Frequently Asked Questions
Question about 1squarefeet
1squarefeet is an online real estate platform that connects property owners, buyers, tenants, and investors directly. The platform allows users to buy, sell, or rent residential and commercial properties without paying brokerage fees, making property transactions more transparent and cost-effective.
Yes, property owners can list their properties on 1squarefeet completely free of cost. The platform allows unlimited property listings until the property is sold or rented, enabling owners to reach genuine buyers without paying listing or membership charges.
To list a property, simply create an account on the website and submit your property details such as location, property type, price, amenities, and images. Once the information is submitted, the property listing becomes visible to potential buyers and investors searching for properties.
Yes. One of the key advantages of 1squarefeet is that buyers and sellers can connect directly. This eliminates intermediaries and brokerage fees, allowing both parties to negotiate and finalize deals transparently.
Users can list a wide range of properties including residential apartments, independent houses, villas, plots, land parcels, commercial offices, shops, industrial properties, and investment opportunities across India.
Yes. The platform is designed not only for individual buyers and sellers but also for property investors looking for resale opportunities, investment properties, and emerging real estate projects across various cities.
While the platform encourages accurate information and responsible listings, buyers are advised to conduct proper due diligence such as checking ownership documents, title clarity, and applicable regulatory approvals before completing any transaction.
Buyers can search for properties based on city, locality, property type, price range, and other preferences. This helps users quickly find suitable properties that match their requirements and budget.
No. The platform is built on a zero-brokerage model. Buyers and sellers can connect directly, which helps reduce transaction costs and makes property deals more economical.
Yes. Builders and developers can showcase their residential or commercial projects on the platform to reach potential buyers and investors. This helps developers promote their projects to a wider audience.
Property listings on the platform are visible to thousands of potential buyers searching online. Sellers can upload property photos, detailed descriptions, and pricing information to attract serious buyers and investors.
Property portals help connect buyers and sellers, but final transactions should always be completed after proper verification of property documents, title, approvals, and legal compliance. Buyers should consult legal and financial advisors before making a final purchase decision.
Questions About – Housing Loan
A housing loan, also known as a home loan, is a loan provided by banks or financial institutions to help individuals purchase, construct, or renovate residential property. The borrower repays the loan amount along with interest over a fixed tenure through monthly installments known as EMIs (Equated Monthly Installments).
Individuals with a stable source of income such as salaried employees, self-employed professionals, and business owners are generally eligible to apply for a housing loan. Lenders evaluate factors such as income level, credit score, employment stability, repayment capacity, and age before approving the loan.
The loan amount depends on the borrower’s income, credit profile, and property value. Generally, banks finance around 75% to 90% of the property value, while the remaining amount must be paid by the buyer as a down payment.
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Common documents required include identity proof, address proof, income proof, bank statements, income tax returns (for self-employed applicants), salary slips (for salaried applicants), and property-related documents such as sale agreement and title documents.
Interest rates on housing loans vary depending on the lender, borrower profile, and market conditions. They may be fixed or floating. Floating interest rates change with market conditions, while fixed rates remain constant for a specified period.
A down payment is the portion of the property price that the buyer pays from their own funds. Since banks usually finance only a percentage of the property value, the remaining amount must be paid by the buyer upfront.
Yes, most banks allow borrowers to prepay or foreclose their housing loan before the end of the tenure. Some lenders may charge prepayment penalties depending on the loan terms.
EMI (Equated Monthly Installment) is the fixed monthly payment made by the borrower to repay the loan. It consists of both principal repayment and interest on the outstanding loan amount.
Yes, housing loans offer tax benefits under the Income Tax Act. Borrowers can claim deductions on both principal repayment and interest paid on the loan, subject to applicable limits and conditions.