Real Estates

Sanskruti

2010-01-31T21:25:00.002+05:30

Site Addess:
Irani Wadi, Hemukalani Road No. 3, Kandivali (West), Mumbai - 400067.

Contact: Rhydham Estate, Mumbai (+919221868488)

Life holds different meanings for different people. Some may dedicate it to the pursuit of personal success, while others may devote it to making the world a better place. Though all walks of life however, there is one element that maintains an importance in the aspects of living - the pursuit of comfort.

Invite yourself to a refreshing promise of the luxury of contemporary lifestyle tailored with the comfort of aesthetic desing. Turn on and explore the world of exiquisite living brought to life.

Wall coating

2009-09-30T23:03:00.005+05:30

Looking solution for such wall?

What is wall coating...?

Wall coating is a mix of different minerals and chemicals and is highly durable and distinguished due to some of its rarely found quality features. This helps you to protect your wall from all kind of seepage and dampness problems.

Wall Coating is designed to use in the areas of extreme climatic conditions as well.

It provides a rare combination of quality architectural finish with economy through the ease of application with low material consumption and large coverage for long lasting periods.

Where it can be applied...?

Wall coating can be applied on the walls and ceilings of the interior and exterior surfaces. (I.e. on bricks, rough stones, etc…).

Extraordinary features of the product such as:-

Completely moisture proof
With stands against extreme atmospheric agents like wind, rain, heat, cold.
Highly durable and Almost maintenance free
Has an excellent abrasion property

For more information and testimonials, visit: http://evergreencorp.blogspot.com/

Malad (West), S V Road,

2009-08-11T20:32:00.005+05:30

contact No 9221868488
Rhydham Estate agent -rajesh shah

Amenities
Solid RCC Frame Structure designed as per Seismic Zone III standards.
Exquisite Granamite/Vitrified flooring in all rooms .
Elegant Granite platform with S.S sink and Ceramic tiles dado upto door height in the Kitchen.
Designer Ceramic tile flooring and dado upto door hight in toilets.
Concealed Plumbing with hot and cold water in all toilets with branded C.P fittings.
Concealed Copper wiring with adeqate power points in each flat with modular switches and provision for Telephone point.
Designed Elegant Entrance Lobby.
Entire Building Exterior to be painted with Acrylic paint .
Hi-end security system.
2bhk-1150,1250 sq.ft
3bhk-1560 sq.ft

Sai Baba Nagar Extension, Mahavir Nagar

2009-08-10T20:30:00.019+05:30

Contact No 9221868488, Rhydham Estate Agent-----Rajesh Shah

Project Highlights:

Free mahanagar gas connection

Free telephone connection

Intercom facillity in each flat

Three side road facing project

Earth quake resistant r c c structure

Loan available form all leading financial institutions

1bhk flats with master bed

Living/Dining

Vitrified Marbo Granite Flooring

Decorative Main Entrance Door

Kitchen

Vitrified Marbo Granite flooring

Granite Kitchen Platform With

Service Platform ,Stainless Sleel

Sink 4'Dado Coloured Glazed

Tiles ,refrigerator Point R c c Loft in Kitchen

Bedroom

Vitrified Marbo Granite Flooring

Toilet:

Coloured Ceramic Tiles Dado Up To 6'6"Height ,Hot &Cold Water Mixture ,Inseant

Geyser and Opulent Fitting

Paints

Wall and celling of the Flats finished with Plasticker and Painted With DistemperColour and the exterior of the building painted with tex/cement Paints

Electrification

Concealed Copper Wiring in all Rooms Three Phase Meter Connection in 2Bhk flats

Windows

Heavy Section Coloured anodized Aluminum Silding Windows with Marble /Granite Sill

Dish Antenna

Common Multi Channel Cable Connection Point in all the Flats.

Entrance

Decorative Entrance Lobby.

Lift

Lift of Reputed Brand.

Parking

Still/OpenCar Parking

Terrace

Brickbat Coba with Waterproof and Finished with China Glazed Tiles

Elevation

Magnificient and extravagant elevation using fabulous Architectural techniques.

Garden

Beautiful Landscape Garden

Children's Park

Play area with Children's play Equipments.

1BHK----615 sq.ft

2bHK----915 sq.ft

Rentals in Metro

2009-04-21T05:52:00.001+05:30

Rentals and capital value of office space witnessed a further drop during the January-March quarter in metros like Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Pune and Kolkata.

The financial and IT sectors, which have been hit hard by the slump, are postponing their capital expenses and giving up on excess space.

