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Why Real Estate is a Golden Investments

Buyers and Investors are always preferred real estate investment in front of investment in gold or any other forms of investments. Though gold has been in demand in every situation but one cannot be neglected. Real estate agent in Mumbai, Thane and Navi Mumbai also help you in finding your dream home. Investment in real estate which could be in residential, commercial or in land. Buyers approach towards real estate investment in Mumbai, Navi Mumbai & Thane increasing due to many infrastructure and job hubs are arriving in these locations.

Key Touchpoints:

Ø  Locations to choose from

Ø  Investment Opportunity

Ø  Return on Investments

Ø  Appreciations & Growth

Ø  Maximum Profit in Minimum Time

 Why People Prefers Investment In Real Estate?

>>Safe Investment<<

Investment in real estate always gives best returns ranging from 8-12% as compared to equities, bonds and other investment instruments.

>>Stable Income Returns<<

Any property investments provides you stable and flexible source of income. You can also rent your property and can be earned double income. When property is on renting period you will be earned regular rent and after few years gone it may give you better return on investments which are always higher than your actual invested amount.

>>Investment Portfolio<<

An Investment in real estate is important when you see your investment bucket list. Many fund managers suggests you should opt your listings including real estate investment which lowers your volatility and increases returns and reduces risk also.

 >>Source of Income<<

Buyers or investors can earn in terms of source of revenue after investing in land, commercial, residential real estate. Investment in real estate is treated as one of the safest investment. People are also buying the properties or second destination homes only for the purpose of generation income from it.

>>Taxation Relief<<

Certain income tax rules provides rebate under Sec 80 C on repayment of loan up to INR 1 Lac 50 Thousand. Moreover 24b, 80E and 80EE also provide deductions and relief while buying the homes.

>>Change in Interest Rates<<

Initially people were not buying their homes due to high rate of interest charged by Banks and other financial institutions. Rate of interest on loan was ranging from 12%-18% certain intuitions were charging 20% plus. After change in government policies, RBI also has reduced interest rates on home loans which is ranging between 6%-9% which help to encourage home buyers to buy their homes and at the same time such activities are contributing in countries growth and increase in revenue.

>>Investment with Small amount<<

Many developers and builders are giving schemes benefits like Subvention Plan, Term wise Pay Plan, CLP and other benefits. Such activities also creating positive rays in home buyers mind that they need not to pay big amount and wait for long period to get the possession of their properties.

Bottom Line:

Current situation is best situation with golden opportunity to buy your home or any property which could be residential, commercial or land investment. Concessional rates with payment duration options help buyers to invest now and get more benefits later. Upcoming infrastructure development like Bullet train route, Network of metro route connections, Coastal and water ways, constructions of flyovers and bridges, Work stations, Construction of airports also increases value of such particular locations and many buyers take advantage from it and they get benefited in long run.

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Which Real Estate Location You Should Prefer for Your Dream Home or Office

Which Real Estate Location You Should Prefer for Your Dream Home or Office

Buying the property is easy and not that much difficult as compare to previous. There are many residential and commercial projects ongoing in the locations like Mumbai, Navi Mumbai and Thane. Residential projects in Thane, Mumbai and Navi Mumbai has more demands as compare to other metro and smart cities as Mumbai is an economic capital of India where most of the business are coming and setting up on large volume and same case applies for Thane and Navi Mumbai also.

TOUCH POINTS:

Whenever you want to search your property prepare your agenda with your plan and questions accordingly as certain been discussed as under.

Are these locations good for investment?

What are the ongoing property rates in these regions?

What are the growth prospects for work environment?

What are the best infrastructure facilities available?

 1. Mumbai, Navi Mumbai & Thane - Growth Story

Nearly 2 decades ago, real estate developers started to build and construct the property beyond Mumbai for commercial, industrial and residential. Later on Thane made most of the eye catching development. And very soon, everyone wanted to be the part of rising Thane for residential & commercial development. Today, it is well known for India’s Smart City.

Navi Mumbai came into the limelight after not only the announcement of the Maharashtra IT/ITes policy but also development of upcoming new international airport. Many big giant investors and corporate are attracted to leave Mumbai and invest in Navi Mumbai which known as future of work stations. And mainly popular for one of India’s first planned cities.

Thane is a nearest to the Mumbai and part of Metropolitan Region.

Navi Mumbai is planned by CIDCO.

Mumbai, the capital city of Maharashtra is developed and maintain by the Bombay Municipal Corporation is the governing civic body of Mumbai, the capital city of Maharashtra.

2. The connectivity quotient

As far as connectivity is concern, Navi Mumbai, Mumbai & Thane has easily access and fast connectivity through metro, local train network and constructed flyovers. Inaddition, the Eastern Highway connects Thane to South Mumbai and Navi Mumbai. For improving accessibility in Mumbai, Thane and Navi Mumbai cities, there are a many projects going on towards execution and using badge as WIP. Such projects include Coastal road, Metro Route, Katai Airoli Tunnel, Trans-Harbor-Link Road, Constructions of New International Airport, Thane Borivali Tunnel.

 3. The cost factor

Investment in Real estate’s residential and commercial properties in Navi Mumbai is comparatively lesser than Thane and Mumbai.

For example, you might get a standard 2BHK flat in Navi Mumbai for costing Rs 50 Lacs while a similar apartment in Thane would cost about Rs 80 Lacs. However, in Thane, if you go and search areas like Kalher, Kalyan and Dombivli, you can get a property at lower price.

 A) Advantages of investing in Thane

With surroundings of hills, mountains and lakes, nature has given gifts to Thane. Since last few years Thane has seen huge developments. It is one of best and promising destination to own a home in commuters wants to travel in Mumbai or Navi Mumbai.

1. Thane is first choice for many big developers to have their residential and commercial projects.

2. With upcoming Metro Routes, Water ways road, are set to connect Mumbai and Navi Mumbai from Thane

3. Roads in Thane are wide and they are well maintained and clean.

4. Thane is not only growing for residential projects but it has also more demand for commercial

5. School, Colleges, Retail, Malls, Banks, Job hubs, Multiplexes and Tourist spots like Upvan and Yevoor are located in Thane therefore it is always preferable to livable place.

B) Advantages of investing in Navi Mumbai

A city with widen road, well planned then first picture comes as Navi Mumbai. Navi Mumbai has great potential of real estate for residential, commercial and industrial demand as compare to Thane and Mumbai.

1. From Navi Mumbai you can reach to Thane and Mumbai as it has wide rail network

2. After announcement of International airport in Navi Mumbai then prices started rising which is good sign for the investors

3. Many corporate have their offices in Navi Mumbai like L&T, Accenture, Capgemini, IBM, Siemens, Relianace

C) Advantages of investing in Mumbai

1. Many commuters travelled from Thane and Navi Mumbai to Mumbai for the Purpose of work and education.

 2. Most of the big giant investors and real estate developers prefers Mumbai- A city of Dream to cons trust their residential and commercial properties in Mumbai

3. Mumbai is known as Metropolitan city which caters to many states and people coming from such states.

4. Mumbai has well planned Metro-Rail-Airport accessibility which provide many opportunities.

Bottom Line:

One should not be missed any deal or offering from real estate developers from such locations. Now a day’s prices of commercial and residential properties are almost within the control where anyone can think to buy his dream home or commercial properties. Government also encouraging buyers to buy home or offices. Financial institutions are also providing low interest rates on borrowing loan and helping in property buying in Navi Mumbai, Thane and Mumbai.

