Study about your Home Loans

Buying residential property in any part of India is easy with a host of finance options available. Whether you are employed in government organization, a trader, or self-employed, relaxed policies by government makes home loans easy. Government and private banks offers finance at different rate of interests. Before applying for home loans, you have to do so research work as which option is best to you.

Take home loan from a recognized bank or financial institution. Since the repayment term of home loan is usually long and involves huge amount of money, always borrow money from reputed lender. Home loans are available to buy flats/ apartments, bungalows or plots.

Interest rates differ from bank to bank. You know by now that interest rate is the most important aspect of your home loan. Broadly, there are two types of rate of interest for home loans- Fixed Interest Rate and Floating Interest Rates. Depending on the type, the monthly installments vary. In a floating interest type, rate of interest depends on the market conditions. In addition, the floating interest rates depend on central bank’s monetary policy changes. Usually, for home loans, a bank provides options that are a mix of floating and fixed rate of interest.

The real estate boom in India especially in cities like Gurgaon and Noida in the Delhi-NCR region has created a number of choices for home buyers. Real estate Gurgaon come with excellent amenities. The developers of the residential projects help the interested buyer get loans for their project. The builders and developers have tie-ups with banks and financial institutions.  Home loans are also customized to suit the interest of different borrowers. The borrower has to pay EMI or equated monthly interest until the home loan tenure. In the initial years, the EMI covers more of rate of interest and les of principle amount. 

Home Loans for your Dream House

Buying your dream house just got easier. With easy availability of finance schemes, purchasing property in India got a lot more relaxed and hassle free. Earlier, arranging finance for buying residential properties in India was not easy. Government employees did get benefits from their organization. However, for people engaged in private organization, buying a house was not that easy.

Now, home loans are easily available for private employees as well as businesspersons or self-employed. As matter of fact, there are so many types of home loans available in the India Property market that it becomes confusing to select the one that match according to requirement.

Most of the home loans available are for long-term period. Usually, borrowers take home loans for 10-20 years term. Since many take home loans for long-term period, it is very important to select the right finance option. The real estate market of India offers home loans from government banks as well as private finance institutions.

The home loans plans available are classified based on repayment tenure and interest rates. The first important factor the borrower should decide is from which financial institution avail the loan. This is one of the important factors as it becomes difficult to change the lender later. Home loan is long term financial commitment, so it is always advisable to do research before applying for loan. Borrowers should ask previous customers and follow their feedback.   

While selecting home loan for house/flat/residential property, also make enquires about interest rates. Usually government financial institutions offer lower interest rates that private ones. The interest rates differ from bank to bank. Also, there are floating and fixed interest rates on home loans, so it is always advisable to compare before applying.

 Other important factors include processing charges as well as hidden charges. Experts advise that it is better to go for longest loan amount tenure available as it reduces the EMI burden initially and increase the home loan eligibility.

How to Decorate Apartments for Rent on Limited Budget?

Decorating small houses and apartments requires much time and smart interior decorating skills. Most of us in big cities and urban centers have limited living space. The metropolitan cities like Mumbai, Delhi and Bangalore are high standards of living and residential space is at premium. First time visitors to these cities usually search flats or houses for rent.

In a city like Bangalore visitors come round the year. Students and business executives come to the city for short period of stay. They are always searching for apartments for rent in Bangalore. Students cannot rent high budget house and flats. Usually they find flats with 1bhk or 2 bhk. Business visitors coming to Bangalore for short stay of three-four months also search 2bhk for rent in Bangalore.

Decorating these small apartments requires skills. Within limited space, one has to make space functional and at the same time stylish.  With decorative items in the small apartments for rent in Bangalore, how to make the rooms look bigger. Many new and upcoming properties in Bangalore are coming with customized interiors done. These are mostly for residential projects located in upcoming areas of Bangalore.

Here are some ideas for decorating the apartments for rent in Bangalore are as follows:

Always keep limited furniture in the rooms. And buy furniture that are small in size. Avoid using bulky furniture like sofas, poster beds and large dining tables. Instead select choose furniture which are multi-functional like sofa cum beds, stackable chairs and folding dining table. These types of furniture will save space and make the rooms appear big.

Do not use too many colors in one space. Whenever possible use single solid colors. Add patterns in rugs, cushion covers and similar small items. Do not use many showpieces in a single room. Just add one big vase at a corner or mirrors on the walls to make the space look bigger. 

Narela- coming up as the next real estate destination!

The city of Delhi has seen a lot of expansions and developments in its real estate sector. Emergence of the increased demand in the residential and the commercial sector has resulted in the high end growth of the real estate sector in India. Delhi, being the capital is preferred destination for most of the people looking for career, education, or better living opportunities.

 Buying a property in Delhi is the aim of a large number of people. To fulfil the dream of as many people possible, the realtors in Delhi are launching many new projects. The latest invention of the realty sector is Narela area of north- west Delhi. The area is not properly developed right now but, soon there would a number of residential and commercial properties and projects coming up in the area.

