About VV PROPERTIES: Your Expert Real Estate Consultant Welcome to my blog! I'm DR. PRABHU VENKATARAMAN, a passionate real estate consultant with 14 years of experience in helping clients buy, sell, and invest in properties. My mission is to simplify the real estate process, providing you with the knowledge and confidence to make the best decisions for your unique needs.
Wednesday, May 22, 2024
Here are some space-saving solutions for your kids’ room
Wednesday, May 15, 2024
புதிய வீட்டுக்கு அலங்கார மின் விளக்குகளை தேர்வு செய்வதில் கவனிக்க
மேலும், இணையதளம் வாயிலாகவும் அலங்கார விளக்குகளை தேர்ந்தெடுக்க வாய்ப்புகள் அதிகரித்துள்ளன. இத்தகைய விளக்குகளில் பெரும்பாலானவை எல்.இ.டி., அடிப்படையில் தயாரிக்கப்படுவதால், மின்சார செலவு அதிகரித்துவிடுமோ என்ற அச்சம் வேண்டாம். சரியான விளக்குகளை தேர்ந்தெடுத்து வீட்டின் அறைகளை அழகானதாக்குங்கள் என்கின்றனர் உள் அலங்கார வல்லுனர்கள்.
Friday, May 10, 2024
Electric vehicle charging stations: An added benefit or a necessity?
Statistics indicate that EV charging stations in housing complexes are important. “More than 70 percent of the monthly battery charging happens in the residential parking lot, the balance gets done at office premises or a public charging stations ”.
How can these services be provided?
பத்திரப்பதிவுக்கு செல்லும் போது இதையும் கொஞ்சம் திட்டமிடுங்கள்!
Wednesday, April 24, 2024
Why Do Redevelopment Projects Get Stuck
Thursday, April 18, 2024
Under-construction vs. ready homes: Take your pick
We have compiled a list of advantages and disadvantages of both, thus allowing you to make a well-informed decision
Adilemma that often overwhelms homebuyers is choosing between a ready-to-move-in (RTMI) home or an under-construction one. Therefore, let us spell out the advantages and disadvantages of each option so that you can make an informed decision during your homebuying process.
Buying a finished project saves you time, but it also means paying a higher price. Moreover, in the case of RTMI homes, you can check the quality of the final product, which is not possible for a home that is still under construction.
With under-construction projects, there is greater flexibility in terms of payment as compared to RTMI. You can pay a token amount, and then easily pay the remaining balance over a longer period until the construction is complete. Additionally, you have the freedom to personalise the interiors according to your preferences.
“RTMI properties offer a good value proposition to discerning homebuyers and are least risky. Not only do they offer instant gratification, but they also do not attract GST. Under construction properties fall under the purview of GST, levied at five percent of the base cost of a property. Of course, this does not mean that all RTMI properties are risk-free by default. The number of illegal constructions or projects with non-sanctioned additional floors now being identified stand mute testimony to that fact,” explains Amit Goenka, CEO, Nisus Finance.
While earlier there was a difference in pricing (around 10 and 30 percent ) between a ready property and an under-construction property, the gap has begun to simmer down. “ The gap between ready-to-move-in homes and those still under construction has narrowed down over the years because there was an abundance of unsold homes of under-construction homes are going up due to increased input costs such as land and construction expenses,” mentions Prashanth Thakur, regional director, and head of research Anarock Group.
What are the key things that a buyer should keep in mind before investing in a home ( irrespective of whether it is a ready home or an under-construction home ) ? “ Make sure the developer has a good track-record of completing projects on time. When buying an under-construction home, avoid making a large up-front payment and instead consider construction-linked plans. If you’re considering a ready-to-move-in property, ensure all the amenities and facilities are up and running. Check for documents such as the occupancy certificate, title clearance, and other legal requirements. Lastly, consider your financial situation, family size, and job location, to determine which option suits you best,” says Akash Pharande, managing director of realty firm.
Manju Yagnik, senior vice president, NAREDCO Maharashtra concludes, “ Invest in a project, which is registered under the Real Estate ( Regulation and Development ) Act (RERA) as it will ensure that the builder follows ethical business practices, making your investment secure. Secondly, it will reduce the chances of project delays. Moreover, it will facilitate a speedy resolution of any complaints or issues that may arise during the construction process.”
Saturday, April 6, 2024
பிழை திருத்த பத்திரத்தை பதிவு செய்வதில் கவனமாக செயல்படுங்கள்!
Bigger the house, bigger the responsibilities
Here is a look at the aftermath of upgrading to a larger space Regardless of the size of the current home, many homeowners often nurture t...
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#eyedonation #service #socialservice
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Information of Land use both oral as well as in writing across the table. For copies of plans approved by CMDA both for plots as well as...