By Runwal Group Posted On May 19, 2020
Category Residential properties
Every cloud has a silver lining.
This age-old proverb has proven to be true in the gloomiest of times and the current Covid-19 crisis is no exception.
On one hand, the pandemic has dealt a blow to the economies worldwide, but on the other hand, it has opened up new opportunities of making a promising investment. And buying property is one of them!
In the aftermath of the Covid-19 crisis, people have begun to realise the importance of having a real estate investment in their portfolio, owing to the guaranteed returns and low risks it offers. While many would think that investing in property now is a risk, only wise investors know that now is the best time to buy a property.
The Reserve Bank of India (RBI) recently reduced the repo rates by 0.75 basis points. As a virtue of this steep cut, interest rates on home loans by public and private banks are at their lowest in two decades! If you apply for a home loan now, you would be able to avail an interest rate between just 7.20% and 8.05%. This decision by the RBI has presented investors with an opportunity that shouldn’t be missed. It makes for a wise decision to invest less now and reap a higher ROI later.
However, the benefits of low-interest rates are not restricted to investors only. Even homebuyers can make the most of it. Homebuyers can utilise the savings resulting from reduced EMIs for furnishing their new home better than before. Or, they can also think of applying for a higher loan amount and upgrading to a bigger home with better amenities or home at a prime locality!
The opportunity is right here knocking on your door, making it easier for you to get keys to your new home. And as with opportunities, it won’t be here for long. So, get down to planning your finances, finalising a property, and booking your new home, as soon as possible.
And if Kanjurmarg is a preferred location for you, do check out Runwal Bliss. It is a luxury residential project that offers 3 BHK flats in Kanjurmarg East with a variety of premium offerings. To ensure safety during the current crisis, we have made arrangements so that you can conduct a site visit virtually and even buy property online!