PROPGUIDE − A Complete
Property Guide
#happyhome
The desire to have a place of your own is more a question of safety ─ physical, mental, emotional and most importantly, financial. However, there are certain fears homebuyers commonly face during this process. We examine some of these fears.
If the word 'delay' has become a defining term for India’s real estate sector, much could be blamed on the absence of a single-window clearance system. While it would be a one-sided approach to blame everything on the slow pace at which projects get clearances from multiple government departments before work on them can be started, it would be an equally grave mistake to undermine the detrimental role they play in making matters worse.
Knowing that the commercial sector is much more resilient, experts are of opinion that the residential developers are now bound to foray and diversify their assets to ensure returns and profits. Is that what the residential developers want though? Let’s examine.
As against 68.9 per cent of participants, who said they expected housing prices to increase in September last year, about 67.1 per cent expected prices to move up this year, shows a survey by the Reserve Bank of India.
At a time when several banks have lowered their home loan rates and the government has increased the tax deduction limit on home loan interest component to Rs 3.50 lakhs, it makes perfect sense to invest in property with the help of housing finance. However, care must still be taken to make sure what is profitable now, remains the same in the future, too.
