Author Archives: akshay

4 bhk 6500 sq feet available for lease on Palm beach road

Available on lease :

6500 sq feet 4 bhk apartment on Palm Beach Road.
Carpet in excess of 3500 sq feet.
High floor.
4 stilt car parkings.
One apartment per floor.
Italian flooring.
Centralised air conditioning.
Modular kitchen and wardrobes.

Available for long lease from Jan 2018.

Right now apartment is getting furnished.

Available for lease to only multinational companies.

Please revert back with inquiries.

Akshayargade.com
9920332593

4 Tips To Manage Home Loan EMIs

Home-loan-interest-2Buying a new home? Then, home loan is one of the components, which helps to fulfill your life’s goal of owning a dream home. It is a long-term financial commitment that a buyer has to make as it includes repayment of the principal amount and payment of the interest on the outstanding amount of your home loan. Just like the processing and confirmation of of home loan takes a lot of time, similarly managing the financial burden is also nothing less than a headache. If you’re buying a home in Navi Mumbai & looking for ways to get your home loan management right, then below are some of the tips you should pay attention to:

  • When you are moving into a new home, it involves a lot of expenses right from interiors to other hidden costs. It may become difficult to manage EMI. Hence, it is better to use a home loan EMI calculator which will help you make an informed decision. The calculator helps to save time by giving you an exact number of monthly amount to be paid. You will get a fair understanding about the ratio of the principal amount to the interest based on the effect of the home loan tenure and interest rates.
  • If you’re looking to reduce loan tenure, you can use your fixed deposit or prepay a large amount of loan partially. Some banks allow partial repayment of home loan starting from Rs.10,000 and the banks do not impose any charges for it.
  • As a home loan borrower, you can opt for a higher EMI option. An accelerated repayment will ensure that your loan gets repaid faster, thus giving you an advantage of interest savings, as well as tax benefits. If you decide to go for a higher EMI option, make sure that have evaluated banking charges and the amortization schedule (this is basically a table giving you a detailed periodic payment information of typically a mortgage).
  • When managing home loan, affordability of an EMI matter. Though short loan tenure looks seems interesting, but a higher EMI amount can definitely cause a financial burden. Hence, always remember to keep affordability as a primary factor when choosing your loan EMI amount.

While managing monthly installments of home loan, make sure that you’re is not listed under special mentioned account (SMA). This usually happens when the loan amount remains outstanding for minimum 30 days and maximum 90 days. Hence, ensure that you’re repaying a home loan on a timely basis for smooth management of your financial burden.

If you’re looking for a property in Navi Mumbai or Mumbai, get in touch with Akshay Argade, where you will find luxurious and affordable properties in Navi Mumbai and Mumbai.

Rodas enclave Hiranandani Thane

 

Dear Investors,

Available for Re–Sale : INVESTORS STOCK at Rodas Enclave at Hiranandani Estate, Thane.

• Basilius : 5 BHK + SQ, 5245 Sq.ft

• Leona : 4 BHK + SQ, 3145 Sq.ft

• Royce : 4 BHK + SQ, 2890 Sq.ft

• Marvela : 4 BHK + SQ, 2145 Sq.ft

• Clayton : 3 BHK + SQ, 1650 Sq.ft

• Arlington: 3 BHK + SQ ,1650 Sq.ft

O C Received.

Ready Possession Apartments.

For price, inspection appointment and more details contact:

Akshay Argade +91 99203 32593

What precautions you should take with the rising building collapse in Mumbai?

Lately, there have been many cases of building collapses, which is badly affecting the real estate market of the city. The alarming rate has bought under the radar the poorly constructed structures and the old buildings that require immediate attention from the government authorities.

Let’s get to know the reasons behind the recent collapses:

  • Poor construction on part of the developers
  • Using land illegally to develop buildings
  • Violating real estate policies
  • Construction done in haste
  • Lacking required approvals & certifications from authorities

The reason that locations like Thane, Dahisar, Ghatkopar and other towns have seen destruction of such structures is the rising population and land shortage in the metro city, which giving opportunities for bogus developers to construct modern building with poor materials.

