Investing in property is a great way to build your wealth - only if you do it right. At Sairung, we get to know you, your portfolio and your strategy, which makes everything a little bit easier (and economical, of course).
Understanding what creates value in a house is the initial step to choosing the right investment property. Here are few crucial tips before buying a property. Do your Own Research Ensure that you do adequate research on the prices of the upcoming projects in the targeted area and current property market conditions before you take any decision. Determine how fair an asking price is by consulting a real estate agent or by purchasing a property valuation report, if available. It is also worth looking through the local newspapers for the latest listings in your chosen area. Not to forget, property websites that list nationwide properties for sale, will prove to be very useful. Budget The thumb rule is, before starting to look at properties, calculate how much you can actually afford. Although it’s possible to buy a home without a down payment, you’ll get a better rate, smaller mortgage payments, and be able to qualify for more loans if you can put 20-30% down. Start saving for the down payment as soon as you are thinking about buying a home. If the preferred area is too classy, consider buying in an adjoining area. Location Decide your priorities in terms of location, and what is going to be most important to you in a new neighbourhood – it could be good local schools, commuting distance from work, public transport links, close to family and friends, proximity to amenities, restaurants and bars, etc. Structural aspects of the house Always consider inspection of the property before purchasing a house. Especially patent defects, cracks in the wall, water pressure and geyser condition are the vital and clearly visible aspects we need to watch out for before plunging into any major decision of life. Talk to the Experts Work closely with your real estate agents to develop an action plan and strategy that meets your goals and needs. Finally, at Sairung
At Sairung developers, we are committed to giving the best property related guidance to our clients.
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At times it becomes a tedious task to find a reliable and trustworthy real estate investor for investing in a property that interests you. There are a lot of things by which you may get carried away like the high-end blogs, high-class images, books etc. these are some of the common problems that a beginner may face.
Here are some tips which will help you to get some financial freedom in the real estate world: 1. First and foremost you should never forget that investing money in real estate is nothing but pure business This is the most important thing that you all need to remember at all the stages. At the initial stages you should plan for the business, set your goals and the process will take you through. Set all your targets so years together down the years you may expect some positivity. 2. Keep a check on your financial status You should not ignore your current and future finances. For anything you need a strong financial backup. Try to keep on improving your ratio of your debt and monthly income and try to keep it as low as possible. 3. Try to find for a local yet customer-friendly bank When we start searching for a property for buying or selling any property what you need are realtors who belong to the National Association of Realtors who in general follow some ethics for the banks. As you do any payments don’t forget to take the bank statement to help you play on the safer side. 4. Analyze the area which is fit for you There are a lot of investors who tend not to find out much information and try to find investing in a place somewhere close by. This is one of the most common mistakes committed by a beginner. Try to move out and check more new locations which are far but can get maximum profits for you in the long run. 5. Researching is important You can carry out a research either via internet or either by contacting other investors so that you can get complete information about the happenings in the real estate world. Internet is one of the best sources to find all the information. 6. Search for a list of sources for buying or selling your property Do not rely on a single source for either of it. Have multiple sources which can give you various options for buying and selling. Internet is one of the best choices. 7. Doing some sacrifices that hold a lot of value for you Investing in real estate is one of the most time consuming business and you need to sacrifice a lot of things like vacation, at times your family time and a lot more. If you want to be more affluent you have to learn to sacrifice. The above points will help you to be aware of the common mistakes committed by you. The real estate is a difficult world. Take Sairung Developers as your suggesting partner; connect with us on your requirements. Sairung Developers was established in the year 1979. It is a 9001:2008 certified company which enhances the land investment opportunities for its clients. They have been serving different types of clients both national as well as international. There are many projects in different cities like Pune, Bangalore, Trivandrum, Cochin. Most of their projects have been based in Pune. The land projects embrace all the plush amenities which are appreciated by a bunch of customers.
