Oberoi Sky City Launches A Residential Complex Made In Heaven.

When you plan to buy your own home you just don’t plan for next 10 years but you visualise your entire life there with your loved ones. Keeping this simple thought in mind there are developers who have shifted their focus to make homes for end users in which they can cherish their dreams and tailor their homes as per your necessities.  

A desirable home is one where you get a quality life that is time proof as well as it gives you an option to customize your paradise. Once the customer or the end user starts searching for the ideal home for themselves, they come across encounters which are not that encouraging to make your dream turn into reality.

If you are looking to purchase a house which gives you all the world Class Amenities, Sophisticated Facilities, Marble flooring for living room, Dining Room, Kitchen and All Bedrooms, Vitrified Tiles for Bathroom Flooring, Kitchen Platform with Stainless Steel Sink with Drain Board, Aluminium Powder Coated Windows, Laminated Internal Flush Doors and Video Door Phone. 

One of the developers who offer all this with price that have been wisely priced is Oberoi Realty, they are coming up with a new residential apartment that have been designed and crafted with perfection. With amenities that have been thoughtfully chosen, grand design aesthetics, beautifully carved out landscapes and acres of open spaces, Sky City offers a global lifestyle where residents can mingle with a discerning community and soak in the finest luxury.

Their name has always stood for quality construction and timely possession, they tend go a slightly over the range, with the brand such Oberoi in the picture this gives a customer the assurance that helps make one trust them. 

The same has been replicated in their new project, with their inspiration from the beauty of multi-terraced gardens, Sky City is literally an aesthetic experience on many levels. Grand pathways, sylvan nooks and corners, breath-taking entrances and a rare tranquillity everything here has been finely thought through to create a living environment that transcends the mundane into the realm of dreams.

Five Fantastic Ways to Save Money On Your Home Loan

When you go into terms with your lender it is a long term commitment that you are going into. One should be well versed and informed about both the sides of the coin, as the key to a stress free loan term is making timely repayments. 

If you have already planned your finances in a way that you would be comfortable paying your monthly payments, then time should not haunt you. Below mentioned are some great ways that would help you purchase your own dream home as well as make sure that you have stress free loan tenure. 

• Keep A Close Eye Your CIBIL Score And CIBIL Report:

Once you start planning of buying a home for yourself, you should start keeping a close check of CIBIL Score and CIBIL Report as they play a major role in any kind of loan processing. A satisfactory score and if you have not availed any new loan or credit in past six months, ahead of applying for a home loan. 

Do make sure that all the other details in your CIBIL report are correct, so that your loan application doesn’t get stuck on account of your CIBIL score. Once you get are able to put your CIBIL together if your score goes above 750, this mean you can now go about loan shopping. 

•  Do Your Research:

This is a chance for you to get to know the ground realty and helps you gather as much knowledge as possible, which would eventually help you frame a broader picture. Once you get into doing research work all by yourself you can calculate it yourself the best home loan that there is available for you. 

With the festive season having commenced, it will not be unusual for banks to entice prospective customers with teaser rates that may lure in to leap in, but do look before you leap.

• Negotiation is a Powerful Tool For You: 

When your Loan Application gets approved on the basis of your File, CIBIL Score you would be assigned a loan officer who will be the point of contact for you till your loan is approved and get your cheque or the amount transferred into the bank account. 

While your Loan Officer would try to prove his point, but if you have done your research you would not be fooled, make sure you have availed of every professional benefit you are eligible to avail of and get as many charges waived off as possible. A high CIBIL score gives you the power to negotiate, so make sure you make optimum use of the same. 

• Pay As Much As You Can As Down Payment: 

It is very important part of having a stress free loan tenure, if you pay maximum amount of Down Payment it would eventually help you. As the interest you would be charged would be on a much less principal amount, that would not only help you reduce the span of your loan tenure but also reduce the total amount that you would repay to your lender. 

Try making as much as you can in form of down payment, even if it means stretching yourself beyond your means. 

• Pay The Same EMI Despite A Falling Interest Rate: 

With the Reserve Bank Of India surprisingly slashing the rate cut in past few days means that now even the banks would have to reduce their rate of interest as well. If you are on a floating rate of interest, it obviously means that your EMIs will be smaller and your monthly outgo will be lesser, mean while the temptation to make lower payments can indeed be attractive but it is definitely not the best option to avail for.

