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Make money through the Indian real estate market

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Make money through the Indian real estate market

28.Oct.2022

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Stories about rookie investors inspire the majority of people.

This is true for investors who feel safe investing in tangible assets instead of the complexities of stock trading. 

This industry can be extremely profitable for people who are greenhorn investors; they know very well about what they are dealing with and what they want from the investment they make. In both conditions, we are providing some clarity by giving the list of dos and don’ts. 

Six points to know about investment for beginners 

1. Real estate is locally driven.

 

The market of real estate is different from the US market; if we see within India, UP and Haryana have their specialty in the real estate market.

Further on, in Gurgaon and Sonipat, the real estate market is not similar, despite their much similarity. 

2.It is a long-term proposition.

 

Real estate is not for you if you want to make money quickly. Real estate takes some time for value appreciation. You are going to invest in land in an upcoming locality; it can take many years to give you a huge benefit. 

3. Legal and financial understanding is needed in real estate

Many rules & regulations have been applied to break the misuse of real estate investment in India in the past five years. Beginners are planning to invest in real estate and make a fortune. It would help if you understood laws well; these are a few, including the RERA act, the GST act, and the Benami properties act. 

4. Seek help.

 

Getting help from lawyers, property brokers, and CA is as important as the basics of real estate in India. As books can teach you so much but a large part of your knowledge you will gain from the expert you will meet. 

5. Be careful of tax implications

 

You will have to pay income tax on the profit you earned from investment in real estate. Taxes may eat the benefits you earn from investments; however, diverse laws help reduce tax liabilities. It would be best if you found ways to lower your tax liabilities on the profit gained from real estate. 

6. Know about extra monetary load 

The state govt. earns a big part of their revenue through the charges on registration and stamp duty on property purchases. These taxes increase the total value of property investment. At the time of making a plan for the investment amount, think about them.

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