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Tips For Smart Real Estate Investments, Apartments in Andheri West

August 1, 2019 by floraheights  

 

Owning a home is everyone’s dream, and fulfilling this dream will give you emotional as well as financial satisfaction. With the enormous economic boom in most Indian cities, the average income has increased, providing house buyers with added incentives to invest in the future. Investing in real estate Apartments in Andheri West the ideal choice for you. There are many options to invest in Property in Andheri West, Mumbai is hot spot for real estate investments. Any investment requires a thought process and strategy. Here are tips, which can help you invest smartly in real estate Apartments in Andheri West.

Calculate Your Finances:

Real estate investments are safer than other investments, but they are not risk-free. To ensure that you meet specific goals you need to calculate your finances. While it is easy to get loans from banks, calculating the interest and other factors is crucial. Calculate your expenses and profits pay off an impending debts, and only then decide to invest.

Gather Market Information:

Before you enter any transaction, learn how things work in the real estate market. Learn as much as possible from all sources – consultants, internet, brokers,local dealers, books also from the people around you. Keep yourself informed of the latest developments in real estate, and its market conditions. Be attentive to any knowledge and information regarding real estate investments that can help you understand things better.

Location Of The Property:

When it comes to real estate investments, it is a less time-consuming process if you look for properties in popular areas. The location of the property matters if you wish to get some good returns. Many real estate agents and professionals can help you find real estate properties in suitable localities. An ideal property would be such from where; commuting should be easier between house & office. Flats in Andheri West, which has easy access to local amenities like hospitals, schools, shopping malls etc. This can be your defining factor to consider while investing in real estate Property in Andheri West.

 

North Mumbai: A Growing Hub For Affordable Housing

July 26, 2019 by floraheights  

North Mumbai has seen faster development in recent years. Infrastructure has played a crucial role, in driving the growth of the real estate sector. The required push from the state government, towards infrastructure development, has resulted in making north Mumbai a hotspot for real estate activities. Enhanced connectivity to different parts of Mumbai, is one of the prime reasons that has led to increased housing demand in locations such as Kandivali, Kurla, Tilak Nagar, Virar and Dahisar in north Mumbai. According to JLL, north Mumbai has about 15 million sq ft of Grade A office space and more companies are choosing to move to this area, which will further strengthen demand in this region. Moreover, planned infrastructure developments, like the Coastal Road connecting Kandivali to Nariman Point, will also boost connectivity to Mumbai, to a great extent and ease traffic, especially on the Western Express Highway.

Improving connectivity and its impact on real estate in north Mumbai
Furthermore, infra projects to improve the connectivity between the eastern and western suburbs, such as the Mumbai Trans-Harbour Link, elevated roads, Dahisar to DN Nagar and Dahisar east to Andheri metro, Mulund-Goregaon Link Road and Colaba-Seepz connectivity, will strengthen the demand for housing in north Mumbai, owing to its location and land price.
It is a proven fact that improvement in transportation infrastructure, has a positive impact on real estate. There is immense optimism in Mumbai’s northern micro-markets that the development of the metro rail, will bring about a transformation and boost the real estate sector. Real estate developers are showing greater interest in projects near the metro routes. Owing to the space crunch in south Mumbai and unavailability of smaller ticket size apartments with sufficient space, home buyers now prefer homes towards north Mumbai.

Regions that are likely to emerge as hotspots for real estate
The proposed sea link between Versova and Virar, implementation of the Metro Line 2 and Mumbai Coastal Road, are making Kandivali an attractive destination for home buyers. It has undergone enormous transformation and development in the last two decades. Being well-connected to Mumbai and with commercial projects coming up, the area assures good returns in the long term. Additionally, Kurla has become a very suitable neighbourhood, for businesses. Considering the ease of living and growing job opportunities, there has been a growing demand for housing in the area. Also, Tilak Nagar and Chembur are witnessing immense growth in demand for housing, owing to improved connectivity to the business hubs through the Santacruz-Chembur Link Road (SCLR) and the Eastern Freeway. The demand is coming from working professionals, who are looking for residential investments.

