Monthly Archives: July 2012

Heera Swiss Town – Sasthamangalam Trivandrum

Heera Swiss Town is an apartment project by Heera developers in Sasthamangalam, Trivandrum. The actual location of Heera Swiss Town is near Soorya Gardens, which is a residential community located at Pipinmoodu in Trivandrum. 
Heera Swiss Town consists of 195 apartments in 3 Blocks. It has 2,3 and 4 bhk apartments and penthouses.The actual area of the apartments ranges from 1155 Sq.Ft to 3460 Sq.Ft.

 ANALYSIS
Heera Swiss Town will enjoy the proximity to Sasthamangalam Junction which is a prime area for development. However Heera Swiss Town is not likely to command the same premium like an SFS Icon or an SFS Grande which is much more prominent in the main Vellayambalam Sasthamangalam road. As per our previous analysis of projects, Heera Swiss Town project is likely to get an appreciation of between 14 to 16% CAGR in the next five to six years from the prevailing rates. Similar apartments in Sasthamangalam junction are likely to command a 18 to 20% CAGR in the next 5 years.
Heera Swiss Town is not rated by any rating body like CRISIL, although Heera does have the Heera Infocity project at Kazhakuttam in Trivandrum which is rated 7-star by CRISIL. Structural quality is one of the criteria in CRISIL ratings.  For further feedback on Heera Swiss Town please contact Nandanam Consultants
AMENITIES
Common Facilities
– Vitrified tiles for the entire floors
– Children’s park
– Landscaped garden
– Reticulated gas system
– Health club with all equipments
– Swimming pool
– Party Area
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Technopark Kollam – Bookings Open

TECHNOPARK Kollam Plug & Play  SBC  facilty( in SEZ. )  has opened for bookings

Technopark as part of the hub and spoke model of development is expanding its activities to Kundra, Kollam, which is 63 km away from the Trivandrum Campus. This is to tap the Kerala’s unique advantage of uniform talent distribution, Infrastructure and supporting IT platforms, e.g. telecom, datacom and digital exchanges, excellent infrastructure availability and back-up support. Technopark Kollam is located in 44.46 acres of prime land beside scenic Kanjirode Lake. This park is being developed as a Special Economic Zone.

CHARGES FOR COMPANIES:


Rent rate /sq ft : Rs.26.15 
Service Tax : 10.3% 
O & M Charges : Rs.4/- per sq ft 
Power/water/A/c  Charges : Actual as per consumption 
Annual escalation : 5% 
Security Deposit : 6 months Rent 
License Period  : 11 Months

FACT SHEET:

* Project area: 44.46 Acres
* 22 Kms. from Kollam City
* 70 Kms. from the Trivandrum International Airport
* Location: On the banks of Kanjirode lake, a tributary to Ashtamudi lake
* Type of development: SEZ
* Basic infrastructure- power, water, roads, telecom, datacom, water treatment plant STP, Executive Hostel, Health, Club, Food Court etc.


OFFERINGS:
* SEZ Land parcels available for IT/ITES Companies and/or developers on long lease
* SEZ Built-up space available on monthly rental basis to be ready by August 2012
 

Fore more on Technopark – Kollam you can read here

Artech Centrix – Luxury apartments at Vazhuthacaud, Trivandrum

Artech Centrix is Artech Realtors new apartment project in Vazhuthacaud, Trivandrum. Artech has about 48 projects in Trivandrum and has the reputation of excellent quality of construction. They have also surprised many by getting hold of premium locations in and around Vazhuthacaud in Trivandrum where land is quite scarce.
ANALYSIS
 
