Aakar Realty Enterprises '_____ Realty Mediators

THANA Restaurant & Bar 940 sq.ft.(carpet) opp.Pratap Theatre Thana Rate : Rs.2.5cr (negotiable) BELAPUR Restaurant & Bar 1200 sq.ft.(carpet) Sector 8 Belapur Rate : Rs.2.5cr(negotiable)

      Most homebuyers need a home loan to buy a residential property. There are some who prefer to buy using their own funds. But there are risks associated in such cases. Many people have invested in vacant plots without seeking a site loan and there are instances where such investments have gone sour. The process of seeking a home loan not only assists a homebuyer in tiding over the financial need, but also helps him to a great extent in the due diligence process. NRIs get benefit of due diligence. For instance, take the case of NRIs who are away from home and who may have to go through the process of legal scrutiny while investing in a property. They have to depend on their relatives or friends. The best way out is to seek a home loan as the legal cell in the bank will scrutinise the documents and certify that the property is free from encumbrances before lending. It is always wiser for such people to invest in projects approved by banks as that ensure that all d...

Banks can give up to 90 per cent of the value of the property in case of small value home loans up to Rs 20 lakh. But in case of loans above Rs 20 lakh, the loan to value ratio (LTV) should not exceed 80 per cent, said the Reserve Bank of India, in a notification issued today. Following the announcement in the second quarter review of the Monetary Policy, the RBI today issued the circular putting a regulatory ceiling on the LTV ratio in respect of banks’ housing loan exposures, in order to prevent excessive leveraging by banks. Currently, there is no regulatory ceiling on the LTV ratio in respect of banks’ housing loan exposures. Teaser loans With regard to ‘teaser loans’ (comparatively lower rates of interest in the first few years, after which rates are reset at higher rates), the RBI said this practice raises concern as some borrowers may find it difficult to service the loans once the normal interest rate, which is higher than the rate applicable in the initial years, becomes effe...

In the recent past, the  Reserve Bank of India  (RBI) has revised the maximum amount that can be sent abroad without special permissions. However, these properties should not be agricultural land, a farm house or a plantation. An NRI/PIO is allowed to send abroad up to $1 million from the  sale of property  in any one financial year. This amount should be  the sale  proceeds of property inherited by him out of rupee funds. This transfer is subject to production of documentary evidence in support of acquisition, inheritance or legacy of assets by the NRI, and a tax clearance or a no objection certificate from the Income Tax Authority. The $1 million remittance can also be made from the balances held in Non Resident Ordinary Rupee (NRO) Accounts. After taking a dip following the financial crisis of 2008, property prices have bounced back and how. Despite the high price rise, more and more NRIs are keen to buy properties in India. Who can  buy property ...

A Investor is seeking to invest in flat at Mira Road or Vasai Good returns expected Budget for Investment ranges upto 16lacs. For further details contact us

Flat description : 2 bhk, 770 builtup area, 540 carpet area, kitchen --> furnished, Hall --> furnished with sofa, small dinning table, showcase, In Master bed room --> big glass mirror with makeup desk. Both BMC water as well as borewell water available. Flat is on 3rd floor, building has lift.  It is 8-10 mins walking distance from borivali (west) railway station. Age of the building is 10-11 yrs. Requirement     : Vegetarian,  good for family with  4-5 members For further details Contact Or Email

Real estate developers should be sensitive to social dimensions of  housing  by pricing their products “appropriately”, Union Finance Minister, Mr Pranab Mukherjee appealed recently. Addressing the gathering at NATCON 2010, a real estate conference organized by Confederation of Real Estate Developers’ Association of India (CREDAI), in the capital, Mr.Mukherjee urged that the realty sector has to be sensitive to the larger social dimension of housing by pricing their products appropriately and responding to the cross-section of the housing demand covering both rich and poor alike. Above all, the Minister said that the sector has to anchor its work in strong ethical practices His comments come amid widespread concerns on slow housing sales owing to a recent spurt in prices across key markets. Mr Mukherjee said that fulfilling people’s dream of ‘housing for all’ was an enormous task that the Government alone could not achieve. Acknowledging the...