Home Loans

There are many types of home loans available in India offered by various Banks and Housing Finance Companies like:

• Home purchase loans : Loan for purchase of a house.
• Home improvement loans : Loan for repair works and renovations in a home already purchased.
• Home construction loans : Loans for construction of a new home.
  
• Home extension loans : Loans for extending or expanding an existing home.
• Home conversion loans : Loans for those who have financed the present home with home loan and wish to purchase and move to another home for which some more fund is required. Existing home loan is transferred to new home without need of pre-paying the previous loan.
• Land purchase loans : Loans for purchasing a land (plot) for both home construction and investment purpose.
• Bridge loans : Loans are designed for people who wish to sell the existing home and purchase another. The bridge loan helps to finance the new home until a buyer is found for the old home.
  
• Balance transfer loans : Loan to help you to pay off an existing home loan and avail the option of a loan with a lower rate of interest.
  
• Refinance loans : Loans to help you to pay off the debt you have incurred from private sources like relatives and friends for the purchase of your present home.
• Stamp duty loans : Loans for paying stamp duty.
• Loans to NRIs : Loans for NRIs wishing to build or buy a home in India.

Why one should take a loan ?

The loan not only gives you tax benefits, it gives you the facility to repay the loan in EMIs. Both principal as well as interest paid attract tax benefits.

But the loan does not come free.

Other costs are involved.

• Processing charge : It is a fee payable to the bank or hosuing finance company at the time of applying for a loan. It may be a fixed amount or may also be percentage of the loan amount.
• Pre-payment penalty : When loan is paid before the expiry of the agreed duration, the person has to pay penalty fixed by the company / bank and it may 1-2 % of the amount being pre-paid
• Commitment fees : Though not all banks / companies, many banks / companies levy a commitment fee in case the loan is not availed of within a stipulated period of time after it is processed and sanctioned.
  
• Miscellaneous charges : Some lenders may levy a documentation or consultant charges.
  
• Registration of mortgage deed.

If you want a loan, though you like it or not, you have to pay these charges.

Documents required.

• Income proof : A salary slip for employed, or IT returns of at least 3 years for self-employed.
• Residence Proof : Ration card, land line bill (preferably MTNL), Electric bill.
  
• Photo ID Proof : Driving License, Pan Card, Voter's ID card etc.
• Age proof

Property at Chandigarh

Mohali Hills is a secure 3,000-acre environment situated in Chandigarh close to the foothills of the Himalayas. The development includes “The Villas” and “The Views” and benefits from golf courses, leisure and shopping facilities and much more.

Chandigarh is one of India’s newest cities and the capital of Punjab and Haryana. It is an outstanding city with post modern architecture inspired by Le Corbusier.

The development provides every convenience for the ultimate in contemporary living.

• Nine hole executive golf course
• Club house
• Swimming pool
• Unisex-gym
• Jacuzzi
• International school
• Club house
• Community parks
• Multiplexes
• Commercial complex

“The Views” form part of the Mohali Hills development. All the apartments are fully air conditioned and feature CCTV, an intercom facility and full power back up. The two storey penthouses have large terraces with secluded gardens and stone paved walkways.

“The Villas” is nestled within a magnificent landscape at Mohali Hills and will be classified into two distinct styles, deluxe and luxury. Each of these styles celebrates architectural grandeur, and offers the best of Andalusian, Mediterranean and Spanish architecture and each villa is designed in a distinctive, contemporary style.

Recent Updates on Other Blogs.

 

Updates on other blogs.

Project at Borivali

A 10-Storey tower depicting a fine example of an aesthetically designed architectural concept of modern housing with the finest & the latest amenities available in the market. Located in a quiet and green surroundings within 3 minutes walking distance from Link Road and 20 minutes from Borivali Station. It is situated nearby the sprawling Veer Savarkar Joggers Park and Children Park with Boating facility and in close proximity to Super Markets, Banks, Hospitals, Jain Temple and upcoming Malls.

Builder : Karnani Builders & Developers

Amenities

1. Earthquake resistant RCC Frame structure design.

2. Imported vitrified/granite flooring in the entire flat.

3. Granite Kitchen platform with stainless steel sink, tiles dado up to 3 ft.

4. Designer bathrooms with decorative fittings.

5. Concealed copper wiring with designer switches.

6. Colour anodized sliding windows.

7. Decorative main door.

8. High quality painting on internal and external walls.

9. Reputed make lift.

10. Latest security system for highest security.

11. Cable TV and pipe gas in kitchen (subject to availability by Mahanagar Gas Ltd.)

Contact : +919221868488 (RAJESH SHAH)

Disclaimer Clause: The developer reserves the right to make any changes or modification in any of the matter represented in this website. The matter presented is informative of the subject building and is intended for that purpose only. The developer may at any time provide modifications to the matter presented at their discretion.

Colour for Home.

Colour theory basics :

To describe a colour three terms are used namely hue, value and intensity. Hue describes the colour itself like green, brown, gold. Value refers to how light or dark the colour is. Intensity is a bit more complicated. Primary colours are red, yellow and blue and secondary colours are orange, green purple. Primary colours are the only pure colours that exist. All other colours are created by mixing a combination of hues. Intensity refers to colour saturation - the amount of pure colour in a given tint, which can be seen as the difference between the red of a firetruck and the red of a flowerpot.

Neutrals :

Since all colours except primary ones are made by mixing pigments together, every colour belongs to a specific family. Light brown is a soft light brown with a pink, yellow grey or green. The difference seems very minute. Put a beige-to-green sofa against a beige-to-pink painted wall and the effect is magnificent.

Ignore colour names :

Different colour names are given by different companies to the same colour or may be similar names to different colours. So when you select a colour do not go by name.

Take samples :

Select colors based on where they appear in the manufacturer's display, and take the samples home, where they can be viewed in the room in which they will go. Study them in daylight and in whatever artificial light is prevalent in the space, on sunny days, and rainy ones. Be certain that the sample taped up is large enough to give a true sense of the color-3” x 5” is the smallest, and larger is better. When the choices are narrowed down to two, buy a small quantity of the paint, and roll on a 2’ x 2’ square right on the wall. Repeat the study steps until the colors have been viewed in every possible lighting condition.

Pick paint last :

Paint colors come in an almost infinite variety, and computer matching technology has given home decorators an even larger palette. When selecting a paint color as part of a total room color scheme, start with the item with the fewest options. This will probably be the flooring, but might also be upholstery fabric, or an antique tapestry. It’s a million time easier to find a paint that matches the rug than it is to find a rug that matches the paint.