Why Indians Choose Property As Their Prime Assets?

Reduce retirement savings burden

Property is one of the few investments where safety is guaranteed. Property can be used in many ways, for instance, if your rental income is good enough and the loan taken is also paid off then you can use the rent as pension plan and if the rental income is unsatisfactory then you can use the alternative option to sell the property and gain cash.

Easy to get home loans

Property is one such investment where home loans are easily accessible.  Banks provide various kinds of home loan options. While buying a house, buyers seek home loans that are suitable to meet their needs and requirements. Some of the loan types include Home Purchase Loans, Home Construction Loans, Home Extension Loan, Home Conversion Loans, Home Improvement Loan and Land Purchase Loan, to name a few. The only catch when taking home loans is the EMI’s. Loan borrowers need to pay the EMI’s accordingly during the tenure of the loan. The advantage to invest on property is that, if your income is not good enough to repay EMIs then you can redirect the rental income to pay EMIs, if you have any property on rent.   

Also Read: 15 Best Locations to Buy Home in India in 2013