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Do you know the right you are entitled to after buying an apartment?

Buying an apartment is not an easy job unless you are advised by an expert. And it is worth the hard work because owning a property strengthens your family’s safety and social status. But even if you find the dream apartment your business doesn’t finish there. To maintain and savor a long-lasting relationship with your builder you must know the rights entitled to you after buying an apartment. So this article explains why the special rights are as much as important as the comfort and beauty of your new apartment.

 

A written Agreement; the source of power

Every property dealings in the real estate sector are based on a written agreement. Because according to the custom a builder-client relation starts when you have a written agreement with mutual consent. But careful, a written agreement is not an ordinary document. It usually consists of many clauses and directions which depicts the right and responsibility of both builder and customer. An owner must read each line of such agreement because any clause in such an agreement is legally objective. A written agreement will provide; 

  • Proof of purchase
  • Rental details
  • Specification of accessories inside the property
  • Conditions related to maintenance and other services

 

Land and rights

 Owning an apartment is different from owning a plot. When you purchase an apartment you are becoming a part of any unit in a single project. Then what is the guarantee on apartment resale value when the building gets older? The answer is the apartment’s land. Contrary to popular belief buy owning an apartment you are owning a right on the land where the property stands. This is known as homebuyer’s undivided share in the land. So before you buy an apartment examine whether the land possesses value for future sake. Since you have a share in the property-related land you can demand clarification on any modification on that land by the builder. This land right associated with an apartment is important since the land share may become the criterion for a home loan or compensation in any manner.  

Sharing the responsibility

 Usually, apartment projects are a recreation of an ideal society. So both builders and owners have responsibility for their property and surroundings. If you have an apartment you can directly seek help regarding maintenance and supplies from the related management. Based on written agreement many builders guarantee free maintenance to your apartment within a time limit. Otherwise, there will be a monthly or yearly maintenance charge with a mutual agreement. And if you find serious flaws in design and interiors related to the apartment you can approach authorities and file the dispute. 

 

 

Access to association 

 The most appreciated feature of an apartment project in the apartment association related to it. Because such association collectively addresses the concerns and demands of an owner. So when you own an apartment it is your right to get a direct membership to these welfare associations. A builder ought to present the profit-loss balance sheet and future project expansion whenever the association demands. Once you are a member of the apartment association you can express your complaints and feedback without any discrimination. 

 

Prisunic Builders in Calicut always thrived by maintaining a healthy relationship with its customers. By giving an insight about the right of an owner related to his apartment we stick to our responsibility and readiness to serve your purpose. 

 

January 11, 2020
villas-in-calicut

Why is real estate one of the safest investment options?

 

 

Smart people always quest for a better investment option. But people of wisdom knows that only safe investment with less risk is the best investment that ensures long-term profit. So what can be the safest investment in these vulnerable economic conditions? And the simple answer is real estate.

Real estate investing is always rated as one of the safest investments in the world. Like the precious gold, this business never lost its prominence once in history. Because rather than experts real estate thrived through the patience and practice of common people with insight. So this is your game and this article points out some reasons why real estate is the safest investment option for you.

A stable ground

Comparing to other elements of the market and related profit real estate is more stable in nature. In a rapidly developing country like India, the economic scenario may alter but not the real estate sector. For example, sudden inflation might bring down the value of commodities in the market. But the value and demand of the main real estate properties like land never collapse. Instead, real estate properties adjust with the hike and rise above inflation. Since land is not reproducible and the population demands are ever-increasing a real estate owner is above the worry of mere loss.

 

Safe Investment for long/short term

Real estate investment is mostly seen as a long term investment by many people. But a smart investor can make short term investments by owning a tangible property and renting it. This short term money can be invested in the development of the same property which increases the value of it.

And if you foresee development around your property in the near future show some patience and time will increase the appreciation of the land gradually.

