Naveen and Neha are a perfect match and an understanding couple. Naveen has a plan for everything in life. Neha is a cheerful and practical woman. Both of them discuss and get things done. So what made their ways apart? I should tell this.
Neha wants to visit a good restaurant and have great food. Naveen says ‘no’.
Neha wants to get away from her daily schedule and go for a vacation. Naveen says ‘no’.
Neha’s birthday time!!, Naveen got a card for her. She is happy, he had given her a card atleast.
Finally, Neha asks Naveen. “We earn well. We can spend though not for a luxurious life but for a relaxing and comfortable life. But why do you always say ‘no’ for anything that makes me feel happy?”
Naveen now opens up. He has a dream house and he wants to buy it.
So what is he doing? Yes. Saving saving saving.
Saving, forgoing the comforts and the feel good factors too??
Yes. He wants to save not just for the down payment of the home, but for the whole value of the property. So how does he save?
Let us see how it works without a homeloan
Age : 26 years
Salary : Rs.40,000
Expenditure : Rs.15,000
Savings : Rs.25,000
His dream home value : Rs. 40 lakhs.
On an average per year he saves : Rs. 3 lakhs
No. of years he should save : 14 years.
In the mean time the property’s value increases which means he has to save even he reaches his limit. Ofcourse, his salary increases and he can save more. If you observe in the example, he saves more than half of his salary. Without even fulfilling smallest of his desires. When will he explore life if not at the age of 20s and 30s.
So, Neha asks him to go for a home loan. He rejects. She tries to explain.
So, is it that you should not go for saving at all if you buy a home? No, save for the down payment and for the rest go for a home loan.
Amount saved : Rs. 8 lakhs. (used for down payment)
Home loan amount : Rs. 32 Lakhs
Salary after 2 years : Rs. 60,000
EMI Fixed : Rs. 32,000
Now, at the age of 28 years, he is enjoying in his own dream home. Since, EMI is fixed, he need not think of saving for a home when his salary increases. He can invest and diversify his extra income, where he gets more returns.
Is that the end? No, you rather have to, monitor your homeloan via loanyantra, the synonym for loan management services. This helps you to put an end to your home loan faster.
A very interesting concept – You get assured rent for fixed years once you invest in such property. Let’s dive in to the topic.
Puravankara’s Provident Housing came up with an innovative method to grow their business and give value to our investment.
Managed Residences Investment Plan (MRIP)
Puravankara, one of the top most real estate developers in India, believes in “We cannot really depend on our job alone if we want to achieve financial freedom. Creating and having multiple source of income is one of the best ways to step up the ladder and achieve our financial goals”.
Hence, came up with the solution, buy the ready-to-move in apartment with assured rent for seven years along with appreciation in rent.
Here are some quick points for more information.
An innovative, low risk real estate investment to help you build a long term rental income.
Investment structure – Buy & Sale back with a contracted lease term of 7 years.
Puravankara’s MRIP offer provides long term lease management services from JLL, the leading international property consultant.
Multi-city residential assets across Chennai, Bangalore, Coimbatore & Kochi.
Investments across 3 Price buckets – approx. 35 to 55 lakhs ; 75 to 125 lakhs & 2.5 to 4 cr.
Benefit from committed monthly rentals with annual rent escalations, long term capital appreciation, zero maintenance & hassle free process.
All apartments offered under Puravankara’s MRIP offer are ready to move in apartments and are completed apartments/ completed projects.
Pros and Cons of Puravankara’s MRIP Offer :
As the company believes, it is always better to have multiple investments and multiple sources of income. And hence, this is a best source of second income.
Buying a home for rental purpose is a very common practice in India. Finding a tenant and getting assured income is most challenging. This offer encourages a hassle-free maintenance process for seven years by not only paying the rent but also maintenance charges.
You just have to pay the property tax every year.
Be careful while buying as the price under Puravankara’s MRIP offer is slightly higher than the price for the units with no offer.
But if you are an NRI or retired employee or low risk taker, it is always best to invest.
Go for Purvankara’s MRIP Offer, only if you can self-invest. Since, under this offer, the pricing of the unit is relatively higher, it doesn’t make the best option if you have to pay more interest to banks under home loan.
How Loanyantra Works :
Investing in a property is no small issue. And we understand it. So your search for home ends here. Think home loan and think loanyantra.
