Why to invest in Chandigarh, Panchkula and Zirakpur Real Estate

real-estate

A few years ago, investing in real estate was a luxury, a way of boasting their social standing and not a necessity. But today, in this era of globalization investing your money in property is not merely imperative but also one of the most tried-and-tested ways to grow that money over the coming years. Following are a few reasons as to how investing money in the realty business is one of the safest bets for NRIs (Non – Resident Indians):

  • Stay Connected, stay rooted: 

No matter how much one loves living abroad, having a house back home in one’s own country gives a sense of belonging. Moreover, wherever you stay, at some point you are sure to say ‘Take me home’ country roads

  • Rent Benefits: 

Having an extra property in India, would pose as an additional source for your income. Even though NRIs have to pay tax on the rental income, a part of it gets compensated under Section 80 (C).

  • Retirement Benefits: 

Senior citizens who own property in the country get benefits of Reverse Mortgage, i.e. money taken from the bank towards this Mortgage is not considered as a part of the income of the NRI.

  • Price Benefits:

Along with the emotional connect and the benefits of rent, affordability of properties is yet another reason of why investing in real estate is lucrative for NRIs.

  • Long-Term Returns:

 The real estate industry has observed tremendous growth in the last decade or so and is further expected to rise by 10-15% per annum.

While in order to invest in shares and stocks you might require a broker, real estate investments are simple enough to be done on your own, especially with the various portals available for property purchase and sales such as Magicbricks and 99acres.com these websites provide all the required information such as the localities of the project and every query can be answered.

  • Ample Finance Options: 

From banks to the various Financial Companies along with numerous private lenders, there is truly no dearth of money in this business.

  • Pass onto next generation:

Real estate properties can be passed onto the next generation, this is one such investment which will continue to grow and prosper. No other company or National Stock Exchange has topped the market in a row during the last decade.

Thus, investing in real estate would turn out to be the fruitful endeavour, which would not only benefit you but also your children and the coming generations.

Why Festivals Are The Best Time To Invest In Property?

Real-Estate

Come festival seasons and real estate industry is abuzz with activity. Festival Season has brought rejoice and hope to the people, and the excitement is at the apex. Rakhi, Navratri, Durga Pooja, Dussehra and then Diwali; the festive lights have made a permanent place on the walls of many houses. While buying household things, jewellery, clothes, and the vehicles is a common practice, many people living on the rent are wondering if it is the correct time to invest in the property too. Indeed it is! Although, there is no perfect time to invest in the real estate, this investment is the best one there is. The sale of every commodity gets accelerated during the season of lights, so the modern builders are coming forth with the best of the offers to lure the buyers into making the house buying decision fast. The market and the shops are crowded this time of the year and so is becoming the real estate ‘market’. It is auspicious to buy during this season and wise too. Let us give you some reasons which are compelling enough to get real estate home at festival season.

1. New projects are launching

We all are accustomed to new movie releases on and during the festivals, but the real estate developers are also releasing their magnificent projects on these special occasions. The Indian buyers show more inclination to the affordable housing solutions; hence the projects launched during this time are all seeing the finances of the audiences. The chances of quick selling of such projects increase as the buyers are too motivated to get the keys of their own home.

2. Discounts and Freebies

To sell faster, many builders take the advantage of the willingness to own a property of people. They offer cash discounts on the property or discounts in the form of relaxation on the registration and the stamp duty. The most common free gifts are gold coins, gym or club membership, various vouchers like travel passes, charge free amenities for a period of time etc.

3. Flexible payment options

To inspire the buyers, the builders keep the payment options open during this time. Many people are not comfortable in making the payment upfront. As such some developers offer no EMI for duration of time and some offer payment of balance on the possession. Such great propositions from the builders make the buyers feel like the King of the market.

4. Some extra features for the same price

Except for the cash discounts and freebies, many developers offer special features and furnishings in the house as the festival gifts. It ranges from a free modular kitchen, geysers, and AC units to the free parking space. As such, the buyer is already saving a lot; hence, buying the house becomes the most probable decision.

5. Bonus and the bank offers

You just got your hands on some bonus and what can be a better thing than to buy the house of your dreams. The banks also run various schemes which help the buyers with the lower interest rates on the loans. More money in hand and bank super offers results into the house buying decision for many people. One thing to be kept in mind, though. The builders respond more positively to the end users as compared to the investors. The aim is to provide affordable housing solutions to people and not become a steal deal to fill the pockets of the affluent. With the increasing neck to neck competition among the builders, you can get the best deal within your budget. Buy a property that fits your requirement not because it is available cheaper. For Tricity properties related queries you can contact us at Home Search.