home buying |

TOP 10 Do’s & Don’ts- South Facing House Vastu Plan

Manu — Sat, 06 Jan 2024 06:48:52 +0000

Introduction

Worried about your south facing house vastu plan and still love the sunlight flooding your south-facing home?

I understand, but sometimes, things feel a bit…off? Worry not!

Vastu Shastra, the ancient wisdom of building with nature, holds the key!

This guide unlocks the top 10 simple do’s and don’ts for making your south-facing place a haven of harmony.

We’ll show you how to work with the sun’s energy, avoid its downsides, and create a home that feels perfectly balanced.

No fancy rituals, just practical tips for a happier, healthier you!

Ready to turn your south-facing sunshine into a blissful story? Let’s dive in!

10 Do’s- South-Facing House Vastu Plan

Main Entrance Placement: Try to consider placing the main door on the south wall within the 3rd or 4th pada of Vithatha or Gruhakshat. Otherwise, you can consider opting the east or north side as an entrance. Besides this, try to avoid positioning the main entrance in the southwest corner.
Bedroom Bliss: To promote peace and stability, locate the master bedroom towards the north or east direction. Also, ensure the bed is not against the south wall and ideally faces east.
Kitchen Harmony: For good health and prosperity, place the kitchen in the southeast corner. Also, orient the cooking stove towards the east to encourage positive energy flow. Avoid situating the kitchen in the southwest corner.
South Sun Solace: Enhance natural light in your home by incorporating large windows and openings on the south wall. Use light curtains or blinds to manage intense sunlight during summers.
Color Cues: Balance the fiery energy in the south with calming colors such as blues, greens, and pastels. Incorporate warm hues like yellow or orange in the north for vibrancy. Doing this, you do great justice to the south facing vastu plan.
Water Wonder: Create balance by introducing water elements like fountains or aquariums in the north or east. Use natural elements and earthy tones for decor to enhance harmony.
Mirror Magic: Strategically place mirrors on the north wall to reflect sunlight and create a spacious feel. Avoid positioning them directly opposite the south entrance to prevent reflection of intense energy.
Staircase Steps: Consider placing the staircase in the south, west, or southwest directions. Avoid positioning it in the center of the house or directly under the main staircase.
Façade Finesse: Choose auspicious colors like red or orange for the façade to invite positive energy. Steer clear of colors like black, blue, or grey that might attract negative energy.
Garden Grace: Design a garden on the southeast or south side, using plants that thrive in shade. Avoid placing a garden in the southwest corner to maintain balance.

By incorporating these Vastu principles into your south-facing house plan, you can create a harmonious living space that promotes well-being and positive energy.

Remember, consulting with a qualified expert can further personalize these suggestions based on your unique house layout and requirements.

10 Don’ts- South-Facing House Vastu Plan

When you decide to go ahead with a facing Vastu plan, keep into mind the following guidelines to optimize the energy flow within your dream home:

Entrance Placement: Strategically position the main entrance to avoid the center of the south wall. Opt for the 3rd or 4th pada of Vithatha or Gruhakshat on the south, or consider entrances on the east or north sides. This is of paramount importance to ensure success of your south facing vastu plan.
Bedroom Harmony: For a balanced atmosphere, place the master bedroom away from the southwest corner. Instead, favor the north or east direction to encourage restful sleep and positive relationships. Avoid situating the bed against the south wall.
Kitchen Positioning: In a south facing Vastu plan, placing the kitchen in the southwest corner could lead to health and financial issues. Opt for the southeast corner instead, positioning the stove towards the east for better prosperity.
Sunlight Management: Balance natural sunlight without obstructing it entirely. Use light curtains or blinds to manage intense summer sun while welcoming its warmth during winter.
Color Balancing: Maintain a balance in the south facing Vastu plan by limiting excessive use of fiery colors like red, orange, or yellow. Incorporate calming hues such as blues, greens, and pastels.
Balanced Decor: While minimizing water elements in the south, introduce fountains or aquariums in the north or east to balance energies effectively.
Mirror Placement: Avoid placing mirrors directly opposite the south entrance. Instead, position them strategically on the north wall to create a sense of spaciousness.
Staircase Placement: Place the staircase in the south, west, or southwest directions to ensure better Vastu compliance. Avoid positioning it at the center of the house or under the main staircase.
Facade Selection: Opt for inviting shades like red or orange for the facade while avoiding darker tones such as black, blue, or grey to prevent attracting negative energy. This will give you a pleasing optics for your south facing house.
Garden Placement: In your south facing Vastu plan, select the southeast or south side for the garden. Refrain from situating it directly in the southwest corner to maintain balance.

