Home Buying: The basics of owning your own home

property-manager-in-fort-worth-tx

Buying a house is a dream come true for many. A process that involves a lot of thought, anxiety, and careful decision making. There needs to be an understanding of the market primarily, current mortgage situation, affordability, accessibility to the property location and then you narrow down on the right house that would suit your family’s needs. Easier said than done, the course of action that goes behind buying a new house can be exhausting and cumbersome.

There is no definitive age when it comes to buying a new house. You could be newlywed, about to be a parent, or a senior citizen who had worked relentlessly to get a space of your own comfort and zen. Aimed at easing this decision making, the article throws light on some of the challenges and the factors that need to be looked upon for the above-mentioned social segments.

Marriage, a beautiful culmination of two souls. Moving into a new house for a newlywed is indeed a brainwork for the couples, starting from managing a house of their own to selecting a location closer to the near and dear ones. These decisions are however made much further into the purchase plans, here are few primary factors you should consider: –

Are you ready financially?

This is typically focused on figuring out the bare minimum credentials that a mortgage broker would require before approving the loan. To successfully meet your financial goals, it’s necessary you have a credit score of 750 or higher, have at least five to ten percentage of your purchase price as your down payment and an emergency fund for three to six months for household expenses.

Are you sure about the location?

Selecting the right location is of utmost importance. Make sure the daily commute is comfortable and not tiring. Is the area upcoming? Are there a lot of young couples around? Given that your house is going to be your home for quite a while, would it be the appropriate locality to raise your children? Also, the amenities should be such that it should help you enjoy and discover your marriage life, rather than worrying about maintenance and responsibility of mowing.

Parenting, a decision induced with various psychological factors and emotions. A responsibility that calls for a lot of nurturing, care, emotional and physical support. Knowing the present and future requirements of the family is a crucial factor that governs your decision-making process. Here are few other steps that you should also focus on:

Optimum Space

Before you finalize on your home, make sure the space is adequate for your children to play and grow. It’s also imperative that the house has a lot of open floors so that you can modify it per your evolving family needs. It’s of utmost importance to know if your house is ensconced in an educational hub.

Nice Neighbours and Appropriate Safety

It is important to have a good neighborhood and families with potential friends for your children. This gives them an opportunity to interact and learn. In addition, it’s imperative to make sure that there are no sharp corners, open stairways, and banisters with wide gaps in the house. This ensures the safety of the children.

As a retiree, you’re looking for a home surrounded by tranquility and serenity, looking forward to spend more quality time with your family. The driving factors in deciding the right house should act as a guarantee to your years of savings and a security factor to health. Here are few factors for senior citizens to consider:

Centre of Everything

Be sure of the location, amenities, ambiance and the overall living style of the community. Your house should be with-in minutes’ reach from hospitals and other emergency services.

Evolving needs

With every passing year, the requirements of the body are continuously changing. At sixty, your body is probably in a state to use a staircase but it wouldn’t be the same when you’re seventy. Ensure your house is subject to the modification that co-operates with the changing needs of your body. Also, an advanced calculation of the expenses and the working capital that would be required to meet the requirements of the daily household.

For more information on investing in Bangalore’s booming Outer Ring Road, visit us at our Experience Centre in Doddenakundi or click on www.durgapetals.in

Advertisements

A Winning Budget for the Real Estate Sector

 

Budget GrowthThe Union Budget proposed by finance minister, Mr. Arun Jaitley has provided a warmth amid the cold winter, especially for the real estate developers across the country. The budget provides infrastructure status to the real estate sector which assures that the property market will receive government incentives, tax benefits and subsidies. What more, Developers can also get bank loans at minimal rates – a massive boost to the real estate as an industry sector.

Getamber Anand, National President, CREDAI says, “Affordable housing getting infrastructure status will enable efficient supply of housing stock in the country and provide benefits associated with it.” Mr. Anand’s statement strikingly evidences the following policy benefits,

The Industry status also means that both the owner of the land and the developer can remain worry free on any risks related to lands, and ensure transparency. The Joint Development project would encourage interested land owners to offer their lands to the developers, a sign of a potential growth in the real estate sector.

Land transactions given a boost – According to JDA (Joint Development Agreement), the new tax reforms would result in making a significant impact leading to increase in the allocation of land to the property landscape. This is also highly indicative of resulting in easing and greatly improving the land transactions.

A welcoming change for the developers is that the buying window for affordable housing has been changed from built-up area to a carpet area. In metro’s, the applicable calculated limit stands at 60 sq.mtr in metros and border areas of the four metropolitan cities, whereas in the rural parts the limit applicable is 30sq.mtrs. A great news for the developers is that tax on notional profits are deferred. Tax is incurred only after one full year and upon the completion of a project with a completion certificate.

