With principals based on building trust we are Delhi's leading ISO Certified designer home developers.
Established in 1984, Pramod Associates is a Delhi based designer infrastructure and development company which is constructed on the foundation of building trust.


Pramod Group / Lockdown Blogs  / The Complete Guide to the Real Estate Market during COVID-19
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The Complete Guide to the Real Estate Market during COVID-19

Living through lockdown is very difficult, especially for potential home-buyers and homeowners. This is natural considering the uncertainty of the times we live in. Especially if you are a homeowner, having questions regarding your loan and other such matters is natural.


At the end of the day, your designer house in Delhi is an investment. And, as a company that provides such designer turnkey homes for our clients, we consider it our responsibility to help you remain updated on the latest news.


First, let us turn our attention to prospective buyers and their questions during COVID-19.

Pramod Buildtech’ Guide to Surviving Lockdown for Prospective Home Buyers


There are usually 6 points prospective buyers bring up. As a leading designer turnkey home provider, we understand the real estate market and know the answers for our respected buyers!

Choosing a Developer


You need a developer large enough to weather the current conditions. Delayed deliveries and, therefore, constructions may become an unfortunate reality for a lot of smaller players in the industry. However, with Pramod Group by your side, you have access to 35 years of expertise in developing designer homes. Our diligence and dedication to punctuality combined with our resources, ensure that we will be able to bounce back after the crisis passes.

Invest in Real Estate Sooner than Later


The real estate market’s stability is one of the main reasons it is a good investment in such turbulent times. Real estate has also historically outperformed equities, and the current drop in interest rates makes it ripe for your investment. For the same EMI, you now may have a higher loan-eligibility!

Why Invest in Real Estate


You may be someone intending not to buy a house and to, instead, live on rent. You may even have other investments bringing in money. Also, if this is the case, there are two reasons real estate is always a good idea:

  • Buying a ready property like the designer homes we provide in Delhi saves you the rent you would otherwise pay for the rest of your life. A thumb rule in asset investment is allocating about 30-40% of the portfolio to real estate investments for better returns. Real estate is also the only asset class whose value appreciates with time!
  • Owning a home in a time like COVID-19 ensures that you have a roof over your head at all times. This provides a much-needed level of safety and security.

The Ideal Home Size


The perfect home size you choose depends on your plans in 10 years. Say you just got married and are planning to have a kid soon. Your current home needs to have the space. It cannot be a one-bedroom apartment. So buy a house within your budget, keeping a 10-year plan in mind.


At Pramod Group, we hope you are all keeping safe during these times. We also hope that you understand that your life should not be put on hold because of COVID-19. If you want a home, invest in it! It is not too late, and our experts are always just a phone call away to tell you just that!


Second, we will tackle some of the points that existing homeowners need to know while in lockdown.

Pramod Buildtech Guide to Surviving Lockdown for Homeowners

There are typically 3 questions we get from homeowners regarding this trying time. So we are here with all the answers to put your mind at ease.

Managing EMIs amidst Salary Cuts


A lot of companies have announced salary cuts during this time. Such decisions take a huge financial toll on the working population in this country.


Luckily, the government of India has allowed everyone to defer their EMI payments by 3 months. Therefore, your credit scores stand unaffected. That said, your interest will continue accruing, and you need to reach out to your bank for more details.

Recovering the Accrued Interest


Currently, there is a moratorium of 3 months, during which time all outstanding amounts continue accruing interest in the banks. There are 3 ways banks may choose to recover this final amount:


  • A one-time payment
  • Increasing the remaining EMIs
  • Extending the tenure of the loan


That said, if you do not have a cash crunch during this time, allowing EMIs to continue as usual is the best option. This will enable you to pay off your loan faster.

The Legality of Deferred Payment


You need to understand that deferring your EMIs is something the bank has to do if you ask them. They cannot refuse a government mandate. It seems off because this completely changes your routine. But this deference is just to help you with your financial management.

Pramod Group

Established in 1984, Pramod Group is a Delhi based designer infrastructure and development company which is constructed on the foundation of building trust. It has been serving its customers with quality floors well over two decades.

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