2022 Top Benefits of Buying a House

The rapid growth in demand for digitisation gave an unexpected boom to tech workers. With increased demand, techies-mostly Millennials got out of turn promotions, higher salary offers and appraisals, which increased their disposable income and thus provided them with an opportunity to invest in real estate.
Ever since the widely-travelled Millennials have a first-hand experience of luxury they prefer to invest in luxury real estate projects that can help them lead an opulent lifestyle.

The unlocking of wealth in the startup ecosystem is another forceful factor that has pushed the demand for luxury real estate. Employees are diverting the monetised amount to purchase homes as it helps them make better utilization of the monetary funds with huge tax arbitrage.
The luxury housing segment will witness a surge in the top seven real estate markets and travel destinations. While home buyers would be more inclined to opt for high-rise apartments in tier I cities, they would prefer low rise apartments and independent villas in other cities, hence giving a complete boost to the luxury real estate market.

Another major factor is Investment: An underlying motivation

All of us are buying second homes with investment as an underlying motivation. Close to 31 per cent of HNIs believe it is an opportune moment to invest in the residential real estate segment as the sector is expected to resume price escalation by the second half of the year. Although prices have remained stagnant in the last 18 months, improving market sentiments amid growing demand will affect the pricing soon. Investing in luxury residential properties appears to be a prudent decision.

The price escalation phenomenon in the country is contrary to the developed nations where money has almost frozen. Thriving urban centers like the Delhi-NCR, Mumbai Suburbs and holiday destinations like Goa would be an investor’s paradise. These regions have given great returns to investors in the past. With the growing interest of consumers, they can again become revenue generators.

Other contributing factors

Many other contributing factors are augmenting the growth of the real estate segment in general and the luxury realty in particular. A report by a leading financial institution suggests that the unexpected rise in disposable income, very low-interest rates, cut down stamp duties and such other considerations have worked in the beneficial of the real estate segment. If you’ve been actively looking for ways to make a passive income and diversify your investments, 2022 may be an great time to consider buying an investment property.

Return on Investment is one amongst the Many other popular reasons one would think of investing in the stock market before investing in property, but investment property can have a
higher return.

In today’s world, the stock market has a level of volatility that is not as attractive for some investors. Real estate, however, is still going strong. It also has the benefit of being a tangible asset, unlike stock. If you are looking for a good return on investment, a well-chosen rental property could be a better option than growing your stock portfolio.

Rather than buying a first home, consider buying a first rental property. For as long as you choose, someone else can assist pay your mortgage, and you’ll potentially start building equity on your property. You may even be able to make money by charging more in rent than the monthly cost of your property. This extra cash flow can go towards debt, bills, rent or savings for the down payment of your next house.

Looking for the perfect family home, FIO Homes II

What factors make a house a perfect family home? Imagine how your family members will all live in the house, and how the property can adapt to your lifestyle and change your family dynamic for the better. These are all crucial factors to consider. But these aren’t the only factors to consider while deciding. When hunting for your first perfect family house, having a garden and plenty of space inside is often a dream requirement, but being near amenities like good schools, a local park and even a leisure center should be high on your priority list.


Research your area

Searching for your perfect family home can be overly overwhelming, but make it easier by taking the time to envision what your dream property might look like. How many bedrooms should the house have? Is a large garden priority for all? Decide if location the most important factor for you? Having answers to these important questions will help you have a crystal clear idea of what you’re looking for so that you can narrow your search criteria when you’re talking to estate agents. We recommend using one of the various online property websites as a tool to compare different types of homes and their location. Note how prices change location to location and consider how this might affect what you can afford.

Decide on a budget

Having a figure in mind means you can search for homes within a defined price range, giving you a stronger idea about what you can realistically afford and also the elements that you may need to compromise on.

It’s important to remember that you’ll need to set aside additional money apart from your deposit to cover the costs of solicitors, mortgage booking fees, arrangement fees, valuation fees and surveyor fees, as well as lender/broker fees if you decide to use them.

Choosing the right location

This is undoubtedly one of the most important aspects and it’s crucial to think about the needs and priorities of everyone both now and in the future. Transport links to work, to the nearest city or town center and to nearby motorways are also a major consideration, so do your homework about the distance from your potential new home to these areas.
For young, old and all the middle aged families, a garden is a wonderful feature, but it’s also important to be near a park so children can really run around and play. And if you’re close to walking trails, woodland and the countryside it’s even better so that time spent together in the fresh air can be a regular feature of your lifestyle – it’s especially important if you have a l dog in your family.

Easy parking

To avoid fighting with shopping bags and a baby carrier, a safe, secure parking spot such as a garage or a gated driveway would be perfect for added security.

Space to grow

Getting the space right in a family home is key, and for this it’s important to think about how you want to use the house. For you, is the kitchen the heart of your home? Would you like an open plan living space? Do bedrooms need to be of the same size?

