Having No Pre-EMI while buying houses

Many builders selling residential properties in Karnataka, Kerala and Tamil Nadu have the offer of having no Pre-EMI while buying houses. Many people might be confused about the advantages about having no Pre-EMI; this week let us take a look at what no Pre-EMI means.

No Pre-EMI is a scheme wherein the builder basically takes up the burden of the buyers and promotes better buying opportunities for the buyer in the fluctuating market trends. The buyer will have to pay an upfront amount while buying a flat and the payment might range from 5% to 20% depending on the builder. The EMI payment will start only after possession of the house. Till the time of possession, the builder will have the burden of EMI and pay it to the bank.

The builder might either pay a part of interest and principal on your EMI to the bank in a reducing format for a fixed period of time or they pay only the interest and the principal amount is deducted from your loan account. Verify what kind of payment is being made at the time of agreement itself.

The buyer has a better financial planning and get to build up resources for future payments and on the other hand the builders have the pressure to finish the projects on time and so the buyers get surety that the project will be handed over on time.

When a buyer pays down payment on lower price of the property which will appreciate through the time, they also get the advantage of project appreciation with benefits of building up payment resources!

No Pre-EMI is a definite advantage to the buyers when it comes from a good and trustworthy builder like Sowparnika!

Ready-to-occupy benefits

There are many types of residential developments in southern India which are promoted by famous builders from all over the country. This week, let us take a look at the benefits of ready to occupy homes.

Homes will be available in various stages ranging from pre-launch stage offer to completed ready to occupy homes. Every type of house has its own advantage for different kinds of buyers.

When looking at ready to occupy homes, one has the primary advantage of looking at the completed property and knowing the quality of construction. Completed amenities give a better picture and let the buyers have a better touch and feel of the property in which they are investing in.

A ready to move in a property will have lesser price fluctuations when compared to ongoing projects and other types of constructions. Ready to move in properties also provide more monetary and financial benefits like tax advantages to first time home buyers, an immediate rental advantage for second-time investors and more benefits for all investors by avoiding delay of project delivery.

If you are a first-time investor looking to move into a new home at the earliest and gain many financial advantages as possible, then, ready to move in homes are definitely your go to option.

Advantages of living in an apartment

Living spaces and their styles have been changing over the years as people are adapting to the new designs and modern infrastructure to have a better blend in with the world around them. Sowparnika’s residential apartment in Hoskote Bangalore and other states like Kerala & Tamil Nadu have also made sure to adapt to the changing trends in housing.

First, people used to prefer independent housing over living in apartments. But due to many reasons like space crunch in big cities and increased financial appreciation of many properties, people have succumbed to buying apartments which are ideal for their lifestyle in cities like Bangalore.

Living in apartments has many advantages starting with having a pre-planned setting which can be bought by us easily. Most apartments are well planned with modern amenities and resident's convenience in mind. Living in such residences will be less stressful than constructing an own house and moving in.

Security is another major advantage of living in apartments. All apartments nowadays have state of the art security system all the time. People need not worry about having a security of managing who come into their residence etc.

Living among like-minded people is a main added advantage of living in apartments. You get to see and know people who are from the same place and have more or less same interests. Because of this, kids will also have good company as they will have many friends of their age to mingle with and spend time.

The common amenities like Gym, Swimming Pool and Club house also add to the advantage as if a person lives in an independent house, having such amenities and maintaining them a difficult task. But, in apartments all maintenance is done by a central system.

With so many added advantages there's no doubt that apartments are the residential spaces of today and the future!