Month: April 2015

Sembakkam – Buying a flat here is a brilliant investment

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sembakkam-apartment-life

If you ask anyone a question about what they would like to do in order to bring more peace in their lives, chances are they would probably say a serene home, a comfortable lifestyle and happiness and health for the family. Surely, each of us attempts to bring in more elements of tranquillity and serenity in this already hectic world.

This is why a home is considered a personal sanctuary, an abode where the pace and peace, both are within your control and your control alone. Homes at Sembakkam have become much sought after due to this very reason, there is perfect harmony of peace and an equal measure of pace here. Sembakkam is a quiet, consecrated municipal suburb in Kancheepuram district, located within the south side of the ever so bustling city of Chennai. It has of late been in the public eye because of the rapid real estate developments taking place.

Place of Peace

Sembakkam has many temples such as the Chandra Mouleeswarar temple, the Jambulingeswarar temple- a temple of lord shiva and Akilandeswari amman. The exquisite Skandasharamam temple has been built recently with lord murugan, pancha muga Vinayagar, Shiva lingam and Goddess Mahalakshmi.Besides these there are many other temples in and around the area. The Guruswamy Nagar temple is believed to be one of the more pristine and well-maintained must-visit temples here.

The area has become hugely popular among home buyers because of the multitude of temples and the many options for recreation. The Sembakkam park amenities such as a library, water fountain, orchids, lawn, shuttle ground, walking path are very well maintained and it is highly frequented by families.

Place of Pace

The Velachery-Tambaram main road has assumed great significance and there are many large corporations and shopping centres around this road. There has a massive spurt in real estate development in surrounding areas because of the rapid urban  station in this stretch. Sembakkam is located a stone’s throw away from the bustling Velachery-Tambaram main road. By virtue of being located in close proximity to Velachery, Sembakkam has become a much sought after location.

About Velachery

Today, Velachery is transformed from the sleepy farm land it once was. The widening of the Bypass Road in 2005 to a six-lane road gave a big push to this locality and the areas surrounding it. There are many supermarkets, parks such as Rajakilpakkam Park, international fast food joints and schools such as the Christ King Girls high school along the Velachery-Tambaram main road. Velachery is surrounded by IIT Madras in the north-east, Taramani in the east, Adambakkam in the northwest and Pallikaranai Marshland in the south.

Akila Heights- Lofty homes for a fulfilled living
Introducing homes that have been built keeping ‘pace and peace’ as two prime components of modern living, Asvini’s new project Akila Heights has been designed meticulously and thoughtfully for the modern family. Located at Sembakkam, on the Velachery Tambaram Road, Akila Heights is positioned in the prime area connecting GST Road and OMR. The project is in close proximity to educational institutions and IT companies on OMR and Porur. Residents here are guaranteed great connectivity via the many wide roads, besides quick accessibility to the airport and railway station. The Chennai airport is just 11 kms away, the Tambaram railway station (east) is 4.8 kms and the Tambaram bus depot (west) is 5.2 kms away. Sholinganallur is merely 9 kms away from the project.

Residents of the location are afforded with easy access to public resources such as schools, hospitals, recreational zones and parks. All major schools and renowned educational institutions such as the Alpha Matriculation School (which is directly opposite to the site), MAV School and BVM Global at Perumbakkam among others are close by. Colleges such as Prince Shri Venkateswara Arts & Science College and B S Abdur Rahman University among many others are easily reachable from Akila Heights.

Healthcare facilities and well-known hospitals such as Hindu Mission Hospital, Global Hospital and Kamakshi Memorial Hospital are nearby. Besides, the recreational facilities such as The Phoenix Mall, Coromandel Plaza Mall/ AGS Theatre and the Vandalur Zoo are close-by and are major attractions for our customers.

Elements of Pace and Peace in total synchronicity
Akila Heights aims to please our target customers namely IT executives, teachers and faculty belonging to the educational sector and healthcare professionals. Commercial behemoths are located within a short distance and many of our clients are employed at Mepz Tambaram, Cognizant, HCL, Wipro, Infosys, Chennai One and Tidel Park – all of which are located within a short distance at OMR, Porur and GST Road.

The project is planned as a green oasis and is dotted by trees and water features besides thoughtful features such as the pedestrian pathway and seating area with water feature, alfresco dining, Senior citizens nook, Club house, Party lawn and the beautiful Gazebo above waterbody. Outdoor enthusiasts delight in the dedicated Cricket net area, Badminton court, Basketball post, outdoor fitness area and children play area. Besides this, the project is replete with power back up and an on-call departmental store.

