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The visual below is one which we are all familiar with. When the Cane is fresh and juicy, it gives more juice and it is also easier and cheap to extract. At some point however, when the cane is fed back repeatedly, it yields lesser and lesser , takes more effort. There is a trade off between getting juice and the cost.
Similarly, when we make our investments, if we pay careful attention, we can realize a few truths.
1. The property which you bought at a good price and appreciated well in the beginning.
2. You are feeling good about your decision.
3. However, when you look at recent trends, you realize that it has stopped gaining in value and sometimes it also loses value.
4. It is time then to sell it , if there is no Juice left in it.
5. Although, we dread the transaction process, it makes sense to sometimes sell the real estate, pay your taxes and deposit the money in the bank.
6. The Capital gains amount is reasonable and if you hold a property for five years or more, after indexation , the rates are really low.
So sell if it makes sense. Liquid amounts in the Bank is very welcome especially given the uncertainty that surrounds investment in other avenues
Courtesy: Prakash Natarajan
Realty Gyan: prakash@realtgyan.com 9820606187
In 2009, thanks to the excitement generated by infrastructure announcements in Navi Mumbai, big Real Estate brands from Mumbai announced the launch of mega township projects. Prominent among the projects which were launched were the following:
1. Hiranandani Fortune City – a 650 acre township which had the ambition of surpassing the Powai and Thane townships. This project got off to a great start, with flats being sold as soon as they were released onto the market. As is the case with projects with longer completion dates, most of the initial interest in this project came from investors who bought flats in bulk. These investors then sell the flats from time to time, getting good appreciation for their investment.
There have been delays in completing this project. However, things are back on track with opportunities for new investors to buy flats at excellent rates.
At Realtygyan, we have invested in this project ourselves at the initial stages and our own flats are available for sale. This project is part of an SEZ ( Special Economic Zone). The commercial
Buildings will be occupied by some of the largest corporates in India, so employees of these corporates will look to buy / lease apartments in the township. There is therefore a ready market for buyers/ sellers giving rise to the possibility of a steady appreciation in rates and rentals.
For eg : We have the following apartments for resale :
- 2 BHK – 1405 sq ft for Rs 93 lakhs – savings of Rs 15 Lakhs for the buyer
- 2 BHK – 1492 sq ft for Rs 1.08 Crores-saings of Rs 17 Lakhs for the buyer
- 3 BHK – 2210 sq ft for Rs 1.68 Crores-Savings of Rs 20 Lakhs for the buyer
- Other apartments in the rest of the buildings are also available at excellent rates
We are a Group of Investors who have purchased these apartments at excellent rates and do not mind selling it at a 10%-15% discount. For eg.: an investor who has bought it at Rs 3200/- per sq ft is more willing to sell at Rs 5400/- per sq ft ( Builder price Rs 6000) than another investor who has picked it up at Rs 4500/- per sq ft
2. Kalpataru Riverside is a 25 acre township which has seen the completion of Phase I. Rates have reached a high of Rs 8000/- per sq ft , which is a significant jump from the rates at launch of Rs 3600/- per sq ft. We have a ready apartment for resale at Rs 89 lakhs ( 1082 sq ft)
3. India Bulls Greens and India Bulls Park is another project which started in 2009 at rates of Rs 2200/- per sq ft. The rates in the completed buildings are at Rs 6000/- per sq ft. We have a significant inventory of flats here of almost 70 apartments which can be offered at discounts to the current market price. These apartments are almost ready, and the Developer has very few apartments available in Phase I. For your information, we are marketing the Phase II of this project which is called India Bulls Park. Rates and features can be shared over Email.
Expected infrastructure developments which is good news for Panvel, Navi Mumbai is
1. The Airport
2. Trans Harbour Link
3. Metro connectivity
4. Enhanced Rail Connectivity
5. Sion Panvel Six Lane Highway – which has already been completed
“You may not control life’s circumstances, but getting to be the author of your life means getting to control what you do with them.”
― Atul Gawande, Being Mortal: Medicine and What Matters in the End
I am inspired to write this after reading Being Mortal by Dr Atul Gawande , which is an extremely well written book on the subject of mortality, ageing and the joys and challenges that go with it.
It is by now well known that life expectancy is at an all time high. Nowadays when our elders bless us by saying “ May you live to the age of 100”, we all know it can very well come true. Medical advances, our own awareness and ability to take good care of our mind and bodies means that we can all expect to live longer than our forefathers.
The flip side of this is that we need to provide for the period of our life beyond the age of retirement, which is a challenging task.
There are quite a few of us who are deeply invested in real estate, by virtue of the following
1. Inheritance
2. Our own inclination. Investments made through amounts earned during the working years.
Like any other asset class, real estate has it’s shares of ups and downs. The other major drawback of real estate is it’s illiquidity. I routinely advise my Senior Citizen Clients to exit Real Estate and deploy the money in more liquid avenues. Also as the options in the real estate market widen, it is often seen that in spite of dropping prices, we are unable to sell our property. There is also the challenge of understanding and complying with the laws, the most important of which is taxation. It is often wise for many of us to sell, pay our taxes and be free to deploy the proceeds in a manner which will be appropriate for our needs as we age. If our Children are not able to or are not willing to assist us in doing the transaction, then we are vulnerable . The selling process has also moved to online portals and most senior citizens struggle with the internet.
