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Is Property Buying Beneficial During Global Pandemic-Covid 19 ?

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COVID-19 has changed our way of living, and this epidemic is influencing our life adversely. We have adopted many changes in our #NewNormal lifestyle and altered our work, home, and social life to prevent this virus. As we look at the real estate industry, it is reinventing itself to identify, understand, strategize, and implement innovative methods to meet emerging multifaceted demands.

In the wake of COVID-19, people have realized that it is better to own an apartment to deal with the uncertainties of living in rented accommodation. They also understood the importance of having real estate investment; because a stable return is a more reliable option than to invest in a highly unpredictable stock market with huge risks. According to a survey report by Anarock, 48% of people chose real estate as their preferred investment asset class, in which 59% of people are end-buyers. This survey also indicates that homeownership is now a compelling priority for millennials facing obscurity.

The idea of owning a home is on a distinct rise. There is a global impact of coronavirus; however, real estate portals are ready to face the challenges of Covid-19. The growth is moderate in the short run, but property buying is still lucrative and promising in the long run. Here, we explain two significant reasons that are beneficial for property investment during the COVID-19 epidemic. 

 

Lowest Interest Rate

 Several property buyers also admit that buying a property during Covid-19 is a wise decision as this is the best time to invest in Real Estate. The main reason for this decision is the most affordable home loan. Home loan interest rates had reached below 2008-09 levels when RBI announced a cut in the repo rate. Currently, the repo rate is 4.4%, the lowest ever, and the home loan interest rate is average between 7.15% to 7.8%.

 

Get a Chance to Bargain

Due to Covid-19, many industries are facing a financial crunch. Developers and property agents are ready to sell the property at the lowest price to generate the cash flow. They eagerly want to clear the inventories to increase liquidity. Some developers are also luring customers with fascinating deals like Book Now Pay Later, Refundable Booking Amount, Mission Azaadi, Login NahiWalkinKaro, and many more. Therefore, it is the right time to negotiate with the builder or a channel partner if you have already chosen the property. 

 

Conclusion

Every pandemic brings challenges and opportunities both. COVID-19 has converted millennials into fervent homebuyers who were always giving preferences to rented things. In this unpredictable time of unusual job insecurity, rent is over-burdening; so, acquiring a home has become a priority for a tech-savvy generation.

During this global pandemic, most of the buyers preferred affordable homes and ready-to-move property. Therefore, this is the perfect time to grab the deal and get your dream home at the lowest interest rate home loan and the most reasonable price. But before finalizing the property, the buyer should cross-check the locality, amenities, neighborhood, features, specification, and other charges of the project. 

Grab this best-ever opportunity to fulfill your dream of owning a home at the best location and the best price with India’s largest real estate service company Investors Clinic.

Impact of Credit Linked Subsidy Scheme (CLSS) Extension on Real Estate

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The tremors of COVID-19 have shaken the world with a deadly impact on humans’ lives and health; though, it has left adverse implications on the Indian Economy. Post lockdown 4.0, India is trying to resume its shape and return to normal life and economy in a strong position. And the announcement on the extension of Credit Link Subsidy Scheme (CLSS) till March 2021 is a ray of hope for the middle-class individuals to fulfill their dreams of owning a house. For the economically weaker section and lower-income groups, the Credit Link Subsidy Scheme’s extension is till March 2022.

Credit Link Subsidy Scheme was initially introduced under Pradhan Mantri Awas Yojna in 2015 for the economically weaker sections and low-income groups. It extended its benefit in 2017 for the Middle Income Group (MIG) as well, whose annual income is between ₹6 lakhs to ₹18 lakhs. Finance Minister Nirmala Sitharaman recently announced under the Atmanirbhar Bharat Package about an extension of the CLSS scheme until March 2021, which expired in March 2020. This extension will give ease to 2.5 lakh middle-income families in 2020-21 to opt-out for Loan on the Subsidy provided by the Government. For instance, a home buyer can get a subsidy up to ₹ 2.7 Lakh on the home loan.

