Among various investment options like gold and mutual funds, the real estate sector is one of the most lucrative investment alternatives. And that has been the case always. The concept of ‘roti, kapda aur makan’ really shows you how highly Indians have placed their desire for a home.
While the real estate sector came to a standstill in the year 2020 during the nationwide lockdown, it witnessed a shift in mindsets among people post lockdown. This shift continues to prevail, and people are looking to invest in real estate once again. And if you are considering investing in real estate, 2021 is the best time to do so, be it plots, villas or apartments. Here’s why.
Remote Working Option: With the pandemic taking over the world, the need for safety measures to be followed pushed employers to allow their employees to work remotely. This new work model and the fact that everyone was spending all their at-home has left them with a newfound appreciation for dedicated spaces in their residence for various activities. This working model will continue through 2021 as well. Because of this remote working system, builders will notice people investing in developing areas like Devanahalli. This way, they can stay away from the hustle and bustle of the city.
Offers and Schemes Continue: During festive seasons, top builders introduce various offers and schemes as part of their festive season sale. However, builders launched exciting offers and discounts, towards the end of 2020 to attract potential buyers and investors. Some of the attractive offers included:
- Pay 40% to book your dream home and pay the rest later
- With every booking win an iPad
- No cancellation charge
These and other such offers were making rounds during the last few months of 2020. This strategy helped to increase the sales of various real estate properties. Top builders will continue this strategy in 2021 as well.
Interest Rates are at an All-Time Low: In the latest bi-monthly monetary meet held on December 4, 2020, the decision to keep the repo rate unchanged was taken, the third time in a row. The repo rate and reverse repo rate remain at 4% and 3.35% respectively. With the last rate cut by the RBI, all major banks have lowered their home loan rates to a sub-7% level. With the interest rates on home loans being low already, the possibility for it to hit lower than this is slim making it the right time to invest in your dream home.
Increase in Demand: The swift rise in real estate investment has reduced the availability of these options. While you are considering investing in a certain property, there is someone who is also considering that property. It is time you act fast on your thoughts. So, if you are interested in real estate, the time to invest is now. Even plots are high in demand. People are looking at residential plots as an excellent long-term investment option. Gated community plots, villa plots, and plotted developments have seen a rising demand in the past few months and continue in cities like Bengaluru, Hyderabad, Chennai, Pune, and Gurugram.
So, don’t waste another minute and invest in real estate immediately. For those looking to invest in luxurious plots and premium villa plots, reach out to Merusri Developers today! We have curated premium living spaces and have plots starting from 108sq/meter for Rs. 50 lakhs* onwards at Merusri Serene. We offer a smart green life with top-notch amenities, innovative facilities and a stress-free lifestyle. Invest in a smart and healthy lifestyle now!