Is Real Estate a Good Investment Property in Panvel?

Posted by Balaji Symphony on November 12th, 2019

Today, real estate is one of the most sought after business sectors of the world. Real estate is generally a great investment option. It can generate ongoing passive income and can be a good long-term investment if the value increases over time. You may even use it as a part of your overall strategy to begin building wealth buy Flats in Navi Mumbai. In general, markets with high growth are better bets than those with lower growth, but a stable growth rate is just as important in the long run. Even with interest rates inching up, investing in real estate and especially in rentals – will be a good move in 2019.It plays a critical role in representing a country’s national economic health and other parameters such as the GDP. In India, the real estate sector is the second largest contributor to employment generation, after agriculture.

Government Policies In India:

In the light of the changing economy, many government initiatives have come into play such as NBFC’s, PMAY, National Urban Housing Fund, that help people with their housing require. The Pradhan Mantri Awas Yojana is an initiative by the Government of India that promises affordable housing solutions by March 2022. With all these new macro policies coming in, affordable housing has become an achievable goal which means more and more people are looking for houses to buy Projects in Panvel.

Current Real Estate Scenario In India:

The real estate sector in India has grown in importance since the liberalization of the economy. The emergence of the middle class, suburbanization, nuclear families, rising housing require and loans are the fundamental factors that supplement residential and commercial real estate growth Property in Panvel. Indian household saving rates have increased due to disposable income. The right way to leverage these savings is to invest them in a commodity that guarantees wealth creation in the future.

Rising Demand:

Demographics such as population and urbanization have played an important part in the rising demand for residential, commercial and retail real estate. According to a recent report, India is leading the four fast-growing countries within the real estate sector followed by Brazil, Russia and China with a compound annual growth rate (CAGR) of 5.2% in the 2014-2018 period. This indicates that it is currently a good time to buy property since the development of new, affordable properties is on the rise. Buy 2 BHK Flats in Panvel with the latest house amenities.

Foreign Direct Investment In India:

The importance of Foreign Direct Investment for developing nations cannot be undermined. It brings in an inflow of resources, technological advancement and drives economic growth to a higher trajectory. The Government of India has recognized the require for FDI in India and has liberalized it for the real estate sector, allowing an investment of up to 100% for certain developmental projects. These sectors include housing, townships, new construction projects and built-up infrastructure in Panvel Property.

Advantages Of Investing In Real Estate In India:

Tax exemptions in real estate in India are one of the best ways to attain wealth. It makes it easier to reduce tax liabilities. Listed below are some of the tax benefits one can enjoy
Section 80 C – section 80C, one can claim tax benefits on repayment of the principal amount.
Section 24 – this section, one can claim exemptions on the interest paid on home loans.
Depreciation – estate protects your wealth as you can write off part of the value of the asset, thus reducing your tax burden.

India in line to become the 2nd largest economy in the world in 2030, taking over the U.S., your real estate investment will be not only safe but also rewarding. The advantages or benefits of real estate investment in India are plenty. With exemptions on taxes, the role of the government policies and FDI, the real estate market is moving towards being more affordable buy house Buy Property in Navi Mumbai.