Repo rate raised by 25 bps to 8 percent by RBI

In a bid to strengthen the rupee, Reserve Bank of India Governor Raghuram Rajan raised the key repo rate on Tuesday (Jan 28th, 2014), the third time since the September of last year when Mr. Rajan had taken over as the governor. And the Indian currency has already shown a sharp recovery since the policy announcement. 

However this meant that he made a choice to confound expectations in order to renew focus on inflation. Mr. Rajan is of the view that the value of the rupee faces a major risk from the CPI (consumer price index) inflation, which is already elevated at close to double digits, despite the predicted disinflation in vegetable and fruit prices. He also claimed that the main target of the RBI is that they want to bring the inflation down so that it will present them with some room on the monetary front which could then be passed on. 

The repo rate, which is the rate at which banks borrow short-term money from the RBI, was raised by 25 basis points, i.e. 0.25 percentage point, to 8 percent. The reverse repo, the rate at which the RBI borrows from banks, was raised 25 basis points to 7 percent. And in order to maintain the balance, the marginal standing facility, the penal rate of interest for banks was raised 25 basis points to 9 percent, while the cash reserve ratio was maintained at the initial 4 percent. 

David Walker, Executive Director, SARE Homes shared his view on this change, “The repo rate increase is designed to reduce India’s persistently high inflation and also provide support to the currency. This will adversely affect demand in the short term, which is of concern given the slowdown in growth, but is required to for price stability which brings with it higher medium to long-term consumption and investment”.

SARE Homes excels at Estate Avenues Awards 2013

SARE Homes has yet again proved its grit in the real estate sector at the recently concluded Estate Avenue's United Provinces Awards 2013.

SARE Homes won three awards at this prestigious event, namely ‘Best promising project of the year’ for Petioles, Gurgaon; ‘Integrated township developer of the year’ and ‘Emerging Developer of the Year’. On top of that, a special ‘Professional Leader in Real Estate sector’ was also awarded to Mr. Vineet Relia, Chief Operating Officer, SARE Homes for his contribution to the sector. The awards were organized by Estate Avenues, the leading real estate monthly published by SS Media House.

The proud winners were chosen, subsequent to an extensive and rigorous selection out of the real estate developers. The eminent jury for Estate Avenues Awards 2013 consisted of Carlos Jimenez Aguirre, Chief Economic & Commercial Counselor Spanish Embassy in India, Dr. Anil Kumar Sharma, President of CREDAI-NCR, Col. (Veteran) Prithvi Nath, VSM, Head North NAREDCO, Dr. P S Rana, Chairman Bostan TCS, Former Chairman and Managing Director (HUDCO), Mousumi Roy, Real Estate Head FICCI and many other distinguished luminairies. Winning these awards is an acknowledgment of SARE's performance in India and its zeal to deliver best-in-class service to its customers and mobilize resources to ensure on-time delivery of its projects.

Winning these awards is an acknowledgment of SARE's performance in India and its zeal to deliver best-in-class service to its customers and mobilize resources to ensure on-time delivery of its projects.

Estate Avenues' United Province Awards is an annual award which felicitates the contribution of Real estate companies. The Awardees were chosen after a rigorous selection of developers from Northern region. The event held at Eros Hilton Hotel on September 1, 2013 was attended by the stalwarts and gentries of the real estate sector.

A panel discussion, namely Manthan, was also organized which saw Mr. Vineet Relia sharing his thoughts, vision and ideas on topics such as illegal sand mining, concept of mixed use development and the role of private developers in providing low-cost housing to its fellow citizens.

Commenting on the occasion, David Walker, Executive Director, SARE Homes said, “It is indeed a joyous moment for us! We have always strived to provide the best value proposition and unique concepts through our products which have been appreciated by all our home owners.”

Vineet Relia, Chief Operating Officer, SARE Homes further said, “These awards give us immense confidence to develop housing units for people with taste and aspiration. Having executed projects across the country has helped us gain immense knowledge and expertise. We will continue to walk the path of offering a range of residential homes and providing a variety of lifestyle choices for our customers. We will always endeavor to live up to our loyal customer's expectations.”

The award function was preceded by United Provinces Real Estate Expo 2013 which focused on real estate developments in the United Provinces zone, a regional identity formed in 1902 British India by merging two major British India administrative units – Agra & Oudh. The United Provinces included Modern UP, Uttrakhand, Delhi, Haryana, and parts of Rajasthan & Madhya Pradesh. 

Respite for the first timers

Are you looking to buy a house for the first time? Thanks to the Union Budget of 2013, you can heave a sigh of relief as new loans up to Rs.25 lakh will be eligible for an additional tax deduction of Rs.1 lakh for interest payments. This is their way of encouraging people to buy their first home ever. Good move, and definitely deserves a sigh of relief.

However, this is of course on for the financial year of 2013-14 as of now. So that means, a person taking a loan of up to Rs.25 lakh for his first home between April 1, 2013 and March 31, 2014, will be entitled to an additional deduction of interest of up to Rs.1 lakh. Apart from being beneficial to first time buyers, this move will also boost a number of industries like steel, cement, brick, wood and glass, besides giving jobs to thousands of construction workers. With this, the total deduction for interest payment for 2013-14 will be Rs.2.5 lakh. If the interest component is less than the deduction limit, the balance can be claimed in the next financial year.

