Owning an apartment has always been a distant dream for several city dwellers. Due to exorbitant real estate prices, such city dwellers were compelled from buying properties. In fact, this led them to take rented properties instead. However, today things seem to be on the positive note. There are several trends and interesting events taking shape to turn their dreams into reality. If you are in the same boat hoping to buy a designer apartment in Rajarhat, then this is the right time for you.
The Indian Government’s bold move to stand against the black money holders by prohibiting Rs. 500 and Rs. 1000 notes have turned things on the right track. This surprise move by our honourable Prime Minister Mr. Narendra Modi is expected to bring a cooling effect on some pockets of the Indian residential market. To be precise, the recent refusal on the higher-value notes is expected to deal with black marketing in a harsh way. The most interesting part of this move is, there will be a downward pressure on the real estate’s interest rate structure.
No wonder, this step will certainly come as a respite to those homebuyers who cannot meet the expense of the higher EMIs (Equated Monthly Instalment) on home loans. With this, even the developers are moving forward towards working on the affordable housing section. In fact, this is gradually opening up another opportunity for those homebuyers who find themselves completely priced out of the realty market especially in the metropolitan cities.
Check out the benefits you will be enjoying as a homebuyer right after demonetisation.
Get Cheaper Home Loans
Good news for all homebuyers! Now, if you plan to buy a designer apartment in Rajarhat, you can avail cheaper home loans. You can expect the home loans to be down to approximately 7%-8% as banks will now be flooded with finances, driving down the interest rates on loans and deposits. So, when owning an apartment is now gradually becoming easy, get your dream home today.
Avail Lower EMIs
As there will be lower interest rates for properties, the Equated Monthly Instalments (EMIs) will automatically drop. Now, this will make the apartment prices come within the reach of the homebuyers.
Benefit from Attractive Investment
To be precise, when buying a residential property becomes attractive for both the investors and the end users and that too at lower interest rates, the real estate market is sure to enjoy a massive boost.
Enjoy Improved Infrastructure
With demonetisation, the Indian government will now have a huge amount of money to boost funding in several infrastructure schemes (Housing, Swacch Bharat Mission, and Smart City Mission for all). There will be better pricing rates and demand for properties, better connectivity to State/National Highways, new Airports in town and upgradation in city transport. In fact, this is sure to boost up for a good future in India.
Hope the above points on how demonetisation will boost you up in buying a designer apartment in Rajarhat helps you in understanding the present day scenario and take decisions of buying a new house accordingly.