Home Buyers Cheer-up!
Happy news awaits you. Who says the real estate market is experiencing a slow-down? It is rather in its strongest form ever. Ready to bloom advantages not just to the developers but to the investors as well.
Here are the three prime reasons supporting our claim –
- Property prices have recently undergone correction with no further hope to fluctuate. Right time to grab the perfect opportunity.
- This has never happened over the past two decades—the home loan interest rates are at their lowest.
- Immense support is flowing in from the government as well. Home buyers can now take advantage of the recently announced incentives and schemes.
Government Support & New Reforms
Also, with the Real Estate Regulatory Bill soon coming into play, Real Estate will become an investor’s hotbed. All the transactions will be clear and open, plus buyers will have full security. RERA will not only be advantageous for the locals but also for NRI investors.
Must Read: RERA – What all it has for the prospective property buyer?
Talking about government schemes, here is a brief mention about Pradhan Mantri Credit Link Subsidy Scheme and Chief Minister Awas Yojana:
- Under Pradhan Mantri Credit Link Subsidy Scheme (CLSS), an upfront interest subsidy of up to INR 2.3 to 2.5 lakh will be offered to a buyer having an annual income of up to INR 18 lakh.
NOTE: The beneficiary or any of his family members under the above scheme cannot be an owner of a pakka house. - Coming to Chief Minister Awas Yojana, the Stamp Duty of INR 50 (for EWS) is now exempted. For the developers, there are benefits like full wave-off of approval fee, height & ground coverage relaxation, and increase in the limit of free FAR (from 1.33 to 2.25).
Conclusion
With favorable market conditions, reduced loan rates, and government-backed benefits, investing in property now ensures long-term financial growth. Don’t miss this opportunity!
Frequently Asked Questions
Q. Why is now the best time to buy property?
Property prices have stabilized, home loan interest rates are at their lowest, and government schemes offer attractive benefits for buyers.
Q. How does RERA benefit home buyers?
RERA ensures transparency, protects buyers’ rights, and makes real estate transactions more secure for both local and NRI investors.
Q. What are the benefits of the Pradhan Mantri Credit Link Subsidy Scheme?
Buyers with an annual income of up to ₹18 lakh can receive an interest subsidy of ₹2.3–2.5 lakh on home loans under this scheme.