A Home crafted to transcend the boundaries of time. Wreathe with richness, Flora Height’s 3 & 4 BHK Apartments Andheri West will create a historic legacy of its own. Welcome to a lifestyle full of flawless luxury, a home that will delight you with its elite elegance, a comfort that will fill your life with pure divinity. Come, be a part of the most iconic landmark residences of 3 bhk flat in Andheri West,Flora Heights.

Source – https://housing.com/news/north-mumbai-a-growing-hub-for-affordable-housing/

Tips For Smart Real Estate Investments

July 17, 2019 by floraheights  

 

Owning a home is everyone’s dream, and fulfilling this dream will give you financial as well as emotional satisfaction. With the broad economic boom in most Indian cities, the average income per individual has increased, providing home buyers with added incentives to invest in the future. Investing in real estate could be the ideal choice for you. There are many options to invest in Property in Andheri West, Lower Parel, Worli, Malad etc. These locations in Mumbai are hot spots for real estate investments. Any investment requires a thought process and strategy. Here are a few tips, which can help you invest smartly in real estate.

Location Of The Property – When it comes to real estate investments, it is a time-consuming process if you look for properties in popular areas. The location of the property matters if you wish to get some good returns. Many real estate agents and professionals can help you find real estate properties in suitable localities. An ideal property would be such from where; commuting should be easier between home & office. A property should have easy access to all the amenities like shopping malls, hospitals, railway station, school, police station. This can be your defining factor to consider while investing in Flats in Andheri West. Owning a house here can give you the closest access to your workplace. While investing in popular areas high price can also be problem as property rates have now increased tremendously.

Invest in Good Quality Property – The project you are investing should be attractive property and should have all amenities inside the project to make your life more easier and fun. Amenities such as swimming pool, gymnasium, playground, and accessible lobby. The area should be open and wide with proper distribution between the open area and the occupied land. An attractive project will usually attract more buyers and investors.

Value for money – Your Property should provide you the value for money. The amount invested by you should atleast be able to give you 2-3 times the value of your current project. Home loans should be available with low rate of interests and should be easily repayable by the loan taker. If you are planning to invest in New Projects in Andheri West you should to first do a thorough research about the property.

Calculate Your Finances – Real estate investments are proven as safer than other investments, but they are not risk-free. To ensure that you meet specific goals you need to calculate your finances. While it is easy to get loans from banks, calculating the interest and other factors is crucial for your present as well as your future. Calculate your expenses and profits pay off any impending debts, and only then decide to invest.

Gather Market Information – Before you enter into any transaction learn as much as possible from all sources – internet, brokers, consultants, local dealers, books also from the people around you. Keep yourself informed of the latest developments in real estate, and its market conditions. Be attentive to any knowledge and information regarding real estate investments that can help you understand things better. Also do a background check for your builder and your developer about its pas projects and its reputation in the market.

Have a Perfect Plan – Knowing market rates can help you track local trends. It is better to have an idea of what is going on in the market and then make choices for fruitful investment. Interest rates provided by banks, return policies etc.

The above list will help you to become a successful real estate investor. There are many localities in Mumbai, which are worthy, or real estate investments. House in andheri west has one of the best residential real estate properties in Mumbai.

Budget 2019: Developers Appreciate Sops For Affordable Homebuyers Though Demand For Industry Status Remains Unfulfilled

July 11, 2019 by floraheights  

In its first budget post its re-election, the central government has touched upon various aspects and tried to strike a balance. Finance Minister Nirmala Sitharaman’s budget outlay on July 5, 2019 saw the lion’s share going to infrastructure and allied development. However, the housing sector is positive too, thanks to some progressive steps being reiterated or put in action such as rental housing, sops for affordable homes, among others. Sitharaman’s insistence that growing urbanisation will be viewed as an opportunity and not as a liability, is indicated by the fact that various projects have been announced to lift the Tier II, Tier III cities, not to forget the rural areas as well.