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Why Budgeted Homes Are In More Demand in Real Estate Market

Every individual always think about dreams and one of the most important dreams is to own a home which ranks top on bucket list. Searching for your home in the locations such as Navi Mumbai, Thane & Mumbai’s real estate market gives not only connectivity but gains you in long run. Since your aim is not to buy and keep as it is but it should be useful to stay with happy moments where you can stay for the future.

Key Touchpoint:

>> Scheme for Housing For All

>> Monetary benefits up to 2.67 lacs under PMAY

>> Safeguards the Rights for the Home Buyers

>> Educate home buyers about different policies and benefits in home buying process

1. Features & Specification:

Welcome! On searching for way to your dream home. Every buyer has its own and different thought process when they search for their dream homes. Some of them could go for 1, 2 or 3 bhks and some of can go for an independent house or bungalows.

As many builders coming with different policies and different architecture plans which would be benefited for those buyers who are searching with such features and specification, as you should always keep things in mind that it’s your first time investment into your dream home account.

2. Neighboring area:

Whenever you want to search your real estate home from locations like Navi Mumbai, Thane and Mumbai which are known as golden economic triangle where most of the infrastructure developments, big residential and commercial projects are constructing on large volume. In this locality there are many opportunities knocking your dream homes door in the form of Play, Live and work and Factors like connectivity and proximity to the railway station, airport and shopping malls.

3. Location size:

Smart buyers always give preference to size of the location mainly is there any to and from commute problems, Walk to everything is available or not etc. just to keep their life safe and should not face any unavoidable circumstances at later stage.

Location size also maters when thought comes in mind about kids play area, senior citizen park, recreations facilities are available within the size of the locations. Discuss all these points with developer while negotiating and finalizing your all time favorite dream home.

4. The age of a property:

Buyers now prefers to invest in residential real estate due to it feature of affordable segment availability. Investing In such products not only to keep you and your family in comfort but provides appreciation with no cost maintenance as compare to old age property.

New age property has lucrative ways with flexi pay options where buyer get time to arrange their fund and pay later as easy EMI payment options after possession. So rather investing huge money at a time buyers using SIP tricks in residential real estate market

5. The right amount of space:

Ensure that finding your dream home with figuring out how much actual space is required. Buying a home with small space or large space can cost you if it not full fill your family members requirements. Check all the points like Do you have sufficient size of bedrooms? Storage facilities available or not? Considering your current living situations.

All these points will come handy while deciding to purchase of your dream homes.

6. The potential for future projects:

Now a day’s many home buyers vastu compliant homes which give them good luck and prosperity so necessary changes require before start living in that Flats. Some prefers adjustment in kitchen, bathroom and others prefer changes to get view like natural beauty of lakes, waterfront, sky view, garden facing etc.

7. Affordable Payment:

Its always been seen that may first home buyers dropped their home buying plan due to high rise in home price. But now a days there are many developer are coming out and providing homes at the cost of more than 20 lacs+ to less than fifty lacs which are quite affordable to those who are seeking their first dream home.

  8. Comfortable with cost:

Go and get it with better pay options avail by builder on selling flats. Every buyer should have planned before confirming his home with payments terms and conditions otherwise he could be faced serious situations while clearing payment for the purchased homes.

Banks and various financial institutions also provide funding and low rate of interests.

The bottom line

Before moving ahead with the decision of purchasing budget residence, one should always search for upcoming projects and developments in that particular area. Every buyer and individual deserves to find dream home. With analysis and different strategies it is possible now. Government also encouraging such home buyers to own their dream home and enjoy their life with family without any further delay.

[houseseekers]

Why best time to invest in Real Estate is now

Post corona virus pandemic, real estate has once again emerging as one of the safest investment option. As far as Indians is concerned, owning a home has been considered a point of prestige as well as security. The sector has been in the gloomy from the last few years due to high trend in Equity markets buyers and investors giving most priority to Equity and commodity markets to safeguards their funds. Real estate investment is a great deal especially when people prefer real estate in Mumbai, Thane and Navi Mumbai locations which provides affordable home segment under Indian government scheme of “Housing for All”. As shifting gears from WFO to WFH concepts many people includes buyers or first owners started searching RTMI properties to keep their families and loved ones into safe zones.

There are many kinds of reasons why you might want to invest in real estate even some you have never considered.

Key Touchpoints

>> Low Rate of Interest @ 6%-8%

>> Liberty to Pay Plans

>> Availability of Affordable Housing Segment

>> Enforcement of RERA act enable builders to complete and deliver the project on time without delay

>> Subsidies given by government under scheme of PMAY

 1. High tangible asset

Investing in real estate has always monetary value. Tangible assets means physical things which are money worth like, Land, Property and equipments. Comparing to investing in stocks, if the market crashes, it is possible that something you paid INR 5000 for could suddenly be worth INR 50. With real estate your investment will always to protect you with your investment you put-in.��

 2.     Better Value appreciation

Investment in real estate always appreciates in value over the period of time.

One who purchases land or property in the era of 1980’s those are becoming billionaire as Real estate will be part of their legacy to their dependants also.

 3. Opportunity to increase value

One has liberty that they can make renovation or improvement as per their requirements in terms of amenities like Pool, Garden, Kitchen, Study room or for bath. You can later on either rent it out or sell it at the higher cost than actual you paid for it.

4. Build equity

When you invest in actual residential real estate property, your equity from that home should increase as longer you own it. Moreover, the value of the property appreciates in long run, the house becomes worth more which adding to your equity.

5. Offers better returns than stock market.

Real estate always gives you better returns as Real estate has been appreciating at 10% to 15% a year. Compare that to a money market investment of 2% or 5% as opposite to it real estate offers a much better return in long run due to its feature of tangible assets.

6. Advantage to beat inflation

Though inflation affects on every investment, still real estate is an investment that is always in demand and on high priority list when question comes about investment in real estate and maintains its monetary power. Real estate doesn’t have much correlation with stocks or corporate profitability.

7. Way to save for retirement.

Once you pay off all your outstanding dues which were pending from long period then building income as source of income from such residential or commercial properties would be easy which automatically takes care during your retirements.

8. Fast results

Irrespective of what type of your investment is or what is the level of investment, you can start gaining returns almost suddenly.

 9. Helps you to build your dream home

If you are unable to find the way in creating or building your own assets then investing small amount on monthly or yearly basis could lead you to reach at your dream house. Moreover now a day’s builders are providing flexibility in payment terms, banks has reduced interest rates on load so all the conditions are favorable in buying dream home.

Bottom Line

Financial security is every one’s prime concern and always comes first in mind. It is better time at the moment to invest in real estate markets which not at its peak rate. Real estate has always been provided better income source over the period of time so one should not be neglected it if your are first time buyer or investors.

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5 Smart ways to invest in Commercial & Residential Real estate

5 Smart ways to invest in Commercial & Residential Real estate

Now a day’s buyers and investors using SIP strategy to get most of the benefits from such investment which help them to save bigger amount as against of investing small amount. Buying and owning commercial and residential real estate in Thane, Mumbai and Navi Mumbai is a master plan of investment and can be satisfying and lucrative in long run. 

While a traditional form normally requires a 15% to 25% down payment, in some cases 5% down payment is all it takes to help in buying an entire property. Which are win-win situations for both the parties i.e. buyers and landlords where buyer saves huge fund by paying small token.

KEY TOUCH POINTS

Usually real estate owners can buy a property by paying a portion of its total cost upfront and then paying off the remaining amount over time.

One of the primary direction in which investors can make money in real estate is to become a owner of a rental property.

Investors can become landlord by investing in undervalued property and can gain profit by giving the same property on rental basis.

Smart investors invest like pro by using SIP strategy keeping eyes for long term capital gain in long run.

