25Nov
By In NRI investment

Do’s & Don’ts To Keep In Mind While Planning To Rent A Home

Buying a property is considered to be a feasible option and a long-term investment. However, as an NRI have you ever thought of renting a property than buying one? Well, renting a house is an excellent option than the purchase of a house. You should know it comes with a number of benefits. A lot of Non-Resident Indian prefer to have their own share of investment in properties. They also look forward to getting the best deals for a magnificent house. NRI investment in real estate is not only about buying, but also renting. If you happen to rent a right house, you can say lots of money.

You should know renting a house or buy a house has its own share of problems. It is definitely not a small task. If you have decided to rent a house especially if you are here for a short stay, then mentioned below are some dos and don’ts you can follow before signing the papers.

NRI investment in real estate

Understanding the Rent Agreement

Don’ts – A lot of renters including NRIs often neglect the importance of going through and understanding the rent agreement produced by the landlord. In case, you do not understand anything; you can ask your landlord to explain the same.

Dos – You are highly advised to understand every bit of information written on the rent agreement. In case there are any changes, ensure you get them in writing to avoid any problems later on.

Overlooking the Inspection Aspect

Don’ts – Do not ever think that the house you are renting is perfect in every way possible. There is every possibility of finding out the house has leakage issues, roofing problems and more later.

Dos – Do make it a point to inspect the house you are renting thoroughly. If you notice any primary or minor problem, ensure you bring it to the notice of the owner. A lot of landlords tend to allow the renters to take a tour of the property thus helping them to list down the damaged area that needs repairing.

flats for sale in thane

What About Pets?

Don’ts – Do not ever make the mistake of hiding your pet and not discussing the same beforehand. If your landlord gets to know about the same later on, it can land you in soup.

Dos – Before you sign on the dotted lines you are advised to discuss whether pets are allowed in the house.

Make Timely Payment

Don’ts – Though you are an NRI, the payment needs to be done on time. Not paying your rent on time or several late payments can lead to eviction or even costly fees. Do not overlook your due date for rent.

Dos – When you pay your rent on time, you stand to be in the good books. This further leads to increasing your lease agreement to few more months or even years.

These are some of the essential dos and don’ts one has to keep in mind when planning to rent a home. If you still want to purchase a home, then consider looking for flats for sale in Thane as they are the best option.

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12Nov
By In 2 BHK flats in Thane

How To – Plan Out Your Home Loan Repayment

Home loans over the years have gained immense popularity. It has helped a lot of potential homebuyers to buy their dream home or property. It is a feasible option when all the other doors are shut. In short, there is no more room for complaining about not being able to purchase a home due to lack of finances. Well, now that you have taken a home loan for 2 BHK flats in Thane, you know you have to repay it on time and without any delay. Delay in the same only leads to increasing the interest rates. This is where the importance of planning your home loan repayment comes into the picture. If not planned appropriately, home loan repayment can take a huge toll.

An individual can easily reduce the burden of home loan repayment through prepayment, either full or partial, increasing the EMIs or even shifting to another loan. Coming to the topic of how to plan your home loan repayment, mentioned are some tips that might come handy:

Know the Ways for Repayment

You can take advantage if the loan offers the flexibility to increase regular repayments or lump sum repayment without incurring additional charges or fees. Other than this, you can even decrease the burden by making frequent repayments. It can be done either weekly or fortnightly, whichever suits you the best.

flats in thane west

Pay Off the Mortgage Quickly

One of the finest ways to save some finances on loan is by paying off the amount as quickly as you can. You should know the interest rates tends to increase when taking your time to pay off the loan principal. This further leads to higher loan cost overall.

Place Your Home Loan Repayment with The Cycle of Income

Another amazing way you can add when planning our home loan repayment is by aligning the repayment with the income cycle. In simple terms, you can pay the loan amount as and when your salary is credited. So, if you get your salary fortnightly, ensure you make the repayments fortnightly. By doing so, it maximises the amount that is paid against the home loan.

Do Not Lower the Repayment

You are advised not to lower the repayment even if your minimum home loan repayment drops because of a decrease in the interest rates. In fact, you tend to pay off the loan amount much quickly when you maintain your current repayment. This ensures you make your repayments on time, in fact, more than what was discussed.

under construction projects in thane

Deposit Any Spare Cash If You Have

Another great aspect to reduce your burden or to repay the home loan is by paying extra repayments whenever you can. This further helps in reducing the interest cost of the home loan.

These are some of the simple yet useful tips one can consider when planning out your home loan repayment whether for ready to move-in apartment or under construction projects in Thane.

