Lockdown Effects on RealEstate – Part 2
We are now 4 months into the lockdown and the situation is getting worse by the day. Few months back none of us could have envisioned such instability. All the markets in the world are experiencing a downturn. So the burning question is what investment will be stable? Since the equity markets are not going to yield anything anytime soon, investors are trying to pick tangible investments like Gold and RealEstate to put their money into. Both these are tangible products and are safe and stable at all times.
Coming to real estate, you must be debating whether this is a good time to invest. All the indicators are pointing in this direction. For Indians, owning a home has been traditionally considered a matter of prestige as well as safety. Due to this pandemic Real Estate prices are expected to remain stable and not rise. On top of everything, real estate is not paper money, this is the asset which you can hold tangibly and also enhances its reliability and return on investment.
With the current situation, there is a change in the consumer behaviour and millennials are looking to buy residential properties in the mid and affordable segment. The affordable housing segment has grown at a rapid pace with the backing of the Central Government through its flagship initiative of Pradhan Mantri Awas Yojana (PMAY). Deducting of reverse repo rate, extension of RERA deadline and the recapitalization of NBFCs alongside earmarking INR 10,000 crores for the National Housing Bank (NHB) will ensure a smoother flow of capital to HFCs thereby expanding credit support to developers. All these steps will influence buyer sentiment and increase the changes of higher purchasing power. This segment has always had a great demand and post Covid-19 it will increase manifold as fence-sitters will buy them.
RRHousing has always been the go to builders for affordable quality homes in and around Coimbatore. We are offering several incentives currently to potential buyers. We are having a special EMI offer on RR All Seasons where you can book your home and pay the EMIs next year, 2021. Our ready to occupy apartments in RamanathaPuram @33L is a centrally located complex. Similarly our RR Swara project at Saravanampatti, 1BHK & 2BHK starting @29L is a great investment. With just Rs 50k you can have your very own home in RR Swara. Both these properties will yield good rentals and are a wonderful investment. We are known for our after sales service and you can rest assured that you will be taken care of if you book a home with us.
The post-pandemic world will be good for the real estate sector, the one sector that will emerge as the silver lining in such a bleak scenario. Timing is crucial when one is considering investing in real estate. And the time now is ripe to put it through action. Financial security is foremost on people’s minds and one must deploy their money through multiple avenues. In the current situation, real estate offers you the best bet — stability, security and safety.
https://www.cnbctv18.com/real-estate/why-you-should-invest-in-real-estate-now-5697431.htm