With the advent of this benefit, taxpayers can continue to claim deductions up to Rs.1 lakh for repayment of home loan principal within the overall limit of Section 80C of the Income Tax Act. There are a few areas to look into though, as can be the case with any rule or law.

1. A deduction of up to Rs.1.5 lakh for interest payment (under Section 24B) is allowed if the house is ready and occupied by the taxpayer.

2. Any pre-construction interest is allowed to be deducted in five equal instalments within the Rs.1.5 lakh limit after the house is ready.

3. If the house has been let out, the taxpayer can claim the entire interest component as deduction from the rental income.

This move is definitely very encouraging for buyers on the lookout as well as opportunities in real estate, both of which will see a significant rise as per predictions of many.

Where there's a Bill, there's a way

The Real Estate Bill 2013 has been in the pipeline for quite a while and it's only recently that it was approved by the Union Cabinet and is now waiting to be passed by the Parliament. This Bill allows for the creation of a regulator in the real estate sector, for residential properties. Here's how it attempts to safeguard buyers' interests:

1. Property brokers must obtain a license.
2. Developers to submit authenticated copies of approvals and sanctions from the competent authorities while applying for registration.
3. No advertising, selling or money raising will be permitted before project approvals are in place.
4. If a developer flouts a provision of the Bill, he could be fined severely or jailed.
5. The provisions of this Bill will also apply to government agencies involved in housing projects.
6. Developers should maintain a separate bank account for each project in a scheduled bank to prevent diversion of funds from one project to another.
7. Compulsory registration of all real estate projects of more than 4000 sq.mts.

One of the best parts of all the documentation this Bill demands is that brokers, especially those who only deal in cash, will have to redo their methods, so to speak. The buyer's cost will be affected just by this.

With the good comes the bad. Here are some shortcomings of this Bill:

1. The Bill will be applicable only to new real estate projects. Those projects that have already been launched and sold will not come under its purview
2. While there are penalties for failing to deliver on time, there is no clarity on what happens if the delay is due to the failure of government agencies to give timely approvals.
3. Since Registration is required only for projects over 4000 sq. mts smaller developers will evade the Bill's scrutiny.
4. A developer will now launch a project only after he has received all the approvals, which is a timetaking process.

There are several complaints that developers will have but it benefits a real estate buyer and is quite the sigh of relief. But the sighs will have to wait as for it to be passed by the Parliament and adopted by all the States, there may still be time. Lots of time.

Home is where the loan is

The real estate industry today has seen a huge change as far as the attitude of the buyer is concerned. Today's buyers are more informed and aware and carefully retain other's experiences in their mind so as to extract a lesson from it later. But, even so, the irony is that too many smart people are buying homes and still having problems. Sometimes, it's the quantum of readable material available that is confusing in itself. Want an upper hand when applying for a home loan? Believe it or not, just revisit your basics. 

1. Impact of loan on your personal finance: With the new cash out flows there's bound to be a dent, so you'll need a brand new monthly budget in place. 

2. Know your maximum loan eligibility: Some banks calculate the income available for EMI payments based on an individual’s gross income and not on his disposable income. Do your research here. 

3. Check your CIBIL score: A score above 700 gets home loans easily. The Credit Information Bureau India Ltd (CIBIL) provides a credit score on a scale of 300 to 900 based on your current financial stability, loans existing, card usage, etc. 

4. Co-application: If you want a loan amount higher than what's offered, having a co-applicant with his/her own source of income helps and also make sense from a taxation perspective with each applicant being able to avail the tax benefit available on interest payment of an EMI. 

5. Tenure: Shorter tenures mean greater EMI burden, but your loan is repaid faster. What you would pay as interest over the term of your loan would be substantially lower. 

6. Type of interest rate: The type of interest rate you choose has an impact on the monthly EMIs you pay. It is important that you know the difference between fixed rate home loan and floating rate home loan. 

7. Pre-payment and foreclosure charges: Sometimes, pre-payment of loans may require you to pay a penalty. Do your research well so that there's flexibility if you can close your loan earlier. 

8. Loan Options: Banks generally offer either of the following loan options: Floating Rate Home Loans and Fixed Rate Home Loans. The EMI of a floating rate loan changes with changes in market interest rates. 

9. Take cover: A life insurance plan that covers the re-payment of loan in the event of an unfortunate death of the borrower can at least help the family retain their home. 

10. Loan transfers: Old customers have higher rates of interest while the new ones have lower rates. So, over time the good deal turns into a sour deal. So the cost of switching is always high. 

11. Implications of delayed payments: Try to clear your EMIs in time because once you are declared a defaulter or your credit history turns bad, and taking any kind of loan in the future may be an issue. 

12. Read the documents carefully before you sign: Check the documents to ensure that the terms are same as what you negotiated and agreed upon. Don’t let the bunch of home loan documents bog you down and just sign on the dotted lines. 

Buying a home is an important personal finance decision for every individual. Before applying for a home loan and paying your processing fee, make sure you analyze the above aspects to get a satisfying and smooth deal

SARE: Three awards and still counting

We are truly excited to announce the top honours we won recently at the Realty Plus Excellence Awards 2013! Our maiden luxury project ‘The Grand’ in Gurgaon was awarded ‘Residential Property of the Year - North Zone’, while our Ghaziabad property 'Crescent ParC - SpringView Heights' was awarded ‘Integrated Township of the Year – North Zone’ and that's not all. Our Chennai property in OMR ‘Expandable Villas’ won the ‘Residential Property of the Year – South Zone’ award. 

