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US Mortgages for buying property in India?

Hello,
I own an apartment in India. Home loan from from Indian banks cost 10+ %. Do US lenders/financiers provide mortgage for Indian property? I am looking for interest rate similar to mortgages in USA 5-6 %.
I am in USA , waiting


No, they will not because they can not enforce US foreclosure laws in India if you decide to flake.

NMDC to develop Phosphate mine in Northern Australia with Australia's Minemakers

KOLKATA: State-run NMDC on Monday agreed to team up with Australia's Minemakers Ltd to develop a phosphate mine in Wonarah in northern Australia, that could eventually see a total investment of about A$1.5 billion (about 7,200 crore).

The decision of India's largest iron ore miner to sign a memorandum of understanding with Minemakers is part of its strategy to focus on food and energy security by acquiring phosphate and coal mines. Early this year, NMDC had signed an MoU with Nagarjuna Fertilisers for mining rock phosphate and potash.

"We will soon take up due diligence of the Wonarah phosphate deposit located in Australia's Northern Territory. While the property belongs to Minemakers, they have been looking for funding to develop it. We took it up since our strategy outlines food security as a focus area along with energy security," a senior NMDC official told ET.

As part of the MoU, NMDC and Minemakers, which is listed on

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There's no tax benefit on a pure plot loan
I want to buy a plot for Rs8 lakh. What percent of the property value will I get as loan? In that case, will there be any tax benefit if I do not start construction immediately? Normally, lenders do not finance more than 60 to 65% of the total cost of

NMDC to develop Phosphate mine in Northern Australia with Australia's Minemakers
Incidentally, the Minemakers deal fell into NMDC's lap during a recent visit by the company's top officials to Australia to secure an iron ore property. Last month, NMDC struck a deal with Australian miner Legacy Iron Ore to buy a 50% stake.

Don't get swayed away by freebies while buying real estate
But a mistake in the purchase can be a testing experience especially for those who dream for at least one home in life. So one must act smart and do proper homework before buying a property. Let's have a look at the areas in demand and current trends