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Real estate has always been perceived as a male dominated sector. But today’s women are moving at par with men and earning equally well, thus leading to a change in this traditional mindset. They are actively participating in home buying decisions. It has been estimated that 30% of the buyers are women in urban India. Interestingly, women home buyers can enjoy a host of benefits if they plan to invest in Indian real estate.

Tax Benefits

The maximum tax deduction allowed in the principal and interest repayments is Rs 1.5 lakh and Rs. 2 lakh, respectively. Women borrowers applying for a home loan along with their husbands can receive tax deduction in an equal proportion. In case the property is self-occupied by the woman, additional deduction on the interest of up to Rs. 2 lakh can be claimed by her every financial year. If a husband and a wife are the joint owners, and if the wife has a separate source of income, then they can both claim tax deductions individually.

Home Loan Interest Rates

A comparative analysis of bank lending rates suggests that women usually get lower rates while applying for a mortgage. In comparison, men are offered 0.05% higher rate. This is however subject to change as per the monetary policies and market fluctuations.

An important note to consider is that the lending banks or HFCs offer discounted rates only if the woman is the solo or first co-applicant.

Reduction in Stamp Duty

A difference of a few percentages in stamp duty can make a huge difference in your home ownership cost. The lenders finance a home loan at about 80%-90% of the property cost. As far as stamp duty goes, it differs from one state to another. A concession of 1%-2% is generally applicable to women home buyers even if it gifted to them, as long as the property is in the lady’s name.

A checklist before buying property

  • Plan your finances

 The first thing to consider while taking a home loan is affordability. Ideally, your home loan EMI should not exceed more than 35%-40% of your net salary.

  • Scrutinize the lender

For the first level of research, go online and compare all the loan products that suit your needs. Once you have shortlisted that, visit the bank branch to understand the features of the loan product you’re interested in.

  • Choose a credible builder

Once again, your first level of research should be done online as that will give you a fair idea of what to expect. Then contact real home owners and check out the pros and cons of the property you are interested in.

  • Invest in developing pockets

 In the recent past, growth of the real estate market in both Bangalore and Chennai has been exponential. This is largely because they are among the most prominent cities in South India in terms of generating new businesses.

The IT revolution has led to the development of a lot of residential projects in Bengaluru. Women come here from different parts of the country to work and settle down, as it is a safe city with better connectivity and infrastructure.

With improved public transport, better law enforcement and the recent addition of the Metro Rail, more women are buying flats in Chennai due to its enhanced quality of living.

With growing financial independence, friendly financial and taxation initiatives from governments and lenders, and a strong desire to own their own home, it’s hardly any surprise that more women are becoming first-time homebuyers.

The post A handy guide for all women home buyers in India appeared first on Real Estate Blog India | House of Hiranandani.

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As we approach the end of yet another fiscal year, it is time we look back and analyse how much the realty sector has progressed over the past action-packed months. Apart from the implementation of the RERA bill, and the multitude of positive reforms it has introduced, the recent Union Budget announcement have further created a huge impact on the real estate industry. However, the eternal question running in the minds of potential homeowners still remains unanswered – Is buying a property better than renting one out? Let’s find out!

Pros of renting a home

Buying a home is not always the only choice for home seekers. While owning is an important step for many, renting one out can be a stop-gap solution.  Keeping the peaking property prices in mind, young working professionals prefer opting for rented properties in sought-after locations to remain debt-free. Not only is this approach cost-effective, but it also comes with the added bonus of living in the heart of the city where buying a house might not seem to be a feasible option.

Key factors to consider while renting

Whether you are shifting to a new city for work or planning to start a new family, renting a house is an inevitable scenario for most Indian families. This is exactly why it is important to consider the key factors that influence your decision of opting for a rented accommodation. One of the basic factors is the rental agreement. Make sure you go through it thoroughly and make a note of the three vital aspects – the tenure, consistency of payment and additional costs. Also, make sure you are transparent about the security deposit clauses, amongst other factors.

Checklist of key property documents

Apart from the rental agreement, there are many other essential documents to consider before signing the deal.

  • Title documents
  • Share certi­ficates
  • Electricity bills
  • No-objection certi­ficate
Pros of buying a property

There is no doubt that buying a house is a milestone in any Indian household. It is the physical embodiment of a multitude of emotions. Apart from providing you with unmatched security, buying a house is a long-term investment that appreciates over the years. Additionally, by opting for a home loan, you can benefit from a plethora of tax saving options and buy time to pay off your mortgage. Furthermore, the investment gives you a chance to earn a second income in the form of rent.

