5 Useful Home Loan Tips for Home Buyers

Buying a house is once in a lifetime decision that one takes, as the spiralling prices of the property and the high rate of interest rate regime in the market. It becomes very important to find and select the right home loan product in the market becomes much more significant to avoid any uncertainty in near future.

•Do Your Research:

It is very important for the customer to do their homework and their research work, as the agents generally are bias. There are certain banks that provide Home Loan at quite significant low amount but they pay less commission to agents thus they don’t encourage customers to take loan from such banks.

•Look into parking your additional Funds:

With few banks you get the opportunity to allow borrowers to invest their additional funds in the loan accounts. This makes a significant difference with reduce the interest rates from the principal amount for the time that amount was invested. Such features have been added recently making this more efficient.

•Know about Floating and Fixed Rate of Interest: 

Banks normally offer two types of interest rates, Fixed Interest Rates and Floating Interest Rates. Floating Interest Rates are offered majorly by government banks as these vary according to the market, while fixed rate of interest are mainly provided through private banks and are fixed for the tenure. Usually floating rate of interest is cheaper than fixed rates.

•Set your CIBIL Score right:

CIBIL Score plays a major role in helping you get attractive offers, it has been observed that people with CIBIL more than 750 points in 80% chances get their loan. So before applying for loan, it is advisable to know your CIBIL score.

•Pay max Down Payment:

It is always advisable to the borrower to pay as much as they can as it reduces the principle amount and thus you pay less interest on the principle. So before taking out the loan against the property it is advised to pay maximum down payment.

Gaur 14th Avenue a Home For Everyone.

Where luxury meets your pocket

I always used to think that luxury costs a lot but thankfully, Gaurs City 14th Avenue, changed my mind, they have now changed my perception, and now I can say they provide luxuries houses in affordable budget. This project of theirs offers all the modern and world class amenities and much more at a pocket friendly price, with Gursons you really get used to more.

Gaurs City 14th Avenue is a world class apartment in Noida Extension sector 16C, with 2 BHK and 3 BHK lavish apartments with area ranging from 760 Sq.ft to 1300 Sq.ft. The project is spread over 112 acres of land, with large and open spaces for kids to play and parks for your comfortable walks. 

Also to pamper you we offer a wide range of facilities like Reading Rooms, Cafes, Latest Gymnasium, Sauna Bath, Jacuzzi Bath, Billiards Table, Table Tennis, and Card Tables.  The entire complex is Wi-Fi enabled, and also helps you save nature as the project also has Rain water Harvesting. And forget any parking issues as there are open and covered reserved parking available on payment basis.

The property is ready for possession in world class facilities at an affordable budget. The Gaurs City 14th Avenue is very close to NH 24, the project is around 1.5km away from first Gol Chakker and approximately 7km from Noida City Centre Metro Station, 8kms from Fortis Hospital. The project is aspired to give you a truly residential paradise, with combination of townships, offices, shopping malls, schools, restaurants and ATM’s. 

With us we look into long term relationship and to make it last we help you save down the line as well. The structure is earthquake resistant as per IS Codes. With all of these features to help you further we have housing loan facility available from leading financial institutions. A 24 hour security system to protect you and keep your peace of mind. Only 25% of the area is covered rest 75% of the area is open spaces.  

Smart Designs and Affordable Prices The New Exciting Dimension Added to Real Estate

Housing Sales are estimated to rise this year to 1.92 lakh units in India’s top seven cities on expectations of a cut in Interest Rate and Stable Prices, according to property gurus in India. There was a fall in Housing Sales dropped to 1.75 Lakh units in the primary markets of seven major cities in 2014 as compared to 2 Lakh units in its previous financial year.

There had been a great mismatch in Demand and Supply chain and the prices of property have reached to its saturation point in few localities. This has been a major challenge for Developers in these areas as they have to keep the prices tight to meet their competitors as well. 

Seven major cities are Delhi-NCR, Mumbai, Chennai, Kolkata, Bangalore, Hyderabad and Pune would benefit the most as 2015 will see home buyers capitalising from the current scenario of reducing borrowing rates, increased developers focus on affordable homes, largely stable prices and better job or income prospects.   

