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Home > Forum > Bangalore > Real estate News > Demand for homes in 2016

Demand for homes in 2016

Q: Will the demand for homes pick up this New Year?

residential real estate
bangalore real estate market 2016
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Replies (3)
1
Analyze that why homes are demands in before, because two reasons for demands, one is everyone buying a home and another one is market value will be low thats why, more demands for homes in 2016.
smith


2
Another much awaited demand is of an increase in deduction against housing loan interest. Right now, the interest paid on a home loan of up to Rs 2 lakhs is deductible. It is hoped that the limit is further enhanced to at least Rs 3 lakhs. .This is clubbed along with other deductions under Section 80C. It is believed that a separate deduction will be provided against repayment of the principal amount on a home loan.
Harsha Mahipal


Jignesh Kumar
How can you forget about the long-pending demand is a reduction in stamp duty on the purchase of property. Buyers will be more than willing to declare the entire purchase consideration and pay stamp duty on it, with a reduction in stamp duty This will increase in the revenue collection of the government.
Jignesh Kumar,  Bangalore
14th January 2016


3
The demand for homes is expected to pick up this year because of the growth in the economy and lower home loan rates. :) :)
Harsha Mahipal


I agree with you Harsha. Recently, the Reserve Bank of India revised the guidelines to determine the base rate which are expected to bring down the interest rates, especially for new borrowers. Secondly, The RBI has reduced the repo rate by 125 basis points since January last year.
Bijoy Singh,  Bangalore
14th January 2016


4

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