A common question is what ticket size I should go for my property.

I have even seen numerous situations,Ā 
Where young adults are looking to buy apartments worth 50-60L, plain vanilla ones, and even situations of people buying Villas for 5-6Cr.
Is one better than the other?
Is there a good range to go for?

The most straightforward answer is:
It will widely depend on four things:

Simply just saying that you shouldnā€™tĀ go for flats would be wrong.

Why?

Is there a rough idea to focus on?
I am very clear about the Goa Market. So, I will base my idea on the market here.
The exact property type would cost at least twice as much in Tier-1 or Tier-2 cities.

So, do your thesis according to the location from which you want to buy.

Ticket Sizes in Goa

Letā€™s look at five different ranges.

This should cover the majority of the cases:

75L - 1Cr

|800

1-2 Cr

2-3 Cr

3 - 4 Cr

5Cr+

The bottom line is:

This can be seen from the graphic below, luxury Real estate is picking up.

|400

The more premium your property is (the more unique it is), the better the prospects.
How do you identify such properties?

Source

Thoughts šŸ¤” by Soumendra Kumar Sahoo is licensed under CC BY 4.0