Sustainability in Real Estate

Across the world, the corporate world is pushing towards business models that minimize the overall carbon footprint. The real estate sector of Chandigarh is no exception. Builders are keen to implement technologies that are environment-friendly and works in favor of a healthy lifestyle. People looking for ready to move flats in Mohali demand features that are sustainable and eco-friendly.

Sustainable Initiatives

Builders in Tricity have taken several initiatives in this direction. And the results are amazing.

Here’s how the residential projects are more sustainable than ever before:

Solar powered: Most real estate projects, be in housing or commercial, has gone solar. Homes and societies that are powered by solar energy are preferred by new buyers as the society is becoming conscious of environmental damages due to fossil fuel.

Rainwater Harvesting: By implementing harvest rainwater plan, the societies across Tricity have done a fabulous job. By making ducts and pit, the excessive rainwater can be collected and used in the future for various activities in and outside the home.

LED Lightning: Energy efficient light-emitting diode (LED) technology is the preferred choice of builders in Tricity. LED consumes almost 90% less energy, thereby reducing the electricity bill and the carbon emissions on individual and social level.

Parks & Greenery: Real estate developers in Mohali are dedicated to creating green space around their residential complex. Theme parks with play & fun facilities for kids and even adults are an integral feature of most residential projects.

Gymnasium and Sports facility: Having a gymnasium and sporting facilities within the society is in high demand. A gymnasium serves nicely for adults for weight loss or muscle gain and the sporting facilities keep the kids and youngster busy in morning and evening.

The standards of a sustainable lifestyle in Tricity have improved drastically. People searching for 3 BHK flats in Mohali (and elsewhere in Tricity) would settle for nothing less. To comply with such public demands, SRG Developers is fabricating Marbella Grand – a sustainable & eco-friendly luxury housing project in Mohali.

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Some of the benefits to enjoy from your investment in a second home in Tricity:

Rental income

This benefit is the primary reason for most of us to buy a second home. The rental income will accumulate wealth over an extended period of time as it keeps on adding to your monthly income.

Future investment

An asset in the form of residential property will be quite beneficial in the long run. Assume that your property is an investment for the future. You can fund your future needs (child education & marriage, illness, etc.) with this investment.

Increment on investment

The second home you buy will appreciate in value with the passage of time. Compared to other investment schemes (like FDI or stocks), investment in real estate is likely to give the best return on investment.

Avail Tax Benefits

The home loan for your second home comes with tax benefits for property purchase. As per the government norms, home loan EMI allows one to get rebates on tax returns.

A short-term investment

A buyer can decide to purchase a second home at a time when the prices are low. Sometimes, an exclusive pre-launch offer is available for cheap prices. Buyers can expect the value of their investment to appreciate in a quick time. After which the property can be sold at a handsome profit.

A second home in need

There are times in life when a family requires a second home. Some members of the family may want to move out or relocate from the current location, like parents wanting to move to a location after retirement. That’s when a second home comes very handy.

If you are thinking of buying a second home then Marbella Grand in Aerocity is a perfect match for your desire. The company offers luxurious 3 BHK ready to move flats in Mohali that would be a great way to invest in a second home in Tricity.

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Here Are The Four Good Reasons Why Mohali is a Great Investment For Real Estate:

1. Rapid Commercial Growth

The focus of Punjab state government and the municipal governance of Mohali is to provide new commercial land in order to boost commerce in Mohali. Mohali was once a sleepy little town existing in the shadows of Chandigarh barely 10-15 years ago. Today, the city has transformed into a livewire city dotted with multinational businesses and large manufacturing units such as Godrej & Boyce and Hind Motos Ltd. Development of IT Parks and industrial estates has ensured that industrial growth is a permanent feature of Mohali’s economic growth.

2. Opportunities for Employment

As the commercial and industrial sector grows, the job opportunities have risen accordingly. A vast number of jobs requiring different kinds of skills are available for the prospects. The prosperity of the IT industry along with IT-enabled services (ITeS) has driven the young workforce from all corners of north India to Mohali. There is also no dearth of jobs in Mohali in the real estate and manufacturing sector.