Coming time can be seen as good time for real estate sector as the borrowing rates are sure to go down from the current levels and economic activity is gradually picking up. With a more consistency in property prices and better deals being offered by developers in order to clear their inventories, the home buyers that have been waiting for suitable time is here to encourage them to go ahead and buy.

Developers have now shifted their focus on affordable homes, this would act as bridge between the existing wide gap between the demand and supply mismatch of affordable homes. Developers have now become more earnest about the right size at right price that offers a customer better opportunity.

Smart, Better Designed and More Efficient Homes will define the residential real estate market in 2015 and with better product evaluation would help bring down some over-priced cities will help bring about faster sales for stagnated supply of larger configurations. There is a prediction of townships would be more popular while Luxury or High End products would moderate to align to slow demand.

New Policies and Direct Tax Proposals, benefits Real Estate Sector

Real Estate Sector has forward and backward linkages with over 250 different sectors, as well as it ranks 2nd in employee generation after agriculture. This sector also adds up to a significant number in our country’s GDP with 0.78x. 

With such data to back up the real estate sector the time is right to explore its complete potential as real estate sector correlation in other large economies like the ones of China, US, UK, Germany and Spain is at least 0.9x. 

One of the major factors that have been affecting real estate market has been the large demand and supply mismatch, and our government need to take several real time steps to make sure that this mismatch gets dissolved.

Major Policies Introduced

• Projected announcement of around six crore houses under the scheme launched by P M Modi, “Housing for All 2022”. With around four crore houses to come up in Rural Areas while two crore 

houses in Urban Area.

• One Lakh kilometres of road in FY 2015-16 has already been sanctioned and is expected to be build by FY 2015-16.

• With great policies like setting up of National Investment and Infrastructure Fund to be funded by INR 20,000 Crore annually.   

Major Direct Tax Proposals

• With the corporate tax rate to be reduced by 25% in a phased manner over a period of four years from FY 2016-17, with corresponding phase out of tax incentive/concession.

• Wealth Tax to be abolished by FY 2015-16.

• Tax provisions relating to Alternate Investment Fund rationalised to facilitate over sea investments in India.

Home Decor Tips

A complex with walls and furniture only becomes your home once it has a touch of your presence. Once you step into a house which holds you by the presence of its home décor is what makes the difference, the ones with well designed space even if it’s a rental or neighbour down the road makes you go awe. 

It is tough, takes time you need to put it bit by bit, piece by piece but its only you who have the power to bring something out of the design catalogue. Now one of the few designs that come straight to my mind is the New Bohemian style is for sure a colourful and playful. 

At the same time it is yet undeniably eye catchy, inviting and cool. The most resourceful tool to use for a more tasteful and variety in home décor is by going online, it is better to craft a design for the most exciting and strong home décor. 

One can browse through number of websites each week, that brings to you best selection of home furnishings, personal accessories and gadgets. You can find a wide range of products and varieties to choose, at quite attractive prices.

Great News for Homebuyers, cut on Interest Rate.

Reduced Rate Of Interest makes this Diwali a great occasion to invest in property.

Loans are now an integral part of our lifestyle and a major chunk of our salaries goes into them. From purchasing a Home to live in, to a Vehicle to drive and even Phones that we use most of us get them via loan. This blog would help you understand the current scenario in Loan Sector.

• With great news from RBI on the 5th of October 2015 by cutting down the rates, existing and potential home buyers are delighted as this means it would bring down the borrowing cost.

• This step taken by the RBI would be a considerable reduction in the EMI that one would pay, for a home loan of 60 lakh for 20 years there would be a cut down by almost Rs 1500, this has given customers huge relief.

• With the latest RBI measures to protect customers with home loans is a proposal to change the way banks determine their `base rate’, acting as a benchmark for all floating rate loans.

• This step taken has been taken by Reserve Bank of India, as customers had been complaining of a raw deal in pricing.

• Reserve Bank of India has been taking various measures in recent years to offer a better deal for home loan borrowers.

Buying Property Simplified Like Never Before!

With the new philosophy and initiative taken by the current Indian Government for development and growth is a real booster for real estate sector as well. P M Modi has already announced the launch of 100 smart cities this shows their seriousness towards their cause for development and growth.