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5Nov
By In Real Estate Company in Thane

Legal Details to Keep in Mind While Planning Your Home Purchase

Undoubtedly, buying a house is one of the biggest purchase a person can make. Apart from the biggest, it is also a complicated one. Considering this aspect, it is vital to be aware of the legal aspects that revolve around buying flats in Thane West or around. You do not sign an offer to purchase without looking into the legal aspects it comprises of. You might have spent most of your time in searching for a property or house that meets your needs. Now, that you have shortlisted some, it is wise to know the legal details that revolve around it. This further avoids you from getting involved in any legal conundrums later on.

Get to know the legal aspects and documents that need great consideration before making your first home purchase:

Title Deed – This is one of the vital aspects you need to check when making a home purchase. You should know if the title is not perfect and free from any hindrances, a seller cannot transfer the property to a potential buyer. An individual claiming to be the seller cannot sell the property if it is not under his name. You can get information of the title deed at a Sub-registrar’s office. As a buyer, you are authorised to get all the property title documents. Ensure the title is free of any disagreements over the property’s ownership. While checking, do ensure the seller has the property’s ownership or just the rights for development.

real estate company

Master Plan – When making a home purchase you are bound to come across real estate companies and builders who claim of infrastructural development on the location of the property. It majorly includes construction of new schools, infrastructure, improvement of transport, construction of shopping mall and more. These aspects often do not hold any ground and are often said to attract buyers. Considering this aspect, it is important to inspect the area’s master plan and ensure the claims made are right.

Land Use Certificate – You very well know that constructing a residential complex over a commercial property is completely illegal. In order to verify the same, you have to apply to the development authorities to ensure the residential property you are investing in is a residential zone completely. It should not be a commercial, industrial or agricultural area. Doing so only leads to demolishing of the property later on.

Property Tax Receipts – No matter whether you are buying flats in Thane West or around, ensure you have checked the tax receipts. This further ensures the property’s seller has paid all the tax accumulating on the property for the last three years or more.

flats in thane

Encumbrance Certificate – Another vital legal aspect to keep in mind is the Encumbrance Certificate. It is wise to know the property you are investing in is free from any legal dues. In the case of title deed, encumbrance can be searched at the Sub-Registrar’s office. It offers all the details like mortgage, liens, third party claim and so on, thus helping you make a wise decision. An encumbrance certificate should have all the transaction record of the concerned property.

Keep these legal details in mind to ensure you have a wonderful home buying experience.

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17Oct
By In Real Estate Company in Thane

The 5 Things to Keep in Mind When You Want to Buy Your First Home

Buying a house is considered a lucrative investment. However, buying the right home can take some time. Finding the right home consists of numerous steps like knowing your finances, location, whether you need to apply for home loan and more. With so much to consider you are sure to get confused. Once you have shortlisted some properties through real estate companies, finalising on the one that meets your needs is quite easy. To make it easier, mentioned are some things a person needs to consider when buying a house for the first time:

Know How Much You Can Afford

The first thing a buyer needs to keep in mind when buying a house for the first time is how much he/she can afford. Obviously, buying a house is expensive, and you might even have to apply for home loan, but then first know how much you can afford. To ensure your first-time home buying experience is a good one; you will need a good credit score, sufficient amount to pay the down payment, a steady job and more.

Know Your Credit Score

The next step is all about knowing your credit score. A credit score can make or break your home buying experience. A person having a credit score of 720 and above can easily apply for a home loan with a low-interest rate. However, if you have low credit score, you are restricted to high-interest rates.

credit-score

Know Your Requirements

When you start looking for a house, you are bound to get spoilt with choices. Considering this aspect, it is vital to know what you are looking for. Consider the type of home you are looking for, whether 1 BHK, 2 BHK or 3 BHK. This will help in narrowing down your search thus making your house hunting process an easy one. Various real estate groups like Neelkanth Group offers various flat options. You can choose the one that best meets your needs.

Assess Your Neighbourhood

Before you sign on the dotted line it is wise you determine the neighbourhood. It might look beautiful from the outside, but you do not what lies inside. Visit the neighbourhood or locality during weekends, late evening and especially during rush hour. While doing so, also get to know all the necessary requirements like school (in case you are moving in with children), hospital, grocery store and so on are nearby.

Hire A Real Estate Agent

If you have any specified area in mind, then you are advised to seek help from expert real estate agents. Get in touch with real estate companies as they are quite familiar with the market value of the property, the neighbourhood and other local matters. Their priceless experience and knowledge will take you a step closer in buying your first home.

agent
Keep these five major aspects in mind when buying your first house.

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8Oct
By In Flats in Thane

Giving Your Parents the Ultimate Gift – Finding the Right House for Your Parents

If you still thinking on what to gift your parents on their 60th wedding anniversary, then how about gifting them a new house? It is a great gift, and your parents will surely love it. Your parents have helped you in buying your dream home. And now, it is your time to buy them a good home with all the facilities. Buying a house for your parents can be quite a task as there are various flat for sale in Thane. You also have to consider numerous factors before finalising on the house:

Know Where Do Your Parents Want to Stay?