Currently an unauthorised industrial region of the city would soon be shaped into a residential and commercial hub of the capital city. According to experts, this is a result of saturation in property in Delhi in other areas. People are looking for more options in the city and in such situations the demand of real estate in areas like Narela are growing up.

In fact, the property prices of these areas have increased to 5- 10% in last few months. Due to its location near already developed regions like Rohini and Kundli, the demand for properties in Narela is gearing up. There are plots by DDA also in the area, which is a proof that the city is already on a spree of development. As per the proposed metro plans, the area is also destined to witness metro connectivity soon.

All these factors have added stars to the growth of the real estate India and are making it possible for every citizen to have a home of his own.

Invest in Property in Delhi –NCR Now: feels Experts

Are you one of those who want to invest in Real Estate or thinking of buying a property but waiting for market prices to fall, then it’s best not to wait. Market prices for expected to rise further. So if you are pondering over this important decision when to invest in realty, it’s now. According to realty experts, you are thinking of buying flats/apartments or houses, buy now as property prices are expected to soar. For those who want to sell property then wait for the prices to rise.

Real Estate experts feel that property prices will rise and there will be an improvement in real estate market conditions. Many feel the value appreciation of properties may vary from city to city. According to past trends in realty sector, residential properties and houses generate high returns than commercial properties. For a period of 5-6 years, the value appreciation of residential units is more than commercial spaces. However, for bigger cities and developing urban centers, commercial realty fetches lucrative investment returns.

Homebuyers from cities like Delhi-NCR, Mumbai, Hyderabad, Kolkata, Chennai, Ahmedabad etc. are having queries regarding property values in these cities. People interested in property investment are more concerned about value appreciation and investment potential.

If buyers are thinking of investing in Noida Extension, it is advised to wait until result from the NCR Planning Board comes out. There is expected to be some changes in Greater Noida plans of development. Those who are interested in investing in Gurgaon Properties should keep patience as the new areas coming along Dwarka Expressway lack proper infrastructure. Investors who want results in short term, like 2-3 years will not get desired results.

Residential Projects coming in cities like Ahmedabad and Chennai are drawing homebuyers and investors alike. Projects coming up in Bopal, Satellite, SG Highway in Ahmedabad and southern part of Chennai showed growth in terms of capital values.

Noida-Greater Noida: New Residential Address in Indian Real Estate

Noida, the planned township located near Delhi, is attracting homebuyers for the multitude of options in residential real estate category. Apartments and flats in Noida are coming up in different sectors. Well-known property developers are constructing mega townships and residential projects in sectors like 34, 50, 74, 77, 76, and 78 of Noida properties. Combining properties of Greater Noida, the entire area symbolizes the great boom of Indian Real Estate.

The residential properties coming up in Noida and Greater Noida are planned and constructed by well-known developers. Some of the prestigious names of property developers are Ajnara, Antriksh, Amrapali, Gaursons, Earth Infrastructures, Prateek Group, Gulshan Homz, JM Housing limited, and Supertech. The pricing of properties in Noida is kept competitive and include residential options for all budgets. From luxurious flats and bungalows in Noida for the upper income group to a range of 2 and 3 bhk flats in Noida for the great Indian middle class. The twin cities have some of the best housing options for every income group. And the best part, the demand of housing from each category is simply huge.

One of notable builders of Indian Real Estate is the Supertech. This real estate company has offered some amazing housing projects in the past. This company’s ORB is unique residential complex located in Sector 74 of Noida. The architecture of this building made in circular shape attracts homebuyers. The building has 40-storis and one of its kind luxury complexes. The builders have dared to develop something unique and innovative not just in Noida, but in Delhi NCR region. This luxury complex is spread of over 50 acres and is a self-contained campus. Prices for residential units begin from Rs 80 lakh INR.

Influence of Supertech builders and developers in the Indian Real Estate is huge as this property developer has some of the best residential projects. Some more properties in Noida by this builder include Cape Town in Sector 74, Amber Heights in Sector 34 and Aristo Heights in Sector 34. The Emerald Court residential project is constructed on the Noida-Greater Noida Expressway.

Upcoming Residential Property in Hyderabad

Sumashaila Developers is a noted group in the realm of Hyderabad real estate. This group is coming up with a new residential project named, Vaddepally Enclave. This residential project offers apartments and villas in various sizes. This new project is coming up in Kukatpally in Hyderabad. The pricing of apartments and villas are kept competitive and is according to realty price of the city. The residential units will be ready by Mar 2014.

The apartments in Vaddepally Enclave are available in various areas. Homebuyers can select between 2,  3 and 4 bhk apartments and the sizes are available are between  1162 to 1637 sq. ft.  Depending upon your requirement, you can search for different types of flats in Hyderabad. This residential property in Hyderabad offers different types of flats, from studio apartments to spacious 4 bedroom sets. In totality, this residential real estate in Hyderabad will have  340 apartments of different sizes and floor types. Homebuyers can select from a wide range of flats to select. Parking spaces are apartments are created in the stilt floor and cellar area.

