Largely viewed in the collective consciousness as the most affordable market of Delhi-NCR, probably the authorities did no justice to this market by positioning it as yet another micro market to supplement Noida and Greater Noida. More than the controversies and the litigations, the positioning of the market has been a challenge.
The budget factor can only lead to identifying one’s requirements and priorities with regards to location, number of bedrooms and amenities that one aspires to have. If the borrower has done his affordability calculation and knows his repayment and other expenses, then only one is technically and financially ready to borrow with full knowledge of his capacity to repay a loan, in addition to any savings one may be using as a down payment. These simple check marks will go a long way in deciding the future home and whether or not you are over leveraging yourself.
Contrary to the general perception that only the Richie Rich can buy a house in Mumbai, the fact of the matter is that there is something for every budget segment. If not the fancy luxe living in posh areas, a roof over the head is always there with the rider of more money adding to more amenities and lesser travelling distances.
Interview Point: PNC Menon, Chairman-Emeritus of Sobha Ltd feels India…
Bottom Line: The Indian property market has always been quite…
Bottom Line: After no reduction in repo rate, the homebuyers…
Bottom Line: Contrary to the hype of affordable housing around…
News Point: Can rate cut lead to revival of India’s…
News Point: The year 2016 would be referred as the…
Bottom Line: Coimbatore is fast showing the growth trends of…