The COVID-19 pandemic has now become a truly global
phenomenon with billions of people living under some sort of lockdown
quarantine. The short-term human and economic impacts are undeniable as people
stay home, offices and shops close, and the production halts. Once the risk to
human life has reduced and steps are taken back toward a fully productive
economy, it is worth spending some time forecast what could 'new normal' look
like.
In the real estate sector, we can see that the pandemic has
accelerated some trends already in evidence, whereas other trends may reverse.
For example, demand for online shopping has increased and will likely continue,
while the ongoing trend for the densification of work and living space is now
under scrutiny. Across sectors these trends differ and have varied implications
for real estate demand.
Though the Indian real estate market is reeling under the
COVID-19 impact, market experts say that 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. Homebuyers are also likely to benefit from
all-time-low interest rates of 7.15 to 7.8 per cent on home loans.
Whether or not to invest in Real Estate while such Global Pandemic?
As mentioned, the homebuyers
are likely to save some handsome money by paying low interest on home loans,
this might just be the perfect time for homebuyers to seek and look for their
dream home. If not much, the lower interest on loans can save you few grands.
Also, considering that all the businesses and market rates are going down, it might open a window for you to negotiate on the final price of your Dream home.
Is it going to wise investing in Real estate property in Delhi in such Global Crisis?
Well, to answer this query
honestly, you need to deep dive into the Realtors you are investing with. There
might be a lot of Business crisis in the market given the situation around.
However, we have been the leading players in the business for over a few of decades and sold over 15000 properties whilst successfully delivering over 250 projects within the promised timeline. Hence, we reckon that our experience and robust service results in the best deal to cater our clients requirement. We call our reputation for striving to be the best in whatever we do and achieving the impossible, as the Jainco standards and principles:
·
Jainco creates
positive human impact through responsible enterprise.
·
Jainco has deep
market knowledge and know-how customer preference and uses it to maximize
returns and great deals for its clients.
·
Each Jainco
employee on-board assures delivery of value system offering selfless,
trustworthy, and reliable relationship throughout the transactional experience
and is eminent example of Jainco Standard, and group’s most valuable asset.
· Jainco believes that the key for customer satisfaction is Post-Sales Services and endeavour to exceed customer expectation.
Why to invest in real estate now instead of sometime later, when things are stable?
A recent survey observed that post the pandemic a majority of real estate buyers (90 per cent) expect a price correction and 31 per cent of them felt that real estate is still the best option to invest followed by fixed deposit, gold and the stock market since this can get them immensely great profits in a few years from now.
The survey found new trends in the real estate market due to COVID-19 such as a big shift towards the adoption of online portals, with 75 per cent of people, for whom offline was the first and only major source of property search earlier, saying that they now prefer opting for online real estate portals to search their dream homes. There has also been a demand for virtual tours or visits wherein 60 percent of home-buyers stated that they would prefer to do virtual tours either to shortlist or to finalise their homes.
So why are you still sleeping over the thought of
getting your Dream Home?
Life just gives us few great opportunities, it’s time
to redeem it.
