The Hiranandani Group unveiled a financially sound assured rental scheme for the next five years at its boutique project, Regent Hill (B Wing), located in Hiranandani Gardens Powai, Mumbai. The project comprises next-Gen modish 1BHK homes for affluent homebuyers, said a press release. The living experience at Regent Hill enriches life with a unique experiential lifestyle and unadulterated quality of life added the release.
The COVID-19 pandemic, said the release, has urged homebuyers to consider real estate as a steady and safe bet for investment. Following this, the demand for owned house and rental living at Hiranandani Gardens Powai has seen an uptick movement, it said. The guaranteed rental income with capital appreciation on property investment makes a valuable investment proposition for smart investors and homebuyers, the release went on to say. .An investment in 1BHK Regent Hill homes offers a value proposition of Rs 50,000 per month rentals with an annual escalation of 5 percent, against the overall cost of apartment priced at Rs 1.49crore. The investment, said the release, offers higher tax-adjusted returns on rentals than those on fixed deposit in a bank.
Niranjan Hiranandani, Co-Founder & MD, Hiranandani Group, said, “The slipping economic turmoil due to national lockdown has led to higher volatility in financial markets resulting in falling interest rates to tame rising inflation. The recalibrated economic restart has led the investor community to re-evaluate the investment options for steady income. The wild swings aftermath in stock and debt markets has nudged the investor community’s attention to the registered growth and steady income that real estate investments will offer.”