Key of Dream

Buying real estate is no cake-walk. The decision from whom to buy a home is as important as timing the purchase. While booking a property, you may have to choose between buying a fresh unit from a developer and buying from an owner - essentially known as the primary and secondary markets, respectively. Both have their advantages and disadvantages and you must make an informed decision based on the nuances involved in each of these options. Advantages: Fresh Booking (Primary Market) An under-construction fresh unit may allow you to get customised payment plans, most popular being the construction linked plan. The ease of payment is the biggest advantage of buying an under-construction unit from a developer. Since the unit is new and unused, you will not have to worry about the chipping paint or nail holes. You can make changes to your unit from scratch. Post the implementation of RERA on 1 May, 2017, all under-construction and new units are mandated to be registered under RERA. Buy...

Apartments General features Apartments have increasingly become the most supplied property type across cities in India. Their popularity can be attributed to reasons including but not limited to contemporary looks, modern-day amenities and better security. In addition, issues pertaining to water and power supply, and maintenance are usually taken care of by the developer. Thus, if you are buying a property for end use, apartments might prove to be the best option unless you want the liberty to design your own house. As these units are easily available, you also have plenty of options to choose from, depending on your budget, location and other preferences. Scope of earning/income opportunities In case you do not plan to occupy the flat immediately, you may put it on rent and revoke the burden of EMIs, if you have availed a home loan. Another advantage of investing in an apartment over a plot or a house is its higher resale value and a wider buyer base. As demand for these units is usua...

A couple of terms that perplex most home buyers are “freehold” and “leasehold”. So, what do they mean? Are there any legalities associated with them which a home buyer should be aware of? What is the basic difference between the two? And, most importantly, is one better than the other? The main difference between freehold and leasehold properties pertains to land ownership and control. As an owner, you can mostly do what you wish with your home, provided you keep within the local planning rules. In the case of a leasehold property, the ownership is given by the government for a tenure of 99 years. It is possible to extend the leasehold to 999 years if the owner, which is the State in most of the cases, wishes to extend the lease and you have to pay a price for the lease extension.   Freehold Property If you have purchased a freehold property, you own the land it is built on and also the house. In the case of apartments, the owner of the house becomes a shareholder in the property. ...

Buying a real estate asset, particularly a property in your name, should be a guided decision with the goals and objectives well-defined. One cannot simply leave any space for confusion when it comes to putting your lifelong savings into the realty market. Though investing and end-use are the two most frequently used words in the context of buying a property, many fail to understand the fine line of difference between the two. For instance, while location is of paramount importance while buying a home for end-use, one could probably compromise on it a little when it comes to investment. Let’s look at these important parameters closely.   Location End-users: For those planning to own a home for shifting into it sooner or later, location plays the most important role. Make sure that the locality is conveniently situated and one that can cater to all your needs. It should have access to facilities such as schools, hospitals and malls and should be well-connected to other parts of the ...

The whole world is eager to invest, and for all the right reasons. The benefits are countless: the return on your assets can be utilised as a regular source of additional money for your day-to-day living expenses. You can also reinvest the funds to compound your wealth. Merely saving money is not enough – making the right investment is critical for higher returns. Stay with Key of Dream. One quality investment that is the talk of the town today is real estate. Real estate investments often yield consistent cash flows, good yields, tax advantages, and diversification with well-chosen assets - and are a great avenue to build wealth. Investors make money through rental income, appreciation, and profits generated by business activities that depend on the property. Here are six tips for you, as a (soon-to-be) real estate investor, to get going on your real estate investment journey: Start early, enjoy latter. As property values rise with time, investing in real estate at an early stage give...

A question that usually troubles almost all home buyers is whether to opt for a ready-to-move-in house or book an under-construction one. Since both these property types serve and suit different purposes and intents, it is imperative to know their pros and cons in details. Here is a ready guide to help you take the decision.   Buying an under-construction property has become one of the easiest ways to realise the dream of owning a home these days. This proposition in real estate comes with certain risks as well, the most common being delayed possession. However, due to the incessant delays in project deliveries in the last few years, home buyers have increasingly started preferring ready units. Let’s take a look at the advantages and disadvantages of both under-contrsuction and ready properties in the article below. Advantages of Under-Construction Property: Easier on the pocket An under-construction property does not hurt a buyer’s pocket as much as a ready home does at the time o...

Many landlords prefer to increase the rental amount annually at the time of lease renewal, generally, maintaining a 10 percent minimum hike. However, regular payments and good upkeep of the property, among others, can help you negotiate a rent increase with your landlord. Key of Dream elaborates more on such tips to help you ace rental negotiations. Every year, Mr. X pays more rent to stay in the same house in North Delhi. Although he has been living in the same property for over seven years, he has not yet found a way to negotiate rent with his landlord, who following the usual practice, raises the monthly rent by 10 percent every year. Almost all tenants, have to face the above situation. While it is a common practice among property owners to increase the monthly rent by 10 percent annually, some tenants are fortunate enough to get away with a smaller or negligible hike. Does this mean that the art of negotiation gives them an edge over others? Also is the yearly rental hike mandator...