Announcement

Collapse
No announcement yet.

NRI Buyers: Due Diligence Before Buying Properties

Collapse
X
Collapse

NRI Buyers: Due Diligence Before Buying Properties

Last updated: December 3 2009
6 | Posts
5364 | Views
  • Time
  • Show
Clear All
new posts

  • NRI Buyers: Due Diligence Before Buying Properties

    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
  • #2

    #2

    Re : NRI Buyers: Due Diligence Before Buying Properties

    New flat buyer - guidance?

    Hi Raj,

    This is Naveen,

    To check the legality of the docs either you can hire a lawyer or the safe way to go is to take a loan from a nationalised banks like SBI,SBH or Andhra Bank.I feel SBI is the best.

    You have to produce your W2 form,6 months salary slips, 6 months Bank statements and 1year bank statement of your NRI account

    As for as your loan amount is concerned it depends upon you.

    Kondapur,Miyapur,KPHB,Jublee Hills,Gachibowli,Ameerpet,Sri Nagar Colony & S R Nagar are few hot places in Hyd where in you can get good returns and these areas have a high rental value

    Regards

    Naveen

    Comment

    • #3

      #3

      Re : NRI Buyers: Due Diligence Before Buying Properties

      Although this is a old case... may be dead...... still for knowledge...........

      Loan from SBI will be the best option. This is a bank which really does its due-dilligence before sanctioning any project. I really appreciate Navin's views.

      Regards

      Udayan
      Last edited February 28 2009, 04:19 PM.
      udayan.giri
      trustedproperty

      Comment

      • #4

        #4

        Re : NRI Buyers: Due Diligence Before Buying Properties

        Originally posted by udayan.giri View Post
        Although this is a old case... may be dead...... still for knowledge...........

        Loan from SBI will be the best option. This is a bank which really does its due-dilligence before sanctioning any project. I really appreciate Navin's views.

        Regards

        Udayan
        Dear friend,

        I also agree. I have had dealings with Canara Bank, HDFC and ICICI and have talked to SBI on house loan. SBI is the best to bank on house loans.

        ks2071746

        Comment

        • #5

          #5

          Re : NRI Buyers: Due Diligence Before Buying Properties

          Hi here

          Hello,i subscribed because i think this is the right place for me.bye =http://competitive-intelligence.tapalair.net]]competitive intelligence[/url]

          Comment

          • #6

            #6

            Re : NRI Buyers: Due Diligence Before Buying Properties

            IDBI Bank

            IDBI Bank is also better for availing Housing Loan. There is a flexibility to save considerable amount on registration charges. Door services are also available in submission of papers for speedy processing of loans.

            Originally posted by ks2071746 View Post
            Dear friend,

            I also agree. I have had dealings with Canara Bank, HDFC and ICICI and have talked to SBI on house loan. SBI is the best to bank on house loans.

            ks2071746

            Comment

            • #7

              #7

              Re : NRI Buyers: Due Diligence Before Buying Properties

              Hi, yes SBI is the bank to go for loan because I got a home loan from them and it’s really easy and hassle free. And one more thing your builder or real estate developer should be co-operative. I got a home in SMR Holdings and believe me they help me lot to buy this house.

              Comment

              Have any questions or thoughts about this?
              Working...
              X