Why should you invest in real estate now?

The coronavirus pandemic has disrupted life as we know it, and real estate has been at the receiving end too. However, real estate has once again emerged as the safest investment option during present times. We take a look at the factors that make now a great time to buy a home.

1) Positive influences

A house is a tangible asset, and the possession of it enhances reliability. Ownership of the house brings with it an unmatched sense of security. Clubbed with the ongoing weakness in the equity markets, industry pundits say that the economic health and financial position of the residential real estate market is relatively better than during the crisis of 2008.

2) Low Home loan interest rates

The Reserve Bank of India (RBI) has reduced the repo rate on multiple occasions resulting in home loan interest rates plummeting to new lows. This provides an aspiring homebuyer with many options especially if they have a high credit score. With careful planning, an aspiring homebuyer can maximize the benefits they reap out of this condition.

3) Better Government support

The Government has, over the last couple of months been very prompt at announcing various stimulus packages. The prompt action from the side of the government has instilled a sense of strong support in the minds of the masses. People are aware that the dependency on global funds for the residential sector is limited. Residential real estate demand is mainly local. The incomes of people have remained stable ensuring that they invest in real estate which has emerged as a safe bet.

4) Property available at reasonable prices

Another good reason to buy a dream home in current times is the availability of housing units at reasonable prices. According to industry pundits, the homebuyers have a wide selection of options to choose from in almost all locations and budget bandwidths and can buy ready-to-move-in properties at prices that were previously seen only in under-construction projects.

5) Better Deals

If you are someone who has extra cash to spare and has been undecided about investing in a house, now is the right time to take the plunge. The kinds of offers and realty deals which homebuyers are getting now may last only for a limited time.

Considering the above factors, we feel now is the right time to invest in a flat at Indroyal Properties’ prestigious apartment complex, the Uptown in Trivandrum. Call us for more details.