In Mumbai's dynamic economic environment, real estate has long been considered a reliable investment avenue. However, it is essential to weigh its pros and cons against other popular investments, such as gold and the stock market, to make informed decisions.
Investing in real estate, especially in a city like Mumbai, offers tangible benefits. Real estate is known for its long-term capital appreciation and relatively stable returns compared to more volatile options like stocks. The demand for housing in Mumbai remains high due to continuous urban migration and development projects like the Mumbai Metro and Coastal Road, further increasing property values.
One of the significant advantages of real estate is the ability to generate passive income through rentals. Mumbai’s rental market is buoyant, with residential yields averaging between 2-4% annually, depending on location. Additionally, property owners benefit from tax incentives such as deductions on home loan interest and rental income under Indian tax laws.
Denne historien er fra September 15, 2024-utgaven av The Free Press Journal.
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Denne historien er fra September 15, 2024-utgaven av The Free Press Journal.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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