COVID-19 has brought the world to a standstill. People have lost their loved ones and jobs, lifestyles have changed, the working population is working from home, schools are closed temporarily and the economy of countries have dropped. This unfortunate situation has forced us to think about the ways to recession-proof our lives. While this pandemic has impacted many industries like hospitality and tourism badly, the Real Estate Sector is doing fine. People usually invest in real estate, because the return rates are high, numerous tax benefits and REITs to name a few. The Real Estate Sector has been flourishing in major cities like Bangalore, Hyderabad and Pune. Yes, the current situation will see a drop in property prices, but it will help you when facing a recession. In this particular situation of COVID-19 and how it has affected our lives in all possible ways, it is important to think about unfortunate times like this when investing.
Having said that, is it safe to invest in luxurious properties like villas and apartments to safeguard your future? While there are many people who prefer investing in luxury properties, there are a few who think investing in the land will help during a recession. Many people don’t invest in land, because not everyone understands the benefits of land and the fact that it can recession-proof your future. Continue reading to know more about why investing in the land will recession-proof your future.
First, let’s understand what a recession-proof property is. Property that has the important fundamental attributes required to reduce the risk of a softening market is recession-proof property. Real estate has always been known to be a great investment plan for centuries now and is sometimes referred to as Recession-Proof. Buyers invest in properties that they think will be at a reasonable demand when they plan to sell the property regardless of how that particular sector/location is performing.
When you buy land, make sure you keep in mind factors like location, strong fundamentals and functionality, modest leverage and modest capital needs. Land bought at the right price will surely weather a recession, better than the stock market, because the real estate market has always been considered as the safest investment choice. Yes, the recession might affect the prices to drop, but as this phase slowly fades away, the prices of land will rise again. And if you are interested in buying land, this is the right time to do so, as the prices are low.
At any given point in time, the land will not require any maintenance or renovation. Unlike other properties like apartments and villas, where you will have to deal with various different problems at hand. You won’t have to deal with tenants complaining about leaking roofs, parking issues, plumbing problems and other such problems. Once you invest in land, you can hold it for long before you decide on what you want to do with it.
Real Estate is one of the industries that are doing fine during this situation compared to other industries. If you buy land at a great location or a developing area, the reselling options just increase further. Now that you know the land is the best way to recession-proof your future, don’t wait anymore and invest in land right away. Mantri KNS Carica is a mega residential plot in Kengeri, just off Mysore Road. Investing in Mantri KNS Carica will be a great choice as there are upcoming infrastructure projects like the 40 feet wide main road, underground cabling and landscaped gardens. These BMRDA approved sites have social infrastructure like educational institutions, hospitals, amusement parks nearby. The property comes with great amenities and a range of plot sizes to choose from Mantri KNS Carica is your dream come true.