The adverse supply-demand crunch, high interest rates and low mismatch and non-availability of confidence in the economic outlook financing options, has impacted the realty sector hard in the form of substantial slowdown in construction in the last few months of 2008. Most new projects remain on paper. While not ruling out the scope of further correction in the coming quarters, the report said that the prospects of any sharp decline are unlikely. Transactions are expected to pick up in the major cities in the medium to long-term period.

With the IT sector facing a slump, the peripheral market of Gurgaon continues to be slow. This quarter witnessed an increase in the supply (around 0.25 million sq ft) of furnished space and availability of sub-lease options In Noida the current vacancy rate is around 25% to 30%.

Mumbai has also seen a southward trend in rentals across all micro markets. The central business district of Nariman Point has witnessed a significant correction in rentals over the last 6-9 months with additional secondary stock added to the micro market, taking the vacancy rate to around 15%.

Despite the general lack of demand, extended business district - Lower Parel and Worli has witnessed a revival of construction activity in many of the projects that were earlier stalled.

Real Estate Market

2009-03-27T06:43:00.002+05:30

Mumbai Buyers tread cautiously even as developers offer discounts

On a steady descent, the property prices across the city have dropped by 30-40 per cent from its peak rates. Realty research figures indicate that the average property prices in Mumbai, Thane and Navi Mumbai (Mumbai Metropolitan Region) have come down from its peak of Rs 8,136 a sq ft in June 2008 to Rs 4,607 a sq ft in March 2009. With 420 ready and 1,349 under-construction projects in the MMR, the mounting inventory has led to a more pronounced price cut in the latter category.

Eager to tide over the absolute slack, several developers are advertising limited time discounts. HDIL has done the same at its Kurla and Andheri projects, Nirmal Lifestyle at its Mulund project, Lodha at its Dombivli project as well as a slew of others with big-sized projects in Thane and Navi Mumbai. They urge buyers to go in for a panic buying till the offer lasts, claiming that there will only be an upward movement in prices hereafter. This is a far cry from the initial days of the slump, when developers dangled sweeteners like stamp duty waivers or a free car and electronic goods, ruling out any reduction in rates.

However, realty players say that with banks tightening the noose around developers, the fate of many under-construction projects is unsure. Real estate rating agency Liases Foras estimates that about 50 per cent of the ongoing projects are doomed to either get stalled or get deferred.

Property rates are bound to fall up to 60 per cent. Not only are the developers starved for money, the buyers also have no money to spare. Also no buyer wants to put his money or risk taking a loan for buying an under-construction flat.

lats in prime areas such as Peddar Road have come down from a staggering Rs 1 lakh a sq ft to a range of Rs 60,000-35,000 a sq ft. In Bandra, it has dropped from Rs 25,000 a sq ft to Rs 14,000 a sq ft.

Luxury Goods

2009-03-27T06:30:00.003+05:30

As Western markets falter, high-end retailers are searching for places where consumers are hungry for more glitzy brands and luxury products. India, in some ways, fills the bill, even as its economy cools.

While India makes up just 0.4 percent of global luxury good sales, the market is growing at 25 percent a year, according to a recent Bain & Co. study. There are 1.5 million households in India who could afford luxury goods, compared with 1.6 million households in China.

The numbers have prompted some luxury brand names to open retail stores in the largest cities in India in recent months, despite the economic downturn. New entrants say that gaining a foothold in India has not been easy, and doing business has been difficult.

Manpower crunch in Real Estate sector

2009-03-08T12:04:00.002+05:30

Real Estate sector is a sector which was hurt the most during recent recession and is now taking off.

During the real estate boom before the downturn, many developers hired more manpower than required. But during these 2 quarters of recession, the extra manpower was laid off. These employees are mostly taken in other sectors, as reality sector was damaged the highest. Now when the developers are in need of extra staff, they won't find proper staff. To find unskilled staff may not be a big problem. But for the skilled staff the case may not be same.

About 30% of the country's working population is employed in this sector and the sector is on number to 2 to give jobs, first being the agriculture. It accommodates employee from unskilled to highly skilled.

