Owning a flat is a wish that many dreams of, but only a few are able to fulfill it, and given the fact that property rates in Mumbai are among the highest in the world, many individuals struggle to save sufficient wealth to invest in properties in Mumbai. Given the fact that Mumbai has consistently been ranked among the top cities anywhere in the world and the fact that it is the country’s financial capital and an employment hub, properties are always in demand throughout the year. Some purchase a property in order to settle down in life, while others purchase it from an investment perspective. In today’s blog, we shall take a close look at the latter and why property investments continue to remain highly advisable and desired.
- The Value Only Appreciates:
If one were to take a close look at history, only a few exceptional instances have property rates depreciated, while a majority of the time, they have continued to appreciate year on year. In fact, if one was to analyze the trends and how property rates have appreciated in Mumbai within the last decade, some statistics would show a growth of close to 400%, a return which no other investment would return. It, therefore, makes sense to look for attractive property deals such as a 1 BHK Flat for Sale in Vile Parle East.
2. An Extra Source of Income:
Not only will you earn handsome returns on your property if and when you do decide to sell it off, but throughout your time of owning the property, you stand to gain an additional source of income, through rents. One of the first things that property investors do is to put the property on rent. Not only does this ensure that you have a steady source of income, but you can also invest the deposit amount that your tenant will pay you in a fixed deposit, which will be an additional income, no matter how small the amount.
As the demand for properties continues to rise, so does the need for finding reliable and dependable developers and at Vijayraj Residency, we believe that your housing needs should be simplified. Therefore, our team of experts is always ready to help and answer all your questions and doubts, if any. So feel free to get in touch with us for all your housing-related needs and we will be happy to assist you with the same.