5 Reasons to Buy a Home in Times of Coronavirus

Posted by Chandak Group on November 23rd, 2020

Coronavirus is spreading in every country, and many businesses are facing huge losses, including real estate all the time. In this pandemic, most builders reduce their prices, and at the same time, many companies reduce their home loan interest.

Own home is the dream of many people, and sometimes people buy property only for investment. According to the study, many investors willinvest in a property once the epidemic ends;real estate is likely to increase at that time.However, nowadays, some investors avoid investing due to a lack of market conditions. It's time for you to buy an apartment without any competitions.

If you are planning to buy 2 BHK for sale in Worli at the time of COVID, then this is the right opportunity for you. Let's cover some of the reasons that consider buying a house during Coronavirus.

1. Home loan interest record all-time low

The Reserve Bank of India has reduced the repo rate in a pandemic so that you can get a home loan at a 7% interest rate. Interest before the epidemic was 8% to 9%. You must have a good credit score before investing in residential properties for sale in Worli; of course, your loan and their EMI depends on your credit score.

2. Better Government Support

There has been an all-time reduction in the repo rate, and the government is offering several fiscal packages. In many cities like Bengaluru, Pune, the Mumbai government is spending more money on real estate, and at the same time, due to the low repo rate, the government is offering a chance to buy a 2 BHK for sale in Worliwith a fantastic loan scheme.

3. Real estate stable assets

Investing in property is a good option in the pandemic where every financial instrument is badly affected due to Coronavirus. That is why investing in various financial instruments can take a huge risk; only real estate get a profitable return after many years, along with you get your dream home.

Many builders provide services like yoga centers, gyms, and commercial premises; thus, many people can explore options like luxurious 2 BHK apartments at Worli.

4. Properties are available at reasonable rates

Another big reason for homebuyers is epidemic; in this, people get low deals compared to other times. In a pandemic, there is a significant reduction in real estate prices. Most of the time, people are scared to buy a house due to high rates. If you plan to buy 2 bhk for sale in Worli, you will get some fantastic flexible scheme offer from a few builders.

5. Better Deals

Only during the festive season people are getting better deals. Many companies reduce their interest rates at the time of the festival itself. In short, every time you have to wait for a festival or a flexible scheme from the banks. However, this time Coronavirus affected many industries, and because of that, you will get good deals from the markets for 2 BHK for sale in Worli.

Do not wait long to buy a luxurious 4 BHK apartments at Worli because anytime soon, this epidemic over, and the price will go up as much as possible.

Conclusion

Here we come to an end; we find out five main reasons for thinking about buying a house in an epidemic. It is straightforward because many industries are shut down due to Coronavirus, and people are afraid to invest in many financial instruments. Real estate is where you can buy a house with a low-interest rate, and you can get positive resale value at any time.

The Chandak group offers a comfortable stay at home and the enjoyment of urban living. For more information, visit https://www.chandakgroup.com/cornerstone/