Our customers are a bunch of happy people, here’s what they have to say about us

 

I am quite happy on buying a property from Asvini Foundations. 2 Years before when I was looking for a 3BHK flat with a limited budget but a number of specifications in mind, I could find all my requirements satisfied only at Asvini.
It’s not just the quality of the product; people at Asvini foundations have always treated us in an excellent manner. I never felt that my concerns are not getting heard or there is a delay in responding to the queries. Their commitment to treat customer right is praiseworthy. Overall, I am very happy that I bought my first property from Asvini Foundations. Thank you.

Vivek Khare

We appreciate the team at ASVINI FOUNDATION, CHENNAI for construction of my villa in Coimbatore and my flat in Chennai. Being an NRI we never felt the necessity to be present in India during the construction either to follow up or inspect the quality of works. This is due to your ownership commitment to your customers. We convey our heartfelt thanks to the commitment and services provided by one and all in your organization and wish you all the best in all your future projects.

R K Raman,
Managing Director Al Atheel United Muscat.
Al Atheel Technical Services Dubai

Asvini Foundations is 15 years old today and I hold the pride of being the First Customer of Asvini Foundations. No matter how many year passes by, this pride of mine cannot be grabbed by anyone. I own it and will continue to cherish it.
A small establishment started 15 years ago has come a long way. It has grown today, far and wide, in the service of providing, not just shelter, but a shelter with such a standard, which can outlive generations and suit the needs and taste of the generations to come. I am happy to be associated with Asvini and that’s the reason why I bought a flat again from Asvini. I am sure I will be blessed by the almighty with enough resources to keep buying more and MORE, and Asvini will be my first choice always.

Shanmuga Velayudam
Deputy Vice President & Cluster Head
– HDFC BANK Coimbatore

How to get home loans for first time buyers

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How to get home loans for first time buyers

getting-home-loan

Purchasing your home can take a long time and you may have to be patient until you find just the right one. However, if you’re planning to take a home loan, it is always better to know beforehand what you may require for a successful application of a home loan and save valuable time when you actually proceed to purchase your home.

Gone are the days of patiently collecting sufficient funds to purchase a home; a home which would remain in the family for decades to come. The times, they have changed and how. Nowadays, banks are prepared to give on the spot approvals on home loans and there are previous tie ups with builders in order to process a speedy loan process. A home can be purchased in a few weeks and there have been cases where people have moved into their dream home within a few days of obtaining their loan. The need of the hour has become speed, be it in purchase of a home or in the sanction of a loan.

Home loans have become one of the most sought after financial instruments and have become the reason of happiness for millions of people in India. Banks and financial institutions ensure a smooth, hassle free process for getting loans and it is estimated that 70-80% of salaried class employees and 15-20% of self employed people avail of finance through banks and financial institutions.

It is important to understand that while taking a loan may seem easy, it also means that you are taking a financial obligation for a long time; in some cases loan tenures extend upto 20-25 years. Read below to understand certain nuances of a home loan and ensure that you take the right steps in the right direction towards purchasing your dream house.

First, put your documents in order and assess if you qualify

As a home buyer, you would have already armed yourself with preliminary knowledge about requirements for a home loan. So, it is recommended that first-time home buyers should know before hand their own expenses and incomes and decide how much they can afford to spend on the loan. This should be done before the bank or lender tells you how much you qualify for. You can even determine your loan eligibility by utilizing the online loan eligibility calculator.

Before you approach a lender, ensure that you have all your salary slips, bank statements, income tax receipts and other vital documents in perfect order. You must be prepared with a good idea of what can be afforded, in terms of down payment and Monthly EMI’s. Calculate the debt-to-income ratio and consider beforehand down payments and taxes.

Study the home loan amount, the tenure and the monthly installments diligently

Pay your installments leisurely over a period of 20 years or more—that’s what the typical sales person of a financial institution is likely to say. Usually first time borrowers make this cardinal error and assume that the longer the duration for repayment the more financially viable it will be. However, opting for a long loan tenure also means that you may end up paying higher interest to the bank, over an extended period of time. Not vice versa as it may seem to be.

Consider how much of money you can allot for the monthly installments and try to limit your total EMI by setting it in the average range of 50-65 % of your net salary. Enquire with the bank about the most ideal tenure and opt for one which is comfortable to pay and doesn’t take years to foreclose.

Many people opt to increase their loan eligibility by adding an earning member of their next of kin as a co-applicant on the loan. You can even improve your loan amount eligibility by getting your fixed income from sources other than the basic salary; consider avenues such as rent or the interest accrued from fixed income securities. These can be used to calculate your net income.