Artech Centrix, promises to be yet another success for Artech, with all but a few flats remaining to be sold out within weeks of the launch. The project which was launched at Rs.5750 per sq.ft. is now going at about Rs.6000 per sq.ft. Artech Centrix bhoomji puja was completed on 15th of July. Given the current trends in the real estate market in and around Vazhuthacaud, the rates are bound to touch about Rs.7500 per sq.ft by the time the project is ready to occupy in August 2014.
Artech also has another luxury project, Artech City Meenakshi @ Vazhuthacaud, which is due to be completed in another 18 months. 
Artech Centrix commands a premium due to its location which is hardly 500 metres from Vazhuthacaud junction. Also its location on the main road means that road facing flats would also get excellent views of the city. Nearby presence of SK Hospital, and access to Sasthamangalam, Edapazhinji and Jagathy within 2 Kms of Centrix means that the project will stand to appreciate a lot in the future.Access to Schools, banking (Federal bank is just next to it) and colleges within 2 Kms also adds the icing on the cake.
Another uniqueness seems to be the fact that the Cotton hill – Edapazhinji section does not seem to have any road facing apartments right now. Most of the houses are residential in nature which adds to the overall look of the site. Courtesy Artech realtors, following are some of the pictures of Artech Centrix in Vazhuthacaud.
Artech Centrix has 4 floor types ranging from 1150 to 1800 sq.ft for 2bhk and 3bhk respectively.
 
 AMENITIES
The following are the amenities are Artech Centrix.
 
·         Children’s Play Area
·         Multi Purpose Hall
·         Billiards / Snooker at the Facility block
·         Plush Entrance Lobbies & Lounge
·         Fully Equipped Air-conditioned Unisex Gym
·         Open deck landscaped party area at terrace level of Facility block
·         Reticulated LPG Supply
·         Video Door Phone
·         Garbage Management Systems
·         Visitors Car Parking
·         DTH / Cable TV provision for Living and Master Bed Room
·         Common Toilets
·         Landscaped Area

An overview about various builders constructing residential projects, villas and apartments in Trivandrum

List of Developers of Apartments and Villas in Trivandrum

Heera Group – Source: http://www.heeragroup.com
Established two decades ago in Goa, Heera Group is a company engaged in diverse business activities like property development, hotel operations, civil contracting and tourism related projects. After understanding the needs of the milieu, Heera extended its arms to Kerala and other states. HEERA GROUP has been declared as the recipient of the world renowned ‘Century International Quality Era Award (CQE)’ in the Gold Category during the year 2012, in recognition of the commitment to quality, Leadership, Technology and Innovation. The 30 lakhs square feet floor area of 1700 happy homes and Vaastugramam and Vaastuhills stand as testimony to the quality that we provide. We are constantly redefining luxury and taking living experience to newer dimensions. Heera INFOCITY in Trivandrum has been awarded the 7 Star rating by the prestigious rating agency-CRISIL. Heera INFOCITY received this award on its excellence in parameters such as Developer Quality, Construction Quality, Legal Documentation, Financial Planning and Innovation. HEERA GROUP was awarded the ISO 9001:2008 certification for meeting the requirements of the standard as early as in 2006. The Heera Group is highly regarded for its transparency, fair play, integrity and honesty.

Skyline – Source: http://www.skylinebuilders.com
At Skyline, we have several significant features that set us apart from the rest. Our homes are on par with the best homes around the world.Skyline Builders presents luxury apartments / flats and villas in Thiruvananthapuram. Thiruvananthapuram, formerly known as Trivandrum, is the capital of the Indian state of Kerala. It is located on the west coast of India near the extreme south of the mainland. With a population of 889,191 (as of 2001), it is the second biggest city in Kerala after Kochi. The city, being the State Capital, houses many Central and State Government offices, organizations and companies.Projects in 7 major cities of Kerala: Kochi | Trivandrum | Thrissur | Kottayam | Thiruvalla | Kozhikode | Kannur.  We are excited to be able to offer such a wide range on home options, i.e., apartments, villas & commercial space, all at premier locations in Kerala. We can truly deliver on the promise of having something for everyone at Skyline. You might prefer a villa to an apartment, 2 bedrooms to 4 bedrooms, a view of the waterfront to a hillside locale, an exclusive location to a more centralized one…the choices are endless, at prices to fit everyone’s budget. When we make you a promise, it’s a given that we will deliver on time. We deem it a major commitment to complete every one of our projects on schedule.

