Tripura Constructions

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Reverse Mortgage- A Boon For Senior CITIZENS | Tripura Constructions

Mortgage –  a very sensitive word, becomes sentimental when parents have to mortgage assets to get a loan for their child’s education or the wedding of their daughters. This same word – mortgage becomes a proud word when it boasts of the kindness and support which it offers to senior citizens in the form of Reverse Mortgage. It is a boon for their hard work in life.

1. Senior Citizens Deserve a Tension-Free Life

After a lifetime of working and taking care of the families, all senior citizens deserve a good retirement period that is not dependent on the earnings of their children. In this fast-paced life, many families think that their elders are a liability and try to get rid of them by either sending them to old age homes or keeping a nurse for them but they are not willing to take care of their parents. These are the same parents who slogged their lives for their children and had kept themselves awake for their children. What are they getting in return, in this old age? Most of the parents pass on their wealth and property to their children and then these children consider them as a liability. All senior citizens deserve a tension-free life. It is here where reverse mortgage serves as a boon for these seniors.

2. What is Reverse Mortgage?

A reverse mortgage is a that loan which serves as an additional source of income for senior citizens. This is available for those who have a self-occupied or self-acquired house in India. The bank pays payments against this mortgage. The property serves as a guarantee for the mortgage loan. The owner of the property is known as the debtor or mortgagor and the creditor or the mortgagee is the one who provides the loan. A reverse mortgage is a boon to senior citizens.

3 Who can apply

Anyone who is over 60 years of age can apply and avail reverse mortgage. If a couple wants to apply then the spouse should be more than 58 years. The one who wishes to apply for a reverse mortgage must own a house and the property should be at least 20 years old. If a couple applies, then one of them must own a house. A house in which the couple is residing can only be mortgaged, not any other property, that is let out or that is in commercial use.

4 Benefits of Reverse Mortgage

No tax is implied on the payments which the borrower receives from the bank. If the house needs to be repaired or renewed with this mortgage money, the amount that is spent on this will be entitled to a deduction in the computation of income. One doesn’t lose the ownership of the property even after the reverse mortgage. This is a new type of income that is free from any tax payment. One can even claim deductions on repairs and renovation of reverse mortgaged home.

The income offers mental peace and social security to the senior citizen. He no more has to depend on his children for his daily necessities. The thought of being financially independent brings back a sense of dignity. They are no more a burden on their children and will not run short of funds or do not have to suppress their necessities. They do not have to service the loan in their lifetime.

5 Reverse Mortgage is a Financial Support

Those seniors who own a property and are residing in it can use the same property for a regular income that they need for their daily activities like food, medicines, and others. They need not have to depend on their children. Instead of passing on their property to their kids, they can avail the facilities that are provided through a reverse mortgage and lead a tension-free life. They can maintain their self-respect and will not become a financial liability to their children.

The maximum loan which one can avail on a property can go up to 1 crore with a minimum tenure of 10 years. The borrower can get the installments as monthly, quarterly, yearly, or lump-sum payments. The mortgaged property has to be evaluated every 5 years by the bank that has provided the loan.  

The main attraction of this loan is that the borrower does not have to pay back the loan. Either the legal heir will do that or the bank will sell the property after the demise of the senior citizen and pay back the entire loan amount. If any amount is left after the payment of the bank amount, then that will be passed on to the legal heir. There is another option too. The legal heir can repay the loan after the demise of the borrower and keep the property for himself.

6. Reverse Mortgage- A Boon for Seniors

The scheme of a reverse mortgage is termed as a loan sanctioned to senior citizens, who are 60 years or above and own a house. A reverse mortgage is a way to provide relief and self-respect to those senior citizens who own a house and who don’t wish to become a liability to their children. This mortgage supports those seniors who do not have enough income to support themselves but own a house to live in. The specialty of the reverse mortgage is that the senior citizen does not have to service the loan during his lifetime. The bank makes monthly payments to the borrower for the property that is mortgaged. In case the mortgager outlives the tenure allotted by the bank for the repayment, then he will not be entitled to get the periodic payments but he can continue to occupy the property. After the demise of the borrower, the bank will sell the property to get back the loan amount or the legal heir will repay the loan and keep the property for himself.  

