Opportunities don’t knock on your doors very often.However, when they do, you’ve got to be ready to optimize it to the fullest. The aftermath of the pandemic situation has established the fact that owning your very own Residential N A plots in Pune is way better than dealing with the uncertainties of living in rented accommodation.
People are also realizing the importance of having their own NA Plot, as an asset class in their investment basket, as a better option that offers steady returns compared to the highly volatile stock market that comes with heightened risks.
Over the last couple of years, the property market in Pune has struggled due to various reasons. The prices of NA Plots in Pune are increasing, given that the industry has got greater transparency now.As the market is getting better at a reckless pace, investors are buying the properties, NA Plots and they can enjoy a good return in terms of rent. If you invest in these properties now, you can enjoy a lucrative income in the form of rent. These investments are potential for residential Bungalow plots in Pune, makes it important for home buyers to acquire new Residential plot.
Before investing in NA Plots the myths, should be aware off:
Tax benefits: It is normally expected that there are no tax benefits in procuring residential NA plots as against buying a house. It is true that, unlike a loan occupied to acquire a property, the interest payable on a loan taken to buy a plot of land is tax deductible only if that land is used for generating income. In any case, the principal is not eligible for any benefit. However, the interest can be capitalized and added to the cost of acquisition of the plot. This can help in reducing the capital gain tax liability at the time of sale of the plot.
Cost: One does not need a lot of cash all time to buy land. Even moderate investments in a good location can yield great returns in the long term (usually 5-7 years, but 10-15 years is always a better bet).
Liquidity: Since non-agricultural land is difficult to sell, the investor’s liquidity gets limited. Land can, however, be used as security for safeguarding acclaim from supporting organizations. Though it does not provide any value to the business pitch, it does take care of the money state of affairs.
Pune has one of the finest upward commercial segments in the country. Mostly, the IT industry in Pune is rapidly developing. Residents find good employment opportunities in the IT areas. To have NA plots on sale in these areas is a great way for future investment.
Therefore, It’s the immense time to capitalize in the residential NA Plots, NA Bungalow Plots in Pune to have better opportunities and assets for long term perspective.