Do you know that an average person always looks for distinctive ways to earn profit and wealth and live stable lives?
Yes, it’s true!
Gone are those days when individuals relied just on their salary and conventional savings to secure their upcoming life. Nowadays, individuals want to invest their money in some reliable sources like residential property in Mohali and create numerous sources of income rather than just being dependent on their salary.
At present, the Indian real estate sector is flourishing and people are looking to buy 3 bhk apartments in Mohali . It has integrated itself into numerous successful investment portfolios due to its high ROI (Return On Investment) value. According to a survey, real estate makes up 77% of the average Indian household’s total assets. So, if you want to increase your wealth, you should also think about investing in Indian real estate like luxury homes in Chandigarh.
In this article, we have explained how the real estate sector is a profitable as well as a successful investment option :
1. Safe Investment Option
A real estate investment can be much safer than other assets like the stock market, cryptocurrency, gold and banks also. The stock market is constantly changing. Gold prices may assist in offsetting market volatility but also come with additional annoyances, including storage and theft problems. Moreover, bank savings account interest rates are notably low, especially compared to the inflation rate, which is rising. Therefore, real estate investment is a profitable and safe investment.
2. Rapidly Developing Sector
The Indian real estate market is expanding quickly. Real estate sales are anticipated to increase from 12,000 crores in 2019 to 65,000 crores in 2040, accounting for about 13% of the nation’s GDP by 2025.
With new residential and commercial developments planned for many locations around the nation, you can take advantage of exemption from long-term capital gains tax on investments in residential properties, which comes under Section 54 and Section 54F.
3. High Growth Potential
Real estate investing is a successful choice at the moment, with the world’s focus shifting from China to India. There will likely be a significant increase in employment in India as more and more foreign businesses move there. More and more people are probably going to buy homes thanks to the influx of cash, which will raise the demand for real estate. This is good news for real estate investors because they can take advantage of Section 54F of the Income Tax Act’s exemption from paying capital gains taxes.
4. Tax Savings
Home loans significantly contribute to tax savings. You can save up to 1.5 lakh rupees on the principal amount under Section 80C and up to 2 lakh rupees on the interest payable under Section 24 if you are a first-time home buyer. You may be able to reduce your investment cost and increase the investment’s affordability with the help of these tax advantages.
To Sum Up,
The Indian real estate market is thriving, and being an active participant will pay off in the long run. So, secure your future and start investing in real estate.