As we discussed above about managing homes, we, in loanyantra, manage your home loan. Call us for further queries about free services on home loan management.
Renting or Buying a home – Should you stop renting and buy a home? What are the costs involved? Calculate the hidden costs for renting or buying.
If you’re ready for the commitment, you bet!
Yes. Buying a home is a big decision. A big commitment, too. But if you think renting vs buying a home thoroughly, clearly understand your financial situation, and you’re ready for the short- and long-term responsibilities, it can be one of the most rewarding decisions you’ll ever make. Once you decide on renting or buying a home in India, Loanyantra helps in building the bridge between you and your dream home.
Renting vs Buying – Why buying a home is a good idea.
Build equity: Every EMI payment you make is part interest and part principal. The principal is what you owe on the loan and it goes directly towards your home’s equity. It’s like investing in yourself. Which is a lot better than 100% of your rent payment going to the landlord. Plus, whenever home values (land price) increase (and historically they do) so does the value of your home.
Tax advantages: The interest portion of your monthly payment is like any other interest. It’s the fee you pay for borrowing the money. However, the great thing about home loan interest is it’s tax deductible. And so are your property taxes.*
Loan options: There are different types of loans to choose from. So depending on your financial situation, and long and short term plans, you can apply for a home loan that will fit your needs.
Live your way: Do you feel comfortable in a sparse, minimalistic space design? Or do you like different colored walls and pictures everywhere? As a homeowner, you’re free to live, decorate and change your home however you want. Rented houses’ owners do not allow the walls to be drilled or make the way comfortable for you.
What the experts say on renting or buying a house in India.
Many experts in the real estate market believe it makes good financial sense to buy your home rather than rent. Experts predicted that rents for apartments would increase year on year nationally – by average 8% in 2014-2015 – by 7.5% each year in 2015 and 2016. Though due to demonetisation in India, the residential rental value remained same in some areas for an year, now there is again a steep increase and rents will continue to increase year on year.
If the average national home loan interest rate hovered around 10,5% (they’re much lower today), home ownership may well be a better investment of your money,especially if you plan to stay in the home for at least five years. Experts estimate that buying will be cheaper than renting until the 30-year fixed rate reaches 12%, more than what it is currently!
Important homeowner costs to consider.
Down payment: Different loans require different amounts. The RBI allows LTV (Loan to Value) of
90% for home loans up to INR 30 Lacs
80% for loans between INR 30 and INR 75 Lacs
75% for loans beyond INR 75 Lacs.
While deciding on renting or buying, down payment calculation is a must. Decide on your budget, calculate your savings, keep it ready for down payment.
Insurance: Property insurance or home insurance is recommended, once you get into your home. Flood or other types of coverage may also be required.
Now, in India, home loan insurance is made mandatory. Insurance on home loan supports your family in any unforeseen event by paying the outstanding loan amount. The home loan insurance offered by the loan cover will progressively come down as the home loan gets repaid. For instance, by the 10th year, if the loan cover would have been to be Rs 13.5 lakh. By the 14th year, it would have been reduced to about Rs 3.5 lakh.
Property taxes: Varies widely. Determined by local city or state government. The fact that the local municipal authority is the force behind the property tax being levied must tell you a lot about how the money you pay goes to towards the maintenance of the basic civic services in your city. The property tax in India is only charged on the real estate building and not on the plots of land, which don’t have any establishment in its vicinity.
Maintenance and home improvement: From a leaky faucet to new paints, you don’t have to fix everything yourself, but paying for and getting it done is your responsibility. Maintenance charges to the society need to be paid which you pay even when you stay for rent in a house. But for the next five to ten years, you need not worry about the shifting or transportation charges, home improvement costs and repair costs if you had used average quality for the first time.
But over the time, you have to be responsible for your sweet home for making it look good and neat. You can also do a makeover whenever needed with the home improvement ideas and facilities in the market by top-up loan or home improvement loan. Once you are a loanyantra customer, loanyantra helps you in getting the best interest rate in the market at a discounted price.
Why you should stay for Rent? Reasons to keep renting for now.
Sometimes, due to your personal situation and long term plans, renting is currently a better option.
You anticipate a change in employment or income in the near future.
You’re not comfortable making a long-term commitment to a particular location or area.
You need to build a stronger credit history.
You’re not prepared to handle responsibilities like leaky faucets, paint and other routine maintenance.
