Forget Fancy New Homes—This Is How You Score Big 🏠💰
Hey!
We’re almost at the end of 2024! So here’s the annual reminder to get a headstart on your New Year's resolutions :)
And with that, take a look at what’s to come in this very mindful, very demure monthly newsletter edition!
Here’s what’s in store for you:
Monthly Market Review - September 2024
Hack To Buy More 🏠 For Less 🤑
Binge Of The Month
3.5 Minutes of Pure Brain Fuel 💡
‘Sup with the market
November was like a yo-yo for the Indian markets, with benchmark indices Sensex and Nifty swinging wildly between gains and losses. I’d blame stretched valuations, and foreign investors hitting the sell button consistently.
Adding fuel to the fire🔥 were global headwinds—rising tensions between Russia and Ukraine, ongoing Middle East conflicts, the U.S. presidential elections drama, and India’s own Assembly elections. All this uncertainty left investors scratching their heads over the market's next move. 🤷♂️
Despite the chaos, the Sensex wrapped up the month with just a tiny dip of 0.27%, while the Nifty managed to close slightly higher at 24,131.10 (up 0.85% from October). Thanks to solid support from domestic institutional investors and a breather in FPI selling, the markets held their ground better than expected! 💪📈
Hack To Amp Up My Property Game
I know that makaan is an immediate priority after roti and a truckload of kapda for most of you, LOL! If you’re eventually gonna get there, I have a quick metric to consider before buying a property.
Don’t @ me but the easiest way to buy a house for a cheaper cost is to buy a slightly older one. If you happen to chance upon an older property to buy, regardless of wanting to occupy or rent, consider choosing properties where the per sqft cost of the Undivided Share of Land (UDS) is higher than the per sqft cost of your built-up area (space).
A higher UDS per sqft cost might seem like a premium upfront, but it’s actually a blessing in disguise for older properties because land appreciates while buildings depreciate with time. The larger your share of the land, the better positioned you are to ride the wave of property value appreciation over time. In a market where land scarcity continues to grow, owning a greater piece of it is like gold in your portfolio.
Another key advantage of a higher UDS is the leverage it gives you in redevelopment opportunities. If the property ever goes into redevelopment, your larger land share ensures better compensation—whether that’s a more valuable replacement unit, monetary returns, or additional benefits offered by developers. In high-demand urban areas, this can be a game-changer, especially when the building ages or needs structural upgrades.
This is not a hard and fast rule, just food for thought!
🔖 Binge of the month
I recently watched Man On The Inside on Netflix and OMG it is such a cute little feel-good series💖 Spoiler alert: it does give you strong The Intern vibes but it’s definitely binge-worthy and felt like a warm hug to soothe my soul in this weather 🥰📺
🍸 Cocktail Pe Charcha
Is it too overwhelming to research & plan your investment? Say no more, we can personally guide you into mixing the perfect financial cocktail to manage your money!
"Land’s the only thing that lasts," they say. And when it comes to property, that’s the part you’ll want to own more of. A higher UDS means your investment isn’t just tied to a building that will eventually need repairs, but to a plot that keeps growing in value. Think of it as locking down a piece of the city’s future while everyone else is busy fighting over bricks and mortar.
To Very Mindful, Very Demure Decisions🥂
Sayali❤️