Remember, when implementing a south facing Vastu plan, consulting with a qualified expert can provide tailored recommendations based on your unique house layout and needs. These adjustments contribute to a harmonious living space, enhancing overall well-being and prosperity.

Conclusion

So, as per vastu south facing house is not as bad as people think.

Creating a good Vastu plan for a south-facing house involves following these simple do’s and don’ts from Vastu Shastra .

It’s about where to put things like the entrance, bedrooms, and kitchen to keep the energy balanced.

Letting sunlight in, choosing calming colors, and using mirrors smartly also help.

Avoiding problems such as a staircase in the middle or a kitchen in the southwest keeps things in harmony.

By sticking to these tips and talking to Vastu experts for advice tailored to your home, you can make a happy and peaceful south-facing house that feels just right.

The post TOP 10 Do’s & Don’ts- South Facing House Vastu Plan first appeared on Trupaisa.

Five unique benefits of buying under-construction flats

Manu — Thu, 28 Dec 2023 09:09:00 +0000

Introduction

If you find a great under-construction flats/property, there are many benefits. For example, this type of property tends to appreciate better than one that is ready to move in.

If you do your due diligence on the project, price, developer-related factors like experience and track record, location, plus other metrics, you can often win with under-construction properties.

Here are five unique benefits of buying property in an under-construction flats.

1- Lower cost of acquisition

As we all know that the under-construction property is cheaper than finished one (ready-to-move).

Assuming factors such as credibility of a developers, locality, projects features & amenities, surrounding infrastructure are similar to that of ready-to-move project, then, certainly, going for under-construction property will be a save you a lot of money. In most of the case, saving is in the tune of 20-30%. I think this is enough to excite you. Isnt?

Of course, in case of under-construction properties, you will get your dream home in a while, but after enactment of RERA, the risk of delay in projects is highly reduced because if developers miss their deadlines, they have to pay heavy penalty – which works to an advantage for buyers. This makes you safe and secure.

2- Higher RoI (Return on investment)

Since you buy at a lower price the appreciation is expected to be higher. As the construction progresses, the price of your property will also increases.

Typically, a project goes through a following stages:

Pre-launch, launch, initial stage, mid stage,near possession and finally possession.

And it is a established fact that earlier we entre the project, lower the price we pay and thus higher the appreciation we can expect. But we should not over look the due-deligence part on our part.

3- Flexible Payments

Payment flexibility is one of many benefits to buying under-construction properties.

In case of buying a ready-to-move in property wherein you must pay the entire sum at once (self-funded or, by taking a bank loan), but when you buy a under construction property, you only have to pay 10% or 15%, depending on payment plan.

In some of the case, developer offer some special payment plans wherein customers are supposed to pay a small amount up front and balance amount during possession time. This reduces the burden from customer’s shoulder significantly.

Not only this, it presents greater flexibility in terms of financing options, in case it is not self-funded. As the construction plan progresses, it give you enough time to plan and manage the balance payments.

4- New Construction

Most of us want the best in the market, the newest features, amenities etc. Isn’t?

We know that each product and real estate project comes with a definite life span. If we buy a old (re-sale) product then definitely the remaining usable life will be less in comparison to a newer one. Not only this, new project comes with new technologies as well.

Now a days, developers are using MIVAN technology to construct high rise buildings. This is far superior than the older ways: using red bricks or ash bricks.

Some of the developers are also deploying many security features to ensure safe and secure living environment for your loved one.

5- Discounts & Offers

Who do not want to lure all customers to their product and services?

Developers are not a different breed? They know that many of us consider ready to move property instead of under-construction property.

In order to lure customers to their projects they don’t shy away to extend lucurative offers such as foreign holiday, free parking space, some discounts on BSP (basic sales price).

Offers varies from project to project and market to market. Bigger offers are quite prevalent in NCR (national capital region), Mumbai etc.

However, in other markets, builders/ developers offer no or, neglible discount/ offers.

Nevertheless, offers alone should not be the deciding factor in your decision making process. Focus should be on analyzing all critical factors of the home buying process.

