Benefits of Buying Pre-Rented Property in Delhi and Gurgaon
11th April 2023
Benefits of Buying Pre-Rented Property in Delhi and Gurgaon
When it comes to investing in real estate, pre-rented properties are becoming increasingly popular among buyers. Delhi and Gurgaon are two cities where the demand for pre-rented properties has been on the rise for the past few years. In this review, we will discuss the reasons why one should consider investing in pre-rented properties in Delhi and Gurgaon.
Firstly, pre-rented properties provide an assured rental income from day one. Unlike a new property where the owner has to spend a considerable amount of time and effort in finding a tenant and negotiating rent, pre-rented properties already have a tenant in place. This means that the buyer starts earning rental income from the day of purchase. In Delhi and Gurgaon, pre-rented properties are particularly in demand by investors who are looking for steady rental income without the hassles of finding tenants.
Secondly, pre-rented properties in Delhi and Gurgaon have a relatively low-risk factor. This is because the buyer already knows the rental income that will be generated from the property, and thus, can calculate the return on investment more accurately. Moreover, pre-rented properties are generally located in established and sought-after neighbourhoods, which reduces the risk of the property not being rented out.
Thirdly, buying pre-rented property in Delhi and Gurgaon is a good option for investors who are looking for a property with a lower price tag. This is because pre-rented properties are generally priced lower than new properties with similar features. The reason for this is that the buyer is taking on an existing tenant, which means that there is no need to spend money on marketing the property or finding a tenant.
Fourthly, pre-rented properties in Delhi and Gurgaon are also good options for buyers who are looking for a property with a ready-to-move-in condition. This is because pre-rented properties are generally already furnished, and thus, the buyer does not have to spend any additional money on furnishing the property. Moreover, since the property is already rented out, the buyer can be assured that the property is in good condition.
Fifthly, pre-rented properties in Delhi and Gurgaon also provide a good opportunity for investors who are looking for long-term investments. This is because pre-rented properties generally have a longer lease period as compared to a new properties. This means that the buyer can continue to earn rental income for a longer period of time, which ultimately leads to higher returns on investment.
Sixthly, pre-rented properties in Delhi and Gurgaon also provide a good opportunity for investors who are looking for tax benefits. This is because the rental income earned from pre-rented properties is considered as regular income, and thus, is taxable. However, the buyer can claim a deduction on the amount of interest paid on the loan taken to purchase the property, which ultimately reduces the tax liability.
Lastly, pre-rented properties in Delhi and Gurgaon also provide a good option for investors who are looking for a property with a lower maintenance cost. This is because pre-rented properties are generally well maintained by the tenants, who are responsible for the regular maintenance of the property. Moreover, since the property is already rented out, the buyer does not have to spend any additional money on maintenance.
In conclusion, pre-rented properties in Delhi and Gurgaon provide a good investment opportunity for buyers who are looking for steady rental income, lower risk, lower price tag, ready-to-move-in condition, long-term investment, tax benefits, and lower maintenance cost. However, it is important to do thorough research and due diligence before investing in pre-rented property to ensure that the property is in good condition, the documents are in place, etc.