Buying a home is a big investment and the increasing cost is definitely a problem for many people. With the real estate market being on a rise, it was difficult for the people to afford the homes and this confined them to stay in rented houses only. But with RERA and demonetization being introduced by the government, the market has definitely gone down by leaps and bounds.
The earlier majority of the projects in big cities were under the pressure of black money as developers took hard cash for the payment. But with the big currencies being banned, this practice will not only come to an end but it will be a lot of relief for the buyers as well. It is because of the simple reason that the prices of the homes in cities like Mumbai have gone down thus attracting a lot of buyers for whom purchasing their home was just a dream. But demonetization has changed everything with the ball being in the hands of the buyers. People can now book their 1 BHK Apartments and 2 BHK apartments etc at a very low price.
Another advantage of the buyers is that the rate of interest has also gone down so the people will not have to pay the high EMI’s which was another trouble for them. But thanks to the government and their new demonetization policy which has put an end to all such issues. It has become easier to purchase homes irrespective of the location as prices are now within your reach. So it is a good opportunity for the home buyers who were earlier planning to buy a home but could not due to the high prices.
Not only demonetization but even the RERA which was introduced some time back has also influenced the market. The builders now have to complete the project on time and make sure the buyers get what they want. Special emphasis has been given to the interest of the buyers as many scams took place due to which people lost their faith. But there is an improvement after RERA and demonetization have taken things to the next level.
What more can you ask for? The government is definitely taking measures to curb the black money. This is just a start and things will become smooth with time. You can make use of this opportunity as the prices are currently low thus suiting to your budget. So book your home today and turn your dream into reality.