1. Banks are flush with liquidity; but at the same time the demand for credit has fallen a lot. Instead of parking the money with the RBI under the Reverse Repo window they would prefer to lend it to the customers.
2. As the fears of the slowdown recede and economic outlook improves the real estate sector is picking up. The real estate sector was one of the hardest hit sectors due to the sub prime crisis,
3. Increasing competition among banks and housing finance companies is forcing each bank to come out with an offer that is better than the existing home loan offers in the market. Most banks want to increase the share of retail assets among their overall portfolio.
4. Diwali and year end festive season. Normally during the festive season the demand from customers increases. It is considered auspicious to buy assets during the festive season.

Due to the above reasons lot of banks have come out with dual rate home loan schemes. Under these schemes the interest rate is fixed for the initial few years and it becomes floating for the remaining tenure of the loan. The floating rate depending on the Prime Lending Rate (PLR) of the bank. This means that if the Bank PLR goes up the interest rate on the home loan will move up and if the Bank PLR is revised downwards then the home loan rate will also move down along with the PLR. Due to the uncertain economic environment customers are hesitant to go for home loans. Customers are not too sure of the future economic scenario and the direction of interest rates in the near term. So banks are coming out with these dual rate home loan schemes so that the customer can be assured that his EMI would stay fixed atleast for the first few years.

Even though in the home loan offers of most of the banks the interest rate is fixed for the first few years is fixed; the other terms and conditions like the loan tenure, the minimum and maximum amount, pre-payment clauses etc are different in case of each bank. Through this article we are trying to make a comparison of the existing home loan offers of few banks so that selection becomes a little easy for the customer. However the customer needs to check with the bank for the final terms and conditions as these offers may be subject to change.

After having a look at the comparison let us have a detailed look at some of the home loan offers of some of the banks.

State Bank of India

SBI has come out with 3 home loan offers.

SBI Hi-Five Loan

• Under this home loan offer the maximum amount of loan given is 5 Lakhs.
• The maximum tenure of the loan is 10 years.
• Under this scheme the interest rate is fixed at 8% for the first 5 years.
• Thereafter the interest rate becomes floating at 2.75% below SBAR (State Bank Advance Rate) or fixed at 1.25% below SBAR.
• The processing fee under this loan upto Rs 5 Lakhs is Rs 1000.
• This scheme is valid upto 31^st March 2010

SBI Easy Home Loan

• Under this scheme home loan can be availed upto a maximum of Rs 50 Lakhs.
• The interest rate for the 1^st year is fixed at 8%.
• The interest rate for the 2^nd and 3^rd year is fixed at 8.5%.
• After the 3^rd year the interest rate becomes floating at 2.75% below SBAR (State Bank Advance Rate) or fixed at 1.25% below SBAR (State Bank Advance Rate) depending on the customer’s choice selected at the time of sanction of the loan. The fixed rate option comes with a reset clause of 5 years.
• The processing fee for loan amount upto Rs 5 Lakhs is Rs 1000 and may go upto Rs 7000 for a loan amount of upto Rs 50 Lakhs. This depends of the loan amount.
• This scheme is valid upto 31^st March 2010

SBI Advantage Home Loan

• Under this scheme home loans above Rs 50 Lakhs can be availed.
• The interest rate for the 1^st year is fixed at 8%.
• The interest rate for the 2^nd and 3^rd year is fixed at 9%.
• After the 3^rd year the interest rate becomes floating at 1.75% below SBAR (State Bank Advance Rate) or fixed at 0.75% below SBAR (State Bank Advance Rate) depending on the customer’s choice selected at the time of sanction of the loan. The fixed rate option comes with a reset clause of 5 years.
• The processing fee for loan amount of Rs 50 Lakhs is Rs 8000 and may go upto Rs 20,000 for a loan amount of above Rs 5 Crores. This depends of the loan amount.
• This scheme is valid upto 31^st March 2010

Housing Development Finance Corporation (HDFC)

• Though a late entrant to join the price war; the market leader has finally announced the fixed-floating home loan offer to arrest its falling market share.
• HDFC has announced that it will offer home loan at 8.25% till March 2012. The loan has to be taken before 31^st March 2010.
• From 1^st April 2012 the customer will move to a floating rate. The floating rate charged will be 500 basis points below the Prime Lending Rate (PLR). 100 basis points is 1%.

