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PdotG Group is well know for developing properties and building quality & affordable residential apartments and luxury flats in Chennai, Bangalore and Tirupathi. We are one of the best builders developers in Chennai. With excellent features, facilities and specifications, PdotG Property Development is committed to offering you innovative living spaces.

Real Estate in Chennai
Real estate in Chennai has been undergoing a shift in its real estate trends recently. While, the commercial properties of Chennai have reached a point when it is very difficult to purchase a property in prominent locations, the residential property preferences are also changing.

Chennai Property Prices have been on rise since long, especially the commercial property rates. The rates of commercial properties are very high in areas like IT, T.Nagar, Anna Nagar, Adyar.

Further, the booming commercial segment and growing influx of IT professionals have pushed the residential demand and prices to a new high in Chennai over the last few years. Now, with increase in property tax by the state government the residential rental values have increased manifolds.

Moreover, with more exposure to other developed countries and salaries going up, people all over the country want a luxury life style. This trend has also caught up with Chennai properties as well, wherein people are now more into 3 bedroom lifestyle homes.

Also apartment flats in Chennai are gaining popularity day by day due to the increase in population and lack of space. Many prominent builders in Chennai are building projects comprising of luxurious apartments, providing ultra modern facilities. With young professionals going in more for rented units the lifestyle apartments are attracting huge investments from NRIs.

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Property Developers

PdotG Residential Property Developers

PdotG Group is well know for developing properties and building quality & affordable residential apartments and luxury flats in Chennai, Bangalore and Tirupathi. We are one of the best builders developers in chennai. With excellent features, facilities and specifications, PdotG Property Development is committed to offering you innovative living spaces.

Financing options for real estate buying

Buying a home is probably the biggest purchase (and maybe the biggest dream as well) a common man makes in his life. Having your own home is seen as a milestone in anybody's life. However it is not so easy for most of the middle class families and it may cost a good percentage of their lifetime savings. Same is the case with real estate investors, many times they see a piece of property that comes as an extremely good investment opportunity but few investors have that much cash in hand all the time. The bottom line is that you need some modes of finance, if you are going to buy some residential or commercial property. Following are some commonly used (and some not very common) options.

Mortgage loans:

When you are in need of buying a property and not having funds for that, you will go for the loans. In this case the lender will be an investor, who is giving out this loan as an investment (known as ownership investment). These investors need to have some security that they will get returns on investment or at least the amount they are investing. When you pledge your home as a security to your lender, it is called a mortgage. The lender now has a claim on the property, and in case you are not able to pay back in future, he has the option to sell the property in auction (foreclosures). Mortgage is the most common source of finance for most real estate buyers and investors. You can chose between fixed rate mortgage and adjustable rate mortgage, there's a third type as well that combines the advantages of both fixed and adjustable rate mortgages (called blended rate mortgage).

Government housing schemes:

Governments, in order to facilitate their citizens, offer housing schemes for middle or lower class people. Also there are some organizations or local government bodies offering housing finance. These loans are not valid for investment purposes, but if you are looking to purchase a home for your own use, you must look into these schemes. If you are eligible for such loans, the rates will be much lower than commercial loans. These schemes vary from state to state or country-to-country, in United Estates some well-known schemes are VA loans or FHA loans.

Family or your credit cards:

Borrowing from your family or friends is another good option. Unlike commercial lenders, they will be much more cooperative (depending on your relations). In most cases you don’t have to pledge your property or some other assets as a security. On a side note, for lenders lending to their friends or families, there's nothing wrong in making a written agreement. Credit cards are not a good long-term financing option, but it can be helpful when you need relatively small amount for down payment or monthly installments.

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Realtors

Find REALTORS

Pdotg Constructions India Listings and Businesses offers design & development of residential and commercial complexes. PdotG India Realtors services go beyond just helping you to attain greater profits.

Realtors happy over tax exemption on housing loan interest

NEW DELHI: Realty firms and consultants on Monday expressed satisfaction on the proposal to retain income tax exemption on interest up to Rs 1.5 lakh a year on housing loan, but said the government needs to enhance the limit.

"It is a very good thing that the government has retained the exemption. It will have a feel-good sentiment in the market," Jones Lang LaSalle Meghraj Country Head Anuj Puri said.

He said the move will not dishearten the low and mid-income group from going ahead with their buying decisions.

The first draft of Direct Tax Code (DTC) was silent on exemption on interest paid on housing loans. However, after adverse feedback from various quarter, the second draft proposed to retain this exemption, which is also incorporated in the bill.

Commenting on the development, the country's largest realty firm DLF Group Executive Director Rajeev Talwar said: "It is good that the exemption has been retained. However, the industry was expecting enhancement of the limit.

"I think, in future the government has to consider increasing the limit to include more people in the bracket."

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PdotG Residential Property developers offers apartments & flats, realty market in in Bangalore, Chennai, and Pondicherry. We are the realtors committed to provide a property development and high quality housing for all.