Property Loans – Impact of RBI guidelines on home loan borrowers

Real estate prices continue to climb and to add to problems of home loan borrowers, Reserve Bank of India has introduced some new norms and policies. These policies are bound to have an impact on the home loan borrowers and teaser loans are one of the areas where changes have been incorporated. Teaser loans were pioneered and promoted by State bank of India as low cost loans and these loans are offered at low fixed interest rates for the initial 2 to 3 years. After this initial period the interest rates go back to the normal floating rates.


The Reserve Bank of India has had serious reservations about teaser loans since it can be risky to the banks with borrowers being unable to pay the increased EMIs in the long run. For this purpose RBI increased standard asset provision on the teaser loans from 0.4% to 2%. Currently borrowers are able to get loans at low rates of 8% for fixed number of initial years following which the rates shoot up. The increased provisioning means reduced income for the banks.


Some banks that offer teaser loans include State Bank of India, ICICI Bank, Corporation Bank and Punjab National Bank. Borrowers opting for teaser loans should understand that the rates are low only for the initial years and they are bound to increase. The decision to buy a property should be taken only if the borrower likes the property and is able to pay increased EMI in the future. Base Interest Rates – Safeguarding interests of old and new borrowers.


As per the new guidelines given by RBI in April 2010 the lending rates will be fixed at base rate along with the borrower specific charges. The base rate will be fixed as per the cost of funds and so changes in interest rates will be passed to new as well as old customers. Banks will be allowed to experiment with the rates before the system is adopted from December 2010. Most banks are expected to determine their base rates in the range of 8 to 9%.


The purpose of this change is to allow increased transparency in rates of lending. Volatility in the market will also be reduced due to the base rate policy and there will be increased competitiveness among banks. Borrowers will be able to choose the bank that can best meet their requirements. Protecting interests of home loan borrowers through lowered loan to value ratio.


To exercise greater control over home financing sector in the country, Reserve Bank of India has made home buying an expensive proposition particularly for those who depend completely on bank loan. As per the new provision home buyers will now be able to get loan to the extent of 80% of the house value from the bank. The buyer will have to arrange the remaining 20% of the house value. Some banks were allowing loans of up to 90% of the house value and RBI introduced this new policy to curb this problem.


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DSK Sayantara – Where class, comfort and nature co-exist; fully developed bungalow plots set among lush green surroundings!

Dream of living in your own bungalow surrounded by pristine natural beauty but with all amenities at hand in Pune? Well, then it is time to convert that dream into reality. DSK Sayantara offers fully developed, picturesque bungalow plots that afford a breathtaking view of the Khadakwasla Lake in the distance. What’s more these plots can be entirely customized as per individual tastes and requirements.

Situated within DSK Vishwa, a sprawling 130 acre township, Sayantara is located at Sinhagad road, Dhayari and comprises 214 bungalow plots with a choice of areas ranging in 3000, 4000 and 5000 Sq.ft that can be developed as per the owners’ tastes. Prospective buyers can construct their dream home on their own or choose from among 7 different design options.

Located in the lap of nature these plots deliver pollution free and yet a luxurious lifestyle option. The lush green fields surrounding these plots make it an ideal project for individuals seeking a calmer and laid back living. In spite of being located in the midst of such natural beauty the project has all the top class amenities suitable for a comfortable and classy life.  

DSK Sayantara is conveniently located not too far away from other areas in the city, in fact it is only 9 kms from Deccan!  Top class infrastructure, excellent approach roads as well as internal avenues, first rate amenities, high quality security measures implemented within the township make this a finest option for home buyers.

DSK Sayantara Bungalows Sinhagad Road Pune

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The project has been designed to include amenities that make it a completely independent and self sufficient township while fostering community spirit among its residents. The residents of DSK Sayantara can take benefit of the amenities provided within DSK Vishwa. These amenities include an Ultra modern club house with equipped gymnasium, badminton court, swimming pool, Jacuzzi and Sauna. The other amenities include community hall, medical centre, mini theatre and restaurant and bar. DSK Vishwa also has a school, bank, post Office, hospital, telephone exchange and shops catering to the daily requirements of residents.  Sayantara residents can not only use all these amenities but they will have their own recreation centre with table tennis, carom, card room and reading room.

Other amenities designed specifically for Sayantara residents include landscaping in the common areas, rain water harvesting, party lawn along with pantry, equipped play area for children, concrete finished/ block paved roads and society office. Individual plot owners will be provided with fencing as well as security gate along with a decorative nameplate. Water and Electricity supply will be provided with meter and telephone line will be provided till the plot.

DSK Sayantara is an ideal project for individuals tired of the traffic snarls and hectic pace of city life. With the real estate sector in Pune booming like no other, Sayantara offers a great investment opportunity particularly for those families who are looking for a sound property to invest with long term benefits.  What’s more DSK offers multiple finance options from different financial institutes for interested buyers.

So why wait? Book your plot today at DSK Sayantara!

