Localities like Sainikpuri and Yapral take the centre stage for homebuyers of 2BHK and 3BHK flats in Hyderabad!
Localities like Sainikpuri and Yapral take the centre stage for homebuyers of 2BHK and 3BHK flats in Hyderabad! Peripheral areas in North East Hyderabad like Sainikpuri and Yapral are taking the centre stage since the onset of the pandemic. Bigger, open, greener, and affordable spaces in Sainikpuri and Yapral make them extremely attractive to homebuyers in Hyderabad. Besides, the localities of Sainikpuri and Yapral have always given the feel of living well within the city, yet away from it! Even today, you can hear the birds chirping in the morning as you wake up to a fresh day at Sainikpuri or Yapral. Here’s why Sainikpuri and Yapral have evolved as one of the most preferred peripheral areas to live in- Priority of being ‘closer to office’ replaced by being ‘closer to nature’ and ‘away from crowd’ with more affordable options in Sainikpuri & Yapral With lesser amount of money, you can own bigger and better spaces in Sainikpuri and Yapral For instance, instead of buying a small 3 BHK for approximately Rs 1.3 crore in Gachibowli, a Hi-tech city or other Western corridor areas, you can actually buy a spacious 2200 sft ‘builder floor’ in Sainikpuri or Yapral with direct elevator access to your exclusive-floor With work from home options, you are more productive in an area that’s comparatively more silent With an array of standalone building apartments, you get affordable homes for Rs 5000 per sft Even luxurious options like exclusive builder floors are available in Sainikpuri/Yapral at Rs 5500 to Rs 7000 per sft, where you own the entire floor, with all sides open. They come with high-end specifications including elevator access, parking, and power back-up (Genset) Demand for homes in micro-markets around Sainikpuri and Yapral fuelling growth in social and public infrastructure The public and social infrastructure are getting better by the day! You see the government authorities investing in newly constructed roads. On-going repairs and widening of roads, and beautification drives by GHMC is a common occurring in Sainikpuri and Yapral Investors and small businesses are continuing to open in this area- be it shops, exclusive stores, healthcare options, entertainment hubs, fitness studios/gyms, or educational institutions The face of Sainikpuri and Yapral are continually changing every 6 months With many eateries, cafes, and restaurants, the place has become a preferred hangout favorite among the young and mature crowd alike Homebuyers flocking Sainikpuri and Yapral areas due to ‘Work from home’ and ‘e-schooling options’ Better and soothing environs allow you to work and study better Working from home in a place surrounded by greenery and chirping birds is better than being in an overwhelming concrete jungle, and excessive noise pollution due to overbearing traffic The area remains relatively pollution-free and quaint This allows a very soothing and relaxing environment for the residents Plus, even if you have to step out of your home in Sainikpuri and Yapral for daily needs like groceries, a walk, etc., you don’t have to fret as much Bigger, open, and greener spaces are particularly attractive about Sainikpuri and Yapral The colonies have the Army cantonment like flavor The surroundings in and around Sainikpuri naturally draw inspiration from the existing spaces of the Armed Forces colonies like Sainikpuri and Vayupuri societies which existing since 1970s The manicured garden by GHMC in Sainikpuri is a huge relief and a joy to visit Kapra lake adds to the beauty of this locality Plus, the green cover in this area will always remain intact thanks to the Army installations like EME Centre, MCEME, and College of Defence Management (CDM) New tree saplings are being continually planted and watered by the civic authorities to increase, retain and sustain the green cover Sainikpuri, Yapral saw a surge in construction activity and new projects in the standalone building segment from 2020 onwards Out of the total 30000+ new projects in Hyderabad in 2021, over 40% have been constructed in peripheral areas that are away from the IT corridor around the hi-tech city Naturally, Sainikpuri and Yapral saw many professionals including those working in the Western corridor calling Sainikpuri and Yapral their home ORR helped hassle-free travel across the city from Sainikpuri and Yapral localities ORR made travel easy and hassle-free to different parts of the city With the Metro rail, the city is becoming well connected GHMC and State authorities are continually working on many under-passes and fly-over to decongest the traffic in the city, which again goes in favor of Sainikpuri and Yapral locality No wonder, choosing to live in Sainikpuri and Yapral is akin to choosing a better life, good health and wellness- all rolled into one! Being close to nature has its rewards!! “Now I see the secret of making the best person, it is to grow in the open air and to eat and sleep with the earth.” – Walt Whitman ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “Ever-Increasing ‘Shopping Hubs’ Around SAINIKPURI Locality Make It An Attractive Location For Home Buyers In Hyderabad”. Click here!
