.png)
Residential
1. Market Research
It is vital to examine and scan the market before making any big investment. Investors should learn about demand-supply, potential demand, future market movements, and other factors to estimate the likelihood of appreciation. They should also look into the state of the physical infrastructure, neighboring projects, business/IT parks, business catchments, and social infrastructure, among other things. Detailed market research can provide an excess of information to investors.
- Define the problem.
While each phase in this process is vital, We believe this is the most crucial because it is here that you establish the groundwork for the remainder of your marketing research. Before you begin your marketing research, you must first determine the problem you're attempting to solve. Establishing your study objectives is the first step in the process. During this step, developing questions that will help you properly define your problem is really important.
- Develop Your Research Plan.
It's time to build and design the research plan once you've determined what problem you're trying to solve. You can use a variety of methods in your research strategy. Consider the following methods for conducting your research to keep your expenditures down.
- Make a survey (We use SurveyMonkey and think it works well).
- Perform website testing. Simple testing and evaluating your metrics, such as Google or HubSpot analytics, can teach you a lot. Depending on the problem you're trying to address, simple A/B testing can go a long way.
- Look up information on the internet. The most important thing to remember while conducting a regular Google search is to be sure that the sources you're accessing are reliable.
- Collect Relevant Data And Information.
Whenever you've begun gathering information, double check that it's precise and fair-minded. To collect meaningful data from all angles, combine the strategies indicated above.Insightful/logical information, as well as profound information that you were unable to get by taking a gander at a chart, would be magnificent to gather. Personal stories, in my experience, can provide a lot of the information you need.
- Analyze Data And Report Findings.
It's time to investigate the information when you've got obtained it. it is vital to look for trends instead of individual bits of knowledge once doing this. once you are reviewing your knowledge, do not hunt for patterns supported previous assumptions you created before gathering the information. It's dead fine if your hypothesis is wrong. that is why you are doing tests instead of looking forward to assumptions. simply check that you do not skew the information to create it seem as if you were correct right along. it'll not lead to any positive effects.
- Take Action.
Your investigation is over. It's time to present your results and put your discoveries into action. Begin planning marketing campaigns.Put your exploration under a magnifying glass and begin! The main point here is that, while this pattern of study is finished, it isn't yet wrapped up. Your investigation should never come to an end. You should always be reviewing your statistics to discover where you can improve frequently. Trends are subject to change over time. Just because you've discovered a pattern doesn't mean it'll stick around indefinitely. Always conduct thorough research. Your marketing efforts will be more successful if you know more about your buyer profiles, industry, and organization.
Some individuals add more steps to the marketing process, but I believe these five are the most important.
2. Geographic diversification.
It is preferable to invest across geographies rather than specializing in one market if one is buying multiple properties. Regional differences persist in a country like India, not with standing overall trends. As a result, investing in multiple geographies can help to limit risk while also ensuring a larger return on investment. Before investing in several geographies, it is advisable to conduct thorough research and gain insight into specific geographies' prior performance.
- Understanding Geographical Diversification
Geographic diversification, like general diversification, is based on the idea that financial markets in different parts of the world aren't always highly associated. For example, if stock markets are falling due to recessions in their economies, an investor may shift a portion of his or her portfolio to emerging economies with stronger growth rates, such as China and India.
Asset diversification is the process of distributing one's investable capital among multiple asset classes to better manage risk. Harry Markowitz, one of the world's most well-known economists, was the first to coin the phrase.
3. Developer credibility check.
Buying your dream house is a once-in-a-lifetime opportunity. Your desire for the ideal home, a lifetime's worth of investment capital, and the possibility of a profit are the ingredients needed to finally comprehend this ambition. As a result, it's vital to ensure that the property you invest in is of first-rate quality in terms of planning, development, and legal and technical status.
If you're looking to buy a flat, you'll want to make sure the builder you choose is reputable. There may be an excess of builders to choose from, but selecting the right one can be a difficult task.
Here are some points to check the credibility :
- AN EVALUATION BASED ON CURRENT OCCUPANTS' COMMENTS
When buying a home from a certain builder, this is the most reliable type of validation. You can contact the occupants to learn more about the developer's liability and obligations. The said developer may have other ready or delivered projects that are now occupied.
The developer's dependability in handing over possession on time, the advancement of the vision to a real-world ready project, post-inhabitancy, maintenance, and so on are some of the checkpoints you may look into to learn more about how they perform and deliver on their promises.
- VISITING ONLINE RESOURCES
There is a slew of complaint portals where customers may air their grievances about developers and home purchases. Some web research will assist you in determining if these are true and understanding where a developer stands.
- VISITING SOCIAL MEDIA PAGES ONLINE
If you look through a developer's social media profiles, you'll learn a lot about his client relationships. There may be several surveys, comments, and evaluations that you can look into to determine the developer's credibility. There may be a lot of fake records or random consideration seekers, but combing through them will help you gain a better understanding of how the developer works.
- PARTNERSHIP WITH VARIOUS ORGANIZATIONS
There are a variety of specialty groups and associations that give memberships and allow a developer of a specific category to participate. You can look for these associations and learn more about the developer's relationship with them from him. These organizations typically screen out the greatest developers, supporting you in determining the developer's market standing.
- APPRAISALS, RATINGS, AND AWARDS
Numerous organizations, including LEED, IGBC, GRIHA, CREDAI, and others, rate projects and structures based on a variety of characteristics and quality-related parameters. These rating frameworks generally investigate a venture thoroughly before evaluating it, thus a developer whose activities are credited by these frameworks is a trustworthy one.
Apart from that, looking for award-winning developers and projects will help you think about different developers and where they stand in terms of quality and service delivery.
- HOW DO THEY REACT TO CRITICISM?
Despite comparison and criticism, a respectable and reliable developer stays steady and tall, and never avoids responding to its stakeholders about its genuineness.
4. Your time horizon
A time horizon refers to the length of time you want to keep an asset before selling it. A time horizon can also refer to the amount of time it takes you to reach a financial goal, such as retirement. The time horizon is significant because it determines how much you need to save or spend to achieve a specific objective.
Some financial objectives are easier to attain than others. Fortunately, you have a variety of investment opportunities to select from, including both short- and long-term gains.
Your investment's time horizon or timeline can range from a few months to decades, depending on your age and your progress toward your goal.