LIC Housing Finance (LIC HF)

• LIC Housing Finance has introduced a dual rate home loan scheme under the name ‘Fix-o-Floaty’.
• Under this scheme the interest rate is fixed at 8.9% for the first 3 years for home loans between Rs 30 Lakhs upto 75 Lakhs.
• After 3 years the customer will move to floating rates prevailing at that time.

Punjab National Bank (PNB)

• Punjab National Bank (PNB) has announced a Festive Season Bonanza-2009 for housing loans and car loans
• Under this scheme PNB is offering home loans upto Rs 30 Lakhs at a discounted rate.
• The interest rate for the first 3 years is fixed at 8.5%.
• After 3 years the customer will move to floating rate. The floating rate will be 2 – 2.5% below the Bank Prime Lending Rate (BPLR).
• Under this scheme the bank has also waived off the processing fee and the documentation fee.

Canara Bank

• Canara Bank is offering dual rate home loans under the New Housing Loan Package
• Under this package the interest rate is fixed for the first 5 years for loans upto Rs 30 Lakhs.
• In the 1^st year the interest rate is 8% and for the next 4 years (2^nd year to 5^th year) the interest rate is fixed at 9%.
• After 5 years the customer moves to floating rate which is 2.5% below the Bank Prime Lending Rate (BPLR). But the floating rate is subject to a minimum of 10%.
• The scheme is valid upto 31^st December 2009.

Axis Bank

• Axis Bank has launched a dual rate home loan scheme under the name “Power Plus Scheme”
• Under this scheme the interest rate is fixed for the 1^st year at 8% and thereafter it becomes floating. The floating rate charged will be 3.50% below the Mortgage Reference Rate (MRR).
• The bank is offering loans upto 30 Lakhs under this scheme.
• The margin requirement is 15%.
• The scheme is valid till 10^th December 2009.
• The bank has waived off pre-payment charges under the scheme.

We have got all the above information from the websites of the respective banks. However customers are advised to check with the banks for the final rates and other terms and conditions as these may be subject to change.

While the banks are fighting hard to win every additional customer; the customers are having a merry time choosing from the multiple options that they have on offer. A customer should compare all the options available and study the pros and cons of each offer and finally select the offer that best suits his requirement; after all buying that dream home is the biggest financial decision of their lives for lot of us. So Happy Home Loan Shopping!

This article is written by Gopal Gidwani!

Huge builders are taking their job in major cities that acts as commercial centers where people go to look for jobs. In Vijayawada city, builders make apartments and flats at very considerable rate. The results of their work show excellence and hard work because developers are usually there to make sure that these builders do a good job. These companies also offers’ housing facilities and it is advisable that people should buy homes under well-known builders to avoid future complications. These housing and construction companies have set out to build complex residential houses in all the Indian cities, they build in each and every city and the cities all have gained good housing facilities.

Housing and construction companies in Vijayawada are well known for their skill and proficiency in building of classy modern houses over the years. The real estate sector has heavily invested in Vijayawada and there are still high hopes of more projects to com up in the city. With a flourishing economy and a promising future Vijayawada, housing companies are known for their state of art buildings projects. There are several projects announced every day and these shows how there are several investment opportunities in the real property sector in Vijayawada. The number of housing companies has greatly increased as the city is gaining momentum in its growth in order to cater for the high demand on mass residential and commercial properties.

An example of a housing company in Vijayawada is the Vijayawada Development Authority. It has three offices. In the city of Guntul, Tenali town and Mangaragili town. Vijayawada Development Authority undertakes construction of commercial hubs, shopping areas and offices as well road extension and other expansion projects. It also provides recreational services by constructing parks, community centers and fields. The housing companies in Vijayawada works closely with Property Dealers as they help to market their projects. They also have an association with major banks and financial institutions where they get loans to carry out their duties effectively.

