Investing in India’s real estate is full of potential. The market is projected to exceed 10 trillion in value by 2047. In FY23, the residential property sector in India reached an all-time high value of $42 billion and showcased a yearly growth of 48 percent. Even the sales value also showcased an upward growth with a 36 percent rise.
So, investing in a residential or commercial property in India isn’t just about owning a flat or piece of land; it’s about future preparedness and financial security. Even our forefathers recognized the power of property investment, encouraging us to continually invest in a piece of land or own a house. And if they fail to convince you, no worries. We have some solid reasons to help you believe them.
Here’s why real estate is a profitable investment opportunity for you. Let’s dive deep to explore it.
Solid reasons why real estate investment is profitable
Steady value appreciation
One of the many reasons to invest in a real estate plot or flat is steady value appreciation. Over the period, the price keeps appreciating. Unlike other investments that have their ups and downs, real estate value keeps growing. Since the Indian population Sensex continues to grow, the housing sector is also booming. This means, value appreciation is evident in real estate investment.
Steady rental income
Once you’ve bought a property, you no longer need to wait for its value appreciation. You can rent it out to generate income instantly. This will help you get a steady income every month. Since the professionals and students look for good spaces to live temporarily, it creates constant demand for rental properties.
Diverse financial portfolio
Having a single financial portfolio with everything invested in it is a risky step. With real estate, you can diversify your portfolio. It means, the real estate being a tangible or physical asset is immune to market’s ups and downs. Even if other investments fail to provide the desired returns, real estate will remain steady and profitable.
You can claim tax benefits
One of the many advantages of real estate investments is that you can claim tax benefits on it. You get the flexibility to claim deductions against home loan interest rates. Additionally, the income generated from the rental property is less taxable compared to other income sources.
A great security against inflation
When the cost of living rises, so do rental income and property values. Therefore, when prices rise, you can easily maintain your purchasing power.
Facts that prove real estate is a lucrative investment opportunity
If you don’t believe plain reasons, no worries. We have also gathered facts, data, and stats to confirm why investing in real estate is profitable for you. Let’s check out.
Due to strong demand, the housing project prices increased 7% year-over-year. Steady borrowing rates and persistent buyer demand further boosted this demand.
Indian real estate is estimated to increase substantially, climbing an upward graph of $5-7 trillion by 2047. The possibility is that this number is expected to exceed $10 trillion mark.
Indian real estate is expected to witness about 20% of NRI investments in 2025. This is because of strong economy, new residential projects, luxury living, and capital appreciation potential.
Conclusion
Owning an apartment or plot is a big dream that everyone wants to bring into reality. Investing in real estate not only earns you the tag of an owner, but also brings several benefits. You can claim tax, double your investment within a few years, earn rental income, and a lot more. Cities like Lucknow see a surge in real estate properties. You can connect with a credible real estate builder, such as Jashn Realty, to invest in real estate projects.
Make the right investment and secure your financial future.
