Raghuram Rajan's announcement surprises the home buyers

On 29th Sept 2015, Raghuram Rajan announced that Reserve Bank Of India has lowered its benchmark interest rate by an unexpected value of 50bps to a four-year low, thereby easing out the borrowing costs for the ones dreaming about owning a property through home loans from the leading lenders like State Bank of India, Andhra Bank, Bank of India, Axis bank, etc.

Considering a potential market of properties like Pune, buying a home in the city is s mammoth task due to the approaching saturation. Also, the ongoing and upcoming projects by the builders and developers in the city fall in the category of luxurious and premium categories owing to the much hyped lifestyle and standard of living in the city. Hence, for people who are looking forward to search for affordable properties such as properties in Hinjewadi, which would help them save a few hours of travelling each day by having a home near to their workplace, such options were limited.

The reduced rate of interest on home loans will help the potential buyers to aspire to buy a better property in the same existing budget that they are looking forward to go ahead with. Some of the builders like Kunal Group, Pride Purple, etc. have explored the pristine locations of Baner and have established many flats in Baner that belong to the affordable range of properties enabling people to choose from the numerous projects. Is it the right time to search for a property?

Yes! I feel it the opportunity you cannot afford to miss if you are really planning to buy a property. The property rates are not that high and the reduced home loan interest rates are like an icing on the cake. Also, the many ongoing residential properties by the top players of the city are quite remarkable to choose the best from.

So, if you plan to buy a property in the city anytime soon, then this would be the right time to zero down on one! You can also enhance your search using online property portals like Propdrive to gather vital information about the various projects of the reputed builders and developers in the city. The projects listed there are of various configurations like 1,2,3 bhk, thereby simplifying your search with its smart search features.Searching for properties in locations like Baner, Hinjewadi, Wakad, Punawale, NIBM, Undri and many more in Pune is made a lot easier through online property portals like these.

Source : articlesbase.com