Simple energy saving tips for home owners

We Look At How Home Owners Can Decrease The Energy Consumption In Their Homes Substantially, By Making A Few Simple Changes

With Climate Change Affecting People Across The Globe, Energy Conservation Is No More A Choice But A Must For All. As Buildings Are One Of The Largest Sources Of Energy Consumption, Conservation Should Start At Home, Through Behavioural Changes That Ensure That We Have Energy-Efficient Homes.

“Each Of Us Should Consciously Evolve Ways, To Avoid Wastage Of Scarce Resources Such As Water And Power, In Our Homes. The Problem With Urban Planning Today, Is That Building Structures Are Guzzlers Of Energy. Their Design Is Based On The Assumption Of Limitless Supply Of HVAC (Heating, Ventilation And Air-Conditioning) Resources. No Effort Is Being Made To Tap Renewable Energy, To Meet The Need For Power. There Is An Urgent Need To Revisit Climate-Sensitive Concepts Of Indigenous Architecture, To Design And Construct Multi-Storeyed Buildings, While Making Appropriate Use Of Advanced Building Technologies,” Says Anthony Raj, Founder-Director Of The Center For Indigenous Architecture.

Flats in Ghodbunder Road Thane

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Opt For Energy Efficient Appliances

According To Pune-Based NGO, Prayas Energy Group, Residential Electricity Consumption Has Gone Up By 50 Times Since 1971 And Now Forms About A Quarter Of India’s Total Electricity Consumption, Up From About Four Per Cent In 1971.

Aditya Chunekar A Fellow Of Prayas Energy Group, In The Research Area Of Energy Efficiency, Maintains That Consumers Should Opt For Energy-Efficient Appliances.

Citing An Example, He Says That An Energy-Efficient 1.5-Ton Split Air-Conditioner Can Utilise 30-40 Per Cent Less Electricity Than An Ordinary 1.5-Ton Split Air-Conditioner, Used For The Same Amount Of Time. “The Total Residential Energy Consumption Can Decrease, With The Use Of Energy-Efficient Appliances. Studies Reveal Overall Savings Of 15-25 Per Cent From The Use Of Efficient Appliances. Air-Conditioners Consume Much More Energy Than All The Other Appliances Combined. Refrigerators Can Also Contribute To 25-50 Per Cent Of The Electricity Consumption In A Household. An Inefficient Refrigerator Can Increase The Annual Electricity Bill Of A Household By As Much As Rs 4,000-5,000, In Some Cases. So, It Is Important For A Consumer To Choose Appliances With Five-Star Rating,” Chunekar Explains.

Energy Efficiency In Homes, Where The Construction Is Complete

The Challenge With Ready-Made Homes, Is That The Buyer Has No Control Over The Exterior Façade Design, Like Shading Structures And Type Of Windows Installed In The Homes. “If The Buyer Has Control Over These Features During The Construction Phase, Well And Good. Otherwise, There Are A Few Things That Can Still Be Done, To Reduce Energy Consumption In The Home,” Points Out Mathan Ramaiah, Director Of Design, Fountain Head Design (FHD) Group.

“Replace Light Fixtures With CFL (Compact Fluorescent Light) Or LEDs (Light-Emitting Diodes) If They Are Not Already Installed. Proper Size Of The AC Is Also Important. An AC That Is Too Small, Means That It Will Run At Full Load, Which Wastes Energy And During Peak Hours, It Cannot Produce Enough Cooling. Oversized ACs Will Also Lead To Loss Of Energy. The Best Practice Is To Set The Temperature At Around 24 Degrees And Wait Till The Room Cools Down,” Says Ramaiah.

Home Owners Can Even Use Shading Devices Over The Windows, To Reduce The Heat Gain. “For Example, One Can Have Bamboo Blinds On All The Balconies. This Reduces The Exposure Of Walls To Direct Sunlight And Improves The Thermal Comfort Within The House,” Raj Elaborates.

Solar Panels For Electricity Generation For All Common Areas And Common Amenities, Can Also Help Energy Conservation, Adds Ramaiah. “It Is More Economical For A Community To Install Solar Panels Than An Individual Home. As A Community, One Can Also Install Biogas Plants, Where All Kitchen Waste Can Be Segregated And Put Into The Plant To Generate Electricity. The Advantage Of Biogas Plants Is That They Store Energy In The Form Of Gas That Can Be Used Whenever Required,” Suggests Ramaiah.

