9 Smart Tricks To Divide A Room Of Your Home Efficiently!
9 Smart Tricks To Divide A Room Of Your Home Efficiently! With a spacious apartment, you have the option of cross-utilizing spaces, and getting more out of your apartment. Bigger is better when it comes to the extent of possibilities you get to ‘split’ your rooms, and to cross-utilize them for multiple purposes. These smart ideas make sense in a post-COVID era, where space ‘inside the home’ is a luxury in itself. You could split a room into two portions in many ways depending on your need. With more dedicated-spaces in your rooms, you can be creative in having multiple sections within the same ‘floor spaces’ of ‘walls’ and cross-utilize the space for different purposes. For dividing a room, you don’t need to build a wall or create anything permanent in nature. Instead, you could go with some quick and easy ways to split a room temporarily. This allows you for flexibility to change as and when you want. For instance, you can separate your living and dining room using a wooden screen or a curtain. Similarly, you can have more privacy for different purposes by creating room dividers. This is helpful for work-from-home or study-from-home study rooms. Even a new furniture arrangement which work well as an alternative as ‘partitions’ or as a ‘divider’. Smart tricks to divide a room for creating space in your home efficiently. 1. Using a wooden partition-screen Installing a wooden screen brings an earthy touch to your room It act as a superb room-divider A movable wooden screen, sliding door or panel is very flexible and allows for experimentation These are excellent for an open kitchen with no separate dining space 2. Effective use of curtains Budget-friendly and ideal for separating rooms Easy to install and remove Trendy designer curtains gives a quick makeover Can be used in a bedroom or to split the bathroom 3. Using a cabinet or book-shelf A large open bookshelf or a fancy cabinet with décor items kept is a beautiful choice Serves the purpose of storage as well as partition Can keep artefacts or even indoor plants to create a whiff of freshness 4. Floor to roof panelling A creative ways to split a room Decorative panels are elegant in enhancing aesthetic appeal of your room Economical, and allow free flow of light Sleek panels in neutral colour tones make the room look spacious too 5. Use of beaded-curtains A beaded-curtain is a quick-fix solution to partition any space It is a stylish way to modify living spaces Beaded curtains create an easy barrier without blocking views Beaded curtains are easy to walk through, and are maintenance-free 6. Installing glass partitions Glass partitions are glamorous, and efficiently split the space without blocking natural light flow Trendy designs and colours are available Are terrific in blocking noise and smell, especially from the kitchen Tinted glass or frosted glass styles give you privacy where needed as they block the view 7. Setting-up a counter A counter is an innovative way of partitioning a space Very helpful in splitting a kitchen and a dining area Doubles-up as a beautiful high-rise breakfast counter, besides being a soft barrier Helps maintain a great feel of spaciousness without hindering views 8. Innovate with furniture A skilful arrangement of furniture can visually separate one room by adding different sections to it An L-shaped sofa can be strategically placed to draw a boundary It allows free flow of light and air, especially where there is no solid wall separating two areas The trick to save money, and get the benefit of MORE SPACE is to think of a furniture that serves the purpose of partition as well 9. Installing blinds Stylish blinds effectively mask the views you want hidden or blocked They are super easy to assemble and move around Add a plush and chic look to your room Create a division without fully enclosing the space, thereby maintaining a breezy feel These tricks are long-lasting ideas that you can use as often as you want, and to the most out of your spaces! So, take control of your home! Live smart, live free!! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “5 simple joys of living in a spacious ‘independent floor’3BHK luxury residence”.click here
Benefits Of Buying Exclusive Floor Apartment During Early-Stages Of Construction in SAINIKPURI, Hyderabad!
