CHENNAI.....Good investment opportunities in all the segment of the city. Commercial rentals is on fast trek. Residential segment also having very good demand from rural areas. Outskirts of the city is now more costly then CBD residential areas.   AHMEDABAD..... ..... Huge NRI funds were recently invested in residential segment of the city. Commercial too is feeling the heat. Residential rates are marginally up by 20% since last quarter. The trend is likely to continue.   BANGALORE...... ...IT and ITES are again in the buying spree. Residential complexes are getting good demand. NRIs investments are up again. Service apartment concept is catching up in the city. Commercial lease rentals are rising.   PUNE.... ... Pune is poised as IT centre by the developers. In fact many leading IT brands are in the city. It has enhanced the residential rates. Outskirts like Viman Nagar, Pimpari and Chinchwad also now having great demand. Good time ahead.   DELHI .... ...The market is slow for residential units. Noida and Gurgaon also have touched historic level. New zones are in the competition. Faridabad and Merut along with Rohtak are busy catering for demand in Delhi and NCR    MUMBAI.. ..... ..Realty Fund and investors of large real estate holdings are still maintaining the price level. Developing zones are feeling heat. Small pocket developers are also panic in the market. Residential prices stagnated as of now.

Housing Finance -  FAQ's

Q1.For what purpose Housing Loans are available?
Ans. Housing Loans are available for the construction or purchase of:-
a) New House, flat
b) Existing house / flat, not more than 15 years old.
c) Plot of land
d) For repairing and additions and alteration of premises.

Q2.Who is eligible for Housing Loan?
Ans.i) Individual having income from:-
a) Employment / Self Employment
b) Business and / or
c) Property & Investments
ii) Co-Applicant / Borrower :-
Co-owners of premises or property can be co-applicants for the loan application. Husband & Wife where both having individual income are ideal co-applicants.

Q3. What maximum loan amount can be obtained?
Ans. Loan amount is decided on the following aspects:-
i) The loan amount is based on the total cost of property, which includes cost of construction of house / flat, cost of land, cost of stamp duty & registration charges; co-related with the repayment capacity of the borrower.
ii) The actual loan amount advanced by such institution is generally 75% to 85% of the above total cost; and or amount worked out based on 36 times of monthly net income and repayment capacity of borrower, which ever is less. The balance amount is to be contributed by the borrower alone.

Q4. What is the loan repayment period?
Ans. Repayment period is different for each financial institute; depending upon their company policy. This period differs from 5 years (Short Term Loan) to 20 years( Long Term Loans) and normally shall not exceed the age of retirement or completion of age of 65 years of individual.