The success of a community depends on the development of its land. It can create additional jobs, improve curb appeal, bring neighborhood members together, and maintain or boost home prices. In addition, construction offers economic stability to any development, whether it is residential or commercial.
The Congate is Chennai’s most reputable property developer, dedicated to high performance, professionalism, and excellent service. The company had experienced a steady expansion in its building activities.
As a result, it had expanded its wings over Chennai City, acquiring a well-deserved reputation as a dependable promoter who provided high-quality construction and a client-friendly approach.
What is Congate?
The Congate is a partnership firm that was founded on August 28th, 2006. Congate has set the highest standards for itself from its inception. As a result, Congate provides customers with a tremendous sense of security when they invest with them.
In the last six years, The Congate has executed projects totaling 60,000 square feet. The firm hopes to add another 1,50,000 square feet of projects at reasonable pricing in a short period.
Highlights
- The architecture is flawless
- Homes that are Vaastu Compliant
- Engineers who are dynamic and skilled and who use cutting-edge technology
- Elegant interior and exterior design
- On-time shipping
- Customer satisfaction is a term used to describe how satisfied a customer is with a product
- Luxurious Living at a Reasonable Cost
- Best Color Paints at Every Level of Quality
Vision
The Congate is committed to providing exceptional living spaces that match the clients’ expectations for quality, excellence, and value for money by utilizing the newest breakthroughs in technology, design, and service. In addition, by upholding professional standards, ethics, and social responsibility, we pledge to build a long-term relationship with our consumers.
Mission
To maintain the quality standard, the business strives to deliver excellent work on time, marching forward with the goal of client pleasure.
Services
With vast experience and exposure in a wide range of residential projects, They have in-house designers, decorators, engineers, project managers, and site supervisors. Anyone can build a house, but they build a complete home with the services listed below-
Building construction services
- Rowhouses
- Twin houses
- Individual houses
- Apartments
Engineering services
- Approval plan
- Estimation
- Walkthrough
- Floor plan
Interior services
- Modular kitchen
- Study table unit
- Living room interior
- Crockery unit
Material services
- Bathroom accessories
- Grill designs
- Windows
- Tiles
Value-added services
- Renovation services
- Air conditioning services
- Landscape services
- Bank loan services
NRI Service
- They guide clients throughout the entire process, from property selection to completion, and assist with the project’s upkeep.
- Sync Up meetings with their power of attorney are held frequently to discuss the project as needed. In addition, visits to historical locations are planned.
- They assist them in obtaining a loan from a reputable institution like HDFC, LIC Housing Finance Ltd., Etc.
- They help customers choose tiles/paints and interior decoration, carpentry, modular kitchens, etc., by giving them similar photographs via email to help them choose the ones they want.
- They provide project status updates and respond to their questions via email and phone.
- They assist clients with secure and simple transactions while ensuring the safety of their funds.
Documents required
Copy of employment/labor contract, most recent salary slips, bank statements, identity card, most recent work permit, resident visa stamped on passport, Overseas Bank Account and NRE/NRO statement for the previous year, Credit Bureau Report, construction agreement, and other documents to back up the deal.
Pricing
- Avg. Price: $4.80 per square foot
- The cost of a three-bedroom apartment in The Congate is priced between Rs. 51.84 L and Rs. 54.72 L.
Tax benefit
Tax incentives are available to all applicants who have taken out a house loan to purchase an apartment. Section 24 allows you to claim interest as a deduction. You can claim up to Rs. 150,000 or the amount of interest you paid, whichever is less.
Section 80C allows for a claim of up to Rs. 100,000 in principal. This is limited to a total of Rs 100,000 across all 80C investments. The actual tax exemption is entirely determined by the amount of monthly EMI paid.
Deduction claimed
In income tax filings, Each co-owner can claim a deduction for the repayment of the loan’s principal and interest on their own. You’ll need to provide the lender’s statement, which shows the repayment for the year and the claim and principal components.
Payment option
Fees, levies, and pre-EMI interest should be transferred to the House Financing Institution outside India using conventional banking methods or from the Non-Resident (External) Account/Non-Resident or Ordinary Account.
Process of buying a flat with congate
By coming to the website, you’ve already made the first step. Sending an email or giving a call is the next step.
Home loans
Home loans are granted based on the property’s market value, usually determined by a bank’s estimate of the property’s registration value. We create home loan arrangements with reputable banks and financial entities.
Home loan features
Purpose: To purchase a home from a builder or a resale, as well as to construct or extend an existing home.
Loan amount: Depending on your eligibility, income, and repayment ability, you may be eligible for a home loan.
Eligibility
Banks assess your eligibility based on your ability to repay the loan and communicate the loan amount upfront. By combining the income of your parents/spouse/siblings (co-applicants), paying off your debts, and extending the term of your loan.
You can improve the chances of getting a home loan. In addition, salaried people can enhance their eligibility by demonstrating their performance-related pay or bonus.
Interest rates
Fixed-interest loans have an interest rate that stays the same throughout the loan’s term. Thus, the consumer is unaffected by market risk or the possibility of interest rate hikes.
As a result, when house loan interest rates are likely to rise in the future, a fixed rate is a sensible option. In the case of a floating rate loan, the consumer is subject to market risk, and market interest rate conditions determine his gain or loss.
If the interest rate declines in the future, a floating rate is advantageous. A floating rate, sometimes known as an “adjustable rate,” is a non-transparent rate.
Pros and cons
The Bottom Line
The Congate aspires to be the best, and their clients are their top priority. They prefer to work with their clients on an “open book” basis, with no hidden expenses at the end of the project
Also, Read
FAQ
What is Congate?
The Congate is a partnership firm that was founded on August 28th, 2006. Congate has set the highest standards for itself from its inception. As a result, Congate provides customers with a tremendous sense of security when they invest with them.
When Congate was founded?
Congate was founded on August 28th, 2006.