Why making more down payments is important?

All the customers who purchase property with the help of a home loan are requested to make down payment or margin money payment towards the sale consideration of a property. Usually before buying any property the vendee(purchaser) will finalize a property and pay some advance amount and get into agreement of sale with the Vendor(seller). Then purchase after applying for a home loan and at the time of disbursement bank will ask the purchaser to pay complete margin money which is done for payment to the vendor through bank. The margin money which the customer pays will stand as his own contribution in purchasing the property other than the bank loan.

It is always advisable to each and every customer to make more payment towards the margin money as it will reduce the EMI burden which the customer need to pay on Month on month basis. If the customers make more margin money payments he will have more no of benefits of which some are stated below.

•  Higher the margin money Lower will be the EMI 
•  Can opt for lower repayment period 
•  Interest Rate hikes will not affect the customer at any point in the repayment period 
•  Can save money and make part payments which saves interest on the paid amount 
•  Can avail home loan linked insurance at a lesser single premium 
•  If affected by any financial circumstances then customer can avail top-up loans on the property for a period of 10 years 
•  Lessee will be the banks processing fee 
•  Can avoid tenure hikes which happens by the interest rates revision

So plan accordingly before going for a home loan to make maximum down payment to be liability free for the complete home loan tenure.

Properties in Bannerghatta Road

Bannerghatta Road formerly known as BG roads starts from Adugodi and ends at Bannerghatta National Park covering a distance of 25km. Bannerghatta Road is a state four lane Highway of Karnataka covering main traffic junctions like JayaDeva Institute of Cardiology, N.S Palya, Arekere Gate,Hulimavu and Jigani Industrial Area etc. BBMP has taken measures of road widening to easy the traffic which flows towards the Bannerghatta National park contineously with underpasses.

With the arrival of Top IT companies like Infosys,IBM,Honeywell,Accenture, Cisco, Oracle,HSBC,Crompton Greaves, Educational Institutions like IIM Bangalore, AMC college of engeneering, ICFAI Institute of science and Technology,BGS National Public School, Hospitals like Jayadeva Insitute of Cardiology, Sagar Hospitals, Fortis Health Care Limited,Appolo Hospitals and  Shopping malls like Gopalan Innovation Mall,Royal Meenakshi Mall the BG road has seen a tremendous rise in the realestate prices compare to the year of 2005.

The BG Road is found and believed to be the one of the best localities in bangalore to live in with the layouts like Vijaya Bank Colony,Panduranga Nagar, Sarvabouma Nagar, Anugraha Layou,ranka colony etc.,developed with a perfect plan to satify the people who buys a property or who rents a property for both residential and commercial purposes.

Properties in Hosur Road

Hosur Road located in Bangalore the State Capital of Karnataka. It connects Bangalore in Karnataka and Hosur in Tamilnadu with an approximately 45km of distance. Hosur Road passes through Madiwala, Bommanahalli, GarvebhaviPalva, Kudlu Gate,Singasandra,Hosa Road and the electronic hub of bangalore The Electronic city. Hosur road is widely covered with residential localities and Industrail areas on both the sides. It is a 4 lane highway with 1 service road on either side and part of NH7. The elevated tolled express way was built on Hosur Road to ease the traffic towards Electronic city.

Hosur Road is coverd with educational institutions like The Oxforn Institute of Technology is located on Hosur road, Hotels like Ibis and Keys, Hospitals like lifespring, Live 100 etc. It has banks like ICICI, HDFC, SBI, SBM and shopping malls like Total.

Properties in Hosur Road are a good place to invest in with a min of 50% returns on it with a maximum lock in period of 6 years.

Radiant Reshan , Begur Road, Bangalore

Radiant Reshan Overview :

Come to think of it. Your home has all the amenities you'd dreamed about. It's built to the highest standards of quality. It is located amidst the IT corridor and closer to all the modern conveniences. More importantly, it is priced within your budget.

Still finding it hard to believe that such a home could exist? Well, Radiant Reshan, Yelanahalli, closer to Begur Road, off Bangerghatta Road, is the answer to all your desires.

Features & Amenities :

• Swimming Pool
• Children's Play Area,
• Park
• Joggers Track
• Multipurpose Hall
• Full Equipped Gymnasium
• Indoor games
• Generator Backup
• Intercom Facility
• Power Back up for every individual unit
• Round the Clock security
• 6 Passenger lift of Standard Make

Specifications :

Structure- Seismic II Zone compliant RCC framed structure, 6” solid concrete blockmasonry for external walls and 4” solid concrete block masonry for internalwalls, Elegant entrance-lobbies in Granite/Marble

Plastering- All internal walls smoothly plastered with lime rendering.

Flooring- Vitrified Flooring In Hall / Dining And Ceramic Flooring In Other Areas. 

Painting:Interior - Emulsion Exterior - Weather Coat

Doors& Windows - Main Door with Teak wood frame and OSTshutter, other doors with Salwood frame and flush doors with Enamel paint, Aluminumpowder coated windows with safety grill and glass panels. 

Electrical- Copper wiring for lighting, heating, TV and Telephone points 

Kitchen- Black granite platform with Stainless steel sink, 2 ft. height wall tilesabove cooking platform

ToiletFittings & Accessories - Ceramic glazed tiles dodo up to 7’0” height, EWC, wash basin, hot and cold mixer unit, CP and Sanitary FittingsOf ISI Make.

To check with availability and floor plans click here.