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ITREND Homes | Convertible Homes | 1BHK in Hinjewadi | 2BHK in Hinjewadi

ITrend Site Add: At S. No. 275/1 and 276/1, Mann, Hinjewadi, Pune
Contact : 09511951142 | 09561615858

Super Site Address: At S. No. 275/1 and 276/1, Mann, Hinjewadi, Pune
Contact : 09511951142 | 09561615858

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Stop Adjusting | 1BHK in Hinjewadi | buy 2BHK in Hinjewadi

1bhk in hinjewadi

1bhk in hinjewadi

1bhk in hinjewadi

1bhk in hinjewadi

1bhk in hinjewadi

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What is RCM? | Home Loans in Hinjewadi | 1 and 2 BHK in Wakad, Pimpri, Chinchwad, Punawale

This tax is paid by Service recipient and they are eligible for Input Tax credit.

For eg: - In the April there are purchases of Rs.20,00,000 from unregistered dealers, then the recipient has to pay tax in the month of May on Rs.20 Lakhs and they can take tax rebate of the same from Liability of May. (i.e Money will be blocked for 1 month with department)

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What is new for promoter builders ? | 1 BHK in Hinjewadi | Residential Apartments in Hinjewadi

Every prompter/builder has to pay Tax on RCM (reverse charges mechanism) if they purchase any goods from unregistered dealers.

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Whether there is any provision under GST to decrease the Price of flats? | Trend Homes | Residential Apartments for sale in Hinjewadi

Yes under section 171 of GST law it is mandatory to pass the input tax credit benefit to buyers. This clause is also called as Anti-Profiteering Clause. As per the said clause, the promoter/developer has to pass reduction of any tax rate to the flat purchaser by way of commensurate reduction is sale prices. The concerned authorities under GST have given powers to verify the same.

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What is the position of Under Construction of Buildings under GST? | 1 BHK in Hinjewadi | buy 2 BHK in Hinjewadi

For under construction projects, builders have to take stock which is lying as on 30/06/2017 and they are eligible to take input tax credit on the same provided these materials are supported with Invoice copies and such is not more than 1 year older of appointment date of GST.

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Whether there is any GST on sale of land and sale of residential dwellings after completion certificate? | Trend Homes | 1 BHK in hinjewadi

No there is no GST for sale of land and sale of residential dwellings after completion certificate is received provided that entire consideration is received after completion certificate.

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How to charge the rate of 12%? | Trend Homes | Residential Apartments for sale in Hinjewadi

Demand notice/letter should specifically mention Demand Amount and CGST @ 6% and SGST @6%.

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What is the rate of GST for construction of residential building? | 1 BHK in Hinjewadi | buy 2 BHK in Hinjewadi

 

Rate of GST for supply of construction service is 12% . The promoter/developers is allowed to take credit on it’s input costs i.e purchases and services provided by the contractors, sub-contractors, suppliers, professionals etc.

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SBI cuts home loan rates by 25bps to 8.35% | 1 BHK in Hinjewadi | buy 2 BHK in Hinjewadi

SBI Rate Cut 3

SBI - the country's largest lender- which offers the lowest home loan rates, has cut them further. Home loans of up to Rs 30 lakh will be cheaper by 25 basis points at 8.35% and those above Rs 30 lakh will be 10 bps cheaper at 8.50%.
A borrower will now save Rs.540 per month on a Rs. 30 lakh home loan and in a year the saving will amount to Rs. 6,360. Limited period offer up to July 31, 2017.

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RERA to be implemented from May 1: Here are the benefits buyers must know | 1 BHK in hinjewadi

RERAIndia's real estate sector has been marred by inordinate project delays and poor quality of construction. Last year, the government had announced the much-awaited regulator for the realty sector.

Here are six ways in which homebuyers stand to benefit from RERA, which will come into force from May 1:
1) Escrow account:

The developer will have to transfer 70 per cent money received from home buyers to an escrow account. "This money will be withdrawn as per the stages of construction, approved by engineers and chartered accountants of builders. This will prevent developers from using the money raised for one project for any other project

2) Pay for what you get:

The buyer will pay only for the carpet area (area within walls). The builder can't charge for the super built-up area, as is the practice at present, where you get 900-1,000 sq. ft. carpet area if you book a 1,300 sq. ft. house (the rest is balconies and common spaces).