Key factors to consider while buying

Since buying a home is one of the biggest financial investments, there are a plethora of factors to consider before signing the deal. Start with the basics by opting for a reputed builder and performing a thorough search on the location, connectivity and social infrastructure. These aspects influence the rental and resale value of the development, which are key factors to consider while investing in a property. Additionally, as a thumb rule, make sure the total principal amount does not exceed 50% of your total assets, and the EMI does not cross 30% of your monthly income.

Where to buy a property

Bangalore – Aptly named the Silicon Valley of India, the cosmopolitan city of Bangalore is one of the top destinations for real estate investment. The urban lifestyle it provides, coupled with solid factors like unbeatable infrastructure and seamless connectivity, make it the most sought-after city for both first time home buyers and experienced investors.

Chennai – Chennai has always checked all the boxes when it comes to real estate investment. Apart from the main hubs of the city, the suburban regions of ECR and OMR are leaving no stone unturned in attracting potential homeowners like a moth to a flame.

To sum it up, the answer to the universal question of renting vs buying is a culmination of many factors from the financial situation to personal family preferences. At House of Hiranandani, we truly believe in the fact that the buyer is king and run the extra mile to provide them with the kingdom they deserve.

You can read through the complete newsletter here, for detailed insights.

The post Rent or Buy – The Eternal Challenge appeared first on Real Estate Blog India | House of Hiranandani.

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Feng Shui is the art of living in harmony with the five basic elements of the world – Earth, Fire, Water, Wood and Metal. This traditional Chinese methodology has become a huge trend worldwide. Sprucing up your living space with the basic essentials of Feng Shui can enhance the energy flow in your house and make it a magnet for wealth and prosperity. Let’s take a look at few simple Feng Shui tips you can incorporate into your home.

De-clutter your residence

Start by getting rid of clutter and unwanted furniture in your home. Scan your surroundings and make a list of anything that you do not use and throw it out. This way you can space out your furniture which, in turn, gives out a lot of positive energy and harmonizes your space. This is one of the most fundamental steps of Feng Shui.

Bring in natural light

Light is one of the basic elements of Feng Shui. Make sure you bring in as much natural light as possible by opting for lighter curtains and keeping your windows and doors open, especially in the early hours of the day. It is also important to bring in a lot of fresh air to energise your home and improve the energy flow through cross ventilation.

Spruce up your interiors

It is a good idea to use a lot of earth elements in your interiors to harmonize the energy in your home. Opt for indoor plants with vibrant pots and pretty flowers for an instant boost of energy. Furthermore, you can also enhance your space with gorgeous crystals which are a powerhouse of good Feng Shui. As a thumb rule, use more elements of purple and gold as these colours promote wealth and happiness. You can also check out our blog on décor tips to customize your master bedroom, for more ideas.

Use more mirrors

Mirrors have a multitude of uses apart from the added bonus of enhancing the look and feel of your house. They are one of the top home décor trends to look forward to in 2018. Additionally, they help in making the space look wider and more vibrant and are available in a plethora of quirky frames that add to the beauty of your home. Mirrors are great for Feng Shui as they reflect the natural light that comes in which helps in brightening the place up.

Get squeaks fixed

Many of us get accustomed to squeaky doors that we do not even notice the squeak after some time. However, the noise tends to create a bad impact on your mood which, in turn, leads to negativity and impairs productivity. This is especially true if your main door creaks every time anybody enters your home. Oil your hinges on a regular basis to create a more positive environment at your place.

These tips are guaranteed to increase the positive vibes in your house and keep negative energy at bay. If you are planning to buy a new house, head out to House of Hiranandani for well-designed spaces in Hyderabad, Bangalore and Chennai, with maximum utilisation of natural light and cross-ventilation.

The post Simple Feng Shui tips for your new home appeared first on Real Estate Blog India | House of Hiranandani.

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As we approach the end of yet another fiscal year, it is time we look back and analyse how much the realty sector has progressed over the past action-packed months. Apart from the implementation of the RERA bill, and the multitude of positive reforms it has introduced, the recent Union Budget announcement have further created a huge impact on the real estate industry. However, the eternal question running in the minds of potential homeowners still remains unanswered – Is buying a property better than renting one out? Let’s find out!

Pros of renting a home

Buying a home is not always the only choice for home seekers. While owning is an important step for many, renting one out can be a stop-gap solution.  Keeping the peaking property prices in mind, young working professionals prefer opting for rented properties in sought-after locations to remain debt-free. Not only is this approach cost-effective, but it also comes with the added bonus of living in the heart of the city where buying a house might not seem to be a feasible option.

