Author Archives: Priyanka

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 / 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.

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Real Estate Smart Residential Living

Know the differences between a studio apartment and a loft apartment

Nov 21,2017 / By / 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.

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Real Estate Real Estate News Rental

Top expensive localities in Bengaluru

Nov 17,2017 / By / 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

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Real Estate Real Estate News Smart Residential Living

Haryana government to auction part of Global City land, registration closes on December 13

Nov 15,2017 / By / No Comment

The Haryana state industrial and infrastructure development corporation (HSIIDC) has decided to auction 100 acres from Global City land pool.

According to HSIIDC officials, latest evaluations for the Global City project have thrown up a constraint of a little over 1,000 acres. Therefore, a portion of land measuring around 100 acres is vacant for other use. The auction will be done in parts, the Haryana government will put 20 acres adjacent to Dwarka Expressway on the block, in the first round to test the market and will then plan the following auctions accordingly.

Registrations of land for the first round of have been opened and the last date of registration is December 13, 2017. The details and procedure for the registration are available on the HSIIDC portal.

Originally, 1,383 acres were acquired for the Global City project which has faced multiple hurdles. The project is yet to be launched. The Manohar Lal Khattar government is keen on launching the project at the earliest.

According to Manoj Pal Singh, additional general manager, HSIIDC and head of the Global City project at HSIIDC, the land comes under mixed-use development and is also applicable for benefits under the transit-oriented development (TOD) policy.

Since it just adjoining the expressway, which is being developed as a national highway, the government hopes the auction will fetch it a good price.

According to sources at the corporation, the land value should be not less than Rs 100 crore going by the prevailing rate of Rs 5 crore per acre. If it is anything less than that, the corporation would not make any considerable margins. The auction will also bring some relief for the corporation, which has been facing financial problems lately.

Talking about the expected price Manoj Pal Singh said, “As of now, we don’t have any idea because different reports are projecting different prices. It is because of this reason that we have kept the reserve price open for the auction.”

According to sources, the HSIIDC has a huge debt of Rs 9,775 crore approximately on account of increased land compensation costs to allottees across main industrial projects. This amount is the sum of all loans taken by the corporation until May 2017 for 18 different industrial projects.

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Decor Life at home Smart Residential Living

9 Clever Ideas for better Outdoor Living

Nov 14,2017 / By / No Comment

These days outdoor living space are not just used during summer days and then tucked away for the other nine months of the year. The outdoor living has become an essential extension of the indoors and keep in mind that creating a relaxing, stylish outdoor living space can really upsurge the appeal and value of your home and provide a retreat for friends and family to enjoy the great outdoors in supreme comfort.

Put Up a gazebo
Describe your outdoor dining area with a gazebo. It will not only make your dining area comfortable for your guests, but the overhead covering will provide shade on sunny days. Hang a few lights from the gazebo for a finishing look that will allow you to prolong using the space after the dusk.

Give your gazebo an outstanding style by painting it bright white. Rather than organizing all the beams in one direction, arranging beams in a zigzag pattern adds interest overhead. Dark bamboo furniture with vivid fabrics provides plenty of contrast.

Create multilevel
A multi level outdoor space gives more options for creating separate areas for dining, entertain and relax.

Fireplace
A gigantic fireplace offers an eye-catching focal point. You can use a variety of seating options such as a dining table, stools, and chairs for cozying up next to the fireplace. This can be the perfect spot for entertain. Any outdoor living space benefits from lots of cozy seating.

Add a Privacy Wall
You can add a wooden wall in your outdoor which serves double duty — offering privacy and providing an attractive splashboard for the outdoor kitchen. Swanky plantings pick up the privacy where the wall leaves off.

Go Bold and vibrant
Choose some bold colors like cherry orange for your outdoor furniture. It is amazing what a can of spray paint can do for old, rusty furniture.

Install a Fountain
A well-designed fountain featuring one simple stream of water is the perfect focal point for a small, sunken outdoor space.

Hang a Tree Swing or a Hammock
A tree swing to sway, spin, and fly through the air. The tire swing is a classic, and hanging it from a tree brings the fun to your own backyard.

A hammock can also be hanged between two perfectly spaced trees. Do not be upset if you do not have trees, you can attach the hammock to a pergola. A hammock stand is another option

Gated Framework
If you want to separate your outdoor space from your entrance but you want to maintain openness, consider a gated framework. You can opt for a smaller, curved-top gate to create parting without obstructing the view. A mix of cool grays and bright whites give the space an elegant and stylish look.

Cover it Up
A solid roof will protect your outdoor space from rain and other elements, permitting the owners to have comfy fabric-covered sofas outside. You can brighten your outdoor space by swapping out throw pillows.

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