The world is passing through a phase of great uncertainty. There is a sense of fear in all classes of people and not knowing what is in the store is keeping everyone on edge. There are a few questions people, in general, are grappling with:
How do I keep me and my family safe in Covid times? And –
How do I ensure I remain economically stable during this period of great upheaval?
What lies ahead?
It is really impossible for anyone to come out with a very sound logical reply to all these questions, but something which connects to all 3 questions is – Should I invest in property right now. And to answer the 3 questions, let us look at these questions and attempt to offer some answers basis the overarching question mentioned.
It is important to understand the importance of prevention in current times. To ensure the prevention of the COVID outbreak, it is important to get immunity levels of everyone in the family high. Also, it is important to ensure that one stays in a neighborhood that is clean and has good sanitation facilities. It in other ways can be seen as a reason to be choosing the area of residence carefully and to select locality inhabited by educated classes. It is no secret that the areas with higher levels of education typically are better in hygiene and sanitation. So if one stays in an area that doesn’t meet these criteria, it is a good time to invest in a property in a better locality.
The second question about economic stability is important. India is a growing economy and Lucknow is a fast-growing town. Home to some of the best companies around the globe, it has a huge population of migratory white-collar workers. Needless to say, there is and will be a continuous demand for good and hygienic apartments by these people. In this context, an investment in a ready to move property can ensure a good and stable rental income. The advantage in this investment strategy is that while one earns a regular income now, he shall earn the benefit of appreciating prices in a couple of years when this pandemic induced threat will be over.
The third question is the toughest to answer. What lies there in the future, is anybody’s guess. However, one thing is for certain that the uncertainties will be over in the next few months. The economies world over will get into expansion mode and a lot of support money will travel across the world to favorite destinations. India has been and will continue to be one such place that is liked by funds across the world and it is not unreasonable to expect the flow of money to the country in various forms. And once this happens, property prices is one of the first to start driving up. There have been various instances of the same and one who prepares for this situation would reap huge dividends.
It is therefore advisable to invest in properties during these days and reap huge benefits out of this in the years to come.