Home AC Basics: 4 Important Basics To Know About Air-Conditioning Of Your Dream Home!
Home AC Basics: 4 important basics to know about air-conditioning of your dream home! In this article, we have covered simple home AC basics. As a home buyer, you must know the important home ac basics before you move into your new apartment, and you must get the right air-conditioner with the right capacity. The guideline for your home AC basics is to make sure that your air-conditioner is not underpowered to take care of the area of the room. The capacity must provide you with adequate comfort, the desired utility, and a reasonable electricity bill. Home AC Basics 1. See what kind of provision your apartment has? Normally builders provide for split air-conditioner provision to keep the outdoor unit as well as an indoor unit The Architects provide the electrical outlet for your air-conditioning unit Some builders make provision for a window AC if the room does not have the ability to take a split AC installation Check for the provision of AC in your building, and your budgetary priorities before you head out to buy AC units If the temperature crosses 45 degrees Celsius, then add another 0.5 ton of AC capacity 2. How exposed is the room to sunlight? If the room is on the top floor with a roof getting direct sunlight, then it will be hotter than other apartments Rooms on the West or Southwest corner of the house will be hotter than other rooms because of direct sunlight hitting The AC capacity needs to be adequate for these hotter rooms The proper calculation must factor in sunlight, the number of human beings in the room, and other gadgets (emanating heat) 3. What is the size of your room? To make sure you choose the right capacity for AC Calculator: More specifically, first, find out the area of your room. Then divide it by 600- you get the basic capacity of AC you need. For instance, if your room is 144 sq. feet in area, the basic AC capacity required would be 0.24 tons (144/600). Now, add 0.5 tons to the basic capacity for every five people in the room. Normally, an AC of 0.8-ton capacity would work just fine for a 144 sq. ft. room. If the room is in a place (city) where the temperature goes above 45 degrees Celsius during summer, then add another 0.5 tons…as shown in the calculation below- Going by this logic, for a 200 sft room bedroom at your home, you must not force-fit a 1 ton AC which will fall short. Take a 1.5-ton AC Similarly, for your large 400 sft living room that’s open from all sides, even a 2 ton AC may not be adequate. Here you need professional help to know which AC will serve the purpose Pick an Air Conditioner (AC) whose capacity is just right to get the best cooling for your room Right AC size according to your room size saves you a lot of trouble in the long run 4. What if we buy an AC that’s more than the required capacity? Instead of 1.5 ton, buy a 2.0-ton AC? Isn’t that better? The answer is a BIG NO By buying a 2 ton AC, where the required capacity is 1.5 ton AC, you will end up more on two fronts: (a) paying more for the 2 ton AC (it’s costlier than 1.5 ton AC), (b) higher electricity bills because the 2 ton AC eats-up more electricity than the smaller 1.5 ton AC A bigger or higher than required tonnage AC will cause short cycling What is short cycling? Answer: When your AC will run for a short time period and get turned off, and again turn on again a short time later. This is bad! What you need is an AC that runs continuously Short cycling causes more wear and tear to your bigger AC. Plus, because of short cycling, your bigger AC won’t provide comfort. A bigger AC reduces the temperature of the air and also removes humidity The net result of short cycling AC? Answer: A short cycling AC blows very cold air but it will NOT be able to remove the humidity very well. So, on a hot and humid day, your living space may resemble a cold swamp which is cold as well as humid. That’s very uncomfortable! Summary: An oversized AC won’t give you better cooling! Only the capacity to cool is more So, it’s useless buying a bigger AC, and completely WRONG to think it will cool faster, or save you more money! The RIGHT TONNAGE MATTERS! So, get the tonnage right to get the most out of your money So, do the right thing while choosing the right AC for your dream home. “We’re not perfect, but we want to do the right thing.” – Charlie Bell ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “Split AC Vs Window AC: A Perspective For Middle-Class Homebuyers In Hyderabad!” Click here!
The right time to buy your dream home in Sainikpuri Amid Rising Construction Costs In Hyderabad In 2022!
