Good Days Ahead For Home Buyers

By Jay Dee Infra In Home Buying Tips, Home Loan, Real Estate News, Real Estate Ranchi No comments

Good Days Ahead For Home Buyers

Are you looking out to buy a new projects in Ranchi? Then this time is the most desirable time, that you might have been waiting for.  As the Government along with other higher authorities in the country such as RBI has set their eyes on the real estate sector to improve its present condition.

And this is quite visible with several recent developments, that includes the clearance of Real Estate bills and twice rate cuts by RBI. Further to the RBI rate cut, well-known banks like HDFC, ICICI, Axis and SBI have also reduced their home loan rates.

Reduce home loan rate is a great news for any buyer, as it refers to less interest that furthers points out to reducing burden from the buyer’s shoulder and in return the buyer will be more enthusiastic to buy new properties.

In line with the present rate cut, developers are also hoping high for a further rate cut by the end of the year.

However, looking at the current developments, real estate developers are launching new projects in Ranchi with a view to boosting the status of decreasing sales of residential projects in the capital.

In spite of the fact there are lots of inventory still under construction in Ranchi, Jharkhand region, the builders are still  looking at developing more new projects in Ranchi, Jharkhand region, especially  in the affordable housing segment  to attract a higher number of buyers. Builders are now mainly focussing on the mid segment class, who has the spending power and constitute the majority of the prospective buyers.

The upcoming affordable housing projects range between Rs 20 to Rs 50 lakhs, strategically situated and are equipped with all sorts modern amenities. The added amenities are one of the selling gimmicks of the developers to attract the buyers and increase the sales.

home buyers

Also with the reduced home loan rates by the banks, builders are hoping high with the new launches, as buyers now will not be hesitant in investing money in new projects in Ranchi.

In addition, the new job opportunities such as the rise of the e-commerce sector, returns from the stock markets has comparatively increased in the earnings and thus the spending power in major cities.

This rise in spending power of the buyers combined with lesser home loan rates is expected to further push up the home sales sentiments.

Also, the clearance of the real estate bill is another major step towards the improvement of the real estate market. With a proper regulatory body in place, the buyer can now invest in any property without getting worried about being cheated or harassed by the developer.

The bill has brought in a positive vibe among the home buyers as now they can feel protected against the wrong practices of the real estate sector. Henceforth, the buyer can now become hopeful about an organized property market that encourage transparent and smooth dealings.


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  • Property Building, Development and Promotion,
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We also provide legal & judicial consultancy support in relation to buying and selling of properties in Ranchi