What are the positive aspects of open space in an apartment?

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.

Spacious

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.

Entertainment

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.

5 neighborhood value that boosts any property value – Jain Heights

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 –

Walkability Factors
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

Government plans to restructure the infrastructure – Jain heights

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.

How Should You Take Advantage of Real Estate Amenities?

There are many housing communities and builders who offer a wide range of extra privileges in the area and for the individual homes as well. At times, these real estate amenities can give you an added advantage because they are options you will not have to pay for later. Here, you should pay close attention to how well they work.

Some very important amenities that needs a check are – 

Swimming Pools

If there is a swimming pool, and of course there will be! Then you need to walk around the entire pool and look for cracks that may be forming or have already formed in it. In case there are in-ground pools, they may have tiles that you need to take a look at. If pools are above ground, you should check the outer rims for any leaks. Eventually pool repairs can be expensive so it’s important be sure and check them out before making a final decision.

Proper Fencing

Fences are included in the amenities list in almost all real estate properties, and checking this is just as important as anything else. Make sure the wood or steel cage fencing is of good quality and does not have any signs of wear or rot. If you are moving into an already built residence, then you may have to ask how old the fencing is and the type of materials that were used. Just like swimming pools, fencing can also be of great expensive to repair, so check them thoroughly.

Irrigation System

If there is an irrigation system that comes with your new home, you also want to take a very close look at this. Ask the seller to run the system to make sure that it works properly and that there are no areas that are broken or damaged in the system.

The Landscaping

Landscaping areas that are already set up are the important areas that you specially need to check. Most of these areas may look okay from afar or top, but up close can be a little different. Enquire about any recent home landscaping and if there were issues noticed that they came across while doing it.

As you can see, it's very important to make a final check on all amenities like the above mentioned and also of other entertainment and lifestyle amenities in your apartment before signing on the dotted line. It is advised to stay cautious and do the research ahead of time so you won't be disappointed. 

Check for Jain Heights homes that are luxurious and also carefully constructed for a satisfied deal. Visit www.jainheights.com

It’s a good time to settle down!

We are witnessing the verbal slugfest among the government and the Opposition as well as the woes of the common man who has been a victim of hardship ever since the Modi government scrapped the higher denominations of the currency notes (Rs 500 and Rs 1,000).

Here, the banks are poised to reap the benefits in many ways. Compared to other gains, lenders are set to see their CASA(current account and savings account) ratio improve substantially with minimal effort giving them enough room to make borrowing cheaper.

Lately, nothing has changed here. As far as the interest of people to buy homes or to locate a property still continues to be very good enough. But of course, it’s a wait and watch period for the time being.

You must always know that whenever there is a talk about property prices or interest rates coming down, every buyer waits. We don't think property prices are going to crash, but having said that, most of the loans today are on a variable rate basis depending upon the lenders. So, even if the rates do come down after a couple months, the customers still get the benefit of it.

So, we assume it is a short-term phenomenon. Our need, our requirement, our (housing) shortage is inclined very much that people will not wait more than 3-4 months before they start rushing back to it.

As the RBI cuts interest rates, and if you are looking to settle at a permanent residence to live in for a longer time, then there is no time better than today. Seeing the population of our country and the rate at which urbanization is happening if you were going to be a real user of the property, then you should never ever put back your decision by years. As far as the situation speaks, we are convinced that the middle income and the lower income India has a long way to go, the sooner you buy the property the sooner you save your rent for the better.

Visit www.jainheights.com for more insights on guiding you how and when to buy our properties.

The RERA implication in the Real estate industry and its impact on customers and developers - Jain Heights

One of the most significant regulations is that the Real Estate Regulatory Act (RERA) has been preparing for some serious changes in this sector. RERA aims to bring in a regulated system for sector’s growth, be it for the developers or for consumers.

The only thing that is static is the change, this remains a very famous saying and currently, every stakeholder in the real estate sector agrees with it. This sector witnessed significant regulatory changes in the recent past that are poised to define the future of the sector.

According to study, it is evident that the sector will be heading towards forming a more transparent, competitive, value offering, hassle-free and definitely consumer-focused environment. Though these appear very promising in the whole, but the execution is what will define the actual course of these changes.

RERA, undoubtedly, has been the biggest reform till date, which has come in real estate sector recently. The announcement of this law has received mixed reviews both from developers as well as home-buyers. This act has precisely encapsulated the features to safeguard the interests of homebuyers completely but in doing so it has also proposed certain changes that may likely impose to financial challenges on the developers’ side. Jain Heights believes in promoting transparent transactions and documentation among its customers to have a very loyal database in future days. Having done many successful projects in the modern times, we are always looking forward to building a better tomorrow in terms of service and quality of our offerings with respect to the current scenario.

For example, RERA prescribes that every project needs to be registered with the Authority disclosing all relevant information and documentations pertaining to the property, like the details of promoters, sanction plans, the number of units with carpet area, etc. This is ensured and followed as developers by us to practice safe and legal business and we thereby do not commit beyond their reach and are accountable to what we have committed during the actual sale proposals. This is done in order to safeguard the capital of the consumer and ensure that the project does not get delayed. Commitment on Carpet Area states that a homebuyer has to pay only for the actual useable area and not as per super-built up area is what is currently being followed. Moreover, this will clear the intentions with respect to what a homebuyer is paying for and make their transactions transparent.

One thing that is clear from the government with the introduction of the act is to make sure that the projects are delivered on promised time. This incident has however missed addressing one major hurdle in the path that accounts for the delay in sanctions and plan approvals. It is to be noted that all delays are not from developer’s end. The sanctioning and approving team play a major role and thus need to be brought under its ambit if government genuinely chose to achieve its goals. The bottom line here is that the state government has the opportunity to amend the act, if they look at developers in the same priority as customers do, this will eventually lead to the successful execution of projects.
This overall scenario is looking good for the medium in the long run for businesses and consumers. But on the short run, this would mean a lot of transitional difficulties for businesses. It would literally spell doom for a lot of developers and the market would witness lot more consolidation.

Check for more trending and interesting articles on www.jainheights.com

Life in Yeshwanthpur, when luxury is the purpose – Jain Heights

A location that consists of more than anything you can ask for, our Grand West project in Yeshwanthpur is located in one of the prime locations in Bangalore. Yeshwanthpur, where our Grand West is located, is closely surrounded by the city’s top hotspots like the Orion mall, WTC, Iskon temple and much more of such easily accessible places. The presence of Colombia Asia hospital, M.S Ramaiah Hospitals and medical college along with few more highly recognized colleges makes this place ideal for healthcare and educational persuaders. 

These highlighted locations near Grand West like the metro cash and carry for all your shopping needs, Yeshwanthpur railways and metro for easier and quicker commute, the TajVivanta, Columbia Asia Hospital, Brigade Orion for those weekend shopping and Iskon temple for the divine blessing of Lord Krishna makes for a perfect life amidst the busy city.

Living in Jain Heights always comes with world class amenities and luxuries, to mention a few on the ground level; we have the basketball court, swimming pool, jogging track and the most refreshing landscape. You must be wondering this is what all apartments provide; well, in this case, we have added the most luxurious touch to all of our amenities to make you feel the utmost comfort of living in a posh environment. On the sky deck, we have the yoga room, meditation place, and an organic terrace garden. Grand West also comes with the top class coliseum and club house which will surely add the element of entertainment to your family and you on those cozy weekends.

All we want to conclude is that our Grand West Project from Jain Heights is a perfect pick for a place to settle and relax in the forthcoming days of future. Enquire with us for more details on www.jainheights.com.