A checklist for buying your dream house

Buying a home is a decision for life. And if you're buying a home for the first time, there could be a lot of jargons and terminology that could prove dauting. Below are a few list of questions / issues one needs to look into before investing or taking that big decision of your life.

1. What's the land use?

You need to check the land use of the property on which the project is being developed i.e. whether the land is being developed for residential or commercial purpose. Ask for a proper licence of the property from the developer.

2. Has land acquisition been completed?

Often, developers start selling apartment before acquiring the land. You need to check the official docs of land acquisition before committing your savings to the developer.

3. Does the developer have legal title?

You could hire a lawyer for conducting the title search. A unique khasra number is alloted to every property. Ask the developer to show you the papers demonstrating his ownership of the property and check in the registration name and number. With the help of lawyer, you can also find out if there is are legal disputes happening over the land.

4. Are all approvals in place?

Other than property licence, check whether the developer has received the following approvals: building plan, water, environment and pollution, and height clearance (if the building is situated near an airport).

5. Estimated date of project completion

Often, the project is completed within a certain period, say, 36-42 months from the start of construction. Get a written doc from the developer stating the date the construction will start.

6. Is there a Penalty Clause?

If there are any delays in handing over possession, the developer has to pay a penalty to the buyer, provided the penalty clause is there in the builder-buyer agreement.

7. Any extra charges involved?

The developer often collects preferential location charges (PLC), external and internal development charges. Find out if there are any hidden costs involved. Ask the developer for a written assurance stating that no further charges will be levied.

8. Developer's Track Record

Do your homework properly. Do a complete study on the background and past projects of the developer. Try and avoid novices as they usually lack the financial strength to weather a downturn. Have a word with residents of earlier projects to find out if the developer delivered the possession of the apartment on time. What were the on-campus facilities and the specifications promised within apartments? How well is the project maintained? In case of an under-construction property, visit it with a civil engineer and have him evaluate its construction quality.

It's important to understand these factors before you make a commitment to the developer and buy your dream home. At SARE Homes, we offer our customers with top quality assurances like transparency in all dealings, higher efficiency of space utilization, quality of material, established architects and contractors, professional management and personalized customer service. 

Know more here.

SARE Homes Launches ‘Club Terraces’ at Sector 92, Gurgaon

Homes for the luxury conscious

• An iconic 19-storey luxury tower with VRV air-conditioning overlooking Gurgaon’s finest 35,000 sq. ft. club
• Luxury amid 7 acres of greens – with large private terraces, luxurious lobby and more
• Part of a 48-acre integrated township

SARE Homes, an FDI developer of residential integrated townships across India, has announced the launch of its new project ‘Club Terraces’ in Sector 92, Gurgaon.

SARE Homes plans to develop this iconic 19-storey tower that will overlook the SARE club, which will be the largest and finest club in Gurgaon, set amidst 7 acres of lush, breathtaking greens.

Club Terraces offers 3 and 4 BHK apartments with VRV air-conditioning and has been exclusively designed with 3 sides open, large private terraces and French windows. Other amenities like a spacious 8,000 sq ft (743.21 sq mtr) guest lobby, recreational facilities and servant quarters having separate entrances make for a luxurious experience like never before.

 Club Terraces is unique because it overlooks a lush 7-acre green and the fact that its residents can enjoy the SARE Club. At 35,000 sq ft, the SARE Club will be Gurgaon’s largest and finest club, and has lavish offerings, like the clubhouse lobby, 4 swimming pools, modern gymnasium, indoor heated pool, billiards and table tennis room, restobar, dining lounge, library lounge, banquet hall and party lawn.

Club Terraces is part of a 48-acre integrated township that is positioned on the 60m arterial road and offers excellent connectivity. It lies on the Gurgaon growth corridor, with easy connectivity to Delhi via the expressway, metro rail and bus, and is a short 40min drive to the IGI airport.

The township itself has all amenities like shopping facilities, nursery, primary, high school, 24-hour power back-up, club house, medical facilities, adequate water supply, rain-water harvesting, organized basement/ open parking, 24-hour security, wide well-lit metalled roads and landscaped greens.