1.   Rental Properties

Buying a property and generate source of income by giving in on rent basis later on is important factor in generating the revenue where individuals need skills like do-it-yourself and renovation and patience to manage tenants is an addition.

 Pros

·        It generates regular income and properties can appreciate in long run

·        Maximizes capital gain through leverage

·        One can enjoy tax-deductions associated with income and expenses incurred

Cons

·        Sometimes can be stressful in managing tenants

·        Chances of property getting damaged from tenants

·        Reduction in  income if property gets vacant for long duration

2.   House Flipping  

              House flipping is for people with vital experience in real estate marketing, costing and renovation. House flipping requires funds and to look after repairs as needed. There is another form of flipper who makes money by buying low priced properties and adding value on it by renovating the same. This could be a longer-term investment, where investors can afford to take one or two properties at the same time.

          Pros

·        Ties up capital not for a longer time period

·        It Can offer quick returns on investment

          Cons

·         Requires in-depth market knowledge and analysis

·         It can be now and then option

 3. Online Real Estate Platforms

            Digital world entering into real estate investing platforms are for those that want to join others in investing in a bigger commercial or residential transactions. The investment is done via online real estate verticals which are also known as real estate crowd funding.

            Pros

·         Option to invest in single projects or portfolio of projects

·         Opportunity as Geographic diversification

            Cons

·         Fund can struck with lock-in periods ·         Management charges

  4.  Value your investments like a business

              Investing in real estate is a business likewise other business requires management, funds, planning, strategy and execution. Those who neglect this fact suffer to struggle.

              Pros

·         Option to invest in small capital to raise high fund in long run

·         Long run appreciation and provides return on investment

·         Generates source of revenue with tax benefits

             Cons

·         Risk factor involved due to policy undertake from government

·         Requires huge amount

·         Delayed in project deliver

 5. Know your tax laws

              Different government policies are encouraging investors and buyers to invest and raised their fund in the form of return on investment as various tax laws also helping in getting benefits.

             Pros

·         Various Tax sections finds suitable and in the favor of buyer and investor

·         Tax can be saved with certain sections under 80 C

             Cons

·         Limitations to invest in real estate

·         Restrictions on huge investment

 The Bottom Line

It is always advisable to invest or purchase commercial or residential real estate now instead of later. Government taking positive footsteps to encourage buyers by providing them subsidies in payment plan. Builder and developers also providing flexi pay plans with subvention schemes which all are beneficial to first time buyers or investor who seeking to invest in real estate. RBI policies also helping bank to lose hands while charging low rate of interest.

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Top Most Reasons That Makes Real Estate A Better Investment

Top Most Reasons That Makes Real Estate A Better Investment

If you’re thinking about investment in real estate? Then you’re on the right platform at the moment. There are uncounted benefits of investing in real estate.

Here are best reasons why real estate in Mumbai, Thane and Navi Mumbai at its peak rate and why such locations are most preferred and considered as better investment. Every step as you chosen not only gains but also investors or buyers can enjoy cash flow, Long term appreciation, Tax benefits, Fund diversification, Return on Investments, Control over risk which helps in building wealth creation.  

KEY TOUCHPOINTS:

> Real estate from locations like Mumbai, Thane & Navi Mumbai, Buyers or     investors earns through, appreciation, rental income and return on investment generated on business transactions that depend on types of property.

> Other financial institutions are encouraging many investors and property buyers by providing low rate of interests on loan borrowing as reduced by RBI and as per governments policies

> Central and State governments are providing various subsidies to encourage under scheme of Housing-For-All.

 Cash Flow

Cash flow is an important net net income generated from real estate investment, deductions after mortgage pay and operating expenses. A major benefit of real estate investment is its ability to generate cash flow and such cash flows helps to build up your equity.

 Tax Breaks and Deductions

Real estate investors can enjoy advantage of various tax breaks and deductions that can save money during taxation time. As normally you can deduct the reasonable costs of owning, operating, and managing a property which boost in reducing an extra costing burden.

Appreciation

Real estate buyers make gains through rental income, profits generated by sale of property or business activity and long term appreciation. Real estate helps in wealth creation which increases over time and with good investment. Rents form property also rise over the time, which could lead to higher cash flow.

Competitive Risk-Adjusted Returns

Returns from Real estate differs depending on factors like location, asset type, and government policies. Many investors aim for to beat the average returns.  The average annual return from last 50 years is ranging from 10-15%.

Key Takeaway

 1.      Connectivity

Presence of the metro rail network across cities and its proximity to make it easy to reach any part of Mumbai from Thane and Navi Mumbai and vice versa. Moreover, it is also nearest to the international airport. One such residential property or commercial which enjoys excellent with immaculate connectivity due to its proximity to metro, railway stations, flyovers and highways in addition to upcoming coastal and waterways roads.

2.      Employment Hubs

These localities (Mumbai, Thane & Navi Mumbai) are witnessing an increase in population in recent years, owing to its proximity to various employment hubs. These include –

·         Bandra-Kurla Complex (BKC)

·         IT Parks

·         Warehouse Hubs

·         Film and Media studios like Balaji Telefilms, Yashraj, Sony Entertainment, TV Channels and  Stock markets

3.      Quality of Life

Once again these Tier-1 cities provide all world class ultra modern amenities to Live, Play & Work. International Schools like Singhania, Hiranandani, Shri Ram, Lodha World Schools, Colleges like Muchhala, D Y Patil, with Hospitals like Jupiter, Kokilaben, TATA, Reliance, In addition to shopping centers like Experia Mall, Inorbit, Raghuleela, Korum, Viviana, R Mall, 5 Star world class hotels chain like The Leela, ITC Maratha, Hyatt & Courtyard, Holiday inn, Satkar, Utsav, with Picnic and Weekend Realx Spots like Yeoor, Upvan, Gaimukh adding feathers in cities growth.

4.      Best property prices & ROI

Well known corporate hub of the city, the property prices are always on increasing trend. Purchasing property ranges from Rs 45 Lacs to almost 5 crores in such locality.

5.      Upcoming Infrastructure

According to the new development plan, with large plots and recreational grounds, thus paving the way for more infrastructural developments such as Flyovers, Metro Rails Network, Bullet train routes, Coastal and Water ways routes, Multi corridors roads which will help in boosting price rise in this locations in coming times.

 The Bottom Line

Though there and benefits in investing real estate but there are drawbacks as well in form of risk taking ability on investment, so it’s advisable to search your own instead approach for a well experienced real estate agency or property consultant who can put their manpower behind you in searching your right property at right time.

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Tricks & Techniques: It is Necessary to Buy Your Residential Property Now

Tricks & Techniques: It is Necessary to Buy Your Residential Property Now

Now a day’s though investment in residential real estate is not in large numbers but upcoming future looks promising. The housing sector expected real estate vertical will move forward between mid 2022 to 2025-26. It is always assume that to buy your residential property from well known real estate agent or developer and in the current situation considering all ups and down one should have to search for the best property option to protect their investment.

Here are main facts that why it is necessary to invest in residential real estate during the new normal phase.

Priority on Security:

Though there are uncertainties all around, buyers now thinking a sense of security. Many people were investing as investment point of view in such properties which considered best investment in current scenario.  People are also giving priorities for work from home concept which gaining more response and Individual safety.

 Asset Performance:  

In these critical times when situations are unpredictable, Investments in residential real estate is considering all time favorite and safest investments which not only give stability but appreciation in long run. People are not taking the risk while investing money in volatile investment options.

