If these times have proved anything it is the importance of owning a home. The stress involved in a rented place during these times is immense as a majority of the landlords expect the rent on time even when the whole economy is shut off and banks are keeping a hold on their EMIs. Let us look at the reasons why this is the best time to buy a Compact home (Smile Homes).

With the repo rates slashed by 0.75%, the home loan interests for Compact home (Smile Homes) are now at 7.4% which is the lowest rate of interest in two decades.

We have an amazing opportunity for all first time home buyers

If you are looking at a 30 Lakhs Compact home (Smile Homes), your booking amount would be 20% of the total cost (i.e. Rs.6 Lakhs) and your loan amount will be the balance Rs. 24 Lakhs. If you are availing of a loan for 20 years, your EMI will be Rs.19187 /-. (You can also opt 10% scheme). A first time home buyer is eligible for Pradhan Mantri Awas Yojana (PMAY) credit link Subsidy upto Rs. 2.67 Lakhs, the same amount will be credited by the central government within one year in your loan account. So your actual loan amount will be around 21 Lakhs and monthly EMI Rs.17179/-

Apart from the PMAY subsidy, you are also eligible for the special income tax benefit up to Rs.1.5 Lakhs. In addition to that, you will also be eligible for normal income tax benefits up to 3.5 Lakhs. So your total income tax benefits will be up to 5 Lakhs.

The Smile Home locations are based in strategic locations that have ample rental scope that earn you a monthly rental income of between Rs. 13000/- – Rs. 16000/-

Please rest assured that your investment in Smile homes is going to be worth it and would bring a big broad smile across your face. This scheme is also beneficial for those staying in a rental accommodation now. They can own a new address in the city of their choice with just a nominal investment in addition to the current rent they are paying now. Eg: if they are paying are rent of Rs.15000/- now, they need to spend only the addition of Rs.2000/- or Rs.2500/- from their pockets towards the EMI which is negligible when compared to the happiness of owning a new Compact home (Smile Homes). All the above-mentioned benefits are applicable for first time home buyers and all others will have to pay the normal interest rate.

‘Smile homes’ are our range of homes that are affordable yet packed with all the modern amenities and comforts one wishes for. What sets ‘Smile homes’ apart from other budget apartments is their locations. Usually, builders try to compensate their cost by compromising on locations, materials but we make a point to construct our ‘Smile homes’ in prime real estate spots so that the homeowner can have ease of life and also have a sturdy investment for the future. Starting at just Rs 30.5 Lakhs, the range of options available locations like Trivandrum, Kochi, Trichur Calicut & Kottayam - will be a perfect choice for a first home as the investments wouldn’t be a burden and will be an appreciating asset when the time for a bigger home comes.

20 reasons why it is worth investing in Smile Homes:

  • 1. Cost-effective product
  • 2. The best option for first time home buyers
  • 3. Compact product
  • 4. Zero wastage of area
  • 5. Homes with very good ventilation
  • 6. All essential amenities
  • 7. Branded CP, sanitary and other fixtures
  • 8. For first home buyers the actual interest rate after credit-linked subsidy will be Approx. 5 %
  • 9. The price tag of 30 lakhs - 37 lakhs excluding registration
  • 10. High Value for Money
  • 11. No Hidden Charges
  • 12. 10% down payment
  • 13. Affordable Pre-EMI and EMI
  • 14. Subsidy of 2.67 lakhs for first time home buyers under PMAY Scheme
  • 15. GST 1% only, which is included in the price
  • 16. Additional tax benefits of 1.5 lakhs for Smile Homes
  • 17. Investments with high appreciation
  • 18. Easy to rent out with good monthly income
  • 19. Locations with close proximity to all daily necessities
  • 20. 100 Mbps Hi-Tech Wifi connection - extra benefits for IT Professionals

All projects under the ‘Smile Homes’ initiative comprises of cute 2 BHK units with attached bath. While ensuring the lowest price and maintenance charges, these homes also feature all necessary lifestyle amenities to provide a wholesome lifestyle for the residents. Confident Group has associated with leading banks to provide attractive interest rates for home loans. So, if you are planning to buy your first home or make a new investment, look no further, book a Smile Home today to enjoy great returns in the future!

*terms and conditions apply

T A Joseph
MD & Founding Director - Confident Group


As the most trusted real estate brand in the nation, we at Confident Group strive to create a positive, smooth and transparent medium for potential home buyers with anything and everything related to home purchase. We provide informative and engaging articles which cover useful details across many verticals from the real estate sector. Our 2-decade long expertise in building infrastructure projects across Kerala and abroad backed by the trust of over 10,000 customers earned us the reputation of being the best as a real estate brand in Asia. We hope that our blogs will help in translating our experience for the prospective buyers who are looking for their dream home.

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