Investors want to invest in properties in Gurgaon

My friend have different plots in the prime location of gurgaon. Should he sell it off presently and how?
My friend does not believe on posting requirements on property sites nor speaking to a property dealer although some are really good. How can we get genuine and real interested people who might buy it?? can somebody send us interested people. can email me.
if he is in urgency he can sell. provide me the details in mail. i will assist. if he is not in urgency he can make joint venture and get better deal than the outright sale.

Can anyone give me a group of investor who want to invest in Properties of Gurgaon?
Please contact if any one want to invest in properties of gurgaon at 9910273906 gaurav(property consultant)
Yes,I want to invest a few $million with you, now that I have seen your avatar on this page, but which side of Mars is Gurgaon on?

Commercial Land, Agriculture Land, Residential Land & Farm House Land in Gurgaon,Delhi,Rajasthan,Bhiwadi India

Here are some interesting real estate project in Gurgaon:
Ild Spire Greens Gurgaon
Tata Raisina Residency Gurgaon
Unitech Fresco Gurgaon
Dlf Town Houses Gurgaon
New projects in Gurgaon

Time duration that we need to invest the amount we get from a property sold

What is the time duration that we need to invest the amount we get from a property sold. (INDIA)?

Hi, What is the time duration that we need to invest the amount we get from a property sold. Apartment sold now how much time will i have to buy one without any issues with taxes. Short term capital as i sold it before 36 months. Any ideas…
Read carefully. If you purchased the property, that you are planning to sell (or have sold), at least 3 years before the sale, then there is no short term capital gains tax. However, if the property in question was acquired by you less than 3 yrs ago, then there would be short term capital gains tax. To save that tax you will have to re-invest basic amount and profit (after deducting any interest paid for loan) in a new property. You will have 12 full months for this transaction. Example, if you sold the property on 15th July 2008, you can buy the property latest by 14th July 2009. The dates are taken from the date of registration of the documents with sub-registrar’s office. The other option is to re-invest the money in Capital Gain Bonds, like the ones offerred by Rural Electrification Board ot NABARD. Note that the ROI will be to the tune of 5.5%. But there will be no Short Term CG Tax. ATB

Here are some interesting real estate project in Gurgaon:
Orris Carnation Residency Gurgaon
Ramprastha City Edge Towers Gurgaon
Unitech Nirvana Country 2 Gurgaon
Dlf New Town Heights Gurgaon
Dlf Express Greens Gurgaon

I took loan from GE Money India Home loan?

Currently am paying 13.5% interest rate however others banks are offering with less interest rates, is there a way for me to change my banker

You can always refinance your mortgage through another bank. Just do some searching and see if you can find another bank that is offering a better deal and talk to a loan officer about the possibility of having your mortgage refinanced.

Please specify the bank name in India which is offering lowest interest rate for Housing Loan?

I Bought a flat by Home Loan India.The interest rate offered by the bank is 11.25%in floating system.I feel it is very high.Is there any bank offer lower interest than this rate of interest.Is it possible to convert to one bank to another bank?
In the present day situation there is all possibilities that the Interest rate will still move up further in order to curtail the Inflation so the 11.25 % that you are paying now is apt.

What is the maximum percentage of home loan available in India at present?
I am planning to buy a house and I am a permanent resident of Mangalore city in Karnataka in India. However, I am an NRE since a year as I work in Dubai. I would like to know what is the maximum percentage of loan that is offered by the banks at present to buy a flat?? For e.g: If the amount of the purchase is Rs.15 lakhs, then if the banks give 75%, then I will get an amount of Rs.11.25 lakhs. In this way what is the maximum amount that is available now in the market for home loan??

Price war is on. The interest range between 8 and 8.50% for the first two years of loan term and for the subsequent period there is a slight variation on the higher side. Private banks have some hidden charges, while it is not with SBI.

Is there a website that will give me HDFC home loan rates across all banks in India?

Why would i pay interest only on a home loan?

As opposed to paying principle and interest? I know what the difference is, i was just wondering what the benefits of paying interest only are and vice versa. I’m in Australia, if that makes any difference. My partner and i are looking into purchasing our first home when i got back to work after finishing maternity leave. What is the maximum loan term for home loans in Australia? There was talk of ‘lifetime’ loans becoming available, but i haven’t seen any yet.
I am a real estate agent in NSW. The maximum term is 30 years. The benifit of interest only loans come into play with investment properties, You only pay the interest so the payments are smaller and statistically, real estate prices double every 8-10 years so after 10yrs you sell the home- repay the interest to the bank and you have made a profit without affecting yout hip pocket to much (E.g interest only loan $300 a week but tenant pays $250 a week you are only out off pocket $50. For a house for yourself it is suggested you get principal and interest loan and pay weekly rather than monthly- you should try to pay your own home off as fast as possible. This can also act as a forced savings plan. E.g. if you need to upgrade your home and you have paid $50,000 off the principal and the home sells for $20,000 more than you bought it for you have an extra $70,000 to spend on your new home. Hope this helps- feel free to message me if you have any other questions.

