Gujarat Announces Restrictions; Night Curfew From 8 PM to 6 AM in 20 Cities – Covid 19

Gujarat government has imposed a night curfew in a total of 20 cities from 8 PM to 6 AM from Wednesday, April 7, among other restrictions as the state saw its highest-ever spike in a single day. As many as 3,280 coronavirus positive cases were reported in the last 24 hours taking the tally of infections to 3,24,878 while 17 deaths pushed the toll to 4,598, the state health department said. Also Read – COVID-19: Karnataka To Impose Night Curfew in Bengaluru, Mysuru and 6 Other Districts From Saturday | Details Here

As per the restrictions, all government offices will remain closed on Saturday till April 30. Only a total of 100 people are to be allowed at weddings. Grand events to be postponed until April 30. Also Read – RT-PCR Test Mandatory For Passengers Flying to Assam From Mumbai, Karnataka | Check Details Here

Gujarat is now left with 17,348 active cases. Of the 17 fatalities, seven patients died each in Ahmedabad and Surat, while two succumbed to the infection in Rajkot and one died in Vadodara district. Also Read – Covid-19: Night Curfew in Noida From 10 PM to 5 AM Till April 17, Essential Services Exempted

With 2,167 people recovering in the last 24 hours, the count of recoveries in Gujarat went up to 3,02,932 on Tuesday, the department said in a release. However, the rate of recovery fell to 93.24 percent.

The neighboring state of Maharashtra is the country’s worst-hit state, reporting nearly 60 percent of India’s total tally.

 

Source – India.com web portal

The Things Most failed to Spot When Buying a House

Fire safety

Another factor that rarely appears in viewing a house checklist is fire safety. While most reputed and reliable builders take care of this, it is still very crucial for an individual to check how safe the house is in case of fire. Checking the distance to the fire exit, availability of fire fighting equipment, etc. should be checked before shortlisting a home.

Child safety

We always make sure to choose a neighborhood that is safe, but how often do we look into the safety of a child in the house? It is important to notice factors like the type of nosing of the stairs, the presence of sharp edges, the types of locks used, etc. These factors determine the safety of a child, prevent serious injury during a fall, and help you curtail any mishaps. Opting for handles instead of knobs, secure railings for balconies, rounded nosing for landing, etc are some of the options that you must choose to ensure safe indoors.

Mobile network and connectivity

It is surprising that this factor does not make it to many checklists considering how important mobiles have become in our day to day existence. Imagine living in a house that has a poor or no network. It is not only very inconvenient, but it is also unsafe as staying connected at all times is extremely essential today. Make sure to visit different rooms in the house that you have shortlisted to ensure that there is good network reception throughout the house.

Other amenities

While we are all looking into amenities like swimming pools, play areas, etc, we seldom overlook other amenities like convenient garbage disposal, rainwater harvesting, etc. These amenities are essential and the absence of which can be really inconvenient to function effectively on a day to day basis.

The Importance of Home Insurance

Home insurance is a type of insurance that offers coverage against your property damages, loss of personal assets, etc. You can avail of home insurance to ensure financial security during such unforeseen circumstances. The insurance plan will be valid for a specific time period after which you will have the get it renewed. A good home insurance policy will save you from spending a huge amount of money for renovation or rebuilding your home structure in case of damages.

How does it work?

A home insurance policy can be initiated by paying a premium amount to the insurance provider. You will have to continue paying this premium as per the stipulated timeline to avail the insurance coverage. The premium amount and coverage criteria will vary according to the insurance provider. You can do a comparison between different home insurance plans to find out which one fits your budget and requirements.

Insurance companies offer different types of policies such as Building Insurance, Contents Insurance, Tenant’s Insurance, Landlord’s Insurance, Personal accident cover, Public liability coverage, etc. It is advisable to speak to a reliable home insurance professional to understand more about these coverages and explore the best option available for you. Now that you know what is home insurance let us now discuss the benefits of taking home insurance.

