Why is now the best time to invest in Real Estate

Real Estate Investment

    Why Post-Lockdown Period is the best time for Real-Estate Investment?

    Are you sceptical about investing money in real estate due to the ongoing situation? Are you scared of the uncertainties that might follow? Here are a few reasons that will help you understand why the post-lockdown period is the best time to invest your money in real estate.

    The COVID-19 pandemic has had an impact on almost every sector, and real estate is no exception. 

    Do you know that real estate is one of the most popular investment options? Yes, you heard it right. 

    According to a survey conducted by National Real Estate Development Council (NAREDCO), real estate is still the most preferred mode of investment as compared to gold, stocks and fixed deposits.

    Real Estate prices are at their lowest

    Why real estate is the right choice for investment now?

    Real estate prices are at their lowest now, expecting them to fall more wouldn’t be the wise thing to do. The government is planning to recover the current market situation soon; the revival would take 6-8 months.

    Once that happens, prices would certainly go higher especially in big cities like Bengaluru, Pune, Mumbai, Delhi and Hyderabad.

    Right now, the market is slow and there are only a few buyers.

    There is a high competition between realtors and they are coming up with the best deals they can possibly offer.

    Developers have come up with schemes like free home appliances, free car parking and waiver of charges on the purchase of property.

    If you are someone who lives in a rented house in a metro city, this is a great time for you to invest in your own dream house. Experts say that paying rent is a losing proposition, but investing in a house of your own means building a lifelong asset for yourself.

    Currently, interest rates at home loans are pretty low. Thus, making this option an accessible one for the middle class.These offers are rarely available or are available only for a brief period; mostly during festivals.

    People from middle-class families might be doubtful about spending such a large sum of money in a non-essential product during these uncertain times. Sellers are offering massive discounts; easy payment plans and many attractive offers; which might convince potential buyers from the middle class to invest their money in real estate.

    Currently, prices are very low and end-users have the chance to buy a house at their favourite place and at a reasonable budget, because developers are willing to negotiate due to high competition

    E.g. Ganpati Infratech from Varanasi has come up with a great scheme. They have tied up with leading banks of Varanasi so that loans can be secured in less than a week.

    How this situation is different from past world crises?

    The COVID-19 pandemic isn’t like the past world crisis like the dotcom crash, the oil crisis, or the global financial crisis. This time the economic and financial condition of real-estate market is better as compared to the past. At present, the investment would give a lot of benefits, while back then it was completely uncertain.

    Earlier it was a seller’s market but now the nature of the market has changed and it’s now a buyer’s market. Not only is there a significant reduction in the home loan rates, but also an improved tax regime which benefits both developers and customers.

    The government is more supportive now and has taken various decisions in favour of the real estate market. It has been active in announcing fiscal and other stimulus packages, unlike the past. At present, the repo rate is the lowest compared to the 2008 levels making it a great opportunity for investors. For instance, to boost the stagnant real estate market, the Maharashtra government has decided to cut the stamp duty on housing units from 5% to 2% until December 31, 2020. It will be 3% from January 1, 2021, to March 31, 2021.

    Banks are in a better place to lend money as compared to 2008-2009 (The period of Global Financial Crisis).

    With the festival season kicking in, builders and real estate developers would come up with even more attractive offers. This is certainly the best time to spend your money in real estate.

    Before you invest your money in real estate, make sure that you do your research and consult experts. Make sure to invest in the best.

    OUR MISSION

    We want to be the most trustable builders in Varanasi, to be known for their quality offerings in terms of 2bhk and 3bhk apartments at affordable prices. With a passion for quality and innovation, we practice a philosophy of continuous improvement that ensures maximum client satisfaction. You can be assured of quality and service that comes with integrity, honesty and transparency.

    OUR VISION

    To be the leading real estate company in entire Eastern UP always exceeding our customers’ expectations. Our goal is to be the apartment home provider of choice–a goal we attain through our residents and employees. We understand that our customers define the standard of quality and service, and their loyalty must be earned.

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