Real estate is taken into account together of the foremost stable and safest investments but within the post-COVID-19 scenario. Compared to the risks attached to buying stocks, which is unlikely to vary soon, or the low returns on keeping money within the bank, real estate investments are turning to be more fruitful.
Lockdown period has given a perfect opportunity for smart buyers to take a position their valuable time in searching, evaluating and shortlisting the alternatives for his or her dream home with credible builders, and technology is additionally helping such smart buyers get the simplest deal.
Today, the realty sector is moving towards a rapid digital transformation. Developers are increasingly leveraging, also as experimenting with new-age digital tools to interact with the purchasers. From video calls to social media to the computer game and Augmented Reality, we will see the penetration of land players. These technologies are helping developers provide a best options to showcase their projects. Virtual tour of the projects and have interaction with potential customers. This has led to opening wide doors that stimulate a buying decision in potential customers while still staying indoors.
In addition to the present, the recent report and past report cuts have led to cheaper home loans because the rate of interest is probably going to fall as low as 7 per cent. Hence, post lockdown is often considered as a perfect time for homebuyers who are firm on their buying decisions to return out and leverage these Property investments opportunity As these uncertain times are likely to be our new normal, it’s knowing accept it and invest wisely in products with longer time period and with good returns.
To make things more lucrative for land as stable investments, the government had announced a rise within the tax write-off limit to three on the interest paid. Further, the government had reduced the GST rate to a quarter for affordable homes and 5% for other under-construction homes last year. These provisions have recently left a mark of NRI Investments in Vadodara, Ahmedabad and other cities in Gujarat. And with the festive season round the corner, the momentum within the housing sector is probably going to proportion with attractive deals and offers.
Overall, the short-term impact of the pandemic could seem negative but it’s certain that when the corona pandemic subsides, smart home buyers will grab the advantage of better-priced deals, lower home equity credit interest rates and a myriad of incentives provided by the government. Likewise, corona indeed has taught us the worth of a stronger community and considering the positive changes within the same, it’ll be a win-win scenario for home buyers and developers alike.