IS THERE A BEST TIME TO BUY A HOME IN LUCKNOW

When one decides on buying a home, there are a number of things that can occur to the mind. How to pick the best amongst numerous apartment options in Lucknow, whether to go for a 2BHK or a 3BHK, what all new launch projects are there in the city, which housing projects are approved by LDA or other development authorities and what not. Amongst all these major concerns, an additional thought of,“Is this the best time to buy a home?” can change a lot.

Well, different people would have different opinions when it comes to investing in a property. Some would be of the opinion that timings play a great role when you are thinking of such an investment while others would say that it is the kind of opportunity that one seldom gets and letting go of it because of your instincts of right time would be an unintelligent choice to make.

Getting an apartment, whether it is a 2BHK or a 3 BHK apartments in Lucknow, especially in a new launch project is a big expenditure in itself. Off late, the real estate sector had already seen a stagnant phase due to the COVID-19 crisis. But with 2021, lives are undoubtedly getting back to normal and so are investments in real estates. So, now when our doors are knocked by such good news of development authorities like LDA putting up flats open for sale in the growing city of Lucknow, we obviously can't resist grabbing that opportunity. In order to ensure that you make the right choices without a speck of doubt, here are some of the few important reasons why it actually is the best time to go full swing for such investments.

Skilled & Quality Developers

The latest technologies and upgraded training has led to the growth of some very efficient development and real estate companies that have shown significant progress in the past few years. With many completed projects and many big ongoing residential projects in plate that are approved by authorities like LDA, Awadh Vikas and LIDA, the real estate sector in Lucknow has been in full swing in the past few years. With more transparency, genuine paperwork, RERA registration and authenticity, owning a property has become all the more easier.

Unstoppably Growing City!

Lucknow is one of the fastest growing cities when it comes to the real estate sector. There have been numerous housing projects in Lucknow that have been completed in the past few years and every month more projects are coming underway. With the city expanding and spreading its wings, new residential projects in the newly developed areas are not only contemporary and more technical in their construction, but can also provide easy access to all amenities within a call's reach..

Already Best Prices

When it comes to property buying, one always invests and waits rather than waiting to invest. While deciding on investing in an Apartment in Lucknow or anywhere for that matter, one needs to remind themselves that real estate prices are already at their best appreciating prices. Do your research well and you'll discover how true this statement is. The market is growing and of course without any depreciation. Even for someone who is not planning to shift to a new residence sooner, it can be recommended to buy a property at an early stage since not only will the property not wait for you forever, but also it becomes your asset instead of expenditure anyway. So, if you're someone who likes to make a profitable deal and wants to go for the best prices, now is your time to do that without giving it a second thought.

Easy Financing Options

After the latest 2021 budget has been sanctioned, it has become evident that property prices are going to remain almost stable with the interest rates hovering quite low. The previous year’s crisis has been a boon to consumers as property prices have not seen much rise. Over and above, the kind of deals that the developers are presenting and coming up with are something we have never seen in the past years. Moreover, with so many easy housing loans, home equity loans, relaxed FDI norms and what not have made it all the more easier and risk free to invest in real estates and new launch projects in growing cities like Lucknow.

Authorised banks like Bank of Baroda, Punjab National Bank, HDFC Bank etc. all offer easy Housing Loans for ongoing projects with interest rates ranging only around 6.7% to 7.5%. Many banks also offer custom-made home loan schemes for salaried and self-employed applicants. A few might also provide an option to avail the home loan as a term loan or as an overdraft facility. Such schemes can finance upto 90% of the value of the property.

Owning is Stability

Having a residence or property of your own is till date a big deal. And why should it not be? It not only shows but actually makes an individual independent. It's the next step on your ladder to success where you have stable finances and break free of monthly rentals and unworthy expenditures which actually might sum out to be more than your property investment in the long run. And what's better than investing in a city with a bright future and homely lifestyle, all at once. With so many housing projects popping up, going for an investment in an apartment in Lucknow should be an easy decision to settle with.

Buying a house for oneself is a very personal decision and can depend on various factors. Deciding on huge investments might seem like herculean tasks, but they're undoubtedly your biggest assets in the long run. Whether you're looking for a 2BHK Flat or a 3BHK apartment, you need to remind yourself that it is for you, your family and your loved ones and only they will make it home and make the best out of it. But it's always better to go for the best choices for your dear ones rather than skipping out on opportunities that one might feel wishful for later.