Apartments are multi-storeyed buildings comprising numerous individual housing units. When compared to villas and plots, apartments are the most sought after and sold properties in India. Contemporary looks, Modern Amenities, and Better Security are some of the reasons why they are preferred. Unless the buyer has an intent to design his own property, Apartments for sale have been the top choice consistently. It is advised to homebuyers that after analysing various aspects like budget, location, and other preferences, make a decision from the plenty of options available in ready to move in flats.
Some homes are purchased from an investor's perspective. From an investor’s standpoint, factors like Rental Yield and Capital Appreciation are key. These properties are generally rented out. What’s left to be considered is external factors like Location, Accessibility, and Demand for the Properties for sale in a specific locale which impact the overall financial prospect of the property.
Apartments are known to have high resale value and a wider buyer base. As the demand for flats is generally higher, it is understood that finding a buyer for a flat is easier.
One aspect where apartments lag behind their counterparts is Appreciation. Primarily, appreciation is realized on the value of the land. So, when it comes to apartments, the wear and tear of the building increase the rate of depreciation.
A person can avail some tax benefits when he or she buys an apartment. In case of the self-possession of the property, a taxpayer is eligible to avail tax rebate of up to Rs 2 lakh on the interest paid per financial year. Additionally, they can avail Rs 1 Lakh on the principal amount paid.
In the case of renting the property out, the rent collected is taxable as it is considered income.
Plots are the basic units of land with no built-up space. They are ideally bought by people looking to build their own home as per their taste and need or an investor seeking to reap heavy profits on their investment.
In any scenario, building a house is a meticulous task. If one’s thinking of building a home, considering the extent of financial backing as the owner land, construction, architects, designers and labour cost. Let’s not forget it is extremely challenging and time-consuming to buy plots for sale and build a home. Financially speaking, banks to give loans for purchasing plots but they are relatively stern and different when compared to the loan for an apartment. If we were to take an example, the loan limit for a land purchase loan is lower than the loan limit for a constructed structure. What this means is that one has to shell a larger down payment for plot when compared to a flat.
It’s a known fact that plots can’t be rented out without any built structure. But interestingly, when compared to apartments plots have higher rates of capital appreciation which is seen when the sale is done in a lucrative market scenario. One more factor is the proportionality of demand and supply. The ideal time is when the demand is higher than supply.
In the case of loan for a plot purchase, one is not eligible for tax exemptions. If a structure is being built on the plot then one can avail tax exemptions for the loan amount sanctioned for the construction. This can be done only after the construction is completed. Another important fact is that if a plot more than 500 square metres in the area is vacant then it is liable for a wealth tax.
People who prefer privacy choose to buy independent houses and villas for sale. The disadvantages that come with the purchase of an individual house or villa are lack of security and power and water backup. However, what’s interesting is that in gated communities, property developers offer security and power back up with a wide range of options and shared amenities. These are features that societies give.
Coming to the financial aspects of individual houses for sale and villas, capital appreciation is low compared to apartments and plots which is due to the higher capital initially and lacklustre demand later.
The rental yield is higher when compared to apartments but when this is calculated with respect to initial capital invested. But let’s not forget that its relatively difficult to find tenants for villas when compared to apartments.
In case of the self-possession of the property, a taxpayer is eligible to avail tax rebate of up to Rs 2 lakh on the interest paid per financial year. Additionally, they can avail Rs 1 Lakh on the principal amount paid.
In the case of renting the property out, the rent collected is taxable as it is considered income.
We at Homes247.in have always been of the belief that apartments are a better option when compared to plots and villas looking at the advantages that it has.
But what we educate our customers is that they should be perfectly apt for their personal taste and needs.
Hence, we suggest our homebuyers to take a decision that suits them right and enjoy the comforts of their future dream home.
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Well, we are aware that real estate has never exactly been one of those binge-worthy blog categories. It has neither been the kind of topic you could not get enough of, nor is it half as juicy as celebrity gossip.
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Also, the real estate sector has been proving time and again, how reliable an investment choice it is. So, learning about the sector is the smart way to climb up the ranks, and where else can you learn so much except from real estate Blogs! Real estate is the second-largest contributor to the country's GDP; hence there is no doubt that it affects every one of us, whether we see a future in the Real Estate Industry or not. After all, we all live in our homes, and housing is a significant part of the industry.
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As our name implies, we are not limited to realty alone, granted we do Specialize in it. We are all about Homes, and we are in love with Tech and Innovation! Naturally, our blogs cover a myriad of topics related to real estate and housing from Luxury, Lifestyle, Home Decor, Vastu, Real Estate News, Reviews, Tech & much more!
We make every one of our real estate blogs as interesting as it can get and attach with absolutely unique and accurate images, to provide you a better understanding. Not only do we cover a wide range of topics, but we also cover them at the right time. We update you on our socials such as Facebook, Instagram, Linkedin, Pinterest, and Twitter on every trending topic, so you are never miss anything and worry about being left behind!
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Everything in India is a state of constant flux; maybe that's why we Indians became one of the most adaptable and cosmopolitan people in the world!
If the nation's elements are shifting its focus, how can real estate be any different? Indian Real Estate Sector is perhaps one of the most dynamic ones in the entire world. Since the Real Estate in India is yet to be organized entirely, the variations in one segment affect another in ways difficult to comprehend.
The complexity and nuances can be understood only by reading about what is going on in the sector. Like we mentioned above, it affects every one of us. Hence it is essential to keep up to date.
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We also try to solve every home-related query through our Indian real estate blogs. And that's not all. We provide you insights on technologies that make the modern taste and rate of development possible, detailed analysis on real estate projects, insights on loans and taxes, advice on the home buying process, and articles on health and fitness. We provide you information about the trending topics in the Indian real estate industry.
We also host video podcasts named Expert's Voices, where we discuss with the leading players in the industry about market scenarios, offers, anything and everything related to real estate.
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We have got so many topics to read about that even if you have years of experience or are just curious and googling to get some ideas about Indian real estate blogs, you will find the best ones here.
At Homes247.in, we strive to provide you only the best real estate blogs. Our blogs are always entertaining; even the dullest subject we touch upon, we try to make it engaging. We make sure the best of the best is are the only standard we keep ourselves at when it comes to our service or our Indian real estate blogs.
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On every one of our real estate blogs, we research vigorously, write creatively, carefully compile, and thoughtfully curate the best real estate blogs, especially for you, from India's best content writers and contributors.