The work-from-home trend is here to stay. Individuals will continue to desire larger homes with convenient home offices now more than ever. With most of the companies adapting a blended approach where there are options to choose to work-from-home, a lot of employees are shifting back to their hometowns to spend more time with their families while working. It is also a wiser option to choose to keep safe while allowing to save more. Hence, people will continue to buy properties in their hometowns as a result of online operations. Therefore, the market in tier 2 and tier 3 cities is projected to be substantially higher.
Lower home loan rates: Various firms have reduced their fixed deposit interest rates as a result of the Reserve Bank of India’s decision to retain the interest rates at a low of 4% for more than a year, demoralising clients. This factor has led previously hesitant purchasers to take the plunge and buy a home. Interest rates on home loans are currently at a 15-year low.
Even though REITs have always been a good investment, the scope for it has rapidly increased since the pandemic as people are keener and are being more attentive on where they invest their savings. Hence, REITs have emerged as one of the most realistic investment options when compared to traditional property buying because 80 percent of the underlying assets must be operational and income-generating. It has been shown to be a reliable and low-risk method of diversifying an investment portfolio.