Is buying a second home a good investment in India?

Buying a second home in the city or suburban areas is a good investment idea considering it can help generate a decent rental income. Keeping in mind the current scenario, the key source of income is being affected due to the pandemic for many. Real estate offers the prospect of earning a second income.

Is Pune good for property investment?

If housing investment is on your mind, then Pune is one of the thriving real estate markets in India. The presence of IT/ITeS establishments, pleasant weather, a multitude of choices across budget and higher Returns on Investment (ROI), make it one of the highly desirable realty hubs across Tier 1 cities.

Why you shouldn’t buy a second home?

The first two reasons why you shouldn’t buy a vacation home really ought to unseal the deal: property taxes and maintenance costs. Neither add to your wealth or the value of the property; they merely keep the property in your hands and not declining in value. That’s a lot of vacationing.

Which is the best area to invest in Pune?

• Wakad.
• Hadapsar.
• Viman Nagar.
• Pimple Nilakh.
• Mundhwa.
• Balewadi. Balewadi is a north-western suburb of Pune, located in the outskirts of the city’s older areas.
• Kondhwa. One of the oldest colonies situated towards the south-east of Pune, is Kondhwa.
• Undri. Undri is a bustling locality situated in the south-western part of Pune.

What are the advantages of owning a second home?

Second homes have the potential to offer many benefits for those lucky enough to be able to afford this type of investment.

• Income Potential.
• Long Term Profits.
• Tax Advantages.
• More Quality Family Time.
• Home Exchange.
• Diversify Your Investments.
• Purchase Your Retirement Home – Before Your Retire.