Over the years, the real estate market has seen massive development in terms of demand. The city of Bangalore, which is often referred to as the Silicon Valley of India, is attractive to young people with ambitions. This city is filled with entrepreneurs and IT professionals. There is a high demand for exclusive residential homes, and Premium villas in Bangalore. Not only has the demand for Luxury homes in Bangalore increased, but people are also looking out for Villa plots in Bangalore.
Apart from this, just about every other mediocre Indian with a 9-5 job is looking for ways to create a second source of income that will grant them stability, comfort, and luxury. In spite of all the diversity in people's socioeconomic backgrounds, everyone is searching for the one constant in their lives: a stable future. So, it seems that people are on the same page about the importance of looking out for their families' and their own future. But if you talk to the experts, they will tell you that just saving money won't do you any good in the long run. The value of the money decreases over time, so it would be a better alternative to invest the money. From a recent study, it is evident that 77% of the total assets that an Indian household owns is real estate. There are many benefits to real estate including safety and high earning potential.
Here are some of the reasons why Real Estate is considered to be a real asset:
1. Safe Investment Choice:
A safe investment may be real estate because other types of investments can't compare, including the stock market, cryptocurrency, gold, and even banks. While they are not appropriate for every person, this kind of investment often faces high fluctuations, as well as theft and storage issues. Throughout the years, real estate has proven its stability in value, in addition to the recent introduction of RERA making real estate customer-friendly.
2. Fast Growing Sector:
According to the data, it is predicted that Indian real estate will grow from 12,000 crores in 2019 to 65,000 crores in 2040, contributing 13% to India's GDP.
3. Higher Returns:
When you invest in real estate, the profits exceed the inflation rates, providing excellent returns. Investing in other assets with lower rates of inflation has more risk, but real estate remains risk-free and the high returns always surpass the returns on other assets.
4. Tax Savings:
Getting a home loan can help save you money on taxes. If you are a first-time home buyer, then you have a lot on your mind but here is some relief, you can save up to the maximum amount under Section 80C is 1.5 lakhs, and the maximum amount under Sector 24 is 2 lakhs.
If you are looking to invest, then Purvankara is the best real estate developer in Bangalore with many years of expertise in this field. Your investment is in the right hand. Get Premium Flats in Purva Orient Grand Located in Lalbagh, Bangalore one of the most demanded housing areas in Bangalore. When you choose Purvankara you just don’t have a home you have a wholesome package of safe investments, trust, quality designs, and the best infrastructure. Get your dream home from the best, get your dream home from Purvankara.