Tuesday, 28 February 2017
If you are looking for a new home, an open floor plan with a seamless transition from the indoor space to the outdoor veranda is a great feature to include. Open layouts are becoming more and more popular in the recent times as they give the illusion of a bigger space, provide more natural sunlight and outdoor views, this overall creates a more safe and social environment. Some of the positive aspects we would like to make a mention of are –
Connection to the outdoor living space
Today most luxury homes make use of an open floor plan to create a connection between the indoor and outdoor spaces;they do this by expanding the indoor space outside to an expansive veranda. This result in a feeling of creating one large and connected space, eliminate any visual barriers or use floor to ceiling glass and use a similar flooring mat or rug in both the indoor and outdoor spaces. A veranda offers many benefits of its own;it can add value to a home and providing additional space and sustainability. There spaces shelters you from the heat on a hot day and can prevent the sun’s rays from heating up your home, which will decrease your air-conditioning bills.
By opening up a space and removing unnecessary visual barriers, the interior and exterior spaces appear much expanded and larger.
Increases more natural light
By removing extra interior walls to open up the space, the windows will bring more sunlight into the house and give you a better view of your outdoor landscape as well.
Trying to keep the guests occupied? Well, an open layout makes entertaining guests not only easier but also more enjoyable. If there is a party happening, you won’t miss a beat while cooking because you can still see and socialize with your guests, and with the flow between spaces, it gets a lot easier for voices to carry from the indoor living space to the outdoor veranda.
In regard to safety
If you have children running around all over the house then having an open floor plan in your home allows you to keep a close eye on them. Regardless if you’re cooking dinner in the kitchen or maybe just reading in the living room, you can still supervise your child who is playing outside or in a nearby room.
So yes, we need that open space in an apartment! Those big luxurious apartments with enough open space are just the ideal dream house that everyone craves for. So call us today or visit us on www.jainheights.com to visit our projects.
Sunday, 26 February 2017
When you’re looking at homes for sale in Bannerghatta road, C V Raman Nagar, or somewhere near Yeshwanthpur, certain factors top your list, they could be a large walk-in closet, a well-designed gourmet kitchen, or a private backyard. But what’s beyond the details of the house itself is your potential new abode’s neighborhood which will most likely be high on your list.
Maybe it is the community pool, or the nearby biking trails, or a walkability distance to elementary school or the grocery store. Or wait, it could be the overall curb appeal of the neighborhood on the whole. Who would not want their neighborhood’s entrance bursting with a welcoming feel, colorful flowers, and shrubs? So here’s a list of the neighborhood features that will satisfy your home-buying checklist and also boost your resale and property value in the future –
It is not that we drive or take public transportation everywhere these days, we do walk! But the truth is there’s something about being able to walk out your front door and head down the street to buy some groceries or to a local coffee shop that not only appeals to potential buyers but will boost your resale value significantly.
Whether you’re a youngster, corporate professional or a baby boomer, every homeowner wants to have the liberty to walk or bike to local eateries, bars, grocery stores, banks, and more.
The Luxurious Amenities
If the builders included a free pool in your apartment community, why wouldn’t you? I mean, homeowners love neighborhood amenities, right? Typically, new home communities offer pools, fitness facilities (gym aerobics and other areas of maintaining fitness), and parks and play areas, and also the well monitored security and gates. Amenities like tennis courts, walking and biking trails, and dog parks are simply incredible things to boost a home’s value, especially for families hunting for one.
Added Historic Charm
The historic character of a neighborhood adds a good portion to its resale value, as it is a feature that is difficult to replicate or create all over again. Many times, historical districts will aim to maintain a certain level of uniformity and have community commissions that help in the perseverance of the neighborhood aesthetic that in turn will help preserve values. So this indeed is a selling point or for new buyers a point to flaunt.
Uniqueness of Homes
Nobody wants to choose from the four models a builder offers, this is why neighborhoods offer you the choice of semi custom or custom homes and this at times holds a better resale value that other ones don’t.
Areas with custom and semi custom homes tend to show larger increases in value over time. More astute buyers ask for unique homes with character that adds to the charm of the neighborhood. In this case, buyers are more likely to own the property for longer periods of time, creating fewer turnovers in the neighborhood.
