Simplified facts and practical information about home loans in a simple language while avoiding the technical jargon associated with it! I was confused with Finance in Home Loans and this Blog is an simple expression! I am a Healing Artist, and not attached with any Financial Commercial Institution and am not responsible for any financial links posted Take care and surf information before committing!
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05 June 2014
How first time home buyers are making moves to purchase property and NRIs increasing in buying Property for Investment in India
investment, NRIs are boosting sales with correction in property prices and land
is coming as a gold mine for investors from abroad. Not only do they feel the prices
low as compared to Dollars but also they get a space in the home land which
also has sentimental value for them. On one side where there is lots of
activity going on from the NRI sector there are comparatively fewer sales for
first time buyers. Still as they start making moves in buying property, the
first time buyers, the couples who are both working are happy to move ahead and
invest in their own homes.
and home loans amounting of large sums to be repaid every month as EMIs is taking
its toll on the psyche and pocket of new married and planning to settle individuals.
When smaller sized homes are also going beyond budget there is little hope for
any prices to fall any lower.
becomes impossible for individuals to pay out lakhs of rupees as every month repayment
amounts. Where people love to have bigger homes the actual area they are receiving
is getting smaller and smaller as compared to the picture photograph plan they
are shown at time of purchase.
Home Loans Simplified Facts
Also the first
time buyers with the inflation and increasing costs and insecurities of job and
work are hesitant to make the move as this is a long term planning and needs
patience and well financial planning. Most of the couples opting for buying
home today and applying for home loans are the ones that are both working. Here
it becomes simpler as one of the salary is kept aside to repay the home loan and
the other used up as family expenses. Construction everywhere is going in full
swing and towers are getting full sooner and sooner.
There is a positive
trend seen in purchase of home and as many financial companies are continuing to
lure the borrowers with perks and offers people who are ready to shell out every
month are the ones making the moves and going ahead in purchasing first time
Home Loans Simplified Facts
For the NRI
investors the rates are just a matter of time and as they already have the money
to be invested , they just need the right place. India is coming up a as favorite
among foreign investors because of its land rates and available of large expanses
of open land property. Also once their financial consultants find the right papers and clear
off the documents there is no looking back and heavy investments continue pouring
from NRI sector in form of property investments.