Thursday, December 13, 2012

Properties in Bangalore



Bangalore an IT hub of India has seen tremendous rise in terms of living standards and in terms of Economic growth in the last five years. This place was considered as one of the best place to settle down for a high standard of living. The real estate also raised along with the requirements of customers who like to purchase properties in Bangalore.

Real estate developments in the areas of Bannerghatta Road, Hosur Road, Sarjapur Road, Yelahanka etc are giving great returns to the buyers of properties in these areas. Properties in these areas have very good rental values which offer considerable contribution towards their home loan EMI which makes owning property a simple task to any buyer.

Banks have simplified their home loan terms and conditions to ease customer who look for housing loan to buy property in Bangalore and offering home loan at least possible interest rates and with maximum funding for a longer repayment track. The documentation is also very simple, customer need to submit his/her personal, Income and Property documents along with cheaque’s for repayment of home loan and banks will approve the home loan application if the application filed satisfies all the requirements as per their banking terms and conditions. The home loan will also give Tax benefit to the applicant on the interest paid up to a maximum of 150,000/- under section 80© of Income Tax act.

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