Benefits of Investing in Real Estate while Such Global Pandemic?

The COVID-19 pandemic has now become a truly global phenomenon with billions of people across the globe living under some sort of lockdown. The short-term human and economic impacts are undeniable as people stay home, the majority of offices and shops are closed, and the production halts. All of this owing to the coronavirus crisis has hugely impacted the world economy as well as a majority of sectors across the globe, including most trusted real estate projects in Gurgaon. However, there lies an opportunity in every crisis, and COVID-19 looks no different.

According to a recent survey of the Real estate industry experts, which was an attempt to gauge homebuyers’ preferences during the pandemic, which will invariably lead to the emergence of significant trends in the Indian real estate industry — all industries including the real estate sector in India are now diligently working to innovate and strategize their business. Among the key noticeable trends, the residential sector is all set to embark on a different growth trajectory with ‘home ownership’ gaining significant preference among the new-age millennials and Covid-19 hasn’t dented demand for affordable homes. As per market experts, it can be a very positive time for home buyers as they are at an unprecedented advantage to negotiate good deals on ready-to-move-in options as well as under-construction projects. Homebuyers are also likely to benefit from all-time-lowest interest rates on home loans and most feasible payment plans, this industry has ever offered to the buyers. Further, a majority of respondents now largely favor risk-free investments. Also, online home sales will begin to gain traction and leading developers with a good track record will be the main beneficiaries of this change.

There would be few questions a Homebuyer should look into before investing and involving their hard-earned money at this time of Economic instability:

1. Benefits of investing in Real Estate while such Global Pandemic?

As mentioned, the homebuyers are likely to save some handsome money by paying less interest on home loans, this might just be the perfect time for homebuyers to seek and look for their dream home. Few advantages to investing now could be:

·         You can get better deals with some negotiations

·         If you are looking for investment, the real estate sector is one of the safest options as your investment is risk-free.

·         Feasible payment plan

·         There are plenty of Ready to move in properties wherein you can move immediately after lockdown

·         Low interest on loans can save you few thousands

2. Safe investment at this Global Crisis

As mentioned earlier, since the economy is unstable globally, a Homebuyer should have top priority to invest in the right and secure industry. Stocks and other banking-related investment plans have been down falling at this crisis. However, even at these unprecedented situations, physical assets undoubtedly render the highest sense of security especially during exigencies such as COVID-19 or when stock markets plummet to new lows and financial markets witness a turmoil.

3. Home-ownership to the top priority for Homebuyers

The Real estate industry is a form of Tangible investment and hence it brings a safe and secure sense of investment. Especially, Ready to move apartments instead of long due projects with the waiting time of a few upcoming years brings even more security and homebuyers are getting inclined towards Real estate investment now.

4. Huge savings due to lower home loan rates

Out of all the participants who were previously in no mood or reluctant to invest in real estate, they have now changed their decision during the recent lockdown period. This again is because of a high sense of security that physical assets provide during such exigencies & lower home loan interest rates also play a prime role, which is currently at an all-time low. This will help the buyers to save a good ample of money if they take the step up now.

4. Pandemic hasn’t dented demand for affordable homes

It was widely anticipated that the affordable segment would be the worst affected in 2020 due to Covid-19 as concerns over its target audience’s limited income and fear of unemployment continue to rise. However, it doesn’t seem so, rather the home buyers are showing a tremendous inclination towards the purchase of new budget and suitable homes, this could have been either due to a sense of secure investment or lower interest rather or both.

5. Most of the Home buyers opting for Ready to Move homes

In a significant trend seen during this pandemic of COVID-19, unlike before many respondents seeking property from the investment perspective prefer ready-to-move-in homes. Most of the home buyers prefer ready to move homes over under-construction ones probably because construction activity is completely halted across the country, inevitably leading to project delays by several months. This again brings instant possession and brings immense security of tangible investment.

6. Investment with renowned and established Real Estate companies with the least execution risk

A majority of respondents now largely favor risk-free investments. No wonder, demand for developers having the least execution risk is at an all-time high, even if the property is relatively higher priced. Home buyers feel secured and preferred investing their funds comparatively higher-priced property from renowned and branded developers over smaller ones that sold properties at a lower price.

We, Bestech Group have successfully completed 30 successful years in the Gurgaon’s Real estate industry . We believe in establishing great Customer relations and gain their faith and trust. Since inception, we successfully delivered many prestigious residential, commercial, and retail properties in the areas of Gurgaon, Mohali and Daruhera. Bestech Group is well-known for its unwavering values, robust engineering, and a pursuit of excellence that has led to the highest degree of customer satisfaction in each project. It strives to serve the customer's needs by integrating future demands by not only employing ultra-futuristic technologies but imparting them a human face.

We provide options to our Homebuyers to choose from super luxury  3 BHK and 4 BHK apartments in sector 81 Gurgaon with our showcase projects like Park View Grand Spa Spa Signature and Park View Signature. These residential options can be availed in New Gurgaon’s sector 81 and sector 92. These projects are offering Ready to move 3 bhk and 4 bhk apartment in New Gurgaon with multiple layouts to choose from.

If you keep a leap of faith on us and give us a chance to give you a hand towards your Dream home, we will never let you down.

We feel profoundly joyful fulfilling a Home Dream of our buyers 😊