The right time to buy your dream home in Sainikpuri Amid Rising Construction Costs In Hyderabad In 2022! One of the reasons why home buyers in Hyderabad are already opting for Sainikpuri to buy their dream home is the superior lifestyle and affordable pricing. However, this may not last for too long with the cost of construction rising by the day. As of April 2022, the prices and affordability of homes still remain very reasonable for 2BHK and 3BHK flats in Sainikpuri, Hyderabad. The builders in Sainikpuri as well as the rest of Hyderabad are still continuing homes at very reasonable price points, akin to mid-2021 levels. Builders in Hyderabad are simply sacrificing and squeezing their profit margins so that prices remain within reach for home buyers. This makes the current prices (April 2022 price levels) and times the most opportune time to acquire your dream home! However, this may not be too long, and prices in the beautiful locality of Sainikpuri may go up in tune with rising construction costs in Hyderabad driven by rising raw material costs! 1. Are builders in Hyderabad feeling the heat? “Steel prices have gone up from Rs 35-40 per kg to Rs 85-90 per kg. Cement prices have gone up by around Rs 100 per bag. Fuel and transportation costs have gone up. This has resulted in an increase of 20-25 per cent in the overall construction cost,” as per a CREDAI official. Builders are already feeling the pinch of rising construction costs in Hyderabad, and currently, the prices of a 2BHK and 3BHK flat in Sainikpuri are very reasonable! It won’t be too long before the prices are revised upwards. A regular apartment in a standalone building in Sainikpuri is priced at between Rs 4500 to Rs 5000 per sft, depending on the location i.e. how far away it is from the Sainikpuri main road that connects to A.S. Rao Nagar. 2. What’s the likely impact of rising construction costs in Hyderabad? Property prices in Hyderabad are likely to increase by up to 15 percent since the builders will want to offset the increase in rates of raw materials like steel, cement, transportation costs, and labor costs among other things With the steep rise in prices of raw materials like steel, builders will not be able to sustain their profits No builder will want to continue construction with zero incentive or profits If the situation doesn’t improve, then it becomes dangerous to even for home buyers The worst situation will be builders stopping construction activity or deferring purchasing raw materials Such a move by builders will mean uncertainty and delayed possession Central and State Governments will be required to give relief to the construction industry across India to get sustainable measures of controlling constructions costs, or by reducing stamp duty, registration and GST rates, and other measures to bring down the costs 3. Why buy your dream home in Sainikpuri now? Despite rising cement and steel prices, the per square feet prices in Sainikpuri are still very low Steel prices were about Rs 42000 (per tonne) in early 2021, and now in (April 2022) have increased to over Rs 85000 (per tonne). This is a massive blow to the cost of construction Similarly, the cement prices soared from Rs 260 per bag, to over Rs 400 per bag Sand (per brass) has gone up from Rs 6000 to Rs 7500 now. Wash sand (per brass) has risen from Rs 3800 to Rs 4800 Cost of labor (wages) has also risen between 30-40% In Sainikpuri, the price of regular apartments in standalone buildings hovers between Rs 4000 to Rs 5000 per sft, depending on specifications and location (distance from Sainikpuri main road). This is very reasonable Similarly, the exclusive floors in Sainikpuri (‘ one apartment per floor ’) in a standalone building is in the range of Rs 5500 to Rs 6500 per sft which is again very attractive, especially considering amenities like an elevator (lift), parking, power back-up among other things With this background, per square foot prices are bound to increase in the times to come in and around Sainikpuri. With the ever-evolving social infrastructure in Sainikpuri, it’s a good time to reserve your dream home in the lap of nature. Of course, the beautiful green cover and environments of Sainikpuri shall remain priceless! So, the time couldn’t be more opportune to grab the low-price deals which are available in Sainikpuri, before the prices increase. “When you wait for the right time, you’ll never know when it’s already too late.” – Udai Yadla ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “Benefits Of Buying Exclusive Floor Apartment During Early-Stages Of Construction in SAINIKPURI, Hyderabad!” Click here!
Explore the right time to buy your 2 BHK and 3 BHK flats in Hyderabad!
