Archive for the ‘Real Estate’ Category

Bangalore Residents Opt for Smart Homes

The flourishing real estate of Bangalore is attracting a high number of investments from across a wide segment of buyers.  With an investment of only Rs. 70,000, a buyer can easily upgrade to a smart home in this urban city. Let us take a look at how integrated smart home providers are promoting this revolutionary concept for a simplified lifestyle.

An Overview

Whether you are seeking to upgrade your existing abode or buy a home in Bangalore, you can customize your home to make it `smart’. There is a latest trend of installing smart technology in homes to suit and simplify your current lifestyle. It may cost you dough, but in the end you will know why it is worth the expenditure. Residents who opt to live in smart homes get to experience a home with unobstructed Wi-Fi, automatic control of lights, fans, air conditions, TVs, geyser, a motion-detecting security system and also a garden water sprinkler system.

So how smart should your house be? It all depends on the amount you are willing to invest in it. The smart home technological systems start from a minimum of Rs. 70,000 and go up to Rs. 37 Lac so you can make your apartment or villa smart depending on your budget. The price mainly varies because of the difference in the quality of sensors, detailing and integrated services. All this eventually differentiates one smart home from another. Read the rest of this entry »


Why should you invest in Real Estate?

 While planning for a secure future the most important aspect that comes to one’s mind is that of purchasing a house or investing in property which can give good returns for the next generations. Putting money in real estate is looked at not only as an option but as a necessity which forms the basis of a secure, respectful and peaceful life. Some pointers are listed below which enlist as to why should you invest in Real Estate?

Since ages investing in property is considered as a safe option as the mental security and the financial standing that it offers is immense and incomparable. Society owes its formation and institutionalization to property as well. It was after the coming in of the concept of property that the ancient man needed legal children to inherit it and hence emerged the concept of marriage and legal heirs.

If we look at it minutely, everything revolves around economics and management of property in the society. Real estate forms the very basic need of an individual and hence the fulfilment of the same tops the list of individuals.

Social standing and economic security

Owning a property brings with it a social status and feeling of economic security. This is essential for peace of mind and assurance that one has a place to live in and an asset; the value of which is increasing year by year.

Since, having an accommodation is the basic need for an individual but people also keep it as an investment option; one that will reap good returns upon selling.

Safe and secure investment option

Over the years, across countries and continents, investment in real estate has given good and assured returns to the owners and hence is seen as one of the best investment options. The value of land has only gone up and with increasing population; it is bound to rise further. Talking of real estate sector in the sub-continent, one can only marvel at kind of growth and development it has been witnessing over the last one decade. Drastic changes are visible in the way properties are developed and launched.

Since the coming up of international firms and investment from across the world, the rapid development that the sector has seen is incomparable. Witnessing a high growth in some cities, reflects the tremendous amount of money inflow and focus the sector enjoys.

Smaller towns and cities too on realty high

This growth and progress is not limited to big cities and metros only and has infiltrated into smaller towns, mini cities and sub-cities. The real estate big wigs realize that immense scope for development lies in these pockets and they too have huge consumer and population base.

If one notices the infra changes in the local and private facilities in cities, one may find that the progress has seeped in and the local governments are now waking up to bettering infra facilities.

Recession proof industry

Whenever the recession strikes and jobs and economy shrink, one sector which stands tall is the real estate sector. Braving the falls, which result in the decline of the prices a little bit but never it sees a downfall or depreciation in longer run and the core value of property is always intact.

The rate of return may decrease owing to the slowdown but the sector and the property provides a protective shield to the owner who is assured of basic living standard and some assured returns for future.

Author writes for 99acres.com, one of the top ranking real estate portals, dedicated to provide the best real estate solutions to the customers. 99acres.com offers detailed information about buying, selling or renting of the properties available at various locations in India such as property in Kerala.


Guide to Find a Property on Rent

Are you looking for a rented house? Well, there are a host of things that need to be considered at the time of taking a house on rent. Read on the article to get some useful tips on finding a property on rent.

Finding a prefect house for rent can be a time taking process if not planned properly. To make it a right decision, there are several things that need to be considered at the time of looking for a rental property.  Take a look at them:

Know your Budget

As a tenant, you need to pay rentals on regular basis. It is an expense that cannot be avoided. So, it is advisable to know beforehand that how much you can spend on a rented house. Avoid taking a high rental property that makes it difficult for you to pay rent in future. To decide on your budget, calculate all your taxes and expenses and decide accordingly. Some amount should be kept aside as your savings. Remember, every year your rent amount is going to increase. So, decide your budget wisely.

Property Size

To refine your search, decide in advance the size of property that will meet your purpose. If you are single, a 1 BHK flat is sufficient. However, if you are married or have kids, you can refine your search to a 2/3/4 BHK flat. This helps you to save time in checking the different sizes of flats.

Check Location

When you are living with your family, it is imperative to choose a residential locality that is a safe place to live. Apart from security features, also check if it is accessible from other nearby locations. If you have kids, look for a location that is in proximity to schools, colleges, shopping centers and medical centers. If you do not own a car, it becomes more important to check a locality that offers easy availability of public transportation. Mostly, flats available in prime locations of a city include high rentals. However, it is important to realize that living in a posh locality is always a safe option than choosing an interior location with comparatively low rentals.

Check the Things you Need

You can make your rented house a perfect home if it includes everything you want within your budget. Nowadays, everyone dreams of a lavish lifestyle. While searching for a property on rent, look for a residential apartment that offers modern amenities and features, including gymnasium, play area for kids, swimming pool, and club house. With an increase in the demand for luxury living, several reputed developers in India are offering luxury residential projects at a different price range.

Market Survey

Before deciding on any property, it is advisable to do some market survey about the current rental charges in a particular locality and size of the apartment. Most of the times, to earn high profits the real estate agents may misguide you. Doing your own survey by checking on some reliable property sites can help you to get some actual idea about the current market rates.

Visit the Actual Location

While consulting a property dealer to help you find out a house for rent, make sure you personally visit the apartment and not rely on a sample flat or model. It allows you to take an actual look of the cabinets, closets and room size to ensure if the space is sufficient to accommodate your stuff.

Read the Rent Agreement

Once everything else like location, connectivity, amenities and budget is confirmed, do not rush to sign the rent agreement and check it thoroughly before signing it. Make sure to ask your landlord to put in writing what is covered in your rent and what is not. Clearly mention the security deposit amount, monthly rent, electricity charges, notice period, and other things. Take a copy of the agreement and keep it safe for future reference. Confirm for any hidden charges apart from the rent amount. Remember, the agreement should be signed by both the parties.

Decide the mode of Payment

It is another important thing that needs to be confirmed in advanced to avoid any future dispute. Discuss with the house owner about the mode of paying the rent amount. Cash, cheque and internet transfer are some of the common options. Keep a record of the amount transferred in a form of statement with you for future reference.

Apart from the above mentioned points, there are a few other things that if considered helps to find out a perfect house. Check if the surrounding is clean and green. If you own a vehicle, look for the availability of a parking space. Also, before moving to the house, report about any damage in the property to the owner. This will help you to get it repaired or not paying additional charges at the time when you vacate the house.

Whatever factors you consider for taking a rented house, it should be your own decision. Do not get influenced by what your property agent tells you. Make your own survey and find the best deal as you know better what you want!

Author Bio: Swati Srivastava is a writer by profession who has been lending her expertise to real estate, jobs, lifestyle and education related websites. This article is a contribution to 99acres.com to offer useful information about rental homes in India.

 


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