{Anuj Goel Pune} Why It Is the Accurate Time to Buy Affordable House in Pune

by GoelGanga Developments Real estate

Today, India's real estate market has been going through big ups and downs. As we have already entered the last month of the year 2019. Everyone is looking forward to the coming year and the prospects it might bring for the property industry and developers. The recent housing activities have slowed down with the effect of liquidity crisis and high prices which is unquestionably affecting the builders and buyers equally. Annuj Goel Pune says that there is always a hope of improvement in this industry. The slew measures introduced from the government of India can bring a sense of relief to buyers, landowners and the entire realty sector.

The uplifted position of NBFC

It is expected that the reforms brought by the union budget 2019, by Finance Minister Nirmala Sitharaman and the offered support by the government will be covering first losses up to 10%. The National housing bank already announced Rs 10,000 crore liquidity doses for housing the finance corporations that are fighting for a long time. It is supposed to speed up the home possessions, timely completion of projects, etc. In August, RBI announced a rate slash in home loans. Anuj Goel Ganga firmly believes that it is a good indication for the buyers. With reduced repo rates that now stands at 5.40%, the lowest in the last five years. This is considered as a huge move for future buyers. And it is expected by the realty specialists and developers that it will help them in freeing the reserve inventories in cities like Pune, Nashik, Hyderabad, Bangalore, etc.

Dropping of prices and revised affordability

Anuj Goel Pune assumes that houses in Indian cities are far more affordable in today's time in comparison to ten years back. It is the perfect time for the buyers to take the plunge and settle for their dream homes. This unexpected affordability is attracting new buyers to invest in the reduced prices in the track of raising the percentage of the unsold list. Goel Ganga Developments has initiated firmly in this field by correcting the prices. It is a stressful time for the developers, but it is considered that by the next quarter things will start changing.

The reduced mortgage lending rates and recently launched incentives for home buyers such as tax relaxations, subsidies, etc. from the government will transform the entire scenario. These situations are giving new hope and scope for the middle-income families looking for affordable homes in decent societies of Pune like Undri, Dhanori, Wakad, Aundh, Tathawade, etc.