We learn something important during every adversity, and now we have learnt how deep our relationship with our home is.
With the new normal pushing us to work, learn, and exercise we are spending most of our time inside the home, alongside with the things we usually do at home leading to an unhealthy and unclear lifestyle. Thus arises a necessity for bigger if not better spaces and a calmer locality that can promise not only standards but also safety.
It doesn’t sound surprising to hear that the Pandemic has hit many sectors appallingly, including the real estate sector. This hard blow to the industry has twisted the ways things have been working into new peculiar ways. As hard as it is to believe this has something advantageous in store for you. It is said that every cloud has a silver lining, well, this one has too.
The silver lining can be you finding the key to the doorway to your new home, here are five reasons why buying a new home in this Pandemic is a good idea:
Since the lockdown in March the price of the properties have fallen significantly, mostly in the metropolitan cities, certain researches point the figure at anywhere between 2% to 9%. This could be a perfect time to get your home if you are purchasing it for you to move in to and not just for investment. With the demand going down, projects, mostly the ready to move ones that are available are offered by the builders at lower prices.
With experiments and trials on vaccination for COVID 19 underway, the situation will return back to normal of course depending upon the speed of trials and the time taken for approval from the regulatory bodies. Moreover, with that, the price will surge upwards rapidly, and you would have to pay more than you have to pay now. Also, many builders are providing a discount on their properties, it is going up to 10%, and these offers are focused primarily on affordable housing projects.
With a vast amount of inventory, the fall in demand and with some experts pointing it will take almost three years to clear the inventory in markets like Delhi NCR, builders are desperate to clear the inventory. So this provides you with ample space to make negotiations of price or request a refundable booking amount.
The availability of many choices and builders racing to sell the projects, it is possible that buyers have a sort of upper hand during the negotiations.
The Reserve Bank of India has come forward with a cut in the repo rates, which gets passed on by financial institutions and banks to customers; this can mean low-cost loans and reduced EMI for the customers. The current repo rate is at 4%.
Top banks like Union Bank of India, Bank of India, Central Bank of India, Canara Bank, and ICICI Bank are providing low-interest rate for home loans. Some interest rates are ranging from 6.70 to 7.15 percentages for salaried individuals and 6.85 to 7.15 for self-employed individuals.
The Government of India, in an effort to promote affordable housing, has introduced plenty of incentives for the first time home buyers. These incentives include tax deduction and credit linked subsidy scheme. The schemes are different for various income groups; also, the schemes cover major urban areas too.
Investing in real estate during these difficult times might not yield immediate results, but this is the best option currently. Other options in the market are highly unstable. In contrast, real estate does pose excellent stability when compared to other industries. If you are an end-user, the investment is definitely the smartest choice.
Also like mentioned above, when the world returns to normal along with it the industries, including the real estate sector, the prices of the investment property will shoot up. Real estate proves a reliable investment both in terms of capital value appreciation and as a regular income investment like renting out.
This is a bonus point to answer the question that has been bugging you in the back of your mind while scrolling all the way till here. If you are concerned with the safety of you and your family during the process of dealing, choosing, purchasing, and during the paper works, you are, of course, right. But with the online home buying proptech platforms like Homes247.in making massive progress in the digital world, it’s easy and safe also more convenient to get the entire process getting done online hassle-free.
You can use online digital forums and inquire feedback, reviews and the information you are interested in. Also, you can ask for augmented reality or virtual reality walk-ins if available and make sure to go to the RERA portal in your state to check for clearances of the projects you are interested in. These little steps will ensure you get what you are promised.
Get the Latest News and Updates Of Indian Real Estate
Well, we are aware that real estate has never exactly been one of those binge-worthy blog categories. It has neither been the kind of topic you could not get enough of, nor is it half as juicy as celebrity gossip.
However, in India, real estate blogs are starting to get clicks and likes, and it has become one of the trending topics. People worldwide are beginning to realize how real estate as an industry affects the economy and how important it is to understand housing trends to enhance their lifestyle.!
The relevance of informative Indian blogs on real estate and finance are at an all-time high now. The youngsters are bidding big on investment options, and brackets such as realty have proved to be highly dependable compared to others.
The Millennials are flooding in to invest in apartments, plots, and villas, and the earliest members of the Gen-Zs' entering the workforce and looking forward to having their own homes. This has only fuelled the growth of digital real estate blogs to keep up with the tech-savvy generations.
Also, the real estate sector has been proving time and again, how reliable an investment choice it is. So, learning about the sector is the smart way to climb up the ranks, and where else can you learn so much except from real estate Blogs! Real estate is the second-largest contributor to the country's GDP; hence there is no doubt that it affects every one of us, whether we see a future in the Real Estate Industry or not. After all, we all live in our homes, and housing is a significant part of the industry.
We know exactly what you need to know and what you like. We know you want to feel engaged and entertained, and at the same time, hot housing news should be fed to you! We have turned the tables, grab a spoon, and start digging!
And Voilà! We present to you the most Interesting and Informative blogs!
As our name implies, we are not limited to realty alone, granted we do Specialize in it. We are all about Homes, and we are in love with Tech and Innovation! Naturally, our blogs cover a myriad of topics related to real estate and housing from Luxury, Lifestyle, Home Decor, Vastu, Real Estate News, Reviews, Tech & much more!
We make every one of our real estate blogs as interesting as it can get and attach with absolutely unique and accurate images, to provide you a better understanding. Not only do we cover a wide range of topics, but we also cover them at the right time. We update you on our socials such as Facebook, Instagram, Linkedin, Pinterest, and Twitter on every trending topic, so you are never miss anything and worry about being left behind!
However, we never go out of hand with our Indian real estate blogs that our beloved Readers have come to love over the years.
Everything in India is a state of constant flux; maybe that's why we Indians became one of the most adaptable and cosmopolitan people in the world!
If the nation's elements are shifting its focus, how can real estate be any different? Indian Real Estate Sector is perhaps one of the most dynamic ones in the entire world. Since the Real Estate in India is yet to be organized entirely, the variations in one segment affect another in ways difficult to comprehend.
The complexity and nuances can be understood only by reading about what is going on in the sector. Like we mentioned above, it affects every one of us. Hence it is essential to keep up to date.
With its ever-changing shifts and tides, it's virtually impossible to keep track of the sector's latest trends and sink our anchor deep. That's where we come in! We are just one google search away!
We also try to solve every home-related query through our Indian real estate blogs. And that's not all. We provide you insights on technologies that make the modern taste and rate of development possible, detailed analysis on real estate projects, insights on loans and taxes, advice on the home buying process, and articles on health and fitness. We provide you information about the trending topics in the Indian real estate industry.
We also host video podcasts named Expert's Voices, where we discuss with the leading players in the industry about market scenarios, offers, anything and everything related to real estate.
In addition, we host Real Estate News so you can stay updated on the sporadic events that happen around the country concerning Indian Real Estate. We also make short and easy to understand real estate video blogs.
We have got so many topics to read about that even if you have years of experience or are just curious and googling to get some ideas about Indian real estate blogs, you will find the best ones here.
At Homes247.in, we strive to provide you only the best real estate blogs. Our blogs are always entertaining; even the dullest subject we touch upon, we try to make it engaging. We make sure the best of the best is are the only standard we keep ourselves at when it comes to our service or our Indian real estate blogs.
Our team is made of a dynamic group of keen hands-on expert researchers who work tirelessly along with passionate and knowledgeable content writers to bring to your fingertips the world of real estate.
On every one of our real estate blogs, we research vigorously, write creatively, carefully compile, and thoughtfully curate the best real estate blogs, especially for you, from India's best content writers and contributors.