Welcome to Arputhalaya
A Tradition of Trust.
Turning Your Dreams Into an Address
- This is the right time to purchase a home, before escalation strikes again.
- You get a sophisticated, modern and independent bingalows at the cost of a flat.
- While buying a flat you end up paying 20% for the common area while the actual area available to you would be 80% as against the entire area at your disporsal in the case of an independent bungalow.
- As arputhalaya would be an organized layout, you can enjoy the advantages of a flat in terms of security, social networking while at the same time maintaining the uniqueness and peaceful traquility of your own bungalow.
- The open space, lawn, terrace are all at your disposal and hence their utility and aesthetics can be planned as per your requirement and taste.
8.5 km from IT coridor
Industrial sector
7.0 km from tambaram railway station
Comfortable Transportation
10 km from airport
Departure, arrival is on your steps now
Minutes away from schools and super markets
Renowned Institutions around you
Site Plan
Housetype
Floor Plan
Floor Plan
Floor Plan
Interiors
Loan
| Financial Institutions | Tenure(in years) | Rate of Interest(Fixed) | Rate of Interest(Floating) | Processing Charges |
|---|---|---|---|---|
| State Bank of Travancore | Up to 5 years | 12.25% | 10.75% | 0.50% of loan amount |
| ICICI | 0-20 years | 10.5% | 9.5% | 1% of loan amount |
| LIC Housing Finance Ltd | 0-20 years | 10.5%- 11% | 9.5% | 0.5 per cent of the amount (max. Rs. 5000) |
| HDFC | 0-20 years | 13.25% | 11.25% | 1% of the loan amount +applicable service taxes and cess) |
| HSBC | 0-20 years | 10.75% | 1% of loan amount | |
| Citibank | 0-20 years | 9.75% | 9.00% | 1% of loan amount |
| Canara Bank | upto 5 years | 10.75% | ||
| Standard Chartered Bank | 0-20 years | 10.5% | 9.25% | 1.25% of loan amount |
NRI
Non Resident Indians (NRI ) can take loans for building a house or for buying a plot or house in the country. Every bank follow the RBI guidelines to define NRI, "An Indian citizen who holds a valid Indian passport and who stays abroad for employment or for carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a NRI." An NRI applicant is eligible to get a home loan ranging from a minimum of Rs 5 lakhs to a maximum of Rs 1 crore, based on the repayment capacity and the cost of the property, which although may vary by the priorities of the home loan provider. Interest rates for NRI loans do not vary much from that of the Indians living in this country. But the loans will be sanctioned only for a shorter period. NRIs will get only 85% of cost of home as loan amount. The size of the loan depends upon the borrower's repayment capacity. Up to 36 times of the gross monthly earnings of the applicant may be issued as loan. However, there is a maximum limit. Calculation of eligibility is same as that of Indians living in the country. As the NRI is living far away, banks have to take greater care and therefore they will ask for more documents for ensuring their eligibility for issuing loans. They include
- Passport and Visa
- A copy of the appointment letter and contract from the company employing the applicant.
- The labour card/identity card (translated in English and countersigned by the consulate) if the person is employed in the Middle East
- Salary certificate (in English) specifying name, date of joining, designation and salary details.
- Bank Statements for the last six months
Property Documents :
- Original title deeds tracing the title of the property for a minimum period of the last 13 years.
- Encumbrance Certificate for the last 13 years
- Agreement of sale /construction, if any.
- Approved plan / license.
- ULC clearance /conversion order etc.
- Receipts for having invested the margin money through normal banking channels from the Non-Resident ( External ) account in India and / or the Non-Resident ( Ordinary ) account in India
- Latest tax paid receipt.
The re-payment can be made as equated monthly Installments (EMI) through Non - Resident Ordinary (NRO) account or the Non Resident External (NRE) Account.