TATA Goa Paradise And Facebook Join Hands To Bring Real Estate To Its Digital Level.

In the 21st century with Facebook turning out to be one of the most dynamic and integral part of our life, as from the moment we wake up to the moment we go to sleep we keep ourselves constantly posted and updated by this social medium. 

TATA Housing has set a vision to use this source of medium and offer customers opportunity to see and purchase their new project TATA Codename Goa Paradise online. Tata Housing has announced “Social Sell”, a one of its kind service that would let users on Facebook in India to sell houses in its upcoming project in Goa. 

This is one of a kind initiative, via which customers can get registered through Facebook to make sure that they receive their unique invite code, assisting them to login on October 26th login on October 26 to book limited homes at this project “Codename: Goa Paradise” on a first come first basis.

This state of art residential complex is spread across an area of 5 acres, the project is a premium resort themed. Situated close to the Goa airport at Dabolim this project is marketed as a leisure home.

Over 132 million monthly active people in India and people across the world on Facebook can participate and get an opportunity to book a dream home in Goa. This initiative will provide inspiration to other brands to drive awareness, generate leads and deliver sales on Facebook,” said Kirthiga Reddy, MD, Facebook India.

TATA Housing pioneered the concept of online home buying in India India when it partnered with The Great Online Shopping Festival by Google in December 2013. Since then the company is coming up with innovative ideas to sell homes at its various projects.

"Explorer the yet explored!" Indian Places that are the next thing in Real Estate Market.

One of the leading website in Indian Real Estate Market conducted a research that was to identify the best and the most ideal location from investment point of view across India in 2015. With the soul mission of this study was to facilitate and pass of information based on concrete data for a more stable investment. 

The report was conducted on the basis of the data compiled in March 2015 and also kept a check on residential property price trends for over the past one year and had shortlisted up to 50 such localities and areas. 

Out of all the 50 localities and areas that have been shortlisted, below are some new locations in the city’s that are already giving positive signs in Real Estate Sector. These have been the few for this week, rest coming soon.

"Explorer the yet explored!"

Ambegaon, Pune:

Ambegaon is one of the most upcoming locations that is situated on the outskirts of Pune and it also offers a good valuation investment proposition. With its great connectivity with the inner city as well as to Mumbai - Bangalore bypass. 

Ambegaon also falls within Pune corporation limits, thus indicating a good chance of getting better infrastructure compared to other areas in the outskirts.

Guduvancheri, Chennai:


Chennai is a developed market in terms of real estate with great property at amazing prices. However, there is lot of potential for growth of the market in the outskirts with a good demand and supply-balance in its existing market. 

After Oragadam and Sriperumbudur, Guduvancheri is an upcoming real estate hub in the outskirts of Chennai. This locale is situated along the Chennai - Trichy highway and has become a fast developing residential area between Tambaram and Chengalpet. It has especially seen a high demand for plots in the recent past owing to well established basic infrastructure, such as schools and 
markets.

Rajarhat New Town, Kolkata:

This is located on the outskirts of Kolkata and is a fast growing satellite city planned by the West Bengal government. Consisting of two villages, Rajarhat and Bhangar, this area is being developed in the north eastern parts of Kolkata.

 This is about three times the size of Salt Lake and is home to many IT companies. Corporates have purchased land in this area with plans of developing them at a later date. It is already home to many residential and commercial projects.

E-Registration: A Step Towards Realty Market Transparency. The New Way That Will Make The Real Estate Back On Track

The most frequently-occurring type of disagreement in Indian real estate is land dispute. Cases range from of illicit land grabbing and illegal land sales to instances of purchase of land where no actual purchase has taken place.

E-registration has simplified the process for providing evidence of titles and facilitating transactions, and will go a long way in preventing the unlawful disposal of land. 

This online registration system effectively put paid to the various underlying problems and loopholes in the traditional land registration process, based on the Land Registration Act of 1925, which typically involves Powers of Attorney, sale or mortgage of. 


TREE OF OWNERSHIP : 

If a piece of land has been passed on for generations or has seen multiple owners over time, a proper hierarchy of land holding needs to be available so that current buyers or tenants can ascertain the exact value of land or the rent according to current market values. 