Benefits Of Buying Exclusive Floor Apartment During Early-Stages Of Construction in SAINIKPURI, Hyderabad! An ‘exclusive-floor’ apartment is one where you own the entire floor, because you have only ONE APARTMENT PER FLOOR. These kind of residential units are coming-up in Sainikpuri and Yapral Secunderabad because of the demand factor. Besides being spacious (upwards of 2200 sft), these are luxurious units being offered in the lush green environs of Sainikpuri. Sainikpuri as an area is considered to be up-market, and a home in this beautiful locality guarantees both peaceful-living, plus bountiful of nature. Plus, the advantage of having Armed Forces and Government officials in and around Sainikpuri makes it a very desirable place to live-in in terms of the gentry. Sainikpuri is very close to a very large land parcel of Army installations that occupy over 4 square kilometres of untouched green cover. Exclusive floor apartment is usually constructed on plot sizes of 400 square yards to 700 square yards. This makes them very spacious with all 4 sides open to sky. Since the prices of residential plot have gone beyond Rs 50,000 per square yards, making an independent bungalow in Sainikpuri area has one well beyond Rs 3.5 crore. On the contrary, a 2200 sft ‘exclusive-floor’ unit costs well within Rs 1.5 crore with all the relevant amenities like ‘elevator-access’ to each of the 5 floors. This means, you virtually get to buy your own ‘sky-villa’ with high-end specifications at a very attractive price-point of Rs 6000 to Rs 7000 per sft. Reasons to buy an exclusive floor apartment in early stages of construction The standalone configuration of these exclusive floors in Sainikpuri, as permitted by GHMC civic authorities is- 5 storey building with ground floor reserved for parking.New launch properties are more economical as compared to ‘ready to move in’ apartments. Plus, with ‘exclusive floors’, the time to construct is usually well within 18 months, and you don’t have to wait too long to see construction happening fast. Making a first-mover and a fast-mover advantage when you choose a project being offered by a reputed builder in Sainikpuri area. FIVE clear advantages of buying an ‘exclusive-floor’ during early stages of construction in Sainikpuri- 1. Early bird discounts and offers When the bank-loans are at a pre-approval stage, and during early stages of construction, the builders are more amenable to discounts to kick-start the project As the project of this 5-storey building crosses the 4th floor level, the incentive to offer discount to new customers disappears So, early-on, booking your own ‘independent floor’ unit is an opportunity, especially in Sainikpuri 2. Select unit of choice early-on When you approach the builder at an early stages of construction, you can choose the floor of your preference Some people like higher floor, others prefer closer to the ground, and some may even want a middle floor With only 5 floors on your, the choices disappear very fast. Hence, it is prudent to make the choice early-on 3. Sainikpuri as a locality is in demand Sainikpuri as a locality is in demand, and your preferred unit may get sold and booked faster than you imagine This happens more so when the builder is a reputed one, and the number of takers are more New infrastructural development in Sainikpuri area is rapid. The ‘social infrastructure’ in and around Sainikpuri is excellent, and it is a joy to live in a beautiful locality like Sainikpuri The face of Sainikpuri is only getting more and more beautiful with every 6 months This leads to demand of the locality as well as prices going up every year 4. Price hike is rapid as construction progresses Prices normally go up by Rs 300 to Rs 500 per sft when the structure is ready, and when at least 2 out of 5 are sold When nearing completion, the price may increase by more than Rs 700. This means you can witness appreciation of property well before you take possession This also means, that those who take the timely decision of booking the property can witness their exclusive floor apartment appreciation by Rs 10 to Rs 14 lakh With rising labour costs and cost of raw materials you can save a considerable amount by booking your property early-on 5. Scope of customisations to suit your needs This is the biggest advantage where you can get your preferred view as well as preferred layout when the structure is still on a paper With a small builder in Sainikpuri, you can very well customise your unit to a great extent to suit your requirements Once the construction goes beyond a certain stage, you have to accept all the design elements, and any dismantling of re-designing etc. is a cost you have to bear Interior layout changes and minor changes in the design can easily be done when you book your apartments at early stages So, all you need to do is to choose the right builder and the choice of your ‘exclusive-floor’ in Sainikpuri at the right time. This will give you a definitive edge much to the delight of your family! Eventually, you must research well, and take a deliberate decision to own your exclusive floor apartment dream in Sainikpuri! “Every decision brings with it some good, some bad, some lessons, and some luck. The only thing that’s for sure is that indecision steals many years from many people who wind up wishing they’d just had the courage to leap.” -Doe Zantamata ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “5 simple joys of living in a spacious ‘independent floor’3BHK luxury residence!”.click here
Tips To Check ‘Construction Quality’ Of A 2/3 BHK Apartment In A ‘Standalone Building’ In Hyderabad!
Tips To Check ‘Construction Quality’ Of An Apartment In A ‘Standalone Building’ In Hyderabad! Things often become difficult if you are planning on buying a ‘Standalone building’ 3BHK apartment. While you may have checked on GHMC or RERA approval for the apartment being offered, one always remains doubtful of small builders who operate in the 400 square yard plot to 2000 square yard plot segment in Hyderabad. These small builders cater to broadly the range of two segments of home buyers- (i) middle-class, cost-sensitive, and (ii) luxury-seeking affluent home buyers, who want more for the money they pay. The small builders offering ‘economy’ class apartments have to make sure they offer their homes at a competitive price. Clearly, the home buyers in this segment are looking for ‘more out of less’ in the middle-class segment, with 2 or 3 bhk homes ranging from 1000 sft to 1600 sft in area. For this segment of home-buyer, ‘price’ sometimes becomes more blinding than the more important aspect of ‘quality-consciousness’. The ‘affluent’ segment of home buyers want more exclusive quality and are willing to pay more for a higher lifestyle and luxury. This segment of home buyers could opt for ‘spacious one apartment per floor’ residences upwards of 2000 sft. Either way, as a home buyer, you need to be aware of effective ways to check on the construction quality of your ‘standalone building’ apartment. 6 worthwhile checks on the ‘quality’ of a standalone building apartment 1. Check on the soil type 2. Check the basic structural design and sturdiness 3. Check for measures like the thickness of the wall 4. Inspect on the quality of plastering 5. Check on the specifications and the fitting & fixtures 6. Check on the quality of cement, and processes used for cement mixing Overall, with these basics, you can choose a builder who understands and values being ‘quality conscious’! Never compromise on quality by compromising and settling down for low quality, which usually comes at a lower price i.e. Rs 200 to 300 lesser than good quality specifications. Such a hasty decision to sacrifice quality over a lower price is a decision that home buyers regret about, especially, while buying a 2 or 3 BHK ‘standalone building’ apartment in Hyderabad! “The bitterness of poor quality remains long after the sweetness of low price is forgotten.” -Benjamin Franklin To know more about “5 simple joys of living in a spacious ‘independent floor’3BHK luxury residence!“.Click here!
