The real estate market has changed a lot for the home buyers following the corona virus pandemic. Here is a list of challenges faced by buyers while buying a house for sale in Trivandrum.
Post Covid-19 pandemic the Indian real estate market is struggling with demand and supply indicators at an all-time low. The pandemic however has reinstated investor’s faith in real estate by highlighting of other assets and making the buyers to think of buying a house for sale in Trivandrum.
Housing loans post Covid-19 can be availed at leading banks in India at an annual interest of 6.95% per annum which allows buyer to invest in buying a house for sale in Trivandrum. While buying a house for sale in Trivandrum there are a list of challenges faced by home buyers listed as follows:
Site visit for buying a house for sale in Trivandrum
- Developers are helping property buyers to select houses online. Site visit for buying a house for sale in Trivandrum have been kept minimum to comply with social distancing measures. Developers are also careful and are offering site visits only to the people who are instantly ready for buying a house for sale in Trivandrum.
- Immediate and early investment for buying a house for sale in Trivandrum may make some home buyers to pay some kind of early deposit, to make their intensions clear developers allow personal visit to the buyers who are willing to buy the house for sale in Trivandrum by making an early investment.
Lengthy and Hectic paperwork for buying a house for sale in Trivandrum
- House related paper work for buying a house for sale in Trivandrum demand buyers to make visits to multiple places. This work becomes more hectic when housing finance is involved while buying the house for sale in Trivandrum.
- A large part of buying the house for sale in Trivandrum can also be completed online, but the buyer’s physical presence while buying the house for sale in Trivandrum is needed in several places. The same is true for property registration while buying the house for sale in Trivandrum.
Project Delay while buying a house for sale in Trivandrum
- Many had already invested in house for sale in Trivandrum before the Covid-19 outbreak. It may be financially tiring for those people with the burden of house rent and EMI of house for sale in Trivandrum. Considering the restriction on construction activities and labor issues the housing projects in India has been extended by 1 year.
- But now some house for sale in Trivandrum has been listed in online portals, since the restrictions pertaining to construction have been lifted. Buyers who are expecting to buy a house for sale in Trivandrum may have to wait for one more year.
Home Loan EMI taken while buying a house for sale in Trivandrum
- Buyers who bought the house for sale in Trivandrum earlier are paying both EMI along with the rents and are under tremendous pressure. RBI has announced EMI moratorium for the benefits of buyers going to buy a house for sale in Trivandrum and also for the buyers who have already bought the house for sale in Trivandrum.
- Once the six month moratorium period of RBI is over the buyer has to pay all the EMI taken to buy the house for sale in Trivandrum. Looking into the monetary point of view this support measure will not be helpful for the buyers who bought a house for sale in Trivandrum.
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