Purchasing a property for residential or commercial use may be a daunting task. But if you look at it as an investment it would emerge as the best purchase that you have made in a lifetime. Real estate is one of the least risky and most lucrative options of all investments. It can emerge as a source of regular income or a high return investment.
Here are a few reasons why you should consider investing in real estate.
High ROI- Investing in real estate leads to profitable turnouts in the future. The value of property has never gone down in India, it always appreciates. You cannot be sure whether the equities or mutual funds you have invested in are going to inflate in value in the coming time. But the returns on real estate investments are always rewarding.
Least affected by market situations- Unlike the securities such as mutual funds or equities, the value of property is least affected by the inflationary or deflationary tendencies. When the prices are rising in the market, the hardest hit are those having fixed income investments like treasury bills and fixed deposits as there is difference between the nominal and real interest rates. On the contrary, the value of property gets even higher during inflation.
Tax Benefits- Parking your money in real estate makes you eligible for a number of tax deductions under the Income Tax Act. For a self-occupied property, you can claim a deduction of Rs. 1 lac for the repayment of housing loan, under section 80 (c). Under section 24 (a), you can claim a standard deduction of 30% on the net annual value towards repairs of the property. Section 24 (b) allows you to claim a deduction of 1.5 lac towards the interest paid on home-loan.
Home Loan Benefits- Another unique advantage of investing in real estate is that you can take the home loan to purchase the property. You can get loans against the gold you possess but loan for investing in gold is never heard of. Same is the case with other classes of investments. In addition, you can also claim certain tax deductions when you go for a home loan. High leverage is another factor why real estate is a preferred investment option.
Propfest is the place where you can get expert advice relating to a property purchase. It is being organized at four convenient locations in Noida, Gurgaon, Faridabad and Paschim Vihar. Representatives from leading banks will be present at the event to provide you on-the-spot home loans and professional advice regarding the documentation and formalities. You can avail up to 20% discount on selected properties. Assured gifts will be given to those who book a property on the spot. The event also offers free site visits for everyone. So, be a part of the biggest property show on March 21st and 22nd.
For more information, visit propfest.in .