To ensure that you do not get entangled in such situations, here are some precautions you can take:

Look for earthquake resistance properties:
hqdefaultNow-a-days, almost all builders are constructing properties which are earthquake-resistant that makes a structure capable to withstand seismic waves. Earthquake resistant buildings are often fitted with bolts in the foundation. One can also consult an engineer for inspection of home to know if the home is earthquake resistant and safe.
When it comes to checking the legal foundation of a property, you can ask to the builder/developer for a foundation certificate of a property.

Beware of construction land & area:
map-mumbai-new-01Residential properties constructed on commercial zone are considered illegal. To examine land record, you can seek help from RTI, as well as obtain details from online portals of state governments. Moreover, builders are required to get structural design cleared from authorities & certified from registered structural engineers.

Check for legal approvals:
housing-approval-from-councilIn case of under constructed properties, it is mandatory to evaluate approvals and certifications, including sale deed (a proof of sale), mother deed (helps to trace antecedent ownership of the property) certificate of commencement, NOC, Booking form, allotment letter, BBA, completion certificate, occupancy certificate, encumbrance certificate, among others.

Building codes:

BuildingCodesBefore a prospective buyer decides to invest in a property or buy a new home, it is mandatory on their part to check for building codes, which is basically a set of regulations by the Indian government related to design, construction, alteration and maintenance of buildings.

So, the next time when you’re searching for homes, do keep in mind these points. If you’re looking for earthquake-resistant properties in Navi Mumbai or Mumbai, get in touch with Akshay Argade, where you will find luxury properties in  Navi Mumbai and Mumbai.

Tips for NRIs to buy a new home in India

When it comes to investment avenues, NRIs are considered to be opportunists. Real estate industry is one of the profitable sectors which they mostly focus on as it offers attractive returns and there is no dearth of investment options. In terms of loan applications, NRIs find it easy to get home loans as financial institutions in most cases do not face any troubles when it comes to repayment.
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Below are two norms laid down by the Reserve Bank of India for NRIs looking forward to buying any property:

1. A financial institution approves around 80% of loan amount, while the remaining amount is borne by the NRI.
2. The NRI is required to make down payment, repay principal amount and interest from his/her Non-resident External (NRE) or Non-resident Ordinary (NRO) account in India
Income & education eligibility:

Your income and educational qualification plays an important role in determining how much amount of loan will be offered to you. You need to be at least a graduate and your income eligibility is calculated taking into account the repatriable income (income abroad) plus income in India.

Tenure of loans:

Loan tenure for NRIs is limited that is within the range of 5-15 years. However, if you wish to extend the loan repayment term then it is depends on the rules of banks, but it may be extended only is some cases.

Taxation:

Just like a resident of India is required to shell our registration and stamp duty money, similarly the rule is applicable for NRIs as well. He is entitled to avail all sorts of benefits at par with Indian residents on the interest paid for the home loan. However, the tax process becomes full of twists if the property is leased.

Document submission:

To submit documents for home loan, NRIs do not need to make their trips to India. Some banks do offer online facility for document submission. However, you would require help of a General Power of Attorney in favor of a resident Indian who would act on your behalf with the bank.

Authentication:

To authenticate a property, NRIs are required to verify property through proper mediums. You can either consult your friend or a real estate agent.

If you’re an NRI looking to buy a new home in Navi Mumbai, then get in touch with us. We are the leading property consultants in Navi Mumbai.

Frequent home buying mistakes & how to avoid them

With the real estate prices in Navi Mumbai & all over Mumbai becoming affordable post the roll-out of GST and RERA, it may urge several people to buy their dream home now. Buying a new home is a major decision, especially for first time prospects where they may make a blunder.

