Panipat is a flourishing city in Haryana with a rich cultural heritage and a glorious past. Today, urbanization and growth of industries in the city has given a boost to the real estate sector in the city.
A steady commercial development has increased the overall value of the real estate segment in the city. If you are looking for property for sale in Panipat or plots for sale in Panipat, you are in the right spot.
This guide will help you understand the advantages of buying property in the city and how banks will help you fulfill your dream to own your house or commercial space.
The current state of the real estate sector in Panipat
Panipat, in recent years, has emerged as a top choice among real estate destinations in Haryana. The city enjoys good popularity due to its proximity to Delhi NCR. It is also a reason behind its rapid development.
Panipat property and real estate developers have launched several new residential and commercial projects in the city. Buying a residential apartment or plot for your independent floors, flats or villas have become easier in Panipat. The township projects also come with several benefits to offer you a holistic living experience, with world class amenities being offered.
How banks have simplified buying property in Panipat through their loan facilities
The definition of settling down today is much about owning a home. It is a common dream for everyone to have a place that offers true happiness. However, buying a home has become expensive due to escalating real estate prices.
A home loan from a bank is all one needs to fulfill their dream of buying a home if they do not have an adequate sum available with them. You do not have to put your entire savings towards the purchase. Furthermore, you can meet the cost through easy monthly instalments.
Loan eligibility criteria for buying property in Panipat
You can get a home loan from various financial institutions while each institution will have its criteria, here are some common ones that you need to consider.
- The current age and number of working years left play a crucial role in determining the eligibility for loans.
- The age limit for salaried and self-employed individuals is between 21 and 65.
- A salaried person should have minimum monthly earnings of INR 10,000 per month, while business owners should earn INR 2 lacs per month.
- The maximum loan term is of 30 years.
- The current and future income of the applicant determines the loan amount.
- The applicant’s credit score should also be up to the mark.
Buy your dream property with Emperium today
As a leading real estate developer in Panipat, Emperium offers you a range of residential properties. We aim to give affordable flats in Panipat to all segments of society. It is also our vision to boost the image of Panipat by offering world-class living standards through our projects. Emperium has 2 BHK flats in Panipat, 3 BHK flats in Panipat, and villas, 2BHK & 3BHK floors for sale.
A property in Panipat with Emperium will help you fulfil your dreams of living in a serene abode. To know more details about a plots for sale in Panipat or flats in Panipat, you can contact us at +91-7878-784747.