The vision of developing 100 smart cities as satellite towns of larger cities by modernizing the existing mid-sized cities, with first  cities would be filtered by 2015, 40 more cities by 2016 and the last 40 by 2017. This is foreseen as a great strategic move in the rapid growth and development of Real Estate Sector.

From the past 2 to 3 years real estate market has been on a downfall with the price hike in the property sector, the demand and supply balance has been affected with number of projects on a rise and actual demand of such property is quite less.

Considering such factors the builders are now moving to a segment of affordable housing, to make sure that they can provide services to people looking for affordable houses or property. Now builders wish to work for the satisfaction of end users.

The most convenient method of filtering the property that suits your budget and requirement is through the internet, where one can search, filter and even compare different property to have a more narrow approach. Internet is a great medium of finding all that you need to know about buying a property from location, builder history, various projects, amenities and even bank tie –ups and approvals all available just a click away from you.

The entire world is on internet and everyone is going digital then why should real estate be behind, real estate sector has also adapted digital medium of marketing to bring products and services directly to the end users as well as to suite their comfort.

How some few simple tips and tricks helps you Home filled with better energies.

Vaastu Shastra:

Vaastu Shastra is a tool or set of guidelines that can be used very efficiently for flow of energies in your house. These are simple and helpful tips for arrangement of rooms and the placement of furniture to create a smooth pathway for energies to flow through your house. One can follow these tips to have a proper Vaastu Compliant Home.

The Entrance:

First impression is the last impression and when we talk about the first impression that one gets is through the entrance. I works like magic if you just play with it a bit, it can work like a mood setter and leaves a positive impact. Make sure that the design of your entrance should be simple and welcoming.

Plants:

Using Plants in and around your house is not just healthy but also decorates your house to give a pleasing feel. According to few studies it is said that they bring life force or Prana into the home and helps keep air clean. Plants act as natural filters thus purify and clean the air that we breathe. Plants should be strong and healthy, advisable to avoid using dry or sick plants.

Sunlight:

Early morning sunrays are great to source of energy for human body, spirit and mind. They uplifts and cheer one to start a great day ahead, design your interiors and home in a way  that you can get ample amount of sunrays flowing in your house, as they are also great source of energies.   

Art Effects and Paintings:

If you have a great and ambient entrance with decorative use plants added with great interior in which you can experiment with Art Effects or Paintings to add a balance between art and nature.

From an energetic standpoint, their influence will resonate throughout the home. For optimal results it is advisable to place a mural or paintings that support both you and your home by following vaastu rules.

Colour:

Every colour has a unique vibration all of its own, and this can significantly affect how you feel in a room or house. You can use the colours according to its characteristics.

Green Colour is very restful but combines with an energizing quality. Green brings balance and harmony, healing, and rejuvenation to a room, and can be used as a calming place for people who are troubled or in need of refreshment.

Red Colour is a powerful and stimulating colour. It will energize, inspire activity and movement. It can also be exhausting and overpowering, and stressful for those who are anxious.

Pink Colour is less demanding. Choosing a red bedroom would not be restful, although some red can be used to enhance sensuality.

Orange Colour will encourage happy, joyful, social gatherings. While an orange dining room or family room can stimulate the appetite, it is a great choice for such gathering places. Orange enhances parties. 

Yellow rooms inspire intellectual clarity, organization, clear headed articulate thinking, and happy energy. Yellow is considered a colour for the logical left side of the brain. Yellow is also very bright and somewhat energizing, so one needs to choose its placement with care.

Blue can be often chosen for bedrooms and meditation rooms because it’s cool energy is very calming, restful, peaceful, and spiritual. Blue helps inspire a quiet meditative quality, and colour therapy with blue has been found to reduce blood pressure. Blue is also useful to soothe one to sleep.

Purple is very comforting, protective, spiritual, and calming. It is a rich colour, which inspires faith, intuition and trust. Entire rooms painted purple could be overpowering, but a light violet could provide a very healing and calming atmosphere.

White rooms work anywhere combined with accent colours. White is very purifying, uplifting and cleansing, although too much white can reflect a sterile, isolating quality. White ceilings are recommended because they reflect light and brighten any room.

"Piramal Vaikunth", Blessed By Nature, Crafted By Piramal

"Homes that blossom in the arms of Mother Nature."


