Is 2021 A Good Time To Buy A House?

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Post the second wave in India, the Covid 19 cases have started to see a decline, and the Covid 19 curve has flattened significantly. People in our country continue to stay strong in such hard times, both physically and mentally. The only option for all at the moment is to stay optimistic. The normal days are going to bounce back soon. However, some changes in our lifestyle that the pandemic has created, like managing office work from home, is likely to stay longer. Such changes directly affect the home buying pattern of buyers across the country. Instead of 2 BHK homes, homebuyers have already started to buy 3 BHK homes, and that one additional room is for setting up a home office.​

Find out what real estate experts are saying about property buying at the moment:

1. Affordable properties

2. A cut in interest rates

3. Tax benefits for first-time homebuyers

1. Sahu City

Should you go for a property under construction?

• If you are in no hurry to shift to your new home, you can consider an under-construction property to buy.

• As a buyer, you will have more time in hand for payment, registration charges, stamp duty, and other aspects of a property.

• The cost of a property hugely depends on how well-located it is. Other than that, an under-construction comparatively has cheaper entry costs.

Should you go for a property ready to move in?

• Lockdown has affected the construction of projects to a certain extent due to the shortage of labourers and government restrictions. So, if you fear delay in the construction of projects, a ready-to-move-in project is the best option.   

• Since there are no stages of construction in a ready-to-move-in property, you need not wait to own it.

• If you are living on rent, a ready-to-move-in home will immediately free you from the burden of paying rent.