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Should I buy a ready or under-construction flat to avail loan?- Property Hotline
Posted
December 2, 2016
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December 2, 2016
1,579
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3:27Now PlayingExpert: Kartik Jhaveri, Director, Transcend Consulting (India) Private Limited.
Question: In order to avail a home loan and its benefits should I buy a ready to move in property or a property where possession is expected by next year. What will be the effect on home loans after demonetization?
Answer: If you buy an under-construction property then all the benefits you have accumulated should be distributed subsequently for next 5 years. If you buy a ready property then automatically your EMI will be paid and you will get all the benefits. For under-construction it will take time.
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