A house is undoubtedly the most primary requirement of an individual and in a country like India, majority of citizens belong to middle income group. They do not have sufficient money in their bank accounts through which they can buy a new house and that is the only reason why maximum people prefer to take home loans. As it is difficult for a common man to purchase a brand new home, various banks are providing home loans. Those who want to buy a home just have to arrange little amount as a down payment and rest of all depends upon the financing companies or banks. Repayment of loan is done by Equated Monthly Installments or EMI and one can select EMI which will be suitable as per his need. Ranges of home loans starts at around 7 percent and goes up to roundabout 16 percent and ICICI, SBI and HDFC are the primary banks which offer home loans. Few banks also give loan against residential and commercial properties. Along with home loans, several banks also provide insurance cover up to a certain amount. Address proof, date of birth proof, passport, pan card, bank account statement, salary slips and IT returns are the main documents which are required for taking home loan. Prior to finalize any bank, it is necessary to check penalties and fees.
Chandigarh is the most beautiful city of India and it is prominent for its green and peaceful environment. It is an exceptional destination for those who wish to spend holidays as well as for real estate investors. Today, Chandigarh has large gardens, five star hotels, shopping malls, cinemas, spacious apartments, bungalows. There is no dearth of schools and colleges in Chandigarh and foreign students visit there to study and find this place so attractive that they decide to live there permanently. Mohali is just next to it and it is also becoming one of the biggest business hubs day by day. Property prices are expected to hike in upcoming time and that is why unlimited Indians and NRIs are choosing these small places to build their dream houses now. As far as developments are concerned, Mohali is also equivalent to Chandigarh. As of now, countless entities have raised their standards of living by purchasing houses in Mohali. With magnificent Infrastructure, spacious apartments, well-planned and smooth roads and all that basic amenities which a person wishes to have, Mohali has become an outstanding location to live. In addition to this, there are so many posh areas in Mohali which has lured limitless persons. The most amazing thing is that investments in both commercial as well as residential properties are proving to be highly advantageous for investors. Real estate agents of Mohali have copious experience and they know how to solve all queries of home buyers and home sellers. They are well-trained professionals and have entire knowledge about real estate market of local area. If you want to live in a tranquil location, Greater Mohali would be a remarkable option.