Selecting Urjit Patel as RBI Governor – Continuity of the Policies Assured.

Urjit Patel’s name was picked after interviews were conducted with shortlisted candidates at the office of Prime Minister Narendra Modi at his residence on Race Course Road, in a marathon session involving top officials, including the Finance Secretary.

Much like Raghuram Rajan, Urjit patel is also expected to maintain the inflation rate. As the NDA government has signed up to extend the agreement with the RBI for the next five years, the four percent target for Consumer Price Index (CPI) inflation (plus or minus two percent) is now set in stone.

However, it is not new to Patel working on inflation. It was his committee, headed literally by him during January 2014, on the monetary policy reform that submitted its report with critical recommendations on various aspects, including inflation targeting and composition and functioning of the monitory policy committee.

The decision is much supported and will assure international and domestic investors that the flexible inflation targeting framework will be taken to its logical end which is absolutely essential for India’s monetary policy credibility.

How Is The Decision Beneficial for Home Loan Industry.

Urjit Patil, being the second one ever in history to raise directly from Deputy Governor to Governor’s post. First one being Amitav Gosh for 20 days during 1985. If Rajan had taken necessary steps and measures for Indian financial stability and betterment, as a governor, it was through Dr.Patil’s headed monetary policy committee. This decision, Urjit Patel as the RBI Governor would surely give a sense of policy continuity.

Under Rajan’s rule, the home loan interest rates had come down from 14% to 9.5%. There is a stability in the loan market. The repo rate cut, though many a times, was ensured that it reached the end customers – borrowers. There is an implementation of borrower-friendly way of calculating the home loan interest rate, MCLR method.

Since all these had been implemented with Urjit Patel’s awareness and recommendations, no doubt the stability, policy continuity and sustainability can be assured.

The choice of Urjit Patel ensures various factors, monetary policy framework, inflation target range, systemic liquidity and continuation of existing policies, are taken care of. However, what is challenging for him is how he manages banking as a sector like Arundathi Battacharya, bringing out issues into light and resolving them.

What are the Documents Needed While Registering a Property.

The purchase and possession of the property is a strenuous task and demands a lot of paperwork which seems like a mountain of challenge for the novice. Here is a list of documents required for registration of land, registration of apartment and the documents you need from the builder after the purchase of the flat.

All property related documents need to be registered in sub-registrar office, by law. The sub-registrar offices are responsible for the maintenance of records of all the property documents that are registered.

Documents required for the registration of land:

Firstly, ensure that the title deed is registered within the timeline mentioned in the agreement. Apart from this there are different documents that mandatory for a successful land registration:

  • Original title deed. 
  • Previous deeds- A proof of ownership in term of fard/jamabandi/old registry/intkal is required
  • Property Tax receipts
  • Torence Plan (optional) It’s a detailed plan of the purchased property. This plan is prepared by a licenced surveyor. The plan contains accurate details about the measurement of property.
  • 2 witnesses
  • Duly filled and signed patta transfer application with court fee. (Rs.7/-)  
  • Registration fees, sub-division-fees, computer fees etc.
  • In the case of purchase of agricultural land, the patta pass book/ 10(1) from Tashildar is required.
  • ID card of witnesses(for power deed only)
  • If the land costs more than 5 lakh then the seller needs to submit PAN card and Form 16 at the time of registration. In case the PAN card is not present at the time of registration, Form 60/61 needs to be submitted.

Documents required for the registration of an Apartment

  • Sale Deed or Title deed or Mother deed or Conveyance Deed
  • Records of Rights and Tenancy Corps or 7/12 extract
  • A receipt showing the payment of stamp duty as per the market value of the property.
  • Income tax clearance certificate
  • NOC as per the Urban Land Ceiling Act
  • Katha Certificate and Extracts
  • Mutation Register Extracts
  • JDA or Joint Development Agreement
  • Photocopy of all the previously registered agreements ( applicable in case of resale property)

Documents your builder should hand over to you after the purchase of the property.

The following is the bucket list of documents that you should demand from the builder :

  • Commencement certificate
  • Approved Plan
  • Joint Development Agreement
  • Sharing Agreement
  • Chain Deed of last 30 years
  • Khata extract/Mutation certificate
  • No Due letter.
  • Allotment letter
  • Possession letter
  • Nil Encumbrance certificate(EC)/Search Report
  • Updated tax receipts
  • Occupancy certificate(OC)
  • Copy of your registered Deed

Once you have all documents in place, property registration process is going to be a cakewalk for you. Happy registration.