 

A branch of possibilities

Another quality of real estate investment is the numerous possibilities it provides. if you can’t make the desired deal or rent your property there is always a plan B. if you have land which can’t find a buyer then start your own business there. You can make a home or start a short term business in the land. Any positive activity happening inside and around a real estate property eventually increases its value.

 

Less risk and loss 

Like mutual funds, there are many highly rewarding and less time-consuming investments in the world. But a simple fluctuation in the market or a mistake from you can lead to a huge loss in such investment. At the same time investing in real estate is easy and rewarding with little loss. It is found that in India real estate is the largest employer after agriculture. So you don’t have to run for buyers. Sit back leisurely and the buyer will come to you.

 

Not a hard game

Even though real estate is a highly rewarding business Investing in it doesn’t demand professional skills. Any beginner can invest and gain profit from real estate with simple management skills and patience for the right opportunity.

 

Real estate rules the economy

Real estate is a globally acclaimed investment option. Rather than a deal of property, it balances the world economy. It gives space for business and that can make million job opportunities. Shelter or financial stability real estate never fails in satisfaction.

So like the former American president Franklin Roosevelt said, “Real estate cannot be lost or stolen, nor it can be carried away. Purchased with common sense, paid for in null, and managed with reasonable care, it is about the safest investment in the world”.

 

November 26, 2019
Villa Projects In Calicut, Villas in Calicut, Luxury Villas in Calicut

Features you look for in a home

A man travels the world over in search of what he needs and returns home to find it. This is a well-known expression that expresses how home asserts influence over our life. A lovely home simply enhances the true potential in you. But what makes a home lovely? It’s simple. To find that dream home you need to look for some features in it. Those features, when combined, give you the perfect home that you dreamed of. If you assure these common but important features meets in your new home then you will love it for a lifetime. So let’s look at some of the features that you need to know for an easy selection of a comfy home.

Start with the Location

 Features of a dream home can’t be depicted without mentioning the location factor. Because the location of your home is crucial since it affects the other factors we are going to consider. A home in an isolated area like on a hilltop or on an island is not a good choice for a family. Even though such a place may provide privacy and serenity, a place less connected to the outer world may make life uneasy. Instead, a well-elevated land with air and sunshine itself defines the luxury of an ordinary home.

Structure and finishing

Any home without an effective planning or a final touch may incur a loss soon. A well-finished home is the symbol of the builder’s reliability and such home gives assurance for your money in the long-term. So do check the stability and strength of construction before the final buy.

Space and proportion 

 If you are spending your precious money in a home let it be for the better cause. Don’t save your money by choosing unbreathable home space coloured in tricky offers. Because space scarcity directly impacts our lifestyle. Living in a congested room makes us stressed and unpleasant throughout the day. Since it’s difficult to increase store space after owning the home it’s better to demand your builder for a home with adequate space. Likewise in rooms, a good proportion of floor and ceiling must be maintained.

 Outdoor door and indoor amenities 

Make a checklist of amenities you need in your home before you own one. This will make it easier for your favourite builder to choose the perfect home for you. Below are some amenities you don’t need to miss in a new home;

  • Modern kitchens and bathroom
  • Energy-efficient appliances
  • Modern security system with surveillance
  • All-day water supply
  • Recreational space in outdoor
  • Easy passage for senior citizen and differently-abled
  • Ecofriendly infrastructure
  • A road connecting school, hospital, and markets

The rate of maintenance 

 In any business, a product that demands less maintenance is a seamless selection. This idea is valid in real estate also. The rate of maintenance is an important feature you need to consider before owning a home. Check the wiring and plumbing perfection. Touch or observe the floor and walls to ensure the novelty of home.

Option for modification 

 Every building becomes home when one applies one’s personality in it. A home that provides many options for converting interior and outdoor design gives creative freedom for its buyer. When you need to adjust the room position or design for your child or aged mother the option of modification comes handy.

These are the features you look in for a home that defines and makeshift an ordinary place into a home.