Home Loan Data

2009-01-30T18:13:00.003+05:30

The government has asked state-owned lenders to submit data on home loans sanctioned by them since Dec 15, 2008, the day on which the public sector banks had announced lower interest rates on home loans up to Rs 20 lakh following government intervention to boost demand. Bankers acknowledge that despite a reduction in interest rates to 9.25 per cent for loans up to Rs 20 lakh and 8.5 per cent for home loans up to Rs 5 lakh, the response has been unenthusiastic. Interest rates under the package are fixed for five years and the loans come with a free property insurance cover. “The flow of home loans has not picked even after the special package as there is a perception that real estate prices will fall further. Banks have explained this to the finance ministry, but it has asked for fortnightly data,” said a senior executive at a public sector bank.

The plan for the quarterly meeting with bank chiefs has not been circulated; source said that it will include a review of credit flow and the status of implementation of the packages announced for boosting economic activity. The meeting comes days before the Parliament session and barely a month before the election process starts. The public sector banks have also been asked to submit the details of all incremental lending and borrowing activities, not only for recent months but for the last three years. “The meeting will analyse the cost of funds after the measures announced by the RBI over the last four months as the government is trying to push for another round of rate cut. So, they have asked for detailed data,” a bank executive said.

According to the latest data on sectoral credit deployment by banks released by the central bank on Monday, on a year-on-year basis the growth in the total flow of housing loans dropped to 8.8% at the end of Dec 19, 2008, from 13.9% at the end of Aug 2008. The year-on-year non-food gross bank credit growth also fell from 26.8% at the end of Aug 2008 to 24.8% in mid-December. But data also revealed that public sector banks have seen a 28.6 per cent rise in credit flow for the year up to Jan 2, 2009, as against 19.8% in the year up to Jan 4, 2008. In contrast, the growth in credit flow from private and foreign banks has dropped sharply despite demand shifting from equity and overseas markets to the Indian banking system.

Bricks

2009-01-16T21:30:00.003+05:30

Brick, of course, is a modern building material. It is being used today everywhere in the world. But actually, brick is as old as the history of civilization! The Babylonians and Egyptians made and used bricks at least 3,000 years before the birth of Christ. Some excavations suggest that it was used even earlier.

The making of brick in early times was very crude. Brick is made if clay or shale and backed or burned at a high temperature. In early times, raw clay was used to make brick, but no machinery to make it had been invented. The clay was crushed and mixed with water by workmen who trampled it with their bare feet. Straw was mixed with the wet clay to hold the bricks together. The mixture was then formed by hand into different sizes and shapes and placed under the Sun to dry.

This crude method was followed by many years until it was discovered that burning the clay with fire made the bricks much harder and better able to withstand dampness. Straw was then no longer needed.

The Sun-backed bricks would have been useless in England, but in the hot, Middle-Eastern countries they proved to be so durable that some of the bricks used in ancient Babylonia can still be seen today.

Projects under vigilance scanner at Chandigarh

2009-01-12T05:34:00.001+05:30

Controversial mega projects in Chandigarh worth billions of rupees under prevailing market prices are under the scanner of the Central Vigilance Commission (CVC). The CVC has sought all files pertaining to the mega-projects from the Chandigarh administration to investigate alleged corruption in land deals.

Using its powers as a court, the CVC has announced the setting up of a vigilance commission to probe the murky land deals worth billions of rupees. The probe will be a major embarrassment for the administration top brass as local NGOs have alleged irregularities and corruption in the land deals.

“We will comply with the orders of the CVC. All files will be sent for this probe,” a senior union territory (UT) official said.

The land deals, most of which have been concluded in the last three years, have generated much controversy with the city’s mayor and senior Congress leaders demanding that UT Administrator S.F. Rodrigues, who is also the Punjab governor, give up his post as the city’s administrative head until a probe into the deals by a central agency.

At the centre of the controversy are ambitious projects like the Film-city, the Medi-city, the Amusement-cum-Theme Park and the new phase of the Information Technology (IT) Park.

The administration has not only been accused of rushing in with some of the projects but also making allotments to certain big realty companies at prices much lower than the prevailing market rates for land in the 114-square km city, which is the joint capital of Punjab and Haryana but is a centrally-administered union territory.

The 73-acre Amusement-cum-Theme Park project has not got off the ground even couple of year after it was allotted to realty major Unitech as the administration failed to extend facilities on the land. Several rules were allegedly violated in giving concessions to the firm.

Some renowned companies, like Singapore’s famed Sentosa Island amusement park, were disqualified from bidding for this project.

In the Film-city project, realty major Parsvnath was allotted the 30-acre land in Sarangpur village of the union territory for Rs.191 crore. The company, which had deposited nearly Rs.480 million, is now seeking the money back with interest. It has excused itself on the ground that the land is not free from encumbrances.