In a measure to provide tax relief to developers, the holding period has been reduced from 3 years to 2years. This move helps investors in the property market who have stocked more inventory to be relieved from tax on capital gains from 3 years to 2 years.

Check out the latest offering from Durga properties: Durga Petals.

Interesting Interest Rates

State Bank of India (SBI), the country’s largest money lender welcomed the new year by slashing the marginal cost of funds based lending (MCLR) by a whopping 0.96% for one year. MCLR is the benchmark rate to which all home loans are linked. These rates have been cheapest for the past six years; this was further welcomed by other banks slashing their MCLR rates too.

The reduction in the MCLR rates simply means that the home loans would now be available at a cheaper rate since most of the home loans are locked in at a one-year MCLR. The older loans can avail this benefit post one-year completion of their MCLR period.

This move has ignited the spark in the real estate sector, which has seen a steady rise in demand from fresh buyers. The industry witnessed massive struggle to cope up the with the unaffordable prices which were a directly proportional to the poor demand from the consumer’s end. With the slashed interest rates the market looks up.

Demand for both realty and office properties are bound to witness a steady rise as the demand is going to drive two-fold. The housing sector is expected to see more traction as the central bank has reduced the risk weight on the housing segment, which means lenders would have to keep aside a lesser capital at the time of borrowing.

The reduced interest has simplified the finance process associated with lending for borrowers, which leaves the borrowers on a high note. New borrowers will also see an increase in the eligibility with a 50-basis point drop in home loans. The reduced rates will also result in lowering of equated-monthly installments.

Overall the slashed in interest rates would garner a lot more demand in the housing sector as the interest rates transcend into an interested rate for the consumer.

For more information on investing in Bangalore’s booming Outer Ring Road, visit us at our Experience Centre in Doddenakundi or click on www.durgapetals.in

Outer Ring Road: – A true buyers’ choice

durgapetals  in marathahalli

The northern part of Bangalore once considered to be a sleepy town is now one of the upcoming hubs. The stretch of Outer Ring Road consists of IT parks, Malls, Hospitals, and Educational Institutions making it, a perfect package for those looking to invest in properties.

Location is one of the most attributing factors that rope in a lot of potential property buyers to this part of the town. With the road leading to the international airport, the stretch caters to various IT parks like Baghmane and Manyata to name a few.

The accessibility to Banaswadi and K.R puram railway station adds to the convenience factor of having a home at ORR. The northern part of town also dots a lot of scenic lake views such as Hebbal and Thannisandra lake. This not only provides the much-needed water resource but also a circulation of fresh air to these regions.

Unlike other regions in the city where the infrastructure cropped up post the IT boom, the northern part had a well-established infrastructure already in place before the construction of the international airport which led to an explosion of growth in this region. It’s further improvised by housing and commercial properties in this stretch.

The growth potential of the region is enormous, if you’re looking to make an investment in this part of the town look no further, the property value of this region is set to shoot up to 42 percent in the coming years, giving a true meaning to the return on investments.

Price advantage ought to get your attention when making an investment decision in this part of the town. On comparison with other regions of the city an investment in the north region is yet more feasible. But this could be a short-lived feature since there’s been a 10-15 percent expected appreciation in property surrounding the region.

Durga Petals is aptly situated on the Outer Ring Road IT corridor. A premium apartment spread over 5 sprawling acres consisting of 8 towers. Durga Petals is your one stop location if you’re looking to buy 3 bhk apartment in Bangalore in one of the hubs of northern Bangalore.

With over 40 amenities, the project is carefully designed to suit all your needs. The project is carefully designed to make your life more comfortable and provide you with a true sense of home. Durga Petals features amenities that give other project on the vicinity a serious competition.

Dawned with 70 percent open spaces there are various zones which cater to the needs of every citizen. Malgudi a section that takes your game play to the next level, featuring life size game boards, the experience is bound to trigger the kid in you. Nukkad houses a wide variety of arenas and courts such as badminton and basketball. Panchayat a zone specially designed for the senior citizens with a dedicated gazebo and chit-chat zone. Aangan a special recreation zone consisting of a swimming pool, rain dance floor, party arena and a barbeque area. Rangoli club house features top class amenities such as Gym and Spa, work from cubicles and few other effective amenities.

Exclusively designed with comforts that keep you close to the nature, Durga petals boasts all the aspects of a perfect home.