The most opportune time to buy your 2 BHK and 3 BHK flats in Sainikpuri, Hyderabad! The time is just right for homebuyers in Hyderabad to buy 2 BHK and 3 BHK flats in Sainikpuri or Yapral. The prices are still being quoted well below the other areas in and around Hyderabad. The cost of construction has been surging over the years, which is, in turn, increasing residential real estate prices all over India. The good news is that the builders in Sainikpuri are still hovering around previous prices points by compromising on their profits. This makes these times (April 2022 onwards) an opportune moment to buy your apartment. Localities like Sainikpuri are particularly attractive for homebuyers in Hyderabad!! In fact, the cost of construction materials, especially- steel, cement, 4-inch bricks, sand, electrical wiring, fittings/accessories, tiles, pipes, sanitary ware, and wages, have gone-up by tremendously post-pandemic! Builders are already feeling the heat, and homebuyers may not have the opportunity to buy a home at very low prices for very long! What makes this an opportune moment to buy 2 and 3 bhk flats in Sainikpuri, Hyderabad? Increase in prices of cement and steel, yet the per sft rates are low in Sainikpuri Builders still offering 2 and 3 bhk flats in Sainikpuri at low/reasonable prices Land prices in Sainikpuri are on the rise High growth social infrastructure around Sainikpuri Quality life in the lap of nature at Sainikpuri Overall, with these factors, this is perhaps the most opportune time to buy your dream home at older prices (Rs 5000 to Rs 5000 per sft range) before builders increase their prices due to an increase in raw materials. Likewise, for those seeking luxury you have the more luxurious builder-floor 3 bhk flats in Sainikpuri still available at Rs 5500 per sft to Rs 6500 per sft rate (depending on location and specifications). Time to hurry before it’s too late! “Better three hours too soon than a minute too late.” – William Shakespeare To know more about “Elevating lifestyle with a marvellous 3 BHK builder floor apartments in Sainikpuri, Hyderabad!” Click here!
Modern Interior Design- Hyderabad Homebuyers Counting On Interior Designers For home decor(Part 2)
Modern Interior Design – Hyderabad homebuyers counting on Interior designers for home decor (Part 2) This is part II of the article. Please read part I. Here will further our views on why homeowners in Hyderabad are increasingly depending on interior designers to design and decorate their homes. Clearly, Interior designers are trained to make your home look beautiful and remain highly functional for everyone…and for a very long time! Affordability, aesthetics, and functionality are blended in by interior designers to give you stunning results. This is something homeowners in Hyderabad are increasingly realizing. The professional touch of class is worth the look and feel of your spaces! Plus, the sense of spaciousness comes alive! Big advantages that come with an Interior designer for Modern Interior Design are- 1. Coordination and liaison with varying parties Knowledge and experience to talk and coordinating with various parties such as contractors and architects Complete details of your home design are provided Supervise execution and working of professionals working on your home 2. Caters to Budget constraints Your budget is respected, and savings accrue automatically with the most appropriate advise Advise is given on when to buy more expensive stuff, and when to go for cheaper options for long term results All your purchases are done to fit into your budget Different designs and options with different budgets are given to your so that you can decide and fit your budget depending on your expectations and desires Your home becomes custom-made. Unique designs, beautiful colors, and stylish furniture speak of your personality and taste! 3. Professional outcome Minor details are also discussed be its the position of the sofa, the placing of the island table in your open kitchen, or the placement of the furniture in your living room You get advise so that your home does NOT look clumsy Every item is placed in the right spot/location to give a beautiful holistic impact Correct placement and arrangements result in a visual treat due to their stunning appearance 4. Use of the latest technology and tools A homeowner does not have to worry about fine quality tools for modern interior design being used Modern software and tools help give you a detailed plan for your home Costly tools are used to give you superlative results Use of the latest tools speeds up work saving time 5. Ability to use the right quality and grade of materials The immediate benefit from the thorough knowledge of the quality of raw materials and overall execution You get the best quality materials at low prices 6. Creativity par excellence Your home spaces turn into extraordinary room designs in tune with changing times Creativity in the designs is a natural outcome A smart and efficient interior designer brings-in innovative ideas and designs for every space of your home 7. Flawless execution with no scope of error or trial [Source- https://www.indiamart.com/ ] Costly mistakes and ugly experiments with designs are avoided Spot-on ideas of how to match everything come easy– be it the right furniture, table, cabinets, shelves, chairs, and every other item that goes on the walls, or the floor Error-free construction and execution of the modern interior design is such a big relief!! 8. Adds greater value to home even from a resale perspective [Source- https://www.pinterest.com/pin/ ] A beautifully done-up home creatively commands a higher resale value too Even after many years of designing your home, professional work shows Your home gets more and more valuable with each passing day! 9. Gives many tips to optimize felt and ignored needs An interior designer may go beyond what we can imagine or expect, and give us the plus-one experience They help us style our homes optimally and steer clear of unknown problems Conclusion These benefits are enough for homebuyers across India, especially in Hyderabad to seek the help of an interior designer. You pay for a host of unthinkable benefits, including cost-saves! Most of all, an interior designer helps you realize your dream home, and completes all the work on time! “Now I see the secret of making the best person, it is to grow in the open air and to eat and sleep with the earth.” -Walt Whitman ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “Hyderabad Homebuyers Counting On Home Interior Designers For A Dream Home Decor- Part 1”.Click here!
