3 Reasons Why Renting a Property in Mumbai is Your Best Investment Option with High Returns

Mumbai is without a doubt, the biggest real estate hub of India. The buying, selling and renting a Property in Mumbai is so common that every buyer or investor considers putting the money on real estate. Are you planning an investment which will give you high returns? If yes, you must know why real estate investment is so attractive.

Here are 3 major points as to why renting a property in Mumbai will give great profits:-

 1. You will get a stable income & the appreciation of the property will increase

“Why should I rent a property instead of putting the property for sale in Mumbai” is a natural question that may come to your mind. Well, there is a significant effect of RERA & other policy changes on real estate. With the current changes in the rules and regulations of buying and selling properties, GST and other additions, the market is unstable. At such a scenario, if you buy a flat in Mumbai purely as an investment option, renting the flat might be a good idea.

What are the benefits of renting a property?

 One of the main advantages of renting is that you will have a permanent source of income. It is quite a stable stream of money coming in your hands without much fuss. At the same time, when people occupy the property and a community starts to build, the appreciation of the property automatically increases. This surely benefits you in the longer run.

2. Tax Benefits

A major benefit of renting a property in Mumbai is the deduction on your tax returns. When you receive rental from the tenants, there are rental expenses like property tax, operating expenses, depreciation and repairs which will help you with tax.

Only make sure to keep a good record of your rental activities. Do not add security deposit to the expenses if you plan to return it. Keep track of important rent records and you can gain immense profits.

3. Good option with low risk

Let’s see as to why renting is a good option and low risk with an example:-

Suppose you buy & put a 1 BHK for sale inMumbai and the market collapses. What will you do?  The unstable economy and real estate market makes it a difficult task to earn good returns by selling a property. On the other hand, if you put your 1 BHK for rent, you will surely get people looking for a house in the ever so populated city of Mumbai. Therefore we can positively conclude that renting a property in Mumbai is worth a good option and a low-risk one.

If you are convinced that renting a property is a much better option than selling, you should know the best locations in Mumbai for a high return on investment. Take a look below on the list which includes posh locations as well as booming markets and decide on your own:-

1.    Bandra

2.    Andheri

3.    Juhu

4.    Santacruz

5.    Thane

6.    Goregaon

  .  Mira Road

Find investment worthy flats at prime locations like Bandra, Andheri, Santacruz and Mira road with properties developed by Unique Shanti Developers. For more details, visit www.uniqueshanti.com.