Do you know top rental destinations in Jaipur

Jaipur, the city known for its cultural heritage, is now emerging as one of the top real estate investment destinations knowing to its all-round growth. The city has a flourishing tourism sector; growing auto, textile and electronic manufacturing hubs; and emerging IT and education sectors. These fast growing sectors have called for employment generation, accelerated industrialism and commercial development in the city.

Strategically located at the confluence of three national highways — NH-8, NH-12, and NH-11 — the city is also witnessing a plethora of social-infrastructural projects including Jaipur Metro, Rapid Transit Rail project, Ring Road, Mahindra’s 3,000-acre Special Economic Zone and Reliance Mega City development plan. These developments have worked as a catalyst in making the city a lucrative destination for real estate developers as well as investors.

Villas vs Apartments: What’s your type?

A home is one of the most expensive things that you will buy in your lifetime. With so much at stake, it's necessary that you choose carefully and make a wise decision. While there are many variables to well upon when buying a home, one of the first things you need to decide on is whether to choose a villa or an apartment. You may have some preferences for either villas or apartments, but if you are reading this, you are probably still undecided about which one to choose. The villa vs. apartment debate is an endless one and it's tough to decide which one since both options have their own distinct advantages and disadvantages. Here are some key factors you need to consider before finalizing your decision for a villa or an apartment.

Affordable housing: A Key Focus area of the Government

To promote affordable housing in India, the government is taking corrective initiatives lately. The property prices have escalated substantially over the last few years due to which home buying had become an affordable proposition. To meet this demand gap and to provide ‘Housing for All by 2022′, the government is focusing in this key area at present.

On December 31, 2016, the Prime Minister announced to provide rebates on home loans under the Pradhan Mantri Awas Yojana (PMAY). This move has come at a time when the real estate in India is reeling under the pressure of a slowdown. Having said that, the government has even made sure that it would monitor builders in order to fast track project completion and ramp up Indian real estate growth. Under PMAY, the government is providing 4 per cent subsidy on the interest rate for home loans of up to Rs 9 lakh, and a 3 percent subsidy on home loans of up to Rs 12 lakh. Through this step, it has indicated that the key motive of Modi government is to promote affordable housing in India.

Factors that impact our home loan eligibility

Home loan is the easiest way to buy a home. Prior to clearing your loan, banks and NBFC are considered as a complete set of home loan eligibility criteria. Let us look at the factors affecting your home loan eligibility.

Age

The younger you are the more secure banks and NBFC feels to grant you a loan. Usually they need you to have at least 10-15 years on your side, before your retirement approaches. Age will also play an important role while deciding the tenure of a loan and it will directly co-relate to your eligibility amount. For example, if your monthly income is 40,000; your loan eligibility for a 20 year tenure based on 10.50% ROI could be 18,00,000. Now if you have just 15 years left for retirement, this tenure will come down to 12-15 years, and based on the same ROI and income your eligibility will now be 14,60,000 for a period of 12 years.

Everything you need to know about home insurance

What is Home insurance?......

Home insurance is an umbrella term which covers both buildings insurance and contents insurance. Buildings insurance covers the actual bricks and mortar of your property, plus any fixtures and fittings, while contents insurance covers all the belongings in your home.

What does buildings insurance cover?

Buildings insurance usually covers you against damage to your property from the following:
1. Fire
2. Floods
3. Storms
4. Falling trees or branches
5. Vandalism or malicious damage
6. Impact from vehicles
7. Subsidence

What does contents insurance cover?

Contents insurance generally covers your belongings against:
1. Theft
2. Fire damage
3. Flood damage
4. Earthquake damage
5. Vandalism

How to made a dumb house to a smarter house and some thoughts of expertise.....

Don’t Think of a Home as Your Main Investment

People tend to believe that homes are appreciating assets, but this isn’t always true. Yale economist and Nobel prize winner Robert Shiller debates this topic openly, having crunched the numbers. He says that, overall, the housing market doesn’t have a great long-term return.

While that single real estate asset might help protect you against inflation, a well-balanced stock and bond portfolio seems to be a better investment. But a lot of people’s portfolios are mostly made up of their home value. You wouldn’t put 80 percent of your portfolio in a bond simply to protect against inflation (unless maybe you were nearing retirement) so why would your home make up that same amount? That’s the argument against buying a home as an investment.