Before you start choosing a place for your parents, it is wise you have a word with them of the same. You need to have a discussion on whether they have any locations or areas in mind or do they want a house that is closer to the current one. Getting to know their preferences is vital after it is them who will be staying in the house. It is always advised to choose a home for your parents in your vicinity itself. Location plays a vital role in this aspect. Study the location you have selected for your parents. After all, you want the best for parents, right?

Healthcare Center Nearby

As they will be staying alone, it is wise you choose flat for sale in Thane that have healthcare centre nearby. This works well especially in the case of emergencies. It is therefore advised to buy a house in your locality as you can pay visits on a regular basis. It also becomes easier to take them to the hospital in case of any medical emergency.

Know the House Is Elderly Friendly

You should know your parents cannot climb the stairs especially when you have chosen a flat on the sixth floor. Therefore, you should choose an apartment on the ground floor itself. This works well even if the lifts stop working. It is convenient and ensures your parents are always safe. Apart from this, if you have chosen a house on a third or any upper floor, ensure the building has two lifts. This ensures even if one lift stops working, the second one is accessible.
house

Accessibility

Another vital factor to keep in mind when finding the right house for your parents is easy accessibility regarding transport. Get to know whether the area has transportation options available. Your parents cannot walk 3 miles just to catch an auto rickshaw. Ensure the flat for sale in Thane you are looking at are located in such a way that it offers easy and convenient transport solutions.

Buying a house for your parents is surely a great gift you can even give to your parents. But, do keep these aspects in mind in choosing the right home.

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1Oct
By In 3 BHK flats in Thane

Planning Your Home Purchase with Your Spouse Before You Get Married

You might have heard of the common proverb, “Love is Blind”, but do not follow the same concept when buying a 2 BHK or 3 BHK flats in Thane together. A lot of couples once the engagement is done start looking for a house. It is believed that a lot of couples buy a house before getting hitched. However, you should also know home buying is the biggest move a couple can take and hence should be done carefully. So, if you are planning to buy a house with your beloved before getting married, get rid of the financial heartbreak by keeping in mind these tips:

Consider Opening a Joint Account

In case, you do not have a joint account; you might want to open it as soon as possible. The same joint account can be used to pay the property taxes, mortgage, maintenance and also insurance charges. To ensure you do not forget to deposit the amount in your joint account, set up an automatic monthly deposit from your account. This ensures neither of the parties forgets to collect the money. Furthermore, you can even have home expenses automatically deducted from the account which simplifies the budget tracking and bill paying.
joint-account
Compare the Credit Scores

When determining whether you can have enough money to buy flats in Thane, you might have already shared the income and saving details with each other. Another vital information you might want to share with your to-be spouse is credit report. This also goes for the partner who is planning to get into a business deal. Knowing the creditworthiness of the business partner works the best. If either of the partners has poor credit score it can have a significant influence on two major aspects:
Who will take responsibility for the loan
Title of the property

You should know married couples are considered to be a single unit, whereas it is not the same with unmarried ones as they are treated as individuals. So, before you start looking or flats in Thane, do not forget to compare the credit scores.

Agreement in Writing It Vital

It is advised to have the agreement in writing. You can do so by contacting a professional real estate lawyer. This majorly includes partnership, property, or even cohabitation agreement. This should also have complete details of the arrangement like what happens to the property in case you split up and also what percentage of equity each of the partners is entitled to.

agreement

Deciding on Managing the Costs

A partner is ultimately liable for the debt when he/she cosigns on a mortgage. So, in case the relationship turns sour, or you split up, or the partner stops paying entirely, the cosigner has to take up the responsibility.

Title It the Right Way

It is also important to decide on how you will take the title or own the house. You have three primary options:

A partner can hold the title of sole owner
Both the partners can hold the title as joint tenants
Share the title as tenants in common

These are some vital aspects unmarried couples need to consider when planning to buy 2 BHK or 3 BHK flats in Thane.

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16Sep
By In 2 BHK flats in Thane

How to Shortlist a Property – Factors You Need to Keep in Mind

Buying a property is not easy as it seems to be, especially during the time when you have a myriad of choices to pick from. It is always advised to go for the property that has adequate basic facilities like water, power and more. You also need to do the necessary checks before finalising on a project. Connectivity solutions, the price of the property, infrastructure and so on are some aspects one need to keep in mind before shortlisting a property. Well, to help you get started, mentioned below are some factors that one can consider before choosing a property or 2 BHK in Thane:

Builder Reputation

Not many buyers consider this as a vital aspect, but it can make or break your purchase. As a buyer, you need to examine the reputation of the builder by knowing its past and current projects. You also need to look at the delivery track record. You can get some good amount of knowledge through reviews and testimonials. Do read them before making a deal.