3. Growth of Residential Real Estate

As the economy of Mohali grows, so does the residential real estate sector. No wonder that this growth in the residential housing sector is here to stay. This should propel investors to scout for residential properties that promise good returns in the short as well as in the long term. Buyers have many options in the city, from simple 01 BHK and 4 BHK luxury apartments in Mohali to ultra-luxurious Penthouse. And as the value of real estate continue to rise people are interested in investing their money in residential real estate.

4. Infrastructure Growth

Mohali has developed its infrastructure in tandem with commercial growth. Great wide roads of the city ensure that the denizens do not have to cope with traffic jams and bottlenecking like in most other cities. A wide approach road to the airport (from Zirakpur and Kharar), smooth exit highways to Patiala, Ambala and Delhi have made life easy for the local residents. The presence of the international airport in Mohali has further escalated the reputation of Mohali as a bustling commercial center.

For real estate investment, one can discuss the prospects with SRG Developers & Promoters. Their advisory team will offer good recommendation on investment opportunities, especially regarding their 4 BHK in Mohali, which is the talk of the town.

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So are there any tricks to minimize home loan burden? Even a small reduction in the interest rate or reduction in the timeline of home loan payment can make tremendous differences in the final amount.

Consider these tactics regarding home loan repayment to reduce your burden:

Opt for a short-term home loan

A home loan acquired for a short duration is a sure way to pay lesser interest for your home loan. You pay less EMI’s and hence less interest on the overall principal amount. As you quickly pay-off your EMI the amount of interest on the principal amount keep on reducing. In the end, you will be able to save handsomely by taking short term home loan. Remember, you have to bear the burden of higher EMI’s under a short term loan.

Paying additional EMI’s

Whenever financially possible, pay extra EMI to the bank. This will reduce the principal amount and you will be able to clear your home loan earlier than the designated timeline. And as you pay extra EMI, the principal loan amount will keep on reducing, resulting in lesser interest amount.

Refinance the home loan

This is an old trick to strategize your loan payment. If you are able to find a loan (home, personal, etc.) at a lower interest rate than the current home, then consider taking it. But do it only after carefully evaluating the profitability to be gained out of the new loan.

Invest your extra income

Any extra income you are able to accumulate can be invested towards the payment of EMI. The annual increments, bonus, and rewards at the office can be smartly diverted towards EMI payment. This is a foolproof way to minimize the total amount of loan to be paid.

It is a good idea to speak to real estate experts about home loan reduction strategies. The SRG Group also offer guidance and support related to home purchasing and consultation regarding luxury apartments in Mohali.

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We offer some useful tips to convert to an environmental-friendly home:

Energy from the sun

By using solar powered appliances a person is reducing their dependency on the electrical supply from the grid. One can also install a solar grid in their home and find that electricity bills are lowered drastically. Above all once can find peace in the fact that their carbon footprint is reduced in a big way.

Gardening & plantation

Who doesn’t love green plants and those myriad color flowers? More and more people are creating extra space in their homes for plantation. Greenery and flowers at home always makes one feel happy. These plants also have the tendency to purify the air in the environment. So, if you cannot the jungle, bring the jungle home.

Harvest the rainwater

It takes a lot of energy and resources to bring the water into your taps. From boring ground water, to use of motors to bring them to home costs a lot of money and fossil energy. By devising a simple harvesting plan one can collect the excessive from the rain and use that for various purposes (like sewage, gardening, etc.)

Electrical appliances that is efficient

It is easy to find the electrical appliances in market that are highly energy efficient. These gadgets & appliances would use less energy to run and would also cut down the electricity bills in a big way. Televisions, AC, Fridge and LED Lightning that use low energy should be considered for installation in your home.

Internal waste management

Learn to organize the waste at home. Segregating organic from inorganic waste is been encouraged across the country, especially in urban areas. Keeping separate dustbins for the same and cooperating with your waste management committee is going to help in reducing the Carbon dioxide emission.

