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IOMS at a Glance

Indus Empire - On it's Last Stage Of Phase I
Indus colonizers have almost completed the first phase of the duplex bunglows, near Chuna Bhatti.Under this project almost 200 bungalows have been constructed. Indus Colonizers have started the construction of Phase - II, under which around 100 bunglows have to be construction. The founder of Indus empire, Sanjeev Kumar Mehta and Dharam Pal Singh told in après release that other than Indus Empire the construction of Indus Umang is in last phase and the booking of Indus Muskan -2 is on the track.. Having one's own home, that too in a metrocity, is like a dream for a common middle-class man; the dream can not be realized only by dreaming it for it demands for a substantial amount of money which is often not less than a tough task for a middle-class family.

Having one's own home, that too in a metrocity, is like a dream for a common middle-class man; the dream can not be realized only by dreaming it for it demands for a substantial amount of money which is often not less than a tough task for a middle-class family.

But the scenario has now changed. The growing competition in the construction field & the recent initiatives taken by some private & Public banks have given the reason to the people to think of their own home at a reasonable cost.

Following the recent deduction in the long-term home-loan-interest, the home-loan market is seeing a phenomenon of excitement and a growing number of those who have been cherishing the dream of 'Own Home' for long.

The government & the Bankers are thinking to further provide more relief through cut in interest rates for the prospective home-loan seekers. Also, the RBI has plunged in to the fray by cutting the rate of interest on short-term home loans by 0.5 %.

These stunts do create hope for the people but put them in a dilemma that which bank or company is more reliable for them.

The specialists of home-loan market put three ways before the home-seekers:

• First, calculate how much it amounts to including the principal amount & the interest on it. Whichever bank you visit, should be asked for the complete amount you are to pay by the end of the period for which the loan is being taken. In this way, you can go to other banks also & collect the informations. This will help you choose the better option.
• Also, please check whether the interest is calculated on daily-basis or monthly-basis. Day-based home-loan interest is rather less than that of monthly-based.
• The duration for which you take loan should not exceed 20 years. Very often, people, caught by the temptation of low installments, take the loan for more than 20 years & unknowingly happen to pay more than what they should pay.