Protect India Housing

10/11/2017

https://www.youtube.com/watch?v=IUgRUSn1XFg

10/11/2017

https://www.youtube.com/watch?v=vij5qK6GaOM

This week on Future Cities Of India we focus on the capital of Orissa, Bhubaneswar. The city is known as the city of temples, but now the picture is changing...

10/11/2017

How to Negotiate a Property Deal ??

You know that you can save "lacs" if you are a good negotiator. Most of the buyers don't negotiate at the time of property purchase especially from the build...

05/11/2017

🙏 VASTU for Your HOME & FACTORY 🙏

05/11/2017

🙏 VASTU For Your HOME 🙏

05/11/2017

25- FREE VASTU TIPS FOR HOME

• Setting television in the bedroom area is not recommended.
• Keep the plants and water sport far from your bedroom
• Never split bed sheet and bed mattresses
• Set your house furniture in the form of circle, square, or as octagon
• Keep the corners bright
• It is good to fix an image of bright sun in the southern wall of the living area
• Construct your bedroom, where wind must blow from south to west
• Your house dinning hall must never get exposed to the entrance door of the house
• Setting a mirror in the kitchen room is not recommended
• Do not place the mops and brooms in the kitchen
• It is good to keep the doors of your toilet and bathroom closed most the time
• It is good to set your windows opened towards out face
• Growing of pricking plants like cactus in your house is not advisable and recommended
• It is good to place the fish aquarium in the southeast corner in your living area
• It is good to stick a happy family photograph or picture inside your living room
• Growing of high trees such as Bangan, Thorny, and Pipal trees is not good and recommended
• Ensure that the lift gate is not set in face of the entry main gate of your house
• Building your house rooms in shape of oval, circle, or triangle is strictly not advisable
• Your house should never be in disturbed by any obstructive buildings
• Ensure that your house is good with right air circulation and water source
• Your latrine seat must be kept facing towards northern south
• It is good to sit facing the doorway, while you sit in your office
• It is good to set a mountain wallpaper behind you in your office
• Never keep a ladder that faces towards west or north, as it makes waste of money
• Never wear torn clothing or withered flowers as these will prevent the Goddess Lakshmi entering into the home

31/10/2017

HOW TO NEGOTIATING DEAL, WHEN BUYING YOUR DREAM HOME ?

Now that you have shortlisted the property and are about to seal the transaction, it is important for you as a buyer to know certain tricks of the trade while negotiating the ‘ask’ price tabled by the seller. To this end, here are some tips and tricks that might come in handy:

BE AWARE: Know the current market situation well. You should know whether it is a buyer’s or a seller’s market. Ideally in a buyer’s market, the supply outnumbers demand, thereby, offering more options to choose from. This entails a higher negotiating power for the buyer. In a seller’s market, however, the supply of residential units is lower than demand, keeping seller at a superior position. Understanding the market dynamics go a long way in cracking the right deal. You must be aware of the city you are planning to invest in. Factors such as inventory level, current price trends, and sales volume, among others, would help you negotiate well with the seller.


TAKE HELP: Buyers usually avoid finalizing a property purchase through a broker in order to save on the brokerage fee. However, involving an expert from the industry might help you procure better prospects as brokers possess in-depth knowledge about the local market and may help you fetch the ideal home within the required budget.

CASH DISCOUNTS: Offers such as free gifts have become quite common in real estate. Developers employ all sorts of marketing tactics to sell their product and free gifts are just one them. You can negotiate for cash discounts instead of other tangible gifts offered by the builder.

SHOW INTEREST: Contrary to popular belief that being too keen might restrict your chances of getting lucrative discounts, a curious buyer stands a higher chance of closing a transaction. Developers usually try and give the best possible option if they feel that the buyer is actually interested in buying and not just exploring options.

GAUGE THE SELLER'S NEED : It always helps if you know the reason behind the sale. Is it a case of distress selling where the seller is in a desperate need of money or does he have ample time at hand? In case you sense emergency, you can negotiate better and crack a good deal.

BE PREPARED WITH FUNDS: Inform the seller if you have ready cash available or a pre-approved home loan. A seller would be more inclined in closing the deal with a buyer who is not battling financial constraints.

EVERY PROPERTY DEAL IS NEGOTIABLE: There is nothing about real estate transactions that cannot be negotiated. While this does not imply that you would win all bargains, you can expect a reduction of 5-10 percent on the ‘ask’ price if you make an informed attempt and reason it out well with the seller.

