Is The Property Market Bankable In 2021 ?
April 6, 2020
The pandemic resulted in a global calamity that brought attention back to basics and secure investments and real estate has always proven to be a secure asset class and a tangible investment in times of crisis.
In 2021, there will be a surge in demand from both homebuyers as well as investors after witnessing volatility across markets; vouching for real estate as the safest investment preference. Key triggers like attractive rental returns and capital appreciation have augmented the trust of investors in this industry.
Now, are there enough reasons to purchase a property now? The answer is yes. With multiple benefits and relaxations from the government and authorities, like stamp duty deduction, lower home loan rates and other rebates; the sentiment is positive for investors and home buyers alike.
Home buyers are looking to upgrade to bigger spaces. Those with a 1 BHK are looking for a 2 BHK; and so on and so forth. From layouts to amenities; post-pandemic residences have drastically remodelled. A surge in the demand for developments that are well-planned and host a variety of facilities within their premises has been witnessed. A holistic premise which has all the modern amenities, is now the most sought after possession. The emphasis on this requirement has definitely raised many notches in the new normal.
With newly launched projects from various developers, buyers have a plethora of options to make their decisions and hence they will prefer investing in a credible brand to avoid any risks. Investing in a new construction offers the option of customizing their apartments in their initial stages and omits the need to repair and renovate making it a smart investment move. Informed buyers are opting for branded developers to ensure their investment is secure and the product quality is premium.
Buying a home and placing money into properties is regaining its old charm of being a tried-and-tested way to grow one’s investment continuously. It is one of the most crucial assets which one can pass on to their kids and generations to come, and if well-positioned, value of the property will continue to grow over the years. Time would pass but the profits of spending in real estate are only going to boost. It is a tangible asset that along with safety can also provide years priceless memories that will last a lifetime.
This truly is the right time to nurture your liquid cash into the most potential investment through brands that redefine and make real estate the most promising investment option. The economy has witnessed an acceleration the last quarter of the Financial Year 2020, recording a positive growth. The forecast of improvement will further act as a catalyst to the positive sentiment amongst investors; keeping up the momentum of demand in the sector.