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How CIBIL Score severely impact the home-buying process?

Manu — Wed, 27 Dec 2023 06:34:00 +0000

Introduction

As we know, purchasing a home is an exciting moment in everyone’s life. And your CIBIL score can make or break your goal.

While you’re getting ready to buy a house, there are a few things you should know. One of the most critical things to consider is your credit score.

Credit scores (CIBIL Score) are used to assess a person’s capacity to repay a loan.

It’s a three-digit number calculated by the country’s credit bureaus using consumer data from customers and lenders.

It is determined using parameters like loan payback history, the length of the current credit, and so on.

Typically, the credit score varies from 300 to 900 points.

Let’s see how your credit score affects the home-buying process?

Banks will check your credit score when you apply for a home loan to see if you are a trustworthy borrower. This means banks will check whether you have enough liquidity to cover both the interest and principal components of your bank loan.

A credit score in the range of 750 to 850 is regarded as good and can provide you with various benefits, such as faster loan approvals, lower interest rates, and so on.

So, before you apply for a home loan, make sure you have a decent credit score. Your credit rating will increase if you pay your credit card bills and EMI’s on time.

Let us now look at the primary factors that will influence your credit score.

Loan approval – How CIBIL Score Impact the process!

First and foremost is your loan approval. Your credit score will play a primary role in getting a loan approved.

A credit score of 620 to 650 is usually required to obtain a home loan. If your score isn’t up to par, you should contact your bank to find out how you can improve it.

READ MORE: Importance of Personal Finance Planning

Loan amount

If you have a low credit score, the loan amount you receive will almost certainly be less than the amount you sought.

For example, if you need a Rs. 35 lakh house loan and your credit score is not up to the mark as per the bank official, then they may offer you a lesser amount/ loan.

To overcome this problem, you should strive for a higher credit score in order to be eligible for a larger loan amount and lower interest rate.

Interest rate

Another criterion that is influenced by your credit score is the loan interest rate.

As a thumb rule, higher the credit score, lower will be the interest rate offered. Here couple of bps (basic points) can make a tremendous impact on your interest outflow.

Down payment

As we have seen, your lower credit score will compel the bank to sanction a lesser amount than you demanded or expected.

This is done to ensure that the buyer is serious about repaying the loan. For example, if the standard down payment is 10% of the total amount, the lender may now require you to pay 20%.

Consequently, a lower credit score may necessitate a larger down payment when purchasing a home. This may put you into a huge problem because most home buyers plan for a maximum of 20% self-contribution and expect banks to sanction the remaining 80% as a loan.

Conclusion

We hope you now have a better understanding of credit scores and their impact on home buying.

As previously stated, a higher credit score will result in more appealing loan offers, lower interest rates, longer repayment timelines, larger loan amounts, and so on.

If your credit score is low, try to make all payments on time for the next few months to raise it.

It’s also critical to keep a close eye on your score to see if it’s improving or not.

So, if you want to buy a house, make sure you have a good credit payment history. You can check your credit score using online portals or seek advice from a financial expert.

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The post How CIBIL Score severely impact the home-buying process? first appeared on Trupaisa.

Best Home Buying Guide

Manu — Sat, 23 Dec 2023 12:36:49 +0000

If you are planning to buy a home and keeping a eagle eye on home buying guide, you quest is over now. Lets see how…

Buying a house in India is quite a complex and exhaustive process. Isn’t?

For most of us, it takes around 1 to 3 months time to explore different options. Before finalizing any property, from a vast pool, we consider many factors.

When we start our lookout for properties in India, we have primarily two choices.

We can either go for ready-to-move property or we can consider under-construction property. Analysis of both types of properties is altogether a different ball game.

The typical home buying process, indeed, starts with judging your budget, looking for different projects in different micro-markets in a city of your choice, picking the best suitable option for you, applying for a home loan (if, required) from the best possible option and finally registration of your property and taking possession.

It seems quite easy and straight. But practically it is a cumbersome task.

As we know “The devil is in the details”. To make judicious decisions at every step in the process, we should have an in-depth understanding of the home buying process. We have to ensure that we do not end up buying the wrong property for our family. We also have to ensure that we do not get cheated by fraudulent developers/builders/agents/brokers.

