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Real Estate, a preferred asset post COVID-19

Real Estate

By Agrawal ConstructionPublished 3 years ago 2 min read
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COVID – 19 has changed our perspectives a lot in many ways. We pay more attention to our health these days; we work hard to make ours self more and more “Aatmanirbhar” and more self-sufficient. In a recent survey people preferred real-estate investment as an asset. Home ownership is a compelling priority in today’s world. In uncertain times one needs assets to feel secure and safe financially. Thus, people are more inclined towards buying property to secure their future.

The demand for residential real estate has increased recently, and people started taking high risk in terms of investment. Due to the global pandemic, the government has made many rebates on taxes and home loans to make it easier for the people to invest in a secure future through real estate. Investment choices are directed and influenced by many factors few of them are uncertainties, recent and past financial sector incidents, stock market situation and many more.

While ready to move in homes has been the preferred choice of end-users in the recent past, at least 34% of respondents in the current survey who prefer ready homes are investors - a massive rise from 12% in the previous survey. Investors are getting more inclined towards buying property as an asset as ready properties can be turned into a steady rental income and will immediately start contributing in the finances.

During lockdown the metropolitans along with the tier – Two cities had an increased number of real-estate investors during and after lockdown. Buyers are after reputed and more organized developers and builders which offer timely possession and quality construction. People are running after creating an asset for uncertain times like we can face earlier. This pandemic made us all aware about the importance of having different assets to survive. We had never thought of facing such crucial time with ever increasing challenges and scarcities.

Private companies furloughed several employees due to which they faced a lot of problems. This initiated a global growth trajectory in home ownership and in real-estate investment as well. The pandemic altered our way of living, thinking, working and even the way we you use to save or invest. Investing in real estate is a new-age millennial trend that people are following these days with full enthusiasm.

During and after the global pandemic lockdown majority of people as well as investors considered real-estate as the best asset class because of its lower risk attachment. People are highly interested in buying a self-use property as it is pertinent for majority of the people. One more noteworthy thing that came into limelight is that people are more inclined towards buying ready to move property to eliminate all the linked risks. People are more into buying functional house as compared to a luxurious one. Still affordable and mid ranged properties topped the choice list of maximum potential buyers. A global crisis such as COVID-19 strengthened the believe of many in real-estate investment and made it the preferred asset for all.

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About the Creator

Agrawal Construction

Agrawal Construction Co. one of the best builders in Bhopal is a constituent of the Sage Group started building trust as one of the best construction companies of Madhya Pradesh in the year 1987. Established by Er. Sanjeev Agrawal,

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