Go Back   Team-BHP > Around the Corner > Shifting gears


Reply
 
Thread Tools Search this Thread
Old 22nd January 2010, 09:15   #211
Senior - BHPian
 
shishir_bn's Avatar
 
Join Date: Nov 2009
Location: Bangalore
Posts: 1,192
Thanked: 104 Times
Default

Quote:
Originally Posted by BaCkSeAtDrIVeR View Post
Here is a flow chart for you. Your dad need not be a co-applicant; only a guarantor for your loan.

1. YOu take loan, start repaying it regularly.
2. Wait till the time you want to fore-close.
3. Deliberately commit a default. Ask the bank to send you and the guarantor (dad) some notice inw riting.
4. Your dad pays the loan on your behalf.

Bank happy. You happy. Dad happy. Taxman happy. The legislator will of course, find some means to change the law. :-D
Quote:
Originally Posted by gkrishn View Post
All that and the credit rating too goes for a toss....
DCEite, never do the 3rd point. All the financial system has been linked to the credit history.It will be a big problem when you are taking a new loan or in future. My friend defaulted on one month payment of his credit card and now all banks are saying stories to give him a loan keeping this default in the front. So be careful.
shishir_bn is offline   Reply With Quote
Old 22nd January 2010, 10:19   #212
BHPian
 
mohang_j's Avatar
 
Join Date: Feb 2008
Location: Bangalore
Posts: 270
Thanked: 18 Times
Default joint property

Is it possible to get joint loan for brothers. (assuming buying a plot and constructing 2 unit house)
Mohan.G
mohang_j is offline   Reply With Quote
Old 22nd January 2010, 11:35   #213
Senior - BHPian
 
shishir_bn's Avatar
 
Join Date: Nov 2009
Location: Bangalore
Posts: 1,192
Thanked: 104 Times
Default

Quote:
Originally Posted by mohang_j View Post
Is it possible to get joint loan for brothers. (assuming buying a plot and constructing 2 unit house)
Mohan.G
Yes it is possible to get joint loans with brothers.
shishir_bn is offline   Reply With Quote
Old 22nd January 2010, 11:43   #214
BHPian
 
mohang_j's Avatar
 
Join Date: Feb 2008
Location: Bangalore
Posts: 270
Thanked: 18 Times
Default

Quote:
Originally Posted by shishir_bn View Post
Yes it is possible to get joint loans with brothers.
Thanks Shishir,
Do you have more details?
Mohan.G
mohang_j is offline   Reply With Quote
Old 22nd January 2010, 11:47   #215
Senior - BHPian
 
shishir_bn's Avatar
 
Join Date: Nov 2009
Location: Bangalore
Posts: 1,192
Thanked: 104 Times
Default

Quote:
Originally Posted by mohang_j View Post
Thanks Shishir,
Do you have more details?
Mohan.G
If you tell what details you are looking for then me or anyone from the forum will answer it and it will help others also. If you are asking about the previous post then you can take your brother,dad,wife and mom as co-applicant(remember they should have an earning capacity for this to hold good).
shishir_bn is offline   Reply With Quote
Old 27th January 2010, 23:09   #216
BHPian
 
Join Date: May 2007
Location: mumbai
Posts: 68
Thanked: 6 Times
Default

Does anyone have experience with Ashiana Housing

Would love to hear. Thanks
amitsingh08 is offline   Reply With Quote
Old 31st January 2010, 12:04   #217
BHPian
 
bj96's Avatar
 
Join Date: Dec 2008
Location: Pune
Posts: 777
Thanked: 127 Times
Question Feedback needed on Mundhwa area at Pune

I am looking for a property in this area (due to proximity to the new work). Can someone list the +ves/-ves of this area. I have been living (and working) in western suburbs for all these years hence, not much idea about this part of the city. Also, what is the current property rates in this area.

thanks in advance for any info.

-BJ
bj96 is offline   Reply With Quote
Old 12th February 2010, 11:37   #218
BHPian
 
Join Date: Jan 2010
Location: Goa
Posts: 41
Thanked: 2 Times
Unhappy Renting Apartment in Goa. need help

My father in law needs to rent his (new) apartment to a syndicate bank manager at mapusa goa, in the outskirts of city, around 2 KM away (from city).
Can anyone help on what precautions, he needs to take for, and what papers required to be made for safeguard as also what might be the rent he can quote (with/without deposit ? how much?).
I have heard the banks have a fixed amount allotted for rent to their managers.

thanks in advance and cheers
11mahesh11 is offline   Reply With Quote
Old 12th February 2010, 13:04   #219
BHPian
 
dar3dev|l's Avatar
 
Join Date: Dec 2009
Location: Hannover, DE
Posts: 290
Thanked: 88 Times
Default

With reference to the new job (Considering a job in pune. Need Help !) i might take up in pune, i was looking out for a rented apartment in pune, pashan area. Do PM me incase any one has a place i can rent it or has a reference i contact for details. Since i am preety new in pune i would be trusting the reference sent by TBHP members

Thanks
dar3dev|l is offline   Reply With Quote
Old 12th February 2010, 17:08   #220
Senior - BHPian
 
Join Date: Jun 2007
Location: Kochi
Posts: 2,147
Thanked: 143 Times
Default

Quote:
Originally Posted by 11mahesh11 View Post
My father in law needs to rent his (new) apartment to a syndicate bank manager at mapusa goa, in the outskirts of city, around 2 KM away (from city).
The agreement would be in name of the Bank; just take what the bank offers you; and ask the bank to transfer the monthly rentals to your (land lord's) bank account.

