Bangalore is one of India’s fastest developing cities and sees a large inflow of people from different parts of the country seeking job opportunities. The city mostly offers ITeS and IT related jobs to skilled workforce. Thanks to the fatter pay package received by all, the demand for housing in Bangalore is also growing. Given the fact that most people in the city work for a salary package of around Rs 4 to 4.5 lakhs per annum, professionals do not usually receive a monthly salary of more than Rs 40,000. Taking into account their day to day expenses, house hunters can only go for affordable flats in Bangalore in the price bracket of Rs 40 to 50 lakhs. There are quite a few areas where you can buy property in Bangalore within this pricing bracket. Some of them are Bannerghatta Road, Kanakapura Road, NICE Road and Mysore Road. Property indices have defined that affordable property in Bangalore would mean those within Rs 50 lakhs. Compared to the demand for the properties, their supply is quite high. The demand for such properties is 22 percent whereas their availability is 35 percent. Within this budget, the configurations available are 2 and 3BHK.Most of Bangalore’s real estate development is happening towards south and north Bangalore as the numbers of land parcels available is much more here. Areas like Mysore Road, Bagaluru, Devanahalli, ITPL and Hoskote mostly offer affordable flats within Rs 20 lakhs. For affordable flats in Bangalore within Rs 20 to 40 lakhs, one would have to resort to neighbourhoods such as KR Puram, Hosa Road, Kanakapura Road and Hongasandra. Most of the flats in this locality range between Rs 20 and 40 lakhs. The areas are currently being developed and hence do not have full-fledged social and civic infrastructure. This is the main reason why the properties are offered or cheap. Why should you invest in these areas? ITPL, Kanakpura, KR Puram and Mysore Road have seen much traction in terms of commercial properties. The absorption of commercial real estate has fuelled the absorption residential properties as well. The areas are lined by offices belonging to IT companies and retail stores.KR Puram, Mysore Road, ITPL and Kanakpura Road are close to NICE Road and Outer Ring Road. ITPL is close to Old Madras Road. These areas mostly preferred for office spaces as they have large land banks available at competitive prices. This in turn boosts the rental and capital market in the area.The northern localities like Devanahalli, are close to the newly constructed Kempegowda International Airport. Frequent Flyers prefer to invest in these areas as the other upcoming localities are away from here. Mostly 1 and 2BHK configurations are found in these areas. The size of a 1BHK apartment is around 400 to 700 sq. ft. while for 2BHK flats, they scale up to 900-1200 sq. ft. Reputed property developers are spearheading projects in these areas and hence buyers can rest assured about the investments made in north and south Bangalore.
The Pros and Cons of Personal Loan
A personal loan is a very healthy option if you don’t have the money to fulfill your personal needs. It is the alternative to get funds for your daughter’s wedding, your dream vacation or sometimes even a medical emergency. There are many advantages of a personal loan, and so it is availed so widely. Reports show that RBI had disbursed Rs. 86000 Cr in the Last Fiscal Year. This number tells its importance.
A personal loan is an unsecured loan and should only be availed if you have nothing to keep as an asset or collateral. It is a multi-purpose loan and can be availed without telling because taking it. If you have some investment for a long period and you need money urgently, then you should never liquidate your FDs. Rather you should go for a personal loan to get your money. Another feature of a personal Loan is that it can be availed easily and the turnaround time is 24 hours. The documentation required is also easy and simple. Banks and the NBFCs just require ID Proof, your bank statements, and your address proof to check your Eligibility to provide you a loan. Also, the EMI are calculated based on your income and savings. There are schemes in the market when you can pay your EMIs in flexible way. So, one of the advantages of a personal loan is that it provides flexibility to the customer’s pocket. A personal loan is thus a prominent way to get money when you require.
Apart from the above features, there are many disadvantages of personal loan as well. The Rate of Interest of Personal Loan is normally higher than that of other types of secured loans such as Loan against Property, Gold Loan, Loan against Shares, etc. Also, the turnaround time is a little more than the Gold Loan. So, if you are paying the EMIs, then you have to be very careful as you may be paying higher than any other alternative for a personal loan.
Have you heard about Loans for People on Benefits?
In the present times, managing finances with limited income is not at all an easy thing to do. There are many people who are dependent on the amount given to them by Department of Social Security. Physically challenged and infirmed are the ones who benefit most from the financial assistance they get from DSS. When this particular segment of the population suffer from financial crisis then things become difficult to tackle. It is in this scenario that you can choose to apply for this timely cash assistance.
Wondering about the benefits of these loans?
When you choose to avail financial assistance available in the form of this loan then you might get to enjoy several advantages. There are no delay and efforts that will bother when you decide to gain financial freedom by applying for this wonderful cash assistance. People who are physically challenged or managing life on DSS benefits can make the most of this loan.
Easy to apply – You simply need to visit the website of the money lenders offering this loan. A few clicks and you are done with the applying process. You have to worry not at all about any form of tedious and daunting formalities.
Quick approval – Approval for payday loans for people on benefit might be given timely provided applicant meets the conditions and clear the verification which is performed by money lenders.
Gain money for all needs – Amount which you will get can be utilized for sufficing any of your immediate or urgent tasks which you cannot delay even for a few days. There are no restrictions as far as usage of sanctioned amount is considered.
There are a few things that you should be aware of when applying for this fiscal help.
Make timely repayment – Timely repayment of leaned amount benefits the applicant. Inability to make reimbursement of the leaned amount within stipulated time might lead to additional charges as penalty.
Find about interest rate! – Before you apply for loan, make sure you find about the interest rate charged by the money lender so that you might not face any hassle or trouble later.
In a nutshell, Loans for People on Benefits make for the perfect financial remedy for UK citizens surviving on economic assistance provided by DSS.