5 Tips for First Time House buyers

Tip # 1 - Focus on interest rates

An increase in the interest rate can increase the payment on your mortgage, but it has a greater impact. The more you plan to borrow; the interest rate changes will affect your loan, payments and overall purchasing power. Interest rates can also affect the overall mood of the market. Changes in either direction can create a feeling of excitement in buyers and sellers alike.

Tip # 2 - You should be able to make more than just adown payment

At one time, house buyers could reduce payments coming out of pocket. All others were able to roll the related fees and closing costs into the mortgage. But these days, lenders want not only the down payment amount, but also their closing costs to be available in cash. And with some closing costs being 2.5% more of the loan amount, it can actually have an effect on how much home you can actually buy.

Tip # 3 - Before you start seriously looking for houses, become pre-qualified

Pre-qualifying a house loan is not a guarantee that you will be approved, but it is a good place. This is because getting pre-qualified will give you an idea of ​​how much house you can buy. Also, because your credit score, debt-to-income ratio, and down payment amount can have an impact on your interest rate, pre-qualifying will give you the information you need in the process so that you can improve your chances approve your loan at the best rate possible.

Tip # 4 - Do your due diligence when choosing an agent and / or lender

Buying a house requires a lot of research. However, your research should not be limited to just comparing places and properties. You also need to do your due diligence when shopping for a real estate agent as well as your lender. When you are buying your first house, trusting your agent and lender is paramount. Therefore, ask people you trust for referrals to realtors and lenders. Visit and talk with everyone before agreeing to use their services.

Tip # 5 - Be Ready to Move   

If you find a house you love, put in an offer and get ready to move because there are chances that things will move quickly. This is especially important if you are looking at houses priced in your budget or less. Buyers will jump on these properties because house prices are going up, they want to leave in a hurry, and so should you. Good luck!

 

SUGANTA REALTY SERVICES LLP

What are the rights and duties of the buyer related to RERA?

Section 19 of the Real Estate Act states that a home buyer shall:

• Accessed to obtain information related to approved plans, layout plans as well as approved by specific authority and other such information. 
• To know the phase-wise scheduling of the project including the provisions of water, sanitation, electricity and other facilities. 
• Entered to claim possession of the apartment, plot or building. 
• At such a rate one is entitled to claim a refund of the amount paid along with the interest and may be compensated in the manner provided under the Act. 
• After handing over the physical possession of the unit, it entered for necessary documents and plans, including common areas. 
• Responsible for making the necessary payments specified in the sales agreement at the appropriate time and place.
• They will also have to pay their share of registration fees, municipal taxes, water and electricity charges, maintenance fees, land rent, and other charges.
• Essentially responsible for participating in the formation of a union or society or collaborative society.
• Responsible to pay interest as stipulated. If mutually agreed upon by promoters and allottees, the interest may be reduced.
• Take possession of the unit within two months of obtaining the occupancy certificate.
• Responsible for participating in the registration of the deed.

How to file a complaint

• Registered allottees or organizations of any voluntary consumer association under any law can approach the Real Estate Regulatory Authority or Assistant Officer to lodge a complaint.
• The fees will be determined by the authority.
• The authority may direct that specific cases or issues be heard and decided by a single bench of the chairperson or any member of the authority.
• After giving a reasonable opportunity of hearing to any person, the authority shall appoint an assistant officer to conduct an inquiry in the prescribed manner.
• The application for compensation will be dealt with expeditiously by the officer concerned. The matter will have to be disposed of within 60 days from the date of receipt of the application.

Corona virus Precautions: How to Protect Your House

Basic hygiene is all that is required to keep your house virus free. Corona virus is not air borne but coming into contact with an infected person can affect you and your family. Make sure you follow these simple tips to prevent the spread of COVID-19 in your houses.

What is Corona virus or COVID-19?

To date, 2418592 people have been affected by corona virus (COVID-19) globally. While these are confirmed cases, many are unconfirmed and fear is lurid. If you are looking to protect your family from this disease, then here are some simple remedies that you should follow.

COVID-19 novel ways to prevent corona virus:

Sanitise your house

Deep cleaning of your property every week will limit the amount of germs in the entire house. This is not a costly affair. The house is easy to disinfecting yourself. For example, lemons, baking soda and vinegar can kill germs in the kitchen. It is also safe to use kitchen based products for kitchen cleaning. Use the mixture to clean all counters.

