Why should you invest in Real Estate?

  geetika gera    January 23, 2013    1406

 

Real estate, these days, is considered as one of the most lucrative investment options and an ever increasing number of people are investing their money in this lucrative business. In a time, when the market is not stable, this is becoming one of the most preferred avenues for investment. There are plenty of factors which have made real estate a desirable investment option, some of which are mentioned below: • Real estate is a good way to earn quick profits. This is one commodity for which the demand will never go down. As long as there are people on this planet, they will need homes to stay. • There are various tax benefits that are provided to people who have taken loans to purchase homes. In India, under sections 80C and 24B, a person is eligible for a maximum tax exemption of two and a half lakhs. This in itself is a good reason for people to own property. • In case the owner requires income from the property, then he can put it up for rent which will provide him with a certain amount of passive income. This will reduce much of the financial pressure on him. • In case the owner requires a large amount of money immediately, then he can always sell away the house for whatever amount he gets. This can help him avert some emergency situation. • This is a relatively safe form of investment, because most properties appreciate in value over time. This will ensure that the property will be always sold at a higher price and it will most often provide the seller with a profit. • There are many foreclosed properties that can be available at very low prices. These properties are a very good investment option, as they can be fixed up and sold with quite a profit margin. • Real estate is becoming common, as in many places the rate of appreciation increases faster than the rate of inflation. • In the age of urbanization, cities are beginning to expand. Property costs, both for purchase and rental, are skyrocketing as the people rush towards the cities, looking for a place to stay. As a result, the property boom is increasing in major cities. As cities are increasing in size, the lands on the outskirts are also appreciating quite rapidly, as people are looking to get their hands on them for various reasons. • Real estate is being preferred over shares because even though the share market can fluctuate very rapidly, which can cause the loss of a lot of wealth, the real estate market does not fluctuate to that extent. • Finally the reason why real estate is gaining more popularity is that it allows the investor to have all the control in his sale and purchase options. He can decide when to buy and when to sell. Hence, people are having more trust in the real estate market as it is filled with fewer risks. Real estate may seem very confusing to most, but beginners can take advice from experienced professionals and make as much preparations and planning as possible to make a successful real estate deal. Harji Realtors is one of the leading real estate agents in the region of Chandigarh, Mohali and Kharar. For more information on great deals in 1 bhk apartment in Mohali and the best Plot in Sunny Enclave check out our website
 Article keywords:
1 BHK Apartment in Mohali , Plot in Sunny Enclave

 

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