Buying a luxury apartment - remember this key points

Planning to Buy Luxury Apartment in Thane?  Confused about what all points you should look for before Luxury Apartment or Flats. With the various advertisements, SMS and Hoardings you are confused.  So what is the serious buyer to do? What does he or she use to filter the run-of-the-mill from the truly uber-luxurious? How to sift out that haven among homes in which to invest? These are the Key Points which you should remember while buying Luxury Apartment in Thane.

Look for a prime neighbourhood– Whether for investment or for one’s own use, a truly luxury property cannot claim the tag if it doesn’t sit in a prime and accessible neighbourhood. Key factors to look out for are is the location in which the Apartments are is Luxurious. Next, ensure easy entry and exit from the property itself, all the luxury and amenities within the development fall flat if entering and leaving it will entail being caught in a snarl of traffic right at the gate. Take a drive around the development you intend to invest in and ensure that it’s in a crime-free vicinity that’s reasonably noise and pollution-free surroundings also the property is Surrounded by Greenery.

Ambience of the property– We’ve all seen ‘Luxury’ projects consisting of building after building with a warren of apartments in each, all leading to a feeling of extreme density. Now coming to the homes themselves, a major factor is floor-to-ceiling height. Anything less than 12 ft. seriously hampers the warmth and openness of the home and will come in the way of achieving a relaxing ambience. There should also be Luxury Space in your Apartment.

The mod-cons you need– Most luxury projects leave no stone unturned nowadays in offering all the mod-cons available – concierge services, business centres, indoor games, play areas and facilities, landscaped areas, convenience stores. The sky’s the limit for the discerning buyer and it’s really up to one’s own requirements as far the conveniences are concerned.

Discreet Security– Luxury Apartments or Flats offer security, both in terms of personnel and electronic surveillance, but unobtrusively. This aspect is key to luxurious living; the absence of jarring elements in ensuring residents’ safety, especially ugly window grilles.

High build-quality- The check-list should include earthquake-resistance factors built into the property, fire-safety measures in place, quality of the bathroom and modular kitchen fittings, tiling, attention paid to recycling water and waste etc.

These all are Important Key Point which you should keep in mind while Buying Luxury Apartments in Thane. Hill View offer Best Luxury Apartmentsin Thane. Contact Us to Know More @  022 25985951 - 55

Right time to Buy a Spacious Flat at Ghodbunder Road Thane

WHY NOT Buy a bigger flat?

With RBI announcing a 50-basis-point repo rate cut earlier this week, home loan rates will reduce simultaneously raising eligibility levels


One of the golden rules of buying real estate is that no home search should begin without finalizing a budget. This is largely determined by the home loan eligibility amount, which is calculated by lenders keeping the applicant’s repayment capacity and prevailing interest rates in mind. It is this last, crucial factor that determines their repayment amount and therefore, eligibility sum as well.

Any possibility of rates rising makes fence sitters take two steps back, while a status quo encourages them to take the plunge. However, a reduction in rates can actually encourage those who are house hunting to go in for a slightly bigger home. It could be an extra ‘half’ bedroom or larger sized rooms, extra space becomes a possibility when rates reduce.

Great news

So the Reserve Bank of India (RBI) announcing a 50-basis-point repo rate cut earlier this week is really good news for home seekers. The impact was immediate as several banks lowered their base rate with others set to follow suit shortly. State Bank of India (SBI), cuts its base rate by 40 basis points from 9.70% p.a. to 9.30% p.a. effective October 5, 2015. Arundhati Bhattacharya, Chairman, SBI said, “The proposal to reduce the risk weights on low cost housing loans will incentivise the banks.”

Higher volumes

Rishi Mehra, Co-Founder, Deal4loans.com, pointed out that in a surprise move, the Reserve Bank of India (RBI) cut the repo rate by 50bp to 6.75%, compared to consensus and our expectations of a 25bp cut. “RBI has proposed to lower risk weights on individual housing loans in the affordable segment (currently minimum risk weights in housing loans is 50%) to boost low cost housing. This will help in meeting the government’s target ‘Housing for all’ by 2022. Along with rate cuts, this means housing loan market should see a pickup in volumes. Home loan rates should fall by 0.50 basis points. Expect home loan rates to come at 9%,” he estimated.

Long overdue

Getamber Anand, President, Confederation of Real Estate Developers’ Association of India (CREDAI) National, said, “The industry is welcoming RBI Governor’s announcement of rate cut by 50 basis points, this was long overdue. RBI Governor has previously stated that while rate cuts have happened, it has not translated into reduction of home loans. CREDAI appeals to all the banks to pass on this rate cut to property buyers who avail home loans. This is now imperative and it must be done to benefit the end user. All in all, the industry is extremely upbeat and we feel the Golden Era for Indian manufacturing and businesses has begun. RBI Governor had also stated that they will be working in absolute tandem with the government dream for growth of our country and we are in full support for the same."

Direct impact

So how would this impact you as a home seeker going forward? Well, it is quite simple actually. Basically, a reduction in home loan interest rates would impact your home loan repayment at two levels.

The first is a reduction in the equated monthly installment (EMI) amount. The second, consequent advantage is an increase in loan eligibility level.

Just log onto the website of most leading banks and you will find tools marked ‘EMI calculator’ and ‘eligibility calculator.’ Then input your financial details and the current rate of interest offered and the answer will be right there.

Now input the same details and reduce the interest rate by even one percentage and see the difference in both, EMI and eligibility amounts.

Other factors

Do keep in mind that this is just one side of the calculation. The lending institution will also base its eligibility decision on the value of the flat you are purchasing. Based on the eligibility amount, you can figure out the approximate budget of the house you should be searching for (by adding about 25% more) and that will help you streamline your home search procedure considerably.

Consider buying Spacious 2 and 3 BHK flats at Ghodbunder Road, Thane at Prestige Residency. Live a life like a King in your KINGSIZE Home only at Hillview.