Among these companies are the Kanakia Construction and Builders Group. The company commonly known as the Kanakia spaces specializes in international construction and styling to deliver to you a combination of the latest builder space with decent lifestyle. The group will ensure that you will acquire the housing structure that you will develop a sense of ownership as it will meet all your basic requirements. Kanaki space in this case will deliver more than what it had promised to you. As a matter of fact, the company will offer timely delivery and a package of promise facilities. Besides construction of residential units, Kanaki space is specialized in development of commercial and business complexes and also school buildings. They also undertake real estate, entertainment and hospitality among others, with substantial respective spaces.

Another well known construction company is Shapoorji Palloji & Co. Ltd. This company has been dated in construction for ages. It is as old as 140 years and was then build to meet the basic needs of water supply to residents in Mumbai. The company has been involved in different projects running from construction of Factories, Nuclear research labs, scientific research centers, Airports, Stadiums, Hotels and Hospitals among others. The group of companies is not limited to India but is also extended to the Middle East. The construction company was the oldest in India as well as the largest one. They were the first company to be ISO certified and the first one to build the six-storey residential towers. With this performance in the industry many people have seen it as the answer to the best structures owing to the fact that any single brick that it lays is of the highest standard.

Tata Housing Development Co. Ltd. has been another reliable group of company in the industry. It was established in 1984 with its main purpose of managing the Tata Company. The company is basically focused in its work by identification of land, conceptualization of the project, the Architectural design, development, construction and finally marketing and estate management. Due to its availability in the industry many have come to appreciate its finest construction with the current techniques and timely documented completion of their projects.

Thane Housing construction companies is composed of the oldest companies and their experience is an asset that many people have appreciated. The group has answered the dreams of many residents rewarding them with a sense of ownership for their structures.

Due to an increased demand for residential houses, the construction projects are majoring in development of housing property. Before the Puri Development Authority takes up any project it must first carry out a research of the real estate markets in order to see if there will be market for their project. They work closely with property dealers, as they are the ones charged with the responsibility of dealing with buyers. Thus the property dealers know the exact demand of the real estate markets and are able to advise the Puri Development Authority on issues related to market for their project. This will help to determine if the projects are viable or feasible at long run. Puri Development Authority majors shopping and retail outlets, offices and commercial centers, tourist entertainment spots and other several commercial property. The housing projects are purely done by the housing companies who specialize on that area. If you need to buy a house in Puri town, it is advisable that you consult the banks and the financial bodies in the area as they can even provide you with loans.

Housing companies in Puri
There are a number of leading housing companies in Puri. The major one being Arya construction Pvt Ltd. This is a group of young motivated professional with a goal to improve on the living conditions of people. The company is led by Er. Sanjay who is an experienced director. The company is well known for its production of elegant living conditions at a very reasonable price.

Builders and developers in Puri
Neelachal Build-tech & Resorts (P) Ltd is one of the companies that started business as builders, contractors and developers of several storied houses and sub-contactors. In just five years, the company has built a huge customer base due to customer satisfaction with their quality projects. Its one of the leading companies in the real estate market.

Puri property developers
Maruti estate India is an example of company that deals with development issues. it has been there for over ten years and has achieved a lot in those ten years. It has produced inventive and realistic ideas that are evident in its projects.

Pune housing construction companies are also responsible for giving you luxurious housing properties like villas, flats, condominiums, pent housing, vocational and residential homes and several others. There are no other builders in India who are highly regarded as those from Pune. These builders and developers in Pune gives you some of the most lavished and unmatched real estate development projects which is why they are among the most esteemed ones in the entire nation of India. The Pune Development Authority is the body that takes care of the basic housing facilities therefore unless a construction company is registered by this authority it will not be allowed to carry out any building work. The work of this authority is to take care of the housing projects by employing the building contractors who meets the requirements to carry out the work. They are also the ones who sell land directly to home builders or those real estate developers.

The authority is not only responsible for the housing projects, it is also task to bring out the most endured commercial space for example the office complexes, shopping arcades and business centers. The retail and the much needed business properties are made available to you by the high esteemed properties builders in Pune. These construction companies are responsible for coming up with such projects as shopping malls, office complexes, and to come up with a complete layout of the township in terms of the parks and such other amenities. In Pune you will find the state-of-the-art shopping malls, housing areas, business centers and several other social amenities which are unheard of in other cities in India. Some of the most regarded construction companies in Pune include Gokhle Builders which is made up of highly qualified professionals who have got many years of experience. Naiknavare and Associates Construction Company have its headquarters in Pune and deals with real estate construction properties.

