Buying Your Dream Home by Ankit Goel Ganga

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Buying Your Dream Home? By
Ankit Goel Ganga
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Owning a house is one of the life goals of many
people. If you are willing to buy your dream
house, its time to make the move as the housing
prices have seen optimal correction and are
unlikely to fall further.In fact, all-time low
interest rates, government impetus to housing
for all, ample ready supply and attractive
offers by the developers have made it an
opportune time to buy a dream home, suggests
Ankit Goel, Director, Goel Ganga Developments.
He shares a few factors cementing the fact that
now is the best time to buy a property
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Factors you should know when
you buying your Dream Home REDUCED HOME LOAN
INTEREST RATES CORRECTED PRICES AND
OFFERS SUPPLY-SIDE ENABLERS GOVERNMENT IMPETUS
REAL STABILITY
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REDUCED HOME LOAN INTEREST RATES
CORRECTED PRICES AND OFFERS
Owing to the pandemic, the Reserve Bank of India
(RBI) employed a liberal approach and reduced
the benchmark Repo rates on multiple occasions
during the last two years. This resulted in a
sub-seven percent regime of home loan interest
rates.
Goel Ganga Developments are
offering attractive rebates such as EMI
holidays, absorption of stamp duties and
furnishing at no extra cost. In addition to
this, developers are also transferring the
benefits of stamp duty rate reduction in various
states to the potential homebuyers, resulting
in further cost savings.
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GOVERNMENT IMPETUS
SUPPLY-SIDE ENABLERS
This time, the real estate market is far better
off than in the times of the 2008 economic
downturn. At that time, it was a sellers
market. Although, Coronavirus had temporarily
halted the real estate and construction projects
for a brief period, the arrival of vaccine has
revitalized the sector.
The Housing for All by 2022 Mission is
providing a conducive environment to own dream
home. The extension of CLSS benefits has
presented a unique opportunity to the buyers to
go for the home purchase.
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