Rental Housing Finds Mention In Union Budget 2019
Hailing it as a boost to the sector, Hiranandani explains that “Currently, high cost of houses and high property taxes, lead to a low rate of return (ROR) from rental housing, which makes renting out an un-remunerative proposition. The new Model Tenancy Act is expected to balance the rights and responsibilities of both, landlords and tenants that will make the rental market more efficient and streamlined across the country.” Nimish Gupta, MD South Asia, RICS, adds that “It is heartening to see that the FM continues to extend focus on rental housing. This can build on the agenda for ‘Housing for All’ and add impetus to the residential market by increasing the much needed housing supply.”

Continuity In Policy Is Welcome
Dinesh Jain- MD, Exotica Housing, asserts that it is a great move that no changes have been made to previous announcements such as the hike in TDS limit of rental income or LTCG or notional rental value. Suresh Garg- CMD, Nirala World and ex-secretary, CREDAI Western UP agrees to this saying that this continuity of decisions in itself is a big boost.

Affordable Housing Gets A Boost
Hariom Dixit-director, Gayatri Group states that this “Budget was dedicated to the affordable housing segment. This budget has increased the saving capacity of home buyers and this will convert in to home purchase.” Laying much emphasis on the progress of centre’s pet scheme- Pradhan Mantri Awas Yojana – Urban and Rural, the Finance Minister has made sure that affordable home buyers benefit significantly. “The steps to provide impetus to the housing sector would have a multiplier effect on GDP growth given the sector’s significant economic linkages, a deduction of Rs 1,50,000 on interest on loans borrowed under affordable housing, will help boost the demand of Housing for All by 2022,” says Avneesh Sood, Director Eros Group.

“On a home loan of 15 years, home buyers can save up to Rs 7 lakhs and it is huge amount,” adds Jain. Hardik Agrawal, CEO, Radha Madhav Developer (Vrindavan), Sufalam Infra Projects Ltd, too calls this a ‘welcome boost.’

“We are happy to know that the budget is going to bring the much-needed buoyancy to the currently sluggish real estate sector,” emphasises Jose’ Braganza, Joint MD, B&F Ventures (P) Ltd.

Along with infrastructure status to the affordable housing segment, increased carpet area, re-defined income definitions to boost supply in the market plus extension of the 100 per cent tax holiday under section 80-IBA of the Income Tax Act, 1961 to 31 March 2020—provisions that were announced in the last budget coupled by the impetus to affordable home buyers, Budget 2019 has come out positively, agrees Ramesh Nair, CEO and country head, JLL India. Besides, the government is also mulling over permissions to own land for housing development. Under Public Private Partnerships (PPP), affordable housing could thrive.

Infrastructure Development
Development through infrastructure building was at the core of Budget 2019 as was agriculture and the rural sector. Experts believe that infrastructure has massive power to align housing demand and distribution in a certain way and therefore, the thrust on this issue will fare well for the sector. “The allocation of Rs 100 lakh crore investments for the infrastructure sector over 5 years, is also a welcome move to put India in a high growth trajectory that will make it a $5trillion economy by 2024-2025,” points out Sood. “The allocation towards infrastructural development will see an outburst of new satellite cities, ultimately making way for new land parcels and housing developments,” adds Rajan Bandelkar, president, NAREDCO Maharashtra.

Technology In Housing
About 13 lakh homes under PMAY have been built with new technology. As improved technology is being welcomed by the centre under the banner of digital India, it has got industry experts excited as well. Li Qiongjia, director, Risland (North India) said, “We are very pleased that the government is taking notice of the new technologies being used in the realty sector.”

RBI As A Housing Finance Regulator
The central bank is hereon equipped to regulate housing finance companies. So far, the National Housing Bank (NHB) was in charge. “The managerial shift of housing finance to RBI, is a thoughtful move expected to address and work towards eradicating the existing liquidity crunch,” concurs Bandelkar.

Co-Working Spaces Providers Expected More
Start-ups have firmed themselves into the Indian economy and with many a sops announced to nurture these, co-working space providers find it to be indirectly beneficial for the health of such commercial spaces. “Though several measures across labor laws, education, and rental housing segment will have a direct impact on start-ups in the country, leading to enhanced demand for co working spaces, there still are several demands that could have been met,” feels Manas Mehrotra, chairman, 315Work Avenue.

