Should You Buy a Home During a Pandemic?

Buying a home during pandemic

All of us harbour dreams of owning a house one day, one where we can be truly at home amidst the various challenges and demands of life. However, as is the case with most plans, your plan of buying a house may have gotten delayed owing to a plethora of unforeseen circumstances, including perhaps the ongoing global Covid-19 pandemic.

With the uncertainty that has enveloped the world, it has become rather difficult to pursue our life goals. The foremost emphasis has now shifted to staying safe and healthy and understandably so the dream of buying a home may have been pushed down your list of priorities.

However, as they say, it’s better late than never. Therefore, if you are looking to buy a home in Mumbai, Piramal Realty has got you covered.

Intent on architectural excellence and customer-centric design, Piramal Realty has envisioned luxurious projects across Mumbai, including:

Piramal Mahalaxmi

Piramal Revanta

Piramal Aranya

Piramal Vaikunth

Why It Is A Wise Idea To Buy a Home During A Pandemic

Although it may seem practical to postpone your plans to buy a home due to the havoc wreaked by the Covid-19 pandemic, in reality, it is a good time to follow through on said plans. Here are some of the reasons why buying a home during a pandemic is a wise decision.

• Peace of mind

Amidst the uncertainty that is associated with the pandemic, there is a widespread sense of instability and insecurity for the future. There is no dearth of news stories about families losing their rented accommodations owing to the fear running rampant amidst the pandemic. Being deprived of a home during such a difficult time can really tear a family’s spirit asunder.

Therefore, having a home that can serve as your constant during times as turbulent and unprecedented, as we find ourselves in right now, is incredibly important to have some peace of mind. With the thoughtfully designed and furnished homes at various Piramal Realty projects, your dream home is waiting to be discovered by you.

• Investment in a safe asset class

Purchasing a home has always been considered a relatively safe investment since the value of real estate typically tends to appreciate. Therefore, you should not think twice before buying a home during the ongoing pandemic. With well-planned and designed properties being increasingly scarce in the city, your dream of buying a home in Mumbai can be fulfilled by investing in one of our excellent projects.

Piramal Revanta, for instance, overlooks the Sanjay Gandhi National Park and has more than ~50 per cent open spaces for fresh air and natural light to brighten your mind and soul. You can also consider a home at Piramal Aranya, a project that is situated near Rani Baug (the lush Veer Mata Jijabai Bhosale Udyan and Zoo in Byculla) and has breathtaking views of the Eastern Harbour.

Piramal Mahalaxmi is located in the upscale suburb of Mumbai, with panoramic views of the Mahalaxmi racecourse and the Arabian Sea. Alternatively, Piramal Vaikunth offers a biophilic residential complex in the fast-developing locale of Thane, with a picturesque view of the Yeoor Hills and the city skyline.

All of our projects have been designed keeping in mind the standards of modern luxury living and the travails of city life.

• Low interest rates for home loans

As is the case with most sectors in the economy, the banking sector has been gradually recovering from the impact of the pandemic. With the demand for home loans registering a steep decline during the first year of the pandemic and the ensuing lockdown, the home loan interest rates also declined to a four-decade low as of May 2021.

However, with the sector slowly gathering momentum again in the last six months and buyer confidence gradually getting restored, people are now looking at owing a home and the reduced home loan rates are making it easier for them to make their dreams of buying a home in Mumbai a reality.

To sum it up

With projects that strike a delicate yet firm balance between luxury and tranquility, connectivity and seclusion, excitement and stability, Piramal Realty is committed to providing excellent homes to customers. To get the first glimpse of your future home, click here.

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