What was your credit score when you received a home loan?
I have a credit score of 618. Is this enough for me to apply for a home loan?

Mine was 680 and I got approved with no problems. You will probably get a loan, though it won’t necessarily be as good of an interest rate if you had had like 800 plus instead.

Qualify for a home loan

Trying to qualify for a home loan. Will adding my name to my parents savings account help?

I’ve been doing a lot of research in terms of qualifying for a home loan and can’t seem to find an answer to this. Many home loans require you to show a bank account statement of at least 3 months of savings. I unfortunately don’t have that but the monthly mortage is not an issue. Will my parents adding my name to their savings account allow me to still use that account as proof of the 3+ months savings to qualify for the loan? Will this help in any way towards getting approved for the loan. Thanks!

No because it may be considered community property. They want to see that you have the savings in case you lose your job, you will still be able to pay your mortgage for a few months. It is called reserves. They usually want to see at least 6 months worth of payments in a savings account. You may want to see if you can borrow the money from your parents and open up your own account. The lender will take savings, 401K, IRA etc. Any kind of money will do.

What kind of home loan interest rate could I get with a bankruptcy on my record?
I have a chapter 7 bankruptcy on my record from 2003, but I have no debt and a credit score of about 700. And I have $20,000 for a down payment. If I got a home loan, would the bankruptcy make a huge difference in the interest rate? How big a difference?

I had a bankruptcy back in 2001. My husband and I bought a house in 2004, and my credit score was about 700 as well. We had no problem getting the low interest rates that were available at the time. You have a fairly large down payment too, so depending on the cost of the house you want to buy, you should have no problems getting the lower rates. I think the standard rate right now is about 5.5-6.5%.

Best home loan rate in past 5 years?

Whats the lowest rate you have heard in the past 5 years for a 30 year fixed, no points or prepay penalty, jumbo home loan in Califiornia? Please provide date and place if known.

Jumbo A paper in California, I had 5.25 without points for about three weeks in June 2003. 5.125 got as low as 0.1 points. Conforming went to 4.875 for about three hours one day. Locked four loans while it was there. These rates applied statewide. Don’t look for that to happen again soon.

Should i take a home loan now or wait for the interest rate to go down?

Are home loan interest rates going to go up or down in the near future?

Home loan rate are still at historic lows. Most Americans don’t realize that mortgages were over 10% for many years. Here is what I would ask myself: Do I owe less than 80% of my present value on the home? Home values are going to continue plummeting. Do I work for someone else? If yes, what happens if you are laid off? You won’t be able to qualify for a loan in the future. How high is my rate now? Can I afford to add $3000-$5000 to my loan to cover the fees? Is my present loan adjustable? There are so many variables that no one can give you a real answer based on the facts in your question. And please avoid the loan via email people. Rip offs, scam artists and spammers.

Investment Plans for a Young NRI?

Hello ppl, Every time I google for something, the yahoo answers pops up and give me the correct answer. You guys are doing a really good job,after all a good advise is a rare thing..Hope I can use this for my long lasting questions.. I am 24 yrs old, working in Amsterdam and as like every other Indian youth, I wanted to know the proper ways to invest money. I have no idea about share markets, I don’t have a demat account, a PAN or resident account in India, all I have is an NRI account. I can save around Rs 60,000 per month,(which will be growing every year..) in which I give home Rs 30,000. When I speak with my friends back in India, every one fires too many ways to invest the money, such as Real Estate,Gold,Shares, Insurance, Property etc etc. I have started with opening a demat account, asked for a PAN, so I hold it back. Tried for a home loan, I was told I should be 25 yrs age for eligible for a NRI home loan. Buying Gold, I have no idea how to do it. To put in simple terms, I learn the art of make money, but have NO idea to invest money.. So please advise on a way to look further. Kindly note, I don’t need any very long term retirement plans, as I’m paying off big bucks here for the same. Let me know the do’s and dont’s..!!! Hope for your kind advises,,, Many Thanks…

what is the problem inmaking PAN ucan apply online also for that

Do you make extra repayments on your home loan?

