7 Awesome Simple yet Different Christmas Tree Decorating Ideas for Your Home

Christmas is the time of the year when decorations give our homes an all new makeover till we welcome the New Year with all wide smiles on each of our faces.

Everyone loves Christmas trees, but, many of these can take a lot of space in your home. This often turns out to be a problem when you have limited space. And the thought of having multiple 

Christmas Trees at home remains a dream for many.

Here are a few jaw dropping ideas that are not only cost effective, but are efficient as well! You can decide the sizes and even the colors in many to give it a fine touch of your artistic skills.

Try these awesome, simple yet different Christmas Tree decorating Ideas that you can apply in decorating your Christmas Tree this time. And yes! You can have as many as 7, in your little home this year! 

1.  A Christmas tree out of stacked books:
   
   
   
2. A Christmas tree of real branches:
   
   
   
3. Hollow tomato cages for a Christmas Tree
   
   &
   
   
4. You may try another way of using hollow tomato cages and some found leaves for a Christmas Tree again!
   
   
   
5. How about using old book pages for a Christmas Tree?
   
   
   
6. Using an old ladder to create a Christmas Tree?
   
   
   
7. And if you could put those broken wooden rulers into making a Christmas Tree?
   
   
   
   Try them today! 

Lifestyle Features at Esmeralda in Kadamba, Goa

In our previous post, we spoke about our residential project in Goa, Esmeralda. As said, this post is regarding the lifestyle features that are provided to the residents at Esmeralda.

So, what would be the desired set of lifestyle features you would love to have at your home and specifically in Goa, then what enters your mind?

Like any other residential property in other cities in Maharashtra or any other state for that matter, lifestyle features add comfort to your routine life. But, when it comes to living in Goa, the exotic environment and refreshing ambience are the plus point to look at!

Here are a few of the lifestyle features at Esmeralda, Goa:

• Clubhouse
• Swimming pool
• Outdoor Gym
• Children’s Play Area
• Coffee Shop
• CCTV Surveillance
• Jogging track
• Skating rink

So, if you are fond of working out, a well equipped gymnasium is right there! And, if swimming is your way of relaxing, you need not rush to any beach, a swimming pool is there. 

Considering that the New Year is approaching, what better way could be to start your new year in a new home in Goa?

 With the vacation time at its peak, how about adding a home in Goa to your prominent destination for all your upcoming celebrations?

Yes! Grab the opportunity before it’s too late! 

Presenting Esmeralda in Kadamba, Goa by Naiknavare Developers

When it comes to Goa, most of us consider it a destination for a perfect for a holiday, but what if we present you exotic residential properties in the very picturesque environs of Goa?

Exactly that expression!

Most of us might be only interested in visiting the place for a relaxing vacation, but, logically speaking, how about having a second home in Goa where you do not have to worry about any of the additional expenses of staying in expensive resorts and hotels in Goa?

Naiknavare Developers have recently launched Esmeralda atKadamba in Goa that is spread over 9 acres of green area and offers uniquely designed homes.

One can explore a variety of configurations that the project provides namely, Studio apartments, 2 & 3 BHK apartments, 4 BHK Duplexes & Row Houses. Esmeralda’s project highlights, that are covered below, make it a perfect second home destination.

Where the 5 elements of elegance are in true synergy, you get to experience blissful springs all round the year at Esmeralda. Exclusive luxury row houses in Kadamba, Goa stand out with their architectural appeal.

If you long for open spaces to have a great time with family, the open spaces here and uninhibited surroundings truly make residents feel as one with the sky. And ultimately, with 70% of the total acreage of Esmeralda dedicated to greenery, the project truly lives up to its name which translates into “Emerald Green”.

So, if you want to turn Goa into your second home destination, stay tuned for the lifestyle features at Esmeralda in Kadamba, Goa, which we will share in our upcoming post. 

Is Balewadi emerging as an investment destination?

Investment in the Real Estate in Pune has been a productive decision for the ones who invested in properties few years back in the city. However, the city’s real estate has developed over time and it is difficult to find nice properties for the purpose of investment as well as property buying today due to the various options available in different locations of the city.

But, does this mean there are limited properties in Pune to invest?

Well, maybe! But, Balewadi is the location that is rapidly emerging area on the western corridor of Pune with steady growth over three to four years. Tremendous growth in this area and a transformation from a rural area to the one of the most preferred residential areas.

 Balewadi is located close to Baner and Aundh and  Pune Municipal Corporation has decided to develop 1,000 acre of Aundh- Baner with a part of Balewadi thus, making Balewadi an emerging investment destination. This turns out to be an exciting opportunity for the people who have been planning to invest in properties in Pune for better ROIs. The residential market in Balewadi has seen a steep rise in property prices in the past few years and the strategic location of this place has made it 

a prime residential target today.

Many residential properties are being constructed in this region of western Pune and Avon Vista being one of the ongoing projects of Naiknavare Developers is strategically located in Balewadi. The project has a right blend of aesthetics, practicality and economy that makes it suitable for the potential home buyers  to take into consideration while planning to buy or invest in property.