Dos And Don’ts For Saving Energy At Home

– Opt For Energy-Efficient Appliances, BEE (Bureau Of Energy Efficiency)-Labelled Or Eco-Star Products.

– Clean The Filters In Air-Conditioners Regularly. Insulated Walls And Roofs Decrease The Heat Gain And Reduce Load On Air-Conditioners.

– When Doing Laundry, Only Run The Washer When There Is A Full Load. Once Done, Hang The Clothes Out To Dry Under The Sun Instead Of Using The Dryer.

– Unplug Any Battery Chargers Or Power Adapters And Switch Off Devices Completely, When Not In Use.

– When Leaving The House Ensure That All Lights Are Off. Have A Master Switch At The Entrance, To Switch Off The Lights.

Also Read: Investment Tips: How To Buy A Home That Delivers Long-Term ROI

 

To Know About Flats In Ghodbunder Road Thane Visit Ace Constructions Sales Office In Thane

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9 natural DIY tips to cool your home this summer

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Electricity-Guzzling Air-Conditioners And Coolers, Are Not The Only Ways To Beat The Summer Heat. Try These Natural, Do-It-Yourself Tricks Instead

“ACs And Coolers Are Fine, But Nothing Evokes My Memories Of Childhood Summers Like A ‘Khus Ki Tatti’,” Says Gurugram-Based Businessman, Avinash Arora. Confused? Arora Spent His Summer Vacations In A Little Town Named Tundla In UP. North Indian Summers Are Infamous For Their Intense Heat, Which Can Even Prove Fatal. Very Few Things Can Help You Survive Such Weather And A ‘Khus Ki Tatti’ Is One Of Them, The Businessman Maintains.

A ‘Khus Ki Tatti’ Is A Wholly Natural Blind/ Curtain Mat That Is Made Of Reeds And Special Grass, Laid Out Neatly In A Box And Complete With Water Pipes For Drip Wetting. This Mat Is Laid Across Open Doorways And Windows And Helps Lower The Temperature Indoors.

Builder in Thane | Home Tips and Tricks for this Summer

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Here Are Several Other Simple Methods To Cool Your Home:

1. A Simple Trick Involves Using A Bucket Of Water. Dip The Bottom Hems Of Your Curtains Into The Bucket And Leave The Fan On. The Water Slowly Seeps Upwards Through The Fabric And The Breeze Will Carry The Coolness Into The Room

2. Keep Things Dark. We All Know How Relaxing It Is, To Get Away From The Glare Of A Hot Summer Sun And Into A Cool Space, Under The Shade. To Achieve This, Buy Cotton Curtains In The Darkest Colour Possible. Ensure That The Curtains Have A Thick Lining, So That The Sunlight Doesn’t Fade Them. Dark Green Or Brown Are Easy Choices. Keep The Curtains Drawn Shut, Right From Morning. If Your Room Stays Shielded From Sunlight All Day, It Is Bound To Remain Relatively Cooler.

3. Use The Bathroom. Keep Your Bathroom Door Ajar, Pour A Few Litres Of Water On The Floor And Let The Breeze Do Its Job Again

4. Leafy Plants, Too, Can Work Wonders. If You Have Some Large Decorative Or Potted Plants Around, Move Them Closer To Your Windows. They Will Absorb Most Of The Heat And Create A Cooling Effect Around Them

5. Leave The Fridge Alone. You May Be Tempted To Reach For Cold Water And Ice-Cubes Frequently, But Opening And Shutting The Refrigerator Multiple Times, Increases The Load And Temperature On Its Motor. This, In Turn, Increases The Ambient Temperature In Your House

6. Take A Look At Lighting. From LEDs To Fluorescent Lights, There Are Many Cool Lighting Options Available, So There’s No Reason To Continue Using Hot Incandescent Bulbs. Similarly, Switch Off All Electrical Appliances, Especially The TV, When Not In Use. Even A Mobile Charger Emits Heat

