Whether to invest in real estate or put your money in fixed deposit for income depends on your personal financial goals, risk appetite, and investment horizon.
Real estate can be a good investment option for long-term wealth creation as property prices tend to appreciate over time. Additionally, if you invest in rental properties, you can earn rental income which can provide a steady stream of cash flow. However, investing in real estate requires a significant amount of capital, and there are also additional costs such as property taxes, maintenance costs, and potential vacancy periods that need to be factored in.
On the other hand, fixed deposits are a low-risk investment option where you deposit money with a bank or financial institution for a fixed period of time and earn a fixed rate of interest on it. Fixed deposits are relatively safe investments as they are not influenced by market fluctuations and are insured up to a certain limit.
If you have a low risk appetite and a short investment horizon, fixed deposits may be a better option for you. However, if you have a higher risk appetite and a longer investment horizon, investing in real estate may provide better returns over the long term.
It's always advisable to consult with a financial advisor who can help you understand your investment options and assess your financial goals and risk appetite to make a well-informed decision.