Why This is the Best Time to Buy a Home in India


The real estate market in India has seen multiple ups and downs all through the years. The market for real properties in the country depends upon a lot of factors, including the economy of the country, the government schemes, income trends, and even a good financial season. Given all of that, not all times provide favorable market conditions for the home buyers to invest in the property.

However, owing to a series of developments in the past few years, it can easily be gauged that now is a very favorable time for home buyers looking to invest in a property to take the plunge, go out a buy a home.

Here is why we are saying so:

End-user at the Advantage

Though there has been a minor increase in the interest rate on home loans recently, the rates are still much lower than what they were  5-6 years ago. On top of that, owing to the government’s push to promote affordable housing for all, several new tax exemption rules have been brought in, putting the end-users, i.e., the home buyers in this case, at a tremendous advantage. The interest you pay on home loans is being exempted from tax to a larger extent now.

The Demand-Supply Equation

Real estate is an industry that grows as a function of the demand, and owing to government’s push and overall economic stability, the demand has been on an upswing. The real estate sector has seen tremendous growth in the past few years, particularly in tier II and tier III cities, including the outskirts of the big cities.

In the light of the eased out environment for home buying, La Prisma offers a variety of options for best flats in Zirakpur, including 2BHK and 3BHK flats in Zirakpur.

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