Baking soda can also be sprinkled on the upholstery. You just need to wait for at least half an hour for this. This may be better than chemical spraying. You can use the Do-It-Yourself (DIY) method to deal with pollution and germs in your home. Make a mixture of equal parts water and vodka with a few drops of essential oil. It will serve as a disinfectant as well as deodorizer.

Likewise, essential oils can be used to clean shower curtains, toilet rims, and damp locations. You can scrub these later. Avoid keeping the areas wet, as this is a good environment for germs to thrive. In the bedroom, make sure all linen is thoroughly rinsed in warm water and liquid disinfectant. It is advised that you change bed sheets regularly every week.

Kids room

Children can bring in dirt and germs. When you can't restrict their movement and play all the time, make sure that their room is clean at all times. If your child is using toys, make sure that you appreciate these toys. You can check the washing instructions, to ensure that the soft toys remain in shape even after washing them at home. Other toys can be washed frequently.

Surface cleaning

Ensure that all surfaces - shelves, tables, chairs, racks, switches, decorative artifacts and showpieces - are cleaned at least once a week. If there are sick people at home, then clean up all the places they may have touched. Corona virus is spread by contact with an infected person and while it is not air borne, it is transmitted through body fluids.

Corona virus infection: things that need attention

• Keep shoes and sandals that you wear outside the house, preferably outside the house, especially if there are small children in the house who can pick them up with their hands. Do not hesitate to ask visitors to take off their shoes when they arrive.
• Make sure your clothes are washed every day. If germs appear on your clothes, it is advisable not to wear them again until they are washed.
• Use separate towels at home.
• Educate your domestic help, driver and other employees about corona virus disease and provide masks and sanitizers to help them. In this way you are ensuring their safety, as well as yours.
• Avoid exposure to animals and slaughterhouses as corona virus can spread from animals to people.

Corona virus Precaution: Quick Tips

• Take a shower as soon as you come back from office / college / school.
• Avoid touching or using cups, tissues, plates, digital devices used by anyone else.
• Keep a hand sanitizer in hand and provide one of your home help.
• Avoid using public washrooms.
• Check with your child's school about those remedies.
• Avoid large gatherings as much as possible.
• Drink plenty of hot liquids.
• Avoid traveling.
• Choose to stay home when you are sick.
• Use masks when going out of the house and into crowded places.

Why real estate should be good to investment in this lockdown

Fight continues in the world due to the outbreak of COVID-19. To further maintain the risk from snowballing, the Indian government has indicated to fully affect the lockdown. As a result, nowadays, most of us are working from home. Outside life has come to a grinding halt. No matter how uncomfortable it sounds, it is probably the only way to prevent perennial corona viruses from spreading further.

Although our daily routines have been affected, this does not mean that people should lock themselves inside their homes, stop all their plans and only watch worrying news on TV about this threat. These are some of the best times when one can spend time with family, do various hobbies and introspection. The current situation is an ideal time to think about investing in sources of passive income. Eventually, some of the best opportunities emerge from a crisis.

Zoning on various options can be seen in various options like term plans, stock market and real estate. While every investment option has its pros and cons, as of now, when the stock market is recessionary and the banking sector is in a tailspin, real estate can be a great asset to place bets on. If anyone wants to do it risk-free yet, makes a commendable return, with many residential and commercial real estate options available.

Full of attractive offers: Recognizing this opportunity, developers are coming up with many attractive offers. Property prices have already corrected in the last few quarters. After COVID, many developers are offering further discounts and attractive offers to maintain their financial books. There are projects where one now needs to pay 5% to book a property. The remaining payments will start after 60 days. By that time, it is expected that the crisis will mostly end.

However, such plans are a fleeting event that developers are launching to boost sentiment. Prices have already come down and once the situation returns to normal, such attractive schemes will also be lost. Therefore, this may be the best time to buy real estate. It should not be surprising if one gets ready-to-use assets for a price equal to a new launch.

