2 min
30 August 2024
Kerala, renowned for its natural beauty and cultural heritage, offers diverse housing options. With a budget of Rs. 30 lakh, you can explore various choices, from cozy apartments in urban areas to charming properties in serene locales. This article will guide you through what a Rs. 30 lakh house in Kerala can offer, financing options like home loans, and steps to make your dream home a reality.
1. Apartments: Look for small to mid-sized apartments in suburban areas or smaller towns, which offer good value and essential amenities.
2. Plots: Consider purchasing a plot of land in emerging areas or developing townships, which can be a cost-effective investment for future construction.
3. Row houses: Explore row houses or compact villas in less densely populated regions, providing a blend of affordability and privacy.
4. Compact homes: Opt for compact, well-designed homes in quieter neighbourhoods or on the outskirts of cities, offering a balance between budget and comfort.
5. Shared ownership: Investigate shared ownership or co-operative housing models, which might provide more space and amenities within your budget.
Each option comes with its own set of advantages, depending on your location preferences and future plans.
1. Research locations: Focus on emerging or less-expensive areas in Kerala, such as smaller towns or suburban regions, to get the most value for your budget.
2. Prioritise needs: Define your essential needs, such as proximity to work or schools, and choose properties that meet these criteria while staying within budget.
3. Inspect properties: Thoroughly inspect potential homes to check for any structural issues or required repairs that could impact your budget.
4. Negotiate: Don’t hesitate to negotiate the price with sellers to get a better deal or additional benefits like maintenance waivers.
5. Check legalities: Ensure all legal documents and property titles are clear and verify compliance with local regulations to avoid future issues.
6. Consider financing: Explore home loan options to supplement your budget. Check for competitive rates and flexible terms to manage your finances effectively.
7. Evaluate resale value: Choose properties in areas with growth potential to ensure a good resale value in the future.
8. Get professional help: Consult with real estate agents or property experts who can guide you through the buying process and offer valuable insights.
To apply for a home loan with Bajaj Housing Finance, you must fulfill these criteria:
1. Nationality: You must be an Indian resident to apply.
2. Age:
3. Credit score: A good credit score of 725 or higher is crucial for securing a home loan at favourable terms.
5. Occupation: The loan is open to salaried employees, professionals, and self-employed individuals.
1. Start by clicking the "APPLY" button on this page.
2. Enter your name, contact number, and employment details.
3. Select the type of loan you need and generate an OTP for verification.
4. Provide your income information, the desired loan amount, and property status.
5. Fill in your date of birth, PAN number, and any additional required details.
6. Submit the application, and a representative will reach out to guide you through the next steps.
With the right financing, you can secure your dream home in Kerala. Apply for a Bajaj Housing Finance Home Loan today to make your vision a reality.
Property options for Rs. 30 lakh budget in Kerala
With a Rs. 30 lakh budget in Kerala, you have several property options:1. Apartments: Look for small to mid-sized apartments in suburban areas or smaller towns, which offer good value and essential amenities.
2. Plots: Consider purchasing a plot of land in emerging areas or developing townships, which can be a cost-effective investment for future construction.
3. Row houses: Explore row houses or compact villas in less densely populated regions, providing a blend of affordability and privacy.
4. Compact homes: Opt for compact, well-designed homes in quieter neighbourhoods or on the outskirts of cities, offering a balance between budget and comfort.
5. Shared ownership: Investigate shared ownership or co-operative housing models, which might provide more space and amenities within your budget.
Each option comes with its own set of advantages, depending on your location preferences and future plans.
Tips for buying a Rs. 30 lakh house in Kerala
Here are some tips for buying a house in Kerala with a Rs. 30 lakh budget:1. Research locations: Focus on emerging or less-expensive areas in Kerala, such as smaller towns or suburban regions, to get the most value for your budget.
2. Prioritise needs: Define your essential needs, such as proximity to work or schools, and choose properties that meet these criteria while staying within budget.
3. Inspect properties: Thoroughly inspect potential homes to check for any structural issues or required repairs that could impact your budget.
4. Negotiate: Don’t hesitate to negotiate the price with sellers to get a better deal or additional benefits like maintenance waivers.
5. Check legalities: Ensure all legal documents and property titles are clear and verify compliance with local regulations to avoid future issues.
6. Consider financing: Explore home loan options to supplement your budget. Check for competitive rates and flexible terms to manage your finances effectively.
7. Evaluate resale value: Choose properties in areas with growth potential to ensure a good resale value in the future.
8. Get professional help: Consult with real estate agents or property experts who can guide you through the buying process and offer valuable insights.
Financing your Rs. 30 lakh house in Kerala
If you're ready to invest in a Rs. 30 lakh house in Kerala, Bajaj Housing Finance provides competitive home loan options to help you achieve your dream. With appealing home loan interest rates, flexible repayment plans, and a swift approval process, Bajaj Housing Finance is a dependable ally in your home-buying journey.To apply for a home loan with Bajaj Housing Finance, you must fulfill these criteria:
1. Nationality: You must be an Indian resident to apply.
2. Age:
- Salaried individuals: Between 23 साल and 67 साल
- Self-employed individuals: Between 23 साल and 70 साल
3. Credit score: A good credit score of 725 or higher is crucial for securing a home loan at favourable terms.
5. Occupation: The loan is open to salaried employees, professionals, and self-employed individuals.
Application process for loan for home purchase
Applying for a home loan is straightforward and can be completed online in just a few steps:1. Start by clicking the "APPLY" button on this page.
2. Enter your name, contact number, and employment details.
3. Select the type of loan you need and generate an OTP for verification.
4. Provide your income information, the desired loan amount, and property status.
5. Fill in your date of birth, PAN number, and any additional required details.
6. Submit the application, and a representative will reach out to guide you through the next steps.
With the right financing, you can secure your dream home in Kerala. Apply for a Bajaj Housing Finance Home Loan today to make your vision a reality.
