GOLDEN PANORAMA an inspiring project From GG Properties located in Kanakapura, Bangalore available with 3BHK and 4BHK Apartment.
Frank Talk
Increase of Margin Money for Housing Finance
GOLDEN PANORAMA an inspiring project From GG Properties located in Kanakapura, Bangalore available with 3BHK and 4BHK Apartment.
Golden Panorama is that perfect abode located just off the Kanakapura Road. Everything is just 5 – 10 minutes drive away, including Metro rail station and NICE Road. Spread over 5 acres, it offers 2, 2.5 & 3BHK luxury apartments in sizes ranging from 1210 to 1785 sqft. It s the perfect project that offers great value and leaves little to bargain for.
And we believe, rightly so, that it will make your lifes picture complete. Stunning, contemporary elevations Smart and Green living features Excellent connectivity by Road / Metro network Minutes away from leading Schools / Colleges / Hospitals. Close to the bustling JP Nagar / Bannerghatta Road Fully loaded club house with lifestyle amenities Multiple indoor and outdoor sports facilities
Amenities:
SPORTS
Cricket Pitch with Nets
Basketball Court
Badminton Court
Tennis Court
Indoor Games (Table Tennis, Carrom & Chess)
HEALTH & FITNESS
Jogging & Cycling Track
Aroma Gardens
Swimming Pool
Gymnasium
Clubhouse
Jacuzzi
Increase of Margin Money for Housing Finance
The burden on the purchasers of property have gone up significantly due to the recent policy of Government. Recently, the RBI has issued a notification directing banks to stop taking stamp duty and registration costs into consideration for property valuation.
The effect of this notification is that the purchasers have to shell out more from their pockets. As it is, the Banks give loan only up to 80% of price of the property . The stamp and registration charges can normally be estimated to add to the costs by 10%. As a result now the amount which will be given by the bank will be only about 70% and the purchaser has to shell out the balance 30%.
Now-a-days purchasing a good flat will cost an average of 1 Crore. In such a case the Purchaser has to pay Rs 10 Lac from his pocket, which is generally a big amount for the salaried circle.
This policy adopted by the Bank may further increase the pressure felt by the public already reeling under the mounting pressure of inflation. The property prices are sky rocketing and this additional burden will ultimately result
in genuine home buyers getting squeezed out of the market. This will increase speculation in property though the basic idea of this policy is to curb it.
RBI has to do the needful changes III Housing Finance Policy which will be helpful to the general public.
GOLDEN PANORAMA an inspiring project From GG Properties located in Kanakapura, Bangalore available with 3BHK and 4BHK Apartment.
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