Thinking of investing in real estate? The real estate market in India has revived steadily over the last year or so due to improved buyer sentiments. The introduction of RERA has proved to be a major shot in the arm for the sector since it has brought about increased transparency and accountability in the industry. This has heightened buyer confidence and attracted several hitherto fence-sitters back to the market. End-users and investors are both returning to the real estate market in major cities like Mumbai, Bangalore, NCR and Pune among others. In Pune, for example,
key projects like Godrej
Prana in Undri,
Pune are already garnering eyeballs while there are new project launches which are going up in almost every city to cater to this renewed demand.
Another boost for the real estate sector has been the Pradhan Mantri Awas Yojana as part of the Government’s Mission of Housing for All by 2022. Under this scheme, there are interest subsidies given to homebuyers in various segments. This has set off a boom in the affordable housing and mid-range housing segments. Even a rise in the number of home loan applications has been observed throughout the country in this regard. Here are some of the benefits that you stand to get when you invest in real estate-
1. Earnings- This is definitely the biggest incentive of all for real estate investors. Investing in property for the long haul will help you increase your earnings in the form of rental income. You can be earning attractive rentals depending on the location. In fact, several investors plan wisely and invest in multiple properties to earn rental income from several sources.
2. Security- After all, real estate guarantees long-term security, at least from the financial perspective, since you will have built up an asset for your family’s future. The property will also appreciate in terms of its value which will give you greater benefits.
3. Taxation- There are several tax benefits to be availed if you are the owner of a rental property. Rental income does not come under self-employment taxes. There are tax deductions available for insurance, property depreciation, travel expenditure, property taxes, legal fees and maintenance repairs.
4. Cover the EMIs- The rental income that you earn from your property will easily cover the monthly EMI to be paid for the property in question. However, before applying for a loan, do bargain for a competitive home loan interest rate and check the online home loan calculator in order to find out the amount payable every month. You should also use the home loan eligibility calculator to determine the home loan amount that you will be eligible for.
5. Beat Inflation- Appreciation in real estate makes it a good bet to combat inflation over the years. The cash flow of a real estate investor will automatically move up with increasing costs of living.
6. Being your own boss- When it comes to real estate investments at least, you will always be your own boss. You will have total control over the investments that you make, the rental plan, choices of tenants, rental prices and property maintenance and management. You will always be the key decision maker when it comes to your investment.
Another boost for the real estate sector has been the Pradhan Mantri Awas Yojana as part of the Government’s Mission of Housing for All by 2022. Under this scheme, there are interest subsidies given to homebuyers in various segments. This has set off a boom in the affordable housing and mid-range housing segments. Even a rise in the number of home loan applications has been observed throughout the country in this regard. Here are some of the benefits that you stand to get when you invest in real estate-
1. Earnings- This is definitely the biggest incentive of all for real estate investors. Investing in property for the long haul will help you increase your earnings in the form of rental income. You can be earning attractive rentals depending on the location. In fact, several investors plan wisely and invest in multiple properties to earn rental income from several sources.
2. Security- After all, real estate guarantees long-term security, at least from the financial perspective, since you will have built up an asset for your family’s future. The property will also appreciate in terms of its value which will give you greater benefits.
3. Taxation- There are several tax benefits to be availed if you are the owner of a rental property. Rental income does not come under self-employment taxes. There are tax deductions available for insurance, property depreciation, travel expenditure, property taxes, legal fees and maintenance repairs.
4. Cover the EMIs- The rental income that you earn from your property will easily cover the monthly EMI to be paid for the property in question. However, before applying for a loan, do bargain for a competitive home loan interest rate and check the online home loan calculator in order to find out the amount payable every month. You should also use the home loan eligibility calculator to determine the home loan amount that you will be eligible for.
5. Beat Inflation- Appreciation in real estate makes it a good bet to combat inflation over the years. The cash flow of a real estate investor will automatically move up with increasing costs of living.
6. Being your own boss- When it comes to real estate investments at least, you will always be your own boss. You will have total control over the investments that you make, the rental plan, choices of tenants, rental prices and property maintenance and management. You will always be the key decision maker when it comes to your investment.
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