3) Clearances before selling:

Developers will be able to sell projects only after the necessary clearances. Under RERA, builders and agents will have to register themselves with the regulator and get all projects with more than eight apartments registered before launch. This will take care of common malpractices such as selling property before getting the necessary clearances. The builder will also have to disclose every detail about the project - number of apartments, carpet area, etc.

4) Five-year warranty:

The builder will have to provide for any structural defect in the building for five years. However, the law doesn't define structural defect clearly, which may lead to disputes between builders and home buyers

5) Will property prices increase after the implementation of RERA? Property prices are not connected to RERA. It is determined by demand and supply in the market. Given the scenario right now, I do not think prices will see a correction after the implementation of RERA. However, margins are expected to increase because of lower cost of construction and developers will be in a position to pass the benefits to customers.

6) Role of states:

Although RERA is a central law, its implementation will depend on state governments, as real estate is a state subject

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Why one should buy a 1BHK or 2BHK in Hinjewadi at ITrend Homes | Residential Apartments for sale in Hinjewadi

1BHK in Hinjewadi

ITrend Homes is a true value for money residential project in Hinjewadi. Few of the key differentiators include:

While quoted residential prices in Hinjewadi are expected to remain range-bound in the short term, our project is offering various discounts through subvention schemes and freebies. Across-the-table negotiations are also taking place, which could help buyers get a good deal. If one is able to crack a good deal coupled with lower home-loan rates extended by banks, its a once in a lifetime opportunity value created for real estate investors in Hinjewadi as well as for first time home buyers.

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RUMORS: Real Estate Will See Impact on The Pricing By Demonetization | 1 BHK in Hinjewadi | Residential Apartments in Hinjewadi

1bhk in hinjewadi, 2bhk in hinjewadi

We appeal to potential home buyers to understand the long term effect and benefit of this great move and not be misled into believing that property prices will fall. There are rampant news articles about there being a correction in pricing of real estate by various opinion makers who seem to think they have the authority to make such claims.

As an industry body representing organised real estate,we again reiterate that the industry has always been catering to the primary market which comprises of end users who aggressively avail home loans. Moreover, with this step of demonetization, banks are again going to be flushed with liquidity of approx. 15 lakh crores and will be compelled to lend aggressively .To do that ,they will have to lower interest rates.

Demonetizing currency has also removed surplus liquidity from the market and this in turn will result in low inflation .We expect that the RBI would definitely, in the coming months ,reduce the REPO rates by at least 2% so that a home loan would come down to at least come down to 7% .

The home loan rates coming down to such levels of sub 7% in the next year or so, the atmosphere will become more like the west where home loans are available at 5%. and below .Unlike the western countries, India has a documented shortage of housing and homes ,an aggressive domestic demand for real estate. This essentially means that in the presence of a lower home loan interest regime, a larger pool of home buyers would avail loans to buy the home they always wanted. This could be made possible in as soon as the next six to twelve months. The housing industry will start to grow at a rapid pace while concurrently being in compliance with transparency and fair practices like RERA .

We appeal to potential home buyers to understand the long term effect and benefit of this great move and not be misled into believing that property prices will fall. Currently the real estate market is at its best possible price point with no further margin with the developers to reduce prices. Now it is the responsibility of financial institutions to enable home buying during such an optimum scenario.

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Switching Home Loans - A Matter of Profit and Loss | Home Loans in Hinjewadi | 1 and 2 BHK in Wakad, Pimpri, Chinchwad, Punawale

1bhk in hinjewadi, 2bhk in hinjewadi

When is the Right Time to Switch?

