Author: maxvelrealtech

CategoriesUncategorized

Independent House Vs Apartment

by maxvelrealtech

When you finally decide to buy your own house, there arises a confusion whether to invest in a independent house or an apartment? Apart from the monetary aspect, there are many other factors that form basis for final decision making. Since buying a house will be one of life’s biggest investment, which is why it is very important that the right decision is taken with care.

Why to go for Independent House/Villa

1. They are more customizable in terms of space management.
2. They offer more privacy.
3. Provides full ownership of the land on which the house is constructed.

 Why to go for Apartment/Flat

  1. The amount of investment is usually lower than independent houses.
  2. Offers higher rent yield.
  3. Since most of the facilities are shared thus the cost of maintenance is much lower.
  4. Apartments are generally safer not just because of the security arrangement, but because having people staying very close to each other, any alarming incident will have a better chance of being noticed by the neighbours.
  5. It is easier to get housing loan because lending banks often prepare a list of sanctioned projects where a buyer can easily get his loan approved.

Although both options have their own benefits, industry estimate suggest that apartments are now more in demand. Even in Tier-II cities like Dehradun, many apartments are being developed. The major such example is the growing trend of apartments in Dehradun in Uttarakhand wherein the real estate development has brought in many options to the home buyers in various budget segments like studio flats, 2 BHK flats, 3 BHK flats, 4 BHK flats and ultra-luxury flats.

CategoriesFlats in Dehradun

EMIs Vs Rentals: Buy a Home

by maxvelrealtech

Deciding to buy a house is one of the biggest investment decisions in anyone’s life. Being a huge investment, many home buyers seek refuge with home loans. And since with housing loan, EMI tenures are for a long period, there arises a question whether is it worth paying EMIs and owning home or to stay in a rented home?    

Why to go for EMIs?

  1. With interest rates coming down to record lows and the government increasing the tax deduction limits on housing loans, it makes perfect sense for buyers to avail housing loan, to enhance their gains.
  2. One can always rent out the property if not occupied by self and the rental income can be used to pay EMIs.
  3. The major reason for owning a home is long term capital appreciation benefits.
  4. Owned house can be set for Reverse Mortgage and that can provide much needed source of income.

Why to go for Rentals?

  1. With frequent job changes or transferrable jobs, getting tied down to a city/locality doesn’t makes much sense. Rented homes can be easily be transferred without any long-term commitment.
  2. Lower security deposits for rentals compared to high down payment for housing loans.
  3. Lesser expenditure on regular maintenance.

Although both options have their own benefits, but investing in own house in Tier-2 cities brings in more benefits than rentals. This is due to the fact that the cost per square feet is way less than Tier-1 cities and with ever expanding scope of Smart City project by the Government of India, these cities offer almost the similar lifestyle as that of big cities. The major such example is Dehradun City in Uttarakhand wherein the real estate development is booming and this has brought in many options to the home buyers in various budget segments like studio flats, 2 BHK flats, 3 BHK flats, 4 BHK flats, villas and farmhouses. Since it is easy to avail housing loan, if the buyer is investing in apartment, many projects have come up to cater to the growing trend of apartment in Dehradun.

2 BHK Flats in Dehradun for Sale
2 BHK offers balconies on 2 sides.

3 BHK Flats in Dehradun for Sale Corner
2 BHK offers balconies on 3 sides.

2 BHK Flats in Dehradun for Sale Regular
2 BHK offers balconies on 2 sides.

Penthouse for Sale in Dehradun
The penthouse offers luxurious living with a clear scenic view of Mussoorie.

CategoriesFlats in Dehradun

Self-Funding Or Housing Loan

by maxvelrealtech

Flats in Dehradun: Real Estate has always been considered a safe and long-term investment by my investors. But for the end-user, there has always been a dilemma regarding the source of funds for the purchase. Considering an investor has sufficient funds to make an investment, still, it is always advisable to go for an option of housing loan. The main reason being that, there always remains liquidity in the hands of an investor and with interest rates coming down to record lows and the government increasing the tax deduction limits on housing loans, it makes perfect sense for buyers to avail housing loan, to enhance their gains. Also, there have been instances where in the investors have been duped and all the hard-earned savings are lost in the hands of fraudsters. This is also the reason behind the change in perception of investors, especially in the city like Dehradun, towards their willingness to invest in flats in Dehradun.