Latest Answer: Hi Sagar, Actually I am buying independent two floor house. In this could please tell will there any problems for loan or legally if documents are correct.
And advice me what are precautionary measures I have to take care. Thanks in advance.
Thanks to Krupa also.
Latest Answer: The area started witnessing rapid growth after the establishment of International Tech park in 1996. Today it has become a hot destination not only for IT professionals but also for people coming from all over the country seeking to engage in the prosperity of the Silicon Valley of India.
The area tops the buyers favorite list as it is close to IT hubs. The property price rise in Mahadevapura is because of the recent availability of ready-to-move-in units by two big developers, Prestige Group and Brigade Group.
Q:Rohan in their website says they would provide a 1KW backup for each apartment in Avriti. However the construction agreement drafted by Renaissance (I am buying an apartment from the land owner's share of Rohan Avriti) states that backup would be just provided only for one light point in each room (no capacity mentioned). Renaissance does not want this statement changed in the agreement (Not sure why). Can any of you who have bought apartment from Rohan clarify the statement used in your construction agreement?
Q:Hi,I'm 25 year old working in an IT company and my father is 52 working in BSNL. Our gross income is 12 lakh per annum. Together we want to take up a home loan. Please let me know what is the maximum loan amount that can be disbursed and the applicable tenure? Also, what happens to the loan amount when my dad retires at the age of 60?
Latest Answer: If we are considering your Dad’s income for Loan eligibility calculation then the maximum tenor that you can avail will be limited to the retirement age of your Dad. So you will get a Max of 8 year tenor for your home loan. Some banks can give you a tenor extension of 2 years and make the total tenor to 10 years, cases like these are subject to deviation and basis the profile of the customer the banks will be willing to look at a higher tenor as well. For ex If your percentage contribution to 12Lks is more than 50% then we can always negotiate basis future increments that will happen in your salary over the next 8 years which will be substantial enough for you to handle the EMI independently even after your fathers retirement. But as we have specified since this is a deviation the case has to be presented to the credit officer separately for consideration or else as per the standard policy you can only get 8 to 10 years Max
Q:Hi,I want to know more about the maintenance charges mostly followed in bangalore apartments. On what basis the maintenance charges are calculated using per sq.ft. area of an individual's home? Maintenance charges are applicable to the maintenance of common areas like entrance corridors, play area, usage of other amenities etc. Please let me know where does the question of per sq.ft. area of an individual's home come into picture here. Thanks
Latest Answer: Thank you Kanthi for your reply. I have already read this article. But my question is; why do associations follow the method of "per square feet". Since the maintenance charges are collected to maintain the facilities and amenities which are common to all the people in an apartment, it should be divided equally by the number of flats. How does it relate to one's individual house area? So for example; if an apartment has basic facilities that include electricity consumed for common area lighting, lift, pumping water to overhead tank, and security guard. The expenses incurred for these facilities should be divided equally among the owners/tenants regardless of square feet area of one's individual house. Please let me know if my understanding is correct. Thanks.