Reasons That Make Kalyan an Ideal Destination for Your Home

The financial, commercial, and entertainment capital of India, Mumbai is a dream destination for most people to set up a residence in. While most of the areas are occupied, there are still a few neighborhoods that still have many good options left for residential property investment.

When a homebuyer thinks of having a home in and around Mumbai, they usually look for a place that has property options is in their budget, has good infrastructure with proper electricity and water supply provisions, and is well-connected with the rest of the city. One such place is Kalyan. Falling under planned Greater Mumbai, the government of Maharashtra has gauged the potential of Kalyan and thus it is invested to groom it as the next big neighborhood near Mumbai and Pune.

The post mentions the top 3 reasons that make Kalyan a favorable destination to buy a house.

Wide Choice of Properties

Although the city of Mumbai is a bit expensive to buy a residential property in, the area of Kalyan is quite affordable and at the same time, it has a plethora of choices for properties. Property buyers have options to buy affordable as well as luxurious flats in Kalyan. A part of the Mumbai Metropolitan Region, Kalyan in the Thane district is one destination that caters to the requirements of homebuyers of all segments. Speaking of an average earning middle-class person, they can easily find affordable flats in Kalyan.

Socioeconomic Infrastructure

Over the past few years, the neighborhood of Kalyan has undergone great industrial and infrastructural development. This has attracted several reputed real estate companies to come up with their residential projects with 2 and 3 BHK in Kalyan to turn the place into a perfect destination for home buyers. Overall, the place has great socioeconomic infrastructure that you may need to lead a comfortable life.

Exceptional Connectivity

With Kalyan Dombivali Municipal Transport (KDMT) busses running in the city, the transport system in Kalyan is robust. Besides busses, auto-rickshaws are readily available to hire. Apart from it, the railway station of Kalyan Junction runs trains to different locations across the country.

The neighbourhood of Kalyan has everything that homebuyers may need to live a convenient life. You can research online to find the available 3 and 2 BHK options in Kalyan.

Top Areas in Pune to Buy 2 BHK House

The second-largest city of Maharashtra, Pune is one of the desirable locations to settle down. It has pleasant weather (all year round), beautiful landscapes, and great socioeconomic infrastructure. Plus, the city enjoys great connectivity to its neighbor cities and the rest of the country via road, rail, and air. Although the population of the city is increasing with each passing year, it is quite peaceful than many other cities in Maharashtra and India.

The post mentions some of the top areas in Pune to buy a 2 BHK house. Let’s take a glance at them.

Keshav Nagar

Settled in the east of Pune, Keshav Nagar is an excellent locality that enjoys great connectivity to prominent destinations including IT parks, Koregaon Park, and more. Besides, the area is exceptionally tidy and enjoy proximity to all essential socioeconomic infrastructure like malls, education centres, hospitals, and so on. Most of the things you may need are either at walking distance or a few minutes of a drive at max.  

Hinjawadi

Also known as Hinjewadi, this area is one of the ideal locations to invest in a 2 BHK in Pune. The famous Rajiv Gandhi Infotech Park is the key attraction of Hinjawadi. Besides, the place is well-connected to the rest of the city and the proposed metro line between Hinjawadi and Shivaji Nagar will further boost the connectivity. With all the essential facilities in the close vicinity and CCTVs installed at every nook and corner, the area is ideal and safe to settle down.

Undri

One of the neighbourhoods in Pune that has witnessed tremendous growth and development over the past years is Undri. Despite massive infrastructural development, the place still retains its natural beauty with ample greenery and pleasant ambience. This area has many state-of-the-art properties by reputed real estate developers and enjoys great connectivity and proximity to several important facilities.

So, these are just three of the many areas in Pune to invest in a 2 BHK house.

4 Key Benefits for Women Home Buyers in India

Days are gone when women were given the least priority. Times sure have changed and women are now given opportunities in almost all sectors. This has increased employment opportunities for women and also increased their purchasing capacity. Women have shown that they can ace and shine at all fronts, be it fulfilling household or professional responsibilities. 

