Paramount Symphony NH 24 - A boon for Delhi to become proud owners of luxurious home

Take a glimpse at Paramount Symphony NH 24 and you will be mighty impressed with the features on offer at such reasonable rates. Paramount Symphony Crossings Republic offers a lot of variety in the floor plans to choose.

Ghaziabad being an old and alluring city is now attaining name as a reasonably priced place to reside. Paramount Group presents great residential complexes, shopping malls, parks and schools in Ghaziabad. Paramount Symphony NH 24 is one such project with magnificent facilities and a mixture of floor plans to fit various budgets. Moreover, its proximity to NCR is a further bonus for everyone. It is really an opus of all the spare time, services and luxuries, merged with your style of living. 

Paramount Symphony NH 24 has shown the way in India in presenting up to date luxury class and ultra modern residential complexes which are unique and designed keeping in view the idea of tomorrow’s living. The fabulous atmosphere at ParamountSymphony Crossings Republik generates a jovial background where you can enjoy and have fun.

Paramount Symphony NH 24 provides you that harmony and energizing experience, which packs you with delight and peace. Green surroundings and luxurious apartments create extensive sanguine influence in the environment, and make your life more cheery and satisfying. Paramount Symphony Crossings Republik is the right place to make the head way.

Get that zing going and have a look at Paramount Symphony NH 24 and get a fair idea from current flat owners.

Paramount Symphony Ghaziabad – For an opulent and blissful way of living

Paramount Symphony India is a quality residential project with umpteen amenities attached to it. Enjoy a life of peace and serenity in years to come at Paramount Symphony Ghaziabad, and that too at a reasonable price.

 Paramount Symphony Ghaziabad India is an elite masterpiece created by Paramount Group. It is a unique residential project which bears the emblem of elegance, modern style, and lavish amenities. It is true value for money. To sum up, it offers convenience with fruitful living and has pollution free and luxuriant surroundings. It is definitely a uniquely shaped residential address oozing sheer luxury. Right from designing the project to choosing specifications, builder has followed Vaastu norms giving the group an added advantage. Moreover, Paramount Symphony Ghaziabad Price is also affordable.

Paramount Symphony lets you enjoy the serene greenery. Trees have been planted in surrounding area which ensures that you get to see a scenic landscape and good plantations to balance ecology. World class concepts have been incorporated to create an ambience of practicality and sense of being with nature. In every sense, this project has lived up to the expectations of prospective home buyers. You also get spectacular views from every corner of the house making it worthwhile.

  

From each and every room you get a magical view. Singapore based architects have put in all their efforts in creating Paramount Symphony. A great escape to unwind from all your stresses; it is definitely a dream house with peace and serenity.

Paramount Symphony at Ghaziabad - is it the right choice?

The luxury class residential complexes of Paramount Symphony Crossings Republik Ghaziabad are unique in design as they are created by Singapore architects. When it comes to choosing a housing system at Paramount Symphony at Ghaziabad you have a lot of variety to choose from.

 Thinking of buying an apartment with grand amenities? Do you want a hi-tech home with luxurious facilities? Do you want all this at an affordable price? Do you want you and your family to enjoy world class facilities? Well, Paramount Symphony at Ghaziabad is a perfect place where you can fulfill all your dreams and get yourself the world’s most unique and innovative housing complex. It is situated at Crossings Republik, which is a universal city.

Paramount Symphony at Ghaziabad offers various floor plans to fit many budgets. The total area of the project is 360 acre which promises a global lifestyle with ostentatious facilities. It is a great escape with blossoming green setting in the line of prosperous foundation. Beyond ParamountSymphony Crossings Republik Ghaziabad, Paramount Group also brings a variety of other schemes in the most effervescent region like Noida and other areas. 

Paramount Symphony atGhaziabad is appealing and it offers pictorial living in a heaven of Ghaziabad that clasps energy. The design of the project is up to date, airy and spacious. Moreover, surroundings are a delight and also offer you an option of deluxe luxury homes with Wi-Fi connectivity, health club, swimming pool and spa.

