Owning a property is still considered to be one of the most important decisions in life. Be it for owning a home or a commercial space, the importance of real estate still stands strong in today’s world. Despite the pandemic, investment in the real estate industry has seen steady growth in recent days and it’s all because of the potential it carries. The land value is getting appreciated and the property rates are getting more and more on the premium side. Although there are still a couple of developers who have kept their focus on developing affordable housing, there are a few that have succeeded to cross the premium barrier. Here are a few reasons why the real estate industry is still considered to be one of the best options for investment these days.
The growth potential is tremendous
Considering the current pandemic situation, the growth story of the real estate industry has been phenomenal with Rs. 65,000 crore (USD 9.30 billion) from Rs. 12,000 crore (USD 1.72 billion) in 2019. The sales in the residential sector reached 2.61 lakh units in 2019 across seven major cities and the industry accounted for Rs. 43,780 crore (USD 6.26 billion) in investment in 2019, according to a recent study. Although real estate prices fell in 2020, in 2021, the sector has shown potential to recover losses and grow. The real estate sector has portrayed a tremendous potential for appreciation and it has been better than gold in some cases.
It has been a great tax saver
For the salaried lot, those who are investing in the real estate sector to save tax are in for some treat. With the current interest rates on home loans at their lowest and some of the real estate developers offering zero stamp duty and registration charges, homebuyers can avail of additional deductions under sections 80C, 80EE, etc.
It has always been a low-risk & high-return deal
Investments in real estate don’t carry any risks that are associated with banks or stock markets. Earlier, there used to be some cases of land encroachment, but today, with RERA in place, there are hardly any frauds that go unnoticed or unpunished. Therefore, the risk is low, but the property value has always been on the higher side and so are the returns. Today, with a robust system in place for registration and documentation, there are stringent measures that protect your investment in real estate.
Now is the right time to invest in the real estate sector because of the kind of offers that the developers are offering and the interest rates, the homebuyers are definitely seeking options where their investment gets them more returns.
At RGS Realty, we ensure that you are in safe hands with our projects that are all MahaRERA approved and each project adhering to strict timelines, meaning if you are looking for a property with a certain possession date in mind, we deliver you as promised and that’s the kind of assurance you can get from us. In case you are seeking to buy a property for investment, our team of expert advisors will guide you to choose from the best options available with us. If you wish to know more about us, please visit www.rgsrealty.com