Even today, many investors have a question in their mind, is real estate a good investment in India? So today we will learn about this in this article. In the last few years, investors have recognized the potential of the Indian real estate market. Just as the rent of residential and commercial places and the prices of their vacant lands are skyrocketing. The Indian real estate market is booming very fast.
In today's time, real estate is included in the portfolio of many investors. Because from here investors see good ROI (Return of Investment). According to some reports found on the Internet, more than 75% of the total wealth of an Indian family is real estate. If you want to increase the value of your money, you have to think about investing in real estate in India. Which can be an ideal option for you.
How Real Estate is a Profitable Investment Option?
Investing in real estate is considered a reliable option. But apart from this, there are many other reasons for why you should invest in this sector. Let us know why investing in real estate can be an ideal option:
1. Tax Benefits And Incentives
If you invest in real estate, and you buy a house for the first time, you can save up to ₹1.5 lakh on the principal amount under section 80C. Apart from this, you can save up to ₹2 lakh on the interest on the amount under section 24.
2. Long-Term Value Increase
If investment is done for a place, then one wants to increase the returns from that.So,you should always invest with a long term vision.Also, if you maintain your property well, you can also make a stable rental income, the money you invest in the property keeps increasing with time.
3. Diversification And Risk Management
While investing in real estate, you must pay attention to diversification. Because sometimes the effects can also be negative. Therefore, you should include different assets in your portfolio. Due to which you can reduce the volatility in real estate, and the return on the risk taken by you can increase.
However many people invest in stock market, gold, bank policies etc. but real estate can give a better return and is a safer option than them. For example: If you invest your money in gold, you might face a problem in keeping it safely which is not in the case of property.
With the implementation of RERA, the real estate industry has grown very fast in the last several years, due to which the home loan interest rate has also decreased. Many such policies have also been made, through which you can get more discounts on your home loan.
4. Security and Stability
Real estate is considered a safe investment. The real example of which investors have seen during the pandemic. Whenever a pandemic comes, the cryptocurrency and stock market decline very rapidly, due to which it is a volatile option. On the other hand, there has been a steady increase in real estate.
If you are an investor, then you can think about investing your hard-earned money in a property. Because there is very little volatility in this sector. People who keep their property in banks get very low interest rates there, due to which the value of your money becomes less than inflation.
Real Estate Investment Tips for Beginners
In the above article, we have learned why we should invest in the field of real estate in India? Now let's know about some tips to invest in this field. Though many people feel that the rates of property always increase, they buy any property without getting proper information about it. But let us tell you that before buying any house, , plot, or shop, you must keep in mind sone important points. Let's talk about them:
1. Property Location
If you are thinking of buying a house, plot, shop or anything, the first thing to do is a thorough research about that location; the surrounding area, the facilities like distance from the hospital, shop, shopping mall, etc. Apart from this, you must also find out about the real estate marketing trend of that area. Always keep one thing in mind, that you should not buy property in slum areas.
2. Basic Amenities Are Essential
Before buying a property in any area, it is very important to know about the basic facilities available there. This includes electricity, water, security, parking, gym, garden, sewerage. All such facilities available around your property increases the value of your property.
3. Check Legal Status
Whether you are buying a flat or a land property, you must find out about its legal status. The property you are buying should not have any dispute with the government or any local person. If you buy an undisputed property, you will get a good price for it.
4. Buy Property From Reputed Builder
If you are buying a house in a housing society or a plot in a place where projects are being built, or a society is being constructed then you should first check properly about the builder and then you should buy the property.
5. Make An Exit Strategy
As you have already been told, if you want to invest in the field of real estate, then your vision for it should be for the long-term. So before investing in any property, you must have an exit strategy. This will let you know in advance, how many years you can sell this property. This will also let you know that if you have to sell the property before your target, then how much profit and how much loss you will have to incur.
Conclusion
In this article, we have told you why real estate is a good investment in India. Apart from this, we have also given you some tips related to investing in this sector. If you want to invest in this sector, hopefully, you might have liked this information.
If you liked this article, please share.
If you want to invest in any property in Haldwani, please call the numbers given on the website, or fill out the contact form. Thank you.
Comments