are just great and gives no tension and on the other hand some tenants are impossible to deal with. Constant nagging with the tenants can irritate you. So, ensure that you will have all the important things cleared with your tenants to avoid any misunderstanding in the future. 
2. Property management: It is important for you to manage your property and its surrounding area. So, make all the rules and regulations in advance only. Also, ensure that all your tenants are following these rules. Believe us; this will give you a great relief.
3. Don’t be a bad landlord: Don’t be a bad or rude landlord. You should always use good words and language with your tenants. This will help you to connect with them easily and your tenants will also treat you as your family. So, avoid using bad and rude words with them.
4. Land lording as a business: It is important that you should treat land lording as a business. In fact, all the things should be done in legal ways. All the legal procedures should be followed.
5. Try to get a good state-specific lease and make sure that your lease is clear regarding all expectations that you should have for your residents' responsibilities.
6. Just have believed in you and do not trust with anything that is on the rental application. Before finalizing anything, it is important for you to verify all the paper and documents.  
7. Properly screen the applications of your applicants. It is important to check all the documents provided by them. Also, ensure that they do not have any criminal record. Today, police verification is very important. So, you should register all your paper and documents with the police.
8. If you have a new building or apartment, then it is important for you to advertise about it in the market. Just make some posters and stick them on the walls or you can also give an advertisement in the newspaper.
9. Do not give up in any difficulty and problem. Try to sort the problem and find solutions for all your problems.
10. Last, but not the least maintains good relationships with other landlords and property agents so that you can get any help from them. 

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Top Tips to Get Started in Real Estate Property Investment

Investing in real estate property often turns out to be the most profitable business decision one ever made. But it is not child’s play. There are so many critical aspects that need to be considered while researching and deciding on a property you are interested in purchasing.

Here is a step by step tips on how to get started in real estate property investment.

Get Your Loan Pre-approved

If you need to take a property loan from a bank or a financial institution, you need to ensure that you are eligible for it first. Most banks have an eligibility criteria depending on the loan amount. Research the loan rates and conditions of different banks, compare them and finalize on one of them. You might have to show them your income statements to verify that you are indeed eligible for a property loan.

Cosmic India

Fix Your Budget

First for fixing your budget before thinking about your purchase, you need to figure out how much money you can invest right away. Many people skip this step and end up buying properties that they really can’t afford. Take some time to check your finances and set a budget for your real estate investment.

Identify Your Income Sources

While you are finalizing your real estate budget for buying any property, you also need to note down where you will be getting the money from. Can you dilute some of your other monetary investments? Will you have to take a loan? Do you have an inheritance you can rely on? Answering these questions will help you identify all the sources where you can get the money for your property purchase.

Identify the Location

Before you start looking at individual properties, you’ll have to decide on which locality you’d prefer to invest in. This decision will also depend on the budget you’ve set apart for your property. Properties in the heart of key cities will cost more than those on the outskirts. So, consider the property price in the locality before you finalize on it.

Decide on the Type of Property

You can choose to buy a plot of land, a commercial building, a single apartment, a villa or even an office space. Think about what kind of property you’d like to invest in, and then go forward. It is imperative that you have a clear idea of what you’d like to do with it in the future before you make your final decision.

Negotiate the Price

Once you’ve finalized your property, negotiate the property price with the seller. Most of them offer deals and discounts if you are willing to pay a bigger down payment. Take a look at what the prevailing property rates are in that area, and use those facts to negotiate the price and terms of sale with the seller.

Seal the Deal

If you are satisfied with the price, and terms of the sale, you can go ahead and seal the deal with the seller. A legal agreement will have to be signed by both parties to ensure that the sale contract is finalized. You can check our article on how to register land in Kerala, and follow the steps outlined there to proceed with your purchase.

Start Researching Properties

This is where the real property hunting begins. Pick a few properties that catch your fancy and research them thoroughly. You can check a few online real estate portals, ask local brokers, and even friends and relatives who might have some prior experience in buying a property in that locality.

Finalize the Property

Based on the results of your research, you can then finalize on a property that suits your budget and has all the amenities you require. You do not have to make a hasty decision, though. You can sort out your options and take your time before making your final decision.\

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Growth of Real Estate Sector in India,
Why invest in India’s Real Estate Market?


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