 

 

 

 

October 15, 2019
Villa Projects In Calicut, Villas in Calicut, Luxury Villas in Calicut

Prisunic Builders Delivering Unmatched Living Experience

We, humans, find bliss in every new experience. And every experience is more meaningful when you enjoy it with a better living condition. That’s why we Prisunic builders always give prominence to mould a brand new life for our customers. As a building group, Prisunic builders believes in quality and exceptional services. Because our vision is a future where Prisunic builders is a household name in community living. That ambition can only be achieved through customer satisfaction. So what is Prisunic builder’s speciality? It’s the aspiration to excel in delivering an unmatched living experience to our clients. Let’s see those unmatched experience that we can provide for you.

Join the Family

Prisunic Builder’s every project is intended to create a long term relation with the receiver. As a trusted and responsible builder, we see all our customer as a family. So buying a Prisunic property means joining a new community.

The idea of mutual progress

Mutual understanding makes life easier. That’s why Prisunic builders are eager to know its customer’s demand. We plan new projects based on the dreams of the people. A happy customer is the best ambassador of any organization. So we are happy to upgrade your lifestyle with unique projects and service.

Your Dreams, Our Projects

Prisunic Builders always observe the changing demands of the world. So we experiment with new trends in a professional way. Let’s have a look at some projects where comfort and luxury unite.

  • Budget flats and apartments 

Prisunic builders value for your money. So Flats and apartments are available with modern amenities with in the budget plan. Since we never compromise on quality you can forget the concerns of finding the best within your limit. Modern amenities include community points like garden and swimming pool. Clean interior and fully accessorized room will never let down your expectation.

  • Cosy villas 

Luxury plus serene atmosphere. That’s the baseline of every Prisunic Villas. We have 3BHK, 4BHK projects in your favourite locations. You can savour the community living without compromising on your privacy. The independent villas are packed with contemporary interiors and upgraded architecture.

  • Luxurious Palazzo

Ready to level up? Then Prisunic palazzo is the best option for you. By the unique Palazzo project, we ensure you a magnificent life within the wholesome of placid locations. In this project, the cluster of villas represents urban life at its best. Get ready to feel the high-end modern living with the charm of lush green rural life.

The motto of Quality and Reliability

Prisunic Builders, one of the faithful names among the luxury residential builders started its operation since 2006 in Calicut. Since then we have followed the motto of quality and reliability. We have an experienced and creative team who carefully work till the finishing of each project. This group includes Engineers, technocrats, businessman and other veterans from various fields. So we represent the ambition and dream of a large group. That’s why our projects are closer to customer demand and satisfaction.

Prisunic Builders are here to deliver the best services related to residential living. Just give us a call or mail and step into the new venture towards unmatched lifestyle.

 

 

September 8, 2019
Villa Projects In Calicut, Villas in Calicut, Luxury Villas in Calicut

How to set up a terrace garden

 

Do homes breathe? Indeed if you have a garden with it. That’s why the garden has become a most sought out luxury in the contemporary busy world. But due to the scarcity of space, most of us compromise on it. Maintaining a lively atmosphere around and inside our home is an act of art. If you win to bring the presence of nature in your home your life never seems dull again. Terrace Garden is a piece of nature that you can cherish with. Even in a congested locality terrace garden can be used as a defensive armor against the changing climate. Or a relaxing haven against the odds of life. So In this article, we will discuss how to set up and effectively maintain a terrace garden.

Becoming a creator

Attempting to make a garden is same as creating a new world. You have complete freedom in this new world. To become a successful creator you must make rules and plans. The main objective of the terrace garden is to utilize the maximum space available. At the same time, the garden needs to be examined daily. If you care about plants they will give you back.

Making the decision

A well-built house can take most of the beautiful plant variety on its terrace. But you need to decide on the space usage before proceeding. The decision is whether you use the complete terrace or part of it. The latter need more preparation.

