Indian real estate witnessed stable growth in 2019 but with the advent of the new year 2020 and the Budget, hopes are high for it to gain rapid momentum to sustain and grow at a good rate. Knight Frank expects the GDP to reach 6-6.5% this year which is a very positive indicator. The RBI had dazzled consumers in 2019 by reducing its lending rate by 135 basis points but the rate transmission by banks was shockingly slow. Considering banks are obliged to play a part in reviving the Indian economy through demand support, they will hopefully bridge this gap in 2020 and buyers will get access to cheaper credit. Home seekers planning to buy their dream home can take that important step this year as one will be spoilt for choices with unlimited housing options, and low interest rates and property value will put the buyer in the driver’s seat.
Even with this excellent climate for buyers, it’s better to be prepared and alert. Listed below are some simple tips that will help you get a good deal when you go shopping for your dream home in 2020:
As real estate authorities in respective States, through their pro-buyer stance, are trying to transform the market into a more consumer- centric one, buyer sentiments will hopefully get a boost in the year 2020. This would trigger fresh activity and sales numbers might improve. Buyers who are willing to make a move in this market would certainly reap the benefits of low interest rates and high ready-to-move in and under-construction housing stock.
Ashiana, Ashiana Housing build homes. Homes surrounded by vast green spaces and fresh breeze. Homes cocooned in secured gated complexes. Homes where futures are forged and there are opportunities to grow. And Homes in environments brimming with healthy activity, trust and respect. At heart, we build communities with care.
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