Will Repo Rate Cut benefit Real Estate buyers?

Posted on June 17, 2015 by Anukampa

Repo Rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. It is used by monetary authorities to control inflation.

A cut in Repo Rate has a positive influence on the Real Estate Industry in the following ways:

Firstly, it will boost affordable housing: Gaurav Gupta, General Secretary, CREDAI-RNE says, “Such rate cuts are helpful for housing projects falling under the affordable price segment. Home loan interest rates impact the home buying decision of middle class buyers the most as they hugely depend on financing.”

Secondly, it will reduce EMIs: The reduction in the repo rate will help reduce the EMIs of homebuyers and lessen their burden, as they are already loaded with various other taxes.

Thirdly, for the real estate sector, it will improve sales figures: The rate cut is anticipated to revive buyer sentiments and bring back some to the market, resulting in improved conversion rates and sale volumes as more potential customers will think of buying homes due to reduced interest rates.

Last, but not the least, it reduces interest rate on home loans: While the Repo Rates have been cut for the third time in this fiscal year, home loan interest rates have been cut only once. But this cut, might just force banking institutions to revise interest rates again.

This is why the real estate industry, along with investors and homebuyers look forward to Repo Rate cuts eagerly.

Advantages of living in an apartment

Posted on June 11, 2015 by Anukampa

Residents of the city are increasingly choosing to buy apartments over land or independent houses. These are several advantages that apartments enjoy over bungalows. Here are a few:

1. Location

Location is the key when it comes to homes and apartments as no one wants to live in a high-crime neighborhood or an area that is far away from work. Location is also one of the factors that most directly affect the price of a building. It’s easier for an apartment complex to afford a desirable location than for a single house.

2. Lifestyle

Another upside of the location is the lifestyle apartments frequently offer. Being close to the action means that everything is literally at your doorstep, from schools, hospitals and restaurants to malls and theatres, sporting facilities and parks.

3. Maintenance

When it comes to an apartment, expect less maintenance than with a house. First off, they tend to be smaller, meaning less upkeep and cleaning. In new developments, it should also mean you’re moving into a brand new facility built to the very latest safety and construction requirements. Likewise, any maintenance issues with the building at large will be handled by the society.

4. Amenities

Things like a swimming pool, tennis courts or a fitness room are things that many people would like in their homes, but may not be able to afford. However, it’s easily available in many apartment complexes – particularly larger ones – as it is easier to have them as common amenities in the premises than in individual houses.

5. Security

An apartment complex offers a certain amount of security – not just anyone can get in. Good buildings have guards at the door, and CCTVs monitor car parks, lobby and possibly hallways or communal areas.

Apartment living offers some wonderful benefits and is definitely a lifestyle worth considering.

Why to have a landscaped garden?

Posted on May 28, 2015 by Anukampa

Nothing is more rewarding than to hear the chirps of the birds and the gush of the tree leaves whenever the wind blows. Imagine this scene right outside your building—complete with the greenest plants, colourful flowers, and rich soil. A landscaped garden gives you more than enough reasons to feel inspired and nurture nature. Your garden becomes a haven both for you and for your plants.

Beauty and appeal—these are the top advantages of having a landscaped garden. You can enjoy the vibrant hues and well-trimmed grass, as well as the orderly plant box and relax in your yard.

Here is a list of the key advantages of landscaping your garden:

Save energy: Shrubs, bushes, hedges, and trees can protect your home during extreme climates. It can shield you from the freezing winds in winters and it they can also absorb the heat of the sun in the summer months. You can save on costs and energy as you do not have to totally depend on your home’s air conditioning system.
Environmental benefits: Plants in the garden can reduce air pollution because of its ability to absorb carbon dioxide and provide more oxygen in the environment. This offers a safer and healthier environment for you and your children to live and play in. It can also help in lessening noise pollution as it can help in blocking out noise.
Increase the value of your property: Buildings with a well-landscaped garden can add more value to your home. With today’s cities growing as concrete jungles, great value is attached to open spaces, green landscapes and natural beauty.

Living in a healthy, peaceful, and abundant neighborhood is truly a dream come true for a lot of people. Having a landscaped garden in your society allows you to live that dream!

The influence of light and color on people.

