Monday 25 September 2017

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What's next for - India's office market?
September, 2017
Mumbai
CBRE along with CII launched a report recently on 'real estate 2020' and highlighted how the following themes will define the office market by 2020:

Advent of technology

With new and innovative technologies such as artificial intelligence, big data, data science, the internet of things, cyber security and cloud computing, etc. being adopted by corporates, mundane backend and regular business processes are becoming increasingly automated.

Rising agility

Occupiers, while continuing to expand or consolidate their operations in India, have become increasingly cautious, while deciding their real estate footprint. This cautious sentiment, in turn, has resulted in rising agility across all aspects of office space requirements: space usage, workplace design, leasing structures and even location.

home loan
Credits : www.freepik.com/

Innovative workplace strategies

Co-working space in particular is also expected to act as a key 'differentiator' to attract talent, especially the millennials. It is expected that with occupier focus on business operations over real estate decisions, increasing occupier awareness of co-working as an alternate option, the rising acceptance of remote working and an increased preference towards flexible leasing terms will be factors that will drive demand for co-working spaces.
The rate of enthusiasm on home credits is by and large in the scope of 9-12 for each penny, contingent upon the sort of moneylender and the profile of the borrower. The rate of enthusiasm on advance against property, is for the most part higher than home advances however lower than individual credits. The rates may change from 11-14 for every penny, again relying upon the kind of bank and profile of the borrower.

Increased transparency

It is anticipated that with the implementation of RERA and future REIT listings, there would be a paradigm shift in the mindset of the global investor. The risk associated with Indian real estate is likely to reduce, given that only leading, trustworthy developers with proven track records would be operating in the coming years.

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Wednesday 20 September 2017

HOME ADVANCE VERSUS ADVANCE AGAINST PROPERTY - CRUCIAL CONTRASTS



Reason

A home advance is taken with the end goal of either purchasing a prepared to-move-in house or with the end goal of booking an under-development property. Home advances are accessible for private, and also business properties. Then again, an advance against property is for the most part taken, with the end goal of raising extra supports for business. The credit against property might be gotten in two structures. It can be an unadulterated advance, under which, a single amount is paid to the borrower, against the security of a steady property. On the other hand, a credit extension might be set up as an overdraft office with a set cutoff, in light of the estimation of the property and reimbursement limit of the borrower.
Credits against property may likewise be gotten for individual purposes like training or marriage in the family. An advance against property can likewise be benefited, to fund the buy of another property, on the off chance that it is unrealistic to get a home credit against the property, because of any specialized reasons like imperfection in the title of the property being bought. The security swore, for taking a credit against property, might be a private or business property. If there should arise an occurrence of a home advance, the property to be obtained is swore with the bank, though in the event of a credit against property, another property is promised and not the house that is being bought.

Tax breaks of home advances and advance against property

For home credits taken to purchase a private house property, the borrower can assert twin tax reductions under the wage impose laws. The primary advantages is for the reimbursement of the foremost segment of the home advance, which is accessible under Section 80 C, upto Rs 1.50 lakhs for all the private properties taken together. This reasoning of Rs 1.50 lakhs is accessible alongside other qualified things like open provident reserve, commitment towards representative provident store, life coverage premium, school expense for kids, national investment funds authentications, ULIP, ELSS, and so forth. The other advantage is accessible under Section 24(b), for the intrigue paid on such advances. This advantage can be benefited notwithstanding for business properties and furthermore on sums acquired from companions and relatives.
For a credit against property, the accessibility of tax reductions will rely upon a definitive utilization of the cash acquired. On the off chance that the cash is utilized with the end goal of your business, the premium paid and the accidental costs, such as handling expense and documentation charges, can be guaranteed as business consumption under Section 37(1) of the Income Tax Act. In the event that the advance is utilized for individual purposes like marriage or instruction of your kid, the enthusiasm on the same can't be asserted under the present assessment laws. On the off chance that the cash is utilized with the end goal of financing another house property, at that point, the same can be guaranteed under Section 24(b) of the Income Tax Act. The premium claim would be permitted, just in the event that you are convincingly ready to build up the connection between the cash obtained and its definitive utilize.
Nonetheless, you can't assert any advantage for the key reimbursement on an advance against property that is taken to back another house, as the cash acquired can't be dealt with as a home credit.