What makes Paramount Symphony Ghaziabad so unusual and unique?

Paramount Symphony is a dream township which offers luxury homes with lot of comforts. If you have not taken a holistic view of Paramount Symphony at Ghaziabad then do it now as you are missing something really good.


Paramount Symphony Ghaziabad is a sophisticated and magnificent urban township consisting of apartments of various sizes. The various sized flats at Paramount Symphony at Ghaziabad are: 3 bedroom flat with study room super area sq. ft 1895, 3 bedroom flat of super area sq. ft. 1700, 2 bedroom flat of super area sq. ft- 1295 and 2 3 bedroom flat with study room super area sq. ft 1425. Suiting your needs, you can select any one and avail its benefits!

You just have to view the project and select the flat of your choice; there is no need to be concerned about the pricing. This is a very good deal as you will get to enjoy various world class amenities at reasonable prices. Moreover, you can pay all money in the form of EMIs. This is a pretty easy option to avail. Get benefited now!

For more details on Paramount Symphony Floor Plan, you can check Paramount Symphony Ghaziabad website. The form is also available online and it can be easily downloaded from the website. You will also come to know about apartment sizes once you have looked at the project floor plan. Get going and book them now!

Paramount Symphony a Boon for Ghaziabad

Ghaziabad an old and appealing city in the Uttar Pradesh, an important piece of Delhi/ NCR is a state of India. Famous for years as an industrialized city, Ghaziabad is seriously crowded in the midst of factories. Nevertheless, this flourishing city is now achieving reputation as a reasonably priced place to reside. The flats and apartment that are accessible already and those that are being constructing of the best construction on the market, with grand facilities and a mixture of floor plans to fit various budgets. Ghaziabad destination presents great hotels, shopping malls, parks and schools and its virtual proximity to Delhi is a further bonus for those that job in the city yet don't desire to reside in Ghaziabad.

Now we make emphasis on Paramount Symphony fetches by Paramount Group. As the title of the project Paramount Symphony informs that in really, a symphony of all the leisure, services and luxuries, merged with current life. For the energetic life of at present, what is required in a peaceful and satisfying living for your happy evening? Paramount Symphony proposes you that peace, that refreshing experience, which packs you with pleasure and harmony, extensive optimistic power in the surroundings, and formulating your life more cheerful and rewarding.

Apartments of Paramount Symphony in Ghaziabad is a collection of 2 and 3 bedrooms and are in compression with the several of the most famous erection companies in India like Omaxe, DLF, the Supertech Group and many more. Paramount Group presents fine living at an extremely reasonably priced apartment. The accommodations of the project are modern and well-ventilated; the atmosphere is a delight and also presents you an alternative of finest luxury and luxury-economy homes with Wi-Fi connectivity, Health Club, Swimming Pool and Spa.

The total spreading area of the project is 360 acre which promises a global lifestyle of world applause with lush green ambiance in the line of flourishing grounds. Beyond the Paramount Symphony, Paramount Group also bring various other projects in the most vibrant region like Noida and lot of others. The few remarkable projects by Paramount Group are twinkling as-

1- Paramount Golf Foreste Projects
2- Paramount Emotions Noida
3- Granite Countertops-a Blend Of Luxury And Beauty
4- Miami Condos - A Blend Of Luxury And Elegance

But no one project is as appealing as Paramount Symphony. Thus, picturesque living in a heaven of Ghaziabad that grips energy, well-organized erection, on the foundations that have been scenery based impression, where all the consoles and needs of a current urban life are present within the border of the Ghaziabad-Noida is no other except Paramount Symphony.

Apartments in Crossing Republic Ghaziabad

You must have imagine about a dream home while sleeping . But if you really want to feel the pleasure of such home then visit Crossing Republic. India’s first global city which has apartments with ultra modern facility. It is located on NH-24 , Ghaziabad near Hindu river. The area near by it is known as Indirapuram. Crossing infrastructure Pvt. Ltd. Is the company which is taking care of this prestigious project. This firm has joint venture with seven top builders of Delhi and ncr. Which are mentioned as below:

•    Anjara Farms & Services Ltd.
•    Assotech Limited
•    Gaursons India Ltd.
•    Mahagun Developers Ltd.
•    Panchsheel Promoters Ltd.
•    Parmount Residency Ltd.
•    Supertech Limited.

