Real Estate Sector receives a boost during Diwali
Festive
season are always the best to shop, sell and do any kind of deals that you want
because everybody is in a jolly mood and everybody wishes to spread happiness
and peace in the society. Moreover according to some people that believe in the
stars and moon positions, the time during Diwali is very auspicious and the
star, sun and moon positions are appropriate for making any kind of deal. In
Diwali there is one day dedicated wholly to any and every kind of monetary and
financial deal called as the dhanatrayodashi meaning the day to worship goddess
Lakshmi who is the goddess of money.
On
this day people consider it very auspicious and lucky to have done any kind of
monetary or financial deal and hence people are more willing to buy properties
or give their properties to someone on these days. there are various offers
that the property sellers, the real estate agents and the developers of the
property put up on their project in regards to the festive season and so that
their sales are doubled. It is said that in the festive season there is a
decrease in the prices of houses and hence people browse for properties to buy
at this time. There are various people who wait till this time to purchase
their own home because they know that the prices will decrease. This has been
happening for the past two to three years and hence people are anticipating a
price fall in this year too.
As
the prices of the properties are going down and there is no substantial
development in the prices of new projects and properties that the builders have
decided to launch, they are planning on various new offers and plans that can
give the best to their customers. The sellers have realized that there is no
more the age of manipulating people but you have to keep a very nice and clean
record with them and always keep a good image of yours in front of them. This
will help them to choose you when your properties are out and also some
well-known builder’s properties are out. The builders and the buyers actually
wait for this festive season anticipating that the prices will rise and the
prices will decrease respectively.
Everyone
has a different take on this as the builders sees the industry and this season
differently while the buyer and the customer sees this season differently. The
best way to be correct about the rise of the fall is to research for you, read
few things, watch few interviews and informative stories and then anticipate
the rise of the fall. You have to have knowledge in the field to know if you
are right or wrong and what better ways to gain knowledge than to see the news
and read up comments and views of the professional real estate industrialist.
The
reason for this is that if tomorrow you decide to look for flats in Bangalore to buy and you are actually
anticipating a price fall in the city during the Diwali time, but if that
doesn’t happen then all your pain and efforts will be washed away in vain.
Hence it is always better to be sure by searching and researching and doing a
lot of ground work before you take any decision. One simply cannot go and buy a
property. Wait for some time, see if there is going to be a rise or fall and
then decide where do you want to buy a property and when.
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What kind of precautions you should take while staying in Rented Home?
Renting an apartment or a paying guest accommodation can be a
pleasant as well as a bad experience depending on the type of the landlord you
are bestowed with. Renting in itself is such a daunting and challenging task
and when you have a troublesome landlord or property manager your life will
surely become very problematic and stressful. But in case you want to make sure
that you are stressful and desiring to lead a hassle free life you make
undertake certain precautionary measures and steps.
Security & Safety Concerns
In respect to the point as a renter your security and safety
concerns are highly important and must be given importance as well. You must
make sure to live in close vicinity to other tenants or a place where there are
shops, ATMs, hospitals, pharmacy, restaurants situated nearby. The safety of
the locality must be evaluated and you should ensure to get protected from
burglary and intrusion from unknown people and strangers before signing the
lease and depositing the advance payment.
Cooperate with the Landlord
Renting an apartment or staying in a paying guest in Bangalore doesn’t only
involve the relationship of paying the rent every month. You can become
friendly with the landlord and even provide help or any kind of assistance
whenever the situation arrives. This gives you an edge over other tenants and
the landlord will also be polite and friendly with you in return. In terms of
price hike or any other issues you can request him and put forward clauses that
are convenient for you. Furthermore, you must avoid situations of arguments and
try to cooperate with the landlord. This is beneficial for you as a tenant.
Know your Tenancy Rights
There is a tenancy agreement that is signed between you and the
landlord and it provides with certain amount of rights for both of you. You
need to know your rights well. For instance, as a renter you have the full
right to stay in the rental house within the given lease period. Similarly the
landlord has the right to ask for the monthly rental in the specific date
mentioned. You must ensure to abide by the tenancy laws and regulations that have
been set by the landlord and mentioned in the lease paper.
Getting a Renter's Insurance
If you get a renter’s insurance, you have the option of
protecting the value of your possessions in case they are destroyed or stolen.
Your landlord might provide you with one but usually covers the building that
you live in and not for your personal belongings. If you explore the market,
you will come across so many insurance companies that will offer the policies
particularly for the renter and covers all your property belongings at full
replacement costs. In case of a liability lawsuit where you are held
responsible for damaging other tenant’s property, the renter’s insurance
can protect you as well. In the situations like theft, fire or any adverse
weather conditions the renter’s insurance is a very good option to consider as
you get the boost to recover from the losses and start all over again.
------ Thanks for reading RealT Horizon ------
Best locations to buy a Home in India in 2015
Oh! Looks like you are thinking of buying a home. Why not
think of buying a home in the most sorted locations in India in 2015? Well then
grab that steaming cup of coffee, pull your bean bag and relax. We have an
assorted list for you.
1) How about settling in the city that never sleeps? Yes! Mumbai
Localities like Ulwe and Chembur in Mumbai are one of those
fashionable residential destinations, which have a lot on offer. Apart from
great projects and great lifestyle, they assure great return on investment too.
2) What about the national capital- Delhi?
In Delhi, Noida Extension, Delhi-NCR and Dwarka Expressway,
Delhi-NCR have an edge over other emerging destinations as they cherish
proximity to both the city and the International Airport. These destinations
are also foreseeing noticeable price appreciation in the years to come.
3) Oh! How could we forget Pune – The Oxford of the East?
Pune's prominent localities like Hinjewadi, Aundh, Kodhwa
and Kharadi in Pune are dotting commendable rise in residential development. A
home to prestigious projects, these locations are developing at a fast pace.
4) What's more from the biryani land- Hyderabad?
Forget the biryani and a peculiar lingo, Hyderabad too
holds the stage as one of the most economical cities for one to reside. The
places like Hi-Tech City, Manikonda, Kukatpally are indeed dream destinations
to buy a home.
5) Not to miss- Namma Bengaluru!
Growing with an unmatchable pace, Bengaluru is a popular
residential destination. Locations like Whitefield, Rammurthi Nagar,
Bannerghatta Road and Marathahali stand as apt locales for residing.
Shortlist your favourite! We hope there is a house
warming ceremony soon. Happy Browsing!
------ Thanks for reading RealT Horizon ------