Sairung is known among Asia’s Premier real estate company. They have also developed more than 150 villages around Pune and even possess some award-winning land development project. They have been continuously in the land business since its inception. Mr. K.R. Malik, Chairman, has always been that continuous guide of the team and is also a great motivation to a lot of people. Core values of Sairung The core values have been laid down against the name itself. As it’s a brand build in it. S- Strength A-Ability I-Inclusion R-Reliability U-Uniqueness N-Nexus G-Growth Why should you select Sairung as your partner? 1. Safe Investment Being with Sairung means a safe and sound investment. The investment that you do is the once in a lifetime and you need to be assured that they are safe. 2. Transparent Deals Whatever deals you make should be transparent enough with the buyer. The buyer can always judge and trust as the deal is done legally. 3. Prime Locations The projects are located where it is easy to make a living. The locations are easily accessible and that is why they are called as prime locations. 4. Clear Land Titles The lands that are being sold hold a clear title which will help in transferring the name of buyer very easily. 5. Steady High Returns It so happens that after a few years you plan on to selling your land and what one is worried is about the returns that they would be getting. The buyer need not worry as they would be getting the return that is being promised to them when land is purchased. 6. Customer Service The topmost priority is to provide customer service 24/7. Satisfying the customer is the ultimate goal. It is only with continuous efforts that Sairung Developers has strived to mark its place in the land business. With years of experience one can trust their instinct for purchasing or selling a land. For any of your queries related to land connect with us and build your dream home. Affordable houses are the ones that are lower in costs and can be affordable by everyone. They generally cost 30% of your income. Construction in the past few years has increased tremendously which in turn has boosted the housing prices. As the cost of housing started increasing people from the low income groups and economically weaker sections could not afford to buy their dream homes. No one would like to buy a low quality house as this would be their dream home. People have a normal tendency of buying a well designed house, which are developed at reasonable rates. Now, most of the housing companies are developing durable and low cost houses as per India’s growing demand in houses.
From past two decades, the housing sector has been growing immensely and has even provided connections to the ancillary industries. IIM, Ahmedabad had conducted a research which defines the construction sector; there was an increase in investment by 10% which may boost around 3% growth in GDP. This will also help in increasing the employment opportunities which will also help in leading a quality life and a better civil life. Real estate is one of the largest sectors in India after agriculture in terms of offering employment opportunities. Housing sector is one such sector where around 33 million people get employment. This rate may increase with time. Housing system is the one which holds an impact on the growth of GDP, protection of environment, women empowerment, sustainability and inclusivity, human rights and lot many things. Real estate companies also indulge in developing affordable houses for all segments. Governments are taking some steps for endorsing the private sector through a public-private partnership mode for affordable housing projects. The stakeholders are the ones that build the affordable houses with a robust ecosystem, modern amenities and environment-friendly technologies by including the various processes. This aspect of being environment friendly technologies will enhance the effects of the affordable housing systems. As urbanization is increasing so is the demand for housing finance is growing rapidly. Land is an important aspect for building a house and the prices of this land is something which is very important. The availability of a land is one of the most important aspects. The legal regulations need to be taken care of when the land is under development. These issues are generally taken care by the national land bank for housing. Right measures need to be taken so that it does not impact anyone that is involved in it. Connect with Sairung Developers for NA plots in and around Pune and build that affordable house for yourself. Now-a-days you can find a lot of guidelines for buying residential plots. It cannot be easy but it’s not even difficult. If you adopt the right guidelines then you can have the right plot. This plot can be purchased as an investment or for staying on permanently.
Here are some must follow guidelines for buying residential plots: 1. Research This is one of the most important parts of buying a plot. You need to have a thorough research before buying a plot. It is like putting all your savings of a lifetime in it. So, while making this big purchase you need to know all about it. It is a very tedious task and a consuming one but is worth that effort. It is worth at seeing some customer centric reviews about the developers so that you can think about them before approaching them. 2. Knowing the builders reputation Always make sure to go to a well reputed developer who has a good market standing and credible background. A check has to be done as to he is holding the proper licenses for the work that he is doing and even has the required permissions to carry on the work that he has been doing. You should also check if the basic facilities and amenities are provided. If the reputation is good then there are fewer chances of you making the wrong investment. 3. Having a cross-check One of the most serious challenges faced by real estate is that of fake and expired listing on visiting the portals. Check the list doubly before you see on the portal with the developer offline and choose a site that will offer some verified listings. 4. Selecting the best home loan option There are a lot of options available from different banks. You cannot get a loan for a land but you can get a loan for building a home on that land. A proper comparison should be made on the interest rates, application fees, tenure, EMI amount, flexibility etc. there are different interest rates between 9.90% and 11.75% and the application fees can range from Rs. 2,500 to Rs. 10,000. For availing a home loan you should be having a good credit history. 