2017 is the best year to buy home

Over 1.66 crore applications for various credit linked subsidies for housing loans have been received through various channels by the government in the past few months. In a country where online internet penetration is a mere 37% overall and 62% urban, this data available with the Ministry of Housing and Urban Poverty Alleviation shows that digital access is not an issue. It may require some facilitation. However, that too, provides job opportunities and therefore, is a good economic activity to pursue.

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The Housing Ministry’s effort to dovetail finance availability into the Prime Minister’s vision of a livable house for every Indian family by 2022. The interesting thing is that while earlier it was housing shortages that were being computed, today the extent of subsidy sanctions are being touted. So how does every citizen avail the sanctions? The government announced in a previous budget offered a 6.5% interest subsidy to be credited into the borrower’s account for the first Rs 6 lakh of loan availed for buying a house of 30 and 60 sq m carpet area. The With the inclusion of family income of the buyer was to be within Rs 6 lakh. This amounts to a net subsidy of 21% for the applicant. The Prime Minister’s announcement on December 31, 2016, that two new credit subsidy schemes for the middle classes, MIG 1 & 2, was also announced ensured that the net was widened further. Now those with upto Rs 12 lakh annual income could avail of the housing subsidy of 4% and those with annual income levels of Rs 18 lakh could avail of subsidy levels of upto 3%. On this loan the borrower is eligible for a subsidy of 3% on the first Rs 18 lakh, if the loan has been availed after January 1, 2017. This effectively brings the rate of interest down from the existing 8.5%. “This makes it the best time to buy an affordable house in urban India.

Come 2018, all the incentives may not exist. Therefore, it is a good time to buy now if you don’t own a house at Lakeshore Gardens. Read more at: Luxury villas in Cochin

5 Reasons to Invest in Real Estate

 

how-to-invest-in-real-estate-image1Now Kerala being a well known tourist destination, the property costs are heightening every day; other main considerations adding to the spiraling rates could be the various up and coming government ventures including airplane terminals, seaports and additionally the metro rail being gotten ready for Kozhikode and Trivandrum, beside further extension of the one in Kochi. These three noteworthy urban areas are likewise pulling in individuals and real estate brokers are not a long ways behind in offering them present day homes and workplaces with all the most recent advances close by. People hurry to make their investment into land in Kerala has additionally pulled in the deceitful operators in this line of business, to such an extent, that the government has ordered a mandate to direct land in the state; making Kerala just the second state after Maharashtra to institute such a law. Kochi keeps on being the favored decision for most NRIs. The reason behind this includes the connectivity, accessibility of good schools, hospitals, colleges and additionally the employment opportunities.

5 major factors that will continue to drive investment into emerging residential real estate.

1. Bullish Economy Stimulates High Demand

India has been demonstrating an over 7% growth rate, much higher than the global average that is in tune of 2-3%. Although Chinese economy has cooled down, when compared to the double digit growth rates that has been a norm over the last decade- the country is expected to grow at 6.5 & 6.0% respectively in 2017 & 2018. It is substantially higher than most if its counterparts in the developed world.

2. Higher Capital Appreciation & Rental Yields

Higher economic growth trajectories are inducing increased demand for real estate properties in emerging markets, thereby ensuring better capital appreciation & rental yields. . With higher growth forecast & lowering of housing loan rates, markets are soon expected to pick up in India.

3. Rise in Credit Growth

Expansion in the credit markets in the emerging economies will further accelerate the growth of the housing sectors. According to IMF report on credit growth, that has captured the annual credit growth in 45 major economies in Q3, 2016- emerging economies hold a dominating position. As seen below, 4 out of the top 5 countries are from the emerging world.

4. Expanding Middle Class & Favorable Demographics

In conjunction with steady economic growth & expanding credit market, the rising middle class could be a perfect ingredient for an exponential rise in the housing industry. With more number of middle class populace reaching maturity, the demand for housing will remain high in the emerging economies. In India the total volume of Middle class stands at around 5% of the total population, but it is increasing steadily & is expected to reach 200 million by 2020.

5. Unfolding Reforms Will Ensure Safer & Fairer Practices

Till recently, real estate industry in most of the major emerging markets was unstructured with low levels of transparency. Investing in such markets was termed as a high return & high risk affair. However, notable steps are being taken by the government to promote transparency, limit the role of speculators & ensure hassle free transactions. These initiatives-manifested through heightened digitization & wider policy level reforms will be a major game changer in the emerging real estate industry.