Industry Status For The Sector Remains A Distant Dream
“To bring back growth in the sector which is so vital to any developing economy, we expected the government to impart industry status to the sector which would enable developers to cut capital costs and pass on the benefits to consumers. We were also expecting single-window clearance which has been a long pending demand from the sector,” concludes Surendra Hiranandani.

A Home crafted to transcend the boundaries of time. Wreathe with richness, Flora Height’s 3 & 4 BHK Apartments Andheri West will create a historic legacy of its own. Welcome to a lifestyle full of flawless luxury, a home that will delight you with its elite elegance, a comfort that will fill your life with pure divinity. Come, be a part of the most iconic landmark residences of 3 BHK Flat in Andheri West,Flora Heights.

Source – https://www.proptiger.com/guide/post/real-estate-sector-reaction-union-budget

Budget 2019: Top 5 Expectations Of The Real Estate Sector

July 5, 2019 by floraheights  

 

The aam aadmi always hopes that the union budget will have announcements that will impact their lives positively – for example, by improving their income and helping them to get jobs. Similarly, the real estate sector too hopes that the budget will alleviate their major problems and boost growth in the industry.

  1. Solution to funding issues
    The real estate sector has been facing a significant funding crunch, which was aggravated by the distress in the NBFC (non-banking financial company) sector. “The realty sector is expecting the government to ease ECB (External Commercial Borrowing) norms, to ensure steady inflow of capital from foreign investors. Similarly, the introduction of housing bonds, granting of special status to HFCs (housing finance companies), at par with the banking sector, will further help in providing the much-needed fillip to the housing segment, across all markets and geographies. For ambitious government welfare schemes, such as the ‘Housing for All’ initiative to be a reality, such reforms are prerequisites,” asserts Anshuman Magazine, chairman and CEO – India, Southeast Asia, Middle-East and Africa, CBRE.
  2. Support for affordable housing
    While the government has taken several initiatives to boost affordable housing in the country, experts maintain that there is room for more steps. According to Nimish Gupta, MD south Asia, RICS, investments in infrastructure development are likely to have a substantial share. This should help in increasing developers’ access to funds, for the development of affordable housing projects, in addition to initiating rental housing, he adds. “Highest levels of compliances and adoption of business best practices will, therefore, need to overlap with advancements in technology and delivery mechanisms, for the affordable housing scheme,” says Gupta.
  3. Tax rationalisation
    The real estate sector is also expecting further relaxation in the GST rates. Recommendations, to cut the corporate tax and extend the SEZ program, have also been put forth. There is fear that if the tax incentive for SEZs is withdrawn, it could severely hit the job creation ability of the sector. Praveen Dhabhai, COO, Payworld, points out, “We expect Modi 2.0 to think towards the reduction in GST, for remittances where the margin is wafer thin. The current GST rate is levying a huge burden on the end consumers.”
  4. Cross purchasing of residential and commercial properties, from sales proceeds
    At present, there are restrictions on tax benefits, if the seller of a residential property uses the sales proceeds, for buying a commercial property, or vice-versa. Analysts are hoping that the government will take the initiative, to allow the use of sale proceeds of residential property to purchase commercial property and vice-versa.
  5. Infrastructure development
    The union budget should focus on a holistic plan for infrastructure and housing development, in the peripheral locations and tier-2 and tier-3 cities, says Magazine. A boost for infrastructure, will not only benefit the realty sector but also help other industries and create large scale employment in the economy. “For the creation of large-scale housing developments, tax benefits under Section 80-IA and Section 35AD (deductions to encourage private sector participation within the infrastructure sector) should be extended to integrated township projects, by including the same within the definition of infrastructure facility,” Magazine concludes.

A Home crafted to transcend the boundaries of time. Wreathe with richness, Flora Height’s 3 & 4 BHK Apartments Andheri West will create a historic legacy of its own. Welcome to a lifestyle full of flawless luxury, a home that will delight you with its elite elegance, a comfort that will fill your life with pure divinity. Come, be a part of the most iconic landmark residences of 3 bhk flat in Andheri West,Flora Heights.

