Make your Bedroom Interesting with some fun Decor Elements

A comfortable bed, teamed with nice looking cushions, an attractive bedside hurry laid interestingly on the floor and freely flowing sheer curtains is a very picturesque visual. Sometimes these elements over a period of time tend to become monotonous. Keeping the relaxed aura of the bedroom in mind, a few modifications can add a whole new dimension to this space.

Unusual ideas and out of the box thoughts can convert your bedroom into a fun space-a place where you would look forward to spending an entire day; a place where you not only get to relax and retire to, but also feel enthusiastic about. Many homes keep a workstation in one of the bedroom corners. This works well if you are working from home. You can be motivated and more productive in an interesting spot in your home without being workaholic at the same time.

Furnishing

Having a canopy bed can make your bedroom look romantic and playful. Use bright colours like orange, purple and leaf green with subtlety whether it is the paint on the walls or the furnishings. A bedspread with bold prints adds vividness to the overall personality of the room. You can also get cushion covers printed with your face portraits making hilarious gestures. Make your bedroom look starry at night by decorating the windows with glow at dark curtains or even get the ceiling painted with a glowing solar system for a pinch of drama. An artificial tree could run through from the ceiling to the floor and its false branches can be used to place a telephone or hang a lamp, a wall artifact to add that feeling of unusualness to a bedside table.

Furniture

You can conceal your bedroom television behind a long sliding door and cover outer surface with an eye-catching poster of your favourite rock star or band. A collapsible window that opens on the inside as well as outside and rolls up can be interesting. The carpet or the wall to wall vinyl cover for the floor can be a fun work of art. Contemporary wall clocks with uncommon designs are another good idea.



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Why you must know APF number of a Project?

 

 Home buyers must check the Approved Project Financial (APF) number of a project before investing in a property. Buyers can quote this number for faster approval of a home loan.

Not many home buyers are aware that a project needs to have a valid APF number or code. This is crucial to determine that the project has all the necessary approvals. The APF number is provided by banks and financial institutions to the authorized builder of a house, building or a project.

The APF number denotes the approval of the bank regarding the project, paperwork, proposal, documentation, various clearances, loan sanctions and others.

Most developers have tie-ups with leading banks or non-banking financial companies (NBFC's) to provide home loan facilities to their customers. When a bank or NBFC approves a project for home loan facility, it provides the APF number to the concerned developer. This makes it easy for buyers. Who can just quote this number and submit their documents while applying for a home loan. This also means that the APF number saves home buyers the hassle of collecting the legal documents of the project from the developer.

In order to sanction a home loan, the bank carefully checks details pertaining to the individual property and the project. It needs to ensure that the property is built on a legitimate land and the construction adheres to the prescribed norms. A bank easily offers home loans for a project that has an APF number. This is because an APF code or number is proof that the project is authorised by the housing finance companies (HFC). Moreover, this also minimises the risk of repayment on the loan.

What if a project does not have APF number?

On the whole, APF number assures home buyers of sound legal and technical credentials of a project. APF number is another way of checking the accreditation and registration of a particular project from respective authorities. This includes various type of land deeds and title, government departments. environmental clearance etc.

In case a developer does not provide the APF number, there could be a possibility that the project lacks some type of approval from the relevant authority. This should therefore raise suspicion and must be investigated by home buyers. Make sure that you check this number before finalizing your home buying decision.



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Thane's Housing Market Sees Consistent Growth

According to Report, Thane has come forth as one of the most attractive regions for investment in Mumbai owing to its exceptional connectivity, excellent infrastructure support and flourishing commercial as well as residential markets.

Thane was known as an industrial hub, but now due to several factors it is favouring as an upcoming realty destination. If we look at the real estate growth in Mumbai for last three to four quarters, it is clear that Thane has emerged as the face of real estate growth in Mumbai when compared to Navi Mumbai and MMR (Mumbai Metropolitan Region). As per data, average capital values in the zone have recorded an average growth of 1 - 2 per cent in the last one year. This can be attributed to its growing commercial, residential, retail and infrastructure development.

Realty in Thane is witnessing a healthy growth for the last few years owing to improved infrastructure, excellent connectivity and thriving commercial and residential activity. Various highways, proposed mono railway project, affordable housing market and good connectivity to Mumbai make Thane an attractive destination for investment. Not just new but many reputed developers are also moving towards the fringes of Thane for building there projects.

Thane was known to be an alternative destination for those who could not afford to purchase a house in Mumbai. However, it has turned out to be not just an attractive destination but also a case study in urban development. With respect to appreciation potential, physical and social infrastructure, rental market, total liveability index and launch to sales ratio of the housing projects Thane fares better than Navi Mumbai and MMR (Mumbai Metropolitan Region).

Thane has been selected as one of the smart cities to be developed in the country. This has further given a boost to the real estate sector here. The area provides for all segments of housing be it luxury, affordable or mid segment. Also people from the city are shifting towards Thane in search of homes that are competitively priced but do not compromise on amenities and open space.

