“I was an accidental investor in the real estate sector,” rues Vivek Nair. “I was looking to move my family into a better home, but the project in, which I bought a flat, was delayed by almost a year and in the meantime, I got married.”

He further stated he was focused on it and his better half was more than happy to stay at my current residence at Kalyan. The idea of using the property popped up during one of our family meetings and it is continuing with some calculated risks.

Sharing his experience of investing in property market, Nair said, “Confidence in the real estate market has shaken heavily in the last two to three years. I have been investing in it for the past six to seven years. Though returns have been marginal, off-late expectations of good returns has been hampered. With very few expertise, my decision to invest was completely accidental.”

“My initial investment did pay off good to my expectation. It fetched me Rs12 lakh after deducting my major expenses in regard to loan, registrations.” 

Nair further stated, “It becomes a habit once you are into the mode of investing. After disposing my investments in Kalyan and Kerala, I invested the amount in Navi Mumbai. As of now, the sale options or deals that have come, is not in line with my expectations. However, as the infrastructure in Navi Mumbai is all set to pick up, I expect substantial returns in the next three to  four years.”

Further sharing his investment journey, he said, “My experience says approach and patience are very important to stay invested in the real estate market. You do come across certain pain points, which are uncalled for and other stories. but if you are focused, I guess you will reap benefits.