7. Buy A Dehumidifier. You Will Breathe Much Easier, Once The Intense Humidity Is Reduced. You Can Check Online Sites For The Best Deals

8. Cotton Is King. Summer Is No Time For Fancy Satin Or Silk Bedsheets, Or For Faux Leather Upholstery. Buy At Least One Set Of Crisp Cotton Bedsheets, In White Or Pastel Shades. If Your Couch Is Upholstered In Any Fabric That’s Not Cotton Or Linen, Buy Some Sofa Covers Or Throws That Are Made Of Cotton

9. Open Up At Sunset. If You Throw Open Your Windows At The Right Time, You Will Get The Benefit Of The Cool Evening Breeze. This Will Lower The Temperature Of Your Home And Make It More Comfortable For The Night Ahead. Also, Open Up Every Internal Door In Your House, Including Kitchen Cabinets And Bathroom, Bedroom And Closet Doors. This Will Help, To Dissipate The Heat That Is Built Up During The Course Of The Day And Reduce The Overall Temperature. Remember To Close These Doors As Soon As The Next Day Dawns And The Sun Is Up Again.

Also Read: 9 Tips To Decorate Your Home Like A Minimalist

To Know About Builder In Thane And Home Tips And Tricks For This Summer Visit Ace Constructions Sales Office In Thane

Home insurance policy types and the cover they offer against natural and man-made disasters

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When It Comes To Home Insurance, There Are Various Policies Available In The Market. We Examine The Differences Between Them, To Help Owners To Gauge The Right Policy

Damage To Properties Due To Natural Disasters, Is One Of The Gravest Financial Setbacks That One May Come Across In Life. The Floods In Kerala In 2018, Caused Damage Worth Several Thousand Crores To Property And Made A Large Number Of People Homeless. “While Humans Cannot Avert Natural Calamities, One Can Certainly Protect Their Homes Against Them And Minimise The Loss Or Damage. Insurance Is The First Cover, On Most People’s List. However, Very Few People Take Home Insurance In India. Even Though It Is Affordable, Less Than One Per Cent Of People End Up Buying It,” Says Amit Wadhwani, Managing Director, Sai Estate Consultant Chembur Private Limited.

Buying A Comprehensive Home Insurance Policy Will Ensure That A Home Buyer Can Be Safeguarded Against Financial Losses, If Any Event Occurs. The Policy Can Cover All Types Of Natural And Man-Made Disasters, Including Floods, Earthquake, Terrorist Attacks And Even Robbery. Puneet Sahni, Head-Product Development, SBI General Insurance,Explains That “A Comprehensive Home Insurance Policy Provides Cover For The Structure, As Well As The Contents Of A Home, Against Unforeseen Circumstances, Including Natural Disasters And Hence, Is Recommended For Home Buyers, To Ensure That They Are Not Faced With A Financial Crunch.”

2 BHK Homes in Ghodbunder Road Thane | All about Home Insurance

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Types Of Cover That Home Insurance Policies Provide

1. Home Insurance For The Structure: This Policy Provides Home Buyers With Protection For The Structure Of A Home, Which Consists Of The Structure Itself, Along With Permanent Fixtures And Built-In Items.

2. Home Insurance For Contents: This Policy Provides Home Buyers With Cover For The Contents Of Their Home, Including Furniture, Jewellery, Electrical And Portable Appliances.

Besides The Basic Protection, An Insurance Policy Can Also Offer Add-On Covers, Such As The Cost Of Living In A Rented Accommodation While Your House Is Being Repaired. If The House Is Rented Out, The Owner Can Take Cover Against The Loss Of Rent, If A Natural Calamity Renders It Unfit For Occupation. However, These Covers Are For A Limited Period Of Up To A Few Months After The Disaster.

A Landlord Insurance Covers The Financial Risk To A Property, Caused Due To Earthquake, Flood, Fire, Damages Due To A Tenant’s Actions And So On. When The Landlord Incurs Such Financial Loss Due To Damage To The Insured Property, Then, The Insurer Pays For The Replacement Cost, To The Extent Of Damage, After Adjusting The Deductible As Per Its Terms And Conditions. For Example, If, Due To Fire, The Kitchen Is Damaged, Then, The Insurance Company Will Pay For The Cost Incurred In Repairing The Kitchen. However, Before You Get The Claim Amount, The Insurance Company May Ask You To Pay The Deductible Sum.

