In the current real estate market scenario, a scheme which has become a major selling point for real estate companies is ‘Zero EMI till possession’. Developers and builders are fully utilizing this scheme to woo prospective home buyers with the help of this scheme. So, if you are a prospective homebuyer and planning to invest in your dream home then, read this article to understand this scheme in detail and know its importance and advantages:
The last two months of 2016 created much of a topsy-turvy situation for the country. Surprise demonetization by PM Modi left the entire nation in utter confusion as to what would be the consequences, especially for the real estate sector. And now that the wave has started subsiding and things are slowly coming back to normality, positive effects of demonetization on real estate can be seen already.
Much as predicted, home loan rates have been drastically cut down by major banks like SBI, Union Bank of India, PNB, State Bank of Travancore, IDBI Bank and Indian Overseas Bank. Home loan is expected to become cheapest over the last 6 years, as other banks will follow suit. SBI, being the largest lender, largely affects the lending scenario. It has cut down the effective rate from 9.10% to 8.6%. [Read more…]