REALTY : The Highs of Real Estate Lows: 5 Reasons to Buy a Home Now

Ray Brown once said – “The best time to buy a home is always five years ago.” Well, we don’t think so. We think that the best time to buy a home is NOW! For the last two years, the Indian real estate market is on its knees. The prices have remained stable and buyer sentiments were at all-time low. However, realty investors predict that things are about to turn positive in 2016.
Here are the five reasons why we highly recommend you to book your home right now:

Affordability is the Trend Now: The changing trends in home buyers’ demands have been noted and more and more developers are now introducing affordable housing – instead of luxury condominiums. It means you have more choice now.

Easy payment plans: The 2-year sedation in residential property means that many developers and builders (with huge debts and piling inventories) have come up with interesting deals and offers to attract buyers in most towns and cities. If you book a home now, you may avail these schemes and easy payment plans.

Lowered Interest Rates: In 2015, the Reserve Bank of India (RBI) cut interest rates by 50 basis points twice. It means that buyers can get cheaper home loans at present.

Properties in Tier II and Tier III cities are Hotter: It is being seen that property rates in Tier I cities such as Delhi, Mumbai, Bengaluru, Ahmedabad and Hyderabad have stabilized for too long. Projects there are costlier and lack buyers. Instead, Tier II cities like Coimbatore, Chennai, Kochi, Pune, Lucknow, Jaipur, and Indore are experiencing growth. Tier III  cities like Mathura are also seeing a rise in demand for luxury and semi-luxury apartments.

Real Estate Prices may go up in 2016: The government is expected to clear the amended Real Estate Bill which will definitely have positive effects on buyer sentiments. FDI in realty is all set to increase to. With boost from the government, the growth in real estate sector is almost evident – which means that real estate prices are all set to rise too. If you are looking to buy a home, book it now!