Why switch Home loans with another lender?

Posted on February 12, 2016 by Anukampa

‘Home Sweet Home’ is what every one wishes to own one during life span. Owning a house can be a tedious and a life time achievement for some but it may be a regular buy for others.

Presently, it has become easier for aspirants to own a house, thanks to easy loan facility availability and easy repayment options coupled with rock-bottom interest rates. Interest rate has become the bone of contention amongst housing loan companies and banks. With stiff competitions in the offing, the beneficiary is the loan seeker who is being wooed by financial institutions with cropped interest rates, zero or very nominal processing fees or longer tenure for repayment with attractive EMIs. To expand their customer base, these institutions have resorted to customer snatching practices with offering lower interest rates and a plethora of other services. There can be many pros and cons of switching Home loans with another lender; here we shall give a level platform for both aspects:

Does loyalty pay:

Yes, it pays because the shifting client saves time and money on credit checks, authentications, revaluations, paper work and lot of other formalities besides initiating everything afresh. No, because one might miss a very attractive offer which is in the offing. It will be better to first have a tough negotiation with existing loan-giver before shifting to another one if the deal happens to be that attractive.

Time factor:

Tenure of loan is an important factor while deciding loan shift. If the existing loan is to expire in a short period, then it will not be feasible to shift as like interest time also plays an important role in cost effectiveness. Yes, it will be favourable for an aspirant who has recently started paying EMIs as switching loans to a better package will be very cost effective.

Switching costs:

Home loans when switched might become costly in comparison to the present depending on offered package. The factors of Stamp duty, processing fees, legal costs and expenses of fresh documentations should be in for consideration. Another factor up for consideration is pre-payment penalty charged by present lender. If these factors are favourable then it will be a wise decision to shift loans to another lender subject to other conditions being favourable too.

Keep an eye on CIBIL ratings:

A person who has presently taken a loan from some banking or financial institution should always keep a sharp eye on his CIBIL ratings. Generally, the worth for CIBIL ratings gains importance only when a fresh loan or loan switch is contemplated. Don’t be under an impression that CIBIL ratings will not alter once approval to loan is given and further when payment is smooth. There may be many other factors which might alter ratings. The potential lender will certainly consider CIBIL ratings while considering a switch over borrower.

Decision is yours:

A borrower of home loans is a wise person in his own esteem. He knows the benefits and inadequacies of whether to continue with present loan or switch loan to a new lender. Continuing with present lender has the benefit of acquaintance which might be of help even if there is a negative twist to CIBIL scores because, here, personal touch gets a priority over data facts. On the other hand one may rue over loss of a jackpot opportunity if the shift of loan is not affected.

Grihapravesh…towards new beginnings.

Posted on January 25, 2016 by Anukampa

For some, this New Year has brought a lot of new beginnings in their life. January being a season of marriage has witnessed a lot of couples settling down and start a new life.

In our country, Griha Pravesh of a new home is considered to be one of the most auspicious rituals before entering into a newly built house. Once the house is ready, the family moves in on an auspicious day that is determined by the astrological charts. We congratulate everyone who has moved into their new homes.

Like marriage, for many people, owning a home is the fulfillment of their dream. As marriage showcases stability, prosperity and fertility in one’s life so does owning a house. As one moves ahead in the journey of life, having a stable home is an obvious need.

On this note it is very important for a newly wed couple to own a house that is built with the pillars of love and affection. Another benefit of owning a home is that it gives you complete control and freedom. You get the complete freedom of choosing which things to be placed where. Which wall to be hammered. And of course, it saves you from the hassle of shifting from one apartment to another. Considering the future aspect, your children will have a more secure surrounding to grow and cherish fond memories in their own home.

When starting a new family, the feeling of owning a home is a feeling of pride. It helps you in bringing steadiness in terms of giving security, luxury and comfort to you and your family desired for.

Therefore, in this phase of life when starting afresh, owning a home can play a vital role in bringing you and your family on a concrete ground.

Real Estate Terminology 5

Posted on January 3, 2016 by Anukampa

We have been talking about Property Terms, giving you insight on the terminology that sometimes get difficult to comprehend. Read on further to know more such terms.

Facilities management

The co-ordination of many specialist disciplines to create the optimum working environment for staff.

Fail rent

The rent determined by a rent officer (or, on appeal, by a rent assessment committee) under a regulated tenancy and registered.

FERA

An act to regulate certain payments dealing in foreign exchange, securities, the import & export of currency and acquisition of immovable property by foreigners. Under Section 31 (1) of the Foreign Exchange Regulation Act (FERA) of 1973, it is mandatory for foreign corporations, which are not incorporated in India to obtain permission from the Reserve Bank Of India (RBI) to acquire, hold, transfer or dispose off in any manner (expect by way of lease for a period not exceeding five years) any immovable property in India.

