Buying a house is one of the most important decisions of one’s life and this becomes even more crucial when you are planning to buy your first house. In most of the cases, it is better to buy your own house than rent one. With a modest budget and various real estate housing project options, it is no more a long and tedious task to go ahead and buy a property in a medium range.

How to save …

You also have a spectrum of investment options to save funds to gift yourself your dream 2BHK flat in Bangalore. One such investment option is SIP (Systematic Investment Plan). A simple investment of 20% of your income could in mutual funds via SIP easily have the potential to give you the required returns. You can start by investing smaller amounts and eventually as you build up your contingency fund, you can increase the amount of investment. In order to further ensure the safety of your investments, you can experiment with the width of the spectrum of your investment. You can invest in a combination of large-cap oriented funds, multi-cap oriented funds and also some pure debt funds.

Prestige Jindal Property

Prestige Jindal Property

Another option is to take a home loan. This is a time-saving method of managing funds for buying your dream house in India’s IT city, Bangalore. With flexible loan repayment options and interest rates, the home loan is presently the easiest and most affordable manner to plan a house. With a positive credit history, your bank can actually sanction your maximum home loan amount at about 60 times your current salary. Your credit history depends on various factors such as your credit card minimum balance (the banks, while sanctioning your loan consider the fact that whether you clear your credit card bills on time, maintain minimum balance in your account and also your credit card limit) , a pre-existing car loan, personal loan or gold loan etc. Most public sector banks follow this methodology while considering their potential home loan sanctions. However, for this rule to be applicable and for your loan amount to come under the real estate prices, you will have to calculate your in-hand salary amount as that will be taken into consideration while sanctioning the loan amount.

An alternate plan to save precious time and go ahead with fulfilling your dreams is to invest in an extremely luxurious lifestyle at Prestige Jindal city and Salarpuria Sattva Park Cubix in Bangalore. Prestige Jindal city is an emerging residential project with world-class infrastructure and facilities. Located on Tumkur Road, Bangalore, it is one of Bangalore’s most prestigious upcoming residential project. Also, its economic pricing ensures that it does not burden the buyer with financial atrocities. Salarpuria Sattva’s Park Cubix is another option to look forward to while looking forward to buying a house. With over 1620 premium housing units, Park Cubix is the most luxurious and economic option available to you.