Crossing Republic is the design of the world’s finest architecture firm Sasaki Associates Inc. with landmark all across the world in the country like US, UK, Middle East, South East Asia etc.  Hafees contractors, a well known name in the real estate market provide the archetacture and consulting services. As far as apartments are concerned, there are 2BHK and 3BHK available.  2 BHK apartment cost you around Rs. 28 lakh and 3 BHK flat cost you around Rs. 35 lakh.  Every flat is made keeping in mind of Vaastu Shastra.  Township is endowned with shopping malls, retail outlets, office space, hospitals, banks, school etc. International landscaping with water stretching water bodies, 24 hrs high tech security with electronic surveylance and high speed surveylance, 100% power back with 24 water supply etc.

Paramount Symphony Crossing Republic is offering all the modern facilities like swimming pool, gym, spa, health club, play ground, golf course centre, conference room, business lounge etc. Crossing Republic also offering apartments like two-bed room apartment, three-bed room apartment, duplex apartment and service quarter etc.  Crossing Republic is expected to be completed in 30 months. A football stadium with a seating capacity of 20,000 people is in the planning charts.
Crossing Infrastructure Pvt. Ltd provides home loan for apartments. If you want a luxuries lifestyle with modern facilities at reasonable prices then you must look for Crossing Republic. You can enjoy a pleasant life experience in the vicinity of lush green environment.

You can complete your business meeting in the business lounge even when  you are at home. Beautiful garden with flowers spread fragrance all over. In the evening, you can enjoy peaceful living experience with your family members. Crossing republic has become an important landmark in the Noida because of its luxury residential lifestyle.

Paramount Floraville: A life of luxury and comfort in one of the world’s most beautiful locations

A home for all. That’s what we need for a calm, peaceful living. Well Paramount Floraville understands this, and has the right apartments and flats to suit your needs. The apartments and flats are constructed in a unique manner, and are perfect for comfortable and peaceful living.

With all the basic amenities of modern living, these apartments are the best for spending life with your near ones. Being located in the lap of nature, these apartments promise peaceful living with all the required facilities for an urban lifestyle. Equipped with amenities like swimming pool, spa and health clubs, the apartments and flats in the Paramount Flora Ville promise a luxurious living.

As the name suggests, the project is a beautiful blend of awesome locations and comfortable living. The apartments have all the facilities required for peaceful living, and boast of luxuries. There are gardens in the premises, which add to the beauty of the place. Since the project is located on the crossing of three cities- NOIDA, Ghaziabad and Greater NOIDA, the place has benefits of three cities at the same time. Apart from these, there are lush green surroundings around the project areas. There are other benefits also which are associated with the project. These apartments are located on highway, so these are well connected to the city through road.

Paramount Floraville apartments are an epitome of luxury and comforts. These have wi fi connectivity, along with other basic facilities required for urban living. This will keep the residents connected with the whole world while being sitting at home. This is an asset to the business as well. Apart from these, the other benefits from Paramount Flora Ville are the apartments themselves. Airy and spacious, these apartments promise calm and peaceful living for its residents. With green surroundings, the flats offer a healthy lifestyle, preventing form the pollution and smoke of the city. This helps in keeping you and your family fit and healthy.

Paramount Symphony – Live with comfort and Luxury

When the town is talking about Paramount Symphony residential apartments, it is safe to assume that the prices are going to be reasonable. The Paramount group prides itself on constructing world standard housing for its customers.  While they offer modern apartments, high tech townships and state of the art facilities, they don’t charge exuberantly like other luxury apartment builders do. 

When a person thinks about buying a home for himself/herself, the first thing that comes to mind is affordability.  Paramount Symphony offers flexible rates to its potential customers that are sure to grab attention.  To cater to the needs of people belonging to different economic strata of the society, they offer different payment options like partial down payment, flexi payments, monthly instalments, so that money is not a constraint for anyone on his way to owning his dream home.