The very long-prevailing ideology of transferring the property to the children and then depending on them for each and every minute requirement needs a change now. If the seniors own a house then they too can enjoy a peaceful life after retirement without any worry about the daily financial needs through a reverse mortgage. This is a boon to the senior citizens.

Gradually a place became a property; the property became a source of mortgage which in turn became a source of income to keep up the self-respect of the owner of the property.

[pallavikrishna]

BUYING AGAINST RENTING

1.Buying Or Renting :

Now that India is on the path of ‘Atmanirbharta’ where we are looking for stability in times of crisis, buying a home is much more striking than renting. The drastic pandemic has taught many lessons to everyone. One of the most prominent one is the importance of a house. During the pandemic it was not only a shelter but it also was a school for kids and an office for the working members of the house. Be it a rented one or an own, a house is the basic necessity of life and after the pandemic; its importance has grown four folds. The question is – should the house be own or a rented one? This goes for a debate as people have not been able to decide on one but again the pandemic has given a silent indication – i.e. own house will be a better one as it will be hassle free from payment of rent which gets on nerves in times of crisis.

Every coin has two sides. So also buying or renting will also have their own advantages and disadvantages. To compare buying against renting, one needs to calculate the investment return on down payment and other expenses that are required while buying a house. One also needs to calculate the investment returns of the difference between the EMI payments and the rent over the entire extent of ownership, and then decide on buying against renting. Let’s throw light on buying against renting.

2.Buying a House is Essential :

One should have an own house that can protect him and his family in adverse times. Let’s know a few facts about buying a house.

A Home is an Asset : A property is a tangible asset that comes to rescue in difficult times. Though there are other forms of investments that are volatile, all have seen a drastic drop during the pandemic. Real estate also was affected badly but it bounced back earlier than other types of investments. So buying a property is a secure investment. Real estate investment is a safe investment as compared to other types of investments.

Learns the Skill of Saving : The desire to buy a house teaches the skill of saving. It toughens the will power and needs motivation to develop the habit of saving. One needs to cut short the expenses for years or till the loan is cleared off. One has to lead a less- abundant lifestyle.

Endows Safety & Security  : A house, be it rented or own provides safety and security but an own house endows safety and security in times of crisis – like the one everyone faced during the pandemic. Job losses and salary cuts created the fright of rent to those who were in rented houses, but that fear was not seen in the eyes of people who owned the house.

Offers Handsome Returns : Property is a tangible asset , the rates of which keep escalating. Even in times of crisis, the rates of properties hardly see a down trend. They bounce back soon, so there is no risk in buying a home. An own house definitely fetches handsome returns over the years.

Hard-Hitting Facts  : A few lucrative facts support buying a property. There are a few offers which have made the houses more affordable. More number of people can avail this opportunity and own a house. Low Rate of Interest has facilitated the opportunity of owning a house. Even the stamp duty is reduced in some places. Ready-to-move-in houses will be the best choice as there is no GST charged on them. Low booking amounts and attractive offers are also some beneficial options and some favourable conditions that can help the buyers in buying a house.

Offers a Sense of Ownership : Buying an own house provides emotional satisfaction and develops a sense of ownership. It is a roof that shelters not only the present generation but also the generations to come.

Changed Norms :  With work from home gaining prominence, people need houses that can accommodate the family along with a separate place for online classes of kids as well a place for work from home facility. Accommodating all this in rented houses is difficult as rented houses are not that flexible. Present norms of life demand larger space and renting spacious houses cost heavy on pockets. In times of financial crisis, paying monthly rent becomes a liability as was noticed during the pandemic.

3.Rented House is Compulsion :

There are people who cannot afford to buy a house. They do not have job security or they may not be earning enough to afford the payment of loans. Such people prefer to live in rented houses. Also in places where residential property is very expensive, people decide to continue living in rented houses.

Rent is Helpful : Paying rent monthly isn’t a waste of money because it gives you and your family a shelter especially when circumstances don’t allow you to purchase a house of your own. Sometimes people migrate to other places in search of work and they don’t want to own a property at a new place. In such conditions they take refuge in a rented house. They prefer renting against buying. Life is more lavish if it is in a rented house.

