In the dynamic Indian real estate market, investment decisions have traditionally hinged on factors like property prices, location, and construction timelines. However, a leading real estate advisor is challenging this notion by urging investors to focus on an unexpected yet significant indicator.
Aishwarya Shri Kapoor, a real estate expert, suggests that if you want to discern whether a real estate project will succeed or fail, don't just ask for the floor plan; instead, inquire who is purchasing the parking. In a viral post on Threads, Kapoor argues that while most buyers concentrate on prices and possession dates, the 'real indicator is parking.' According to her, the speed of parking sales can reveal whether buyers are end-users or mere investors, and whether their intention is to hold onto the property for the long term.
Kapoor writes, "Not the price, zoning, or carpet area. What's the most overlooked indicator in real estate? Parking." For Kapoor, parking spaces are more than mere concrete slabs; they are subtle indicators of what buyers truly believe. She explains, "The speed of parking tells you how many buyers are end-users, how many plan to rent out, and how many expect to hold long-term.
Kapoor elucidates that if you are looking at property in an area where roads, metro, or major markets are still far from completion, yet people are swiftly purchasing parking spaces, it’s a great sign. She mentions, "When parking sells out fast," it signifies that investors have full confidence in the future of the area. This demonstrates that people believe the area will improve and property prices will soar.
Meanwhile, Kapoor warns that if fully developed areas still offer discounted or free parking with flats, it sounds an alarm. This could indicate a lack of genuine buyer interest, or the area might be teeming with investors expecting immediate rental returns, potentially indicating lower-quality tenants. Kapoor asserts, parking isn't about today. It's about who will stay tomorrow.
She advises, "Next time you explore a new project, don’t just ask for the floor plan. Inquire who's buying additional parking and for what type of cars."
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