There is an ambiguity in the society regarding renting or
buying a property but Kumar Builders stresses if an owned property can give
more comfort then why one should waste money in renting? It is true that real
estate sector has been facing shallow vested interests from the recent past;
still there is no match for property investment. Even though equity is more
liquid and profitable, a buyer shall incorporate property investment in his
diversified investment basket for long term benefits while giving deaf ear to
industry rumors.
Kumar Builders mentions that it is to be noted that average
project witnesses approx 36% appreciation irrespective of the project
completion, i.e. if for some unknown reasons the project is delayed then also
the owner reckons for appreciation. Just few points has to be considered like
location, quality of construction, trust factor with developer in other words
pick property in a good location and also at the right price point. In
addition, fix upon a purchase when industry is expecting a high rise for better
results.
The Pune-based land developer enumerates several instances
for preferring a purchase say benefit of tax is available on both principal and
interest if one intends to buy property through loans, the profit margin is
comparatively much higher if investment is made with a long view. Also the
estate may be used as corporate guest house or a vacation home or gift to young
ones especially to a girl child apart from residential purposes, as suggested
by Kumar Builders.
At the end of the day even on making a payment through EMI
of home loan, one gets a step closer to his house while paying off monthly
rents do not brings any cheer as hard earned money of an individual goes in the
pocket of HOUSE OWNER.
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