Importance Of Home Insurance To Protect Your Dream Home And Life-Earnings!
Importance Of Home Insurance To Protect Your Dream Home And Life-Earnings! Home insurance is something that is oft-ignored by homeowners who buy a home. It helps us cater to unforeseen events that help tackle unexpected expenses arising in the event of a damage or loss in your house. Home owners insurance is a property-related insurance to covers losses and damages to the homeowner’s residence. It may also cover furnishings and other assets in the home. Homeowner’s insurance provides ‘liability coverage’ against any possible accidents in the home or the property. Home insurance- the basics Home insurance offers coverage against your property damages or loss of personal assets. The coverage depends on the type of insurance plan being taken. A house is normally the costliest asset we possess. A Home insurance gives you financial coverage during unfortunate events like fire, earthquake or floods. The intent is to cover for property damage or theft of valuable assets in your home.Home insurance gives a great sense of security and relief to you during such unforeseen circumstances. Once we are under the umbrella of this cover, we do not have to carry the financial burden of renovation or rebuilding costs of your home structure should such damages occur. How it works An insurance provider evaluates your assets, and give you a quote for a premium amount to be paid with a stipulated time-frame to avail the insurance coverage. Buying an insurance of this nature is usually NOT a priority item, but is supremely critical. It is extremely wise to evaluate different insurance providers who offer this general insurance, and find the one that best suits your needs and budget. The amount of premium needed is usually more for an older property as compared to a newer one. Preparedness to avoid mishaps For apartment buildings, use of all necessary safety measures like fire extinguishers, smoke detectors, security surveillance system etc. reduce the possibilities of environmental, mechanical, electrical or other mishaps. Different types of policy covers include- Building Insurance, Contents Insurance, Tenant’s Insurance, Landlord’s Insurance, Personal accident cover, Public liability coverage among others. It is advisable to seek reliable and professional advice to understand the coverage these provide, and to explore the best option. Major advantages of home insurance 1. Financial cover against calamities Much needed financial coverage and protection against natural and man-made calamities Peace of mind when you stay covered on calamities like floods, earthquake, storm, explosion, fire, electrical etc. Unthinkable circumstances that are unforeseen disasters like explosion, strikes and riots Insurance claim can be made with ease to recover the loss or for repairs, and not go through the gigantic trauma of losing your life-savings, and NOT being able to recover them ever! 2. Cover against loss of valuable assets Coverage against the loss or damage of priced assets in the house Covers for theft or any other man-made or natural incidents Gold, jewellery, cash, furniture and other appliances insured The best part is that the premium amount is much lesser compared to the value of assets/belongings 3. Provides for temporary living expenses Structural damage to house is covered Temporary stay in another house possible with rental expenses borne by the insurance company Hence, go through terms and conditions that is favourable in situations like staying in a rental house till your house back to normal condition 4. Add-on coverage Additional benefits include extra coverage limit, premium discounts and exciting add-ons to secure your comfort and living experience amidst calamities Few builders even offer complimentary home insurance coverage for a specified time frame to attract homebuyers Certain acts of wisdom go a long way to secure your family, your life, your life-style, your status, your earnings, and your overall peace of mind. Having a home insurance tops that list! “No man was ever wise by chance.” – Lucius Annaeus Seneca ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “5 simple joys of living in a spacious ‘independent floor’3BHK luxury residence!” click here
Why a Bank’s Home Loan is Safer
Why a Bank’s Home Loan is Safer Home loans in Hyderabad are in high demand, especially with the city’s rapid urban growth. Whether you’re seeking guidance from home loan agents in Hyderabad or calculating your EMI with a home loan calculator, choosing a bank loan for flat purchase is often the safest route. Overview of Home Loans in Hyderabad Hyderabad’s booming real estate market is attracting first-time homebuyers and investors alike. Banks play a vital role by providing structured financing options that support safe, long-term property investments. Popular Banks Offering Home Loans Many trusted banks offer home loans in Hyderabad with flexible repayment options and attractive rates. These banks ensure transparency, faster disbursal, and strong regulatory backing, making them ideal choices for safe, long-term property financing. Some of the leading banks offering home loans in Hyderabad include: Current Interest Rates in Hyderabad Interest rates can vary based on your credit profile and chosen bank. Hyderabad borrowers can benefit from competitive rates that align with RBI policies, making bank loans for flat purchases more affordable and predictable in the long run. Here’s a snapshot of the current home loan interest rate all bank (as of April 2025): Home Loan