Pandemic accelerates home buying in India

The Covid-19 crisis acted as a demand catalyst for home buying from domestic as well as global Indians. NRI investors reassessed residential realty as a safe bet asset to invest on back of currency swap benefit, low home loan interest rate, deal sweetener by the developers, stamp duty waiver, flexi payment schemes, and digitisation of home buying experience which made it more rewarding.”

For the expatriate Indian, the market scenario skewed favourably with RERA that ensured transparency, accountability, and financial discipline. Thus, now seems to be the right time to invest in residential real estate with attractive pricing and less volatility compared to other asset classes.

The rising geo-political uncertainties, job insecurity also fuelled the demand to invest in Indian real estate- an asset close to home which also offers assured rentals from the branded developers making it a win-win scenario

Source Link : https://www.khaleejtimes.com/supplements/pandemic-accelerates-home-buying-in-india