AIM FOR A WIN-WIN SITUATION: Developing a good rapport with the seller is imperative for a healthy real estate deal. Such a situation can be achieved when both parties feel that they have satisfactorily met their objectives. The prerequisite to ensuring a successful negotiation is understanding each other’s needs and accommodating the goals of both the parties.

31/10/2017

EMIs FOR HOME IN URBAN AREAS GET CHEAPER UNDER "PRADHAN MANTRI AWAS YOJANA"

Buying your first home in a city or town under the Pradhan Mantri Awas Yojana (PMAY) will fetch you lower interest rates on your home loans if your annual family income falls in the range of Rs 12-Rs 18 lakh. The government has come out with guidelines on the interest rate subsidy scheme under the PMAY announced by Prime Minister Narendra Modi during his address to the nation on New Year’s eve.
Middle Income Groups with incomes in the eligible range will get an interest rate subsidy of 3-4 per cent as part of the scheme named as Credit Linked Subsidy Scheme for Middle Income Groups - CLSS (MIG).
During his address, the Prime Minister had announced an interest subsidy of 4 per cent on housing loans of up to Rs 9 lakh for those with an income of Rs 12 lakh per year and of 3 per cent subsidy on housing loans of up to Rs 12 lakh for those earning Rs 18 lakh per year.
The scheme, part of the government’s ‘Housing for All’ initiative, will be initially rolled out for one year. Loans secured January onward are eligible for lower interest rates.

Here is all you need to know about the scheme:
* Loans either sanctioned or whose applications are under consideration since January 1, 2017, are eligible for interest subsidy under the scheme. Individual/s who already hold a house in their name cannot be eligible to be a beneficiary under this scheme.
* On Wednesday, 70 lending institutions including 45 housing finance companies, 15 scheduled banks, regional rural and cooperative banks signed MoUs with National Housing Bank for implementation of the scheme for the middle class in urban areas.
* Sriram Kalyanaraman, MD and CEO of National Housing Bank, said that interest subsidy of 4 per cent will bring down EMIs of beneficiaries by Rs. 2,062 per month on a housing loan of Rs. 9 lakh and interest subsidy of 3 per cent will bring down EMIs by Rs.2,019 on a loan of Rs.12 lakh, taking normal housing loan interest rate as 8.65 per cent.
* Interest subsidy will be provided on loans for construction/acquisition of house with carpet area of up to 90 sq metres for those with income of up to Rs 12 lakh per year and of up to 110 square metres for those earning between Rs. 12 lakh and Rs. 18 lakh per year.
* Under the scheme, the tenure of loan has been stipulated to be 20 years or that preferred by the beneficiary, whichever is lower.
* The total interest subsidy accruing on these loan amounts will be paid to the beneficiaries up front in one go, thus reducing the burden of Equated Monthly Instalment (EMI).
* The effective interest subsidy on loans over 20 years for Rs. 9 lakh and Rs. 12 lakh comes to around Rs. 2.30 lakh per beneficiary (the present value of interest subsidy provided to beneficiaries over the tenure of 20 year loan at a discounting rate of 9 per cent.)
* Beneficiaries eligible for interest subsidy under the CLSS scheme have to apply to their lenders for availing the subsidy benefit.
* National Housing Bank (NHB) and Housing and Urban Development Corporation (HUDCO) will reimburse interest subsidy to the lenders. No extra processing fee will be charged by the lenders from borrowers.
* Besides commercial banks, housing finance companies, regional rural banks, state and urban cooperative banks, other financial institutions like small finance banks and non-banking finance company-micro finance institutions can also lend under this scheme.

30/10/2017

GOVERNMENT APPROVES 1.17 LAKHS MORE AFFORDABLE HOUSES UNDER PRADHAN MANTRI AWAS YOJANA !

NEW DELHI: The government on Tuesday approved construction of 117,814 more affordable houses for urban poor under the Pradhan Mantri Awas Yojana (Urban) in six states with a total investment of Rs 5,773 crore and with central assistance of Rs 1,816 crore.

With this, the total number of affordable homes sanctioned under PMAY(Urban) so far has gone up to 1,760,507, with a total investment of Rs 96,018 crore and a central assistance of Rs 27,714 crore, according to a government release.

Minister of Housing and Urban Poverty Alleviation M Venkaiah Naidu has also asked the ministry officials to ensure that houses sanctioned are constructed quickly.

Karnataka has been sanctioned 31,424 new houses in 234 cities and towns, with Rs 1,222 crore approved as project cost with Rs 518 crore as central assistance. Around 30,247 homes have been approved under the beneficiary led construction (BLC) component and 1,177 houses under affordable housing in partnership component, taking the total number of houses sanctioned under PMAY (Urban) for the state to 146,466 so far.

