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individual home / flat once again needs to serve your
unique needs and requirements. However, what each flat
should provide is adequate light and ventilation, as well
as, privacy. |
1. |
Leading Developers |
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| You can contact leading
developers at their corporate office or site office
or via email. For more information on their ongoing
projects you can also visit their websites. |
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2. |
Brokers |
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3. |
Housing Finance Companies |
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a. |
Typically, housing
loan companies and institutions analyse your income,
age, number of dependents, monthly outgoings, etc.
to determine your repayment capacity and hence the
quantum of loan to be sanctioned. It is therefore
important to present a very clear picture. |
b. |
Normally
a property purchased becomes the security for the
loan sanctioned and is mortgaged to the lending
institution. In some cases to assist you in taking
a larger quantum of loan, the lending institution
may insist on additional security and / or guarantors. |
c. |
Normally if you
have given all the papers an institution does not
take more than 5 to 10 days to process your application
and sanction your loan. |
d. |
Most institutions
are willing to consider joint incomes of applications
in the case of joint application for deciding the
loan amounts. Some institutions do not charge a
co-application for paying co-owners of the property
being purchased.
Click
Here to view the documents for housing
loans.
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4. |
Media |
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You can also keep
abreast on the recent developments in the real estate
sector and various developers in leading national
Dailies like Times of India, Hindustan Times, The
Hindu, Telegraph, Statesman, Deccan Herald and DNA.
All leading financial newspapers such as Economic
Times, Business Line, Financial Express, also have
detailed section / articles on real estate.
You can also get area & city specific information
in their Property Special Supplements such as TOI’s
Times Property, ET’s ET Reality, Hindu’s
Property Plus, HT’s Estates, Propertt of Telegraph,
Deccan Herald’s DH Realty, DNA’s Brick
& Mortar. |
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5. |
Friends and Family |
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| If you know of any
of your friends / relatives who are also in search
of buying a new house you must compare notes with
them. The reason being that they must have also
done due diligence and research before finalising
/ rejecting a developer. You must also speak to
some of your friends who may have recently bought
/ moved into a complex. Their experience in dealing
with their developer will help you in taking a more
informed decision. |
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