Tips for Beginning Gardeners

Gardening is rewarding in many ways – It provides you your daily dose of fresh air, a large and scenic exercise-yard, calming sights and invigorating fragrances of rejuvenating greenery, bountiful place to relax and much more. Consequently, to produce such a heavenly place in and around your home, you have to put in a large amount of effort. This is why creating and especially maintaining a garden is a tough job. But this shouldn’t scare you from starting out in gardening as the below tips are there to offer every beginning gardener a helping hand:

Tips for Beginning Gardeners

Tips for Beginning Gardeners

  • Know the Land– Get to know the land where you plan to start gardening and then find out which areas in your garden get round-the-clock sunlight. Subsequently, conduct a soil test to measure the pH & nutrient level of the soil. Moreover, if you want to grow edible plantations in the garden, consult an expert as it requires additional testing. Also, choose the right garden structure for a healthy and hearty garden.

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Will a Ring Road be able to help Pune Realty Market

Pune, the second most populous city in Maharashtra is also among the fastest growing cities in the Asia – Pacific region. Known for its manufacturing, information technology and automobile industries and its educational and vocational institutes, Pune is top-ranked amongst the Indian cities with high quality of life. A paramount business centre and a residential investment hub, growing at break-neck speed, Pune surely needs areorganization of its infrastructure so that its growth is uniform rather than random.

Will a Ring Road be able to help Pune Realty Market

Will a Ring Road be able to help Pune Realty Market

A typical solution to equally distribute movement and development in a big city like Pune is to cultivate a Ring Road in the outskirts of the city. A 120+ kilometre long Ring Road was proposed in 2007 in Pune which was aimed to be a rapid-transport corridor around Pune and Pimpri Chinchwad with residential and commercial stretches along the way. A collective brainchild of Pune Municipal Corporation and Pimpri Chinchwad Municipal Corporation, Pune’s Ring Road’s intended purpose was to keep the heavy traffic, from the three National Highways (NH-4, 9, 50) converging in Pune, outside city limits. [Read more…]

How to Save More with a Joint Home Loan in 2017

Home loans help you own the home of your dreams. Additionally, the government lets the borrower claim tax subsidy on both the principal and interest amounts paid. Moreover, you can save extra if you opt for a joint home loan (with two or more borrowers). In the budget for the financial year 2017 – 2018, maximum interest exemption for tax benefit on home loans has been capped at Rupees 2 lakhs including that on the rented property. This basically means that each co-borrower in a joint home loan is eligible for a tax deduction of Rupees 2 lakh for the home loan interest paid by each of them. There are tax subsidies on principal repayments of the home loans too.

How to Save More with a Joint Home Loan in 2017

How to Save More with a Joint Home Loan in 2017

Additionally, with schemes like the Prime Minister Awas Yojna (PMAY), the central government is offering 3-4% interest subsidies on home loans from Rupees 9 lakh to Rupees 12 lakh to first-time borrowers. Moreover, since MCLR-linked loans have been launched, most of the banks are arranging to pass on any subsidies by the RBI to the customers. SBI, Axis, ICICI and HDFC banks along with Indiabulls Housing Finance have lowered their home loan interest rates. Thus, it can be said that 2017 is a high-time to take a home loan especially since many government benefits on loans may end by the end of the calendar year. Read on to know how to save more with a joint home loan: [Read more…]

How to Utilize your Kitchen Cabinets

There will never be enough space for the new stuff you keep on buying. You will just have to learn to efficiently utilize the space you have. This holds true for the entire home, especially for your kitchen. The harbingers of storage space in the kitchen are its cabinets. If you smartly exploit their space, you won’t have to throw out things unnecessarily or store them in odd places in the kitchen. Read on to know how to intelligently use your kitchen cabinets:

How to Utilize your Kitchen Cabinets

How to Utilize your Kitchen Cabinets

  • Hang Overhead: A solemn issue with the in-fashion modular kitchens is their lack of surrounding walls as a modular kitchen design is built around the concept of openness. Such a design strikes out the walls of the kitchen to gain space. This in turn results in little space for placing the kitchen’s upper cabinets on. However, an easy fix to this issue is hanging open shelves from the ceiling above the kitchen counter. This lets you store minimally used things in the overhead cabinets and if you build them without doors, it keeps the stored stuff easy to see and easy to access.

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Impact of GST on Real Estate Sector

Goods and Services Tax (GST) implementation hailed as being the biggest tax reform in the country’s history after independence is expected to bring about a remarkable change in India’s economy. Set to be implemented on July 1st 2017, under the GST regime if a buyer has to purchase an under-construction home, he/she will have to shell out 12% in taxes. This is positive news for the realty sector since taxation in this industry has been multiple and uneven until now.

