Wednesday, April 30, 2014

2BHK & 3BHK Luxury Residential Flats for sale off Kanakapura Road, Bangalore at Liberty Square.

Liberty Square Multistorey Apartments Area Range 1250 - 2155 sq.ft., Located at Kanakpura Road, Bangalore available with 2BHK Apartments and 3BHK Apartments.

Style, luxury, and elegance are the pinnacle of design for Liberty Square at Providence. Located in exciting Las Vegas, NV, we are close to all that city life has to offer while still providing the opportunity of a serene atmosphere. Come by and imagine yourself enjoying the sun around our shimmering swimming pool and spa. Spend time with friends and loved ones at our contemporary clubhouse with a plasma-screen TV. Our apartment homes come with Energy Star appliances for efficient electricity use including washer and dryer. Call us today and schedule your private tour to see why Liberty Square at Providence is the perfect place for you to call home!


Community Amenities
Access to Providence Jogging Trails, Parks with Playgrounds, Athletic Fields, and More
Beautiful Views of the Mountains and City
Business Center with PC, Printer, Fax and Wi-Fi Internet Access
Contemporary Clubroom with Kitchen, Plasma TV and DVD Player and Wi-Fi
Emergency Maintenance
Fully Equipped Fitness Center with individual TV's and towel service
Outdoor Fireside Lounge
Picnic Area with Barbecue Grills
Private Pool and Spa Featuring Wi-Fi Access and Cabanas
Quick Access to I-95/215

NHB lightens lending Norms

The National Housing Bank(NHB)India's housing regulator has proposed new and tougher landing norms governing housing finance companies. This tightening move will impact home loan seekers across segments.

NHB has mandated that housing finance firms make greater provisions for loans extended to companies and builders while at the same time, limiting the amount a person can borrow against property.

The new rule require housing finance companies to provision, or keep aside, 0.4% of the total outstanding loans by September 2011. This would apply to all loans other than individual housing loans. National Housing Bank Chairman and Managing Director, R. V. Verma said that the regulator wants the housing finance firms to build up adequate capital reserves for the segment, which can be very volatile and prone to risk.

The new norms also limit the amount a person can borrow against property to 90% when the value of the property is less than Rs.20 Lakhs. earlier there was no limit no such loans because they were classified as the priority sector. All other loans against property have been capped at 80% ofthe property's value.
NHB is of the view that since this segment is very competitive, some lenders were tempted to extend up to 100% loan against property. Such loans have the potential to impact the balance sheet of a lender in the long run.

The norms also mandate a risk weight of 12.5% for new home loans above Rs.75 lakh. This implies that for every rupees lent, lenders would have to keep aside Rs.l.25.

Verma, justified this by informing that most of the developed economies have similar guidelines for housing finance companies.

The regulator has also directed housing finance companies to maintain a 2% provision on teaser loans. This includes any other loan with special rates, where the interest rate is low in the first few years.

Anil Sachidanand, CEO of Dewan Housing Finance acknowledging the new norms to be positive said, these steps which will help in ensuring a level playing field in the industry.

The housing finance firm has less than 2% exposure towards builders or corporate. Sachidanand is of the view that the cap could have been lowered to around 80% for loans less that Rs.20 lakh for that would ensure that borrowers have to pay more from their side and encourage savings.

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