Experts predict the real estate market will see a surge in returns in 2-3 years.
Because cities are in locked down and people are reluctant to move out of their houses, buyers have the greatest worry over whether or not their investment in the real estate is secure. Realty shares have slipped into COVID-19’s terror, and many customers are uncertain over whether to stay invested or exit.
Though according to the experts, now is not the time to panic and exit but to stay committed as an investment is also a long term goal. And the recommendation is that real estate investors should wait to come back for happier days.
“Equity generates wealth over a long-term basis. Short-term traders may be concerned; however, long-term investors see it as an opportunity. A quarter or two can go poor, but the market will be around for decades. So all I see today is an illogical sale. It’s just desperation and uncertainty that causes confusion. Promoters never panic but see it as an opportunity,” says Dhiraj Mittal, CEO, Prime Capital Services.
“Many businesses and even the TATA Group CEO, I read in the news recently, are buying. Wise investors will go ahead and purchase. Investment now in real estate or other well-managed company can deliver tremendous returns over a quick 2-3 year span,” adds Mittal.
Do you have to fear that the COVID-19 might endanger your investments?
Mittal says, “COVID-19 If you look at the history, China was the first to get infected now they’ve withdrawn the lockdown. As we see in the news, this virus has a bell curve where they’re increasing, and they’re dropping, based on that the condition may get usual by a month of May, although there are still exceptions.”
Developers claim the present condition is not a result of the real estate industry’s poor performance. They say this condition doesn’t mean that the real estate market is not performing well. Rajesh Prajapati, MD-Prajapati Group, founder President MCHI-CREDAI Raigad, “I don’t think customers should be concerned. It’s not just about the real estate market this fall. This decline of inequity isn’t just a reflection of how our business is performing. Investors are now in a mood to take away their money. Nothing to panic about, it’s just a transient process and the real estate sector will improve