Moreover, when we do our homework beforehand, developers or real estate consultants, brokers, or agents will not be able to take us for a ride.

Home Buying Guide- Estimate your Budget

There is no point in exploring properties worth 50 lacs onwards, if have approx. 20 lacs in your kitty. On the other hand, if you have a budget of 1 crore, you will definitely NOT like to consider properties in the range of 30-70 lacs.

I understand the above-mentioned standard prescription is not applicable at all the time. let’s see this in the below scenario.

A couple of days back, I spoke to a client who wants to buy 3/ 4 BHK flat under 90 lacs and I have advised him to combine two units of 2 BHK and Study (Rs. 45 lacs each unit). This way he will get 4 bedrooms, a massive drawing room, a study room, and a store also.

The moral of the story is to keep your mind open in considering the different available options in the market. Nevertheless, having a broad idea of your finances is critical.

Besides this, most developers tend to publish the BSP (Basic Sales Price) instead of the total cost of a property which includes charges such as EDC, IDC, Firefighting, IFMS, GST, registration cost, etc.

So, in order to have a complete costing, always ask for the “Total Cost” of your flat.

My Take:

Don’t leverage yourself too much. Buying a home, most of the time is an emotional decision of the entire family. Moreover, an average Indian buys one or two homes in an entire lifetime. Consequently, we tend to over-leverage our finances and end up paying heavy EMIs.

Home Buying Guide- Check CIBIL: Your Credit Score

This step is relevant to you if you are planning to take a home loan. Whereas, unlike most of us, if you have enough funds to buy a home on complete payment, there is no need to get into trouble of checking your credit score (CIBIL)

I came across instances where the potential buyer does an extensive search in the market and decided to go ahead with a particular property with the option of taking a home loan. On further discussion with him, I realize that he gets a cash salary, doesn’t have ITR & form-16, and is thus, not eligible for a home loan. All the efforts of a home buyer go into vain.

We need to realize the fact that having the required documents is the pre-condition for taking a home loan. Besides this, the interest of a home loan depends on your overall profile (finance) and your CIBIL score. Higher the score lesser the interest rate and vice-versa.

So, it’s of paramount importance to check your CIBIL score and readiness of required documents such as ITR (Income Tax Return), Form-16, etc.

Home Buying Guide- Search Property

Now you have some idea about your budget and are sure about your CIBIL score and readiness of other required documents.

The next step is to figure out the preferred location. You can choose from different micro-markets in the city based on your choices.

Factors influencing your choice of property can be (nearby) schools, colleges, malls, shopping centers (daily needs shops/ general stores), distance from your office/ work’s place, distance from your kids’ schools, parks, etc

Considering your budget, you may or may not get all the above-mentioned facilities nearby your chosen property. So, we need to be quite realistic in our decision-making.

I came across many people, who squander critical years of their life in order to find an ideal property and end up buying property in a compromised condition.

Once you narrowed down to 2-3 properties, now is the time to look for specifications such as project layout, flat layout, amenities in a project (clubhouse, garden, swimming pool, etc), sizes of a bedroom, drawing room, kitchen, balconies, toilets, etc.

This is quite an exhaustive process. It’s advisable to take the help of prominent, professional, real-estate consulting in the city. Most of the consultants don’t charge fees from you. You will get a FREE consultation from them as they get their fee from developers. This way you will save time and a lot of leg work.

Home Buying Guide- Do a proper Due Diligence

After selecting a property, it’s a time for a due-diligence. At this stage of home-buying you should analyse the following documents:

Check the Title of the property,
Check CC and OC (Completion Certificate and Occupation Certificate).
Check past record of delivered projects by developer.
Take sample of allotment letter for your reference.
Check all required for the project,
Check BBA (Builder-Buyer Agreement) and look out for penalty clause in case of project delay.

Note: Most of the documents are uploaded by developers on the RERA website. https://www.up-rera.in/

Home Buying Guide-Understand Payment Plan & Book Property

Once have gone through the project details and flat configuration, it’s time to look into available payment plans and finally booking your dream home.

Typically, there are four types of payment plans available with all developers.

1- Down payment Plan (DP)

If you are among those who are not keen to avail a home loan and are in a financial position to self-fund the entire property cost, this plan is made for you. Here you are supposed to give the total price upfront.

In the case of under-construction properties, developers usually give heavy discounts approx 5-10% to encourage you to opt for this payment plan because, here, the developer will get the total property value in a single shot.

