The Biggest Realty Magnets of India

Here in this blog, let’s focus of the reputed real estate companies from the north. Talking about the northern realty belt, the attention shifts to the Delhi/NCR region. Other cities are Jaipur, Chandigarh, Lucknow, and Kanpur among others.

Indian real estate market is on way to growth and development. After sluggish market in 2012, experts are hopeful of a busy 2013. The realty market is booming with many new launches in the residential and commercial segment expected in the coming months.  The top real estate companies in India are eyeing in newer locations, especially the Tier II cities of India.

First time buyers of property also prefer to invest in new projects of these companies. Regional property developers as well as national level companies are trying to woo buyers with many schemes.

DLF LTD. headed by Dr Kushal Pal Singh needs no introduction to those who are searching for property in India. Established more than 60 years ago, today the company is a well-known name to reckon with. The company is credited for developing parts of Delhi and Gurgaon. Presently the company has pan-India presence. Properties in residential segment by DLF include apartments, townships, villas and penthouses. Commercial properties include IT parks, retail spaces, hotels and entertainment centers among others. Visit the DLF New Town Heights in Gurgaon, a find example of luxury realty in India.

UNITECH headed by Ramesh Chandra, is a one of the well-known property developers in India. An ISO 9001:2000 certified company; the company offers diverse projects in India. From sprawling townships covering acres of land to high tech office buildings, Unitech’s buildings are find examples of modern architecture.

ANSAL API headed by Sushil Ansal is another reputed real estate company of India. The company has strong presence in Delhi/NCR; it is expanding to new locations such as Mohali, Amritsar, Ludhiana, Jalandhar, Jaipur among others. Some of the projects of this company include integrated townships, shopping complexes, malls, hotels and IT parks among others.

Omaxe LTD and Parsvnath Developers LTD are two more companies having earned good name in the northern real estate market of India.

Home Loans for your Dream House

Buying your dream house just got easier. With easy availability of finance schemes, purchasing property in India got a lot more relaxed and hassle free. Earlier, arranging finance for buying residential properties in India was not easy. Government employees did get benefits from their organization. However, for people engaged in private organization, buying a house was not that easy.

Now, home loans are easily available for private employees as well as businesspersons or self-employed. As matter of fact, there are so many types of home loans available in the India Property market that it becomes confusing to select the one that match according to requirement.

Most of the home loans available are for long-term period. Usually, borrowers take home loans for 10-20 years term. Since many take home loans for long-term period, it is very important to select the right finance option. The real estate market of India offers home loans from government banks as well as private finance institutions.

The home loans plans available are classified based on repayment tenure and interest rates. The first important factor the borrower should decide is from which financial institution avail the loan. This is one of the important factors as it becomes difficult to change the lender later. Home loan is long term financial commitment, so it is always advisable to do research before applying for loan. Borrowers should ask previous customers and follow their feedback.   

While selecting home loan for house/flat/residential property, also make enquires about interest rates. Usually government financial institutions offer lower interest rates that private ones. The interest rates differ from bank to bank. Also, there are floating and fixed interest rates on home loans, so it is always advisable to compare before applying.

 Other important factors include processing charges as well as hidden charges. Experts advise that it is better to go for longest loan amount tenure available as it reduces the EMI burden initially and increase the home loan eligibility.