As we all are aware of the outbreak of the coronavirus pandemic, The world is facing a very difficult time due to COVID-19. According to the survey, the Economic condition of India due to COVID-19 is having a 'deep impact' on Indian businesses. But, in comparison to other sectors, the effect of COVID-19 will be quite less in the Real Estate sector furthermore, it is expected to offer more open doors for business in the up and coming future. That's why Real Estate is considered to be the best Investment.
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The research shows that real estate is the most lucrative long term investment as compared to other forms. Buying a property is attached by the feel of a person in many ways.
Some People purchase property for their own use, some for investment purposes and also for commercial use and many more intentions of the people can be there while he or she thinks to buy a property. These can be in the following ways:
Emotional Quotient:- As we all know buying a home is an emotional decision for Indians But, Investment in real estate provides a sense of security. Everyone is emotionally attached to his family and Home. That's why investment in real estate is the best option for the future.
Insusceptible to volatile Markets:- Real estate investment is considered as the least volatile asset or we can say that low risk of loss and high possibility of profit. Real estate remains unaffected due to market fluctuations. This is especially true in the current environment of the market crash.
Affordable Home Loans:- Due to recent repo rate cuts by RBI, Interest rates have come down to almost 7% making the home loans cheaper.Repo Rate goes down Real Estate goes up. Realty booms have a compelling correlation with the lowered repo rates. The current repo rate of just 4.4% is a strong indicator of similar growth.
Hedge against inflation:- Inflation decreases the value of money such that an investment's return is not worth as much as it might have been when the investment was made originally. Hedging against inflation helps reduce this pressure, as in real estate assets are widely acclaimed as a hedge against inflation as it is immune to the unstable purchasing power of rupee.
Long Term Tangible asset:- It is a stationary physical asset that provides reassurance and contentment over other financial assets, especially in the long term. Tangible assets are usually long term assets, and can be found on a company's balance sheet. The term is often associated with property, plant, and equipment, which is usually subdivided into two categories: Land: considered an asset with an unlimited term of existence; therefore, land is never depreciated.
Return on Investment:- The value of ROI (Return on Investment) appreciation offered by real estate properties makes it appealing for investment in the log-run, real estate investment build wealth.Real estate market is patterned in nature and one needs to contribute and afterward hold on for an extensive stretch of time to appreciate sound returns. NCR and explicitly Gurgaon realty advertise has experienced some stirring in recent years and despite the fact that costs have dropped and deals have dove, there has been a silver coating to all the turmoil.
Rental Yields:- It is believed that rental yields from real estate is higher as compared to traditional sources. Top Residential Areas to Invest in Gurgaon in 2020
Dwarka Expressway.
Sohna Road.
Golf Course Extension Road Etc..
An asset to Raise Money:- often banks prefer physical assets such as real estate in case if collateral is required to raise capital.
The world knows Gurgaon as a cutting edge Indian city with numerous corporate workplaces, yet there are a ton of realities about Gurgaon that are yet dự án maia quy nhơn beach resort to be divulged. Situated in the closeness of the nation's capital Delhi, Gurgaon is everything that a perfect township ought to be. We should know a portion of the intriguing things about the city of Gurgaon. Gurgaon is ranked third in the list of India's cities with the highest GDP Per Capita Income. That's why to Invest in Real Estate with Gurgaon's Best Real Estate Company- ORION REALTORS
Agents have been playing a great role by guiding the people with their great knowledge in their respective fields. Today, many companies and small industries, startup's think that the role of agents is least important. But the fact is, the part done by agents, middleman or any consultant will never end till humans exist. And also the term technology can never replace the feel and the interaction of the human existence. Again, the issues of agent's commission come into limelight. When you take up the work yourself, significant rates commanded by real estate agents can be saved.
Though it is very much correct that homeowners know much about their house and not the agents, but agents can help you to know the updates in the real estate industry. You can do a lot of work yourself with the help of web but there is no substitute for an experienced and knowledgeable professional. You might be wondering whether using a real estate agent is becoming a relic of a bygone era.
Improves Convenience
To act as a liaison between buyers and sellers is a full-time job for real estate agents. By this, he /she will have easy access to all the other properties listed by agents. Real estate agents work full time and they rightly know what is required to be done to get a deal done. If you are planning to buy a home, a real estate agent will first make the list of homes which will meet your criteria. They will get in touch with sellers' agents and also make appointments for you to visit and view each home. Contrary to this, If you are buying a home without agent's help, it will be much difficult than you are thinking as choices will be limited, there is not much contact with the people of the same field.
Help in Negotiating
It has been observed that many people find the transparency when doing the deal by themselves without involving any third party. They feel that negotiation directly between the seller and buyer is a better option assuming that both the buyer and seller would get along being reasonable to each other. Though it is not always the situation. An experienced negotiator can save the time, money and heartache as he knows the market and he will definitely help to make the right offer without much hustle and bustle. In tough situations, he will speak for you to smoothen the things and put you in a better situation to get the house you want.
Handling The Contract
Sometimes, it happens that we make a deal and aren't sure of it. We still remain in a dilemma whether to continue with the deal or not. And if we want to back out safely, no one other than your experienced agent can help you to get out of this, as he deals with such situations every now and then.
Not Everyone Can Save Money
People consider not using real estate consultant, a way to save the money. But it is many times noticed that both the buyer and seller doesn't reap the benefits of not hiring agents. It may happen that the home you sell might have made a deal which might be less comparable to the deal that the agent would have made.
Overall Conclusion
There are people who are certainly qualified to sell or buy their own homes, yet a long list of different questions and issues are involved. And when you get into a difficult situation, it can really pay to have a professional on your side.
The challenge is finding a good agent and making sure that your interests are in line.
