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Buying A Home During Covid19? Go Ahead!

By Runwal Group Posted On May 19, 2020
Category Residential properties

Buy a home during Covid19

Every cloud has a silver lining.

This age-old proverb has proven to be true in the gloomiest of times and the current Covid-19 crisis is no exception.

On one hand, the pandemic has dealt a blow to the economies worldwide, but on the other hand, it has opened up new opportunities of making a promising investment. And buying property is one of them!

In the aftermath of the Covid-19 crisis, people have begun to realise the importance of having a real estate investment in their portfolio, owing to the guaranteed returns and low risks it offers. While many would think that investing in property now is a risk, only wise investors know that now is the best time to buy a property.

The Reserve Bank of India (RBI) recently reduced the repo rates by 0.75 basis points. As a virtue of this steep cut, interest rates on home loans by public and private banks are at their lowest in two decades! If you apply for a home loan now, you would be able to avail an interest rate between just 7.20% and 8.05%. This decision by the RBI has presented investors with an opportunity that shouldn’t be missed. It makes for a wise decision to invest less now and reap a higher ROI later.

However, the benefits of low-interest rates are not restricted to investors only. Even homebuyers can make the most of it. Homebuyers can utilise the savings resulting from reduced EMIs for furnishing their new home better than before. Or, they can also think of applying for a higher loan amount and upgrading to a bigger home with better amenities or home at a prime locality!

The opportunity is right here knocking on your door, making it easier for you to get keys to your new home. And as with opportunities, it won’t be here for long. So, get down to planning your finances, finalising a property, and booking your new home, as soon as possible.

And if Kanjurmarg is a preferred location for you, do check out Runwal Bliss. It is a luxury residential project that offers 3 BHK flats in Kanjurmarg East with a variety of premium offerings. To ensure safety during the current crisis, we have made arrangements so that you can conduct a site visit virtually and even buy property online!

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Disclaimer

The plans, specifications, images and other details herein are only indicative and subject to approval of the concerned authorities. The Group / Owner reserves the right to change any or all of these in the interest of the development, without prior notice or obligation. Artist’s impressions are used to illustrate amenities, specifications, images and other details and these may be applicable to select apartments only. Tolerance of +/- 3% is possible in the unit areas on account of design and construction variances. All brands stated are subject to final decision of the project architect. This printed material does not constitute an offer and/or contract of any type between the Group / Owner and the recipient. No booking or allotment shall be deemed to have been made on the basis of this printed material. Any Purchaser / Lessee of this development shall be governed by the terms and conditions of the agreement for sale / lease entered into between the parties, and no details mentioned in this printed material shall in any way govern such transactions unless as may be otherwise expressly provided in the agreement for sale/lease by the Group / Owner. The Group / Owner does not warrant or assume any liability or responsibility for the accuracy or completeness of any information contained herein.