Hyderabad homebuyers counting on home Interior designers for a dream home decor- Part 1
Hyderabad homebuyers counting on home Interior designers for a dream Home decor- Part 1 Hyderabad Homeowners are increasingly depending on interior designers to design and decorate their homes. Homeowners enthusiastic about getting their home right depend on interior designers who are well-trained and well-equipped! With the help of 3D models, walkthroughs, and virtual reality options, you can actually see what different design patterns and ideas eventually look like. Interior designers in Hyderabad are increasingly using custom-designed elements incorporated in homes as per customer requirements for all home types- villa, apartments, or builder-floors. Homeowners in Hyderabad are also realizing that hiring an interior designer does not actually deplete their resources. On the contrary, an interior designer helps you make your home stylish even at a lower price. Plus, the results are awe-inspiring! Good designs don’t just happen by chance!! These professionals recommend amazing ways to design your home depending on your budget. The professional work they deliver is worth the long-term look and feel of your spaces. Hiring a designer helps prevent many costly mistakes. By not taking the services of interior designers, many homeowners actually end up going beyond their budget with sub-par results. Purpose of hiring home Interior Designers To create a space that’s is optimally designed Fulfill the purpose of well-designed spaces that are aesthetically pleasing Marry ‘form’ and ‘function’ resulting in excellent utility and beauty!! Overcome constraints, and turn them into opportunities Take elements desired by a client, and give a plus one experience Make the designs look beyond the usual, and be sensitive to space utilization Create a unified concept and vision with a keen eye for details and their synthesis Look into the future usage as well as wear and tear possibilities in everything that’s designed A professional who knows about the demands of the durability of materials depending upon the extent of usage at home Use materials that can withstand the test of time and stress What an interior designer is NOT! Interior design is not a simple matchmaker of color schemes or upholstery samples Is NOT someone who makes complicated designs just to make more money in the same professionalism Is NOT just some expensive coordinator or a link between a carpenter and a homeowner In a post-pandemic era, it is all the more important to utilize/optimize the available spaces optimally to cater to all the family needs, and also keep the sense of spaciousness alive! Some of the big advantages that come with an Interior designer are- 1. Complex task of designing handled with dexterity A home design goes through architecture right down to finalizing every intricate detail of each room The home Interior designer goes for an ‘A to Z’ approach…right from making room designs, and ordering raw materials to implement the designs Reduced stress for the homeowner Best quality work happens within a stipulated time-frame 2. Time-saving proposition along with the beautiful outcome The design for each room is tailor-made Be it a kitchen, drawing, bathroom, balcony, or utility room- every corner and every square inch of space is put to use Reduces your anxiety and time-taken Every task revolving around every nook and corner of the home is undertaken smartly 3. Ability to utilize the right resources and coordinate effectively You get instant benefit from the resources of the interior designer No need to go into mind-boggling research and uncertainty to get the desired outcome The resources like contractors, dealers of raw materials, furniture, and other home items come to you without much stress 4. Craft each room depending on specific needs They can switch between designs and blend every style and design as per your and your family members’ expectations This can mean a traditional design in the pooja room, and ultra-modern design in the living, dining, kitchen, or bedroom They have a knack to swing between minimalistic to very profound/overwhelming designs depending on the spaces and expectations 5. Cuts down on extra expenses The overall budget is contained with the interior designer’s fee that you pay Extra expenses are avoided with professional help. You save money as well as a drain on your time & energy! You end up avoiding buying unnecessary things for your home with the right advice and guidance from the home interior designer, thereby reducing expenses 6. Excellent plan, flawless execution Detailed planning, evaluation, and execution come to you in a package With expert help, a proper plan is shown and approved by you before you craft your individual rooms They will give a classy touch to each room in your home, with no room for surprises! “Everything is designed. Few things are designed well.” Brian Reed ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “Is It Sensible To Hire Interior Designers In India For 2BHK Or 3BHK Flats?” Click here!