Planning to buy a property? Here's a checklist for buyers

June 28, 2019 by floraheights  

Owning a house is aspirational. These days people buy houses earlier in their lives. Owing to the increase in income, they often buy more than one house. It is an investment of a lifetime and people go that extra mile to buy a decent piece of real estate.

If you are looking out to buy a property, there are certain things that should be kept in mind. Since it is the biggest investment, therefore it is extremely important to know about the hidden costs that come in.

Whenever you approach any real estate agent or developer to buy a property you should be aware of the fact that initial cost described to you by him doesn’t include the add-ons. It makes you raise your budget by almost 20 to 25 per cent. It is advisable to be aware of and prepared for this additional expenditure while planning to buy a property.

The next important thing that comes into play is registration costs. It is to be noted that the registration cost depends upon the total worth of the property. In most of the states, the legal charges such as stamp duty and registration fees add up about 7 to 10 per cent of the total property cost.

Stamp duty is a tax which is levied on the documents. It is calculated on the basis of the circle rate of the area. Apart from these, there are several other miscellaneous expenses such as the fees of the notary and lawyers who get the job done in the court.

Once you acquire a property, there are a host of things in which you spend like getting the interiors done as per your preferences and requirements. Such expenses are generally not planned at the initial stage. While planning to buy keep that extra amount aside for the interior work as well.

It is important to check the tax payment status. The buyer should verify with the municipal authorities that the seller has not defaulted on payment of property taxes.

Real Estate (Regulation and Development) Act, 2016 (RERA) mandates that developers should register their projects with the authority under the Act. The buyer should verify if the property has been registered with the authority under RERA. For each state, information is available on the RERA website.

It also provides details of any case or complaints filed against the developer of the project. Apart from this, it also provides a useful insight into the credibility of the developer and the project which helps the buyer to make an informed choice.

A Home crafted to transcend the boundaries of time. Wreathe with richness, Flora Height’s 3 & 4 BHK Apartments Andheri West will create a historic legacy of its own. Welcome to a lifestyle full of flawless luxury, a home that will delight you with its elite elegance, a comfort that will fill your life with pure divinity. Come, be a part of the most iconic landmark residences of 3 BHK Flat in Andheri West,Flora Heights.

Source: https://www.timesnownews.com/business-economy/real-estate/article/planning-to-buy-a-property-heres-a-checklist-for-buyers/413385

Budget 2019: What Do Home Buyers Need From The Finance Minister?

June 26, 2019 by floraheights  

Introducing a separate limit for home loan principal repayment

Presently, a deduction of Rs 1.50 lakhs is allowed, for repayment of the principal amount of home loans, under Section 80 C. Since Section 80 C was introduced in 2003, with an initial limit of Rs 1 lakh, it has only been revised once in 2014, to Rs 1.50 lakhs. This revised limit is not sufficient, to keep pace with inflation during the period. The almost stagnant limit, accompanied with the introduction of various items like deposits under the Senior Citizen Scheme, five-year tax-saving fixed deposits, national pension system, Sukanya Samriddhi Scheme, etc., makes this space crowded.

Moreover, with the ever increasing prices of real estate, the amount needed to finance a residential unit has skyrocketed over the years.

Due to the many items covered under Section 80 C, the limit of Rs 1.50 lakhs gets exhausted easily, with just a few items like life insurance premium, provident fund/ public provident fund contributions, tuition fees for school children, etc. These items generally crowd out the principal repayment of home loan for most of the tax payers, especially those who are salaried. So, considering all the above reasons, the finance minister should introduce a separate limit for home loan repayment through a separate section, by carving it out from Section 80 C.

Removing the limit of Rs 2 lakhs, for deduction with respect to interest paid

The government wants everyone to have a house by 2022 but there are certain provisions in the income tax laws, which come in the way of achieving this objective. A person who has borrowed money, for the purchase or construction of a house for self-occupancy, is entitled to claim a deduction for interest paid up to Rs 2 lakhs, whereas, there is no such limit if the house property is let-out. The excess amount of interest, if any, paid on money borrowed for self-occupied property, gets lost.