Lifestyle Changes

One should adapt the lifestyle that promotes green living. This would mean changing a lot of your personal and social habits. Deliberate reduction in the use of water & electricity, minimize the use of plastic & paper, maximize the use of public transport, more cycling and walking are just some of the lifestyle changes that is the call of the hour.

Marbella Grand is the upcoming luxury residential project in Mohali that is adapting these eco-friendly initiatives. The aim is not just to offer a comfortable lifestyle but also an eco-friendly one where the residents should feel proud about their contributions towards green and clean environment.

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The methodology has been in practice in India for a very long time. Hindus Vedas contains information about the mystic cosmogony that is the basis of the knowledge implemented in infrastructure positioning.

Suppose you have purchased a sprawling 4 BHK flat in Mohali and want to decorate it for positive energy. So here are seven useful Vastu remedies for your home:

1. Undo the Mirrors from Bedroom: The presence of the mirror in the bedroom is considered a bad omen. Mirror in the bedroom is an invitation for family disputes and also for bad health. Remove the mirror from the bedroom, if that is possible. Or keep the mirror far away from your bed and cover them (or even other shiny surfaces) with a cloth when you sleep.
2. Plants in Home: Not every plant is viable for your decor. The good plants for a home include Pomegranate, Cinnamon, Ashoka, Rose, Chameli, Kesar and Champa. Bamboo is also considered to be auspicious, generating positive energy at home. Avoid thorny plants such as Cactus or the ones that secrete milk. Peepal (fig) tree and Berries should not be planted at home.
3. Undo the Clutter from Home: Take a good look around your home. Always get rid of things that you do not need at all, or haven’t used it for many years. As a rule – if you do not use anything for three years, it is likely that you will never use those items again. Get rid of them make space empty space.
4. The Wind Chime Effect: The wind chimes at home not just produce its sweet tinkling sounds, but also play a big role in maintaining positive energy at home. Make sure that there are wind chimes hanging at different locations of your home.
5. The Energy of Water: As per the Vastu, the northeast location represents flowing water. You should also imitate the same in your home. Place a water fountain or an aquarium in the northeast corner of your home. Otherwise, just keep a bowl of water with fresh flowers or aromatic candles.
6. Wall Photo Frames: The pictures on your wall need to be placed at their appropriate location and direction. Religious images should only face the east or west direction. The picture of those who are deceased should only be placed on the south wall.
7. Woodwork: The presence of wood at home draws positive energy. The Vastu Shashtra maintains that wooden furniture endows harmony in the home and ensures good health of the inhabitants. On the contrary the cold metal furniture may generate a negative impact o health and finances.

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Where can I purchase 3 BHK flats in Mohali? – 3 Bedroom Flats

There are a number of 3 BHK ready to move flats that are available at a good price. It should be kept in mind that this city is the new hub of Tricity. Most infrastructure development has been moving to this city as the land availability in the Chandigarh region is at an all-time low. It is one of the key reasons why there is a rapid surge in demand for a 3 bedroom flat. The city offers spacious 3 BHK apartments combined with luxurious facilities that are nigh impossible to buy in Chandigarh.

So when it is time to buy a home, narrow your search for new 3 BHK luxury apartments in Mohali. They are affordable and offer immense space to let the family have all the personal room for themselves. Residential projects offering 3 bedrooms flat for sale are providing the best of the amenities. Not all of them are 3 BHK ready to move flats in Mohali and some are still under construction. Make sure that you plan your purchase according to the estimated possession time.

Scope of 4 BHK Flats in Mohali – 4 bedroom Apartments/Flats for Sale

For large families, the city offers numerous 4 BHK flats in Mohali. It’s is a spacious city and the residential constructors have been planning modular homes that are large with lots of extra space within and around the apartment. By finding the right kind of 4 BHK you can enjoy life with your family and not be constrained for space. Large central gardens, green cover and numerous sports facilities are perfect reasons to hunt for a home in the city.

Amongst the other projects, Marbella Grand is offering flats on Airport Road and includes the most exclusive amenities Tricity has ever witnessed. The blog will discuss more the project later in the blog.

