According to CBRE, housing sales are expected to gain momentum this year with 200 million square feet of space being added across all segments. With the introduction of RERA, generous interest rate subsidies and the ambitious Pradhan Mantri Awas Yojana, affordable housing for all is expected to be a reality in India by 2022. Are you looking to diversify your investment portfolio? Invest now in this booming real estate sector!
Offering tax benefits and high returns to investors, real estate is a lucrative investment option. Additionally, investing in properties like Sunteck Westworld can provide you with an additional source of income.
Here’s why investing in real estate now will help you reap significant benefits years down the line:-
-> Better Control of Investment
You can have better control over your investment since real estate is a tangible asset. Investment in real estate is more profitable than other options, as the volatility and risk factor in this sector is comparatively lower. Moreover, the returns on investment in real estate are significantly higher.
-> RERA Regulation
With the implementation of the landmark RERA (Real Estate Regulatory and Development Act), there is constant regulation and monitoring of the real estate market, you can now get a holistic picture of the development of any project, and buyers are held accountable to adhere to the deadlines. Investing in property has now been made safe.
-> Reduction in GST
Quickly buy your dream house at lowered GST rates and invest for a better future! The GST Council has brought down the cost of home buying by slashing down the rate of under-construction housing from 12% to 5%, while the rate of affordable housing has been reduced from 8% to 1%.
-> Tax Benefits
You can also invest in real estate to avail tax benefits! Under the Income Tax Act, 1961, you are eligible for tax exemptions on buying a property using a home loan. Avail tax exemption up to Rs. 2 lakh on the interest paid and up to Rs. 1.5 lakh on the principal amount of the loan.
-> Inflation Hedge
Real estate investment can act as a hedge against inflation. With rising inflation, the value of your estate will subsequently increase, and you can accordingly sell or rent your property at a higher price! Even if there is an increase in your cost of living, the returns from real estate investment will keep you afloat.
-> Added Income
By investing in strategically located real estate, like flats in Mumbai, you can add a steady, additional source of income by renting it out. Or you can hold on to the property till the prices for flats in Mumbai skyrocket and profit from the higher sales.
Instead of digging into your savings to arrange for the down-payment for investing in real estate, you can consider home loan by Bajaj Finserv Homes & Loans for your home-financing needs. Along with its competitive interest rates and flexible tenor, you can also avail exclusive benefits, such as property-search assistance, doorstep services, and top-up loans.
-> Lucrative Investment
Mumbai is a goldmine for property investors since it has well-connected properties offering luxurious but affordable housing. Huge discounts offered during the pre-launch stage of residential projects have made it a popular area for real estate investment. The flats in Mumbai are excellent in terms of providing good ROI to investors.
Are you looking for attractive investment options near Mumbai? Sunteck Westworld in Naigaon might be an ideal option for you. This residential project is offering 1 and 2 BHK, ready to move flats in Mumbai, boasting of state-of-the-art luxuries and infrastructure, excellent connectivity, a wide range of amenities and a luxurious lifestyle!