This initiative would push to the middle-class section to think in the direction of buying their own dwelling. Simultaneously, it will open many opportunities for the Real Estate Market to grow both in terms of selling and renting. With the construction of 50 million housing units by 2022 as expected, it would indeed create job opportunities for the construction workers again, as COVID-19 has impacted that employment section as well. Till the date, the real estate sector supports more than 250 allied industries like cement, iron, steel, wood, etc. which would also reap benefits out of it.

The extension of CLSS is a concrete initiative for reviving the affordable housing segment in the real estate industry. This scheme shall increase the demand for properties leading to an emphasis on the timely delivery of projects. Various real estate organizations have already started grabbing this opportunity by offering amazing discounts and attracting massive footfalls. Calling out buyers with WALK-IN NAHI LOG IN KARONA and Mission Azaadi promotion by INVESTORS CLINIC has paved the way for the buyers to book their dream houses digitally with ease.

Let’s Bust Some Myths About Real Estate Investment

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Real estate investment is a crucial task when somebody doesn’t have much knowledge about the industry. One should take the decision very wisely because an enormous monetary investment is required in this process. Every home buyer thinks there are few certainties about the process that cannot be examined because so many people believe and follow them. Sometimes these chunks of knowledge could be the myths that people do not verify and follow blindly.
In this article, we share such widely prevalent myths about real estate investment that you should know to make a wise decision regarding your property. These myths could be correct for distinct buyers depending on their unique circumstances and preferences, but when taken as a whole, it could be misleading.

1- Real Estate Investment Involves High Risk. 
All financial investments are subject to market risk, be it stocks, mutual funds, gold, etc. However, real estate investment involves low risk from other ventures because of its good demand and supply. When we compare it with the stock market, which is unstable, and uncertainty is very high. But on the other hand, the real estate industry shows certainty; if you did proper market research, you could invest with no fear and no risk. Also, real estate investment gives you the security of having a place to live, and good returns in the long run.

2- RERA Incorporates All Projects
RERA (Real Estate Regulation & Development Act) was commenced in 2016 to safeguard the interest of home buyers. It is a misconception that many people believe RERA covers all projects. But, RERA only incorporates projects with 500 square meters and above area or plan with eight apartments. Therefore, you should not depend on RERA and do adequate market research before finalizing the property.

3- Renting Is Better Than Buying
It has been observed that many potential homebuyers opt for renting as an affordable option. It could be true in some cases, but renting a property is a temporary solution that will not give you ROI. Real estate investment is a performing asset that either gives you a roof for the family or can create rental income and long term capital appreciation. A person should plan to buy a home as early as possible because, at the later stage of life, financial responsibilities increases, but the salary may not. Hence, it becomes difficult to buy a home. It is a sound decision to buy a house and pay monthly EMIs instead of paying rent.

4- Youngsters Can’t Make Investment
This is a big myth that youngsters should not invest in real estate. Many people consider that it is a hard row to hoe while investing in real estate. But the truth is, one should start investing in real estate as early as possible. As already mentioned above, responsibilities grow with age; hence, you will get more time to work while at a young age and have many more years for loan repayment. Furthermore, when your career thrives, EMIs won’t hamper your savings. Even in the present time, many financial institutions offer low-interest rates to youngsters.

5- Brand Doesn’t Matter
It is a myth that the brand doesn’t matter; however, before finalizing a property, it is always recommended to check past and present records of the builder. Many people only concentrate on the price of the properties and overlook the brand image. For instance, no matter what price and how cheaper you have bought a property if you don’t get its possession timely. Therefore, if you wish to get better returns on real estate investment, then keep your focus on the overall image of the builder and always pick the brand which holds a strong position in the market with flawless records. You can find the best properties of trustworthy builders on Investors Clinic website www.investorsclinic.in

6- Real Estate Consultant Aren’t Helpful
Real Estate Agent or consultant plays multiple roles by finding the best suitable among various properties to hand over the property’s keys. They also provide the best discounts on the price that you can’t get directly from the builders. Furthermore, a consultant suggests the various properties in your budget while builders only convince on their property because they don’t have multiple property options.
Many people believe that real estate consultant charges the brokerage and hide many things. But the picture is simply reversed! A good consultant like Investors Clinic does not charge anything from buyers, but they also have in-depth knowledge of every property and give you the right advice. Hence, they suggest the best alternatives to property buyers in their budget.