Why Mohali is a perfect location for a new home? – Ready To Move Flats in Mohali

The city is no more a quaint town that borders Chandigarh. With rapid industrialization and population growth, it has become a hub of residential housing for Tricity population. There are a number of 3 BHK flats in Mohali for sale. These residential projects in Mohali have captivated the attention of urban dwellers. And why is that? Well, the city is not just offering spacious houses with many residential comforts they are moderately priced when compared to the housing cost of Chandigarh. In comparison, the cost of apartments for sale in Mohali is much less. More importantly, the city is well connected with all the adjoining regions apart from Chandigarh. Panchkula, Zirakpur, and Derabassi that are just a short drive away. Even Ambala is merely a 45-minutes drive from this city.

The city has also opened new pockets of residential development. The areas like Kharar, the Gillco Valley and Aerocity (Sector-82) is witnessing phenomenal growth of residential and commercial development. It offers a wide range of residential projects in Mohali that offers budget to luxury category homes.

The surfacing of Aerocity on the Airport Road – Apartments/Flats for Sale in Airport Road, Mohali

Aero city is the new address of residential development in the Tricity area. Strategically located on the Airport road, the Aerocity is nestled on both the sides of Zirakpur-Kharar airport road. For many new buyers, the search for flats on airport road ends at Aerocity. Expect some of the best residential projects on Aero city that are likely to meet your expectations.

Aerocity has been developed to cater to the needs of executive and entrepreneur class citizens. People who want a comfortable and safe housing for their families, and be able to access all the facilities of pleasure and leisure. It offers elegant 3 BHK flats in Mohali for sale. Aero city is also dotted with numerous shopping complexes and malls – including restaurants and bars. The famous malls of Zirakpur are at stone’s throw distance from Aerocity. The region is definitely recommended for purchasing flats on Airport road.

The factors that influence home purchasing

There are numerous of reasons and factors that are going to define your final decision to buy a 3 BHK flat in Mohali for sale. The primary factors being the price of the property and the accessibility of the same from your workplace, kid’s schools and other public conveniences (transport, hospitals, etc.). Additionally, what you look for in your new home will influence your final decision. Things like modular kitchen, society amenities like swimming pool, gardens and kids playing area might be very important for your family.

Let us look at these influencing factors in further detail:

The Cost Factor:

How much will it cost to purchase a 4 BHK or 3 BHK flats for sale in Mohali? This is an abstract question and has many answers. Depending on the location, the home configuration (the carpet size) and the facilities provided therein define the cost of the property.

Ready to Move or Under Construction:

If you are ready and willing to buy a home immediately then look for ready-to-move apartments. Do not select an under construction property. On the other hand, if you have time and can wait then look for properties that under construction and bargain for a good price. There are good options for flats on Airport road, Mohali.

Location Factor:

Think far when you are buying home. It is ideal to search for a property that is in comfortable distance from important places like – your office, children’s school, shopping complex, hospitals, etc. Working close to your home saves you time and money.

Features & Amenities:

Never compromise with the facilities that your money can afford when you search for 3 BHK ready to move flats in Mohali. Necessities like, secured gated society, spacious bedroom & living room and a spacious modular kitchen are the important things that define the quality of your everyday life.

Real Estate Value:

Always gauge the future value of the property that you intend to buy. Make sure that you make evaluations about the future value of the land that you intend to purchase. You want to avoid 3 BHK flats for sale that may devalue in the future. Speak to real estate expert and also do your own online research.

How to Choose residential projects in Mohali

The city is a hotbed for growth, whether it is industrial or residential. In fact, both these growth indicators are interdependent. Figure out what exactly are you looking for in your new home and then begin your search.

If you decide to buy 3 BHK ready to move flats in Mohali then Kharar and Aero city are two upcoming zones that you should be in your radar. Keep an eye on Marbella Grand in sector 82. It is an upcoming luxury residential project that is drawing the attention of many. If you can wait a few years then you should consider the new 3 BHK luxury apartment in Mohali offered by Marbella developers. This residential township project is up for sale and possession will be made available in the next couple of years.