Asset Homes – source – http://www.assethomes.in
Asset Homes is built on this very essence of meaningful relationships between us and our customers, trade partners and employees. And with everything we deal with. Asset Cyber Heights and Silicon Heights are award winning projects & Asset Homes also has a CRISIL 7 Star project to its name. Asset home aims touild customer trust through honest deliverables. Provide stakeholders, investors and employees a fair return. Attain and sustain clear preference in property development sector in Kerala as a socially responsible company.
Muthoot Housing & Infrastructure - part of Muthoot Group








Muthoot Housing: Source – http://www.muthootbuilders.com
Muthoot Housing & Infrastructure is part of the MUTHOOT GROUP – the name synonymous with Reliability and Trust. Founded in the year 1887 by the Late Sri. Ninan Mathai Muthoot , the group is the largest financial group of its kind in India. Muthoot Housing & Infrastructure was established in 1990 and there has been no looking back ever since. The completed projects include The Muthoot Homes, Kudappanakkunnu, Trivandrum – Pearl Haven Apartments, Vazhuthacaud, Trivandrum – The Muthoot Valley Residential Complex at Mukkola, Trivandrum – The Muthoot Villas, Nalanchira – Muthoot Residency flats at NCC Road, Trivandrum – Muthoot Green Valley and Muthoot Green Valley Mist, Krishna Nagar, Trivandrum – Muthoot Crown Plaza, Kottayam – Muthoot Chambers Kollam, Karunappally, Kulasekharam, Kanyakumari and Trivandrum Muthoot medical Centre, Pathanamthitta and The Cardamom County at Thekkady.The ongoing projects include Muthoot Rainbow Apartments, Kamala Gardens, Peroorkada, Trivandrum, and Muthoot Blue Mount Apartments at Paruthippara, Trivandrum.

Manson Properties. source – http://www.mansionproperties.com
We provide complete turnkey services of individual homes, apartments, hotels and public buildings. We take care of everything, right from identifying the property, conceiving the project structure and coming up with state of the art architectural design to the marketing, business development, strategic planning and project management. We employ other key executive functions and innovative business strategies.

Welcome to my website, enjoy Your stay.
Kristal Group established its operation in the year 1998 with a unique aim for providing housing solutions to the demanding customers of IT City, Bengaluru. With an experience of more than a decade, the Group has made steady progress and earned a reputation for itself as a leading name in developing Apartments, Villas, Mansions, Triplex Houses, Multi-unit houses, Commercial Complexes, Clubs & Resorts in the Garden City. Kristal has offices and projects span over Bengaluru, Thiruvananthapuram, and Cochin. Other Kristal entities are in Yercaud, Salem (Coffee estate and Bungalow), Modern but traditional House boat in back waters of Alleppey, an associate resort in Munnar etc. Kristal spread its wings to the Middle East by commencing the first international company Kristal Qatar International LLC which is into civil contracting and allied activities. Other operating centers are in US and Middle East.

PRS Builders – http://www.prsbuilders.com
PRS Builders with its headquarters in Thiruvananthapuram, Kerala, is a leading construction company, founded by the far-sighted visionary
– Late P. Ratnaswamy.
For four generations, we have been providing distinctive and acclaimed construction services for our clients and the community that has stood the test of time, with the civil engineering and construction tradition of PRS family dating back to 1933 when Late S. Perumal Pillai, father of P. Ratnaswamy was awarded the construction contract of the Legislative Assembly Hall of the then Travancore State by the then Maharaja of Travancore.
Chevron Logo
Chevron Builders. source – http://www.chevronbuilders.com
Chevron Builders & Realtors [P] Ltd was established with its focus on marketing and real estate business of land, apartments, luxury villas, houses, industry buildings, offices, commercial grounds, warehouses, stores, etc. Today, the group has some successful projects to its credit and has emerged as one of the fastest-growing real estate groups in Kerala, India..
MIR REALTORS
MIR Realtors