Steps to follow

  1. a) Start simple

If you are a beginner in terrace gardening then it is better to start with pots and small plants. You can choose chillies, tomato, and brinjal for a quick start. Because these plants need little care and space. And when they ripen it’s a visual treat to eyes.

b)Mix and repeat

Whether it is vegetable or flower the beauty of outcome increases when you mix them. In the case of vegetable, mixing can also increase the yield. For example, mixing legumes with other plants is productive as it increases the nitrogen content in the soil.

  1. c) Recycling

To make the terrace garden more cost-free you need to find the full potential of every resource available. Kitchen water can be reused with proper pipe and tray arrangement. The plants need to get exposure to sunlight. And the output of a proper compost bin with rotten leaves and fruits of our plant is enough for the cultivation.

Things to avoid

If you aren’t a full-time farmer then don’t go for big trees and fragile plants. One can grow even mango in the terrace. But only with proper effort and investment of time. Try to follow the below points;

  • Don’t let the water go down the soil bed
  • Don’t use too much waste as fertilizer. It may attract pest.
  • Don’t block sunlight
  • Use shades against harsh climate

Remember; always accept the failures and success equally. Then your effort will bloom in the terrace garden.

 

 

 

August 20, 2019
Villa Projects In Calicut, Villas in Calicut, Luxury Villas in Calicut

Five tips to design your Dining Room

What is the real joy of family? Let’s say it is the endless reunions and gathering that each member makes every time. We share feelings, news, opinions and numerous emotional things in those get-togethers. And you know the best place for such reunions is your dining area. But some people neglect the dining area thinking it’s a waste of effort. In fact, dining area designs are too important for a better family bond. So in this article, we are discussing five tips to design your dining area.

  1. The correct position

Before deciding on the designing plan you better find an exact position for the dining area. Since dining room demands calm and uninterrupted atmosphere you should keep it away from the home entrance. To ensure easy passage between kitchen and living room the desirable position of the dining area is at the center of the home. Place your dining table near a window so that space is filled with air and natural light. Don’t congest dining room with unnecessary furniture. Instead, turn your dining area’s design as the focal point of that room. Rather than words let the guests are welcomed by delightful dining space.

  1. Importance of measurement

Dining area design demands some mathematical approach. Unlike other rooms, the measurement of furnishing in this space must be accurate for a better experience. Let’s have an insight;

  1. a) Table

We all know that the primary furniture in a dining area is the dining table. The arrangement of the dining table can determine the overall visual output of the room. The size of the table must be finalized according to the strength of your family. Rather than selecting the extreme end of small and big consider buying a table of medium size. Even though there are no hard rules on the size there are general options you can consider. For that first choose the shape of the table. Square and round is the common option and later is the favorite option. Round tables have many advantages. It’s visually pleasing and provides easy seating arrangement. A round table with diameter 4’0” is suitable for a 4 to 6 person family. The diameter can be 5’ or 6’ but above that, you got some problems. Because bigger the table bigger the risk of communication across the table. And the shared area of the table starts to congest the room. A 6’ table can seat 12 people if you adjust the cramping by appropriate chair selection. If you are a fan of rectangular tables then a table with 3’ width and 6’ length can accommodate 6 to 8 people smoothly. To give good leg spaces follow the standard 30 inches (76cm) height of table height.

  1. b) Chair

In the dining room, the purpose of the chair is more important than its visual appeal. The wrong size and height of the chair can ruin the total experience of this space. It is better to try out chairs with the table at the time of the initial buy. Sometime a 6’ wide table can’t seat in its full capacity due to the table leg spacing. Since the dining table comes with chair set let it be your least worry.

After setting dining table consider saving at least 36 inches of space between wall and table. We can’t jump over the table and grab a seat right?

 

  1. Mix and match

The traditional way of setting the dining area is sticking to the monotone. But the creative minds can mix and match the colors to add a dramatic appearance to this space. The best option you have in mixing is the chairs around the table. It’s good to follow the same shape and different color method in chair selection for a mix and match.

  1. The creative part

Once you finished with the table and chair setting the creative part works as bonus points. Place a carpet under the table to create a reserved space illusion. Or place the dining area to an open space where a scenery or exterior view adds drama to space. Trying a combo of the living room and dining area is a common practice now. With the wise placing of furniture, you can fuse these two special areas.

