Why Home Loan is an Ideal Investment Option

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Ideal Investment Option

With majority of leading banks and financial institutions providing a plethora of benefits on housing loans along with a competitive rate of interest, real estate has become one of the most preferred investment options for people in India today. Home aspirants and individuals who are on the lookout for long term investment solutions tend to gravitate towards getting a home. A home provides a long-term security and with investment in a real estate property, the value of the real estate property will always appreciate over a period of time. As it is a tangible asset, there is minimal possibility of losing the amount invested.

Today, with many aspirants turning to banks and financial institutions to get the home of their dreams, it has led to the rise of obtaining housing loans at a competitive price. Furthermore, to augment the citizens’ interest, even the Indian Government is showing its encouragement to home aspirants to invest in a real estate property. This is the main reason for housing loan to be eligible for tax deductions.

There are a plethora of benefits that significantly assist the home aspirants when it comes to getting a home loan. Additionally, the initiatives by the Government such as Pradhan Mantri Jan Dhan Yojana, Pradhan Mantri Awas Yojana among others are boosting the aspirations of home buyers.

The initiative by Government of India, Pradhan Mantri Awas Yojana (PMAY) gives Indian citizens a pre-requisite subsidy amount to the qualifying families under the mission – ‘Housing for All by 2022’. With the introduction of this initiative, fulfilling the housing needs of the mid-income and economically weaker segments has become more convenient than ever. This route map has been set to facilitate betterment of the people, thus resulting in the economic growth of the country. The result of this initiative is to assist in bringing down the issues of affordability and accessibility. It is the deduction on the principal as well as interest paid which benefits the home aspirants to opt for housing loans.

Availing a housing loan has become quite a seamless experience thanks to the involvement of banks and financial institutions. And with Government providing a helping hand, individuals who are eyeing to buy the home of their dreams can fulfil them today easily. Getting a home on a long-term basis is an investment which can help in achieving financial goals.


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Nirmalya Ghosh
Nirmalya has done his post graduate in business administration and now working as digital marketing executive in a US based firm. He loves to share the trending news and incidents with his readers. Follow him in Facebook or Twitter.