 Availability of Attractive Offers:

By offering exciting payment schemes and flexible payment options to make home buyers to invest in their dream homes comfortable and hassle free. A combo pack of exciting offers with lower interest rates would make investment in residential real estate beneficial & profitable.

Low Home Loan Rates: 

Most of the properties prices have remains stagnant in last 7-8 years pan India. Making affordable to reach home buyers. As current market conditions are boosting home buyers to invest in residential properties due to low interest rate which comes at all time low as compare to before. A decrease in home loan interest rates ranging from 7.5% to 8.5% post COVID is also favorable move towards end-users to buy their dream home. Moreover, Reserve Bank of India also comes up with reduction in REPO rate which makes home loans less expensive.

 Growth in Value: 

It is well known fact that investment in residential real estate always gives good returns as opposite of the invested amount. There are such other cases where hardly home buyers get loss on investment. People are also attracted towards affordable home segments concept introduced by builders and developers.

 Enforcement of RERA Act:

After enforcement of Real Estate Regulatory Authority act many developers and builders closing their project on time and delivering to end user on time. Such type of acts now helpful to end user when they are investing their hard earn saving into residential properties.

Conclusion:

Now governments are playing important role, both Central and State government are working hand-in-hand together to give relaxation where they are providing concessions to home buyers under the policy of “Housing For All” such as PMAY Subsidy. State government has reduced Stamp duty from 6% to 3% during Pandemic. So before real estate sector cross the line on higher side it’s advisable to invest with some down payment for owning your all time dream home and enjoys the benefits.

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Benefits and Risks in Investing Commercial & Residential Real Estate

Understand the pros & cons of investing in Commercial and Residential Real Estate.

Investing in commercial or residential real estate is not as difficult as it may looks. Any property, it could be commercial or residential which always is a good investment opportunity. As far as your hard money is concerned commercial properties offer more financial gain as compared to residential properties, like rental apartments or pent house, villas, Duplex houses sometimes there also can be more risks. Point of discussion here is to understand the whole concept of the pros & cons investing in Commercial and Residential Real Estate.

What are the types of commercial property-----

Commercial properties may refer to:

Office Buildings

Warehouses

Industrial Buildings

Retail Buildings

Commercial Space

 What are the types of residential property------

Here residential properties refer to:

Apartments

Villas

Row House

Bungalow

Penthouses

Residential Buildings

Residential Towers

 Let’s discuss here about some of the pros of buying commercial real estate over residential property.

1) Returns on Investment------ One of the biggest profitable reasons to invest in commercial are mainly related to earning potential. Commercial properties generally provides an annual return off the purchase price between 7% and 15%, depending on the area and which is a much higher as compare to your invested amount.

Residential investment which ranges between 1% to 4% normally at best.

 2) Professional correlation------- Owners who runs small scale business usually take pride and want to protect their daily earnings as livelihood. Owners of commercial properties are not individuals and operate business from property. Therefore the landlord and tenant have more B2B relationships which help them to keep communications transparent and professional.

3) Location, location------ Never forget about the location for your commercial and residential investment. Location is everything and has to be top of the list. Commercial properties provide returns by two ways

1) Rent & 2) Capital appreciation and both are mainly dependent on the location. A high location gives heavy appreciation in long run.

5) Limited hours of operation------ Now days many such cases businesses usually go home at night mean in other form, you work when they work. Therefore, most of the amenities offered at the work places in the form of coffee, refreshment facilities, fire alarm or any other kind of emergency alarm so these types of facilities help to commercial properties where you will have an alarm monitoring service if anything happens at night, your alarm company will notify the proper authorities.

When such situation arises then administration team who handles such problems takes care as now a day’s many developer provides 4 tier securities in their townships.

6) More flexibility in lease terms------ Commercial lease strictures are different from residential ones.  They are structured as 9-yearS or 15-years lease with escalations every 3 years or 5 years. Sometimes they are also one-sided. Commercial lease structure comes with long term and residential with short term.  Landlord and tenant both have to keep in mind rules and regulations specified regarding lease agreement and should be followed to avoid any wrong practices. In general, the longer the lock-in, the better it is for the investor.

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Hi-5 Reasons to Seek the Services of Real Estate Agent Expert to Buy a Property

If you are looking to own your dream house or commercial space to run your dream project as a business in Mumbai, Navi Mumbai and Thane then hiring an experienced real estate agency will help you to confirm your best deal at the right time with all the necessary formalities which is required to be completed before, during and after while searching your house or commercial space and saves your time and gain you economically. Here, House Seekers, one of the top real estate agency in thane, plays an essential role. So such real estate agency having experienced manpower which put all their possible efforts in finding your dream place at prime location. It is always advisable to choose one that will best suits and cater your needs.

Mumbai, Navi Mumbai & Thane are one of the most favorites and happening places. Upcoming Metro Route, Coastal roads, Business Corridors, Constructions of New International Airport and  Samrudhi Mahamarg all these upcoming infrastructure developments will be leading into smart cities and  these are the main factors where demand for residential and commercial properties are increasing day-by-day.

Before you finalize your decision it is important to research and consider few points, which are as follows------

1)    Check your budget which will help you to finalize the perfect kind of property.

2)     Select the location where you want to buy residential or Commercial property

3)    Do you want to take the real estate services from the agency or agent?

4)    How fast do you want to buy the property?

5)    What are the growth aspects?

 Here we are mentioning some of the advantages which you may get after hiring a real estate agency.

1)    Negotiation Skills :-

Real estate agency which has manpower that acquired professional skills and result oriented approach which helps you in confirming the spot transaction. If you want to own a property in locations like Mumbai, Navi Mumbai or Thane then efficient negotiation tricks from real estate agent will be helpful and they have better closure knowledge in doing such deals.

 2)    Proper Guidance :-

Whenever you want to buy or sale the property, selecting an experienced real estate agency or agent in Mumbai, Navi Mumbai or Thane will co-operate you in dealing contractual affairs. As their expertise will not only save your lump sum savings but also will help you in gaining the profits in long run.

 3)    Location Information :-

If you are searching to own a commercial space in Mumbai, Navi Mumbi or Thane then it should be in prime location which would have growth aspects for your business in future. A better understanding of the requirement and experienced real estate agent in Thane can support you with detailed in-depth knowledge about the desired location with pros & cons.

 4)    Market Conditions :-

You may not be well versed about Mumbai, Navi Mumbai & Thane real estate market situations but here real estate agent plays vital role in providing detailed information about the project such as square feet cost, amenities, benefits, transport availability, and availability of utilities.

 5)    Post Sale Services :-

Normally buyers conception is that once they have bought a property then legalities related to property gets finished but in real time that is not the scenario. Once you have purchased the property, some formalities should have to be completed like loan sanction procedure, Sale agreement formalities, 7/12 title clear documents, property description papers.

Conclusion::

Investing in real estate is not only the best investments but treated as golden investment and important decisions you will ever make. The process is lengthy and time consuming. Assure yourself that you get best out of the best. The points mentioned above covers all the aspects where you will not go wrong. It’s always suggested if you are new to all these processes, then you should have to seek best consultation available from House Seekers, a best real estate agency in Thane and who are expert and experienced is real estate industry mainly for residential & commercial verticals.

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Top Benefits Why Real Estate is All Time Superior Investment

Tips & Tricks You Should Invest In Real Estate

Investment real estate that generates income or intended for investment purposes rather than as a primary residence or commercial purpose and profits through price appreciation.

Understanding Real Estate Investment >>

Real estate investment can provide opportunities for financial gains to buyers. Owning such type of investment can help build wealth, increase income, and help diversify an investment portfolio. Primarily, most properties can be divided in to three classifications.