The Grand is the newest phase of our 65-acre integrated township in Sector 92, Gurgaon. It offers centrally air-conditioned 3BHK and 4BHK apartments equipped with sophisticated individual zone-control (VRV System). The project has several world-class amenities including an 18,000 sq. ft. 5-star luxury lobby. Just step in and you will be greeted by two breathtaking 23-storey high atriums, elegant reception areas with billiards tables, landscaped sit outs with a coffee shop and many more thoughtful conveniences. The Grand also houses Gurgaon’s largest and finest residential club, called The SARE Club, measuring 35,000 sq. ft. 

Springview Heights is spread across an 88.35-acre integrated township called SARE Crescent ParC on NH-24 in Ghaziabad. Its unique features include six towers with seven clubs, of which each tower has its own club. There is also one common club and a central park on a 10-feet-high beautifully-landscaped elevated podium, complete with a Sky Lounge Terrace and entertainment features that offer a first-of-its-kind indulgent experience! 

This GDA-approved township is in an advanced stage of construction and habitation. Families are living happily in phase-1, with phase-2 being ready for possession soon, and construction in full swing at phase-3. The leading facility management company Jones Lang LaSalle (JLL) has been appointed to manage the project. 

Our 112-acre Expandable Villas project in Chennai enables homeowners to add additional living space at a later stage as per their convenience. The Crescent ParC township at Chennai’s Old Mahabalipuram Road not only caters to lifestyle needs of prospective homeowners, it also maximizes the value of their investments. 

On winning the awards, Mr David Walker, Executive Director, SARE Homes, said, “We are very pleased that our first project in the luxury space has been recognised on such a prestigious platform. The fact that as a national-level FDI developer of quality community housing projects, our efforts have been acknowledged, comes as a bonus.” 

“For a customer-centric company such as SARE Homes, these awards will go a long way to encourage us to realise the lifestyle dreams of our customers,” said Mr. Vineet Relia, Chief Operating Officer, SARE Homes.

Gold or real estate? Flip a coin

A popular term in Hindi; Roti, Kapda aur Makaan, translates as food, clothing and a house, the bare essentials for survival. While an average person toils and moils all year round so provide these for his family, the focus has shifted ever since the recent dip in gold rates. It has been a couple of years since share market enthusiasts have drifted and found their way to gold and real estate. 

Having said that, one questions whether the returns given by these safer investments are likely to sustain. If gold rates have seen a 20% decrease, are real estate prices also likely to plummet? Is there any correlation between gold and real estate prices? According to a survey by Karvy, there is. Their results of the Hong Kong market said real estate index and gold prices have 81% correlation. 

The Indian market has a similar story for the year 2012-13.

Builders and developers are coming up with new, affordable schemes to lure people into making purchases. Jewellers are known to tempt people into investing in gold by predicting a rapid rise in rates in the near future. In fact, when gold rates decline, people are known to sell their real estate investments in order to invest in gold!

So if you have not purchased a home yet and are waiting for that moment that rates see a fall, there is no guarantee that it may happen merely because gold rates have fallen and you may only hope for it to be true. One may argue that real estate prices may not go down considering land is limited after all but its demand is not. Gold on the other hand is not as limited as land for sure and is an international commodity so it's rate is more likely to keep fluctuating. Land prices may stagnate at the most but not fall.

However, all these are debatable but the fact of the matter remains that people wait for a trigger to make them invest in either gold or real estate. One can work as a trigger for the other but will we be able to predict that? At least for now we can be delighted to not be forced to choose between food and clothing.

SARE Homes launches The Grand in Sec 92, Gurgaon

We have been known to provide quality community housing at strategic locations in India and are now all set to offer a grand 5-star lifestyle with the launch of 'The Grand' in Sector 92, Gurgaon.

Developed as part of the newest phase of its mature 65-acre integrated township SARE Crescent ParC, The Grand consists of 23-floors of elegance in the form of 3-&-4 BHK air-conditioned apartments, with opulent lobbies, concierge services and grand terrace balconies that are perfect for hosting quintessential parties.

Available in sizes ranging between 1,853 and 2,280 sq. ft, all apartments at The Grand are centrally air-conditioned and equipped with sophisticated individual zone-control (VRV System). These apartments are priced in the range of Rs 97 lakh – 1.19 crore.

Step into the world class amenities at The Grand, which offers an 18,000 sq. ft. 5-star luxury lobby, with two 23-storey high atriums, elegant reception areas with billiards tables, landscaped sit-outs, a coffee shop and several other thoughtful conveniences including kids entertainment options.

Residents can unwind in the serenity of The Grand’s 25,000 sq. ft. rooftop terrace which offers facilities including a relaxation deck, jogging track, herbal garden, star- gazing observatory and meditation centre.

While the basic sale price of these apartments is Rs 5,650 per sq ft, we are offering an inaugural discount of Rs 400 per sq ft. You can also look forward to a milestone-linked payment arrangement at The Grand, that's an indication of our commitment to strictly adhere to delivery deadlines.

As per the milestone linked payment plan, you will require to pay only 20 per cent of the sale price at the time of booking apartments. This will amount to Rs 12.5 lakh for a 3- BHK apartment and Rs 15 lakh for a 4-BHK apartment.

