With the growing urban population, most cities in India are getting increasingly overcrowded. Likewise, the space to house this burgeoning population is also running out, with the result that vertical high-rise homes have now become the norm.
Becoming a homeowner is a heady experience, but for the average person, this dream is usually possible only with the backing of a home loan. The practice usually involves making a down-payment which is roughly 20% of the cost of the property. The remaining is paid by the bank providing the home loan.
Having a home of your own is a great achievement in life. But just the way you take car insurance and personal insurance seriously, you also need to take on home insurance. After all, your home is one of your biggest investments and hence worth protecting.
With cities running out of spaces, homes are also getting smaller with some rooms having to play double-duty roles. The living room is the space meant for socializing, lounging, watching TV and generally relaxing with friends and family. For the smaller children, the living room is also space where they can play all they want comfortably as many homes may not have a designated playroom.
However, your living room can get messy and cluttered as children tend to spread out toys all over the room. This makes your relaxing zone feel a little crowded and you need to consider ways to clear the clutter. Here are some ways to provide a designated area in your living room where the young ones can play without taking up the entire living room space.
The most important tip is to provide ample storage space in your living room. These can be in the form of drawers, cupboards, trunks or stylish bins where toys and other bric-a-bracs can be neatly stowed away.
The best way to separate the play zone is by using a visual divider that children can understand easily. Providing a colorful rug in one corner of the living room along with comfy throw pillows and bins to hold toys will create a boundary for the children to keep their toys in.
Alternatively, you could also install a playpen area and furnish it thoughtfully with child-friendly seating. This will keep all the kid’s toys within a restricted zone.
Add a low table which can double up as an activity or writing table and keep toys, etc. Low puffs or overstuffed pillows will make great seating as the kids stay busy in their own world.
If you have a recessed area in your living room, it can act as a great play area. You could color it brightly to demarcate the area from the main living section. Place colorful seating, a bright rug along with nifty storage for your kid’s toys and paraphernalia.
Hard-wearing materials – Use easy–to-maintain sofa materials that can withstand stains. Your walls can be coated with paints that can be easily wiped. These types of materials are essential when kids are at play!
This way you can still have a stylish living room that is easy to tidy up even with kids playing around. Check out the ready-to-move-in Fortius Waterscape apartments in Krishnarajapuram, Bangalore that are thoughtfully-designed to provide spaces for all family activities.
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:
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.