Residential::

Real estate investment which include residential land, plot and properties. Residential investments typically involve homes, townhouses, Villas & bungalows

Commercial::

An investment in commercial space involves the ownership of retail stores, office buildings, or warehouses. Investment in commercial real estate is more involved and costlier than residential investments. But the costs and profitability are usually measured on a per-square-foot basis for both.

Here, House Seekers as a real estate and property consultant in thane, role comes into the picture that helps you to take and confirm your right decision at the right time while deciding on your commercial space, shop and home.

 Top Benefits of real estate investment ::>

 1.   Real estate has a greater cash flow

Real estate investment provides greater cash flow on ROI as it has demand which grow your cash flow in long run and it is also known as a pure & safe investments. A good real estate investment should provide you with 10-15 %.

 2.   Appreciates in value

Appreciation levels for real estate have been 10-15 % per year, including during the down phase in the economy. Past analysis shows that between 2013 to 2018, residential property price appreciation in India bottomed out to 12%.

 3.   Creates equity build-up

Many times real estate or property is purchased by paying small amount by showing expression of interest and the balance of the money provided through debt financing support from a financial institutions or major banks. This principal reduction builds equity. As investor do not need to pay bulk amount at the time of purchasing it.

4.   Improvable asset

Real estate is a tangible asset made of brick, concrete, iron and glass which adds value of any property.  You can make your real estate worth more by improving it. It is one of the most valuable and attractive advantages of real estate are that it is improvable.

5.   Tax deductible

Tax  sections allows various deductions for the normal expenses incurred in owning real estate, and one of the important deductions come under section 80C, 24b, 80EE such deductions can offset income and reduce your overall taxes and help you to save your hard earned savings.

6.   Depreciable

Depreciation is a non-cash expense permitted in various tax sections that depreciates the value of your investment property over the time. However, the value of your investment property actually appreciates in long run.

 7.   Capital Appreciation

Real estate Investment can realize capital gains for investors or buyers due to property value increases over time. However, prices have risen dramatically over the last few decades as demand for housing has increased.

8.   Rental Income

Many investors buy real estate for the income that it provides. Investment in Real estate always gives you second income with appreciation in value which you invested in.

9.   Competitive Risk & Returns

Returns on Investments from Real estate vary, depending on factors such as location, asset class, and management, government policies, Internal & external market conditions. Still, average annual return over the past 50 years is about 11-15%.

KEY TAKEAWAYS >>

Real estate provides equity build-up & Appreciation

Investment     real estate provides opportunities for investors to build wealth, increase     income, and diversify an investment portfolio.

Residential     investments mainly involve homes, townships, and Villas

An     investment in commercial real estate involve the ownership of Commercial     Spaces, retail stores, office buildings, storage facilities and     warehouses.

Investment real estate also create     capital gains for investors due to increases in property value as well as     provide rental income over-the-year and on regular basis.

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Is Buying Commercial Office Space, Advantage or Disadvantage

When question comes in mind of buying your own commercial space, there is no standard has been set. Each business has its own specific requirements and hence demands a unique business space. You will need to plan out and certain questions to yourself.

How much space you want?

Are you going to plan to expand in the future?

How many employees do you have?

 Buying commercial real property though is a complex process and you need to handle every step carefully. Even when buying a business space, you must be aware of the various options available while buying commercial office space. Commercial investing is different from real estate investing. Every Successful commercial investment requires a good control of the real estate market, current trends, understanding of potential risks and financial ability. As commercial investment has a high return on investment as opposite to residential properties. Here real estate or property consultant role comes into the picture that helps you to take and confirm your right decision at the right time while deciding on your commercial space or shop.

Factors which you need to include:

Does your location have the good infrastructure?

What’s its growth aspect?

Is the location close to major commercial hubs?

Is location area accessible to different mode of transport?

Which are the major economic zone surrounding the location?

What is the population density of that particular location?

There are pros and cons to each. Let’s have look on them in detail.

 Pros of Buying Your Own Commercial Space :

If your condition is same to the following points, then you should consider buying the property.

Many times you want to renovate or alter the property or increase your business space to a large scale. If you get the property on rent basis, each time for making any changes you need to take the permission from your owner. But if you own the property, there won’t be anyone looking over your shoulders.

Commercial space or office on lease will cost you less money, but in the long run, buying the own office space will cost you less investment. Because in addition for maintaining your property it will make you a profit out of the deal.

If your commercial office space is located in an area of appreciating land values, you should consider buying the property immediately which benefits you from the property if you ever sell it at the later stage. This requires some real estate knowledge as you need to predict the upcoming trend while making a purchase or sale.

 Things to Consider While Buying Your Own Office Space

Buying a commercial office space involves a lot of risks and high investment. Each risk must be carefully analyzed along with the solution. No factor should be ignored thinking that it will never affect your business. Here are some of the factors you should consider while buying your first commercial office space.

Location – A perfect location today could turn into an unwanted destination tomorrow. Make sure the location you choose is not under any government project development program. At the same time, you need to make sure your business is accessible through all the transport channels for consumers and suppliers. The location you choose must have good water, electricity and an Internet connection.

 Budget – Any commercial office space investments involve a huge budget and therefore require full-proof of planning in hand before finalization. Do not begin your commercial exploration before you get your budget right, the budget you have in your hand decides the kind of property you will be able to buy.

 Be Flexible – When viewing a commercial property, don’t just think about short term requirements, look for a property that is flexible. It will help you  definitely to expand your business in the coming future. So make sure you choose a property accordingly as per your priority so that it can be easily modified as per your needs.

 Availability of Amenities – commercial office space is not only your workplace but also represents your brand value. Hence you need to make sure that your amenities suits perfectly with your needs. Things like parking space, lift, water facility, electricity, the internet must also be carefully checked before financing your office. These services not only help your business run smoothly but also determine the fruitful benefits in upcoming times.

 Future Opportunities – A commercial space should be fits as per your requirements. Additionally, if your business not received enough responses then on that time you have options open where you should be able to sell the property and make sure you have enough buyers so that you can be saved from any loss

Know Your Neighborhood – Any Infrastructure development undertaken by the government may lead positive or negative impact. Also, make sure your area should be in safe zone and which cannot be affected by any such natural calamities like floods, drought, snowstorms, etc.

 Consider Requirement and Needs – Some business buys large office space just in case they decide to expand in the future. This will ensure that you have a regular smooth activity of running business without any obstacles and your own space can be maintained properly.

 Read Your Agreement Carefully – Before you sign on any documents, please read the terms and conditions carefully. Do not hesitate to ask any questions or doubts. A simple clause can cost you a lot if not handled properly in future.

 Stick to your Agenda – It is very easy to get flowed by luxurious amenities while hunting an commercial office space. Keep a list of things based as per your priority and needs. If you find yourself in a position of over budgeted, take a look at your list and check whether your budget allows for these changes or not.

Negotiation – When you confirm your perfect business space, it is easy to accept the first offer in fear of losing it. But you should always bargain your terms before you finalize. It may sound difficult at that moment but it can save you a lot in the long run.

