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About Us
About Us
At KL Homes, we design homes for individuals who appreciate exceptional architecture design, meticulous detail and superior quality. Our Innovative features are crafted to enhance the living experience, resulting in spaces that are both smart and modern.
Despite their contemporary design, these homes maintain a warm and welcome atmosphere. Our dedication to excellence ensure the every aspect from the materials chosen to the final touches, is carefully planned and executed. This commitment to quality and innovation creates homes that are not only functional but also aesthetically pleasing, offering a Luxurious and inviting living experience.
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Frequently asked questions
What are the benefits of buying under-construction flats in Bangalore?
Buying an under-construction flat in Bangalore comes with several advantages, including flexible payment options, the ability to choose premium units, and strong appreciation potential. Investors can also benefit from tax advantages, along with access to modern amenities and the latest construction standards. Additionally, early buyers may secure exclusive discounts and customization options.
Is it safe to invest in an under-construction property in Bangalore ?
Investing in an under-construction property in Bangalore can be a safe decision if due diligence is done. Ensuring legal transparency by verifying property documents and agreements helps protect buyers from potential risks. It also establishes project accountability and increases the likelihood of timely delivery. Additionally, checking the builder’s reputation, project approvals, and financial stability can further safeguard your investment.
Can I get home loan for under-construction property?
Absolutely! Many leading banks and housing finance companies offer home loans for under-construction properties. These loans are typically disbursed in stages based on the progress of construction, and charge interest only on the amount disbursed, leading to lower EMIs.
What tax benefits can I avail of while purchasing an under-construction flat?
The tax benefits you can avail of while purchasing an under construction flat include deductions under Sections 24B, 80C, and 80EE of the Income Tax Act – covering both the interest and principal components of your home loan.
How does the payment schedule work for under-construction properties?
A construction-linked payment plan (CLP) ensures that payments are made in instalments as the project progresses, rather than as a lump sum upfront. This approach benefits both buyers and developers by reducing financial risk.
How It Works
- Initial Booking Amount: Typically, buyers pay 20-25% of the property value at the time of booking.
- Stage-Based Payments: Payments are released in phases, aligned with construction milestones (e.g., foundation completion, slab construction, flooring, electrical fittings).
- Final Payment on Possession: The last instalment is paid when the property is ready for possession.
Advantages of CLP
✅ Lower Financial Burden: Buyers don’t have to pay the full amount upfront.
✅ Reduced Risk: Payments are linked to construction progress, ensuring developers complete projects on time.
✅ Pre-EMI vs Full EMI Options: Some banks allow buyers to pay only interest (Pre-EMI) until full disbursal, while others offer full EMI payments from the start.