At Realtygyan, we bring to the table, a huge network across the city of Mumbai and Navi Mumbai, which will enable us to assist you in reselling your apartment. We have , in our core group, professionals who will guide in completing the transaction very smoothly.
The most difficult decision is of course to take a decision. We are very often emotionally attached to the property we buy. However, time is a very bad task master and punishes individuals who sacrifice money to the “pull” of emotions. The best way to deal with this dilemma is to refer it to a ‘ third ‘party. At Realtygyan, we will be glad to be your sounding board. You can have a no obligations chat with our team and this might well help you in making up your mind.
We are creating a separate section on our website to highlight properties offered by Senior Citizens so that we can prioritize your needs.
Call us or write to us:
Satyawan: 9699260779 / Satyawan@realtygyan.com
Prakash Natarajan: 9820606187 / prakash@realtygyan.com
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We are happy to inform you that we have started Online Registration of Leave and Licence agreements on behalf of Government of Maharashtra, Mumbai since 1st week of November, 2015.
Government provide standard format of Leave & Licenses Agreement (Format attached herein). Required aadhar card & Pan card Compulsory for registration from both party & from witness. If there is company then aadhar card & Pan card required from signing person who is sign on behalf of company. If there is power of attorney then required aadhar card & Pan card from POA holder . But aadhar card & Pan card is must for get this service of e-registration. We are also make the payment of stamp duty & registration fees online from grass system. If you want to registered any leave & license agreement in Mumbai, Mumbai suburban, Thane & Navi Mumbai district then You are requested to contact us for Leave and License agreement.
We are also provide home/office visit for your reputed client.
Download Standard Draft – eRegistration
Contact Details
Satyawan R Nagvekar
ASP License No. 18 / 2015
Mobile No.: +91 9619048840
Email: satyawan@realtygyan.com
Inspiration from Sheena Iyengar who has in her talk and book, demonstrated that more Choice is a problem and not a blessing. At Realtygyan, we believe that less is more . We limit our offerings to tried, trusted brands and we try to ensure that we recommend those projects which give you value for money”.
It is one of those hot summer days when it is hot enough to fry eggs on the street, and you end up looking as if you have been sweating in the sauna. Your makeup runs, your hair looks seriously heat challenged and the fatigue that you are experiencing along with that sticky feeling makes you want to run home at the earliest. Undoubtedly, the vagaries of summer have to be dealt with, but there is no reason why you have to wilt with the heat; so once in the cozy comforts of your room you switch on your air-conditioner and relax. It’s all the more tempting to keep the temperature well below 200 C or even 180 C.
But are you aware of the risks and dangers of being in the cooling comfort of an air conditioner in hot summer? Before that let me relate my own experiences of sleeping in an air conditioned room. Much to my chagrin, my husband has this annoying habit of keeping the a/c temperature well below 180 C at night, especially in summer months. He always wakes up sniffing and coughing with a cold that lasts until midday. I must admit though that he has a sinus problem and does get colds at frequent intervals but whenever the air conditioner is at such ridiculously low temperatures, he most certainly catches a cold.
Just a few weeks ago, I was suffering from dry cough and as you all know it’s at its worst during nighttime. And most of the time, that incessant coughing, didn’t allow me to sleep a wink and I would wake up in the morning feeling awful. Even after two weeks the horrid cough showed no signs of subsiding. On the contrary, it had worsened. I never have the habit of gulping down any OTC cough syrup; I always rely on home-remedies be it for cough, cold or any minor ailment that bugs me and it always works wonderfully for me. But this time, no remedy had any effect on me. Now since chronic cough is usually a symptom of far more dreaded diseases, all sorts of fearful thoughts started hitting my mind. Nevertheless, I started pondering over what had aggravated this cough. After much thinking, I decided not to switch on the a/c for a few nights and see if this could help. So for a few nights, I totally avoided the a/c and managed with a ceiling fan. Only on extremely hot and humid days did I put it on and that too not below 250 C and for not more than 3 hours. Needless to say, my cough was gone within a week. BTW, here’s an interesting article on how to sleep comfortably on a hot night without using the air conditioner.
I did some research and also talked to my doc and found a thing or two about how air conditioners can trigger respiratory illnesses. Apparently, as aircon rooms have low moisture levels, they tend to dry
out the mucous membranes and irritate the throat. Here’s what the doc had to say. It’s highly recommended that you should not keep the temperature below 230 Celsius neither should you inhale the cool breeze that comes from the A/C as it can even cause chest infection or bronchitis. Moreover, switching from hot, humid outdoors in summers to the extreme cold temperatures of an air-conditioned room indoors, all of a sudden, causes extreme temperature changes which is detrimental not only to your health but also to your skin. I also found out from this source that too much air conditioning can cause cold and flu-like symptoms, sinus problems, bloody nose, body aches, sore joints, arthritis and other problems affected by prolonged cold air exposure. The body may also develop intolerance to warmer temperatures and heat and no longer be able to adjust properly to temperature changes, especially dramatic and rapid fluctuations. Air conditioning is also suspected to be play a major role in soaring obesity rates in America.
