25Sep
By In Real Estate Company in Thane

3 Reasons Why One Should Hire a Real Estate Company

Now that you have decided to purchase your first house, what are the major aspects you have considered? Well, it definitely has to be location, the facilities and most importantly the budget. You have a long way to go before you finalise on the house or property you like. For a person who is buying a house for the first time, it is important to seek an expert. This is where the importance of getting in touch with reliable real estate companies comes into the picture. With years of experience, these companies can help in shortlisting the properties according to the buyer’s needs and preferences.

Here are some reasons why hiring a real estate company a good option when buying a house:

Better Access

A real estate company aims at offering the complete list of the available properties in the area you are looking for. If you plan to do all the searching by yourself, then you are bound to lose out on some great opportunities. You should know, the real estate market is quite tricky, and no one can understand it better than a real estate company. The team of agents are there to guide and help through the whole process. In short, you have easy and complete access to all the properties listed by the company. Say, for example, if you are looking for a house in Thane, then a reputable real estate company in Thane will help in tracking down the house that best meets your criteria. Well, the same does not happen when you plan to do this job all by yourself.

Has Local Real Estate Market Knowledge

As a buyer, you should know, the real estate market is different from town to town and even neighbourhood. Having a thorough understanding of the local market when buying a house is of paramount importance. However, a company will take care of this aspect as they are well versed with the local real estate market. Besides, the experts keep themselves updated of the real estate market price thus ensuring you get the best deal.

Availability of Both Ready-To-Move-In and Under Construction Properties

Apart from helping a buyer, real estate companies have easy availability of both under construction as well as ready-to-move-in apartments. You can choose the one that best meets your needs and requirements. If you are planning to move immediately, then you can opt for ready-to-move-in apartments. If you are in a hurry, then how about investing in under construction properties.

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18Sep
By In new residential projects in Thane, under construction projects in Thane

4 Tips for Safe Investment on Under Construction Projects

Buying a home is quite a lengthy process. It requires a lot of research, consideration of budget, amenities and more. In short, it is a big step and requires a lot of preparation. When talking about buying a house, a lot of homebuyers tend to get confused between ready-to-move-in the house or under construction. Both of them offers pros and cons. Well, it is under construction properties that attract a lot of homebuyers for end number of reasons. However, you should also know that it is quite a risky affair for there might be a delay in possession and more.

Considering this factor, here are some aspects you need to keep in mind when planning to invest in under construction projects in Thane and around:

1. Bank Approval

When it comes to buying a house, a lot of buyers tend to rely on home loans for the purchase. In such a case, it is of paramount importance to know the project has received approval from the bank. This further makes the whole process of availing and applying for loans easy and hassle-free.

2. Check the Legal Status

You cannot just rely on the under or new construction in Thane and around just because it is reputable. As a potential homebuyer, it is your duty to do a complete background check as far as the legal status of the property is concerned. You can ask the builder for the legal status of the construction, just to be sure. Ensure the ownership of the property. Apart from this, also ask for the legal report on the construction to ensure it is on paper.

3. Payment of Booking Amount

This is one aspect you should not neglect on. Now that you have paid the booking amount ensure you ask for the receipt. There is every possibility the developer is fraud and to avoid misuse of your money, ask for a receipt. Do not forget to ask for an allotment letter which has all the details about the property and the money.

4. Get the Possession Letter

Always remember that the purchased house is not yours unless you get the possession letter. Once the construction of the property is completed, you are advised to ask for a possession letter from the constructor or real estate company.

All these aspects are well taken care of by reliable and reputable real estate companies offering new residential projects in Thane and around. Besides, ask your builder for building plan, commencement certificate, layout duly approved by the authority, development and sale agreement and so on.

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12Sep
By In NRI investment, NRI Property Investment

NRI property investment – Know the Dos and Don’ts

The real estate market is considered to be a fine investment, and hence you will find Non-Resident Indians or NRIs investing in the same. No matter what the market rate is, real estate is considered to be a lucrative option. Well, apart from exercising essential due diligence, it is of paramount importance for the NRIs to adhere to the laws and regulations related to NRI property investment, no matter whether you are selling, buying or renting a property. The realty market in India has always been a perfect investment spot. Well, an NRI can choose from a large range of options in both commercial and residential segments.

Here is how an NRI planning property investment in India can benefit:

Tax exemption

Not many know, but Non-Resident Indians (NRIs) can easily invest in India and yet manage to save tax just like a resident of India. An NRI can claim a tax deduction on principle repayment and interest component on the home loans. Besides, the property sold after two years from the date of purchase, profit earned on the capital gain is excused from the income tax.

Property Prices Are at the Lowest

As an NRI you are advised to make the most of the slow real estate market. It is not that the real estate market is bound to be steady all the time. While the prices are down, make the most of it by investing in the right property. A lot of investors tend to wait for the prices to go down, which happens rarely. However, you can definitely benefit from the same.

