Wednesday, 12 December 2018

Why Purchasing a Flat in Sobha Lake Garden is a Sound Financial Decision

Investing in real estate is always a smart choice, especially when the purchase is made in the IT hub of India - Bangalore. It is one of the busiest cities of our country which thousands of people come to in search of work each year. Owing to a large number of companies which have set up offices in the city, there are opportunities always available for applicants.

Owing to this large influx of people to the city, the available space is greatly reducing and thus, there has never been a better time to invest in a property such as Sobha Lake Garden.



Some of the top reasons why investing in a piece of property in Bangalore is one of the best financial decisions is as follows -

Bangalore has always been known as the Silicon Valley of India. As a result, a large number of companies are available with jobs for the suitable candidate. It is because of this that many people throng this city with the hope of landing that dream job. This trend is bound to continue in the future and with time, the amount of open space available would only get reduced further which would hike the prices of real estate.

The culture of this city is very vibrant and enthusiastic which is another reason which attracts many people. Apart from professionals, scores of students are also drawn to this city in search of opportunities in education and jobs once they graduate. This means that if you purchase your property and do not use it, you can rent it out to such individuals who are always on the lookout for cheaper accommodation alternatives. This will not only help them but also provide you with another source of income.

In short, buying an apartment in Bangalore would not only give you assured returns but will also provide you with a security that will last a lifetime. Should you require finance options, then that too is available with a number of lenders including financial institutions. You can also check out the monthly installment that you need to pay using an home loan EMI Calculator.

Is a Budget Necessary When Buying Property in Lodha Palava in Mumbai


Planning your budget before going on a house hunt is highly essential as it helps decide beforehand how much of your savings you should be using to buy that dream house. How a dream house is defined varies from one person to the other. For some, it will be a big sea-facing villa, while for others it will be a small comfortable house that serves their needs away from the hustle and bustle of the city. Yet, among the varied choices, it is the finances which play the biggest role in determining which house one should buy.

If you also have a budget to stick to but do not want to compromise on the size of your real estate, then you should definitely take a look at Lodha Palava City.

It is very essential to stick to a budget because during the process of house hunting you may come across a house which has features such as Italian marble, terrace-balcony or other such luxurious features which may drive up the price significantly. You need to ask yourself the question that whether it is really essential to shell out that extra money? Whether those extra features are really essential.

Saving for buying that dream house is one of the first steps towards making collecting money for the down payment. For a salaried individual, it may require years of hard work and effort to gather money for buying a house. Property rates in Mumbai now are at an all-time high. This is what makes purchasing an apartment in Lodha Palava City ideal for those who want beautiful homes but are on a budget.



If you want finance options, then there are a number of lenders who offer low interest home loan. What makes it even more attractive is the fact that the loan amount can be repaid back in a tenor of the applicant’s choice so that the payment of monthly installment does not become a burden.

Thursday, 6 December 2018

Know The Best Projects In Real Estate In Chennai

Chennai offers a great infrastructure with the multi-cultural environment to home seekers. Apart from being a popular IT hub, it is home to some of biggest expatriate population in the country making it an attractive destination.

So, here are some interesting real estate projects for you to consider -

Amarprakash Temple Waves
These are apartments having 7 floors, which offer 1, 2- and 3 BHK flats having different plans. You can pick the plan and floor which best suits you and can book it. With a total of 2,300 units ready for you to move in the project has a built-in area of 18.50 acres with an open area of up to 70%. It offers 1 BHKs with an area up to 51.38 sq. meter, 2 BHKs of up to 56.3 sq. meter, and 3 BHKs with an area up to 83.71 sq. meter.
Casagrand Crescendo
It boasts of under construction properties with 4 Towers and 21 floors in each of them. These huge towers are built in a project area of 3.88 acres. The project offers luxurious 2 to 5 BHK apartments. It has a total of 513 units which are planned to be constructed. 2 BHKs have an area up to 57.41 sq. meter, 3 BHKs with an area up to 117.52 sq. meter, 4 BHKs with an area up to 203.74 sq. meter along with 5 BHKs having an area up to 311.78 sq. meter. The apartments can be easily customized as per your preferences before you move in.
Now you can get an easy Bajaj Housing Finance Home Loan from some of leading lenders to buy flats in Chennai. This is a secured form of a home loan which can be obtained at an affordable rate of interest and flexible tenure. To know more about them check them online or get in touch with their Relationship Manager.

