Good news new flats in Mumbai

If you are first time home buyer, then 2017 will definitely bring some good news. But if the ongoing real estate climate is making you little worried. Then please ward off all your worries. So, if you postponing your idea of buying flats in Mumbai in wake of demonetization chances at high that you would regret in future.

The experts believe that the demonetization step along with the Real estate regulation and Development Act, 2016, will increase the standard of the real estate sector and probably take it to the international levels. This positive real estate development would the inflow of funds from the institutional investors, banks and higher unit sales. Therefore, do not let your anxiety to create an obstacle in the way of making the most important decision of life.

Some of the highlights of real estate in Mumbai in 2016 are as follows-

•Mumbai and the MMR are soon to witness the major reduction in the prices of the residential or the additional credits. However, the buyers should not stop their efforts to search their dream abode. The experts feel that now the home buyers are expected to get better customer service and if you are first time buyer then you will surely treated like a king.

•The Union Budget, 2016 has bought have a delight for the first time buyers and the real estate buyers. The union budget introduced an additional interest reduction of Rs.50, 000 per year for loans up to Rs. 35 lakhs with a condition that the value of the home does not exceeds the value of Rs.50 lakhs. The RBI’s policy of keeping the repo rate unchanged and amendments made by RERA, will surely make the overall environment for the property in Mumbai good.

•The builders today are upcoming with several schemes and lucrative incentive to allure the first time buyers. Post demonitisation developers are trying to clear off all the doubts in the mind of the customers. They are offering flexible payment plans, price protection guarantee and several other schemes.

Buying a home can be nerve –racking task and since the real estate market is cyclical in nature and this the perfect time for the home buyers to invest. If you decide buying home currently, then you can be fortunate to get a good deal as the flats in Mumbai are priced at all time low now.