You can explore the investment option in Balewadi Here. 

10 DIYs to bring out the artist in You!

Sometimes at home all you need are a few innovative ideas to transform your home into a new home with a whole new look and appeal!

Here are 10 DIY ideas you can apply to your home to give it a whole new look and feel!

1.  Lets the walls do the talking- decorate your walls on the cheap! How about adding a grid of clean, white frames of black and white photos to add a touch of glamour to the empty walls? Yes! You got it!

2. Illusion of Space- trying to make room for more space? How about making a narrow room appear wider with a long shelf that can be doubled as a mantel to display the decorative objects of your choice?

3.       3. A Mirror shows it all! – Adding a mirror in your room can make the room appear spacious and bigger reflecting the surrounding patterns and colors.

4.       Redo the space with a Rug- renovating space can be done without having to spend much and adding a rug to the space is the ideal way to redo your room!

5.       Pillows are your buddies! – Revamp your sofa with bright colored pillows to highlight more space and colorful ambience of the room.

6.       Let the lights glow your room bright - Changing light is the key to add more charm! Upgrade your light fixtures with a mix of finishes such as antique brass hardware.

7.       Bring out the artist and creativity in you with through a box of paint! – Wall colors set the tone and mood of the room, so choose  the colors that stand for cheerfulness and positivity.

8.       Organizing random objects with trays can add more free space. – Organize objects and items such as TV remotes, other knickknacks on a pretty tray placing beside a coffee table.

9.       Paint the lampshades for an entirely new look – How about getting an inexpensive paper shade and painting it red to add a touch of romance to your room? The results are even better than how it appears in your imagination!

10.   Change the pattern of your artworks - Yes the display patterns  of your art works can pull out a whole new appearance of your room!

      If you have any other decorative ideas, let us know how you do them and we shall share them with our readers!

EMINENCE- A realm of Pure Opulence

Opulence has its own magic that has ruled the minds and hearts of millions of people all this while. However, when it comes to opulence in lifestyle and living in the current scenario, the quality of life is all that it speaks of!

EMINENCE by Naiknavare Developers is one such host of opulence in Pune located in Viman Nagar.

By the name itself, these residences at Eminence define the status of being high ground!

Wondering what is new in there?

Here is what you can experience at EMINENCE by Naiknavare Developers:

• Eminence is all about the extraordinary! (Yes, you need to be unlike the commons to be residing here at Eminence! Of course, residing here itself will make you extraordinary!)
• The feeling of residing in a realm of exclusive designs and innovative creations (because innovation and creativity is not something you get in every home!)
• Exploring the expansive spaces beside the exceptional opulence (it’s all about having room for all your belongings and activities)
• Eminence, as the name suggests, are prestigious residential spaces in Viman Nagar (prestige has its own taste of luxury)
• The views that capture the richness of Pune’s peripheral mountainous heritage.
• Enjoy the unmatched experience of the natural outdoors to 47 absolute and exclusive dwellings (yes! They are only 47 in number!)
• Every inch of designed architecture gives you an unchartered experience to relish an ambitious design statement of the space (designs can be many but only few grab your attention!)
• The distinguished packing of the hexagonal apartment with back and forth sliding floors
• Maximum light, space, views and utility at the same time.
• Well! If that sounds a little different, here is what unique sounds like! - The grand sky-walk entries into every dwelling being one among the many unique elements of EMINENCE

So, when are you becoming the Extraordinary? 

Projects for SLUM REHABILITATION in Pune

One can for sure, fall in love with the cultural city of Maharashtra for its happening night life and high standard of living, however, cannot ignore the slum areas in the city.

What is the need for Slum Rehabilitation?

Pune, the cultural capital and educational centre of Maharashtra state! The affordable housing provided by the urban local bodies, private housing sector, town planners & the private developers does not match with the speed of urbanization. Purchasing a property of one’s own has now become out of reach for the common man in the city due to the increasing rates, thus resulting in the formation of slum pockets in the urban areas of the city.

Naiknavare Developers Pvt. Ltd., under the SRA scheme, has taken this opportunity to build well structured residential and commercial spaces in the slum areas of Pune like the ones near Dandekar Bridge and Ramtekdi in Pune.

If we speak about the location of Dandekar Bridge, there exists the Parvati Temple, one of Pune’s historical landmarks created by the Peshwas. The 1961 floods led to devastation in western parts of the city which resulted in a housing crunch for the people belonging to the economically weaker sections of the society. The foothills of Parvati hills and adjoining areas, then turned into an ideal spot for the people to build temporary shelters which then led to the establishment of shanty towns on both sides of the Sinhagad ROAD.

Naiknavare Developers Pvt. Ltd. aims at constructing  1000 permanent self-contained dwelling units and commerce generating structures across 6.5 acres of land in the Dandekar Bridge slum region for slum rehabilitation in order to bring about a marked improvement in the overall area.

Naiknavare Developers have been trying to ensure that they add  to the overall growth of the people of the city and also in improving the quality of lives of the people of the slums. 

