Knight Frank’s director gives valuable suggestions to the prospective home buyers
Every year, real estate schemes and offers start appearing during the festive season as Indians consider it auspicious to invest in properties during the festive season. This season starts from October and goes on till about March.
Usually, the last two quarters can account for as much as 70 % of the total disbursement in the whole year. This year, too, developers have plans ready for the festive season. Mudassir Zaidi the national director of the residential agency Knight Frank (India) stated that the sentiments have improved. His team hopes that it is very likely that homebuyers will come into the market in the next six months.
Zaidi also mentioned that with the central government making some homebuyer-friendly announcements, developers are hopeful that the sales turnover for their companies will increase. The fence sitters will make a buying decision as he feels that the speculation period is over. He invited the prospective home buyers to make up their mind and invest soon as the market is picking up.
He gave some valuable advice to the prospective home buyers. The first thing that one needs to be sure of is one’s budget. Buyers should never overshoot it. The buyer needs to be clear about the sources from where s/he will raise the mandatory 20 % of the cost for the down payment. Also if one plans to withdraw from various investments such as mutual funds, insurance plans, Public Provident Fund, and others, then their bank details and communication address should be updated.
Source- Hindustan Times
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