It’s a win-win situation for both developer and a home buyer. As a buyer, you get a good discount and the developer gets a lump-sum payment which helps them to speed up the construction process.

Note: This payment plan has an in-build risk of delay in possession.

2- Construction Linked Plan (CLP)

This is the most popular payment plan among home buyers. If you opt for this, you will pay as per the construction stage of a project. If constructed is obstructed because of any reason, the developer will not be able to ask for further payment. This is quite a risk-managed payment plan.

In case you have bought property on a home loan and project construction is stopped or slow, the bank will disburse funds as per the CLP only. You know, this has a direct (favorable) impact on your EMIs.

3- Time Linked Plan (TLP)

Under this plan, the developer will raise demand as per a well-defined timeline.

Depending on the stage of construction, the developer gives 1-3 years’ time to give payments. This is irrespective of the discipline in the construction process. If the project is delayed, you still have to pay as per TLP. The risk of project delay is still there.

Under CLP, the developer charges you 80-90% once the super-structure is ready. It takes approx. 12-18 to finish and give possession. Under such circumstances, opting for TLP make sense because here you make get some extended time for payments.

4- Subvention Schemes

Of late there are many takers of this scheme. This is quite popular in the NCR region but only a few developers in the Lucknow market are offering this scheme.

Under this scheme, you pay only 20-30% upfront and balance at the time of possession. Apparently, this scheme seems very lucrative, but this is slightly more expensive because, here, developers incorporate the interest cost in the property price and thus you end up paying slightly more.

Nevertheless, you get relief under the subvention scheme because the bulk of payment has to be done during possession. Moreover, this way, you mitigate the risk of project delay also.

Home Buying Guide- Apply for Home Loan

Once you pay the booking amount (typically 10% of property cost), the builder will ask for signing ATS (Agreement to Sale). ATS is a critical document for applying for a home loan with any bank/ NBFC. Banks can offer you loans in the range of 70-90% of the property value as per the laid down criteria.

Here your CIBIL score, ITR or form-16 apart from other KYC documents will help to apply for a home loan.

While applying for a home loan, you can choose from fixed interest or floating interest rates.

If you think interest rates are low and expected to remain so, you can opt for the fixed interest rate on your home loan. If you do not want to take a call on interest rate movement, it is safer to go for a loan on a floating interest rate.

Home Buying Guide- Registration & Possession

Once the builder gets OC and CC, he will invite you for the registration process. At his time, you will have to pay the stamp duty and other registration charges to get the sale deed registered in your name.

After this, the builder will hand over the apartment keys along with the possession certificate to you.

Conclusion

As seen above, the entire process of buying a dream home for your family is a complex and exhaustive process.

Just ensure that you are deeply engaged at each step as explained in the above home buying guide. Don’t shy away to hire an experienced real estate consultant to help you during all stages of home buying.

If you like this article, Like and Share this article with your friends.

Have something to say or ask? Please comment below.

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Involve children in the home-buying process. Why?

Manu — Fri, 22 Dec 2023 06:30:21 +0000

Introduction

When looking for a new home, you may consider basic factors such as location, price, room size, and so on.

If you have children, however, the situation is different because you will need to find a comfortable and safe home for them as well.

In today’s fast-paced world, parents must pay attention to various aspects of their home, such as a large play area, friendly neighbours, dependable child-care services, proximity to schools and hospitals, and so on.

As a result, when purchasing a new home or apartment, you must prioritise your child’s specific needs and preferences.

Let us go over a few key factors that will assist you in finding a child-friendly home.

Safety for your children

Any home buying guide will emphasise the importance of a home’s safety.

You must ensure that the new property you intend to purchase is in a safe residential neighbourhood. Aside from that, you should look into the building’s other safety features, such as well-insulated switches and power outlets, high balcony railing, good quality door locks, pest control, CCTV, guard at main gate, reception at the reception lobby and so on.

If you consider buying an apartment or villa from a reputable builder, there will be round-the-clock security and advanced facilities such as CCTV coverage to ensure the residents’ safety at all times.

Sufficient street lighting, low crime rates, and other factors must be considered when selecting a home for your children and spouse.

Accessibility to schools and hospitals

This is undoubtedly an important thing to consider when searching for a new home.

