Q). What are the benefits of getting a leasehold property converted to a freehold property ?

Ans:- The property can be sold, mortgaged or kept for standing security.

Q). Are deals based on registered power of attorney/ registered will/ original allotment letter/ agreement to sell legally safe ?

Ans:- Such deals are considered legally safe.

Q). On what basis is the amount of the home loan decided ?

Ans:- The amount of home loan for each individuals depends upon the income of the family applying for the loan, age of the applicant for retirement or till the age of 65 years.

Q). Can I repay a loan ahead of given schedule?

Ans:- Yes, but some housing finance companies charge a pre-payment penalty.

Q). Do non-resident Indian citizen require permission of Reserve Bank to acquire residential/commercial property in India ?

Ans:- No permission is required