 

Benefits of Home Insurance

Provides financial coverage against calamities

While buying a new home you should consider availing a home insurance policy as it gives you financial coverage against natural and man-made calamities that damages your house. This can include calamities like floods, earthquakes, storms, explosions, fires, electrical, etc.

Coverage against loss of your valuable assets

Home insurance will also offer coverage against the loss or damage of your priced assets stored in the house. This can be as a result of theft or any other man-made or natural incidents. Personal assets like gold, jewelry, cash, furniture, and other appliances will be insured under the home insurance policy.

Provides expenses for temporary living

If your house encounters structural damage and you want to stay in another house temporarily, you may be eligible to get the rental expenses from the insurance company. The terms and conditions may vary according to the insurance policy you have availed of.

Additional coverage

Insurance companies also provide many other additional benefits for the insured apart from the above. Some insurance providers will provide you extra coverage limit, premium discounts, and exciting add-ons to ensure a seamless living experience even amidst calamities. Many builders offer complimentary home insurance coverage for a specified time frame for the benefit of homebuyers.

How to Invest in the Right Property Within Budget?

Know your needs

Another factor that you may overlook during the process of property search is to know your actual purpose or need with the purchase. Different people will have different intentions for investing in real estate. For some of you, it may the dream home that you want to buy and for some others, it may be a profitable investment for the future. So understanding your need is most imperative in the case of property investments. Also if you are choosing a house, you may have some aspirations like having more space, a garden, play area, security and much more. Most of the modern apartments and gated villas will provide a range of lifestyle amenities that you and your family can make use of. Plan all these ahead and while calculating the budget, choose whichever specifications are important for you. Instead of blindly buying a property, try to choose the one that satisfies all your needs.

 

Calculate the budget

The second step after deciding the location is calculating your budget to check how much money you can afford to invest in the new property. If you are a first-time homebuyer, then it is better to consult a qualified and trusted financial advisor to know your bank loan eligibility and related criteria. Once you have calculated the budget, then start exploring different options that fit within the limit. Always try to choose an investment that offers high value for money and serves the purpose that you envision. It is better to start small as spending beyond your limit can invite huge financial burdens in future. While analyzing the budget, do not forget to include the additional expenses like registration charges, tax, interior styling, furniture, etc.

 

Size and type of property

Finding the right property is a confusing affair as you may find plenty of properties of different sizes and types in your chosen location. Land prices can vary depending on the location, size, age, and type of property. So it is important to decide what type of property you want to invest in. Buying ready-to-occupy apartments is a great way of earning monthly income as you can rent it out as soon as you buy the property. Another affordable investment option is investing in an ongoing project. Ongoing projects will be priced much lesser than the price of completed projects in the city. Moreover, you can get homes equipped with state-of-the-art modern amenities if you book a flat or villa in an ongoing project. Also, prices will vary according to the number of bedrooms, amenities and quality of materials used. Builders in Kerala like Confident Group offers apartments and villas at varied prices ranging from luxury to budget segment.

 

Decide the location

The first and foremost step in property investment is to find an ideal location that you are interested in. It could be your native city or a place where you are working, location is an important factor that decides the worth of your investment. Remote localities will usually be cheaper than localities within the city with rapid development. So depending on the purpose of your investment choose a location that is right for you. For example, if you like to stay in a peaceful and verdant area away from the noise of the cities, then consider buying a home or plot in the outskirts. If you like to have a modern lifestyle close to your workplace enjoying the city transport facilities then go ahead and invest in a budget apartment in your favorite city.

