Choosing the Right Bank or NBFC to Invest on GKRS Palacio

These days, finding a home loan is much easier because more and more people are investing on homes. However, one of the major tasks is to find the right financial institutions that can offer low interest rate on home loan. Banks who offer home loan look for various factors like financial status, tenure, home loan rate, etc.

For instance, if you are investing in a property like GKRS Palacio, Hyderabad, there are banks that are ready to offer loans.

The most important thing to consider is to choose the best bank for home loan-

The ROI:

This is the foremost thing to consider when looking for a home loan in the bank. Compare the ROI of different banks so you can apply accordingly and look for the right bank that will help in enough saving.

Sanction Period:

This refers to the total time taken by the lender in sanctioning the loan. There are situations when the bank may take weeks to sanction the loan, and you may end up missing the flat. So do check the sanction period of the same.

Floating Rate vs Fixed Rate:

When you are choosing the bank, floating rate and fixed rate do matter a lot. Floating rate varies according to the market. It may go down or my rise up. Fixed rate, is always fixed. If you have a stable job, then fixed rate is the best to go for.

Read More

Top Indian Cities for Real-Estate Investment

Every individual has a dream to buy their own house. Some want it for residential purpose, some buy it for the sake of investment and some purchase properties to save tax. Now, irrespective of why you want to purchase the house, the one thing that would imply in each case is - buying a house is a big decision, both financially and mentally.

The finances have to be planned well, all unnecessary expenses have to be cut down, and all major financial tasks have to be postponed. That said, if you do it right and invest in the right place, all your sacrifices would be paid off.  

Summing up, if you are planning to buy a property, the least you can do is invest in the right place. Take a look at the 2 major cities in India where your real-estate investment would prove worthwhile. 

-> Hyderabad, Telangana: Hyderabad, after Telangana split from Andhra Pradesh, has become the capital of the newly formed state. The city, even before the split, was one of the best options for real-estate investment. Hyderabad property combines old world charm with a modern lifestyle.

Besides, people here are very warm and friendly, so peaceful neighbours are guaranteed. In addition, the quality of life in Hyderabad is excellent.

-> Pune, Maharashtra: Pune, if you don't enjoy the congested, over expensive lifestyle of Mumbai, Pune, also known as the Oxford of the East, is a perfect alternative. 

Bottom line: No matter where you invest, check for RERA approval of the property and housing loans offers available in that area.

Read More