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Hi,

I am Personal Employmrnt Pass holder looking to buy 3 room condo after 1 year i.e. in 2012. Is it better to book flat now in under construction condo which will be ready in 2012 or buy resale flat when I am financially ready in 2012. What are the financial commitments I have to make if I book under construction flat now. I will take 80% loan from bank, do I need to pay remaining 20% upfront while booking the under construction flat?

Thanks
Pravs
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2 Answers

Mike Lim
Replied
Evening Pravin,

For the bank loan on the purchase, you will be required to pay the 20%, so as to allow the loan to go through.
Depending on which project you purchase, payment would be required, as the building progresses, which will be dished out from your housing loan.
Hence it would be important to manage your personal finanical well.

Do feel free to contact me, if you require any further assistance.

Mike Lim
 96929209 
m52i@yahoo.com
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Radhika Prakash
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Hi Pravin,

May i request you to call me on 93380071  and i shall discuss with you the pros and cons of a ready unit and under construction units.

Thanks,

Radhika
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