Inflation has led to an unabashed rise in prices of all products and services, all over the world and this does not exclude property, one good example of which will be 2bhk flats on rent in Mumbai. The metro cities of India have felt a huge impact as well. Thus, a lot of people have turned towards their financial consultants or have taken an independent decision of saving up for the future when the prices will be unthinkable. Saving up on tax returns is also another reason to look for investment options.
Property is one such area where a lot of people are turning to invest in. According to some experts, flats are better choices when it comes to buying property as compared to plots in metropolitan cities. Here are the reasons they consider:
- More and more people are looking for flats for sale or on rent. The chances of getting a plot sold are comparatively lesser as it involves a lot more complications. Thus, resale is easier if it is a flat.
- Those who wish to rent their flat will also have the option of furnishing it and then asking for an added rent for it.
- Purchasing a flat is always safer as it keeps you prepared for a situation in the future when you might need to look for a new house. A plot will involve a lot of expense since a house will have to be constructed before you can settle there.
- You can use your spare flat for personal work such as meetings, as a place for guests to stay during their visits and even a space for parties which you will not need to clean up immediately. All of these are particularly valid in case of metro cities where shortage of space is a constant issue.
However, the ultimate decision always lies with the person or family making the purchase since each family’s situation and condition differs from the other and so do their needs.