The Right Time To Build Your Home

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Gone are the days when people waited till there 40s or 50s to own a house. This is the era of proactive approach wherein people are investing in properties in an early phase of their lives. The new generation doesn’t stop at owning their parental property and is going one step ahead by planning for their dream homes in their 20s. 3 bhk Flats in Panchkula Zirakpur are becoming a hot property investment zone for the new generation.

Various factors have led to this shift in the attitude of people towards residential real estate investment. These factors include:

The rising cost of rents

The rising cost of rents in the cities has encouraged people to plan early and look for a permanent abode to avoid the annual rental hikes. More and more people prefer to pay the monthly EMIs and own a property than paying the monthly rents.  While the monthly home loan payments are fixed, the rent is most likely to increase year by year. Privacy

A need for greater privacy and personal space has also led to the mind shift of people for investing in residential properties at an early phase. Being the owner of the house, you could plan to do whatever you like with the property. It gives you the freedom to install and renovate your house as per your personal whims and fancies without being worried about the landlords. Plus owning a house near to your work location is blissful and you could avoid long traffic hours.

Tax benefits on loan

With the announcement of the latest financial budget 2019, the tax benefits on home loans have increased under the provision of Income Tax Act, 1961. These home loan tax benefits are on interest deduction under section 24, principal deductions under Section 80C, additional interest for first time home buyers under Section 80EE.

Price appreciation of property

A home purchase is a better investment than the stock market or any other investment option. It is secure and safe to put your hard-earned money on the housing market. With property prices increasing day by day, it is the most viable option plus it generated rental income too.
Homeownership is now perceived as a benchmark of social achievement amongst the people. It has become a status symbol for some and a necessity for few. If you want to own a luxury flat in Zirakpur, then visit Exotic Grandeur for your housing needs.


Location: Panchkula, Haryana, India

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