Monday, October 4, 2010

Time for NRIs to buy a house

After a rollercoaster ride, the residential property market has stabilised now and a number of developers are gearing up to launch new housing projects. Developers are gaining confidence and pricing the products in a realistic manner. Realty funds are coming back to identify strategic partners for investments in residential projects.

With the corporates gearing up to expand operations, commercial space movement is also reviving with smaller spaces getting absorbed at frequent intervals unlike earlier. For homebuyers, the time is just right to strike bargain deals.

For NRIs who have been waiting in the wings, the situation is just appropriate to enter the market. Home loan rates are competitive and linked to the base rates after the initial period of three years. There are banks who have waived processing and documentation charges

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