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.
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