home loan
Credits : www.freepik.com/

Edge necessities and rate of enthusiasm for home credits and advance against property

To shield themselves against a decrease in the market estimation of the benefit, loan specialists don't loan the full estimation of the security/fundamental resource. This distinction that the loan specialist holds while loaning, is known as the edge. The edge cash on account of a home advance, is the cash that the borrower should fund without anyone else. The edge necessity for home advances is by and large controlled by the Reserve Bank of India, on account of banks and by the National Housing Bank, on account of lodging fund organizations. The edge cash likewise relies upon the measure of home advance profited. The most extreme advance that a loan specialist gives, is just upto 90 for every penny of the estimation of the property. Along these lines, the purchaser needs to put in 10 for each penny. For high-ticket home credits, the edge necessity can increment to 25 for every penny. For advance against property, which is not secured under need area loaning, the banks need to keep a higher edge, which can run from 24-40 for each penny of the property.
The rate of enthusiasm on home credits is by and large in the scope of 9-12 for each penny, contingent upon the sort of moneylender and the profile of the borrower. The rate of enthusiasm on advance against property, is for the most part higher than home advances however lower than individual credits. The rates may change from 11-14 for every penny, again relying upon the kind of bank and profile of the borrower.
Henceforth, a home credit is the best choice, for people who need to purchase a readymade house or book an under-development property. Nonetheless, on the off chance that you have any title imperfection in the property to be bought, you can back the same by method for an advance against your current property.


You may also contact us at - +91-22-25452903, 66543333 or
Email us at - sales@squarefeetgroup.in

Squarefeet Group


Satyam Building, 2nd Floor, M G Road,
Opposite Navpada Telephone Exchange, Above Punjab National Bank,
Naupada
Thane West - 400601
MaharashtraIndia
+(91)-22-25452903, 66543333
info@squarefeetgroup.in

Monday 18 September 2017

APRIL-AUGUST 2017 SAW PROPERTY REGISTRATIONS IN MAHARASHTRA GROWING BY 28%


As per the Inspector General of Registration and Controller of Stamps (IGR) department, property registrations in Maharashtra in the first five months of the financial year 2017-18 registered a 28 percent hike as compared to the last year.
About 158,051 property registrations were recorded in April-August 2017 as against 2,01,764 property registrations reported during the same period in the last financial year.
Experts state that the implementation of the Real Estate (Regulation and Development) Act (RERA) was the primary reason for the increase in registration numbers.
Jaxay Shah, Presient, Confederation of Real Estate Developers' Associations of India (CREDAI), has stated that the high number of registrations of ongoing projects under Maharashtra real estate regulatory authority (MahaRERA) would push up the demand for properties among homebuyers in the coming months.
MahaRERA officials share that about 12,500 ongoing projects, covering over 15.5 lakh properties in the state, have aoolied for registration under RERA.
home loan
Credits : 99acres.com


You may also contact us at - +91-22-25452903, 66543333 or
Email us at - sales@squarefeetgroup.in

Squarefeet Group


Satyam Building, 2nd Floor, M G Road,
Opposite Navpada Telephone Exchange, Above Punjab National Bank,
Naupada
Thane West - 400601
MaharashtraIndia
+(91)-22-25452903, 66543333
info@squarefeetgroup.in

Source - 99acres.com



Friday 8 September 2017

62-OF-NEW-LAUNCHES-IN-FIRST-HALF-OF-2017-IN-AFFORDABLE-SEGMENT-REPORT



Mumbai
As many as 62 percent of the new launches during January-June 2017 period were in the affordable housing segment, a recent survey revealed.
According to a report by Anarock Property Consultants, the affordable price segment dominated the residential units supply in H1 2017.
home loan
Credits : freepik.com
"The recent new launches trend shows that demand for affordable housing with ticket sizes in the range from Rs 5 lakh to Rs 40 lakh is continuously growing," the report said.
During the first half of the year, the top seven cities including Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR, Pune and Kolkata, recorded more than 60 percent of total residential units supply in the affordable segment.
"The majority of projects in the affordable housing segment were launched in the peripheral boundaries of the top cities, largely due to non-availability of contiguous land parcels for large-scale mass housing developments and skyrocketing property prices in the central locations of our cities," it said.
The report said that in the H1 2017, the share of the affordable housing segment in new launch supply increased by 16 percent over the July-December period of 2016.
On the other hand, the mid and luxury segments witnessed a decrease of four percent and nine percent, respectively, in the same duration, it said.