To appreciate and empower women, the Indian government has put in place several measures to increase property ownership among women home buyers. The post mentions 4 key benefits for women home buyers in India.

1.   Lower Home Loan Interest Rates

Home buyers in India rely on housing finance to accomplish their dream of buying a house of their own. Several banks in India offer housing loans for women at lower interest rates, which helps in making home ownership more profitable for women. Not only does it reduce the interest rate per annum but also the EMIs.

2.   Tax Benefits

In case a married couple wants to own a house jointly, it will allow both the husband and the wife to enjoy tax benefits on their individual incomes, under Section 80C, Section 24, and Section 80EE. Under Section 80C, the maximum deduction for principal repayment is Rs 1.5 lakh. Section 24 allows Rs 2 lakh as a maximum deduction for interest paid in a financial year. Plus, first-time home buyers can get an additional interest tax benefit of Rs 50, 000.

3.   PMAY Benefits

Speaking of the government scheme for women buyers, PMAY or Pradhan Mantri Awas Yojna is one scheme that offers great benefits to women home buyers. As per PMAY, it is compulsory that the property bought must be registered in the name of at least one woman in the family. Plus, women getting a home loan under the scheme also enjoy concessions on interest.

4.   Lower Stamp Duty

Most Indian states charge lower stamp duty if the property is to be registered in the name of a woman. Women home buyers can check out the stamp duty applicable in their state to avail of this benefit.

So, these are the benefits that women home buyers can enjoy on the purchase of a property.

What Makes Real Estate Investment a Good Option

Over the past decade or so, the real estate sector of India has seen drastic growth. Speaking of the two major reasons that have contributed to this growth, they include the liberalization of the economy and the rise of nuclear and middle-class families. The ambition of leading a comfortable life in one’s own space and high disposable income has caused a surge in the demand for residential properties.

So, it doesn’t matter whether you want to invest in a house for living in or earning a passive income from it, the satisfaction of having a place that you can call your own is integrally very strong. The post mentions things that make real estate investment a good option.

Real Estate Investment is the Safest Investment

It is the outcome of the increased disposable income that saving rates in Indian households have increased considerably. People looking for a safe venue to park their hard-earned can consider the option of home investment. Being the second-largest employer after agriculture, real estate is deemed as one of the safest investment options among investors.

Real Estate Investment Carries Low Risk than Stocks

Unlike stocks, real estate carries a low risk. Trading or investing in stocks is a risky game, especially for those who are not well-versed with the stock market and its functioning. Plus, it requires you to not only put your money but also time and energy as well if you want to make good money out of it.

Real Estate Investment Doesn’t Require You to be an Expert

To be able to invest in a house, you don’t require any special skills as with little understanding of things, even first-timers can do it. So, even if you are not an expert, you can invest in real estate. 

Real Estate Investment Assures of Regular Rental Income

Besides being a wiser option, home investment can not only fetch you a decent return but also provide you with an assurance of having shelter over your head and even for the generations to come.  

Now that you know about the things that make real estate investment a wise choice, find a reputed builder for your investment.

5 Noteworthy Reasons to Invest in Real Estate in Bangalore

Bangalore is one of the preferred real estate hubs in India. For its diversified culture, renowned national and international IT companies, reputed educational institutions, and pleasant climate throughout the year, Bangalore is indeed a dream destination to have a home in.

The post mentions 5 reasons to invest in real estate in Bangalore.

1.   Outstanding Connectivity

The city of Bangalore is well-connected to the entire country through the robust network of roads, rail, and air. Besides, with several residential projects being in proximity to the international airport, you can fly to almost anywhere in the world.

2.   Quick Sanctioning of Home Loans

There is no dearth of home buying options in Bangalore. People can easily find a suitable property in their budget. And since a majority of Indians rely on home loans to buy a house, arranging for funds in Bangalore would be hassle-free. This is because of the presence of many reputed banks and housing finance companies having tie-ups with reputed real estate developers.