Growth Drivers

1. Relative affordability

Thane has emerged as the preferred choice for real estate investment due to the relative affordability it offers as compared to Navi Mumbai and MMR (Mumbai Metropolitan Region). Since prices have sky rocketed in Navi Mumbai too, which was earlier considered as the affordable cousin of Mumbai, buyers have now started moving towards Thane. One can find affordable housing projects on the fringes of the city which offer compact 1 - 2BHK units with amenities like piped gas, gym, club house, swimming pool, security, rain water harvesting, intercom facility, etc.

For instance, capital values in major residential pockets in Navi Mumbai like Belapur, Kharghar, Panvel and Ulwe range from Rs 6000 - 9000 per sq ft while emerging locations in Thane such as Ambernath, Badlapur, Kalyan and Khapoli offer properties at Rs 3500 - 6000 per sq ft approximately. These localities are also potential investment destinations as these have witnessed a healthy appreciation in the last few years.

2. More budget housing Launches

While Mumbai is reeling under the pressure of low sales and unsold inventory, residential sales in Thane are on the rise. Established developers like Squarefeet Group, Lodha Group, Rustom Developers and Aura Group. Have launched their affordable housing projects on the peripheries of Thane.

3. Infrastructure and Connectivity

What has worked out for Thane as an affordable and preferred realty market is the continuous improvement in infrastructure with the addition of new roads and flyovers, providing better connectivity by rail and road to other locations of Mumbai. Some of the important projects include Santacruz - Chembur Link Road, proposed fourth phase of the metro, underground tunnel from Manpada to Borivali, two proposed monorail lines that will connect Thane with Dahisar and Kalyan respectively. At present there are seven flyovers for which work is in progress which will connect Thane with Dahisar and Ghodbunder with Bhiwandi.

With the proposed smart city project the realty landscape in Thane is set to improve further. Thus, thus seems to be a good time to invest here as property prices will only upwards from here.


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Add a touch of splendour to an entire room with chandeliers

Visualise a luxurious home from half a decade back. Chances are that an ornate chandelier will be part of the imagery. Simply because it was a time when chandeliers were not just an integral part of the decor, but almost a status symbol. Even among the rich and famous, the grandeur of the chandelier would often decide the societal status of the owner. Despite having taken the back seat in the decor game for a while, the past few years have seen chandeliers making a comeback in various forms and designs that can be custom made to suit traditional, contemporary as well as fusion requirements.

However, there was a time when crystal chandeliers ruled the roost. In fact, these regal light fixtures were once reserved for formal dining rooms and grand entrances. "Today, it is mostly traditional bungalows, villas or palaces that crystal chandeliers are used in, as they add to the aesthetics of the living space while imparting an old world feel," says the principal architect of a design house. "While these chandeliers give an illusion of space and add a touch of splendour to an entire room with its distributed lighting, they can be installed only in spaces with a ceiling height of 12 to 25 feet height," he adds.

Apoorva Lamps, chandeliers today are no longer bound by rules. From antique styles in gold, black metal or brass to contemporary designs that consist of materials like tree branches, rope, metal chains etc, and the variety is endless.

Chandeliers have evolved drastically from the elaborate fixtures that they once were. Apart from the different shapes and designs available in the market, many of the pieces are custom-made to suit the taste and home requirements of the buyers.

Also, most contemporary chandeliers are fitted with CFL and LED lights that help cut electricity costs while upping the elegance factor of a room. These are also green options for your home.

 

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Home Loan schemes with an overdraft option helps save time & money

If you are thinking of taking a home loan and are confident of generating a surplus every month after paying the regular EMI, you can opt for loan schemes with an overdraft facility that not only cut interest payments significantly, but also reduce the loan tenure. State Bank of India, Standard Chartered Bank, HSBC and Central Bank of India offer such home loan products.

Under the scheme, as a home loan borrower, you can deposit any surplus that you have into the home loan account, though you retain the option of withdrawing the sum, if required. By depositing an amount higher than your EMI, you save on interest outgo. The principal amount on which the loan interest is calculated is the outstanding principal minus the savings deposited in the Smart Home account every month, over and above the EMI.

THE ADVANTAGES

Essentially, such home loan schemes work like current accounts with an overdraft limit. They also let the borrower maintain liquidity of his or her savings because the surplus funds parked in the current account are available for daily banking transactions.

Keeping any surplus in loan accounts is of greater value than investing in fixed deposits. This is more tax-efficient as interest saved via such schemes is not taxable, whereas the income earned is. If the excess funds were to be invested in interest bearing instruments, the interest earned would attract income tax and the effective rate of earning would be much lower. In fact, even if you are already servicing a regular home loan, you could look at switching to banks that offer overdraft-linked home loan schemes. The effective rate of interest will certainly be lower compared to the conventional home loan products.


THE COSTS

The main drawbac
k of such schemes is the higher interest rate—up to 25 basis points— compared to a regular home loan. Also, the product may not work favorably if you don't use the account for regular transactions. You should ensure that your routine banking transactions are carried out via this account. Maintaining a balance that is equal to 2-3 EMIs will also help deliver the results.

