Why buying a flat is beneficial in today’s date ?
As per the reports, the Real estate sector in India is expected to reach a market size of US$ 1 trillion by 2030. (Source:IBEF) In real estate, residential investments will also rise as affordable residences (Flats/Houses) are still in demand. In residential investments, there is often competition between flats & plots. Well, the best option always depends on one’s financial condition and many other priorities. But, for a middle-class person or someone looking for a short-term investment, owning a flat is beneficial. Some advantages of flats over plots in India are as follows: 1)Owning a flat gives you home loan/tax benefits If you are a person with a job(monthly salary) & not a businessman who has chances of having more amount of cash as compared to a salaried person, then a buying flat in korba is surely a better option for you as you can get home loan/tax benefits. Because you’ll be able to manage your monthly expenses as well as get tax exemption benefits. 2) Th...