Let us Start This Article with an Example. Vivek Teja is Planning to Buy a House For the Past Few Years and Finally Bought His New House in a Luxury Apartment Community in the Outskirts of Hyderabad. He is a Software Engineer with a Bengaluru-Based IT Firm and Recently Received a Confirmation Mail From the HR Team Saying That the Work from Home will be Continued up to January 2022 and Maybe Extendable Based on the Crisis of the Covid-19 Pandemic. So Vivek Teja Has Decided to Buy their Own House in the Outskirts of Hyderabad to Balance Work-Life with Peaceful Family Living. In the Telangana Region, the Stamp Duty will be Increased by Year-End. This Breaking News also Helped as a Reminder for Vivek to Make a Quick Decision to Avoid Unnecessary Charges While Buying a Property. The Covid-19 Pandemic Effect is Not Get Neutralized Yet and the Third Wave has also Got its Entry into India. Due to this, Real Estate Developers are Becoming More Cautious About Sales and Giving Attractive Discounts to Lure Investors. He has also Watched his Colleagues are also Keen to Invest on Own House that Lets Him Take a Strong Move Ahead Without a Delay. Let's Briefly Understand What Factors Lured Varun to Rush into a Property Deal.
Discounts From Developers:
It is a Well-Known Fact that Discounts are a Successful Strategy to Attract Prospective Buyers and Increase Sales. Real Estate is also Not an Exclusion from this. Many Real Estate Developers are Offering Discounts and Pre-Launch Offers, Especially for their Off-Plan Projects. So, If you are Not in a Hurry to Get into Your Dream Home and Wait for a Period of Two to Three Years, Then Developers may Shower you With Impressive Deals and Discounts. But, Keep in Mind that Never be Fooled by Unbelievable Offers Aired by Unknown Developers. To Avoid the Risk, Varun Only Opted for the Ready-to-Move Flat. But, Investing in Off-Plan Properties is Never be a Risk If you Have Proper Planning. We’ll Discuss More on Off-Plan Properties in Our Upcoming Article that Will help you to Plan Your Off-Plan Property Investment.
Own House Means Stability:
Having a Home to Avoid Uncertainty in the Future is Another Factor that Attracts Buyers the Most. Varun has Actually had Plans to Invest in Farmlands in his Hometown. The Pandemic has Changed his Thoughts and He Finds the Necessity of Having his Own House in a City Where he Works to Avoid the Rent Barriers. We Really Appreciate his Decision here and we Recommend this to Others too.
Price Drops:
Now a Times, Buyers have a Perception that the Prices Slashed Down Due to the Covid-19 Pandemic. But this is Not the Case in the Reality of Reality. There is no Visibility of Price Drops in the Primary Sales Segment. The Fact here is Some Developers Who are in Exceptional Financial Difficulties are Offering Significant Discounts. These Discounts and Offers will Benefit you with a Minimum of 10% of Savings on Property Value.
Conclusion:
The Above Factors are Capable of Making Your Final Decision on Property Deals. But Rushing to Buy a Home Based on Great Discount Deals is Never be a Good Idea. Before Dwelling on any Property Deal, You Should Need to Assess Your Affordability Capacity. Consider this as a Primary Recommendation from us. We Will Back With Another Article that Will Guide You to Get the Best Deals of Property Investments. We'll be Back Soon.
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