Figure out your down payment

These are the two words that any first time home buyer might dread. Buying a home is not easy and putting together the money for the down payment can be quite tedious.

Speak with the banks when you’re starting the process and simultaneously enquire with friends, colleagues and acquaintances to find out the best financial institutions which they may have associated with in the past. Enquire before hand about the process and the steps that first-time home buyers must consider.

Check your credit

Chances are you will be closely watching this before you apply for the loan. In case you haven’t yet done so, consider it to be among the first few things that you must do in order to qualify for a loan. Make the reports your constant companion and check for mistakes, unpaid accounts or collection accounts. Don’t assume that your credit rating will be stable and consistent, check your credit utilization ratio thoroughly; the lower it is the higher your credit score will be. Begin the process at least a few months before you start looking for your home.

Fixed or floating rate of interest

Determine which type of an interest will suit your needs. It is ideal to consider fixed rate loans when your fixed monthly cash flows work on a tight rein. If you feel you will not be able to manage any erratic changes in the interest rates and the corresponding rise in installments, it is best to consider a fixed rate of interest. Remember, that fixed interests have a higher rate of interest than floating rate loans. For someone who has additional amounts of income coming in from different sources, it is recommended to opt for variable rates. However, do read the fine print of home loan agreements judiciously and think carefully before determining which one suits you best.

Asvini’s Akila Heights project- An awe-inspiring project from an award winning realtor

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asvini_akila_sembakkam

Achieving new heights, together, with you!

Its not just homes that we build, rather we like to think of it as a much deeper connection. At Asvini Foundations, we prefer to call it ‘building’ a lifelong relationship. This is the ethos we live by and this is the axiom on which we build our structures.

Our history is what makes us

Asvini Foundations started with humble beginnings with a team size of just four. Today, it is a team of 50 professionals and along with the directors Mr. Sivagurunathan and Ms. Aarti Razee the team aims to collectively take Asvini Foundations to dizzying heights of success. Together, the brand has been built on integrity and uncompromising ethical and business values, punctual delivery of projects and keen service deliverables. These are and will continue to be the cornerstones of our success.

Over the last 15 years Asvini Foundations has had an unwavering track record of establishing a strong national presence across all industry verticals by following global quality standards in construction, unsurpassed excellence in architecture, customer-centric service and by continually upgrading our building practices by applying state of the art technology.

What tomorrow holds for us

Today, we are taking greater strides towards the future and it’s our endeavour to excel in every project with the highest level of reliability, responsibility and accountability. It is with utmost pride that we can boast of being hailed as one of the fastest growing construction companies in South India.

Asvini foundation’s unique material management process and techniques coupled with reliable construction methodologies are unbeatable and we often find ourselves pursuing challenges that others find impossible to achieve; this is probably why we have been recognised by the industry time and again. Asvini is pleased to have won awards for the best affordable residential project (metros) in the years 2010 & 2012.

Akila Heights- Our soaring new project

Asvini’s new project is a culmination of our expertise in construction and our desire to make a grand towering statement; we are proud to present Akila Heights at Sembakkam.

Located on the Velachery Tambaram Road, Akila Heights is positioned in the prime area connecting GST Road and OMR, in Chennai (Tamil Nadu). The project is in close proximity to educational institutions, information technology (IT) companies on OMR and Porur.

Akila Heights has been planned keeping our target customers in mind; mainly IT executives, teachers and faculty belonging to the educational sector and healthcare professionals. Most of our customers are employed in commercial behemoths at Mepz Tambaram, Cognizant, HCL, Wipro, Infosys, Chennai One and Tidel Park – all of which are located within a short distance at OMR, Porur, and GST Road.

Our customers at Akila heights have appreciated the thoughtful features such as the Pedestrian pathway and seating area with water feature, alfresco dining, Senior citizens nook, Club house, Party lawn and the beautiful Gazebo above waterbody. Outdoor enthusiasts delight in the dedicated Cricket net area, Badminton court, Basket ball post, outdoor fitness area and children play area. Besides this, the project is replete with power back up and an on-call departmental store. All amenities and aesthetics have been meticulously designed keeping a well travelled, global customer in mind. The facade and entrance plaza are grand and have found great appeal among our
diverse customers.

As with all our projects, we have applied the sciences of Vaasthu, Feng Shui, and Kan Yu during the project blueprint stages. Each home at Akila Heights has been planned and designed keeping these principles in mind. It has been our fortunate experience in all our previous projects, wherein our clients have shared many happy stories about auspicious and long-awaited events that have happened in their families soon after they have moved into our homes.

