We are all caught off guard!!
A pandemic we never realized would hit us so hard as COVID-19 has. Nonetheless, the fact remains that we have to move on with our lives and try to figure out ways possible to overcome this precarious situation. Yes, there have been financial implications that we might not have thought about a month ago, but having said that, there lies one sector which should be given a thought during these trying times. And that’s Real Estate. Property investment after covid makes a lot a practical sense. Here are some of the many reasons that will push you to consider a real estate investment!!!
Reduction In Home Loan Rates
The Reserve Bank of India, on 27th March this year, announced a drop in the repo rate from 5.15% to 4.40%. The result: Banks getting funds from RBI at a lower rate; the benefits getting transferred to the consumers too in the form of attractive Home Loan interest rates. The ripple effect of this could be seen in people investing in real estate more than anything else.
Best of The Lot
Due to COVID-19, Stock Market has seen an unimaginative drastic drop. It will take longer to understand how Mutual Funds and other investments would rise to the occasion, or they wouldn’t. The safest bet of all is property investment. Though the sector has seen tumultuous times of late but if you are willing to hold yourself for 2-3 years, then be ready for an attractive return on investment.
Offers Galore
A silver lining due to the present lockdown is the number of offers that are showered by Real Estate brands across geographies. From cash discounts to low down-payments, you can get them all. It’s highly unlikely that you get offers like these during normal times, but as they say, desperate times call for desperate measures.
High Bargains
Job Market has taken a hit. Many people, unfortunately, have either deferred their decision of buying abode or even dropped it. That’s where investors come in the picture and can avail huge rebates on closing the deals.
Research To The Core
Most of the developers have a great online presence. Under lockdown, people can browse through their potential investments and make informed decisions. Make the most of the spare time by comparing projects, amenities, and credibility of the developers and zero down on the best. Invest in real estate only after a thorough research and understanding of builder reputation, locality and legal formalities.