When it comes to finding out the best way to enhance your investment in Real Estate, a unanimous consent is required for it. The real estate segment has witnessed tremendous growth over last two decades and this is the reason it has become a superlative choice of investment for almost every investor. Below are some most important reasons which will convince you to believe that real estate, actually, is better sector when it comes to choose for a long-term investment with other benefits like rental income with marvellous appreciation in your capital amount.
Simple and Easy Investment
When it comes to invest in property, it is quite an easier option compared to shares and stocks which need a stock-broker to invest. Although expert advice is always recommended when it comes to invest your hard-earned money, this sector still requires minimal third party (broker) intervention. Various online portals are available to answer your dilemmas about investment on property.
Cheap Loans
When it comes to comparing loan rate for other assets, interest rates for home loans are cheapest ranging from 9.25 per cent to 11 per cent a year. While an auto loan is offered at 14 per cent in India, you shall be required to pay an average of 15 per cent on personal loan.
Extensive Finance Option
As many options are available for financing the real estate projects, ranging from Non-Banking financial institutions like private lenders and institutions to Banks, one can easily invest in real estate sector with no dearth of money in terms of financing.
More Prospects of Appreciation in Capital than others
Once invested, the investor not merely enjoys appreciation in the property value, they can also enjoy a stream of income by letting it out on rent. Depending upon location, property attracts whooping rentals and there is no dearth of people looking for rented apartments in areas like NCR where thousands of immigrants across India settle down every year.
Asset for Generations
This is a kind of long-term investment which is expected to be appreciated over years and can be passed on to your kids. Preferred over shares and stock which does not assure you an appreciation in long run, investment in real estate guarantee a long term appreciation as well
Safest Bet
No single company in National Stock exchange has guaranteed continuous appreciation on your invested amount over a decade or two. But, when it comes to investment in real estate, if invested diligently, one may derive dual benefit as rental income and property pricing appreciation which may go as high as more than double of your invested amount.
Tax Benefits
Not just low interest rates, you will also enjoy rebate on your taxable income against your home loan. If the acquisition or the construction of your property gets completed within 3 years from the year you have taken the home loan, you can get benefited with an extra deduction of up to Rs. 2 lakh per annum for a self-occupied property.
Dream of “Own House”
With investment in property, you can pursue you dream of owning your “own” house apart from various other monetary benefits like rental income and property appreciation. Owing a house, no doubt, assures a secured future for your coming generations besides giving you a distinct status in society.
Real estate, no doubt, is a money building cycle today which helps you to reap benefits till time conquers perpetuity, right boasting from your social status to building an investment channel that assures a guaranteed income, property plays a vital role.
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