The most important and attractive aspect about Paramount-constructed apartments is that the group is very dedicated in their approach towards maintaining quality standards.  Whether it is the employed staff, materials used or the landscaping; everything is ensured to be top notch and at par with global standards.  Engineers and architects from Singapore are recruited by the firm to ensure that all development activities meet quality criteria not just in India but also the world. 

The best samples of what is being said are existing Paramount projects like Paramount Arcade in Kaushambi and Paramount Apartments in Ghaziabad.  They are the best models of affordable housing with unmatched comfort and style in the contemporary world.  If you are interested in buying a flat at Paramount Symphony but wish to see the finished product first hand before making a decision, visiting either of these sites is good enough to put all your doubts regarding workmanship, design or facilities to rest.

Paramount Symphony is a brand new offering from one of the most reputed names in housing development companies.  The name Paramount has always been associated with high standards, excellent quality control and unmatched pricing, so that anyone who is a customer or is thinking of becoming one, can rest assured that he made the right choice.  When you deal with the Paramount group, you will always get the best your money can buy.

Get your dream home in Paramount Floraville

Every person wants a spacious, calm, quiet home for himself. There is a dream of a home, sweet home in everybody’s eyes. This is dream is fulfilled by Paramount Floraville, who has some of the best apartments and flats in the city. Equipped with all the facilities and amenities that you can think of, these apartments are a gem to possess. Investment in house is a long term investment, and one has to be very careful in selecting a house.

There are many things which have to be kept in mind while selecting a house. Paramount Floraville understands these, and has brought the best living places for people.There are multitudes of apartments offered under the project. Apartments like luxurious apartments, economy apartments are the most popular ones. Apart from these apartments, there are also many other types of apartments. Paramount Floraville offers two bedroom, three bedroom, as well as larger apartments.

For specific needs, special apartments are also constructed. There are apartments like duplex flats for those who wish to have a larger number of rooms while saving on space. These flats have two floors in the same building. Apart from these, there are studio apartments also, which  suit the singles. These are small in size, and do not have much partitions.

Paramount Floraville understands the residential needs of people, and constructs the apartments accordingly. All the apartments are built in unique way to offer the best of the services at the lowest costs. The location of the apartments is another advantage which Paramount Floraville offers. The apartments are located in the lap of nature, with cool, quiet breeze blowing outside.

There are all the facilities required for a comfortable living. The amenities and facilities are of international level, and give all the comforts needed at the end of the day. There a lot of facilities which are offered by Paramount Floraville. There are gardens, swimming pool, spa, health clubs and various other luxuries needed in urban living. The area is surrounded by lush green trees, which keep the atmosphere cool and peaceful. Since today’s life has become very stressful, there is a need of a home which has all the comforts and luxuries, as well as has the calm and quiet of nature. This need is understood by Paramount Flora Ville, which has brought then bets apartments to live in.

Paramount Floraville: Experience peaceful life in the valley of flowers

There is a need of a sweet home for everybody. A home in the vicinity of nature, with close proximity to the city also, so that all the needs of household can be met. All this is found in Paramount Floraville. This is a new project started by the Paramount Group to cater to the needs of people who wish to have a spacious and comfortable home in the calm and quiet of nature.

Paramount Floraville, as the name suggests, is situated in the flowery premises. Here, we offer apartments and flats in various categories, like luxurious apartments, garden apartments, two bedroom apartments, three bedroom apartments etc. Paramount Floraville also offers beautiful garden apartments for pleasant living experience. These apartments and flats are uniquely built to provide all the amenities and services of urban life.

Besides, Paramount Floraville also has various apartments which are in economy range. These have similar facilities, and are well within the reach of common man. The facilities that are offered in Paramount Floraville are of international level, and make your life comfortable.

Paramount Floraville apartments are architectured keeping in mind the basic amenities and facilities required for a peaceful living, with calm and peace in the life. The area is surrounded by lush green trees, and has beauty scattered all over the place. Apart from regular apartments, Paramount Floraville also offers other types of popular apartments. Some of the apartments offered by the group are duplex apartments, studio apartments etc.