Key factors to consider while renting

Whether you are shifting to a new city for work or planning to start a new family, renting a house is an inevitable scenario for most Indian families. This is exactly why it is important to consider the key factors that influence your decision of opting for a rented accommodation. One of the basic factors is the rental agreement. Make sure you go through it thoroughly and make a note of the three vital aspects – the tenure, consistency of payment and additional costs. Also, make sure you are transparent about the security deposit clauses, amongst other factors.

Checklist of key property documents

Apart from the rental agreement, there are many other essential documents to consider before signing the deal.

  • Title documents
  • Share certi­ficates
  • Electricity bills
  • No-objection certi­ficate
Pros of buying a property

There is no doubt that buying a house is a milestone in any Indian household. It is the physical embodiment of a multitude of emotions. Apart from providing you with unmatched security, buying a house is a long-term investment that appreciates over the years. Additionally, by opting for a home loan, you can benefit from a plethora of tax saving options and buy time to pay off your mortgage. Furthermore, the investment gives you a chance to earn a second income in the form of rent.

Key factors to consider while buying

Since buying a home is one of the biggest financial investments, there are a plethora of factors to consider before signing the deal. Start with the basics by opting for a reputed builder and performing a thorough search on the location, connectivity and social infrastructure. These aspects influence the rental and resale value of the development, which are key factors to consider while investing in a property. Additionally, as a thumb rule, make sure the total principal amount does not exceed 50% of your total assets, and the EMI does not cross 30% of your monthly income.

Where to buy a property

Bangalore – Aptly named the Silicon Valley of India, the cosmopolitan city of Bangalore is one of the top destinations for real estate investment. The urban lifestyle it provides, coupled with solid factors like unbeatable infrastructure and seamless connectivity, make it the most sought-after city for both first time home buyers and experienced investors.

Chennai – Chennai has always checked all the boxes when it comes to real estate investment. Apart from the main hubs of the city, the suburban regions of ECR and OMR are leaving no stone unturned in attracting potential homeowners like a moth to a flame.

To sum it up, the answer to the universal question of renting vs buying is a culmination of many factors from the financial situation to personal family preferences. At House of Hiranandani, we truly believe in the fact that the buyer is king and run the extra mile to provide them with the kingdom they deserve.

You can read through the complete newsletter here, for detailed insights.

The post Rent or Buy – The Eternal Challenge appeared first on Real Estate Blog India | House of Hiranandani.

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The smart city of Chennai is slowly expanding outwards owing to its booming popularity. Its scenic 6-lane Old Mahabalipuram Road (OMR) has become a much sought-after realty destination which has in turn witnessed a steady growth in property value and appeal. So if you’re looking for a place, here’s why buying a 3 BHK or 4 BHK in Chennai – or more specifically, a 4 BHK in OMR – would be a brilliant move on your part.

Smart Investment

Although 4 BHKs in the inner city are somewhat costly, you’ll find many luxurious yet affordable 4 BHK flats in OMR Chennai. Moreover, owing to the steady capital appreciation, investing in a 3BHK in OMR promises you lucrative returns in the future.

Unmatched Amenities

The well-made 3 BHK and 4 BHK flats in OMR come enriched with an excellent range of amenities. Egattur township includes a state-of-the-art clubhouse, swimming pool, football ground, various indoor & outdoor sports courts, spa & salon, restaurant, banquet hall, and so much more! Furthermore, since reputed schools such as Loko Poko and HUS are located nearby, parents can rest easy knowing their children are learning in a safe environment and at a close distance.

More space

Due to the extra space it provides, a 4 BHK is ideal for large or growing families. Even if you don’t have a big family, getting a 3 BHK or a 4 BHK will present you with the luxury of spacious living and ensure your preparedness for the future.

Tranquillity

Since OMR is not as densely populated, it’s relatively devoid of the heavy traffic and pollution that are a hallmark of crowded urban cities. Potential home-owners seeking fresh air, relaxing ambiance, and glorious views need not look far. The OMR stretch is dotted with greenery and the seashore is just a stone’s throw away! With a 3 BHK in OMR, you’ll be snugly seated in the lap of luxury and nature.

Infrastructure given Government Priority

OMR – aptly nicknamed the “IT corridor” – lies in close proximity to IT parks as well as the Chennai Airport. A host of companies, hospitals, educational institutes, and eateries have sprung up in these suburbs, making it self-sufficient. Owing to the government involvement, the residential complexes are free from any water-shortage or sanitation issues, which are generally prone to cropping up in housing projects in upcoming areas.

High Demand for Rent

Increased job opportunities and excellent connectivity have made OMR a highly desirable housing location for working professionals as well as the nearby IT companies looking for employee-accommodation. Those who rent out their flats in OMR have no dearth of tenants.