The Piramal Group one of the leading names with their consistent performance and deliverance of quality project has been able to create that trust bond with the customers. The principles of this organisation has always been that home that are built by us and crafted by our customers are not just for present generations but also for the coming generations. With our mission very clear of improvising and improving the quality of life and sophisticated standards that our customers can cherish and leave a legacy for their children’s to carry forward. To make sure that our customer can cherish a well defined and balanced life with nature surrounding you from all sides, The Primal Group brings to you “Piramal Vaikunth”.

The Piramal Vaikunth has been intelligently designed and comfortably located in the premium location of Thane, West Mumbai. This area has been a very good social as well as the physical infrastructure that has been well planned. The project is comfortably placed in centrally located and easily accessible from the rest of the parts of thane and Mumbai. With all the basic and important amenities in surrounding areas make life worth cherishing and enjoying with your family.

This piece of art has been crafted in the lap of Mother Nature, with enough greenery to give a complete natural feel to its ambience. The Piramal Vaikunth spreads across a wide area of 32 acres, with a total of 280 units available, these apartments have been classified as per the configuration of 2 BHK and 3 BHK. With enough space in both 2 BHK as well as 3 BHK residential apartments, sizes vary from 515 sq ft to 1000 sq ft respectively. The project is all set for its launch after which the bookings will be open from the side of the builder.

The people who purchase their property here will have their possession by the end of the year 2018. All of these lovely apartments are specified with the unique features and specifications such as beautiful and high quality tiles for the flooring, the modular kitchen equipped with all the modern appliances and amenities and much more.

Home Decor- Your Home Tells A Lot About You!

With the way nuclear families are increasing in numbers, it has been observed that most of the time one spends is in their living room or the sitting room (as known in other parts of the world). So when comes to such an integral part of your life it should be spacious, well designed, with well balanced colour combination and also has to have style. Your living room should be a reflection of you, your personality and your thoughts.

Style your room like you style yourself at the end it is a part of you, ranging from colour combination, to furniture and traditional interior designs. Most of the examples presented below are modern but I left at the end a few living rooms designed with a traditional decor and furniture. Another interesting and easy way to style and decorate your living room is the art of knowing how to play with curtains.

Even though you know what kind of curtains you want for your home, it’s necessary to ensure that those lovely drapes complement your space. One of the ways to ensure this is by using the right curtain props. From curtain rods & gliders to hooks and fittings, here’s a guide to help you make the best accessory purchase.

The trick to make sure that whenever you enter your living room, you should feels like entering into your own zone. Designing your home interior within a tight budget is one of the biggest challenges for most of us but that doesn’t means that there is no solution for this. All that you need to do is just relax and take a look at the way your living room looks and just work accordingly to make it your own zone.

Though this topic is quite comprehensive and cannot be expressed in mere words, I have tried my best to give some tips and ideas on how to proceed and transform your cute little home to an inspiration for others.

5 Easy Tips that you should check before going for a Home Loan

We understand that one of the biggest challenge for an average citizen is getting the funds in place. Home Loan becomes an integral part of this process, these tips helps will make the entire process more refined and methodological.

1. Start saving for the down payment:

The down payment that you have to pay depends from the bank/lender and the kind of loan that you choose, thus on these factors your down payment amount may vary from 2.25% to 20% of the complete purchase price of the property. Once you have finalized the project start saving for the down payment, one of the most convenient method is to open a saving account where you can easy put some money every month.

In case the down payment amount is quite high, another option is FHA Loan. These loans are unique as they are backed by the government and are available as either a fixed or adjustable rate mortgage.  

2. Paper Work required:

For your bank/lender to approve and process the loan amount they would require a number of financial documents. It is going to be convenient, easy and hassle free for you if you already have this paper work in place, this would also help in fast processing of the loan. Documents may differ from lender to lender and also on the kind of loan.

3. Be smart use Smart Home Loan Calculator:

Smart Home Loan Calculator is a great tool for helping one understands the entire financial section of the project. This is one stop shop where you can see the complete structure, that gives you complete information about the loan amount that you would be eligible for and also the rate of interest.