Features Bank home loans come with flexible repayment terms, optional insurance coverage, and multiple repayment modes. These features are designed to accommodate various income levels and provide long-term financial security to homebuyers in Hyderabad and beyond. Understanding Bank Home Loans Understanding how bank home loans work helps borrowers make informed decisions. These loans offer a secure path to property ownership, backed by government regulation, clear repayment structures, and competitive terms that outmatch most unregulated lending options. Banks follow strict RBI guidelines, offering transparent terms for a loan for flat purchase. Compared to NBFCs, banks usually provide better regulation, lower interest rates, and consistent approval criteria. Eligibility Criteria Explained for Bank Loan Banks assess home loan eligibility based on income, employment, and age. Meeting these criteria ensures timely approvals and helps avoid loan rejections, especially in a competitive housing market like Hyderabad. Key factors include: Role of Credit Score A high credit score boosts your chances of loan approval and better interest rates. Maintaining a healthy CIBIL score is crucial for accessing favorable home loan terms from top banks. A good CIBIL score (750+) significantly improves your chances of loan approval and may also fetch you lower interest rates. Use of Home Loan Calculator A home loan calculator is an essential tool that allows borrowers to estimate their EMIs and plan budgets wisely. It reduces surprises and enhances financial readiness before applying for a home loan. Using a home loan calculator helps you: Benefits of Choosing Bank Home Loans Bank home loans provide long-term financial stability, government-backed safety, and clear repayment paths. These benefits make banks a top choice for Hyderabad’s growing homebuyer base. Transparency and Regulation Banks follow strict RBI regulations, offering full transparency on fees, interest rates, and loan terms. This safeguards borrowers from hidden charges or predatory practices often seen with unregulated lenders. Banks are regulated by the RBI and follow stringent protocols, ensuring you avoid hidden charges and exploitative clauses. Competitive Interest Rates Banks in Hyderabad compete to offer the best home loan interest rates. Comparing offers from multiple institutions ensures you get the most affordable and sustainable deal. With a wide range of options and RBI-linked rates, banks often offer competitive deals compared to NBFCs. Trusted Disbursement Process Bank loan disbursals follow a verified, stage-wise process that ensures funds are released based on project milestones. This protects borrowers from delays and builder-related risks. Banks release funds in verified stages, especially for under-construction flats, ensuring financial safety. What is Preliminary Approval in Home Loans? Preliminary approval is the lender’s initial assessment of your eligibility. It acts as a financial passport, showing how much you can borrow even before finalizing the property. Preliminary approval apartment meaning: It is a lender’s initial nod based on basic eligibility checks. It indicates your borrowing capacity. Why It Matters to Buyers Having preliminary approval empowers homebuyers to negotiate better deals, reduces delays, and provides a clear budget framework while house hunting in a dynamic market like Hyderabad. Steps to Get Preliminary Approval Getting preliminary approval is simple but important. It includes filling out a form, submitting documents, and receiving confirmation of your borrowing capacity based on initial checks. Documents You’ll Need Having the right documents speeds up your loan process. From ID proofs to income statements and property agreements, document readiness is key to smooth bank loan approvals. Step-by-Step Guide to Apply for a Bank Home Loan Applying for a home loan involves several crucial steps. From eligibility checks to sanction and disbursement, this guide helps you navigate the process with ease. Pre-application Preparation Being well-prepared improves your loan approval chances. Assess your credit health, gather required paperwork, and calculate affordability before submitting your home loan application. Choosing the Right Bank & Agent The right bank and home loan agent can make a significant difference in loan approval and terms. Agents simplify procedures and help secure the best rates. Home loan agents in Hyderabad can simplify comparisons, speed up paperwork, and provide negotiation leverage. Submitting the Application Properly submitting your home loan application, with complete and verified documentation, ensures a smoother approval process and reduces the chances of rejections or delays. You’ll need to: Loan Sanction and Disbursement Loan sanction is the bank’s final approval, followed by disbursement based on construction or agreement stage. Timely release supports smooth property purchases. Post-verification, banks issue a sanction letter. Funds are released in phases (tranche disbursal) for under-construction properties. Home Loan for Apartment Buildings Securing a loan for apartment buildings involves project evaluations and builder credibility checks. Banks offer financial support for multi-unit or under-construction properties with verified approvals. If you’re wondering how to get loan for apartment building, banks evaluate the project holistically. They assess: Key Differences from Flat Loans Loans for apartment buildings differ from flat loans in scope, builder eligibility, and documentation. Understanding
