Monthly Archives: November 2016

HOW TO USE YOUR BOOK COLLECTION AS PART OF YOUR HOME DECOR!

Prescon Realtors & Infrastructures Private Limited

A house with high ceilings is the perfect opportunity to make a vertical bookshelf that goes all the way up! It can either be a recessed shelf, like in the picture, or a simple wooden bookshelf that is screwed into the wall.

Big toy wheelbarrows like this one are perfect for storing the books in a kid’s bedroom. Children’s books are usually smaller and lighter than novels, and storing them like is far more fun!

If you have a dedicated reading room, or a sacred space just for your books, stack them on the floor or on the wall with invisible metal stands.

Like to read in bed, or just before you fall asleep? Get small book stand to place nearby.’s a chair! It’s a bookcase! It’s both! A well-designed bookcase like this has the potential to store 350-400 books.

Make good use of the space in between your rooms by installing vertical book cases; which work for both storing books, as well as room dividers.Do you have a recessed cupboard or a an old fireplace that’s going unused? Clean it out, paint it, and use it as a beautiful place to store your literature.

 

SPACIOUS FLATS IN GHODBUNDER ROAD, THANE Contact PRESTIGE RESIDENCY sales office to Know More @ 022 25985951 – 55

201, Prestige Precinct, Near Nitin Casting,
Almeida Road, Panchpakhadi
Thane West – 400604

Phone: 91-22-25985951-55

Email: prescon@prescon.in

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SMART WAYS TO BALANCE SHADES

Prescon Realtors & Infrastructures Private Limited

The Fevicol Design Ideas team outlines 5 rules to follow when decorating with colour

A little colour can do wonders to brighten and liven up a dull, drab room. However, working with colour can sometimes be an over-whelming experience. Where do you start? What are the dos and the don’ts? If you’re looking to add a splash of colour to your interior decor, here are 5 rules you must follow to pull it all together.

The report further highlights that, Ahmedabad, Chennal, Hyderabad, Kolkata and Nine noted an uptick in housing sales during Q2 Fr 17, even as most other cities witnessed subdued sales. Sales in Kolkata and Hyderabad in creased by 35% and 24% respectively over the previous quarter. The study covered nine key Indian cities of Mumbai, Pune, Noida. Gurgaon, Bengaluru, Chennai, Hyderabad. Kolkata and Ahmedabad.

Rule #1: Use the 60.30-10 ratio

Every beautifully designed room is invariably divided into percentages of 6040-10. So, when decorat-ing a particular room, divide the colours into these percentages :

  • 60% of a dominant colour
  • 30% of a secondary colour
  • 10% of an accent colour

Rule #2 : Use a colour wheel for Inspiration

Trying to decide on the right cob our scheme for a room or an entire home can be difficult. You can simplify the process by using a colour wheel and narrowing down your choices. A complementary colour scheme chooses colours that are across from each other on the colour wheel, such as red and green, blue and yellow or purple and orange.

Rooms decorated with a complementary colour scheme tend to provide a clear separation of colours and often, are more formal and visually challenging. An analogous Colour Scheme chooses colours next to each other on the colour wheel such as yellow and green, blue and violet or red and orange. Rooms using an analogous colour scheme are typically more casual, restful and muted in terms of colouration.

Rule #3: Take a cue from mother nature

Still don’t understand which colours to pair together or what colour value/ shade/ tone to use to. gether and how to create soothing and harmonizing colour combinations? Try designing your interior space by replicating the colour values of the outside world. After all, interior designs are basically our attempt to imitate Mother Nature who just so happens to be a great colourist!

Rule #4: Seasonal colours

The 10% accent colour you use can be changed from time to time. It’s a good way to keep colour monotony at bay too. Seasonal colour variations are a painless way to spruce up colours in your decor. Fall colours such as mustard yellows, russets and browns will create a calm and subdued space, perfect for resting. Spring colours, on the other hand, are more uplifting; pinks, lilac, and saffron yellow impart a naive, fresh look to a room. Soothing pastels for summers and bright jewel tones for winters, these colours are easily incorporated with the use of cushions, rugs, and other decor accessories.

Rule #5 : try contrast

A high contrast space appears clearer and more highly defined than a space that incorporates low contrast. An effective scheme needs opposing tones traditional blue with white, dove grey with pink or white, and mustard ac-cents with grey or offwhite, are all tried-and-tested combinations. Whites and offwhites are a good foil for many colours and essential for defining spaces and ‘resting the eye while a dash of yellow or red will lilt a blue background. Combining white and black with grey is very low key and also creates a restnal space.

