100nests.com: Let’s know about type of home loan?Home Loan is the financial assistance which a buyer borrows from a financial institution in order to buy a residential property. In turn borrower will have to pay some extra amount on the total loan amount which is called by Interest Rate.

There are several commercialised and private banks which offer Home Loan for certain purposes.

Types of Home Loans in India

Home Loan for Purchase: These Home Loans are taken to purchase a new home in a certain complex. Home Loan for Improvement: These are given to existing homes, the sum is used to renew, renovate, addition and modification to the existing ‘owned home’. Home Loans for NRI: These are given to individuals who are NRI’s and want to buy or invest in residential properties, this is getting popular these days with the IT professional abroad. Home Loan for Balance Transfer: Competition has it all; these are given as new loan to repay an old loan. These are usually taken with view that the new loan is lower on the interest rates. Bridge Home Loan: These are given to individuals who are looking to buy a new home and want to sell the old home to buy the new one. With Bridge Loan you can buy a new home even before you find a buyer for your home. Home Loan for Construction: These are taken to construct a home on an owned land unlike complexes and apartments. Home Loan for Land Purchase: These are given to buy a land to construct a home, usually bungalows, duplexes, row houses etc.

Generally, Home Loan are covered with an insurace cover, it is really crucial to have a Home Loan because it surely give some extra benefits.

100nests.com: India’s Property Market Is RecoveringIndia’s Property market is recovering and there are several factors which are playing vital role to surge the lethargic demand static of property in India

Strategic Key Demand Drivers:

Price correction: Residential Property prices have witnessed a correction across India. This is a healthy sign as it has encouraged conversion of buyer intent into demand.

Apartment down-sizing:Along with the reduction in property prices, developers have down-sized apartments in order to attract a wider breadth of customers and push volume sales. In a few cities, the apartment size has been trimmed by anywhere between 19 and 38 percent. This means that a flat which previously cost Rs 100 has come down to Rs 40-50, enabling a lower segment buyer to select a house at a better location or at the same location but at a lower cost. Some developers have also introduced the concept of condo apartments, one-bedroom and oneand-a-half-bedroom units to widen their customer base.

Cheaper home loans:Over the last two years, till December 2008, home loan rates had moved up steadily. Fixed and floating rates of major banks peaked at around 14.5 percent from 8-8.5 percent in 2007. Banks were agreeing to finance only 70-80 percent of the total property value as against 85-90 percent previously. These factors deterred individual investors from availing of loans especially in conjunction with the job uncertainty induced by the slowdown.

Since October 2008 inflation has begun to cool off and is currently below one percent. Corresponding rate cuts have led private banks to lower interest rates to 9-10 percent (floating), while large state-owned players are offering a special rate of eight percent to buyers. Loan sanctions too have risen to 80-90 percent of the property price, reviving buyer interest.

100floors.com: Deals and Discounts in Property MarketDeveloper are attracting buyers from various segments of society by offering Deals and Discounts.

There are several types of Deals and Discounts which are being offered like monetary and non monetary. Monetary Deals and Discounts come up with some Monetary Discounts like 2 % off on an apartment and so on. Many developers are offering tenants so that buyer can rent his property and can get rent for paying his or her EMI. Deals and Discounts have become common with builders and developers but now buyers have accustomed too for these type of offers. They look for some thing big like plot of 30 ft. x 40 ft. free with an apartment or buy one get one free sort of Deals and Discounts.

Many buyers are attracted to this kind of Deals and Discounts and encashed Deals and Discounts in monetary or non monetary benefits.

Source: http://www.100floors.com/

100nests: Riding on the changing landscape of Indian homes.Indian homes today fall behind the average world homes amongst developed countries in terms of what one can achieve from and within home. Even the usage of homes is mere functional than typically a lifestyle or a luxury, though the market is seeing a shift in the same in recent times where homes are treated as lifestyle element. This shift is offering a great market opportunity to cater to home knowledge, home needs, what’s around home and even neighborhood around the homes in terms of people around, facilities, what’s in vicinity and more. 100nests.com addresses this demand in Indian continent, with the market poised to grow 4X they have seeded to ensure they have strong foundation to take on developed Indian market in next few years.Though there are many portals around local information are mushrooming in the subcontinent distribution of this data is what would win the race assuming the reach of the online media is not assured and spread all across. Portals like 100nests try to make this shift where the local information is served implicitly almost like a up sell and cross sell while the user is inside his virtual home. This ensures the sure gets the information in the contest of his need, ensuing the vicinity and recency aspect of the data. Another interesting factor is the UGC around your home, many times what you like is typically what your neighbors have used or recommended than someone far away.                                   With Indian homes poised to consume 4X of what they consume today in next few years which is among the top most compared to developed homes it also serves an opportunity for various businesses targeting home, home needs and services around the same where one can grow from small to large with the market just starting to shoot up. Personal and home products is already seeing  a larger growth which is even backed by the media industry spending more than 50% of total yearly spends reaching homes serving various brands and products.Overall an economy to be part of and to be on look out for products like 100nests.com, focus of online and media players in the online space, some new international real estate players entering in the markets.

100floors.com: Deals and Discounts in Property MarketDeveloper are attracting buyers from various segments of society by offering Deals and Discounts.

There are several types of Deals and Discounts which are being offered like monetary and non monetary. Monetary Deals and Discounts come up with some Monetary Discounts like 2 % off on an apartment and so on. Many developers are offering tenants so that buyer can rent his property and can get rent for paying his or her EMI. Deals and Discounts have become common with builders and developers but now buyers have accustomed too for these type of offers. They look for some thing big like plot of 30 ft. x 40 ft. free with an apartment or buy one get one free sort of Deals and Discounts.

Many buyers are attracted to this kind of Deals and Discounts and encashed Deals and Discounts in monetary or non monetary benefits.

Source: http://www.100floors.com/

100floors.com: Low Cost HousingIndian Real Estate market had been badly hit by globla recession in recent times. As there are established economies like US, UK, Germany, Russia, France and others are also badly hit by the same.

Indian Real Estate market started recovering with the concept of Low Cost Housing. Indian Real Estate market assumes upcoming growth with this Low Cost Housing which will play a vital role in terms of capturing large portion of India Middle Class and Middle - Lower Class. If we look at the upcoming projects of various prime builders in Delhi/NCR and Mumbai, Chennai and other major cities which range from 12 Lakhs - 20 Lakhs. It surely attracts middle income group and middle lower income group.

In today’s global Real Estate market scenario prime developers are focusing on Low Cost Housing. Developers find it tough to overlook the Tenth Five-Year-Plan, which says there is a shortage of 22.4 million dwelling units. Thus, over the next 10 to 15 years, 80 to 90 million housing dwelling units will have to be constructed with a majority of them catering to middle- and lower-income groups.

Source: http://www.100floors.com/propertySearch.php