Making the commitment to buy a home can be really exciting, but this decision comes with its own set of dilemmas. Aside from deciding on whether to go with a villa or an apartment home, you also need to zero in on whether you want a ready-to-move-in home or one that is under construction. There are a number of pros and cons associated with both categories of homes and here’s a brief analysis to help you decide what works best for you:
Real estate investment is a popular form of investment where you own a property for the purpose of gaining profits. It involves a large capital investment initially along with sufficient time gap and guaranteed returns. However, you do need to get your homework done before taking the plunge and investing in property. Here are some factors to consider before getting involved:
Since property investment is a capital intensive investment and it takes time before you can get profitable returns, you need to ensure you have a steady source of personal income too. Initially, it can be financially challenging as you will be putting in more than getting back.
Capital – Investing in real estate is capital intensive. You will need to have access to large amounts of money and a bank loan is the best way out. This will ensure that you don’t have to sell off the property before you have earned significant profits.
Real estate property can be in the form of residential, commercial, retail and industrial. Of these four, residential properties are the most in-demand and the safest to invest in too.
Aside from the initial down payment, most people prefer opting for a loan to pay off the remaining amount. While most banks stipulate the down payment to be 20% of the property cost, the larger your down payment, the lower the loan amount taken and lower the EMIs. Since different banks offer different interest rates, check around for the best options.
The health of your credit score matters when it comes to applying for a property loan. Before applying for a new loan, ensure that you have a favourable CIBIL score with no outstanding sums to any creditors.
The real estate property that you want to invest in, needs to be properly investigated too. You will need to physically go there and check out the infrastructure available in the area as well as the type of neighbourhood it’s located in. Finally, make a comparative market analysis to determine the profitability potentials of the property you are interested in. Only then should you proceed with the buying formalities.
If you are interested in investing in ready-to-move-in residential apartments, then check out the Fortius Waterscape apartments available in the Krishnarajapuram area of Bangalore. These apartments are nestled in a 2.3-acre plot with 80% of the land reserved for open lung spaces and greenery. It’s strategically located close to the Whitefield IT hub and the Old Madras Highway.
Everyone desires to own a home of their own, a place to bring up their family or a nice pad to retire to. However, buying your dream home involves a huge investment and this is usually overcome by opting for a home loan.
Most banks offer low-interest rate home loans to finance your dream homes with 10-20% of the principle being paid by the homeowner in the form of a down payment; the remaining amount is paid for by the banks. This is usually a substantial amount and is repaid over a period of 15 to 20 years through EMIs (Equated Monthly Installments). Hence, when taking a home loan, the tenure of the loan and the interest paid on it, become the key determinants of the EMIs paid.
Repaying the EMIs can sometimes become a little taxing, especially if the EMI exceeds 50% of the homeowner’s monthly income, thus making it difficult to pay regular monthly bills, etc. Here are some significant ways to attain a low debt-to-income ratio and reduce your EMI repayments:
Contributing higher down payments than the mandatory 10-20% advocated by your lending bank translates into smaller home loans taken. This reduction in the principle amount borrowed automatically reduces your EMI repayments. Hence by opting for a larger down payment, you can reduce your EMI rates.
Another way to reduce EMIs is by going for longer loan repayment tenures. However, do note that though the monthly EMI might be smaller, you will end up paying more interest over a longer tenure.
Making regular prepayments on your home loan during the tenure helps in bringing down the overall interest payments on the principle borrowed as well as reducing the loan tenure.
With most salaried people, salary hikes are a given and can allow you to increase your EMI amounts. For a 10% salary hike, you can increase your EMI payment by 5%. This enables you to reduce the number of EMIs paid and shorten loan tenures.
For home loans taken after 2016, the borrower can benefit from Marginal Cost of fund based Lending Rates (MCLR) or changing interest rates. Loans took before 2016 can be switched to MCLR to avail this benefit thereby reducing your EMIs.
For those interested in buying a home, check out the ready-to-move-in Fortius Waterscape apartments in Krishnarajapuram, Bangalore. Nestled in a green 2.3-acre campus, these apartments are strategically located close to the IT hub of Whitefield as well as the Old Madras Highway.
