Reasons to Invest in Real Estate projects in Mohali and Chandigarh during covid

The Coronavirus onslaught has changed the way we see our daily lives, the things of basic necessity we had taken for granted, and the perspective of the entire world. This had disrupted the world economy, travel, trade, and so on causing a ripple across the entire supply chain of the industries. The real estate Projects in Mohali and the real estate projects in Chandigarh were no exception. There has been a delay in the construction of various projects and flats in Chandigarh and across other places of India, problems due to the migration of labor, and other issues. But this adversity has allowed everyone to reinvent new strategies. As it was seen during the real estate crisis in India in the year 2008 after which the industry yielded a multi-fold return after the decade. Thus even today, in such an adverse situation several innovative developers based Chandigarh have introduced their upcoming projects in Mohali. So if you are looking for property to invest in for end-use as a long-term investment then you can consider investing with VRS group. Their latest projects incorporate everything you would need in a flexible, healthy-safe property. Here are some reasons to invest in a property in the year 2021:

The coronavirus outbreak has made the market essentially a buyer’s market. Additionally with the reduced Repo Rate has led to decreasing home loan rates.  If you have enough liquidity to make an investment then you can choose from the dearth of options and might as well come across an alluring deal.

There has been a massive change in lifestyle after the outbreak. We have witnessed the advent of work from home regime which has embraced the new normal. These changes have made it necessary to reinvent the workspaces ensuring a safe and healthy space. This had led to increasing demand for residential properties which in turn will boost the commercial sector too.

A well-thought investment can create a viable asset creation which can turn out to be a life-changing investment. There has also been a rise in optimism amongst people after the vaccination program had started. Other factors include the huge unsold inventory space.

We are at war with the virus and its uncertainty. This uncertainty has made us reflect on the true value of wealth and health which we had taken for granted. The risk of investing is apparent however the prevailing market conditions are lucrative and can be conducive for long-term asset creation.  So if you are looking for upcoming projects in Chandigarh or Mohali you can invest with VRS Group.

The latest real estate trend- Low Density Housing

Most of the real estate trends arise due to the constant demand of people for improved, better residential places creating an entirely different type of housing. Soon after the outbreak of the Novel Coronavirus pandemic, the housing demand trend has seen a gradual shift giving rise to low-density properties mostly in major metropolitans including Mohali and Chandigarh. The real estate companies in Chandigarh will now try to accede to the demand of these low-density residencies. Recently, GMADA had also approved low-density real estate projects in Mohali.

What is Low-density Housing?

Low-Density Housing can be described as housing with a particularly low number of housing units on any residential block or if otherwise stated it can be described as the less number of families per amount of a given space in housing space. Here a sense of non-intrusiveness and spaciousness are the main key elements that define the motto of the project. The rising demand for low-density homes is mainly due to the desire of prospective buyers to find a balance between a metropolitan city and a very small town as it directly means less crowding, fewer automobiles, more space, and a clean healthier surrounding. The spread of covid-19 is yet another reason why people are seeking to settle in low-density residencies.

What are the problems associated with high-density housing?

It is almost impossible to find solace amidst the rush in the daily life of the metropolitan city. Overcrowding, lack of housing spaces, and rapid urbanization have led to an obstruction to privacy and personal space. This is one of the reasons why people try finding an escape from the rush once in a while in the form of weekend getaways. Also, as we have seen during the outbreak of pandemic initially that in high-density areas the spread of the virus was more prevalent as a result of which soon after the pandemic there has been a rise in demand for the low-density housings.

Since due to rapid growth and urbanization the cities are getting denser and crowded people are shifting towards low-density residences for a more spacious and peaceful living. The upcoming projects in Chandigarh and upcoming projects in Mohali are going to offer just that, which means that with low-density housing there will be a greater share of amenities and more open spaces per resident.