According to market experts, 2023 is going to be a pathbreaking year for real estate where few projections will forecast a high growth rate in the upcoming months, which makes real estate the optimum form of investment option. In 2023, some factors have highlighted the importance of real estate which has played a critical role in boosting sales.
Owning a home gives a sense of pride in Indian culture, and the story of Indian real estate is unique and one of a kind. This thought process is never more relevant than today. In 2023, people have realized the value of buying homes which has led to higher sales and demand. “This has the potential to boost the economy and investments which will welcome the change and lead to a foray of new investors and buyers in the real estate segment”, says Mr. Sharavan Gupta of MGF Group.
A Sound Investment Option
As saving is the need of the present, the best way to save money is by investing in a new house. This has emerged as a relatively safe and sound option. Mr. Shravan Gupta of MGF Group explains, “As investments in the stock market or mutual funds, the prices may fall or rise risking investments but with real estate the prices will fall but it will always bounce back. Hence real estate seems to be the soundest form of investment, when you sell in the future it will be at a much higher price.”
Optimum Tax Savings Option
Everyone wants to avail tax benefits and save money and buying a home has emerged as an ideal form to gain tax benefits. The government gives certain tax deductions on buying a home. This benefit grows if you’re a first-time buyer. Being bullish about this sector and its growth sector Mr. Shravan Gupta added, “In 2023 the tax benefit scheme will boost office and home sales.”
New Design Concepts
Nowadays builders are aware of Green Technology. Hence, most buildings are made with green technology factors with huge open spaces and good airflow systems. This reduces the electricity cost, also the expenses for buyers and investors. Mr. Shravan
Gupta of MGF Group is satisfied with this development and advocates green technology which has played a vital role in boosting the economy.
Real estate has never been more important in the Indian economy until now. Mr. Shrava Gupta of MGF Group is utilizing his new construction. This industry is bouncing and is likely to thrive in the upcoming months.