Coronavirus Unlock: Is Now A Good Time To Invest In Residential Flats In Thane?

Coronavirus had such a strangling effect on the Indian real estate market that it brought property transactions to a halt last year when the country was put under lockdown between March and June 2020. Since then, the market has made numerous steps toward recovery, and just as it appeared that a recovery was on the horizon, the country was hit by yet another wave of the virus, this time even more lethal.

Experts predict that India`s real estate market recovery could endure till 2022. The value of having residential flats in Thane has been recently highlighted by COVID-19. Only our own homes can provide us with a sense of safety and comfort during these challenging circumstances.

During the lockdown, homeowners benefited from well-designed homes that make the most of every square foot, as well as well-ventilated residences in well-planned complexes with plenty of open space. There is no better time than today to invest in upcoming residential projects in Thane if you want to improve your living space and lifestyle.

Top 6 Reasons to Buy Residential Flats in Thane:

1. Cheapest Ever Home Loan Rate

In the last 15 years, house loan rates have never been lower. RBI cut the lending rate, or repo rate, for commercial banks, which means banks would be able to offer lower-interest housing loans to customers. With lower EMIs, you may be able to consider a larger home in a better location than you had intended. Furthermore, income tax exemption and government incentives for inexpensive housing make it even more appealing.

2. Invest In Your Future

The recent financial crisis has brought attention to the necessity of owning residential flats in Thane. It not only assures your and your family`s protection, but it is also a safe investment asset with minimal risk. In a recent poll, 48 % respondents said real estate was their preferred investment area.

3. Low Interest Rates

After ages, interest rates are finally likely to remain low, around 0%, until at least the end of 2023, according to the Fed. That means you don`t have to rush to buy a home before interest rates rise, and it also gives property management firms the assurance that the economy will remain as stable as possible for the time being; giving investors plenty of time to plan and buy residential flats in Thane.

4. Better ROI on Residential Flats in Thane

With lower home loan rates, this is also a good time to buy a property for investment purposes. You might choose a ready-to-move-in house that you can rent out and start generating money right away. In metro cities, rental revenue is now set at 2.5% of capital value. You will also benefit from the increase in the value of your property.

5. Sustainable Investment Option

When compared to equities, real estate has been revealed to be the best long-term investment asset. Unlike equities investments, real estate investments are not subject to market volatility. As a result, real estate is a secure asset to invest in.

6. Reap the Benefits of the Affordable Property Trends

The affordable housing segment has grown in popularity as a result of the government`s push for housing for all. Several well-known developers have begun work on affordable housing developments.

As an early participant in the sector, Raunak Group has a thorough awareness of consumer tastes and contributes to the segment`s quality development. It offers inexpensive residential flats in Thane without sacrificing lifestyle features and amenities. This sector is flourishing due to available subsidies and tax breaks.

NRI Real Estate Investment in the Aftermath of COVID-19

The fundamental motivation for Non-Resident Indians to invest in real estate has been to rent it out. However, the uncertainty created by the global epidemic has prompted the NRI community to invest in India as well. NRIs are actively exploring for investment opportunities in the Indian real estate sector, with deposit rates in the range of 6-7 percent and the rupee`s value versus the US Dollar decreasing.

As a result of the pandemic on residential flats in Thane, the usage of virtual visits has increased, allowing the NRI population to browse, select, and invest in real estate online.

According to reputable research studies, NRI real estate investment in India was $13.3 billion in FY 2021. In comparison to the previous year, this is an increase of nearly 6%. However, in the aftermath of the second wave and the resulting anxiety of uncertainty, a part of the NRI population has begun selling their existing houses.

However, this may not be a pan-India trend because NRIs who have invested in Pune, Mumbai, and Bangalore have chosen to stay put. Bangalore has risen to the top of the list of preferred destinations for NRI investment.

Furthermore, NRI real estate investment in India is estimated to surpass $15 billion in FY 22.

Positive Outlook for Indian Real Estate in 2021

Despite the fact that the pandemic had a significant influence on the industry in 2020, better days are foreseen in 2021. The demand for residential flats in Thane will be high in the coming year, owing to the increased importance of homeownership among purchasers and investors.

In these extraordinary circumstances, stakeholders from all sectors have the opportunity to rethink their strategy structurally in order to achieve long-term recovery. To accomplish so, it would be necessary to abandon established tactics in favour of new, transformative approaches, which would be aided by extensive technological adoption, continuous policy drive, and increased investment interest in India.

Conclusion: Final Thoughts!

Let`s admit it, the Corona Virus isn`t going away anytime soon! That isn`t really an uplifting attitude, but it is a cause to keep doing what you were planning on doing.

Running a business and making money is undoubtedly difficult right now. But we`re always up against obstacles, whether it`s a health condition, dealing with an elderly parent, or dealing with our children.

If you`ve had your eye on a few residential flats in Thane but planned to buy them in segments, you still have time, and there`s no reason to abandon your plans. There is no such thing as the ideal time to start or build a business. Something is nearly always going to go wrong at some point. As an organisation or an individual, it is your responsibility to ensure that everything runs smoothly.