Are you investing smartly in real estate?

BY: Pushpa Rawat, Magicbricks Bureau

Jeetendra from New Delhi says, "I want to purchase a plot. Can you advise me on the major things I need to know before making a purchase?"

Y Umesh Kumar from Noida asks, "I want to buy a residential apartment/plot in Roja Jalapur, Noida Extension. Could you please advise me if it is a safe place to buy?"

Like Jeetendra and Umesh, many consumers across the country are curious about the method of making a safe investment. The key elements to it are sound buying tips and factors to know before the purchase.

Follow the basic 5 W's for best search and purchase. Where, what, when, why and from whom you buy will impact your property purchase and also return on investment (ROI). Visit 'Guide to Buying a Home' (advice.magicbricks.com) to get a complete picture.

Some tips to help you invest smartly are:

Legal documents: Do a thorough study of the paper work and legal documents. All documents associated with the property should be registered on government records and the seller must have the receipts to further offer

Other documents: Check builder-buyer agreement, registration cost, maintenance deposit, charges of the parking space, original payment receipts and No objection certificate too

Neighbourhood plays an integral part. Check for proposed or planned social/physical infrastructure that will impact the future prices of your property
Opt for areas with a potential of high growth which in simple words mean capital gains
Magicbricks.com helps you explore a locality and further know well about the properties available, price trends, ratings, current prices and location advantages. Check advice.magicbricks.com

One needs to prioritise their property needs first and decide what housing type they want to invest in. Look for property housing options with features that will cater to you and your family's housing needs
Know your budget to help you decide the kind of property you can buy

Conduct a smart search on what your money can buy in your preferred or desired location.