2017 was not at all a great year for the real estate market in Delhi, and the National Capital Region (NCR). Yes, the year saw the effects of demonetization hampering the growth and sales of the properties.
Real Estate Market in Delhi is Set for a Positive Change in 2018
The real estate market recovered later and was impacted once again after the hurried implementation of the Goods and Services Tax (GST).
Talking about the real estate market in Delhi and the NCR, it would be unfair not to mention about the changes in the Benami Transactions Prohibition Act. Overall, the effects of demonetization, GST, and the Benami Transactions Prohibition Act had resulted in the loss for the real estate market in Delhi and NCR.
However, the scenario is set to change in 2018 as it is set to bring cheers to the beleaguered market as primary pickets of the region are rising to perform better.
The demands for the properties have gone up in key areas seeing resurgences such as Cyber City, Golf Course Road and more. Further, the Gold Course Road Extension Road is poising itself as the prime future development destination and luring builders.
The urban infrastructure is also set to get a boost as the work on the NH8 widening is on the swing. The plan to decongest IFFCO Chowk, Signature Tower Chowk, Hero Honda Chowk, and Rajeev Chowk is also further expected to upscale the situation.
Overall, 2018 is on its way to becoming an awesome year for the commercial real estate market in Delhi and NCR.
Availing a Home Loan in Delhi will Help You Buy your Dream Home!
Now that the recent real estate market trends in Delhi showcasing a positive change, a home purchase decision with the help of a Home Loan in Delhi won’t be a bad move!
Yes, if you were to purchase your own dream home, but could not do due to the rough situation in the real estate market and money issues, can do with a Home Loan in Delhi.
Yes, a Home Loan can help you grab an amount as higher as up to Rs.10 crore at a lower Home Loan interest rate.
Home Loan in Delhi Features that can Make It Work in your Favour
Other than offering you a higher loan amount at a lower rate, you can also enjoy some great features which will make it a deal worthwhile. Have a look!
- Flexi Home Loan Facility
You can avail a figure out of your Home Loan as per your needs and pay only the interest as EMI and adjust rest of the loan amount after the end of the loan tenor.
- Home Loan Balance Transfer
You can transfer your Home Loan account from a lender to whom you are paying a higher interest rate to a lender offering the lowest Home Loan rates if you have an active Home Loan. You will need to pay some processing and other charges to your existing lender for availing this facility.
- Top Up Loan
Existing housing loan borrowers can also apply for a top-up loan up to a higher amount of Rs.50 lakh at a lower interest rate and a longer tenor.
- Bank-on-the go
You can track your Home Loan in Delhi account via the digital customer portals of your lender and access your entire loan information.
The Bottom Line
With real estate market picking up the pace in Delhi and with a Home Loan in Delhi offering you so many benefits, it is a favorable period to purchase a Home Loan.
If you are all set, you can apply for a Home Loan in Delhi online and get going!