Browsing: home

[ad_1] Do you have a home loan outstanding or are you planning to take a home loan? If ‘Yes’, do you really understand the nuances of how a home loan EMI works?  Let’s find out.  Try and answer these 3 questions.  Assume you have taken a home loan of Rs 50 lakhs at 8.50% interest for a tenure of 20 years with an EMI of Rs 43,391. Question 1: In the first 5 years you would have paid a total EMI of ~Rs 26 lakhs (read as more than 50% of your original loan amount). How much of your principal…

[ad_1] A home renovation loan is a type of loan that is used to finance the renovation or remodeling of a home. This type of loan is specifically designed to help homeowners cover the costs associated with making upgrades or improvements to their home. Home renovation loans are a popular financial product in India, as many homeowners seek to make improvements and upgrades to their homes. Most banks, non-banking financial companies (NBFCs) and housing financial companies (HFCs) provide home renovation loans either through their regular home loan product or as a separate offering within the broader category of home loans.…

[ad_1] It can be challenging to handle multiple home loans when interest rates are high and you have no additional income to manage higher interest rates. There can be several other challenges of having multiple home loans, but if you can club them into one, then it can allow you some breathing space. What are the options? If you want to combine two different home loans into a single loan, you can do it by using the debt consolidation approach. Let us understand the different ways to consolidate the two home loans and save money. Debt consolidation approach When managing…

[ad_1] In the present scenario, people search for a developed housing society as they desire a quiet, comfortable and serene environment to have a luxurious yet carefree living experience. Choosing an ideal housing society that is reputable, trustworthy and provides an exclusive lifestyle could be a daunting task. Everyone aspires to live in an ideal housing society as it plays a vital role in shaping the quality of life, provides comfort and is also responsible for the overall well-being of residents. Most importantly, a housing society with excellent characteristics will attract customers to participate and experience a comfortable yet stress-free…

[ad_1] When it comes to transforming your home interiors or giving your walls a fresh coat of paint, hiring professional organized players can provide numerous advantages. Their expertise, attention to detail, and efficient approach can significantly enhance the outcome of your project. In this listicle, we explore five compelling benefits of enlisting the services of professionals for your home interiors and painting needs. Superior Quality Results: By hiring professional organized players, you gain access to experts in their field who possess extensive experience. Their skilled workers are well-versed in the best techniques and use quality materials. They meticulously pay attention…

[ad_1] Injury-Proofing your Home: Tips for a Safe Living Environment Introduction: Creating a safe living environment is essential for the well-being of you and your family. Home injuries can occur at any age and can be caused by numerous hazards lurking in our houses. However, the good news is that by taking some preventive measures and following a few simple tips, you can injury-proof your home. In this article, we will provide you with valuable advice on how to make your home a safe haven, ensuring the safety and protection of your loved ones. H2: Tips on Injury-Proofing your Home…

[ad_1] Owning a holiday home is a dream for many people. It can be a great way to relax and escape from the hustle and bustle of everyday life. However, buying a holiday home is a big decision, and there are lots of things you need to consider and do before you take the plunge. Though in India this concept is slowly getting popular but owing to higher cost of holiday homes and exiting debts, it is still a distant dream for many. Some people use holiday homes to make additional money. They use their houses as homestays and rent…

[ad_1] Backed by strong jump in residential sales in National Capital Region and Mumbai Metropolitan Region, residential sales in Q4FY23 in major cities posted the best-ever quarterly sales in at least 16 years, a stock brokerage report said on Tuesday. Residential property sales across major cities rose 16% yoy and 2% qoq to 241 million square feet in 4QFY23, said Kotak Institutional Equities. ” This (the growth) was supported by strong demand in the NCR and MMR, with sales of 25 million sq. ft (up 61% yoy) and 40 million sq. ft (up 14% yoy), respectively, while Bengaluru at 20.5 mn…

[ad_1] Homes in the country’s costliest real estate market continue to see a decline in their average size. As per an ANAROCK Report, even as the sizes of apartments in the country’s top seven cities grew 7% in the last five years — from 1,150 sq ft in 2018 to approximately 1,225 sq ft in Q1 2023 — the Mumbai Metropolitan Region ( MMR) was an outlier with average home sizes reducing around 20%. “MMR is the only city where the average flat sizes reduced in the last five years, from 932 sq ft in 2018 to 743 sq ft…

[ad_1] Some housing finance companies have started offering home loans with a maximum tenure of up to 40 years. Should you take it? Ideally, you should avoid taking very long-term home loans. Read on to find out the reason and sample calculations to understand. Taking a very-long term home loan can reduce your home loan EMI burden initially. But in the long run, the overall cost of a very long-term home loan will be very high. Let’s understand this with an example. As of now, various lenders are offering home loans at around 8.5% to 10.25% annual interest rates. Suppose…