Baner- A potential zone for housing and property buying

Pune has been, not surprisingly, the city with huge demands for residential spaces due to some of the most prominent IT Hubs, international educational institutions, high class infrastructure and various medical institutions. These have contributed to a great extent towards the life that we live in Pune at present. The fast moving days and the magical city nights are all part and parcel of life in a metro. However, for the builders and developers, exploring a location for housing and real estate projects construction is not easy. Builders have to monitor the price trends in that location, the investment required for the project, the local neighborhood of the site and many more such things.

Considering the Baner location of the city, the region emerged at a time when the residential prices in the central Pune were on a new high and the potential buyers and investors were hunting right properties for investment and the end use.  Post the IT developments in the city, new dimensions of real estate emerged in Hinjewadi area and later it spread to the Aundh region. However, the Aundh region could answer to the emerging demand for homes in that region only to a certain extent. Baner arose as a propitious location that could take control of the demand for housing for the established IT parks in Hinjewadi and also the overflowing demand for homes across Pune central.

Since then Baner has witnessed historical appreciation of 20-25% in property prices in the past few years. However, similar to other cities, Pune too faced the making of record of unsold properties including the new launches in the last year. With the reduced new projects in Pune to around 30% between Oct 20014 to Mar 2015, Pune’s real estate market seems to be passive at present. However, the availability of affordable properties, good negotiable range in pricing, IT hubs are all attracting buyers which have managed to keep the real estate market intact despite the slowdowns in the recent times.

Buying a property in Pune in locations like Baner can still get the buyers good residential properties in the coming time as many new launches are expected to hit the real estate market soon. One of the builders and developers is Naiknavare Developers Pvt. Ltd. Stay tune for more updates about the same. 

Hunting high & low for properties in Baner?

Baner, one of the most preferred locations in Pune for housing and home buying.

Do you Agree?

Well! We do. Here is why you too might agree.

 Baner, as a location happens to be close to Hinjewadi area as well the Pune central region. It turns out to be the ideal location that people who are working in the IT Park in Hinjewadi look for while buying a home. Ideal location because of having office just a half an hour drive away and the frequent ply of buses and other transportation facilities.  Pune central region also located in close vicinity ensures casual hangouts in evening during free time with family and friends for some quality time.

With the advent of more real estate projects in the Baner location, it is grabbing attention of more and more investors and potential home buyers. The real estate market of Pune shall soon approach saturation, while locations like Baner are already flooded with many of the new residential as well as commercial projects and ventures by the top builders & developers of the city, the location still remains people’s favorite for a home and has the potential to still provide quality homes for home buyers.

Are you too hunting high & low for properties in Baner?

Well! As we mentioned in our previous posts as well, you can grab yourself a new property from the diverse range of residential projects that are at the ongoing stage or you may look forward to the attractive upcoming projects that many builders such as Naiknavare Developers Pvt. Ltd. which are planning to launch new ventures in the location. Thanks to the Real Estate Bill.

So, without further ado, you can get all set to buy a new home and have the keys to your dream home in time. 

Amendments in Real Estate Bill to benefit home buyers

Are you aware of the amendments proposed in the Real Estate Bill?

What is exactly the Real Estate bill?

For your knowledge, the Real Estate Bill is a bill that was proposed to bring in more transparency in the transactions taking place in the real estate industry. The features of the bill speak of having a regulatory authority to take control and monitor the development of projects, the details set out  by the builder and developers, the pricing of the projects, etc.

The Real Estate bill that was applicable to only the residential real estate is now made applicable for both, the residential and the commercial real estate. This will enable complete procurement of information and details about the real estate projects in both, the residential and the commercial real estate.

With the amendments proposed in the real estate bill, the home buyers can look forward to take possession of the new flats/properties on time. With the acceptance by the housing ministry of the parliamentary panel’s recommendation on the real estate bill that bars the developers to extend or rather divert more than 50% of the amount received from the buyers towards other new projects.

Initially, according to the original bill, the state governments were allowed to lower the limit while now, post approval of the amendments, the ministry has agreed to the panel’s recommendation to empower the state government to make strict provisions and raise the 50% threshold but not lower it.

So, if you have already invested or bought a flat in a location like Baner (this region is expected to give the home buyers variety of options of properties to choose from in coming time) and have not yet got the possession of the flat, then this bill will help you get your property on time.

For those of  you who are searching for fabulous residential properties in Baner with a fine-tooth comb, this bill will ensure you get your home keys in hand on time without any delays as been happening over the years. 

Baner- A potential zone for housing and property buying

Pune has been, not surprisingly, the city with huge demands for residential spaces due to some of the most prominent IT Hubs, international educational institutions, high class infrastructure and various medical institutions. These have contributed to a great extent towards the life that we live in Pune at present. The fast moving days and the magical city nights are all part and parcel of life in a metro. However, for the builders and developers, exploring a location for housing and real estate projects construction is not easy. Builders have to monitor the price trends in that location, the investment required for the project, the local neighborhood of the site and many more such things.