5 Checks Before You Buy An Exclusive-Floor 3BHK Apartment In Hyderabad!
5 Checks Before You Buy An Exclusive-Floor 3BHK Apartment In Hyderabad! When we say ‘exclusive floor’ and ‘independent-apartment’ in a ‘standalone building’, the reference is to a 5-storey building with only 5 apartments. This means, each floor has only ONE apartment, and you own the entire floor, should you buy ONE out of the total FIVE apartments. In Hyderabad, many small builders acquire small plot sizes ranging between 400 to 600 square yards in good localities, and construct a 5-storey building with due approvals from civic authorities (GHMC). These ‘exclusive-floor’ apartments are more expensive than regular apartments, because- Only 5 home-owners share the cost of the residential plot. Whereas, in regular apartments, the residential-plot cost is shared by many more home-owners. This means you have to pay a price for this ‘exclusivity’ Such independent ‘one flat per floor’ apartment in hyderabad are more luxurious, and high-end specifications provided They usually measure over 2000 sft in area, and are very spacious The luxury element gets heightened because, all sides are open, and you have complete access to all the balconies, with unrestricted views of all sides These ‘independent-floor’ homes are Vastu compliant simply because they are open on all sides getting maximum sunlight and clear ventilation They may normally cost anything between 40% to 60% more than regular apartment in hyderabad. In a locality like Sainikpuri, Yapral, a regular apartment costs approximately Rs 4200 to 4800 per sft in a standalone building segment. Plus, these homes are usually not more than 1600 sft in area. So, cost-wise, they can be anything between Rs 70 lakh to Rs 90 lakh in Sainikpuri, Yapral area. However, an ‘exclusive floor’ in Sainikpuri or Yapral would cost in the range of Rs 6000 to Rs 7000 per sft. Plus, they are usually more than 2200 sft in area. This is why they cost approximately around Rs 1.5 crore range. So, before you pay an amount like Rs 1.5 crore for your home in an area like Sainikpuri, you need to check on a few elements to secure your peace of mind. You must do your due-diligence and home-work well for the safety of your hard-earned money in order to secure long-term happiness and peace-of-mind. some basic critical checks you must conduct before you buy your exclusive-floor apartment in Hyderabad. 1.Builder reputation and past projects Builder reputation can be judged based on past projects delivered Things to check are possession time-frame and existing resident feedback Reputation can also be judged by the quality of construction of delivered projects 2. Check for civic approvals Civic approvals required for a standalone building ‘exclusive-floor’ usually is given by GHMC as a building-permit RERA does not apply for small projects, hence GHMC building-permit is sufficient 3.Check for a home-loan approved property Home loan approved projects are safe since the financial institution granting a loan against a property would have conducted all the legal checks An exclusive-floor small project approved for loan by financial institutions means that your money is safe, since the property is mortgaged to the bank 4.Check for relevant amenities like elevator & power back-up Checking on relevant amenities like elevator access to your floor and having diesel gen-set are a must Home buyers in Hyderabad are looking at more convenience and space inside the home rather than outside amenities as offered in massive gated-community projects 5. Check for quality, specifications and construction-rigour Quality of construction is critical so that the property remain strong and sturdy even after decades This can be determined by enquiring into the pre-construction rigor like soil-testing based construction, adequate termite treatment, use of high end construction material/cement/bricks and so on The specifications of all the fittings and fixtures used in all kind of rooms, plumbing and electrical materials determines quality This way, you can make sure you are buying the right ‘exclusive-floor’ apartment in Hyderabad with the right specifications, and from the right builder! There’s nothing better than conducting your own due-diligence exercise, and securing peace of mind and happiness! “The measure of success is happiness and peace of mind.” – Boby Davro ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “5 simple joys of living in a spacious ‘independent floor’3BHK luxury residence!“. Click Here
Interesting facts about availing a home loan for a residential property in India!