Real Estate market in Gulf

2008-12-22T19:43:00.002+05:30

The oil-rich Gulf region was considered to be immune to the problems of the financial meltdown. However, the global financial crisis is knocking on the doors of the Gulf region and the first tremors are causing a panic in the job market. The Indian expats are the worst affected with thousands losing their jobs already, according to some reports. In UAE alone, there have been about 800 job cuts in the real estate sector whereas banks have laid off a few hundred more. The impact of the financial meltdown is bound to spread to other countries in the Gulf region causing more lay offs in the near future.

Due to the economic recession, prices of real estate have crashed and Dubai, being the largest market for speculative buying, is the worst sufferer. Dubai boasts of the most ambitious real estate development projects; it is known for its tallest building, the largest airport, the biggest mall and the largest port.

The recession has taken off some of the glitz and glamor of Dubai –the banks are reviewing their credit policies and its biggest financial institution Amlak, has stopped giving home loans. Till now, Dubai has been the envy of the neighboring nations due to its fast growth. However, at present, Dubai has an outstanding debt of US$80 billion -10 billion of the loan is owed by the government while 70 billion is owed by government affiliated firms. Since it does not possess gas or oil reserves, it depends on trade for its survival. But Dubai is reacting fast. A Supreme Financial Committee has been set up to study the situation and propose solutions to the problems in the banking and real estate sectors. Abu Dhabi, the capital of the UAE, which is considered to be rich in oil reserves, is stepping in to lend a helping hand to Dubai.

The employment scene in Dubai is not looking too good. The biggest real estate developer, Nakheel has begun to cut jobs as it is scaling down development projects. In general, 80% of construction workers in Dubai are Indians. The Indian economy was being supplemented by the remittances made by the workers in the Gulf. These remittances touched a record high as the rupee fell against the dollar and it was expected that Kerala alone would receive remittances of Rs.42,000 Crore during this fiscal year.

But the situation took a downturn. Employees of real estate firms are not being sanctioned personal loans. Salary limits to procure loans have been raised, with HSBC setting a salary limit of 20,000 Dirhams for any type of loan. Easy credit is no longer available on credit cards. The Kuwait Stock Exchange fell by 30% at the commencement of the year and the government has had to step in with a 12 billion dollar bailout package.

The Gulf boom is definitely on the wane and the situation may worsen in the months to come.

Property Insurance

2008-12-09T20:33:00.001+05:30

Insurance becomes an important aspect of owning property. It provides monetary safety; a financial support to the asset.

There are plentiful Indian insurance companies offering insurance policies for property. One needs to know what one wants in order to get the best plan. To buy a policy one should consider:

- Is the policy worth the property?
- What are the clauses of the policy, is it a safe deal?
- What has been the history of the insurance company?
- What are the formalities to be done to file a claim?
- How long does it take to release the payment?
- Will that be enough to compensate?
- What is the schedule of the payment of the premium?
- Is the premium amount affordable?

If these questions are answered satisfactorily, then one can think of buying an insurance policy. However, the most important factor that one should consider is that one has to pay the premium on time and fully to avail all the benefits of the policy.

There are some policies that need complete payment of a number of premiums before any claim can be filed while some other companies can avail a claim even on payment of lesser premiums. The latter type should be preferred. A common clause of insurance is that no claim can be filed within six months of buying the policy.

To get proper policy, call policy brokers of different companies and ask them to give detailed list of the dangers and a plan for sufficiently treating them. For this, you must consider that the policy should protect you against all losses and damages in the case of the prevention of any unfortunate event. If you cannot find such a policy, each category of your possession must separately be treated.

Property insurance protects you in two ways:

Financial Loss: Your property insurance will reimburse you for losses if your home or personal belongings are damaged by fire, your belongings are stolen or if any other unexpected situation that is specified under your policy occurs.

Your property insurance will also protect you against liability for accidental damage to someone else's property.

Feng Shui for Dining Room

2008-12-02T19:45:00.006+05:30

What are The best locations for the dining room In a home?

Ideal positions for the dining room are East (a more lively atmosphere), South - East (best for conversationalists), West (great especially for newly weds or singles looking to be a newly wed as this location is good for pleasure, romance and entertainment) and North – West (the best location for serious entertainers who want a more formal, serious atmosphere) of the center of your home. At all costs try to avoid a dining room that is North - East from the center of the house as this is known to produce fast-changing sharp chi energy and is not the ideal place to have a relaxing meal. Also try to not locate it within sight of the front door. As in most Feng Shui rooms it is best to have two doors that allow chi to circulate, but if doorways on opposite walls are directly in line with each other chi will move straight through the room.

