Festivals offer special boosters to Real Estate sector in India

Nov 24,2017 / By Priyanka / No Comment

We Indians have the deep down significance of festivals in our hearts; in our country, it is considered as one of the fortunate time to start something new and good. By the term “good” the general tendency of any individual is to make some investments in solid sectors like gold, stocks, diamonds etc. Hence with all those money flowing in the market real estate sector is buzzed with activity.

There is certain emotional novelty attached to the festivals and therefore the best month considered in calendars is from October to March. Given that these festivals offer a lot of freebies and discounts on the home buying the excitement and sentiments are totally relatable. The current market rate escalates due to rebounding economy, and some relief from the interest rates. But the economy and business does not totally run on sentiments of festivals, lets us see the current situation where actually these offers attract the buyers.

To attract more and more buyers and increase the sale of their inventories, real estate companies start rolling out great offers, freebies, cash discounts, gold coins, lucky draws, and jackpots. Some developers also provide international holiday package, free car parking, and many more offers. As we all know the online real estate portals in today’s time is the most visited and trusted source of getting information and selecting a property.

A real estate portal gives you an entire picture of a deal from its best rates to best choice of developers, they also show the clear picture of the property which gives an authentication to deal. Hence developers prefer these online sale markets and take the online portal route for marketing their project. To lure and attract the buyers these portals and developer work in collaboration making highly innovative deals which easily gets popular among the home buyers and investors too. Some of them are like-

- Online festival sale- these sales are a virtual sale and are of mostly 3 to 4 days longs giving various schemes at lowest prices. Consumers are offered various payment plans, rent back opportunities, free interior services or plumbing services for 1 year, less interest rate.

- Customized payment plans – flexible payment schemes are available on the online portals which allow the customers to modify the schedules of payment.

- Financing schemes- in simple language it is a scheme of 20:80, 30:70, etc. these schemes are marketed in the name of ‘subvention scheme’ i.e. Constructed linked plans & Possession linked plans.

- Another most interesting offers that run on portal is the ‘buyback and assured return’, here the buyer totally depends on the funding hence under this scheme, buyers are asked to pay a certain amount within given period of time where they are assured of returns

- Price fluctuations- running scheme of any developer that lure the buyer is ‘get a 3BHK flat in 2BHK rates’

- A buyer always looks for the loyal developer and therefore any builder does not want its image to rundown. They take testimony existing customers or old one works a lot.

- Cashback offers, no pre-EMI scheme, furnished flats, club membership free, and car parking free.

Freebies and offers are incidental at the look, when you go out to buy a dream home for yourself buyers must do due diligence and research asses of the effectiveness of the offers and schemes flooded on the online portals.

Decor Life at home Tips

Tricky ideas on how to make a ceiling look higher

Nov 23,2017 / By Priyanka / No Comment

Ceilings play an important role in maintaining a sense of space and freedom. We all love to live in large rooms with plenty of space; however, everyone’s is not lucky enough and often they have to settle for low ceilings that make each room look smaller and tapered.

But this does not mean that we have no choice but to feel crushed in our own rooms. With the right ideas, you can make low ceilings look higher, creating a more open and appealing living space.

Lighting: It is advisable to refrain from lamps that hang from the ceiling, such as large pendulum lights or lush chandeliers, and rather focus on wall lights. From these, the light should spread all over the ceiling, which creates low ceilings appear higher.

Usually, it is suggested to opt for indirect lighting. One should go for installation spots, which offer a coherent mix of scattered and focused light and give the impression of a more spacious and airy room. In addition, refined floor lights can also help focus the attention away from those low ceilings. The right lighting has an enlarging effect on rooms with low ceilings.

Long, horizontal furniture: With the right choice of furniture, a room can seem higher. But it is a no-no to overstretch the room because every additional piece of furniture would toughen the feeling of restriction. A long, horizontal chesterfield or table can help to make the ceiling look taller, especially those low sitting furniture. Add a low, long coffee table and slim sideboards. All of this furniture will make a low ceiling look like it is a high ceiling.

Enhance the wall design: It is a clever option to make a low ceiling look higher is by painting that wall a perky color. One of the most preferred tips in the design world is this: vertical stripes stretch optically and conjure a slim silhouette. For rooms with low ceilings, means the vertical stripes focus the attention upwards and make the space seem taller. This design trick can also be applied through wallpaper. However, it is important to confirm that the wallpaper meets the ceiling and that no empty wall space left. Transform your room to meet your taste with our amazing wallpaper murals printed on premium quality, eco-friendly and sustainable papers. All types of paper we use are durable, non-toxic and easy to install & clean.

