Why luxury houses are eye catching and why everyone is looking for dream house?

In today's era, we all know what is in the economic situation and other real estate market, yet there will always be people who are not satisfied with any kind of house. As a result, demand for luxury homes in India may rise and fall - but it does not go away completely.

It is driven by a rising standard of living and rising disposable income among successful entrepreneurs, high-flying corporate executives and software professionals, and by a rich score of traditionally wealthy families. They are not satisfied with only four walls, gardens, club house, gym and a parking slot. People are demanding luxurious lifestyles with high facilities.

Indian luxury home buyers have sound reasons why they want homes to be at a premium rather than 'normal' homes, here are some reasons we're trying to put them in front of everyone.

Level of affluence

Buying a luxury home is a matter of prestige - and why not? After all, most luxury home owners have bought their pride and enjoyment with hard-earned money. They want to live in homes that announce their arrival, and offer a higher lifestyle rather than just a mailing address.

Comfort

Today's luxury homes offer all the latest in modern amenities - and an ideal environment for a happy family to live and live. These houses are built to take care of the needs of a comfortable lifestyle. Facilities such as swimming pool, themed, landscape garden, club house, gym, meditation center, manicure lawn, electronic security, touch-button responsive fixtures, and entertainment and shopping all contribute towards making the available experience comfortable and enjoyable.

Security/protection

An important feature of luxury homes is that they have a very high security system in terms of the security gates and security gates of the apartments. They have top security in terms of trained security personnel and security installations that guarantee security. In addition, accidents and medical emergencies can receive immediate attention, because of the immediate response initiated by technology, and the availability of hospitals and emergency rooms at the door only.

High tech applications

Technology and IT innovations have come a long way to make the experience of living in high-end luxury homes exceptional. From solar generators to remote controlled window shutters, everything is directed towards meeting the demands of house buyers in search of an ultra-modern lifestyle.

Neighborhood / Local vicinity

The benefit of housing a family in a luxury apartment does not extend to mere suitability. Luxury housing projects are also seen as the perfect environment for children to grow up and adults to socialize. Ultimately, such projects basically create a society with a certain culture, education and beliefs - in short, a better local environment & surroundings.

Asset value

Real estate and gold are the most traditional forms of money investment in India. However, properties offer the advantage of being an asset that increases in value in every instance - and is also a 'performing asset', meaning that it would serve a practical purpose even if there was a gain in value is given the fact that the demand for luxury homes is always on the secondary market as well.

SuGanta.com is India’s most popular real estate website. We charge you 0% brokerage on new properties purchased by us. We provide a dedicated customer relations manager for you when you select an assistant buyer. All of our managers are real estate specialists who will take your unique preferences into consideration and only shortlist homes that perfectly match your needs. So you can be sure that our experts will find your dream home.

Do not buy a home in India without reading it

Very few people in the country can wake up and buy a home. For the rest of us, making a huge financial decision like buying a home takes a lot of thought and planning. We have listed the most important aspects you need to consider before making this huge financial investment.

1. Set a budget

The way you calculate how much you spend on your home should be based on how much you make and how much you can comfortably pay on EMI. You should not struggle nor live by mouth due to number of EMIs. You start by adding all the sources of income you have i.e. 

 Salary + Freelance work + Bonus = Total Monthly Income

Now, cut your monthly expenses by this amount. If you think your expenses are too high, look at the areas on which you can cut expenses. EMI ideally should not exceed 20-25% of your net pay home pay. If your EMI is 40–50% or more of your net income, you may neglect other goals to pay the EMI, or may struggle if an unexpected expense arises.

2. Save amount for your down payment

The Reserve Bank of India (RBI) and the National Housing Bank have stated that housing finance companies and banks are not allowed to lend more than a certain percentage of the fair market value of the property. It is a LoanTo Percentage Value (LTV) ratio. For example, If you are looking for a loan amount of Rs 30 lakh, then you can get a loan up to 90% of the value of the home. For loans between Rs 30 lakh and Rs 75 lakh, LTV is 80% and above Rs 75 lakh, it is capped at 75%.

To buy a home for Rs. 50 lakhs, you will get at least Rs. 10 lakhs are ready and then you can borrow the rest. Therefore, depending on how much you have saved, you can decide your budget for the home. Or, you can start investing in debt schemes, investing in mutual funds, through monthly SIPs, to build your savings.

3. Decide where to buy a home

Do your research on which areas are growing, it is better to invest here than going to already developed area. The posh areas will be very expensive and you cannot appreciate the rate you want. Growing areas may be more economical and a better option. If you want to avoid congestion in the city, check out the options in the suburbs. While it may be tempting to buy a home in other cities, it is not a good idea. There are many cases in which buyers who were not familiar with the new city got stuck with the wrong project.