Process of Registration of an Apartment

We all know that the registry of the property is the last step to own a house. Only after completing the due diligence set by the registrar office the complete transfer of property under your name takes place. The apartment is registered at the registrar office which is located in every state.

Here are the documents you need to take along with you for the registration process:

  •    Sale Deed or Title deed or Mother Deed or Conveyance Deed
  •    Records of Rights and Tenancy Corps or 7/12 extract
  •    A receipt showing the payment of stamp duty as per the market value of the property.
  •    Income tax clearance certificate
  •    NOC (No Objection Certificate) as per the Urban Land Ceiling Act
  •    Katha Certificate and Extracts
  •    Mutation Register Extracts
  •    JDA or Joint Development Agreement
  •    Photocopy of all the previously registered agreements (applicable in case of resale property)

Process of Registration:

registrationprocess_loanyantraThe registration of the property is to be done within four months after the execution of the sale deed. As per section 17 of the Indian Registration Act, 1908, the property registration is mandatory in India. It is the duty of the Sub-registrar office to register the property and to preserve and maintain the documents.

The following points illustrate the process of registration:

  • The first step is to get all the aforementioned documents in place.
  • Next, you need to submit the entire document as well as the input form at the token window and take the token number.
  • Once your token number is announced. All the parties to the documents must be present before the sub-registrar for execution of the documents. The documents must be photographed; the thumb impression and signature of the parties are taken on another paper in front of the sub-registrar.
  • Post this process you need to submit the registration fees and computer service charges in cash.
  • All the documents once verified by the registrar office are returned to you.
  • Once the registration process is over, you can initiate the process of mutation. Mutation of the property allows you to pay property tax to the government.

The Expenses Incurred During the Process of Registration

The major expenses involved during the process of registration include registration fees, stamp duty, lawyers’ fees, document writer fees and other miscellaneous charges.

The stamp duty, documenation charges depend on the cost of property and hence, it varies from property to property and person to person respectively. However, the government has set a limit for the document writers.

Usually, registration charges are 1% of Total Property Value mentioned in sale deed.  You can reduce the registration charges if you register in the name of a woman.

Points to Remember

  • Get the True Market Value done before hand.
  • Registration must be done within four months after making the sale deed.
  • If there needs an extension, file a request with the district registrar. But this might cost you an extra.
  • Pay your seller of the apartment on the day of agreement, never before the registration.
  • The stamp papers must be in the name of one of the parties who signed the deed documents.
  • Carry the original documents as you can photocopy them as per the requirement.

Apartment registration cost is calculated as per the value mentioned by the builder or seller. Try to do your research regarding the price and the extra charges. Because registration amount though minimal when compared,  will surely be a pinch. Plan your budget so that you can pay the down payment, the stamp and registration charges in cash, as the nationalized or privatized banks provide loan only on the property value. But you can always look upto NBFCs if you need more amount of loan on the property, provided you have the essential documents.

You can always rely on us,Loanyantra Team, for your your complete home loan process.

Factors to Consider Before Making a Decision to Invest in a Property

Buying a property has always been considered as a good option for investment. But taking into account the dynamism of the real estate market in India, it becomes very important to consider a few factors before investing a huge sum of money in it.

Here we have compiled a few points that you must consider before buying a property, we have bifurcated the buying decision under two major categories.

  1.    Physical Factors like : property location, title clearance and property potential.
  2.    Monetary factors like: Returns, loan and affordability factors.

homebuyingfactors_loanyantra.comLet us discuss in detail about each factor.

