Real estate has always been considered a productive long-term investment. However, India has witnessed a clear shift in the real estate sector in the past few years, with reports suggesting a possible 5 percent rise in the residential segment in 2022.
From an investment perspective, buying a property allows an owner to earn a considerable ROI in a few years, either by selling or renting it. With increased sales in Hyderabad and a 40% rise in new property launches, buying with an established, reputed developer like Praneeth Group is one of the safest and most reliable ways to invest.
Transparency within the Real Estate Market
Since demonetisation, the Real Estate Act 2016 and the Goods and Services Tax, developers and lenders have reduced their rates, leading to a revival of the housing industry and greater transparency in the realty market.
The Decline in Home Loan Rates
Over recent months, leading banks and private lenders have shown a decline in home loan interest rates as they look to boost their home loan portfolios, making it a good time to enter the market before rates rise again.
The Pradhan Mantri Awas Yojana
This scheme has made it more affordable for people to purchase a house, providing housing benefits to Economically Weaker Sections, Lower Income Groups and Middle-Income Groups, including a Credit Linked Subsidy Scheme on home loan interest.
Tax Deductions
Whenever a buyer takes a home loan, they can claim part of the EMI, stamp duty and registration fees as tax deductions.
Sense of Security
After all the effort and saving, a buyer gets a tangible asset whose value increases over time. With low interest rates and RERA protecting consumer interest, more people are finding themselves able to afford a home loan.
A More Buyer-Friendly Market
Amidst the pandemic, the market became more buyer-friendly, with negotiating power shifting towards buyers as sellers tried to move piled-up inventory.
In 2022, buying property in Hyderabad looked like a smart long-term investment, with the factors above indicating a good time to purchase and secure one’s future.