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Jan 18, 2023

As a result of Covid-19 and the ensuing lockdown, the Indian economy slowed. Indian real estate markets took the biggest hit during this slump.  However, the real estate industry is also recovering as the economy shows signs of improvement. Due to the increased demand for properties, investors who were previously cautious about entering the market are now active. And this is despite growing house loan interest rates and the cost of real estate in India.  

Additionally, they are trying to determine whether they ought to purchase a home in the existing economy. The decision to purchase a home is influenced by several variables, including affordability, locality, competence to repay the loan, and changing real estate prices. These guidelines will help you decide if now is the right moment to buy a house, even if there are no strict guidelines for making decisions and uncertainty on whether real estate prices will fall persists.

  1. An improved cash flow management: Cash flow is important when purchasing a home. It’s a smart idea to invest in your new house now if both your present and future financial flows are feasible.
  2. Cost-cutting trend: When a property’s valuation is stable or low for a while, then the Indian market for real estate experiences cycles. These times are ideal for finding economical housing
  3. Credit score: The interest rate will be affected by even a 25-point change, resulting in significant repayment-period savings. Therefore, it is a favourable time to purchase a house if the credit score is high.
  4. Rate of interest: The fact that the interest rates on home loans are currently at 8.5 per cent indicates that now is a favourable time to purchase a house. Furthermore, it makes sense to lock in a property sale while interest rates are still relatively low given the persistent inflation and the central bank’s anticipated tightening of lending standards.

A scenario analysis indicates that the investor should purchase their ideal home before prices reach their peak. Due to rising interest rates and increased demand driving up housing costs, potential home buyers face a double bind as the residential market continues to experience expansion and is positioned at a tipping point. 

Check out gated communities at Aparna Zenon and Aparna Kanopy YellowBells to purchase your dream home. 

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