Elevating lifestyle with a marvellous 3 BHK builder floor apartments in Sainikpuri, Hyderabad!
Elevating lifestyle with a marvellous 3 BHK builder floor apartments in Sainikpuri, Hyderabad! Sainikpuri in Hyderabad is now one of the most preferred locations for lifestyle and tranquillity. With lush green surroundings, well-laid roads, and a cantonment-like feel, Sainikpuri in Hyderabad feels like an oasis in a desert! Nowhere in Hyderabad do you get such a relaxed feel as the one you experience in the Sainikpuri locality. No wonder, the area is fast becoming a thriving social-connect centre filled with many cafes, restaurants and other eateries operating in this picturesque location. The Sainikpuri main road is simply beautiful, with Vayupuri and Defence colony on one side, and Sainikpuri on the other side. Sainikpuri is fast becoming a happening area for all age groups. The young crowd is only too happy to flock to the Sainikpuri area to soothe their nerves. The locality provides the ideal location to hang out with friends to have a good time in beautiful natural environments. The adjoining colonies within the Sainikpuri post office also carry the flavour of this Army-like area with plenty of trees, walking tracks and GHMC or society maintained gardens. Sainikpuri is also a favourite spot for morning and evening walkers to unwind and rejuvenate in the lap of nature. This is why many small-scale builders are constructing exclusive floor apartments in Sainikpuri with all the modern new-age specifications. These standalone buildings are usually built on areas ranging from 400 square yards to over 1000 square yards. One of the most appealing and attractive propositions is the ‘builder floor’ residences that are spacious (over 2200 sft) and luxurious in every aspect. Reasons that make builder-floor apartments in Sainikpuri truly attractive to a 3BHK home buyer in Hyderabad are- Architecture and design to optimise your lifestyle quotient Luxurious specifications include direct elevator access (lift) Convenient living in a great location with excellent social infrastructure Well-connected with the city and proximity to ORR [Source- https://telanganatoday.com/] A home that will always remain in the nature’s lap These are reasons enough to elevate your lifestyle with spacious 3BHK builder-floor apartments in Sainikpuri, Hyderabad. Many home buyers, IT professionals and NRIs are not settling for concrete jungles in the city, and are instead choosing life by choosing an exclusive builder floor in Sainikpuri! “Don’t settle for what life gives you; make life better and build something.” – Ashton Kutcher To know more about “Exploring Sainikpuri, Yapral Localities: An Excellent Area For Buying Your Apartment In Secunderabad, Hyderabad” Click here!
6 Mistakes To Avoid As You Take a Housing Loan For Your Residential Flat In India!
6 mistakes to avoid as you take a Housing Loan for your residential flat in India! Biting more than we can chew is always a bad idea. Let us explore the mistakes to avoid before we take a home loan for our dream home! A home loan EMI should not be more than 40%-50% of your total income. If you have double income (couple earning), with a combined net income of husband and wife exceeding Rs 1.8 lac per month, then your monthly EMI could go beyond 50% of your total net income. A high EMI outflow sometimes puts the household budget in jeopardy. In times of crisis, we are forced to downsize important family aspirations. Many people end up living a suffocating life by stretching beyond their means and feel trapped in the whirlpool of huge monthly EMIs. Plus, at times, they are even unable to extricate themselves by liquidating their asset, especially when they are still under construction! 6 mistakes to avoid before we commit ourselves to a monthly Housing Loan EMI… 1. Wrongly assuming that real estate is a liquid asset that can Be sold quickly in times of need Not to take a plunge for a home loan EMI under the wrong assumption that you can exit out of the investment should things go South, and may not have to pay the EMI. It’s easier said than done! Always be sure to hold the property, and not take this aspect easy So, it’s always good to embrace a housing loan as a long-term commitment Most Indians pay off their home loan within 10 years, and you should also plan accordingly Not to take likely or unforeseen expenses lightly 2. Not keeping an emergency fund in times of financial uncertainty Always keep some sort of emergency fund handy that can take care of at least 6 months of EMIs should you face difficult or transitional times financially Having no buffer to payoff EMIs can put you in a delicate situation, and your credit scores also take a hit in case of non-payment of home loan EMI 3. Not factoring in other unstated or hidden costs like registration, interiors, amenities Having an additional budget for registration costs, stamp duty charges, paying commissions, interiors, etc. is also needed On an average, registration alone can take up to 6% to 10% of the cost of an apartment or home Also, for interiors, you need a minimum of Rs 5 lac budget to make the apartment ready to move in Additionally, you need other things like electricals, appliances, air-conditioners, plumbing, and electrical fixtures among other items Costs tend to go up