  •    Physical Factors – 
  1.    Property Location: It is the most important factor while considering a property for purchase. Whether you are buying it for investment purpose or for residential purpose, it is important to check the location with respect to the basic facilities like accessibility to different means of transport, hospitals, schools, airport, etc. Proximity to certain amenities like metro station, schools, and upcoming commercial complexes helps in increasing the property value.
  2.    Title clearance – While purchasing a property make sure that the property is non-disputed and has a clear title. If your property, either under-constructed one or a completed one, is in dispute, it might lead to loss of money and loss of ownership as well. Thus, it is advisable to do a thorough research about the property, background check of the builder and the project.
  3.    Property Potential: Or you can say the property demand. If a property is high in demand then it proves to be a good investment as the value of such properties is definite to increase in the coming time.
  • Monetary factors:
  1. The Affordability Factor – While there are many banks and NBFCs that provide you instant home loan to buy a property, it is important to understand that you need to check your budget first. But, with the change in time, the buying capacity of people has increased.  As per the data compiled by HDFC, in India, the average property value in the current scenario is around Rs. 52 lakh and the annual income of an individual has grown up to Rs.12 lakh per annum. Apart from the rising income level, certain factors like tax incentives, luring interest rates have aided the property buying and made it easy for an individual to make an investment in property.
  2. Picking up the Correct Home Loan Product – A variety of home loan products have made it really easy for people to buy a home. Accompanied by enticing policies of bank people often pick up a loan in a hurry. But you need to consider the following factors before finalizing your bank for home loan: the penalty fees, comparative analysis of different interest rates, hidden costs, balance transfer facility penalty w.r.t balance transfer, the pre-EMI and full EMI schemes offered by the bank, the interest rates in both the cases. Once you have a positive answer to your queries, go ahead.
  3. Evaluation of Various Costs– Before deciding to buy a house, go through the price menu. It includes stamp duty charges, property registration charges, maintenance cost, transfer fees, monthly outgoings in the form of electricity bill, phone bills, and other amenities cost, and cost of utilities. Do your research with other builders. Compare the costs and don’t hesitate to clear your queries with your builder.

Many time builders don’t project the entire costing upfront which leaves the home buyer baffled , hence don’t get swayed away by enticing policies and look for what best fits your budget in present and in future.  


It’s never too late to make a decision to buy a property, but, if you are spending some good amount of money then why not do it smart way. Loanyantra can be your smart partner in assisting you with the home loan process. We give you a chance to be the king and choose the bank that best matches your requirement. Let your goals be monitored by us so that you can finish your loan as early as possible. Apart from these features Loanyantra offers you a pool of benefits that will make your buying decision an easy and profitable one. Get connected with us today to know more about home loan.  

Surprising Stories About Loanyantra in CREDAI Property Show, Hyderabad.

A Hyderabad based start-up, booming all the way, leaving memories in varied successful stories, had bagfull of achievements in CREDAI Property Show which had taken place in Hyderabad, recently.

credai show hyderabad_loanyantraThe three day property exhibition aimed at bringing major builders, in the city, together under one roof show-casing in their respective kiosks their upcoming and going on properties which are worth investing across different places.

Loanyantra’s Meet With Honorable Minister KTR

What is the best way to invest in an immovable property is to go for a loan. What is even more important once you are into a loan is managing it with low interest rates and low EMIs. It is always a pleasure if there is a personal manager who looks after the loan process, loan management and informs you about all the details of your loan.  This start-up does exactly such stress-buster work. And with no paper work. Yes, a Fintech company, first time ever in India, takes care of all your home loan needs online.

Orgnaic Home Loans

This made the audience for the show as attractive as the properties exhibited.  You would surely sit in your couch and manage your loan with the alerts sent by LOANYANTRA.COM., within one year, with  2500+ customer base is helping the home loan borrowers and stretching itself wide becoming famous across all major cities in India.

ktr credai show_loanyantra

Loanyantra being one of the selected start-ups for T-HUB, Hyderabad, also attracted the Honourable cabinet minister KTR (Kalavakintla Rama Rao), who visited the CREDAI show to inspire and motivate the participants. The CEO and Founders, K. Vijayananda Redddy and Harsha Raghavendra, of could meet and greet with him and showcase Mr. KTR, the achievements of his baby, LOANYANTRA.COM, which could come with the help of his brain-child, T-HUB. Honourable cabinet minister KTR Jii signed on Loanyantra play card and wished Loanyantra team all the best for future. Gets To Meet The Predecessor of Bobbili Royal Family.

The team, the LoYans, as they represent themselves did an excellent work in driving the ideas home to a number of customers and varied customers. With the interesting and innovative concept, combined with teamwork, attracts high profile customers turn venture capitalists.

This is a story with one such varied customer who wants to be a venture capitalist.

