Key Reasons to invest in Real Estate during Covid19

Real estate had been evolving at a phenomenal rate in India before the ongoing lockdown. Although it’s growth rate has slowed down in recent times on account of the COVID-19 pandemic, it does not spell doom for flat buyers. On the contrary, most real estate dealers are offering tempting lockdown offers to induce buyers to purchase property in the current times. They are taking proactive steps to convince buyers to make a real estate purchase without any hesitation or fear. According to them, the time’s just right to take the plunge as attractive lockdown offers are in the air. In fact, leading real estate tycoons have also slashed rates of their sought-after apartments. Making some effort to invest in real estate is sure to be a winsome deal that smart buyers will feel happy about in the coming times. Real estate developers are projecting this scenario as an opportunity that’s knocking which shouldn’t be turned down. Even though the current situation is grim and the pandemic should not have hit the world, focusing on taking productive steps should be a priority instead of feeling helpless. Extra time that we have at hand now should be utilized for doing deeper research and taking the right decision for crucial matters such as buying residential property for investment or for settling in there.

Another factor that has made smart investors think why they should  invest in real estate during Covid19 is unbelievably low home loan interest rates in India right now. It’s natural for financial institutions like banks to lower interest rates for the benefit of their customers. Most of the banks have cut down the home loan interest rates in India, which is slated to see customers through these trying times. Major banks like HDFC and others have taken customer-centric measures to ease financial strain on their patrons. Directives from the government and the RBI have made it possible for banks to pass on relief benefits like these in easy reach. Banks have also given an extension of moratorium on loans to their customers. Further, EMIs have also now been put on hold, which means there’d be no tough burden  on investors in the immediate future.  In fact, the authorities have been taking a slew of measures for the benefit of customers per the changes in the situation. These factors would beyond doubt, make investment in real estate a sound strategy.

Home loan interest rates in India are seeing a considerable fall coupled with other measures to take financial burden off customers decisively. It has made investment in real estate seem judicious to many experts as well now. In fact, experts are of the opinion that this is the right time to invest in Real Estate during Covid19. Home loan rates are at a 15-year low now.  Policy makers may give further boost and sops to home buyers as well as industries. Having a good amount of time at home due to lockdown also helps you ponder over decisions and consult knowledgeable people in detail. If you had been planning to make investment in real estate but took a step back due to uncertainties, do research about lockdown offers and how they’ll be beneficial for investment. Take a good overall view of what suits your budget the most with regards to making real estate investment right now. Get set to head in the right direction accordingly; it is likely to be a truly rewarding decision you’d make in life in tough times.

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