Wake up to the view of the ocean and muttukadu lake. This 3BHK home near Hindustan Engg. College makes living complete with modular kitchen, wardrobes, 4 A/C, Heaters, Lights, Fans, etc.
Other amenities include: Club room, gym, pool, park, tennis court, treated water & back up gen
Contact 9962612255 for a visit
I see many owners disappointed when they find out that their rent will not cover their mortgage. Real estate prices in Chennai has gone up so much that if you buy a home today, your rent will not cover your standard 70% mortgage.
For a 60 lakh flat on OMR, with a rent of 15k, the yield is within the 3 to 4% bracket, which pales in comparison to bank interest rate, but it is still decent for this asset class, when you account for asset growth.
Here is an opinion from Knight Frank India in The Economic Times stating typical yield on properties
A spacious new 3BHK, semi-furnished home is up for rent in L & T. This home has classy woodwork and fixtures including modular kitchen, wardrobes, A/C, lights, fan, 2 CCP, etc.
With a great school like PSBB and plenty of companies in walking distance, there is nothing much you can ask for.
Other highlights:
CCP, Lift, Backup Generator
Park, Kids play area, Club house & Swimming Pool
Departmental store within complex
To visit, call 9962612255
Reside at the best address in town – Kalakshetra colony, Besant nagar. This 4 bed/3bath home is very close to the beach, semi-independent and very spacious
Besant Nagar Indep Home
Key highlights of the property are
If you are interested, call us at 9962612255
One of our client is selling his apartment in Sholinganallur. It is in an unbeatable location, walkable to Shonliganallur jn. and many IT companies.
Lancor Central Park West, Sholinganallur
Here is the property details…
- 3bed/3bath, 1750 SF
- Complete with Woodwork and A/Cs
- Gym, Pool, Club house, Kids play area
- 24hr security
- 2 CCP
- Cement road access
- Lancor Central Park West
If you are interested, call us at 9962612255
Live close to work in SIPCOT, Siruseri and in walking distance to PSBB, the most sought after school on OMR.
This is a spacious new 2BHK with woodwork and fixtures including modular kitchen, wardrobes, pooja room, loft cabinets, lights, fan and an A/C
Other highlights:
CCP, Lift, Backup Generator
Park, Kids play area, Club house & Swimming Pool
Departmental store within complex
To visit, call 9962612255
Starting Nov 21, 2011, SBI will not charge pre-payment penalty on its home loans. RBI has been pushing banks to drop the penalty for a while and finally, some one stepped up to the plate.
There were two kinds of pre-payment that customers did- paying off from their own funds or through a loan from another bank. Some charged penalty only if you paid off your loan from another bank. But now SBI has said NO penalty to any kind of pre-payment.
This is good news, as pretty soon other banks will have to follow suit to keep up with the competition.
Some properties rent very quick and it is definitely not by luck, rather they have a lot going for them. Based on our experience, we have compiled a few must-haves for a rental/investment property. These apply to your property whether it is in Chennai or anywhere else in India.
Less than 100 meters to main road - Tenants want to be able to hail an auto or shop for groceries within a short walk. Take 100m as a thumb rule. We have seen renters reject good houses, since they were more than 200m away from the main road.
Near major employers - Most people move to be closer to work or schools, so why would they move to a home where they have a long commute. If you can find a home where a major employer or great schools are less than a couple of KM, you are good to go. Do you have an opportunity to buy a home near DLF or on the OMR stretch? grab it.
Small size – Small size homes rent much faster than bigger homes. Majority of the tenants fall under the demographics of bachelors or newly married or family with 1 or 2 kids who are usually on the look out for 2 or 3bhk between 1000 to 1400 SF. Also, in terms of pure ROI calculation, if you can get Rs. 15 per SF for a 1000SF home, you cannot command the same rate for a 2000SF home- SF rate of rent drops as the home gets bigger.
Less monthly maintenance – Most new complexes charge upwards of Rs. 2/Sq. Ft. For a 1500SF house that is Rs. 3k on top of the rent, which is a lot of money for renters. If you can find smaller complexes that charge less than a Rs. 1000, it is much better. Consider this, not everyone wants a swimming pool or a gym in the complex, these are the amenities that push the maintenance fee up.
Of course, there are exceptions to the rule, like villas on ECR or flats near boat club, which target a different kind of audience.
Finally, for some shameless plug, find a good property management company to manage your property, so you get some peace of mind, knowing that your property is looked after.
A home at Bollineni Hillside, is really by the hill side, surrounded by hills and lush green pasture, it provides peaceful & serene living.
Bollineni home for rent near BVM
Highlights of this house are
Contact 9962612255 to visit
If property prices drop right after you buy, this could be the case. In such situations, unlike in US or many other countries where the bank doesn’t bother you as long as you pay the loan, in India, the bank can ask you to pay up.
Indian banks expect you to pay the difference in price immediately- no you don’t have much time. The banks don’t want your outstanding loan amount to be greater than the current value of the house. It doesn’t matter whether you have a job or have the ability to pay your loan, you will always have to keep your loan amount less than the value of the house.