Choosing the Right Location

Chapter 03

Choosing the Right Location

Should one invest in big cities?

When investing in a big city, keep a few things in mind. If you are purchasing for self-use, buy in a neighbourhood that has all the conveniences that you require and also has good accessibility to the rest of the city.

Even in premium localities, if you keep searching, you will find properties that suit your budget. If you cannot afford the premium rates, look for a locality on the fringes of your area of choice. This will have all the advantages of proximity to the main locality but sport lower price tags.

If you are investing in a new property in a virgin corridor where development work is yet to begin, before infrastructure comes into the new corridor, prices are very low. Once infrastructure work begins prices rise by about 25 per cent.

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