Interesting facts about availing a home loan for a residential property in India! Home loans are needed primarily for two reasons– (1) arranging for finances due to lack of it, and (2) to be doubly sure that the property being bought is legally safe. The first reason of ‘not having adequate finances to buy a property cash-down’ is evident. While home loan applicants may have a good ‘yearly income’, they do not have the ability to cough-up the entire amount needed to buy the property. Hence, it becomes prudent to taking a home-loan, and commit to paying an Equated-monthly instalment based on the potential to repay! The second reason is the ‘safety aspect’. Many home-buyers have the potential to buy the property upfront, but they still avail a loan for tax reasons, and to be sure of the safety/legal aspect. Residential property papers are checked thoroughly by a financial institutions before an approval is given. It feels safe for a home loan seeker to see that the property is viewed as ‘SAFE’ by a financial institution from a legal perspective. Normally, most home loan seekers take a loan for 15 to 20 year tenure, an end-up repaying within an average of 10 years. The following documents are needed by the financial institution for processing a home-loan application- 1. Identity and address proofs A valid passport, voter ID card, Adhaar card give credibility to your being a recognized citizen of the Republic of India Proof of residence so that there is an assurance of your credentials and background 2. Income documents These are required by the lender to assess the extent of loan you are eligible for Employed or salaried applicants are required to submit salary slips (usually last 3 months) determine the amount of your disposable income Self-employed applicants are required to submit income tax returns and computation of income for previous 3 years to get their eligibility assessed by the financial institution 3. Property documents All the property papers, linked documents, the proposition of apartments, parties involved, a clear agreement to sell, the title deeds, etc. are evaluated by the financial institution The intent is to give a go-ahead for loan only if it is safe for the bank itself to ‘lend’ against the property. The property for which is lent is usually ‘mortgaged’ to the financial institution till the principle amount along with the interest component is paid back by the home loan lender This due diligence on the property is done basis these documents Financial institutions actually check out the property documents in original to get your home loan disbursed Your original property documents are mortgaged with the lender as a security and risk-measure 10 important things about home loans ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “5 simple joys of living in a spacious ‘independent floor’ 3BHK luxury residence!”
Questions to ask as you set-up a kitchen garden in your apartment balcony!
Questions to ask as you set-up a kitchen garden in your apartment balcony! Setting-up a kitchen garden can be a rewarding and satisfying exercise, especially if you are living in an apartment. Bigger the balcony, easier it gets to set-up the kitchen garden. This becomes easier if you are living in an ‘independent-floor’ residence, since the ‘corridor’ also is exclusively yours because you ‘own the entire floor’. Otherwise, 3 BHK apartment units normally have large spaces with a width of more than 5 feet in the balcony to optimize on having your own kitchen-balcony or roof-top. Down South in India, we have many edible-herbs that can be very useful to add the flavours to our daily cooking. With complete access to a balcony, rooftop, terrace, or patio, you can grow a wide range of veggies, herbs, perennials, and flowers in small pots or containers. Source- https://www.almanac.com/10-tips-starting-balcony-garden 10 Questions you need to ask before you begin the exercise are- 1. Am I allowed to set-up a kitchen balcony as per building or society norms? Check the qualifier rules for your building is most important Most buildings and societies do not have a problem if you put-up anything in your garden unless they do not intrude with the façade or put fellow-residents to inconvenience 2. Can my balcony or rooftop bear the weight of these pots full of soil? Clay pots or even plastic ones can be heavy once filled with soil so you need to factor-in the loadbearing capacity of your balcony before you venture into the exercise You must not jeopardize the safety of your family and fellow-residents trying to achieve something that is not feasible 3. Will I be able to water and care for my plants? In a ‘one apartment per floor’ standalone building, the roof-rights are usually with the top-floor owner. So whether it’s a roof-top or just your balcony, you must ensure there is adequate watering facility Also, the extra burden of water-availability, and cost must not fall on the other residents Drip irrigation or self-watering pots are a good option where possible You must also make sure that excess water-flow out of the vents of your containers or pots do not drain down into the balconies or homes of your neighbours Proper garden equipment like watering equipment should be bought to avoid wastage of water, and to use water efficiently and minimally One should put saucers or trays under your pots or containers to avoid spilling of water, and to collect the overflow 4. Which plants are suitable? Choose plants that will survive based on the seasons and weather-conditions Check for adequate sunlight- whether it’s adequate and stays all-day long, for at least 6 hours a day Match the amount of sunlight with the type of plant for healthy growth If sunlight is less, go for low-light plants Grow edible plants like coriander, curry leaves, green-chillies, wheat-grass, lettuce and so on depending on your culinary preferences 5. How are the weather conditions in my balcony? Extreme conditions hinder the growth of plants, be it hot-drying winds or very cold-winds, or even excessive light or rainwater Take precautions of measures to match the conditions with protection- e.g. self-watering pots when it’s a very hot place, or providing shade using a green cloth-mesh Look for ways to protect the plants from sun-burn or wind-burn 6. How hot or cold does my balcony or rooftop get? If heat is excessive, go for tropical plants that can take excessive of it Treat your balcony as a tiny outdoor room, and add chairs and table to enjoy sitting in the greenery Use sun-blocking shrubs, a fountain or even wind-chimes to counter the outside pollution or even background noise 7. Do I really have enough space? Start small if your space is small, and not go overboard You could even explore vertical gardening along the walls of your balcony to save & optimize on space Check on how much time you can invest in gardening Use wall space to hang baskets and wall pockets 8. Do I really wish to grow edibles? Be prudent only to plant that much which your space can hold. You cannot use kitchen garden to support you 100% for your edible needs If spaces are a challenge, just put enough edibles that you can use sparingly, and not make it a regular source of supply 9. Do I have enough time for them? Maintenance of a small garden also can be a big task, since plants need more watering when in containers or pots This is where self-watering pots or drip irrigation works as a boon Also, one needs to pick the vegetables when they ripe to keep the plants productive 10. Do I have the budget? It is better NOT to be ready-grown plants as they cost more Pick small plants or even seeds You can turn used containers also into gardening pots to save on cost Existing home items also serve as containers, provide you punch a few holes for water to drain. This too saves cost Another option is to pick containers, pots, manure etc. during sale It is prudent to spend good money on quality potting soil Start small and see these plants fit into your busy schedule. Not be in a hurry to take too much work at the initial stages These small tips can go a long way to help you remain happy and content in nurturing your balcony garden without having to fret as you move along! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “5 simple joys of living in a spacious ‘independent floor’ 3BHK luxury residence!”
