Immediately after demonetization, I shared a post, Impact of Demonetization on the Property Market. The key takeaway was that property prices will correct up to a prevailing black component in each area. Secondly, I mentioned that there will not be any impact on the end user markets. Post demonetization, the buyers are in a fix whether to buy a property or wait for some time. I can conclude the same based on the no of queries received by me in last few months. The greed and fear are playing a major role in the current scenario. It's a mind game that is played by the builders, property agents ... Read More
Buy Property And Double Your Investment – Do You Really Believe
Are you planning to buy property? Buy property in a project A or project Z to double your investment in 18/24 months. I am not suggesting you buy property in these projects but sharing excerpts of a pamphlet on my doorstep. Coincidentally, the same day two readers of this blog posted a query wherein they were trapped in a similar scheme. I tried to find out more about these schemes and thought of sharing my findings with the readers of this blog. Firstly, let me ask honestly do you really think that someone can double your investment in just 18 months or 24 months. If the answer is NO then i ... Read More
Revised Guidelines on Home Loan from HFC
It's all over for small HFC's (Housing Finance Companies). As i highlighted in my posts Home Loan from Housing Finance Company and Subvention Schemes that higher Loan to Value ratio and Subvention schemes were 2 critical USP's of the HFC's. In comparison to banks, potential borrowers preferred HFC / Housing Finance Company because of higher home loan disbursement. It was also beneficial for builders as HFC's were disbursing substantial Home Loan amount upfront to the builders under subvention schemes. RBI already banned subvention schemes for banks. HFC's are governed by NHB therefore they ... Read More