Real estate is a great investment idea. It generates ongoing passive income and a good long-term investment. When compared to gold or market share, real estate investment is always a good option. Any investment requires patience and discipline to get good returns on investment (ROI). This is an option where there is appreciation in price with respect to time. Many big mutual fund houses are investing in real estate for better returns too. Real estate is always on boom. How? Any property you bought 10 years ago, will not stand on the same price even after the next 10 years.
Is Real Estate a Good Investment Idea in Pandemic Situation?
Each nation’s economy has come to a halt in this global pandemic situation. This is the most vital time to invest in real estate. If you can find a real estate deal that you can afford, is in a good rental market, and will appreciate value over time, you should go for it. We, at Protech Group have many residential projects in Guwahati and are in a good position with 100% customer satisfaction. Real estate consistently increases in value over time and outperforms other investments.
How GST Rate Influences Real Estate Investment?
The GST rate on real estate sector has reduced with effect from April 1st, 2019. 1% GST is chargeable on affordable residential apartments without ITC. 5% GST without ITC is chargeable on other residential properties.
Pradhan Mantri Awas Yojana (PMAY) Scheme – Features and Benefits
The PMAY scheme, launched by the Government of India helps boost the affordability of houses against an inflated real estate sector. The scheme aims to achieve its objective of “HOUSING FOR ALL”. The main features and benefits of PMAY scheme are:
- Interest rate has been subsidized to 6.50% p.a. when beneficiaries opt for housing loan for a tenure of up to 20 years.
- The interest subsidy will be provided for Middle Income Group (MIG) on housing loans for the acquisition/construction of houses (including repurchase).
- For Economically Weaker Section (EWS)/Lower Income Group (LIG), the interest rate subsidy will be provided on home loans for construction or acquisition of the house.
- Under this PMAY, all the urban areas are covered in India that includes 4041 statutory towns with the priority given to 500 class 1 cities.
- Eco-friendly and sustainable technologies to be used for construction.
- For senior citizens and differently able, allocation of the ground floor will be preferred.
At Protech Group, we have our residential projects registered under RERA Act and are eligible for PMAY. Be it for regular income in form of rentals, or appreciation in capital value, real estate has always been a good bet. Do not wait and get in touch with our experts to make your real estate investment today.