So; if you’re looking for the perfect home or property to invest in, a 4 BHK in OMR, Chennai might be just the answer to fulfilling your precious realty dreams! Watch this video from the House of Hiranandani to know more about Chennai as a realty investment destination.

Amalfi OMR Chennai Sample 3 BHK Apartment Video Tour - House of Hiranandani - YouTube

The post Why Buying a 3 BHK or 4 BHK in Chennai Is a Smart Move? appeared first on Real Estate Blog India | House of Hiranandani.

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Not long ago, being the birthplace of Tipu Sultan was Devanahalli’s only claim to fame. Today, this once-sleepy village in North Bangalore is a rapidly developing suburb that is home to India’s second-largest airport. Let’s take a closer look at some of the reasons why you should invest in Devanahalli.

Appealing Housing Options

A 2 BHK in Devanahalli will cost you less than half of what 2 BHK flats in Bangalore go for in the city center. Also, if you’re looking to buy villas or cottages in Bangalore, you might not stumble upon too many options in the interiors – at least, none that are reasonably priced. Owing to greater land availability in the suburbs, nearly all luxurious-yet-affordable cottages and villas in Bangalore are to be found in Devanahalli.

Source:

https://www.makaan.com/price-trends/property-rates-for-buy-in-devanahalli-bangalore-50174
https://www.makaan.com/price-trends/property-rates-for-buy-in-mg-road-bangalore-64349
https://www.makaan.com/price-trends/property-rates-for-buy-in-koramangala-bangalore-50317

Satellite Township

Situated about 40 km from urban Bangalore, Devanahalli has emerged as a satellite township that boasts of excellent properties with modern amenities. Residential projects here come replete with a clubhouse, swimming pool, sports areas, restaurant, supermarket, and more.

Impressive Infrastructure

Devanahalli is the latest IT hub to emerge in Bangalore, the ‘Silicon Valley of India’. It’s also home to various state-of-the-art medical institutions and schools. Thanks to its well-planned infrastructure, the locality offers plenty of educational, recreational, and employment opportunities. No wonder then, there’s a growing rental demand for realty like villas, cottages, and flats in Devanahalli.

Promising Price Trends

The suburbs of Bangalore are noting capital appreciation at a steady rate, making Devanahalli a dream come true for both short and long-term investors. The incredibly high absorption of office space has made potential tenants plenty and easy to find. Upcoming infrastructural upgrades are also set to hike the real estate prices and rental demand in the near future.

Excellent Connectivity

Besides connecting Devanahalli to the world, Kempe Gowda International Airport is responsible for the locality’s improved connectivity with the rest of Bangalore – The airport’s launch led to the widening of the arterial roads, providing better road access. What more? The rail and BMTC also connect Devanahalli to the major hubs of Bangalore. The upcoming Metro-network is expected to boost the connectivity further and fuel real estate demand, appreciating property prices by 20-30%.

So, invest today to experience or rent out the best of suburban-living. Be it a stunning flat, a spacious villa, or a cozy cottage in Bangalore, Devanahalli promises not to disappoint. Watch this video from the House of Hiranandani to know more about Devanahalli as a realty investment destination.

The post Why Investing in Devanahalli is a Wise Bet appeared first on Real Estate Blog India | House of Hiranandani.

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Did you know that the average person sleeps for one-third of their life? Given how much time you spend in your master bedroom, it makes sense that this sanctuary of yours be styled in a way that offers you utmost comfort. Design the bedroom-of-your-dreams with these fundamental bedroom-furnishing ideas and tips.

 

  1. Set a theme

Decorate your master bedroom with a unifying theme, which also reflects your taste and lets your personality shine through. Incorporate a luxury home-design trend into your theme for a creative, personalized look.

 

  1. Choose hues wisely

Warm tones energize (e.g. yellow, orange, red), whereas, cool ones help you unwind (e.g. blue, green, purple). Colors can also alter area-perception – while light colors like eggshell-white evoke a sense of more space, dark colors like black or gray make a room seem compact.

  1. Modulate lighting for ambiance

It’s a good idea to have a variety of lighting options and light sources that you can use to match your need and frame of mind, but do make sure whatever you use, goes well with the overall theme. Soft-lighting and thick drapes give the master bedroom a cozy vibe, whereas, French-windows and sheer drapes enhance natural lighting. Placing a mirror in the room also augments the light. To adjust the lighting for mood, use candles, dimmers, bedside-lamps, and accent-light fixtures.