  1. Light gives life

There is no doubt about the importance of light in a dining room. The variation of light provides a different mood for the dining area. The yellowish tone of light can add a cozy feel and a delicious color to food. Bright and dim light is your last option since we need smooth light to see others face and what we are eating. A chandelier is a fitting option in the dining room. Recessed or monorail lighting feels good in most of the dining area. Set a focus light to the table. Apart from ascending light, you need to add some layers of light to serve the purpose.

Above given are some concepts for dining area designing. Add your creative and personal touch to these ideas and make every reunion worth to remember.

 

 

July 2, 2019

Five decor ideas for a large balcony

Life inside our own home is beautiful right? But no matter the peace or luxury of an indoor space we all try to find an outdoor extension. When thinking about an outdoor space which is exposed to fresh air and preserves privacy the answer narrow down to balconies. Most of us find peace of mind by sitting in our own balcony rather than spending time in a public park.  A well planned and decorated balcony increases the visual appeal of your home as well as your life. That is why this article explains five décor ideas for your unique balcony.

  1. Preserve the Space

It doesn’t matter if your balcony is large or small if you know the art of decorating the space. The advantage here is that you got a comparatively small space in the home which is easy to maintain. The décor in the balcony must enhance you to completely savour every inch of that space. Let’s point out the elements of space preservation in balcony décor;

  1. a) Furnishing

When it comes to balcony décor you need to be more selective in furniture. Everything you place in this space must be relaxing and fitting to the environment. Balconies are not meant for public gathering. So you can add small beds for a fresh air sleep or hang a hammock to relax.

  1. b) Removing visual barriers

When arranging space in balcony concentrate on removing visual obstacles between the outer world. Which mean cloth curtain and protruding sunshades are not a favorite option for balcony. Using glass curtains will provide a clear outdoor view and beauty to the balcony. But if you are into more privacy then you can go with the former.

  1. c) Keep it simple

There are two ways to fill in a balcony. One is placing cozy and attractive decorative in the space. Which include fluffy pillows to flower pots. But the other is the way of simplicity. Managing free movement in the balcony, adding selective furniture, visually unfocussed decorative, etc are the hallmark of simplicity.

  1. The role of Light

Fresh air and the natural light is the primary luxury of any balconies. The joy of the balcony comes from the light and shade it offers. So always utilize the natural sunlight as a decorative for balcony. Bright is the usual mood of the balcony. By adjusting the light levels using curtains and shades you can create an entirely different feel in this space. Adding glimmering and low lit artificial light can make your nights magical.

  1. Green always fit

Like we said balcony is an extension from home to nature. So to make it a transition zone between nature and indoor life you can use the charm of greenery. Try setting a small garden in the corner and railing of your balcony. The availability of sunlight make the plants grow healthier and within months you can see heaven starting to bloom in your balcony.

  1. Using Floor and Wall

Unlike the indoor wall and floor, the area of a balcony is limited and special.  The carpet or rug you use on the floor needs to mingle with the outdoor tone. Grass pattern carpet, wooden interlock, or stone tiles, the options are many. You don’t need to completely cover the floor with carpet. Instead, spend money to find the best piece of art to fill the open space on your floor.

When it comes to ceiling and wall choose warm and dustproof paint. You don’t need to paint the same exact outdoor paint in balcony walls.

  1. Foresee the Climate

Since the balcony is an outdoor space anything you wish to décor in it must be resistant to climate scenario. For example, if you are planning to build a home with balcony in Kerala you must know the monsoon factor. In such place reduce wooden and metal item for decorating the balcony. Or you can resist the side effects of the changing climate by shades and coverings. For extra safety from dripping water use PVC blinds to seal the space.

Above are the five ideas or areas you need to concentrate before you plan to décor your balcony. Remember a well-arranged balcony itself can change the overall appearance of the home. And if you are wise to retouch every inch of balcony you will be gifted with a unique space to ease and free your mind.