You’re not financially ready to cover monthly and yearly costs for utilities, insurance and taxes.
Rent if – You are currently prioritizing other financial goals above homeownership. Buy if – Homeownership is your primary financial goal, and you are both aware of and comfortable with how the cost will affect your progress towards your other goals.
*Everyone’s tax situation is different. Please consult a professional tax advisor. ** This summary is based on a Rs-30,00,000 home loan amount, loan term of 240 months and an interest rate of 10%.
Loanyantra offers the best interest rate ever in the market. Know more and save more.
Applying for Home Loan or Balance Transfer Home Loan NRI / OCI/ PIO
Most of the times, its a dream for NRI to buy a property in his/her home town or clear existing home loan before they return India. We come across NRI/OCI/PIO buying property in India very frequently. There are a lot of doubts which seem to be repeated by most clients.
This blog would give an insight of the process so that one can avoid errors and rework.
Process for Non Residents Indian / Person of Indian origin PIO or Overseas Citizen of India OCI for Home loan application.
HOW TO APPLY FOR NRI BALANCE TRANSFER HOME LOAN ?
First Step is to Decide the Power of Attorney (POA) Holder
The first step for any NRI/OCI/PIO is to decide who would be the POA holder. He/she has to be a blood relation residing in India preferably in a metro like Bangalore,Hyderabad, Mumbai, Mysore, or Pune.
Most of the banks ask for a Co-applicant. Your blood relative in India that is your parents/spouse can be a co applicant. You also need to convey the property ownership details .
In case you are buying in joint name i.e either your spouse / parents, he /she would have to be on the loan as a co applicant.
Please note the POA holder is the person who would be called in case you delay/ default on our loan.
Power of Attorney(POA)
The most crucial document you need to execute is the POA in the format of Bank that you are applying for the home loan. Each Bank has its own format for the Power of Attorney.
Do not execute a generic general power of attorney as most banks refuse to accept the same for the application. Once you have the power of attorney format of the bank that you wish to avail home loan from since you would be executing the POA outside India, you need to visit the Indian Embassy and complete the process.
In case your co applicant is an NRI you would need to execute POA for him/her also. Both POAs can be given to the same relative in India.
Please get the Power of Attorney checked from your banker before notarizing it from the embassy. Any errors can be rectified.
Kindly note that the POA attracts a fee in the embassy as well as here in India. In India you need to affix a Rs 500 stamp paper and get the documents notarized.
Kindly note in case there are any errors / gaps in the POA you waste a lot of time, energy and money because the entire exercise has to be repeated.
For Property Registration
The power of attorney you have executed for the bank can also be used for the registration of the property document. However you need to get the same checked from the developer from whom you are buying property.
All the income and personal documents as per the list have to be self attested by you (signed by you/POA holder) when you despatch the same to India.
Kindly also provide your overseas address proof which can be your employer’s letter in original.
You need to provide following documents attested by Indian Embassy : PAN CARD COPY, PASSPORT COPY and Overseas Residence proof
WHAT TO SUBMIT FOR NRI BALANCE TRANSFER HOME LOAN ?
List of Documents for NRI
Photo of Applicant and co-applicant
Latest 4 months salary slip
Increment letter with salary breakup
Previous work experience letter
Pan card copy & Passport copy
Processing fees cheque from NRE account
Co-applicant photo ID proof and sign Proof ( Pan Card ,Passport, Driving License copy)
Employment contract (English copy if the contract is not in English, attested by the Embassy/Employer).
Latest work permit.
Details of previous employment.
Identity card issued by current employer.
Bank Account Statement For Salary & Saving a/c (six months).NRI,NRO A/C
Pages with visa stamp on the passport.
Power of attorney For Bank Format
Pan Card Copy, Address proof, Photo for POA holder
Detailed credit report from Equifax / Experian
A credit report is a mandatory document for NRI/OCI/PIO US/UK/European countries, Australia, New Zealand and South Africa.
The credit report is not required for professionals working in the Middle East
Please download a detailed credit report which would clearly state your credit score. Most of the times you would have to pay fee to download the credit report. the credit reports available free of cost do not provide detailed credit history and might not provide the score.
WHERE TO PROCESS FOR NRI BALANCE TRANSFER HOME LOAN ?