further, when you consider moving in, depending on family needs 4. Not being clear if you want to live in the home in the long run It is advisable to buy a home only if you actually plan to live in it for 10-15 years For instance, at times, young home buyers are required to move places/cities and get stuck wondering what to do with the apartment You may not want to sell your home, but if you move out of the city, then you end up paying rent in the new place/city as well the EMI burden This suffocates cash outflow and suffocates your beyond imagination At times, home buyers regret having bought a house in a hurry So, you need to be clear about your priorities in your career and life before you lock down a housing loan EMI to your monthly income 5. Avoiding questions about job prospects and income inflow in future Sometimes we are not sure of our income prospects due to many reasons like industry trends, market issues, job-related uncertainties/insecurities When you are unsure or doubtful of consistent inflow of income, going ahead with a home loan EMI can be a risky proposition Worse still, if you do not have possession of your home, and the property is still under construction, you may not be able to sell easily! 6. Not being sure of an on-time project delivery Acquiring an under-construction property can be dangerous if you may have to sell the property midway Also, the builder’s reputation and past performance on delivery must be checked before you lock down on a home loan EMI With on-time delivery, you can even move in on time and save on the burden of rent. Many home buyers stay in a rented apartment and pay both EMI and rent as a tenant till they get possession On-time possession eases the financial burden considerably, especially, when you move into your own apartment, and have only the EMI burden ‘Take calculated risks. That is quite different from being rash.’ – George S. Patton ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “Interesting facts about availing a home loan for a residential property in India!” Click here!
10 Important Electrical Safety Tips In Indian Homes
10 Important Electrical Safety Tips In Indian Homes As a homeowner, we need to know how to play it safe when it comes to our electricals! In this article, we discuss some very critical electrical safety tips to stay safe while we enjoy the convenience that comes with electricity! You need to ensure that anything ‘electrical’ must form an important part of maintenance and upkeep! Not handling electric maintenance carefully can be very dangerous. Most accidents happen due to a sheer lack of electrical safety tips. By being aware, and taking the right measures, you can prevent accidents that happen due to avoidable oversights and negligence! Electrical Safety Tips at Home 1. Ensure that your electrical devices are working fine, and are maintained well 2. Avoiding short circuit 3. Switch off the main power 4. Heated-up power outlets to be checked 5. Keeping a fire extinguisher handy 6. Replace and discard older appliances 7. Expert Intervention 8. Ground Fault Circuit Interrupters 9. Using extension cords for long durations is a bad idea 10. Overloading Electrical work can be fraught with hazards if handled unprofessionally. It is desirable to seek the services of professionals to take care of what each one is an expert at! Attempting to do everything on your own, especially, electrical work can be a bad choice at times. So, hire a trusted electrician or a professional who knows about the systems and the gadgets/devices. This will keep your family safe and happy! It’s never too bad to err on the side of awareness and precaution! ‘Precautions are always blamed. When successful they are said to be unnecessary.’ – Benjamin Jowett To know more about “Must-Know Basics Of Electricals For An Indian Home Buyer- Part I” Click here!
Must-know basics of Home electrical components – Part II
Must-know basics of Home electrical components for an Indian home buyer- part II This is part two of the article on what Home electrical components mean, and do for you. Please do go through part-1 of this article for better understanding and logical continuity. Knowing what is an electrical system in the apartment is important. This way, you are not only aware of the basics but can ensure that you know the questions to ask your builder while buying your apartment in India. The Home Electrical components can not be taken lightly, and it is critical to know the entire electricity-related mechanism your apartment builder is offering. basics of Home electrical Components Cable joints [Source- https://www.indiamart.com/] [Source– https://www.flipkart.com/ ] Fuse MCB [Source- https://www.havells.com/ ] RCCB/RCBO RCCB [Source– https://www.havells.com/] RCBO [Source- https://www.havells.com/] Earthing How is Earthing done in a residential building? Explaining Plate Earthing: Modern ways in apartments are far more complex, but the idea here was to explain only the basics. It is perfectly fine to err on the side of caution when it comes to the Home Electrical components of your new apartment! “Every step of life shows much caution is required.” Johann Wolfgang von Goethe- ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “Must-Know Basics Of Electricals For An Indian Home Buyer- Part I” Click here!
