Which is the Right Time to Invest in Real Estate

The pandemic brought the world to a standstill and took a toll on the economy of countries across the world. In the financial year of 2021, the GDP fell by 7.4%, the hardest it has been hit in recent memory. Apart from certain sectors like online retail and agriculture, every part of the economy was affected adversely by the pandemic.

However, from the third quarter of 2020, the economy has opened up, which has slowly revived the residential real estate. Today, the residential real estate market is seeing an upswing with more and more units being sold across the country. There is a surge in the number of launches by real estate developers and new projects are being launched constantly.

The new work from home culture has also sparked an interest in potential home buyers of owning their own home. More and more existing home owners are now looking to upgrade to larger houses, further boosting the real estate industry. Given the current scenario, the revival of the real estate industry in India is set to strengthen as time passes.

Now is the right time to invest in real estate as all major real estate developers are launching new projects. There are several early bird offers being launched by builders that offer substantial discounts and will result in money saving. Availing of these offers, which are offered in the prelaunch stages of a project will be an extremely beneficial decision.

In addition, the reduction in stamp duty is further added incentive to invest in real estate at the present time. There has also been a drop in home loan interest rates, making the reality of owning a home more lucrative. All in all, there is no time like the present in which to invest in residential real estate in India.

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