‘Credit score’ for home loans- 4 simple ways to keep it healthy!
‘Credit score’ for home loans- 4 simple ways to keep it healthy! The real estate market in India has been reasonably stable despite the pandemic. The banks are also very favorably placed in terms of home loan rate of interest. The only thing that the home buyers need to do is to have a good credit history. In simple words, the banks need to feel safe about the money being lent to you as home loan for you to purchase your dream home. This is where ‘credit scores’ become important. In this article we shall understand what this means, and what a home buyer needs to do so that you are viewed favourably by the financial institution giving you a home–loan. Concept of Credit Score This is basically a numerical score to measure an individual’s creditworthiness. This means ‘ability to repay a loan’. The score in India ranged between 300-900. Reserve Bank of India has given license to 4 companies to measure credit score of individuals- (i) Credit Information Bureau India Limited (CIBIL), (ii) Experian, (iii) Equifax, and (iv) CRIF High Mark. While applying for a home loan, a lending bank check on your ‘credit score’ to assess whether or not you are capable enough to repaying your loan amount. Credit score is arrived-at based on all the ‘payment history’ of credit-bills of an individual. A credit score above 750 is considered very good, and helps you get loans at a very low interest rates. With this background, let us now discuss how you can improve on your credit score. 1. By making timely payment of bills Paying your monthly credit bills on time helps improve you credit score Prompt payment of bills within the due date helps The existing monthly instalments should not have gone into a default Avoiding delay on your outstanding credit payments is perhaps more important than showing healthy savings in your bank account Of course, by being thrifty, and having higher savings, you also end up getting an impressive credit score 2. By keep credit cards active The duration for which you have retained a credit card also helps There is no need to cancel extra credit cards that you own Instead, it is advisable to keep them active by using them sparingly. For instance, using to pay or recharge your mobile bill, or paying for household necessities. What’s important is to pay them off well within the ‘due-date’ 3. Check on your credit report once a year Checking your credit report once a year helps you keep a tab on how the scores are progressing A free credit report from credit bureaus is available on request Remember not to apply for too many loans, and having too frequent hits or enquiries on your credit report A credit score in the range of 740 to 799 is considered extremely good. Above 800 it becomes excellent 4. By reducing your fixed payment obligations Obligations to Income ratio is an important measure that banks consider. So, having lesser ‘fixed obligations’ releases more disposable income to service a home-loan The extent of income also helps. A person who earns Rs 1 lakh per month will have a higher eligibility of loan amount compared to one who earns Rs 40 thousand Of course, the amount of disposable income matters. If a person with high income is already burdened with too many existing loan re-payments, the chances for added loan becomes bleak. This is because such an ‘over-leveraged’ individual with too many loans becomes a risk. Excessive loans indicates ‘lack of good financial sobriety’ Fixed Obligation Income Ration (FOIR) refers to the existing amount of your monthly income which is already being used-up for repayment of existing equated-monthly0instalments. This is why decreasing the FOIR improve your credit score, thereby, increasing possibilities getting a loan with higher eligibilities These tips will go a long way to improve your credit score. These will also allow you to make a wise decision in applying for the ‘right amount and tenure’ of home-loan, and NOT face rejection of your home-loan application. “Life can be simple and beautiful. Focus on the good things.” -Maxime Lagacé To know more about “5 simple joys of living in a spacious ‘independent floor’ 3BHK luxury residence!” Click here
5 tips to finding the right standalone building apartment in Hyderabad!
