Wednesday, December 17, 2014

MJR-Platina Multistorey Apartments Located off Hosur Road, Bangalore available with 2BHK Apartments and 3BHK Apartments.

MJR-Platina Multistorey Apartments Area Range 1030-1649 Sq.ft Located off Hosur Road, Bangalore available with 2BHK Apartments and 3BHK Apartments.


Platina, as the name suggests, is a rare habitat. One that deserves you. It’s a reflection of your passion for a refined lifestyle. Set in an idyllic 2.7 acres, Platina has everything you could ask for. Less than 3 km from Central Silk Board on Hosur Road, this extraordinary edifice is an ode to a way of life that is more than extraordinary. It’s a way of life we call platinum. Rare, refined and sophisticated. Or should we simply say, welcome to Platina.


Club House
  • Swimming Pool with pool side deck
  • Waiting Lounge
  • Locker Facility
  • Indoor Game Room
  • Well-Equipped Gymnasium with changing rooms
  • Multi-Purpose Hall
  • Large Terrace Garden
  • Pantry with wash area
Outdoor Amenities
  • Tennis Court
  • Basket Ball Loop
  • Jogging Track
  • Exclusive Children Play Area
  • Exclusive lush green landscaped podium gardens
Other Amenities
  • Cable TV / Internet
  • Security
  • Telephone with Intercom facility
  • Backup Generator
  • Water Treatment Plant
  • Sewage Treatment Plant
  • Centralized Gas Connection

Buying a property necessitates in depth knowledge of realestate and choosing the right kind of loans. Several banks are stepping up their exposure to real estate. These banks are entering into agreements with builders for real estate loans. The scheme mainly caters to builders /promoters / developers of real estate. According to RBI figures loans to builders, along with retail credit (like home loans, credit cards and personal loans) constitute a big chunk of banks total loan portfolio.

Banks normally give real estate loans to builders / realestate developers of repute. Experience of3-4 years is a must to avail the loan. The quantum of loan is decided after scrutinizing the financial statements and cash flow statement of the applicant. The maximum amount of loan varies from case to case and from bank to bank. Repayment is done in lump sum installment after the completion of project / selling of the flats. The number of installments is restricted to 3 to 4.

Interest Charged by Banks on Real Estate Loans

The interest rate is normally determined and charged according to the prime lending rate of the bank. Builders can either opt for a fixed or floating rate of interest.

Process of Loans Applications

Builders / real estate developers can fill up the loan application either in person or utilise online facilities and apply for loan. A nominal processing fee is charged by the banks.

1. Application form with photograph affixed thereto.

2. Copies of certificates Educational qualifications.

3. Residence proof

4. Proof for existence of business and business profile with last three years income tax return.

5. Last 3 years income and expenditure statement and balance sheet.

6. Last 3 months personal and business bank statements.

Terms and conditions of loan may vary from bank to bank.

Mortgage loans

Banks provide loans against mortgage of property. Businessmen, self employed professionals, salaried persons are all eligible to apply for the loan. It enables the borrower to apply for loan against a fixed asset.

Maximum amount of mortgage loans granted

The maximum amount of loan depends on a number of factors, like customer's profile, his financial status and repaying capacity, tenure of the loan etc. The repayment tenure increase or decreases with the quantum of loan. Repayment of loan shall be made through Equated Monthly Installments or EML.

Interest Charged by Banks

Interest is charged at the predetermined rate as per the terms and conditions. Interest can be either on fixed or floating rate basis. Interest rate can be discounted for existing clients and in special cases according to the policies of the bank.

Process of Mortgage Loan Applications

Customers can apply for mortgage loans by filling an online form. They can also visit the nearest branch of a particular bank. Normally, banks charge 1-2% of the actual loan amount as processing fee.

Documents required for approval of mortgage loans Salaried Individuals

1. Proof of identity (passport copy I voters ID card I driving license)

2. Address proof (ration card Tel I Elect. Bill, passport copy)

3. Bank statements (latest 6 months bank statement I passbook)

4. Latest salary slip of current dated salary certificate with latest form 16 under Income tax Act, 1961.

5. Proof of ownership of fixed asset being mortgaged.

Self employed professionals and businessmen

1. Proof of identity (passport copy I voters ID card I driving license)

2. Address proof (ration card Tel I Elect. Bill I passport copy)

3. Bank statements (latest 6 months bank statement I passbook)

4. Latest IT return along with computation of income, B/S & P & L alc for the last 2 years duly certified by a chartered accountant.

5. Qualification proof of the highest professional degree.

6. Proof of continuation of business(Trade license I establish- ment I sales tax certificate)

7. Other mandatory documents (sole proprietorship. Declaration. Or certificate, copy of partnership deed, Cert. copy of MOA, AOA & Board resolution.)

8. Proof of ownership of fixed asset being mortgaged.

Real Estate Properties are available in Bangalore City.......

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