No taxes & No Responsibility : When you rent a house, you are free from taxes or expenses that may be required for some maintenance. You are devoid of any responsibility of the house because it is the duty of the owner to take care of his property – be it for maintenance, repair or payment of taxes. So life is away from a few of the responsibilities.

Offers flexibility of Movement : Renting gives the flexibility of changing locations as the job demands. One also gets the liberty of taking career breaks as one will not be bound to constant payment of EMIs.

4.

Individual Choice  :

Owning a house is of course the dream of everyone but circumstances doesn’t allow everyone to fulfill their dream. Some get the success whereas others still continue their dream. Higher prices of properties force people to opt for renting against buying. The choice between the two has always been a tough one. Those who can’t buy for various reasons, just compromise with renting. If a person is not buying a house and prefers renting out, then there must be some bottlenecks which he couldn’t avoid. Otherwise, the present conditions are very much favourable to buying a property.

Which option is best – buying or renting – is not just about money; it is also one’s comfort and one’s vision of life. What one expects from life- some feel that owning makes more sense while others feel that renting is like just throwing away money but there are still a lot who support renting. It is one’s own decision based on the circumstances and financial conditions. However buying a house for self is one of the best decisions of life because it lasts till the last breath

For more information please visit https://tripuraconstructions.com/buying-against-renting/

[pallavikrishna]

Second Wave Might Obstruct the Cash Flow

The second wave of Covid 19 seems to be more intense and lethal as it has gobbled up hundreds and thousands of lives. It has dampened the real estate sentiments of developers and home buyers. Anyhow, this is a timely crisis and cannot budge the resilient real estate. Its residential demand cannot diminish, though it may shrink for a while due to the external factors. Real estate may project cloudy weather due to the harsh pandemic and restricted cash flow in the industry but will gear up soon. 

TABLE OF CONTENT

1. Second Wave Might Obstruct the Cash Flow

2. Impact of Second Wave on Construction Industry

3. Commercial Sector Hit Again

4. Silver-lining seen in Residential Sector

1. Second Wave Might Obstruct the Cash Flow

The second wave of the pandemic has devastating effects on most of the industries and real estate is not an exception. Construction sector is targeted again by the second wave. Projects have been jeopardized and put on the noose due to various factors. Partial lockdowns and night curfews are again a threat to the mass exodus of migrant workers. The fear of complete lockdown has brought another wave of reverse migration. The construction sector was already reeling under the first wave and was just trying to hold the ground, when the blow of the second wave started its tremors. The construction sector was already facing financial constraints and dwindling output, the second wave has come as a harsh blow and might obstruct the cash flow. In real estate, cash flow is the difference between the cash received and the cash given out by way of payments. During partial lockdown, the chance of receiving cash in the form of bookings from the home buyers is decreased but the outgoing cash remains almost the same in the form of various payments. Hence there may be chances that the second wave might obstruct the cash flow.

During the first wave, when there was a complete lockdown and a mass exodus of workers and a complete halt in the construction sector, the government has stepped in and there was some financial relief to this sector. There is no such relief during the second wave from the government as there is only partial lockdown in some cities whereas others followed a complete lockdown. Though large and medium sized developers have already come up with some arrangements for their workers and are taking necessary precautions at their sites, the second wave may affect those who were not prepared for various reasons. There are chances of such developers facing issues with the cash flow.

2. Impact of Second Wave on Construction Industry

Along with other sectors, the construction industry has been facing a negative impact of the pandemic on its projects which have been paralysed due to various factors. This sector was already under stress during the first prolonged lockdown and was recovering from that blow, now that second wave hits it again. But this time the scenario is different. This time, real estate is well prepared to look after the labourers at their respective sites. Complying with the state governments SOPs, the labourers are taken care of food, shelter and healthcare requirements. The workers are also being paid regular wages in spite of the slowdown of the work. This is preventing workers from reverse migration and the majority of labours are available at the site. Adequate measures are taken at the sites to retain the workforce like sanitization, health check-ups, provision of food and shelter and also vaccine awareness. As there is no stringent lockdown so far and the essential services are still easily available, things at construction site are not that grim like before. They may resume back to construction once the temporary lockdown eases without giving that deadly blow like the first lockdown but the sector might face issues with cash flow in this phase of the second wave.