5 tips to finding the right standalone building apartment in Hyderabad! Buying a home is not an easy decision. Choosing to opt for a ‘standalone building apartment’, as against a gated-community apartment clearly means that you want to pay for ‘what’s inside the house’. Many home buyers are interested in more space, and a better living environment INSIDE OF THE HOUSE, and NOT so much for a ‘host of amenities’ like a swimming pool, gym, parks, spa, etc. In any case, the standalone building apartments do offer all the RELEVANT amenities like parking, lifts, security, common lobbies, and power backup facilities. Clearly, the COVID pandemic has changed how a typical home buyer in Hyderabad thinks. This is why people are now willing to foray into places (localities in Hyderabad) that are away from prominent employment hubs in and around Gachibowli, Hi-Tech city areas, etc. Why do home buyers choose a standalone building apartment in Hdyerabad? Fortunately, Hyderabad has dozens of residential pockets across all 5 zones of GHMC – East, West, North, South, and Central Hyderabad. Luckily for us, all these 5 zones are self-sufficient. Unlike in the 1980s’, we no longer have ONE central location in the city where people would flock for their shopping or other needs. This means that virtually all the relevant social infrastructure is evenly spread out throughout the city of Hyderabad. This is one of the main reasons why standalone building apartments built on small plot sizes ranging from 400 square yards to approximately 2000 square yards are widely spread out throughout the city. Plus, since the city of Hyderabad is growing, there are NOT many pockets of large land parcels measuring in acres in good localities. This is another reason why standalone building apartments have a strong market in Hyderabad! The home buyers know that they don’t have to wait for the area to come up or ‘develop’ when they choose a standalone building apartment. There are two types of configurations available in a standalone building apartment- Regular apartment- these normally range from 1000 to 2000 square foot area, and are meant for the value-conscious middle class buyers. The price depends on the locality- for example- while the price in Kondapur, Nallagandla or Gachibowli may be over 6500 per sft. The same apartment in Sainikpuri, Kompally or Yapral could be priced in the range of Rs 4000 to Rs 5000 per sft. These homes are usually in the range of Rs 60 lakh to Rs 1.3 crore price range ‘One apartment per floor’ residences- these are bigger, more luxurious homes measuring more than 2000 sft. Meant for those seeking lifestyle and luxury, these units fall in the range of over Rs 1.4 crore and upwards depending on the square foot area and location The choice of the apartment depends on the home-buyers budget and family priorities. Let us now explore the 5 tips for choosing the right kind of standalone building apartment. 1. Location matters Pandemic has inspired many people to move away from the hustle and bustle of city While the lure of job-hubs in and around Hi-Tech city and Financial district continues, many home buyers are consciously preferring to be in other locations Within a locality, the ‘specific location’ also matters. For instance, if someone chooses to live in Sainikpuri, one can choose to be closer to Sainikpuri main road, or away from it. The standalone building apartments less than 1 km from Sainikpuri main road would normally cost more than those located beyond 3 kms from Sainikpuri main road Social infrastructure and proximity to them also are important considerations when we talk of location. The closer you are to schools, work place, health and lifestyle infrastructure etc., the higher is the per square foot price of the standalone building apartment 2. Go for homes that are spacious and efficiently designed Remote working and studying from home has become a way of life A standalone building offer more space inside the home Plus, the need to be efficiently designed is more in these apartment One of the reasons why home buyers in Hyderabad are moving away from gated-community apartments is to AVOID IRRELEVNT amenities that you may not use for want of social distancing Instead, having a more spacious home to safely occupy is a better deal! 3. Choose a low-population density residential colony As a consequence of the post-pandemic awareness and change in lifestyle, a standalone building give the advantage of being located in a colony that is not so crowded The well-established colonies like Sainikpuri are full of a massive green cover, and will always remain sparsely populated for a long time to come This is an advantage the home-buyers consider very critical for the well-being of their family 4. Choose ‘quality’ and ‘high-end-specifications’ over low-price Quality of construction provided by the standalone builder matters! You don’t want a low-quality, substandard building which gets out-of-shape and looses its capital value as time passes by Low-price deals that are lucrative must be viewed with scepticism The best way to avoid to fall in the lure of low-priced deal is to have the knowledge about what kind of quality-rigour that you want for your dream-home The specifications of what’s being offered both inside and outside the home needs to be of ‘high0end specifications’ 5. Check for builder reputation and previous projects Do check for the past projects delivered by the standalone building builder that are duly approved by RERA or Civic authorities as well as approved for Bank loans A glimpse into the previous projects a good perspective and helps your decide whether or not to choose a particular builder After all, seeing is believing! These are some of the tips on choosing the right standalone building apartment, which is turning out to be a wise choice for homebuyers in Hyderabad! A standalone building is a wise segment to choose as your dream home since it focuses on the ‘good things’ life can offer! To quote Maxime Lagacé- “Life can
