Staying in Bangalore is a dream come true for most of the Indians; especially with the rise in world-class apartments.
For example, Tata Value Homes offer exquisite lifestyle amenities such as kid’s area, swimming pool, gym, and 24X7 security service. But such facilities are costly; which is the main reason many give up dreaming about such luxurious apartments.
You need not sacrifice on your dream property as many financial institutions offer home loans at a low interest rate and flexible tenure. Before getting into the budget part; let us understand some points to consider before making a choice of buying an apartment in Bangalore.
Points to consider before making the choice
If you are currently staying on rent; ensure that the EMI you will pay on your future home loan is at par with the rent.
This way, you can enjoy luxury without disturbing your monthly budget.
2. Proximity to office:
Since you are already repaying the home loan; you can cut down on other costs such as transport expenses. Check if your office or children’s school is in close proximity to your dream apartment.
Tata Value Homes has almost all these infrastructure and amenities in close proximity.
Check if the property is well connected; although this is not a major concern in a city like Bangalore. Opting for a home loan is the best option to move to your dream apartment without removing your life long savings and investments.
Some lenders’ offer a housing loan as high as Rs.3.5 crore with a tenure of 20 years! You can also enjoy the tax benefits during the repayment period.