Noida homebuyers face increased EMIs due to delayed apartment registrations. Banks are charging an additional 2% interest because of unresolved issues between the Noida Authority and developers.
Gujarat's state government will launch a comprehensive new housing policy aimed at urban areas, including slum rehabilitation and affordable housing development within a month.
When considering home buying, factors like timing, budget, and financial advice are crucial for making informed decisions in real estate.
Navigating home buying involves critical questions, especially on timing. Financial experts recommend careful budgeting and awareness of market conditions to ensure wise investments.
Prospective home buyers should prioritize affordability over fear of missing out, as current real estate prices are excessively high, with a 30% correction needed for sustainability.
Real estate developers are offering incentives like "No EMI till possession" and "EMI holidays" to boost sales amid a sluggish market. These offers aim to attract end-users by easing the financial burden until project completion.
The disparity between homeowners and tenants in Mumbai is stark, with rising rental prices reflecting the booming real estate market, according to industry experts.
SBI has reduced home loan rates, prompting other public sector banks to follow suit, making borrowing more affordable for individuals and businesses.