Considering the Baner location of the city, the region emerged at a time when the residential prices in the central Pune were on a new high and the potential buyers and investors were hunting right properties for investment and the end use.  Post the IT developments in the city, new dimensions of real estate emerged in Hinjewadi area and later it spread to the Aundh region. However, the Aundh region could answer to the emerging demand for homes in that region only to a certain extent. Baner arose as a propitious location that could take control of the demand for housing for the established IT parks in Hinjewadi and also the overflowing demand for homes across Pune central.

Since then Baner has witnessed historical appreciation of 20-25% in property prices in the past few years. However, similar to other cities, Pune too faced the making of record of unsold properties including the new launches in the last year. With the reduced new projects in Pune to around 30% between Oct 20014 to Mar 2015, Pune’s real estate market seems to be passive at present. However, the availability of affordable properties, good negotiable range in pricing, IT hubs are all attracting buyers which have managed to keep the real estate market intact despite the slowdowns in the recent times.

Buying a property in Pune in locations like Baner can still get the buyers good residential properties in the coming time as many new launches are expected to hit the real estate market soon. One of the builders and developers is Naiknavare Developers Pvt. Ltd. Stay tune for more updates about the same. 

Why you should think before buying a property?

Buying or renting a property is one of the most confusing times one comes across in life when it comes to taking big financial decisions like investing in property. However, most of us think of buying a property after the age of 30, but we forget that investing in property for short duration does not prove to be beneficial as the property trends show only a marginal appreciation in the property pricing over a short duration of time. Hence, renting a property for a short period of time is a better option.

The following are some of the reasons why buying a property can prove to be a pitfall for a few:

Spending money on a property is a huge decision. It’s a big financial commitment that you should be confident of making possible before you pay the amount for a property.

The rate of interest on the finances taken from the financial institutions or the bank might vary. 

Hence, at times when the interest rates rise, your repayment amount will also increase proportionally. Thus, it is important to know the range between which the rate of interest would vary so that you can prepare yourself for the changes that might occur in the rate.

Expenditure over a property bought is not limited to the mortgage value alone. It also involves maintenance cost. Hence, you must be confident of being able to afford the maintenance costs post buying the property. If you extend your budget too much when you buy a property, then, you would have to compromise on your holidays, entertainment and leisure time expenses.

Once you buy a property, the flexibility to shift to any other favorable place gets reduced or limited. For example, if you want to switch to another company in a different city or location that is located far from your already bought home, then you would have to either find a job nearby to your place or sell your property out of helplessness.

Also, selling your property is not an easy task. You will have to monitor the property trends in the market and wait for the prices to go up so as to gain profit from selling your property.

If you happened to buy a property through a joint investment, then in case you split up, the process of sorting out the property gets more complicated and expensive.

Hence, buying the property at the right time in the right location is crucial. A well thought and planned financial decision regarding buying a property must be taken in order to reduce the risks of paying for the wong property. 

Why you should own a home over renting a property?

Buying a property or renting one is a tough decision to make for any person who does not own a property in today’s time! Buying a property is probably one of the toughest financial decisions you need to take in life. But, how do you decide whether buying a property is the right decision for you right now or renting a property at this point of time will be a better option for you?

This is a perplexed situation wherein deciding to buy a home or rent a home creates a lot of difficulties in planning your finances for the future. Hence, today we are going to help you know the two sides of the coin. The below are the benefits of owning your home:

• Once you are done with making the payment for the property you just bought, it will remain yours and it can be worth far more than how much you paid for your home.

• Buying a home is better as the value of the property you buy tends to appreciate with time, which you can use as an equity to help yourself afford a bigger home or to even fund yourself for a more comfortable retirement home.

• At the time of retirement you will not have to worry about paying rent and if you have completely paid the mortgaged amount by that time, then, you will be staying in your home rent free. You would not necessarily have the income you need to keep on paying the rent of a home, hence, owning your home will help you secure your post retirement life from financial crisis.

• You can renovate your own home, design it the way you want it to look like, spend money as you wish to improve your home and keep adding to the overall value of the home, unlike in a rented home where you cannot alter anything in the space without the landlord’s permission.

• At times, buying a property proves to be cheaper than spending money on paying rent for a living space over a long period of time.

Hence, hoping that these pointers help you understand the positive side of buying a property. We shall discuss some of the drawbacks of buying a property in our upcoming posts. Till then, stay tuned!

Emotional Quotient of Home buying in India!

India- the land of emotions! From the big wide smile on a child’s face that spreads across the face when handed over a small piece of chocolate to the nostalgic feelings and sentiments of a man who steps out of the house to explore the world of opportunities for better living. Emotions surround each one of us and a storm of feelings explodes as we tend to feel some sense of belonging or attachment to any person or materialistic things associated with us.

However, when it comes to buying a property for ourselves and our family and dear ones, we become skeptical regarding the decisions we need to take while choosing the true reflection of our dream property. This perplex situation often puts us in a place where we need to choose between our aspirations and our affordability. If we think of a common man’s aspiration, just the fulfillment of the basic need for shelter is what he desires to have. Stepping into the shoes of the common man, we realize what a difference having a home of our own makes in his life in the society.

