The Festive season has marked its entry and developers are already wooing the home buyers by offering various freebies and attractive offers. Perhaps, this is the best season, when several homebuyers look to invest in property. However, there are certain things property buyers must know beforehand. One of the important factors among all is the hidden cost.
As India is celebrating its 72nd independence, the country’s real estate market has witnessed a lot of changes in last few years. The market which was not consumer favourable once, today due to many policy reforms has become buyers and investor’s favourite. From affordable housing to technological advancements, Indian real estate has expanded its reach across every part of the country.
Celebrating this Independence Day, let’s take a look on some of the biggest milestone, Indian realty sector has achieved:
The Non-Resident Indians popularly known as the NRIs have again started taking the Indian property market seriously. Here the word again is used to remind you that the new reforms and property prices shoot up were the few reasons that made the NRIs hesitant to invest in the Indian Real Estate for the past sometime. But, now the situation has altered as these people are willing to invest back here as India is their home and the implementation of new rules is making them confident enough to put money in the property market here. So, below we are listing the main reasons that intend maximum investments from the NRIs here in India:
Today the maximum number of home buyers look for a fresh home means the newly/fresh constructed home but there are many who won’t mind buying a resale property. So, if you are confused about which one to opt for then let us tell you that purchasing a resale property/flat comes with their own benefits in comparison to the freshly constructed properties.One mainframe advantage of buying a resale residential property is that the prospect is likely to own a home which is prefixed with various fixtures such as fans, lights and hanging loops. Apart from this, the essential for homeloan on the purchase of same are listed below:
New Delhi: For those who are looking to buy their house in 2018, here is good news for them. In a bid to promote Government’s affordable housing scheme, the GST Council has recently announced several important recommendations for the housing sector. These changes will come into force with effect from 25 January 2018.
As per the new recommendations, now homebuyers who want to buy their house under the Credit Linked Subsidy Scheme will be entitled to concessional goods and services tax (GST) rate of 8%. Earlier they were charged a GST rate of 12%.