It was mid-day, a weekend, the whole Hyderabad is in the midst of taking rest, planning for the rest of the day, starting to visit nearby places. CREDAI show in the city which was an attraction for the weekend, pulled not only the Hyderabadis, but also many investors around Hyderabad.

bobbili royal family_loanyantraLoYans were at work. There came a customer who is interested in knowing the concept of as a startup. He looked like a wise old man with very simple outlook. Infact, a down to earth human being, asking different things and knowing different aspects about Loanyantra. The CEO took charge of explaining him about every detail and each process. The man still stood there amazed and attracted with the job.  As is the process, knowing the Bobbili-Bobbili Fort_loanyantracustomer base, then came the real identity of the man. He asked CEO, “Do you know, whom you are speaking too?” with smile on his face. CEO said, “Sorry Sir,  I am not able to remember.”. He said, “I am from Royal family and I am Zamindar of Chikkavaram”.  He belonged to the Royal Family of Bobbili Kingdom, near coastal region of Andhra Pradesh. Bobbili Kings were popular for the bravery. The palace is known for the architecture. The Zamindari fixed an idea in the mind to invest in Startup. Vijay went ahead and explained about the Start-Up echo system and about how t-hub which is hub of startups. The investment decision might not be decided yet, but the fascination by such noble and renowned people was ever surprising and memorable. It was pleasure for the Loanyantra team to get in contact with such legionaries and also make an everlasting image in their mind. Continue reading “Surprising Stories About Loanyantra in CREDAI Property Show, Hyderabad.”

What Should You Know About Property Investment?

Well, life is full of surprises and mysteries. We must ensure to take the right choices and decisions so that we don’t regret later in our life. Each one has a different profession and some would like to do multiple businesses at the same time to earn more. If we put in simple words, many people like to invest more for making huge property and asset. All these should be done with huge courage, belief and calculated risk analysing the pros and cons of each decision or step. If one plan fails, then there are other choices or options that one has to look for. So there should be some basic guidelines for the property investment which one must follow to ensure the person gets success. Investing is like gambling, either you may profit or you may incur a huge blow. So all depends on how your luck plays the sport. You should always watch your step before you take a move and always you must be able to anticipate the things. The guidelines which may be fruitful for the investors are listed below:

  • NOT BUYING EVERYTHING ALL AT ONCE- It is not advisable to buy everything all at once. If you think too much buying will maximise your property profit, it may backfire your decision. Try to get the best price in the market.
  • ANALYSE THE MARKET – You must have full knowledge when you come down to the field. Else others will make you the roost. You must know the proper worth or brand value of each property.
  • PAY TAXES – You must pay all taxes else after you increase the property, you may be subjected to many cases. Being evasive of taxes may land you in hot waters in the near future.
  • BUY THE BEST WHICH SUITS YOU– You must learn to invest wisely and in the proper manner. If you are low on confidence or courage, then you must not go for the investment. You must do your homework before you invest your bucks.
  • FLEXIBILITY AT ANY COST- You must be always ready to shift gears or change your decision if necessary. Always look for the better option and chances, which may overshadow the other. In this way, you must welcome any change or any unexpected occurrence. In these domains, everything is dynamic. Nothing is static, so you better watch your road.
  • TRACK STOCK MARKET – You must know the basics of investment from the stock market. Also, you should know how to play off the books. This will make you a better player in this field.

So, proper investment needs proper study and analysis of both the market and properties. You must also do a background check of the sellers and this will save you from the future troubles. Making property is a dream for rich and aristocrats. They try to bag everything that comes in their way. So, for a luxurious and cosy life, you must ensure that your choices won’t land you up in problems.

Major Points to Consider When Investing in Delhi

Investment in properties is like a mind- numbing decision, which shall be taken with utter care, and understanding. After all who wants to put in their hard earned money into a property where there can be even a slight chance of degradation? We are smart people of the current era and we should be looking into a variety of factors before banking in with a decision and when the decision revolves around choosing a property that is situated in Delhi, you just have to be smarter!

Know your city!

