Why should you buy a real estate property in 2020?

The starting of 2020 spurred the growth of the real estate sector in India. Many people came forward for investment mainly because the deductions on affordable housing were allowed on housing loans till 31st March 2020. Plus, ₹100 lac crore budget dedicated to the growth of various sectors including housing, basic amenities, energy, healthcare, and transportation instigated growth of the sector.


Although the real estate market in India is currently reeling under the COVID-19 impact, experts suggest that this is a positive time for homebuyers and property investors. Actually, the real estate market today is largely a buyer's market, giving sellers less wiggle room to negotiate. In this write-up, we have shared some important reasons for which you should consider buying a real estate property in 2020.


  1. Higher supply vs. lower demand- Due to job cuts and a kind of uncertainty hovering around the market, many prospective buyers have holder their investment decision. This suggests that by buying a property now, you will get to choose from a wide range of options. Plus, as real estate developers have a wider inventory of unsold properties, they are ready to negotiate the price.
  2. Higher chances to qualify for a home loan- Every year, thousands of applicants apply for home loans under PMAY, but only a few people qualify for it. Now, post-March 2014, there has been a sudden decline in the number of applicants. Therefore, if you apply for it now, there are higher chances of getting selected.
  3. The diminished gap between prices of ready-to-move and under-construction properties- As the real estate property market has been stagnant for the last few months, there has been a remarkable shrink in the prices of ready-to-shift and under-construction properties. This has been possible in the wake of the huge stock of unsold real estate properties. Therefore, you can buy a ready-to-shift property now at an affordable price. As ready-to-move homes do not attract any GST, it will be an affordable deal.
Conclusion- By buying a property in 2020, you will get the benefits of high supply and low demand. Thus, you can buy a high-quality property at a lower price. Apart from all the above-mentioned reasons, another important reason to buy a property in 2020 is that there is a huge scope for reaping high returns on investment between2021-25.

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