Unfortunately, uncertainty is prevailing during COVID-19 in every aspect like stock exchange, residential property in Gurgaon, job security, amongst other things. With everything going around, you would think that buying a luxury home in India is completely out of the question, but you might be surprised to know there are several positives if you are planning to invest in real estate at this point.

Advantages of Real Estate 

  • Currently, the rate of interest is at the lowest end: Repo rate is as low as 4.4 percent, which is the lowest ever. Hence, bringing down the loan rates as well.
  • You have the freedom to negotiate on your terms: liquidity and cash flow have, unfortunately, made developers and agents very desperate. So this is the right opportunity for you to negotiate if you have already visited the site of the ready to move property in Gurgaon.
  • You might also face a slowdown on demand and supply: As you might be aware that the demand at this point has slowed down, and supply has dried up as well. Hence, the newer projects might get picked up a little slow even after the pandemic, giving the potential of price hike of the properties.
  • Real estate investment is safe: For people who like to invest: real waste is a safe bet. Many experts have mentioned how there might be higher returns in the property once the pandemic is over. If you are thinking about residential properties, then the returns could be almost twice and 1.5 times on commercial properties.

How to Commence Your House Hunt?

  • Take help from search engines when you are trying to search for properties and listings in your desired locations.
  • Don’t forget to look up at the RERA portal of your state to check the authenticity of properties.
  • You can easily allocate information and feedback regarding the projects and developers of your interest from different forums.
  • Take help from virtual reality or augmented reality walk-ins for your projects of interest.

Points That You Must Consider Before Real Estate Investment 

  • Due to the current situation, you could face some project related delay. As construction workers and coming and going back home, this might lead to a problem. So investing in a ready to move property is the safest bet.
  • You might face some issues in liquidity. With no sale happening, developers might struggle in cash even after the pandemic is over.
  • When talking about economic growth, then uncertainty follows not just in India but worldwide. This is because of the current humanitarian crisis that we are going through, India is highly dependent on the foreign economy.

Are you also wondering what would happen to the real estate market after the pandemic?

Post pandemic, you might see a paradigm shift in the way all the sectors operate. Some might prefer investing in technology. Renters might start buying their own house as it is considered more safe and secure now. In the end, real estate investment is the safest investment as we are all confined to our homes at this given point.