 Conclusion ::>

Investing in real estate is one of the best and important decisions you will ever make. Make sure you don’t end up making any wrong decisions. The points mentioned above covers all the aspects you need to consider before finalizing your decision. If you are new to all these processes, it is advisable to surround yourself with experts and experienced. If you want some additional information about buying commercial properties, our experts at House Seekers are eager to help 24/7x365

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Points You Should Consider Before Buying a Commercial Office or Space

Find out where the people are going and buy the land before they get there….. William Penn Adair

Everyone has a dream and take the decision accordingly of buying a commercial property, shop or commercial space is like entering into all the way to new dimension. Many of does the research and analysis but never knows what the future it has been. All the parties involved, buyers, sellers, agents, etc. are prone to or exposed to the risk of demand & price movements. Purchasing a commercial property especially to run your own business is a cost effective decision as opposite to that on taking a property on lease and paying heavy rentals with maintenance. Also, seeking or buying a commercial real estate is riskier than buying a residential property. It requires a complete detailed information & comparison of all the available options & study expected returns on investment in coming future. Here Real estate or property consultant role comes into the picture that helps you to take and confirm your right decision at the right time while deciding on your commercial space or shop. Before deciding to buy a commercial real estate, it is critical to evaluate various risks involved. Each risk must be studied carefully and none should be ignored thinking its might never affect your business. Following few important factors must be considered before purchasing a commercial real estate.

·         Location: A Prime & promising location today might turn to be an unwanted destination tomorrow. At the same time, it is very important to consider distance with directions from end users foot falls. The business must be accessible and reachable to the end user to be successful. Also, connectivity via road and rail transport is required to run the business at fruitful way.  

·         Budget: For any transaction, which needs investment, needs a proper strategy and plan on allocation of budget before execution. Likewise is true for a purchasing commercial property.  This will also reduce unnecessary steps in easy selection of the commercial property, owning a shop or space amongst the available options.  Therefore, in the absence of the entire amount of investment one may pay just a small down payment or token amount and can take a loan for the remaining amount and later can be preferred with easy pay plan options.  

·         Condition of the property: This will give an idea about what kind of repairs in the form of alterations or as per vastu directions it might need in the future. This would also help understand the resale value or rent that could be earned in the future. Construction of this property or shop should be undertaken in such a way that in coming time it should not be affected by anything such as terminates, pest etc

 ·         Property and its allowable purposes: Every kind of business needs the property for a different purpose. You should be aware of what purposes this property or shop you will be using. For example, a Lawyer firm would need an office space whereas a manufacturer would put property for industrial uses. Thus, it becomes very important to know the lawful uses of such property. 

 ·         Availability of supplement services: Other services like parking, lift, security, internet etc. must also be carefully studied while finalizing the commercial real estate or office space. These available services not only help in running the business efficiently but also contribute and determine a better appreciation in the future.  

·         Infrastructure and neighborhood: Developments like railway, metro , highways construction, etc. might affect the value of your property value. Infrastructure development in the area affects the property value. Also, evaluate the availability of commuting mode and basic utilities like electricity, water, drainage etc. Infrastructure development in the area affects the property value 

 ·         Hidden Costs:��Such costs are associated with running maintenance and with internal & external amenities of the property. Many properties have certain hidden costs.  These potential costs must be taken into calculation in advance and discussed in the sale agreement itself.

 Investing in real estate is one of the best and important decisions you will ever make.To avoid all such risks and for running smoothly business, one must exercise before concluding the deal. It might be required to frequently visit the property & nearby locations to identify issues in advance & fix them on time, thus making them ineffective once the business operations start.The market for Commercial property sale is run by real estate or property consultant now a days. They have an expertise in this filed & can make you chose the right property with a better price in exchange for a reasonable amount with better deal.

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Get Your Commercial Office Space with House Seekers Your Real Estate & Property Consultant 

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Points You Should Consider Before Buying a Commercial Office or Space

Find out where the people are going and buy the land before they get there….. William Penn Adair

Everyone has a dream and take the decision accordingly of buying a commercial property, shop or commercial space is like entering into all the way to new dimension. Many of does the research and analysis but never knows what the future it has been. All the parties involved, buyers, sellers, agents, etc. are prone to or exposed to the risk of demand & price movements. Purchasing a commercial property especially to run your own business is a cost effective decision as opposite to that on taking a property on lease and paying heavy rentals with maintenance. Also, seeking or buying a commercial real estate is riskier than buying a residential property. It requires a complete detailed information & comparison of all the available options & study expected returns on investment in coming future. Here Real estate or property consultant role comes into the picture that helps you to take and confirm your right decision at the right time while deciding on your commercial space or shop. Before deciding to buy a commercial real estate, it is critical to evaluate various risks involved. Each risk must be studied carefully and none should be ignored thinking its might never affect your business. Following few important factors must be considered before purchasing a commercial real estate.

·         Location: A Prime & promising location today might turn to be an unwanted destination tomorrow. At the same time, it is very important to consider distance with directions from end users foot falls. The business must be accessible and reachable to the end user to be successful. Also, connectivity via road and rail transport is required to run the business at fruitful way.  

·         Budget: For any transaction, which needs investment, needs a proper strategy and plan on allocation of budget before execution. Likewise is true for a purchasing commercial property.  This will also reduce unnecessary steps in easy selection of the commercial property, owning a shop or space amongst the available options.  Therefore, in the absence of the entire amount of investment one may pay just a small down payment or token amount and can take a loan for the remaining amount and later can be preferred with easy pay plan options.  

·         Condition of the property: This will give an idea about what kind of repairs in the form of alterations or as per vastu directions it might need in the future. This would also help understand the resale value or rent that could be earned in the future. Construction of this property or shop should be undertaken in such a way that in coming time it should not be affected by anything such as terminates, pest etc

 ·         Property and its allowable purposes: Every kind of business needs the property for a different purpose. You should be aware of what purposes this property or shop you will be using. For example, a Lawyer firm would need an office space whereas a manufacturer would put property for industrial uses. Thus, it becomes very important to know the lawful uses of such property. 

 ·         Availability of supplement services: Other services like parking, lift, security, internet etc. must also be carefully studied while finalizing the commercial real estate or office space. These available services not only help in running the business efficiently but also contribute and determine a better appreciation in the future.  

·         Infrastructure and neighborhood: Developments like railway, metro , highways construction, etc. might affect the value of your property value. Infrastructure development in the area affects the property value. Also, evaluate the availability of commuting mode and basic utilities like electricity, water, drainage etc. Infrastructure development in the area affects the property value 

 ·         Hidden Costs: Such costs are associated with running maintenance and with internal & external amenities of the property. Many properties have certain hidden costs.  These potential costs must be taken into calculation in advance and discussed in the sale agreement itself.  

          Conclusion ::> Investing in real estate is one of the best and important decisions you will ever make.To avoid all such risks and for running smoothly business, one must exercise before concluding the deal. It might be required to frequently visit the property & nearby locations to identify issues in advance & fix them on time, thus making them ineffective once the business operations start.The market for Commercial property sale is run by real estate or property consultant now a days. They have an expertise in this filed & can make you chose the right property with a better price in exchange for a reasonable amount with better deal.

