Buying a home is an emotional decision for Indian homebuyers. Investing in real estate provides them with a sense of security as it is the least volatile asset and remains unaffected due to market fluctuations. This is especially true in a challenging environment due to COVID-19 virus.
SO, WHAT MAKES THIS AN IDEAL TIME TO INVEST?
Many developers are offering different schemes and deals to ensure that the enquiries and sales are not significantly impacted in the absence of physical site visits. Therefore, this is an opportune time for a homebuyers to secure a good deal on his/her purchase, along with other benefits.
CHEAPER HOME LOANS
Due to the recent repo rate cut by the RBI, home loan interest rates are at an all-time low. This makes buying a home now extremely lucrative.
LONG-TERM TANGIBLE ASSET
Home is a stationary, physical asset that provides reassurance and contentment over other financial assets, especially in the long-term.
RETRN ON INVESTMENT (ROI)
It is largely believed that real estate prices are one of the lowest at this time. In future, the value of such investment is expected to appreciate, making it extremely appealing for home buyers. This will help build wealth in the long run.
VARIOUS PRICE POINT OPTIONS FROM REPUTED DEVELOPERS
Many established developers are offering homes that suit the budget of an Indian home buyer. In recent times, demand for midrange and affordable homes have increased significantly, in the range of Rs. 45 Lakh to Rs. 90 lakh. Even homes with Rs. 1 Cr. Plus tag are much in demand as these are more spacious and full of modern amenities. This ensures that buying a home from a reputed developer within a budget is very sensible.
LOW RISK CHOICES WITH ESTABLISHED DEVELOPERS
While offering homes at different price points, the established developers are also offering low-risk projects that are completed or near completion.
RENTAL YIELDS
It is believed that rental yields from real estate are higher as compared to traditional sources.