5. Reading through the agreement Once you make any agreement whether it’s a loan or the purchase papers of your residential plot or NA plot go through each and every point very carefully. Once you are satisfied with all the terms and conditions, the agreement can be signed and the deal can be sealed. Once you are sure about everything including your finances you are good to go. You can buy the plot of your choice. It’s not an easy task to buy a residential plot but at the same time it’s not even impossible to do so. There are various tools that will help you in buying plot. Connect with Sairung Developers for residential plots as well as NA plots in and around Pune. We plan of investing in a place that we can hold a special place in the hearts of the family. This place would hold some happy memories and give a break from the busy life that all are running in everyday. This place can be called your weekend getaway. It’s like that escape from the city life. Well selecting that location is not an easy job. You need to remember a few things for selecting the best location for your weekend home. 1. The accessibility to the location The location for this place should be feasible enough for you to travel. If the distance is far then it may happen that you would not be visiting that place most of the times. So, it’s better to select a place where in you can drive by easily. Also see that there is a hospital, grocery and even a fuel station if possible. If you think that you can avail all of these then you can think over for this place. 2. Are you planning to rent it or buy it? It depends on the kind of finances you have. If you have some money to invest then you should definitely buy that weekend home for yourself. If you just want to find a temporary one then leasing out one is the best option. You should find one in close proximity. In the next few years you may find it extremely difficult to rent out a weekend home. 3. Is the decor of the house in line with your taste? With lifestyle the taste of an individual keeps on changing from time-to-time. The décor of the house can be changed as per your choice. The interior of the house should be managed in such a way that the recreational facilities should be accommodated in them so that the family can rejuvenate together. All age groups should be kept in the mind while getting the interiors done of the house. 4. The surroundings of the location Some getaways have serene beauty around and for this reason you may buy that property. If the surroundings have scenic beauty then it may help you to feel pleasant from the daily routine that you have. If you love the surrounding then buy it. You will buy this home for the entire family so keep in mind all the requirements that you have. Select the best location as you would be going there to relax and rejuvenate. Connect with Sairung Developers for buying an NA plot for your weekend getaway in and around Pune. Investing in real estate without your own money sounds uncanny. It seems impossible but that is not true. There are a few ways by which you can invest the money.
One of the most common ways is to do it by wholesaling. 1. Wholesaling This is one of the most common ways in the investment circle. It is like finding a property which has enough to call about. You can earn a profit between the acquisition price and the after repair of the property. After searching the property and putting it under a contract the search for a cash investor should be initiated who is willing to invest in the property. The contract will then be assigned to this person before closing in. If it is some serious cash buyer he will be more than happy to be investing in the property that is under contract even after paying all the fees and the costs which makes sense from the investment point of view. This is highly preferred as the investor will never hold the property on his name and gets his amount paid in a short amount of time without putting in much of the time in the transaction. The concept of wholesaling is that you get in and out without holding the property. So eventually you gain interest in the property without owning your own money. 2. Fix and Flipping If you are heading towards a concept of fix and flipping, the project can be completed without any money from your pocket. You should be finding someone who is willing to have a joint venture. They will be the one investing all the money. Your value in return will be to find a deal, negotiate with them and close the deal. The profits and the losses should be divided equally amongst the partners. To search people for your funding, start by talking to the people whom you have influenced with your business. Other ways to find some investors is by building up some relations with the local investors and cracking a deal with them. When you are using this method with none of your money, set a goal where you get into the project with no initial out-of- pocket expenses, rehabilitate the property, sell and split up the profits. 3. Buying and holding options Buying and holding is a possible way without investing your own money. The most common way is to lease out the options and the owner financing it. One of the goal of buy and hold options is to control the properties with virtually or none of your money that is tied up and collect the passive income by renting the properties. 4. Leasing a property You can lease a property for a certain amount of time. They are based on contracts from months to years. Virtually they run without money. Once the rental agreement is over and the property is handed over and you can walk out. So practically you own a property without investing your own money. Well having a real estate without your own money is not easy but virtually you can own a land. Connect with Sairung Developers to know more about the insights of real estates. Having your own residential plot is like having a dream and everyone likes to make their dreams come true. There are times when we are in a hurry to buy a place which does not match the requirements that you had thought about. In a developing city like Pune it becomes very difficult to find a residential plot. But now as people are settling on the outskirts there are plots available there too. Outskirts are the developing areas of the city.
