Real Estate Sector Post COVID-19

Ask any parent or adult from the late 90s’ and they will tell you three things about life. Food, clothes and shelter (that’s translated in English). With the cusp of economic opportunities, your real estate can be worth more than your humble abode. Does it mean that you can finally renovate and rent that 100-year-old property or should you buy the hottest properties in your town.

Renovate and live: This is a more traditional view on the usage of property in India. It is often when old properties or the properties that are neglected for long periods of time that render them useless to one person. The best way can be to renovate the property itself so that you may reside in them. Start simple, a deep clean of all parts of the house right from the basement all the way to the top. This can be done both professionally and by your own. It is often better to do it through a professional as they know the best and most efficient way to get the job done. After that, the idea is to think simple, wallpaper and drapes. Simple décor, luckily for us, with modern technology applications allow you to create 3d models of one’s home.

So you do not even need to go out of your way to search for the best colours. All you need is our phone, some patience and a good taste. Luckily, we have got two of those three things with us already. Make your residential real estate in India, a home, its simple and frankly lets you enjoy your property to the fullest, so why not indulge yourself in the experience of creating your new home.

Invest, Invest and Invest: Land will never depreciate in value, ask any investor and their words will be the same. residential real estate in India is something of a rare commodity for two reasons; population and purchasing power. The increased economic opportunities across the Indian subcontinent has lead many to be fruitful with their investment options which include residential real estate. Now, the question for any novice would be as to why this is so? Well, investment is your way to make more money, something that people can never get enough of. This however, works in your advantage, whilst partaking in the residential property acquisition, you can create lucrative opportunities that can either make one large deposit of money into your account or create a passive income that can steal your retirement early.

Another point that you will be hearing in this blog is the rates of all the properties and how it has come down drastically due to the covid pandemic. This pandemic has caused a lot of reverse-migration where people have seen themselves going back to the towns and villages that they actually came from. .This is good for prospective owners as they can start buying property all over due to the reduced rates, be ready to maintain them however as that is the main reason why people want to sell it in the first place. However, if you time it right, you can create an opening which can make you a lot of money in very little time of maintained. Study the economy carefully to look for such areas to exploit.

If you then have any residential estate available in the country, think about the economic opportunities you are missing. With the covid pandemic, everyone is looking for a place to stay and money to pay.

Passive income all the way: residential real estate in India has one key feature that many often gravitate to. It’s the capacity to rent the property to anyone who is need of it! Now what does that mean for you? It means a little bit more money. This is especially important as the laws for renting in India are much more lenient compares to other countries. It often boils down to three things, having the property in proper fashion. This includes having the place ready for occupation and must have a designated use by the renter themselves. In rental contracts, the purpose of the residential property or estate is often specified in order to avoid any legal damage or injury. The second that you need to take care of, is finding the right person for tenancy. This is something that is understood, you need the right person who will take care of your property and not attract any ill attention to it, through their tenancy period on the estate itself. The third and last thing one needs to keep care of, is the legality of the tenancy.

This is a easy process. Often does not even require a lawyer or anyone with legal experience, however it is best to get one on board when drafting a tenancy agreement. Things that you can look out for, is the purpose of the tenancy, the renumeration, term and all other basic laws that must be followed. Another thing that can also be done, which is growing into a great concept is to rent individual rooms for extra money. You can offset the apartment costs for maintenance and other expenditures for the property and still make some money at the end of the month.

Sales may just work your way: With the covid pandemic, residential real estate in India has a unique economic position. During the initial pandemic era, the value for a lot of the residential estate dropped due to reverse migration. The reason being the high cost of living during the pandemic and work from home culture. This indicates the time is the best time to buy residential real estate in India. In Bangalore for example, areas like Sarjapura are very well located and have amazing property selection all over town. Our website has a great selection of properties from 1BHK all the way to 4BHK and beyond. The cost is reasonable, and the facilities are among the best in the city.

Going along with point 3, you can begin to start renting such properties that you can purchase at rates that are nearly at all time low. Some people have even changed their lives into millionaires by taking advantage of the price drop of such properties. The ultimate truth that stands is that people will have to come back one day to cities, where they worked and when they do, these properties are the perfect ways to make money.

However, there is also a second benefit! Such properties are the best ways to save some money and use it at times of need. The non-depreciating nature of real estate makes it a good security against future monetary problems. This also make it a good way to invest your monthly surplus money due to the cheap rates for properties and real estate right now, in the country.

Lease your real estate to user: With the companies like Oyo, air bnb and other companies, you have the capacity to lease out your real estate property to such conglomerates who would turn it into residential properties for stay like hotels. This is often quite an easy task for the person who is leasing the property itself, the companies will promise to take on all the maintenance, marketing and all other expenses whilst giving you the final money that is essentially your lease rent.

Now why is this an important use for us?

As said earlier, with the reverse migration about to end and the country beginning to open up again, what can be seen is the need for places to stay. From college students to freshers and even families. They all need a place to stay. Acquiring properties and then handing it to such conglomerates helps you take care of the property not at your own power but on the company itself. For more information, you can visit websites of Oyo, Air bnb and other like mined sites which focus on hotel and residential stays. These often have a resolute team that handle such requests and have attractive deals that will surely catch your eye. This also helps your maintain the property itself, in terms of having it in working order, in the event that you need the property back at the end of the term. You still also have control over major parts of the property but that which is bound by a lease agreement.

In conclusion, the whole concept of using residential real estate in India is a multi-fold argument. Anyone who is currently looking at the economic opportunities market will be able to create new ways to use their real estate. You can invest into properties due to the low costs that are happening right now with a futuristic sense of renting or leasing the property itself. The reason for this is because, maintain such real estate on your own can be a monumental task. Therefore, look for companies that are offering to take the property to maintain and lease it further as rooms for stay. Companies like oyo focus on making the property perfect according to the maintenance standards while also earning you some money at the end of the day

You could also do some house hacking, by renovating your residential real estate and using it to stay in the house itself. The common mistake that is most often noticed is the Missed opportunities by those who have such properties. So shore up your investments, search for the right people our companies and inch closer to an early retirement

“Opportunities, are often created by those who are hungry enough and not by those who have the means and do not think further”