Real estate is not a get-rich-quick scheme. It takes time, research, and careful decision-making. Veteran investor Someshwar Srivastava often says that patience is the single most important quality for success in property. Rather than rushing into deals, waiting for the right moment, and letting your investments grow steadily can lead to better long‑term gains.
In this blog, we explore why Someshwar Srivastava places such a high value on patience, and how you can apply his wisdom in your own property journey.
1. Understanding Market Cycles
Every real estate market moves in cycles. Prices rise, then stabilize, and sometimes dip before rising again. As Someshwar Srivastava explains, trying to buy at the absolute bottom or sell at the absolute top is nearly impossible. Instead, recognize these cycles:
- Expansion Phase: New projects start, demand grows, and prices go up.
- Peak Phase: Growth slows; prices level off.
- Contraction Phase: Oversupply or economic factors cause prices to dip.
- Recovery Phase: The market stabilizes and begins to rise again.
By patiently observing these phases, you avoid panicking during peaks or rushing to sell during dips. Someshwar Srivastava advises tracking local news on infrastructure plans and job growth to identify where the market sits in its cycle.
2. Letting Value Accumulate
Real estate often rewards long‑term holding. A home or plot of land gains value slowly but surely. Someshwar Srivastava points out several reasons for this steady appreciation:
- Inflation: As the cost of goods and services rises, so does land value.
- Infrastructure Growth: New roads, schools, and hospitals in the area boost demand.
- Urban Expansion: Cities spread out, making previously remote areas more valuable.
When you hold a property for five, ten, or even fifteen years, these factors combine to increase its worth. Patience allows you to capture this compounded growth. According to Someshwar Srivastava, a property bought at the right location in 2010 can be worth two or three times more by 2025—if you wait.
3. Avoiding Emotional Decisions
Real estate can stir strong emotions. A sudden market dip might trigger fear. A news headline about skyrocketing prices might spark greed. Someshwar Srivastava warns that emotional decisions often lead to mistakes. He recommends adopting these patient practices:
- Stick to Your Plan: Set clear goals—rental income, resale profit, or long‑term ownership—and follow them.
- Take a Cooling‑Off Period: If a property excites you, sleep on it for a day or two before making an offer.
- Consult Experts: Talk with trusted agents and legal advisors to get a reality check.
By slowing down and thinking calmly, you reduce the risk of overpaying, buying in a bubble, or selling at a loss.
4. Timing Renovations and Upgrades
Buying is only half the journey. Renovations and upgrades can raise a property’s value significantly—but only if timed well. Someshwar Srivastava shares his approach:
- Research Demand: In some areas, modern kitchens fetch better rents. In others, adding a bathroom pays off.
- Match Market Expectations: Don’t over-improve. A 1 BHK flat in a budget zone may not need luxury fittings.
- Phase Work: Spread upgrades over months or years, aligning spend with rental income or savings.
By patiently scheduling improvements, you avoid overspending and ensure each upgrade adds real value.
5. Building Relationships Over Time
Real estate is as much about people as it is about property. Someshwar Srivastava emphasizes forming long‑term relationships:
- With Developers: Good builders may offer repeat buyers better deals on new projects.
- With Tenants: Keeping reliable tenants for years reduces vacancy costs and legal hassles.
- With Advisors: Lawyers, agents, and contractors you trust can spot opportunities you miss.
These connections grow stronger over time. Patience in nurturing relationships leads to smoother transactions and preferential treatment.
6. Case Study: From Patience to Profit
Consider a simple example from Someshwar Srivastava’s own experience. In 2012, he bought a small flat on the outskirts of a growing city. At that time:
- Infrastructure plans for a new metro line were only on paper.
- Nearby areas were mostly farmland.
Many peers laughed and said, “Too risky.” But Someshwar Srivastava trusted his research. He held the property for eight years. By 2020:
- The metro line was complete.
- Schools and shopping centers opened nearby.
He sold the flat for three times his purchase price. His secret? He waited patiently for the market and local development to catch up with his vision.
7. Patience with Paperwork and Legal Checks
Real estate deals involve a lot of documents—title deeds, encumbrance certificates, builder approvals, and more. Rushing through paperwork can lead to legal troubles later. Someshwar Srivastava recommends:
- Verify Titles Thoroughly: Check 30-year history for any claims or disputes.
- Review Builder Credentials: Ensure they follow RERA rules and have a solid track record.
- Take Time on Due Diligence: Allocate weeks, not days, to gather all necessary clearances.
Patience in these checks protects you from fraud, delays, and future disputes.
8. Waiting for the Right Financing
Not all loan offers are equal. Interest rates, processing fees, and prepayment penalties vary across banks. Someshwar Srivastava advises:
- Compare Multiple Lenders: Take time to get quotes from at least three banks.
- Negotiate Terms: If you have a strong credit score, ask for lower rates or waived fees.
- Lock in Rates at the Right Time: Watch market trends; lock rates when they are low.
A patient approach to financing can save lakhs of rupees in interest over the loan’s life.
9. Long-Term Vision Beats Short-Term Gains
In a world of quick profits, real estate demands a longer view. Someshwar Srivastava sums it up: “I think in decades, not months.” A property might give a small 5% gain in one year. But over ten years, that adds up to more than 60% growth. Compounding works best when you let it run. Patience turns a steady 6% annual return into a major wealth boost over time.
Conclusion
Real estate success doesn’t happen overnight. According to Someshwar Srivastava, patience is the investor’s best friend. By understanding market cycles, letting value accumulate, avoiding emotional decisions, timing renovations, building relationships, handling paperwork carefully, choosing the right financing, and thinking long term, you set yourself up for greater rewards. Next time you feel rushed or uncertain about a property move, remember Someshwar Srivastava’s wise words: “Good things come to those who wait.” Embrace patience, and watch your real estate investments flourish over the years.
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