Posted on May 7, 2015 by Anukampa

Light and color can influence how people perceive the area around them. Different light sources affect how the colors of walls and other objects are seen. Specific hues of colors seen under natural sunlight may vary when seen under the light from an incandescent light-bulb: lighter colors may appear to be more orange or “brownish” and darker colors may appear even darker.Light and the color of an object can affect how one perceives it’s positioning. If light or shadow, or the color of the object, masks an object’s true contour (outline of a figure) it can appear to be shaped differently from reality.Objects under a uniform light-source will promote better impression of three-dimensional shape.The color of an object may affect whether or not it seems to be in motion. In particular, the trajectories of objects under a light source whose intensity varies with space are more difficult to determine than identical objects under a uniform light source. This could possibly be interpreted as interference between motion and color perception, both of which are more difficult under variable lighting.

The general model of color psychology relies on six basic principles:

•Color can carry specific meaning.

•Color meaning is either based in learned meaning or biologically innate •meaning.

•The perception of a color causes evaluation automatically by the person perceiving.

•The evaluation process forces color-motivated behavior.

•Color usually exerts its influence automatically.

•Color meaning and effect has to do with context as well.

Meaning of colors:

RED

Red is the color of fire and blood, so it is associated with energy, war, danger, strength, power, determination as well as passion, desire, and love.

Light red represents joy, sexuality, passion, sensitivity, and love.

Pink signifies romance, love, and friendship. It denotes feminine qualities and passiveness.

Dark red is associated with vigor, willpower, rage, anger, leadership, courage, longing, malice, and wrath.

Brown suggests stability and denotes masculine qualities.

Reddish-brown is associated with harvest and fall.

ORANGE

Orange combines the energy of red and the happiness of yellow. It is associated with joy, sunshine, and the tropics. Orange represents enthusiasm, fascination, happiness, creativity, determination, attraction, success, encouragement, and stimulation.

Dark orange can mean deceit and distrust.

Red-orange corresponds to desire, sexual passion, pleasure, domination, aggression, and thirst for action.

Gold evokes the feeling of prestige. The meaning of gold is illumination, wisdom, and wealth. Gold often symbolizes high quality.

YELLOW

Yellow is the color of sunshine. It’s associated with joy, happiness, intellect, and energy.

Dull (dingy) yellow represents caution, decay, sickness, and jealousy.

Light yellow is associated with intellect, freshness, and joy.

GREEN

Green is the color of nature. It symbolizes growth, harmony, freshness, and fertility. Green has strong emotional correspondence with safety. Dark green is also commonly associated with money.

Dark green is associated with ambition, greed, and jealousy.

Yellow-green can indicate sickness, cowardice, discord, and jealousy.

Aqua is associated with emotional healing and protection.

Olive green is the traditional color of peace.

BLUE

Blue is the color of the sky and sea. It is often associated with depth and stability. It symbolizes trust, loyalty, wisdom, confidence, intelligence, faith, truth, and heaven.

Light blue is associated with health, healing, tranquility, understanding, and softness.

Dark blue represents knowledge, power, integrity, and seriousness.

WHITE

White is associated with light, goodness, innocence, purity, and virginity. It is considered to be the color of perfection.

BLACK

Black is associated with power, elegance, formality, death, evil, and mystery.

Black gives the feeling of perspective and depth, but a black background diminishes readability. A black suit or dress can make you look thinner. When designing for a gallery of art or photography, you can use a black or gray background to make the other colors stand out. Black contrasts well with bright colors. Combined with red or orange – other very powerful colors – black gives a very aggressive color scheme.

Essential accessories for your home

Posted on April 22, 2015 by Anukampa

Home accessories can make or break your home. Quirky accessories make great conversation starters. A well-organised room can exude style. But don’t let your accessories just be accessories. Form can be with function nowadays. Gone are the days you had to sacrifice function just to get a stylish accessory for your home. Don’t forget to add your personal touch.

Here are few of the essential accessories for your home:

1. Curtains

Curtains can make or break your home. Choosing one is a matter of colour, length, lining, and fabric. Changing the curtains can even breathe new life in a room. Your pale coloured-walls can be accentuated by bold printed curtains. If you have a sunny room, go for lighter fabrics such as silk and linen while blackout curtains are perfect for bedrooms to block light and control room temperature.

2. Table and Floor Lamps

Lamps can brighten up and even contribute to the overall look of your room. Complement your room by picking a lamp that matches the room’s other furniture and design. Place a blue lamp that matches the same shade as your throw pillows. Choose box shaped table lamps for a modern living room. Place your lamps in places that will not obstruct line of sight between seating in your rooms. Customise your lamp shade to add your personal touch.

3. Clocks

Clocks should not be purchased on a whim. Choose one that can be both an accessory and device for your house. There are now a number of beautifully designed clocks in the market that can match any home’s design. Choose a red or yellow clock to pop up on a plain, white wall. Match your clock to your room’s theme.

