Skip to main content

The Scenario On Home Loans Thane City in the Year 2012

Home loans and home rates have been increasing steadily and with no hope for new buyers. The hope of any lowering of home rates has now been stabilized and there seems to be no benefit to the borrowers of home loans. Many unsold houses and lowered numbers of new home loan borrowers, all has led to a stand still in the housing sector industry.
The ray of hope from any changes in the home loan rates and home rates in 2010 from the Government have been to no avail. All the government policies though having changed considerably there seems to be no respite from the pressures of repayment of big home loans. The builders have stalled projects taking more time and delayed construction due to expenditure involved in processing and approval of registered construction societies , there seems to be a slack in the home loans scenario front.
Slim House in Japan

Till 2010 middle class people had the hope of purchasing new homes, maybe on the outskirts of the city, but now the rates have increased off hand and the budget on buying home seems to go haywire! Does this indicate that there is no movement in the housing sector? no. the black market is still flourishing and the only people still continuing to buy new properties are those who have money and need to invest in the housing sector. The movement is slow and gradual but many new buyers who are purchasing property are doing so for investment purposes and not for staying. Either the flats purchased are given on rent or kept locked for the property to appreciate in value.
Homes seem to be smaller and smaller with less carpet area available and there will come a time when houses will be compared to small nests. Area per square feet are increasing, and in many areas where we had enquired the rates were 2000 to 2500 just few years back have increased three and four folds making the rate 5,500 to 6,500 per square feet. The rates in Thane city have increased from 25 to 30 lakhs for a two bedroom hall kitchen to nearly sixty to seventy lakh rupees which is soon going to cross the crore line for bigger flats!
Many people who really need to buy homes are at a question whether this deal is worth it? putting lakhs of rupees and paying heavy interest rates on home loans and when the ownership time will come after many years, will the property rate appreciate so much so that they profit? think about it!

Comments

Popular posts from this blog

Get Easy Tax Concessions Bonus on Home Loans

Easy tax concessions are a added bonus with your home  loan. Purchasing a home has become the most sought   after   dream today. Our major salary can go in terms of repaying home loans. With property rates increasing day by day it is becoming more and more difficult to purchase a home even on loan. The principle amount is increasing and also the interest rate added puts a tight crunch on our monthly salary. Tax concessions and rebates come as a boon to lighten this burden a little bit. Is it possible to get tax rebate on the loan amount? Many of us are not aware that this is taxable income money and one can avail rebate on a certain amount. If all returns are filed regularly and all criteria for applying for a home a loan fulfilled then one can avail on tax rebate for a certain amount of the money taken as loan. The main criteria would be the loan has to be taken in the prior financial year and the project has to have a fixed date for completion. The possession of th...

JP Morgan Chase India History of Morgan Chase India

Financial advisors claim outside the Unites States India is one of the countries where financial investment available by this reputed US bank. With the Morgan Chase bank claiming to be more than 200 years old the JP Morgan Chase. !977 the Bank has grown into a global financial giant. At JP Morgan chase finding a right refinancing option and also pay back loans, yes being a Chase customer you get money back on your mortgage. For new residential first mortgage or refinancing of previous loan customer get this benefit of 1% cash back programme and is only eligible for them. In India JP Morgan chase has a very large network and is expanding in size as of globally also. Morgan chase has its root back from 1922 in India. This began when JP Morgan Company in New York and Morgan Grenfell affiliated partnership in London, showed partnership interest in Calcutta Merchant banking Firm of Andrew Yule and Company Ltd. ICICI was founded in  1955 with JP Morgan Chase as one of the founding share ...

Washington Home Loans

An interest-only loan has become a very popular choice of the many Washington home loans that are available.  What is making this type of loan so popular?  What other options are available to potential Washington home buyers. If you have a desire for a lower initial monthly payment, lower payments over shorter period of time, the possibility that if rates improve your rates could go down giving you lower payments, the fact you may qualify for even an even higher loan amount which would allow you to purchase a larger house than originally you thought this may be an option you should investigate.  There are a couple of other things you may need to consider.  Your payments may change over time.  There is also the potential for higher payments if the rates go up.  These interest-only loans normally interest only for a specific period of time.  The normal time is 4 to 11 years then the payment is raised to a normal level.  This type of an option c...