Today, India is one of the countries in the world with enormous potential for sustainable infrastructure. So, if you are planning to invest in green real estate here, you are in luck.
Anyway, buying a sustainable home for your family reduces your carbon footprint and keeps you comfortable. So, if you are looking for housing finance to purchase a new green home, we suggest checking your online your eligibility with the help of a home loan eligibility calculator online before applying.
Benefits of purchasing a green home in 2021
The government is consistently rolling out policies and introducing reforms that are benefitting the real estate market. For instance, the implementation of the Real Estate Regulation Act (RERA) of 2016 ensured that unfair practices against buyers are restricted.
Further, in 2017 the government introduced GST after which there was a marked increase in the infrastructure business. Also, you can get financial help from lenders as the home loan interest rates are competitive.
The world as a society is conscious of the ongoing climatic disturbances, and therefore, people are becoming responsive to the environment’s needs. Hence, there exists a cumulative green-mindedness which is resulting in an investment in eco-friendly houses.
The current generation, especially, is interested in buying houses that take care of waste management, energy conservation, and are sustainable, and promote health as well.
Participate in international commitments
The Paris Agreement of 2016 promotes sustainable development as well as reduction of the Green House Gasses (GHG). India has signed it too and is making continual efforts to reduce carbon emissions.
Now, sustainable infrastructure, especially housing, is a big part of this. Hence, strategies are being made for sustainable infrastructural development so that India can fulfil her role in this global cause. Thus, investing in eco-friendly properties is a noble choice right now.
Additional Read: What are Green Buildings and Green Homes?
Countless individuals are putting in tremendous effort in encouraging green real estate. For instance, buyers are more conscious of a green home investment. The builders are constructing buildings to fulfil this demand by thinking creatively and planning sustainable houses in ways that also satisfy personalised needs of people.
Some buyers want luxury, while others want a more Spartan living and green residential real estate developers are ensuring both. What’s more, lenders are offering housing finance options at great home loan rates while the government is introducing new reforms.
Developers use biodegradable materials in constructing green homes. The architects plan these structures to optimise, waste management, and recycle water. Furthermore, the interiors of green homes are designed such that they offer exceptional natural ventilation and sunlight.
Also, the temperature is regulated by a distinct kind of biodegradable bricks that are utilised in constructing the house. Hence, these houses promote sustainability which is the need of the hour. And, you can affordably buy them with a home loan.
Additional Read: How Can a Green Home Make You Financially Sustainable?
To sum up
Undoubtedly, buying sustainable housing is a milestone decision.One that can be made easier with the right lending institution funding you.
Choose Tata Capital for all your housing finance needs. Before applying, evaluate the EMI you are comfortable paying with the help of our online home loan EMI calculator.
To know more, get in touch with us today!