What are the best furnishings and accessories for a Feng Shui dining room?

The following tips should be reflected upon when creating a perfect dining experience.

1. Floors:

If at all possible use natural wood floors. (They have a neutral effect on chi energy and are easy to clean.) Some experts say to avoid rugs and carpets. Others seem to think that a thick rug or carpet adds a soothing texture.

2. Flexible Lighting:

Dimmer switches are a must! (They offer low lighting for romance, brighter lighting for parties and everyday use in between.) Candles have long been added for energy, which helps to produce a warm vibrant atmosphere for any occasion.

3. Furniture:

Easy-to-clean surfaces are essential. Wood is ideal since it doesn't speed up chi energy. Different woods affect chi energy differently. (Softwoods such as pine and elm are more yin and are best for everyday relaxed family meals - dark hardwoods such as oak, mahogany and teak are more yang, which is more appropriate for formal occasions such as dinner parties.) Hard surfaces like marble and glass speed up the flow of chi energy across the table, making for a more stimulating but also more edgy atmosphere. The shape of a dining table can be more yin or more yang - a round or square table is more yang and carries dynamic chi energy. An oval or rectangular table induces a more gentle energy, which is better for relaxing dinner. (Although many Feng Shui experts say to avoid square and rectangular tables as they limit you to only four directions. An oval shape is recommended as the best for Feng Shui design.) The dining room is an exception to the Feng Shui guideline of aiming to leave some open space in the center of every room. Here the dining table itself should occupy the center position. It is also very important to choose a table that fits the size of your area to make sure there is enough room to walk around the table (equal space around the whole table works best). It has been said to avoid any sharp corners that face your guests. Too much heavy, dark, old furniture - especially when it is squeezed into too small a space – also creates a heavy, dark feeling and blocks the flow of chi. The door should not open too close to any chairs and the honored guest position should face it.

4. Limit the accessories:

A mirror on the wall or sideboard, reflecting the table, enhances the healthy chi energy produced by the food. Mess is death to any Feng Shui room, minimize as much as possible. A crystal chandelier over the center of the dining table will help to balance chi in the room. Remove all clocks and calendars so none of the time pressures from the day carry over into the meal. One definite mistake is to have a television in view of where you eat. Using a tablecloth, rather than individual placemats, is a great way to encourage closeness among your diners.

The Imperial, Mumbai

2008-11-13T16:47:00.004+05:30

Mumbai's first major skyscraper project, and really, the project that can be heralded to have cemented the way for the boom, Shapoorji Pallonji & Co Ltd. / SD Corporation's twin Imperial Towers, designed by Mumbai architect Hafeez Contractor as his most recognizable project, was designed as Mumbai's tallest towers.

Then called "SD Towers" or "Tardeo Twin Towers", the years long litigation and hard-won battle for construction rights was the change that heralded the 'new India' economic boom model of urban redevelopment over the paralyzing nexus of 'old India' socialists and special-interest groups that for years had kept Mumbai underdeveloped.

The towers are built on former slum land where the current re-development model of builders providing free land and rehabilitation to slum dwellers in exchange for rights for property development, was first put into practice on a big scale. This model became the standard for slum redevelopment across the city, and across India as a whole.

The towers are ultra-high end residential towers that sold out even before the first brick was laid. The Imperial offers sea-views by virtue of its height, and a resort-like gardens and fountains on top of the parking-structure podium, with hanging gardens that mask the structure itself.

While construction hasn't yet progressed so it is noticeable, it is surrounded by several 45-55 storey residential towers, creating Mumbai's first skyscraper cluster. Though a temporary stay has been put on construction owing to some legal matters, it is expected to be finished by 2009.