Long, arduous commutes to school are a no-no since they are not only unsafe but also exhausting for children.

Check to see if there are any decent preschools or other educational institutions nearby when looking for a home.

You and your children will have a stress-free routine thanks to easy access to schools.

Another key issue is the proximity of hospital services to the house. Children will become unwell frequently and, in the event of an injury, will require immediate medical attention.

As a result, choosing a property close to a reputable hospital or nursing home is always a good option.

Neighborhood

Your child’s life is greatly influenced by the neighbourhood in which you live.

It is critical to provide a comfortable living environment for your children.

Community living in apartments and gated villas is now an excellent option for nuclear families with children.

This will allow your children to easily meet other children and make friends.

As a parent, you should try to live in a neighborhood that is surrounded by other supportive families on whom you can rely whenever a need arises.

Kid’s Amenities

Most parents nowadays want to purchase a property that includes exclusive children’s facilities.

It’s usually ideal to have some leisure and recreation facilities available in your home to keep the kids involved, whether it’s a play park, sports grounds, kids pool, or indoor games area.

These features are found in most modern apartment projects to promote a healthy and well-balanced lifestyle.

So, if you’re looking at a new house, keep your family’s future demands in mind.

Give these child-friendly amenities a higher priority to ensure that your child gets enough physical activity.

With our lives becoming more hectic by the day, having access to all of these amenities will allow you to spend quality time with your children whenever you want.

Architecture & Planning

When looking for your dream house, it’s a good idea to keep your family’s long-term needs in mind.

A well-designed and roomy home with enough of natural ventilation provides a healthy growing environment for your child.

The décor and space in your home should provide a clean and comfortable environment for your family’s well-being.

The ideal house is one that allows your child to feel at ease and conjures a sensation of being truly at home.

Staying near to nature ensures living a healthy and balanced life. Having access to green spaces, parks, gardens, and other such areas will benefit you and your child’s health.

Choose a home in a less polluted neighbourhood so that your youngster can breathe pure air.

Also, keep away from regions with a lot of smoke and dust, such as industrial districts.

Parents have an important role in forming their children’s minds, and choosing a home with plenty of greenery and open spaces can teach your child to appreciate, conserve, and respect nature.

Conclusion

All of these factors support the notion that your children play an important part in your house purchase decision.

We hope that our house-buying recommendations will assist you in finding the ideal property for you and your family. Because everything begins at home, ensure that your child grows up in a good and healthy environment.

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How Apartment Living Makes Your Life Easier

Manu — Fri, 22 Dec 2023 06:25:45 +0000

Introduction

How Apartment Living Makes Your Life Easier? If this question bother every then and now, then this article is just for you.

People used to work peacefully from the comfort of their office cabins, but that is no longer true.

With the pandemic-induced remote work mode, most of you are still unable to balance your work and personal lives.

It is always preferable to have a clear separation between work and family, which may appear impractical when working from home. We have good news for you if you’re trying to figure out how to achieve a good work-life balance.

When compared to living in individual houses, living in gated apartment communities can make your life much easier.

Work-life balance can be impacted by a variety of factors such as a messy workspace, a lack of social life, the inability to hire domestic helpers, and so on.

However, most of these issues will be eliminated if you choose to live in a modern apartment complex with all of the necessary amenities.

Let’s look at how living in an apartment can help you achieve a better work-life balance.

Apartment Living- Community Living Makes Life Happier:)

It’s a common assumption that people who live in a close-knit community are always happier than those who live a secluded lifestyle.

Being in a community helps you to make good friendships and engage in various social activities.

Some apartments even conduct hobby classes and group events for the benefit of residents. You can take part in all such events and enjoy a well-balanced lifestyle in the company of like-minded individuals.

While living in an apartment, you may also meet good-hearted neighbors who are ready to help you in case of an emergency. So, it is proven that life in an apartment is much more tension-free.

Apartment Living- Leisure Amenities To Relax & Enjoy Your Time

Even if you work from home, taking time to relax your mind and body after a long day is essential. I am sure you will agree with this. Isn’t?

It allows you to let go of your stress and forget about your worries. This time can be used for self-care or leisure activities with your family.

The majority of new apartments include a variety of recreational amenities such as a swimming pool, clubhouse, games room, terrace gardens, and so on.

