Is it a Good Time to Buy a Property During COVID-19?

As you know the novel Pandemic has left big scars on everyone’s heart and you can still see the impact in any industry. So keeping that in view, many investors or home buyers are in dilemma and thinking that is it the right time to buy a property.

So if you are also a keen investor and wishing to buy a property in this hard time then get to know about some reasons because that may help you or guide you to purchase property in this tough time.

Let’s take a look on 7 reasons to buy your dream home in times of COVID -19: -

Supply-side factors positively influencing the market

Past events have a record that, when the world has faced a magnitude such as a dotcom crash, oil crisis and the global financial crisis. At that time the entire world’s economy was not in very good condition and the outcome was seriously made everyone weak financially for a certain period.
 

And now the novel Pandemic COVID -19 has brought not the same situation but created almost a partial condition in the economical world. Although, we face a lot financially still the situation is getting better day after day and that is why the situation is now in control and the impact was quite low.

So if you are considering home buying then you can go for it, because during the GFC (Global Financial Crisis) the valuation in the market was overheated and now the situation becomes different and you can see a lot of change in today’s’ housing market.
 
Now the situations in banks are in better as compare to the previous situation, banks can lend money for such kind of big investment. Hence you can easily get home loan assistance in your every investment.
  
Home loan interest rates at a record low

The Reserve Bank of India (RBI) also reduced the repo rate in the recent past and your home loan interest rate dropped up to 7 % levels. So from that perspective, you should not let the chance out of your hand because you might not get this chance again and if you get that, then maybe your dream property will be sold out by that time.

Real Estate a Stable asset

We all know that investing in real estate sector gives lucrative benefits in the later years and that is why almost investor chooses this sector for huge benefits in the future. So in other words, real estate is a stable asset from any point of view.

Property available at reasonable prices

COVID -19 bring the housing market in such a situation that, most of the developments’ cost is dropped down which is creating the best time for end-users to buy a property.

Better Deals

After Pandemic, most of the home buyers prefer to purchase ready to move property and hence where they can get best deals and discount, affordable range property which is well –equipped with all requirements at just one address.

Along with this, there are many residential projects which are under construction Phase and to achieve their target in time definitely, they will offer special deal plans and that is why this is the right time to buy a property.

If you are seeking property under such circumstances then Sobha City Gurgaon is the best option now in sector 108 Gurgaon by the renowned developer Sobha Ltd.

Why should I invest in Sobha City Gurgaon during Covid -19?
 
If I’ll give the finest reasons then, you will surely not deny buying a property in this residential development. Sobha City Gurgaon is a top residential project now in Gurgaon which is presenting a city life within a city. That means, the project itself is a city within, where everything is planned as per the current standard manner to offer the residents a comfortable living throughout life.

You will get 2 & 3 BHK bed residences plus the wise collections of amenities are planned where you can enjoy a blissful life. Likewise, the project location is giving excellent connectivity to many prime places to Delhi which enables you to reach within a short period of drive.

Conclusion

The above-mentioned reasons are enough to buy property in such a tough time and can give you the right assistance to choose your kind of property.