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 Home is where the heart is!

At a certain stage of life, everyone in today’s world considers to build a home of his own. Gone are the days when the next generation used to consider the ancestral home as their own. With greater industrialization, better education facilities and the accessibility to the easier financial options Indians are extremely ambitious to thatch a roof on their own. The youth- men and women alike are equally competitive in this race to invest in real estate. A plot, a flat or an independent one, the first home is very dear to one’s heart! And as they say there is no particular ideal time to buy your first home.


Union Budget 2017 has been quite instrumental to drive the Indian Economy to boom the Real Estate Sector. After all nation’s economic policy is the factor to consider while taking such a crucial decision.We enlist some important points which lay thrust for booming housing demand  and which makes this year quite favourable to plan for your First Home.


  1. Infrastructure status given to the “Affordable housing”.
  2. Affordable housing now roofs a 30% larger area than before.
  3. The Long term CG relaxed to 2 years only.
  4. Builders would get the access to easy funding options for affordable housing.
  5. Interest subsidy for the First time Home Buyers.


There are also very many policy level long lasting changes in the Real Estate sector, from several years.The transparency brought in due to RERA 2016 and The Benami Transaction Act makes this even more sustainable and accountable. The lowering of interest rates by some banks in India also points to the “ Right time to buy First home”


Indeed 2017, is a year to lay the first brick for your first home, as national level policies and regulations are favourable ones for the buyers, even after demonetization.


Here we bring to you few factors to consider before you get into the actual process on an individual basis:-


  • Finances :- Once you start earning your own bread, it is imperative to plan your finances prudentially. You need to ascertain the amount of money you can shell on a monthly basis as EMI for the loan, given all your liabilities and assets. If you can easily afford the same, it is the right time indeed to go for the first home.


  • Future & age group: – You need to understand if building a house is your first priority. Because generally a loan has a period of 20 years. So, a visualization of your long and short terms loans could also help in taking the first step towards your dream home. Generally, people plan to buy their first home in the age group of 23-45 years

These are some important points to consider before laying the brick of your first wall. But there is no ideal age or time to build a home. The day when your heart is set to build your own hearth is the right time to start the process.

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