Home Loan Rates at the Best Rate – Perfect Time to Buy Your Home

Living in the COVID-19 pandemic era has created a lot of tensions for working professionals as they are struggling to retain their jobs and manage monthly expenses. Many NRIs had to return to their native in India owing to the global financial crisis and job losses. However, amidst all the gloom, there is a ray of hope for those who are dreaming about buying their own home in India. This year the home loan interest rates have touched a historical low as a result of RBI’s revised monetary policies to boost economic growth in India. State Bank of India, one of the largest banks in the country now offers interest rates as low as 6.9% which is a record drop as compared to the previous years. A lower interest rate will not only reduce the interest paid on the loan but also the monthly EMI burden. Most of the banks are now offering 80-90% of the loan amount, so you don’t have to pay a huge amount of money upfront.

Few examples of Home Loan interest rates by Leading Banks:

  • Federal Bank: Federal Bank offers home loans at an interest rate starting at 7.9% for the amount below Rs. 75 lakhs.
  • HDFC Bank: HDFC Bank has a starting interest rate of 6.95% for loan amounts up to Rs. 75 Lakhs.
  • State Bank of India: SBI offers interest rates starting at 6.9% for a home loan of up to Rs 30 lakhs and a rate of 7.9% for loan amounts between Rs 30 lakhs to Rs 75 lakhs.
  • Canara Bank: Canara Bank offers an interest rate starting at 6.9 for a home loan amount of up to Rs 75 lakhs.
  • Punjab National Bank: PNB home loans are offered now starting at an interest rate of 7.1% for loan amount below Rs. 75 Lakhs.

Additional Benefits with RBI’s Repo rate cut

Besides the interest rate reduction, another favorable factor for prospective homebuyers is the repo rate reduction announced by RBI during the nationwide lockdown. With the repo rate cut by 40 basis points (100bps=1 percent), the repo rate now stands at an all-time low of 4% and the reverse rate is at 3.35%.

Considering all these aspects, homeownership is becoming more and more affordable for the common man. Having a permanent home is not just a dream come true but it is also a way of securing your family’s future. Real estate is a perfect investment option in these uncertain times as it promises you good returns. Even if you are not planning to stay in the home, you can earn money through rental income.

Interior Design Ideas to Make a Room Looks Smarter

It’s always been a difficult task to keep small living space organized. But, there are several smart interior decor ways to make a tiny room look bigger. Here are some of the best residential interior design ideas and tips that can transform your living room.

Finding a spacious home to either rent or buy within city limits would be more expensive. Thus, many home seekers with limited budget prefer small homes or studio apartments. With increasing real estate prices in cities and reduced homes sizes, it has become even more critical to follow smart interior design ideas to make your home look nice and chic.

Avoid Luxury Window Treatments

For small sized rooms don’t use window treatments that are too heavy and ornate. These luxury widow treatments add beauty to the room, but these drapes and curtains that are made of heavy materials will restrict the room from getting natural light. So it’s better to make use of the window in a small room to bring in light to every corner. Especially, light-coloured walls along with the sunlight would make your tiny living space look larger. Sheer lace curtains, slatted window blinds, or bamboo shades are ideal for uplifting your interior décor of the room.

Prefer Light Colours

Always say a big ‘No’ to darker colours in interior spaces for walls and other dominant room features like curtains, sofas etc., if the size of your room is small. According to interior design experts, lighter colours would bring in the illusion of a larger area. Though dark colour themes are more trendy and design-friendly, it best suits the spacious rooms. If you use a dark colour in a space-challenged room, it will make it look even smaller.

Wall with Stripes

When it comes to wall decoration in small indoor spaces, adding either vertical or horizontal stripes to the interior design can generate the illusion of larger space. To make your living room look wider, it’s best to use horizontal stripes. And, vertical stripes help to make your look larger in an upward direction. Also, ensure the colour that you use matches the rest of the furniture and fabrics in your room.

Choose Furniture with Legs

While buying indoor furniture for your home, always prefer the ones which have legs, as it opens up a small space. When it comes to large furniture without legs that rests directly on the floor, it will consume more space and would make the room interior look even smaller. On the other hand, furniture with legs showing will make your small room look brighter with more light. Alternately the room is easy to clean and also small things can be pushed under the furniture like foot wear when you are sitting in the room, low tables and stools.