The best time to switch your home loan is during the primary years of repayment as it will give you the maximum benefit. If you are nearing the end of your repayment term, switching is not advisable for the EMI at that point primarily consists of the principal amount with barely any interest payment left. So ideally, consider a switch only if your loan tenure still has 8 to 10 years left. Apart from the tenure term, you also need to evaluate the rate cut. Switch only if the reduction in rates is at least 0.75 to 1.00 per cent. The rate cut and tenure period should preferably be inversely proportionate to each other. This implies that if you have a longer tenure term left, say 10-15 years, even the slightest rate cut of 25-50 bps can help you save a lot. You can use online EMI calculators for getting accurate figures.

Does Switching Cost?

Yes, it does. You are required to pay a one-time fee if you wish to switch home loans. This fee ranges between 1 to 1.5 per cent of the remaining loan amount. However, there are some banks who levy a fixed amount on switching. Besides, you are also entitled to pay a ‘foreclosure fee’ to the existing bank. In case you are interested in switching the loan rate with your existing bank, you will be charged a ‘conversion fee’ of 1 to 2 per cent of amount outstanding. This also has another benefit- you are saved from the nuisance of documentation and paperwork. Additionally, there are several other costs such as stamp duty, legal charges and valuation fee. So, do a little math and see if these overhead charges total up to more than what you can save on the interest rate. If yes, switching is ill-advised.

Longer Tenure, More Savings

Prudence dictates that if you want to save the maximum, switch only if your repayment period is at least 8 to 10 years. The other criterion that you need to keep in mind is that switching will only reap benefits if the difference between your present and reduced rate of interest is at least 1 per cent. For example, if your loan tenure is equal to or less than 5 years, you should look for a 1 per cent rate cut to profit. Also, settling for a cut of less than 0.75 per cent will not prove beneficial even if the repayment period is around 10 years. So think before you switch!

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Foreclosure - Do's and Don'ts | Home Loans in Hinjewadi | 1 and 2 BHK in Wakad, Pimpri, Chinchwad, Punawale

Forecloser

Most people have this doubt – If I get approved for a loan and then am able to pay off a certain sum or the full loan itself, will i have to pay interest also? Absolutely not. Infact RBI has made it more feasible. Banks until May 2014 were charging a processing fee for such foreclosure. The Reserve Bank of India in May 2014 made it clear that banks are prohibited from charging such fees.

1. What percentage of your income is your EMI – an EMI of over 40% of your monthly household income is definitely not desirable, it hampers smooth budgeting and your financial planning for a secure future. So if, for whatever reasons, your EMI is over 40% of inflows, do pay off your home loan as quickly as your capacity will allow – and do consult your loan officer for every charge associated with the repayment/s.

2. Weigh the impact of losing that tax benefit – you’re currently claiming certain deductions under say, Section 80C or 24B. Assess the impact of foregoing those benefits when you plan to foreclose a home loan. Maybe now is not the right time, a careful look at the increased tax outflow needs to factor in your decision.
3. How will foreclosure impact the rest of your financial planning – There are certain mandatories in financial planning, like retirement, children’s education, insurance, health care contingencies. Your foreclosure should not be at the cost of any of these. Any funds being considered for use in repayment should ideally be surplus after considering such essentials.
4. Better sooner than later – While it isn’t advisable to foreclose your loan within 6 months of taking it, you’d incur high processing fees; direct all surplus funds into early, rather than late, repayment of your home loan.
5. Measure the trade-off between Interest paid and returns on other investment options – Your surplus funds can be invested in numerous ways, some of these may offer better returns over a period of time than the loan-interest pay-out in that same time. An exception though would be a situation where you are nearing retirement and your salary income is due to cease- in such a case, foreclosure could be more attractive.

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High Cibil score is your ticket to a lower rate of interest | Home Loans in Hinjewadi | 1 and 2 BHK in Wakad, Pimpri, Chinchwad, Punawale

Interest Rate

What is the first thing that runs through your mind when you think of availing a new loan? Interest rates of course! Everybody in pursuit of credit wants to avail of it at the lowest possible rate of interest. Did you know that you can command a low rate of interest on a loan product based on a high CIBIL score? Let’s tell how it works. A low interest rate is desirable for any borrower as he has a lesser going out each month as a monthly outgo by way of an interest component.