Buying your first home can be an overwhelming, emotionally-charged experience where a lot of pride and commitment go hand in hand. Aside from this, buying a home is also a major financial commitment which you need to be sure you are ready for before taking the plunge into becoming a homeowner.
To make the whole process of buying your first home easier, here’s a beginner’s guide:
For those on the lookout for apartment homes, there are some really exciting 2 and 3BHK Fortius Waterscape Apartments available in Krishnarajapuram area of Bangalore – and these are ready-to-move-in too!
The economic slowdown has affected all sectors of industrial growth with the real estate segment also witnessing a minor meltdown. However, this loss in momentum has thrown up an interesting feature in home buying.
Having adequate space to store all the things you collect over time seems to be a universal problem. Aside from de-cluttering regularly, the next solution is to have adequate storage spaces in your home. However, this can get a little daunting, especially when you are living in a constrained space. But as with everything else, there are solutions to maximizing storage spaces in apartments too. Here are some nifty storage tips to get you started:
When the day is done and over with, everyone heads home to unwind and relax in their comfort zone. Home is where you nurture peace of mind and rejuvenate to face another day head-on. However, for this, you need to put in some initial effort to create a peaceful home first. The energy spent on doing this is energy well-spent as it will help you have a tranquil home to de-stress in daily!
This millennium has thrown up many new decor trends with the spacious open floor plans being one of them. While open floor home designs work best in apartments by making spaces appear larger, they do have the drawback of reducing privacy. However, there are ways to get around it by creating multiple living areas within a larger space rather than succumbing to building walls. Here are some imaginative tips on ways to partition your personal spaces without losing out on the visual appeal:
Frosted or translucent glass dividers are a great way to partition off different functional areas of living spaces. These portable screens don’t allow clear views of the other side while still allowing light to pass through. You could also consider full length sliding glass dividers to prevent kitchen sounds and smells from spreading out.
You could consider decorative, slim dividers made of wood, burnished metal or even fibreglass. These portable screens not only segregate views of the other side but also add to the aesthetic appeal.
For those of you with green thumbs, you could even set up a bamboo trellis and grow climbers like money plant on it. Aside from acting as a room divider, it will add lush greenery, purify your indoor air and enhance the room’s aesthetic quotient.
Decorative Chinese folding screens not only amp up the style quotient of your room but are also functional in maintaining privacy between different sections of large spaces.
Just like those used in window blinds, you can setup free-standing wooden slatted screens or louvres that can be swivelled shut when more privacy is required in the partition structure. These are very effective in dividing the sitting room section from the rest of the living area.
This is a very functional way of partitioning areas in an open plan home. You could use the shelves to store books, display your mementoes and décor items or even keep your potted plants. Open shelves give the appearance of continuity of space while imparting privacy as well.
This is the simplest way of partitioning off areas for privacy. You could use lacy curtains or bead curtains that reduce visibility, while still providing a sense of continuity of space.
Constructing functional areas at different levels is another way of creating boundaries within a space. You could also use different floor colours/patterns to demarcate the areas.
The innovatively-architected Fortius Waterscape apartments in Krishnarajapuram, Bangalore, also offer amazing opportunities to decorate these homes. Get more info on them here: https://www.fortiuswaterscape.com/.
Furnishing your new apartment can be exciting especially with the unending choices and types of furniture in the market. But you need to be judicious and select your furniture carefully. Make sure you are aware of the measurements of each room and the amount of space you are ready to allocate for each furniture piece. The dining table is a very important piece of furnishing – it is where the family congregates together at the start and end of each day and many nourishing meals are shared here with friends and family.
After years of planning, you finally buy your own home and the feeling of euphoria is incomparable. And after that comes the time for decorating your home. This task might seem a little overwhelming however as there are many ‘do’s and don’ts’ going around. These rules are just myths as decorating has to do more with your own personal choices than any other person’s popular opinions. Here’s a look at some common home decor myths:
There is a popular myth that home decor is expensive; on the contrary, with home decor is only getting easier and cheaper on the online format. Going window shopping might take a little longer time, but you can get great bargains too.
