Owning a house is a wish, a desire, a life-long achievement, and perhaps the most lucrative one in terms of Investments. The real estate sector is a property consisting of land or buildings. Indian real-estate had started its boom in the year 1993 when the Indian government Introduced LPG reforms wherein the FDI's can directly invest and run their businesses. So, big tech companies and industries were established. On top of that, the progressive growth in the economy and the rise in population are showing optimistic results.
" The land on the earth is limited and can't be created. So, accumulate before it is oversold". The most fascinating thing about real estate is, that it's safer and less volatile than the stock market and digital currencies.
I must share an example with you, in 2013 we bought a piece of land (2 Guntas) in Karimnagar, Telangana. At the time of our purchase, it was about 13 Lakhs. But now the market price is 60 Lakhs. So, in terms of the investment, I feel we have made the best decision.
So, let's see some of the important benefits
1) Feeling pride and accomplishment
Owning a property will always make a person feel happier than any other. To eat, to sleep, to live we require a shelter that is home. Home is the most precious and important asset. It is the emotional attachment to life.
Traditionally Indians consider home as their second mother. So, I must admit the fact that owning a house is not an Investment but a responsibility.
2) Rents (or) Lease
Probably the most flourishing part of real estate is rental income. Offering property to rent or lease can make a considerable amount of money in your pockets. The rental income can vary depending upon the place and the size. Generally, properties near or close to big large companies will be having a higher rent comparing the places in tier2, and tier3. The value of the property will also differ. But having said that, the rents will be assured depending upon the negotiation between them.
3) Safe and Secure
There is no need to worry about the investment in real estate because the profitability of the property is inevitable. In this world everything can be stolen but "Land cannot be stolen". It is the universal truth. Once the house is registered in your name then it is
4) Tax benefits
Under section 80C of the ITA, a person can deduct up to 1.5 lakhs from the total taxable income if the person made any investments. Paying tax is the sole responsibility of a person to the government. But there are some exemptions where a person can avail some benefits for his/her investment.
However, you can also benefit from some other deductions like the depreciation on the asset and the capital gains.
5) Loans
Well everyone wanted to start his or her own business but to start a business from the scratch he/she should have some wealth to invest in it whether it is the equipment or the labor. Approaching a bank with security as your property can easily grant a loan without ease. Because a bank's sole purpose is to lend money by taking security as an asset.
So, to conclude I must say that investing in real estate is a wise choice and profitable. However, it all depends upon the place where you choose and the dealer.
Comments
Post a Comment
posted by varun