Luxurious living can be experienced in the villas of this residential project of Hyderabad. Hyderabad real estate offers a variety of villas at various locations. There are about 40 villas in this residential project. The villas starts from 1.25 crores INR. There is parking space available for Villas in the front space.

Hyderabad real estate upcoming residential properties have international amenities. People in current times are busy with work and they like to have a home, which feature modern day conveniences. The amenities available in this  complex are as follows:

·         Club house with gym machines

·         Swimming pool

·         Multipurpose halls

·         Lounge and cafeteria in club house

·         Wi - Fi zone in club house

·         Generator backup for common areas   

·         Common gas supply lines arrangement

·         Underground cabling of electrical lines

Southern Cities of India attracts Realty Investors

Delhi and NCR in the north, Mumbai and Pune in west and Calcutta in east are hot destinations to invest in the present times. Realty experts vouch for these cities for home buying and property investment purposes. Real Estate India in the present times is booming after a period of lull. Business activities across these cities are growing rapidly. Residential and Commercial properties are finding many takers.

But what about the southern cities, which are also part of real estate India. Off late, the cities in South India such as Chennai, Hyderabad and of course Bangalore have created a special place in the real estate market of India. Realty experts in the country are keen on investing in projects in these cities. Foreign investors are also tapping the southern market like never before.

South Indian Cities offers 45% of the total office space. This is expected to increase, particularly in cities like Hyderabad and Bangalore where IT MNCs are setting up branches. In the realty sector, these cities are expected of grow at about 20%.

The residential property market in India for southern markets was resilient in the past few years. Significant sales are recorded in Delhi-NCR and Mumbai region. But many new projects are coming up in these cities. Bangalore is coming with new residential projects, which feature excellent amenities. Other southern cities, which are featuring in the Real Estate India map, are Coimbatore, Vishakhapatnam, Kochi and Mysore. These are becoming the next hubs of real estate sector. Foreign investors have started investing in these locations. These cities have low realty prices, which is a good thing for investors. Nevertheless, with closeness to other big cities of South India, these cities are soon expected to boom in the realty market. 

Real estate gearing up in Greater Bangalore

The technology hub of the country also known as the Silicon Valley of India welcomes people from different walks of life to live and earn there. Having industries and companies of different kinds, Bangalore has boomed to be a world class city and is one of the most renowned cities of India.

Major share of credit for making the city look more beautiful and make space for more and more people coming goes to the real estate Bangalore. The realtors and developers in Bangalore have done a great job and putting every single effort to keep the standards of the city high. The increasing demands of the real estate Bangalore have lead to the expansion of the city under the name of Greater Bangalore.

The rural areas in the Greater Bangalore are getting transformed in to big cities with all modern amenities. Significant number of MNCs and offices in Bangalore are planning to shift in the Greater Bangalore because of the larger space and also the prices are comparatively low.

According to reports more than 50% of the development has already taken place in the area and newly defined city would be ready to move in a very short time. The demands of both the residential and commercial properties are peaking high because of the affordable prices in the Greater Bangalore. In fact the prices in the area are already witnessing an appreciation of 10-20% which proves that the city is very soon going to be the hub of real estate in Bangalore.

A number of private and public projects are being planned to be launched in Greater Bangalore in coming years. From integrated townships to multi- storied complexes, the city is about to witness each and every development covered under the name of a cosmopolitan city.

How to decorate your small apartment?

Living in small apartment and finding suitable space for utility items is the challenge. Most of us will agree with the fact that finding furniture that will have utility and at the same time make the place look chic.  In addition, your Flat, however small should be soothing place to live once you get back home after a grueling day at work. Since it is a small apartment, you cannot have too many fancy furniture or showpieces since it will give a cluttered look. The best of way decorating your small apartment/flat is to add vibrant colors to furnishings.

Before buying furnishings for your rooms, plan the color palette. For small apartments, it is better to paint walls in light shades and choose furnishings in brighter shades. Check the décor magazines and websites that provide many ideas about availability of different kinds of furnishings.

 Sofa Covers

You can deck up your sofas by changing the sofa covers in bright hues in summer months and in solid patterns in the winter months. This way you can change the appearance of your 1bhk flats in Mumbai   without spending much. Instead of buying new sofa sets, change the slip covers or sofa covers for an entire new look.

Wall Paint Alternative

There are wallpapers available, which can change the entire look of your apartment. Depending on the entire room set-up, just put wallpaper in one wall and see the effect created in the room. The living room, bedrooms and study if the small apartment has one can be given a new décor without much alternation in décor.

Curtains and Rugs

Changing of curtains and rugs adds new dimension to your small apartment. A new rug in the center of your living room will give a dramatic effect. The décor market is flooded with a variety of curtains, from florals to stripes, you can select one according to the theme of your small apartment.