Why should you buy your villa at Jagatpura, Jaipur in 2020?

The real estate market of Jaipur has grown abundantly over the last 10 years. After being enlisted as a smart city in 2014, there have been mass-scale infrastructural developments around the city. And, the rapid real estate growth gave rise to many suburban locations, Jagatpura being the fastest-growing area. Its world-class social infrastructure combined with the low property prices is the major reason that more people are looking forward to investing in a villa in this locality. Here are the top reasons that make 2020 the best time to buy a villa in Jagatpura, Jaipur.


1. Affordable property prices – At present, the real estate market in Jagatpura has become highly competitive because there are immense options for newly-built and under-construction villas. Therefore, real estate developers have priced their properties reasonably.

2. Home loan deduction benefits – To motivate more first-time homebuyers in the country, the central government is providing subsidiary on home loans. Depending on the total amount of loan and the annual income, under the Credit Linked Subsidy Scheme (CLSS), a beneficiary can avail 3 to 6.5 % deductions on the total amount of loan.

3. Tax deduction benefits - At present, you can avail tax deduction up to ₹ 1.5 Lakh on properties that are priced up to ₹45 Lakh. Moreover, in case the house is self-occupied, the buyer can claim up to ₹2 lakh tax deductions on the interest paid on housing loans per year.

4. Prospects of reaping active and passive income - The property prices in Jagatpura is exceeding rapidly due to the burgeoning IT industry and rapid social infrastructural development. By reselling your property in the next 5 years, you can easily gain a profit of 40 to 50% on capital investment. Moreover, by renting out your property, you can easily receive 10% of the total investment.

Conclusion- Owing to the affordable property prices, Credit Linked Subsidy Scheme of the central government, and tax benefits on property investments, it is the best time for buying a villa in Jagatpura. As the property prices in this area are exceeding rapidly, you can easily expect good returns on investment in the next few years. Meanwhile, you can also earn regular income by renting out the villa.
Location: Jaipur, Rajasthan, India

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