Consider relaxing in a pool after a long day at work. It undoubtedly assists you in maintaining a balance between your professional and personal lives. You can spend your free time in these common areas as a resident without leaving the housing compound.

These amenities will encourage you to take work breaks and will provide you with much-needed relaxation.

Apartment Living- Fitness Centers (Gym)

Sitting in front of a computer all day and not getting enough exercise can have a negative impact on your health and wellness. We have closely experienced this during COVID and post COVID time. And I am sure most of us realize this deeply, till over nerves.

It is quite difficult to incorporate an exercise routine into a busy work schedule.

Here’s another significant advantage of living in an apartment complex. Fitness centers, yoga rooms, and jogging tracks in apartments make it simple to incorporate exercise into your daily routine.

You can take advantage of these fitness facilities without having to leave your apartment complex. A happy mind and a healthy body will improve your mood and productivity at work. And this is the need of hour in this hyper-competitive corporate world.

Apartment Living- On-call Maintenance For Worry-free Life

Maintaining your home on a regular basis will take away your peace of mind, especially if you work from home.

We’ve all experienced the agony of having a tap changed or an electrical device repaired in our homes.

It’s difficult to find trustworthy maintenance employees such as electricians, plumbers, carpenters, and other tradespeople.

Apartment residents, on the other hand, will not have to worry about these difficulties because most apartments will have an on-call maintenance team. As a result, living in an apartment saves you the time and effort of looking for maintenance workers to fix your appliances or do other minor house repairs.

You can also enlist the assistance of your building’s caretaker to manage these maintenance tasks while you are away at work. As a consequence, you’ll be able to strike the ideal work-life balance.

Apartment Living- Parks & Outdoor Spaces For Healthy Life

“2 BHK Plus Study” Flats Greenberry Signature, Lucknow

If you live in an apartment, you will have access to large parks and green outdoor areas. The presence of nature can bring a lot of positivity into your life and improve your mental health.

Nowadays, most apartment complexes include nature trails, manicured gardens, and spacious play areas to provide a harmonious life close to nature.

These facilities benefit not only you but also your children by providing a safe place for them to play and create happy childhood memories.

As a working parent, you don’t have to be concerned about your children’s safety when they are out playing. Gated communities have a strong security system in place to ensure the inmates’ safety.

Given all of these advantages, apartment projects are the best options for working professionals who are attempting to strike the perfect balance between work and family life.

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7 Guaranteed Ways To Improve Your CIBIL Score

Manu — Tue, 19 Dec 2023 06:27:29 +0000

To improve your CIBIL score, consider maintaining a healthy credit mix, repaying loans on time, limiting credit utilization, clearing existing debts, checking your credit report for errors, and creating a credit history by borrowing different forms of credit. Additionally, set reminders for payment and be disciplined with credit to gradually enhance your credit score.

Introduction

We always expect banks to offer us the best (lowest) interest rate on our loan requirements.

In fact, banks are ready to offer you the best interest rate provided you have the best CIBIL score as well, considering all other factors are in the perfect place.

But some of us are not fortunate enough to have the perfect CIBIL score.

Having an excellent credit score certainly pays off. A high credit score can help you receive better and faster loans. A low CIBIL score, on the other hand, might be alarming for those in desperate need of cash. A low CIBIL score has a negative impact on their borrowings.

All banks are now obligated to verify the CIBIL score of all applicants for all credit products, such as personal loans and credit cards. Even though an individual’s CIBIL score is poor at times, there are strategies to increase the score.

CIBIL is one of the most well-known credit rating firms in India. The CIBIL credit score is used by banks and financial organizations to assess the creditworthiness of borrowers. A score of 700 or higher is considered exceptional.

Anything less than that will make it difficult to obtain a loan promptly.

So, the moot question is: How can I quickly enhance my CIBIL score?

Following are the 7 smartest ways to give a required boost to your CIBIL score.

Let us see how it works.

Credit: Google

Be disciplined in your bill payments

Have you missed an EMI? Have you missed a payment on your credit card? Then get your act together.

You should set payment reminders and practice credit discipline.

The way you handle existing debt can have a big impact on your credit score. Late EMI payments not only compel you to pay a penalty, but they also hurt your credit score.

So, if you want to increase your CIBIL score, pay your bills on time and get a decent score.

Prudently use credit facility

Don’t take on too much debt at once. The number of loans you apply for in a given time frame should be kept to a bare minimum.