7- Real Estate Is Not a Cup of Tea for the Common Men
It is a common myth among the people that real estate investment has only made for a rich person. Still, the fact is that a moderate person or common people can also invest in this sector quite easily without hampering their savings. Many builders are now offering properties in different slabs like affordable housing, executive apartments, studios, and more. Moreover, the government is also encouraging people by giving subsidy on housing projects under the PMAY. Many financing companies are providing loans at low interest. If you are under the low-income slab with a good credit score, you will be eligible for a small debt. Hence, you can easily afford a 1BHK or 2BHK apartment with PMAY benefits.

Epilogue:
These are some myths that people believe blindly and make the wrong judgment while investing in a property. But the fact is real estate investment is effortless in the present time, and with the help of a best property advisor, you can buy the best property at the right price with good returns. To find the best property in your budget and to meet your real estate goals this year, call Investors Clinic on 8010101010 or stop by our office, we would happily chat about your next move!
Investors Clinic knows every buyer has a unique need. We do our best to make sure that your goals and needs get addressed, and you find a place that is a good fit for you and your family.

Benefits of investing in real estate during Lockdown

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The economic growth of the nation has come to a standstill due to COVID-19 or the novel Coronavirus outbreak. Real Estate is one of the sectors that offer a higher employment ratio in India, which witnessed major outbursts in lockdown. It’s a scary time because people are not coming out from their homes, but people are still buying a property! Let’s check out the nuances of investing in real estate during the lockdown.

 Why Invest Now?

RBI Announcement: – In order to decrease the disruptions caused by COVID-19 and stimulate economic growth, the Reserve Bank of India (RBI) has cut the repo rate by 0.75% on 27 March 2020. Earlier it was 5.15%, but now it is 4.4%. This RBI circular may bring down the interest rate for customers who are looking to apply home loans and personal loans. Because of the reduced repo rate, home loans can be cheaper than ever. Therefore, it is a good time to invest in property at low-interest-rate home loans.

Additionally, all lending institutions such as banks and housing finance companies are entitled to proffer three months deferment as moratorium to the borrowers who are paying EMI. The borrower is not required to pay EMI without affecting the credit score for the period of 1st March 2020 to 31 May 2020. It is not the waiver of installments, but a postponement of EMIs. These EMI’s will be charged when the moratorium period is over.

Attractive Offers by Many Builders: – Many reputed builders in the PAN India are coming up with many attractive offers to get engage the customers and boost the sale.

BHUTANI Group has started a campaign Stop Virus Get Viral offer. In this proposal, an investor has to pay only a 20% booking amount, but the builder will consider it like a 40% extra booking amount. Furthermore, the builder will also pay 12% assured income per annum.

Another NCR based Mahagun Group is charging only 51000 to book a flat with a 5% cashback offer. This offer is available on 2/3/4 BHK property placed at NH-24 Ghaziabad and in Greater Noida West. Homebuyers can also get a 100% refund if they cancel the booking after lockdown.

Gurgaon based builder ASF Infrastructure is providing Double Your Booking Amount Offer, in which you can make a booking for ready-to-move 2 BHK or 3 BHK flat in ASF Isle De Royale Residences project. The booking amount of Rs X paid by you will consider as Rs 2X.

The builder Supertech Limited is also providing a double booking amount offer when you book any property of Supertech in the Lockdown.

These are the few offers, but there are much more available with customized payment plans. You can check all the offers on the Investors Clinic website or by clicking on this link www.investorsclinic.in/offers.