This is possible only when there is complete transparency in document verification and full disclosure of details about the property - gross carpet area, number of rooms, foundation details and wiring blueprints. 

ROLE OF A BROKER :

Does e-registration also negate the need for a real estate broker? This is a fair question. While all details of the property may be available online, this may not be enough information to make a firm investment decision. 

The question of whether a particular property, regardless of how many details are available online, makes good investment sense in light of many other options can only be answered by a knowledgeable consultant.

E-REGISTRATION PROCEDURES :

Since property in both urban and rural areas property comes under the jurisdiction of the same State Government and both types of areas are managed under a Tehsil (aka taluk or mandal) the e-registration of property (housing or commercial rental) is fairly similar. 

The process will only differ if the land is vacant or occupied (built upon). For vacant land, valuation is done at current market price while for occupied land (with built-up prope) 

BENEFITS OF E-REGISTRATION :

The usual resource challenges at Registrar offices are reduced drastically, allowing them to tend to more sensitive matters like disputes. 

-The details and documents pertaining to land records can be accessed online at any time. 

-Transparency in the registration process increases significantly, thereby also rationalizing broker fees and negating the need for bribes to officials 

-The software calculates the stamp duty.

Things to know before you apply for a Home Loan

India is a great place to buy a real estate asset, as all you need to have is the will to buy the property of your own choice, for the rest there are number of companies and banks to provide home finance. 

There are new policies and initiatives that have been taken by number of banks and financial institutions have come up with number of repayment options as well as loan options in the financial market.   

Home Loans:

The loan that is offered to the customers who want to buy, construct or renovate a residential property is eligible to apply for Home Loan. Home Loans are unsecured loans as they are provided without a security, depending upon an applicant’s financial condition and profiling.

NRI Home Loans:

NRI Home Loans are simply like any other home loans issued to individuals living abroad for purpose of career or business. These too are insecure loans as not backed up by a financial security. There are a few things that may differ from a regular Home Loan, for example the rate of interest, the tenure and also the finance amount may differ. 

Loan against Property:

Loan against Property or Property Loans are loans which are offered to interested customers against their real estate asset. These are secured loans as are backed by a real estate asset of the customer taking out loan. There are a number of documents which are required to be submitted while borrowing Loan against Property India. 

Documents necessary for Property Loans:

Your Evidence of residence - A ration Card / Telephone Expenses / Power Expenses / Voters Card will do.

Evidence of Identification - A Voter's Card / Motorist's Certificate / Company's Card will do.

Your latest Bank Declaration/Passbook - from where you can show your wages / incomes being acknowledged from the past 6 months.

Salary Slip - last 3 several weeks with all deductions shown. A Form 16 from the last 2 years will also be required.

Copies of all Real estate asset Records - of the property in question that you select to commitment for the loan.

*If you are a self employed professional/individual, you will require the following documents:

Certified Financial Declarations for the past 2 years.

Evidence of Property - A ration Card / Telephone bill / Power bill / Voters Card will do.

Evidence of Identification - A Voter's Card / Driving license / Company's Identification Card will do.

Your latest Bank Declaration/Passbook  - from where you can show a wage / income being acknowledged from the past 6 several weeks.

Copies of all Real estate asset Records of the worried property that you select to commitment for the loan.

Lodha Palava City, the first smart city of India for its Smart People

Even though the city of Mumbai in the last 9-12 months has seen some slowdown for the real estate industry, Abhinandan Lodha, deputy managing director, Lodha Developers is confident of growth for his organisation. 

According to him the new 4000 acre Lodha Palava City project would garner a bottom-line of around Rs 600 crore every year, over the next 5-6 years and a total of around Rs 4000-4800 crore, over 8 years after paying all the taxes.

Lodha Palava City is a 4000 acre township located in suburban Mumbai. Out of that 250 acres have been developed and sold which has over 20,000 units exist. They are now developing 650 acres and expect to have 1 lac units by 2025. Current pricing ranges from 40 lakhs to 60 lakhs for 1 to 3 BHK. 

