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”