We know it has been many years that you are dreaming about your own home, however, getting the right land at your budget and gathering money to build the structure is not an easy thing to do. There are many people like you who are going through the same issue, looking for a place to build their home, which will be near to their workplace and well connected to hospitals, schools and transport stations. The affordable housing plan is a game-changer in the modern real estate sector that can help you with building your own home. Here are some essential factors related to housing that you should know—
Get your home loan at the minimum interest: When people think of building their home, money is the first and foremost thing that makes them worried, by following a housing loan process, you can easily solve the tension. The government’s “Affordable Housing Fund” will give you the required money to make your home at the cheapest interest rate. You can seek help to the External Commercial Borrowings, National Housing Banks etc. for a home loan.
In the present time, the interest for a home loan is reduced to 10%-8.3% and it can be expected that in the coming years, it will be lowest. Therefore, getting the money is not a headache these days, all you need to do is applying for a home loan.
It will be a safe investment: Are you worried about thinking that it will be a wrong investment? No, certainly not. With the launch of REITs and RERA, building home is a wise investment for your lifetime. These two policies will make you confident about investing in your home. If anything happens with your investment, you will be protected by the laws with cent percent of investment in all of your real estate investments.
Besides, the introduction of GST is increasing the clarity in taxes and giving the best time to invest in real estate in India.
Build your home in an ever-growing city: With the safety of REITA and RERA, you can build your dream home in any city of India. And there are many growing cities in our country, Kolkata is one of them. If you are planning to choose this city to start your dream home project, you are making the wisest decision.
Housing loans with the cheapest interest is making home building easy for all. You can enjoy the benefits of a housing loan by paying less interest. Wishing you all the best in your home building journey!
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