“Don’t wait to buy real estate, buy real estate & wait.”
As the quote says it’s always the right time to invest in real estate. In case, you haven’t invested yet, then invest now.
The changes in the real estate sector have been dynamic. The government has taken bold steps to transform it into an industry.
The implementation of RERA ( Real estate regulatory act), has boosted buyer confidence.
As of 2023, the sentiments of the industry are high. There is a huge ready-to-move inventory expected to be available this year. Also, as a result of skyrocketing sales in the last year, many new project launches are in pipeline. So, there is the availability of both new launches as well as ready possession projects. The advancement in technologies has resulted in better quality & fast-paced constructions.
Financial institutions have also come up with various financial schemes. They have finance options for all classes & masses. There are various options available to customers to choose from while taking finance. The prevailing home loan rate of interest is also within 9% per annum. The vigilance of the Reserve bank of India on the financial institutions safeguards customers’ interests.
There are various tax benefits provided by the government while buying a home. The stamp duty amount & the interest on the loan amount are eligible for tax exemptions. These are beneficial to the salaried classes who have limited options for tax saving.
The real estate sector has been growing in most parts of the country. It is the second-highest employer & GDP contributor to the country. It is still the most sought-after investment in the country. The quantum of dependency on this sector assures the buyer of the stability of this asset.
Real estate is the only form of investment that can generate income in various forms. Unlike gold or stocks which generate income through appreciation only. It also provides steady & regular income along with windfall appreciation.
As a buyer its a perfect time to buy property, keeping in mind the following points:
- The laws are in place & are stabilizing as it’s the sixth year of RERA.
- The entire sector growing on a YOY basis, and it’s expected to contribute up to 10% to the country’s GDP.
- The financial institutions are liberal & financing everyone.
- The government is supportive of providing tax benefits.
- It can generate various forms of income.
Real estate investments have a proven track record for generations.
If you have not bought a property till now then go now, it’s the best time & remember it’s never too late to start investing.
You can contact us for any queries with regard to real estate investments.
We assure you wealth generation bits of advice via real estate to the best of my knowledge.
You can always hire our interior design service for designing your dream home.
Kindly give your feedback to info@mevolvee.in
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Simple Ways to Invest in Real Estate
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