But don’t you want to avoid such kind of errors typically when it comes to home buying? After all, it’s your hard-earned money and you should be in charge of it. Here are a few tips to help you take back control over your home buying mistakes & how to avoid them:
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Organizing your finance:

When you’re ready to walk into a dealership, the next prep-work you need to focus is organizing your finances. You can also negotiate with an agent to get the best price for your home in Navi Mumbai. Once you have fragmented your finance, it will help to use the spare budget for clearing down payment, taxable amount and other hidden costs associated with your dream home. Turning a blind eye to additional costs is a common error which buyers make.

Real estate policies:

It is no doubt that RERA and GST are redefining the regulatory reforms of real estate in India, which has influenced the current prices of affordable properties, under construction, ready-to-move-in houses. Hence, it is a mandate for home buyers in Navi Mumbai to stay updated regarding real estate policies and how they are affecting the mortgage rates for different states.

Keep account of transactions & written proof:

Whether you’re purchasing a home for the first time or investing for a future purpose, it is good to collect a written proof of the purchase contract. In fact, it is advisable to keep account of even smallest of transactions & every vital paper work. This will save you from fraudulent activities. Make sure your agreement mentions registration, property completion date, as well as conditions in case of delay. Do a detailed paperwork study by consulting a lawyer in case you’re less knowledgeable about legal formalities.

Detailed research:

A careful and persistent effort is the key if you’re looking for a new home in Navi Mumbai. When searching for dealers, negotiate in such a way to grab the best deals. Research thoroughly on location, construction company, real estate agent, insurance and other vital things. Once you have decided to invest in a home, it is necessary that you know about the future prospects of the surroundings, and what are the upcoming developments. Seek recommendations from your friend for a professional inspection of your neighbouring area. It is a mistake if you are unaware of profits you can gain from the developments that may happen in the near future.

It is important that you have a complete control over mistakes. You can ensure to be extra cautious by following some of the steps outlined above. To get the best deals, visit Akshay Argade which is the leading real estate company in Navi Mumbai.

The New Age Buyers: How The Millennial Trends Is Redefining The Real Estate In India

Property investment is one of the most important decisions and making sure that you pay attention to every bit of the home buying process is necessary. Searching for your dream home is definitely a tumultuous ride as you come across ads that you will find on social media, newspapers, TV or for that matter on radio. Although, finding homes is still an essential phenomenon, but the parameters of purchasing a new home in Navi Mumbai have not remained the same as earlier. This is collectively due to urbanization, shifts in family structures, spending patterns & many other factors. The new age buyers are redefining the norms of moving into a new home. Related to this, a study indicates that 65% of millennials aspire to buy a property in the future without compromising on the quality of life.real esate(3)

Rental Homes:

Indian millennials consider renting out spaces as the best option rather than purchasing a new home. According to a survey carried out By the world’s largest real estate consulting group, CBRE Group Inc, indicates that 82% of Indian Millennials live with their parents and 25% of these have no intention of leaving the family home and 25% of Indian Millennials have no intention of leaving the family home.

Social Media:

Digital savviness and millennials go hand-in-hand as they are the first generation to have access to internet right from their adolescence. This generation of audience is more inclined towards technology and the Internet. Right from shopping to searching homes, Millennials are more influenced by visiting social media & other websites when they want to invest in a property.

The use online resources are not just limited to search of new homes, even when calculating mortgage costs or getting loan approvals, Millennials chose the internet medium.

More Transparency:

The generation seeks transparency when buying new homes. While researching for homes, they always prefer to do 80% of inspection themselves as they value transparency rather than risking in half-knowledge information. They believe in being 100% sure that their investment has proper returns.

Location Convenience:

When buying a new home, millennials consider choosing a location, which gives them the flexibility to be close to their workplace. In addition, this indicates that convenience is an utmost priority for the crowd as it allows them to spare time engaging in social activities at large.

The trend of home buying strategies among millennials is changing, which means real estate developers in India would have to use new marketing methods to reach new prospects. If you’re looking out for luxury properties in Navi Mumbai, visit our website.