Wednesday, 5 December 2018

5 Best Localities in Mumbai for Buying Residential Flats

Mumbai - once a combination of seven islands, is a thriving megacity now. In addition, Mumbai is also the financial capital of India. Probably, that’s the reason the city always seems to be bursting. The lifestyle is pretty chilled out and even the climate is very pleasant: not too cold nor too hot. If given an option, most people would like to own a home in the city. From an investment perspective or for residential purpose, a 2 BHK in Mumbai is one of the best things that can happen to you.

That said, buying a house is as difficult as buying a house in Mumbai, requiring the same amount of research and efforts. Accordingly, among all the essential prerequisites, knowing the right locality for residential purpose is foremost. Another thing which can make the process of buying a flat in Mumbai easier is to go for a home loan. There are various financial institutions who offer home loan of up to Rs. 3.5 crores which can be paid back in a tenor of up to 20 years. The interest rates and terms and conditions, however, vary from one lender to the other. It is thus ideal to check what each lender has to offer thoroughly before choosing a lender. Hence, below are the top 4 localities in Mumbai for residential purpose.

1). South Mumbai

Altamont Road, Malabar Hill, Nepeansea Road, and Cuffe Parade are some of the best and safest areas of South Mumbai. People planning a 2 BHK flat in Mumbai should always start with South Mumbai.


2). Bandra

Bandra is one of the best localities in Mumbai for working people. It is known as the 'Queen of the suburbs,' due to the several reasons; (1) it is a junction that connects different suburbs to Old Mumbai, and (2) Mannat - the personal bungalow of the Bollywood’s King Shahrukh Khan.  

3). Juhu

Lastly, Juhu has the highest number of filmstars residing there. The area is best for people who like diversity, the home buyers, as well as renters, have the option to choose between a 2 BHK flat and a bungalow.

Tuesday, 4 December 2018

A Lucrative Area For Property Investors of North Bangalore

With the ever-changing lifestyles and property prices, it is sometimes hard to decide which area could be the best fit for investment, especially in a vibrant city like Bangalore. The possibilities are endless for today’s home buyers. Additionally, you can opt for a considerable Housing Loan from major lenders such as NBFCs to fulfill your dream of purchasing a house in the region.

To help you with the dilemma I suggest you take a look at the rapidly growing region of North Bangalore.

Here’s why -

Kanakapura Road

In North Bangalore, this is one of the most sought-after places to invest in property. Its close proximity to developed areas f Jayanagar, JP Nagar adds to its appeal. It has a well-planned network of roadways with substantially lesser traffic density. The area boasts of popular institutes of learning such as the Delhi Public School, Narayana to name a few. Along with a variety of convenience stores complimenting the high-end residential projects coming up in the area like Godrej Eternity and many more.



Sarjapur Road

Another high-value locale of North Bangalore is the Sarjapur Road. Hailed a the next future IT, it has become the new-favorite among real estate developers. With several infrastructure projects in the pipeline such as its outer ring road proposal which is being planned to connect Tumkur Road to Hosur Road and cutting through Sarjapur Road, touching K.R Puram and Bellary Road, this is one place to look out for.

Electronic City

Considered one of the most important hubs of IT Bangalore the area has witnessed rapid growth in recent years. Spreading over a vast expanse of over 800 acres it has developed into a residential area from the commercial one it was. Divided into three phases the area offers prominent housing solutions to its residents.