These are constructed specially keeping in mind the specific requirements of the people. Apartments are duplex apartments save the space while giving the benefits of a larger number of rooms. Studio apartments are the best for singles, and those who have to rent or buy the apartments for only a short time period.

Paramount Floraville apartments are the best you can get in the city. Apart from natural surroundings, these apartments promise a peaceful life with all the urban amenities. There are also corporate apartments for specific needs of people. Apartments in Paramount Floraville are constructed in a manner to provide comfortable and luxurious living. These have all the world class facilities with proper security arrangements.

Paramount Floraville boasts of excellent quality apartments with the best security offered to its residents. There are various kinds of other facilities also which are provided in these apartments. Facilities like swimming pool, spa, health club, gym etc have now become a part of basic facilities at Paramount Apartments. These apartments are, thus built taking care of every need of people for a peaceful, calm and fulfilling living.

Paramount Symphony: A place you want to be

Paramount Group of Companies presents its new project Paramount Symphony at a strategic location of the Crossings Republik, India's first global city. It is situated at the junction of Ghaziabad-NOIDA-Greater NOIDA on NH-24.

It has luxury and economic- luxury apartments to suit your various needs of luxurious and peaceful indulgence. These apartments are constructed keeping in mind the needs of urban living with all the luxuries and amenities at hand. Paramount Symphony gives Wi-Fi connectivity in its apartments to keep the residents connected to the whole world.

The apartments also have business lounge to keep you in touch with your business works while being at home. The project has very good locational advantages as well. As it is situated at the junction of three cities, it gives you the advantages of three places at the same time. The lush green surroundings of the place make the living calmer, quieter and peaceful.  As the name itself indicates, Paramount Symphony is a melodious symphony of spacious, luxurious apartments with green surroundings, located in India’s first Global City.

The apartments in Paramount Symphony have various amenities to pamper you. It has swimming pools, spa, health clubs and other luxuries to get you indulged in comfortable living. The gardens in the premise add to the beauty of the place, with beautiful flowers, spreading their fragrance. The shady trees, the bloomy gardens and the waving flowers make the living even more pleasant. Paramount Symphony gives you the living place which is cool, calm, quiet and peaceful.

The apartments are airy and spacious, with ample space to let your creativity get wings. The luxury and luxury- economic apartments at Paramount Symphony are a dream come true for anybody who wishes to have peaceful and fulfilling living. It has other attractive add ons, like perfect security, comfortable living, and leisure time to spend with your close ones. These brand new apartments are built as per the international standards of living.

They have all the amenities and luxuries you can think of. The fresh air and the cool surroundings make the living even more peaceful and joyous. The security at the apartments are of high level, and are reliable than everything else. The luxuries, the facilities and the comforts are unmatched. Paramount Symphony promises you the lifestyle you have always dreamt of. These are the apartments that make you feel pampered and comfortable.

Being located at National Highway, the apartments have locational benefits a well. This location gives you connectivity to the city, while keeping you away from the busy environs of the city life. You can enjoy the goods of both worlds here. The vast lands are a playground for your heart to play and your creativity to bloom. Paramount Symphony gives you a chance to enjoy your life, in a manner you want to.  

Paramounnt Symphony Review by Vikas

Hi are you as lucky as I. then why are you not invests in Paramount Symphony’s apartments? I definitely sure that when I booked an apartments in Ghaziabad through Paramount Group till then I am became worriless about my future, because in this fast growing time and developing region, there is no space for comfort living. But Paramount Group donates me a promises apartment in form of Paramount Symphony.

