Real estate has evolved as the most lucrative investment option in 2018. With norms, such as GST and RERA in place, real estate has finally succeeded in attracting the attention of property buyers. If we talk about a specific place, Ghaziabad is found to be an iconic destination, where the number of investments made in this year are considerably larger than that in the past few years. Owing to its superb connectivity with Delhi, lucrative property value and affordable property rates, the city has turned out to be the major destination for investment.
So, if you are planning to buy affordable flats in Ghaziabad, this is the right time to get started. Here are some of the major reasons that justify this -
1. Constant Passive Income
One of the most important reasons to invest in real estate is that you get a source of generating passive income every month. Obviously, who doesn’t love to get extra income on monthly basis!! buying a property and then renting it out is a perfect way to invest your money at the right place and enjoy life long earning.
2. Portfolio Diversification
As per expert financial planners, diversifying portfolio is very important, as it helps you spread out or eliminate the risk factor. It will basically serve you as a tangible asset that is safe to invest in and mitigate the risks involved in your portfolio.
3. Increase In Property Value
One of the most important reasons why the sales of flats in Ghaziabad has skyrocketed is the increase in property value. There are continuous infrastructural developments going on in the city, which are making this ‘smart city’ even smarter and a modern place to live in. This is why the properties located near to metro stations, highways etc. are higher in their property value. Investing in the same could give you huge benefits for generations and generations.
4. Tax Benefits
Real estate investment also brings several tax benefits for you, such as tax deductions on mortgage interest, property taxes, operating expenses and costs, cash flow generated from investment properties and so on. Hence, if you invest in realty, it will certainly be in your favor.
To cut the long story short, real estate investment in Ghaziabad is the finest thing that you need to do, if you desire to secure your future and ensure a continuous flow of income. Be it for living purposes, or just for investment, real estate is something that should be on your list, in 2018.