Logically, the law should be the other way round. If the government wants people to own houses, it should provide tax benefits for full interest paid, if the house is to be used for self-occupancy and the restriction, if any, should be applicable on people who wish to do tax arbitrage by buying a house and letting it out. Hence, the finance minister should remove the cap of Rs 2 lakhs on interest for self-occupied houses.

The interim budget 2019 recognised the practical need of a person to have two houses for self-occupancy for various reasons and introduced a law, allowing a tax payer to have two self-owned houses as self-occupied. However, the amount of interest that can be claimed for both the houses together, has been retained at Rs 2 lakhs. If it is not possible to remove this limit altogether, the finance minister should allow a limit of Rs 2 lakhs on interest, for each of the self-owned and self-occupied houses.

Increase in the limit of loss to be set off against income

Prior to 2018, there was no restriction on the amount of loss under house property, which could be set off against other income of the year. However, the budget of 2018 introduced a limit of Rs 2 lakhs, beyond which loss computed under the head of house property, cannot be set off against other income. Looking at the amount of loan and interest that one has to pay, this amount is insufficient. This limit of loss that can be set off against other income, should be raised to Rs 5 lakhs, to give relief to the small tax payers in urban areas.

Carry forward of unabsorbed losses, under the head income from house property

Housing for All by 2022 is the ambitious mission of the government and it has introduced various fiscal incentives for first-time home buyers in various categories, by way of cash subsidies, etc., but there are some hindrances, as well. Presently, any loss beyond the limit of Rs 2 lakhs under the head ‘income from house property’, is not allowed to be set off against other income and thus has to be carried forward. This loss beyond Rs 2 lakhs, is allowed to be carried forward for eight subsequent years, to be set off against income under the house property head only. Since a home loan is a long-term product, where the general tenure is 20 years, there is no probability of the tax payer having any positive income under the head ‘Income from house property’ unless the tax payer prepays the home loan during the initial years.

As the probability of the tax payer having a positive income under this head is almost negligible during the initial nine years of the home loan and if the government really wishes to promote Housing for All, it should remove the restriction of eight years for carry forward of losses under the house property head and allow this loss to be carried forward and set off, till it gets fully set off, so as to let the tax payer have the benefit.

Rationalisation of GST rates for under-construction houses

The average home buyer is not tax-savvy and may not understand the intricacies of the tax laws. The recent decision of the GST Council, to reduce the GST rates for various categories of houses, accompanied with an option to the developer, to migrate or not migrate to the reduced rates regime for pending projects, has caused confusion in the minds of home buyers.

The reduction in GST rates for under-construction properties, has been coupled with a removal of the input credit, for the GST paid on the inputs used for the construction of the property. Although the move was intended to give relief to the home buyers, the results have been to the contrary. While developers have been collecting reduced GST rates, they have increased the base price of the property. This has resulted into higher cost to the home buyers, as the developers are not able to utilise the input credit which arises at higher rates of GST on such inputs, against the liability of lower GST rates on sale of such under-construction properties. This is happening, because the costing of the developer is not transparent.

Decisions pertaining to GST rates are taken by the GST Council, headed by the finance minister and hence, are outside the purview of the union budget presentation. Nevertheless, the GST Council needs to critically examine the real impact of the reduced rates regime without the input credit for developers, if it really wants to provide relief to the home buyers.

This should be done with collection of data across the country about the rates of properties booked, before and after the implementation of the proposal to reduce the GST rates.

A Home crafted to transcend the boundaries of time. Wreathe with richness, Flora Height’s 3 & 4 BHK Apartments Andheri West will create a historic legacy of its own. Welcome to a lifestyle full of flawless luxury, a home that will delight you with its elite elegance, a comfort that will fill your life with pure divinity. Come, be a part of the most iconic landmark residences of 3 BHK Flat in Andheri West,Flora Heights.