Use Multifunctional Furniture

When you live in a small living space, it’s always ideal to use multifunctional furniture to utilize space in a tiny room. You can prefer sofa with storage facility or a fainting couch that opens for storage. To create more space in a small living room, it’s better to downsize the furniture in your room.

Important Tips to Buy a Property in Ahmedabad

Are you planning to buy a property in Ahmedabad? If yes, then you’ve made the right decision. Ahmedabad is a well-developed city in India. Millions of people buy properties in Ahmedabad as it is a wise investment.

Here are some tips that can help you find the right property in Ahmedabad:

  1. Know your needs: You should figure out your requirements and then start looking for the properties. Know what kind of kitchen you need. How many rooms do you need? What kind of a kitchen do you require? Prepare a list of the type of house you need and then start searching for a property in Ahmedabad.
  2. Location: Once you have decided to buy a flat or a bungalow, you should do some research and choose the best location. You should find out whether there are all the essential requirements such as schools, supermarket, hospital, and a good public transport facility in that area. You can talk to the neighbors and find out what facilities are available in the area.
  3. Do some research: Before buying the property, do not forget to conduct research about the history of the property? Inspect the property and then make the decision. Check the electrical wires, water system and plumbing before you invest. Visit the property and get all the details. This would help you get the best deal.
  4. Neighborhood: Nobody wants to stay in a dirty area. It is important that the potential buyers invest in a property in Ahmedabad that has a safe surrounding. Check whether the area has tidy streets. Check the condition of the neighborhood also before making the right choice.

Ahmedabad – Best Residential City Of Vibrant Gujarat

Ahmedabad’s real estate market has witness a rapid pace of development compared to other cities of India and this is the mostly driven by the high rate of industrial growth, states by a professional service and investment management firm. Quality infrastructure, highly competitive real estate costs along with a robust law and order systems makes Ahmedabad a desirable residential and business destination.

Some Important Facts about Ahmedabad

  • Ahmedabad stands no.1 in Tier 1 cities due to rapid industrialization and infrastructure development.
  • BRTS has improved all overall connectivity.
  • Several expressways pass through the city such as Nh-8, 8A, 8B, 8C, all part of the DMIC.
  • The Ahmedabad Vadodara Expressway that connects two vibrant economics in Gujarat: Ahmedabad and Vadodara.
  • No other expressway in Gujarat is as strategically positioned as the highway, which has led to the flourishing of big ticket corporate house along this stretch contributing to the region’s growth and in turn the Realty sector
  • The Under Construction GIFT City is located about 12 km from Ahmedabad international airport
  • The City has ample employment opportunities, social and civic infrastructure and most importantly, capital values here are lower than those of many tier 1 Cities.

The Bus Rapid Transit has given a facelift to the outskirts of the city. There is also a plan to increase FSI and have a transit-oriented development along the BRTS corridor. These will further boost economic activity in this city. The City also has the Sabarmati riverfront project, which plans to provide large open spaces for public use. In additions, there is a proposal to connect Gandhinagar with Ahmedabad, using the metro system. This is expected to increase real estate price along certain sections of the metro corridor between Ahmedabad and Gandhinagar. Apart from the proactive development approach of the government and local authorities, Ahmedabad has another advantage- the cost of living is relatively lower compared to other large cities of India.

The residential real estate market in Ahmedabad is diverse. Residential units in the affordable category are available alongside house and apartments in the ultra-luxury category. The advance retails landscape of the city also attributes the residential real estate worth. The GIFT City (Gujarat International Finance Tech City) that is proposed to be developed as smart city is also giving a fillip to the real estate value of the city. Ahmedabad has quality public transports inform of BRTS (Bus rapid Transit System) and the best part is that Ahmedabad Bus Rapid Transit is the most successful in the country.