We would recommend to process with Bank or institution which is providing Online Access to monitor, manage and allow part payments online. Most of the banks provide online access. So make sure you collect all the required online access details at the end of Loan process. We, at Loanyantra as part of process checklist, make sure our customers get the required online access to the loan process.
WHOM TO APPROACH FOR NRI BALANCE TRANSFER HOME LOAN?
NRI/OCI/PIO Loans if not professionally handled it might be very cumbersome job. It is always good to be ready with all the documents before starting the Home Loan process. In case of additional documents required then it would take extra money to send , extra time it would take to receive and extra efforts by the Power of Attorney(POA) to submit the documents. We would recommend, use services from a prompt loan professional to process it smoothly. Loanyantra.com, India’s first online loan management company, a reliable and perfect source if you are looking for a smooth process.
In a hawk’s eye, Loanyantra provides professional service at free of cost. As our process protocol, we first send entire checklist and have a professional call before we start the process. Once the process starts you get online access on Loanyantra portal which would update the status of the Loan process and it provides a chat facility between you, Loanyantra executive appointed for your process and the Banker. We make over all experience a cake walk.
Loan for women borrowers– new focus area of banks/ financial institutes.
Home loans have become a popular way for the buyers to buy a new house; however, it has been observed that lately there has been a rising inclination of banks/financial institutes to motivate home loan for women. Successive measures by government and banks to encourage women empowerment and including women in all spheres of financial decision is a step in the direction of making women financially secure.
Some basic documents and criteria of loan for women borrowers:
Loan application form
Passport size photographs
ID proof like voter ID, PAN Card, Adhar Card Driving Licence
Residence Proof like utility bills (electricity, telephone, water etc.)
Those women who are not salaried employees, they need to submit business address proof
Bank statement of last six months
Completed loan application
Passport size photographs
Proof of identify (photo copies of Voters ID card/ Passport/ Driving licence/ IT PAN card)
Residence proof (photo copies of recent Telephone Bills/ Electricity Bill/
Property tax receipt
Personal assets and financial liabilities statement
Details of other loans if any
A woman must be either the sole applicant or a co-applicant.
The property for which then loan has to be sanctioned should in the name of the woman applicant or she should be the first owner.
Special bank accounts for women, concessional rates and special loans for women borrowers, all directed in the direction to motivate women home buyers.
Let’s have an understanding about thespecial privileges that a woman home loan borrower getsfrom the bank / financial institutes :
Lower interest rate – The rate of interest levied on a home loan by banks or financial institutes is lower for women. It is lower by atleast 0.05%. For example : SBI has the scheme of HER GHAR, HDFC has scheme of WOMAN POWER
Better probability of home loan application being accepted – Under the guidelines of Pradhan Mantri Awas Yojana, preference is to be given to women. Widows, single working-women, persons belonging to scheduled castes and scheduled tribes, backward classes, differently abled and transgender people will be given preference. Women borrowers are perceived as less risky by banks and HFCs and hence they hold a better chance of getting their loans approved. Banks do consider other factors like credit score and documents before approving the home loan.
Lower stamp duty charges – In some states, if a property is bought in the name of a woman, the stamp duty levied is lower compared with what’s applicable for a man. For instance, in New Delhi, a woman has to pay 4% stamp duty compared with 6% for a man. This is also true in case of conversion of a property from leasehold to freehold, and in case of gifts.
One of the conditions as eligibility criteria for many banks for loan approval is presence of home loan co-applicant. Co-applicant is basically a person who acts as a guarantor and shares equal responsibility of repaying loan as the main applicant. Banks nowadays are insisting on having a co-applicant without educating the customer about its repercussion and legal liabilities. In case of women borrowers having a co-applicant increases your eligibility to avail high amount of loan but at the same time this can pose a few risks like:
Dispute between husband and wife – In cases where you have your spouse as a co-applicant but not the co-owner, you can face the problem of repayment of EMI. This is applicable vice-versa. Any kind of dispute in the future leaves the co-applicant male or female in a mess.
Asset risk of the co-applicant – In case the primary applicant fails to repay the EMIs, the burden falls on the co-applicant. Whether you are the co-owner or not you have to repay the loan.
Reduced credit eligibility- Being a co-applicant reduces your credit eligibility up to 50% which may impact your future loan applications.
Although, being a co-applicant poses some disadvantages it has some benefits too like:
Eligibility for higher amount – Having a co-applicant makes you eligible to apply for home loan of a bigger amount.