Before you plan to buy any plot there are some important points that you need to consider before investing. Here are some of the points that you should be considering: 1. Location The location of the plot will determine the cost for it. Do not purchase a plot that has no basic amenities around it like grocery stores etc. most of the things should be within your reach. 2. Confirm the original value Go and visit the plot analyze the complete area and check on the facilities that are available over there. Have an approx estimation of the plot by consulting the real estate expert. Once you get the estimate you can negotiate with the seller. 3. Size of the plot Do not believe on the word of the seller visit the plot and then decide if the plot is really admeasuring to what the seller has told you. Evaluate the land so that you know how much space you would require to live comfortably. Other factors like the soil and topography should also be kept in mind. 4. Verification Before you get on to a decision remember to verify everything from the builder as well as the seller. Check if the land is not in legal issues. Cross check and see about the reputation of the builder which will help you in knowing the builders creditability and reliability. 5. Approvals Confirm that the plot that you are about to buy is approved by the City Development Corporation. The local body should approve it. The attested papers can be demanded by the lawyer. 6. Bills and property tax receipts To keep you away from the various tax issues confirm about them to the seller and take it along with the bills as a proof. They will act as a proof that the plot does not have any tax-related issue. 7. Researching is the key Research about all the possibilities that can tamper the development of the property process. You can find a lot of details online. You should consider all the above points and keep in mind that you should not fall into any problems while buying a residential plot. Connect with Sairung Developers for buying residential plots in and around Pune. One of the hardest things is to understand the taxes. It’s not easy for a common man to understand all of them. India has various different taxes being levied upon. One of the taxes that people do not know is the property tax. The word is not new but their rules and regulations are new to lot of people. Paying all the taxes is important. Property is considered as one of the most important source of income and hence, a tax is levied on that. By property it may include anything from buildings, flats, shops as well as lands. According to the Income Tax Act, income from the properties is regarded as one of the heads of the income. The amount of the tax is being calculated on the value of the property that is being taxed.
In the first budget of our finance minister Arun Jaitley, some changes were proposed to the income tax laws related to the capital gains from the property sale. He put a cap on the amount of tax-saving by way of investing in long-term capital gains from the property sale in the specified bonds which are also called as capital gains bonds. He also specified that the investment should be made in one residential house property located in India for availing long-term capital gains benefit. As the current income-tax rule says, a long-term capital gain on the sale of property is held for three years and attracts 20 percent tax. Exemptions can be granted only under certain conditions. Here are some changes that are proposed in the income tax laws: 1. Property The property tax in India is being levied on real estate’s which include the buildings or the lands attached to those buildings. The plots which are vacant without any adjoining building are not liable to be taxed under this head. It will be taxed as income from other sources. Following are some of the properties which are liable to be taxed under the property tax in India:
2. Calculating property tax in India The property tax in India is mostly calculated on the basis of the ‘Annual value’. The annual values for the self-occupied and let out properties can vary. 3. Annual value for the let out properties In case you are having some let out property, the annual value will be equal to the maximum of the following
There are some deductions which are allowed on the interest on the loan to build, buy or repair the property. A deduction of 30% of the net value is allowed for repair and maintenance of the properties. Knowing all the taxes is not everyone’s cup of tea. You can always refer to the internet or some tax consultants for knowing the various taxes that we are paying. Consult Sairung Developers and know more about the various taxes over real estate’s from their in house experts. One of the most challenging tasks we have is to select a place that we want to stay. We need to keep a check on it so that we know that our lifetime investments are going in the right directions and you know that the decision that you have made is the right one. When we talk about the real estate there are a lot of things that need to be assessed so that we get a positive outcome.
There are a lot of people who take lot of efforts to make sure that they can get the maximum profits out of the property that they are purchasing. This is the problem that they face related to the revenues that they expect from the property. Here are some of the factors that you should consider while developing a real estate property: 1. The Location of your propertyThe first thing that you need to keep in your mind while buying a property is the location that you want to build it. Take for instance that you want to build a commercial property, ensure that the location is accessible to the people residing in that area. It can be a challenging task if you do not know what purpose will be served by the property that is being purchased. If you know the needs and the purpose of the property then it is easy to find the best location for it. 2. Purpose of purchasing Other than the location one more thing that you need to consider is why you want to build a property. At the initial stages you may not be aware as to why do you want to buy a real estate. Many purchase land as a future investment. Considering this is not at all bad but at the end you should always have your purpose defined. 3. Rates of the propertyThe last and probably one of the most important things that you need to keep a check on are the prices of the property. This will help you in knowing the amount that is required for investing. With investment you can also get to know the return that you will get on this investment. Other than doing all these researches on your own you can also consult a good real estate developer who will guide you professionally. Connect with Sairung Developers that will help and guide you professionally for real estate investments. |
AuthorSairung Developers, backed firmly by a sound financial base and trust, started its activities in 1979. Since its inception, the Sairung Group has spearheaded revolution in many areas like construction, development of gated communities and assured deliveries of developed farm and bungalow plots, NA plots, ensuring high returns year after year. Archives
December 2016
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