“I have been working as a tea vendor and have seen my father working day and night to save some money to have a small house of our own.” said Suhas. His face seemed dull and showed the failed attempts to buy a home for his family. Looking at the faces of the people who aspire to own a small home in the city, who speak about the failed attempts, feels no better. However, watching people working hard to realize their dream of having a property of their own, which they can refer to as a home of their own, is motivating!

Emotions carry us to a world of aspirations which gives us the hope to look forward to a day when we have them fulfilled. So all we need to do is never give up to realize your dreams as dreams do come true! 

New to property buying? Here are 5 things you must avoid in property buying

Buying a property is not a day to day job for all of us. When we plan to buy a property, we want to buy it once for all. None of us want to take risks in buying a property that is not worth the amount we pay, hence, we need to be careful while making a property purchase.

If you are new to the real estate industry and are planning to buy a home for yourself, then here are the common mistakes that you should avoid in order to complete the property buying procedure on a happy note without having to compromise on your basic requirements of your home.

1. Minimum Market Research: Market research is the first step of buying a property. If you fail in doing a proper market research, then the chances of acquiring a property that satisfies all your basic requirements are low. Before you step out to buy a property, you need to have sound knowledge about the basic terminologies that are used in the real estate industry and also the property price trends in the location you are willing to buy a property.
2. Relying on Agents for complete details: We often forget that the agent we are depending upon for a smooth property buying process, is not really working for us. The truth remains that the agent works for the seller and hence, you need to avoid complete dependency on agents. Rather, you can carry out a comparative property analysis of the properties in that particular area and in turn, reduce your dependency on the agents.
3. Having uncleared doubts: Having doubts regarding the property that you wish to buy should be avoided. You must get all your doubts cleared by asking questions that bother you anytime during the property buying process in order to avoid future legal hassles.
4. Searching without financial approval: This is another common mistake that you can commit. Having financial approval from a convenient financial institution plays a crucial role if you plan to take home loan for the property you will be buying. For this you must know how much you are willing to spend on property and accordingly get financial approval.
5. Extending Your Finances: We all set a budget for the property we plan to buy. But, at times, we do not find a suitable property to invest in that fits in our budget and hence, we extend our budget to some extent. At this point of time, we tend to exceed the budget beyond that might create problems in managing the money later.  

Have you asked him?

You!

Yes You!

Buying a property anytime soon?

Think of the moment when you have finalized on buying a property, you have so many questions to ask. But, when you go to meet the builder, you are run out of words. What would you prefer, ending up asking irrelevant questions or questions that will get you all the required details?

Unable to figure out where to start from?

Here are 10 important questions that you must have answers for while buying a property from the builder in order to avoid any legal hassles:

1. You can begin with asking the builder about the title clearance of the land on which the building is being constructed or is already built. Documents like Intimation of Disapproval and Commencement Certificate from the builder will make sure that the building is constructed on an undisputed land.
2. Find out the actual price of the property and also get clarity whether that price includes the cost of utilities like electricity and water, parking space, various taxes, legal charges and registration charges, etc. or not. This way you can avoid chances of the builder imposing some extra charges for any of these.
3. Must find out complete information about the super built-up area, built-up area and the carpet area. (These have been discussed in our previous post)
4. Enquire about the undivided share in the land which has to be registered before commencement of construction. It should be equally transferred to all the owners without retaining any share for him for later use.
5. Find out if the builder has any tie-ups with any of the financial institutions. This will help you ensure that you will be safe from fraud cases.
6. Always demand to have a look at the sample flat so as to check the quality of construction and the material used. Ask him for floor plans as well that can give you better idea about different layouts.
7. Enquire the tentative ready possession date from the builder that will help you know the time left for completion of the building construction.
8. Ask him about the various amenities and specifications, interiors like kitchen appliance or furniture that you will be getting post buying the property.
9. Request the builder/owner to provide an occupancy certificate that states that property is ready to be occupied. It will also be helpful for you in applying for home loan.
10. And lastly, the completion certificate that the builder must give while handing over the property to you. This states that the building is constructed according to the approved plan from the municipal authorities. 

Revising the basics of Property Buying

Property buying in realty market of a city like Pune is a challenging task. Understanding the insecurities that a new home buyer would have, today, we go back to the basics of the property buying process and the commonly used terminologies of the industry that the potential home buyers will come across.

Imagine you go to the shopping complex to buy clothes. You find a variety of clothes with many designs in different colors at the store. You like a particular dress design and you purchase it and return to home. And later, after a few weeks, you realize that the quality of the dress you purchased was not good and that disappoints you. This is due to lack of awareness and knowledge about the types of fabrics which led you to buying a dress of poor quality. Similarly, in the real estate industry, you must know the commonly used terms and their meanings so as to not get bluffed by the advertisers and agents and make an informed choice. 