Lighting and Ventilation Solutions

Your living experience is highly determined by lighting and ventilation solutions. After all, you do need fresh air and light to survive! Ensure the house you choose gets good air flow and sufficient light.

lighting

Valuation of the Property

Not checking the value of the property is one of the major mistake buyers tend to make. Get in touch with expert property valuers, or you can do it yourself by crosschecking them online. Ensure the price quoted for the property matches the market value. You can also simplify this process by checking the rates of the similar properties or the new projects in Thane which has the same specifications.

Know the Amenities Offered

Ensure the property or the house you shortlist offers the needed amenities for your survival. Well, this majorly includes parking area in case you have a car or bike, power backup, water supply and more. One of the primary reason why you need to keep in mind this aspect is that fact it helps in increasing the resale value and potential. This works well especially if you plan to sell the property in the near future.

Quality of the Construction

It is vital that as a home buyer you check the quality of the construction. This includes the overall finishing and ensuring there is no difference from the original plan.

construction
Know the Maintenance Charges

Before shortlisting the property, it is highly recommended you to discuss the maintenance charges with the seller.

Cleanliness Tops the Chart

Not many buyers tend to focus on this aspect, but it is a vital one. Do ensure that the shortlisted 2 BHK in Thane or property is free from mosquito menace. Choosing a property with this problem will only create issues with your living experience leading to various health concerns.

These are some factors you should keep in mind when shortlisting a property.

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9Sep
By In Real Estate Company in Thane

Moving into A New Home – Everything You Should Keep in Mind

Moving to a new house can be stressful. You have so much to take care, besides the packing and unpacking. You have a long way to transform your house into a home, with a comfortable milieu to live in. Mentioned are some tips, you can consider to make your moving experience an enjoyable one:

Are Pets Allowed?

You do not want to hear the bad news of “Pets Not Allowed” after you move into your newly purchased house. The last thing you want to do is say goodbye to your pet dog or cat. Well, to avoid such a situation, get in touch with the real estate company in Thane to know the apartment you purchase allows pets.

pets
Are Basic Necessities in Place?

Know the house you are moving in is well equipped with the needed facilities. This majorly includes power backup, water, telephone line, and more. Once your move-in date is finalised, get in touch with the utility company to get these things in place. After all, you do not plan to move in a house with lighting and water supply? Or do you?

Does It Have a School Nearby?

If there are children involved, it is important to know whether the locality has any schools nearby. Get all the paperwork done involved in the school admission. Do take a tour of the campus that helps in easing out some anxiety your children might experience.

Know the Locality or Neighbourhood

You do not want to get up on a Monday morning and search for a dairy, do you? Familiarising yourself with the locality and the area will save you from this nightmare. Get to know the closest grocery store, the dairy, post office, hospital and so on. Also, try knowing their opening hours as this will only make easy for you. Take a walk around the neighbourhood of the flats in Thane West during rush hours or weekends as it offers a clear picture of the neighbourhood.

Compare the Moving Quotes

Do not forget to compare the moving quotes before settling to one. As you are comparing the prices, do read some reviews that offer a clear insight into the moving company. Ask your friends if they know any moving company. Book your moving well in advance to avoid any delays.

truck

Look Beyond Painting

It is now a fact that you own this house. Well, you need to look beyond painting. You have so much to do before you start painting your house. Know the carpet area and figure out which furniture can be placed where. Plan your interiors well, like the round table you earlier had in the living room, or the acrylic chair or the bean bag and where can you fit them before you start painting the house.

painting
Always remember that a home reflects a personality and hence take your time to organise your house. Stick to these moving tips, and you are sure to have a hassle-free transition into your newly bought home.

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24Aug
By In Residential Projects in Thane

Gym Hacks That Can Help You Get a Die-Hard Body in Record Time!

Who does not dream of having a ripped and toned body? It is wise to know that it is not easy as it seems to be. Gyms are a perfect place to achieve your fitness goals. However, there are times when gyms are far away which does not go well with fitness freaks. To make it easier, a number of residential projects in Thane are now having gyms. It is a good news for all those fitness freaks out there. But, then remember, you need to completely devote yourself in order to achieve your goal. If this is your first time for hitting the gym, there are some hacks you need to be aware of.

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20Aug
By In 3.5 BHK flats in Thane, Flats in Thane

What Your Child Stands to Gain by Training for The Theatre

It is believed that arts play a major role when it comes to boosting performance in various areas of life, be it academics, communication and so on. However, not many tend to remember them. There are just so many benefits you child tends to procure when being a part of art or theatre. The modern technological world has made lives easier. However, there is no way it can beat the benefits arts and theatre offers. Einstein once said, “Imagination is more important than knowledge”, which is well taken care of when you motivate your children to be part of a theatre group. To turn your child’s skills into something big, some of the 3.5 BHK flats in Thane offers spaces that help them to showcase their talents.

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