Commenting on the occasion, Mr. David Walker, Executive Director, SARE Homes, said, “After selling more than 2000 homes in our Gurgaon township, and receiving recognition by way of Industry Awards on a pan-India level, we are delighted to launch Club Terraces, homes for the luxury conscious.  SARE has a strong balance sheet and its assets in India are valued at Rs. 3,200 crores with nominal leverage. The fund’s equity is held by global institutional investors like Forum Partners and Goldman Sachs Principal Strategy (GSPS) Asia Ltd. The scale of our business will enable us to deliver best in class service to our customers and commit the resources to ensure on time delivery of our projects.”

Mr. Vineet Relia, Chief Operating Officer, SARE Homes, further added, “It gives us immense pleasure to launch Club Terraces, 3 & 4 BHK air conditioned homes offering a luxurious lifestyle. These homes have expansive 30 feet verandahs and are packed with amenities such as VRV air-conditioning and access to the SARE Club, which is set amid 7-acres of lush greens. Our Gurgaon township is strategically located on the main 60 meter road, very close to the IGI airport with easy connectivity to Delhi.”

Know more about this property here.

Chennai property gains NRIs preference

Chennai, which is often termed as the cultural capital of India, gains NRIs preference over other metropolis. The city has been listed as the second most favoured property investment destination for NRIs by Associated Chamber of Commerce and Industry of India. According to the report industry goers feel Chennai offers a good investment platform for NRIs as the price movement here is constant when compared to cities like Bangalore and Hyderabad and hence realtors are expecting a 35% increase in the enquiries from NRIs.

A perfect 'Gateway to the South', Chennai offers its residents a rich culmination of history, arts, culture and architecture. Being home to India's longest natural urban beach - Marina Beach and Kapaleeshwarar temple that was built around the 7th century, the city has something inspirational for every soul.

It's a destination that provides fast bustling boulevards and slow lanes of Zen, side by side. Chennai has with time emerged as a peaceful city for people to attain a beautiful work-life balance.

SARE Homes has always found Chennai to be a lucrative destination for creating its planned townships. Our Chennai projects include Crescent ParC Dewy Terraces in OMR, MeadowVille in Singaperumal Koil along with 400+ Expandable Villas. SARE Homes’ townships in Chennai have access to a multitude of amenities like world-class club facility with features like fully equipped gymnasium, swimming pool, recreational room for indoor sports etc, and international standard shopping complex, school and hospital. 

Know more about these projects from here.

'Bhoomi Pujan' at SARE Homes' SpringView Heights Phase II in Ghaziabad

SARE Homes, a FDI real estate developer with seven integrated township projects in India, recently organised Bhoomi Pujan for its “SpringView Heights” Phase II in its elegant residential township called SARE Crescent ParC located on NH 24 in Ghaziabad. 

Spread over 88.35 acres, SARE Crescent ParC township is well connected to national highways, namely, NH24 and NH91 and is in close proximity to Rajnagar and Kavinagar providing easy access to malls / shops, hotels / restaurants, petrol pumps, schools / colleges and hospitals. Ghaziabad Railway Station and ISBT are also easily accessible. It is situated just off the busy highway and therefore avoids pollution related hazards.

The unique features of this project include – 6 towers with 7 clubs with each tower having its own club. The common club house and a central park are situated on a 10-ft high, beautifully landscaped elevated podium complete with a Sky Lounge Terrace and entertainment features.

The new inventory in SpringView Heights offers 2BHK and 3BHK apartments measuring between 926 - 1423 sq. ft. Built on Stilt + 14 with lift, SpringView Heights has spacious balconies, reserved car parking, ample power back-up, panoramic landscape, and an exclusive 25,000 sq. ft. mega clubhouse within the township.

Commenting on the occasion of Bhoomi Poojan, David Walker, Executive Director, SARE Homes, said, “The responses that we received for the first phase have been enormous and we thank all the customers for the confidence that they showed in SARE Homes. In line with our philosophy of offering quality community-housing at strategically identified locations across India, this development aims to extend the happiness we have provided to the buyers of SpingView Heights Phase 1 where over 150 families are living up to their satisfaction to many more aspiring Indians. Our latest offering is about providing spacious homes at an attractive price with on the spot home loan approvals from leading banks such as SBI, ICICI Bank, HDFC and Andhra Bank”.

While the pricing of these elegant apartments start from Rs 30 lacs, SARE Homes also allows the owners the option to pay only 10% initially and another 10% in next 90 days, following which they will only require to resume payment after 3 years. The scheme is different from the usual interest subvention where buyers do not tie up with financial institutions. With this kind of innovative flexible payment option, SARE Homes ensures that the dream of the customer to have his own house is fulfilled.

