Why is Property Insurance so important?

Why is Property Insurance so important?

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Your home is your cherished dream. You are totally invested in it, emotionally as well as financially. It is but obvious that this precious dream should be protected.

Property is a high-cost and a high-involvement purchase. Any natural calamity or catastrophic devastation such as an earthquake or a fire can destroy that asset. It can become a target of some socio-political turmoils as well. Hence, in order to protect it from such unforeseen occurrences, wise investors always ensure the security of their property with insurance.

What is property insurance?

A typical insurance plan covers for the loss and damage caused by a fire accident, theft, allied damage, or burglary. Also, you get various plans including landlord’s insurance, tenants’ insurance, content insurance, buildings insurance, etc. Lets’ explore why property insurance is so important.

There are many reliable insurance companies that offer a wide range of features and benefits to their insurance plans. These include discounts, customized options, or extra coverage.

Importance of Property Insurance

Property insurance has a number of benefits. So use your foresight and common sense and avail of this security that will save your trouble in the future.

It covers temporary living expenses

When your insured property is damaged you need to live in another house till it is repaired. The insurance covers the expenses you need for this living period.

It covers loss or damage of assets

In addition to your house structure, the insurance companies also offer coverage against loss or damage of your personal belongings or valuable assets such as jewelry, household appliances, clothing, furniture, and more.

It facilitates easy loan approval

Some financial institutions and banks give fast loan approval to those applicants who have their property insured. It is even in the eligibility criteria of some banks. So having your property insured is helpful in quicker loan sanction.

So if you are thinking of buying a property, make it a point to insure it. For your investment purpose, have a look at the property opportunities by TMR, a trusted name in real estate.

Home Loan Benefits for Women in India

Home Loan Benefits for Women in India

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Indian women have expanded their horizons. They are exceling in various fields. They are setting benchmarks, inspiring people and dreaming big. The financially independent women are taking decisions for themselves and their families.

Indian women have already known as great home makers. Now they have become home buyers too, in large numbers. Considering this home loan lenders have created attractive schemes especially for women with specific benefits. Let’s have a look at them.

Lower interest rates

Interest rates for women’s loans are lower. It is a great benefit that lowers the Equated Monthly Instalments (EMIs) and saves money over the tenure of the loan.  Many banks and lending institutions offer a concession of 0.05% to 1.00% on home loan for women.

Lower Stamp Duty

Stamp duty is the state government’s tax on the property during its sale or transfer. Generally the Stamp Duty is from 4% to 10% of the property cost. Many state governments have 1% to 2% lower stamp duty for women buyers, in solo or joint ownership.

Tax Benefits

Taxpaying women are eligible to claim home loan tax deductions under Section 80C of the Income Tax Act, 1961 and under Section 24(b) of the Income Tax Act, 1961. In addition, there are other additional tax deductions that benefit women home buyers.

Benefits as Co-borrowers

Women can apply as co-borrowers with their spouses. The combined income of the couple endures higher loan eligibility. It allows the couple to select the home of their choice. They can avail tax benefits as well.

Quick Loan Approval

Data analytics has proven that women have higher loan repayment rates. So a woman’s chances of loan approval are higher. More and more women are also encouraged to be home owners so as to become self-sufficient and financially empowered.

Land is a very stable investment option that appreciates steadily but surely. It proves to be a good long term investment for women. TMR has excellent plot schemes at premium locations. With loan benefits and appreciation guarantee, women are sure to enjoy this double benefit and get rewarding returns. So are you ready to take the plunge?

The significance of Indian Vaastu Shastra in your home

The significance of Indian Vaastu Shastra in your home

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You love our home. Whenever we are tired, stressed or bored, you long to return to our cozy home. You want your home to an abode of health, happiness and harmony. You want to take in the positive energy and refreshing joy from your home before moving on into the outside world again. Indian Vaastu Shastra plays a major role in correcting and purifying the energy field in your home.

What is Vaastu Shastra

 Vaastu Shastra is the ancient Indian science that governs the aesthetic and scientific principles of every aspect of designing a home or a building. Vaastu Shastra originated in Sthapatya Veda from Atharva Veda. It is mentioned the epics Ramayana and Mahabharata. In ancient times, the principles were according to the sun rays and their positions.

Functions of Vaastu Shastra

Vaastu Shastra offers guidelines for all room designs including bedroom, living room, kitchen, playroom, office, prayer room, garden, balcony, windows, toilette and more. This unique science thinks that a home has a soul. Its core idea is to balance five elements- earth, fire, water, space and air to create positive energy.

Basic focus of Vaastu Shastra

Vaastu Shastra focuses on following principles-

  • The position of the kitchen
  • Interiors of the bedroom
  • Position of the Puja room
  • Placement of the furniture
  • Placement of the mirrors
  • Placement of water
  • Colour palettes of the rooms

Kitchen

Do not use black paint or tiles for the walls. Never place the cooking stove or gas next to the source of water. Both elements are opposites. Earthy colours which signify stability are ideal for kitchen.

Bedroom

Bedroom is where you relax, sleep and spend quality time. It should face South-West and never South-East which is governed by the element of fire. Do not put any picture with negativity or conflicting emotions. Let the vibe be content and peaceful.