Schools and Colleges
In most cases, this does matter a lot. Indeed, it almost goes without saying that if a neighborhood is located in a great school district, it immediately boosts a home’s value. Say, if a home is in a quality school district, the surrounding communities tend to not only retain their value but appreciate it as well. All parents want to gift their children with quality education and when you live in a community that is close to a great school then why would you switch homes?
No matter which country, state or district you live, it is very mandatory and basic to have a great neighborhood. This, on the whole, increases your property value and your lifestyle as well. For more insights regarding properties and homes, please visit our site www.jainheights.com
Wednesday, 15 February 2017
The Union Budget of 2017 has been promising so far, it continues the economic reforms, control inflation, and prudent fiscal management. Moreover, it provides little impetus in the short term for the real estate sector other than just a boost to the affordable housing segment.
The infrastructure status on affordable housing and tax relief for real estate developers are getting to see the positive steps, however, this is not going to help short term sales. The government has provided up to Rs 12,500 income tax benefit to individuals, this is insufficient to provide the demand side push to the sector.
So here are few Budget proposals that we like to bring to your notice that brings the influence and the realty sector going ahead –
1) Infrastructure status to Affordable Housing, the boost for affordable residential sector
The impact of Union Budget 2017-18 has granted the much-demanded ‘Infrastructure’ status to the affordable housing. This decision is well aligned with the government agenda of ‘Housing for All by 2022’. Also, this will allow easier access to capital for developers, at a lower rate with a longer amortization period. This eventually allows developers access to viability gap funding and the tax incentives. For the affordable housing purpose instead of the built up area of 30 and 60 sqm, and the carpet area of 30 and 60 sqm will be counted. This will, however, apply only in case of municipal limits of 4 metropolitan cities, while for the rest of the country including the peripheral areas of metros; the limit of 60 sqm will apply.
The time period for such projects has been extended from 3 to 5 years by the government. Most buyers of affordable housing got a boost with the announcement of interest subvention, 4% and 3% on loans up to INR0.9 million (USD13,318) and about INR1.2 million (USD17,758), respectively. The proposed deduction of the IT rate to 5% for taxpayers below the income level of INR0.5 million per annum (USD7,400 million) will increase the disposable income of the common man which will, otherwise, raise spending power and increase investment in the affordable segment.
2) 10 million homes to be built by 2019 for the homeless and those living in kutcha houses:
Home for all is the concept, making the basic needs of life come alive. To stimulate the rural housing sector in India, about INR230 billion has been allocated under the Gramin Pradhan Mantri Awas Yojana (GPMAY). This began in the motive of promoting affordable housing not only in cities but also in rural areas.
At present the housing sector is active mostly in Tier-I and Tier-II cities in India; so this scheme will not only provide necessary housing to the poor but also promote the residential sector in other rural areas.
3) Tax breather for notional rent income on unsold, unoccupied or completed projects
At present, most houses that are unoccupied after getting completion certificates are subjected to tax on notional rental income. Builders for whose constructed buildings are stock-in-trade, the rule will be applicable only after one year of receiving the completion certificate from the government. The law will provide some breathing time for developers to liquidate their inventory; this indeed takes the pressure off their shoulders.
4) The National Housing Bank (NHB) will refinance individual housing loans of about INR200 billion (USD3 billion) in 2017-18
The demonetization drive almost coming to an end that started in 2016 has resulted in surplus cash within the banks; allowing major banks across the country to lower their lending rates.
The decrease in lending rate will be welcomed by not only new homebuyers but also will be a reason to rejoice for homebuyers who have already taken a flexible housing loan. This refinancing scheme from the NHB will improve the sentiment of current homeowners, for those subjected to high lending rates in the past.
5) Foreign Investment Promotion Board (FIPB) is under abolition
Lately, in the last two years, the government has implemented many reforms to encourage Foreign Direct Investment (FDI) in India. In fact, more than 90% of the total FDI inflows currently take place through an automatic route; hence the government has decided to do away with the FIPB in 2017-18.
This is in conjunction with the government’s understanding to further liberalize the FDI norms and attract foreign investors. Under this automatic route for FDI, all foreign investors will not require any prior approval from the FIPB and will only be subject to laws defined for each sector accordingly.
So the bottom line, it was indeed a positive budget for the sector and the government has done great to create awareness for the need to increase tax compliance. However, demonetization was a temporary strike at the economy and it may bounce back anytime sooner.