[houseseekers]

Important Points One Should not be Neglected While Owning A Property

Some People Look For A Beautiful Place....Others Make A Place Beautiful ! In today's fast pacing world for searching your dream place like Home is not difficult for house seekers as true real Estate or property consultant put their efforts in finding your dream home by all the means & available resources.Although there are several laws,rules & regulations in place which protect a purchaser of property, self-help with proper guidance is the best help and one must do due diligence before buying and owning a property. Therefore, below mentioned list of precautions to be taken and some of the important aspects one must look at before finalizing or buying a home. 1) Clear Title Property & Zero Risk ::- Clear title with zero risk property is one of the most important factor to be considered before purchase. There are various points which required to investigate the title of the property such as:: (A) by studying the documents of title to ensure that the owner or builder has proper ownership of the property. The documents of title should be studied very carefully as any shortfall may lead to a defective title or dispute may occur later (B) To inspect the original title deeds. (C) To search the records of the society where the property is located currently. 2) Inspect sanctioned plans & Permissions ::- Required necessary sanctioned plans with due permissions and commencement certificate by the respective authority should be inspected, especially if work of the buildings under construction. If the building is not built in accordance with sanctioned plans, the completion certificate will not be granted. For buildings that are complete, occupation certificate/completion certificate should be verified and checked. 3) Legality Check of Property ::- Ensure the property is legally authorized to be constructed on the plot it stands on. The developer should have approvals and NOCs from Area development authorities, water supply and sewage boards, electricity boards and Municipal Corporation. However if you are taking a home loan, the concerned bank will validate your property documents before loan sanction. 4) Land Tenure ::- This is very important & essential aspect should have to come in your thought list and also be considered if property is under freehold or leasehold. For example, Leasehold refers to a property tenure, where one party buys the right to occupy the property for a given length of time (30 to 99 years). In a leasehold land, the authority (usually, a government agency) remains the owner of the land and gives the land to builders, to develop apartment projects on a leasehold basis. Anyone who buys a residential flat, will own it only for the leasehold period. 5) Permitted user and Restrictions ::- This aspect should be verified as well. For example, one should see whether the property is residential or commercial as per the Development Control Regulations. Other factors such as heritage rules, set-back for road widening or any future development may apply to certain buildings, which should also be considered. 6) Documentation ::- Proper documentation should be put in place for purchase of the property. The sale document should be properly stamped and registered with duly signed and the original title deeds should be taken by the purchaser from the seller. 7) Ready reckoner rates ::- The burden on the buyer is set to increase with the recent hike in the Ready Reckoner (RR) rates. The Maharashtra government is on its way to increase the ready reckoner rates for properties between 5% and 30%, depending on the size and location in Mumbai and the rest of Maharashtra.The Ready Reckoner is used to calculate the market value of flats for stamp duty and registration charges, which are major sources of revenue for the government after sales tax and value-added tax. 8) Estimate the total cost of ownership ::- This Including parking charges, stamp duty, registration charges, maintenance, amenities, new furniture / furnishings that a customer may have to purchase. All this could contribute to almost 5-20 percent of the bare cost of the apartment.It is important to understand about the final usable area of the apartment, especially in case of apartments under construction. Most of the times, the sale would be on super-built up area. Consumers need to be comfortable with the liveable area they will finally get to use as issued and published by RERA ( Real Estate Regulatory Authority ) 9) Property Budget: The first step in selecting a house or a flat is to fix a budget. It makes it easier to shortlist a house if you know how much you are willing to spend while buying or owning your home. Compare the price of the property in question with the same surrounding it from various builders to get an idea if the builder has offered you a genuine quotation. There are many ways where you can get a comparative of properties in the area you are looking for or near by. Website Portal listings, brokers of the area or newspaper listings, hoardings are such sources which help house seekers journey comfortable. 10) Flat’s Carpet Area ::- Usually, a property’s area or the super built-up area that is listed is the entire area including shafts, elevator space, stairs, thickness of walls and others. However, carpet area or actual usable area is the main area within the walls of the flat. This are can be 30 per cent lesser than the built-up area or the area used to calculate the price of the property. 11) Apartment Possession ::- It has become a trend of delayed possessions of flats owing to delay in commercial and residential plans. As a buyer, you should have a clear estimate of the timeline for possession. Usually, a developer ask for a six-month grace period, however there should be a valid explanation for the same. 12) Financial Schemes & Financing Banks ::- You should be prepare with OCR ( Own Contribution ) and certain subvention schemes offered from builders or finacial institutions and also aware of the banks that are willing or not willing to finance certain builders. Owing to a bad reputation, some banks do not offer loans to some builders. So, it is very important that you should check with the banks that are filling to fund the project you are planning to invest on or not. 13) Builder-Buyer Agreement ::- When you select a flat or house of your choice, you can book the same by giving a token amount, in return of which you get an allotment letter. Then, a tripartite agreement is entered upon between the buyer, the bank and the builder for the rest of the amount. This agreement should be read and understood in detail before signing on it. All the clauses must be clearly understood and if any doubts, should be raised at this point itself to avaoid futher delay or any diputes. 14) Location of the Flat or Project ::- Not to forget, it is important to look around the area where you are going to be eventually residing in. The amenities, physical infrastructure and reach to all the basic places are important to be analysed. These factors will help you have a peaceful living in the house. The flat should be in a safe and secure place, offering some security to families living in the flat. 15) Estimate total cost of running the home ::- This will include maintenance charges, property tax, increased commuting charges as compared to your present place. Please ensure that this fits in your daily monthly budget. 16) Home Funding ::- Last but one of the vital point that Find out whether the home loan you are thinking about is the cheapest & affordable loan? Find out best rate of interest for woman co-ownership or senior citizen, if applicable. Many developers also provide spot transactions or CLP ( Construction Link Plan ) with the help of many financial institutions with best rate of interest possible on availing loan. Therefor it's your skills to fish for the best rate and grab the opportunity.Discuss with the seller upfront on cash component, if any. These things spring up at the last moment, and most of us do not have access to large amounts of cash. If you are buying the apartment as an investment, please ensure that it fits into your overall asset allocation and that you have a balanced mix between equities, debt instruments and real estate. Buying a residence or house for your loved one or family is possibly the biggest decision you would take, ranking or prioritize after your marriage and having a child. You have a responsibility towards yourself and towards your family and doing all the above before buying your own apartment, will ensure that “This is not just a home. This is your dream come true”.

[houseseekers]

Important point to consider while owning A property

Important point to consider while owning A property

Some People Look For A Beautiful Place....Others Make A Place Beautiful !

In today's fast pacing world for searching your dream place like Home is not difficult for house seekers as true real estate or property consultant put their efforts in finding your dream home by all the means & available resources. Although there are several laws,rules & regulations in place which protect a purchaser of property, self-help with proper guidance is the best help and one must do due diligence before buying and owning a property. Therefore, below mentioned list of precautions to be taken and some of the important aspects one must look at before finalizing or buying a home.

1) Clear Title Property & Zero Risk ::- Clear title with zero risk property is one of the most important factor to be considered before purchase. There are various points which required to investigate the title of the property such as:: (A) by studying the documents of title to ensure that the owner or builder has proper ownership of the property.    The documents of title should be studied very carefully as any shortfall may lead to a defective title or dispute may occur later (B) To inspect the original title deeds. (C) To search the records of the society where the property is located currently.

2) Inspect sanctioned plans & Permissions ::- Required necessary sanctioned plans with due permissions and commencement certificate by the respective authority should be inspected, especially if work of the buildings under construction. If the building is not built in accordance with sanctioned plans, the completion certificate will not be granted. For buildings that are complete, occupation certificate/completion certificate should be verified and checked.

3) Legality Check of Property ::- Ensure the property is legally authorized to be constructed on the plot it stands on. The developer should have approvals and NOCs from Area development authorities, water supply and sewage boards, electricity boards and Municipal Corporation. However if you are taking a home loan, the concerned bank will validate your property documents before loan sanction.

4) Land Tenure ::- This is very important & essential aspect should have to come in your thought list and also be considered if property is under freehold or leasehold. For example, Leasehold refers to a property tenure, where one party buys the right to occupy the property for a given length of time (30 to 99 years). In a leasehold land, the authority (usually, a government agency) remains the owner of the land and gives the land to builders, to develop apartment projects on a leasehold basis. Anyone who buys a residential flat, will own it only for the leasehold period.

6) Permitted user and Restrictions ::- This aspect should be verified as well. For example, one should see whether the property is residential or commercial as per the Development Control Regulations. Other factors such as heritage rules, set-back for road widening or any future development may apply to certain buildings, which should also be considered.

