Advantages enjoyed by women home buyers
Women are permitted to deduct the interest paid against the mortgage loan against the net rental value when they rent out their home.They are also eligible for a tax deduction of Rs 2 lakh on the interest rate paid on home loans.The banks offer home loans at a lower interest rate to women home buyers. As the women homeowners are more punctual in paying back home loans, there is a less possibility to default on payments. Thus, banks are also keen on lending to women.
If you are looking to buy a residential property, Hiranandani Parks Oragadam Chennai is a good option. It is an integrated and self-sustained township that is spread over 400 acres and offers luxury apartments in Chennai . This housing project has been developed by Hiranandani Communities.