Some Facts Help You to Get the Right Property in Ahmedabad

You may have several questions in mind when you are planning to invest in a property in Ahmedabad. Let’s have a look at some and help you get the right property.

Why are real estate developers in Ahmedabad focusing on creating affordable homes?

The growing residential belt is attracting a pool of skilled and unskilled professionals in Ahmedabad. Homes are available anywhere between INR 20 lakhs and INR 45 lakhs. Builders are focusing on developing multistorey buildings that provide cost efficient homes to the people residing in Ahmedabad.Most of them are showing interest to reside here. Reputed and leading real estate developers are piercing into the market with many residential projects at affordable rates.

How well is Gujarat’s/Ahmedabad’s real estate sector developing?

If one is planning to invest in a property in Ahmedabad, there are several options available.The real estate sector in Gujarat has been spreading its wings. Ahmedabad is considered to be a well-developed city in Gujarat with commercial set ups, industries and textile industries being developed in the Ahmedabad. Cities like Surat, Rajkot and Vadodara have also seen great development in the past few years. Government bodies like AUDA (Ahmedabad Urban Development Authority) and the GHB (Gujarat Housing Board) are creating new housing schemes in Ahmedabad and other cities in Gujarat.

Which are the budget-friendly real estate destinations in Ahmedabad?

The active localities in Ahmedabad are Shilaj, Motera and Chandkheda. The prices of the apartments for sale in these areas are very moderate compare to other locations. Commercial and residential spaces are available for the people within this range. The presence of modern facilities, hospitals, educational institutions and malls make these areas a real hotspot in Ahmedabad.

Why Indian real estate market is a good investment bet for NRIs

Non-Resident Indians have for long been active and important investors in Indian Real Estate. Settled abroad, NRIs have the advantage of exposure to global standards of real estate. They have been instrumental in bringing financial and technological best practices to India from abroad. The year 2020 has heralded a positive shift in Indian real estate already. Lowering of interest rates, the announcement of new credit linked subsidy scheme have made market finance more accessible. Regulatory updates like RERA and GST are also inducing a lot of positivity in the market. But the biggest news is coming from the affordable housing space which has now been designated with the infrastructure status. NRIs on their part have rewarded these efforts with reinforced confidence and vision.

In this story of rebound, NRIs have taken a strong lead as active buyers of Indian property. The NRI populace at 30 million is almost equal to the entire population of Canada. In 2016, the influence of NRI buyers was clearly observed with rising incomes and improving the economy. By the end of 2016, the total investment in a primary real estate in key Indian markets reached $9.6 Billion. Further, 20 per cent of the NRI investments is made by Non-Residents settled in the UAE. Indians settled in the United States, Canada and Australia also hold significant investments in Indian property markets.

As the demographic focused on younger participants, demand for properties in small unit sizes further rose. 2016 is also remembered for some major initiatives by the central government. The Benami Transaction Act, RERA (Real Estate (Regulation and Development) Act, 2016) and demonetization of higher currency notes of five hundred and one thousand were some of the major steps taken by the government to bring in transparency and better real estate transactions. It brought stability and restricted non – serious investors.

Government intervention alone is not pushing these figures. A depreciating rupee has also provided stimulus to investments from NRIs. The digital medium has also created an unprecedented awareness for property investors today. An online tool like project comparisons carries the ease of comparing different projects on different parameters.

As against $6 billion NRI investments in 2013, the figure is expected to almost double in 2017, with approximately $11.5 billion to be invested this year. This would account for 20% of the total market, estimated to reach the $60 billion mark this year. The figure could go even higher, given the proactive approach adopted by the government in addressing the concerns of the realty sector.

Digital is effectively bridging the geographical gap as almost entire information regarding a property purchase is available with the click of a button. So even if a non-resident is physically able to visit the project site, he/she can still make informed decisions using online resources.

As the new financial year kicks in, Indian Real Estate with the NRI diaspora at the forefront is poised for accelerated growth.