The plus point of bank leases is that the occupant will be transferred once 3 years, and getting the building vacated is certain. Additionally, rent will be paid promptly. In fact, you can consider giving a discount on market rate of rent - due to the "security" / comfort factor.

THe bank will have norms on amount of security payable (usually 3 times monthly rent); if that is not sufficient for you, the individual may consider coughing up the difference from his pocket.
BaCkSeAtDrIVeR is offline   Reply With Quote
Old 27th February 2010, 17:46   #221
Team-BHP Support
 
benbsb29's Avatar
 
Join Date: Nov 2006
Location: Brisbane
Posts: 8,012
Thanked: 3,455 Times
Question Effect of the new budget on apartment prices?

As an aspiring home owner, i had a concern about a provision in the new budget which was announced.

As per the budget, the proposal is to tax construction as a service if the entire payment for the property is paid before the completion of construction, which is the norm here.

Tax is to be levied at a rate of 10% on 33% of the price of the apartment. The rest 67% will not come under taxation as service tax can't be levied on value of materials used for construction such as cement and steel.

Premium apartments from the builder will also be charged on the differential part of pricing.

How soon will this new proposal be applicable? Will this take effect for properties registered post April 1st, or with immediate effect?
benbsb29 is offline   Reply With Quote
Old 27th February 2010, 18:23   #222
Senior - BHPian
 
DCEite's Avatar
 
Join Date: Sep 2004
Location: NCR
Posts: 3,037
Thanked: 464 Times
Default

I also have similar question as Benbsb
Had booked an construction apartment a few weeks ago and the bank is about to make the first construction linked disbursement to the builder. 15% registration money has already been paid by me and til now construction has completed upto 2nd floor level.
DCEite is offline   Reply With Quote
Old 27th February 2010, 18:28   #223
mkh
Senior - BHPian
 
Join Date: Oct 2009
Location: Bangalore
Posts: 1,071
Thanked: 107 Times
Default

Quote:
Originally Posted by benbsb29 View Post
As an aspiring home owner, i had a concern about a provision in the new budget which was announced.

As per the budget, the proposal is to tax construction as a service if the entire payment for the property is paid before the completion of construction, which is the norm here.

Tax is to be levied at a rate of 10% on 33% of the price of the apartment. The rest 67% will not come under taxation as service tax can't be levied on value of materials used for construction such as cement and steel.

Premium apartments from the builder will also be charged on the differential part of pricing.

How soon will this new proposal be applicable? Will this take effect for properties registered post April 1st, or with immediate effect?
Most likely post April- however you can expect some shrewd builders to use this to demand more, it all depends. All these are grey areas where people try to find loop holes and extract more. Going forward service tax is a weapon like "brahmastra" in the hands of the FM to loop in more tax and none will escape it. Unfortunately we will end up paying as customers more and more
Just for now we pay when
-Book tickets online: service tax
-Cell phone bills: service tax
-Insurance premium: service tax
-Lawyer,CA fee: service tax
The list goes on and on and soon every damn service will mean service tax
mkh is offline   Reply With Quote
Old 2nd March 2010, 16:50   #224
BHPian
 
msvg's Avatar
 
Join Date: Dec 2007
Location: USA / Bangalore
Posts: 198
Thanked: 15 Times
Default

Hi All,

Anyone come across plots around Bangalore(+70 kms) for as less as Rs 100/- to 200/- please let me know as i am looking for investment purpose.
Also wanted to know if i could find some approved plans for a house on a plain plot/site for reference somewhere on the web,preferably one with best Vastu compliant.Planning to construct a house on plain land.

thanks
msvg
msvg is offline   Reply With Quote
Old 3rd March 2010, 14:58   #225
Senior - BHPian
 
Latheesh's Avatar
 
Join Date: Dec 2007
Location: Bangalore/Kannur
Posts: 2,973
Thanked: 2,580 Times
Default

I am looking for a 1BHK accomodation within 5 min drive from Silkboard (from April-2010). Preferred locations are (BTM Ist stage/2nd Stage, Koramangala, Madiwala) with a space to park my Sparky :-) rent 6K per month max.

Please PM me if you know any house/flat.
Latheesh is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
A trip out of Real estate to TEA ESTATE - Our Valparai vacation ch.nathan Travelogues 47 4th May 2012 16:00
Interesting website for availing discounts on bulk buying for cars, real estate etc. DCEite Shifting gears 0 6th September 2010 16:15


All times are GMT +5.5. The time now is 01:02.

Copyright 2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks