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Showing posts from May, 2021

5 Things to Check before Buying a Property in Calicut for NRIs

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Calicut is the largest urban area in Kerala and a centre for major real estate investments in the state. It attracts investors and homebuyers across the state, especially from the NRIs owing to the fast growth of real estate segment in the city. Buying your dream home is a heavy investment business and requires you to spend a considerable amount of time and energy in its pre-purchase stage. Take note of the following points to make a wise decision while purchasing a property in Calicut.  1. Location A myriad of factors combine to form a good location, connectivity tops them all. Other aspects of a good location is the proximity to social infrastructures like schools, hospitals and employment centres, appreciation of the property and a good and refined neighbourhood . If you can find a site away from the hassles of the city along with all the aforesaid features, then it’s the place for you.  2. Amenities Home is not a home anymore with the absence of world class amenities. Calicut has a

5 Points To Help You Set Up A Home Gym

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As days go by we are all becoming increasingly health conscious, staying fit is equally important as going for work. Gyms have become a weekly spot of visit, if not daily for both men and women alike.  So how about setting up a gym in your own space? It isn’t that difficult as it sounds to be, a few essential and simple equipment can make a very functional home gym. Go through the following 5 points to effectively setup a workout space in your own place. 1. What’s your goal? You definitely need not all equipment together in your home gym, so first identify what exactly you want to attain by working out. Gain strength, build muscle, lose fat or simply work out to feel healthy and relieve stress- your purpose can be anything. The equipment might vary as your need, say for instance muscle building necessitates dumbbells and barbells, where as to lose your belly fat you might require only a tummy trimmer. In short, identify your goal and make a list of things that you need. 2. Your budget

Tax benefits of Jointly Owning a property with Your Spouse

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Joint ownership of property is a common practise adopted by many couples for a mix of tangible and intangible benefits. It can increase the sense of equality, trust and better bonding between couples apart from other financial benefits to them. Consider the following facts regarding the tax benefits of co-ownership of property with your spouse.  1. Co-owning and Co-borrowing To avail the tax benefits of joint ownership your spouse should be a co-borrower of home loans. He/she who co-borrows and contribute to the EMI shall be eligible for tax deductions, if you do so, both of you can individually claim the tax deductions on the interest paid on the home loans in proportion to the ratio of ownership.  2. Tax benefits only for completed property As a general rule, tax benefits of home loans can be availed only after completion of the property. The expenses prior to the completion can be claimed from the year of completion in 5 equal instalments.  3. Deduction on the principal amount Under

Choosing Between Marbles and Vitrified Tiles

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Choosing between Marbles and Vitrified Tiles is a common confusion amongst all home buyers. While marbles traditionally occupy a classy position in our minds, the variety designs and low cost of vitrified tiles have made it popular in recent times. Here is a look at the pros and cons of using marbles and vitrified tiles.  1. Composition Marble is a naturally occurring stone made of limestone which is mostly very soft and thus not much resistant to abrasion. Since they are natural, they don’t highly resist acids and would lead to stains if proper care is not taken. At the same time, marbles can be polished to even a mirror finish, they feel so good under one’s feet and has a very elegant look making them a premium choice of all home buyers. On the other hand, vitrified tiles are artificially made to fit the flooring convenient for our use. These tiles are non-porous such that they don’t absorb water or any liquid and hence, stain resistant. They come in a variety of designs giving you a

Types of Home Loans in India

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The decision to build or purchase a new house essentially comes with doubts and concerns regarding various home loans available. Here is a brief about 5 popular types of home loans available in India. Home Purchase Loans Home purchase loans are the most commonly available variant of home loans in financial market. Banks generally offer up to 85% of the market value of the house as loans while salaried borrowers may get a higher amount sanctioned if they show their performance related income. Moreover, both the principal amount and the interest on loan are deductible while computing the income tax. Home Construction Loans Home construction loans are slightly different from home purchase loans. The loan amount sanctioned is decided based on a rough estimate of the construction cost (which doesn’t include works like painting, furniture, cupboards, plumbing, lighting etc.). Loan sanctioning requires the applicant to submit sales deed, approved building plan, NOC from the respective authori

6 Tips To Care For Your Wooden Flooring

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The elegance and class of wooden floors cannot be substituted by any other type of flooring. Its magnificence is immense, so does it require good care. The following are 6 tips to take care of your wooden floors such that they remain brilliantly classy over time.  1. Protect with area rugs Floor is the most roughly used part of any house and requires continuous cleaning and protection unlike any other area. Wooden floors are more easily prone to damage when compared with other options. The best way to protect wooden flooring is to use area rugs in those parts that you spend time more often, like your living room, kitchen and dining hall. Apart from safeguarding your floor, area rugs are one of best choices for interior décor as well.  2. Vacuum weekly When it comes to wooden floors, vacuum cleaners are always the most recommended for there is practically no other means to perfectly remove dirt and fine debris from cracks and crevices of wooden floors. You may dust daily and vacuum clea

