Most do not realise that longer the loan tenure, higher is the interest amount paid. Therefore, to minimise the interest cost and get out of debt faster, one must look at ways to clear the liability as soon as possible
While welcoming the town and country planning (TCP) department’s decision to offer higher FAR for residential and commercial buildings at the Kadamba Plateau, industry bodies have attached a rider, saying that power, water and sewage connections must be put in place.
As work-from-home models subside, there is a shift in demand back into the cities, especially now that most offices have returned to normal operations, and homes nearby have become furthermore attractive to potential homebuyers who are looking to live near their workplaces.
According to the Knight Frank report titled ‘Real Estate Outlook 2022’, India’s realty sector is showing signs of healthy growth in 2022. With the steady performance and quick revival, the real estate sector regained the buyer’s and investor’s trust and further picked up the growth momentum.
HDFC Chairman Deepak Parekh Friday said the housing and real estate sector is “heading into the best of times” with a lot of “optimism in the air”. “In over 50 years of my work life, I have not seen housing affordability better than where it is today in India. I have not seen such easy liquidity conditions and interest rates at such record low levels,” Parekh said
Today, the second wave of coronavirus has imbued uncertainty in the sector resulting in a temporary pause, but developers are now better prepared and well-versed with the know-hows of a pandemic. India’s resilient and burgeoning real estate segment has always remained an investor’s favourite, and one of the most sought-after realty markets globally.