Source: https://housing.com/news/budget-what-do-home-buyers-need-from-the-finance-minister/

7 Ideas To Have A Stress-Free House in Andheri West

June 19, 2019 by floraheights  

Life is beautiful but we all experience stress at some point. Believe it or not, but advancement in times has also enhanced the levels of stress in people’s life. You cannot avoid stress, workplace stress, family stress, managing finances, debts, social lives and many more things come along with their share of stress. The word ‘stress’ is full of stress itself that it can shower immediate bad effects on health. However, no matter how bad your day was at the office, you want to leave everything behind and reach home stress-free. Since you cannot escape stress totally, your Apartments in Andheri West can be a stress-free zone! It is extremely important to make your House in Andheri West a stress free zone that gives a calming effect on the mind and negativity cannot trespass. Here, we are listing some exceptional ways that will make your house a stress-free zone.

Whenever you are thinking of buying Flats in Andheri West you should always consider these points:

Make Your Bed Every Morning:

Preparing the bed after waking up is a good habit. It is the first task of the day that you can achieve successfully. It is psychologically helpful because it motivates a person to remain positive throughout the day. Even if you have a bad day at the workplace, you’ll get to sleep on a well-made bed. Neat and tidy home and bed makes you feel good and also adds Positivity. Property in Andheri West provides you with good spacious rooms.

Let The Sunlight & Fresh Air Arrive In:

It has been scientifically proved that the sunrays are capable of eliminating the negative energy. When the sunlight touches the surface of a property, the negatively charges ions are eliminated by the heat of the sunrays carrying positively charged ions in your Property in Andheri west. Sun rays are a great source of positive energy, so instead of depending on the alarm clock to wake-up, embrace the sunrays for waking up every day. This will generate positive energy inside your home. Sunrays will help you give positive energy and give required vitamins.

Stick With Light Colors:

Certain color shades like light blue, baby green, creamy pink, white etc, leave no stone unturned in promoting a sense of relaxation. Though experimenting with colors is not a bad choice, choosing lighter colors for all rooms can have amazing romantice effect on one’s mood in your New Projects in Andheri West.

The Magic of De-Cluttering:

Packed up places or being surrounded by a heap of clutter including ages-old items can be stressful in some or the other way. Kicking the stress out from your 4 BHK Apartments in Andheri West can be done by de-cluttering the home. Pull out all the unwanted stuff including old electronics that aren’t in use, old clothes, footwear, and books. Donate these things to the charity or simply bid them online to get some money. Decorate your homes with fresh flowers.

Bring Nature Inside:

According to some studies, potted plants play a major role in busting stress. Whether on the working desk or at home, the small and not-so-small plants can improve the mood of an individual by leaving a positive effect. It adds fresh air in your room making you feel fresh and energetic. If adding a potted plant is not feasible, feel free to add a painting of a plant to keep stress at bay.

Create a Zen Zone:

At times, it can be difficult to create a relaxation zone amidst a busy life. However, having a personal nook or corner in the House in Andheri West can be a fabulous Zen zone for you. Adding a comfortable chair in that zone can become your personal relaxation space where no family member can bother you.

Invest In Oil Diffusers:

Aromatic indoors leave a pleasant effect and keep us relaxed and also enhance the ambience of the room . Whenever you feel down, switch the diffuser on and experience the positive change as the anxiety levels scale down and slowly vanish. For better results, you can play soft music as well that will be an add-on for stress.

Blackstone acquires affordable housing finance company, Aadhar

June 12, 2019 by floraheights  

Private equity funds managed by Blackstone have acquired a 97.7% stake in Aadhar Housing Finance Limited, including the entire stake held by the existing controlling shareholders, Wadhawan Global Capital Limited (WGC) and Dewan Housing Finance Limited (DHFL). As part of the transaction, Blackstone has also infused Rs 8,000 million primary equity capital into Aadhar, to fund the company for future growth.

Aadhar is an independent affordable housing finance company, with a network of 316 branches across 20 states and union territories and an AUM of Rs 100 billion (USD 1.4 billion), which comprises 100% secured lending to retail customers with an average loan ticket size of less than Rs 1 million (USD 14,000).

