I stay in Hyderabad and I would like to buy a plot in the outskirts which is a farm land. Assuming this agriculture land cannot be converted to residential land, can I still avail home loan and get tax benefits? It falls in gram panchayat layout and is not HUDA approved. Pls let me know which bank I can approach.
No bank will finance you for un authorized houses constructed on a illegal layout. If it is outside of HUDA area, then Grama Panchayat layout are valid. But if the land conversion is not passable (like in Shamshabad area - Green built area - bio zone area), then no bank will finance it. But if any one finance it, weather it is a legal house or illegal house, then you can avail income tax benefits. The Income Tax department will give benefits on any house let it be in Delhi or in a small village. For getting home loan in india is IT return mandatory for a salaried employee ?
yes it is. Otherwise you may prove that you were not liable to file return. Can I get all home loan rates in India?
I want to see all floating and fixed home loan rates in India. Is there such a website because I don't want rates only from 4 or 5 banks
Compare fixed and floating home loan rates and they also give other useful info such as fees, eligibility, margins etc. Definitely check it out. NRI home loan in India?
am planning on buying property in india .. which bank offers best nri home loan rates.. any heads up please ?
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very good information you can find more helpful information on my blog here http://dreamhomeloansindia.blogspot.com
ReplyDeleteIts a beneficial thing that Applying for a Mortgage provide tax benefits. What I an curious to know about how it helps a Borrower?
ReplyDeleteHi..
ReplyDeleteI appreciate the ideas and this is very nice article and have great information.
Commercial property loan in India
You stay in Hyderabad and I believe you can get the home loan for that agricultural land for sure. By the way, reading your article has given me good insight about loan. Thank you for posting your question.
ReplyDeleteRegards,
Apoorva
Home Loan in Lucknow
Thank you for the useful information you have shared above.It is worthy to me.Now if you want to know about the Personal Loan Interest Rates in India so get the information regarding with the loans, then get all the details on EASYLOANSINDIA. And all the information related to other loans also.
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