Which Insurance Policy Should You Buy?

A Landlord May Be More Concerned About The Structure Of The Property. Hence, He May Like To Buy Insurance That Covers The Risk Of Damage To The Structure. On The Other Hand, A Tenant May Be More Concerned About The Belongings And So, May Like To Buy Insurance For The Contents. A Comprehensive Home Insurance Policy Product, May Give You The Benefit Of Risk Cover For The Contents, As Well As The Structure. However, Before Buying An Insurance Policy, The Applicant Should Check Out The List Of Inclusions And Exclusions, To Figure Out What Risk Hazards The Insurance Product Covers.

Insurance For Under-Construction Properties

While A Home Insurance Policy Provides Risk Cover Only For The Constructed Property, What If You Have Bought An Under-Construction Property? In This Case, Experts Suggest That It Is The Duty Of The Builder, To Get A Project Insurance Policy, To Cover The Threat To An Under-Construction Property From Natural Disasters. So, Before You Buy An Under-Construction Property On A Home Loan, Check Whether The Builder Has Taken A Project Insurance Cover.

Also Read: Investment Tips: How To Buy A Home That Delivers Long-Term ROI

To Know About 2 BHK Homes In Ghodbunder Road Thane And Home Insurance Visit Ace Constructions Sales Office In Thane

Investment Tips: How To Buy A Home That Delivers Long-term ROI

April 2019

The Decision To Buy A Property, Should Be Based Purely On The Needs Of The Individual And The Inherent Value Of The Unit. We Look At How Home Buyers Can Ascertain This, To Choose A Property That Provides Good Returns On Investment

With The Real Estate (Regulation And Development) Act (RERA) Coming Into Force, As Well As Various Other Policy Initiatives Such As The Benami Transactions Act And The Government’s Push To Affordable Housing, We Are Seeing Increased Activity In The Residential Property Market In The Larger Cities. After The Dampener Of Demonetisation In 2016, The Positive Buyer Sentiment Visible Now Is Especially Significant. Consequently, Builders Are Determined To Capitalise On It, Via Increased Marketing Efforts. Given That There Is Already A Lot Of Supply In The Residential Market – A Lot Of It For Ready Possession – Fresh Launches Have Been Curtailed, So That The Existing Inventory Can Be Absorbed. Much Of The Intensified Marketing Efforts Are Centered Around Special Deals And Offers.

1 BHK residential flats in Thane
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How To Ascertain The Real Value Of A Home

Experts Explain That Some Of The Obvious Tax Benefits Of Buying A Home In The Wife’s Name, Include An Extra Deduction Of Interest Up To Rs 1.5 Lakh Every Financial Year, If The House Is Self-Occupied. If A Husband And Wife Are The Joint Owners Of A Property And If The Wife Has A Separate Source Of Income, Then They Can Both Claim Tax Deductions Individually. The Tax Benefit Will Depend On The Ownership Share Of Each Co-Owner.

While This May Be Advantageous For Property Buyers, They Should Be Judicious While Evaluating Offers And Schemes And Base Their Purchase Decisions Solely On The Real Value Of The Home. Freebies Such As Gold, Cars And Household Goods, Have An Undeniable Attraction But They Are Fundamentally Frivolous In Nature And Do Not Add To The Value Of The Home.

The Price Of A Home Is Obviously An Important Consideration For Middle-Class Property Buyers. However, The Strategy Of Looking For The Cheapest Options On The Market, Does Not Make Much Sense Because It Is Quality That Determines Value. In The Case Of Residential Property, The Quality Of An Offering Depends On Three Aspects:

– The Quality Of The Location.
– The Brand Value Of The Builder.
– The Availability And Quality Of Facilities And Amenities In The Project And In Individual Units.