4. Mirrors

Mirrors can be your master illusionist. They can make a small space appear roomy. They can also make a room appear brighter. Tile small, square mirrors to give your place an illusion of a fake window. Place a large mirror beside your dining table like fancy restaurants to give you the feel of elegant space.

5. Add area rugs

Rooms that have many layers feel more sophisticated than those that are one-dimensional. Area rugs are a great way to help define different areas within a space as well as add a pop of colour, pattern and texture.

6. Paint

After all, paint can immediately transform a space. Don’t be afraid to go bold with a deep, rich hue, which will make the space feel cozy and will immediately elevate the entire room.

What you should know if you’re dealing with property brokers.

Posted on April 16, 2015 by Anukampa

With the current land prices, man force and raw material management involved, building an independent house is a distant dream for many. Hence people prefer to go to a property broker to find a house of their choice that also fits in their budget.

Here again there are many scrupulous brokers taking the buyers for a ride with indirect charges, fake registration titles and many untold sufferings till they are able to take possession of the flats. Thus, it is always recommended to either deal with the builder itself or be well informed of the buying process before approaching a broker.

Here are few points that every buyer must remember when buying a property through a broker:

Verification of the documents- It is always preferable, before getting in to a deal. Verification is necessary of the land records, legal clearances (whether the plot on which the building stands is non-agricultural (N/A) and has a clear title.), whether the building is in the name of the builder, whether a co-operative housing society has been formed and if yes whether the conveyance of the plot and building in favour of the society has been completed by the builder, the current rate (Rs./sq. foot) of the area, whether the rate offered to the buyer matches with the area rate and the basis – built up or super built up. Check what is included in “super built up” and what amenities will be included.

Construction Quality Check- Have a check on the quality of the construction and ensure that the layout / development has been approved by the Development Authority; most importantly ensure that all documents are legal.

Method Of Payment- It is better that you don not pay the broker a bulk amount in advance. Stagger the payment, and make final payment while occupying the house. This way you can reduce the risk to a great extend. Banks do due diligence before giving away a loan, but, in case there is a problem, they don’t take the risk.

Rules and Regulations- The point of worry for any investor is that in the absence of regulations, brokers are breaking rules with impunity and taking customers for granted. This is the biggest reason for loss of confidence among customers, they be investors or end users.

Tips for cleaning in Spring

Posted on April 8, 2015 by Anukampa

In our busy lives and tight schedules, one hardly finds the time for proper cleaning. But there is something you need to know – that a clean and well-managed house brings positive feelings into the family, because as they say, Cleanliness is next to Godliness.

So, here we are, with a few tips to help you organise your house better:

Declutter

Start from the most messy room or area of the house, so that cleaning a less scattered room makes it less of a burden. Find things that are really of use to you and get rid of things you haven’t used for months. This way, you will find more space for organise your things. It is a bit time consuming, but once done, you’ll save time and energy while searching for things you need.

Make space for the rest

After arranging the house if you don’t find space for everything, try creating some. You can choose decorative baskets, trunks, boxes or crates to keep your things. This way you can clean and simultaneously decorate your house.

Add cleaning to your daily TO-DO List

Give a touch-up to your home everyday rather than having a whole cleaning day. Make this a habit for lifetime; it hardly takes 15 minutes if you do it as a routine.

Make it easy

Make all the cleaning equipment easy to reach, like the things you use for cleaning the kitchen, should be kept in the kitchen itself. It will be more convenient and less time taking, and also evolve your cleaning habit.

Let them do it themselves

Organising can be achieved single handed, you should teach children as well as other members the importance of cleaning. So that the responsibilities can be divided and working together will also bring everyone closer.

Clean and organise your living spaces before it becomes a task. Give your house a whole new look and feel!

Easy ways to keep your home cool in summers.

Posted on March 25, 2015 by Anukampa

While you are lucky enough to own the top most home with a terrace or a balcony, don’t forget its tendency to trap heat. With summers catching up, it is important to know all the good things you can do to keep your place cool, and prevent heat from entering your home. This can also help you make significant cost savings on air-conditioners’ electricity bills.

Gardening without owning a garden

One of the most satisfying thing is cultivating own food. One of the most annoying thing is being a garden lover trapped into a teeny-tiny home. The simplest way to stay cool is to stay green. You can plan a garden in open space of your home. There are plenty of easy to handle plants, which one can have. This will add beauty to your home and will dramatically make it cool.

Aluminized Blinds or Insulated Curtains

For the windows you can have properly insulated curtains. These curtains will keep the sun’s heat away from your windows but will let the breeze blow if you wish to keep the windows open.

