Wealth Clinic

How much money should I save up before investing in real estate?

When buying real estate, money is not the most important thing investors have to deal with. The most challenging part is figuring out how much money you need to invest in real estate and which options are available to people with different budgets.

Residential investment in India has gone up by a lot in the last few years, and it is going to keep going up. Property values have also increased when raw materials and labour costs keep going up. On average, a two-bedroom residential apartment that costs between Rs 40-45 lakh and Rs 60-70 lakh in 2013-14 now costs between Rs 60-70 lakh. In the last decade, home prices in the top seven cities in India have gone up by more than 40%, according to a report from an industry group.

People will have to pay more for real estate because the growth rate has slowed down. So, experts say that now is the best time to buy because the market is complete because of the COVID-19 pandemic, which gives customers more power to negotiate. Suppose you want to make the best money possible by investing in real estate. In that case, the most critical question is how much money you need to make the best capital gains and what options are available to people with different budgets.