3.   A Plethora of Employment Opportunities

One of the major reasons to check out investment options in Bangalore is that the city has a plethora of employment opportunities to offer. It is a hub for techies seeking exciting career opportunities in top IT companies. Besides the IT sector, the city has ample job opportunities for people with different qualifications and expertise.

4.   Quality Education

Bangalore is home to India’s top educational institutions. So, other than employment opportunities, the city promises quality primary and higher education for your kids. Besides, it has many repute institutes dedicated to working professionals who wish to improve their skills to advance their careers.  

5.   Great Social Infrastructure

The city of Bangalore has got all the essential social infrastructure. Right from highly advanced hospitals to entertainment hubs and shopping malls to local markets, it ensures homeowners have access to everything they need to lead a convenient life.

When you check out homebuying options in Bangalore, make sure you take into consideration the reputation of the real estate developer.

Here’s How to Save up for Home Down Payment

It doesn’t matter how good or well-suited your rental flat is, it’s still a rental roof, something you can’t call your own. And with increasing rental rates, it is wise to live in your own house. Not only will it be your own space but also an investment for your generations to come.

A majority of people in India rely on home financing to fulfil their dream of buying a house. Since buying a property requires people to have some upfront cost for the down payment, you need to start saving for a home down payment now if you haven’t saved up anything already. However, saving for a down payment is a big challenge, especially for salaried individuals as their income and expenses are fixed. No need to worry though as you can follow the below-mentioned tips to understand how to save for a home down payment.

Develop a Habit for Savings

To turn your dream into reality, you need to develop a habit of savings. Following the 50-30-20 rule is a good place to start with if you want to accumulate saving for a home down payment. If you apply this rule strictly, it can do wonders for you. The rule is pretty simple to understand. Split your monthly income into 3 parts – 50 per cent to fulfil the needs that are absolutely necessary for you and your family, 30 per cent for wants and desires, and the remaining 20 per cent for savings and investments. 

Liquidate Assets

In case you already have some of your money parked in mutual funds, stocks, or fixed deposits, you can consider redeeming them to overcome your liquidity shortages.

Avail of a Loan Against Your Insurance Policies

You might not be aware but you can avail of a loan against your insurance policies. For the same, you can enquire from your insurance provider to ask if you qualify for a secured loan against your policies.

Take Help of Family and Friends

Do not hesitate to take the help of family and friends. Not only is it convenient but also saves you from the burden of paying interest.

So, these are some of the ways to accumulate saving for the down payment of your new home’s purchase.

3 Simple Tips to Follow When Buying Your New Home

Having a place that you can call your own is a matter of pride. It is, in fact, a long-cherished dream for most Indians just like you. People save their hard-earned money for years and also apply for a loan to buy a home so that they have a place of their own.

Since buying a new home is one of the biggest investments in anyone’s life, it is important to be careful every step of the way. You may need to ponder on various aspects to be able to make a well-informed decision. The post mentions 3 simple tips that you can follow to make the process easier for you. Let’s take a glance at them:

1.   Have a Clear Budget

The idea of having a clear budget is to ensure that you are able to meet your monthly expenses without getting yourself into any financial burden. As buying a home is a long-term commitment where you will be paying a decent part of your income towards its EMI, you have to make sure your new home is well within your budget. For that, you need to have a clear budget and search the property within that bracket only. When you define your budget, take into account your finances and needs.  

2.   Pay Heed to the Location

When it comes to buying a new home, one thing that matters the most is its location. And it becomes all the more important if you have plans to buy a house in a big city where daily commuting can be exhausting due to heavy traffic. Other than the commuting aspect, check out if the locality is safe and well-connected to the important facilities like schools, hospitals, shopping malls, and markets.

3.   Consider Amenities

Think of amenities that are important to you. Nowadays, things like swimming pools, gyms, clubs, spas, and play areas for children have become a standard in several properties to invest in. Decide what else you may need and then check if the apartments that you have shortlisted meets your requirements.

Other than the aforementioned things, make sure you choose a reliable real estate developer so that you can rest assured of the construction quality and the overall deal.