Why It Is the Best Time to Buy 1 BHK at Sarvesh One

 

Are you living in rented accommodation? Then it is time you bought your own home. It is easily the best time to buy 1BHK at Sarvesh One. The project is one of the most well-planned residential complexes in the business district of Lower Parel in Mumbai. There are various factors that suggest that this is the best time to purchase a property in the country’s commercial capital. Choosing the residential apartment in one of Mumbai’s most vibrant business hubs will be a smart move. Buying a unit in Sarvesh One Lower Parel will be a sound investment as the price of the property will appreciate significantly in the coming years. Below are the reasons why it is the perfect time to invest in the project.

1. Lower Home Loan Rates

The biggest reason to buy  1 BHK flat for sale in Lower Parel is a reduction in home loan rates. It is impossible to fully finance a property transaction by yourself. Most people require loans from banks and other financial institutions to fulfill their dreams of owning a home. The Reserve Bank of India announced a reduction in the policy interest rates by over 120 bps. The move was necessitated rejuvenate the demand after the lockdown was lifted. It was one of the steps taken to counter the slowdown caused by the pandemic-induced lockdown.

2. Reduction in Stamp Duty Rate

The Government of Maharashtra has reduced the stamp duty rate from 5% to 2%. This reduction applies for the period from September 1, 2020, to December 31, 2020. A 3% rate will be applicable until March 31, 2021. This is another compelling reason to buy 1BHK at Sarvesh One now. The state government has taken the step to encourage people to invest in residential properties and provide some stimulation to the economy.

3. High Demand Can Exhaust Good Options

If you are looking to buy 1 BHK flat for sale in Lower Parel, then make a final decision now. The stamp duty rate cut is for a limited period and you will miss out on additionals savings if you wait too long. Property registrations in Mumbai saw a 36% year-on-year increase. This means that a lot of people are investing in properties. The high demand can easily cause good options like Sarvesh One Lower Parel to get exhausted soon.

Buy 1 BHK At Sarvesh One before It’s Too Late

Waiting for too long to buy a home will not be an intelligent move. At present, you have the benefit of reduced home rates and a cut in stamp duty. There is no surety if such benefits will be extended by the concerned authorities in the future.

Visit  Sarvesh One Lower Parel and book your dream home today.