Mr David Walker, Executive Director, SARE Homes assures, “At SARE, we are fully focussed on developing homes that offer our customers a distinctive lifestyle and make their dreams into reality when they start living here. The homes are designed to match the lifestyle needs of modern home buyers, provide them with the latest conveniences and amenities, by which they can truly experience a luxurious style of living.”

One of the most exclusive features of The Grand is that it will be home to Gurgaon’s largest and finest Residential Club, spanning 35,000 sq. ft. It will offer you luxuries such as a party/Banquet Hall and Party Lawn and a pre-function area as well as stellar amenities - creche for resident’s children, a cafeteria on the ground floor, a restobar, cards room and library on the first floor, a state-of-the-art gymnasium, indoor heated swimming pool, outdoor swimming pool with kids pool, squash court, billiards & table tennis room, 2 outdoor badminton courts, an outdoor lawn tennis court, a skating rink and an amphitheater.

Strategically located at the Gurgaon growth corridor, the township is a part of the NCR - home to multinational IT/ITES, automobile and manufacturing companies. You will enjoy superior connectivity to Delhi via the Expressway, Metro, Rail and Bus services. The Grand will adjoin the proposed mega SEZ in NCR and you will have convenient access to an arterial 60-meter wide road. What's more, you will be just a 40-minute drive from the IGI Airport. The project is also situated at close proximity to the Dwarka and KMP Expressways as well as industrial hubs such as IMT, Manesar.

The Grand will present you a global lifestyle consisting of uninterrupted power supply, 24x7 multi-level security, wide and well lit inroads, landscaped paths, shopping, educational and medical facilities and several other modern amenities for your ultimate satisfaction.

Our Take on Budget 2013

The allocation of Rs 2000 crore for housing in the urban areas appears to be on the lower side considering that the estimated shortage of housing units is placed at more than 18 million units.

According to David Walker, Executive Director, SARE Home, "The announcement of National Housing Bank (NHB) setting up a Urban Housing Fund, tax sops for first housing loan of Rs 25 lakh and provision of an additional Rs 1 lakh rebate in addition to the existing Rs 1.5 lakh rebate will help to revive the demand for housing stock.

The allocation of Rs 2000 crore for housing in the urban areas appears to be on the lower side considering that the estimated shortage of housing units is placed at more than 18 million units. Provision of Rs 6,000 crores in the rural areas would certainly result in more permanent constructions.

The budget move to levy 1% TDS on properties above Rs 50 lakh would prove to be a major burden for both developers as well as customers especially in the metropolitan cities like Delhi and Mumbai and their outskirts as even small apartments in these areas cost more. High interest rates and soaring land prices have been the major resistance factors in reviving the demand for housing stock and the budget could have announced a few long term steps aimed at improving the supply of land and reducing interest rates."

What newly weds need to look for while buying a house

It is quite common to see a newlywed buying a house since it is usually the first decision on the financial aspect that both partners will take together. Searching for a new home has a lot of aspects associated with it. The earning potential of the married couple, their financial  stability and situation along with their future family plans are crucial when deciding to buy a new home.

A systematic plan has to be laid before venturing out to look for a new home. Valuable advice and tips regarding buying a house will be available when you take some effort to contact the professionals of this field. There are some important considerations and salient features to be looked for in the process. So, take interest in going through the below factors before making the final decision. After all it’s a big decision for all of us!

* Setting an affordable budget for home buying is a factor that plays a crucial role. It depends on related factors such as home loan approval, savings, financial situation, debts, income tax and many other points. The price range that is ideal for both the members have to be considered and chosen. The availability of cash to do the down payment also matters when laying your budget for house purchase.

* The launch of a new home search has to be done after getting all your finances in the best possible order. The financial viability can be affected by various aspects such as credit report errors, income tax returns and so on. Discrepancies in all matters have to be erased before home search activities.

* Making the right choice of the house and location is of prime importance. Home interiors can be done based on your preferences but once a house is chosen to be bought, the location cannot be changed as and when we require. Think many times before selecting the house.

* Hire professionals to get the house inspected for aspects such as the integrity of the structure, security of the location, environment and surrounding, worthiness of the project and related factors.

Having all your priorities met as per your preferences, go ahead and buy your own home with lots of confidence and happiness. The joy of living in your own house can boost you to perform extremely well in many aspects of life. Get that dream house and start your new life in a brand new atmosphere.

What IIT and MBA grads need to look for while buying a house

Homes are the pillars on which families are built. It is the dream and ambition of every professional to build or buy a really comfortable and beautiful home. It is always good to inquire about things before venturing on something big like building or buying a home. Finding the suitable locale is the primary thing when it comes to choosing houses and it differs from person to person. Some prefer houses that are situated in a serene and isolated location which could be just outside a busy city which could prove to be safe haven from the hustle and bustle of the city.

Homes like these can be a perfect setting for anyone but access to the city is a question to ponder over. Big cities can be difficult to navigate because of the traffic and distance involved. Getting to places in time can be a real burden. This is the reason why others choose to live inside the city limits. Living in the heart of the city has its own perks as there is easy access to every place in the city. Schools, hospitals, banks and other day to day businesses when they are close to the residence is a real benefit.

Another vital part of buying a house is the budget. By setting a minimum and a maximum limit for how much you are willing to spend for your dream home makes your choices narrower enabling you to get a clear picture of where you are going to stay. There are residential apartments available for every budget and depending on its location there are villas for a song. In the case of high rise residential apartments one can opt for the lower stories you can save money and if you want a splendid view from your living room you can throw in some more cash opt for the higher stories available.

