According to a Money Control article, real estate prices in India are expected to rise by 10-15%. The lull during the pandemic has changed, and there is an increase in property sales in larger cities and tier 2 and 3 cities because of job creation and overall increased income. With rising costs, the type of funding one will impact all investments. Banks will only lend you money if you have a good credit score, and not everyone has capital funds to invest. However, this does not necessarily prevent one from investing in real estate. What matters is that you have a plan to achieve your objectives. Instead of aiming in the dark without a clear goal in mind, it is always about the ultimate goal first and then backtracking to smaller steps to achieve that objective.

Everyone’s specific life goals are to have enough money, good health, and happiness. How do you use the resources you have to accomplish these simple goals in life? How, in particular, does one invest in the right property not to live in but to generate a consistent monthly income? Perhaps even build generational wealth in the form of property investments. Some people want a large house to live in because society has taught us that everyone needs their own home, which is the ultimate goal. It could be an apartment or a villa. Some people invest in real estate to make money month after month. Others might want it all, a house in the city, multiple rental properties, and a vacation home of their choice. Furthermore, how can you train your mind to recognize a property that will increase in value in the coming years but appears to be a risky investment now? 

Before you get into the real estate market, you must understand the type of investor you wish to be. There are four basic types

The Safe Player: The Safe Player is the owner of their home. Their primary goals are to purchase their first home and save for retirement. They do not take risks because their risk appetite is low, and they prefer to keep it that way. When they consider investing, the risks will always outweigh the benefits. Month by month, they make progress.

The Moderate Investor: The Moderate Investor will typically own their own home and one or two additional properties. They play it safe, but they move forward by investing in a different property with calculated steps. The second property always serves as a safety net, ready to be disposed of if there is a family requirement or urgency and knowing that they will be paid back in full keeps them secure.

The Risk Taker: The Risk Taker is fearless and open to new possibilities and opportunities. They have an eye for detail as well as the foresight to predict future returns on a specific piece of property. Money is not something they believe should be saved and deposited in a bank for a rainy day. Instead, they use the money to buy more, invest more, and explore more.

The Full-Time Investor: The Full-Time Investor breathes, eats, and sleeps real estate. They have extensive knowledge in the field and are constantly looking for opportunities to take faster actions that will result in significant results. Fear of losing or making the wrong decision is never what holds them back. It is always about putting themselves out there to dabble in their volatile real estate market with courage and determination to find the best investments.