What To Consider When Buying A House in 2020
Indian real estate witnessed stable growth in 2019 but with the advent of the new year 2020 and the Budget, hopes are high for it to gain rapid momentum to sustain and grow at a good rate. Knight Frank expects the GDP to reach 6-6.5% this year, which is a very positive indicator. The RBI had dazzled consumers in 2019 by reducing its lending rate by 135 basis points, but the rate transmission by banks was shockingly slow. Considering banks are obliged to play a part in reviving the Indian economy through demand support, they will hopefully bridge this gap in 2020 and buyers will get access to cheaper credit. Home seekers planning to buy their dream home can take that important step this year as one will be spoilt for choices with unlimited housing options. First and foremost, answer the What, When, Why and How before buying a house. Is it for investment purposes, renting or personal use? Do you want a standalone house, apartment or a villa in a gated community? Since it’s a hug