For more information on investing in Bangalore’s booming Outer Ring Road, visit us at our Experience Centre in Doddenakundi or click on www.durgapetals.in

 

A Perspective on modern housing trends

There are a million types of people in this world, we have rich, the poor and the ones who aspire to be rich. Now, why am I talking about the riches & poor??? Well, the reason is Housing, its a perspective about housing through my eyes. There comes a lot of reasons to have a home, one might have it for the purpose of shelter another for maintaining his standard..we have housing from huts to bungalows.The Joy of having own house is considered to be one of the best feelings I feel !, A big fat one with all beautifully constructed, such a personal achievement!

One might have his own concepts about housing, few might go for independent houses and the rest might opt for apartments/flats. It’s a long way until you get your home ready, right from the internet to the realtor and to the final settlement, one must take utmost care in choosing the right realtor to make the entire flow hassle free. There are a lot of instances where people get frauded by realtors or have their whole project badly baffled. So the first and foremost importance have to be given in choosing the right person to rely upon.

That satisfaction after completing your first home is always priceless! it’s such a proud moment to have an investment for a lifetime. Present times has taken us to the world where individual choices and attention to detail are given the top priority. We now have interior designers to tailor according to our needs, I personally feel this is such a great change which happened in the housing evolution..we then had houses being constructed according to the engineer but now we do get the option to customize everything right from the floor to the roof.

Getting an individual house nearby your workplace may not be the easiest thing one can think of, this being one of the reasons people prefer investing in apartments/flats. They are more preferred due to the convenience and safety they offer. It’s easy to own, easy on pockets and also offers a lot of other amenities. The only tough part is to find the right apartment in the right locality and the rest is completely being taken care by the builder, also a lot of financial support from the banks linked to the builder is an added advantage as well, now this makes apartments a perfect choice for the corporates as it’s an easy process and hold good value for money.

If you are reading this from Bangalore or you are planning to settle down in Bangalore, why don’t just spend a while looking at the latest offering from Durga projects?

Check out the latest offering from Durga properties: Durga Petals.
Here are the Testimonials by the buyers 

Bangalore homes are evolving with time

Dugra Petals - IT Corridor

In the midst of all hustle and bustle, we found ourselves a peaceful abode of Durga Petals. The place we proudly call our home. Earlier we were so occupied with traveling from one end of the city to the other that we never thought of purchasing a home. The moment we got to know about Durga Petals and found out that it is the cynosure of the IT corridor, we did not think twice before buying.
Earlier, our days used to be long, hectic and full of travel and traffic. It’s like we were always rushing, we had no family time at all.
Our office is in Bagmane Tech Park which is just adjacent to Durga Petals and it takes us just 10 mins to walk to our office, a healthy solution for us. We now have enough time for ourselves in the morning, to read the newspaper, grab a good breakfast and even pack a healthy lunch for the kids. The evenings are spent exploring malls and restaurants in and around Marathahalli. The apartment has a good connectivity to many Indian and International Schools and bus and train stations.
As the apartment is built on the Outer Ring Road (ORR) prominent localities like Domlur, Electronic city, Whitefield, Hennur, Sarjapur and other major IT hubs are at an arm’s reach.
Besides connectivity as a major component, Durga Petals homes are spacious, full of light, ventilation and a breath-taking panoramic view of the city from the balcony.
We are extremely happy and overwhelmed with our new home and we are sure we made the right decision.

Tips to Protect your Home this Monsoon

How to keep your home dry in the monsoon season #durgapetals #lifesmiles #monsoon #rain #home

Tips to Protect your Home this Monsoon

Its monsoon again and with the raindrops come gloomy days and dark clouds. The wet weather outside makes us crave the warmth and coziness of our homes.

That’s why it is all the more important to keep the inside of your home safe, warm and dry.

Below are a few tips that can help you keep your interiors dry and cozy:

  1. It is good practice to reduce the number of carpets in the house. Roll them up and cover them with plastics sheets to store them. This keeps them dry. They being highly absorbent can hold a lot of moisture inside, giving the house dampness.
  1. Best to have light solid colored lace drapes for this season. They let enough light through, don’t absorb much moisture and are much easier to clean.
  1. It’s not always possible to dry the clothes outside, but waiting for sunlight is a good idea. Drying clothes indoors should be avoided as that can make the house very humid. Tumble-drying them a little extra can help.
  1. Clothes should not be kept crumpled for long after drying. Ironing them as soon as possible makes it easier to remove the wrinkles and keeps the freshness as well.
  1. If you have wrought-iron furniture in the house, giving it a coat of anti-rust paint is important. Alternatively you can use non-scented oils to protect them from rusting.
  1. Similarly if you have wooden furniture, it needs extra polishing to make it last longer and looking new.
  1. Clothes absorb moisture too and hence its important to keep the cupboards dry to prevent any bacterial growth. Neem leaves or camphor can be used to absorb most of the moisture inside and keep the clothes dry.

