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K. A. Mohamed Saleem one of the founding visionaries behind formation of ASSET HOMES and has been serving as Managing Director since its inception in the end of 2006. He has a management track record spanning 26 years and looks after the important portfolios of the company such as Sales, Marketing, Customer service and Finance.
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- Our Office
Corporate Office
G-129,28/34 A,
Panampilly Nagar,
Kochi-36
Tel: 0484 6456474
Golf Links Road,
Kowdiar, Trivandrum-695003
Call:
M:+91- 98464 99999
M:+91- 97452 00250
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- Sister concerns
Relationships, life revolves around them. Be it between human and human, human and environment, human and technology or between anything for that matter. Its relationships which make the world go around. A perfect balance is critical in every relationship, where each party treats the other with respect is transparent and is committed to nurture the relationship to form an everlasting bond. It is perhaps the biggest asset one can have. And it is not measurable. Asset Homes is built on this very essence of meaningful relationships between us and our customers, trade partners and employees. And with everything we deal with.
- Directors
- Asset Care
- Asset Care
Being the most customer centric organization, we have formed a new organization – ASSET CARE. Asset Care will function to take care of all your needs from interior designing, property management, maintenance to renting out of the apartments at the request of the customers.
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- Interiors Gallery
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- Buyers Guide
Home Buying Process Home Buying Tips NRI Guide RI Guide • General Guidelines • Home Loans • Investments • Tax Benefit • Home Loans - |
- Tools
EMI Calculator Area Convertor - |
- Glossary
Equal Monthly Installment (EMI):
Loan repayments are usually in Equal Monthly Installments over the tenure of the loan. Some banks also offer a Variable Installment Scheme were in repayments are higher in the beginning of the loan period. This is beneficial for those individuals who are trying to maximise their tax breaks in the initial years and expect future tax breaks to fall (we believe that the opposite is more likely!) - |
- Faq
Do non–resident Indian nationals require permission of the Reserve Bank to acquire residential/Commercial property in India?
No permission is required by non-resident Indian nationals to acquire immovable property in India.
Relationships, life revolves around them. Be it between human and human, human and environment, human and technology or between anything for that matter. Its relationships which make the world go around. A perfect balance is critical in every relationship, where each party treats the other with respect is transparent and is committed to nurture the relationship to form an everlasting bond. It is perhaps the biggest asset one can have. And it is not measurable. Asset Homes is built on this very essence of meaningful relationships between us and our customers, trade partners and employees. And with everything we deal with.
- Asset Care
- News Update
- Print Media
The Hindu, 2010 October 8
Asset Signature-First Completed CRISIL 7 STAR RATED Project
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- News Letter
India’s first international container trans-shipment terminal (ICTT) in the Special Economic Zone at nearby Vallarpadam Island,Kochi designed to handle the largest container ships,will be opened by Prime Minister Manmohan Singh on Friday with a token inaugural call by a vessel that’s small by industry standards. The country's first global hub terminal, the ICTT is in strategic proximity to international sea routes.
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News about Asset Homes is divided into periods between the years 2006- '11
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THEVARA , KOCHI
TRIPUNITHURA
TRIPUNITHURA
ALUVA
KAZHAKOOTAM , TRIVANDRUM
KADAVANTHRA , KOCHI
KANJIKUZHY, KOTTAYAM
ALUVA
CHERANELLOOR, KOCHI
PAYYAMBALAM, KANNUR
PAYYAMBALAM, KANNUR
KAKKANAD , KOCHI
PANAMPILLY NAGAR , KOCHI
KAKKANAD , KOCHI
NEAR MAHARAJAS COLLEGE, KOCHI
KAZHAKOOTAM , TRIVANDRUM
EDAPPALLY , KOCHI
PALARIVATTOM , KOCHI
MARADU , KOCHI
EDAPPALLY , KOCHI
KALOOR , KOCHI
EROOR , KOCHI
KURAVANKONAM , TRIVANDRUM
TRIPUNITHURA
EDAPPALLY , KOCHI
MARADU , KOCHI
IRIMPANAM , KOCHI
KAKKANAD , KOCHI
KAKKANAD , KOCHI
KAKKANAD , KOCHI
ALUVA
KAKKANAD , KOCHI
TRIPUNITHURA
EDAPPALLY , KOCHI
KALAMASSERY , KOCHI
KAKKANAD , KOCHI
Equal Monthly Installment (EMI):
Loan repayments are usually in Equal Monthly Installments over the tenure of the loan. Some banks also offer a Variable Installment Scheme were in repayments are higher in the beginning of the loan period. This is beneficial for those individuals who are trying to maximise their tax breaks in the initial years and expect future tax breaks to fall (we believe that the opposite is more likely!)
Fixed /Floating rate:
Under a floating rate loan, the interest rate on the loan varies from time to time depending on the Prime Lending Rate fixed by the Reserve Bank. This change can happen as frequently as one in six months. If the PLR falls, you benefit as the effective interest rate on your remaining loan falls. However, your payments every month stay the same. The Finance Company will refund some of your EMI cheques and effectively compensates you by reducing the tenure of the loan. The reverse happens if the PLR raises much to your disadvantage.
Choosing between fixed and floating loans:
In the last 2-3 years the PLR has fallen as the Indian economy has been growing and demand for money was high. If you expect this trend to continue, you stand to benefit from a floating rate loan. If interest rates begin to rise again, you can prepay your floating rate loan and lock in to fixed rate loan. You must then choose a floating rate loan with no repayment charges (one is offered by HSBC). However, if you do not want to speculate on interest rates and need a stable loan to help planning the future, then go for a Fixed rate loan.
Rest:
Interest rates are quotes on a daily rest, monthly rest or annual rest basis. The annual rest quote implies that the company gives you the credit for the monthly principal repayments only at the end of each year. Such loans are therefore more expensive than a monthly /daily rest loan. The shorter the tenure of the loan, the greater the effective interest rate difference will be.
Processing Fee:
A one time fee which is normally non-refundable and payable along with your initial loan application. Rates can vary from 1-2% of the loan amount.
Administrative Fee:
A one time fee which is normally non-refundable and payable before your loan is disbursed. Rates can vary from 1-2% of the loan amount.
Commitment fees:
This interest is charged if you do not draw the sanctioned loan within a period of 6-9 months. The rate of interest is usually about 1-2% a months.
Interest Tax:
Housing Finance companies have to pay a tax on the interest income they receive from you. They sometimes pass this on to the customer. Always check with the company if the interest rate they are quoting includes interest tax or not. This tax normally about 2% of the interest rate charged. E.g if the interest rate quoted is 14% then the actual interest rate including interest tax is about 14.28%.
Prepayment charge:
Most Housing Finance companies charge a fee for prepaying your loan before its full tenure is over. This helps them plan their finances, at your expense. Your earning capacity will normally increase with age and a prepayment fee can be a big cost. This fee also limits your ability to refinance the loan if interest rates fall after a few years. The fee is normally in the range of 1-2% of the prepaid amount.
Refinance Charge:
Some Housing Finance companies do not charge you for prepayments from your own savings. However, if you retire a loan using money borrowed from another Finance Company, you will have to pay a Refinance charge of 1-2% of the loan outstanding.
Down payment:
Housing finance companies would normally give a loan up to 80-85% of the value of the property. The remaining amount would have to paid by the buyer (to the seller), as a down payment before the he draws on the loan.
Tenure of the loan:
Normally, loans are given for a period of 1-15 years. Some companies also give loans up to 20 years at an additional interest cost of 0.25% -0.5%. Most companies do not allow loans for a fraction of a year.