See our new ongoing villa project in Cochin: Villas in Kochi

It’s the Right Time to Invest

Experts trust that purchasing property in a drowsy market, when rates are steady and there is sufficient stock to look over, can turn out to be a fairly decent venture. On the off chance that you arrange funds productively, reimbursing a land credit is less demanding. On the off chance that any speculation is there which requires a lot of readiness and relentlessness, it is most likely the land venture. The sum included is enormous and an extraordinary tolerance is essential.

The rate of advance sum could shift from individual to individual, yet the share of credit has a tendency to be well in the locale of 70 to 80 percent. Lately, financing costs have been exceedingly unstable and subsequently, the EMI is probably not going to stay steady till the advance reimbursement. Here are a portion of the tips to help you deal with your land back agreeable.

Increment Margin Money:

Increment your edge cash as right on time as could be expected under the circumstances. Despite the fact that a land fund helps you in staying away from expenses, the advantage has a point of confinement of 1.5 lakhs. In the event that you pay a higher EMI and higher intrigue, it won’t profit you. Subsequently, keep the credit to the base.

Figure EMIs:

Before you join a home advance, get rationally get ready for EMI. This will help you in dealing with the credit risk without breaking a sweat. The best alternative is to keep aside the EMI aggregate as month to month investment funds. It won’t just permit you to spare an amount for your property buy yet will likewise help you to be readied when you choose to take advance.

EMI Percentage:

Your land back ought to accord to your reimbursement capacities and the EMI ought not surpass more than 50 percent of your month to month wage, since you likewise require stores for your everyday costs and crises.

Precise Estimate:

Never obtain your credit in view of your future wage as it could possibly emerge. Many have a tendency to trust that their pay rates would consequently ascend following one year and takes their advance for 60 to 70 percent of their month to month pay. It is ideal to have an exact gauge for EMI for reimbursing the land fund without much strain.

See more about our new project : Villas in Cochin

Demonetization – A booming period for Real Estate Investors

Will Demonetization affects Real estate???

Currently there is a lot of discussions and debates are going on this topic. The demonetization was a very essential   step which was bound to bring with it a remarkable shake-up wherever black money plays major role. It turn present situation into where people do business with integrity only can survive. Real estate sector remains unaffected by the demonetization of higher value currencies of 500 and 1000 notes. It will emerge stronger, capable of long period sustainable growth. It is true that the enquiries with property developers came down after the announcement of demonetization by the prime minister.

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But things have been improved and there is a hope that demonetization will help bring down interest rate and cut down the cash transaction that is a blame for unrealistic price of lands. This move will bring the much need correction in land price. With this step of demonetization, banks are going to flushed with approximately 15 lakh crore and it compelled to lend aggressively. So they will have to lower the interest rates.

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The possible correction in the land price will also be an opportunity for builders to focus on affordable housing as the in Kerala we need 12 lakh houses. There is al large pool of home buyers will be able to avail loan to buy homes. The housing industry in India starts to a rapid growth with the increasing transpancy and credibility.

Currently the real estate market is at the best possible price point. Now it is the best time to invest in real estate in India which guarantees much safety and return at minimal risk.

Check our new project here: Luxury villas in Kerala

 

Waterfront villas in Kerala

Why most of the people prefer waterfront villas in Kerala. ?

Kerala is the the best known place for backwater tourism. To exploit this wonderful opportunities many of the builders choose waterfront properties to make their flat or villas in kerala. Kerala is a standout amongst the most gone by Tourists Destinations in India. It is considered as ‘God’s Own Country’ in view of it lavish greenery, quiet lakes and coconut palm bordered shorelines. The beauty of the nature can be delighted in a better way by cruising over the lakes on conventional house water crafts.”Nature is the special gift of God” and it is demonstrated by its advanced regular environment. Most of the people visiting kerala to enjoy the beauty of nature they can do different water sports as it is likewise famous for adventure water games.

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Lakeshore Gardens presents  an amazing lakeside getaway that is the ideal spot to unwind on the waterfront with sufficient open doors for water diversion like fishing, swimming, canoeing sailing, and backwater cruising. Visit us to know the waterfront amenities at our villas in kochi on : https://goo.gl/2jGVZl

Enjoy The Real Luxury of Villa Living in Kochi

Earlier people from Kerala are said to be found in each side of the world. The explanation for that was there were no adequate chances of livelihood for various knowledgeable individuals in Kerala. This made individuals to move towards Arab and America countries to set up their vocation there.  Now things have changed sensibly with money related development and better job outline in Kerala particularly in significant urban areas like Kochi. This made individuals returning to Kerala and choosing to settle in urban areas crosswise over Kerala. Kochi was the significant focus of the vast majority of those individuals primarily because of it’s make over as an IT and Industrial center point of Kerala. Individuals who chose to settle in Kochi are thinking about villas  in Kerala as better choice contrasted with routine houses.