Let a few windows be open after sunset

This will make the cooler air blow throughout the evening. Also, leave all the internal doors open. You can open the closets and the kitchen cabinets as well, as they keep the daytime heat and your home will cool off the most in night. Don’t forget to close the windows and the blinds early in the morning as soon as the sun appears.

Manage your appliances

Incandescent light bulbs also create heat, so switch to compact fluorescents or LEDs. Turn off your appliances like computers and lamps when they are not in use. You should also turn off TV because it produces a lot of heat. And the same should be done with some plug-in power adapters.

Go with smooth and light coloured linen

You can use linen bed sheets and linen cover for the other furniture. Place white cotton fabrics over sofas since the upholstery fabrics are thick and cause sweat. Light-coloured fabric will reflect the heat instead of absorbing it and this relaxing ambience will give you a feeling of coolness.

Cross-ventilation

If you find it windy outside, you can create a breeze inside your flat by simply opening windows. We know the wind naturally flows from the high pressure area to the low pressure one, opening the windows on both sides of your flat will allow the air to move across the flat thus will create a breeze.

Apply these ideas and mark the significant changes in the environment of your home. Stay cool and enjoy the summer season too because it is one of a kind.

What is Vaastu Shastra? Why should my building be Vaastu compliant?

Posted on March 4, 2015 by Anukampa

Vaastu Shastra is an ancient science, which helps one to get the natural benefits freely offered by the five basic elements of the universe in which we all live. These basic elements are Akash (Sky), Prithvi (Earth), Paani (Water), Agni (Fire), and Vayu (Wind). Vaastu Shastra can be applied by keeping in harmony with these basic five elements of nature.

Sometimes, one might feel that the wheel of family life is not moving smoothly and there is lack of peace, harmony, affection and well being in one’s family. One should always choose a house that is Vaastu Shastra compliant, to expect good results and well-being gradually and steadily.

Vaastu Shastra is the traditional Indian system of architecture and design of Vedic origin. Vaastu means the dwelling of humans and Gods. Many Vaastu rules are derived from ‘Vaastu Purusha Mandala’, which is depicted as a man lying with his head pointing northeast, in a grid of usually 64 squares. The different directions and sectors are assigned to different Gods and Guardians. It aims at providing guidelines for proper construction. Vaastu orientates, places and dictates the proportions of every detail in building lines, skylines, elongations, levels, slopes, water (underground and overhead), kitchen, bedrooms, toilets, staircase, heights of ceilings and roofs, entrances, loci of doors and windows, compound walls and so on. Vaastu is affected with positive power of three elements: the earth, the water, the fire (the sun).

Vaastu Shastra cannot be directly linked with prosperity. It only suggests ways in which we can live in tune with the laws of nature so that we can be healthy and peaceful and work efficiently. The ancient texts of Vaastu Shastra have probably claimed to bring prosperity, as an indirect consequence of being able to perform well at home and work.

Benefits of investing in Property

Posted on February 18, 2015 by Anukampa

The market of real estate is booming with every passing day. Today, investing in realty has become a common investment choice. Many people are investing in properties, rather than opting for any other investment option. Although, there are many opportunities available for making good profit, but the real estate business is flourishing constantly. For this reason, many people prefer to invest in real estate to obtain capital profits and regular cash flows. Since last few years, investing in real estate has becoming a trendsetter in India. Because of its huge benefits, it has become a major investment choice of many people. There are many benefits associated with investing in real estate, such as

•Leverage: It is one of the major advantages of investing in real estate. It allows you to get a much higher return on your investment. By using leverage on your real estate transaction, you can have a positive impact on your financial statements.

•Appreciation: When the value of property increases over time, as a result of supply, demand, capital improvements, inflation or other factors, it is called appreciation. There are many investors who invest in real estate due to diverse reasons. When looking at the advantages of renting or buying a home, many people prefer to buy a home, as it can increase their net profits through appreciation.

•Tax Benefits: Another big advantage of investing in real estate is tax benefits. There are many tax benefits offered, when you own a property. All HOA dues, repair interests involved in it are tax deductible.

•Capital Growth: The value of property is increasing at a very rapid pace. By investing in real estate, you will not only get benefit of a steady capital growth, but can also earn a good rental income every month. It is a long-term cash flow that strengthens and increases over time.

As compared to any other kind of investment, investing in real estate is the best option that offers huge cash flows and profitable returns. The process of investing in real estate is very straightforward and easy. The only thing you require is sufficient knowledge in the real estate investment field. Apart from all these aspects, it is a more profitable mode of investment, as compared to stocks and shares.

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