I have heard many more about this project but after booking I find it same. Project is located on the best location which is one of the new developing destinations. Even the project is a tiny and impressive one and this vicinity is simply accessible and nearly the main road. I m also pleased with the apartment’s facility offered by developer as Wi-Fi connectivity, Health Club, Spa and many more. The builder did all according his commitments. O I should thankful to Paramount Group

The Burgeoning Indian Property Market

The world of Indian properties is booming like never before. It is the right time to invest in properties in India. The India property sector has seen an unprecedented growth in last few years and is very evenly poised to create a revolution all across the country. The real estate prices are skyrocketing in the major cities of the country. All around development is very much visible in the form of skyscrapers, shopping malls, office complexes, and residential apartments mushrooming in the big cities. There is a huge land areas allocated for residential as well as commercial activities all over the country.

The huge demand for properties has ignited a stiff competition amongst the various developers in the market. All this has benefited the customers as they get better properties at competitive prices. Many portals have been developed on real estate which provides the complete information regarding the properties available, their advantages and the future projects. These portals not only help you in searching the property but also educate about mortgage loan options, key features of the various projects, price comparison with other projects etc. to help the investors to take better decisions.

The growth has been seen in all sectors including residential, commercial, and industrial projects. Since there is good return available in the current market there are lots of properties for sale India. A lot of investors and businessmen are willing to buy property India and reap huge profits in a short span of time.

With the boom in real estate industry there is a rise in business activities for everyone related to this sector like real estate consulting firms, banks and finance companies in India providing the required housing loan, property valuers, architects and construction companies.

The prices of Indian properties are skyrocketing in the most of the cities in the country. People are willing to buy properties even at high rates provided they get the desired quality. Thus the purchasing power present in the market has further motivated the developers. The most of the development has happened in the big cities like Delhi, Mumbai, Bangalore and Hyderabad. There has been rapid development in these cities with more and more industries lead by software and IT-enabled companies getting established there. Huge shopping malls, multiplexes and multi-storey office complexes are common site here. These malls and complexes are of world class quality and can be compared to those in the west.

After the development in big cities now it is the turn of the small cities to experience the boom in the Indian properties market. All this would lead to stabilization of the market and will benefit the investors in the long run.

Article Source: http://ezinearticles.com/?The-Burgeoning-Indian-Property-Market&id=439796

Paramount Symphony Ghaziabad - a striking mixture of opulence, calm and tranquility

Paramount Symphony is a vital projects esteemed in Ghaziabad fetches by Paramount Group. Paramount stands for supreme and Symphony stands for work of art so Paramount Symphony is the twinkling meaning of Supreme Work of Art.

Paramount Symphony in Ghaziabad as a cave of opulence, calm and tranquility, is a latest plan in India’s first universal city placed the Crossings Republik. The project is positioned at the junction of Ghaziabad-Noida-Greater Noida on NH-24. It has all the amenities that are essential for a satisfying and relaxing living. As the title proposes, it has a symphony of all the services of contemporary standard of living, sweetly included among drudgery and well-ventilated residences.

With beautiful flourishes, the project presents an ample option of top luxury and opulence- profitable homes. The project Paramount Symphony has all the facilities necessary for calm and pleasing urban breathing. Its boasts of different pleasures like Spa, Health Club and a Swimming Pool, among fundamentals as Wi- Fi Connectivity.

The residences in Paramount Symphony are deluxe and spacious. The locality offers it an extra advantage, by way of flourishing green atmosphere, flowering gardens and sheltered plants. The township is scattered around 360 acre, presenting worldwide way of life. Everything, from essential urban facilities, deluxe amenities, safety and up to date lifestyle are taken care of. Paramount Symphony proposes global standard of living, with the calm of the rural area. Enclosed by vegetation and gardens, these Paramount Symphony homes are the top to reside with your family and nearest and dearest.

In Ghaziabad, These are the region, which are in your visions. These are the residences which propose you for calm of mind, when you come again dwelling in the sunset. Deluxe and relaxing existing presents you the greatly required calm in your life, relieving you of all the stress and tensions of the exterior earth.

Urban lifestyle in form of Paramount Symphony swears you all the consoles and luxuries, even as tranquillity of the rural area is proposed by the place of the residences. These are an attractive mixture of recent living amid natural environs. As the title of the scheme, Paramount Symphony proposes it is definitely a symphony of all the relaxation, facilities and comforts, combined with current lifestyle.