Monday, 3 December 2018

3 Things You Should Check Before Buying a Property in Mumbai

Buying a home that’s worth your investment is not easy. But, given the wide number of options available in the market, if the right amount of efforts are put in, the task is not too difficult. The key to success is to plan a feasible strategy and persistently follow it. Having said that, keep your budget flexible because good things come at a higher price. That said, consider your repayment capacity while planning your flexible budget. Apart from changes in the RERA Act, another thing which can make the process of buying a flat in Mumbai is a Home Loan Finance. There are various financial institutions who offer home loan of up to Rs. 3.5 crores which can be paid back in a tenor of up to 20 years. The interest rates and terms and conditions, however, vary from one lender to the other. It is thus ideal to check what each lender has to offer thoroughly before choosing a lender.

Moving on, apart from a good locality, proximity to essential infrastructure such as school, hospital, and supermarket; below are certain things you must consider before a plan to buy a flat in Mumbai.



1. Always crosscheck the price of the property

First thing first, always crosscheck the property price quoted by the developer. Compare the pricing of 1 BHK flat/ 2 BHK flat quoted by your developer with that of the nearby projects and areas. The cost can inarguably vary depending on locality and amenities offered, but the difference shouldn’t be perceptible.

2. Check out the builder-buyer agreement

Once you pay the token amount for the 1BHK flat in Mumbai you’re buying, you’ll have to sign the tripartite agreement with the lending bank and the builder. You’ll also have to sign the builder-buyer agreement which would be highly in favor of the developer. So, it’s wise to give it a read before signing to be aware of the clauses beforehand.

3. When will you get the possession of your apartment

Lastly, before booking a flat in Mumbai, inquire the lender about the sure-shot delivery or possession date of the property. Delay in possession of the booked property is a very common problem and thus, you must always check the same with the developer.

Friday, 30 November 2018

Best Areas For Property Investment In Chennai

As per real estate experts Chennai has been attracting home buyers largely owing to its slew of infrastructure projects and the rapidly growing IT sector. According to a renowned survey by Mercer’s Quality of Living Survey notes Chennai as one of safest cities to live in also due to the fact that it is home to the 3rd largest expatriate population in the country. So before any delay you must apply for home loan in chennai so that you can make your dream house in Chennai

It’s some of the best or most coveted locals include-

1) Ambattur
The areas hold a large-scale industrial growth. Along is one of the prominent IT-ITeS and industrial hub of the city. It boasts of launching up to 3,000 units it witnesses a traction in the Rs. 40 to Rs. 50 lakh property segment.

2) OMR or Old Mahabalipuram Road
Known as the IT corridor the 45 km stretched road has recorded real estate activity in the Rs. 40 to Rs. 50 lakh price bracket. This has been mainly due to the presence of dedicated SEZs and IT business parks in the region. The region has been in the home buyer’s list with around 35,000 units been launched since the past 5 years.  

3) Pallikaranai
Lying very close to industrial and IT-ITeS clusters the merging of the micro-market provides a promising scope for infrastructure and residential development in the region. With around 3,300 units been launched, it houses property prices ranging between Rs. 4,500 to Rs. 4,900 square feet.

Further, you can consider getting a home loan from leading lenders such as NBFCs to buy property in Chennai of your choice. To know more log onto their website or get in touch with their Relationship Manager.


Thursday, 29 November 2018

RERA - the Impact on the Real Estate Sector

In the year 2016, the Indian government came up with the Real Estate (Regulation and Development) Act (RERA). Now, it wouldn’t be wrong to say the introduction of RERA has impacted and brought in some revolutionary changes in the Indian real estate, making it safer and more convenient for home buyers to buy a home in India.

However, before talking about the impact of RERA, let's talk about the major challenges faced by the customers.
  1. Delay in giving possession to the buyer by the property dealer.
  2. Increasing cases of malpractices such as demanding additional money, reduced carpet area compared to the promised size, changing the society plans without informing etc.
  3. Property is sold to buyers based on carpet area and not on the super built-up area.
  4. Developers diverting the buyer’s money to start a new project instead of focusing on the promised property.
  5. Shortcomings in the project.
Moving on, let’s talk about the impact of RERA or the major changes the introduction of RERA will induce.
  1. As per the regulations of RERA, "No developer or builder shall advertise, market, book, sell or offer for sale, or invite persons to purchase any plot, apartment or building, in any real estate project or part of it, in any planning area, without registering Real Estate Project (REP) with RERA.
  2. RERA also makes it mandatory for the builders to disclose the details about the project on the website set up by the authorities. 
  3. Also, RERA has issued an ordinance making it mandatory for the real-estate developers to deposit 70% of the amount realized for real estate project from allottees, in a separate account to be maintained in a scheduled bank to cover the cost of construction and land cost. In addition, the money so maintained should be used only for the afore shared reasons.
On a concluding note, the next time you buy a property in India, make sure it is RERA verified.

