sekharsoftware

Hi all,

I am very new to buying house and I want to be very careful when I am buying in Hyderabad. I would appreciate if someone can guide me in the following aspects: (Please answer as many as you can)

1) How to properly verify clear title of a flat/plot?
2) I am an NRI - What documents needed to get a home loan from the indian bank?
3) If I want to buy a house for eg: 50 Lakhs how much is advisable amount that I need to put from my pocket?
4) The interest rates are as high as 12% now. Should I go for fixed interest rate or floating one? Are there any chances of interest rates come down?
5) Lastly, what are the hot places in Hyd that i can buy a flat sothat, the price would go up in an year or couple of years?

Thanks in advance,
Raj