Housing construction companies in Pondicherry employ people who have thorough knowledge about the entire construction process. They also enjoy good working relationships with other players in the housing industry. These are people like house architects, building material suppliers, agents and others. These construction companies operate in either of two main ways. They can buy plots or land and embark on constructing residential houses and commercial buildings on the land. The residential houses are usually for rental purposes. They also build commercial buildings for rental purposes. The other method used by construction companies is where they are hired to work on intended buildings which belong to someone else. A government body, the Pondicherry Development Authority is another big player in the construction industry. It allocates huge projects to construction companies, which include building housing complexes for low and average income earners. Building companies also construct up-market residential houses for the upper- class residents.

They are famous for their quality work, made so by the good quality materials they use in the constructions. They incorporate their knowledge and skills in a careful and creative way that is evident in the ambience given by Pondicherry houses. Some construction companies specialize in one particular house layout and others cover the whole range of civil construction structures. There are specialists who deal with flats and apartments only; others specialize in building commercial houses and/or industrial construction.

One of the famous construction companies in Pondicherry is Martha Constructions. They deal with all spheres of construction including residential, commercial, and industrial. They also offer architectural services, real estate consultancy, both interior and exterior designing of houses and property dealings. Another company which has a big portfolio in the construction industry is P.M Desarathachetty & Co., who also gives good value for money. Other companies that are affiliated with the construction business are Sakthi Murugan Co and Earnest Goodkial & Co.

New several projects are coming up daily and this brings a suitable opportunity for the housing companies and the real estate builders to go into construction of the mass houses in Patna. Due to its strategic location in the capital of Bihar, Patna is a central trading center. The city houses the entire bureaucratic staff in the area. Thus, the city demands housing solutions that are able to accommodate all these people. However, Builders in Patna faces one major challenge of building adequate houses and commercial offices within the least time scale possible and at best possible building standards. Recent trends show an increase in shopping malls, commercial offices, multiplexes and trading centers that have changed the face of the real estate market in the city. If you want to purchase a house or any property in Patna, you should contact the Property Dealers so that they give you details and information on the available projects and any upcoming projects so that you chose which one best suits you. You can also contact the house companies as they sometimes are directly involved in selling of property. Besides, they can offer you loans to be able to purchase the property with easy funding plans as the cost for property has gone tremendously high due to the ever-increasing demand for houses and property.

Patna city has several has several housing companies. Examples of these are, Ashiana Housing and Finance (I) Ltd., Frontline Projects and Engineers (Pvt.) Ltd., Aprajita Developers Pvt. Ltd., Magadh, Colonisers Pvt. Ltd. Amongst others.

Ashiana Housing and Finance (I) Ltd. Has been on service for twenty years and its famous in major cities for its many projects undertakings. It has built over 80 lac. square fit of both residential and commercial areas in has undertaken projects in Bihar, jharkhand, Hryana, Uttar Pradesh, Rajasthan, and Delhi. It has established itself as company that produces quality construction, safe venture and reliability of obligation. Frontline Projects and Engineers on the other hand have completed many successful projects like, Hope Apartment, Hope Mahindra, and Sheera Regency amongst others.

The housing companies in Patiala give you a wide rage of villas, group housing complexes, flats, condos and many other luxurious properties. This is why they are called the property builders. Due to the effort invested in delivering the best to this city, it is changing and gaining an attractive look with the development taking place at the right place and time. This factor has been seen to success through the tireless work of commercial property builders. They are able to give you the best retail arcades, Shopping malls and entertainment zones, which composes of movie theatres, picnic sports among others.

The housing company is highly focused on giving their best to the city. They ensure that real scenarios are undertaken which enables the company to conduct some analysis that will help them to classify the projects with their basic requirements. This information is captured from the property dealers in Patiala dealers. The information that has been collected enables the housing company to know how urgently a project is required and its importance. The properties constructed are therefore sold to the dealers whether directly or indirectly. Buying a building in this upcoming city of Patiala can be a potential dream for many people. This is facilitated by the availability of home loan in Patiala and the attractive prices that are offered for the wide variety of houses.

