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Showing posts from May, 2021

Home Ownership: A Step Towards Self Reliant India

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In Oct 2020, the Prime Minister of India, Narendra Modi launched the distribution of property cards under the SVAMITVA scheme. He emphasized the fact that the scheme was a historic move that would lead to a complete transformation of rural India. The launch was made via video conferencing and described how it would make way for the rural population to make use of their property as a financial asset for reaping benefits and taking loans. This would also result in an end to quarrels and disputes among the villagers over land ownership issues. The scheme would provide the people with legal documents stating the ownership. With this proof, the citizen will gain confidence and have the confidence to explore new avenues of investment. It will also provide easier access to bank loans for employment. With homeownership, there would also be a more systematic and better implementation of development programs in the villages. The concept of start-ups in the cities and businesses in the villages h...

First-time home buyer? Budgeting tips to help you manage your finances

  Buying your first home can be an expensive affair. Despite the extensive planning and saving that goes into buying a new home, some people suffer financially from the mountain of payments that follow. If you are planning to buy a new home, these are some tips to keep in mind so that you are financially safe.   1. Maintenance and repairs  First-time homeowners tend to neglect to check on whether their new home requires repairs or maintenance. If you move into a house that had owners before you, make sure that your new home does not have any impending repairs like a leaky roof or faulty taps. These repairs can add up over time, causing huge financial loss. Make sure that you plan any such repairs into your budget.     2. Moving costs If you live in a rented apartment and buy a   2 BHK apartment in   Thane , you might not anticipate the moving charges that might pile up since you are simply changing houses in the same city. However, shifting h...

Mumbai-Based Real Estate Developer Dynamix Group to Invest Rs 350 Crore on Residential Projects

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Dynamix Group plans to invest close to Rs 350 crore in the next fiscal. The Mumbai-based real estate developer also plans to launch two to three new projects in Goregaon, Malad and Kandivali, subject to receiving approvals from the authorities, Jay Goenka, director, Dynamix Group, told Moneycontrol. The company has previously developed and delivered over 3 crore sq ft of residential projects across Mumbai, Thane and Goa. “We have four ongoing projects for which we intend spending close to Rs 100 crore to Rs 125 crore in the last quarter of FY2021. For the next fiscal, we are planning to launch two or three projects, depending on approvals. We are expecting to spend close to Rs 350 crore on these new projects and our currently ongoing projects,” he said. This year the company plans to deliver around 75 units in its  Aldeia De Goa project in Goa , which is spread across 143 acres. It has launched close to 1100 units between last and this fiscal, which are currently under construction...

Embracing the WFH Trend: Tips to Create a Perfect Home Office

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Not very popular with the Indian working culture, work from home (WFH) became a necessity due to the COVID-19 pandemic. Many global MNCs and other companies realized that maybe large buildings and office spaces weren’t required after all, after a few months into the WFH culture. Though some companies still have a traditional mind-set of working from an office, it was to be at reduced capacity which meant that WFH would still be part of the routine. A place like Mumbai, just like Hong Kong or New York is known for the expensive real estate and if you own one of the many  2BHK flats in Mumbai , you are lucky. Now how to turn this 2BHK into a perfect home office might not be known to all but certain ways can help you create the perfect working place. Choose the Right Spot You need to start by deciding what area of the house has minimal disturbance, allowing you to be productive. If you have a  2BHK in Dahisar  or Kandivali, chances are the main door opens right into the livi...

Developer Verification Guide for Homebuyers

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A brochure or hoarding will always show a developer and his/her projects in great light. The offers seem tempting, the project looks amazing –all in all, the project is made to appear like a dream come true. However, if you get stuck with the wrong builder with no credibility and legacy, the dream could soon turn into a nightmare. Be sure of the competence and resources of a builder before you make the purchase. Regardless of whether you are looking for  luxury apartments in Thane  or affordable  new residential projects in Dahisar , Dynamix Group suggests the following developer verification guide for homebuyers: 1) Basic credential background check Customer reviews, blogs, past projects, project sites, and past property locations can tell you a lot about the developer. A simple search of the builder or company can disclose a plethora of relevant information. Apart from secondary research, you can also do some first-hand questioning and inquiries from brokers, they can f...