You may also contact us at - +91-22-25452903, 66543333 or
Email us at - sales@squarefeetgroup.in
Source - magicbricks.com

Squarefeet Group


Satyam Building, 2nd Floor, M G Road,
Opposite Navpada Telephone Exchange, Above Punjab National Bank,
Naupada
Thane West - 400601
MaharashtraIndia
+(91)-22-25452903, 66543333
info@squarefeetgroup.in


Wednesday 6 September 2017

STEP BY STEP INSTRUCTIONS TO MAKE YOUR HOME PET-ACCOMMODATING


Property holders who wish to keep pets at home, need to guarantee that their home takes into account its needs and gives a sheltered domain to all. We clarify the rules and regulations
Other than giving brotherhood, there are additionally remedial advantages of owning a pet. In any case, owning a pet is likewise a dedication and a duty. Thus, mortgage holders ought to guarantee that the house is sheltered and agreeable for their pets. Despite the fact that a pet can flip around your home, things by and large change as the pet grows up and you figure out how to conform to its conduct and needs.
Wooden ground surface is generally elusive. Pets love to circled and wooden deck may cause genuine damage. In this way, maintain a strategic distance from it.
All staircases must be blockaded, to keep little pets from moving down or attempting to move up, unattended. Additionally blockade all flame broils that disregard bring down floors, as your puppy may endeavor to hop down. All overhangs and windows with wide flame broils, must be coincided so puppies can't experience them.

home loan
Credits : freepik.com

Securing your home's style

Individuals with mutts or felines at home, are probably going to find that their couches are secured with hair, regardless of how frequently they vacuum the house. Thus, settle on couch covers that can be taken off and washed every so often. When you have visitors at home, you can evacuate these spreads.
To keep the house perfect, one ought to likewise assign a feasting range, a latrine territory and a comfortable dozing zone for your pet. To guarantee that they don't ruin the floor with pee or crap, proprietors should begin potty preparing from the main day the pets get back home. Constant and right preparing for the initial couple of days is imperative.
Most pets will tend to walk directly into glass. In this way, put an iced film, or a decal on the glass to keep away from mishaps. Pets can likewise get hurt by swinging entryways or get secured a room. In this way, utilize entryway plugs that are overwhelming, so the pet won't have the capacity to play with them.

Guaranteeing solace for your pets

Felines and little cats tend to scratch, to hone their paws. Purchase a scratch cushion, with the goal that they don't scratch your furniture. Guarantee that strings on window ornaments and wires don't hang at a low level. Keep little questions, stationery and kids' toys, pharmaceuticals and family unit cleaners far from your pets' compass to keep them from gulping these articles.
Birdcages ought to be avoided windows, to shield the pet from the sun's warmth and rain. Aquariums ought to likewise be avoided coordinate daylight, to keep the development of green growth, which will influence the water to green. While painting, cleaning or doing irritation control treatment, keep the fish tank away, as the chemicals noticeable all around may slaughter the fishes. Additionally, keep the tank far from wellsprings of noisy commotion and check the electrical gear of the tank frequently.

Tips for property holders with pets

1. Vacuum-clean the house frequently.
2. Hard ground surface and against slip tiles are perfect for homes with pets.
3. Provide ventures for pets to climb onto high furniture. Else, their nails can tear the upholstery when they have a go at climbing.
4. Protect the pets by covering sharp edges of furniture.
5. Store family unit chemicals in a bolted bureau and keep crystal and lit candles far from the pets' scope.
6. Use wide and low wicker crate to store all the pet's toys and to abstain from jumbling the house.
7. Most basic family plants are toxic to canines. Thus, keep plants like jasmine, poinsettia, castor bean, lantana, philodendron, and so forth., out of their scope.
8. Keep dustbins and latrine covers shut. 


Source - housing.com

 

Squarefeet Group


Satyam Building, 2nd Floor, M G Road,
Opposite Navpada Telephone Exchange, Above Punjab National Bank,
Naupada
Thane West - 400601
MaharashtraIndia
+(91)-22-25452903, 66543333
info@squarefeetgroup.in