Beautify Your Home

2008-11-06T13:58:00.002+05:30

The furniture of the living room should be placed in such a way that family members can communicate easily. If the living room is big enough then do not place the sofas and chairs along the walls, place them around the center table.
If any space if left then arrange desk and chair for sitting individually.
Keep a masterpiece like wall unit or picture frame in the living room at an eye-attracting place.
Do not keep furniture of different dimensions with each other.
If any article is small in height then keep a hanging art work above it.
In a small house bedroom is used not for sleeping but for reading or performing exercise also. The bedroom with dim light is good for sleeping. But for reading and exercise, the you must illuminate bedroom. Make different arrangements for different activities.
If television or computer is kept in bedroom then make sufficient lighting arrangements with overhead and portable lights.
If any of the partner reads before sleeping, then arrange personal lights so the partner can read without disturbing other.
Arrange direct light near computer, sewing machine, soft light in seating area and bright light above dressing table.
Keep an art work behind the bed. And paint the wall behind the bed with different colour.
If bathroom is small, a mirror light is enough. But if it is big, then additionally ceiling light is also required. And hanging light will beautify the bathroom.
Frame- less mirror gives a modern look to bathroom.
Make a cabinet in kitchen, above dishwater or gas or oven to keep glasses, dishes, plates and bowls.
Platform should be according to the size of the kitchen.
Carpet should be of matching colour with wall and furniture, and should be of perfect size.
Colour what it looks on the card, may not look on the wall. So before finalising get a trial patch painted on the wall.

Pune, upcoming metro city

2008-11-02T18:34:00.005+05:30

Recently metropolitan city in India are Delhi, Mumbai, Chennai, Kolkata, Bangalore and Hyderabad. Recent Assocham Eco pulse (AEP) study suggests that Pune may be the added to the list.

The rising appeal of Pune is evident from its highest real estate prices and maximum population among the other upcoming cities. Pune is the best city offering optimistic business environment. The AEP analysed four tier II cities Ahmedabad, Pune, Lucknow and Chandigarh. The parameters necessary for a metro city are social infrastructure, infrastructure availability, real estate cost and availability, transportation facility, presence of quality educational institutes, employment opportunity, facility of financial services and business environment. Pune occupied the first position though it needs to improve on social infrastructure, transportation and financial services.

Pune with 26 malls and 25 category star hotels (both maximum among the four cities under survey) ranked it first in employment opportunity and business environment, infrastructure availability and real estate cost and availability and educational institutes. But it stood 3rd as far as social infrastructure, financial services and transportation were concerned.

In real estate prices and availability, Pune stood first, Chandigarh being the second, Ahmedabad third and Lucknow the last one. It is learnt that process for acquiring land in Lucknow is the most time consuming.

Pune lost out to Lucknow and Ahmedabad on account of transportation facility and connectivity.

Pune carved the maximum share of 32.74 per cent in the total jobs tracked by Assocham Placement Parameter for the period January-June 2008. The prominent sectors attracting large number of aspirants include IT, manufacturing, engineering and academics among others.

“There is a grave need for a seventh metro city in our country as most of the present six metro cities in India are facing pressure of rising migrant population, crumbling infrastructure facility and manpower crunch, along with exhausting office and residential space and rising rental cost” said the Assocham spokesperson.

Home Loans

2008-10-22T14:56:00.002+05:30

There are many types of home loans available in India offered by various Banks and Housing Finance Companies like:

Home purchase loans : Loan for purchase of a house.
Home improvement loans : Loan for repair works and renovations in a home already purchased.
Home construction loans : Loans for construction of a new home.
Home extension loans : Loans for extending or expanding an existing home.
Home conversion loans : Loans for those who have financed the present home with home loan and wish to purchase and move to another home for which some more fund is required. Existing home loan is transferred to new home without need of pre-paying the previous loan.
Land purchase loans : Loans for purchasing a land (plot) for both home construction and investment purpose.
Bridge loans : Loans are designed for people who wish to sell the existing home and purchase another. The bridge loan helps to finance the new home until a buyer is found for the old home.
Balance transfer loans : Loan to help you to pay off an existing home loan and avail the option of a loan with a lower rate of interest.
Refinance loans : Loans to help you to pay off the debt you have incurred from private sources like relatives and friends for the purchase of your present home.
Stamp duty loans : Loans for paying stamp duty.
Loans to NRIs : Loans for NRIs wishing to build or buy a home in India.

Why one should take a loan ?

The loan not only gives you tax benefits, it gives you the facility to repay the loan in EMIs. Both principal as well as interest paid attract tax benefits.

But the loan does not come free.

Other costs are involved.

Processing charge : It is a fee payable to the bank or hosuing finance company at the time of applying for a loan. It may be a fixed amount or may also be percentage of the loan amount.
Pre-payment penalty : When loan is paid before the expiry of the agreed duration, the person has to pay penalty fixed by the company / bank and it may 1-2 % of the amount being pre-paid
Commitment fees : Though not all banks / companies, many banks / companies levy a commitment fee in case the loan is not availed of within a stipulated period of time after it is processed and sanctioned.
Miscellaneous charges : Some lenders may levy a documentation or consultant charges.
Registration of mortgage deed.