7) Documentation ::- Proper documentation should be put in place for purchase of the property. The sale document should be properly stamped and registered with duly signed and the original title deeds should be taken by the purchaser from the seller.

8) Ready reckoner rates ::- The burden on the buyer is set to increase with the recent hike in the Ready Reckoner (RR) rates. The Maharashtra government is on its way to increase the ready reckoner rates for properties between 5% and 30%, depending on the size and location in Mumbai and the rest of Maharashtra.The Ready Reckoner is used to calculate the market value of flats for stamp duty and registration charges, which are major sources of revenue for the government after sales tax and value-added tax.

9) Estimate the total cost of ownership ::- This Including parking charges, stamp duty, registration charges, maintenance, amenities, new furniture / furnishings that a customer may have to purchase. All this could contribute to almost 5-20 percent of the bare cost of the apartment.It is important to understand about the final usable area of the apartment, especially in case of apartments under construction. Most of the times, the sale would be on super-built up area. Consumers need to be comfortable with the livable area they will finally get to use as issued and published by RERA ( Real Estate Regulatory Authority )

10) Property Budget: The first step in selecting a house or a flat is to fix a budget. It makes it easier to shortlist a house if you know how much you are willing to spend while buying or owning your home. Compare the price of the property in question with the same surrounding it from various builders to get an idea if the builder has offered you a genuine quotation. There are many ways where you can get a comparative of properties in the area you are looking for or near by. Website Portal listings, brokers of the area or newspaper listings, hoardings are such sources which help house seekers journey comfortable.

11) Flat’s Carpet Area: Usually, a property’s area or the super built-up area that is listed is the entire area including shafts, elevator space, stairs, thickness of walls and others. However, carpet area or actual usable area is the main area within the walls of the flat. This are can be 30 per cent lesser than the built-up area or the area used to calculate the price of the property.

12) Apartment Possession ::- It has become a trend of delayed possessions of flats owing to delay in commercial and residential plans. As a buyer, you should have a clear estimate of the timeline for possession. Usually, a developer ask for a six-month grace period, however there should be a valid explanation for the same.

13) Financial Schemes & Financing Banks ::- You should be prepare with OCR ( Own Contribution ) and certain subvention schemes offered from builders or finacial institutions and also aware of the banks that are willing or not willing to finance certain builders. Owing to a bad reputation, some banks do not offer loans to some builders. So, it is very important that you should check with the banks that are filling to fund the project you are planning to invest on or not.

14) Builder-Buyer Agreement ::- When you select a flat or house of your choice, you can book the same by giving a token amount, in return of which you get an allotment letter. Then, a tripartite agreement is entered upon between the buyer, the bank and the builder for the rest of the amount. This agreement should be read and understood in detail before signing on it. All the clauses must be clearly understood and if any doubts, should be raised at this point itself to avoid further delay or any disputes.

15) Location of the Flat or Project ::- Not to forget, it is important to look around the area where you are going to be eventually residing in. The amenities, physical infrastructure and reach to all the basic places are important to be analysed. These factors will help you have a peaceful living in the house. The flat should be in a safe and secure place, offering some security to families living in the flat.

16) Estimate total cost of running the home ::- This will include maintenance charges, property tax, increased commuting charges as compared to your present place. Please ensure that this fits in your daily monthly budget.

17) Home Funding ::- Find out whether the home loan you are thinking about is the cheapest & affordable loan? Find out best rate of interest for woman co-ownership or senior citizen, if applicable. Many developers also provide spot transactions or CLP ( Construction Link Plan ) with the help of many financial institutions with best rate of interest possible on availing loan. Therefor it's your skills to fish for the best rate and grab the opportunity.Discuss with the seller upfront on cash component, if any. These things spring up at the last moment, and most of us do not have access to large amounts of cash.

If you are buying the apartment as an investment, please ensure that it fits into your overall asset allocation and that you have a balanced mix between equities, debt instruments and real estate. To sum it up, buying a residence or house for your loved one or family is possibly the biggest decision you would take, ranking or prioritize after your marriage and having a child. You have a responsibility towards yourself and towards your family and doing all the above before buying your own apartment, will ensure that “This is not just a home. This is your dream come true”.

[houseseekers]

7 Secret myths in choosing your Real Estate or Property Consultant

“Home is the place where, when you have to go there, they have to take you in.” By Robert Frost.

Buying a home or looking for it is always a dream for everyone and displayed on the top of the priority list. So everyone should have to begin as early as possible once they get into the real world and should be planning as mentioned below to regret at the later stage.

1) Invest Early

2) Invest for a Long-term

3) Select Location with Good Connectivity and Infrastructure best properties.

Selecting the right location is crucial so while selecting the best properties which are available in Thane, Mumbai & Navi Mumbai would be an added advantage that buying with the help of real estate or property agent.  Today, when consumers are buying homes online, you can't ignore the power of the internet. It is imperative to create an online presence, which includes, an informative website templetes, presence on various property selling portals, also, an active participation in discussion forums, events, online chats and other platforms. With this wide presence you will be able to showcase your brand as a helping hand to buyers for an easy solution to home buying.

>> QUALITY CONTROL Brokers are often not transparent about the quality of construction. Two similar properties in a locality can be priced the same but one may give more value for money in terms of construction quality and amenities. Ask for a detailed such as whether the common areas are the same.

>> BIG ADVANTAGE According to estimates, there are around one million brokers in the country who are neither registered nor regulated. "Many of them are unqualified and inexperienced," says Industry Experts. Big brokerages have a reputation to keep and can be more professional. They are expected to make full disclosure to clients, quote the best price and ensure there are no nasty surprises at the last minute. "If the broker is working as an individual with requisite experience, he may go the extra mile to service your requirements. There are, however, some distinct advantages such as depth of knowledge and lower risk with large brokerages.

>> UNLICENSED BROKERS More often than not, agents tend to drive their own agenda to earn higher commissions. "A broker is just an intermediary. So, he is not answerable in case of overpricing or any other issue. Ideally, like in many parts of the world, the onus should fall on agents to act as a fair and honest mediator and should ensure that property transactions are transparent and swift. Brokers are indispensable in the real estate sector. Until they are brought under a regulatory body, you will have to stay on the guard.

With the implementation of RERA, many States have agents who are RERA registered. The regulations require that these brokers meet certain quality standards. Along with agents who come with references from known sources, you can consider this list as well.

>> Smooth Flow of the business 

Conduct business in an honest, fair, transparent and professional manner without any encroachment with hassle free transactions.

 >> Buyer’s Interest

Ensure that clients are provided terms of engagement and incorporate details of property handling procedures starting from profiling to getting into the handover of the buyers property with all the necessary and important documents.

>> Conflict of interest

Avoid conflict of interest and, where they do arise, deal with them openly, fairly and promptly as maintaining client interest and their preferences should be the No.1 priority

>> Communication with clients

Provide all the informations which are availbe for the projects such as location, amenities, payment plan, cost details, developers informations etc.

At House Seekers India, aim to enable home-buyers to make the right choice at the right time.  House Seekers India, wish to make your home-buying journey very simple, pleasurable and memorable and achieve it by our end through assistance. House Seekers valuable team of experts guides all customers to make an intelligent and good choice when it comes to buying a home. House Seekers India provides you with right advice based on your requirement with the support of their search algorithm.

House Seekers India, always focus on the transparency which is the key to foster a culture of trust and understanding with every home buyer who walks in through their doors to seek House Seekers trusted service. House Seekers help you thorough and meticulous process minimizes the risk of investing in the wrong project.