Most families search for 3 BHK flats in Mohali for sale. Most families in India have one or two kids and a 3 BHK serves their purpose. More importantly, it’s the featured amenities that influence our decision, because the services provided and surroundings around the home are quite important as well. These factors will guide your decision to search for 3 BHK flats for sale in Mohali.

The Ultra Luxurious Life at Marbella Grand – New 3 BHK Luxury Apartments in Mohali

The SRG Developers & Promoters offer their dream project to the denizens of Tricity. Marbella Grand propose new 3 BHK luxury apartments in Mohali that are super luxurious. Residents can enjoy a bagful of facilities like swimming pool, the Sky Club, sporting activities and beautiful gardens all around. 80% of the total landscape in the project is an open green zone. The project is also suitable for people looking 4 BHK flats in Mohali. These large Platinum category homes appeal to large families, especially those who have guests visiting on a regular basis. If a small home does not suffice your requirement go for a 4 BHK flats.

Marbella Grand is introducing a unique concept of Sky Club – a mega modern Clubhouse that focuses on the leisure and pleasure of the residents. The ownership of a luxurious flat will be dotted by luxury club amenities that you will enjoy every day.

The Platinum Homes

The Platinum Category of Marbella Grand is a 3 bedroom flat that is available for booking. Known for its luxurious features the Platinum flats are the most recommended 3 BHK flats in Mohali for sale. Based on the reviews and recommendation of people, the property portals have given Marbella Grand their highest ratings.

One of the best 3 bedroom flat – the Platinum category apartment is the choice of the affluent. If you fantasize a life of total luxury then this new 3 BHK luxury apartments in Mohali is going to enthrall and excite. Bookings are open and there is the availability of these 3 BHK flats for sale in Mohali.

The Titanium Homes

Marbella’s Titanium Homes are the best 4 BHK apartment for sale. The highly spacious apartment is fitting to end the search for 4 BHK. Besides the four bedrooms and the living room the Titanium category also provides an additional Worship room. So much home space and a plethora of leisure activities make it ideal 4 BHK flats in Mohali. Expect sheer luxury in your new Titanium category apartment.

The Gold Category Homes

The Gold category homes are brand new 3 BHK luxury apartments in Mohali. These apartments will have the space for a Pooja room and include modern furnishing. That makes it one of the most desired 3 BHK flats for sale. These homes are already overbooked and further bookings are on the waitlist.

Of the many residential projects in Mohali, the Marbella is rated amongst the best luxury apartments. Whether you seek 3 BHK flats in Mohali for sale or for a sophisticated 4 BHK in Mohali Marbella Grand is recommended by property experts. Essentially, your search for an apartment for sale in Mohali ends here.

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The loan buyer needs to make sure that they are aware of all the clauses mentioned in the Terms & Conditions of the agreement. There are numerous sub-clauses that have been the bone of contention. Issues between the bank and the individuals have gone to the Courtroom because of various reasons.

Let us take a look at the important clauses that the individual should be aware of:

The Clause of Defaulting

In the laypersons’ term, a defaulter is the one who is unable to make the promised installment for their home loan as per the agreement. But the agreement clauses may include a host of other conditions where the borrower can be declared as a ‘Defaulter’.  If the borrower is found involved in a civil or criminal court case then the bank may declare him/her as a defaulter. Certain banks may also include situations like Divorce or Separation with the partner as being the defaulter of the bank.

Clause of ‘Amendment of the Agreement’

At the time of the loan agreement, a certain clause seeks approval of the borrower. The amendment to the agreement, once approved by the borrower, allows the bank to modify the clause – including the interest rate, and also the payment of fine for early repayment of the loan. It is advisable to be aware of the same before signing on the dotted lines.

Interest Fluctuation Clause

Most borrowers would know that the bank offers loans that are either on ‘floating interest rate’ or a ‘fixed interest rate’. The floating interest rate home loan is typically based on the prevailing market conditions. This interest rate is subjected to amendment without the borrower’s approval. The borrower should be aware of the fine details of this clause so as to avoid any future disputes.

