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6 Questions to Ask When Looking for A Potential Home

With a new advertisement coming up every other day with lots of properties for sale, most home seekers are tempted to inquire and go ahead with buying their dream home. However, investing in real estate is like going through a dark tunnel, you are promised light at the end of it, but you don’t know the scenario outside. Taking such a big leap with your hard-earned money is a tough decision to make.

Whether you are a first time home buyer, a businessman looking to invest your cash, or a real estate professional who has thorough knowledge in the business, home purchases are always subject to external factors and changes that occur in the market scenarios at any given point in time. That’s why it’s important to ask the right questions before you finalize your dream home.

1. Can you afford the EMI?

Although it seems like a no-brainer, many homebuyers tend to bite off more than they can chew. Ideally, your EMI should be 40% of your household income, provided you don’t have any other loans. Plan your finances before you make the decision of buying. Ensure that you have a strong source of income which can take care of the EMIs and also have a safety fund for emergencies. Also, talk to banks and home loan providers to get a low-interest rate so that your investment becomes an asset and not a liability.

2. What are your current and future goals?

Since real estate is a big investment, you need to understand your short term and long term goals for the residential property. For instance, you need a home for a family of four, or you want a first home before you get married, or you want a home for your grandkids, etc. Once you know your goals, you can find the right property in Pune that aligns with your family’s evolving needs.

3. Does the location work for you?

Good location increases your appreciation of the property. Initially, you may be tempted to buy a reasonably low-cost property in a suburb or an under-developed area, but in the long run, it will always pay higher rewards if you choose a good location in terms of accessibility, growth prospects and convenience. Don’t just look for a location as per the real estate trends. Consider its proximity to your work, schools, entertainment, and more. Also, look at the rental rates in the area so if you have to put up your property on rent, you know that it will fetch a good monthly rent.

4. Have you done your research?

Study thoroughly about the market, the property and the builder. You need to do solid research before you buy your dream home. Check the current market trends, future predictions, property reviews, builder reputation, etc. to ensure that your home will be worth the money you are investing.

5. What about the extra costs?

Once you invest in a property, you have to take care of extra costs like maintenance, paying electricity bills, etc. You must have the financial stability to take care of these expenses along with any uninformed expenses that may come unexpectedly.

6. Will the builder deliver in time?

In recent times, this has become a major concern for most homebuyers. Make sure you buy from a trusted builder like Mittal Group to ensure that your home’s delivery is never delayed. Because if the possession isn’t on time, you can lose out on your tax benefits on home loans, too. Not to mention, you’ll have to pay EMI, rent, and deal with a lot of stress as well. Make sure the builder is reputed to deliver on time. Even then, factor in a few months’ delays in your plan before you book.

It can be an exciting phase when you start looking for your dream home. In order to ensure that it is a solid and smart investment for your future, asking the right questions make all the difference.

At Mittal Group, we answer all your queries and help you make the right choice based on your individual needs. Call us at today and let us find your dream home!

5 Ways in Which Demonetization Has Positively Impacted the Real Estate Sector

It has been a month since our Prime Minister Shri Narendra Modi shocked the nation with the announcement of nullifying the currency notes of Rs. 500 and 1000 in India. While this move has received mixed reviews across the country, Real estate developments Pune have warmly welcomed this bold decision. In the long term, this move against black money will prove to a boon to real estate and a win-win situation for both, buyers and customers.

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Customers are even more delighted as demonetization will translate into a more transparent and organized home buying process, thus soothing the anxiety and stress associated with such a big investment. If you’re worried about demonetization and its impact on the real estate sector, we have some great news for you! The following are 5 ways in which this is a brilliant call for India’s realty market and its customers:
1. Affordable Home Loans
Due to demonetization, the flow of money has increased in the banks from small scale industries and organized sectors, leading to huge deposits. With the liquidity of money, banks will be able to offer home loans with lower interest rates. Buyers can expect a dip of 2-3%, thus making it easier to afford a home loan and its EMIs.
2. Projects in Full Swing/
Real estate projects in Pune will now get completed faster as the pending projects will get the desired funding from banks and financial institutions due to the increased cash flow. This will help customers move into their dream homes without much wait as delayed and held projects will now resume work.

