5 Ways To Stay Within Budget While Buying Residential Property

Limited Budget is one of the main concerns of home buyers these days, if you are one of them then we can help you. Read this blog to know more.

Home is one of the costliest assets we will ever own.

We all want a perfect kitchen, large master bedrooms, stylish bathrooms equipped with modern fittings & fixtures, and a spacious lawn. Everything seems right but the problem occurs when we want to spend more than our capacity just to satisfy our over-expectation. Yes, it is true that our homes become status symbols — and often bankrupt us in the process.

There is countless home buyers how feels remorse after purchasing their dream home due to spending more than capacity.

Don’t join their league when you buy your dream home.

How to invest in residential property within your budget

Before rushing to buy residential property, keep your mind cool and consider a durable financial goal firmly in mind. Do not cross the limit of your budget by following these simple steps.

Table of Containts

1. Consider Moving to a Less Expensive Market
2. Act as Seller & Buyer
3. Consider House Hacking
4. Stop Comparing Your Lifestyle
5. Make the First or the Last Offer
6. Conclusion

Consider Moving to a Less Expensive Market

The first & foremost step in the real estate investment is to find the best location that comes in your budget. This best location could be your native city or nearby your office, location is the biggest factor that determined the worth of your real estate investment. Outskirts of the cities will generally be cheaper than localities within the center of the city with fast development.

So conditional on the intention of your real estate investment select a location that is perfect for you. For instance, if you like to live in a peaceful & green neighborhood away from the chaos of the metropolitans then consider buying property in the outskirts. If you want to enjoy a contemporary lifestyle close to your office enjoying the public transport facilities then go ahead and invest in an apartment in your favorite metropolis.

Act as Seller & Buyer

Real estate agents are the channel partners of the real estate developers. That’s why they are the best source of information for property value. As a prospective home buyer, you can research both your end as buyer & seller. Shortlist some of the best channel partners in your region and then start a property value survey. First, you should act like a property buyer and ask the property price from some channel partner and then act like seller checkout how much price you will get for the same property. Now you will get the average buying & selling price of the property.

If the difference between average selling & buying price is not more than 4% then it means channel partners are providing you the best rate, and if the difference is more than 4% it means prices are not reliable.

Consider House Hacking

This is the best trick to make any luxury home affordable, but most home buyers never consider it.

What is house hacking?

House hacking is a popular concept in western countries this concept involves buying a property with 2 or more units, moving into one, and renting the others. The rent from the neighboring units can potentially cover your entire home loan EMIs.

Sometimes, affordability does come from working smarter, not harder.

Stop Comparing Your Lifestyle

It is very easy to fall into the cycle of compare & envy.

If your friend, relative, or neighbor just bought a luxurious house for Rs. 1.5 Crore and you are aiming for a budget of Rs. 2 Crore or more, you probably can’t afford to look in the same locality. That’s life.

Rather than envying over the fact that your friend bought a super-luxury home, offer your best wishes and then get excited about what you can find in your fixed budget.

Everyone has their limitations, priorities in life, and long-term financial goals. Concentrate on the best picture, by staying within your budget.

Make the First or the Last Offer

Universal fact: most of the sellers who have listed their property within few weeks still believe that their expected offer is coming.

But on the other hand, sellers who have sat more than 4 months start doubting why they have not gotten the best deals. That makes them ready for below their expectations offers. So, if you are looking for the best residential property at the best price then run a search on the home that have listed on the real estate property portal more than 4 months ago. Visit these residential properties and consider making a series of affordable offers to see who responds.

Conclusion

Staying within budget when buying a house takes discipline. Know what you’re willing to spend, and refuse to look at homes outside your price range.

Don’t be afraid to get creative through strategies like house hacking or moving to a less pricey housing market.

Most of all, be patient. Remember it’s a numbers game, and it’s only a matter of time before the right home comes along.

12 Reasons To Move Into Tata Eureka Park!

• By Admin
• Project Reviews

Tata Eureka Park is the best residential project in Noida Sector 150 from the reputed developer Tata Housing. You can obtain several benefits by opting for this community rather than the other ones.

While looking for a dream home in Noida, you may get numerous doubts. One of the biggest confusions people generally face is whether to choose a residential community from a big brand or any local real estate developer. Here we suggest you choose only a reputed real estate developer because only here you will get the best value for your investment.

