Kinds Of Loans In India Against Properties

Ram India Group - Pune

India is a growing economy where the majority of the people are looking for properties, either  for  investment purpose or for making a property purchase for residence or both. The nation has caught the attention of many of the international investors who have plans to invest in property in different locations of the country like India.

Many of you would also be willing to buy a property in one of the cities in India but before you go ahead with buying a property in India, you need to have sound knowledge about the loans that the banks are offering and against what asset you can opt for a loan. In this blog we will be discussing about what are the different kinds of loans that you can opt for against various securities and then move on to the alternatives you can opt for loans other than the personal loan in the upcoming blogs.

Have you ever given a thought on what all kinds of loans are available for you in India?

These could be assets which you can mortgage as an existing asset and use to apply loan at a lower interest rate.

Basically, there are two kinds of loans, Secured Loan and Unsecured Loan.

Secured Loan: It is a loan where the loan lender has access to some sort of asset of the borrower which stands as a security for the lender in case the  borrower is unable to repay the loan. The lender in this case can liquidate the security asset and regain the full or partial amount of the loan granted to the borrower as this acts as a sense of security in Secured Loans and hence, the rate of interest is lower on these loans. 

Unsecured Loan:  In this kind of a loan the lender of the loan does not have any access to any of the assets of the borrower and in case the borrower runs away, the lender has no way to regain the loan sanctioned to the borrower and hence, due to this the rate of interest in this kind of loans are higher than that of the secured loans. 

If you are willing to make a property purchase with a real estate firm like Ram India Group in Pune, then you can apply for a home loan anytime after you have decided to acquire or construct a property, even if the property has not been selected or the construction has not commenced. Besides,you can also avail of the loan facility even if you want to renovate or extend your home.

We shall discuss about the different types of loans that you can opt for a home loan in our upcoming blogs. Till then stay tuned.

Read More :- 

1) Impact of increase in Stamp Duty in Maharashtra

2) Top three IT centric locations in Pune you may consider for investment

Impact of increase in Stamp Duty in Maharashtra

Many of us have been making plans of buying a property in a city like Pune for the past few years. However, due to some or the other reasons, could not finalize onto a property. But now that the scenario in the real estate industry in the city and the complete state of Maharashtra in general is not the same as few years back, people who have been showing interest in making a property investment or purchase may now have to dig their pockets for more money for the same property. The State government of Maharashtra has recently imposed a 5% of stamp duty on all the property purchases in the places that fall under municipal boundaries throughout the state.

Stamp Duty

However, this would result in a further rise in the price of the property, the overall effect of only this would not have a huge impact. For an example, if we consider a property worth Rs. 50 Lacs located in within the municipal corporation limits of the city named “ABC”, the total cost would add up by only 0.34% for the one who is buying that property. This would happen if it is properly analysed keeping in mind the rise in stamp duty. Also, a similarly costing property is situated in the municipal council’s limits, it would charge a lesser stamp duty , say 4%, and even lesser, if it is situated in a Gram Panchayat where it would be just 3% or so. If you are a potential buyer and want to buy property in locations that fall in the outskirts of the city, then it would prove to be beneficial for you. These locations in the outskirts of the city would have many projects which are under construction that provide houses in affordable rates and low costs.

However, if you feel this is it to the impact of the increased stamp duty by 5%, then you may be wrong at the moment. As a buyer, you will still have to take into consideration the overall impact of this increase in stamp duty which has been recently proposed to be taxed at a raised rate referring to the measures brought in by the Central Budget. The increase in the service tax for property buying and commercial lease undertakings will also add to the total cost of the property. Hence, when we look at all of these factors, they may surely cause some intensity in the prices of the properties.

Read More:

- Top three IT centric locations in Pune you may consider for investment

- Factors to be considered before opting for a home loan

Top three IT centric locations in Pune you may consider for investment

Pune’s real estate scenario has been witnessing rapid growth and changes owing to the presence of many international and domestic IT companies the lure techies from overseas as well as the young country minds. Ram India Group with over decades of presence in the region has been well known for bringing about developments with an innovative design, quality construction and presence in prime locations. The investors are indeed offered with value for money deals are stand true to customers delight. Apart from residential, the group also takes pride in offering commercial spaces measuring up to 3, 00,000 square feet.

