Buying land is a great way to secure your money and expect a higher return in the future. It is, in fact, a good option for young investors as well as those who want to own multiple properties. So, if you’re wondering about investing in plots in Bangalore, it is the right time to do so.With each passing day, the demand for land will increase and your investment will appreciate. So, if you own a plot today, you can enjoy a higher appreciating value by either selling it off or by building a house in it.
With a reasonably stable market for real estate, it is the perfect moment to be in Bangalore to make any investment. Let’s review 7 reasons Bangalore is an excellent location to bet on the real estate property.
1.Tax Benefits In Bangalore
Individuals can get tax benefits on home loans used to finance investment in Bangalore real estate. This is a massive benefit for professionals in the workforce who wish to build their dream house. Another fascinating aspect is that even though rents are constantly rising over time. However, your monthly loan payment will remain the same. If you compare it with bonds, stocks, or mutual funds, the risks of investing in real estate are considerably less.
2.Lower Property Tax
Every property owner needs to pay a property tax. When it comes to tax, we’d all like to pay a lower tax and maximise our earnings. This is why investing in plots is an excellent choice.That’s because the property tax for land is much lower in comparison to the property tax for a residential apartment or a commercial property.
3. Wise Investment
Real estate in Bangalore has consistently offered sound prospects in terms of rental returns and price appreciation. The city has surpassed other cities in terms of profitability, demand price index and potential job opportunities. Property prices being at an all-time low, it is probably the best time for investing in one. With ready for possession properties being sold at rates lower than what under-construction projects were being sold a couple of years ago, you will have a wide range of options to choose from across all locations, all budgets.
4.Fastest Developing Metro City
Bangalore is India’s fourth-highest-income city. The lively nightlife, the numerous choices for entertainment, popular tourist spots located on the outskirts, and generally a luxurious lifestyle make Bangalore one of the top popular cities in the country. Executives can enjoy substantial pay packages and enjoy a plethora of the city’s amenities. These appealing perks make way for the development of the residential property
5.Top Educational Institutions
If you have a growing family, you can receive the best education if you invest in Bangalore real estate. Bangalore has consciously managed to have some of the most prestigious educational institutes, right from the pre-primary level to the post-doctoral levels of research. And many reputed institutes specifically designed for working professionals who plan to enhance their skills. So, you can ensure quality education of international standards for your children if you plan to buy an apartment in Bangalore. Apart from this, there was a rapid demand for the house for rent in Bangalore.
6,RERA has your back
The Real Estate Regulatory Authority (RERA) was formed with the objective of protecting the interests of buyers and bringing about standardization in the real estate sector. Some of the main advantages that buyers today have after RERA was established are that builders can no more delay projects as per their whims as they are heavily penalised. Buyers also don’t have to bear the brunt of any faulty or defective construction,
