{"id":106,"date":"2021-09-27T10:29:49","date_gmt":"2021-09-27T10:29:49","guid":{"rendered":"https:\/\/www.classicventures.in\/blog\/?p=106"},"modified":"2021-09-28T13:28:27","modified_gmt":"2021-09-28T13:28:27","slug":"the-right-time-to-buy-a-plot-is-now","status":"publish","type":"post","link":"https:\/\/www.classicventures.in\/blog\/the-right-time-to-buy-a-plot-is-now\/","title":{"rendered":"THE RIGHT TIME TO BUY A PLOT IS NOW!"},"content":{"rendered":"

Recently, the coronavirus pandemic disrupted almost every industry. However, people still want to have their own safe havens for various reasons –\u00a0one being for the\u00a0sense\u00a0of home-ownership and security.<\/span><\/p>\n

But, do you think\u00a0this\u00a0is the\u00a0right\u00a0time to\u00a0buy\u00a0a plot keeping\u00a0the\u00a0current situation in\u00a0mind?<\/span>
\n<\/span>
\n<\/span>Many industry experts believe that the unstable stock markets have raised the requirements for a steady investment sector that could give better returns. And, what could be a better choice than investing in a property?<\/span><\/p>\n

Today, residential\u00a0real\u00a0estate is at\u00a0its\u00a0best;\u00a0it\u2019s\u00a0a\u00a0buyer\u2019s\u00a0market\u00a0with low interest rates. Many surveys have\u00a0revealed\u00a0that property inquiries have bounced to 50% during\u00a0pre-COVID-19\u00a0in top metro cities,\u00a0thus\u00a0making it\u00a0all the better to\u00a0buy\u00a0a\u00a0plot\u00a0now.<\/span>
\n<\/span>
\n<\/span>A survey conducted by Housing.com and the National Real Estate Development Council (NAREDCO), titled \u2018Concerned yet positive \u2013 The Indian Real Estate Consumer (April \u2013 May 2020)\u2019, the results of which will give some relief to the sector. As per the report, real estate (35%) is still seen as the preferred mode of investment, then gold (28%), fixed deposits (22%), and stocks (16%).<\/span>
\n<\/span>
\n<\/span>Now, let\u2019s see some of the factors that are positively influencing the real-estate market making it the right time to invest in a plot.<\/span><\/i>
\n<\/span>
\n<\/span>Home loans\u00a0and low-interest rates<\/b> – The seller’s market has now become the buyer’s market. There has been a significant decrease in home loans interest rates with a benevolent tax regime with tax benefits for both developers and buyers. In the past years, buyers preferred senior living, holiday homes, etc., but today they prefer affordable properties in good locations.<\/span>
\n<\/span>
\n<\/span>The Reserve Bank of India has cut down the repo rates by looking at the perspective and aspiration of many buyers. A year ago the home loan interest rate was in the range of 8-9%, a 50 lakh loan for 20 years at 8.5% p.a had an EMI of Rs 43,391. But today you might get the same loan at 7% which means the EMI will be reduced by 4626 which is Rs 38,765, which results in a saving of up to Rs 11 lakh on the total payable interest.<\/span>
\n<\/span>
\n<\/span>Improved\u00a0support\u00a0from the\u00a0Government<\/b>\u00a0\u2013The Government has lent its support by announcing fiscal and stimulus packages.\u00a0Bangalore, Pune and Hyderabad are actually doing better compared to other\u00a0cities.<\/span>
\n<\/span>
\n<\/span>Declining\u00a0loan to value\u00a0ratio<\/b> – The need for owning property had spread during COVID-19, the declining Loan to Value ratio (LTV) and unfavorable interest rates is now more favorable for buyers with higher LTVs, lower valuation, and cheaper credit availability.<\/span>
\n<\/span>
\n<\/span>A stable\u00a0asset<\/b>\u00a0– The real estate\u00a0market\u00a0has\u00a0become\u00a0a positive\u00a0asset\u00a0due to the volatility and instability of the stock\u00a0market.\u00a0Aspects like job security and the gradual economic revival are predicted to be favorable, thus giving a positive impact to buyers.<\/span>
\n<\/span>
\n<\/span>Affordable\u00a0prices<\/b>\u00a0– One of the\u00a0best\u00a0reasons to\u00a0buy\u00a0a\u00a0plot\u00a0in current times is the availability of property at affordable\u00a0prices. The\u00a0prices\u00a0are\u00a0low\u00a0and many developers are open to negotiations. Buyers have a better range of options to choose from in good locations and in their budget bandwidths.<\/span>
\n<\/span>
\n<\/span>The bottom line is:\u00a0looking\u00a0at the above-mentioned reasons, it surely seems to\u00a0be\u00a0an ideal time to\u00a0buy\u00a0a\u00a0piece\u00a0of\u00a0land right away.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Recently, the coronavirus pandemic disrupted almost every industry. However, people still want to have their own safe havens for various reasons –\u00a0one being for the\u00a0sense\u00a0of home-ownership and security. But, do you think\u00a0this\u00a0is the\u00a0right\u00a0time to\u00a0buy\u00a0a plot keeping\u00a0the\u00a0current situation in\u00a0mind? Many industry experts believe that the unstable stock markets have raised the<\/p>\n","protected":false},"author":1,"featured_media":107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"\nTHE RIGHT TIME TO BUY A PLOT IS NOW! - Classicventures Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.classicventures.in\/blog\/the-right-time-to-buy-a-plot-is-now\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THE RIGHT TIME TO BUY A PLOT IS NOW! - Classicventures Blog\" \/>\n<meta property=\"og:description\" content=\"Recently, the coronavirus pandemic disrupted almost every industry. However, people still want to have their own safe havens for various reasons –\u00a0one being for the\u00a0sense\u00a0of home-ownership and security. But, do you think\u00a0this\u00a0is the\u00a0right\u00a0time to\u00a0buy\u00a0a plot keeping\u00a0the\u00a0current situation in\u00a0mind? 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