Speaking about the acquisition, Amit Dixit, head of India private equity and senior managing director at Blackstone, said: “Aadhar has the strongest origination capability in the sector, with 316 branches. Our primary capital infusion of Rs 8,000 million, has approximately doubled the company’s net worth and reduced its debt-to-equity ratio by roughly half. We are proud to support the government’s ‘Housing for All’ mission and provide capital and much-needed confidence to the HFC/NBFC sector.”

Kapil Wadhawan, chairman of WGC, expressed optimism that the housing finance firm, backed by Blackstone, the world’s largest alternative asset manager, would witness greater success. Deo Shankar Tripathi, managing director and CEO at Aadhar, added: “Blackstone’s ownership and the upfront capital infusion, have been perceived very positively by all stakeholders of the company. Our focus will remain to provide home ownership to every Indian, providing them accessible, easy and quick housing finance services. With the support of our new partners, we look forward to extending our services to our customers, enabling them to achieve their dreams of owning a home.”

A Home crafted to transcend the boundaries of time. Wreathe with richness, Flora Height’s 3 & 4 BHK Apartments Andheri West will create a historic legacy of its own. Welcome to a lifestyle full of flawless luxury, a home that will delight you with its elite elegance, a comfort that will fill your life with pure divinity. Come, be a part of the most iconic landmark residences of 3 BHK Flat in Andheri West,Flora Heights.

Source: https://housing.com/news/blackstone-acquires-affordable-housing-finance-company-aadhar/

Can a home be bought for end-use as well as investment purposes?

June 7, 2019 by floraheights  

The psychology of home buyers and their expectations vis-à-vis return on investment (ROI), have traditionally been different for investors and end-users. However, this difference may be gradually disappearing, at least in the top eight cities.

Thinking in terms of risk-versus-return is something that is predominantly done by investors. “Whether the mindset of an average end-user is similar to that of a seasoned investor today, is very much debatable,” said a panelist at an investment seminar. Take the case of Ramakant Nigam, an employee in the power sector who rented an apartment in Atta Market, close to the central business district of Noida, at Rs 18,000 per month. With 12 years to go before he retires, Nigam invested in a property in Ghaziabad.

Nigam believes that he made a sound investment decision. “When I can buy the same kind of property at Rs 60 lakh in Ghaziabad, why should I invest Rs one crore in Noida? It does not make sense to pay extra for a property that has lesser chances of appreciating, as against an upcoming market. Moreover, it gives me the flexibility of mobility, if I get transferred tomorrow,” he reasons.

This raises a fundamental question, as to whether houses have become more like trading commodities and the emotional quotient associated with its purchase, has diminished in leading Indian cities. According to Sandeep Ahuja, CEO of Richa Realtors, in real estate, even if the investor does not have very sound economic wisdom, the chances are that he will not lose his money. Compared to real estate, stocks are risky, as most of the companies are not blue chips and will have debt. So, even if the quantum of return is not that high in real estate, it remains a safe investment avenue, he maintains.

Naushad Panjwani, managing partner, Mandarus Partners LLP, points out that one also has to consider the buying pattern. Indians generally prefer to buy property in the top eight cities where they work, or in their home towns where they intend to retire, even if they live on rent in the city where they work, he elaborates. “So, if a person is not an investor and even if I show him research that establishes that there is fantastic return in a city other than his place of work or home town, he will not invest there,” says Panjwani.

Analysts maintain that end-users should not buy homes on the basis of expected price appreciation. A house may give better ROI than any other investment instrument but one has to look at a long-term time frame – of around ten years. In the residential segment, even if you pick the right project at the right price, it may take three to five years to get ROI. Time frame is important for investors as well, and the product will vary accordingly. E.g. In the residential segment, speculators can opt for pre-launch properties in north India and make money in one or two years. For mid to long-term investors, the commercial and retail segments may be a better option.

However, if one is looking at a fairly long-term period, then, investing in land would be ideal, as the returns are highest in this category. There are instances where people have made returns worth a thousand times their initial investment, over a period of 15-20 years. Ultimately, each home buyer has to take a conscious call, on whether s/he is an investor or an end-user.

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Source: https://housing.com/news/can-home-bought-end-use-well-investment-purposes/