For the dynamic life of today, what is essential in a peaceable and pleasing living when you arrive at residence at the evening? Paramount Symphony proffers you that reconciliation, that revitalizing skill, which fills you amid delight and harmony, scattering helpful force in the environment, and making your life more cheerful and rewarding.

Reasonably priced housing devoid of any compromises is Paramount Symphony

Everybody dreams of their own home but budget is the principal consideration. Paramount Symphony is presenting Budget homes to fit all types of pocket.

Paramount Symphony is really in Crossings Republik at the junction of Ghaziabad-Noida-Greater Noida on NH-24. The terra firma in this extend will be enlarged as housing and commercial center. The most important magnetism of Ghaziabad-Noida-Greater Noida projects of Paramount Symphony is the reasonable price title which would promote countless working professional in Ghaziabad to make this as their selected location to purchase a residence.

Paramount Symphony Project is fairly near to the junction of Ghaziabad-Noida on NH-24 and are linked with Noida and greater Noida link road. There is also a planned 60 meter road linking Noida Ext that is well improving the connectivity of this region. Home Buyers can buy apartments starting from 25,51,500 to 37,88,400 in form of 2/3 BHK apartments.

SBI to Continue its Teaser Home Loan Scheme

For someone who has built a reputation of standing up to the regulator, State Bank of India chairman Om Prakash Bhatt is unlikely to let his image change as he prepares to step down in March after a five-year term as the head of the country’s largest lender. Despite the regulator going public with its concerns on the so-called teaser rate home loans, SBI is likely to continue with the scheme, where rates are fixed during the initial few years before turning flexible. “Every quarter we look at the data. It is data-based. If it’s good, then I would extend it,” said Bhatt, the longest serving chairman in recent years. “The NPAs on my loans are the lowest and I also have the collateral of the customer’s house.”

With nearly 80% of his home loans being under Rs 10 lakh, Bhatt said the real beneficiary was the aam aadmi. “About 2.92 lakh people have got loans. Where is the tease in the product? There is no risk and there is no opacity. There is no dilution of loan appraisal norms or documentation. Every Indian is eligible,” he said.

Though it was rivals such as HDFC which first raised concerns over these schemes, RBI recently asked banks continuing with the scheme to set aside more funds to deal with possible defaults in the future. Following this, SBI tweaked its offer and told RBI that it was no longer offering teaser rate schemes that required provisioning. Now, other players such as LIC Housing Finance are also using SBI’s stance to argue their case.

The difference in position over the fixed-cum-floating rate offer, which has been on for nearly two years now, is not the only issue on which the regulator and the public sector player have differed. RBI first raised concerns over SBI’s plans to float a private equity fund, which eventually put on the backburner.

Then came the tiff over provision coverage ratio that required banks to set aside funds to cover 70% of their gross bad debt. In this case, SBI managed to get certain flexibilities and an extended deadline though its profits may be hit. The latest set of differences arose over structuring of loans given to corporate houses and Bhatt said his position on the issue had been supported by the government too.

He, however, said there was no question of his relations with RBI being strained. “There are a few issues on which we differed with the regulator. But that’s in the nature of things. If you are the largest financial conglomerate in the country, often the regulator may do things that are not appropriate for us, or for the system. We give feedback on a regular basis and sometimes it gets into public domain. There are no interpersonal issues,” he said. Is it the size, accounting for three-quarters of the banking business in the country, that allows him to defy the regulator? “That’s a strong term. Tell me, had I been wrong, would the finance ministry or the regulator have not said anything. What power do I have? Who knows a simple pahadi like me? I can always be removed anytime,” said Bhatt.

Asked about his plans post-retirement, he said there were a few offers but he would only decide around April-May. But he seems to be retiring with a sense of satisfaction with what he has done. After all, he has brought much-needed aggression. “Focus, not aggression. Hopefully it should continue,” he said and listed creating a leadership pipeline, steps to improve technology and productivity in retail banking as areas that were work in progress.

Article Source: http://www.indianrealtynews.com/real-estate-india/sbi-to-continue-its-teaser-home-loan-scheme.html