3. Commercial Sector Hit Again

With the first lockdown the world had almost come to a halt for a while and then came a revolution of work from home. This concept has hit the commercial sector. The clouds of the first wave of pandemic had not even cleared when the country was hit by the second wave, thus delaying the recovery of the commercial sector. The challenges posed by the second wave are adversely affecting the expansion plans of corporations. They are also postponing their office leasing decisions and taking a backseat because in the present scenario the offices need to be equipped with the SOPs of the government and they are not in the situation to fulfill them. Hence work from home is becoming the better option. Moreover companies are shifting their focus to minimize their fixed costs and seeking cost control measures, and one of the best ways is to reduce office maintenance costs. The recovery of the commercial sector might take a delay as the second wave forces the companies for cost cutting. The commercial sector may take a short nap due to imposed restrictions; but the long-term prospects will show some blue sky.

4. Silver-lining seen in Residential Sector

Though the second wave of the pandemic has shown its terror to the real estate sector too, things at the sites are better as compared to the first wave. The sector has been reviving its traditional strategies with new transformational and innovative methods for a sustained recovery. Reduced interest rates have still been luring the home buyers and the second wave has of course some positive effect on the sentiments of home buyers. An own home has become the main aim in the present conditions. The fear of the second wave of pandemic has added to the woes and has made the buyers postpone their real estate plans but these will be for a while. The demand for the affordable and mid-income segment is expected to recover as it is supported by the government’s credit-based subsidy scheme. Demand is expected to increase on the fringes and the peripheries as these are more affordable and the remote work culture is fuelling this trend. Buyers had regained confidence in the last quarter of last year but went back into hibernation due to the second wave of the pandemic. The lower home loan rates, the lucrative payment plans and freebies by developers may return the housing demand to the pre-pandemic levels. Projects that are nearing completion may push their delivery deadlines as there is a disruption in the supply of raw material as well as the sector is facing various other challenges. New launches may be delayed but the focus will be on completing the existing projects with limited labour and cash flow. Hence it is expected that this second wave of pandemic may shadow the cash flow of real estate.

– Written By Pallavi Krishna

[pallavikrishna]

3BHK villas in Bowrampet | Tripura Landmark-3

3BHK Villas for Sale in Bowrampet Third withinside the string of the nicely constructed Landmark Series, Tripura Landmark III, is but some other fantastic challenge of Tripura Constructions. These are magnificently constructed 3BHK duplex impartial steeply-priced villas constructed in a gated villa community @Bowrampet. Tripura Landmark III is nicely linked to Hi-Tech City and ORR. It additionally continues an amazing infrastructure –each bodily in addition to social.

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Real Estate Had Developed Many Expectations From Budget2021 | Tripura Constructions

Expectations versus reality is a race that will continue throughout the life. We can also say that   :-                                

Reality – Expectations =  Happiness Real Estate had developed many expectations from Budget 2021. Though some were not fulfilled, Real Estate got a small share from Budget 2021.

1. A Chunk for Real Estate Bouncing back after the pandemic punch, the real estate sector needed a greater push to reduce the impact of the pandemic and for the revival of its fortune. Though there was a list of expectations from Budget 2021, Real Estate did get a chunk of the budget as mentioned below:

1.1.  Priority to Affordable Housing In the previous budget i.e. 2019 budget, the government had provided an additional deduction of interest amounting to Rs. 1.5 lakh for loan taken to purchase an affordable house. The Finance Minister said that this government sees Housing for All and Affordable Housing as priority areas. She proposed to extend the eligibility of this deduction by one more year, to 31st March, 2022. Budget 2021 has granted Rs. 54,581 crore to Ministry of Housing and Urban Affairs.  BUDGET 2021 – A CHUNK FOR REAL ESTATE

1.2.  Increase in Safe Harbour Limit The Minister proposed to increase the safe harbour limit from 10% to 20% for the specified primary sale of residential units. This move is to provide incentives to home buyers and real estate developers.