Keeping the indoors dry is not only a matter of comfort but also a matter of safety. Too much moisture inside the house can lead to harmful bacterial presence in your home, which can cause a lot of discomfort. So enjoy the rains outside and the warmth inside your home.

For more information on warm and cozy luxury apartments, visit http://www.durgapetals.in

Why should you invest in Bangalore Real Estate ?

Bangalore has since the 90’s been touted as the IT hub of India. The city represents modern face of developed Indian economy and is also home to a large number of people who have migrated from other states to Bangalore and owing to this reason, real estate market in the city has seen a booming trend. The growing number of corporate in the city creates demand for residential real estate and makes the city as one of the best places for investments.

Let’s look at the three vital reasons which make Bangalore ideal for investment in real estate.

Growth in IT/ITES Industry creating employment opportunities: The ever growing IT/ITES sector creates job opportunities which lead to a lot of people migrating to the city. There are approximately 0.95 million people working in about 2500 IT/ITES companies in the city.The city creates over one lakh jobs annually. The working population with an average age of 28 years is educated and multi-cultural. The rising income levels, educational facilities and global exposure have raised the standard of living for this city.

Improving Infrastructure Promotes Development: The government initiative of improving infrastructures rapidly supports the real estate developments. The government of Karnataka is working towards making many corridors that support these developments. Bangalore is experiencing positive trend all over with evident development across both public and private sectors, especially in the road transport. The improvement in road network through ORR (Outer Ring Road) has changed the dynamics of the real estate market of Bangalore.

Increase in Capital Value: Mid-segment residential properties witnessed the highest appreciation in Bangalore in the past three years, says a study. In the high-end properties market, Bangalore recorded about a 40 percent average increase in capital values in the period between 2011 and beginning of 2015. In the hot property areas, Outer Ring Road tops the list.

For more information on investing in Bangalore’s booming Outer Ring Road, visit us at our Experience Centre in Doddenakundi or click on www.durgapetals.in

5 benefits of yoga in your life

Durga petals 5 benefits of yoga

The most common responses when people hear the word ‘yoga’ is ‘I always wanted to try yoga’ and ‘I could never do yoga because I can’t (insert limitation here)’.

The right response to this is always the same ‘You must always do yoga!’

It is irrelevant if you can touch your toes or not. Doing yoga has nothing to do with being flexible or strong or being able to stand still. Yoga allows every single type of person to start somewhere. Not all who practise yoga are yogis or gymnasts or dancers. Yoga enthusiasts are simple people wishing to achieve objectives such as controlling their breathing, increasing their flexibility and even finding some precious moments of peace.

Some yoga techniques are meant for seasoned yoga practitioners who push their mind and body to the limit and can be extremely taxing both physically and mentally. For example Ashtanga yoga combines strength, cardio, as well as flexibility with practises lasting 75 to 90 minutes.

Yoga has been known to bring instant joy and relief. Clear examples of people being unhappy and anxious have turned to yoga to achieve goals of satisfaction and happiness while being able to run faster, complete somersaults, hold their breath for longer than 2 minutes and being able to hold their own upper body weight using only their upper body.

Other benefits of yoga include:

  1. Drop in anxiety levels – A study in 2010 showed practising yoga three to four times a week rose levels of chemicals in the brain responsible for fighting off depression and anxiety.
  1. Less stress – An Ohio State University study showed long term yoga has benefited practitioners recovering from stressful events even quicker.
  2. More control over medical conditions caused by stress – Researchers have theorised that yoga could be effective in treating individuals with stress-related psychological and medical conditions such as anxiety and high blood pressure.
  1. Increased control of balance – Stroke, the American Heart Association’s magazine, stated yoga practised post-stroke can help improve balance and reduce fear of falling while improving the patient’s quality of life.
  1. Reduced levels of back pain – Pains in the lower back affect people of all ages. Studies show 12 weeks of yoga had an even higher effect than standard medication in patients suffering from chronic back pain.

What better encouragement for practising yoga than a dedicated space available to you at your residence. Durga Petals’ allocated area, Panchayat, is designed for yoga sessions and various workout lessons in an enclosed area within the premises. Panchayat is located along the western wall and right beside the gate to ensure yoga enthusiasts can head to work post workout.

With the benefits and location drawn out for you, what is holding you back from seeking instant physical strength and mental relaxation?

For more information on how to live a relaxed and productive life, visit us at our Experience Centre in Doddenakundi or click on www.durgapetals.in