 

June 19, 2019

How to prepare your home for Monsoon?

 

Rain is a feeling that soothes and awakes the mind. It nourishes the earth from its droughtiness and decorates the nature with green. The water spews down from heaven to gift a reviving effect on all lives below. Even when it comes to saving the earth, it also carries some challenges. One of the main challenges is waterproofing our houses.

When pay attention to reality away from the romanticism, it needs more importance as it may destroy our shelters. There may be cracks on the rooftops, leakage seeks pots to catch drips, debris or leaves which gets collected on narrow gutters causes blockage and then results in an overflow of water to the yard and to the hall in the upstairs, growth of moulds and small mushrooms on walls, more chances of electric shock etc.

How can we rainproof our house?

 

  • There will be an outer extension in every house in common, to protect the house from terrible weather. The limitations need more ways to cope up the situation which is beyond the transborder. Use of waterproof paints plays roles not only in colouring the walls but also protecting it from bad weather. The tarpaulin can be used to protect up to a level.
  • You have to check prior to the expecting rainy season, whether the gutters are wide enough and there are no chances of blockage. Most likely there are chances of bunged up of gargoyle which obstructs the water flow as mentioned above.
  • There are chances of swelling of wooden doors and windows, which in turn causes difficulty in closing down the opening covers. Thus sandpaper can be used to restore it.
  • Cracks in concrete and pores in stone blocks should be checked prior to the season. Unless, it will result in leakage, causes ailing of walls and its shatter.
  • Water stains on the wall will not be removed by bare painting. So oil ground primary sealer should be used before painting.
  • To vaporize the water content and to reduce the amassing of moisture inside the room, air circulation is essential.
  • All the unleashed raws on the rooftop has the abrading power upon your house. So take care of your house throughout the season.

You should get ready for Monsoon rains, before dark clouds come suspended and poured over. Making your house rainproof is a big covenant, but it is a big endeavour.

You take effort to protect your personal possessions, so protect your shelter too.

June 12, 2019

5 ways to save energy at your home

Reducing your electricity bill not only save you some extra bucks but also brings you one step closer to being an ideal resident of our dear planet. Lower energy bills mean less energy consumed, which means less harmful emissions are released into our ecosystem. Reducing consumption not necessarily means baking yourself in the scorching heat or taking bath in freezing water, there are many other easy and effective things you can do with little investment and little or no experience. Here are the 5 little ideas you can start with.
1. Reducing the phantom loads
This refers to the load (electricity) that an appliance or electronic device consumes when it is not actually turned on. A report says that phantom loads account for about 6 percent of all national residential electricity consumption. Phantom loads can be eliminated by unplugging appliances and electronics when they are not in use.
2. Energy efficient appliances
Buying a new appliance, make sure to look for the Environmental Protection Agency’s Energy Star label before making a purchase. These appliances use between 10 and 50 percent less energy and water than their conventional counterparts. Star labelled appliances may cost more than the appliances without the Energy Star designation, but they sure make up that additional cost through energy savings.
3. Changing your light bulbs
This is one of the least expensive and most effective changes you can make in your home. Fluorescent bulbs are things of the past. Now the CFL technology is replaced by LED. Longevity, efficiency and less consumption of energy are some of the many benefits of LED lights over other types of lights. Clear white light with less consumption and even lesser heat emission makes it ideal for home use. The LED light can be also used in ways that can complement your interior design and architecture.
4. Use Fans for Cooling
In the summer, instead of AC use stationary, ceiling and whole house fans to cool your home. This will reduce the need for air conditioning and thus the electricity consumption.
5. Proper insulation for air conditioning
Proper insulation will prevent cool air from escaping from your air-conditioned room. Any small cracks and gaps where the air is leaking into and out of your home should be sealed. Doing this you could potentially save 10 percent on the annual energy bill.
Effective and efficient use of electricity is not just about saving on bills but reducing the stress on the environment. India’s electricity sector consumes around 72% of the coal produced in the country. Coal consumption by utility power is 608 million tons in the year 2017-18. Each unit we save now contributes to a better environment and to a better tomorrow.