  1. Make the most of your space

This bedroom-furnishing idea calls for measuring the dimensions of the room as well as the furniture you’re planning to fit in. If the bedroom is large, spread out the furniture, rather than keeping it all in one corner. Also, put up artwork and accessories like a comfortable rug, potted plants, aromatic candles, etc. But don’t go overboard accessorizing. Remember, balance is key. If space is limited, forgo bedside-lamps and mount light sources. Also, choose bedside-tables with good storage capacity to avoid cluttering the surface. Mirrors, white furniture/walls, and a low bed with a high, light-colored headboard, can all be used to create an illusion of more space.

  1. Revamp your bedroom furniture

The bed may be the centerpiece but matching furniture pulls the whole bedroom together. If you don’t want to splurge on a new bedroom-set, hire an artisan furniture-maker to design the bedside-tables, chaise lounge, or dresser with similar finishes, curves, or height as your bed. But before you start buying or arranging furniture, save yourself the extra effort by first drawing out the potential placements on paper.

 

The post 5 Décor Tips to Customize Your Master Bedroom appeared first on Real Estate Blog India | House of Hiranandani.

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Hyderabad is among the most unique cities in the country; a city steeped in culture, tradition and architectural beauty. Along with its rich heritage, the city is also becoming one of the fastest growing technology hubs in India. Much of this progress is happening in North West Hyderabad, near one of its most burgeoning localities: Shankarpally. Home to massive IT and ITES corridors, this area is growing at an unprecedented rate, attracting investors from across the world. Here’s why you should become a part of Shankarpally’s growth story.

Easy Accessibility to Cyberabad

 Cyberabad, India’s largest planned cyber city is also one of the country’s most important technological growth zones. Multinational companies such as Amazon, Facebook and Google have set up offices here, fuelling development in the area. Shankarpally’s close proximity to Cyberabad is one of the biggest factors driving its growth. The proposed 4 lane highway along with the 100 feet road will bring Cyberabad even closer to Shankarpally, turning it into one of the most important investment destinations in Hyderabad.

 

Excellent Social Infrastructure

Shankarpally’s rapid development has led to the establishment of various educational institutions and recreational facilities around the area. Reputed schools such as Global Indian International School, ZP High School and Indus International School in Shankarpally make this a great locality for families. There are also prestigious colleges like IIT and St. George College of Education within the area. Shopping complexes, as well as the Lahari Resort offer residents of Shankarpally a perfect way to spend their free time.

High Returns on Investment

 If you aren’t considering the future growth potential of a property, then you are making a serious mistake while investing in real estate. The West Zone of Hyderabad, where Shankarpally is located, accounts for about 60% of housing units under construction. Additionally, Shankarpally has the distinction of being very close to Cyberabad, and easily accessible to other parts of the city. Both these factors combine to make investments in Shankarpally one of the most lucrative and risk-free areas for residential investments.

Unparalleled Luxury Homes

 While future growth is undoubtedly important, a home which offers you every convenience in the present is equally essential. At Shankarpally, you will have the most beautiful residential spaces to choose from. Loftline by House of Hiranandani is the most coveted property in Shankarpally, with future price appreciation poised to be 150% higher than the rest of the locality. Our residential plots also come with every modern luxury you can possibly ask for, from air-conditioned gyms to sports facilities like badminton and basketball courts. Guaranteed power and water supply also makes each day at Loftline by House of Hiranandani a joy to live in.

At House of Hiranandani, we offer you an unparalleled luxury living experience. If you are considering investing in property learn more about our exclusive residential plots available at Shankarpally by House of Hiranandani.

The post Why Shankarpally is the Best Investment Hotspot in Hyderabad? appeared first on Real Estate Blog India | House of Hiranandani.

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As NRI investment in India is reviving, now is a good time to invest in real estate and buy your dream home. However, there are a handful of things which the NRIs need to keep in mind before making a real estate investment in India. In order to help you understand those points, we are back with our knowledge series ‘Realtyism’, which helps you understand the world of real estate in a better manner.

‘Realtyism’ powered by House of Hiranandani is an initiative to educate people about the nuances of real estate. Here’s our sixth video in the series, which talks about things to keep in mind for an NRI before making a real estate investment in India.

There are certain benefits in the Foreign Exchange Management Act by the RBI, along with points to remember for each NRI who wishes to invest in Indian real estate. This video will help you understand the aspects in detail. Watch Ms Sunaina Kohli – AVP, Sales and Marketing, House of Hiranandani tell you everything you need to know before taking a plunge into the rapidly growing real estate market of India.

Video: https://youtu.be/b5_SdyJe3ec

The post A Guide for NRIs Investing in Indian Real Estate appeared first on Real Estate Blog India | House of Hiranandani.

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