The housing company has its website designed for houses. Potential property or house buyers are able to get wide variety of houses. They can select the suitable houses which are salable as well as rental properties. Alongside, the conduct details of the dealers are available ensuring efficiency when you have selected the best property. From this website other types of information will be provided like banks providing home loan and insurance companies.

The housing company has also realized its success through the suppliers who are always ready to supply high quality construction materials hence fastening the process. These include cement, bricks, metal rods, gravel, and marble among others. The company also ensures home entertainment and proper finishing of lighting and fixtures to the construction of the residential hoses.

The main purpose of forming this group was to provide financial assistance to those people who want to buy flats. In addition to giving affordable housing the company also had signed a memorandum of understanding with Marriot International Inc. USA to construct three hotels or resorts projects in Cochin, Goa and Jaipur. Lok Global and National Construction Construction Limited is being pushed by this company to provide large hi-tech engineering and other infrastructural development duties like road construction, building of highways, railway with electrification, road over bridges, seaports and tunnels. They are being propelled to do all these things not only locally but also overseas. The company post for new residential projects namely Lok Kedar, Lok Amber and Lok Nisarg. This particular company has also launched other several new projects which are Lok Malhar, Lok Prabhat and the increase of Lok Everest.

This company also performs the construction work satisfactorily and is headed to start a multicrore project. This project is capable of changing the scenario of some of the debts of the company. There are also several other ways that the company is doing to improve its performance which include settling its debt of different nature. Panaji is one of the fastest growing cities in the world which is why there is need to improve on the infrastructure such as roads and housing.

Anybody can search for residential properties in Panaji thanks to the real estate website which has bring a total transformation in the way people search for these properties. Most of the work being done nowadays by property dealers can also be done through the website. Even the duties of home builders and architects can also be improved. The people who benefit the most with the availability of a website are the property buyers because one can do a comprehensive search of those properties that are available for sale in Panaji. It is also easier to compare prices and know the latest developments.

Noida development authority and the Building Contractors in Noida are jointly in charge of all the construction projects within the city boundaries. Of late there has a been a rise in the demand for the construction of properties like shopping malls, Information Technology parks, office buildings, warehouses, industrial houses, business technology parks and multiplexes. This in turn has led to the increase in number of the commercial property builders in order to cope with the market demand. Property Dealers in Noida provide information on the exact market state of affairs of the local real estate markets in Noida. This means that real estate builders and the Property Dealers in Noida have to work closely so that real estate builders can acquire information about the ongoing market trends so that they can plan their projects accordingly.

Banks and financial institutions is another associate group that builders and property dealers have to work with as they provide loans for building homes in Noida. They provide a home loan solution as the property costs keeps on going up so as for individuals to be able to cope with financial issues. Examples of Noida housing and construction companies include, Unitech Real Estate Developers, Triveni Constructions, Shipra Group, Supertech builders, Triveni Infrastructure, Jaipuria Group, Jaypee Group amongst others. Unitech Real Estate, constructions has made a name for itself with its extensive properties and projects in Noida, Bangalore, Kolkata, Gurgaon and other parts. After its success in India, this company has extended its horizon by taking over projects in different countries as well. Besides its active involvement in real estates, it has also dealt with construction of highways, hotels, power plants, office spaces and shopping malls.

Triveni constructions and properties have stretched out their real estate trade by taking several housing projects in Fabridad, Delhi, Jaipur and many other cities in India. This company is not only now dealing with real estate and residential property but has also set foot on hospitality industry. It has already completed constructing a five star hotel project in Delhi. With an experience of more than 17 years Shipra estate Ltd. extremely incorporated townships, classical malls, prolific hotels, business centers and IT parks. The main establishments under Shipra group include residential townships like Shipra Riviera, Shipra Sun City, North Star city and Noida. Under commercial projects, it has accomplished Shipra Mall, Multiplexes, IT Park, and Theme parks e.t.c.

Noida housing and construction companies have undertaken the construction of residential, commercial and hospitality complexes that are built of international standards giving Noida a better-modernized look.