Delhi is a tricky city, being a capital and a fast developing market has given Delhi numerous chances to be a risky area of investment. With its wings spreading across Ghaziabad, Faridabad, Noida, Gurgaon, choosing the property in NCR can be very expensive and strenuous. It is good to have a thorough knowledge of the developing areas around Delhi and the central Delhi opportunities and create an understanding of the growing trend and demand of properties comparatively to understand the best deal. Delhi is not very low on space and it always welcomes new additions of technology and advancement; so make sure that the project has something new in technology for you.

What are the factors you should look into?

Before considering a property or project for your investing in Delhi, you should understand a few factors that shall be big time influencers in your decision making. They can be:

  • Location: It is the most important factor depending on the kind of property you want to invest in. If you are looking for a residential property make sure the area is well equipped with modern day amenities, is growing and surrounded by residential set-up and is safe too. However, if you are looking for office or plots, there is a need to understand the development probability, the investors and future viability of the same location properties.
  • Valuation: It is imperative to understand the future benefits associated with the property and calculate the correct value of the project before investing.
  • End use: What is the end use of your property should be calculated too to prevent from future mishaps. The property can be for resale or can be for keeping and building some property on it at a later stage in life.
  • Financial Planning: Do have a thorough check on the financial planning, you are doing for the purchase of the project and if it is that worth. The loan agreements and the clauses put up by the seller are important areas in financial planning.
  • Construction: Read everything associated with the property and find the future construction or work permissions as well as the law binding you with regards to usage of the property.


Properties are always evaluated with regards to the growth, development and the trends running for that area. Make sure you understand the history of the property and calculate the amount that has escalated over time. This might just be the right time to buy a property if the calculations say that the price of the property shall rise with a big margin in future (calculate the future). This can be easy to predict keeping in mind the constructions and upcoming projects in and around the property of interest.

To know more about the Home loans in Delhi click here.. 

Major points to consider when investing in Chennai!

The investment in any business or instrument is always a crucial issue and needs to be done only after proper investigation and acquiring of knowledge about the same. Present day, there are ample scopes of investments in various businesses and banks and the realty industry is undoubtedly one of the frontrunners, so far the investment is concerned. Likewise, any other investment proposition, investment in this particular sector should be done after a thorough analysis of some relevant issues, which are of immense importance for any potential investor.

There are some Major points to consider when investing in Chennai, which are as follows:

  • Legality: This is the most important part that has to be checked with proper care before going for the actual investment. In almost every urban city or town, there are local bodies, such as; municipal authority, public works department, environment department, land department, the power supplying organization etc., which usually provides the approval and connection etc. regarding relative maps, drawings and required clearances. The buyer should check these approvals and clearances before signing the agreement, meant for the investment.
  • Builder’s Reputation: While a buyer intends to buy an apartment or any potential investor wants to invest in a particular property; the history and credentials of the builder or developer have to be checked to avoid any kinds of future problems. One can get this information by visiting the buildings, constructed by that particular builder, which will provide the first-hand knowledge about the quality of the work, as well as, the capability of the developer. It is often found that almost all renowned and good developers maintain a good CD, where all relevant information, regarding the past and present projects, can be seen, but the physical visits to the sites have to be more helpful in formulating an idea about the respective builder or developer.
  • Project Location: The location of the proposed project is another important issue that needs to be analyzed before the investment, as this can be of great value addition for the specific project and the investor can get a good return on the investment. The condition of the land’s location, such as; whether low or high land, road connectivity, transportation, distance from the CBD are some of the most important issues, which are of great support in getting a good return on the investment. Apart from these, the basic amenities like school, hospital, grocery shop, bank, post office are to be checked for future convenience.
  • Loan Facility: This is another issue that needs proper addressing, as people are more prone to buy a home or building by taking the loan support. It is often found that most of the renowned or mid-level developers are registered with different banks, housing loan entities and NBFCs, who are used to provide the most efficient and customer friendly facilities in providing required loan for purchasing the property. The Approved Project Finance, APF, is helping the buyer to get the hassle free loan assistance for their dream project.

To know more about the Home loans in Chennai click here.. 

Major points to consider when investing in Mumbai!

Mumbai, the commercial capital of India is home to a lot of rich businessmen, politicians, Bollywood industry and obviously the Mumbaikars. If you have been planning to invest in Mumbai properties, congratulate yourself as you are making an investment, which each one in Mumbai dreams of but surely cannot afford so easily. And so comes the bless-yourself-with-knowledge phase because it’s Mumbai and your money is hard earned.

