Why this may be the right time to invest in your dream home

financialexpress.com:

It is a well-known fact that real estate is an appreciating asset. Historically, average real estate prices have multiplied and given healthy and robust returns to investors, despite multiple cycles of recession.

Franklin D. Roosevelt is famously known to have said, “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” Generations later, what he said then continues to be true — real estate is one of the best assets to own and pass down.

An asset that has the ability to fetch returns, buying a property can be seen as an opportunity to invest towards a comfortable retired life for yourself, as extra savings or as an additional source of income. If the investment is done at the right time with the right developer and reasonably maintained, stable rentals will be guaranteed.

The sector, however, has changed considerably over the years. While it grew in scale it also witnessed waves of consumers, each with their own set of traits and personalities come and go. Earlier, when projects were delayed consumers were willing to wait. Today, the home buyer is young, educated, informed and active. Unlike before, he or she pays off their loan in a couple of years, sells the house and moves onto a bigger and better one. The buying and selling cycle is a lot shorter today than say a decade ago.

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The pandemic added to this growth and brought about several changes of its own. The importance of having a spacious home, and a place where you could spend every waking moment was felt across the world. The work from home culture