A decade or two ago, people would consider gold buying the best possible investment, but things have changed now. More and more people are thinking of buying their own house and getting out of the cycle of rent giving every month. We tell you why property buying is still the best investment option?
There are so many things that you might think of doing with your savings. Investing in PPF, mutual funds, buying gold might be some of the common ways to keep that money growing, but believe us, property buying is still the best investment.
Read here to know why?
Still living on rent? This might not be a smart choice when you have a family or you have plans to stay in that city for long. The wise choice would be to buy a home and pay its EMI instead of the rent. Your home is one of those assets which you can pass on to your kids and generations to come. You can pass this to your children and the price of property will continue to grow over the long term.
Real estate is certainly the safest option to invest in. Stocks and shares might give better returns over a period of three to four years but the risk associated with it is way too high. Shares and stock prices see huge variation even in a week but housing remains stable and hence safe over a longer period of time.
There is a lot of tax rebate when you go for property buying. There’s a deduction of up to Rs 1,50,000 from the taxable income in a financial year as payment towards housing loan. However, an enhanced deduction of up to Rs 2 lakh per annum for a self-occupied property can be availed of if acquisition or construction of the property is completed within three years from the end of the year in which the loan is taken.
When compared to other assets, loans offered for homes are cheapest in India. A home loan is available for 9.25-11 per cent while auto loan is offered for 14 per cent while personal loans are offered for 15 per cent on an average. This makes home loans comparably cheaper.
As you now know that property buying is the best investment, go to www.namratagroup.com and find the property that matches your needs and budget.
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