The world has suffered an economic plunge due to the Novel Coronavirus, disrupting non-essential markets. The unprecedented pandemic not only took lives but also jobs. Those who are still employed have managed to save a considerate amount of their income, creating opportunities for investments. But the real question is – Where to invest?

As we can see that the virus has taken the real estate market to a record low, it is, however, predicting a swift rise in few years. Especially for high-income earners in Kolkata who can seamlessly purchase a duplex in South Kolkata. Many factors have come into play in these few months that have eased the options in buying property. Here are a few:

1. Low-interest rates: A powerful move after 15 years, the Central Bank has decreased interest rates to a record low for those who are willing to invest. Cheaper loan rates less than 8% and elongated durations for repayment will increase liquidity, creating a demand in the market. The low pricing in this juncture will be an added benefit for buyers interested in investing.

2. Higher returns: What looks somewhat dull today will shine tomorrow. Real estate, being an interest-sensitive market, will fetch comparatively higher returns if invested for long-term. With south Kolkata being a very prime location for properties, the value will increase with time, depending on inflation and demand in the market.

3. Tenancy to ownership: A large section of people who live on rent have faced immense hardships in these months with their landlords driving them away to stop the spread and other issues. To counter this, the most feasible option for tenants is to acquire ownership of property by making use of the factors above. Not only will this be a safe abode for the investor, it will bear a hefty sale price in the future, considering the property and location.

4. Offers & deals: Land owners and promoters have suffered a lot in these few months of the virus. Hard selling has become their only way to attract investors. Various offers like discounts, free parking, waivered taxes and cashbacks have been some of their strategies. These options have proved viable for most investors before and will create more demand during the pandemic. While every other market is selling products at higher rates to recover from their losses, the real estate market is using this opportunity to benefit both parties.

5. Environmental factors: South Kolkata is one of the most pristine and evergreen areas of the country that houses people from all walks of life, especially high-income groups. South Kolkata has almost every amenity at hand, from metro to railway services, malls, hospitals, stores and more. The famous Rabindra Sarovar Lake basks on nature’s lap with the cleanest air in the whole city, providing a healthy and hearty lifestyle to the dwellers. This is a wonderful opportunity for investors to put their money on the best of homes and nature.

If every cloud has a silver lining, it can be said that the real estate market has just begun to regroup for better times and better businesses amidst the pandemic. While the time and money is absolutely perfect, it is quite reasonable to invest in a luxury property at South Kolkata in a post-Covid world.