The following are the commonly used terms in the real estate industry:

Carpet Area: This is the area that you actual usable space that you get inside the house. Carpet Area, literally, is the area that you would be paying for  while buying that property. The builder needs to quote rates for this carpet area and you must find out how much carpet area is available out of the built up area.

Built-up Area: The built-up area takes into account the thickness of the internal and outer walls and also the area of the balcony. This excludes the carpet area of the house.

Super built-up Area: Commonly known as the sale-able area, super built-up area is relevant to the multi-dwelling units and hence is one common term that you would get to hear too often. This includes the area that is available for common  use such as lobby, lifts, staircase, etc. At present, it would also include the swimming pools, gardens, clubhouse, and other similar amenities. This area is proportionally divided amongst the flats. The loading factor is derived here, which is applied to the carpet area in order to get the super built-up area or the sale-able area.

Hence, if you are planning to buy a home in near future, this is the homework that you need do before stepping out in search of properties that fulfill your requirements. 

For More Details 

Visit - www.naiknavare.com

How to claim tax exemption on Loan Principal and Interest?

We all plan to purchase properties when we are financially sound to pay the home loan EMI. However, not many of us are aware of the tax benefits that we can claim out of the home loan that we apply for while we buy a property. In our previous posts we have discussed about how you can claim HRA and tax benefits if you have a home loan for the property you have just purchased.

Naiknavare Developers

Today we are going to understand how you can claim tax exemption on loan principal and interest.

When it comes to tax breaks on the applied home loan, you are eligible to claim tax benefits only for the principal of the loan amount before the completion of your house. On the completion of your house, you are then eligible to claim tax benefits on the total interest paid till the date of completion of the house. In case where the house is let out, the entire interest paid on home loan can be deducted.

Tax Exemption on Loan Principal and Interest

The interest that is paid on a home loan is not deducted directly from the salary income for home loan. The calculation of income from house property is done for each house that the individual owns. A self employed person is eligible to avail tax benefit for the rent that he pays for his residence and can claim the deduction under section 80GG of Income Tax Act. Here, no HRA exemption is available in case of a self employed individual.

A tax payer can avail the following tax benefits on home loans:

1. If you have applied for a home loan and you want to repay the principal amount on home loan, then the principal amount will be deducted from gross total income. In case the house is let out, the deduction for the entire interest paid on home loan is available.
2. Tax benefit on interest payment. 
3. Additionally, interest paid on home loan during the pre-construction period, i.e., period prior to the financial year in which house is purchased or constructed can also be claimed as deduction. 

We shall discuss about how you can claim both, the HRA and the home loan tax benefits together in our upcoming post. Till then stay tuned!

Read More:

1. HRA and Tax Benefits from Home Loans?
2. Confused how home loans can get you Tax benefits?
3. Homes that are well connected!

HRA and Tax Benefits from Home Loans?

In our previous post, we had discussed about how you can avail HRA and tax can be exempted in your property. We shall now understand this with the help of the following example:

Consider an employee who resides in Mumbai. He pays rent of Rs. 20,000 per month and his salary is divided into the following components:

Naiknavare Developers

• Basic pay: Rs. 50,000 per month
• Dearness Allowance or DA is Nil.
• HRA is Rs. 20,000 per month which is 40% of the Basic Pay

The exempted amount of HRA from the above mentioned details will be the least from these figures where HRA is Rs. 20,000, Rent above 10% of Basic= Rs. 15,000 (20000-5000) and 50% of the Basic Pay= Rs. 25, 000.

Out of these the least is that of the Rent above 10% of Basic i.e. Rs. 15,000. And hence, in this example, the person can avail HRA tax exemption of Rs. 15,000 per month out of the total HRA that is Rs. 20,000 per month.

Therefore, the net taxable portion of the HRA would only be Rs. 60,000 per year.

Net taxable portion of the HRA = Total HRA received per year – HRA tax exempted per year

It is important to note that the house rent allowance can be claimed if the following conditions are fulfilled:

• The person is an employee and is salaried
• He/she receives HRA as a part of his salary
• He/she is not a resident of the same city where he/she has his property
• He/she pays the rent of the house that he is staying in as a tenant and has a valid agreement of the same

The HRA tax exemption is done based on monthly or yearly basis depending upon whether the above mentioned clauses remain same throughout the year or vary during the year.

Read More:
1) Confused how home loans can get you Tax benefits?
2) Understanding EMI calculations
3) EMI: Evaluate, Manage and Impliment?

Confused how home loans can get you Tax benefits?

Naiknavare Developers - Pune

In a country like India, where the growing population is a major concern today, buying homes comes out to be an equally critical issue. Everybody desires to have a home of their own. In such a scenario, most of the people who are salaried employees depend upon the home loans for buying themselves their first house. However, not everyone knows how tax benefits can be claimed when they buy a property.

Quite often, questions like whether an income tax benefit can be obtained when you already possess multiple properties, out of which some are rented out, come up while a person is about to purchase a property and is thinking of applying for a home loan.