You should also be aware of rental rates and resale rates in the area in which you are investing. It shows you how risky / safe investment will be here.

4. See the best time to buy

In India, the most popular time to buy a home is during summer. It is understandable that children are on their summer vacation and easy to relocate as a family, this does not disrupt their school life. Since summer is a popular time, there are many builders who offer special discounts and offers to attract buyers; you can keep an eye on these. This offer also happens during the festival season, so timing is a must. If you want to buy a resale home, be patient. There are many home owners who sell their property at great rates. You can get a home in a great bargain, there are investors who now want to load property that they bought a few years ago at a 0% margin or even for less than what they paid for. Now is your time to grab these homes.

5. Choose the right home

If you are buying a home for as an investment, do not be hasty. Shop; see more and more options before choosing a home. Talk to several builders, talk to the residents and don't leave with your first home.

See reviews, work with experienced teams like SuGanta.com who can show you many options, give you the best deals and even negotiate for you on your behalf. Find out more here. Hire home inspectors and get excellent lawyers so that your documents and home are sound.

Good luck on your home purchase! And remember, SuGanta.com is here to help you in every way. Leave us a message or reach us at SuGanta.com.

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

Market analysis of Patna Real Estate

Real estate has traditionally been a great investment opportunity. These days, high net worth individuals, financial institutions as well as locals are looking for viable options to invest in Patna real estate.

The money invested in property for sale in Patna for its income and capital growth provides stable and predictable income returns. This is similar to bonds offering regular returns on investment if the property is rented as well as the possibility of capital appreciation.

However, like any other investment option, real estate investing also has some risks associated with it, and of course, these are quite different from other investments.

Investment options available in Patna Real Estate 

Current investment possibilities can be broadly classified as:

• Residence
• Commercial office space and
• Retail sector

Real estate investment scenario is:-

• This investment option demands a higher entry price.
• It suffers from lack of fluidity and indefinite gestation period.
• Being illiterate one cannot sell some units of their property.
• The investor will have to check explicit property title specifically for investment in India.
• Property should be invested by individuals who have deep pockets and a long term view of their investment.

From a long term financial return point of view, it is suitable to invest in highly valued commercial assets. Any financier looking to reconcile their portfolio can see the real estate sector as a safe means to venture with a certain degree of enterprise.

Benefits of investing in real estate at Patna

Steady investment

Increasing wealth by investing capital in real estate indicates a more stable and healthy investment as it is not subject to market problems. In addition, real estate is considered a great investment in a weak economy. Because more and more people will be unable to take a loan on a house.

Price increases over time

Where property exists, real estate will increase in value according to market value. So as the value of your real estate overtime makes your potential income.

Considering the benefits of leverage

Consider the benefits of availing, citing your ability to purchase a rental property using money borrowed from another financial institution. Leverage allows you to invest in additional rental properties as well as maintenance of existing properties.

Significant tax deduction

Yet another advantage of buying property for sale in Patna is that you can deduct tax which allows you to deduct the cost of maintenance and repairs, improvements, taxes, insurance, mortgage interest and more. The amount and type of tax deduction you will take will depend on local laws and where the rental property is located.

Payback like Your Own Business

A person can enter this business and start living small to small, in which real estate is a profitable hobby. As an alternative, an investor can start small and over time, with some good moves, develop their business into a high-paying full-time job.

Can start small

Very few cash up front houses can be purchased from real estate properties in Patna. Some owners' payments are subsidized by subtracting earned income.

How to get better deals in Patna real estate?

There are many property dealers from whom you can buy property as a better future investment. Do you want to get qualified real estate service without fault?

Consider the following properties:

•     All embracing knowledge of selected domains.
•     Highly trained team who work tirelessly to offer end-to-end solutions.
•     Sail through the pool of huge databases User friendly structure of this portal.
•     Easy and fast navigation.
•     It offers a wide range of cost-effective solutions, specifically to meet the needs of diversion.

Why are 2 BHK apartments ideal for investment? 2 BHK - Best Real Estate Investment

The Indian residential real estate market has grown at a rapid pace over the past few years. With revised government policies, today every person can afford a household expenditure whether it is single or family. However, when it comes to acquiring a property, most buyers get confused about whether to invest in a 1 BHK apartment or a 2 BHK.

A 1 BHK is priced significantly higher than a 2 BHK, but if we evaluate market trends and other factors, a 2 BHK is more pocket-friendly and cost-effective. So, have a look at some of the benefits that a home buyer can enjoy while buying or investing in a 2 BHK flat:

Cost-effectiveness: If you go by market value, a 1 BHK apartment costs a lot less, but doing a little bit of market research will help you understand that buying a 2 BHK flat will be more cost effective than a 1 BHK.