Visit:  http://www.dskdl.com/site/current_projects/Pune/Sayantara

Call: +91-20-6604 7100

‘DSK Saptasur’ - a spacious home for your entire family

Houses are made of bricks, concrete and walls; homes are made of people. It is family members living happily in a home that makes it a special place. How often have you dreamt of having your entire family - parents, spouse and kids - live harmoniously under a single roof? Too many times to count right? Well, now your search for a home that affords all the modern amenities & comforts as well as space for your entire family plus fits in your budget stops at DSK Saptasur!


Situated within DSK Vishwa, at Sinhagad Road, Dhayari, Pune, Saptasur offers superbly designed spacious 3 BHK homes set amongst breathtaking natural beauty.


At DSK Saptasur enjoy life to its fullest with your loved ones. A place where your kids can play in wide open spaces, breathe in unadulterated, pure air, in secure and safe surrounding; all away from the maddening crowd of cities. Saptasur is well equipped to take care of everyone’s requirements; whether it is your parents enjoying a quiet evening walk or a good book in the library or whether it is you and your spouse participating in cultural programmes or having fun with a rousing game of carrom with your friends.

DSK Saptasur Sinhagad Road, Pune

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In times where nuclear families and a general detachment from people are a way of life, DSK Saptasur affords a great way of connecting with people, not just with your family but also a chance to experience the joys of community living but with ample personal privacy. What’s more, DSK Saptasur is conveniently located from city centers.


Your perfect family home is right here at DSK Saptasur… experience the joys of watching your entire family stay and thrive together!


Visit: http://www.dskdl.com/site/current_projects/Pune/Saptasur


Call: +91-20-6604 7100


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Enjoy the myriad moods of nature at DSK Meghmalhar!

Why go to a hill station to experience the rains in all their glory when you can do it sitting in your own balcony? At DSK Meghmalhar experience the changing moods of nature with your family from the comforts of your own home! Revitalize yourself at DSK Meghmalhar - where you can take in the magical beauty, the soothing sound of falling rain that will refresh all your senses.

Located at DSK Vishwa at Sinhagad Road, Pune, DSK Meghmalhar is surrounded by stunning natural beauty, lush green hills and wide open spaces and offers 1 & 2 BHK apartments as well as 3 BHK row houses well equipped with all the modern amenities and comforts for daily living. As part of a sprawling township, DSK Meghmalhar offers the best of both worlds; utmost privacy and space for those who enjoy their solitude but also cultured company & security of community living. A perfect blend of modern living surrounded by nature’s lush bounty to suit your lifestyles!

DSK Meghmalhar Sinhagad Road, Pune

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So why wait? Book your home today! There’s a special offer for DSK Meghmalhar - Just 1.95 Lacs* down payment for a spacious 1 BHK apartment! Of course this is a limited period offer, so call us today or come down to our offices to finalize your booking!

Visit: http://www.dskdl.com/site/current_projects/Pune/Meghmalhar

Call: +91-20-6604 7100


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Welcome to ‘DSK Vishwa’ – a unique world where modern comforts blend with natural beauty!

Everyone has a dream home… A home which is surrounded by splendid natural beauty, a home where you can relax with your loved ones, a home which is your own cozy corner away from the maddening crowds, a home where you can escape the daily stress and pressures, one that offers all the comforts, amenities and security, a place where you can belong! But does such a place exist?

Sure it does! At DSK Vishwa your search for that perfect home ends. Nestled among lush green hills, surrounded by abundant natural splendor, DSK Vishwa is situated far away to provide you with a serene, relaxing environment but near enough to the city center so that you can easily commute to work.

Conveniently located on Sinhagad Road, Pune DSK Vishwa is a sprawling township, home to over 6,000 families. A township not only rich in natural beauty but also well equipped with all the modern amenities that make daily living comfortable. Jogging track, Fitness center to keep your health in peak condition. A quick game of badminton or a dash in the swimming pool to start the day with vigor, a fully stocked library for bookworms, Amphitheatre, restaurants, general stores, ATMs, bank – all conveniences right at your doorstep. What’s more DSK Vishwa also has a top class school and a General Hospital right on the premises.

At DSK Vishwa there’s something for everyone – Wide open spaces where children can play to their hearts content or grandparents can take a leisurely stroll, cultural programs, literary discussions, P.L Deshpande katta for all Pula fans! Enjoy all the benefits of living in a highly cultured, secure and a safe community while enjoying your own privacy. Simply put it’s like having the best of both worlds!

DSK Vishwa is still expanding… Saptasur offers spacious 3 BHK budget apartments, Vishwa Villas are lavish American style ready to move in bungalows and Meghmalhar offer cozy 1&2 BHK apartments. Sayantara offer fully developed, picturesque bungalow plots that afford a breathtaking view of the Khadakwasla Lake in the distance. DSK Vishwa has a home for every taste, style and need!

Experience the changing seasons from you own balcony, sip a cup of piping hot tea with your family and friends while the rains pour down, enjoy the magnificent landscape because at DSK Vishwa you are in complete harmony with nature!

Visit: www.dskdl.com

Call: 91-20-6604 7100/7110


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