Real estate investors often prefer renting off homes. However, in other cases, they like to use residential properties personally. In both these cases, investing in residential properties can be highly advantageous. In this post, you will get to know about the various benefits of investing in Thane residential properties.
A steady flow of income
Renting off homes have been a popular trend over the decades. Real estate is one of the sectors, where the property prices keep on increasing. Therefore, people prefer buying a property and renting it off. In the process, the owner can earn a recurring income for the next few years, or even decades. The flow of income remains steady, and one can get better returns on selling off the property.
When you invest in residential real estate, you can enjoy some tax benefits in the form of exemptions. Particularly, when you rent off the property, you can get these advantages. The income you receive in the form of rent through these property investments is not subjected to taxation on the basis of self-employment. Besides, you can enjoy other tax benefits, as the government announces tax breaks for travel expenses, legal fees, property depreciation, insurance, and property taxes.
Property investments are relatively safe, as compared to stocks. The prices do not shoot up or surge down too fast. The less volatile the asset is, the safer is your investment. It is for this reason, that several property investors prefer buying land or residential homes, rather than stocks.
In case you are ready to make your next property investment, you should consider getting a home in Godrej Exquisite Thane. Developed by the reputed Godrej Properties Group, this estate brings you sophisticated apartments in 2 and 3 BHK configurations. These homes will be ready for possession by September 2024. The prices range between INR 1.20 crore to INR 1.68 crore. Loaded with modern amenities, this gated complex promises a quality lifestyle to the residents. The prominent business zones in Thane can be accessed seamlessly from this estate. This would be the right time for you to book an apartment in this beautiful gated complex.