1.3.  Support to Real Estate Investment Trusts Section 194 of the Income Tax Act , governs the provisions for deduction of TDS on payment of dividend. TDS stands for Tax Deducted at Source. Budget 2021 exempted dividends from real estate investments trusts or REITs. Suitable arrangements will be made for debt financing of InvITs and REITs by foreign portfolio investors in the relevant legislations. This will ease the access of finance. Budget 2021 exempted dividends from Real Estate Investment Trusts (REITs).

1.4.  Infrastructure This is another sector that got a slice of Budget 2021. As per the budget, two new technologies i.e. ‘Metrolite’ and ‘MetroNeo’ will be deployed to provide metro rail systems at much lesser cost with same experience, convenience and safety in Tier 2 cities and peripherals of Tier 1 cities. The Finance Minister provided a sum of Rs. 20000 crore to capitalize this institution. Though this chunk of the budget is not directly provided to real estate, it will definitely enhance the real estate sector.

1.5.  Succor for Migrant Workers As per Budget 2021, social security benefits will be extended to construction workers and minimum wages to apply for all categories. Apart from this, a portal will be launched that will collect the relevant information about migrant workers. This will be helpful to the government to formulate various schemes for these workers.

written by

Pallavi krishna

[pallavikrishna]

Duplex villas in Bowrampet | Tripura Constructions 

Independent villas in Bowrampet It is a duplex villa with G + 1 bedrooms. There is a spacious living space, a master bedroom, and a kitchen on the ground floor. On the first floor, there is a children's bedroom, a guest suite, and a balcony. Leisure and entertainment are also taken care of. Residents of Tripura Landmark III have access to a large Clubhouse and a variety of recreational facilities.

[pallavikrishna]

Real Estate Had Developed Many Expectations From Budget2021 | Tripura Constructions

Expectations versus reality is a race that will continue throughout the life. We can also say that   :-                                

Reality – Expectations =  Happiness

Real Estate had developed many expectations from Budget 2021. Though some were not fulfilled, Real Estate got a small share from Budget 2021.

1. A Chunk for Real Estate

Bouncing back after the pandemic punch, the real estate sector needed a greater push to reduce the impact of the pandemic and for the revival of its fortune. Though there was a list of expectations from Budget 2021, Real Estate did get a chunk of the budget as mentioned below:

1.1.  Priority to Affordable Housing

In the previous budget i.e. 2019 budget, the government had provided an additional deduction of interest amounting to Rs. 1.5 lakh for loan taken to purchase an affordable house. The Finance Minister said that this government sees Housing for All and Affordable Housing as priority areas. She proposed to extend the eligibility of this deduction by one more year, to 31st March, 2022. Budget 2021 has granted Rs. 54,581 crore to Ministry of Housing and Urban Affairs.

1.2.  Increase in Safe Harbour Limit The Minister proposed to increase the safe harbour limit from 10% to 20% for the specified primary sale of residential units. This move is to provide incentives to home buyers and real estate developers.

1.3.  Support to Real Estate Investment Trusts Section 194 of the Income Tax Act , governs the provisions for deduction of TDS on payment of dividend. TDS stands for Tax Deducted at Source. Budget 2021 exempted dividends from real estate investments trusts or REITs. Suitable arrangements will be made for debt financing of InvITs and REITs by foreign portfolio investors in the relevant legislations. This will ease the access of finance. Budget 2021 exempted dividends from Real Estate Investment Trusts (REITs).

1.4.  Infrastructure This is another sector that got a slice of Budget 2021. As per the budget, two new technologies i.e. ‘Metrolite’ and ‘MetroNeo’ will be deployed to provide metro rail systems at much lesser cost with same experience, convenience and safety in Tier 2 cities and peripherals of Tier 1 cities. The Finance Minister provided a sum of Rs. 20000 crore to capitalize this institution. Though this chunk of the budget is not directly provided to real estate, it will definitely enhance the real estate sector.

written by

Pallavi krishna

[pallavikrishna]

LIVE  GREEN  IN  GREEN  ALPHA | Tripura Constructions

Forest -themed Green Alpha is a sprawling luxury enclave with magnificent apartments that rejuvenate you and elevates the contemporary lifestyle. ‘Come to the woods, for here is the rest. There is no repose like that of Green Alpha. Look deep into nature and you will understand everything better. Nature is the art of God and that can be witnessed in Green Alpha’. So give yourself an opportunity to live green in Green Alpha.