3 BHK FLATS IN GHODBUNDER ROAD, THANE Contact PRESTIGE RESIDENCY sales office to Know More @ 022 25985951 – 55

201, Prestige Precinct, Near Nitin Casting,
Almeida Road, Panchpakhadi
Thane West – 400604

Phone: 91-22-25985951-55

Email: prescon@prescon.in

REALTY MARKETS WITNESS UPWARD TRENDS

Prescon Realtors & Infrastructures Private Limited

PropTiger’s Realty Decoded report 02 FY`17 reveals that residential sales in top 9 cities witnessed growth of 12% annually

The top9 cities of India witnessed launches of about 47.000 new residential units compared with 41.000 units in Q1 FY’17 to clock a quarterly growth of 14%. shows the leading online real estate advisor PropTiger’s ‘Realty Decoded’ re-port for the July-September quarter of financial year 2016-17 (Q2 FY’17). Residential sales across top9 cities of India in Q2 FY’17 increased by 12% over Q2 FY’16, an increase in sales from 48.976 units in 02 FY’16 to 54,721 in Q2 FY’17.

The report further highlights that, Ahmedabad, Chennal, Hyderabad, Kolkata and Nine noted an uptick in housing sales during Q2 Fr 17, even as most other cities witnessed subdued sales. Sales in Kolkata and Hyderabad in• creased by 35% and 24% respectively over the previous quarter. The study covered nine key Indian cities of Mumbai, Pune, Noida. Gurgaon, Bengaluru, Chennai, Hyderabad. Kolkata and Ahmedabad.

Key contributors

According to the PropTiger studs Mumbai. Pune and Bengaluru contributed nearly SA% to the to tai absorption wIlmased In Q2 1.1″17. Mumbal contributed the most to sales, accounting for 21% or total sales during the quartet folkiwed by Pune and Beni:alum accounl for 19% and 17% re. spectively. during the Q2 fl’ 17.

Policy Impact

Commenting on the report Sunil Mishra. Chief Business Officer (Primary Sales and Developer So-lutions). PropTigeccom. said: “The repo rate cut by the Reserve Bank of India (RBI). discounts and schemes offered by developers and the Real Estate (Regula-tion and Development) Act (RERA) are all expected to in-crease the confidence of customers resulting in higher sales in subsequent quarters.”

Inventory levels

According to the research and analysis presented in the report. the inventory overhang remained unchanged at 35 months. indicating that demand is moving in tandem with supply. Unsold invento-ry across the top-9 cities declined barring Ahmedabad. Kolkata and Pune.

Pries proposition

The report also highlights that developers across top-9 cities of India have been reluctant to reduce residential prices and have in• stead been offering deferred and flexible payment schemes to entice buyers. Thus. overall prices across the cities remained range-bound during the quarter.

2BHK & 3BHK SPACIOUS FLATS IN THANE Contact PRESTIGE RESIDENCY sales office to Know More @ 022 25985951 – 55

201, Prestige Precinct, Near Nitin Casting,
Almeida Road, Panchpakhadi
Thane West – 400604

Phone: 91-22-25985951-55

Email: prescon@prescon.in

SMART MOVES FOR HOME BUYERS

Prescon Realtors & Infrastructures Private Limited

An ET Wealth survey shows a lot of people plan to buy property in the next one year

After a hibernation lasting nearly five years, home buyers are planning to go shop ping again. More than 60% of 1,181 respondents to an online survey say they are likely to buy property in the next 12 months. The survey, was conducted after the RBI cut rates.More than 16% of the respondents say they plan to `definitely buy’ real estate in the next one year (see graphic). “Many fence-sitters have realised that it makes sense to buy a home now, when prices have not risen too much,“ says Anuj Puri, Chairman & Country Head, JLL India.

The bullishness is more pronounced in cities such as Hyderabad and Pune, while buyers are not so keen in NCR and Bangalore, where high prices and huge inventory have dampened demand. However, buyers are not rushing in with eyes wide shut. They are acutely aware that in the coming years, returns from real estate may not be able to match those from other asset classes. “Over the next one year, the appreciation of real estate prices will, at best, be inflation-linked,“ says Samir Jasuja, Managing Director and CEO of realty portal PropEquity .

