5 Reasons Why You Should Buy A House Now!

By Lodha

COVID-19 has made us realise the importance of owning a home. The sense of security and comfort during these tiring times can only be found in our own home. Smartly designed homes that utilise every inch of space, well-ventilated homes in well-planned complexes with plenty of open spaces proved to be boon to residents during lockdown. So, if you are looking to upgrade your living space and your lifestyle, there is no better time than now to buy a home. Here are top 5 reasons why you should invest in a home now:

1. Cheapest ever home loan rate - The home loan rate are the lowest ever in the last 15 years. The lending rate or repo rate to commercial banks was slashed by RBI, which means banks will be able to provide home loans to customers at a lower rate of interest. Lower EMIs means you could possibly look at a bigger house, in better locality then what you had planned. In addition, the income tax relief and government subsidies in case of affordable housing makes it further attractive.

2. Secure your future - The recent crisis has highlighted the importance of owning a home. Not only it ensures safety of you and your family, it is also a secure investment asset with lower risk attached. 48% of respondents in a recent survey by ANAROCK chose real estate as their preferred investment class.

3. Good return on investment - With cheaper home loans, this is also a good time if you are looking to buy a house for investment purpose. You can choose a ready-to-move-in house, which you can rent out immediately and start earning. Currently, the rental income is pegged at 2.5% of capital value in metro cities. Additionally, you will also benefit from the cost appreciation of your property.

4. Stable investment option - Real estate has proven to be best long-run investment asset as compared to equity.* An investment in real estate is not prone to the market volatility like investment in equity is. This makes real estate a stable asset to invest in.

5. Take advantage of the affordable housing trend - Driven by government's push for housing for all, affordable housing segment has gained tremendous popularity. Several reputed builders have launched affordable housing projects. Lodha Group, as an early entrant in the category, holds deep understanding of the consumer preferences and provides quality development for the segment. We recently launched brand CROWN that provides affordable housing solutions without compromising on the lifestyle features and amenities. With the available subsidies and tax benefits, this segment is really booming.

*Indicated by a study undertaken by Jordà-Schularick-Taylor Macrohistory Database funded by the Institute for New Economic Thinking (INET).