Hang Wall Art high: Hang artwork slightly higher than you normally would. For some reason, this trick helps to create the impression of higher ceilings. It tends to make the floor look further down therefore making the ceiling look higher up. Hanging small frames above windows and door openings also tricks the eye into thinking the room has higher ceilings.

Mirrors: Mirrors help to improve light to the room which makes the room appear larger. When a ceiling is mirrored in a mirror it looks higher than it is. Mirrors can be hung on the wall or leaned against the wall to create the look of taller ceilings. Go for larger mirrors over smaller ones.

Floor-to-ceiling curtains: Hang curtains as high as possible. Floor-to-ceiling curtains lengthen a room.

Buying property Real Estate Real Estate News Smart Residential Living

Why property buyers are looking for ready-to-move-in properties

Nov 22,2017 / By Priyanka / No Comment

Home buyers look for a safe and secure place which provides all types of amenities, facilities, and suitable environment. Ready-to-move properties create a new image and a symbol of the new beginning of life.

In the frantic life, everyone wants a place where one can rest and spend quality time. To provide such ease and coziness many of prominent real estate developers are providing ready-to-move-in apartments.

Nowadays, the home buyers are very smart and they invest in projects that are safe and productive. Before making the final call, they make detailed checks on the realty firms, they properly inspect the developer’s track record, past projects and opt for ready to move in flats.

It is found that a good number of home buyers are interested in buying ready-to-move-in property when compared to under construction property, as under construction property requires waiting time, which can take a couple of months and sometimes even years to get possession. There are many other reasons which can cause the delay of the project, due to which home buyers prefer ready to move property.

Advantages of buying ready-to-move-in property:
Instant possession: Buyers do not have to wait to occupy the property. All buyers have to do is make the payment, sign the required papers and move in.

Tax Benefits: Most home buyers avail of home loans to purchase a property. For a ready to move in property, the tax benefits are plenty from a home loan payment. A home buyer is allowed to claim a deduction from their income of up to Rs. 1.5 lac on the principal under Section 80C of the Income Tax Act and an additional deduction of up to Rs. 2 lac on the interest component of the home loan, under Section 24B.

Verify legal status: It is easy to check if the developer has obtained all the necessary papers such as Occupancy Certificate, Completion Certificate etc. Since the project s already completed. You should also get lawyer to cross-check the Land title to save yourself from any future difficulties

You buy what you see: Home buyers pay for what they see. The buyer gets a fair knowledge about the project, locality, and other facilities as there are people already living in the apartment society.
No service tax: You need not have to pay service tax if you buying or investing in a ready to move in property.

Instant relief from Rent: Denizens who are shelling out high rent or traveling very far for their work incline to buy the ready to move apartment because they want speedy relief from the high rent they are paying or travel cost and one can get it in ready to move properties.

Neighborhood: This is one biggest advantage of ready to move properties. You can see who your neighbors are, what community they belong to and if you would like to be with them or not.

Infrastructure: The decision of purchasing a home also depends on the infrastructure. You should consider whether the location is well connected and has necessary infrastructure such as roads, transport facilities and educational institutes etc. nearby.

Buying a property is always a big financial decision. So, discover your options and do your assessment well beforehand and make your buying decision only when you are financially stable and confident enough about it.

Real Estate Smart Residential Living

Know the differences between a studio apartment and a loft apartment

Nov 21,2017 / By Priyanka / No Comment

Studio apartments and loft apartments both share an absence of dividing walls and carry a strong demand among the young professionals. Selecting between a studio and a loft apartment can sometimes be complicated since there are some similarities between these two types of property.

Size
The most noticeable difference between a studio and a loft is size.

By definition, Studio apartments are small and compact with an average size of around 500 square feet. Studios are also known as bachelor apartments which are essentially one room apartments that merge living, bedroom and kitchen areas into a single open space. Studios lack the separating walls that traditionally divide a bedroom in order to maximize the efficiency of their limited size.

In contrast, loft apartments are extensively larger and have no real limits in terms of their square footage. From a single storey, 1,400 square foot apartment to a sprawling 3,400 square foot unit spanning several floors. Loft apartments are larger than studios but are also bigger than your normal apartment.

Another major difference between a studio and a loft are ceiling heights. In studios, you’ll typically find the standard eight or nine-foot ceilings, while loft ceilings are no less than ten feet and can often reach as high as seventeen feet.

Features and Finishes
The design feature that makes lofts stand apart is their industrial finishes, which can range from exposed brick and piping to wooden beams and factory windows. Loft apartment has tall lofty ceilings (hence their name),

While not true of all lofts, studios hardly ever contain such upscale or industrial-inspired designs and finishes.

