5 Reasons That Make “Now” The Best Time To Buy A House

5 Reasons That Make “Now” The Best Time To Buy A House

If you want to buy a house then “Now” is the best time to realize your dream. Read on to find out 5 reasons that make the present times the best for property purchase.

Implementation of RERA

RERA has instilled in the buyers the confidence to invest in residential property as they are confident that their interests will be safeguarded. It has also found favour with a large section of developers who are happy and contented with RERA as it ensures accountability and increases transparency.

Affordable Housing

Tax deduction on the rate of interest for home loan, credit-linked subsidy plans, tax holidays for developers of affordable housing projects etc. are incentives enough to invest in property purchase. Low price, accommodating financing terms and numerous amenities provided by developers, on the other hand, have kept the demand growing for such projects.

Low Home Loan Rates

Home loan rates are at the lowest for a decade. Some banks like SBI have even waived off the loan processing charges. The gap between purchasing a flat or renting one in some micro-markets as well as for some mid-segment have narrowed down which have promoted home purchase.

Reduced Stamp Duty

Many states have reduced stamp duty to promote home buying. Take for instance the cases of Maharashtra and Karnataka, two states that have reduced stamp duty. The decision has boosted transactions in both these states. Even West Bengal has announced to slash stamp duty and circle rates.

Tailored Payment Plans

Developers today offer tailored payment plans. This includes no pre-EMI and payment protection plans as well as price rebate of 4-7 % on under-construction projects. These initiatives have provided great impetus to residential sales despite the pandemic.

Looking to purchase a home but do not know where to go? Trust SMC Realty to help you find your dream house at the least possible rates and from the top developers of the country. A click here can solve all your hassles.


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