4. An Eye on Interest Rates:

Rate of Interest always plays a key role in analysing the total amount that you would be paying off to the bank for the number of years that you have decided on. Now as we know that how significant is Rate of Interest in Home Loan segment as well but they also do change on a daily bases. So it’s advisable to either check them on a daily bases or subscribe for notifications and one should also compare offers to have a better understanding.

5. Credit Scores:

So why would a bank invest in you and on what bases, while they are the lenders/bank they are there to earn and your credit rating/scores is the way of analysing whether or not you are a safe investment.

10 Things to check before the Monsoon hit your home!

Monsoon season brings pleasant weather but it can also bring a series of problem if your home is not ready to handle the hardness of weather.

Here is a 10 point checklist to make sure that you would not have to worry about the problems when the rain hits your home

1. Have you checked for leaks in roofs & walls?
   Check your roof and terrace floors to see if there is any leakage and fix it before the rain. Replace loose or missing tiles to prevent roof leaks.
   
   
2. Have you installed ventilators?
   Install ventilators in humid areas of the house to avoid dampness which cause harm to the health of inhabitants and the contents of the house.
   
   
3. Have you checked the electrical fittings?
   Check if the electrical switches are exposed to the rains. Cover them immediately to stop penetration of the rainwater and fix water seepage in electrical room/generator room to avoid electric shock.
   
   
4. Have you checked if there are termites?
   Termite infestation is a major problem where water leakage or high humidity exists. As the rain water creates moisture, check all damp places to find out termite invasion in the house.
   
   
5. Do you clean your rugs & carpets regularly?
   Vacuum carpets regularly as they get damp and create musty smell during rainy season. The rugs should be rolled up and wrapped in polythene sheet during rainy season to protect them from water and insect infestation. 
   
   
6. How do you protect your wooden cupboards?
   Place Neem leaves in cupboards since it protects clothes and furniture from silver fish and sprinkles a few cloves among clothes to keep insects at bay. 
   
   
7. Have you checked if your wooden floors are wet?
   Rainwater spoils the shape and quality of wood articles in the house. Check all wooden items and wood floors if they are properly waxed (polished) to protect them from moisture.
   
   
8. Have you cleaned the rain gutters?
   Ensure rain gutter are clean to protect foundations, basements and roof from water damage before the beginning of rainy season.
   
   
9. How often do you clean your house?
   Regular house cleaning can protect your home moisture content in the air. Air conditioners and dehumidifiers are good options to reduce humidity levels inside your home. 
   
   
10. Are you renovating your house now?
    It is better to do renovation work like painting walls. Waterproofing etc. before or after the monsoon. If you find any problem during rainy season, get professional help to fix it.

Lodha Codename Big Bang Pre Launch By Lodha Group in Mumbai

Lodha Group presents to you a brand new project by the name “Lodha Codename Big Bang”, by one of the biggest Real Estate developer of the country. This new creation is located at a very significant location in the Lodha City Centre of Palava sector 4, Phase 2 of Palava in Majiwada Thane Mumbai. This area has witnessed significant growth in previous years. The project is well connected to all major destinations in Mumbai. 

Lodha Codename Big Bang is very calm and serene with more of antique architectural designs in the complex. Well organized lanes and lights in the society. The complex is fully secured by the 24 X 7 organised securities. Thus It is completely safe and with all amenities, you shall tempt to live in your house in holidays also. The project is developed in 87 acres project area with G27 Floor Building structure. This new launch designed and crafted keeping in mind the international standards providing our customers with 1 BHK and 2 BHK Homes with Optima and Ultima model units in different sizes and that too in a gated community of the first largest smart city of India, Lodha Palava City.

Lodha Big Bang in thane is the extravagant project from Lodha Group of company. The project is strategically located on the Kolshet Road and Akbar Camp Road. The location of Kolshet is roaring competing Ghodbunder road of Thane. The project connects Pokhran Road at one end and Hiranandani Estate at the other. The Kolshet road connects Western Express Highway to the Eastern Express Highway and acts as the bypass road. 

The project has great commutation through TMT buses and auto rickshaw frequently connecting to railway station and Borivali. The project takes care of amenities for children, senior citizens and youth with their health care. The Lodha group has given a thought before purchasing the plot, to make all customers get good returns and a resale value for their investment. You can invest in this project to get your income started.