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Why should you buy a House in this Financial Year only?

Posted by on January 19, 2018
| Blog
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Buying real estate property  is considered a sign of prosperity in India. It is an excellent form of investment. In Hyderabad alone, for the first time, the  property registrations are going to hit one million in this month January, 2018. This itself says that real estate sector has received a good start in 2018. The demand for Hi-Rise apartments and Villas continue to overwhelm this year. Some investment options may have a depreciation but the real estate generally has a good appreciation over a period of years.


Lower Interest rates on Home Loans

There is a huge requirement for housing sector over the past two years. To meet this enormous demand, Banks and other Home Loan lending institutions have lowered their Interest rates. Because of low interest rates and favorable  financial year 2017-2018, People are showing the best interest in  turning their dream into reality. This is the best time to grab the opportunity of owning a house as the growth of the sector is  fast and steady.


Tax Benefit

According to real estate experts in  India, there would be a considerable increase in the prices of the real estate properties in the upcoming  financial year 2018-2019. If you are a salaried employee or a business professional, under section 24 of the Income Tax Act, you can avail tax benefits on Home Loan for payment of Interest during this financial year of 2017-2018. The property that you buy should be suitable to your requirements. It should fit well into your comfortable budget. Since the loan rate is very less, Buy a home as soon as possible if you are willing to opt for a home loan as banks are on a lending spree at this moment.


Earn Good rental Income

Investors are buying real estate properties as it helps them in earning a good income in the form of rent. Also, customers are paying their EMI’s of their respective loans through the earned rental income. It is now one of the trending concepts. Buying a home is every Indian’s dream and one of the significant investment options. Real Estate sector witnessed a steady increase in investments in India during the recent years. Prices are most likely to go up in upcoming months pan India as surveyed by several real estate agencies.

 

To know more information about Aditya Construction projects just click on this link. You can contact us on +91-40-4569 5555 or you can also send us an email to enquiry@adityacc.com

 

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