Here are some of the most notable reasons to buy your new home or Invest in Tata Eureka Park Noida :

Table of Containts

1. Trust of Tata
2. Enhanced Level of Security
3. Expansive Green and Open Landscape
4. Smart Home Automation Features
5. Aluminum Shuttering Technology
6. World-Class Amenities
7. Location Advantages
8. Clubhouse with Swimming Pool
9. Wi-Fi Gazebos
10. International Sized Tennis Courts
11. Great Value
12. Gated Community Safety and Security
13. Some of the best & modern security arrangements are:-

Trust of Tata

Tata Housing is not only a reputed real estate developer but a subsidiary of Tata Group. This real estate developer with the motto of inculcating zeal at work and bringing the best to its investors, set up in the year 1984, the company has been engaged in luxury construction of residential projects. The company has developed its communities in different cities of India. Apart from luxurious, fully-developed residential projects, the company also presents commercial, retail, IT, and infrastructure projects.

Enhanced Level of Security

Smart apartments in this residential community are not only equipped with home automation features but also smart security systems. Some of the best features are digital AV door phone, provision for App-controlled appliances and smart door locks with keyless entry through a passcode. 

Expansive Green and Open Landscape

In this residential community, you will get environmentally friendly smart homes with lots of advantages. Tata Eureka Park in Noida spread over 20.74 acres of land comprising high-rise towers, large central greens, an open-air amphitheater, a walking track, and other types of greenery around the community. These features not only provide a more “proximity to nature” feel but also make the atmosphere more fresh and healthy. 

Smart Home Automation Features

This residential community presenting 2 & 3 BHK homes with app-controlled automation features where you can manage the lights, fan speed, and temperature of your home with a single click. And smart door locks in the home with keyless entry through fingerprint access are the best smart security features. 

Aluminum Shuttering Technology

Every residential project from Tata Housing is known for the best construction quality, timely possession & earthquake resistance, and the same you will enjoy in Eureka Park, thanks to the latest construction technology ‘ aluminum shuttering technology’.  Aluminium Formwork System also known as “Mivan Shuttering” is a modern construction technology for forming the cast-in-place concrete structures of a construction. It is also a modern construction technology for controlling and arranging the work of other construction trades such as steel support, concrete placement, and electrical and mechanical canals.

World-Class Amenities

There is no other residential project in Noida that can present a standard of living similar to many world-class gated communities in developed countries. At Tata Eureka Park you have almost everything that you need to enjoy your living. Here you can find world-class amenities, such as:

• Library 
•  Squash Court
•  Badminton Court
• Basketball Court
• Smart Parking Assist
• Kids Play Area

Location Advantages

Tata Eureka Park is located at Sector 150 Noida nearby Noida Expressway, a neighborhood that offering easy connectivity towards quality educational institutions, best hospitals, banks, malls, and retail stores, etc. As well, you will get the ease of access to Delhi, Greater- Noida, and Faridabad. Wide expressways, flyovers, and metro connectivity make the community more demanding.

• Noida Sector 148 Metro Station – 5 minutes
• Amity University – 20 minutes
• DLF Mall and World of Wonder – 30 minutes
• South Extension in South Delhi – 45 minutes
• New Delhi Railway Station and Delhi International Airport – 55 minutes

Clubhouse with Swimming Pool

Grand clubhouse in Tata Eureka Park Noida Sector 150 gives you access to a world of joy that contains a state-of-the-art gymnasium and party hall, etc. Here you can enjoy 20+ amenities but the swimming pool is one of the most desirable amenities of this community especially in the scorching heats of Delhi NCR. 

Wi-Fi Gazebos

Gazebos in Tata Eureka Park are equipped with Wi-Fi connectivity & power plugs, which makes you well connected anywhere within the community, you can do your office or personal work here and enjoy the view of greenery. 

International Sized Tennis Courts

Playground and indoor play areas may be the common amenities these days in residential projects, but a tennis court is a rare amenity. But in Tata Eureka Park have not only a tennis court but 4 international sized tennis courts. Whether you play tennis or not, but a home on residential property with an international-sized tennis court is undoubtedly a symbol of prestige. 