If you want a loan, though you like it or not, you have to pay these charges.

Documents required.

Income proof : A salary slip for employed, or IT returns of at least 3 years for self-employed.
Residence Proof : Ration card, land line bill (preferably MTNL), Electric bill.
Photo ID Proof : Driving License, Pan Card, Voter's ID card etc.
Age proof

Property at Chandigarh

2008-10-16T14:29:00.002+05:30

Mohali Hills is a secure 3,000-acre environment situated in Chandigarh close to the foothills of the Himalayas. The development includes “The Villas” and “The Views” and benefits from golf courses, leisure and shopping facilities and much more.

Chandigarh is one of India’s newest cities and the capital of Punjab and Haryana. It is an outstanding city with post modern architecture inspired by Le Corbusier.

The development provides every convenience for the ultimate in contemporary living.

Nine hole executive golf course
Club house
Swimming pool
Unisex-gym
Jacuzzi
International school
Club house
Community parks
Multiplexes
Commercial complex

“The Views” form part of the Mohali Hills development. All the apartments are fully air conditioned and feature CCTV, an intercom facility and full power back up. The two storey penthouses have large terraces with secluded gardens and stone paved walkways.

“The Villas” is nestled within a magnificent landscape at Mohali Hills and will be classified into two distinct styles, deluxe and luxury. Each of these styles celebrates architectural grandeur, and offers the best of Andalusian, Mediterranean and Spanish architecture and each villa is designed in a distinctive, contemporary style.

Recent Updates on Other Blogs.

2008-10-14T16:01:00.001+05:30

Updates on other blogs.

2008-10-14T15:56:00.001+05:30

Project at Borivali

2008-10-12T20:33:00.006+05:30

A 10-Storey tower depicting a fine example of an aesthetically designed architectural concept of modern housing with the finest & the latest amenities available in the market. Located in a quiet and green surroundings within 3 minutes walking distance from Link Road and 20 minutes from Borivali Station. It is situated nearby the sprawling Veer Savarkar Joggers Park and Children Park with Boating facility and in close proximity to Super Markets, Banks, Hospitals, Jain Temple and upcoming Malls.

Builder : Karnani Builders & Developers

Amenities

1. Earthquake resistant RCC Frame structure design.

2. Imported vitrified/granite flooring in the entire flat.

3. Granite Kitchen platform with stainless steel sink, tiles dado up to 3 ft.

4. Designer bathrooms with decorative fittings.

5. Concealed copper wiring with designer switches.

6. Colour anodized sliding windows.

7. Decorative main door.

8. High quality painting on internal and external walls.

9. Reputed make lift.

10. Latest security system for highest security.

11. Cable TV and pipe gas in kitchen (subject to availability by Mahanagar Gas Ltd.)

Contact : +919221868488 (RAJESH SHAH)

Disclaimer Clause: The developer reserves the right to make any changes or modification in any of the matter represented in this website. The matter presented is informative of the subject building and is intended for that purpose only. The developer may at any time provide modifications to the matter presented at their discretion.

Colour for Home.

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Colour theory basics :

To describe a colour three terms are used namely hue, value and intensity. Hue describes the colour itself like green, brown, gold. Value refers to how light or dark the colour is. Intensity is a bit more complicated. Primary colours are red, yellow and blue and secondary colours are orange, green purple. Primary colours are the only pure colours that exist. All other colours are created by mixing a combination of hues. Intensity refers to colour saturation - the amount of pure colour in a given tint, which can be seen as the difference between the red of a firetruck and the red of a flowerpot.

Neutrals :

Since all colours except primary ones are made by mixing pigments together, every colour belongs to a specific family. Light brown is a soft light brown with a pink, yellow grey or green. The difference seems very minute. Put a beige-to-green sofa against a beige-to-pink painted wall and the effect is magnificent.

Ignore colour names :

Different colour names are given by different companies to the same colour or may be similar names to different colours. So when you select a colour do not go by name.

Take samples :

Select colors based on where they appear in the manufacturer's display, and take the samples home, where they can be viewed in the room in which they will go. Study them in daylight and in whatever artificial light is prevalent in the space, on sunny days, and rainy ones. Be certain that the sample taped up is large enough to give a true sense of the color-3” x 5” is the smallest, and larger is better. When the choices are narrowed down to two, buy a small quantity of the paint, and roll on a 2’ x 2’ square right on the wall. Repeat the study steps until the colors have been viewed in every possible lighting condition.

