The trend of having multiple properties is not something new but this is becoming a mass act these days.Earlier multiple buying was not very common practice but these days its the hot favorite of the public to buy more than one house or land or any other form of property. The middle class or upper middle class find property buying better than investing money on gold or even in stock market.These days loan facilities are easily available and the customer has lot many options.The financial institutions are providing their customers attractive offers.The financial status of people gives them a freedom to go for second property.In some cases the need of a bigger house leads to another property buying and people prefer to retain their previous property as an investment.

Real Estate deal is a deal of appreciation especially land.Land value usually appreciates with the passage of time.The middle class is the biggest movers in this area as they are finding it the safest and easiest mode of investment.Job confidence is giving them the power to pay back loans easily and quickly.For some this is just for leisure.People prefer to have houses in hilly areas or some religious place where they often visit. Canfin Homes Chief Manager T Bakthavatchalam says that in the early 1990s with interest rates prevailing at 17%, the eligibility of a person was half of what it is now. Interest rates today have enhanced the repayment capacity of a person. The benefits from income tax too, were also not so much. A person would get a rebate of only Rs 30,000 , and income tax benefit on principal amount was only Rs. 10,000. Today, however, income tax benefits on interest can be availed till Rs 1.5 lakh. So a person can go for second house without a tax liability.He can create an asset on rent for which he will not be taxed. Few people see second home for settlement after retirement.Like there are many retired people who have settled in well planned cities like panchkula,chandigarh and its nearing areas.

With all this real estate deals the demand of real estate agents have also increased as they are the people who can guide the prospective buyer or seller in a proper way.People prefer realtors as they know the business better and can make the deal with ease and in little time.

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