For the past few years - Kerala, the beautiful southern state of India is going through a real estate boom. This is the result of the fast development in the economy and the overseas remittance by the NRK's. Most of the realestate property investment goes mainly on construction of houses and business properties. Kerala real estate investment is proven as one of the most profitable investment for most of the people. The property prices have been increased in many folds in the recent times. The following article gives a brief look on the check list that may make your property more value and comfort to you when years pass by.
A) Accessibility Access to the real estate property is critically important. In kerala it is common that to find an affordable property with no direct road access. Quite often the only access may be through other properties. The access to the real estate property may be permitted by the adjoining holders. But this may invite problems in the future, which will eat most of your time, peace of mind and money. There are different types of access from public road to pavements and it is common in villages having foot path to the property not segregated with fence or walls. Before buying the real estate properties you have to make sure that it has deeded access to the property. If there are no properties between yours and the public road the fewer problems will arise. Without a deeded access you can hardly expect this investment making much margins in the future. Also you may find difficulty in selling off when you are in need of money.
B) Water availability Kerala has 44 rivers and a network of inter connected canals, lakes, ponds and other small streams. Still We depend on water for granted and more than 50% of keralites rely on wells for drinking and irrigation water. Though kerala gets good rainfall through out the year it faces acute water scarcity in the summer season. In towns the piped water also available along with the wells. In villages only very few real estate properties are hooked with piped or treated water supply. Depending on your investment plan you may need to make sure that the real estate property will have continuous and adequate water supply. If the real estate property has a well you may need to test the quantity, quality and availability of water. The quality of the water must be checked before you buy the property. This is particularly important when you are planning to stay in a congested place, since in villages the sewage disposal is through the septic system which in most cases may not be properly cemented. If there is no proven water supply you may need to consider digging well or bore well which costs thousands of rupees. It is better to have a study or consult and expert to know about the ground water availability and check the ground water levels in the adjoining plots through the year. This is very important if you are planning to live in that realestate property.
Page 1 of 2 :: First | Last :: Prev | 1 2 | Next
|