‘And into the forest I go, to lose my mind and find my soul. This life is yours. Take the power to choose what you want and do it well. Take the power to walk in the forest and be a part of nature.’ Take the power to own an apartment in Green Alpha.

Vertical Forest-Theme

Forest…doesn’t mean the forest with wild animals. It is a marvellous creation of Tripura Constructions where they have introduced the first ever High-rise gated community with green buildings. These vertical gardens give the look of a dense green forest forming a canopy over Green Alpha.  Life is green in these Green Buildings. 

Locality, Infrastructure  & Nearby Employment Hubs 

Green Alpha is located in Tellapur which is 20 min away from Mumbai Highway. Tellapur is adjacent to ORR. Various educational institutions and hospitals are in close proximity. Some of the prime employment hubs of Hyderabad like Gachibowli, Financial District, Hi-Tech City and Wipro Circle are within a range of 20-40 min. 

Majestic Green Alpha

‘Green Alpha’ is a vertical -forest themed township in Tellapur. Spread over an area of 5.15 acres, these vertical forest themed apartments are like vertical gardens with a dense green forest - wrap like elegance, forming an exquisite covering over the township of Green Alpha. These are 6 majestically constructed towers with 10 floors in each. Life in Green Alpha is like living in the lap of Mother Nature with forest like greenery and vertical forest themed 2, 3 BHK luxurious apartments. Own an apartment and live green in Green Alpha. 

Benefits of Dense Forest Cover

Greenery regenerates biodiversity and reduces the noise pollution. The plants are specifically chosen to act as a curtain, regulating humidity and producing fresh oxygen. They improve the quality of the air. They also help to reduce the temperature of the surroundings. Own an apartment in Green Alpha and live green. 

 Royal Amenities

Amenities have become a part and parcel of life but Green Alpha imparts a royal touch with an extra crunch. A Crèche, Restaurant, Guestrooms and a Provision Store are the classy amenities in addition to the regular trendy features. Amphitheatre is another luxury to spend the leisure. Car Wash Bay for each tower is an incentive to the residents of Green Alpha. Grab the opportunity to live green in Green Alpha. It also has a Club House and indoor and outdoor activities for sports.

 a) Club house

Green Alpha pockets a fully loaded 5 level clubhouse – a unique in its kind. Spread over 28,800 sq.ft. this sumptuous clubhouse offers a healthy atmosphere. It includes a café or cafeteria, yoga and meditation rooms. A swimming pool at Green Alpha gives privacy as it is only for the residents. An ATM, gym and 8 guest rooms are also available inside the gated community. 

 b) Sports

‘Health is the greatest wealth and it is not that easy to achieve’. Sports keep you fit and healthy when physical activity becomes an energetic routine. Residents can enjoy indoor as well as outdoor games and keep themselves fit and fine.

Safety & Security

 Security is not a necessity but it is one of the most priorities that are essential in our day to day life. Safety and security is the most coordinated and vigilant feature at Green Alpha. Proper precaution assures a protected and secure life. Safety in a gated community means safety from intruders as well as solicitors. 

Handsome Returns

Being located in Tellapur, a well sought after location, apartments in Green Alpha are more promising and prominent and will surely fetch handsome returns. It is considered as one of the best locations for property investment. Apartments in Green Alpha are considered to yield better and appreciating returns.

written by 

Kishore reddy                 

[pallavikrishna]

Apartments In Tellapur

Green Alpha as a result of the name proclaims, has leaf everyplace around the half-dozen majestically made towers with ten floors in every.

[pallavikrishna]

Investment In Real Estate – A Safe Step | Tripura Constructions

“Buying real estate is not only the best way, the quickest way, the safest way but the only way to become wealthy.” Marshall Field

 A. Choose From the Options 

 As we all know, there are numerous options for investments and each one comes with its own package of pros and cons. One needs to research a lot before finalizing on any investment. People can invest in gold, stocks, shares, fixed deposits, business and property. Real estate investment has always been considered to be a safe step. This investment has a number of benefits to its credit. Here are a few reasons that highlight on the fact that real estate investment is a safe step.