Mumbai City

Mumbai is a very fast-paced city with very little space for the people to extend their house in. The small property buyers always end up settling with something good and compromising on other thing. You might not get the properties, which are equipped with every facility. There can be a big swimming pool in the colony but the lift in your building might be missing. You might get a good flat that is overseeing the sea but might end up parking the car on the road (which is common). Finding the perfect property to invest in Mumbai can be tricky both area wise and amenity wise.

What are the factors to be kept in mind while investing in Mumbai?

The factor for consideration for investing in Mumbai is a lot different than what one would consider while deciding for Delhi or any other metro city. The price and location are obviously one of the major factors but Mumbai has more complications to it than what can be seen.

  • Car Park: Car park is almost like a luxury in Mumbai. Almost 90% of people park car on the road in Mumbai and same can be the case with your property.
  • Lifts: Mumbai is home to a large number of buildings that were built in almost 10 to 20 years back and are functioning well. Lifts in those days were not so common and so there might not be lifts in a lot of buildings and if there is then expect them to carry people, luggage, garbage etc all in one single lift. However, if the property is new you might find a good lift.
  • Security: Security is one thing that Mumbai promises on. No matter who you are if you don’t have permission or a pass to enter into the building well you cannot! Security guarantee comes with each building as well-equipped people are hired to take care of the same.
  • Housekeeping: In dirty areas, you will find frequent rule breakers and issue of cleaning being raised every now and then. But with a modern society, the housekeeping is well adhered to and so the cost of these buildings are always on a rise.


It is important to study the trend of the price escalations, the future properties and constructions but with the low living space in Mumbai already people bank in on the first good property they come up with. The low space, the maintenance and the expenses involved are so high that people compromise on a few factors and buy a property for resale or invest in the best-suited property pretty soon than others.

To know more about the Home loans in Mumbai click here.. 

Major points to consider when investing in Bangalore!

Investment in real estate is a tricky task as you need to look into a lot of aspects and be calculative and wise if you wish to profit in the long run from your investment. A lot of people suffer huge losses in property matters because of lack of prudence before investing in real estate. Bangalore is currently one of the most populated cities of India as it is the country’s IT hub that gives shelter to thousands of IT professionals in the country. The immense growth aspects of the city are favorable for real estate investments in Bangalore. With a growing population and newer projects coming up every day in the city, there are high chances of profiting from investments.

Make use of the right time

Utilizing the right time is very important in case of every investment. You should know the right time to invest to gain the maximum profits. If you are planning to invest in Bangalore, do so right now before prices rise up too high. The city is in the process of growing to its full potential and the availability of land is decreasing. Thus investing at this time will fetch you huge returns in future.

Check out the location of the IT hubs

The demand-supply ratio in real estate in Bangalore is hugely influenced by the location of IT hubs.

  • The South and South Eastern part of the city are the best to invest in due to huge concentration of the IT centers.
  • Government bodies like BDA, HAL and KHB have laid out large-scale developments in these areas and places like Koromangla, Whitefield and JP Nagar have become important residential areas due to the abundance of offices, schools, hospitals and residential complexes.
  • Sarjapur, one of the best areas of Bangalore in terms of development, with its IT SEZ by Infosys and Wipro projects has made the place favorable for investment.
  • Whitefield is expected to have about 11-14% growth over the years because of newer IT projects that are lined up which makes this region a great catch for investors.
  • The Karnataka Industrial Development Board has given 685 acres of land in Narasapura to companies like Honda Motorcycle and Mahindra Aerospace and several others. This is expected to generate huge employment in these areas and thus property prices are ready to shoot up by a huge extent.

Keep in mind transport and roadways

While choosing an area for investment in Bangalore, you must also keep in mind the availability of roadways and transport facilities. The place should be nearer to and well connected to the major hubs of the city, which houses the offices and the educational institutions.

  • Hennur being located close to the airport and well connected to the major centre of the city has become a marked area for investment. Property prices have risen up to a great extent and are expected to rise by about 15-20% more in the coming years.

KR Puram in East Bangalore is well connected to the IT hubs like Manyatha Tech Park and Whitefield. This is the major reason for property prices going up in KR Puram as it is quite attractive in terms of location.

To know more about the Home loans in Bangalore click here..