We, at Myra & Co., believe in the following saying-
"The only certain means of success is to render more and better service than is expected of you, no matter what your task may be."-Og Mandino
Keeping this in mind, we have been able to redefine the service standards in the highly complex realty space & set stupendous professional benchmarks in this domain which has been dealt conventionally unprofessionally till date.
Strongly guided by the core values of "customer satisfaction" which is fundamental to our business, we are committed to deliver pre- and post-sales services of the highest quality. Our expert, invaluable & perennial support to our clients helps them in making prudent investment decisions about the existing & upcoming prestigious projects across our operational peripheries in order to garner windfall gains.
Buy, Sell, Lease, Invest - We aim to deliver a complete value-interface between the property investors and real estate markets and developers in our operational area of Delhi/NCR and become a preferred partner for all types of real estate deals in the country.
Real Estate Investment involves the purchase, ownership, management, rental and/or sale of real estate for profit. Capital appreciation as part of a real estate investment strategy is generally considered to be the major investment driver besides usual consumption driven purely by basic human need for a shelter. Real estate is an asset form with limited liquidity relative to other investments. Also, it is capital intensive (although capital may be gained through mortgage leverage) and is highly cash flow dependent. If these factors are not well understood and managed by the investor, real estate may turn out to be a risky bet no matter how lucrative a proposition seems.
Identification, evaluation & management of risk via various professional risk-mitigation approaches is crucial for any successful real estate investment strategy. Risk occurs in many different ways at any stage of the investment process. Below is a tabulation of some commonly known risks and typical risk mitigation strategies adopted:
Verify Ownership, Purchase Title, Insurance
Obtain a Boundary Survey from a Licensed Surveyor
Obtain Environmental Survey, test for contaminants (lead paint, asbestos, soil contaminants, etc.)
Building component or system failure
Complete full inspection prior to purchase, perform regular maintenance.
Overpayment at purchase
Obtain third-party appraisals and perform discounted cash flow analysis as part of the investment pro forma, do not rely on capital appreciation as the primary source of gain for the investment.
Maintain sufficient liquid or cash reserves to cover costs and debt service for a period of time.
Purchase properties with distinctive features in desirable locations to stand out from competition, control cost structure, have tenants sign long-term leases.
Tenant destruction of property
Screen potential tenants carefully, hire experienced property managers.
Underestimation of risk
Carefully analyze financial performance using conservative assumptions, ensure that the property can generate enough cash flow to support itself.
Purchase properties based on a conservative approach that the market might decline and rental income may also decrease.
Fire, flood, Personal Injury
Insurance policy on the property
Plan purchases and sales around an exit strategy to save taxes arising out of primarily Capital Gains.