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3. Infrastructural Development
Due to the cash inflow to the government, there will be huge investments in the infrastructure of the country, thus enabling better connectivity to affordable housing projects in the outskirts of major cities. Since the government now has lakhs of crores, there will be a boost in funding infrastructure schemes.
4. More Buyers
Since fewer people were in the banking system before demonetization, there was a documented shortage of homes in India. However, now people will come into the mainstream economy and be eligible for home loans, thus increasing the number of buyers in the sector.
5. Transparent Process
A cashless economy will ensure a transparent and assured home buying process. Also, with the GST and RERA implementation, customers can buy their dream home without any anxiety or worries.
This is the perfect time to invest in real estate projects in Pune as you can get excellent returns on your investment. While an FD in a bank gives only 5-6% returns, buying a property can ensure long-term appreciation and will create a lifetime asset for your family. Make the most of this time to book your dream home in one of the leading real estate developments Pune and let demonetization work wonders for your future!

flats in Pune.

Interior Design Trends to Embrace in 2017

Real estate developers Pune are often looking at global design trends while designing their new buildings. Similarly, interior designers also prefer analysing world trends before they help customers create a striking home interior. If you have recently bought a 1 BHK flat in Pune or a 4 BHK flat in Pune, you must be considering your options for designing it in the best possible way. For those who already own furnished flats in Pune and want to redecorate, this is the perfect time to start your redesigning project. We bring you the top trends to look forward in 2017 and ways to incorporate them in your homes:
Let’s Add Some Warmth – Compared to the cool and simple white tones people used in their homes, warm materials like Terracotta will make their way in new-age residences. The natural matte finish will look great in bathrooms or for feature walls in the living room as it will give a unique character and warmth to your home.

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The Greener Side – Navy and midnight blues are now giving way to the dark green – a colour that will definitely uplift your home’s look and feel. You can opt for a dark green wall in the bedroom or choose furniture items of this colour to bring in some outdoors inside your home and make your homes feel naturally beautiful!

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Rewind to Vintage Time – Many home owners are now bringing back vintage style with a modern touch. You can refurbish a classic chair, add a vintage cabinet in your bedroom or go for a light fixture that beautifully integrates classic and contemporary. The fusion of two eras will bring in an exciting contrast to your rooms.
Sleep in Style – Bedheads are making a great impression in modern interior trends. Renowned for hotel beds and celebrity homes, these bedheads are now making their way in many premium 4 BHK flats in Pune. Opt for a neutral colour bedhead in the master bedroom and add some extra glamour and elegance to your private space.

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Your Escape Corner – As technology is invading a major part of our lives, many home owners are now looking for a nook and corner where they can be themselves and escape the wrath of technology. A place without any digital distraction, such corners can be adorned with relaxed furniture like floor rugs, a comfy chair, day beds, etc.

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A Jewel Toned Home – While the pastel shades of pink and blue have been a favourite for years, 2017 may welcome some jewel tones that are inspired by space, metal, clouds, stars and the cosmos. The sparkle will add a special romantic interest in the home and the dazzle will make coming home an extra special feeling.
Whether you’re looking to redo your furnished flats in Pune or want to spice up your new 4BHK flat in Pune with a stunning décor, these new interior design trends will definitely make your home stand out.
Happy Decorating!

Tips to Take Care of Your Home During the Rainy Season

As the showers of monsoon have started blessing Puneites, it has rescued us from the scorching heat of summers. However, while we thoroughly enjoy the monsoons, it isn’t a favourite season for flats in Pune.

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It is important to prepare our homes beforehand to avoid any damages inside or outside our beloved spaces. Along with showering joy, monsoons also bring along leaking walls, fungus on furniture or wet floors and a lot more troubles. We bring you some effective tips to maintain your home during monsoons:

flats in Pune.

