Living in a Rented House
Having one’s own home, though a treasured wish for many involves financial considerations and requires some planning. In addition, unless the homebuyer is an expert himself, he will need some help and guidance to understand the implications of housing finance when buying a house. And when you add other aspects like legal and technical formalities; the reputation of the builder, etc., having a good housing finance company to guide the homebuyer all the way through becomes important. Recognizing these issues, HDFC, which has been the pioneer Housing Finance company takes a holistic approach to home buying and the home-loan seekers’ needs.
With over 35 years of experience, HDFC and its trained personnel have gained in-depth knowledge of the real estate market and have always endeavored to empower customers in making the right decision while buying a home. This is done through its free, voluntary personalized counseling service apart from providing other specialized financial services.
HDFC has a team of specialized staff that follows a single-window concept for providing smooth service at all stages, be it loan approvals, legal and technical approvals or disbursement. These not only help save a lot of time and effort for the customers, but also save money if the customer had to get it done independently as the processing and administrative charges cover all these aspects.
The entire philosophy of HDFC has been to guide customers in all areas of the home loan process and enable the customer to take care of other important matters, while HDFC manages his housing related issues. Though this would vary from case to case, HDFC attempts to take care of the customer’s needs to the best of its ability.
Today, the company offers the widest range of home loan products where each product has been tailored to satisfy the diverse requirements of individual customers.
Since property purchase involves large investments, it is important that the customer meets the developer in person and discuss freely about all aspect of the project. To facilitate this, HDFC has been regularly organizing property shows in India and abroad, which provide a one-stop destination for the home seekers. Other than being able to choose from a wide range of properties, the visitors at these shows are also secure of the developers’ credibility and their project quality, as these are all approved by HDFC.
Since HDFC deals with developers on a regular basis their team is aware of the track record and project history of the developers. Additionally, they also have a team of legal and technical experts, who check and verify the requisite documents before approving a project for financing. Since the customers are based abroad this saves a lot of time and effort taken to conduct a detailed due diligence.
With the property and real estate market becoming dynamic than ever before, it has become imperative for the Sellers and Buyers of property to come closer. HDFC Realty is a team of real estate professionals that facilitates Buying, Selling or Leasing of Residential / Commercial property in India. By virtue of being HDFC subsidiary, they have a nationwide access to information pertaining to the developers, their track record, ongoing and upcoming projects, the real estate market scenario, the trends in the industry, etc. This information is made available to the home seekers, thus facilitating their home buying process.
The HDFC Realty team comprises of trained professionals, who provide personalized attention to every customer; right from understanding the requirement to organizing the site visits for the family members based in India, to completion of the entire property transaction. They attempt to bring together under one umbrella, all the requisite expertise and experience required for varied aspects of property transaction.
In an attempt to break down time and geographical barriers, the services of HDFC Realty are also offered through its portal www.hdfcrealty.com the portal skillfully combines the boundary less cyberspace with the tangible real estate, to provide a reassuring personal touch.
Tax Benefits on Home Loans
HDFC’s counselors advise customers on the tax incentives available on Home Loans, as it qualifies for substantial tax benefits, which makes availing of home loans very attractive. Under Section 24, the interest paid on housing loans for self-occupied property is deductible up to Rs. 1,50,000 per annum. Moreover, Section 80 C benefit of upto Rs. 1,00,000 is also available towards the principal amount repaid on housing loans.
HDFC has an extensive network of over 326 offices, (which includes 80 offices of HDFC's wholly owned distribution company HDFC Sales Private Limited) catering to over 2,400 towns and cities all over India. These offices assist customers who walk in to seek clarifications. This extensive network of inter-linked offices also enables a customer to apply from any office for purchase of a house anywhere in India and service the loan through any HDFC office.
All in all HDFC is a Brand, which not only offers Housing Finance but “Total Housing Solutions”.