Impact of GST on Real Estate Sector

Impact of GST on Real Estate Sector

The Real Estate sector currently contributes an average of 5-6% in the country’s GDP and with schemes such as ‘Housing For All’ promotes over 250 ancillary industries. Moreover, the sector has constantly seen rise in private equity investments, launches and sales in the last few years. As of now, the sale of lands and buildings are out of GST influence but they are estimated to be taxed within the next year. To discuss in detail, GST is expected to bring along the following changes in the Indian real estate sector: [Read more…]

How Cheaper Home Loans are Changing the Housing Sector

Government is taking huge steps to reform real estate with an aim to provide Housing For All by the year 2022. One the most significant measure taken by the government in this regard is their push for Affordable Housing. Affordable Housing intends to target the Middle Income Group (MIG), Lower Income Group (LIG) and Economically Weaker Section (EWS) demographic of the country, i.e. the strata which doesn’t own a home, earns in cash, lacks a fixed income and/or doesn’t have the required documents to secure a home loan.

How Cheaper Home Loans are changing the Housing sector

How Cheaper Home Loans are changing the Housing sector

To let these homebuyers get an access to India’s housing inventory, companies such as Investors Clinic came up with the swabhimaan scheme to assist homebuyers, who are financially capable of owning a house but due to lack of proper documents their loan applications gets rejected, to secure a loan; while the centre government brought in the Pradhan Mantri Awas Yojna and facilitated public banks to reduce their home loan interest rates. [Read more…]

How Government Plans to fulfill Housing For All Mission By 2022

‘Housing For All By 2022’ mission initiated by the Indian government in 2015 plans to fulfil a long- standing objective of our developing economy by the year 2022 when we complete 75 years of our independence, to provide access to a pucca house to all citizens. ‘Housing For All’ which is also facilitated by the Pradhan Mantri Awas Yojna (PMAY) has four major goals to achieve:

  • Slum rehabilitation of slum-dwellers with involvement of private developers

  • Affordable Housing for weaker section through credit linked subsidy scheme (CLSS)

  • Affordable Housing in partnership with Public and Private Sector

  • Subsidy for beneficiary-led individual house construction or enhancement

Through a federal grant of Rs. 1 lakh per house for Economically Weaker Sections and interest subsidy of 6.5 % on housing loans of10 year tenure under CLSS, the government plans to put the housing market throughout India on a fast-track mode. The Scheme is planned to be implemented in three phases, from April 2015 – March 2017, April 2017 – March 2019 and from April 2019 – March 2022.

How Government plans to fulfill Housing For All mission by 2022

How Government plans to fulfill Housing For All mission by 2022

Through steps such as integration of Aadhar Number and Jandhan Yojna bank account and usage of modern and eco-friendly technologies in construction, the government plans to turn the housing industry into a comprehensive well-oiled machine. Moreover, the current scheme decentralizes the power of the federal government and passes the onus onto the state governments to decide what change is needed in the central scheme’s version and its corresponding incentives to suit their terrain while also pushing them all to achieve the intended end result of constructing both urban and rural houses in the tune of crores within a 7 year period. There have been many steps initiated by the government and developers alike to achieve this mountainous task, many of which are listed below- [Read more…]

Privacy is a Trending Topic in Mumbai Real Estate

Mumbai is an island city with scarcity of space however its strategic seashore location and tropical wet and dry climate have catapulted it to the financial and commercial capital of India. It is also the most populous and has the highest Gross Domestic Product amongst all the cities of the country. This brings us to the topic of housing since being one of the most populous urban regions in the world demands construction of high-rising, compact and affordable homes in Mumbai.

Privacy is a Trending Topic in Mumbai Real Estate

Privacy is a Trending Topic in Mumbai Real Estate

Past Indian homes used to house joint families living over a considerable amount of land even in a city like Mumbai. However in the present, owing to the growing population settling in a concentrated area, Mumbai’s real estate developers began building space-smart homes which used the land optimally. Although, this condensed residential architecture has resulted in another issue for Mumbai’s families. Even when the families were forced to sacrifice their living space they refused to give-up on the age-old tradition of joint living in Mumbai. Consequently, the privacy of an individual or a couple began getting compromised with, howsoever involuntarily, by other family members in the home. [Read more…]

Factors that Make Commercial Real Estate a Safe Investment Bet

Real estate has been making tremendous progress as an industry with the introduction of reforms such as Real Estate (Regulation and Development) Act (RERA), Goods and Service Tax (GST) and Real Estate Investment Trust (REITs) in India.

Factors that Make Commercial Real Estate a Safe Investment Bet

Factors that Make Commercial Real Estate a Safe Investment Bet

It has been earlier observed that most first-time or one-time real estate investors are more inclined to invest in residential properties rather than in commercial ones due to reasons such as higher initial investment and greater risk factor. However, the scales are now shifting and the demand for commercial space is on the rise due to the below factors: [Read more…]

Should You Invest in a Studio Apartment?

Studio apartments, an apartment kind which is smaller in size and usually furnished, are a rapidly growing segment of housing developments in Tier 1 Indian metro and satellite cities. Majorly called a One-Room Kitchen or a Bachelor Apartment, studio apartments suit both young professionals and business travellers. Thus, they are a lucrative investment opportunity since the target clientele is willing to pay for a ready-to- move-in flat which may be less on space but is bestowed with facilities.

Should you invest in a studio apartment?

Should you invest in a studio apartment?

Investing in studios is a fruitful venture as a major portion of the demographic today is increasingly demanding modern, chic and manageable homes and these apartments have been crafted in such a way by the developers that they fulfil exactly these requirements. A studio apartment bought for investment purposes may yield the following benefits: [Read more…]