Apartments can save you the time and labor on furnishing your new house. Safety factor too is an important point to consider with the unbelievable rise in crime in recent times. There are apartments with state of the art built in security and you can be rest assured you and your family live in a safe- house. Buying a house has numerous advantages against building one on your own with which also comes with numerous amenities you would love to have and that’s all there is to it.

What to consider when buying a New House?

Are you a young professional or an NRI who wants to invest in real estate in a developing area? Or is it your first home? With the real estate boom going on, ensuring that you buy the dream home at the right time at the right price is not an easy task. And before getting into action, you will have to do the required research of the areas thoroughly. While doing the research it is significant to consider if the purchase is purely an investment or do you plan to stay in the house for a long time? Making up your mind on the purpose of buying the property would ease the whole process to some extent. However, here are some key points that demands attention prior to deciding on the area. 

Budget 

Apart from many considerations, you should first fix your budget while buying. Fix a starting range and the upper limit beyond which you do not want to stretch. It is also wise to consider the loan factor along with the percentage of loan. Remember that there is always an added expenditure apart from the property price like the brokerage fee, registration cost, and so on. We will have to be prepared for those expenditures as well. 

When opting for a high rise apartment, the cost might increase with every floor you go up. For instance, a house on the 9th floor is pricier than a home on the third floor for obvious reasons like it is less affected by pollution and noise. And this is true especially in the cities. Not to forget the view that one gets with the height is also amazing. 

Some premium builders will charge more for their brand name and you will have to know which brand names are worth the money. For instance, there are builders who are known for the quality of the construction work that they provide. In such cases, it is worth the extra money as you can be rest assured that the building is there to stay, without hassles of cracks and leaks in a few years. Also maintenance costs would be comparatively lesser thus making it a better investment in the long run. With credible builders you are sure to get the best in terms of quality. For anybody an investment in property is decisive and we should definitely opt for renowned builders ensuring a purchase worth the money spent along with a sense of security. 

If you are buying a brand new home, then you will also have to plan for the interior designing, pay extra as property tax, VAT, service tax among other expenditures. With new homes, you have the flexibility to decorate and design the way you want to make it your own and with that comes cost as well. 

Facilities 

After deciding on budget, next come the facilities accessible for the money invested. Novel apartments include residential facilities like playground, parking, clubhouse, security, etc. While you consider outside facilities think of a few factors like the proximity of corporate hubs so that you don’t have to travel too far to your place of work. The locality should have good schools so that your kids or your future kids can get the best education as well. With improved lifestyle, it becomes necessary that the area of choice is close to multiplexes, clubs, lounge bars and airports. If you have an active social life then you need to consider these things as you don’t want to travel too far in the ever increasing traffic to reach your destinations. 

In all, if you are a serious buyer who has all the information and aggressively search in the targeted area with all your requirements in mind, you will be able to land on the right property. Your dream home will no longer be a dream but will be a reality very soon!

A steady boost in housing demands - All appreciation to the latest RBI rate cut for home loans

How many of us were happy when the Reserve Bank of India (RBI) announced the rate cut on home loans? Although the rate cut was minimal, it brought about a new ray of hope to the troubled economy of our country. The real estate sector was given an opportunity to sigh a sense of relief and the common man was given a chance to reconsider the thought of buying a house. It is expected that a lot of leading banks will follow suit and cut down the interest rates for home loans.

Are you aspiring to own a house? If yes, then this is the right time to go ahead and purchase one. It is good news to people that many property consultants have seen the RBIs decision to cut key policy rates as a positive sign to encounter high demands in the real estate sector. The real estate space is on the verge of gaining back its comfort and stability in the industry. Sending out positive ideas and signals to investors worldwide, the rate cut is a policy measure that is going to play a crucial and pivotal role in the betterment of a lot of economical aspects.

Changes that can be predicted in the real estate sector

It is of course great news for each and every individual property buyer in India. The rate cuts provided for home loans by RBI is welcomed by most of the individuals in the real estate sector as well. With the relaxation of such key policy rates which has taken place after a long time span, there are certain changes and developments that can take place in the near future. Some of them are:

* The slowing Indian economy can expect to revive and see a bright future. The annual growth rate can also be expected to see slight stability.

* Home buyers have greater possibilities to get motivated and do their home purchase in the near future.

* Real estate developers and builders can hope to create a balance that was previously hindered by inflation seen in almost all industries.

* Other banks may be encouraged to reduce their own base rates which in turn can benefit a lot of home buyers and developers.

* Reduction of interest rates can automatically instill confidence to those in the real estate sector to perform better and help in the growth of the economy.

* Increase in investments proves to enhance and gradually improve the liquidity in many banking sectors in India.

* Home loan availability will become adequate in the market which can attract a lot of investors.

* A guaranteed boost for the sentiments of home buyers and creating opportunities for more real estate sector activities.

* Apart from being the sole reason for providing relief to individual home buyers, this move can help in the task of stopping the dramatic aspect of price escalation.

The last three to four quarters have seen a considerable lag with respect to home sales. The 25 basis points cut in the Repo rate by the RBI can alter this situation. Though the reduction of interest rates on home loans can differ from one bank to another, home buyers can look forward to see a positive reduction. Lots of excitement and cheer engulfs the lives of those who have dreamt to buy a home at affordable interest rates.