Cost
When it comes to price, studio apartments are very much economical and affordable. Loft apartments are quite expensive in comparison, mainly genuine hard lofts.

Studios are also considerably less expensive when taking into account monthly utility bills due to their smaller size. On the other hand, loft apartments require far more electricity, heating, gas, etc.

You can also expect to shell out more on furnishing a loft than a studio, because of their far larger interiors. When it comes whether to buy or rent between the either of two, the price is often the largest influential factor.

Benefits
If you have a tight budget and are looking for a cherished abode with easy upkeep, a studio is a perfect option. If the currency is less of an object and open, flexible spaces with industrial features with unique character are what you are looking for, a loft could be an ideal option.

Real Estate Real Estate News Rental

Top expensive localities in Bengaluru

Nov 17,2017 / By Priyanka / No Comment

Bengaluru’s rapid expansion due to the IT boom has extended the city beyond its limits. The adjoining surroundings have changed into busy neighborhoods offering residential choices to many expats who have shifted to Bengaluru looking for better chances. Before listing the poshest localities of Bengaluru, you should first understand what all factors decide the value of a residential area:

Availability of land: Availability of large land parcels for the development of real estate decreases the valuation of property in areas compared to those where land is moderately rare.

Amenities: Areas that provide facilities such as community centers, proper electric connections, telephone lines, parks, and parking space have an edge in the real estate market. Moreover, developers providing luxury home are offering features such as five-star concierge, helipad, and golf courses and are reformulating the idea of luxury amenities.

Demand and supply: The price of real estate is inversely proportional to its supply. Hence, the more sought-after locality, the higher its property value in the real estate market.

Infrastructure: Infrastructure in the form of flyovers, roads, bus terminals, malls other nearby amenities helps in developing an area’s value. Meanwhile, social infrastructure that extends to health care facilities, educational institutions, entertainment hubs, and retail centers also add demand.

Location: Location is the golden standard of real estate assessment and is undoubtedly the most important factor determining the worth of any locality. Usually, real estate values are the highest at the city’s center and drop as we move to the fringes.

Presence of commercial real estate: The development of Special Economic Zones (SEZ) and offices in the proximity of residential areas help in decreasing traveling time and has a direct impact on the prices of properties in the area.

Based on the above factors, here’s a snapshot of the seven most expensive residential areas in Bengaluru:

Sadashivanagar: This locality is close to central Bengaluru and also reachable to the northern suburbs. Sadashivnagar is a very high profile locality and inarguably the priciest residential locality in Bengaluru. The locality is the chosen address of numerous industrialists, movie actors, and politicians.

With its tree-lined lanes and majestic mansions, the area commands amongst the highest real estate values in Bengaluru. Capital values: Rs 16,000/sq ft

Shanthala Nagar: Shanthala Nagar covers Lavelle Road, Vittal Mallya Road, and Kasturba Road and is a posh area located right in the heart of Bengaluru. Occupied with both old apartments and new commercial establishments. Shantahala Nagar is one of the most esteemed addresses.

Lavelle Road is packed with shopping centers and restaurants and is also home to the historical D’Souza Layout.

Vittal Mallya Road houses some well-known luxury brands and is also home to UB City, as well as many prominent hotels.

Kasturba Road is the address for landmark buildings such as the Venkatappa Art Gallery, Visvesvaraya Museum, Government Museum, and the Kanteerava Stadium. Capital values: Rs 16,000/sq ft

Malleswaram: It is one of the oldest localities in Bengaluru and is located in the north-west part of the city. Malleswaram effortlessly blends the old and the modern and is home to popular retail hubs like Margosa Road and Sampige Road.

The area enjoys good connectivity via BMTC buses and Yeshwanthpur railway stations and recently, Namma Metro. It is mostly occupied by independent homes, and the absence of availability of land parcels has further enriched the locality’s value. Capital values: Rs 12,400/sq ft

Richmond Town: Richmond Town is centrally-located area is a yet another old locality in Bengaluru. The locality is an integral part of Bangalore’s multi-cultural philosophy. Surrounded by schools, hospitals, and recreational centers.

Richmond Town also enjoys close proximity to noticeable retail districts such as MG Road, Brigade Road, and Richmond Road. Along with excellent Metro and road connectivity, the area also boasts of some of the most expensive residential projects in the city. Capital values: Rs 11,000/sq ft

1 2 3 4

Monthly Archives: Nov 2017

Festivals offer special boosters to Real Estate sector in India

Tricky ideas on how to make a ceiling look higher

Why property buyers are looking for ready-to-move-in properties

Know the differences between a studio apartment and a loft apartment

Top expensive localities in Bengaluru