Experts always advise that you should start making investments for your retirement early in life. Doing so will ensure that you have a stable income in your golden years, which will help support your lifestyle. Now, given the steady value appreciation of residential real estate, these assets are becoming an ideal investment venue for people who are planning their retirement.
This is especially true if you are purchasing apartments in Bangalore. As per a survey by Knight Frank, residential property prices in Bangalore are predicted to appreciate by 5% per year. Moreover, this city’s ever-expanding IT sector attracts youth from all over the country. Thus, the demand for residential property will remain high in the foreseeable future.
Advantages of Investing in Apartments as Your Retirement Asset
Here is how buying apartments in Bangalore can serve as an excellent retirement plan:
Excellent Source of Passive Income
No matter whether the economy is experiencing a boom or a recession, the demand for homes always remains constant. You can simply put your property on rent and gain the benefits of passive income.
Real estate serves as a low-risk investment when you decide to hold it for the long term. During the investment tenure, there may be periods of price falls. But, when the recovery phase arrives, their prices appreciate to higher levels. Moreover, these assets are far less volatile than stocks, which can wipe out your earnings overnight, during times of volatility.
Inflation is a factor that you must take into account while making any kind of investment. However, you do not have to worry about it if you are buying residential real estate. This is because when living costs increase during inflation, so does your rental income. So, in the long run, investing in an apartment can serve as an excellent hedge against market risks.
The best thing about property is that its value tends to appreciate with time. Thus, even if you need to sell it to meet any unforeseen post-retirement expense, you will receive a high-profit margin.
This is the case when you are investing in Bangalore flats. Given the rapid development of infrastructure in this city, the property value will keep on appreciating at a sustainable pace.
Why Choose Mahendra Homes?
Mahendra Homes is a major real estate developer based in Bangalore. Our latest project, Mahendra Aarya, is Electronic City’s first Sports Centric Community. Our 2 and 3 BHK flats in Electronic City Bangalore are designed to perfection with spacious living rooms, attached balconies, bedrooms overlooking luscious green spaces and more.
There are more than 50 amenities like 2 indoor badminton courts, a skating rink, a gym, a rooftop infinity swimming pool, a meditation deck, a jogging track, a BBQ area, etc. Apart from this, when it comes to connectivity, Mahendra Aarya is located at Andapura, which is just a 12-minute drive from Electronic City Toll Plaza. Moreover, a Metro Station is underway, which is an 8-minute walk from this location.
With so many amenities in place, it is safe to say that the value of residential apartments in Mahendra Aarya would increase manifold in the years to come. Thus, it is the ideal location to purchase apartments in Bangalore. For further details regarding flat for sale in Electronic City, call us now!