Rental income

An NRI can invest and also earn rental income without any hassle. Though 30 percent of Tax Deducted at Source or TDS has to be deducted by the tenant, the outstanding sum can be repatriated under the Foreign Exchange Management Act (FEMA) rules.

Retirement Benefits

Well, though the concept of a reverse mortgage is popular in the US, India is still gearing up for the same. NRIs planning their retirement can easily invest in India and procure benefit of the reverse mortgage. The sum acquired from the bank for this mortgage type is not considered in the taxable income of an NRI. In this way, a retired NRI can enjoy the benefits of the NRI investment in real estate. Apart from this, an NRI can even take money from the banks as a part of the reverse mortgage of the property.

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8Sep
By In 3 BHK flats in Thane, 3.5 BHK flats in Thane, neelkanth woods olivia

Planning to Buy a Home? Know the Ins and Outs!

There is no such place as home. It is comfortable and relaxing. In short, it is your heaven after a tiring day at work. Nothing beats the love and comfort one gets when in their own house. It is a place you call own. Every individual wants their dream home to be perfect in every way possible. You might have decided to buy your first dream home. While you are all in a hurry to make a purchase, timing and patience are two essential elements. No matter whether you plan to purchase 2 BHK or 3 BHK flat in Thane, ensure you have all these aspects in place. For first-time homebuyers, here are some tips that make the whole experience a hassle-free and smooth:

Documents Are Vital

When you are buying a house, having necessary documents is vital. It makes the whole buying process easy. It majorly includes sale deed, latest tax paid receipt, electricity bill, bank statements and so on. Besides, you are also advised to check the title deed of the land. Besides, confirm whether the builder has the complete right to it. For people, who are buying resale properties, ensure you ask for previous property tax receipts. This ensures, there are no pending bills. Apart from this, also ensure you check the layout of the building for a complete understanding.

Cheap Does Not Equate to Good

Price is one of the major deciding factors for many first-time homebuyers. Well, this is one major mistake and should be avoided at any cost. You may think buying a house or apartment in an area which is far away for it is offered at an affordable cost will do you good. However, it does not necessarily mean quality too. Well, it does come with some cons too, long commutes to the working area, shopping areas, school, healthcare institutions and so on. A 3.5 BHK in Thane offered by a number of developers understand these factors are often considered by homebuyers and offer apartments incorporated with these facilities. They believe in constructing a building in an area which is close to these basic amenities.

Do Not Forget the Credit Score

Your credit score matters when it comes to purchasing your dream home. A person having credit score 750 and above is considered to be excellent. This helps in getting loans quickly, in case you want to. When applying for a home loan, do a thorough research on every bank and opt for the one that offers a low rate of interest. Always remember that credit score does matter when applying for a home loan. The better your credit score, more are your chances of getting the desired loan.

Happy home hunting!

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1Sep
By In 2.5 BHK flats in Thane, 3 BHK flats in Thane

Know What Makes A Perfect Neighbourhood

Buying a house is not easy as there are several factors you need to keep in mind. While there are many factors that need to be considered, it is a location that plays a major role. What would your criteria will be for your property selection, besides budget? Obviously, every home buyer has different needs and preferences that majorly depend on the size of the family and their needs, when looking for an ideal neighbourhood.

So, no matter whether you are looking for 2 BHK  or 3 BHK flats in Thane, there are some essential components that families expect from the ‘ideal neighbourhood’.

Safety

Undoubtedly, no one wants to invest in a locality that is prone to thefts and other criminal activities, no matter minor or major. Considering this aspect, a lot of family members look out for safe streets and a neighbourhood. For the same, the major considerations include wide pavements that allow everyone to walk around without the fear of an attack. Besides, the locality should have CCTV cameras installed for advanced security. A lot of builders understand this aspect and ensure it is incorporated.

Proximity to Vital Services and Stores

You definitely know that life is full of surprises and do not know what will happen next. Considering this aspect, having vital services and stores at close proximity is of paramount importance. Ensure your neighbourhood is in proximity to healthcare institutions, electricians, firemen, educational institutions and more. Apart from this, ensure other essential services like bakery, salon, restaurants are close. After all, this is what makes a perfect neighbourhood.

Open Spaces and Parks

Another vital aspect a lot of homebuyers tend to consider when looking for 2 BHK in Thane or 2.5 BHK flats in Thane is parks and open spaces. Buyers look for large parks and open spaces as it serves as a perfect spot for children to play, elderly to have a walk and so on. Besides, it also helps in spending some quality time with families and neighbours. Builders do consider this aspect, and you will find them mentioned in the amenities sectors. After all, this is one amenity that tends to attract a lot of buyers.

These are some factors homebuyers tend to consider when looking to buy a house or apartment. Obviously, it is happy residents that make safe a safe neighbourhood, but these aspects ensure you buy an apartment in a great and ideal neighbourhood.

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