Higher yields: Real estate can offer risk-thrilling competitive returns. Although residential real estate has been stable in recent years, commercial real estate has been issuing attractive returns. A commercial property in a prime location can easily give an average annual appreciation of around 7-10%. At a time when share prices and financial markets are volatile, such a comeback can be a game-changer.

Concurrent Rental Income: Real estate can provide continuous income in the form of monthly rent. The rental component always makes real estate a very unique proposition for investing. A quality commercial property can provide returns of around 5-8%. Similarly, residential projects can give returns of around 2-3%. Therefore, this is the right time to capitalize on those possibilities.

Increased liquidity: This is a good time to invest in real estate because home loan is going to be cheaper. RBI has recently cut the repo rate by 75 basis points. The rate drop is a welcome move for the industry. In a short period of time, as a calibrated response to the reduction in repo rates, most banks will also reduce their home loan rates.

Feasible Hard Asset: The biggest advantage of real estate is that it is a tangible asset. At a time when there is too much risk investing in paper money, real estate is a safer and safer asset for betting.

Real estate is a separate asset class that can ensure appreciable ROI, hedge against income and provide recurring income in the form of rental yields. However, it has its drawbacks, as a real estate asset will take at least 2-3 months. Nevertheless, investment in real estate is always made keeping in mind the medium to long term perspective. A short-term perspective can be counter intuitive.

So in these times of social distinction, do not just shut yourself down. Use isolation downtime, do some in-depth research, learn about the various sources of passive income and make the most of this time to make meaningful investments.

STAY HOME, STAY SAFE, STAY ALIVE

SUGANTA REALTY SERVICES LLP

Corona virus outbreak 2020 - affects real estate growth in India?

Today, at the endemic of this severe corona virus, experts are busy calculating abnormal human loss worldwide. People are suffering or out of home due to the outbreak of this virus. In the meantime, the effect of the unexpected opposition to this deadly virus spreading on the global economy has been agreed.

Considering COVID - 19, the estimated loss to GDP in the world so far has been assumed to be 0.2 percent. For the grace of God, the effect is by no means limited in India. But in this scenario, it is clear that the Indian economy, which has already seen a 4.5% lower growth in the July - September quarter, will probably not remain uninhabitable due to the worldwide economic slowdown. And, the realty industry of the Indian residential market is telling a different story altogether.

COVID - 19 affects the property market in India

If the data collected from SuGanta.com is analyzed together, it is clearly visible the fall of 9 important residential markets of India by 30 percent during the time span of October to December last year. It is deteriorating for the fifth consecutive time of Q3 financial year 2019.

The trend is also the same for the launch of new projects. Since the third quarter of the last financial year, the task of starting new projects has been facing a continuous decline in the mega markets. This caused an annual decline of 44% in the October to December time period.

Despite all the government-issued schemes, including the lowest interest rate on home loans and the maximum tax exemption on purchasing any residential property in India for the first time in the history of real estate, all efforts failed to revive property demands among homebuyers are in India. He still chose to remain unaffected by all the tricks played by the stakeholders to force him to go out of his fence. For example, the government took an action to limit GST to 1% for affordable flats, which also went into the vein.

Usually, the craze of buying and selling property in India increases during the festivals of October to December, which did not happen even in 2019. And now in early 2020, there has been an outbreak of the corona virus. And, it has also probably brought the worst times in the residential property market in India. 1705732 Corona positive cases reported globally as of April 10, 2020. And, it is only growing and causing more fear around the world.

The rate of property visits has fallen surprisingly

Well, impressed by the government's plans, given how interested some consumers were in searching for property on the Internet, the Corona virus outbreak just seized them again from doing any such thing. To date, on April 10, 2020, India has reported 7600 corona positive cases. The activation of social media and news channels has succeeded in making people truly aware of COVID - 19 and everyone tries 'Stay Home Stay Safe'. People are really creating social distance by listening to the words of PM Modi. Currently, India is on a 21-day long social lockout to stop the spread of pollution. So, in such a scenario, nobody is dreaming for a site coming to buy a property in India.

Plans for project delays !!

Indian real estate is largely dependent on China, which is the source for COVID - 19 outbreaks. India needs support in matters of sourcing home furnishing essentials, construction materials, plastic to steel to electronic materials and construction equipment from China. Now, India needs to look for alternative sources as China is busy controlling the epidemic of viruses. It will shoot project delays to make sure.

