ZameenKarachi Residential PlotsScheme 33 Residential PlotsGulshan-E-Elahi Residential PlotsResidential Plot 51973357
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Gulshan-E-Elahi, Scheme 33, Karachi, Sindh
1
Map
120 Sq. Yd.
Overview
Details
- TypeResidential Plot
- PricePKR10 Lakh
- LocationScheme 33, Karachi, Sindh
- Bath(s)-
- Area120 Sq. Yd.
- PurposeFor Sale
- Bedroom(s)-
- Added2 days ago
Description
Non-possession properties, also known as non-occupational properties, refer to real estate that an individual owns but does not occupy or live in. Here are some benefits of owning non-possession properties:
1. Investment Potential: Non-possession properties can serve as a source of passive income. By renting them out, owners can generate regular rental income, which can be a significant financial benefit.
2. Appreciation: Real estate generally appreciates over time. Owning non-possession properties can lead to capital gains when the property value increases, providing a profitable return on investment when sold.
3. Tax Benefits: In many regions, property owners can benefit from tax deductions on mortgage interest, property taxes, and depreciation. This can reduce the overall tax burden and increase net income from the property.
4. Diversification: Investing in non-possession properties allows individuals to diversify their investment portfolios. This can help mitigate risks associated with market fluctuations in other areas, such as stocks or bonds.
5. Flexibility: Owners of non-possession properties have the flexibility to decide how to manage their investments. They can choose to rent, sell, or hold onto the property based on market conditions and personal financial goals.
6. Leverage: Real estate can be purchased using leverage, meaning owners can finance a portion of the property with a mortgage. This allows them to control a more valuable asset with a smaller initial investment.
7. Retirement Planning: Non-possession properties can be part of a retirement strategy. The rental income can supplement retirement savings, and the property can be sold or passed down to heirs, providing financial security.
8. Market Demand: Depending on the location, there may be a strong demand for rental properties, especially in urban areas or regions with growing populations. This can ensure a steady stream of tenants and income.
In summary, non-possession properties can be a valuable addition to an investment strategy, providing income, potential appreciation, tax benefits, and flexibility. If you have specific questions or need more details on any aspect, let me know!
1. Investment Potential: Non-possession properties can serve as a source of passive income. By renting them out, owners can generate regular rental income, which can be a significant financial benefit.
2. Appreciation: Real estate generally appreciates over time. Owning non-possession properties can lead to capital gains when the property value increases, providing a profitable return on investment when sold.
3. Tax Benefits: In many regions, property owners can benefit from tax deductions on mortgage interest, property taxes, and depreciation. This can reduce the overall tax burden and increase net income from the property.
4. Diversification: Investing in non-possession properties allows individuals to diversify their investment portfolios. This can help mitigate risks associated with market fluctuations in other areas, such as stocks or bonds.
5. Flexibility: Owners of non-possession properties have the flexibility to decide how to manage their investments. They can choose to rent, sell, or hold onto the property based on market conditions and personal financial goals.
6. Leverage: Real estate can be purchased using leverage, meaning owners can finance a portion of the property with a mortgage. This allows them to control a more valuable asset with a smaller initial investment.
7. Retirement Planning: Non-possession properties can be part of a retirement strategy. The rental income can supplement retirement savings, and the property can be sold or passed down to heirs, providing financial security.
8. Market Demand: Depending on the location, there may be a strong demand for rental properties, especially in urban areas or regions with growing populations. This can ensure a steady stream of tenants and income.
In summary, non-possession properties can be a valuable addition to an investment strategy, providing income, potential appreciation, tax benefits, and flexibility. If you have specific questions or need more details on any aspect, let me know!
Location & Nearby
Gulshan-E-Elahi Map
Nearby
Home Finance
Calculate and view the monthly mortgage on this residential plot
Conventional
Interest Plan
Ghar Sahulat Scheme
Employment Status
Salaried
Property Price
PKR
Loan Period
Years
Down Payment
%
PKRInterest Rate
%
Monthly PaymentPKR9 Thousand
Bank Finance AmountPKR7 Lakh
Payment Breakdown
InterestPrincipal
Price Index
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Prime Associates
Arshian Rehman