Many people face confusion on whether to invest in real estate or not. However, investment experts do recommend real estate investment for various reasons.Investing in real estate is unique compared to other types of investments like gold, mutual funds, etc. Here are some unique characteristics of investing in real estate and how it is beneficial for your future.
- Investing in a real estate is a well-planned strategy where a property is purchased to gain a profit. The recent changes in many real estate related laws contribute to a positive change, which is in favor of buyers and offers benefits to buyers. The implementation of RERA ensures the real estate becomes more efficient and works in favor of buyers.
- Investment in real estate offers you to earn an income. You can rent out your property and thus create a stable source of monthly income. If you start investing at an early age in real estate in future, you will earn good returns on that by renting it. Today, most of the banks offer home loans by which you can buy 1bhk or 2bhk flats in Pune which are in demand among youngsters, working bachelors and so on.
- Real estate investment is a tax-efficient investment. Depreciation of your assets can be cancelled out either some or all your profits and this allows you to collect the rental income at a good tax rate.
- In real estate sector, buyer or an investor has a higher control over his/her assets than other types of investment. The owner can make the changes in the house as needed and this can add to the value of the property.
- Total returns that are mixture of income and capital growth are produced relatively consistent in real estate.
- Real estate is called as a hedge against inflation.The cost of houses keeps increasing at a higher rate during the period of inflation. When inflation increases, the property rates also increasebringing high rentsto you.
- In real estate, you get a better appreciation on your asset because a property value goes on increasing at a higher rate over the period.
- Real estate is highly durable and helps you to grow your wealth, which is a great thing and helps in securing your future. If you ever noticed, other investments have a fixed maturity, whereas real estate investment does not have any fixed maturities.
Investing in bigger flats like 3bhk or 4bhk flats in Pune has benefitted many investors. You mainly need to choose projects for the top real estate developers in Pune and thus be assured of optimum quality and timely possession of your flat. Buying a flat from a reputed name ensures good returns as the projects are well equipped with latest amenities and are created after in-depth analysis, which brings assured returns.
Thinking about investment planning? Do add real estate on top of your list.