14 years of
Happiness
14 years of Happiness
Anasvara Properties Residential Projects and Apartments
Only a few years back, the idea of owning a house was the middle-class family’s biggest goal. Those were the times when the thought of owning one’s own house remained a far-fetched dream. A blessed few could achieve this somewhere during middle age-but that isn’t the case any longer. The market for flats in Kochi is brimming with lenders tripping over each other with offers of loans at competitive rates, and affordable financial options. The best time to buy a house is when you are young when you have enough time left to enjoy that space and see it grow as an investment, to live at least half your life with the confidence that comes from owning property. In this day and age, indeed one can have it all!
Advantages of owing a home
Provides a sense of security
Builds equity
Provides stability
Is an asset you can fall back on in times of need
It is easier to buy property today, owing to stability in prices and tax benefits that can accrue to you by investing in housing
Real estate fetches an 8-10 per cent annual return. Therefore, appreciation is guaranteed over a period of time.
Gives you a free hand to make alterations in the property.
You are not dependent on the landlord to maintain the property.
The rate of mortgage interest i.e. the interest charged by the housing finance company on home loans is at a historic low and is more flexible than ever before. Hence in this declining interest rate scenario, home loans have made owning a house for the middle class a reality.
The Income Tax Act provides for deduction on interest payable on capital borrowed for acquisition or construction of a property. With such tax concessions if makes sense to own a home by availing a housing loan.
The rent is usually about 20-25 percent of your monthly income as compared to the 35-40 per cent that goes towards EMI. However, the annual tax saving on EMI means that the actual figure comes down to roughly 30 percent of your monthly income.
The Home-Buying Process
The Budget
Assess your post tax monthly income, Deduct tax saving contributions. Ditto for other earners in the family. Provide for credit card debt and other loan payouts. Provide for monthly household expenses. Now, set aside around 5% for contingencies Add up your savings you will need to put down your contribution of 10-15% as Housing Finance Companies will fund only between 85-90% of the property value. Now check if you have enough for the E.M.I's Plus maintenance expenses. Don't forget to budget for the tax breaks you get on your loan repayment. Typically, lenders will ensure your EMI's doesn't exceed 50% of your take-home pay, post-taxes and other deductions.
The Loan
Screen lenders on total financing cost and convenience. Get pre-approvals from shortlisted lenders. Check out property fairs for better rates Check if your employer has a tie-up with a lender, corporate discounts can lop off more than 1% in interest alone Today, lenders are vying for your custom, so play them hard against each other for the best bargain. Get a list of pre-approved properties from lenders. Borrowing will be a breeze if the property you zero in on is on your lender's list.
The Search
When you go house-hunting, you'd like to consider; How far you'd be from work How far you'd be from your kids schools How far you'd be from reliable medical help The quality of civic amenities (water, electricity, waste disposal etc) How accessible social amenities like markets, clubs and parks are of course, the ideal in the above terms may not match your budget. So. Now you want to match your budget with your requirements and what's available And make the necessary trade-offs. To know what's available, you will scour the advertisements ask friends and neighbours, and may want to check out property fairs. Once you have finalized the projects check the past record of the builder and visit their completed projects.
Services
We have a team working especially for design as well on production works. The team is young, energetic and are capable of converting your dream interiors in to read ones. The service has offers for all our customers who are to be a part of our family.
We have young and experienced hands for all your needs, including the maintenance of our building and ensuring the proper functioning of electrical, plumbing, etc. within the maintenance period. This service is specially dedicated to all our customers, especially those who are new to the city, and they are available at all times to make your living comfortable in our Flats in Kochi.
FAQ
A) Security reasons
B) Community living
C) Expense sharing
D) Amenities & Facility sharing
E) Less expensive
F) Less maintenance
A) Tax length
B) Monthly income
C) Increment option
D) High ROI
Carpet area is the usable area of your flat
We arrange loans for you through Banks