Mir Realtors is an ISO-certified eco-friendly builder. The company’s signature township “Green Metropolis” designed on 6 acres of green expanse at Kakkanad, Cochin is the first eco-friendly self-contained township in Kerala. Located in close proximity to Smart City, the project comprises of 400 dwelling units and a 32-storeyed twin tower apartment complex, the tallest in South India.Mir Realtors is also constructing the largest township in Trivandrum “The Greens” on 11 acres of lush greenery at Karakulam near Peroorkada. Located on the state highway to Nedumangad, the proposed project features 364 dwelling units and exclusive Pool Villas. The third project is an exclusive beach township at Kannur, the mystic land of looms and lores. Christened as “Sailors Cove”, this township is the first and largest in the city and features the tallest 27-storeyed twin towers in Kannur.  Living in a township built by Mir Realtors gives you all the joys of gated community living. World-class amenities are a part and parcel of Mir Realtors’ large residential townships. Club houses, jogging tracks, pools, crèches, cafeterias, guest suites, drivers’ accommodation, medical clinics and bank ATMs among many others serve to enhance the lifestyle of residents. 24 hour high-speed broadband connectivity makes you a global resident! A lifestyle that would have required time, effort, costs and travel has all been made available within the township. Neighborhood harmony within these townships create more healthy relationships and go a long way in bringing about a harmonious co-existence of like-minded peoplE.

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BIG Infratech – Source: http://www.biginfra.com
BIG Infratech India Pvt. Ltd. has been created with a profound vision to have a positive impact on social life in the state of Kerala, through the successful implementation of infrastructure projects.Its promoters bring over 25 years of expertise gained from running successful companies in various sectors with a footprint across India.BIG Values

  • Honest and ethical practices in work and relationships.
  • Professional and high quality services.
  • Compliance and respect for the community, environment and legal requirements.
  • To provide customer value with outstanding quality products.

 

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Artech Realtors – Source: artechrealtors.com
Artech Group of companies consists mainly of AGC and ARPL, to facilitate the implementation of various projects in Kerala;AGC – ARTECH Group (contracting), ARPL – Artech Realtors Private Limited – the Real Estate Development division.  Our strengths lie in

  • Identifying and acquiring suitable sites., Getting Governmental clearances and approvals., Developing, Designing and conceptualizing Architectural and Aesthetic Structures, Completing projects in a time-bound manner.

It gives us pleasure and honour to proclaim our close association with a cross – section of clients who include Kshitij (retail destinations), Pantaloons India Ltd, Berggruen Hotels, Foodworld, Spencer, Muthoot Group, TATA (AIG), Bajaj Auto limited, Indraprastha Hotels, Shilpa Hotels, Kalpana Group, SBI, Birla Sunlife, Various NRI groups, Educational Trusts – to name but a few. With our exposure, efficiency and experience in the local area, we are of the opinion that we could enhance our output by associating with you and benefit from a cumulative effort.

Homes in Kerala
Skyline Foundations and Structures (SFS) – Source: http://www.sfshomes.com
For three decades, SFS homes have been fulfilling the dreams of discerning home owners. Redrawing skylines and redefining lifestyles, the company has built an unshakeable reputation of trust.With a legacy of three decades of building apartments, villas and posh gated communities, the company has consistently provided home options of every category and style. SFS Homes are always centrally located. The company is noted for timely delivery of projects, quality construction and dedicated customer service.Commitment to the customer does not stop at the delivery of a superb home. SFS Vista is the interior design wing headed by leading architects and interior designers. SFS has won the CRISIL AWARDS FOR SFS CYBER PALMS – 7 STAR PROJECT RATING.

Nikunjam Constructions – Source http://www.nikunjambuilders.com/
Started in 1999 with a passionate conviction that uncompromising quality and a never ending desire for fulfilling customer needs, Nikunjam registered a steady and steadfast growth in the builders’ industry. The secret behind the immense success has been innovation, teamwork and technical excellence in line with a high degree of business ethics.  Today, Nikunjam is reckoned as a synonym for quality construction both in residential projects and commercial spaces. Nikunjam Builders is in the business of creating quality  living environs that reflect our clients’ vision, as well as our commitment to the highest standards of excellence and ethics. We pride ourselves in innovation, people development, cost-effectiveness, excellent value, and delivering the best product possible within the specified quality honouring timely delivery of homes.

