No doubt, real estate is one of the most sought after investments. India’s economy seems to have benefitted a lot from this sector for quite some time now as it is one of the biggest wealth creators. But when to invest and when not to does remain a question. With the pandemic that shook the whole world, what investors are currently bothered about mostly revolves around – is this the right time to invest in real estate? Most of the best builders in Chennai believe this is the right time to invest in real estate, and here’s why.

• Back to normalcy: Though 2020 has been a strange year for all of us, things are bound to get back to normal in the days ahead. Rents might have gone down, but that won’t remain the same forever. With people getting inoculated and markets resuming in full swing, the workforce will soon be back, and rents will shoot up in no time.
• Covid-19: A lesson to many: Before the pandemic, people preferred staying in rental places. But now, they seem to be more inclined towards owning a house. The reason being simple – the pandemic led to a lot of financial distress where people lost their jobs; salaries got cut, hikes were not getting processed. All of this led in the rents becoming unaffordable for many. A lot of people returned to their parental homes.

Now that many organizations are planning to adopt the “work from home” culture for the years to come, the necessity of staying close to the office gets eliminated. People can now look for affordable housing options that’d match their requirements. Having said that, Can there be a better time to invest in real estate? Contact the best builders in Chennai and get yourself an affordable land for sale in OMR. If a plot is not what you’re looking for, then there are many flats in Ayapakkam as well.

• RBI making it easy for the homeowners: RBI’s decisions regarding the housing sector served as a boon to the homeowners. Low-interest rates, reduction in registration and stamp duty fees helped the homeowners to manage their EMIs. The new tax relief measures announced by the RBI for the first and second home purchasers are all the more a reason why investing in real estate now makes just the right sense.
• Returns: The real estate has the potential to yield higher returns than even equity and gold in the long run.
• Central Government plans: The Central Government is planning to build many houses in the coming years. With the Smart City Project, it aims to build smart cities in order to boost the economy. The prices will surely rise in the future, implying there cannot be a better time to invest in real estate.
• Innovations offered by the best builders in Chennai: The last few years have seen a lot of innovations in the real estate sector. Builders in Chennai are not at all behind when it comes to imparting innovation. Categories like comfort homes, kid-centric homes, senior-homes, etc. have made their way. Amenities like 24×7 CCTV surveillance, clubhouses, swimming pools, gyms, temples, parks, power back-up, etc. which were earlier considered a luxury, have become more or less a necessity now, that people are not willing to compromise on.

Final thoughts

Is 2021 the best time to invest in real estate? 

Undoubtedly, a big YES! The land is indeed a scarce resource. Going by the principle of demand and supply, lesser the supply, higher is the demand. With that being said, the prices are bound to shoot up in the coming years. Also, the concept of co-living is gaining importance like never before, especially in cities like Mumbai, Bangalore, Chennai, Delhi, etc. Additionally, the Government has continuously been taking steps in favour of ‘real estate’ in India. Experts believe that it would continue to take such bold steps and boost real estate demand in the days ahead. So, if you’ve been waiting to add real estate to your investment portfolio, then wait no more and head straight to GP homes, one of the best builders in Chennai and get the best deals under your budget.