The Reset Clause

Widely known as ‘Force Majeure’ clause, this reset clause is designed to convert your fixed interest loan to a floating one. This situation can arise if there is a natural or unavoidable catastrophe that interrupts the natural flow of events. A situation of political unrest (war, communal violence, dissolution of the government) or a natural disaster (earthquake, floods and similar events) may give the bank a reason to execute the Reset clause.

To learn more about the lesser known home loan clauses one can speak to our real estate experts. Our counselor also offers valuable insight about the prevailing property trends in Mohali and Tricity region.

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Here are the newly announced unique tax benefits in 2019 for property owners:

Tax exemption on notional rent for the second property

An individual who owns more than one property had to pay the tax on notional rent, regardless of whether the rent is earned or not. Even if the property is occupied by their relative or parents, the tax had to be paid. As per the reform, Taxation on notional rent for the second property is now exempted. However, the property should not be on rent. Taxpayers can now claim the ownership of two properties (given that no actual rent is earned).

Increase in rent limit for TDS

One of the best benefits of the property tax revision is the increase in the limit of rent to be considered for Tax Deduction at Source (TDS). A person/firm paying rent of up to Rs 1.8 lakhs or above annually had to get their taxes deducted at source (through the employing company). The limit for the same has been increased to Rs 2.4 lakhs now. The only exception is the scenario where the taxpayer is either an individual or belongs to Hindu Undivided Family (HUF).

Profit Deduction under Section 80 (i)

The announcement to extend the benefits under Section 80(i) by one year under the income tax act has been a big boon for the property owners. Housing projects that are registered under RERA till March 2020 comes under this ambit. All the registered real estate projects that have the carpet area of up to 30 square meters will get 100% profit deduction, barring some cases that fall under terms & condition.

The long-awaited property tax reforms have finally been introduced by the BJP government. It has been welcomed by the property owners who can breathe easy. Details about these policy alterations can be thoroughly studied on the respective government websites or by talking to an attorney.

To discuss these policy changes a person can reach out to the support desk of Marbella Grand by calling at +91 9804009999 or through email – info@srgmarbellagrand.com.

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Here are the five high technology gadgets that will reinvent your living space into a space-age lab.

01. The Smart Television

Gone are the days of remote controlled TV surfing. The ‘Smart TV’ enables you to control the viewing and functions by the virtue of your smart phone. Smart TV can be connected to your Wi-Fi modem and then be controlled by your smart phone easily. You can stream videos, watch the downloaded movies and control the TV functions through a hub. Make sure that you the Smart TV makes into your list of ‘must have’s’.

02. The Smart Plug-in

The smart plug-in here is not the typical software plug-in that you use daily on the computer. Instead, the smart-plug in a Wi-Fi enabled plug that can fit into any of the normal sockets at home. Download the app on your phone to control the functionality of this smart plug to switch on & off the devices. You can enable or disable your electronic devices that are plugged in by using the app on your smart phone.

03. Wi-Fi Enabled

To make all gadgets function in the smartest way, you will require excellent internet connectivity through Wi-Fi. Make sure that the data plan you buy is fast and reliable. This will ensure that all the apps you want to run and make use do work in the desired manner. Weak Wi-Fi connectivity would not be able to run smart gadgets like the way they should.

04. New-age Lightning

Come to the world of smart lights. Like other electronic gadgets, the functions of smart light is programmed through an application. Once installed the app will allow the user to switch on & off the lights as needed. One can also change the brightness of the light bulb as per the requirement just by using the app. Companies like Phillips have introduced the light bulbs that even change the color tone of the light, suiting to the ambience and mood.

05. Remotely Controlled Thermostats

The Smart Thermostats can be installed at your living place to control the AC temperature. It also turns on & off the AC just by clicking your phone. Trust me; this will help tremendously to reduce the power intake that the Air Conditioner consumes. However, before you buy and install a Smart Thermostat at your home make sure that your AC is enabled for the same. Brand like Voltas and Mitashi in India offers AC that is enabled for smart app functioning.

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