There is no feeling better than having four walls and a roof over your head. While this sentiment has prevailed among people, it has increased with the pandemic, reaching its peak in the current times. Many people who had pushed their plans of buying their dream home later rethought their decision and are looking to buy their dream home. The demand for dedicated spaces in the house, such as the home office and online classes, has pushed people to do so.
It isn’t just about buying a dream home; after spending a lot more time than usual at-home lifestyles have changed and boosted the demand for luxury homes in the market. People across the country have started looking at investing in real estate in a whole different way. However, many homebuyers are unsure if now is the right time to buy their luxury dream home.
Here are 5 reasons why this is the right time to buy your dream home.
Housing Loan Affordability: The Reserve Bank of India has kept the interest rate unchanged for the eighth time in a row. The repo rate remains at 4 percent and the reverse repo rate at 3.5 per cent, making it easier on the pockets of homebuyers. These current interest rates make it perfect for those looking to buy luxury apartments in Bangalore or other Indian cities. This will help you save a lot of money on your monthly interest payments and invest in another place, allowing you to diversify your investments.
Stamp Duty Correction: A stamp duty charge must be paid when registering ownership for your property. The stamp duty validates the registration of your property in your name. Many factors decide the stamp duty fee, and it differs from one state to another. However, various states have reduced their stamp duty fee to boost the real estate market and buyer sentiment. This has increased the sales of residential properties in different Indian cities.
Tax Saving Benefits: There are various tax benefits for those taking a home loan. If you are a first-time homebuyer, you get a tax benefit of up to Rs. 1.5 lakh under section 80C. Although, there are certain terms & conditions to claim this tax benefit. The other tax benefits come under sections 24 and 80 EEA. However, to claim tax benefits under these sections, you must agree to some of the clauses mentioned.
Attractive Offers: The festive season calls for excellent offers! Top builders and developers across the country launch jaw-dropping offers to attract interested homebuyers. These additional offers allow you to reduce the cost of buying your luxury home even more. Top developers like Advaitha Aksha are offering ready-to-move luxury flats near Koramangala at amazing prices.
Work from home Continues: The start of the pandemic forced offices to allow their employees to work remotely. Even though things are better than last year, many offices resume working from the office. Many offices are still working from home. This remote working situation demands a good working environment and a dedicated home office. Investing in a luxury property now will allow you to have your dedicated space for various tasks, be it working from home or relaxing after a long day.
Buying a luxury dream home is a milestone for many, and there is no better time to invest in it than now. If you want to buy a 4 BHK luxury apartment for sale in Koramangala, Advaitha Aksha is for you. These ready-to-move luxury flats near Koramangala come with a wide range of amenities and facilities such as smart home features, luxury finishes and advanced sustainability features. This is an IGBC gold pre-certified project designed for a comfortable life. Hurry! Schedule a site visit and book your luxury 4 BHK today!