A pivotal decision in an individual’s life, one that everyone dreams of, is of buying a home of your own. A home brings with it an all-pervading sense of stability and security that is not matched by any other possession. To invest in residential real estate is a decision that is not taken lightly and involves a lot of consideration.
The COVID-19 pandemic and subsequent lockdowns had triggered a significant slump in the residential real estate market in the country. The sector has, however, been seeing a significant resurgence through 2021, and this trend remains unabated to date in 2022. The lockdowns and social isolation have reinforced the need to own homes, bringing several new home investors into the market.
This is the best time currently to buy your dream home, investing in yourself and your family’s security and well-being. Lowered interest rates on home loans are being offered by financial institutions, which are effectively luring investors into the market. Lowered stamp duties also mean that the additional costs added to the property prices are reduced, making investments highly lucrative.
In a traditionally uncertain sector, RERA has added transparency and an increased sense of security, gaining the trust of homebuyers. In an attempt to revive the industry, real estate development companies are also offering several great deals on their projects. This has meant that home investors today do not have to bust the bank to invest in their dream homes.
With development around the country progressing at an extremely rapid pace, there are various elegant residential projects currently under development. The modern homebuyer has a wide variety of residential options available, from luxury apartment units to villas to well-developed plots. This is the ideal time to invest in your dream home as the market is robust, varied, and progressively developing.
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