April 18, 2019
Builders in Calicut, Top builder in Calicut, List of builders in Calicut

ADVANTAGES OF BUYING A PROPERTY ON HOME LOAN

An own home is a dream of any human. In any financial scenario, people desire for a safe and undisturbed place for serenity. This is why house properties in the real estate sector always preserve high demand despite any situation. Due to the high demand, buying or building an own house became hard work which is suitable for an affluent hand. But fortunately, the availability of home loans is keeping alive the dreams of millions to have their own home. Whether it is a bank or private sector loan is a helping hand for a man in need. Rather than money backup home loans have other benefits. That’s why this article explains the advantages of buying a property on home loans.

Villa Projects In Calicut, Villas in Calicut, Luxury Villas in Calicut

Villa Projects In Calicut, Villas in Calicut, Luxury Villas in Calicut

Why Home Loans

Some people plan to wait for a particular property by thinking the base value will decrease some day. After waiting for long they realize that the demand and price of that property are multiplied and time is wasted. This makes them compromise with smaller home and unhappiness. But a home loan can provide immediate money back up with some security and sufficient document. Since the price of the desired property is unlikely to go down home loan is the best choice to seize the moment.

Flats in Calicut.Premium Flats in Calicut, Budget flats in Calicut, Flats in Calicut for sale

Flats in Calicut.Premium Flats in Calicut, Budget flats in Calicut, Flats in Calicut for sale

Know your Home Loans

Home loan is an amount of money or security provided by a bank or financial institution based on your ability to payback. Since you have to pay interest for the principal amount over depending on loans is not wise. The company lending you money takes your property as security. When a borrower fails to pay his dues they will take legal measures to recover the property. There are different kinds of loans available for homes. Those are;

  1. Home purchase loan: as the name suggests this loan is provided for buying a property
  2. Home improvement loan: this type covers the expenditure including repair, maintenance, and renovation of the home.
  3. Home construction loan: helpful when you are constructing a new home.
  4. Land loan: this is the initial type. Loans for land will benefit from tax relaxation in the future.
  5. Joint Home Loans: two or more people can take a home loan. This option avails exceptional tax deductions and shared loan repayment.
Villa Projects In Calicut, Villas in Calicut, Luxury Villas in Calicut

Villa Projects In Calicut, Villas in Calicut, Luxury Villas in Calicut

Steps for getting a home loan

After determining the specific need you can approach a bank or money lending organization with the necessary document of property. When you pay the processing fee they will start the valuation of the document. The sanction or approval process will take its time based on the location. An official will check the legality of the property directly. After the site estimation, the Company will proceed to final validation and signing the agreement. Earlier these steps were time-consuming but now it’s faster and smoother.

What are the advantages?

  • Tax benefit:

The different section of Income Tax of India Act straightly gives a number of tax deduction options for loan buyers. If one succeeds to complete his home then he can avail tax deduction based on procedures.

  • Transfer facility:

Some options allow you to change the home loan to another lender if they offer a loan at lower interest.

  • Monthly Installment:

Rather than spending a huge amount of money at a time monthly instalment make the burden small. You can connect the loan to your salary account which ensures due payment.

  • Long tenure:

Home loans stand unique because of its high repayment tenure. Most money lending institution allows time period up to twenty to thirty years based on your income security.

  • Assured resale value:

Considering the present inflation and interest rate the price of your property will definitely go high in the future. So buying a property as soon as possible makes sense.

  • Safe purchase:

Buying a property whether it is land or home increases the reliability. The experts will explain all the legal and technical angle of the property to you. That information can be used to validate the resale of property in the future.

 

  • No rent payment

When comparing to the soaring rent rate in cities paying small amounts for a home loan is relaxing. Money lenders won’t increase the interest rate as the landlords do.

 

March 12, 2019