Quick accessibility and connectivity

Akila Heights is extremely well connected and affords rapid accessibility to all the major modes of transport. The Chennai airport is just 11 kms away, the Tambaram railway station (east) is 4.8 kms and the Tambaram bus depot (west) is 5.2 kms away. Sholinganallur is merely 9 kms away from the project.

All major schools and renowned educational institutions such as the Alpha Matriculation School (which is directly opposite to the site), MAV School, Shree Gugans, Zion Matriculation School at Selaiyur, BVM Global at  Perumbakkam. Colleges such as Prince Shri Venkateswara Arts & Science College, Bharath University at Camp Road, Madras Christian College at Tambaram East, Vels University at Pallavaram, Tagore Engineering College and the B S Abdur Rahman University are easily reachable from Akila Heights.

Healthcare facilities and well-known hospitals such as Hindu Mission Hospital, Global Hospital and Kamakshi Memorial Hospital are available nearby. Besides, the recreational facilities such as The Phoenix Mall, The Grand Mall, Coromandel Plaza Mall/ AGS Theatre and the Vandalur Zoo are close-by and are major attractions for our customers.

 

5 Points to consider before investing in Chennai apartments

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5 Points to consider before investing in Chennai apartments

5 Points to consider before investing in Chennai apartments

Making the decision to buy a house is as crucial as choosing your life partner or perhaps your profession. Once you’ve made a good decision, you’ll rest in peace forever. If you’re thinking of purchasing your first home, refer to this as a not-to-be-missed checklist. In the event that you’re buying a second home or are looking at investing in real estate, use the points mentioned herein as a guide that will serve to check crucial things and mitigate possible risks.

1. Investigate the builder thoroughly

There are reputed builders and then there are the fly-by-night operators. It is your duty as a buyer to enquire and make a thorough check about the builder. Buyers should verify the builders repute and his history in delivery of previous projects. Do ensure you have a copy of the blueprint or the project drawings which have been duly attested by the municipal authorities. However, bear in mind that there may be some corrections in the original plan made by the developer.

2. Project Connectivity and neighbourhood conveniences

The location of the project is a very important factor while deciding on any project. The location can be a make or break deal for your property, whether you’re planning to sell or rent it out. Close proximity to hospitals, bus stops, schools, banks, parks and entertainment zones are ideal and will attract the best rentals and resale value.It is understandable that as a buyer there will be considerable importance to price and layout, but it is prudent that you must also consider the other factors mentioned above,additionally keep a steady tab on the rental and resale rates in the area you have zeroed on.

3. Don’t expect to get rich quick

There are many instances where developers advertise huge returns on investment in a few years and many unwitting customers fall prey to such tactics. Remember, there is no such thing; real estate is just like any other investment—it takes time to appreciate. Do consider that real estate prices have already been amplified to a high level in most cities, especially metros. Consider a realistic investment horizon of five – six years or more, and don’t expect to gain sky high profits whilst selling the property.The current market scenario suggests that there is a slow down in the real estate market as sales have lessened and there is a plethora of new projects being launched day by day; thereby creating a huge inventory with developers. Factor in all these points before expecting any huge windfall in real estate.

4. Resource planning

Individuals must exercise extreme discipline while planning their outgoings, more so when you decide to purchase a house. You will need to understand how much money you’ll have each month to manage borrowing costs along with other fixed expenses.Once you are certain about your resources and have determined the amount you can allocate towards the home loan, make a detailed study of the current interest rates offered by institutions besides keeping a constant eye on the projects that will fit your budget. It is your duty as a buyer to ensure that your home will suit your family’s needs and be within your budget.Conduct due diligence while enquiring about tax benefits on the home loan.Usually individuals/ married couples claim benefits on the principal and interest components of the loan.

5. Stamp Duty, Registration Fee and Additional Costs

Ensure you have the expense break-up of the house you wish to buy. Aside from the per square foot rates, the builder will give the rates of applicable taxes,maintenance charges and amenity costs. The taxes are important considerations that will be duly collected by the Government.Ideally one must research the stamp duty amount (levied as per the market value) aside from the city-wise rates and charges and then plan the budget accordingly. This ends up saving valuable time and effort. Don’t be hesitant in getting help from a team of professionals or legal consultants. Will there be power cuts during summer? Does the area get regular water supply? Are the sewage systems in place? What are the car parking charges?Who is responsible for managing the property after possession? Make sure you are absolutely certain about these things before you step into your new home.