Watched World Wide -

Wednesday 15 January 2014

Low Housing Interest Rate Like Never Before


Housing Loan Lowest  Interest  Rate in Pune,

                                             Coming to Other Cities too


Major Housing Loan providers have come down to extend support for all those Home buyers waited outside  due to pricing and Interest  rate worry.

Is this going to be a fulfilment day for the House hunters, worried about the EMI all this days.

ENJOY  the ONE Pull – Double Strike

      a) Lowest Offers , during this Sky rocket                           pricing in  Realty Sector

       b) Banks  giving way loan at 7.5%, Ignoring                        the  existing rate at  12-14%.



Housing sector in Cities always add Confusion those days and even now. 

Have a look at those Twenty Years of  Bumpy ride of  Housing-

20 years back I paid 18% to a Private  bank –  Manager sitting behind Huge Cash register, Spreading in front of me,   as soon one enter to pay the Monthly Installment.

EVEN  I’m  late to Pay  THANKS GOD there was no Mobile and SMS – Only REG letter which they enjoy sending  it , because  that too was a  profit  earning  side seller.

15 Years behind this changed to 14 -15 %,  When foreign Investment banks entered to India.
           Rarely any one  talk comfortable  when comes to Housing loan and Interest rate  EMI.

Back to year rates  12-14 percent even nationalised bank stepped in though no one find eligibility.

8%  During the Crash of the market- new   “ fundas”  like floating, permanent many more.
I don’t think any  Financial Guru  can read the 32 Page legal condition before Signing, to know what can happen to my property tomorrow.
Back to 11 and 13% rates existing now, Very few are going to enjoy this 7.5% RATE.

SBI never practiced such advertisement  till now , with the association of  HDFC mastered in such mountain high misguiding  ADDS. Is this a survival technique for Banks_ or a blind approach to the add nature of Buy ONE _ Get  ANOTHER FREE.

Exhibitions  look for Crowd for the Shows, But this are not such show that one spent 1000 INR and Ignore,  Signing a document , throwing  a 5 to 15 lakhs in to Unknown  Sharks Mouth.

Will the  Buyer  be aware of this   Drastic OFFER  comes with the Booking ?
Where will once Loan rate stand  after 2 Years ? 
Will I be the most Punished Home Buyer By signing this TWO Banks Documents?
No one will understand other than the Content  drafted  bank’s Lawyer.
Why  this Sweet pills now for our Housing Finance?

        This is  because the  NRI’s  3% loan pick from US, UK an UAE is Over?

                                              OR
        Bank want to Release there Finance  Invested  with Developers?

                                              OR
        We are closer to a “Big bang” after US Housing / DUBAI  Infrastructure /  Indian                                                                                                                                           Housing?
                                              OR
        With next  fall  we will  see the same  3 % housing loan in INDIA.


My Fellow friends read the  fine  Print on  document , Sign and own a Flat _  Nothing can come to your door step better than this in _ INDIAN HOUSING PLATTER.

LOOKING FORWARD  for the  HOUSING  EXHIBITION  17th and 18th organized by CREADI PUNE

Dream House Property _ Comes true  during the beginning  of  2014 – Hope Our Finance Minister and  RBI  watching  this financial  relaxation  in PUNE , want to share with other CITIES too.

No comments: