Ongoing projects of Ram India Group

At this time when the Pune’s real estate market is witnessing a slowdown due to the reduction in the sales of the projects in the city owing to the rise in prices, there are still some builders and developers like Ram India Group, which are providing the home buyers with multiple options for homes and investments at affordable prices without compromising on quality.

The Ram India Group has some of the ongoing projects that are crafted with precision, constructed with pace and embellished with enticing features. One of the ongoing projects is the Livogue. The project is located in the prominent location of Hadapsar , which is home for many MNCs  in the IT Park. The location also has great connectivity to other places of the city that ensures the people living in this  location stay connected to the city life at all times.

One of the main aspects of this project by Ram India Group is to provide the people with homes that are futuristic. Homes that have smart features which not only make the living experience more smarter and convenient, but also add more charm and elegance to the living space with least clutter and more beauty around.

With an immaculate blend of nature’s beauty and modern technology, these smart and futuristic homes can add that missing touch of classic and dignified living experience of your lifestyle. Having a home is a dream for most of us, but opulence is something is desired by all. Lavish properties that reflect the magnificence in their exteriors and beauty in their exteriors enhance the overall standard of living of the people, Alluring amenities and specifications of international standards are truly a customer’s delight. These include features and facilities such as gymnasium, swimming g pools with massage nozzles, club house with Carrom, table tennis and chess, temple, Wi-Fi connectivity, etc.

All these features in homes in Livogue are excellent to add much more to your comfort at home. So, the home buyers who are hunting high & low for a home that fulfill their requirements of a home, a glance at the project may add to your list of favorites too!

Home buyers! Time to get on your toes..

Buying property is, time and again, perceived to be a hectic, tiring and a mammoth task for the first home buyers. However, with what we have recently got to know, the home buyers will have their half of the problematic issue resolved.

Yes!  The Housing Ministry has approved the recommendation of parliament panel regarding the real estate regulatory bill. You must be thinking what exactly is the real estate regulatory bill. It is a bill that was proposed to appoint a regulatory authority in a state/union territory to audit and supervise the activities and deals in terms of transactions that are taking place in the real estate industry. This monitoring will bring in more transparency and reduce ambiguity in the home buying process for the regulatory authority as well as the home buyers.

So what exactly are the amendments made in this regulatory bill?

According to a source, there are few amendments made in the bill which would protect the small property buyers. It is understood that the parliament’s panel has recommended the housing ministry to cover the housing projects on area below 1000 Sq.m in the proposed  regulatory bill.

If you are confused about what is the objective of this regulatory bill, then read further to know about it.

The bill seeks to appoint/establish a regulatory authority in the real estate so as to regulate and promote the industry and also contribute towards the sale of the real state properties like plots, apartments or buildings  with complete efficiency and transparency and to protect the consumers and end buyers of the real estate sector. The authority shall also cater to the appeals  about the discussions, decisions and orders through the establishment of an appellate tribunal.

However, it is mandatory for the builders and developers to disclose all the details regarding the projects that are registered with the authority. Also, the promoters or agents must not alter the information while selling or promoting the project.

So, all the home buyers out there! Here is something more for you! Bring your dream home closer to reality! Start exploring…

Have you overpaid for your property?

What is the total cost of your property?

Do you know the cost of the various elements and assets you have paid for in your property?

Not of all of them!

If you have not bought a property till now, then this is the time you must know about the fundamentals that can help you reduce the property buying cost when you are searching for your dream property! Here are a few ways you can try to bring down the cost of the property you are about to purchase. Have a look!

Since most of the apartments have car parking, you can request the builder to reduce the cost of parking area.

You could also negotiate with the builder on the floor rise premium and can save a large amount of money with that.

When you find a property in your much desired location, then at times, the builder demands the preferential location charges which you can try to negotiate and get it reduced.

If you have been searching for the right property with the help of a broker, then you can negotiate with the broker to reduce his service charges so as to reduce your expenses in the overall property buying process.

If you have planned to opt for a home loan from the banks, then get the approval from the bank beforehand. Also, choose wisely between the banks that are offering loans at rates of interest  and EMIs that suit your affordability. You can try to negotiate on the bank related charges.

Thus, these are some of the ways which can help you reduce your property cost without compromising on the quality, features and facilities that the builder is offering in the project. So, this time, when you search for a property, get all the details about the construction from the builder and try to negotiate on the cost of the property. Remember, the key to reduction of cost of property is “NEGOTIATION”.

Also, let us know if this helped you in your property buying process to reduce the cost of property. We’ll be happy to hear from you!

Skills count in the process of home buying

Home buying is one of the most critical financial decisions that any first home buyer would take in his/her lifetime. Buying your first property indeed, gets you excited about the entire home buying process as you want it to be a pleasant experience overall. However, going ahead with the property buying process in the absence of consultant can bring in complications in the process. As a home buyer, you will confront a lot of questions and doubts related to the property types and features including amenities, interiors etc. which need to be addressed appropriately in order to make a more informed and confident property buying decision.

This requires skills so as to avoid the mistakes that any first home buyer would make. Starting from the well assisted approach with precisely defined objectives of buying a home to finalizing the budget for the property, the whole process requires the skills in order to streamline the complete process for a smooth, hassle-free property buying. At the beginning, it might appear to you a lot more easy, but, searching for the right property in right budget at right location involves a lot of research and pre-planning.

Considering the instant availability all the information required via internet, nowadays, most of the property search takes place online. But, the information collected on the grounds from realtors that takes into count their years of experience still stands apart and trustworthy. Having a consultant to guide you through the property buying process will not only protect you from falling into various pitfalls, but, will also save you time and money and various other resources involved in the process.