Who are the top 10 builders in Bangalore? Learn more. Top 10 Builders in Bangalore

Planning to invest in your dream house in Bangalore but not sure which builder to choose?

Here is the list of top builders in Bangalore that will help in your property search. These developers are innovators in their field and have core experience in the real estate market, serving for over a decade. His experience has already earned him huge encouragement and customer support to help him reach heights of success over the years.

Each of his projects will feature unique designs inspired by the history, history and contemporary style that attracts their residences to experience the outstanding architects here. Below is the list of top 10 builders in Bangalore.

Sobha Limited: Sobha Developers is one of the leading real estate companies in India. Primarily, the company focuses on residential projects. SOBHA's footprint is spread across ten cities, such as Bengaluru, Chennai, Coimbatore, Gurugram, Gujarat (Gift City), Kozhikode, Kochi, Mysore, Pune and Thrissur. SOBHA's portfolio includes presidential apartments, luxury, and super luxury apartments, plotted developments, aspirational homes, villas and row houses.

Godrej Properties: Godrej Properties is the real estate wing of the Godrej Group. The Godrej Group offers an assortment of services including real estate development, fast moving consumer goods, advanced engineering and so on. It has garnered over 200 awards and recognitions over the years. Godrej Properties won the title of 'Real Estate Company of the Year' at the Construction Week India Awards held in 2015.

Godrej Properties is active in 12 cities in India. This real estate developer strives to create lasting value for its investors. Over the years Godrej Properties has built homes that are comfortable and luxurious.

Prestige Group: Prestige Group has carved out a niche in the real estate domain by influencing its mark in several asset classes. The Prestige Group completed about 210 completed projects, 53 ongoing projects, and they also have several upcoming projects. Prestige Group is now expanding to other South Indian cities like Mysore, Mangalore, Chennai, Hyderabad, Kochi and Goa.

Brigade Group: Brigade Group is one of the leading property developers in South India. They have a uniquely diverse multi-domain portfolio covering property management services, hospitality, property development and education. His projects span several major cities of South India such as Chennai, Hyderabad, Mangalore, Kochi, Chikmagalur and Mysore.

The Brigade Group has a wide range of residential portfolios including luxury and super-luxury apartments, penthouses, villas, independent living spaces for seniors and so on.

Salarpuria Sattva Group: The Salarpuria Sattva Group mainly focuses on developing high quality construction. The group has a portfolio of various world-class IT parks, residential, commercial, retail and hospitality properties.

Artha Group: As of today, Artha Group is the fastest growing real estate company in South India. Earth Group offers exceptional and novel concepts to its investors and homes that are precisely tailored. The group has won various awards and has also been awarded Power Brand status by the esteemed Brand Finance Institute, UK.

Puravankara: Puravankara believes that there is only one mantra for success and that is quality. They mainly focus on rigorous values, strong engineering, customer satisfaction and transparency in business functions. Purvanchal is known as the "most preferred" brand in both the residential and commercial sectors. Currently, the company has 29 million sq ft of projects under development, with an additional 88 million sq ft in projected growth over the next 7-10 years.

L&T Realty: Larsen & Toubro is present in North, South and West India with several residential, commercial and retail projects. The company is creating places of excellence through the development of several buildings, business parks and transit-oriented developments such as Navi Mumbai- Seawoods Grand Central. Being an environmentally friendly real estate developer, L&T always focuses on developing environmentally sustainable locations and campuses.

Know the difference between Porches, Balcony, Verandas, Patios and Deck

A well-designed outdoor is a lucky circumstance for all homes and all seasons. Some of us have balconies, other decks, porches, patties or verandas. While most of us have a penchant for swapping these terms (and for believing that they all have the same meaning), they each have their own character and specifications.

Porches: They are generally low and covered structures, which are located in the entrance of the building. Porches can be both: open structures without windows; or covered interior expansions that protect the home from asymmetrical weather conditions. Their roofs provide shade; This is why porches are the perfect area for relaxation during summer; Nevertheless, porches differ in different parts of the world, both in function and look.

