The demand for property has been high in the past decade where people have developed the habit of investing as a tax saving measure and for another income source through renting of flats. And with builders and developers fulfilling this need by starting residential projects in every area of Mumbai, this need is being met, irrespective of the budgets and requirements. Here’s why investing in under construction projects in Mulund east offers you the scope of high returns as an investor:
Tax Saving Benefits: Property investment is a known avenue for tax saving benefits. Among all of the other tax saving options, there is a certain risk factor associated which makes people hesitant while making investments. On the other hand, investing in a home is sure to profit investors with chances of a fall in the price of the property almost non-existent. And with the investment made, you not only get good returns in terms of rising in property rates but also a home of your own.
Increasing rental demand: Mulund is home to accredited colleges and some of the best industries and health care facilities, bringing people from all over to reside out here. This has increased the demand for rental homes and spaces in Mulund a great deal. People who cannot afford to purchase a home in the area find renting flats and apartments a better alternative, giving house owners in Mulund another source of income, and tenants a chance to stay closer to their workplaces.
Steadily rising property rates: Properties, especially in areas like Mulund that is steadily on its way to being a prominent locale, tend to get more expensive over the years. Investing in a home at Matoshree Nisarg, one of the many under construction projects in Mulund east, is sure to give you high returns with each passing year as the price of property rises.
Opting for property investment is, therefore, a great avenue for those who are looking to direct their excess funds towards tax saving options.