
Pune showcases the perfect amalgamation of the new and old India. Previously the city was a famous recreational spot for the older generation who bought houses in the city to live in seclusion after retirement. But in recent times the trends have changed with a large influx of younger people in the city on the purpose of work and education. It is one of the fastest growing cities of India and is becoming the next IT hub. Pune is also famous for a lot of educational institutes established here and you would find the city brimming with students. The huge surge in population has led to a great demand in residential property in the city. Ganesh Imperia Wakad is one of the top residential apartment choices.
Buying your own house is a luxury in today’s age. With the continuous rise in property prices it has become virtually impossible to invest in a new home without having to take a Home Loan. Home Loans may some like a lucrative deal but it comes with huge long term responsibilities. So before jumping in to get one the buyers should have a thorough knowledge about every aspect for Home Loans. Choosing the collect lender is of utmost importance as one has to go in for a long term relation with them. Buyers should compare the not only the interest rates of different banks but also look in to the other features like past base rate trends, customer services provided by the bank, processing fee charged etc. Before opting for a Home Loan one should always get an idea as to what amount he/she needs to pay per month. It is beyond a person’s reach to take a loan on a new home without the adequate income. Pre-calculation of the EMI using Housing Loan EMI calculator would not only give you the budget that you can spend on for your new home but also makes it easy for the borrower to get the loan sanctioned from the bank. Also it is not necessary that one should opt for lower EMIs for a longer tenure. If they are financially stable one can easily opt for a larger EMI can repay the loan quicker. There are numerous Home Loan eligibility criteria calculators that are on offer to help buyers understand the requirements which differ from one lender to another. One should be well prepared with these before opting for the loan. Home Loan interest rate is one criterion every borrower should look into carefully before loan procurement. One can either opt for a floating rate or a fixed rate Home Loan, each having its own pros and cons. Fixed rate is more advantageous in case there is a hike in interest rate as this leads to continuation of EMI payments at the old lower rate. Floating rate on the other hand tends to be beneficial when the interest rates lower down during fluctuation. Also a common myth about fixed rate is that it remains constant throughout the tenure of the loan but in reality it generally remains constant for only 3-5 years.
The Pradhan Mantri Awas Yojana (PMAY), previously known as the Housing for all scheme, was introduced in 2015 with the main objective to provide affordable homes to every Indian citizen. The primary aim of the scheme is to build 2 crore houses across the nation’s length and breadth. Under the implemented scheme (to last for 7 years) the Government provides central assistance to urban local bodies (ULB) and other implementing agencies through States and Union Territories.