planning your home purchase

Getting started early on the planning will help you get a good deal on your loan

With property prices hovering at attractive levels, prospective buyers will find this an opportune moment to buy a home. In the wake of demonestisation, and the cash crunch with the new notes taking some time to reach the banks and ATM, this will come as a trigger.

The home loan interest rates began on a downward trend recently and it is likely to continue. The sentiment is bound to look up as prospective home buyers find their affordability factor going up with cheaper home loans, more tax sops and attractive property prices, all adding up to make this one of the best market conditions in recent times.

It is time to get some spade work done if you have been planning to you a home. A significant number of fence-sitters will jump into the fray, now that the Union Budget is out, which will push the market sentiment up a bit.

The Year of Affordable housing

Going by the interest shown by pm modi in helping the lower-income segment scure a home of their own, we can expect to see more affordable housing Villa projects launched in the Indian realty space than in any other segment

With the Modi Government’s constant push for affordable homes, coupled with the infrastructure status for affordable housing in the Union Budget, ‘affordable’ is now a buzzword in India’s real estate sector.

Infastructure status a ‘Affordable Housing’

1. This measure will allow low-cost and long-term fund fo the sector, which when passed on to homebuyers, will reduce the cost of affordable housing.
2. The new status will augment resource allocation for the sector which, in tur, will boost housing supply and reduce the huge demand backlog.
3. This will also make financial institutions look at the sector favorably, as they will have lower risk weight age in giving loans for affordable housing.
4. Thus, large public 3/4 BHK Floors sector 60 gurgaon  investors like EPFO as well as insurance  firms that are mandated to put a portion of their funds in infrastructure, will look to invest in the housing sector.
5. This will go  a long way as  very critical supply side in centive to bring I private investment into the affordable housing sector.
6. This, along with subvention schemes announced of  EWS and LIG housing, and recently announced for MIG housing as well, will contribute significantly towards ‘Housing for All’ mission.