The present market is a buyer's market. Prospective home-buyers should take advantage of the declining home loan interest rates and quickly make the purchase.
The present market is a buyer's market. Prospective home-buyers should take advantage of the declining home loan interest rates and quickly make the purchase. The market had reached its lowest point sometime back;
the demand can only improve from now on. One should consider that while interest rates can't fall further, housing rates can come further down. In the current scenario, builders too are open to negotiations. This means that buyers can get good value for their money.
The government is also taking steps to revive the real estate industry. Various SOPs have been introduced for this sector. From the FDI perspective, the funds are still coming into India unlike in many other nations. Many FDI players, though cautious, are constantly looking for good deals in the country. We are poised for overall growth.u00a0
Considering that this is bargain time, buyers are looking out for the best possible deals. But there are a few factors that everyone should keep in mind before booking a house. The reputation of the builder comes foremost. The buyer should check whether the builder has a proven track record and if all the plans are approved or not. Nowadays, many reputed builders are also coming up with unauthorised projects. Also check if the builder delivers the project on time or not. Home-buying is an important step and worth every bit of homework.
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