The Importance Of Location In A Property’s Value

Central Locations Are Traditionally The Costliest, As They Offer Great Access To Many Important Parts Of The City , Such As The CBD (Central Business District) And SBD (Secondary Business District). These Areas Tend To Host The Offices Of High-Profile Companies And Offer A Vast Cross-Section Of Jobs, From Highly-Paid Management To More Modestly-Paid Support Staff Jobs. Even The Second Category Of Jobs Is Attractive, Because The Growth Prospects In High-Profile Companies, Are Usually Very Good. This Is What Makes Living In Central Locations Very Desirable And From A Real Estate Pricing Perspective, Very Expensive.

In India, This Mantra Held True For A Very Long Time, Until The Advent Of The Infotech Culture. The IT/ITeS Industry, Tends To Offer Very Good Salary Packages But Is Not Focused On High-Value Locations. Quite To The Contrary, Such Firms Prefer To Set Up Shop In Peripheral Locations, So As To Save On The Real Estate Costs. As A Result, Many Cities’ Outskirts Have Become Very Desirable Places For Home Buyers And They Are Far Less Expensive.

For IT Professionals And Industrial Employees, As Well As Property Investors, Buying A Home In A Peripheral Location That Connects To An IT Hub And/Or Manufacturing Belt, Makes Perfect Sense. Unfortunately, Such Locations Attract All Kinds Of Developers – From Those Who Have A Reputation For Creating True Lifestyle Value Offerings, To Those Who Specialise In Constricted, ‘Pigeon-Hole’ Homes. This Is Where The Brand Value Of A Developer Plays A Significant Role.

Correlation Between Brand Value And Quality

With A Lot Of Housing Supply Available In The New Growth Corridors, Buyers Are Spoilt For Choice. The Cost Of A Flat Is Obviously Important But One Still Only Gets What One Pays For. Ultimately, A Home Is Not Just An Asset But One Which Performs The Very Critical Functions Of Offering Refuge, Comfort And Security. Buyers Must Look For Options, Which Offer Them These Three Advantages To A Satisfactory Level. Branded Builders Provide These As Part Of Their Standard Value Offering, Because Their Reputation Demands It.

Facilities And Amenities That Add Value To A Property

Urban Life Today, Places A Lot Of Stress And Demands On Us. Consequently, Our Homes Cannot Be Mere Places Of Refuge But Must Also Provide Healing And Rejuvenation. A Clubhouse, Swimming Pool And Children’s Park, Are No Longer Luxuries But The Bare Minimum That Indian Home Buyers Can And Should Expect. Nevertheless, Even Projects Without Such Offerings Will Find Buyers Because Of Their Lower Prices. While Short-Listing Prospects For Home Purchase, It Is Important To Ensure That The Final Selection Provides A Decent Lifestyle And Not Just An Abode.

If One Looks At The Supply In The Residential Property Market From This Perspective, The Choice Of Options Automatically Narrows Down To A More Manageable And Comprehensive Level. Buying The Right Home Is Not Just About Present And Future Comfort, But Also About Investment Growth. Homes In Good Locations, Built By Reputed Developers With A Good Saturation Of Amenities And Facilities, Will Always Yield Better Capital Appreciation, As Well As Potential Rental Income For Property Investors.

Also Read: Investing In Real Estate In Mumbai? Here’s Why You Should Consider Thane

 

To Know About 1 BHK Residential Flats In Thane Visit Ace Constructions Sales Office In Thane

9 Tips to Decorate Your Home Like a Minimalist

18 April,

Take A Look Around Your Home. Look At All The Furniture In Each Room Carefully. Turn Your Head To The Portraits Hanging On The Wall And The Objects That Sit On Your Tabletops. Does Everything Need To Be There? Or Can You Do Away With It? Minimalism Is Just That. And A Lot Of Homes Are Turning To This Refreshing Way Of Living Where Living Becomes Neat, Organised And Clutter-Free.

The Minimalist Decorating Style Is An Exercise In Restraint, Where Space, Lighting, And Objects Play Equally Important Roles. This Style Demands You To Pare Down Your Furnishings To The Bare Essentials So That You’re Left With A Set Of Curated Objects That Deliver Maximum Impact. Far From Being Boring, This Style Is Bold, Functional And Highly Memorable.

We Have Nine Tips For Those Of You Who’re Planning To Experiment With Simple, Sophisticated Interiors For A Change.