Home Loan & Tax Benefits: You Need to Know

Unlike what we imagine, it is super easy and convenient to Apply for Home Loan online. In addition to the existing benefits of availing a home loan, there are 3 Main Benefits of becoming a homeowner in present times.

  1. Many options for homebuyers in the affordable home segment.
  2. GST rates on house purchase have been reduced significantly.
  3. Home loans have become very affordable today with very low interest rates.

Now’s a very good time to become a homeowner; take the first step today.

‘Home’ brings to mind comfort, relaxation, pride and family time. Every owner of house you meet will tell you that her home gives her a sense of identity and its ownership is sacrosanct; this is one big asset one would never trade for anything in the world.

To experience this sense of fulfilment, ownership, pride and joy, now would be a good time to lan your home purchase. Becoming a homeowner needn’t be hard on your pocket. You can Apply for Home Loan and bring alive your dream of owning a home. There are numerous benefits of availing a home loan; you get various tax benefits on interest paid and loan amount repaid; with a Home Loan Apply to achieve homeownership today instead of in future; the home loan provider helps you in terms of assessing the builder’s credibility and track record and the legal documents pertaining to the building.

In addition to all of these plus points, there are 3 key benefits of becoming a homeowner in present imes:

Low property prices: Now homebuyers have various options in the affordable home segment. This has a two-pronged benefit for a home buyer – on one end, they can afford a larger home or purchase a home for a lower amount than they had budgeted. On the other hand, they can enjoy other benefits of buying a home with a home loan such as tax benefits, paying a small amount as down payment and using a home loan to pay the rest, longer loan repayment tenure of up to 30 years etc.

Decreased GST rates on home purchase: GST (Goods and Services Tax) rates on home purchase have been reduced significantly. Currently, the GST rate levied on purchase of residential homes is 5 percent (1 percent for affordable homes) without the benefit of input tax credit (ITC). Buying a home today will give you the benefit of these low rates.

Interest rates dipped: Home loans have become very affordable today with interest rates moving downward in the recent past. Less interest rates result in lower EMI amounts which makes home loans more attractive and affordable.

The main benefit of a home loan is that you can become a homeowner today and you needn’t wait to accumulate sufficient capital to make your home purchase. Also, your home loan repayment tenure can extend up to 30 years depending on your loan eligibility and other norms of the home loan provider (the longer your loan tenure, lower is the EMI amount). This gives you the relaxed feeling of repayment over a long period without putting pressure on your finances.

Although you may be convinced about the need to consider becoming a homeowner today, you may wonder how to go about availing a home loan, which is one of the first steps to your home purchase. One of the simplest ways to avail a Home Loan, Apply Online. If you Apply for Home Loan Online, you can make your application with a few simple steps. For example, HDFC’s online application for a home loan is quick and easy.

Majorly it requires you to do is visit www.hdfc.com, check your loan eligibility, fill in the property details (if you have made your selection), fill the loan application form with your personal details (name, age, income details, etc.), upload your documents (identity proof, address proof, income tax returns, etc.) and
submit. After receiving your loan application, HDFC instantly initiates the processing of your loan and reverts with the loan approval and other terms.

In short, now’s a good time to make the big decision of becoming a homeowner; take the first step today.

Why Real Estate a Good Investment in 2022?

The world has realized that the pandemic is going to change our lifestyle all together. The disruptions and negative effects of unwanted but unavoidable lockdowns are slowly subsiding.

With the markets reopening, the economy is also regaining its lost steam. The real estate sector, in particular, has benefitted from the effects of the Covid-19, and the trend will continue in 2022. While all the real estate segments have received an uptrack, reports suggest that the luxury segment would receive a phenomenal push in 2022.

Last year, the real estate market started on a glamorous note, but the emergence of the second wave robbed it of momentum. The real estate market was momentarily impacted while the country was dealing with a significantly more severe spread of Covid-19 cases. But, the sector bounced back almost immediately with a revived surge in demand. The sales velocity continued through the year and has helped the segment reduce its burden of unsold inventory.

Early this year, the new virus, Omicron threat emerged as a threat to the economy, and experts believed it would significantly impact the country and cast its shadow on the real estate sector.

However, it is rare to keep its growth acceleration constant. The reduction in cases and the learnings from the past waves had prepared the segment, and it has applied them to retain the buyer’s trust.

The premium real estate segment witnessed an uptick last year, and it is expected that the trend will continue in 2022.

Facts are as follows:

Lifestyle Upgrade: A major factor

Upgrading lifestyle amid the pandemic is a major factor that has propelled us all to opt for homes with better amenities. Luxury homes are closer to nature and provide a resort-like feel to the residents. Close to 46 per cent of respondents feel luxury homes are a necessity in the prevailing circumstances. The health advantages of living in spacious and green surroundings are prominent factors attracting buyers to luxury homes.

Widely traveled people and Millennials who have experienced luxury closely wish to live in houses that provide them uber-rich ambience. They are willing to give money on spending for premium luxury real estate for it promises an upgraded lifestyle in the city of their choice.