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Why Invest In An Under-Construction Property ?

The majority of home buyers get torn up while choosing whether to buy a ready-to-move property or an under-construction property. While it is true that ‘you get what you see’ with ready-to-move properties, there are a lot of hidden benefits when buying an under-construction property. 

Today, we can see that most of the projects by Kumar Corp get sold while the projects are still under-construction. Why do you think so many people are preferring to invest in an under-construction property ?       


Kumar Prithvi

We have to understand that as the construction of property progresses, so does the price of that property increases. This is mainly because as the development in the surrounding area enhances, that also adds to the value of the property.

Thus, if factors such as location, property size, amenities, builder etc. remain the same, a ready-to-move property is likely to cost much higher than an under-construction property. The difference in pricing may vary by around 10 to 30 per cent.

Thus, even if the waiting period for an under-construction project is higher, it is worth the price difference.

Another advantage is that investing in an under-construction property yields higher returns than a ready-to-move property. Say, if you buy an under-construction property at an initial state and you sell that property after completion, you will receive very good returns.


Kumar Prospera

To add to it, builders usually provide lots of offers and discounts on under-construction properties making them yet cheaper. With such price benefits, it becomes much wiser to buy an under-construction property.

Also, you get to observe the construction from start; meaning that you can watch the quality of material used during construction and material used for fittings and fixtures; and take note of whether they are being used as promised by the builder. With ready-to-move properties, you will never know if the quality of construction matches the promises made by builders.

You also get to compare prices and better deals. The biggest advantage comes in the form of paying through instalments. Generally, you need to pay around 10% of the value of the home as the booking amount and the remaining can be paid over the years. The time period depends on how fast the construction work is going to be completed. This way you get flexibility from the financial burden.

However, there are a few things that you need to keep an eye on before investing in an under-construction property.

  1. Check if the property is registered with RERA :

    When a property is registered with RERA, the builder is compelled to finish the construction within the documented time frame. This provides the investor with the security of getting the house on or before the possession date.

  2. Check the credibility of the builder :

    Make sure that the builder is an experienced and reputed builder. A fraudulent builder can bring massive losses to the buyer. Always try to opt for a trustworthy builder who has been in the real-estate business for years.
    Kumar Corp is into the real-estate business for more than 56 years and is one of the most experienced builders in Pune.

  3. Check if the property is applicable for bank loans :

    If you are planning to go for an under-construction project, go for the projects that the bank approves. Thus, the bank can evaluate the project and understand the credibility of the developer before sanctioning the loan.
    All the projects by Kumar Corp are applicable for bank loans.

  4. Verify the builder-buyer agreement :

    While buying any under-construction property, there should be a builder-buyer agreement. Go through it, read each and every line and understand every term and clause. Note if the completion time is mentioned or if it is uncertain.

Wishing you a happy home-buying experience !

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Design Your Home According to a Joint Family Needs!

Living in India is all about our traditions, culture and family. We believe and love the idea of sharing roof, not only does it keep us closer but is also a way of showing love to our elders. Though it is now dwindling in city life but there are a fair number of families that still live together in one home even today. 

It can become challenging and overwhelming when trying to create a home that everyone can share, it becomes rather important to plan ahead and properly measure all options. We are here with some tips that will help you ease and help you with your designing for a loving joint family!      

Finding the right furniture pieces

This is one of the most important points to keep in mind while you decorate house. Designing for joint family home requires a sense of circulation, so ensure there is enough free space for everyone to move around. Try to avoid heavy bulky furniture that will occupy more space. Say for example your sofa, it is the key to defining your living room.

Find a size that suits your living area and also the number of people it will be catering to. You can go for 1+2+3 arrangement; it works perfectly for a moderate sized living room. A smaller living room might require some creativity – you can have 3-seater sofa along with bean bags, movable chairs or stools that be bought in as and when required.

Design a kitchen for multiple cooks

In joint families, the kitchen is an important and high-traffic area where usually more than one person works. In such a situation, a kitchen with a larger counter space would be ideal, where no one barges into the other’s work space. With joint family kitchen space is vital, so ensure you select your house carefully, and keep the counter space in mind.

In larger houses, if you have the luxury of space, adding an island would be a good idea, as it offers extra area for cooking or prepping. This island can also double up as a breakfast counter for quick meals.

Consider the needs and preferences of all members

Before designing or planning a joint family house, think about what kind of design the members would like, what living set up they prefer, what spaces are absolutely essential to the design and so on. Of course, their opinions, likes and dislikes may be varied, but finding a common ground becomes essential. Certainly not everyone’s ideas can be put together but you can always find common ground.

Create congenial public spaces

More family members mean larger and more social interactions and a long stream of constant guests! In a joint-family house, it is advisable to invest in a few key furniture pieces and several other small seaters that can be moved around as needed. If you have the luxury of a big home, you could choose to break up the living room into smaller seating areas, so that owners and guests can enjoy a few private conversations, too.

