“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense and managed with reasonable care, it is about the safest investment in the world.” – Franklin D. Roosevelt
The financial health of a person can play an important role in his personal wellbeing, says a recent survey by Scripbox ahead of World Savings Day. An overwhelming number of Indians feel that having a good financial plan and investing in wealth creation will help in preventing financial stress.
Financial experts feel that investing in real estate is increasingly favored by Indians over other investment options. In fact, nearly 35 % prefer to invest in real estate ahead of gold and other options according to a survey by Housing.com & National Real Estate Development Council (NAREDCO) released in June 2020.
A safe option
Compared to real estate, investing in stocks and mutual funds is a risky game. Being a highly specialized field, it requires excellent skills to make money out of equities and leverage trades. Investing in real estate does not require any special skills. Not only is it safer, but it will also most likely fetch you better returns in the long run – aside from providing you with a solid roof over your head for generations to come.
An investment of Rs 10 lakhs in mutual funds for a period of five years will yield an estimated return rate of 7%. Whereas, Oragadam in Chennai has reported a whopping 25 % growth in the average capital values from Rs 2,800 per sq ft in Oct-Dec 2014 to Rs 3,500 per sq ft in Oct-Dec 2019 and will continue to grow. The state-of-the-art infrastructure and commercial expansion will boost the investment sentiment in the area and thereby, the capital returns.
Hiranandani Parks is probably the most sought-after residential development in Oragadam to invest in right now. Whether you are planning to own a luxury apartment or a premium villa plot to build your dream home, you will find it here. The 360-acre sports-themed township has more than 40 amenities, 12 themed gardens, a multi-specialty hospital, school, shopping centers and more.
Fabulous returns in the long term
Real estate consistently increases in value over time and outperforms other investments. Plus, it isn’t as vulnerable to short-term fluctuations as the stock market. You get a tangible, usable asset, whether you’re renting out an apartment or commercial building for income or buying a home.
Assured rental income
One of the biggest benefits of owning your own home is the regular rental income it can generate for you with almost 100% certainty. Unlike in the case of stocks, once you own a home, you’re not at the mercy of volatile market forces capable of diluting your net worth overnight. Owning a home assures you of stable and regular monthly income that will keep increasing over time – along with the capital value of your home. At Hiranandani Parks, Oragadam, the apartments come with a rental assurance for 5 years.
Oragadam is now becoming the preferred investment destination for real estate. The massive industrial growth on the Sriperumbudur-Oragadam belt and connectivity are the prime drivers. An informed decision to invest in Hiranandani Parks, the most happening residential development in this locality will not only be a safe option but also an extremely rewarding one. Click www.hiranandaniparks.com and request a site visit to explore New Chennai’s world-class township.