Property investment is pivotal in enhancing customer purchase decisions. Be it any product purchase, the money invested should bring value to the product or the service availed. Residents are now realizing the importance of investing in properties that leads to formidable returns in the future. Prestige Willow Tree by Prestige properties have seized profitable opportunities and is located at Vidyaranyapura in Bangalore. The project offers luxurious apartments that are marvelous architectural marvels providing impeccable views of landscaped gardens surrounding the project. A profitable investment decision is based on several aspects that contribute to the credibility of the project. Its not only the location of the project that helps. Amenities, floor plans and the project specifications together matter a great deal. Residents and potential investors should take all the factors collectively and approach towards an investment decision.
With the implementations of RERA rules and regulations by the government of India, the demand for affordable homes has risen significantly. Renowned as the IT capital of India, Bangalore has encouraged the presence of IT powerhouses across different locations. This has subsequently given rise to social infrastructure development which has evidently helped and assisted residents to go around the city with utmost ease and comfort. Now comes the questions whether to continue staying as tenants or opt for strategies like builder EMI sharing scheme. This would carry its own share of pros and cons and depends entirely on the loan borrower or the customer to take the final call. This can be tricky at the same time and calls for expert opinion. Going ahead without prior consultation can turn risky in a lot of ways. That’s the reason residents are informed to check with real estate advisers as an in-depth knowledge of the property market is essential. Rest assured, residents who are partnering with Prestige Willow Tree are in for a smooth ride towards a secured future.
Impact of builder EMI sharing on tenancy
Generally, it is noticed that residents who are fresh into the city look for properties to invest with a basic perception that staying as tenants is the effective way to go. This is because they can manage other expenses rather than spending a one-time amount and buy a house. They would now be interested in heading for home loans for the property they are interested in. However, residents are now forced to pay the EMI on a monthly basis along with the rent of the property until possession as well. This makes one thing about managing other crucial aspects of life that involves money. Balancing other personal aspects along with paying EMI’s for rental reasons becomes difficult and get too risky at times as the necessary funds wouldn’t be available at some point of time. This is where the aspect of EMI sharing comes into picture.
Create and generate more funds until property occupancy
How the builder EMI sharing scheme works is that the builder or the property owner would compensate the EMI payment till the home loan borrower occupies the living space. This means that until you occupy the house, the EMI of the house would be borne by the property owner. Please note that this doesn’t include the principal amount of the property that the customer would eventually occupy. The property owner would be bearing the price which involves the interest rate on the loan that is availed. This is an added benefit for home loan borrowers as they can create more funds during that period and prioritize other expenses that matter.
Keep the legal property documents in check in case of unforeseen circumstances
Property construction doesn’t really come with a guarantee. When it comes to living as tenants, there can be delay in the construction due to unfortunate reasons. The home loan borrow or the tenant should keep in mind that they have the legal property documents handy before opting for a builder EMI sharing scheme. Please make sure that you state the same and have an agreement with the land owner so that you wouldn’t have to pay the necessary EMI till occupancy just to make sure you are covered.
To conclude, residents who are willing to partner with Prestige Willow Tree can avail benefits when it comes to giving the property on rent or occupying it themselves. With Vidyaranyapura as the location, potential investors can expect formidable returns based on social infrastructure, IT development and connectivity brilliance!
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