Great Value

Most of the home seekers in Delhi NCR don’t prefer gated communities because of a common misunderstanding like they have a high living cost such as maintenance charges. If you are also one of them then, it is time to come out of it, because these smart homes are available at a very reasonable price and maintenance charges here are only Rs. 3 per Sq. Ft. As well as, these apartments have excellent property value than the ones that are from unreliable developers. So, if you want you can easily sell the house in the future.

Gated Community Safety and Security

The most understandable thing you will notice about Tata Eureka Park is the level of security. Every visitor at the main gate of the community will be checked & greeted by security guards who supervise the check-ins and check-outs. Even as this may sometimes create frustration, but it is important prevention from would-be thieves and thugs.

Some of the best & modern security arrangements are:-

• Security Cameras with digital motion sensors
•  RFID enabled parking access

So, these are just the 12 reasons to choose Tata Eureka Park as your dream home, but counting doesn’t end here. There are many other best reasons, if you want to know more, then schedule your site visit now.

Is Gurgaon an Ideal Investment Destination?

• By Admin
• Market Trends

Gurgaon real estate is one of the best choices for real estate investors in terms of ROI. This region has experienced stability in real estate during the first & second waves of Covid19, which gives confidence to the prospective buyers.

Gurgaon as a region has seen many instabilities, but the real estate market here has seen stable growth. Real estate developers & developments of this region have stood ahead of other real estate markets in the country. When it comes to transparency, buyers’ satisfaction, timely delivery, and track record, etc., Gurgaon overtakes all locations.

Have the green surroundings & high-rise developments maintained the development of its real estate? Let’s talk about the favorable factors of Gurgaon.

Table of Containts

1. Millennium City:
2. Corporate Boom:
3. Growth fuelled by IT:
4. Demand Supply Equilibrium:
5. Weather:
6. Property Price of Different Regions in Gurgaon:

Millennium City:

In the city’s need to maintain its global city reputation, every reputed real estate developer in Gurgaon like DLF, Tata Housing, Godrej Properties, Shapoorji Pallonji Real Estate, Hines, and many others are trying their best to please their targeted demographic. Some of the best features available in world-class residential projects in Gurgaon are basement car parking, themed landscape, ecologically friendly communities, smart security features, waste management system, etc. that are enticing well-informed home buyers.

Corporate Boom:

Sharing its boundaries with India’s national capital (New Delhi), Gurgaon is the home of high-rise residential and commercial developments. The existing development of Gurgaon is actually the outcome of more than two decades of India’s express economic growth. Countless software companies & call centers have set up their base here. According to the data of 2012, the private sector was boosting the development at that time with the investment worth approx 4.5 Lacs Crore rupees, which was approx 87% of the total investment in Gurgaon.

Growth fuelled by IT:

The demands for working professionals in Gurgaon have risen and so has their salary. Working professionals’ demand for luxury housing and world-class services has pushed builders in Gurgaon to raise the lifestyle and construction quality. These working professionals expected the same kind of professionalism & transparency they are following in their workplace. Real estate developers have tried to reach that level of quality and class.

Demand Supply Equilibrium:

Gurgaon real estate is one of the best choices for real estate investors in terms of ROI. This region has experienced stability in real estate during the first & second waves of Covid19, which gives confidence to the prospective buyers. In the comparison of other regions of Delhi NCR, the cost of residential property is a little bit higher but seems reasonable when you compare the lifestyle, amenities, services & neighborhood of communities of Gurgaon with other regions.

Weather:

Gurgaon is hot & humid in the summer season and winters are chilly just like Delhi, this region has won the heart of many because of its persity in climate. Many best educational institutions have started to open up branches in Gurgaon because of this reason. Apart from lucrative jobs and opportunities, the weather invites fresher’s to set their base in the city. Once you are in Gurgaon you would not want to leave the region.

Property Price of Different Regions in Gurgaon:

• Sector 102 – Rs. 35,000/sq. ft.
• Sector 108 – Rs. 10,500/sq. ft.
• Dwarka Expressway – Rs. 11,700/ sq. ft.
• Golf Course Road – Rs. 16, 927/ sq. ft.
• Sector 91 – Rs. 5100/ sq. ft.
• Sushant Lok II – Rs. 10, 600/ s. ft.
• Sector 81A – Rs. 5,600/ sq. ft.

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