Firstly, leasing or renting a property is consistently used with no benefit proprietorship even amid emergencies i.e. even spending huge amounts aren't making you the owner of the place. Purchasing a prepared property shortly bodes well because; not exclusively will you save money on lease/rent but you will be able to make a house of your own. As a thumb rule of asset allocation, it is prescribed to have 30% - 40% of your venture corpus in land/real estate. This is additionally the only resource that appreciates while you own it; not at all like others where you need to offer to underwrite the worth (value, obligation and so forth.) or which deteriorates with use (vehicles and so forth.). Besides, amid trouble, as COVID-19, basic ailment, feeble financial conditions - we as a whole understand the significance of a protected and great quality home. Your home gives and brings to you the strength you need during circumstances such as the present. While it pays to be enhanced, claiming a house permits you to have a rooftop over your head consistently as you approach to enhance your total assets. Since house costs don't change each day, this permits you to concentrate on work and things that truly keep you and your family cheerful.

At this moment like never before, it is significant for you to search for a developer that can steer through the flow of storm, unhurt and safe. In the coming months, the industry will see further consolidation of real estate players, with numerous weak players incapable to withhold such a halt in business activities. Many won't be able to speed up the construction process to increase development rapidly enough post lockdown and handover of properties will get deferred for a long time. You need a developer who is sufficiently enormous to deal with such deterrents, has an incredible reputation of delivering great quality items right on time and has a staggering reputation among financial investors and specialists. Beverly Golf Avenue not just has a sparling record of delivering 4 out of 5 homes in front of timeline, we likewise have figured out how to meet our commitments to financial institutions before time even in an extreme FY20 further hit by COVID-19 and oil value stuns.

RBI recently announced a 75bps cut in its benchmark rate. Based on this, many banks like SBI have started cutting their lending rate between 75bps and 100bps. This will bring huge relief to your EMI outgo. As an example, if you had taken a loan of, say, Rs. 1 cr @8.5% for 25 years, with the new rate of 7.75%, your EMI will get reduced by almost Rs. 5,000 per month - a 6% benefit. Hence, either you save in EMI or with the same EMI, you get higher loan eligibility. • I am an NRI and want to invest in Indian real estate. How can I do that without having to personally meet someone to ensure social distancing? If you are an NRI, you don't need to visit India for property purchases. Beverly Golf Avenue has outstation teams in all major cities of the world. Even in the current phase of social distancing, our associates are working from homes and will be more than happy to interact with you on video calls and answer all your questions. Moreover, with the current drop in rupee value against the dollar, it is a very convenient time for you to invest in the Indian real estate market. • What size of the home should I consider buying? It primarily depends on two things-your need and your budget. You should estimate your space requirements in at least the next 10 years and accordingly buy a house that fits your budget.

Interest on the outstanding portion of the loan will continue to accrue during the moratorium period; however, you can defer the payments for 3 months after checking with your bank. The banks will recover the accrued interest as either a one-time payment after the moratorium period or increase the remaining EMIS to adjust the accrued interest or increase the tenure of the loan. Kindly reach out to your bank and understand which option is best for you. However, since interest cost will increase in all scenarios, if you don't have a cash crunch and can manage it is advisable to let the EMIS continue as is.