It’s well known that the economy is recovering from the pandemic, and like many other sectors, the real estate industry has also been negatively impacted. However, as time has gone on and things have improved, the sector has experienced minor progress.

As individuals, we still strongly believe that buying a home is equivalent to reaching a significant life milestone. This elevates the real estate industry to the top tier of global investment opportunities.

Purchasing a home has intangible advantages like security, tranquilly, and pride in ownership. These are the critical justifications for why people invest in the real estate market. Today, there are many such real estate projects in Mumbai where you can find your dream home. One such project is Laxmi Raajvilas by The Laxmi Group. It provides you an investment opportunity as well since the region, Malad in Mumbai is still developing and there is a huge possibility of price appreciation in the near future.

In comparison to other investment possibilities like land, the stock market, mutual funds, etc., real estate may be thought of as one of the most reliable and profitable choices given the current market trends. So, according to a number of polls undertaken by property experts, more than 50% of investors want to go back into the real estate business in the post-COVID-19 period.

The advantages of buying your ideal house over other investment possibilities will be covered in this essay and how it can yield substantial benefits over the long term.

Here are some beneficial things to think about while purchasing a home:

Price Appreciation As many other industries throughout the world were, real estate was also badly impacted. However, with time, everything is returning to normal. One can gain significantly over time from price appreciation by investing in the present market. If one buys a property in a developing area, the value of that residence is likely to increase manyfold over time due to the booming market.

Tax advantages If you own your ideal house, you may be eligible for a tax deduction of up to two lakh rupees. Depending on your interest, you may be able to receive a tax advantage that would lower your

home’s interest rate. If you invest in a ready-to-move property, you are eligible for tax savings of up to 2 lakh rupees and a reduction in your interest rate under Section 24 of the IT Act.

Easy and affordable house loans The RBI has significantly lowered repo rates after the COVID-19 epidemic. These are some of the lowest repo rates, which caused the interest rates on house loans to drop to the lowest level of 7%. For investors looking for successful investments, this is a fantastic chance. With interest rates this low, you may save a lot of money on your investment compared to only a year ago

when house loans were about 8–9% annually.

Secure and without risk Purchasing a residential property is seen to be one of the most reliable investment opportunities given the present market conditions. You can always depend on receiving your investment returns eventually. There are several opportunities in the industry right now. Due to the extremely cheap property prices in the present market, there is a tonne of room for profit. It is anticipated that the real estate market would exhibit an increasing trend once the economy returns to stability.

Attractive Deals The market is unstable due to the pandemic, therefore the developers are making attractive offers to attract attention to their projects. There is no better time to purchase than right now, with loan rates at historic lows and developers providing tempting discounts.

Create a source of reliable income Purchasing a property can give the purchasers a source of reliable income. In contrast to other investment opportunities, leasing the property gives you the chance to establish a reliable and stable source of income.

Long-term returns on investments might be greater when they are made in your ideal house. With time, it could also provide you with a sense of security. The real estate market may maximise the returns on your investments if you are patient enough. It is a course of action that

might produce viable possibilities for the future. Along with safer assets like real estate and other market-driven investment options, one may diversify their portfolio.

With so many benefits and facilities available, this is surely the right time to buy your dream home and also consider it your investment asset. If you are planning to buy a lavish flat in Mumbai, you can check out our projects on the website. We provide all types of spacious 1, 2, 3 & 4 BHK flats in Malad, Goregaon and other prime areas in Mumbai.