The company has grown by around 27 percent as compared to last year both in terms of topline and bottomline. Current debt for the company stands at Rs 5600 crore, which is fully serviced by internal accruals, said Lodha. The Lodha Group has absolute ambitious plans to make the city a dream for each Indian. 

Lodha group has not left any stone unturned to ensure that they have a huge success to Palava City. Lodha Palava City is world’s finest Town Planning Companies, Architects and Professionals who have studied the development across the globe.

This project will give an average of 60 to 90% returns to the Investors and Home Buyers across a time frame of 5 years plus. With a staggered payment approach and Bank Funding there is no other project available with a ticket size of 40 Lakhs plus to match the infrastructure with this project. 

With Mr Bachchan being the Brand Ambassador, it brings the added confidence to the home buyers and investors who have grown up seeing the Shehenshah of Bollywood and with him being the First Citizen would mean a lot to them. In an Industry First move, the Lodha Group has signed in Mr Amitabh Bachchan as the First Citizen of the Palava City, the New City for the New Generation developed by the Lodha Group.

Banker and Developers take necessary initiative to boost sales in Real Estate.

Bankers and Developers on same wavelength to make Real Estate a better place! The rate of interest may now vary between 15 and 35 basis points across the banking industry can fuel the demand which is already being stoked by the government’s programmes such as Smart Cities, Affordable Housing and Digital India with a focus on reducing the inflows into cities which are bursting at the seams.

With the reduction in interest rates by the banks has acted like a spark that the real estate market had been waiting for, with Home Loan interest rates on a slope, lenders are now more optimistic. SBI and Housing Development Finance Co which have shed their reluctance in passing on the Reserve Bank of India’s past rate cut.

New policies and initiative taken by the RBI and Indian government together like reducing the interest rates in Home Loan as well as building 100 smart cities are seen as a major step in boosting the stagnant real estate sector.

As per the I-T law, the buyer of an immovable property worth Rs 50 lakh or more is required to deduct (and deposit) withholding tax at the rate of 1% from the consideration payable to the seller. In case of failure to comply with the provisions, interest and penalty are imposed on the buyer.

Buying an apartment and your TDS formalities are thus, if the purchase price of your flat is Rs 50 lakh or more, then you have to comply with the tax deduction at source (TDS) obligations. You will be required to furnish information about the tax deducted and deposited online on the Tax Information Network (TIN) website in Form 26QB 
(URL is https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp).  

Five basics to make your Home Vastu Compliant

Vastu Shastra has now become an integral part of any construction or home interior, while the number of Vastu Experts in our country now equals to the number of cricket experts. The experts in Vastu generally tend to differ from each other on what rules or principles to follow, with this blog we have tried our level best to gather all important information one can use and what to chose and not to is at your discretion. 

Our vision is to just provide our users with information that would make your life simple and effective I just five easy ways. 

1. Pre-construction:

Before you start the construction on your plot it is advisable to perform Bhumi Pooja or the worship of mother earth, as it is done to get blessing from her and makes the beginning of the construction auspicious and marks a good start to the proceedings.

2. House Entrance:

The Entrance of your home is the first point of interaction for anyone who comes to visit, so it becomes very important that you place your entrance accordingly. The most auspicious and advisable direction for ones entrance is the East, as the sun rises from the east. This brings in positive energy and light into your Home, if you want your entrance somewhere other than East, in that case North East is also a good option.

3. Kitchen location:

The location of your Kitchen should be such that it faces the East side and when you cook you should be facing the East side. Just one important note that one should always keep in mind is that your Kitchen should not be located directly in front of the main door of the house.

4. Master Bedroom:

The Master Bedroom is the place where you spend most of your time and thus it becomes an integral part of your house. The master bedroom should be located at the South West of an East-Facing home. If you ask me I would suggest you that, if you will follow 2nd and 3rd point, you can sleep soundly, without having to let the aroma or the noise accompanying the cooking to wake you up. 

5. Toilet location:

Your toilet’s location is also a quite a vital aspect from both perspective of Vastu as well as general health and aesthetics angle. The ideal location is to be located in the North/West corner of the building or North/West corner of the rooms. If this is not possible, South East toilets are allowed. It is also recommended (and sensible, in our opinion, we might add), that the toilets, kitchen and Pooja room in the house should not be adjacent to each other.

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.