The strategic location of the city makes it a good choice for buying a residential property in Noida. It is linked to every part of the NCR via road and Metro Rail. The Noida city is highly planned and offers a comfortable travelling in and around with its residential architects in Palm Springs broad roads and a good traffic management. And the DND Flyway can make a person reach South Delhi within a few minutes. When travelling on Metro routes, one can commute to each and every part of Delhi and even enter Gurgaon and Faridabad. Though the distance of Greater Noida is quite long but it takes very less time to go to Greater Noida through smooth Yamuna Expressway. And Ghaziabad is adjacent to Noida so there was never a problem in reaching out there.
Residential property in Noida, in the form of residential plots, single housing units and flats has seen a consistent growth and progress in the recent years. Many well known and highly reliable construction Groups, namely, Jaypee, Paras, Amrapali, Assotech, Ajnara, Mahagun, Logix, Stellar, Supertech and many more professional builders have already launched their residential projects in Noida, Noida Extension and on Yamuna Expressway. The residential and housing societies in Noida are being developed with proper planning, taking care of environment and greenery at the maximum. Latest earthquake resistant techniques are being used in the residential apartments towards an effective disaster management.
The residential property in Noida is being built with lots of common facilities like 24 hours power back-up, big parks, covered parking, swimming pools, gymnasiums, yoga and meditation centre, and clubs and community halls. It’s not all; there exist lot of facilities even outside the residential premises like reputed fitness clubs, golf club, Noida stadium, high standard schools and colleges, multi-specialty hospitals, large malls and multi-screen cinema halls, international food chains and other famous eating joints, shopping hubs like that of Sector18 market area with a variety of international clothing and jewelry brands.
It is estimated that within 2-4 years, most of the on-going residential projects would reach to their completion and would be ready for the consumers for the possession. But by that time, the rates of the would be at the highest. Therefore, it is advisable that interested citizens or NRIs should immediately take a decision to buy a residential property here. With the help of a reputed real estate firm, one can easily avail all the information regarding the rates and the infrastructural facilities associated with residential schemes. And start with the booking procedures and apply for loans as well, if required.
Buying a home? Don’t have the ready cash? Need short term monetary support till you arrange for the money? Go for a residential bridging loan.
A residential bridging loan is one which serves you with the finances when you are planning to sell your existing property for the purpose of buying a new home. It takes time to get the sale proceeds for any property; it is very much possible that till that time the home you chose to buy may be sold to some one else with ready cash. This may result in loss of a great deal. Residential bridging loan covers up for this gap while providing you cash for the time you get the sale proceedings. These loans are secured by the property being sold.
If you have sold your property and waiting for the proceeding, you can go for an open ended residential bridging loan. However, a closed residential bridging loan is for those who haven’t put their property for sale. You can borrow amounts ranging between ₤27000 to £100000 under residential bridging loans. Lenders are ready to increase this limit if the situation demands it.
Residential bridging loans are short term loans and carry a higher rate of interest, but it has a feature to cover up for this and that is ‘interest only payments’. Yes, these loans are interest only loans this means that you have to make the payments for only the interest rates till you get the proceeding of the property being sold. The principle amount is to be paid out of the sale proceeding. So this makes a residential bridging loan easy to afford.
Residential bridging loans can also help you in home improvements, which also needs good amount of investments. You can use the money for renovation, adding up rooms, buying furniture for the home, new swimming pool, repairs and sever work, plumbing, any residential purpose etc. So this is an all in one sort of loan for all your residential financial requirements.
To find a good deal in residential bridging loan you can take the help of internet. It can help you to avoid the troublesome job of traveling in the loans market to find the lenders and get the quotes. Free online quotes are available with online comparison tools which can easily help you get the best out of the rest. Then you can fill the application form for the loan quote selected with the required details. The lender once satisfied will contact you with his services.
It takes a maximum of 4 to 5 days to get the approval for the loan, after which you can have the residential bridging loan money ready for getting you your dream home.
Eva Baldwyn aims to inform common men and women of the several issues involved in personal loans and mortgages through her articles. An MSc in Economics & Finance from the Warwick Business School is proof enough of the knowledge that she possesses in the field of finance. To find bridging loan, commercial bridging loan, residential bridging loan.