Why You Should Invest in Real Estate in India?
There was a time when investing in real estate was considered a luxury and not a necessity but in this age of fast-paced life, expensive lifestyle and globalisation, scoring a second or multiple properties is seen as a secondary source of income and a worthy asset. It has also become a favourite of investors due to the rapid development and sky high demand in the market which leads to a sharp rise in return on investment on these properties. Here's a few more reasons why putting your money in real estate is the safest bet today to make it grow consistently:
The rental benefits on any extra property is huge and can prove to be a good source of income. Even if you have acquired a loan to purchase the property, you can pay the EMI from the rent generated on a monthly or quarterly basis. In a way, the property pays for itself and you gain an asset too.
2. Development Benefits
It's not a secret that the price of a property rises when there is a development boom in the vicinity. Any upcoming amenities or infrastructures like schools, hospitals or corporates can make your property high in demand due to new employment opportunities that are sure to grab the attention of crowd. If your property gets acquired by the government for any forthcoming project, you get a good value for it which proves your investment to be far more beneficial than you expected.
3. Tax Rebate
Investment in properties like farmland can gain tax benefits too. You can enjoy the exemption from GST and Income Tax for owning the property which will give you a high return in the coming future.
4. Time Consistency
You could retain the property with your family for generations to come and continue to enjoy its ever rising prices turning it into a fortune. It could be a legacy that your family can enjoy for a long time to come.
5. High Return Yields
A real estate property will never let you down when it comes to reap the results with the invested amount. It continues to grow as development in the country doesn't stops. The capital price increments constantly even if you put the property on rent.
6. Retirement Home
Plan early for old age and buy a retirement nest where you could spend life in peace while getting prosper day by day. Even if you wish to sell it, you can invest the amount in a new property for the same amount of money depending on your desired location and intention with the purchase.
7. Budget Friendly
You don't have to be a billionaire to buy a property. It suits every budget and by far, it is the best investment option for anyone who is looking to grow their money over the long term. Whether you invest in a residential, agricultural or commercial property, investing in real estate is one of the best decisions you could make with your money.
8. Lowest Risk Option
Mutual funds or shares in the market, the risk attached with any other investment is too high whereas the investment in real estate is a speculation free move that offers multiple benefits with it. For an example, Home Loans are cheapest in India and many financial options are available because of its reliable nature when compared to any other investment option.