Buying A Home

History of Vastu Shastra
October 21st, 2014 | 6:16 am

Vastu Shastra has been a part of the Indian culture for thousands of years. Even today people consult Vastu experts before buying a new property. Vastu Shastra has its origin in Sthapatya Veda which is a part of Atharva Veda. The early principles were drafted according to the sun rays and their differing positions at […]

Should you shift to lower home loan rates or switch lenders?
October 21st, 2014 | 6:11 am

Thousands of State Bank of India’s home loan customers were in for a pleasant surprise a couple of weeks ago. The public sector giant addressed their long-standing pet peeve by providing an option to shift to lower interest rates after paying a conversion fee of 1%. This will mean reduction in equated monthly installments (EMIs) […]

Plan for extra costs before buying a flat
October 21st, 2014 | 6:10 am

Vidyalaxmi, ET Bureau Why does the payment schedule of your house read different from the figure you had in mind? Most probably because you have done your mental calculation by just multiplying the total area with the cost per square foot. However, the total cost of your flat is not just a function of the […]

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 […]