Indian house prices are set to accelerate this year to a pace not seen in half a decade, according to a Reuters poll of property analysts who also warned that higher interest rates will crimp affordability, especially for first-time buyers.
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
The normal tendency is to divide a house room-wise or floor-wise. This may not always be the right approach to apportion a property. An opinion piece on how one could divide their property.
Despite the pandemic, the residential real estate market is booming, with homes selling like hot cakes. The residential segment in top Indian cities has remained overly optimistic, making it a top investment choice.
There has been a growing demand for online real estate. Digital real estate has moved out of the corporate lexicon and has now become a reality. From search and discovery to the transaction, homebuyers are now relying on the online space.
Goa leads domestic demand for second homes, with a fifth of respondents interested in buying a second home in the state and experts expect the international airport at Mopa to have a multiplier effect on Goa, both as a destination for tourism and a state to own a home in.
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
With the festive season ahead, banks across India have started giving offers and providing concessions. One such phenomenon that has been going around recently is interest rates of home loans that find themselves at an all-time low across the country. One such recent entrant into the list of financial entities to slash their rates was Kotak Mahindra Bank.
In a move that is likely to breathe life into the real estate sector, chief minister Pramod Sawant on Wednesday announced that the infrastructure tax levied on the construction sector would be reduced by 30% for a period of six months from April 1. Sawant also promised to bring in “major reforms” in the functioning of planning and development authorities.
Buying a resale property appears much simpler than buying an under-construction unit. However, there are some crucial checks and documents requirements before you enter into a legal contract. Every property transaction involves two key components – one is the physical verification of a property and the second is its legal due diligence.