Minimalist Style Decor Tip #1 Use A Restrained Color Palette

Buy a Property in Ghodbunder Road Thane
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Minimalist Style Decor Tip

#1 Use A Restrained Color Palette

Light Colors Such As White Along With Understated Neutrals, Barely-There Greys, And Pastels Are Intrinsic To Minimalist Homes. Though You Could Add Brighter Colors, We Suggest You Stick To One Or Two And Limit The Dosage. The Picture Above Uses Shades Of Beige And White To Create A Well-Lit Room. Even The Marble Dinner Table Here Enhances The Minimalist Style.

#2 Empty Spaces And Focal Points

Empty Space Is Considered An Important Element In Minimalist Decor Since Space Interacts With The Objects And Defines The Look. Visual Balance Is Just As Important And Can Be Achieved Only By Having A Focal Point. Notice How The Living Room Has Plenty Of Empty Space And No Unwanted Distraction. At The Same Time, Some Of The Family’s Essential Decor Does Find A Spot On The Walls.

#3 Declutter And Edit

Having A Minimalist Home Means You Need To Say Goodbye To Clutter. And To Do That, You’ll Have To Edit What You Display On Shelves And Tables. Stick To Essentials Only And Store The Rest In Cabinets. This Kitchen Shows How Only A Few Well-Chosen Elements Have Made It To The Counters. Also, The Choice Of A White Kitchen With A Pop Of Wine Red Gives The Impression Of A Lot More Space While Staying Stylish.

#4 Use Accent Decorations

Designing A Minimalist Home Doesn’t Mean You Need To Avoid Decorations And Bright Colours. The Rule Is To Simply Use Decorative Elements As Accents And Not Overwhelm Your Home With A Lot Of Things. Similarly, For Art, Choose One Focal Piece Instead Of A Group Of Small Ones. In This Living Room, The Portraits Against A Bare Wall Become A Focal Point And Not A Cluttered Distraction.

#5 Clean Lines And Flat Surfaces

Furniture And Objects In A Minimalist Home Majorly Feature Clean, Defined Lines And Curves As Well As Flat Surfaces. This Kitchen Has Well-Defined Cabinets, Drawers And Windows And Lots Of Flat Surfaces. The Clean Lines Given By Lack Of Handles On The Cabinets Are Also Soothing To The Eye!

#6 Play With Textures

You Can Make Things Interesting By Trying Different Textures. In This Bedroom, An Upholstered Headboard And A Minty Hue Textured Wallpaper Perfectly Complement Each Other And Gives The Room A Refreshing Appeal. The Wooden Floorboards Only Add To The Textural Story Of This Room. While Different Textures Have Been Combined, This Room Decor Is In No Way Overwhelming.

#7 Let In The Light

Bare Windows Are Your Friend. If You Can Leave Your Windows Unadorned And Let The Light Pour In, It Would Significantly Add To The Minimalist Style. If Privacy Is An Issue, Use The Thinnest Curtain Materials Or Use Blinds. In This Living Room, Sheer Curtains Bring In A Lot Of Sunlight, Brightening Everything In Its Path. The Pop Of Pink Only Adds To The Aesthetic Value Of This Living Room! Less Certainly Is More!

#8 Power Of Simple Objects

Decorating A Minimalist Home Can Make You Rethink Ordinary Objects. In This Living Room, The First Thing That Catches Your Eye Would Probably Be The Colourful Throw Pillows Or The Striking Painting Hanging On The Wall. When It’s Set Against A White Backdrop Or A Neutral Tone, Even Simple Objects Can Stand Out. With Minimalist Decor, Maintenance Becomes Easier.

#9 Patterns Find A Place

Minimalist Homes Usually Use A Limited Amount Of Patterns Or Opt To Do Away With It All Together. If You Decide To Go With Patterns, Use It On A Small Scale, Tone-To-Tone Or An Unobtrusive Pattern. When It Comes To Prints, Use It The Way You Would An Accent Piece. Choose Prints For The Curtains Or Your Throw Pillows. You Can Have Them Both, Like This Living Room, But Make Sure You Do Have Plenty Of Empty Space. Also, Remember, You Can Never Go Wrong With A Patterned Carpet That Centers The Room. It Gives The Room A Much-Needed Break From Monotony.