Balcony: It is an exterior extension of the upper floor of the building; on average one meter-enclosure (railing, ballasters, etc.). Balconies can be made from any solid and good-looking material; There is no strict rule. The balconies provide outdoor areas for various activities; Especially for apartment owners who lack the satisfaction of having a personal yard.

Verandas (also known as verandas): Stand for all sorts of enclosed platforms around the house. In fact, they play the role of a ground floor balcony, such as provides access around the house and both sides of the back door of the house. While the verandas is mostly an open area and can be used for all types of outdoor activities.

Patios: They represent living space outside your home, either a proper garden or a basic rest area. Depending on their size, the patios can be both attached and open. They are usually made of brick, concrete, stone, gravel or flagstone. Usually, the courtyards are attached to the house but again it all depends on your needs, desires and possibilities.

Deck: A deck is usually a roofless platform connecting a house. The decks are usually made of wood and are elevated from the ground. This may include places to sit, food as well as BBQ. The deck is usually covered by a railing. In some cases, the deck may also be covered by a pergola or canopy.

Such places can be found in both residential and commercial buildings; And are preferred due to the remarkable urban landscape they provide. This trend is becoming so popular that construction companies have begun to specialize in the design of these modern outdoor havens.

Here you find Home on India's Most Popular Real Estate Site. View Property Price Trend. Largest No. of Listings. Buy-Sell-Rent Property. Hot Property Projects. Find By Price & Locality. Types: Apartments, Villas, Office Spaces, Shops, Builder Floors.Search by Area, Price & Amenities. Choose Your Residential Property from Lakh+ Property Options on Suganta.com. 

Built a civic body to demolish illegal expansion of about 30 houses in INDORE

Indore: A number of residential and commercial properties on the border between Hukumchand Ghantaghar Square and (Dakshin) South Tukoganj reflect the status of change in a week with Indore Municipal Corporation (IMC). More than 30 residents have been aired by the IMC with warnings to end road attacks due to frequent traffic jams and overcrowding.

IMC officials said that residents of the area have committed further construction violations on the road and pavement.

“The correct width of the road was close to 30 feet, but due to this 800 meter invasion, it has gone down to 20 feet. The behavior of vehicles on the roadside continues for the grief of the passengers. There is number of parking area and residents will park their transportation in front of their homes,” he said.

IMC's Zonal Administrator Nagenrda Singh Bhadoria said that the information has already been subscribed to all the residents of the area. “The replacement drive will be administered under the circumstances and further construction will be removed from the road. The progress of 30 about additional construction will be captured in the initial phase and realized in the next state of vogue,” he replied.

Administrators, however, could not verify the date of progress and said that they are in consultation with the district administration and police soon.

IMC officials are also examining this road as an alternate route for busy MG Road commuters, which improves traffic pressure at peak hours. "Removing the violations from this road will apply an alternative method for the drivers of MG Road," he said.

SuGanta Realty Services llp offers you a wide range of real estate market in affordable rates and trends whatever your pocket allows you as per your budget. Here you can search your property for BUY/SELL/RENT with us.

Jaipur civic body to levy tax on business units of less than 100 square yards

The Jaipur Municipal Corporation (JMC) is plotting to levy a tax on all commercial properties in the city, irrespective of their dimensions. The proposal related to this also includes structures of less than 100 square yards.
 

In a modern prediction, the Jaipur Municipal Corporation (JMC) is considering the objective of taxing all commercial properties, irrespective of their dimensions. The authority has earlier made a proposal in this regard to the state, which has petitioned the tax department to include commercial structures of less than 100 square yards. If allowed, the proposal would include homes that are practicing the assumptions of paying for the idea of ​​guests, hostels, and even a guest house.

According to JMC Deputy Commissioner Revenue, Bhardwaj, the formation of the assets already described will eventually adjust to improve the administration's resources.

Furthermore, contrary to the current situation, the marketing of items of worship would also be included on the basis of the scope of taxation, except for commercial properties built on the collection of pilgrims.

The choice is seen as an affirmative action, notably the separation of the municipal corporation into two divisions which is Greater Jaipur and Jaipur Heritage Municipal Corporation. To evaluate, the bulk of most commercial properties in Jaipur are less than 100 square yards. Therefore, tax acquisition is a challenging plan for the authority.

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