Four reasons to buy your dream home in times of Coronavirus
                     Four reasons to buy your dream home in times of Coronavirus 
People usually want to have their own house, as homeownership has always been viewed 
as a matter of prestige in India. It also provides you with a sense of security and comfort 
that can only be found in your own home. Besides, the current COVID-19 pandemic has also 
made us realize the real value of having our own home. In this pandemic, we have almost 
spent 24 months in our house as the whole country was under lockdown. And for months, 
our house has acted as a safe haven for our loved ones, and for most of us, it had turned 
into an office, school, theatre, and much more. 
So, now, if you're planning to buy a residential property for sale on SV Road or looking 
to upgrade your living space and your lifestyle, there is no better time than this. The 
current home loan interest rates offered by RBI have been recorded lowest in the last 
decade and are a big boost to homebuyers. Also, the government has introduced a lot of 
schemes and incentives for homebuyers to promote housing. But if you still have doubts 
about whether to buy a house or not in the pandemic, here we have mentioned some of the 
factors that can help you make a decision. 
A secure and tangible asset class 
In India, the real estate market is one of the main pillars of the economy and generates the 
second-highest employment in the country after agriculture. Real estate has always proven 
to be a secure asset class and a tangible investment in times of crisis like the Covid-19 
pandemic, a global calamity that has brought back our attention to secure investments. An 
investment in real estate is not prone to market volatility like investment in equity is. And 
this makes real estate a stable asset to invest in. That's why it would be a great investment, 
if you buy a residential property for sale on SV Road now. 
Home loan interest rates at a record low 
As mentioned above, the home loan rate has been the lowest ever in the last 15 years. Thus, 
the overall cost of buying a home goes down drastically with lower home loan rates, which 
makes it the perfect time for you to buy your dream home. Also, to boost the real estate 
industry, the RBI has maintained repo rates at a lower level so that that home loans are less 
expensive for homebuyers. Also, demand in real estate is highly dependent on the intensity 
of interest rates as they impact the monthly budget of buyers. But if you want to take 
advantage of these low home loan rates, your credit score should be over 750-800. So 
always remember to check your credit score before applying for a loan. 
Secure your future  
The recent COVID-19 pandemic has highlighted the importance of owning a home. 
Therefore, buying residential property for sale on SV Road not only ensures the safety of 
you and your family but can also be seen as a secure investment asset with lower risk 
attached. Other than that, according to a survey, it's has been found out that 52% of 
respondents chose real estate as their preferred investment class. 
Good return on investment  
With cheaper home loans, this is the best time if you are looking to buy residential 
property for sale on SV Road for investment purposes. You can choose a ready-to-move-
in apartment, which you can rent out immediately and start earning from it. Currently, the 
rental income is set at 2.5% of capital value in Mumbai cities. Plus, you will also benefit 
from the cost appreciation of your property. 
To Wrap Up 
As you have read the article, now if you are planning to buy a smart 2 BHK apartment on 
SV road or looking to invest in a smart 1 BHK apartment on SV road, visit The Chandak 
Group - www.chandakgroup.com. They will show you some of the finest apartments on 
SV Road and will try to get you the best property deal in your budget.  
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