 1. Tangible Asset : Real Estate investment is a tangible asset. It is the most safe and reliable form of investment. An asset comes to the rescue of the owner in times of crisis, so is true with this tangible asset. One can sell it, mortgage it, gift it or can enjoy its benefits. It is an immovable asset and cannot be stolen.

 2. More Options with Handsome Returns :  Real estate investment can be residential, commercial or plots. If the investment is in residential sector, then one can either utilize it to live in it or can rent it out. Commercial sector is purely for income. As the prices of real estate soar with time, then one can get handsome returns in long term investment.

 3. Rare Loss : When the investment is in stocks, shares or any business- the risk of loss is higher. Anyhow, this is not expected in real estate investment. The savings are always safe. They are not only safe but also swell up overtime. Value of properties appreciates over time and this investment hardly faces any loss. Investment in real estate is a long term commitment and barely gets affected with political or economic factors.

4. Extra Income to Rely Upon : Real estate investment is very flexible. If one has a place to live and he is investing in a second house, then that can be rented out so that a source of extra income is created.  Having a property gives more stability and security in life. It is a safe step to safeguard the savings. One can sell it and obtain a large amount in crisis. Property investment works as a cushion in times of financial distress.

 5. Anyone can Invest : This is an undemanding investment. It does not require any special skills or any type of knowledge and anyone can invest in real estate. Other investments like shares and stocks need some skills and knowledge and everyone cannot handle this investment. Real estate investment is the easiest one and can be managed by anyone. 

[pallavikrishna]

Apartments In Tellapur | Tripura Constructions

Green Alpha as a result of the name proclaims, has leaf everyplace around the half-dozen majestically made towers with ten floors in every. usually this can be often the first-ever high rise gated community with inexperienced buildings – vertical forest flats, one of its kind in Hyderabad. This leaf is freaky. These ar vertical gardens with a dense inexperienced forest – wrap like class, forming Associate in Nursing exquisite cover over the town of inexperienced ALPHA @ Tellapur. Tall plants, thick shrubs, flowering creepers bring a slice of nature as a canopy over the towers and so the flora is seen within the flats too.

[pallavikrishna]

Home Loan Rates @  Lowest- Don’t Miss Out

Home – Sweet Home …..Our Own Sweet Home, is just too close. It is round the corner. Bend and reach it. Don’t miss out.

 1. Peek in the Past : Life has faced a lot of devastation during the pandemic. Each and every sector and every family have smelled the stench. Professionals struggled to stick to their jobs, most of them working from home. It was a real tough period when people faced the evil side of life. The threat of the virus on one side, the fear of job losses, salary cuts, and monthly expenses on the other – worst to add was the rent for those who were in rented houses. It was the rough and harsh phase of life when the entire family was locked indoors. People have realized the importance of a house, especially one that is our own, in times of crisis; one can be at least free from the fright of paying the rent every month. So many are out to own a home as soon as possible because home loan rates are @ the lowest.

 2. Home Loan Rates @ Lowest : Though crushing, Covid  19 has paved way for the prospective home buyers. Buying a house or to own a home is the ultimate desire of every individual. All of us crave to own a home but most of us do not get a chance to fulfill our desire, but this pandemic has created positive ways in some of the fields. One such field is the real estate, where the chances of owning the dream home have increased with home loan interest rates fallen below 8%. This happened for the first time in last fifteen years. Interest rates had gone below 15% in 2003-2004. This means that the dream house has got closer than before because home loan rates are @ the lowest. Seize the brilliant opportunity. Don’t miss out.

 3. RBI’s Decision Laudable : Owing to the happy year end, RBI decided to keep the repo rate unchanged for the third time in a row. RBI will tightly hold on to the repo rate at 4% and the reverse repo rate at 3.35%. Reverse repo rate is the rate at which RBI borrows loans from the commercial banks. This happens when there is excess liquidity in the market. This time repo rate has come down to lend a hand to the pandemic hit economy and help it spring back to its feet. A decrease in repo rate means that the commercial banks can borrow more money from RBI at a cheaper rate, reducing the lending rate for the consumers. On the contrary, if rate of interest increase, consumers will get affected as they will have less money to spend.