Tax Benefits –As per Income tax Act, 1961, you reap the tax benefits. Joint ownership can be beneficial if both the spouses take home loans as each can claim tax deduction for the interest paid on loan.
Note : It depends on the mutual understanding of the applicant and co-applicant; however, there is a legal way out for it. You can sign a document which clearly shows the liability of both and this can be executed on a stamp paper and should be notarized.
Loanyantra special cutter pack of home loan for women borrowers:
There are many companies offering loan for women borrowers but it is important that you are through with the legal aspects of the home loan. Loanyantra is a one stop shop solutions for your entire home loan requirement. You can easily connect with us and we suggest you how you can reap the maximum benefit out of the special home loan schemes for women. Moreover, Loanyantra also offers a discount of 0.01% on the home loan interest rate which is a discount on the bank / financial institutes interest rate.
Plan your home loan well and close it early. Get in touch with us today.
Anand & Deepthi, a smart couple, had booked a 2-BHK, an under construction property from a reputed builder in their locality. Anand had a passion to buy a home of his own. With in an year of booking they became proud parents of twins. So to support the couple, Anand’s parents moved to his house. They were flood of relatives who came down to wish them. As Anand & Deepthi were working away from his home town, most of the relatives stayed atleast for a day. Anand realized he needed his parents support to raise his twins and a 2 BHK would be small for them.
So Anand, wanted to sell this flat and buy a 3 BHK. When Anand spoke to the builder, builder said he can upgrade to 3 BHK apartment from his 2 BHK apartment. Anand had availed a loan and already 30% of payment got released from his home loan.
He wanted to know, “What was the process in Home Loan for upgrading a property ? “. So, he got to know the procedure from the banker who requests him to submit the below documents.
Documents to be submitted for Upgrading a Property.
1) Original Cancellation Deed required.
2) Disbursement Against Registration.
3) Letter from Builder about the property swap & OCR transferred to New flat no.
4) Loan to be increased or downsize.
5) 2 cheques required from salary account.
6) Original Agreement of sale copy.
Anand submits all the above mentioned documents. It took him more than a month to do the entire process. Now he was happy as he had prepared his sweet home for the future.
DO YOU KNOW
Statistics show that 1 in every 100 buyers upgrade their property after they had blocked it.
Loanyantra takes this platform to let you know more about Upgrading the property :
Some famous justifications include for us Indians to upgrade the property are “my family needs more room”, “we can free up some cash for our children’s education (or buy a car!)”, or “I’m sure we can make some money from selling the bigger house and downgrade after the kids grow up”.
So, what to know before you upgrade the property –
Are you in the financial position to upgrade? If yes, then cross check if you are aware of the below mentioned points, to ensure you are in the correct line.
Have you got the registration sale deed or Agreement of Sale?
You need to get the NOC from the builder and you can enter into a Deed of Exchange and you have bounden duty to pay the additional amount in respect of 3BHK.
Moreover, if you got the registration of Sale Deed, you have another option also, you can resale the flat to the builder by execution of Resale Deed by receiving your total consideration amount. Later, you can enter a fresh Sale agreement for 3BHK.
Also another option involved is Gifting the property to the builder. But please know all the legalities from your lawyer.
What Loanyantra can do when you upgrade the property.
Loanyantra can take care of your home loan and helps you in submitting the right documents. Enjoy the door-step service.
Let us know once you are done with the registration, we will carry forward the rest of the process with the bank you choose.
Your Home Loan EMI starts from the time the Bank has created a disbursement cheque. Some banks start your EMI from the date you picked the first disbursment cheque even before you have
First EMI is called broken period EMI. Which is lesser than your EMI.
What is Broken period EMI?
When you opt for EMI payment, say 5th of every month. Now suppose your disbursment cheque is handed over on 25th of the month. Then Bank would calculate interest for 25th till 5th of next month.. say for 10 days and it would take it on 5th. The next EMI will be as per your EMI schedule.
Again you can go for Pre-EMI or Full EMI. I would suggest if you are capable of paying full EMI then start with Full EMI. Most of the times Banks will keep it to Pre-EMI for under construction properties. Which will not decrease your loan tenure.
Plan your loan well, then only you will close it faster and home will be fully yours.
