Ace Realty

Questions that a potential buyer needs to answer before he takes the plunge. Don’t get us wrong. We don’t want to shatter your dreams to own a house. We just want you to take a reality check. Your answers will tell whether you are in a position to buy and if real estate is indeed the best investment option for you. If most of them are answered in a ‘no’, take a step back and revisit your plans. You may decide to save more for a bigger down payment, buy a smaller house, invest in a cheaper city. Can you afford the home loan EMI? It might sound a no-brainer, but many home buyers get this wrong and bite off more than they can chew. The home loan EMI should be around 40% of your net household income. But that is if you don’t have other loans. A high EMI outgo can put your household budget under pressure. If the home loan EMI accounts for more than 50% of the net household income, other goals will have to be downsized or junked altogether.  Banks have their own method...

With India having a large and growing population of millennials, we look at how their preferences, which are distinctly different from the previous generations, will affect the real estate market Over the last few years, the real estate market has witnessed a series of drastic changes. One such development, has been the active involvement of millennials in housing investment. Their outlook and approach towards life, is slightly different from the preceding generations and they have come up with creative ways to save for a down payment. This shift in demographics is affecting the market. Indian real estate industry to become third-largest, globally The real estate sector holds considerable significance in the Indian economy.  It contributed about 6%-7% to the Indian economy gross domestic product (GDP) in 2017 and is expected to contribute about 13% by 2025.  According to a report by KPMG, by 2030 the Indian real estate industry is expected to touch USD 1 t...