More Indians will afford homes

The long-term outlook for the Indian real estate sector is bright. Urbanization, massive changes and increasing  cost will drive growth above the next decade. Nearly five million Indians move into cities every year. People are increasingly choosing to stay in nuclear family models with dual incomes, thus increasing each family extra income, and the demand for housing.

Symbol of the house and stick the key in the keyhole

The Narendra Modi government recognizes the value of real estate development to the economy and has made a lot of announcements that will benefit the sector. These types of include the aspirational Real estate for All by 2022 policy and the 100 Smart Cities initiative. The recent Union budget proved this focus as the government announced numerous plans changes to support the affordably housing industry. The government has also improved the regulations governing investment trusts and foreign immediate investment to promote better liquidity. It has also taken important steps to improve governance levels with the Real Estate  Regulation and Development Act, which will ensure that home buyers are protected and that the sector increases more credibility

The  government has a major role to play in setting a policy agenda that encourages both consumer protection as well as industry development. Real estate development could be a priority for the authorities for many reasons. First, the development,  second the major employment generator, behind only agriculture. Second, the sector is a significant contributor to the economy directly, and through ancillary industries such as cement, steel and paints. Third, there exists an acute housing crisis in the country, with limited housing and large sectors of urban India moving into slums. Lastly, the property sector is a significant earnings source for the federal government and can drive funding for significant infrastructure requirements.

Learn about our new villas in Kerala at: https://goo.gl/C52gC0

 

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

Never compromise on interiors- Part 2

Home interior lighting is one of the most important aspects in homes and should be balanced with its interior style, furniture layout, the wall colors and more important in conjunction with the natural light. Here are some tips on how to manage your lighting.

luxury villas in kochi

  1. Colour Management: Lighting can add or subtract the effect of wall colors and can also provide an illusion of enhanced space. Dark Colored walls will make the space look smaller and cramped and hence an enhanced lighting feature here can sublimate those colors and give an illusion of extra space.
  2. Directional Lighting: Lighting can be used either in a general or in a specified format, lighting is used to highlight a particular part of the house or a particular object in the house. One can use track lighting hanging from the ceiling, positioning it to focus on the area or object that has to be showcased.
  3. Functionality: Every light fixture used should serve a purpose as otherwise it would be a waste of electricity. Using chandeliers in big rooms, open spaces or in living rooms will not only look elegant but also provide right and bright illumination. Passage ways which are generally dark should have wall fixtures or vertical inbuilt lights to provide uncluttered light.
  4. Lighting Techniques: Lighting can be adjusted, manipulated, enhanced, or just be plain and simple but can certainly be customized. With various lighting fixtures and right techniques one can enhance a certain space. With regulators one can increase or decrease the brightness of lighting in a room to suit one’s mood, occasion or event.

At Lakeshore Gardens Luxury Villas in Kochi LED Lights are very design oriented with  various versions of the LED lights available, like hi-power LED strips, spots, direct and indirect lightings. At Lakeshore Gardens Luxury Villas in Cochin the compactness of the fixtures has enabled us to fit in the lighting in more concealed spaces, thereby achieving sharper trims and profiles. At Lakeshore Gardens Luxury Villas in Kerala with digitally controlled LED lights, it is possible to create a mood for sobriety or to bring in that quotient of drama.

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Never compromise on interiors- Part 1

 

Never compromise on interiors- Part 1

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Before we settle down in our newly constructed house the most important aspect that one must focus on is the interior works. Interiors have got various aspects to it. It is an ocean with innovativeness. Each of them wants their home to look different while comparing it with others. Since I mentioned earlier that it is an ocean of innovativeness, let me focus on the first aspect which is about UPVC windows and UPVC doors used by a well-known Builder in Cochin, Global Heights Properties and Developers for their upcoming villa project Lakeshore Gardens Luxury Villas in Kochi. UPVC windows and doors is the fourth generation material, after wood, steel and aluminium. UPVC windows and doors are better for heat insulation than wooden windows, especially resistant to color fading, attack of insects and fire.