A loan has two parts- the principal component and the interest component. The higher the rate of interest, the higher is your outgo by way of an equated monthly installment (EMI) that you will opt for on your loan. Naturally then, if your loan interest rate is low, your EMI is lower.

How banks decide upon interest rates

While there are benchmark rates of interest rates that each bank has on different loan products, they are not bound to give you the loan on the same rate of interest as may be specified on their website or any other such communication that you may have received from them. Banks decide upon the rate of interest based on your CIBIL score. When you apply for a loan, banks pull out your CIBIL report and CIBIL score. If your score is 750 and above, it is likely that you will get a loan at competitive rate of interest. In fact a high CIBIL score also gives you an advantage, and you may even consider bargaining with several lenders before you settle with one handing out the best rate of interest to you. On the other hand if your CIBIL score is poor and is way below the desirable level of 750, you are left with no power at all, and are at the mercy of lenders. Your CIBIL score is a measure of your creditworthiness, and a poor CIBIL score is reflective of the fact that your credit behaviour has not been up to the mark. As a result the prospective lender that you have made an application to for a loan views you as a “risky” customer who is likely to default on his repayment. The bank will then set an interest rate on the loan product that is higher than the industry benchmark. In fact, the bank has the discretion to even reject your loan application if it feels that you are too risky a customer.

How you can alter your CIBIL score

If a prospective lender is giving you a loan at a high rate of interest, you must check out your own CIBIL score and CIBIL report to see what has gone wrong. Most likely, you will have outstanding repyments on your credit card or loan repayments that have not been made on time. There are other factors such as a high credit utilization or how much of your total credit you have used up that have a negative bearing on your CIBIL score. There may have also been too many hard inquiries on your report, that happens when you have applied for too many loans in quick succession. Therefore, if you are being offered a loan on a high rate of interest, and your bank states that your CIBIL score is not satisfactory as a reason for the same, you may want to postpone your decision to take a loan and concentrate on bringing up your CIBIL score first. The easiest way to do so is to pay off your outstanding credit as soon as you can. Also, do not be impulsive about taking a loan and make several applications to different banks. Put in adequate thought before you make an application with a lender of your choice. At least six months before you decide to take a loan, pull out your CIBIL report and CIBIL score and see that everything is as desired in it. Only when you are satisfied with your own CIBIL score and have ensured that nothing is amiss in your CIBIL report, think of making an application to a bank for a loan that you require.

As we stated earlier, the moment you walk in with a high CIBIL score along with your loan application the ball is in your court. You can then be rest assured that the bank will then do all it can to get you as a customer. Your CIBIL score thus will not only open up doors for you, but is also your ticket to lower interest rates.

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Fixed vs Floating Rate of Interest | Home Loans in Hinjewadi | 1 and 2 BHK in Wakad, Pimpri, Chinchwad, Punawale

Fixed and Floating

By choosing a fixed rate of interest for your apartment you will pay the exact same percent of interest in the entire tenurity of your loan. The equatable monthly installments will not change. However, the Floating rate of interest, the more popular of the two, offers the flexibility of adjusting the EMI as per market dynamics.

Advantages and Disadvantages of Fixed Interest Rates:
Since home loans come with a longer tenure compared to most other loans, a fixed interest rate brings a sense of clarity when it comes to loan repayment. People with fixed budgets can get a clear idea of their EMI obligations if they opt for a fixed interest rate loan.
The biggest disadvantage of such a setting is that the fixed interest rate loans are anywhere between 1 to 2.5% higher than floating interest rate depending on the bank or NBFC. Usually most banks offer fixed interest rates for limited years and not the full tenure, making the user susceptible to floating market rates once the fixed rate tenure period is over. So read your loan agreement carefully before you proceed
Advantages and Disadvantages of Floating Interest Rates:
Floating interest rate fluctuates with market economics and interest rates are linked to a base rate and a floating component. The base rates are decided by the bank or NBFC concerned as per the quarterly base rate announcements of the Reserve Bank of India. Floating interest rates are usually lower than fixed interest rates although parameters like inflation and current account deficit are used in calculation of base rate by RBI which can mean an uncertainty and different EMI for each repayment or installment for the loan.