Pay 20% now, rest 3 years later

No matter what your housing loan requirement is, SARE Homes has a hassle-free scheme for you:

It’s every resident’s dream to buy a home in India. A new home gives the homeowner a sense of luxury, pride, and comfort. Nevertheless with the land rates creeping up at jet’s pace, it has become apparent that almost every aspiring homeowner purchases a home loan to get his or her desire fulfilled. And the idea of taking a home loan can be appealing for a range of reasons.

The triple benefits of investing in a new home 

Home loans are invaluable when your expenses exceed your annual income. When there is a narrow margin for savings, a planned home loan can be the best option to overcome deep financial crisis in the future. Primarily, investing in a new home gives homeowners three main benefits: capital appreciation, rental income, and tax benefits. While the capital appreciation and rental income are stable, the tax benefits can, to a great extent, help offset the financial burden of a housing loan.

Factors to keep in mind when purchasing a home loan
If the ascending real estate prices have brought your dreams to a pause, the housing loans can put them within your reach. But if you are already paying EMIs for your present home and want to purchase a new property, you may find yourself under double financial burden. In such a scenario, it’s very important that you take some wise decisions. 

Here are a few things you may want to keep in mind when purchasing a home loan:

Ø Loan Amount – Make sure that your monthly EMIs are within your monthly income
Ø Repayment tenure – A longer tenure increases your loan eligibility and helps pay your monthly installments quite comfortably
Ø Get insurance for your home loan – It can help repay your home loan in case of unforeseen events like death, accident or loss of job
Ø Know the hidden charges – It’s important that you ask your loan lender questions on the possible penalty charges, hidden charges and the processing charge before borrowing the loan


Attractive housing loan scheme from SARE Homes – Pay 20% now, rest 3 years later
As there are a multitude of financial institutions offering home loans at various interest rates, it’s important that you choose the one that offers the best package. SARE Homes housing loan is one scheme that has been preferred by many Indians. The realty company, in partnership with State Bank of India, offers affordable schemes under which consumers need to pay just 20% of the total cost to book their apartment at ‘Springview Heights’, Ghaziabad and don’t have to pay anything for the next 3 years.

People who wish to buy an apartment at the Springview Heights and whose loan is sanctioned by SBI are eligible for this attractive housing scheme. The scheme is such that, the home buyer has to pay 10% of the apartment’s total cost at the time of booking and pay 10% within the next 3 months. This means, if you buy a home in 2013, you don’t have to pay anything until 2016 (36 months from the time of booking). This simple payment mechanism makes it easy for home buyers to purchase their dream homes in a hassle-free manner. The quick processing fees, flexible tenures, and attractive interest rates are some of the reasons that make SARE home loans an obvious choice for savvy buyers. No matter you are self-employed or salaried or want housing loans at fixed or floating rates, the SARE Home loans are designed to suit your budget and convenience.

Pay nothing until possession, after first 20% for OMR Projects in Chennai

In association with ICICI Bank, we are offering a customer-friendly scheme.
Under this scheme, you needn't pay anything for 3 years; just 20% for booking an
apartment at our townships in OMR, Chennai called “SARE Crescent ParC OMR”.

                          


We are giving you this unique offer, so you can buy your dream house in a hassle
free manner, while trusting us for a solid commitment and timely delivery. This
offer is available for a limited period, in exclusive association with ICICI Bank.

SARE Crescent ParC:
SARE Crescent ParC OMR is a 112 acre (approximate) residential township that
offers Expandable Villas starting at 38.5 lacs. This innovative concept will enable
you to not only own land, but also have a villa constructed on it. This villa comes
with a pre-approved layout, designed to accommodate additional living space at
a later date. This way you can own a much larger home with a much lower initial
investment.

The project offers two different kinds of Expandable Villas - ‘Type A’ and ‘Type B’:

Type A Villas:

Ø These are 1297 and 1395 sq. ft. 2BHK Duplex Villas.

Ø You will have an option to choose from front-facing and garden-facing locations.

Ø There will be a provision to build a 3rd bedroom on the 2nd floor with an
attached toilet at a later date.

Type B Villas:

Ø These are 1936 and 2078 sq. ft. 3 BHK Duplex Villas with a study.

Ø You will have an option to choose from front-facing and garden-facing
locations.

Ø There will be a provision to build a 4th bedroom on the 2nd floor with an
attached toilet at a later date.


                          

One of the key features of this scheme is no price escalation on sold units, except those due to change in certain areas, if any.
The Expandable Villas project has been developed giving utmost importance to your lifestyle, and to maximise the value of your investment. Every villa is Vaastu- compliant and boasts of spaciously designed rooms that attract plenty of sunlight.

Special features included in the design are:

• Security grills
• Master bedroom with balcony
• Privacy-design for all bedrooms
• Spacious kitchen with storage

The township enjoys uninterrupted power supply, round-the-clock security, children’s playgrounds, high-quality fixtures and several modern amenities. The highlight of this township is an exclusive 20,000 sq. ft. clubhouse with a swimming pool and a gymnasium.