Also, a buyer can book a property online on Investors Clinic’s website by using the ‘Book Now’ feature. The booking amount has to be paid online via different online payment modes like UPI, Internet Banking, Debit Card, Credit Card, Mobile Wallet, etc. Therefore, buyers can safely book a property while staying at home in lockdown.

Investors Clinic is one of the leading professional real estate consultants in the industry who firstly introduced a user-friendly digital platform to safeguard its valuable clients and employee from coronavirus outbreak. More than 5000 hot properties are available on the website for investment with flexible payment plans, assured returns, and lease guarantee offers. Therefore, Investors Clinic is providing all kinds of assistance online to the property seekers.

How to Connect via Digital Platform?

In this digital world, everything is available on the internet. High traffic has been captured on the websites during lockdown because property buyers are going online to find the best property. Property buyers and broker both can connect with the various digital platforms. Accordingly, both can use formal meeting apps like Zoom, Skype, Google hangout, Google meet, etc. If a person is not able to use such apps, then you can also connect with WhatsApp, FaceTime, and Facebook video calling for a site video visit.

Both buyers and brokers can use Google Earth 3D View to examine nearby areas and neighborhoods. This makes property seekers understand all the nuances of the project site. Because a property buyer examines, nearby localities, amenities, and societies set in the vicinity. You can also check on the map about the distance from the nearest milestone, shopping malls, metro stations, local markets, and connectivity to the road network, etc. Therefore, both buyer and broker can traverse all such things over the video call.

 In conclusion, we could say that several people are excited to invest in real estate during the lockdown as well. Because of good offers by many builders and cheaper home loans, property buyers cannot resist themselves to enquire about the properties. Also, thanks to technology! However, we cannot go out, though we can connect with others via various digital platforms and get the deal done.

 

 

*Offers may vary basis builders, offer time, etc.

Current Scenario of the Real Estate Industry in Lockdown Period Due To COVID-19

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The whole world is flushed with a coronavirus outbreak today. People are staying at home, and some are in isolation. The entire nation is under a lockdown situation, and all precautionary measures are being taken by the government to prevent the spread of Novel Coronavirus.
This virus began from China as it reported some unknown cases of pneumonia in December 2019 to World Health Organisation (WHO), and later the cases came across the world. According to the current situation, 2.4 million cases have been confirmed by WHO in which more than one lakh people have lost their lives. Lamentably, this figure is increasing by every hour.
Coronavirus Pandemic has brought India and the entire world to a suspension. Not even real estate and other industries, the brick-and-mortar of our economy have fused to its effects. But, we’re not completely frozen yet, many opportunities are still available for property buyers and builders.

Investors Clinic continues to help out people to invest in properties despite lockdown.

Buying a property is the most complicated and precious task for anybody. Because of the global pandemic coronavirus, consumer’s confidence has plummeted. But, Investors Clinic continues to sell properties every day and helping people to find the best property despite the lockdown situation across the nation. Investors Clinic is a reputed property consultant and a market leader in the real estate world. For the ease of customers, Investors Clinic introduced an online platform for property selling. Because of this digital platform, Investors Clinic is selling inventories every day and communicating with property seekers.

During the lockdown, potential buyers could no longer physically visit properties, so they are going online to check project details. In all major cities where Investors Clinic is serving, site visits are not allowed due to lockdown. However, Investors Clinic is receiving many queries from property buyers and helping them in every possible manner. Consequently, all agents of Investors Clinic have arranged a virtual tour of the properties and talk through with clients over the phone.

Why buy properties from Investors clinic in this lockdown?

Investors Clinic is running many online offers. Under a Walk-In Nahi Log In Karona campaign, many offers are aligned with builders to give more and more benefits to the customers. Buyers can book any property by paying a very small booking amount. Once the booking gets logged in, buyers will get up to 5% cashback, up to 20% savings, possession of the property in 5 months, double the money offer, up to 18% return, 9.25% lease rent, and many more offers depending on the project. What else a property buyer needs! A good deal, a good location, and good discounts.