With a home loan you are entitled to pay a generous amount as an interest over a period of time which has dual benefits. We shall discuss a few points that would be helpful for you in availing the income tax benefits with more efficiency.

• House Rent Allowance (HRA) Exemption

If you have applied for a home loan for a property that you want to buy and you are staying in the property, then you are eligible to claim tax benefits on both, the principal and the interest of the home loan that you have applied for.

Regarding the actual HRA from the employer/ the company, according to section 10(13A) of Income Tax Act, 1961 read with rule 2A of Income Tax rules, you are exempted from tax with one of the following three conditions where the value considered for the actual HRA exemption will be the minimum value among the below mentioned figures:

• Actual HRA received
• Rent Paid in excess of 10% of salary (Basic + DA)
• 40% of salary (50% in case of metro city) where salary includes Basic + DA

Hence, it is important to have clear information about each of these so as to claim your HRA.  We shall understand this with the help of an example in our next post as the benefits do not end here. Stay tuned!

Homes that are well connected!

Dwarka Township, Chakan - Naiknavare Developers

Are you dreaming of a home that is well connected to other parts of city?

Would you say No to a living space that has an absolute look and feel of a home that is well structured and finely designed?

Not an easy thing to do!

Bringing to you the professionally structured, the finely crafted and the aesthetically built upcoming residential project by the prominent players in the real estate market of Pune, the Dwarka Project by Naiknavare Developers.

A well planned and framed project that gives you an experience that you have always longed for!

The project that is a true manifestation of your dream home!

Dwarka is a precisely designed residential space that is been carved with minute details in order to give it an extraordinary appeal.

A project that is located in the serene and picturesque locations of Chakan, Pune. The project has been designed with an exclusive development approach. Dwarka is structured and constructed with a sector wise development for easy management and good urban development.

Had it been that such homes were available at all places, the life as today would have been so much different! A life away from the hustle and bustle of the city! A life close to the nature yet well connected to Pune & Mumbai with all the peace you would want!

Row House - Dwarka Chakan

A Dwarka home is not merely a living space but a home you would crave to live in forever! A truly customer’s delight, Dwarka offers you a life that would compliment your lifestyle and give you access to all the basic amenities that you would require. The sports complex, wide internal roads with plantation, 

play area for children, jogging track, stage for performing art, large water body are mesmerizing enough to woo your minds each day you step in to the lawns of your Dwarka Home.

It is surrounded by school, shopping malls, highway, railway station, commutation facilities that add to your convenience of staying at Dwarka! Along with these, the Dwarka School is an added advantage for the people who have school going children.

Read More : -

• The Unique project in Pune to woo your minds!

The Unique project in Pune to woo your minds!

Ever imagined your home at a place which is perfectly planned to give you an ultimate experience of Dwarka?

Dwarka - Naiknavare Developers, Chakan

Unlike others, the Dwarka Township in Pune is undoubtedly one of the amazingly crafted and conceptualized projects that is inspired by the ancient city of Dwarka and has been based on the principles of the same to compliment each of the resident’s grandeur and stature in the Chakan location of Pune.

A project designed with such perfection, the township reaches out to as big as 130 acres at Chakan. The pattern that speaks of the sector wise township for people from various strata of society. If you feel this is it to this marvellous project, then wait! There is a lot more to it than what you just read!

In today’s world where a home is associated with multilevel emotions and feelings, a home, that gives you the greatest satisfaction each day when you return after a hectic day at work and spend time with family and friends at peace. You, like everybody else, would surely want such a place to stay where your mind is at peace and your body is relaxed.

Apartments in Chakan, Pune - Naiknavare

At Dwarka, the architecture of the project is designed in such a way that the measures like rain water harvesting and rain water treatment to water the green plants and forest gardens make a perfect combination of technology with nature’s beauty right at your doorstep! The elegantly designed project will give you an extraordinary living experience like never before. The sectors constructed share common amenities like shopping complexes, entertainment and sports complexes, educational and medical facilities.

A one of its kind project that has a beautiful blend of nature and contemporary architecture, Dwarka is the place for you for the ideal living experience! The state of art amenities and exceptional ambience of your home at Dwarka will keep you attached to the home at all times.

If you feel you desire to have a home where your feel the ambience so calm and a place where your mind is at peace, body is relaxed and soul is rejuvenated even after spending tiresome day outside home at work, Dwarka homes are meant for you! the ideal match for all your desires for a home!

Read More : -

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Dwarka Based Inspired Residential Unit in Pune, Naiknavare Project of Exclusivity

Understanding EMI calculations

Have a property in mind and have planned to opt for a home loan for the same?

As spoken in our previous blog, Equated Monthly Installment is more about Evaluation, Management and Implementation of the research you carry out before opting for a home loan. Post the research having a complete understanding about the calculation of EMI is important.  To begin with, let us understand what EMI stands for.

EMI or Equated Monthly Installment is described by the Investopedia as “ a fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both the interest and the principal each month, so that over a specified number of years, the loan is paid off in full.”