1. Wooden Cupboards – You can put camphor in wooden shelves to reduce the moisture content and prevent your clothes from getting ruined. Keep cloves to prevent smell issues usually associated with damp clothes.
2. Wooden Doors & Windows – They tend to swell during the rainy season due to the excess moisture in the air. Try applying oil or wax to hardwood floors to protect it.
3. Carpets – If you love carpets around your home, this is the time when you need to say goodbye for a few months. Roll up your costly carpets and cover them with plastic sheets to protect them from moisture. You can use bamboo mats or acrylic carpets during this season as a temporary replacement.
4. Leather Sofas – If you proudly own a beautiful leather sofa, it must be cleaned regularly to prevent fungus from growing on it. Try not to keep potted plants indoors as it can increase the dampness in your home.
5. Electrical Wiring – Apartments in Pune are highly susceptible to electrical failures during the monsoons. Always check the electric supply before the rainy season and ensure all wires are properly insulated to prevent possible mishaps.
6. Painting – Check that exterior walls or plaster does not have any crack to make sure rain water does not seep into your home. Also, use weather proof paint for your home exteriors and apply a coat of waterproof or water-resistant product before you paint the internal walls. However, it is important to remember that you can’t renovate your home in the monsoons. Plan it before or after the season.

flats in Pune.

7. Drainage Systems – Get the drainage system checked and cleaned before the rains start pouring in. You can also have a rain gutter or harvesting system near your home to ensure rain water flows easily.
8. Bathroom Tiles & Grills – Check that all gaps in bathroom tiles are sealed and filled. Also, ensure that grills, iron frames, and metal doors are painted well to protect them from rust in this season.
9. Ventilation – Flats in Pune must be well-ventilated by fresh air as humid air can lead to dampness which can pose health hazards.
10. Pest Check-up – Make sure you get regular pest check-ups to ensure there is no termite growth in areas of water leakage or high humidity.
Though monsoons bring along a lot of happiness to us, our homes need extra protection to enjoy the season. These simple and effective tips ensure that every apartment in Pune is ready for the rains!

properties in pune

7 Bright & Colourful Diwali Decoration Ideas for your Home

Diwali is the most loved festival in India and all Pune properties look extremely bright and vibrant during this festival of lights. There are many ways in which you can glam up your home to make it look like the best flat in Pune during this festive season. Be it with diyas, lights, rangolis, flowers or torans, decorating your home will definitely lighten up your celebrations. It is said that Goddess Lakshmi enters homes that are clean and bright and blesses them with lots of prosperity and wealth. If you want to welcome the goddess at home, use the following ideas to make it shine the brightest this Diwali:

1. Diwali Diyas – The traditional diyas made of clay are a symbol of Diwali and your festivities will be incomplete without them. The charm of lighted diyas is enchanting in itself and can be further enhanced by painting them and placing them in all corners of your home. You can also bring an illusion of additional space and elevate your rooms with these diyas.

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2. Floral Diyas – To add some contemporary style to your home, place the diyas in a big bowl or plate filled with water and add lots of flowers or petals to decorate it. This will also add some soft fragrance in your home during Diwali time.

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3. Lanterns – It is always fun to buy beautiful lanterns to decorate the entrance of a home. If you want to look like the best flat in Pune during the festive season, opt for paper lanterns and put LED bulbs inside for a striking light. These lanterns will add grandeur to your home and also welcome guests during Diwali in an appealing way.

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4. Upholstery Change – You’d be surprised how changing just the upholstery around your home can make it ready for festivities. Opt for funky colour combinations, gold borders and silk fabrics to instantly elevate the look and feel of your furniture and homes.

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5. Candles – You can never go wrong with candles. Especially in the age where there are so many options available, you can buy a few scented and a pack of tea light candles to get your home lighted up for Diwali. The scented candles will also get you in the mood of festivities and freshen up your guests when they arrive. You can also decorate simple candles with flower petals, twigs, and cinnamon sticks to make it look gorgeous!

6. Rangoli – Colourful rangolis in front of everyone’s homes in Pune properties add extra joy to this auspicious occasion. You can even opt for flower rangolis for something unique and inviting this season. Place diyas in your rangoli to make it look even more beautiful and attractive during the evening time.

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7. Lighting – With china lights, it has become possible for every household to look like the best properties in Pune. Their affordability and variety make them an attractive option to decorate your home. You can put up serial lamps in balconies or add colourful bulbs that resemble a line of diyas on your walls.

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