SARE Crescent ParC OMR offers a truly global lifestyle, surrounded by lush green environment. This prime property is strategically located in the region of OMR, between the highway on East Coast Road and the IT Corridor of Old Mahabalipuram Road. It's just a 14-minute drive from Asia’s largest IT park, SIPCOT. Moreover, the township is in close proximity to Siruseri where schools, higher educational institutions and local convenience-shopping will be easily accessible. This would be via the proposed Chennai metro touching the township, linking it to the city via Thiruporur.

Pay nothing until possession, after first 20% for GST Projects in Chennai

Are you planning to buy a new home? Well, the idea of moving to a new home can be exciting, but you need to ensure that you purchase a home for the future and not just for the present. If you think from a long term perspective, there are some interesting options – flats, apartments, villas, bungalows and so on. Among these, Expandable Villas are being preferred by most homeowners for some obvious reasons. The expandable option is one of the key aspects of investing in Villas. Before we go any further, let us get to know what Villas are about.

A Villa is an independent or a standalone home that may or may not have a compound wall. Contrastingly, a flat or an apartment is just a small house in a building with limited rooms and facilities. A villa consists of up to eight rooms with extra provision for additional space in the living room, dining room, verandah etc. Some villas even have recreations rooms. Modern villas also have gyms, swimming pools, 24/7 security etc. Most home buyers prefer villas over apartments because they give the owner an extra piece of land which is easy for future expansions for a growing family.

While the flats and apartments are limited in terms of space and conveniences, the expandable villas offer a range of conveniences to home buyers.


Here are some of the glaring aspects of owning a villa: 

It’s your own land – You have the pride of owning a land. The extra space gives makes it ideal for cool family chit-chats in the evenings


Expandable option – You can expand your villa as your family grows. The extra space maximizes your freedom and helps avoid congestion in the home


A pre-approved layout – You can plan your layout before building it, so your villa will be designed as per your own conveniences

So, buying a Villa would be a great investment for the future as you can customize your home as per your needs and conveniences.


If you are looking for affordable villas, then you may check out the villas offered by SARE Homes (South Asian Real Estate). One of India’s leading real estate companies, SARE Homes has sold more than 4500 homes all over India including 400+ ‘Expandable Villas’ spread across several acres.

The ‘Expandable Villas’ offered by SARE Homes integrate community living with luxurious residencies. The luxurious homes coupled with a range of facilities that includes swimming pools, gyms, parks etc. let the residents live in an international environment. Furthermore the location of the townships which lies in close proximity to the city’s major hospitals, schools, colleges, shopping malls, restaurants, railway stations, airports, and bus stands fulfills all the essential needs of the residents.

The 2BHK and 3BHK Villas that come in pre-approved layouts are preferred by most Indian home buyers. Both these villas offer easy expansion options of the rooms and terrace to homeowners. The 2BHK villas are equipped with all the modern facilities including spacious living rooms in the ground floor. The 3BHK villas offer more luxury and convenience to the homeowners in the form of a spacious living room, parking space, a master bedroom in the ground floor, children’s bedroom in the first floor, kitchen, and a ground-floor guest room. SARE Homes let you choose from 2 main villa options: Front facing expandable villas or Garden facing expandable villas.

Expandable Villas – A great investment for the future

Are you planning to buy a new home? Well, the idea of moving to a new home can be exciting, but you need to ensure that you purchase a home for the future and not just for the present. If you think from a long term perspective, there are some interesting options – flats, apartments, villas, bungalows and so on. Among these, Expandable Villas are being preferred by most homeowners for some obvious reasons. The expandable option is one of the key aspects of investing in Villas. Before we go any further, let us get to know what Villas are about.

A Villa is an independent or a standalone home that may or may not have a compound wall. Contrastingly, a flat or an apartment is just a small house in a building with limited rooms and facilities. A villa consists of up to eight rooms with extra provision for additional space in the living room, dining room, verandah etc. Some villas even have recreations rooms. Modern villas also have gyms, swimming pools, 24/7 security etc. Most home buyers prefer villas over apartments because they give the owner an extra piece of land which is easy for future expansions for a growing family.

While the flats and apartments are limited in terms of space and conveniences, the expandable villas offer a range of conveniences to home buyers.


Here are some of the glaring aspects of owning a villa: 

It’s your own land – You have the pride of owning a land. The extra space gives makes it ideal for cool family chit-chats in the evenings


Expandable option – You can expand your villa as your family grows. The extra space maximizes your freedom and helps avoid congestion in the home


A pre-approved layout – You can plan your layout before building it, so your villa will be designed as per your own conveniences

So, buying a Villa would be a great investment for the future as you can customize your home as per your needs and conveniences.


If you are looking for affordable villas, then you may check out the villas offered by SARE Homes (South Asian Real Estate). One of India’s leading real estate companies, SARE Homes has sold more than 4500 homes all over India including 400+ ‘Expandable Villas’ spread across several acres.

The ‘Expandable Villas’ offered by SARE Homes integrate community living with luxurious residencies. The luxurious homes coupled with a range of facilities that includes swimming pools, gyms, parks etc. let the residents live in an international environment. Furthermore the location of the townships which lies in close proximity to the city’s major hospitals, schools, colleges, shopping malls, restaurants, railway stations, airports, and bus stands fulfills all the essential needs of the residents.

The 2BHK and 3BHK Villas that come in pre-approved layouts are preferred by most Indian home buyers. Both these villas offer easy expansion options of the rooms and terrace to homeowners. The 2BHK villas are equipped with all the modern facilities including spacious living rooms in the ground floor. The 3BHK villas offer more luxury and convenience to the homeowners in the form of a spacious living room, parking space, a master bedroom in the ground floor, children’s bedroom in the first floor, kitchen, and a ground-floor guest room. SARE Homes let you choose from 2 main villa options: Front facing expandable villas or Garden facing expandable villas.

