WITH INTEREST RATES IN INDIA TRAVELLING UPWARDS, IS IT A GOOD TIME TO BUY A HOUSE?


Not just in India, but across the world, the above-mentioned question is one of the most common queries in the minds of aspirant home buyers before they make the investment. And the best answer to this is that “it is always a good time to buy your dream home. ‘Coz there’s no other feeling of achievement that compares to owning your own space.” And in a market situation like current times in India, where the interest rates are travelling upwards (thanks to the Prime Minister’s strategic policies and proactive initiatives), you save a lot by investing early… especially when compared to higher future rate increase possibilities.

Unlike, other developed countries, the Indian property market tends to be extremely volatile and unpredictable in nature. Amidst incessant project delays, poor quality of constructions, false promises, and no proper format to distinguish top grade developers from the mediocre ones, it is the poor Indian Home Buyer who is taken on a ride. But most of that is in the past now. Through this blog, Loan Bazaar by Upstream intends to keep Home Buyers informed of all the nitty-gritties and help them make the right investment decision at the right time. From Home Loans and Personal Loans to Property, Business and Loan against Shares, we will guide you, one step at a time and one topic at a time.

Here are some basic points to bear in mind, before you decide on buying your dream home. These points should help you discard the clutter of information out there and focus on the important aspects.
i.                     After the passage of RERA in May 2018, the interest rates have been regulated substantially thereby tremendously increasing the purchasing power of a home buyer. So, you are in a good space to begin with.
ii.                   Although the interest rates are lower as compared to the last 2 years, the graph is steadily travelling upwards. So, the sooner you make up your mind, the better and higher are your savings.
iii.                  Falling prices of properties have resulted in a dip in sales for most developers and they are keen to sell off their stock to avoid further losses. So, the Buyer is king as of now and you need to take advantage of this trend and go for the best deal possible. Lower project costs mean lesser amount paid in interest. If you are still not convinced, say hello and we’ll help you individually.
iv.                 Don’t just choose your home based on the builder’s advertising prowess.
You must look closely at other factors such as:
a)      Reputation of the Developer: Their Brand Image in the market directly impacts the resale value and the mortgage value of the property.
b)      Investment Proximity of the Project: This refers to location, size, existing permissions and government status, which directly impact the future of the project; and hence, impact its financial health too.
c)       The Right Financial Help: Last but not the least, getting proper advice from a genuine financial firm or adviser is as important as choosing the right property.
d)      At Loan Bazaar by Upstream, it is our endeavor to assist you through all these aspects whilst keeping your needs and financial health “above ours”. Yes, it’s true!

At the risk of sounding cliched and overstated, we assure to keep your interests above ours throughout the consultation. And to establish this fact, we offer FREE CONSULTATION to all Home Buyers (big and small; salaried or self-employed). We will only guide you to make the right decision from a financial perspective. Period.

Just get in touch with us on +91 98199 31447 or  Email@ shrish@upstream.net.in and let us get you started on how much you can save by buying your dream home, “now”.

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