What We’ve Given Above Are The Ground Rules Of Minimalist Decor. However, Once You Have These In Place, You Can Experiment A Bit With Different Styles Of Minimalism Such As Modern, Comfortable Or Industrial Minimalism.

Also Read: Big Opportunity For NRIs To Make Money By Investing In The Indian Realty Market

To Know About Buy A Property In Ghodbunder Road Thane Visit Ace Constructions Sales Office In Thane

Benefits of buying a home in the wife’s name

With Several States In India Offering Benefits For Women Property Buyers To Boost Their Empowerment, We Examine Why It Makes Financial Sense To Register A Property In A Woman’s Name

There Are Several Benefits To Buying A Property In A Woman’s Name, Either As The Sole Owner Or As A Joint Owner, With Governments And Banks Offering Several Sops.

“Aspiring Home Buyers Can Seek Certain Benefits Including Tax Exemptions If A Home Is Bought In A Woman’s Name. Such Offers Can Also Attract More Women Buyers To The Realty Sector,” Points Out Ashok Mohanani, CMD, Ekta World. Encouraging Women To Register Assets In Their Name, Also Boosts Women’s Empowerment, He Adds.

Benefits of Buying a 2 BHK Home in Kasarwadavali on Wife Name

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Tax Benefits

Experts Explain That Some Of The Obvious Tax Benefits Of Buying A Home In The Wife’s Name, Include An Extra Deduction Of Interest Up To Rs 1.5 Lakh Every Financial Year, If The House Is Self-Occupied. If A Husband And Wife Are The Joint Owners Of A Property And If The Wife Has A Separate Source Of Income, Then They Can Both Claim Tax Deductions Individually. The Tax Benefit Will Depend On The Ownership Share Of Each Co-Owner.

Discount On Stamp Duty Charges

Several State Governments In North India Are Now Offering A Partial Waiver On Stamp Duty, For Buyers Registering Properties In A Woman’s Name – Either As A Sole Owner Or As A Joint Owner.

“You Can Save 1%-2% On Stamp Duty, If The Property Is In A Lady’s Name. In Delhi, The Stamp Duty Rate Is 4% For Women, Compared To 6% For Men. Moreover, If You Are Undergoing Some Financial Setback And Have Some Debts To Repay, The Property Held In Your Wife’s Name, Does Not Come Under The Cover For Your Loss,” Points Out Sushil Raheja, CEO Of Raheja Homes Builders & Developers..

Delhi, UP, Punjab, Haryana And Rajasthan, Offer Relaxations In Stamp Duty For Women Buyers. Punjab Reduced The Stamp Duty Charges From 9% To 6% In 2017, For A Limited Period. It Maintained That From April 1, 2019, Urban Areas Would Again Invoke A Stamp Duty Charge Of 9% And The Same Would Be 6% In Rural Areas.

The Stamp Duty Rate In Maharashtra, Which Was Recently Increased To 6% From The Previous 5%, Is Uniform For Both, Men And Women.

Stamp Duty Charges For Women Vs Men

Benefits of Buying a 2 BHK Home in Kasarwadavali on Wife Name

Discount On Home Loan Interest Rates

Additionally, Many Banks Such As SBI, HDFC, ICICI, Etc., Offer Discounts On Home Loan Interest Rates To Women As Compared To Men. This Varies From Bank To Bank And Goes Up To Nearly One Per Cent.

The Prevailing Interest Rates For Women Borrowers Are As Mentioned Below:

 

Home Loan Interest Rate (Floating) – Women Borrowers Vs Others

Benefits of Buying a 2 BHK Home in Kasarwadavali on Wife Name

Things To Keep In Mind When Buying A Home In The Wife’s Name

Experts Maintain That It Is A Good Idea To Buy A Home In The Name Of One’s Wife Or In Co-Ownership. However, The Wife Can Enjoy The Tax Benefit, Only If She Has A Separate And Genuine Source Of Income. Moreover, If There Is Any Legal Dispute On The Property, Then Both, The Husband And Wife, Will Be Involved In The Case. Therefore, Home Buyers Should Evaluate All Possibilities, Before Making A Final Decision.

