Guwahati is emerging as a preferred choice of abode for many people. As a result many real estate projects have come up in the last few years. At this time of economic slowdown, investing in real estate is best rather than investing in stock market. The Reserve Bank of India (RBI) has now made some changes in its monetary policy. RBI has slashed Repo Rates by 0.75 basis points. This decision by the Central bank on flexible home loans interest rate has given a real opportunity for home buyers. This has lowered the home loans interest rate for private and public sector banks between 7.20% and 8.05%.

Home loans at considerably low interest rates will allow savings which could be used for further investment purposes. Also the savings from reduced EMI will allow the borrowers to opt for another loan with a lesser interest rate. The borrowers can utilize these savings to purchase a higher loan amount and widen his/her choice in terms of the property. The current home-loan situation also allows the borrower to go for a fixed rate rather than a floating one. Banks will charge premium for home loans with a fixed rate. This allows the borrower to fix the interest rate at a lower level.

Let us briefly touch the 5 important reasons why you should consider a real estate now-

Slash in Repo Rate by 4%- Repo Rate is down by 4%. Home loans have become relatively cheaper thus providing an excellent opportunity to invest in home loans.

Reduction in interest rates for home loans– Major banks will reduce the interest rates in home loans; therefore, it is the best time for homebuyers to avail a home loan. Even in some areas your mortgage payment could be lower than your rent.

Increase in savings– Availing a home loan at a fixed interest rate will help save a few lakhs on interest payments. Secondly, new homeowners will get the highest benefits in terms of tax payment. You can deduct the interest you pay on mortgage from your taxable income.

Lesser EMI on home loans– It is a good time to buy an under construction flat. A lower EMI on home loans will make it easier to pay your rent as well.

Subsidy for women homebuyers– This is the best time for women homebuyers to buy an under construction flat with a 0.5% subsidy on home loans.

Owning a house of your own will give you a sense of security and stability. Buying a home is one of the best investments a person can make. To help you with your housing needs, Protech Group is committed to offer the best residential and commercial real estate solutions. For further information, visit our website www.protechgroup.in and fill in the contact us form. Our expert advisor will get in touch with you.  

Being a pioneer in real estate promotion and development in North-east India with over 14 years of experience, we have several completed and ongoing 2BHK, 3BHK and 4BHK residential projects in Guwahati to our credit. We provide our customers with the best in class amenities and facilities in all our projects.

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