As the pandemic continues to affect the lives of millions in our country, it is also creating a ripple effect on different industries and the economy of the country and the world. People continue to work from home, disinfect their surroundings and don masks to avoid the virus and have moved on with their lives. Amidst all of this, people have realised the true value of living in your own home and the security and stability that comes with it. Real estate companies in Kolkata are claiming this time to be the best time for people to invest in homes owing to many factors.
Why Srijan Homes?
Srijan Realty Private Limited is one of the leading real estate developers in Eastern India. Ever since its inception in 2003, the company has successfully delivered more than 30+ projects and has more than 25+ ongoing and upcoming projects. It has a diversified portfolio of projects including commercial parks, hospitality establishments, retail establishments and a large number of gated communities in popular residential areas.
As the economy continues to suffer, real estate prices have also dipped but still continue to be a popular option for investment. Here’s why you should choose Srijan Realty:
- Special Home Loan Rates: Home loan rates have never been lower in the last few years in India. While home loan rates are low across different banks, they vary from each other. On purchase of any unit of Srijan Realty properties, customers can avail a home loan at the interest rate of 6.95% p.a. exclusively.
- Price Protection Policy: Price Protection Policy is a cashback you can avail that protects your investment from fluctuations in the price of the property. The company adjusts the difference in the price against your other costs and your funds are secured. For Srijan Realty, all the projects’ Price Protection Policies have been extended till March 2021 making it an ideal developer to invest in.
- Credit Linked Subsidy Scheme: Under the Pradhan Mantri Awas Yojana, the Credit Linked Subsidy Scheme provides interest concessions to different categories of people depending on their income. It mainly benefits the EWS (Economically Weaker Sections), LIGs (Lower Income Groups) and MIGs (Middle-Income Groups, the ones with an annual salary between 6 to 18 lakhs) with an interest subsidy on home loans.
But it was announced on 14th of May, that the scheme for the MIG category has been extended till 31st March, 2021 (which was previously March 2020)
This extension is a boon for the current times.
Do note that the subsidies differ between MIG- I & MIG- II. The beneficiaries with annual household income between ?6 lakh and ?12 lakh (MIG I) get an interest subsidy of 4% on a 20-year loan (only upto Rs. 9 lakhs). The ones with more than ?12 lakh and up to ?18 lakh (MIG II) get interest subsidy of 3% on a 20-year loan (only upto 12 lakhs). The definition of annual family income comprises incomes earned by the husband, wife, unmarried sons, and unmarried daughters. For children (married or unmarried) staying with their parents in a house owned by the parents (or on rent, in the same or another city), can opt for PMAY provided they are earning and don’t own any other houses. This is a golden opportunity for those who are earning and wish to own a Srijan Home.
- Gated Community with benefits: Along with the financial benefits, Srijan Realty projects are gated communities in popular residential localities with an abundance of open space, surrounded by lush greenery and water bodies. The apartments are well-designed for your needs and all modern amenities and facilities are available at your disposal. Some projects also focus on sustainable living.
2020 has been full of twists and turns and continues to be a year that has left everyone wondering what will happen next. Find your stability and security in your own home with Srijan Realty, one of the leading real estate companies in Kolkata. Buy your own home and live in comfort for the rest of your life. To know more about our properties, visit www.srijanrealty.com.