Reflecting this thought, Vineet Relia, Chief Operating Officer, SARE Homes, said, “SARE Homes has always been a customer-oriented developer. The approach which we follow speaks volumes about our commitment toward India's citizens and their values and sensibilities. Finally, the flexibility in payment mode that we have introduced, I am sure, the owners will find extremely convenient.”

Expandable Villas in OMR Chennai – Made for Growing Families

Investing in a home property requires careful thought and pre-planning. Your family may be small now, but you should expect it to grow. Smart people take this into consideration when they buy homes. With land prices and construction costs skyrocketing, buying a new home property every now and then is not a practical proposition. However, you can with a little forethought, plan for your family’s future needs for additional space by opting for a villa.

Villas have distinct advantages – you get freedom to add additional living space and make changes to your property. Yet another advantage for villa owners is that land prices shoot up rapidly, which means your villa’s market value too goes up. It also doubles as a security for your future and also fetches bigger rentals should you decide to lease it out. Villas are an irresistible option for home investors these days. More people prefer to move into villas for added comfort.

We, SARE Homes are one of the most trusted names in the housing construction industry and have a pan-India presence. Our current projects include 7 townships and 24,200 apartments, including Expandable Villas project located in OMR (Old Mahabalipuram Road), Chennai on a 112-acre piece of land that is close to the IT corridor of Chennai and one of the most preferred location to invest in a villa.

The Salient features of Expandable Villa include –

• You own the land and the property
• Building plan is approved even before you buy it
• It has additional space to expand
• Vaastu compliant layout
• Sunlight lit and well ventilated
• Sprawling kitchen with facilities for storage
• Balcony included for master bedroom

The other facilities at Expandable Villa project are – 2 swimming pools, a modern gymnasium, a spa and health club, a badminton court, a restaurant, an in-door games room, a tennis court, a squash court, and an half-basket ball court.

Expandable Villas project offers 2 villas types - Type A and Type B.

• Type-A features are – Space: 1297 – 1395 sq. ft. with usable area ranging from 120.4 to 129.5 sq. mtr. It is a 2 BHK villa. You also get the option to expand by including another room on the terrace of the villa.
  
  
• Type-B features are – Space: 1936 – 2079 sq. ft. with usable area ranging from 179.8 to 193.1 sq. mtr. It is a 3 BHK villa with a spacious master bedroom, and a kid’s and guest room in the ground floor. You also get the option to expand by including another room in the terrace.   

SARE Homes’ Ready-To-Move-In Apartments in Chennai Launched

SARE Homes has launched ready-to-move in apartments “Dewy Terraces” in its elegant residential township called SARE Crescent ParC located on the OMR road in Chennai.

Spread over 112.2 acres, SARE Crescent ParC township is strategically located between the East Coast Road and the Old Mahabalipuram Road, and is a 30-minute drive from Tidel Park. The upcoming Thiruporur bypass will touch the project, which is located near the famous Lord Murgun Temple. The proposed Chennai rail link which will connect Thiruporur Railway station to the city is at the doorstep of this township. Its close proximity to Siruseri - Asia's Largest IT Tech Park, gives it an edge over any other residential property in and around OMR, Chennai.

The new inventory in Dewy Terraces offers 2 and 3 bedroom apartments measuring  between 604 - 1472 sq. ft. Built on Stilt + 4 with Lift, Dewy Terraces has private balconies, reserved car parking, ample power back-up, panoramic landscaping, and an exclusive 20,000 sq. ft. mega clubhouse within the township.

This property has on the spot home loan approvals from leading banks such as SBI, ICICI, Axis & HDFC, so you can pick up your keys and move in.  These ready-to-move-in apartments have been crafted keeping in mind the aspirations of those who dream for good housing in a strategic location. Its close proximity to the Asia's Largest IT Tech Park – Siruseri will provide a wholesome ecosystem to the investors.

Dewy Terraces boasts of a bouquet of comforts of life through a world-class 20,000 sq. ft. mega clubhouse with a gymnasium, swimming pool, indoor games, reading room and family lounge. Located near a Proposed International High School and a Primary and Nursery School, SARE Crescent ParC is a secure-gated townshipwith 24-hour power back-up, treated water supply, and professional facility management services.

Know more about this property here.