For example, an A1 BHK apartment in Noida Expressway is somewhere between Rs 22 to 25 lakhs, while a 2 BHK cost starts at Rs 30 lakhs. So, just by applying some money, you can get more space, room space and a better unit for your family. The price chart is similar in cities like Hyderabad, Bangalore and Chennai.

However, if you take a little more out of your pocket and move to other cities like Gurgaon or Mumbai, you can get a luxury 2 BHK unit with unique features. Because of this, many potential property buyers wait and save enough money to save their money.

Market Availability: With the implementation of new policies such as affordable housing in the real estate market, a mid-segment working professional can think of buying a 2 BHK apartment at an affordable price. Apart from this, developers are also launching 2 BHK units as the demand is more than 1 BHK in the market

Spacious: A 2 BHK is roomier than a single BHK apartment. You have larger rooms and more outdoor space. Many times, many developers combine a child's room or a study room to give the 2 BHK unit a big boost. It becomes easy for you to adjust the furniture and plan the home decoration items accordingly.

Future plans: Most individuals want to buy a home when they settle down with their family or plan to have one. At this time, buying 2 BHK is always measured as a decent alternative as it is in the future. As your family grows, you need a bigger place to live. A solo BHK is good for a single person who has just started his professional career.

Returns and Profit: 2 BHK apartments are ideal investment options considered by medium-sized families or nuclear families. Philosophically, for a long-term objective, investing in a 2 BHK property is definitely the best thing you can do to get a better return on investment (ROI). 

2 BHK can be easily rented or sold due to its affordability. Therefore, with these benefits, it is always better to buy a 2 BHK apartment from SuGanta Realty Services llp.

DDA (Delhi Development Authority) housing scheme over 50,000 applications

DDA Housing Scheme 2019 which was launched in March 2019 and the last date for application extended till June, 2019. The Delhi Development Authority (DDA) is expecting that more than 50,000 applicants have applied for their housing scheme 2019.

According to DDA Vice President Tarun Kapoor, since people have applied for the scheme through various banks, it was difficult to compile the data on the same day. But as per the application money collected by these banks till last week, they have received more than 50,000 applications. Therefore, there are no plans to extend the DDA Housing Scheme deadline for this scheme. It is expected that by the evening the final figure will be out and it may take about 2-3 days to compile the amount collected.

Around 1,800 DDA flats in Vasant Kunj and Narela are being offered under the DDA Housing Scheme 2019. Of the 1,800 flats, there are 450 for High-Income Group (HIG), 1,550 for Middle-Income Group (MIG), and 8,300 for short. Low Income Group (LIG) Flat in addition, 7,700 flats were offered under the Economically Weaker Section (EWS) category. Most applications for flats in Vasant Kunj are likely to come up.

At the same time, DDA has offered 2,000 flats under the old scheme, which have been fully booked, while around 1,000 flats are still available under the old scheme. These old inventions are still available and interested stakeholders can book them online. This offer is on a first come, first served basis and the online portal will remain open till the inventory ends.

In 2014, DDA received 1 million applications for 25,000 DDA flats in the low income category in Narela and Rohini. But due to lack of infrastructure, poor connectivity to housing complexes and the extremely small size of LIG flats, around 13,000 flats were returned.

Check the registration fee for each category of flats available under DDA Housing Scheme 2019:-

·        Janta Flat- Rs 10,000

·     1BHK- Rs 15,000

·     EWS- Rs 25,000

·     LIG- Rs 1 lakh          

·     MIG/HIG- Rs 2 lakh

Applicants who can apply for DDA Housing Scheme 2019. The eligibility for this is as follows:-

• Applicant should be a citizen of India.
• The applicant age should not less than 18 years.
• The applicant should not have full or partial ownership of any residential house or plot in New Delhi, Delhi or Delhi Cantonment on leasehold / freehold basis, either in his / her own name or that of his / her wife / husband / minor /name dependent children.
• However, if the applicant's share in the land under a jointly owned plot or residential house is less than 66.9 square meters, he can apply under any scheme.
• A person who has already been allotted a house / flat constructed by DDA or any other land / own agency, even if it is less than 66.9 square meters, will not be eligible for allotment under any scheme of DDA.

Rates & Trends is a resource that provides Residential and Commercial property price trends for localities in number of cities across India. These price trends can be viewed in the form of tables or graphs from the locality's Sale and Rent perspective on SuGanta Realty Services llp. This detailed comparison lets you see the highest and lowest locality prices, apart from the average price with SuGanta.com