Planning to buy a flat

Hi,

I am planning to buy a flat in chennai probably a 2BHK flat.
My budget would be 20-25 L. If i apply for loan what would be the down payment? and are there good flats available for this range in good locality?

If so where? i am looking at chennai south. near tidel park, OMR, ECR etc.

Please suggest.

Thanks,
Chitra.

Dear chitra,

Welcome to this forum.

All the best for your house hunting. you did not mention whether you are looking at first/second hand. both are available at present.

Define a good flat??

For a budget of 20/25 L, your down payment will be 15% and the loan amount will be 85%. If you are resident indian, you have very competitive rates in housing loans right now..with some of the public sector banks givng at 8.5 to 9 % which may go up, if the government decides to boost the infrastructure and the other companies related.

We have discussed a lot of projects, areas, and also requirements when buying property. do check them at leisure and post your questions there. will be moving this thread in a day or two to the main thread on housing.


Buying property ???

Current Sq Ft rates at chennai