Southern Investments Private Limited. Source – http://www.sihomes.com
Beginning in 1968,when Si began its first project – Montieth Court in Madras – nobody believed flats would sell. But history proved that notion wrong!. Today Si has completed projects in the cities of Chennai, Kochi, Thiruvananthapuram, Kozhikode, Trichur and Bangalore. The Company has gained the distinction of having pioneered residential high-rise construction in South India. Si stands for over five million square feet of great, liveable homes, offices and shops.Southern Investments offers apartments, built to its exacting standards in the cities of Chennai, Kochi, Thiruvananthapuram, Trichur and Kozhikode. In each city, Si’s own ultra modern offices cater to every customer need. Computers speed Estimation, Design, Cost Control, Accounting and Documentation. A quality control system is being put in place to ensure uniform quality in every nook and corner of every one of the thousands of rooms being built. Southern Investments has many strengths. A presence in many cities stimulates inputs from a variety of leading engineers, architects, financial consultants and legal advisors for continuing all round improvement. A significant percentage of Si’s business is the result of recommendations from a long list of happy clients. Si’s valued reputation for reliability assures more dedicated suppliers and contractors. Banks and financial institutions respect Si’s long term performance and stability. As we move ahead into the twenty first century, all these strengths will continue to assure Si its leadership position. Southern Investments has done the following projects in Trivandrum.

S.No Project Sft Area S No Project Sft Area
1. Saraswathy Nilayam I 49,540 11. Queensway Point 71,550
2. Saraswathy Nilayam II 49,560 12. Glen Valley A 18,122
3. Kowdiar Manor I 56,985 13. Whitehaven 40,457
4. Kowdiar Manor II 56,985 14. Embassy Homes I 18,991
5. Wilcrest Point 28,613 15. Ashtree Manor 45,210
6. Cotton  Hill Heights 1,71,000 16. Beaumont Terrace 34,456
7. Cotton  Hill Heights Offices 11,700 17. Glen Valley B 18,892
8. Highland Park 49,470 18. Bains Court 18,159
9. Capitol Center 32,829 19. Glen Valley C 17,596
10. Windbrook Place 1,53,000 20. Kempton Manor 43,440
21. Laurel Park 24,342
22. Embassy Homes II 39,107
23. Green Hill Heights 52,481
24. Green Hill Village 22,000

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vcast
VCAST HOMES.  source – http://www.vcasthomes.com
Vcast Started 10 Years ago with a mission of decorating God’s Own Country. We Introduced cast iron grills & gates in affordable price to every ones reach in Trivandrum. We decorated God’s Own Country with our grills & gates in thousands of tons for the past 10 years. Lakhs of our happy customers will endosure our quality products & best service.
Our next mission started now to construct no compromise homes. Happy Apartments, a gated residential apartment consisting of 48 homes opening towards East faced greenery location, specially designed in compliance with the principles of vasthu in 100% vasthu oriented (Upper Kanni & Lower Easa) land. Vcast assures the same best quality and no compromise to our happy customers. 


Olive Builders . Source – http://www.olivebuilder.com

  • Millions of Square Feets.
  • Operations from 9 countries
  • Thousands of happy families

Olive Builders have been brightening the lives of many for the past 25 years. The commitment to quality workmanship and timely delivery of projects has created a vast base of customers from all over the world. The good will earned from the customers has become the most valuable assets for the company to grow rapidly and consistently.

Right from its inception, the company has been constantly offering quality living spaces at strategic locations. Dedicated work force, intelligent designs, stringent quality standards in construction, attention to details has helped Olive Builders to grow beyond the expectations. The completed projects stand testimony to the quest of intelligence.