Living Room

This is room to entertain the guests and spend family time together. It is where bonding takes place. To make your living room calm and affectionate, choose soft pastel colour for the room. The North-East corner should remain clean and clutter free.

Bathroom

Bathroom should be ideally located in the North-West which signifies waste elimination. The bathroom door should always be kept closed. Wash basins and showers must be on the East, North and North East of the room.

Children’s Room

This room should evoke love, happiness, care, growth and warmth. Avoid placing the children’s be in front of the mirror. Book shelves should be placed in the North-East side of the room.

Puja Room

The puja room is meant for prayers, spirituality, rituals and meditation.  This room should be placed at the East or North East side of the house. Incense sticks, aroma candles and dhoop should be used to ward off evil spirits.

Considering all the above points and many more, you should consult a Vaastu expert before building and decorating your house or before doing interior design of your apartment.

Design ideas for your Home office, post COVID-19

Design ideas for your Home office, post COVID-19

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Coronavirus pandemic has ushered in a new normal, work from home. Now the homes have an additional responsibility of being a workplace. How would you convert your cozy home into a convenient office, without compromising on the essence of homeliness? Here are some design principles as tips.

Make it inspiring

The space where you work should look and feel inspiring. It should serve as place that nurtures creativity. Accentuate it with an art piece, a frame a poster or a sculpture of your choice. Keep some life-transforming books which have inspired you in your journey.

Change the colour palette

The colours in your office home should be pleasing and soothing. Consider your working style, time to be spent and type of work. Use colours of your choice, vibrant or corporate. If your job requires focus choose a sober colour that does not distract you. Blue, light yellow or green combined with white, earthy brown with olive green are some popular choices. You can also mix and match the curtains, furnishings after some days as a refreshing change.

Make it multi-utility

To declutter, use multi-purpose furniture. If the furniture has built-in storage, it will be greatly space saving. Ensure that you have sufficient racks or a wall cabinet for keeping office papers, files, stationary and other utilities. Let it be clean and neat, not messy and cluttered.

Maintain healthy ambience

While working from home, you have to juggle a lot of other things as well. House work, kids online classes, sanitization needs etc. So ensure that your workplace ambience is soothing to your mind and body. Do not block ventilation or light with furniture. Keep the room airy. Let the natural light flow in.

Ensure hygiene

Health and hygiene are the buzzwords today. Make sure your work station is sanitized and hygienic. You may have to touch a lot of things such as files, keyboard, mouse, papers and more. So keep everything spic and span. This will not only relax your mind but boost your productivity as well.

Maintaining a good office home is the need of the hour. All of us have settled with the idea now. So why not make the most of it. Do ahead. Redesign your space. Reinvent your potential.

Hyderabad’s Upcoming Residential Neighbourhoods worth Investing in

Hyderabad’s Upcoming Residential Neighbourhoods worth Investing in

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Real estate experts regard Hyderabad as one of the most favourite investment destinations in India. Where returns are concerned, real estate markets in Hyderabad have created benchmarks. Thanks to fair policies and well established infrastructure, investors from all over the world have Hyderabad as their first choice.

A large number of property buyers in Hyderabad are investing in lands.

Compared to investment in flats, the land investment has many benefits including low initial investment, quick appreciation and higher resale value, low maintenance and so on. Land is an asset you can hand over to your next generation.

Investment opportunities in Hyderabad

Consistent growth in IT and corporate sector has transformed Hyderabad into a dream destination for young and aspiring crowd. Various commercial and IT hubs in the city are teeming with opportunities and professionals from across are availing them. This has created excellent investment opportunities in Hyderabad. 

Let’s have a look at some of the best places to invest in Hyderabad.

Shadnagar

If you are looking for one of the richly rewarding investment opportunities in Hyderabad, Shadnagar is the place. Situated in the Ranga Reddy district, it is an emerging destination with well- developed civic amenities and steady economic growth. Shadnagar is connected to NH7 and to Bengaluru, Mumbai and Vijaywada. It has great connectivity to ring road, multinational companies and renowned educational institutes. A residential plot in Shadnagar will be your long term asset.

Yadagirigutta

One of the best places to invest in Hyderabad is Yadagirigutta. Situated in Yadadri Bhuvanagiri district, this town has in store, some choicest investment opportunities in Hyderabad. You will love soothing serenity of this divine place situated near Yadadri Temple. Connectivity is good and land has a rising value. 

Shamshabad

Shamshabad is well connected to the heart of Hyderabad by the smooth and wide roads like the NH-7, Srisailam Highway, PVN Expressway, and the Outer Ring Road. It is surrounded by renowned educational institutes and is close to India’s biggest IT corridor, ITIR Zone. It houses Rajiv Gandhi International Airport and surrounding developments have a great appeal to the property buyers in Hyderabad.

Kothur

Kothur is a prominent one among the best places to invest in Hyderabad. At the heart of the city, Kothur is a fine blend of nature and urbanity. It is also a thriving industrial hub with the presence of big multinational brands. Infrastructure and lifestyle are the highlights of the area. Additional advantage of Kothur is that it is connected to Shadnagar and Shamshabad through NH7. Kothur also offers delightfully affordable investment opportunities in Hyderabad.

We at TMR Group have a wide range of lucrative, clear title plot projects in the premium areas of Hyderabad. With track record of 2 decades, we are proud to have thousands of happy customers who vouch for our quality and transparency.