Buying A Home

Owning a property makes more sense than staying on rent
October 21st, 2014 | 6:09 am

By Harsh Roongta Whether to buy aproperty or rent one is an age-old debate and it is unlikely to be settled in a hurry. One can do very sophisticated calculations to show that renting is a smart option. Some equally valid and complicated calculations will show that buying makes more sense. A lot of calculators […]

Don’t let real estate developers spoil your home dream
October 21st, 2014 | 6:06 am

By Amit Shanbaug,ET Bureau Satish Menon, 68, and his wife Vijaya, 64, have been waiting for nearly 12 years to move into their new home. In 1999, they had booked a 2-BHK house in Navi Mumbai, measuring about 800 sq feet. Even though the building is almost ready, they haven’t got possession of the house […]

Ready homes find more buyers than under-construction flats
October 21st, 2014 | 5:57 am

Six months ago, Amish Kapoor turned down an offer from a Noida-based broker for a ready apartment, saying it was priced more than the market. The 30-year-old, who works as a flight steward with an international airline, said he would rather go for an under-construction flat, which came a tad cheaper. He is now ruing […]

Switch your home loan, if rate is above 12%
September 9th, 2014 | 10:51 am

Last week, SBI offered its existing borrowers to switch to a lower rate. Other banks too have cut home loan rates Last week, the country’s largest bank, State Bank of India (SBI), decided to reduce the interest rate burden of existing home loan borrowers by allowing them to switch their loan to a lower interest […]