The festive season is here. It’s that time of the year when the entire country indulges in shopping splurges. Investment also plays a key role, especially in terms of gold, silver, and real estate. However, over the last few years, it is real estate that has been gaining ground. People now see properties as a consistent investment medium than traditional investment modes.
One property development that is showing huge traction with home buyers is Hiranandani Parks. Located in the most happening suburbs of Chennai, Oragadam, the 360-acre township has seen a lot of interest from homebuyers not only from Chennai residents but from all over India and NRIs. Top location, excellent connectivity, infrastructure, and a fine range of amenities are the four value propositions that make Hiranandani Parks the best place to own a home.
Auspicious time to buy a new home
The festive season is an auspicious time to buy a home for many homebuyers. Festivals often stand for new beginnings and prosperity. And buying a home around this time is seen as an investment that can never go wrong. Around 51% of urban Indians believed that the best time to invest in real estate is during the festival season, says a survey done during the Diwali season last year.
Good investment option
Unlike the equity and debt markets which are volatile and yield insufficient returns, the realty sector can offer very good leveraged returns on investment. Investing in a home at Hiranandani Parks has the potential to deliver very high returns in the long run. Apart from providing a steady cash flow, homebuyers can also enjoy several tax benefits. Rental housing demand has grown, while the average rents have risen by 8.4%*, this demand is expected to increase in coming years, making rental units a steady income source.
The Covid-19 factor
One of the biggest factors that is driving people to buy homes today is their experience during the Covid-19 pandemic and lockdown. The situation has made people rethink their investment priorities. People feel that owning a home offers them comfort and security. Luxurious homes at Hiranandani Parks offer homebuyers the extra space and flexible workspaces that companies are now expecting from their employees as work-from-home and hybrid work cultures become a norm.
Depreciating rupee
Another factor that makes buying a home at Hiranandani Parks affordable to the NRIs is the depreciating rupee. It’s a good time for NRIs to make their investment in real estate as the prices are not escalating in rupee terms and the US dollar valuation is at an all-time high.