Why investing in flats in NIBM is a good idea

Pune is seeing the face of development quicker than ever. Offering multiple facilities to its residents it is one of the best cities to be in at this point of time. There has been an immense growth in different sectors of the city. NIBM is one of the areas that has seen a great growth and is the ideal place to make an investment. The projects in NIBM offer a large variety of choices making it easier for you to find the perfect home for you. Whether you are looking for flats in NIBM or new projects in NIBM, SRS Group is a trusted name that you can bank on. If you are young and looking for a place to live in, you must consider turning your first home into an investment rather than renting an apartment. While most people wait until their older to start investing in real estate, you could actually start much sooner than you think. Read through this article to understand why jumping into investing in real estate can be a good idea for you.

The idea of making your first home an investment does go against the general notions of personal finance. The common approach to a post college financial timeline of an average Indian might look like this – College, first job, first home rental, second/third rental, marriage, starter home, children, second home and finally investments. Following this timeline is not harmful, however if you have the ability to make a real estate investment you must make one. Here are a few reasons why you should invest in residential projects in Pune while you are still young.

You’re young.

Being young allows you to cut costs in a way that are not possible later in life when you have larger obligations. All the money you are currently spending on "living the life" while living in a crappy apartment could be saved up and spent on something else. Saving money and building credit to pay off a mortgage aren’t impossible.

Real estate is cheap

There are plenty homes to purchase in a small budget. Purchasing one would allow you own a property in a significantly low price. Real estate is one the greatest markets to invest in at this point of time.

Home Loans

If you cannot afford to buy a home, a home loan can help you in making the investment. Home loans can be a great way to finance the purchase. By saving up a little each month you can easily pay of these loans.

You’ll have another source of income

If you are purchasing a property that you plan to rent out, you’ll be able to profit off your investment as soon as you find tenants. Then you can take the money you earn and reinvest it in your property or use it to pay off other bills and debts.

Turning your first home into an investment rather than a rental can be a great choice for you and all it takes is a little bit of smarts and real estate shrewdness. With the low rates of real estate in Pune, homes in NIBM are a great purchase to make whether to invest or live in

Pratik Gaikwad Content writing