 4. Perfect Investment : Real estate investment is the only investment out of many other options, that is risk free. It is a perfect investment option that promises good returns, even in times of distress. When the home loan rates are @ the lowest, one should not lose this opportunity and own a home, either for personal use or as an asset. Don’t miss out. Real estate assets are tangible and cannot be misplaced or stolen. 

 5. Don’t Miss Out :  Though real estate witnessed a slow paced performance in second quarter of 2020, it gained momentum and presented a happy year end. 2021 will surely fetch good sales in real estate. This is the perfect time to own a house for self use or as an investment. Don’t miss out the opportunity. You can even buy it as a second home if you already own a home. This can be considered as an asset that can come to your rescue in times of crisis. It can also become a source of income if it is rented out. Owning a home is a matter of pride, it gives a sense of ownership. One may not get such an opportunity again because such chances come once in a life time. One should be clever enough to seize it and should not miss it out, because home loan rates are @ the lowest.

[pallavikrishna]

Choose : Under – Construction   OR   Ready –To-Move-In

Dream of owning a house – should of course be fulfilled. Buying one’s own house is really an achievement, but this feat requires a lot of technical knowledge as well as physical, mental and financial strength.

 1. Available Choice

Home buyers can opt for under-construction or ready-to-move-in properties depending on their choice or budget. Under-construction as the name suggests are those structures or projects that are not complete and the construction is still going on. Ready-to-move-in are the ones which are completely ready for possession. Both have their own advantages and disadvantages and one can decide what to purchase after having a look at the pros and cons of both type of constructions.

 2. Under-Construction Properties 

This refers to the properties that are not yet completed but in the process of construction. Here are a few pros and cons of the same.

 Pros

Cons

Prices are less but rise as the construction progresses but a healthy appreciation on the capital investment can be earned. 

After receiving the commencement certificate, a builder can start the project but he also needs various other permissions from relevant regulatory departments.

As all the properties are registered with RERA, there won’t be any chance of foul play with the home buyers. 

Maintenance charges are not clear till the resident’s association is formed. These are recurring expenses and keep changing unless it is projected as a premium one.

Tax rates are reduced from 12% to 5% for residential properties and 8% to 1% for affordable housing without the Input Tax Credit. 

Delays in possession are possible due to various reasons like land disputes, lack of funds,  partial permissions from authorities, bankruptcy of builders, new regulatory policies etc.

All those changes that don’t alter the basic construction of the building are entertained.

The final product may differ a lot from the sample flat. Amenities and specifications should always be monitored to avoid such disparities.

One can sell the property closer to the possession and earn a healthy appreciation on capital investment.

One has to pay 12% of the total cost of property as GST if one purchases an under-construction property without a Completion Certificate.

3. Ready-to-move-in  

Ready-to-move-in homes are also known as inventory homes which are already complete or nearing completion. It is ready for immediate occupancy. Here are a few pros and cons with this type of properties.

 Pros

Cons

The key advantage of ready-to-move-in house is that it can be occupied immediately after one completes the payment and documentation of the unit.

A lot of legal work and documentation is required to get the ownership of a property.

The promised layout will be reflected in the ready unit. There will not be any disparities in the layout or other prominent features. Ready-to-move-in properties are hassle free and do not have any risk of delays.

There is almost no scope of any modifications in the ready-to-move-in unit.

These properties have been issued the completion certificate and hence are free from GST implication. 5% tax applied by GST for under construction units is not applicable here. One will also be exempted from paying GST.

Cost of ready-to-move-in will be higher as compared to under-construction ones though the other features may remain the same.

These units have a clear legal title and the buyer is assured of legal status.

One does not get a chance of checking the quality of construction as it is ready at the time of purchase.

A complete clarity on total cost and maintenance charges is already provided. All the costs are made clear before the deal.

 4. Individual Choice

It is a debatable topic. Each has its pros and cons. It all depends on the buyer and his financial status. People have their own choices. Some prefer for ready-to-move-in projects. However, the under-construction projects are no lesser when quality is considered though they may be a bit less in cost. One has to choose as per his requirement.

Written by

Pavan Kumar

[pallavikrishna]

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And into the forest, I go, to lose my mind and find my soul. This life is yours. Take the power to choose what you want and do it well. Take the power to walk in the forest and be a part of nature. No one else can do it for you. Take the power to make your life happy.’ – John Muir.

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