Buying an Independent House in Bangalore, here are some important factors to consider maximizing your benefits. Big cities in India today come with very high rental yet they seem to be affordable. Over the last five years the real estate had experienced a lull and home buyers are showing enthusiasm now. There is definitely bullishness in major cities like Pune and Hyderabad and the huge inventory in the Delhi NCR and Bangalore has left the interest level low in the region. Buyers are not in any hurry to buy despite the bullishness nature of the real estate sector. There is growing awareness and finding real estate that can match the asset classes is very limited.

The increase in the income levels has led to the demand for Independent houses in big cities like Mumbai, Bangalore, Delhi, Pune, Hyderabad among others. Despite the returns from the real estate being jerky, people are willing to take the risk. While buying independent house consider the following factors:

• Research before finalizing the deal. There are bargains everywhere as the investors are desperate to come out of the real estate. Investors are offloading properties that are a couple of years old and the supply is high in the secondary market.
• Depending on your monthly income decide on the loan. The lenders also consider income from other sources along with loan repayments. The assumptions are an interest rate of 9% for a 20 year repayment period. The loan amount sanction is 70% of the cost of the house.
• While deciding on a housing loan it is important to choose the right lender. In this connect loan aggregator portals come to your aid. They compare the lenders and match them with the borrowers.
• Consider the rising rates, when the rates are increased the tenure is extended. Sometimes the banks may call for a deposit or money upfront or increase the EMI.