Point to note:

1.Fixed rate interest charges are generally 1- 2.5 percent higher than floating rate charges.
2. On October 5 RBI reduced the REPO rate from 6.5% to 6.2%. REPO rate is the rate at which banks borrow money from RBI.
3. MCLR – Marginal Cost of Funds based Lending Rate introduced by RBI in April 2016 to ensure lower interest rates with quicker disbursements, consistently.
4. After the historic Demonitisation move by Narendra Modi on November 8, all banks with massive cash inflow are encouraged to offer loans at discounted interest rates.

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Housing prices unlikely to come down due to note ban: CREDAI | Residential Apartments in Hinjewadi, Pimpri, Chinchwad, Pune

Housing prices unlikely to come down due to note ban: CREDAI | Residential Apartments in Hinjewadi, Pimpri, Chinchwad, Pune

Credai denies adverse impact on the primary real estate market arising out of demonetisation. In fact, the primary segment is expected to gain at a rate of 15 per cent YoY, the statement said.

In the aftermath of demonetisation move, banks are going to have additional funds upward of Rs 10 trillion. Hence, a fall in interest rates up to 200 basis points is expected.

An early sign is seen with country's largest lender State Bank of India cutting its deposit rates by 1.75 per cent.

News Source: #EconomicTimes

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Benefits of Demonetisation | Investment in Pimpri-Chinchwad,Pune

  • Demonetisation is almost a necessity to root out counterfeit notes which have a direct correlation with terror funding and other fraudulent activities.
  • If a country is to progress we cannot have less than 10% of the population paying Income Tax. An effort is being made to ensure that people conduct their business in a fair and transparent manner. Increased ‘Digital’ transactions will not only provide convenience to the customers but will also root out corruption and bring down the cost of banking services.
  • It is imperative that the savings of individuals and businesses are used to spur investments. It is further necessary that most of the currency in circulation is moving through the banks rather than being stored at various places in an unproductive manner. This will give banks the capacity to lend and also to bring interest rates down in order to spur investment and be competitive.
  •  A study by MasterCard shows that the cost of using cash i.e. printing, transporting, storage, soiled notes, etc. is almost 1.5% of GDP. The move to ‘Digital’ transactions, through the Banking System will not only benefit the customer but also the economy through lowering of cost.
  •  We also need to bring to semi-urban and rural India the convenience of dealing ‘Digitally’ and getting services/ loans at competitive rates.
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Convertible 1 BHK Homes in Hinjewadi | Budget Homes in Hinjewadi, Wakad, Pimpri, Chinchwad, Pune

Its time to convert and not compromise! Make your 1 BHK home a 2BHK at ITrend Homes. Our homes are not only trendy, they are convertible! We are proud to present Pune's first convertible homes! There’s more space for all your loved ones to come together for an extended stay.So move in, invite them and celebrate the Great Indian Family.

1bhk in hinjewadi

The concept of convertible 1bhk homes in hinjewadi is first of its kind in PCMC and Pune area. The project amenities and specifications breathe exclusiveness, luxury and space. When you get your key to happiness, memories start building a perfect home for you and your family.

budget homes in hinjewadi

Every child deserves a memorable childhood. Open spaces and playgrounds ensure that you children get all the play and exercise that acts as a platform for their overall development! ITrend Homes is developed by top builders of Hinjewadi, PCMC and Pune viz. Kohinoor Group, Saheel Properties, Fortune Landmarks and Amcorp Realtors             

hinjewadi properties

 

Building elevation and project images

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Tata Consultancy Services(TCS) | IT Companies in Hinjewadi, Pune

 

When you choose Tata Consultancy Services (TCS) as your IT services, consulting and business solutions partner, you will discover what so many global enterprises have already discovered—the power of certainty.

We are a leader in the global marketplace and among the top 10 technology firms in the world. Our continued rapid growth is a testament to the certainty our clients experience every day.

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