As a new home buyer you might get influenced and even mislead at times, which would result in mistakes that cannot be rectified later. Where as a realtor will work to negotiate keeping in mind your financial interests, helping you buy the right property that fits your budget and has your desired features and amenities in a good locality.

5 Worst Mistakes you Just DON’T want to make!

Imagine you are buying a property or your dream home and you are on the verge of completing the formalities of getting that home registered in your name, but, at the last moment you realize that the dream home that you have almost got registered in your name is beyond what you can afford and you will not be able to stretch you budget till that extent. What will you do?

This is just an example, however, you would not want to risk your earnings or overstretch your budget which would make it really difficult for you to manage later. Many of the first time home buyers often end up making worst mistakes which later prove to be very tough to be corrected or rectified.

Hence, understanding the mindset of the first home buyers, we are enlisting the 5 Worst mistakes that you should avoid making while buying a property.

1. No Market Research: when you begin to search for your dream property it is important that you are well informed about the property trends in a particular locality and the property rates existing there. Hence, you must carry out a proper market research so as to avoid paying more amount than the actual price of the property.
2. Relying on Agents: Agents show you multiple property options to choose from but, thinking that the agents are working for you, then that is where you are making a mistake. Agents work for the builders and hence, will try to sell the property to you anyhow.
3. Having Doubts: Not getting doubts cleared is a big mistake. It is okay to ask as many doubts as you have as the agent or the builder understands the concerns any first home buyer would have. So, find out all the details about the property you want to buy, its actual price, the amenities the builder is offering you, the total built-up area, the carpet area, loading, etc. and get all your doubts cleared.
4. Finding property without financial approval: Buying a property in straight cash is not what we can do. We all plan to get loan to pay the amount for the property. Hence, searching a property before having a financial approval is a mistake that you can avoid by applying and getting approval on the loan. This way you will also be aware of the total amount the financial institutions are ready to give you as loan.
5. Overextending the Budget: sometimes, when we see multiple property options, we compare and choose the best out of the options available and agree to overextend our budget if the property tends to exceed our budget by a wide margin. This is one of the common mistakes that we do. But, we do not realize that in the long run, it gets difficult to rectify this mistake. Hence, choose a property that s close to your budget.

Kinds of Loans against Securities

Previously we had discussed about secured and unsecured loans in India. Today, we shall speak about the loan alternatives that you can opt for in case you possess an asset.

• Loan against Gold: The best thing about gold loan is that the processing is quite quick as compared to other loan processing time. The gold loan is processed depending upon the security you deposit. The rate of interest is directly proportional to the margin of security you deposit. There are no pre-processing charges and not much documentation is involved
• Loan against your Insurance Policies: Some of the insurance policies are eligible to get you a loan. This can be known if you have a surrender value associated with your insurance policy. This is surrender value is available mostly after payment of 3 yearly premiums.  If your insurance policy has surrender value then you are eligible to take loan that is close to 90% of the surrender value.
• Loan against fixed deposit: Like many people you too would have fixed deposits which you would not wish to break in case of an emergency. At such times, you can opt for a loan against fixed deposit. The interest rate charged would be 1-2% higher than the interest earned on your current FD and you can take loan for about 75-80% of the current FD.
• Loan against property: In this type you can opt for a loan against property which could be either residential or commercial. Banks can give loan up to 50% of the market value of the property. Usually this type of loan is opted for large amount of loan.
• Loan against other investments:

1. Shares and Mutual Funds: You can opt for loan against shares and mutual funds too. However, there are only few approved funds and shares that can get loan sanctioned for you. Because of the volatile nature of value of shares and funds, you are likely to be asked for more margin while applying for loan.
2. Public Provident fund: You can also opt for loan on your PPF account. However, you are eligible to opt for loan from the 3rd year to the 6th year and the loan amount will be only 25% of the balance in your PPF account 2 years back.

Kinds Of Loans In India Against Properties

Ram India Group - Pune

India is a growing economy where the majority of the people are looking for properties, either  for  investment purpose or for making a property purchase for residence or both. The nation has caught the attention of many of the international investors who have plans to invest in property in different locations of the country like India.

Many of you would also be willing to buy a property in one of the cities in India but before you go ahead with buying a property in India, you need to have sound knowledge about the loans that the banks are offering and against what asset you can opt for a loan. In this blog we will be discussing about what are the different kinds of loans that you can opt for against various securities and then move on to the alternatives you can opt for loans other than the personal loan in the upcoming blogs.

Have you ever given a thought on what all kinds of loans are available for you in India?

These could be assets which you can mortgage as an existing asset and use to apply loan at a lower interest rate.

Basically, there are two kinds of loans, Secured Loan and Unsecured Loan.

Secured Loan: It is a loan where the loan lender has access to some sort of asset of the borrower which stands as a security for the lender in case the  borrower is unable to repay the loan. The lender in this case can liquidate the security asset and regain the full or partial amount of the loan granted to the borrower as this acts as a sense of security in Secured Loans and hence, the rate of interest is lower on these loans. 

Unsecured Loan:  In this kind of a loan the lender of the loan does not have any access to any of the assets of the borrower and in case the borrower runs away, the lender has no way to regain the loan sanctioned to the borrower and hence, due to this the rate of interest in this kind of loans are higher than that of the secured loans. 

If you are willing to make a property purchase with a real estate firm like Ram India Group in Pune, then you can apply for a home loan anytime after you have decided to acquire or construct a property, even if the property has not been selected or the construction has not commenced. Besides,you can also avail of the loan facility even if you want to renovate or extend your home.

We shall discuss about the different types of loans that you can opt for a home loan in our upcoming blogs. Till then stay tuned.

Read More :- 

1) Impact of increase in Stamp Duty in Maharashtra

2) Top three IT centric locations in Pune you may consider for investment