With the COVID-19 pandemic, people have realized the value of owning a house. With plenty of offers and incentives, people tend to think about investing in real estate. Also, the lower interest rate on home loans forces people to buy real estate now. We don’t know when these interest rates are going to increase.
There is an immense demand for investing in real estate right now. With the lockdown and people working from home in mind has changed the complete scenario for the real estate industry. Given the situation, more people are planning to invest in the real estate market. Keeping the current situation in mind. People are actively looking for houses that are comfortable, flexible and affordable. They also know that investing in real estate is going to be helpful for them in the future and in their time of need. It acts as your best investment.
When it comes to investing, Indian people have always believed in investing in real estate and gold. They know the value of investing in both things. It’s the first step in securing your future. So buy your home before the prices go crazy. Don’t wait for anything. As there would be no better time than this. If you are planning to invest in real estate, don’t wait for it. The best time is now.
Here’s why it is the best time to spend in real estate now?
1) Reduced interest and home mortgage rates:
After the COVID-19 situation, The government has made several plans that offer reduced interest and home mortgage rates. Reduced interest and home mortgage rates have convinced many people to invest in real estate. Additionally, RBI has also announced a decrease in the REPO rate. It makes home mortgages even less costly. This decrease in home mortgages triggered even more people to invest in houses, expanding the real estate industry.
With the decrease in home mortgages rate, people tend to invest more in properties. They don’t feel worried about paying the home loan as low-interest rates mean fewer amounts of instalments that are easy to cover and manage with your monthly income.
2) Exciting offers and deals:
Real estate developers are continuously offering exciting offers and deals for the people. They are offering affordable payment plans and freebies for quick and instant sale transactions. They do not want their customers to leave them and go to another organization due to any reason.
With alternatives such as no EMI till ownership and booking a house with just 10% of the down payment. After the COVID-19 situation, many real estate agencies have also faced huge losses and want to recover those losses now. It is probably the best time to bargain with the real estate agents as they also want to increase their sales, recover from the losses and expand their business.
3) Tangible and safe investment:
The year 2020 has brought several changes in the industry, which have transformed the changing nature of high-risk financing tools such as stock markets. Whereas the real estate industry has is considered to be a more reliable and more stable purchase. People find it safer to invest their money in real estate as compared to the stock market. They know even if they spend their money today on buying real estate, they will get something big out of it.
Since the real estate industry is not traded based on the exchange of goods, prices will not change overnight. Even if they change and you invested in them, it will be profitable for you.
4) The value of the real estate is relatively low and will increase more in future:
If you buy and invest in real estate now, the price of the properties is more likely to increase in the future. After the Covid pandemic situation, many real estate agents are offering huge discounts as a medium to increase their sales. And if you buy real estate at comparatively lower prices, it is a win-win situation for you. As you bought that at low prices and can sell it further to anyone at higher prices. By doing this, you can make huge profits.
Or, if it is a spare house, you can even get it on rent. Renting the property will make additional income for you that you can spend anywhere or save it.
5) Post COVID-19 increase in demand for real estate:
With a decline in COVID-19 cases and the introduction of the vaccination, many businesses have started to reopen their offices. Many colleges and institutes are also opening again. Due to this, many workers and students that moved to their homes would also be coming back. They will be looking for a new place to stay, increasing the demand for rental homes.
Some small businesses would also be looking for a new place to establish their business and start again. It will increase the demand for real estate, and most likely, the prices will also increase. That is why if you invest in real estate now, you will get the advantage of making the most out of it.
Investing in Real Estate can be profitable right now as an overall increase in the real estate rates is bound to occur following years. Invest your money in the real estate business and enjoy the benefits of increasing rates of real estate.
Then and now again, the real estate industry has proved to be the best option for investing. For many people, real estate investments are once in a lifetime investments. Purchasing the properties from trusted and verified agents guarantees the best returns on your purchase. It is crucial to not just fall over the discounts and prices framed by the agents but to invest your money in reliable hands.
Contact us at Subha Developers. We will provide you with the best offers and deals that you cannot resist. We have years of experience in the real estate business, and we stay with you even after you buy the home.
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