What are you waiting for? Find the best property now, and stay tuned with our latest offers!

 

 

*Offers may vary basis builders, offer time, etc.

Why to invest in Real Estate During Lock Down

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I am sure no one of us had ever witnessed this country lock down situation. When India entered in March 2020, we were set to celebrate the colors of happiness. Ever did we thought that the last week of month will shut us in our homes? At least I did not imagine this.

Yes there is panic everywhere and yes the situation is critical, I do not deny the facts that are rolling up on all news channels and filling up the internet. But do you want to end up this lock down time to just anticipate the outcomes and listening all the time about this corona outbreak or do you want to crack this opportunity to dig the gold? This pandemic has rightly taught us that uncertainties comes unexpectedly. So are we prepared to face any such situation again?

If the answer is No, I suggest that utilise this time to invest on sources of passive income. Yes, this is the best time to understand various possible investment options available where you can start your passive income and secure your future and safeguard your family.

Although there are options like SIP, Mutual Funds, Shares etc. than why Real Estate?

Real Estate has proved to be the most reliable investment option so far considering the conditions of banks, share market crash and no capital appreciation on any other option that may look safe initially.

5 REASONS TO OPT REAL ESTATE

  1. Competitive Risk- Adjustment Returns : Based on July 2018 data from National Council of Real Estate Investment Fiduciaries (NCREIF), private market commercial real estate returned an average of 9.85% over the past five years. This credible performance was achieved, together with low volatility relative to equities and bonds, for highly competitive risk-adjustment returns.
  2. High Tangible Asset Value: Real estate is not paper money, this is the asset you can hold tangibly which again increases its reliability and return on investment.
  3. Attractive and Stable Income Return: The rental yield from real estate is much higher than returns on any traditional sources of investment. Commercial investment can yield upto 12% ROI and lowest to 5% ROI (with capital appreciation) depending upon the construction stage and lease terms of the property.
  4. Inflation Hedging: The inflation hedging capability of real estate stems from the positive relationship between GDP growth and demand for real estate. As economies expand, the demand for real estate derives rents higher and this, in turn, translates into higher capital values.

Alternate Investment Fund

Why Real Estate During Lock Down?

Probably most of the people interested in buying real estate would be holding their decision till the lock down opens due to speculations in the market or risk pertaining to economic conditions. Yet for any clever investor who is observing the current market will testify buying of real estate during lock down to be the smartest move. Here is why –

  1. Deficit Demand: Real estate is facing deficit demand in the market which leads to generation of various attractive offers by Developers. To maintain the good books, builders are currently offering very low rates, lucrative payment plans and additional offers resulting in lowering the cost of property. End-user can expect to buy a property as low as the launch price during this lock down.
  2. Reduction in Repo Rate: RBI announcement for reducing Repo rate by .75% and the new base rate is 4.4%. This will reduce the loan interest rates by at least 0.75% . This turns the sentiments of home seekers – positive. So indeed this is good time to buy your home if the decision was just hiding behind the corner for some better rates or good units.
  3. Passive Income: Various small investment options are being introduced in the market starting as low as 5 lacs in real estate that too with a rental income. This is again an opportunity to create a separate asset class in your portfolio and start a source of passive income.
  4. Demand- Supply breakthrough: Due to low demand, discounted rates on good inventories are available. But once the economic condition will start settling, the bargain will reduce and demand will also start floating upwards. The rates will not be as low as they are now during lock down.
  5. Strike the iron when it is hot: We all must have heard this at least once. But its time to implement the strategy to gain extensive returns on the investment. Not only the rate are striking low, the return on investment are being offered by some builders as high as 18%.
  6. Brand Integrity: Though its a shooting star opportunity to buy real estate now, yet always go for a grade one category developer. During lock down, you have additional time to do your diligence about the projects, builder background and future prosperity of the investment. Use this time to chose best proposition for yourself, take expert advice and than book your dream asset.

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