Also Read: Investing In Real Estate In Mumbai? Here’s Why You Should Consider Thane

 

To Know About 2 BHK Home In Kasarwadavali Thane Visit Ace Constructions Sales Office In Thane

Benefits of buying a home in the wife’s name

With Several States In India Offering Benefits For Women Property Buyers To Boost Their Empowerment, We Examine Why It Makes Financial Sense To Register A Property In A Woman’s Name

There Are Several Benefits To Buying A Property In A Woman’s Name, Either As The Sole Owner Or As A Joint Owner, With Governments And Banks Offering Several Sops.

“Aspiring Home Buyers Can Seek Certain Benefits Including Tax Exemptions If A Home Is Bought In A Woman’s Name. Such Offers Can Also Attract More Women Buyers To The Realty Sector,” Points Out Ashok Mohanani, CMD, Ekta World. Encouraging Women To Register Assets In Their Name, Also Boosts Women’s Empowerment, He Adds.

Benefits of Buying a 2 BHK Home in Kasarwadavali on Wife Name

Credit : Freepik.Com

Tax Benefits

Experts Explain That Some Of The Obvious Tax Benefits Of Buying A Home In The Wife’s Name, Include An Extra Deduction Of Interest Up To Rs 1.5 Lakh Every Financial Year, If The House Is Self-Occupied. If A Husband And Wife Are The Joint Owners Of A Property And If The Wife Has A Separate Source Of Income, Then They Can Both Claim Tax Deductions Individually. The Tax Benefit Will Depend On The Ownership Share Of Each Co-Owner.

Discount On Stamp Duty Charges

Several State Governments In North India Are Now Offering A Partial Waiver On Stamp Duty, For Buyers Registering Properties In A Woman’s Name – Either As A Sole Owner Or As A Joint Owner.

“You Can Save 1%-2% On Stamp Duty, If The Property Is In A Lady’s Name. In Delhi, The Stamp Duty Rate Is 4% For Women, Compared To 6% For Men. Moreover, If You Are Undergoing Some Financial Setback And Have Some Debts To Repay, The Property Held In Your Wife’s Name, Does Not Come Under The Cover For Your Loss,” Points Out Sushil Raheja, CEO Of Raheja Homes Builders & Developers..

Delhi, UP, Punjab, Haryana And Rajasthan, Offer Relaxations In Stamp Duty For Women Buyers. Punjab Reduced The Stamp Duty Charges From 9% To 6% In 2017, For A Limited Period. It Maintained That From April 1, 2019, Urban Areas Would Again Invoke A Stamp Duty Charge Of 9% And The Same Would Be 6% In Rural Areas.

The Stamp Duty Rate In Maharashtra, Which Was Recently Increased To 6% From The Previous 5%, Is Uniform For Both, Men And Women.

Stamp Duty Charges For Women Vs Men

Benefits of Buying a 2 BHK Home in Kasarwadavali on Wife Name

Discount On Home Loan Interest Rates

Additionally, Many Banks Such As SBI, HDFC, ICICI, Etc., Offer Discounts On Home Loan Interest Rates To Women As Compared To Men. This Varies From Bank To Bank And Goes Up To Nearly One Per Cent.

The Prevailing Interest Rates For Women Borrowers Are As Mentioned Below:

 

Home Loan Interest Rate (Floating) – Women Borrowers Vs Others

Benefits of Buying a 2 BHK Home in Kasarwadavali on Wife Name

Things To Keep In Mind When Buying A Home In The Wife’s Name

Experts Maintain That It Is A Good Idea To Buy A Home In The Name Of One’s Wife Or In Co-Ownership. However, The Wife Can Enjoy The Tax Benefit, Only If She Has A Separate And Genuine Source Of Income. Moreover, If There Is Any Legal Dispute On The Property, Then Both, The Husband And Wife, Will Be Involved In The Case. Therefore, Home Buyers Should Evaluate All Possibilities, Before Making A Final Decision.

Also Read: Investing In Real Estate In Mumbai? Here’s Why You Should Consider Thane

 

To Know About 2 BHK Home In Kasarwadavali Thane Visit Ace Constructions Sales Office In Thane