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Presentation and development of mechanical part supported potential outcomes of kochi as best alternative for private tasks like villas and apartments. There are a few prepared to possess condo and extravagance villas in Kochi. New villa units in Kochi are evaluated to reach around 100,000 in the coming couple of years.

Land Investments in Kochi are promising considering the way that real ventures like Smart City, Info Park in Kakkanad is required to give a colossal piece of livelihoods crosswise over Kochi in coming future. Also, this prompts interest for more villas and flat emerging regular. That is the reason that makes builders in kochi to present new extravagance loft extends crosswise over Kochi.

The realty costs are out of this world in prime areas crosswise over Kochi and this tends individuals to glance around for villas in cochin. The solace gave by prepared to possess extravagance pads in Kochi is past desires and that makes individuals select them without a second considering. Another real fascination is the guaranteed gives back that is offered by lofts in a city like Kochi. Regardless of the possibility that you are not wanting to begin living in your loft you purchased in Kochi there is dependably a choice of leasing them and win and convenient income.

Request is high for those flat ventures offering close comforts like schools and enterprises. Those with better luxuries are considered as prime areas for picking your luxury villas in cochin. Late advancements of transportation like new streets and Kochi Metro most importantly makes Kochi a simple to interface area and this makes increasingly puts ideal for living.

Kochi-Beautiful and calm place to live

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Far from the unruffled calm of Thiruvananthapuram is Kochi, the state’s business hub. Kochi was once a tiny fishing village on the banks of a small estuary. But when the Periyar river flooded it opened up the estuary, creating one of the finest natural harbours in the world. This marked the beginning of a long and prosperous history of maritime trade. In 1405, Kochi city became the capital of the regional kingdom of Kochi, resulting in a further rise in status. It became an important port of call for merchants and a coveted base for European powers.

Today’s Kochi is an amalgam of several erstwhile towns and villages , encompassing Ernakulam and Fort Kochi on the mainland and a cluster of islands on the Vembanad Lake, namely Willingdon, Mattancherry, Vypeen, Vallarpadom, Gundu and Bolgatty. At Kochi’s centre lies Ernakulam, once the capital of the Kochi rajas, today pulsating the rhythms of commerce. Shopping malls, skyscrapers, trendy eateries, soaring property prices, cosmopolitan crowd are testimony to the fact that Ernakulam is the embodiment of contemporary Kerala. Fort Kochi, on the other hand, harks back to bygone days, with its narrow lanes and colonial buildings built by the Portuguese, Dutch and the British.

Mattancherry attracted Western invaders, traders, missionaries and refugees from across the seas as well as migrants from the north. The result is an admixture of native Malayalis, Saraswat Brahmins, Kutchi Muslims, Jews and Latin Christians, each stamping its own ethos on the region’s parchment of cultures. Willingdon Island, made from the earth dredged from the sea when the Kochi harbor was deepened in 1928, houses the Cochin Port Trust and the headquarters of the Naval Command, making it the nucleus of all maritime activity in Kerala. The islands of Vypeen, Vallarpadom and Bolgatty are reminders of Kochi’s colonial past, with ancient Portuguese churches at Vypeen and Vallarpadom and a pretty palace built by a Dutch trader at Bolgatty.

Lakeshore Gardens Luxury Villas in Cochin is located on the island of Cheppanam in Panangad, by the banks of the Vembanad Lake. Cheppanam, is an island set in the waters of the Vembanad Lake, just off the coast from Panangad. The island is a riot of green colour with an abundance of coconut palms and lush green mangroves surrounded by the deep emerald green waters of the lake. Cheppanam is quickly becoming the preferred location for many of the tourism projects that are envisaged as part of the development of Panangad.  Lakeshore Gardens Luxury Villas in Kochi promises a lifestyle of unmatched luxury in the lap of pristine surroundings. At Lakeshore Gardens Luxury Villas in Kerala, the development combines the best of a seven – star waterfront resort with the convenience and freedom of an ultra-luxury homestead. Situated close to the national highway, Lakeshore Gardens Luxury Villas in Cochin, is just a 15 minute drive from Vyttila and a half hour drive from MG road. Lakeshore Gardens Luxury Villas in Kochi, offers you the best opportunity to make this idyllic island in the city of Cochin the location of your home.

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