Reasons To Invest In Real Estate In India

Some years ago only the rich ended up investing in real estate. It was possible for those that enjoyed the riches and was not considered a necessity. However, today, the story is a different one. It has become more of a necessity and investing in property has become one of the sure-fire ways to increase your wealth over a period of time. You can even transfer it as a legacy to the future generations. Given below are a few reasons why one can invest in Indian real estate.

#1: The connection remains

No matter for however long one spends time abroad, owning property or a house in one’s own country helps to deepen the connect and retain the sense of belonging. You can come back to your own country at any point in time that you want.

#2: Use retirements benefits sensibly

If you are a senior citizen and you own luxury apartments in Bangalore, say, you are eligible to enjoy the benefits of Reverse Mortgage. The money that borrowed from the bank for this mortgage  is considered as income for the NRI.

#3: Suits every need

Real estate that suits every need and every budget can be found. In case you are looking at a good rental income, you can perhaps look out for luxury apartments in Bangalore for sale. In case you already have a portfolio, you can even buy an old home and remodel it for value addition. If you are looking at the growth of your capital the best solution would be to invest in a retirement home.

#4: Keeps on growing

Real estate is the kind of asset that never stops growing. Once you buy real estate, the yield always increases. However the rate may differ according to the location where the purchase is made. Even if you get a rental income out of it, the capital continues to increase in value. If you have not yet invested in real estate, you can look out for apartments in Bangalore that can be purchased at reasonable prices. Real estate prices in Bangalore are constantly appreciating and your purchase decision will be a wise one.

#5: Controlled Asset

Whereas the procedure for investing in stocks and shares is reasonably complicated, investing in real estate is comparatively a simpler process. With the advent of portals such as 99acres, it has become very easy to buy or sell property on one’s own.  

#6: Loans are cheap

Nowhere are loans as cheap as they are in India. Loans offered for buying homes in India are very cheap (at about a rate of 9.25 to 11 percent). Therefore, in case of money shortage, it is a good idea to borrow from the banks and purchase a home that will serve as an investment.

#7: Serves as a legacy

Real estate property can be willed to the next generation and it will only continue to grow in value and prosper. Therefore, real estate can be considered true legacy.

Thus it can be seen that putting your money into the real estate market is a time-tested method to help one grow their investment constantly.