:: Fortune Butterfly City - Developers Private Limited. ::

›	25 min drive from South East Asia’s Biggest Rajiv Gandhi International Airport.
›	Rajiv Nano Tech Park.
›	APHB Township in 600 Acres.
›	Hardware Park in 4000 acres.
›	IT SEZs.
›	Gitanjali Gems & Jewellery Park.
›	Apparel Park.
›	Aghakhan International School.
›	Outer Ring Road.
›	Star Hotels.
›	Air Cargo Complex.
›	Very Close to Mucherla IT Cluster in 700 Acres.
›	Tummaluru IT Cluster.
›	Completely Free from Pollution.
›	Asia's biggest Amusement Park.
›	PV Express Highway from Mehdipatnam to Shamshabad.
›	DTCP Approval with HUDA Norms.
›	Gated Community (Layout Surrounded by Security Fencing).
›	100% Vasthu compliant.
›	Wide Black Top Roads – 60ft Main Road, 40ft Internal Roads.
›	Underground Power Cabling System.
›	Underground Drainage.
›	Beautiful Landscaped Gardens.
›	Natural Lake, Boating.
›	Lake Restaurant.
›	Wi-fi enabled Club House.
›	State-of-the-art Swimming Pool.
›	Hitech Gymnasium.
›	Indoor/Outdoor Sports Areas.
›	Electronic Games Park.
›	Illuminated Tank Bund.
›	Childrens Park.
›	Abundant Drinking Water Sources.
›	Overhead Tanks.
›	Rain Water Harvesting.
›	Commercial Spaces.
›	ATMs/Banks.
›	Green Walkways.
›	Health Spa/Clinic, Creche, Laundromat.
›	World 14 Wonders Miniature Park.
›	Round the Clock Security.
›	Avenue Plantations.
›	Rock Formations.
›	Solar Electric Lamps in Parks.
›	Site is well connected by proposed National Highway Srisailam Road and having 4 side connective roads.
›	Property Management Services.

Taking a Bank Loan - Tax Plan

Interest paid on housing loan can be claimed as deduction under u/s. 24(b) fully. Such deduction is per person and not for one property.

Repayment of the principal amount of housing loan is also eligible for the deduction u/s. 80c subject to a maximum sum of Rs. 1,00,000/- per year.

Points to be considered while taking Bank Loan

A)	Selection of Bank: It is generally safe to take a loan from scheduled banks or leading financial institutions. Fortune is suggesting to get Housing Loan from DHFL / State Bank of India / LIC Housing Finance Ltd.
B)	Rate of Interest: The rate of interest on housing loans depends on the tenure of the loan, fixed/floating rate, profile of the borrower.

Rate of Interests in some of the scheduled banks are as follows :

LICHFL

Parameters	Upto 20 lakhs	Above 20 lakhs
Interest Rates	10.25	10.75
Process Fees	0.5 % of loan amount	0.5
Margin	15%	20%

SBI

Parameters	Upto 30 lakhs	Above 30 lakhs
Interest Rates	10.00	10.15
Process Fees	0.5 % of loan amount	-
Margin	10%	20%

DHFL

Parameters	Upto 15 lakhs	Above 15-30 lakhs
Interest Rates	10.75	11.00
Process Fees	1.00 % of loan amount	1.00 % of loan amount
Margin	20%	20%

Tenure of the Loan: Housing Loans are available ranging from 5 years to 20 years. We suggest considering repayment capacity per month, earning potential over the next few years while selecting the Tenure.

Other aspects: Considering the financial profile and Repayment Capacity of the applicant banks provide housing Loan up to 80% cost of the property.

Documents required for getting Bank Loan

Particulars

Loan Customer Salaried

Loan Customer Business Person

Loan Customer (NRI)

Guarantor (Mandatory)

1.	Address Proof

Yes

Yes (Visa)

Yes

2.	Identity Proof

Yes (Pan Card)

Yes (Visa)

Yes (Pan Card)

3.	Employment Order

Yes

4.	Salary pay slips

6 Months

5.	Bank Statement

1 Year

6 Months

6.	IT Returns

3 Years

1 Year

Photos

6 Nos

2 Nos

8.	List of Assets & Liabilities

Yes

SPA

Yes

Note : Guarantor Documents are Mandatory

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