Investing in plots in India or any other form of real estate is a profitable investment. Before investing in the stock market became a hot trend, most people were inclined towards investing in real estate. Even today, people still see investing in real estate as a safer option. Now, when the investors are secured through Real Estate Regulation and Development Act (RERA), people are investing more in this sector.
Real estate is the only sector that saw a great revival from the pandemic situation. The union budget for the year announced several tax exemptions for the people who are willing to invest in building homes on their own properties. Also read – 5 Benefits of Solar Panels For Your Home.
The following are the benefits of investing in real estate in India:
1. More Flexibility
Investing in plots in India provides you with higher flexibility. If you don’t want to invest in ready-to-move apartments or houses, you always have an option to purchase a piece of land, which you can build according to your needs and budget.
In addition to this, building a home from the scratch on self-owned property has become easier, as now the government is providing tax exemptions to the people who opt for home loans, granting them deductions on the interest under the section 80EEA of the Income Tax Act. Also read – Premium Housing Project Located on NH-24 Dasna Ghaziabad.
2. More Return
If you invest in a plot in India, that is in a prime location, you can expect great returns in the future, even if you don’t build a home on the plot. In the future, you could even land an opportunity to sell your plot at a greater rate. Also read – The Best Time to Invest in the Indian Real Estate.
3. Less Maintenance
Investing in an apartment or house can be a costly process, as it may require further hefty maintenance which in itself is expensive. However, if you purchase a plot, you won’t have to through with the maintenance process, and based on your finance you can start the construction anytime you want.
4. Low Investment Cost
The best part about investing in plots in India is that it requires less investment at the start. Just by paying the upfront amount of the plot, you can have it under your name. Over time, you can pay the rest of the remaining amount with interest. Also read – How to Find Your Dream Home: Buy 2 & 3 BHK in Dasna, Ghaziabad.
5. Location
Investing in plots in India in a prime location can be a profitable investment in the long run. Look or discuss with a real estate agent before you end up purchasing one. Ask the agent about the future of the location and see if there are any other projects starting as well. Plots in India, which are located on road cost you more but they surely promise great returns.