4 Reasons To Buy Property in Navi Mumbai Rather Than Rent


Navi Mumbai is one of the biggest cultural and economic centers in Maharashtra and deciding on whether to buy Property in Panvel or not is one of the biggest investment decisions most persons get to make in their lifetime. In coming to this decision, most persons are stuck on whether to continue with the flexibility which comes with renting a Property in Panvel, or make that big decision and buy a house. The truth is, deciding to Buy Property in Navi Mumbai is one of the best decisions you could ever make as the long-term savings on investment, tax benefits, and the comfort are just a few of several reasons why buying a house is a great decision.

Not sure whether buying Property in Navi Mumbai is for you? The following reasons will help you make up your mind:

1.Buying A Home Is A Good Investment:

The cost of real estate in Navi Mumbai and in most other parts of the world increases overtime, because land is scarce, so this means when you buy Property for sale in Panvel today, its price is likely to be worth a lot more in the future, than it was when you purchased it. Real estate is a safe investment as unlike other investments, it has little or no depreciation in cost, and when there’s an increase in the price of real estate in the market generally, yours increases too. Buy your dream home Projects in Panvel.

2.Owning A Property Lets You Enjoy Tax Benefits:

Owning a house in Navi Mumbai means you get to enjoy a reduction in tax every year. This occurs because the interest on your house loan and property tax is deducted from your gross income, thereby reducing the amount of your income which gets taxed. Therefore, from these tax deductions, the government is indirectly subsidizing your purchase when you buy property in Navi Mumbai. Government of India had rolled out interest subsidy, amounting to Rs.2.30 lakhs to 2.67 lakhs for house buyers subject to meeting few criteria. Make sure you avail this subsidy. Buy 2 BHK Flat in Panvel and 3 BHK Flats in Panvel.

3.You Can Always Sell IT Anytime:

Buying a house in Navi Mumbai is a great asset, and it can always be resold anytime you are in dire want of money, but by renting property, you have no such option. You forfeit the rent you paid for living there, and only get back the security deposit subject to certain terms. Buy home 2 BHK Flats For sale in Panvel.

4.You Get To Enjoy A Sense Of Community:

When you are own your property, you naturally feel more comfortable and develop a sense of attachment to the community around you, especially if you live in a nice, gated community of villas and Apartments in Panvel. It provides a base to care for your locality, neighborhood, and community. This form of emotional attachment is often missing when renting a Property in Panvel.




Location: Navi Mumbai, Maharashtra, India

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