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COVID & Real Estate ! we NEED a home !
"The security associated with owning a physical asset during such a crisis has resulted in increased demand," he says. Millennial preferences are dictated by the prevailing uncertainties, stock market volatility, and financial sector uncertainties.
According to Rajesh Gurumurthy, Senior Director, Head – Strategic Consulting, Tamil Nadu & Sri Lanka, at Jones Lang LaSalle, people are likely to opt for gated communities with sufficient amenities. "If the government increases the deduction limit of interest on home loans and relaxes the current restriction on setting off loss from house property against other heads of income, it will encourage more buyers," he says.
Tenants are considering home purchases, says Thakur, because "several landlords are asking tenants to vacate, prompting people to consider buying their own home. IT hubs like Pune and Bengaluru appear to be the frontrunners here."
Source: https://www.thehindu.com/real-estate/will-covid-19-push-people-into-buying-homes/article31897759.ece
#thehindu #credaipunemetro