Fire certificate

A certificate covering matters of safety required under the legislation for hotels, boarding houses, factories, offices shops and railway premises, excluding those buildings containing less than a minimum number of employees.

Fitouts

Relate to the interior permanent furnishings required in a property including HVAC ducting, fire protection system implementation, establishment of workstations and telephone/computer cabling among others, in order to make the property fit for usage.

Flatted factory

An industrial building of more than one storey, usually with two or more goods lifts, and constructed or converted for multiple occupation. The building is subdivided into small, separately occupied units which are used for manufacturing, assembly and associated storage.

Freehold

Freehold property can be defined as any estate which is “free from hold” of any entity besides the owner.

Frontage(line)

The full length of a plot of land or a building measured alongside the road on to which the plot or building fronts. In the case of contiguous buildings, individual frontages are usually measured to the middle of any parting wall.

Come back to continue reading about more Real Estate terms

Stay close to nature!

Posted on December 13, 2015 by Anukampa

If you love the green colour and have space, then you should explore this idea.

Balcony gardens can be intimate, manageable, useful, and absolutely stunning. But they can be complicated or simple depending on your choices and time to manage it.

Having an open garden in front of your home is a dream most of us have. With the apartment culture on rise, a personal garden seems a distant dream but balcony gardens are one arena that you can explore.

The most basic need of a balcony garden is space. Make sure you have space enough to have a few planters without making it look cluttered.

Since balconies differ in the climate from the ground and each balcony is situated in a different direction, you need to determine the environment of your balcony before selecting the kind of plants that can survive that weather condition.

Once you are sure of the weather conditions, choose a variety of plants mixing the seasonal and annual ones, so that your garden stays green always. You can also consider plants that require the structural support of trellises or cages to add variety and beauty.

Make sure the containers you plan to use are compatible with the growth habits of your plants and have adequate drainage as well.

Use different combinations of container and plant sizes to create visual interest. Reduce visual clutter by choosing containers that blend in with the surroundings.

If you have a variety, layer plants, with taller plants in the back and smaller ones in the front. You can also try vertical gardening. Hanging baskets and trellises can be used to maximize space and can really take your balcony garden to the next level.

Adding a little creativity and dedicating few minutes each day can really bring the blossom of a garden to your home. But before starting off, make sure your society and building management allows them.

Growth of the Residential Property Market in Jaipur

Posted on October 31, 2015 by Anukampa

Jaipur being amongst the fastest growing cities of the country in every aspect and with these propelled commercial and infrastructural developments, how could we expect the residential market to be lagged behind?

Jaipur has now been marked as the dawn of the new real estate era and the entry of major companies means significant growth in demand of more residential areas for the native as well as the people from outside.

The areas in Jaipur that have been considered as the upsurge for the real estate market have been witnessed in the suburban micro- markets like Jagatpura, New Sanganer Road, Ajmer road, Tonk Road, Sikar Road and Sirsi Road with most of the developers investing into this potential real estate hub with various projects in apartments and flats.

Jaipur is principally an investor’s market with 60% market share and expected to rise further if looked as a mid- long term investment. The appreciating Delhi NCR market too has put in the fuel to the demand for affordable market nearby. Key parameters like infrastructure, residential cost, proximity to retail establishments, future employment generation capacity etc. also helps in projecting Jaipur as the next big thing in Indian real estate market.

Real estate experts has also confirmed that real estate sector of Jaipur is witnessing a huge expansion and could become a promising and potential avenue for investment and with commencement of Delhi-Mumbai Industrial Corridor, forecasting the better times for sure.

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!

Why pay for property space you cannot use?

Posted on April 29, 2015 by Anukampa

While buying an apartment or an office, it is important to analyse the quality of the architectural planning, so that do not end up paying for space you will never be able to utilise efficiently. This space is called ‘Negative Space’

Negative Space is the area not occupied by any useful construction. This part of the property plan is often neglected, used inappropriately as an afterthought.

The term ‘Negative Space’ comes from the world of art, where it was used as a composition tool between objects in both two- and three-dimensional work. However, in times of rising property prices, shrinking living areas and smartly designed homes, there should be no room for space that is not utilized efficiently.

Having no negative space in an apartment means, having no neglected or unutilized areas on the floor plan. Since the cost of your purchase is calculated on the basis of square foot area, every inch matters.

Smartly designed apartments and other properties will always have the layout in such a way that your property smartly uses every inch of the space you’ve paid for, while providing you an airy, efficient and comfortable living / working area.

Browse through 2 & 3 BHK modern lifestyle apartments in Jaipur that offer you zero negative space with the Anukampa Group.

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!

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