There is a myth that dark colours make a room appear smaller; on the contrary, dark-coloured walls add sophistication and glamour and provide a great background to display your decor pieces.
Having everything in matching tones might make your room look monotonous so have fun by introducing cohesive coordination instead – you can showcase your personal choices this way too.
Dare to be different and create your trend by not following the current style trends. What looks good in your friend’s home doesn’t necessarily have to be present in your own home too.
Human beings are multi-faceted and there’s no reason why it shouldn’t be the same in their homes too. You can have a modern home design and intersperse it with antiques, a Buddha statue or Japanese prints and create a multi-layered effect in your home.
There’s another myth going around that you can’t mix prints and patterns; don’t fall for it however as there is no better way to show off your personal choices than by infusing colours, patterns and textures together. Checks, stripes, polka dots and flowered patterns can all live together provided the colour schemes are similar, that’s all!
Décor rules dictate that a room can only have one centrepiece. But this is just a myth you can easily debunk. The central table can be a focal point along with some eye-catching painting on the wall or an outstanding piece of large sculpture in another corner.
When decorating your home, the number one rule is that your décor should represent your personality and style. It should represent your favourite colours, artworks, hobbies and style.
If you are planning on home buying, then the elegant Fortius Waterscape apartments in Krishnarajapuram area of Bangalore are a great option. Their eclectic designs offer you great decorating opportunities and you can get info on them here: https://www.fortiuswaterscape.com/.
Fortius Infra focuses primarily on residential and commercial developments. We construct aesthetically pleasing and eco-friendly residential and commercial buildings. More importantly we strive to redefine the current quality and delivery standards with each project we undertake.
Fortius believes in creating not just an enduring home and asset, but enduring relationships. This long-term commitment translates to a host of thoughtful services. In-house property management with professional maintenance services that ensure your property stays as good as new. Home-care and concierge service that provide you and your family with access to a slew of services.
In addition, we offer high quality development management services to select clients. We act as the development arm of such clients and provide them end-to-end solutions. Ultimately we at Fortius Infra aim to strengthen our own space in the Indian property market by creating architectural milestones.
At the outset we aspire to abide by an ethical standard of functioning and maintain transparency at every level within the organization.
It is also our responsibility to ensure that each of our projects measures up to the best quality and safety standards set by the industry.
GOPI KRISHNAN
Managing Director and Promotor
Fortius Infra is promoted by Gopi Krishnan, a visionary with over two decades of experience in every aspect of the real estate business both in India and abroad. Gopi has been involved in the development of over 28 million square feet of high quality space over the last 20 years. He brings to Fortius Waterscape the experience and commitment to deliver a superior product and experience.
To identify the species in and around Yele Mallappa Setty Lake, World Wildlife Trust on behalf of Fortius Infra photographed the bird species in the area. 28 out of the 38 recorded bird species have been photographed.
The photographs taken by C T Uthaiah of World Wildlife Trust, Bangalore are shown below. Click here to view the certificate from the photographer
RSP (India) , incorporated in Bangalore in 1996, is a premier Indian design consultancy and an aliate company of RSP Architects Planners and Engineers (Pte) Ltd, one of the largest and most reputed Building Design, Planning and Engineering practices of South-East Asia, based in Singapore.
With its 400+ diverse, highly skilled, experienced and dedicated workforce RSP maintains high levels of professional standards and management controls to deliver excellence in design and construction.
Being in the forefront of innovation and pioneering designs across India, the company has to its credit the design of IT Parks, SEZs, Business Parks, Mixed-use Townships, Residential Enclaves, Hospitals, Hotels, Shopping Malls and Industrial Parks amongst others.
Synergy is India’s largest real estate focused project management company with over 1000 engineers and architects on its rolls, and offices across India, Middle East, Far East and Africa.Over the last decade, Synergy has delivered over 120 million sq ft of high quality built- up spaces to global clients across Commercial, Retail, Health care, Hospitality and Residential verticals.
