Government of India has announced lots of benefits for first time home buyers in this fiscal.‘Pradhan Mantri Avas Yojana’ has shown the way to take out the real estate industry out of slow down. Modi Government has clearly shown their determination to implement their policy of ‘Home for everyone’.

Low and Mid-income segments are the biggest beneficiaries of the scheme. Benefits of up to Rs. 2.67 Lakhs per annum is available for first time home buyers whose family income is in the range of Rs. 6 Lakhs to Rs. 18 Lakhs PA.

The budget proposals aim to limit the amount of this 'loss from house property' to Rs 2 lakh per annum for rented houses and 'deemed to be let-out' houses, applicable on the second house however, for the people buying the first home has become fruitful to make their dream into reality.

After Demonetisation, Banks are continuously reducing Home Loan rate of interest to make attractive for the home buyers. State bank of India is offering home loan at 8.35% for loan amount up to Rs. 30 Lakhs. ICICI bank and HDFC is also following the suit.

There is an old saying ‘there is no wrong time to buy property’; so, take the first step and go ahead to buy your dream home.

Ashish Sharma,

CEO

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