When buying a home, the homebuyer should be able to pay at least 20 per cent of the property value as the down payment. Thus, making saving for the down payment a goal-based, long-term project.
The year 2022 has been a positive year as the sector posted a strong recovery across segments – housing, office leasing, and retail. Given the confidence built in 2022, one can expect an uptick in sales in the coming year and the growth of luxury homes will be positive in terms of quantity and quality.
Real estate investing is a common feature of the Indian economy. Indians typically purchase property with the intent of investing or renting it out. Initially, developers and brokers believed that this trend was solely due to working from home (WFH), but it is still a force to be reckoned with.
The price hike in the real estate sector, which started around late 2021 and continued till the first few months of 2022, ranged between three and nine per cent. Experts state that this is the peak and prices would be stable till the end of the year.
There are plenty of reasons why a home insurance policy is an indispensable addition to one’s financial portfolio. The most significant reason is that it acts as armour to protect your home against potential risks and damage caused by unfortunate events.
Starting small with your first house can be a great beginning in homeownership as it is a reliable form of security when the chips are down.
Opting for a joint home loan can give you additional benefits. Let’s further explore the advantages and pitfalls of applying for a joint home loan.
As the realty sector is highly dependent on bank financing for both builders and customers, it was anticipated that rising rates will impact post-pandemic recovery and slow down sales.
During the past decade and a half, the government has gradually loosened Foreign Direct Investment (FDI) regulations, enabling more investment and economic expansion.
Real estate investment or buying property in Goa is set to become costlier with the MOPA Airport starting operations soon. The new airport will be a growth multiplier for real estate demand in the coastal state of India which is already enjoying a bull run after the pandemic.