“This is an innovative concept being promoted by SARE. These villas have been designed to enable the homeowner to add additional living space at a later date. The layouts are pre-approved to ease this expansion. This enables the homeowner to initially buy, say a two bedroom house with a lower initial investment, and later expand into a third bedroom at his/her convenience. This enables the homeowner to eventually own a much larger home with a much lower initial investment”

Pay nothing for 3 years, after the first 20% at Springview Heights, NH-24, Ghaziabad

In association with State Bank of India, we are offering a customer-friendly scheme. Under this scheme, you needn't pay anything for 3 years; just 20% for booking an apartment at ‘Springview Heights’ - our new launch at an aspirational 88.35-acre-township at NH24, Ghaziabad.

In order to celebrate this exciting scheme, we are organising a grand lunch on Christmas, for which everyone is invited, including existing residents of the Ghaziabad township. And yes, Santa will definitely be there to give out gifts to all the children.


If you wish to buy a home at Springview Heights and if your loan has been approved by the State Bank of India, you are eligible for this unique scheme. The idea of offering such an easy payment mechanism is to facilitate you to own your dream home in a hassle-free manner with our commitment of timely delivery.


As per the basic details of the scheme, you need to pay only 10 per cent of the total cost of the apartment at the time of booking, while the remaining 10 per cent can be paid within 90 days of the first payment. You need not pay anything beyond this for the next three years, that's until 2016, at the time of possession.

About Springview Heights: 

It's spread across an 88.35-acre integrated township called SARE Crescent Parc on NH-24 in Ghaziabad. Its unique features include 6 towers with each tower having its own club. There's also a common club and a central park on a 10-feet-high beautifully-landscaped elevated podium, complete with a Sky Lounge Terrace and entertainment features - a first-of-its-kind indulgent experience!

What we're about

We cater to the aspirations of the middle income group by offering quality, community housing at strategically identified locations across India. We have invested in 7 integrated projects in major cities in India - Gurgaon, Ghaziabad, Navi Mumbai, Chennai, Amritsar and Indore. These represent approximately 39.8 million sq. ft. of develop-able area. We are in a high-growth mode and aim to double our area under development within the next three years.

For more details on Springview Heights, click here 

What can I get at Springview Heights?

Springview Heights is a GDA-approved township at an advanced stage of construction and habitation. Families live happily in Phase-1, with phase-2 expected to be ready-for-possession soon. What's more... construction is on in full swing at phase-3. And the icing on the cake is that leading facility management company, Jones Lang LaSalle (JLL), has been appointed to manage the project.

Our latest offer 
It ensures you needn't pay anything for 3 years; all you pay is just 20% for booking an apartment at ‘Springview Heights’ - our new launch at an aspirational 88.35-acre-township at NH24, Ghaziabad. Commenting on this offer, Mr. David Walker, Executive Director, SARE Homes says, “As a customer-centric company, SARE Homes always scouts for opportunities to make home buying easy and hassle-free. The present scheme in association with the country’s largest bank, the State Bank of India, will further facilitate home buying for a large number of customers.”

Connectivity
The township is close to the upcoming Delhi-NCR Line Metro station and is well connected to national highways - NH24 and NH91. It's also in close proximity to Rajnagar and Kavinagar as well as malls, restaurants, petrol pumps, schools, colleges, hospitals, police station, post office, banks, Ghaziabad Railway Station, ISBT etc. It is situated off the busy highway, thus keeping you away from pollution related hazards.

Highlights
Springview Heights is a beautifully-landscaped centrally-located elevated podium. It's 10 feet above ground level, fully secure and away from the internal vehicle driveway. It's packed with sports and recreation facilities like cricket pitch, skating rink, lawn tennis court, badminton court, jogging track, children’s play area with sand pits, dedicated senior citizen's area and beautifully-landscaped theme park with cosy sit-outs.

Safety precautions
Springview Heights is an earthquake resistant structure and is also proposed to be a Green Certified Building (by Indian Green Building Council - IGBC). Each tower has 2 spacious lifts and wide staircases. With a wide internal driveway for easy vehicle movement and elegant entrance gate, the project is on par with international standards. It also offers multiple car parking options – in basement/ under podium/ at stilt & surface level. The project offers fire fighting arrangements and well planned fire tender movement within the premises.

Space optimisation
The 6 towers will comprise spacious 2BHK & 3BHK apartments designed by leading architect C P Kukreja. They offer spacious balconies, cupboard space in every bedroom, storage space lofts and adequate privacy. The rooms are spaciously designed to attract plenty of sunlight along with being well ventilated.

The club houses above each tower offer yoga and meditation centres, indoor games room, a gymnasium, internet station and a large screen for viewing movies.

Also on offer is a splendid Sky Lounge, situated 150 ft. above the ground with a kid’s splash pool, putting greens, cosy sit-outs, area designed for party / get-together, viewing deck and a dry pantry.

In addition, the residents will also have access to approximately 25,000 sq. ft. main club-house located opposite the main entrance offering similar facilities in addition to the multi-purpose hall and banqueting facilities with open party lawns.

Now isn't this your dream come true?