DOES IT SUIT YOU?

Such schemes may particularly appeal to double-income families who are in a relatively comfortable financial position. It's best to evaluate the terms and conditions of the schemes and, more importantly, assess your future income and savings. You need to ascertain whether your budget will allow you to make the most of the scheme's feature to offset higher interest rate of around 25 basis points that these schemes carry.

Borrowers who have surplus funds to park in the account, over and above the monthly EMI, should consider this product favourably since the savings on net monthly interest payments would justify the additional premium they pay for this feature. If you are servicing a regular home loan and plan to switch to such schemes, you need to carry out a cost-benefit analysis to ascertain whether a simple prepayment would be cheaper.



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Thane Scripts a New Realty Tale

Due to great infrastructural facilities and availability of open spaces and excellent connectivity the micro-markets of Thane are turning into realty hotspots

Thane has risen on the realty map of Mumbai in a very short span of time. Sunita and Vishal Khare, who are software consultants and have been living in a rented apartment at Chembur for the last four years, are among the new generation of buyers who now no longer want to stay on rent and instead wish to buy their own home in Thane. When they contacted a local real estate agent, they told him specifically to search for a flat in Thane and even if it is a re-sale flat, they are completely fine with it. Vishal explains, "If we are going for a resale property in a good area, we know the property titles are clear. The necessary social infrastructure is ready and we would not have to struggle every day for our daily necessities. Besides, Thane has emerged as a destination where residential development is complemented with strong infrastructure and improving connectivity. Hence, we want to invest in this area."

Manohar Bapat, a local broker in the area says, "For the last three years, the market had been sluggish in Thane. In this period, there were many buildings ready for possesion, which were available but there were not many buyers. Due to enroachment of private forest land and other clearance issues, home buyers were looking at areas that were 'popular' and wherein the buildings had a clear municipal title."


But now the scenario is gradually changing with buyers opting for areas, which were earlier considered `far flung' due to the improving social infrastructure and connectivity. According to Ramesh Nair, COO business and international director, JLL India, "Thane's residential property market has the unique advantage of being able to cater to almost every income group. Many areas in Thane like Vasant Vihar, Ghodbunder Road, Majiwada and Waghbil have become key attractions for buyers. But some of its newly emergent locations also show clear signs of superior town planning, very likely induced by learnings from other markets like Navi Mumbai. Today, Thane has clearly defined precincts for the upper-middle class of home-buyers. Thanks to intelligent land purchasing and planning, some of the major developers are now able to launch large integrated residential projects, which offer a lot more than just baseline amenities and facilities. Thane's excellent connectivity to Mumbai by road and rail has also helped boost its overall stature and desirability in the realty market."

Ateev Gala, executive director, Vijay Group agrees, "Thane Municipal Corporation (TMC) and the government bodies have planned many new infrastructural projects as well for improving the connectivity of the area with the rest of the city. The approvals have also come in and both, the developers as well governing bodies, are working to make Thane a self-sufficient city. The upcoming metro project, an improving railway connectivity and the growing IT and commercial space, have boosted Thane's realty quotient." Also, after the Kapurbawdi fly over has become operational, it has considerably reduced traffic congestion in this region. The proposed monorail, which will connect Thane to the western suburbs in its next phase, is yet another major draw for this location.

Sachin Mirani, director, Squarefeet Group, says, "Thane is attracting the attention of home-buyers as well as developers alike. In the near future, affordably priced properties in Thane will experience a steady rise in rates. In addition to all this, Thane is also endowed with multiple renowned schools, multi- specialty hospitals, shopping malls, avenues for recreation and enter-tainment, fine dining restaurants and eateries within an easy reach. While this area remains among the more affordable ones around Mumbai, there will be a steady rise in rates as development catches up with planning and existing supply getting absorbed by the buyers." But many buyers who have invested in the area in the last five years, also caution that before anybody makes a purchase, it's important they exercise due diligence by checking the documents thoroughly and making sure the area has strong infrastructure and connectivity. James Joseph, who bought a 2-BHK flat in Majiwada, four years ago, says, "Till date, we are facing a lot of problems due to an irregular supply of water. Besides, our area is not as well connected too to the railways station as compared to other areas. Hence, it's important that the authorities should look into all these problems before giving the permission for new buildings."

Talking about the popular areas in Thane, Shailesh Puranik, managing director, Puranik Group says, "At present, it is the Ghodbunder Road, which has become one of the most favourite destinations among home-buyers in view of excellent connectivity and infrastructure facilities it enjoys although nothing can take away from the GETTY IMAGES fact that it has taken a lot of years and efforts on part of both, the government and the developers, for the area to become live able."

But for most of the realty experts, even the upcoming areas of Thane, are going to give better returns, provided the area has good infrastructure. Vikram Kotnis, founder and managing director, Amura Marketing Technologies says, "Thane, as a destination, has definitely picked up, given the rates and the infrastructure being developed there. Hence, I am sure, in the coming time, besides the 'current favourite' localities, the remaining areas will also do well and attract the attention of buyers and developers alike."'


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