Customise the dining area according to the family’s eating habits

Every joint family dines differently – while some make it a point to enjoy at least one meal together, some others prefer to eat at their own time and convenience. If it’s the former, then investing in a large, smart dining table is a good idea. There are options available in the market for tables that can be extended as needed and later folded, utilizing space smartly.

So it makes sense to choose buffet tables or small tables that are extendable, with hideaway chairs that can be pulled out only when in use.

 

Design a shared bedroom that can evolve with growing children

The foremost important thing to consider before designing a shared children’s bedroom is the age of the siblings – the design of the room should address the needs of that age and also evolve as the kids grow up. If you have small children who are still in school, I would suggest you place the beds at two ends of the room and leave the middle ground for play. If the room doesn’t have enough space, a bunk bed is a good space-saving idea.

Offer plenty of storage options for their books and toys, and keep some space available to store musical instruments, sports equipment and so on that you know they will need in the coming months and years. Plan the cabinets and shelves methodically so nothing gets left out and there’s a place for everything.

 

For smaller homes, having multifunctional spaces is a good idea. A dining area can double up as games room or a place for reading. While designing a house one needs to consider the dynamics of the members – if they like to spend time with each other then focus more on lounging areas and entertainment rooms. The key is to plan ahead and go through your options.

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Alu-Form Technology

We at Kumar Properties are constantly on the lookout for new and eco-friendly construction methodologies. Our motive is to provide the best to our customers, a thoughtfully designed and well-engineered structure.

The Aluminium Formwork System (or Alu-Form Technology) is one of the most versatile modern construction systems. Unlike other systems, it is suited to both high and low-rise construction and has other advantages. The main highlight of Alu-Form system is the speed factor. It provides speedy yet accurate and highly consistent casting of all internal and external walls, beams, floor slabs, stairs and other parts of a concrete building.

Due to monolithic construction system, it offers excellent waterproofing properties to external building envelope thereby reducing problems of building water seepage on extreme elevation.

Alu-Form technology allows incorporation of internal electrical fittings and plumbing with a high degree of design efficiency, and as a part of the overall building plan.

This technology optimally utilizes materials, which cuts down the use of conventional construction equipment. Since concrete, being inert, compact and nonporous, does not attract mold or lose its key properties over time. It also is a much reliable option as it requires less labor help. Many times construction work gets delayed due to lack or unavailability of labor.

A major advantage of Alu-Form technology is how it puts an end to construction irregularities. It exterminates or drastically reduces the odds of construction delays, in turn, ensuring timely deliveries as per the commitment. Another advantage is the high-quality finish that it provides – flawless and even finishes.

Quality, excellent concrete surface finish, enables elimination of plastering and ensures durability. It becomes yet another reason why you should own your dream house with Kumar Properties.

Advantages 

  • Green technology – nullifies the use of wood
  • Fire Resistant – concrete is a highly effective barrier to fire spread
  • Cut down the need for conventional brickwork
  • Comparatively low CO2 emission
  • Custom designed to suit project requirements
  • Unsurpassed construction speed
  • High-quality finish
  • Cost effective for mass production
  • Panels can be reused over 100 times
  • Low waste
  • Reduction on external water seepage to building envelope

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Pastel color in the living room

Bring in light, candy-colored pastel shades to ace that soft, dreamy look in your living room!

We’ll admit it right off the bat – each one of us spends a great amount of time curating the perfect living room look on our Pinterest board. And our hearts almost always veer towards those gelato ice cream-like delicate pinks, baby blues, and tender greens. The best part? Pastels work year-round – they’re perfect for cool interiors in the summer; mellow interiors in the monsoon and the cheerful shades help beat the winter pallor. So, we decoded how you can work pastels into your home, read on to know more:

  1. Bring in cushion covers, rugs and throws in pastel colors to pile on your sofas, seaters, and floors. These can be solids or patterned. As pastels are light you don’t have to worry about mixing too many – play with as many as you want. Curtains are another canvas for bringing in pastels. Achieve the ultimate dreamy look with sheer curtains in icy mint or frosted blue
  2. You can even incorporate pastel colors through lighting. If you’re wondering how, it’s easy – for floor and table lamps, opt for ones with pastel colored shades; use remote-controlled, dimmable LED lighting strips with customisable colours as spot and alcove lighting; for pendant and overhead lights, go for candy-coloured metal ones (hello, rose gold!) that will increase the cute quotient in your living room
  3. For chairs and sofas pick sugar shades for upholstery. Alternately, furniture such as center and side tables with powder coated frames in soft, matte shades will also inject a dose of pastels in the space. Remember to work with soft colors only even when it comes to wood, ash greys and soft browns are what you must look for
  4. Flowers – whether an entire bunch or two-three stems – in pale, washed out shades will soften the overall look of your living room
  5. To wholeheartedly embrace pastels in your living space, splash them across your walls. This can be in the form of paints, wallpapers, and even decals. You can choose to cover all the walls or just one for a statement wall. If you ask us, we believe in more the merrier!
  6. Artworks in soft, calming pastel shades will also do wonders to your space. Create a gallery wall or buy a large triptych, the choice is yours.Go ahead, create your own pastel colored haven with this handy guide and share your creations with us.
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