Planning to buy a flat within 15 lakhs budget

Q: We want to buy a flat around 15 lakh in a under construction building. our monthly income is 20000. so can i get loan for this? what are eligiblities?

Uday kumar, Chennai

13th March 2014

Legal in Chennai

buying property

home loan

flat in chennai

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Replies (5)

Avadi is a developing locality with full of open space. The area is perfect for those working in Ambattur and the nearby industrial area. Avadi offers apartments configured as 1 BHK and 2 BHK, and independent houses spanning 400-800 sq ft of covered area within a budget of Rs 30 lakh.The area is accessible via the Poonamallee High Road and Chennai-Tirupathi Highway.

Sundar, Chennai

29th August 2015

Comment

Some of the good projects in Medavakkam are as follows:

1. Embassy Residency by Embassy Group,

2. Casa Grande Vogue and Casa Grande Avalon by Casa Grande Private Limited.

3. Urban Tree Oxygen by Urban Tree Infrastructure Pvt Ltd

Major builders in this area include Anu Builders, Rohaan Construction & Builders, and Vishnu Homes.

Venu Gopal, Chennai

28th August 2015

Comment

Medavakkam situated along the Velachery-Tambaram Main Road, Medavakkam offers residential apartments within a budget of Rs 30 to 35 lakh. Builder are offering 1 and 2 BHK unit of size 400 to 700 sqft either in the secondary market or are being offered by local developers.

Staying in the locality can benefit those working along the Old Mahabalipuram Road (OMR) and the Grand Southern Trunk (GST) Road. The area is well developed in terms of social infrastructure, featuring some good educational institutions, medical care facilities, banks and markets.

Abhineshwaran, Chennai

27th August 2015

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Hi All, I will be shifting in Chennai next month and I am looking for a home within Rs 30 lakhs. Suggest some good localities...

Ananth KV, Chennai

27th August 2015

Comment

Nice that you are planning to buy property in the Chennai but I think your investment decision would definitely define with your workplace. Capital prices in Chennai have increased exponentially these days and find difficult to find low and mid segment project but anyway few area such as avadi and Tambaram feature apartments and houses project within a modest budget of Rs 30 lakh.

Kushal, Chennai

27th August 2015

Few localities which are best for liveability with affordable budget are as follows:
1. Medavakkam
2. Tambaram
3. Porur
4. Avadi

Javed, Chennai

27th August 2015

Thanks, Even I thought so too.I would like to hear your opinions about this area and good project in these localities..

Ananth KV, Chennai

27th August 2015

On a monthly Income of 20k you can avail a home loan of upto 10 to 12Lks Max. if you have any other income like Incentives and Bonus and if you are receiving it consistently for the past 2 years then you can request for a slightly higher loan amount as well.

Finance Buddha,

14th March 2014

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