Kerala has been sanctioned 11,480 new houses for 19 cities under BLC component, at a total cost of Rs 344 crore, with a central assistance of Rs 170 crore. The total number of houses sanctioned for the state so far under PMAY(Urban) has gone up to 28,236.

Other states like Madhya Pradesh has been sanctioned 27,714 houses, Bihar 25,221, Jharkhand 20,099 and Odisha 2,115 on Tuesday.(SOURCE: Times Of India)

30/10/2017

TOP 10 HOME BUYING TIPS :
Purchasing a home can seem like an overwhelming process. Especially if you are a first-time home buyer, it can be hard to know where to start. The following tips are here to help make your journey simple and easy.

1.Keep It Together:
Staying organized during the home buying process starts at the beginning. Make sure to create categorized folders (in print or online) that are organized in a way that makes sense to you. Use special stickers or notes to highlight any information that is important. Most of all keep all crucial documents easily to find.

2.Remain Calm, Cool and Calculated:
Before you begin your search, know how much of a mortgage payment you can afford. Taking a minute calculate this will help you to determine your budget.

3.Meet the Pre-Qualifications:
Get pre-qualified for your mortgage loan, before you start looking for your home. Take a moment to speak to your local Mortgage Consultant to ensure that you are looking at homes within your range. You will thank yourself later!

4.Have a Little Trust:
Having a real estate agent that you trust will put your mind at ease during the home-buying process. Ask family and friends for referrals or see if your Mortgage Consultant has recommendations.

5.Make a List, Check it Twice: Touring several houses can be overwhelming. Simplify the process by creating a list of exactly what you are looking for in your next home (a big master closet, walk-in pantry, etc.). Also make note of what you can be flexible on; don’t remove a house from your list for something that can be easily fixed (such as outdated paint).

6.Bill-It-Yourself: Enroll in auto-bill pay for all your utilities and bills. Auto-bill pay ensures you never miss a payment, making your life easier and stress-free. These programs also sometimes offer discounts!

7.All Filed Up: Keep a folder with all your new home documents and contacts like appliance warranties, bills, etc. You will need easy access to these – especially during the first few months.

8.Howdy Neighbor!: Getting to know your neighbours can help you feel at home much more quickly. Even a simple introduction after you first move in will let your neighbours know you are excited to be in the neighbourhood and even help you make a few new friends.

9.Be a (Rule) Follower: Make sure that you understand your HOA rules. This makes it much easier to comply with them and helps you to avoid paying those pesky fines. Also, attending HOA meetings allows you to stay informed and involved in any future decisions regarding your neighborhood.

10. You’ve Got Mail: Or you will, once you remember to forward it. Immediately contact the post office to forward and formally change your address to prevent important information from getting lost or stolen.

At On Q Financial, we are here to guide you through every step of the home buying process.🙏🙏🙏

29/10/2017

PAYTM BOSS TO BUY RS.82 CRORE LUTYENS' HOME !

NEW DELHI : Paytm founder and digital entrepreneur Vijay Shankar Sharma is buying a Rs 82-crore ($12.7-million) residential property at New Delhi’s Golf Links, one of the country's most expensive real estates.

Sharma has already paid a substantial advance after signing an MoU for a nearly 6,000-sq-ft property in the Lutyens' zone, though the transaction is not registered yet. The man behind India's second most valued internet enterprise, after Flipkart, plans to build a new home on the plot.

Sharma's peers and Flipkart co-founders, Binny and Sachin Bansal, have also made multi-million dollar residential investments in Bengaluru in the recent past.When contacted, a spokesperson of the Noida-based Paytm declined to comment on the matter. Global property consultants CBRE, an adviser to the transaction, could not be reached for comments immediately.

Sharma holds around 16% stake in Paytm after the company recently raised $1.4 billion+ from Japan's softbank at $7-billion valuation. This was one of the largest fund infusions in an Indian startup, which has seen a significant deceleration in the funding frenzy. Sharma is also a majority shareholder in Paytm Payments Bank with a 51% ownership.

Sharma is the youngest Indian billionaire in the Forbes list with a net worth of $1.3 billion. According to Harun India rich list, Sharma's wealth had surged about 162% last year, making him the richest entrepreneur under 40 years.

Sharma's buy isn't a really a big one in Delhi's elite real estate circles, but marks the entry of an internet billionaire into Lutyens' zone. The influential cluster covers about 3,000 acres with around 1,000 bungalows, out of which only about 70 are for private use. Real estate experts said Sharma was striking a reasonable deal as bungalow acquisitions have slowed down in recent quarters.(Source: Times of India)