Why Buying a House Is an Investment in India?

Are you having a difficult time how investing in buying a house in India can be fruitful for your own? In spite of the gradual price rise in the real estate market as compared to other highly developed economies, the investment environment in India is positive because of the promising political scenario as well as proper policy initiatives. This has improved the confidence of a lot of investors in the economy of India.
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Therefore, if you are a non-resident Indian who wishes to buy a house, the following are some reasons why you need to invest in buying a property in this country now!


RETIREMENT BENEFITS
Though reverse mortgage is a more famous concept in the United States, India is one of those countries that’s still gearing up for this type of system. If you want to plan your retirement, you can invest in buying a house in India and benefit from a reverse mortgage.
Furthermore, the amount taken from the bank as a result of this kind of mortgage isn’t factored into your taxable income. In this way, aging as a non-resident Indian like you can take advantage the property. Plus, you can get money from banks as a part of reverse mortgage of the property.
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EXEMPTION OF TAX
You can easily invest in Indian real estate and can still handle to save tax like a standard Indian resident. Did you know that tax deduction on home mortgages on principal payment as well as interest component can be claimed by non-resident Indians? Additionally, for a property sold after 2 years from the time of purchase, profit gained on the capital gain is discharged from income tax.

LOWEST PROPERTY PRICES
Non-resident Indians like you must maximize the slow real estate market in India. Generally, the price increase rate in this country has been higher than the developed markets in the western countries. This is why the nation can provide more value for money to most investors, along with great returns in less period than other famous real estate markets around the globe.
If you are searching for an investment in reasonable housing, you might find it attracting to know that based on Maharashtra Chamber of Housing Industry, there was a huge surge of 300% in the supply of reasonable units in Mumbai than the past few years.
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RENT BENEFITS

Most non-resident Indians who possess a property in India utilize it as their place of accommodation throughout their infrequent visits. Moreover, such properties become a huge mode of income through leasing. High profile properties produce a substantially profitable income in the form of rent.
Those were some of the factors appealing investments from NRIs in this country. Therefore, whether you plan to purchase a house in Mumbai, Bangalore or Pune, you can rest assured that buying a house in India is one of the best investments you’ll ever have. Today is the perfect time to invest in the market, to acquire massive property cost appreciation
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