Surely, this definition is self explanatory, however, we shall have an in depth understanding about EMI with the help of an example in the latter part of the blog.

From the definition we can arrive at an understanding that when a borrower borrows money, he is entitled to make a certain fixed amount of payment to the lender periodically for several years so as to complete he loan repayment. This loan repayment can differ from one payment scheme to another, depending on the comfort of the borrower to repay the loan over a certain period of time which may be short or long term. 

One of the main benefits of paying EMI for the borrower is that he is well informed about the amount he needs to pay to the lender every month, making his budgeting process easier.

The formula for EMI (in arrears) is:

or, equivalently,

Where: 

• P is the principal amount borrowed, 

• A is the periodic amortization payment, 

• r is the periodic interest rate divided by 100 (annual interest rate also divided by 12 in case of monthly installments), and

• n is the total number of payments (for a 30-year loan with monthly payments n = 30 × 12 = 360).

Consider an example, a person takes a loan of 20,00,000 units of currency from the bank at 10.5% annual interest of 10 years (120 months), then the EMI can be calculated equating the mentioned details in the equation stated above in the following way:

EMI = 

Units of currency 20,00,000 * 0.00875 * (1 + 0.00875)^120 / ((1 + 0.00875)^120 – 1)= Units of currency 26,987.00

Hence, the person will be paying 26,987.00 units of currency for 120 months to completely repay the loan taken from the bank. The total amount that he would be paying will sum up to 26,987*120= 32,38,440.00 units of currency. This includes 12,38,440 units of currency as the interest paid towards the loan.

EMI: Evaluate, Manage and Implement?

Have you opted for a home loan? Are you aware of the EMI that is applicable for the home loan you have opted for at a certain rate of interest?

Calculating EMI is not a mammoth task but is a very crucial step when it comes to payment of the loan that you have opted for!  Don’t you think EMI can be planned and evaluated with a well managed strategy to make loan payment easier?

Well! That is what we are speaking about today!

EMI –Equated Monthly Installment or EVALUATE, MANAGE, IMPLEMENT?

Evaluating the loan amount can be helpful in understanding the amount that needs to be repaid. A proper evaluation can give you a complete detailed information regarding the cycle of EMI for your home loan.

Managing the loan amount includes the steps for obtaining a maximum amount as loan for the property value as the home loan is a long term loan that is taken by customers at floating rates. Home loan is one of the biggest financial commitments that we make in our lives and hence, we need to be as aware and structured as possible while we opt for the loan and while we repay the loan amount.

Implementation of the strategy like opting for  long term loan that can reduce your EMI amount,   to repay the loan amount should also be considered while loan repayment. Proper evaluation, management and implementation is required. This can be done via extensive research about banks that are offering loans at different rate of interests and the duration of the time for their payment of the same.

If you are thinking of applying for a home loan, the below mentioned link can help you find out the EMI that you would be paying for the amount you have opted as a home loan.

EMI Calculator

Do let us know if you are stuck anywhere in calculating the EMI of the loan you are planning to opt for.

Read More: -

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• Buying a property, but not yet done it?
• How to go about Market Research?

How to go about Market Research?

A home is a one time investment for majority of Us. If you are having plans to make a property purchase you need to plan your complete process as to how to go about the steps to buying the property. Investing in property involves multiple risks and if you are not aware of the basic information about property buying, then you might be risking your hard earned money in the same. Having discussed about the importance of conducting a well  planned market research before you make a move for buying a property, it is now important to proceed with the market research process.

What are the steps or means to carry out your market research process? How can you reach out to minute details of the property buying policies and property trends prevailing in the market at that particular time? These questions can be answered in the following steps and ways to begin your market research:

Word of mouth: For an in depth market research you need to start talking about what you want. Let people know that you are in search for a property. Sometimes things happen to surprise you. You never know who has what connections and who can provide you with relevant information in order to help you find the right property. For example, you may get information about the homes, which are under construction and are available for purchase. This way you will not miss out on any property deals that suit your requirements.

• Newspapers and Real estate Magazines: Every newspaper offers a new property section which can help you with the information on new houses and properties in the city. These magazines and newspapers can be collected from the nearby newsstands or convenience stores. Through these advertisements in newspapers and magazines, you can have a look at the pictures of the properties, the configuration,  amenities provided, location and most importantly point of contact.
• The World Wide Web: The world wide web is the master key to access to all information. Browse the internet for all your requirements and get all your doubts clarified. The internet is a boon for people who are looking for a property to purchase as they can get a complete database of the properties in any part of the world with all the information needed.
• Signs like “FOR SALE”: Keep your eyes open and observe things around whenever you are out driving or walking. Signboards of “FOR SALE” are easy to notice while you are out, on the way. These signs can help you locate properties that may be of your interest.
• Development/Construction Sites: You may be looking for a newly constructed home and may not prefer already constructed available properties. Visiting construction sites will help you have an insight about the project.
• Find a Realtor: Getting in touch with a professional in real Estate Industry is the best tool to get in depth information about the property trends in the city.

Read More : -

Buying a property, but not yet done it?