At Lakeshore Gardens Luxury Villas in Cochin, UPVC windows and doors are created with consideration on evocativeness and functionality. At Lakeshore Gardens Luxury Villas in Cochin, our customers get a better quality of life because of the energy – saving and sound proofing by UPVC windows and doors, while its user friendly design presents the customers with an emotional satisfaction. At Lakeshore Gardens Luxury Villas in Cochin, our UPVC windows and doors are manufactured with state of the art technology to meet the highest quality standards. Hence the customers can rest assured at Lakeshore Gardens Luxury Villas in Cochin to get a number of unmatched benefits with our UPVC windows and doors. At Lakeshore Gardens Luxury Villas in Cochin, our UPVC windows and doors are termite proof, it requires low maintenance,  they are sound proof and they are also water and UV resistant. At Lakeshore Gardens Luxury Villas in Cochin the UPVC that we use has excellent thermal insulation, hence the customers can cut on the usage of Air Conditioners and heaters enabling them to save on electricity bills. With this list of advantages, the UPVC windows and doors at Lakeshore Gardens Luxury Villas in Cochin is indeed the best option for your Luxury Home.

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Luxury Villas in Cochin

Lakeshore Garden

The Luxury Villas in Cochin at Lakeshore Gardens is a development set in 5.5 acres of land with 8 meter wide roads and beautifully landscaped lush green gardens including ample water bodies and with manicured lawns. At Lakeshore Gardens Luxury Villas in Kochi, over one third of the total area is set aside for landscaping and common facilities.

The Luxury Villas in Kochi at Lakeshore Gardens has an area of 4534 square feet for Type A villas and 2912 square feet for Type B villas, they perfectly blend the ambiance of the green surroundings with the facilities that provide the convenience of modern living. At Lakeshore Gardens Luxury Villas in Cochin the Vastu compliant design ensures that there is ample natural light with breath-taking views of the surroundings.

People invest in villas to enjoy the pleasures of a garden that apartment projects of Skyline Builders or Kent Constructions cannot give. But most villa developments like the Prime Meridian cannot afford to give garden areas because of the space constraints. The thing that strikes the eye as one enters one of the villas at Lakeshore Gardens Luxury Villas in Cochin is the lightness of the structure and the way the greenery on the outside extends to the inside. At Lakeshore Gardens Luxury Villas in Kochi, from the front door one sees the pebbled garden between the living and dining areas. Apart from this both the living and dining spaces extend outwards into green areas that not only provide for sunshine but also make the rooms feel bigger. At Lakeshore Gardens Luxury Villas in Cochin the residents can enjoy the pleasures of a complete garden on the first floor where we have provided a terraced garden next to the master bedroom. At Lakeshore Gardens Luxury Villas in Cochin the terraced garden will allow residents the pleasures of a garden with complete privacy and security.At Lakeshore Gardens Luxury Villas in Cochin, since the garden is open-to-sky, it can also be used as a barbecue deck.

At Lakeshore Gardens Luxury Villas in Cochin the Type A villas has 3 floors, equipped with a home elevator; and Type B villas has 2 floors without an elevator. At Lakeshore Gardens Luxury Villas in Kochi every floor on both types of villas have been designed keeping in mind its functionality while providing a unique natural ambiance. At Lakeshore Gardens Luxury Villas in Cochin in order to provide many years of trouble-free living, Global Heights Properties and Developers one of the leading Builders in Kochi has employed years of experience to ensure that the quality of construction and the materials used are of the highest standards and complement the overall aesthetics of the villa.

Other blogs

Live a pollution free life

Get an Ayurvedic Healing at Lakeshore Gardens

Lakeshore Gardens: Care for Elderly

Beautiful Landscape in Cochin

Living On An Island

Luxury and Comfort Combined