Loans should be taken for any pragmatic purpose: be it for business or for any personal urgency.

If you take a loan to fulfill your luxury need and use the amount recklessly, then you have to bear the burnt later on in your life.

If you take out many loans in a short span of time, you’ll quickly discover that you’re trapped in a vicious cycle of insufficient finances. As a result, you will not be able to service your EMIs on time, and ultimately your credit score will decline.

So, to enhance your CIBIL score right away, always ensure to pay your EMIs regularly.

Maintain a healthy (product) credit mix

To build a good credit score, it is preferable to have a good mix of secured loans (such as a home loan or an auto loan) and unsecured loans (such as a personal loan or a credit card).

A large number of unsecured loans may be viewed negatively by banks/ NBFCs.

Apply for new credit within your credit limit

You don’t want to appear to be in constant need of credit. Apply for fresh credit only if you need it and can repay it, not if you want it.

Having too much debt might also have a negative impact on your credit score.

Keep an eagle-eye on your co-signed, guaranteed, and joint accounts

Missed payments are held equally accountable in co-signed, guaranteed, or jointly held accounts.

The negligence of your joint holder (or the guaranteed individual) may damage your capacity to obtain credit when you need it.

It’s best to avoid becoming a joint account holder or a loan guarantor.

Examine your credit report on a regular basis throughout the year

It is advisable to check your CIBIL score and report on a regular basis for any discrepancies.

When it comes to updating your records, CIBIL may make mistakes, such as inserting wrong information into your report or delaying the recording of details.

It’s possible that a debt you’ve repaid hasn’t been updated on your credit report, which could have a negative influence on your credit score. If you spot any problems, correct them right away.

Gradually build an excellent history

Debt is frequently necessary. But the key is to get the appropriate kind of debt, spend it wisely, and pay it off quickly.

When taking out a loan, you might choose a longer tenor to keep your EMI low.

You can also consider increasing your credit limit. This does not imply that you will spend more money.

You can create a good credit score over time, which will allow you to receive rapid and low-cost loans.

FAQs

Can I buy CIBIL score?

Yes, you can purchase your CIBIL score.

CIBIL offers a subscription service that allows you to purchase unlimited access to your credit score and report.

The CIBIL score is a three-digit number that ranges from 300 to 900, with 900 being the highest.

It is a measure of your creditworthiness and is used by lenders to evaluate your credit risk.

Can we increase CIBIL score in 10 days?

It is unlikely to significantly increase your CIBIL score in just 10 days.

It typically takes 4-12 months to raise the credit score depending on your specific situation.

However, reducing credit utilization, paying bills on time, and disputing errors on your credit report can help improve your score over time. It’s important to regularly review your CIBIL credit report for accuracy and raise a dispute if needed.

Who has maximum CIBIL score?

The maximum CIBIL score is 900. A CIBIL score of 750 and above is considered a good credit score in India, with 900 being the highest.

How to raise your credit score 200 points in 30 days?

It is not possible to raise your credit score by 200 points in just 30 days.

While there are some steps you can take to improve your credit score, such as paying off high-value debts, maintaining a low credit utilization ratio, and identifying and correcting errors on your credit report, it takes time to build a good credit history and score.

It’s important to develop healthy financial habits and regularly monitor your credit report for accuracy.

Is CIBIL trusted?

TransUnion CIBIL, a credit information company, is trusted for evaluating individuals’ creditworthiness based on their credit history.

The CIBIL score, ranging from 300 to 900, is a key factor considered by lenders.

CIBIL offers a dispute resolution service for addressing inaccuracies in credit reports, ensuring data accuracy and consumer trust

How can I remove fake loan from CIBIL?

To remove a fake loan from your CIBIL report, you can initiate a dispute online with CIBIL.

Visit the dispute resolution section on their website and fill out the form, providing the necessary details and the 9-digit control number from your credit report.

CIBIL will verify the dispute and approach your bank or lenders for verification. The resolution process typically takes around 30 to 45 days

Does CIBIL update daily?

CIBIL credit scores are not updated daily.

Normally, credit bureaus update the report once a month, and the credit score may take a bit longer to update based on financial activities. If a dispute is raised, the update may take up to 90 days for resolution.

It’s important to regularly review your CIBIL credit report for accuracy and raise a dispute if needed

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