4 Reasons why this is a good time to invest in residential properties

Posted by 1bhkingoregaon on December 23rd, 2021

From ancient times, owning real estate has been associated with status, wealth, and credibility. Along with gold, it\'s one of the safest ways of securing your wealth. But now, as we have stepped into the modern era, a lot of other investment options have come into existence. Options like stocks, fixed deposits, mutual funds, or cryptocurrency have offered investors multiple options of parking their money. But still today, real estate investments remain one of the most profitable, secure, and beneficiary avenues for the long term.

Also, now with all the lockdown slacking allowed by the government, many industries will be planning to resume their activities with adequate social distancing. And also, you might\'ve seen that many banks and housing finance companies have announced cuts in their home loan rates. Thus, this makes it the perfect time for the investors to buy 1 BHK in Goregaon West near station at a reasonable price.

Also here are 4 reasons why it’s a great time to buy property now.

Tangible Asset

Purchasing 1 BHK in Goregaon West near station can prove to be a tangible asset and it can be leveraged to capitalize on numerous revenue streams while enjoying capital appreciation. This high tangible asset value also ensures everlasting security, as real estate will always have some kind of monetary value, unlike other investments such as stocks with low or no tangible value.

Real estate is easy to purchase, convenient to finance, gives tax advantages, improves your lifestyle and is devoid of any insurmountable financial barriers. Hence, even today, real estate is considered to be one of the safest investment options in India.

Growth in Value Housing segment

The residential sector is all set to embark on a different growth trajectory as homeownership is gaining significant preference among the new-age millennials. Even the Covid-19 pandemic has not dented the demand for homes that offer value for money. According to the recent report, it has been seen that millennials prefer value in terms of buying a property with around 70 to 75 per cent of them aspiring to buy a home in the coming three years. Other than that, efficiently designed homes have become very popular amongst millennials and young couples, as they are a good first investment and offer a sense of security with aspirational amenities.

Attractive Financing Options

Due to the COVID-19 scenario, the market is slow and there are very few buyers interested in investing in real estate. Therefore, you will find several attractive financing options to buy 1 BHK in Goregaon West near the station– with every major player competing for your account. It’s the best time for you to upgrade to a larger house or expand your budget for a better option. Banks are also offering low-interest rates on loans and offering easy payment schemes and customized payment plans for their customer.

Benefits on Tax

Investing in real estate properties can be beneficial for you in many ways. For example, it entitles you to several benefits including tax exemptions. There are numerous types of tax benefits that are available when you invest in property or buy 1 BHK in Goregaon West near the station. You can take advantage of depreciation, property taxes, insurance expenses, operating costs, management expenses, mortgage interest, & rental income.

Signing Off

Time and again, real estate has proved resilient to a major upheaval in society. Be it a war, economic slowdown, or pandemic, the returns have remained more or less steady for the homeowners. So now if you are planning to buy 1 BHK properties for sale in Goregaon West or looking for 2 bhk property for sale in Goregaon west, visit The Chandak Group - www.chandakgroup.com. They will offer you some of the best property deals in your budget.