Returns from real estate also tend to be jerky. Therefore, investors should not go for property if their investment horizon is less than five years. Our survey shows that more than half (53%) of the respondents will buy property only for their own use, and 19% will buy it as investment. There is another 18% who will buy for both own use and investment.

Buyers are also mindful of project delays. This is why a significant majority (66%) want to buy ready-to-move-in properties, and only 22% are willing to consider under-construction flats or prelaunch offers. Even though the Real Estate Regulation Act, 2016 has been passed, not many people are aware of how it will make a difference. Barely 35% of the respondents feel that the Act will protect the interests of buyers.

Seeing the surge in buyer interest, we reached out to experts to find out what people should keep in mind when they purchase property. We list out smart moves that can help buyers get the maximum bang out of their bucks.

Real Estate Projects in Thane

RENT OR BUY

In the last five years or so, the Indian financial market has become quite stringent. Therefore, it is essential to maintain a healthy CIBIL credit score. Your CIBIL credit score is generated basis the CIR created and is used for evaluating your eligibility for any kind of borrowing. A CIR is an individual’s credit payment history across loan types and credit institutions over a period of time.

Younger people will find renting a better option because it gives them the freedom to relocate. As the job market becomes more competitive, a person who is tied down to a property by a mortgage may end up sacrificing emerging opportunities elsewhere. However, in some cities, property prices have not run up too much. “If the EMI is not significantly higher than the rent one is paying, the person should buy the house,“ says Rishi Mehra, Founder of Deal4loans. He points out that while rent is paid to the landlord, the EMI payment also helps create an asset for the borrower.

CONSOLIDATE YOUR FINANCES

If you have decided to buy, figure out how much you can raise for the down payment. The bigger the down payment, the smaller your EMI and the lower the stress on your monthly budget. However, in attempting to enhance the down payment, don’t dip into investments meant for critical goals. You also need to assess the loan amount you are eligible for. Lenders typically keep the EMI at 30-40% of your net take-home pay . You should also obtain a credit rert. The RBI has mandated that a per port. The RBI has mandated that a person should get at least one base-level credit report free in a year. “Check your credit score so that you don’t get a surprise when you apply for the loan,“ says Ranjit Punja, CEO and Co-founder of Credit Mantri. If there is something amiss in your credit history , it may take time to repair it. “If your credit history is not clear, your choices shrink,“ says Manavjeet Singh, CEO and Founder of loan aggregator portal Rubique. It is a good idea to not revolve credit card dues and keep expenses low for 10-12 months before applying for a loan.

Some people even say that one should take a pre-approved loan so that there is little paperwork to do after you find a suitable property. But Adhil Shetty, CEO and Co-founder of Bankbazaar, says pre-approved loans are valid only for 6-8 months. “If you are not able to finalise the deal within that period, you will have to apply afresh and pay the loan processing fees all over again. As a rule, banks will not extend the validity of the pre-approved loan,“ he says.

START RESEARCHING OPTIONS

Experts say bargains are everywhere, because investors are desperate to get out of real estate. “Some investors are exiting at a 0% gain while some are even willing to take a haircut,“ says Jasuja.But buyers will have to do a lot of research to find the bargains.

Don’t be tempted to buy outside your city because rates are lower. In many cases, buyers who are unfamiliar with the reputation of builders in another town, get stuck in the wrong project. On the other hand, it may be a good idea to buy in the suburbs to avoid the bustle of the city yet live not too far from work.

An expert agent can help identify properties that suit your requirements.He will be able to locate properties, have a preliminary talk with the owners, and even bargain on your behalf. A fee of 1% of the value of the property is not too much to pay for these services.

GET READY FOR EMIS

You also need to zero in on the best loan provider. Loan aggregator portals act as matchmakers between lenders and borrowers. Take a loan you can comfortably service. One way to assess if you will be able to afford the EMI is by putting away an amount equal to the EMI in a recurring deposit or a short-term debt fund.This will get you into the habit of saving that amount every month.

CONSIDER COMMERCIAL REALTY

If the purpose of buying real estate is purely investment, a better alternative could be commercial properties where things are looking up. But here too, one should go for Grade A assets, not B or C.The rentals should be in line with prevailing market rates.

REAL ESTATE PROJECTS IN THANE Contact PRESTIGE RESIDENCY sales office to Know More @ 022 25985951 – 55

201, Prestige Precinct, Near Nitin Casting,
Almeida Road, Panchpakhadi
Thane West – 400604

Phone: 91-22-25985951-55

Email: prescon@prescon.in