Ready To Move Apartments In Calicut – Ladder Mankav Greens

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The demand for ready to occupy 2bhk, 3bhk and 4bhk luxury flats and apartments in calicut are increasing in these days than ever. With these developments. the  real estate and construction industry of Malabar is expected to be in great demand and growth in the near future. Many investors, home buyers and real estate brands are taking this opportunity and time to achieve good benefits. The 2bhk , 3bhk and 4bhk luxury apartments in calicut are always a dream for the modern families and investors. Localities like Mankavu are very convenient, since these areas offer easy commutation, close proximity to school & colleges, proximity to all civic and social amenities, presence of leading healthcare centers, and more over these localities are considered as the best residential destination in the city. Many builders in Calicut are providing residential projects in these locality offering relatively spacious and affordable luxury apartments. The proximity to IT Parks and other industries, en

Tips To Cut Electricity Costs

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Increasing electricity bills are a concern in most Indian homes. Proper usage of home appliances and avoiding unwanted electrical fixture in your home can help cut down electricity costs to great extends and save your money. Here are some of such tips to bring down power consumption in your home. Going Solar Solar panels are an efficient home upgrade to not only supplement your power usage but also to minimize electricity bills. From heating water to powering lights at night, solar energy will help meet various power requirements in your home and will also let you follow sustainable energy practices. Lights and fans Major part of household power consumption is dedicated to using lights and fans. So, it is always advisable to use energy-saving light fixtures like LED bulbs and CFLs. These are not only economical but also provide more brightness in the interiors than standard incandescent ones. Also cultivate the habit of switching off fans when leaving the room as an energy-saving pract

Top 5 Ways To Increase Your Home Loan Eligibility

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A home is every one’s dream. Whether you are building a brand new one or buying a house, the emotion behind it stays all the same. Nonetheless, raising finance for a home is a strenuous task for many. And they turn to home loans to help realize their dream. But banks does not approve home loans for every applicants and the criteria for eligibility can be difficult to achieve at times depending on the income and other financial factors. Here are top 5 ways to increase your home loan eligibility.  1. Combine Incomes When apply for a home loan, it is better to combine income of the applicant with that of a family member to improve maximum loan eligibility. One can add a working spouse or a parent as a joint application to increase the credibility as the liability is shared.  2. High tenure Monthly repayment capacity or EMI is decisive in calculating home loan eligibility. For higher tenures or as the time period increases, EMI will be smaller and this also lightens the burden of repayment

5 Tips To Utilize Your Balcony Space Creatively

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A balcony, for many is just a space offering momentary relief from the boring enclosed walls of a flat or apartment. But in reality it is the most ideal getaway to the outdoors all the while providing privacy access from the indoors itself. Apart from using the space to place the cloth drying stand, a balcony can be converted to a comfortable relaxing zone to your liking. Also, if utilized properly a balcony comes handy in extending your living space and thus solving the space crunch issues. Here are 5 tips for a creative balcony space makeover.  1. Comfy lounging zone Balconies of high-rise buildings open out to breath-taking views of the locale. And when surrounded by lush greenery or nestled between mountains, your balcony makes an excellent choice for a vantage point to relish in the beauty of the nature. Add some comfortable bay window seats with plush cushions or a lounging chair and you have a tempting lounging zone with a view to unwind after a long day.  2. Green space & h

4 Reasons Why Mankavu Is A Better Place Than Others in Calicut

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Mankavu is a fast-developing suburb in Calicut city which is growing exponentially in all spheres. Situated in the heart of the city, Mankavu has become a highly preferred residential destination. The availability of quality living and proximity to many social infrastructures have made the suburb favourite for real estate activity in the city. Here are top 4 reasons why Mankavu is a better place than others in Calicut Connectivity Mankavu enjoys connectivity to all prime transportations modes such as railway station, airport and public transportation facilities. Mankavu Road is a major thoroughfare in Calicut which extends the accessibility to the city. Social infrastructures Located in the heart of Calicut city, Mankavu has easy access to leading social infrastructures. Educational institutions like IIM Kozhikode, hospitals like Kozhikode Medical College, MIMS Calicut; retail establishments and shopping centres can be found in close proximity to the suburb. Residential hub The availab

Factors To Consider, While Opting For a 2 BHK Apartment

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When buying a flat or apartment, many are confused between the choices offered by 2 BHK and 3 BHK units. And failing to determine the ideal apartment size for the family can result in either having less space or having an extra bedroom without any purpose. But the preferred of the two are 2 BHK ones as they provide adequate space for the current set up of a nuclear family. Here are some more factors to consider while choosing a 2 BHK apartment.  1. Cost A 2 BHK flat comes in a nominal cost than that of a 3 BHK. Rather than choosing a 3 BHK for the desire of a bigger home even though it is not required, it is best advisable to go for a 2 BHK. It won’t require straining the finances and will not cause additional burden on your budget.  2. Maintenance A 3 BHK flat or apartment comes with more expenditure in terms of furnishing and interior design because of the additional space when compared to a 2 BHK. Also maintaining the house to be dust-free will be a daunting task in a 3 BHK because