Interest Rate = Margin Rate + MCLR Rate for specific period or Base Rate
When you avail a loan for 8.50% that would be broken up into
8.50 % = 0.50%(Margin) + 8.00% (1-Year MCLR)
Its confusing right.
When ever you take a loan either Fixed or Floating the margin on that day gets fixed.
In case you loan is floating, then the floating will depend on the MCLR Rate for the specific period. Normally most of the banks give you for 1-year. Meaning every 1-year your rate would change as per that days MCLR for that period.
Say after year 1-year MCLR is 9.75% then your interest rate would be 10.25%.
Last but not the least the Property you are buying & Own contribution to pay 20% of the property
Location , approvals of the property.
Your Salary : You should be earning enough to pay the 80 lac EMI.
Your Age : Based on your age, maximum Loan tenure will be decided. Before you retire i.e 58 years you should be clearing the loan.
Existing Loans : If you have any exiting Loans, you will be paying EMI so you overall eligibility would come down for the next loan.
Credit Score : Banks/NBFC would look at your credit report and based on how you have paid will decide to go if they want to give you loan
Property : When you are asking for Rs 80 lac loan, it would mean at least the property should be Rs 1 crore. Technically the price of the property should support it and you have to pay 20% from your self funding and 80% you can take loan. It should not be like for Rs 10 Lac property you are paying Rs 1 Crore.
Approvals of the property : Based on the Location and type of approvals and amount of deviation while constructing banks would take a call if they will be giving loan or not.
So based on the property you have selected and based on your financial profile you need to select the bank and the loan product. Some not so famous banks will have better products for certain properties.
Plan your loan well, so that you will close faster and home will be fully yours.
Goods and Service Tax (GST) is the tax which amalgamates various central and state taxes into one which aims to build a common market in India, and also avoids paying tax in multiple stages.
In-detail, GST, under one roof, includes many taxes, viz., excise duty, additional excise duty, service tax, additional customs duty, surcharges and cess, value added tax, sales tax, entertainment tax, central sales tax (levied by center and collected by state), octroi, entry tax, purchase tax, luxury tax and tax on lottery, betting and gambling.
Though the expected GST was in between 20% and 23%. The final rate is decided by the finance council and its members and is fixed to 18%.
GST on Real Estate Sector.
At present the consumers in the real estate sector who opt to take an under construction property pay sales tax, value-added tax, stamp duty and registration charges to the builders. With the introduction of the GST, it is made clear that the indirect taxes, viz., sales tax and value-added tax will be replaced by GST. Whereas the developer or builder pays various elements of non-creditable tax costs like excise duty, customs duty, CST, entry tax, etc which are inbuilt in the pricing of the units. All these tax costs add upto anywhere between 22%-25% of the price of the units. Also, for the builder while procurement of goods and services, GST would be applicable. This GST would not be creditable and the developers would have to load this in the price of the property. Hence, there are chances for the increase in the pricing of the under-construction properties.
But post demonitisation, the things turned out different with respect to real estate prices. The unorganized sector now offers at 30% lower prices whereas the organized sector remained neutral.
Also, for the projects which are under construction in different stages, the builder might have already purchased the raw material needed for the whole project. Which means the builder might have paid all the taxes which were supposed to be during the purchase. If the GST is implemented and if the builder is to claim the input credits, the cost of the unit might reduce to 20% of the value of the property. But, under GST, he can not get the credit of what he paid as consumer pays tax on taxes paid by the builder. Hence, the builder surely fits the price in the units. For example, if a builder wants to sell an under-construction property of Rs. 1000, the price of it is Rs. 1000 + service tax + VAT + stamp duty. With the implementation of GST, the price of it will be Rs. 1000 + GST + stamp duty. GST is beneficial in real estate sector, if the builder is benefited and if he passes on the same benefit to the customer.
If the consumer is looking out for a ready to move in apartment, the consumer need not pay the service tax or VAT, but has to pay the stamp duty which varies from state to state. So not much of price change is expected even with the implementation of GST.
So, what needs to be analysed and understood is, with the 18% replaced GST rate, how will the impact of the pricing of the under construction property will be? And how will the builder charge you at the end of the day.
The budget session clearly mentioned that the goal is affordable housing. So, even with the implementation of GST, the under construction projects’, the unorganized and organized sector real estate prices remain neutral. This gives another hope for the investors, and a big move for the real estate market after demonetisation.