Amidst the\nuncertainty circling around the global impact of COVID-19, it is difficult to\nthink of a business or industry that has not been affected by this pandemic.\nIt\u2019s hard to tell the magnitude of impact on the global market and economy, and\nwhether it will sink or swim. Since the effects of the coronavirus outbreak\nhave altered the functioning of many industries, the Indian real estate sector,\ntoo, has seen some changes with respect to how people are approaching their\nhome-buying plans and investments.<\/p>\n\n\n\n
Since site-visits\nhave become next to impossible, many are now turning towards technology-led\nproperty investments, which has made it possible for people to inspect\nproperties online, get a thorough understanding of all the details related to a\nproject, view the property through a 360 degree virtual tour, and discuss\ninvestment concerns with experts online. <\/p>\n\n\n\n
Although the\nresidential market is reeling under the COVID-19 impact, homebuyers are still\nmaking the most of the situation with ready-to-move-in options, reduced\ninterest rates, and high tax exemptions. The unchanged repo rate is also an\nupswing for those who are looking for investment opportunities. It can\nencourage potential buyers who are on the fence with their purchase decisions.<\/p>\n\n\n\n
Homebuyers who have purchased homes before the lockdown needn\u2019t worry, however, there could be a few delays in the completion of the project. Those of you who are deliberating on the decision of investing in a residential property post lockdown, can use this interim time to find their dream home, shortlist properties, research and inspect apartments, and finalize deals. <\/p>\n\n\n\n