Be it a first time investor or an experienced one, buyers are often faced with the location dilemma when it comes to investments. Some of the top places in Pune that you may consider for investments are –

Baner – Baner has witnessed a steady growth in the real estate prices owing to many international and domestic IT companies sprawling in the vicinity. Until not long ago, Baner had been known to offer homes to the mid-income segment. Lately, it has seen appreciation of about 20-25% as it continues to benefit due to factors such as serenity of location, presence of good social infrastructure, proximity to the Pune-Mumbai Expressway and the thriving IT hub at Hinjewadi. Moreover, its easy accessibility to Central Pune has also boosted its demand.

Pimple Nilakh - Located in the western part of Pune, Pimple Nilakh is indeed a suburb situated in the Pimpri Chinchwad Municipal Corporation’s jurisdiction. Owing to its proximity to Hinjewadi IT hub, the city has emerged among one the fastest-growing locations in Pune. Pimple Nilakh also enjoys good peripheral availability of the social infrastructure as compared to its neighboring areas.

Charoli – The city has been known to cater to the needs of mid-income segment involving professionals from the IT and manufacturing/industrial sectors in Pune. The growth in demand for affordable housing needs has indeed given a new lease of life to Charoli. Moreover, the strategic location of this city offers you easy access to railway station, IT hub at Kalyani Nagar and the airport.

Read More:-

A brief insight into Unnati Heritage by Ram India group

Factors to be considered before opting for a home loan

Ram India Group - Pune

Ram India Landmarks Limited has earned a reputation for itself over distinctive creations in the real estate sector. The group indeed takes pride in announcing completed as well as ongoing projects in several parts of Pune that range from large realty developments to exclusive residential creations. Customer service has always been a priority for the group and each customer is personally attended and assisted right from concept to completion stage. Quality construction, affordable costs and prime locality presence is indeed what lures investors and customers towards properties by Ram India Landmarks Limited.

Some of tips that may be helpful before you opt for a home loan are –

• Do a detailed research - Modern day loans are made quite attractive for the buyers with low interest rates and additional schemes. Therefore it is better to educate yourself about the terms and conditions of each loan agreement so that you are prepared beforehand. Clarify all your doubts regarding the loan scheme before you finalize anything and don’t hesitate to ask questions to the sales person even if you have the smallest difficulty understanding a particular clause.
• Negotiate on interest rate- Yes this is possible! Banks and financial institutions may always state that interest rates are non-negotiable, but yes sometimes they do make slight adjustments to give a best deal to you. Most often this is done once you have finalized the property and need to buy it soon, apart from this, during month end when sales targets are supposed to be achieved you can indeed drive a good deal.
• Check EMI’s thoroughly – Studying EMI’s well in advance is not a bad idea. Calculate it thoroughly setting aside your regular monthly expenses. Once you have calculated all parameters only then decide to opt for a home loan as this would run into quite a long duration. 
• Read the agreement patiently – It is indeed important that you read the fine prints carefully before agreeing and signing upon any document. Do not go by what the sales agent or financer says, as in the end it’s the rules stated on the signed document that would be considered and not that unknown fellow nods his head to. Also, check for additional charges inclusive if any to process you loan application.

A brief insight into Unnati Heritage by Ram India group

Residing in a beautiful home surrounded with natural ambiance is indeed a dream that has been imagined by many but has been a privilege of the few. The Ram India Group offers projects that stunningly designed and are indeed a cut above the rest. The qualities that are hard to miss when you first visit the place are - luxury, style, quality construction, excellent locations, aesthetics and affordability. Every detailing work has been undertaken with perfection to ensure that as a customer, you get a value for money deal.

Unnati Heritage - Ramindia Group

The Unnati Heritage project located in Market Yard locality indeed puts you right in the heart of the city. the place is well connected to other cities as well as it is surrounded by spiritual abodes such as Shatrunjay Teerth, Agam Mandir, lskon Mandir, lush greenery and breathtaking view of the verdant hills surrounding the area . The group has always stood out for excellence and credibility; therefore its developments speak out the best in terms of architecture, luxury, style, comfort, convenience, security. Owing to Verdant hills close proximity, investors would indeed be greeted every morning to the sight of hills in the surrounding areas.