If you use the extra payment calculators its pretty obvious that paying even just $50 extra a week makes on a huge difference on the total interest you’ll pay. The only problem is that’s something else you have to sacrifice now when its already so hard just to be able to cover the bills. Is it worth the sacrifice in the long run or should we just accept that we have to pay a huge amount of interest just to own are own home? Your thoughts…… 

Pay off higher interest loans first or at least pay them down, but when you can it’s great to pay a little extra on a home loan. I paid off a 20 year mortage in 16 years. My extra payment was anywhere from a $100 to as low as $20 a month.

First-time home buyer seeking extra money on loan.?

I”ve been going through home loan calculator and figured out what I can afford. I figured that if I can get a “gift” of $10000 tacked on the home loan, I can pay off my credit cards and actually afford a better house, even with the extra money on the loan. How can I go about doing this? 

I know this sounds good in theory, but it is not wise to put short term loans into a long term mortgage. Why would you finance $10,000 for 30 years? It just doesn’t make much sense. And please do not go to those in here spamming for business.

For PMI insurance on a home loan

Isn’t it the responibility of the Loan company to evaluate this annually?

Loan Company is asking for $300.00 for an apprasial. I’ve always been told that it was a law that the loan company had to automatically stop deducting this fee when the loan to value ratio was @ 75% or less.

The rule is that happens automatically when you reach 75% based on the original amortization schedule, not on the new appraisal.

Will filing for bankruptcy benefit my home loan modification case (currently under review)?

I am doing a loan modification on my house. I am current on all debt payments (credit cards, car loans, car insurance, etc.) except for the mortage payment (includes home loan insurance and property taxes). will it benefit my loan modification review if I do a bankruptcy (thereby eliminating my credit debt, etc)? I am aware of the consequences of a bankruptcy. Please let me know.”

There is no benefit to bankruptcy if you are up to date on your unsecured debt. There is a good chance you would spend a bunch of time and money going through the process and end up in Chapter 13 with only a small reduction in your payments. Things like car insurance could not possibly be reduced by bankruptcy and may actually go up if your credit is trashed.

Home loan EMI and HRA exemption for Tax return?

I have few more doubts: In case of the whole EMI deduction allowed or not, is there any specific limits for the declaration of Principal and/or Interest amount paid per annum ? Is the HRA claim possible even when the home loan EMI declaration is done ? For an annual gross of 14.5 lakhs with NO salary breakup and 31k home loan EMI { 18.5k HRA claimed,now in rental, new home pjt yet to finish } , how to reduce the 30k Income Tax paid ? Can anyone suggest ? I am in great confusion ‘coz i heard the interest part of the EMI cant be deducted for IT purposes. Is it so ? Please help… Also, i heard, there is a possibility to reduce Income Tax by gifting 1 to 2 lakhs to one’s each parent. Is that true ? In that case, is the gift to be made as a notary settlement or agreement etc? will there be any charges paid for that like service tax etc… Does that gifted amount itself will be tax-exempted ? [ deducted from one's gross income when income tax is calculated ] OR the income from investments made out of THAT gifted amount will alone be Tax-exempted ?

Yes you can claim loan deduction as well as HRA if and only if you have taken another house on rent due to your place of work. Means you are not able to live in your own home because you have to work far away and it it not possible to come and go on daily basis. You are eligible for deduction of maximum Rs. 100,000 (principal repayment) under section 80 C. You are also eligible for deduction of maximum Rs. 150,000 on interest paid during the year. The gift part is not allowed as deduction for you. You can gift to your parents for any amount and that will not be taxable income for your parents. You have to pay tax on your income as per normal rule and out of that income, after paying tax on it, you can gift to your parents. The gifted money will not be taxable income for your parents.

I have purchased apartment in City A in Jan -08 and Complete home loan is disbursed to builder in Feb-08. I have paid 15000 as Pre EMI in Month on Feb-08 and Regular EMI of 31000 in the month of March-08. This property is in construction and hopfuly I will get possession in Jan-09. Currently I am staying city B in rented house for that I have paid 75000 rent for the year 2007-08. 1> So Can claim for Pre EMI and Regular EMI amount for IT return for financial year 2007-08 ? 2> As wel as can I claim for Hosue rent which I have already paid for financial year 2007-08 ?
You can only claim the Housing Loan interest after the completion of house. till then the interest payment made by you will get accumulated and after the completion you will get the deduction 1/5 each year in 5 years. For the period your house is under construction, you can claim HRA benefit for the rent paid by you.