Question: Why should I, as an NRI, consider investing now in flats and apartments for my future retirement plans?
Answer:
From the hustle and bustle overseas to the warm embrace of home back in the serene landscapes, pleasant climate, and rich cultural heritage of Kerala- this is what every NRI dreams and plans for. The decision to return back to Kerala is a significant one for Non-Resident Indians (NRIs). It is a journey filled with emotions, anxiety, logistics, and a myriad of preparations. While the thought of reuniting comes
with family and rediscovering the rich cultural heritage of Kerala is exhilarating, it also with its own set of challenges.
Investing in flats and apartments for the retirement can offer numerous advantages, rooted in both financial pragmatism and lifestyle considerations. Here’s why:
1. Stability and Tangibility: Unlike volatile stocks or intangible assets, real estate offers a tangible and stable investment. Flats and apartments have inherent value, and historically, they tend to appreciate over time. This stability can provide a reliable source of income or a valuable asset to sell when needed during retirement.
2. Rental Income: One of the most significant benefits of owning flats or apartments is the potential for rental income. By renting out your property, you can secure a steady stream of cash flow, which can supplement your retirement savings or provide a primary source of income after you retire. This rental income can be especially valuable as it tends to increase over time due to inflation and rising rental rates.
3. Inflation Hedge: Real estate is often considered an effective hedge against inflation. As the cost of living rises, so do rental prices and property values. By investing in flats or apartments, you can protect your wealth from the erosive effects of inflation, ensuring that
your retirement savings maintain their purchasing power over time.
4. Long-Term Appreciation: Historically, real estate has shown consistent long-term appreciation. While short-term fluctuations may occur, well-chosen properties in desirable locations tend to increase in value over time. For instance, the demand for hospitality, residential and commercial properties in Trivandrum city has seen a major spike in the past few years due to various promising projects like the Trivandrum Metro Rail, Vizhinjam Seaport & the 6-lane NH roads that are going to transform the landscapes of Kerala. By
investing in flats and apartments with growth potential, you can potentially build substantial wealth that will support your retirement lifestyle.
5. Tax Advantages: Real estate investments offer several tax benefits that can enhance your overall returns. These may include deductions for mortgage interest, property taxes, depreciation, and other expenses related to property ownership. By leveraging these tax advantages, you can maximize your investment’s profitability and minimize your tax liability, boosting your retirement savings in the process.
In conclusion, investing in flats and apartments for future retirement plans offers several compelling advantages, particularly when considering developers like Aroma Developers, who are known for building luxury and premium apartments in prime locations such as Sasthamangalam, PTP Nagar, Kowdiar, and Nanthancode in Trivandrum.
Investing in luxury apartments in Trivandrum ensures that your property value will likely increase and if you decide not to occupy the apartment immediately, you can generate a steady rental income, which can be a reliable source of funds during retirement. By investing in Aroma Developers’ luxury and premium apartments, you secure a future-proof retirement plan. These properties not only offer financial security and potential income but also promise a high-quality, convenient, and secure lifestyle, making them an ideal choice for retirees.