Bottom line: Even though the market situation is not in favor of the builders and property, you, as a customer, can leverage from this golden opportunity and own a property in Bangalore. Another thing which can make the process of buying a flat in Bangalore is a home loan. There are various financial institutions who offer home loan of up to Rs. 3.5 crores which can be paid back in a tenor of up to 20 years. The home loan interest rates terms and conditions, however, vary from one lender to the other. It is thus ideal to check what each lender has to offer thoroughly before choosing a lender.

Additional Read: The launch of RERA Act and How it Impacted the Real Estate Sector

How to Manage the Process of Relocating to Bangalore

Migrating from one place to another in search of better opportunities, better lifestyle etc. is a very common thing and people have been doing that from ages. Hence, you should never take your life and your current job for granted. You might come across some inescapable opportunities without even asking for it. It’s like you’re relaxing in your balcony on a fine Sunday morning and you receive a call from the HR of a very big company based in Bangalore. You’re not in the mood to talk but the HR makes you an offer you can’t reject. Thus, out of the blue, the next thing you would be doing is searching for convenient ways for relocating to Bangalore.

So, if something like that actually happens with you, the things you should do are:-

1. Decide whether to buy or to rent: The first big thing is to decide whether to rent a house or buy it. That would depend on how long do you plan to stay put in Bangalore. Buy a flat in Bangalore would be a better option, renting is more conducive in certain circumstances.

2. Find out the best areas for a residential purpose: The Second important task is to find out the best residential areas in Bangalore.

3. Check out the ready to occupy apartments in Bangalore: Moving on, find out the ready to occupy apartments in Bangalore given the shifting has to happen immediately.

4. Find out a home loan: Next, find out a good housing loan scheme to finance the purchase of the property and get the paperwork done. Once everything is done, find a good mover and shift to your new flat in Bangalore.

Bottom line: Given the fact you’ll be looking for flats in Bangalore, make sure the property is RERA verified.

Monday, 26 November 2018

Demonetization Effect on Bangalore: The Aftermath

The two biggest policies rolled out last year: GST and Demonetization have affected each Indian state equally. Kolkata’s real-estate is in shambles and so is the real-estate of Mumbai or Bangalore. It’s not that some cities were immune to Demonetization and some were not. The effect was widespread and even-handed.

So, irrespective of whether you have plans to buy a flat in Bangalore or not, 2018 is the best time for home buyers to invest in real estate property in Bangalore. The sales figures for 2016 plummeted down to a record low; causing a great downfall in the property prices. Also, a total of 13,134 units were sold in the third quarter of 2016. Whereas, the number came down to 7175 units in the fourth quarter which was approximately 45% less compared to the sales in the third quarter.


Speaking on the matter, Mr. Satish B N, Executive Director (South India), Knight Frank said, "After observing a peak in 2013, in the last two years, the city has come under considerable pressure. While launches were already on a decline, owing to factors such as the increasing unsold inventory in the city and BBMP's drive to confront the encroachment of lake beds, issues like the announcement of demonetization in Q4 2016 further led to curbing of new launches.”

Bottom line: Even though the market situation is not in favor of the builders and property, you, as a customer, can leverage from this golden opportunity and own a property in Bangalore by applying for home loan in Bangalore. Another thing which can make the process of buying a flat in Bangalore is a home loan. There are various financial institutions who offer home loan of up to Rs. 3.5 crores which can be paid back in a tenor of up to 20 years. The interest rates and terms and conditions, however, vary from one lender to the other. It is thus ideal to check what each lender has to offer thoroughly before choosing a lender.