Speaking of amenities the ready possession Unnati Heritage project by Ram India group comes with –

• Intercom facility

• Earthquake Resistant Structure

• Satellite TV connection

• Designer entrance lobby

• Clubhouse with indoor sports

• State of ART Fitness Center

• Garden with children Play Park

• 100% Power back for Lift & Common Area

• 24 × 7 Hi- tech Security

• Internal Tar Roads

• Attractive Entrance gate with Security Cabin

• Anti termite treatment for foundation

• Designer Name Plate with letter Box

• Rainwater harvesting

• Fire Fighting System

• Anti Skid floor tiles have been used in terrace for maximum safety 

• Adequate parking space for two as well as four wheelers in the premises

Sampanna Homes by Ram India offers a unique living experience

Sampanna Homes - Ramindia Group

When it comes to real estate developments in Pune, be it in residential or commercial projects, the Ram India Group indeed stands tall amongst the rest. Be it a customer interested in a commercial project or a residential one, the group has a warm and one-and-all feeling towards all. The group also believes in having a highly professional approach right from its concept stage to its evolution. The group also has strategic tie ups with banks and other financial companies to help investors get a best deal. Also, a dedicated team of experts give out information pertaining to Parking norms, tax types, stamp duty and Registrations etc.

Ram India group’s over 15 years of existence is clearly reflected in Sampanna homes located in Manjari, Hadapsar. The Earthquake Resistant Structure is indeed its biggest unique selling preposition The project offers an affordable luxury home benefits and comes laden with all the modern features such as –

• Broadband connectivity and Internet Facility with Telephone Line

• Lobby sports Designer Entrance feel

• Club House with indoor Games

• Health Club with State of Art Gymnasium & Steam Bath

• 100% Power Back for Lift & Common Area

• Swimming Pool with Separate Splash Pool for Kids

• 24 × 7 Hi-Tech Security

• Internal Tar Roads

• Attractive Entrance Gate with Security Cabin

• Anti Terminate treatment for Foundation

• A designer name plate has been provided with a Letter Box for your convenience

• Rainwater Harvesting, Fire Fighting System are in place. 

• Lift Two Lifts for each Building with V3F Drive has been provided. Lift feature power backup facility & also gets an Intercom

• For added safety Fire-resistant Cables with Concealed Copper Wiring has been provided along with use of modular switches. 

• The bedroom gets Provision for Air Conditioning, Telephone and Satellite TV Connection, 2 way Control for Light and Fan

• Designer Door Locks

• Master Bedroom with Wooden Finish Tiles

An overview into Ram India Group

Unnati Previlege - Ram India Group

Ram India Group has been a popular name amongst real estate developers in the Pune region. The company has been known amongst its peers for delivering distinctive creations. The projects undertaken by the group have indeed been positively contributing to the Pune’s ever-growing skyline projects. The group has been working on projects ranging from commercial to residential   projects in the region.

Sampanna - Ram India Group

The Ram India Group ventured into real estate way back in 1991 and since then the group had no looking back and delivered some of the best designs in their projects. The group has also been known for quality construction, excellent locations, professional service and complete customer delight. Sometime in the year 2000, Ram India Group ventured into Construction and Warehousing Activity along with a string of prestigious projects that took shape, beginning with a 3, 00, 000 sq. ft. warehouse which is rented to reputed companies. Based on concepts of Pace, Passion and perfection, the group’s projects are indeed one of a kind. Guided under visionary leadership values the group has been growing fast ahead with times. The group has about 3 projects that is ready for possession namely – Unnati Heritage, Unnati Privilege and Sampanna Homes.

The Unnati Heritage project is based on the heritage philosophy wherein you acquire, preserve and pass it on to the next generation. Such a precious heritage uplifts your life to heights of new joy. The project offers homes crafted with care, concern and class, to cater to all your comforts and conveniences. Elegant elevation, quality specifications and excellent amenities are the Unnati Home highlights. Unnati Privilege offers stylish 1 & 2 BHK Apartments that have been designed to offer you quality living experience for your family. The homes here are enriched with nature and other lifestyle amenities. The Sampanna Homes comes loaded with modern facilities and security amenities for you and your family.