A slowdown in the real estate market may not be good news for short-term investors – but it’s great news for long-term investors and genuine house buyers and. So, is it right time to invest in property? Let’s find out:
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Real estate is considered to be a preferred investment option, even in a volatile market scenario like the coronavirus pandemic. Over the past 10 years, there has been an average increase of 11.6% in housing returns per year, proving that the real estate industry offers more returns than gold or any other form of equity.
Beneficial Government schemesThe government and RBI have also announced the moratorium relief along with a reduction in the stamp duty, registration fee, and several other tax relief measures to promote real estate investment amid the coronavirus pandemic.
New Special Economic Zones:Many new SEZs have been proposed for cities like Pune, Bengaluru, and Chennai, which will definitely boost the workforce as well as the rental industry. So, even if you’re not interested in buying a house for yourself, you can still buy properties to rent them out.
Falling Home Loan Interest RatesSeveral leading financial institutions in India have reduced their home loan interest rates to as low as 6.65% compared to the 8-9% implemented earlier. However, this willingness by the RBI and the banks to reduce their interest may not continue for long. Therefore, 2021 is the right time to enter the market and get a home loan at affordable rates before they go up.
I hope you like my answer to “is it good time to invest in property in India.”
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Is it right time to invest in property?
Mehul
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3 Year
2021-09-28T17:07:04+00:00 2021-09-28T18:16:43+00:00Comment
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