In Brief
"One smart move can change your life. " this is true.
In the case of investments, one intelligent Real Estate Investment can be life-changing too.
There are many ways to invest in India, for example- the variety of assets, such as stocks, mutual funds, gold, crypto, etc.
Previously most people used to have a single source of income or savings But, now people are decidedly investing in Real Estate. Now since people have so many popular choices, Real Estate is at the top According to a report, 77% of the total assets of a typical Indian household are in real estate. Now the demand is higher for Real Estate and Real Estate Investment. it makes a great investment choice for Indians. Buying a home is full of emotions, and it promises financial growth & a secondary source of income.
Now even women are rapidly investing in real estate with some specific benefits. You can check out our informative blog on "What Are The Benefits A Indian Woman Can Obtain When Investing In Real Estate?"
But, Why should you invest in real estate right now? Especially in India?
Here Are The Top 9 Reasons Why Real Estate Is The Best Investment
1) Greatly Appreciated
Real Estate Investments are highly appreciated, because of their plus points and cashflow profits.
It's said that the longer you stay invested in real estate, the more money you make. There are low chances of a fail/loss unless you are a first-time home buyer. If you are a first-time home buyer, then there are a few must-know things before buying or investing in real estate.
Read our blogs for more information on the real estate sector.
If you are buying a home for investments purposes, you should think about this point-
2) Income Through Rents
In Real Estate investments, the money most of the time goes upward, and the rental amount also increases every year. After buying a home, you can earn from that home the income can be monthly. If you are retired or not able to work anymore, your extra properties can help further from rents at least these rents can help with your remaining life.
3) One Of The Best Investment Option With Safety & Security
Real Estate is the safest & secure investment option, unlike other options stock markets, crypto, and bitcoin these options have uncertain conditions like pandemics, inflation woes, and recession and these contain high risks. And here real estate got constant growth. Because of RERA, sales in the real estate sector have increased.
4) Satisfactory Return On Investment
When you invest in real estate home OR a commercial space legally, you can sell or put that home on rent you will get more than what you invested. In real estate, the value of the legit property always increases. So basically, you can expect a higher return.
5) Tax Benefits
Investing in Real Estate can give you tax benefits or save your taxes If you take a home loan, you can save Rs.1.5 lakh on the principal amount as per Indian laws ( under section 80C. And you can save Rs.2 lakhs on interest (payable) under section 24. With these tax benefits, it will be cost-effective and easy to afford your dream property.
6) Tangible Asset
A Real Estate Investment has tangible worth, unlike stocks. It has a physical appearance that can provide many amenities. since it's a risk-free investment, easy to buy, quick to sell or convert into an income source, provides tax benefits, and changes lives.
7) Low-Interest Rate On Home Loan
Home loans always make it easier to invest in Real Estate but, what makes it easier is low-interest rates.
8) Long-Term Security
In long-term investment, you have to wait for the rising value of the property. while waiting you can rent out your property which will provide you with monthly income. In today's date investing in Real Estate is the smartest move anyone can make not only it provides long-term investment with security but, also monthly cash flow while raising its value
9) Control
When you invest in Real Estate and own a property you are the boss of that property you get the control it's up to you whether you rent out or use that property for your work and for the value to rise. You can create a change in your community by giving your properties to renters.
Here are some things that you should know before investing in Real Estate
1) You should know the purpose of the investment
Not only in Real Estate investment you should know the purpose but also whenever you invest your time or money you should know the reason and purpose. ask yourself why you are investing and check if it will be worth it. if you invest in real estate there are low chances of risk, failure, and loss.
2) Check the location
Especially if you are a first-time property/home buyer in Real Estate, check the location of the property and nearby area, and check if there are basic needs stores, nearby stations or highways, and a hospital.
3) Check the property papers
Always check the property papers before making a deal. If this will save you from scams for more legit guides, you can Read "5 Types of Deeds in Real Estate Explained" in this blog we have mentioned the most important deeds/property paper that you should check and collect from the builder.
4) Research the property
Before owning a property, go through every single detail of the property.
- Research if the value of your property will rise or not
- Must select an appropriate location according to your needs, this will help you increase its value
- Know the importance of the real estate industry