Are NRI/PIO/OCI eligible for Housing loans to buy property from any Indian Bank?

Thoda Heavy Duty Property Information Hai...
But then, No gain without pain...

#SasteGharCom is Always happy-2-help you
in your property sales / purchase needs !

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The SUNDAY BUZZ..

Are NRI/PIO/OCI eligible for Housing loans to buy property from any Indian Bank?

An authorised dealer or a housing finance institution in India approved by the National Housing Bank may provide housing loan to a non-resident Indian or a person of Indian origin residing outside India. for acquisition of a residential accommodation in India, subject to the following conditions, namely:

(a) He quantum of loans, margin money and the period of repayment shall be at par with those applicable to housing finance provided to a person residing in India.

(b) the loan amount shall not be credited to Non-resident External (NRE)/Foreign Currency Non-resident (FCNR)/Non-resident non-repatriable (NRNR) account of the borrower.

(c) the loan shall be fully secured by equitable mortgage by deposit of title deal of the property proposed to be acquired, and if necessary, also be lien on the borrower’s other assets in India.

(d) the installment of loan, interest and other charges, if any, shall be paid by the borrower by remittances from outside India through normal banking channels or out of funds in his Non-resident External (NRE)/Foreign Currency Non-resident (FCNR)/Non-resident Non-repatriable (NRNR)/Non-resident Ordinary (NRO)/non-resident Special Rupee (NRSR) account in India, or out of rental income derived from renting out the property acquired by utilization of the loan or by any relative of the borrower in India by crediting the borrower’s loan account through the bank account of such relative (The word ‘relative’ means ‘relative’ as defined in section 6 of the Companies Act, 1956.)
(e) The rate of interest on the loan shall conform to the directives issued by the Reserve Bank of India or, as the case may be, the National Housing Bank.

*Also vet it at your end before investing

Use soothing colors in your bedroom !

Sleeping ?!
Wake up friends to read us...
We are YOUR #BestPropertyConsultants in #TRICITY...

Call us, EVEN refer us for any property needs !

SMILING now,
thinking that we have disturbed you so late...
Well just thought of,
friends can !

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Just a bit of tip too...
Some VAASTU Tip as you are enjoying the weekend !

Use soothing colors in your bedroom, for walls as well as soft furnishings. Keep a couple of happy pictures of you and your spouse around, they help in strengthening the relationships
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TODAY IS THE RIGHT TIME

All successful people suggest that you should have your own home, And sooner the better. Money is never enough ! Don't wait for the right time...TODAY IS THE RIGHT TIME,

Get in touch with #SasteGharCom for your property needs !

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Read this information till then on space utilization

Customize
Bespoke built-ins, storage nooks, and furniture tailored to your exact needs can utilize every available sliver of space
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Traffic Rules in TRICITY !

SasteGhar.com​ wishes Good morning!,
Information for all those who are looking to invest and live in the city of discipline...

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Here's a reason to come and invest here !

TRICITY's Traffic Police is one asset for the city. You will not spot anyone without helmet on a two-wheeler and without seat-belt in a four wheeler. Police is very strict when it comes to the safety of its residents whether it be a man or a woman. Also, the crime rate in the city beautiful is very low

give your worries of finding your #DreamHome to us

In fact, give your worries of finding your #DreamHome to us

While YOU read
VAASTU Tip By #SasteGharCom
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Make sure your bed doesn't face a mirror or anything made of glass, this brings bad dreams and effects the balance
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Feel Spacious with these SPACE utilization #ideaz

Good afternoon TRICITY, as the weekend is nearing And YOU plan to go out shopping...Some may even go out shopping #PROPERTY

We at #SasteGharCom shares some refreshing ideas

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Feel Spacious with these SPACE utilization #ideaz

These small space decorating ideas, storage solutions, and smart finds will help you maximize each square foot, regardless of the size of your house
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Avoid unattractive things and sounds

Good Morning TRICITY !

#SasteGharCom is a preferred consultant to many, we believe in giving you the best of services while you are buying property and standing with you even after you have bought. We are family !

We are your #property #consultants, empowering buyers in getting the best of deals !

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We continue to serve you with some information that can be of use to you, here is some tip on VASTU
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Avoid unattractive things and sounds
Thorny plants like cactus and other shrubs should not be kept inside the house, they attract negative energies. Avoid keeping artificial cloth or plastic flowers or plants, instead decorate your house with real flowers. Similarly, do not have doorbells that do not have a pleasant ring, they tend to spoil the mood of the house.

Best Medical Facilities

#SasteGharCom wishes Good Morning !

Kehte Hain Jo Ek Baar Yahan Aata Hai,
Yahin Ka Ho Kar Reh Jata Hai....

Somebody who comes here in #TRICITY once And starts living,
Does not ever want to go back to even their native towns...

Like & Comment if you agree !!!
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One of the reason for people to stay back is
Best Medical Facilities

Other than GMCH and PGI, the best private hospital chains are also available in the city. People from nearby states including Himachal Pradesh, Punjab and Haryana visit Chandigarh to avail the best possible medical facilities. Fortis, Max Superspeciality Hospital and Ivy Hospital are some to be named.
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Create Zones for better space utilization

Hello TRICITY !
Our core philosophy at #SasteGharCom is to
#EMPOWER #BUYERS in their property search.
To give YOU the best of options

We are your #property #consultants !
We also like to share inputs with you
And like to stay-in-touch !

We are here to share with YOU
some more tips on space utilization

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Create Zones
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Think about all the things you do in a space -  work, sleep, relax, eat - and then establish separate zones for those activities. Subtle demarcations can help the space feel larger. You can evoke #rooms with multiple seating areas, a tented or curtained bed, a window seat or built-in-banquette, or even just a smartly placed table and chair.

No Boring Weekends

#SasteGharCom brings you many reasons to invest here !

As you decide you live in TRICITY, we promise you will not have a single boring weekend here. While there are several places to visit in the city itself, one can easily plan getaways given its proximity from hill stations like Kasauli, Solan, Shimla and more. The main attractions in the city itself are Sukhna Lake, Rock Garden, Zakir Hussain Rose Garden, The Open Hand monument, Garden of Silence, Leisure valley and not to forget, several malls.

Hello Who's AWAKE ?!

Let's see how many of YOU like,
And may be answer !

How is Rate of CGT computed?

Type of asset: Assets like house property, land and building, jewellery, development rights etc. Rate of tax deduction at source (TDS) Long term Short term 20.6% 30.9%

Exemption available (only for long term capital gains) The long term capital gains arising on sale of a residential house can be invested in buying/constructing another residential house, within the prescribed time. The exemption is restricted to the amount of capital gains or amount invested in new residential house, whichever is lower. If the amount of capital gains is invested in bonds of National Highways Authority of India (NHAI) or Rural Electrification Corporation, then the entire capital gains is exempted, else the proportionate gain is exempted. As per the financial budget 2007-08, a cap of Rs. 50 lakhs has been imposed on investment that can be made in capital tax saving bonds.

#EMPOWERING #BUYERS

Hello And Good Morning Chandigarh !

We at #SasteGharCom have recently tied up with the best of brands that can give you peace of mind of investing and good returns too... We are YOUR property advisors And are #EMPOWERING #BUYERS

We are just a call away !

Till then read a tip for you on VAASTU !
YOU have any, do share with the world...

Carefully look at the corners walls of the flat, make sure there aren't many open edges. Draw an aerial view of the flat before buying it, you will get a clear idea. Avoid home with a lot of sharp edges as they attract negative energies. Similarly, even after buying the house, take care that racks, shelves and furniture have rounded edges.