Right time to invest is Now!!

The second wave of Covid – 19 has slowed the recovery rate of Indian Real Estate. The market was expecting 2021 to be the recovery year for the industry. Talking about NCR REAL Estate, the market is showing upward curve. Major NCR players like M3M, DLF and Godrej has witnessed 10000 Cr. sales turnover in the financial year 20-21 and they are projecting 20000 Cr. turnover in this financial year 2021-22 with their new launches. The market was reviving itself at a positive notion just when the second curve of Covid -19 entered and took us back to the question of whether NCR Real Estate will fall or thrive through the second hit. Undoubtedly the sector has not failed during the first wave with various positive things that happened in India’s favor like India’s Foreign Direct Investment inflows grew by 81% in November 2020 to $100 billion, Apple has started assembly of iPhone12 in India, Japan has started moving its various manufacturing units to India and various other manufacturing companies have started looking for options in India to establish their unit.

Now talking about the impact of second wave of Covid-19 on NCR Real Estate Market, I would like to highlight following insights towards positive projections of the sector:

• Work from home has impacted the preference of people and they are now looking for more spacious homes and market has started witnessing a shift from rented accommodation to owned homes.
• People now also prefer for upgrading the size of apartment with a need of having a space to work from home and they are also looking for more secured homes with better amenities, resulting in more demand in gated condominiums.
• Developers are also going with the trend and offering designs in the apartments offering additional working areas, wi-fi society, Virus Free Homes and better health amenities with more green areas with flexible payment options post covid, making it very easy for house owners to enter with Home loan Rates now available at just 6.75% Interest making home buying within Reach.
• The sector has also witnessed digitalization of process on a very fast pace and now with virtual site visits and online meetings, it has become very convenient for outstation buyers to choose the property and complete the paper work from the comfort of their homes.
• Many developers like M3M, Migsun, Paras, H&S, Supertech etc. came up with port your property options enabling exchange of any existing property for a better asset class. This has also increased the turnover in the sector.
• Yammuna Expressway is now attracting various investors with big infrastructure development in the area e.g. Jewar Airport, Film city, Patanjali etc.
• NCR is also attracting commercial investment as people now believe to add secondary income to their portfolio to face any such unforeseen situation like covid. MNCs. in Gurgaon are expanding thereby increasing employment opportunities also adding to growing demand of residential apartments in the area.

In the nutshell, though the NCR Real Estate has not witnessed very high boom in the pricing of the properties, yet the demand is very much sustained and the market is showing upward move in the current situation where Gurgaon alone is projecting a turnover of 35000 Cr. in current financial year. So it is surely best time for any investor to enter the market and to enjoy the appreciation once the chips will settle down.