Pick paint last :

Paint colors come in an almost infinite variety, and computer matching technology has given home decorators an even larger palette. When selecting a paint color as part of a total room color scheme, start with the item with the fewest options. This will probably be the flooring, but might also be upholstery fabric, or an antique tapestry. It’s a million time easier to find a paint that matches the rug than it is to find a rug that matches the paint.

Realty Market : A balloon set to burst

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In Delhi and Mumbai, buying interest in real estate market is seen going down and new dealings are less. In a survey brokers say there is decline in deals done by them.

In metros, money from politicians, builders and under world pushed the prices of property to new highs, and the hike was not natural. A positive effect in the market was due to ever increasing Sensex. Those who earned from share market invested in real estate. Now the Sensex has slipped from 21,000 to around 13,000. Interest rate on home loan has also increased. In such a scenario, the real estate market has to fall.

In sub-prime crisis in USA, Indian IT companies are in problem, because they were getting BPO business from multinational companies in USA. To cut the expenses, IT companies may reduce their staff or stop increment in salary. The company will not need any more property for their office. This is the reason, prices in properties are declining faster at Bangalore and Hyderabad, IT hubs of India.

In Mumbai, figures from registration office, indicates that new deals in properties is less by 12000 during the year. This decline is about 20 %.

In Mumbai, 1992-1996 was a bullish period for estates and then in 1996, bearish phase triggered which extended upto 2003. And again 2003-2007 was bullish. The pattern of increase in price was similar during both the bullish period. For the latest bullish period, besides share market, decrease in rate of interest was also the prime reason. Rate of interest from 16 % in 1996, decreases to 7 % in 1993. Low interest rate prompted employees with good salary to buy a home on loan instead of staying in a rented house. Now interest rate on home loan has gone to 12 %, that forced the employees to sell the flat and go for rented house again.

In 1995, when share market got down, there was 30-40 % decline in estates all over India, and that too is feared again now when share market is not in a good position.

But yet, big builders who are capable of holding, do not sell properties at lower price, but offer discounts to the purchasers. Swastik Builder of Thane offered a car against sell of a flat. Even that was not enough to attract buyers, the builder arranged with a co-operative bank which passed loan at 8 % for the purchaser.

The rents are reduced by the owner of flats and this is an indication of the bearish phase in real estate. And if this happens it will continues at least for more 7 years as the last period.

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Stamp Duty

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STAMP DUTY is a tax similar to any tax one pays to Government. And other taxes, it should be paid on time and must be paid fully. Any delay in the payment attracts penalty. If it is not paid time or not paid fully, it attracts penalty at 2 % per month on the deficit amount of the stamp duty. However, maximum stamp duty can be 200 % of the deficit amount. It is payable on the day or before the execution of the documents. The pay order should be issued in favour of “Superintendent of Stamps, Mumbai”.

You can find out the market value of the property and the stamp duty amount on it from the ready reckoner as follows:

You should know the division / village name and C.S / C.T.S. number of your property, which is written in all the agreements done before.
From ready reckoner, locate your valuation zone and sub-zone with the help of the division / village name and C.S. / C.T.S. number of the property.
From the table know your rate per square meter, then multiply the rate with the built up area of your property in square meters. You will get a value. Reduce or increase this value for lift and depreciation as per the valuation factors given in the Ready Reckoner and you will get a market value. Find out the stamp duty amount applicable to you as per the market value.
The department also does this procedure for a nominal fee. This procedure of valuing the property and calculating the stamp duty is known as adjudication.
In case of a signed document, adjudication must be done within one month otherwise two percent interest per month will be levied as penalty from the date of signature.
An adjudicated unsigned document is valid up to six months from the date of adjudication order up to December 31 of that year whichever is earlier.

The addresses of the stamp office in Mumbai are as under –

The Superintendent of Stamps

General Stamp Office,
Ground Floor,Town Hall Building,
Shahid Bhagat Singh Road, Fort,
Mumbai 400 023.

Office of the Superintendent of Stamps

First Floor, B.M.R.D.A. Building,
Bandra (East),
Mumbai 400 051.

Stamp Office

Town Hall,
Collector's Office Compound,
Thane (West) 400 601.

(The Thane stamp office is open on Tuesdays and Fridays only and is closed on the 18th of each month for accounts purposes. If the 18th happens to be Tuesday or Friday, the office will be open on the next working day)