Introduction
Two types of people mainly invest in Real Estate: Investors and End users. In this blog we will explore if this is the right time for investing in Real estate.
We will briefly touch upon the reasons that influence the decision to invest.
At the end of the blog the reader will be in a position to analyse if he /she should invest.
Why Real Estate?
Real Estate has always been a firm favourite of the seasoned investors in India. The lure of attractive deals and consistent solid returns coupled with ownership of an asset is what attracts the people most.
In India Real Estate investment is considered a safe and prestigious investment.
The consistent rental returns and price appreciation over the years have reconfirmed this belief.
Is this a good time to invest in Real Estate?
There are multiple factors that are to be considered while deciding the right time and product to invest in.
We take a look at some of the most important ones one by one:
Bank Loan Rates
Home loan rates are at an all time low. RBI has lowered the repo rate to spur demand in the real estate sector. Taking a home loan lending has never been cheaper and it is definitely a smart move to consider buying a property at this time via a home loan.
Overall Market Sentiment
The real estate sector just like any other sector today was affected by the covid 19 pandemic. Fortunately, the market in the Tricity and Zirakpur specifically was relatively unscathed during this difficult time.
This only goes on to show that there is a strong demand for quality products in this area.
A smart buyer should recognise this and invest for future.
New Well designed projects
Thankfully, the builders in Zirakpur and Mohali have now started developing projects with the end user in mind. From designing projects that conform to green building standards to choosing user friendly features in these projects are some of the new developments in the region.
New locations are opening up due to the development of new infrastructure, As the city grows so does the Real estate inventory to choose from.
I have written a detailed blog post on Zirakpur for those who are from out of the city. This blog post will give you detailed information on Zirakpur and all the related aspects. You can read it here: About Zirakpur
PR 7 Road
PR 7 road or airport road as is commonly known is a great hope for the real estate industry in Zirakpur.
Multiple new projects that promise great connectivity to buyers are planned on this road. Most of these projects are in the pre launch phase or have just started construction.
This is a great time to invest and watch your money grow.
The Demand is Growing Consistently
After the lockdown there is a big surge in the demand from bigger cities such as Noida, Gurgaon and New Delhi.
I get multiple queries from people in bigger cities looking to move to the Tricity.
A lot of commercial and residential property is coming up to cater to this exact demand.
Apart from an international airport, top class medical facilities, very good educational facilities and decent job opportunities is attracting people towards the Tricity.
Moreover, Chandigarh is the regional hub for Punjab, J&K, Himachal and Haryana so many multinationals, Pharma companies and consumer durable companies have their regional headquarters in Chandigarh.
If you are a businessmen, The Tricity offers a good market for a wide variety of products and services.
The close proximity to the hill stations such as Kasauli and Shimla provides a good balance and an easy escape when it gets too hot.
If you are looking to buy a property in Zirakpur or Mohali, You should also read my blog post: The Three Golden rules for Investing in Zirakpur Real Estate
About me:
I have been working in the Zirakpur/Mohali area for some time now and have a good pulse on the Real Estate sector here.
I will help you choose the right builders and subsequently the right product if you are looking to buy a property in this area.
You can read more about me here: About
To get in touch kindly call or Whatsapp: 6283060221
I m looking to migrate to the tricity on business. we are into modular kitchen interiors.
Was trying to understand the areas of potential to
1. open a store/ showroom
2. to live.
Open to both rentals & good to buy options.