SBI home loan – Analysis and features

Analysis

        Speed of Sanction – 7 working days
        Ease of documentation – Pre- Approved projects only.Less Documentation
        Balance Transfer Charges – (incase of refinance) 2%
        Part-payment Charges – Nil
        Switching Charges – (Fixed to Floating or vice-a-versa) 1.75%
        Loan to Value ratio – Upto 20 lakh-90%,Above 20 lakh-80%
        Customer Service –  Good
        Franking Charges – 0.2%

    Features

    • SBI home loan contains package of exclusive benefits.
    • SBI offers lowest interest rates. Further, they charge interest on a daily reducing balance!!
    • Low processing charges.
    • No hidden costs or administrative charges.
    • No prepayment penalties. Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan.
    • Over 12000 branches nationwide, you can get your Home Loan account parked at a branch nearest to your present or proposed residence.
    • Actual loan amount will be determined taking into consideration factors such as applicant’s income and repaying capacity, age, assets and liabilities, cost of the proposed house/flat etc.
    • Security:
      Equitable mortgage of the property.
      Other tangible security of adequate value like NSCs, Life Insurance policies etc., if the property cannot be mortgaged.

    Documents Needed – Salaried Individual

    • Application form with recent photograph
    • Salary slip of last 3 months
    • Latest Form 16
    • Bank statement for last 6 months
    • Processing fee check
    • Proof of identity (any one): Passport Driving licence/photo credit card/Employee licence/Voter’s ID/PAN card
    • Proof of Residence (any one): Driving licence/Any utility bill/Govt. or authority bill
    • Proof of age (any one) : Passport/Voter’s ID/PAN card/’ Birth certificate/life insurance policy or premium receipt
      Signature verification proof
    • Repayment track record of existing loans/Loan closure letter

    Documents Needed – Self Employed

    • Application form with recent photograph
    • Bank statement for last 6 months
    • Processing fee check
    • Proof of age (any one) : Passport/Voter’s ID/PAN card/’Birth certificate/life insurance policy or premium receipt
    • Proof of identity (any one): Passport Driving licence/photo credit card/Employee licence/Voter’s ID/PAN card
    • Proof of Residence (any one): Driving licence/Any utility bill/Govt. or authority bill
    • P&L and balance Sheet for last 2 years certified/audited by CA
    • Qualification proof of the highest professional degree
    • Proof of existence
    • Income Tax return/Computation of total income/Auditor’s Report Balance sheet/Profit and loss account for last
      2 years certified by CA
    • Repayment track record of existing loans/Loan closure letter
    • Proof of office address
    • Board Resolution in case of company

    HDFC Bank Home Loan Analysis and Features

    Analysis

    Loan To Value Ratio –HDFC Home Loan can be applied for a maximum of 85% of the property value subject to credit discretion


    Through its Home Improvement Loan scheme, it facilitates internal and external repairs and other structural improvements. HDFC finances up to 85% of the cost of renovation (100% for existing customers) subject to market value of the property.

    Speed of Sanction
    Subject to all documentary compliances loan sanction within 7 working days

    Ease of documentation
    Simplified credit and legal documentation 
    Customer Service
    Excellent
    Features:

        Loans are available to individual to purchase or constructed houses.

        Anyone can apply for home loan individually or jointly

        Loan is available up to 80% of the cost of property based on repayment capacity of the customer

        Automated repayment of home loan by giving standing instructions or PDC’s

        Flexible repayment options are available

    Eligibility:

        Minimum age to apply for home loan is 21 years, and maximum age at maturity is 60 years

        Minimum 2 years in employment and minimum of 1 year in current organization.

    Charges:

        Late payment charges: 2% per month

        Cheque swapping charges & Cheque bounce charge : Rs 500/-each

        Duplicate statement charges: Rs 100 per page, Maximum Rs 300/-

        Issue of duplicate provisional interest certificate, balance certificate, amortization schedule charges Rs 300 each

        Prepayment charges: No prepayment is allowed in first 6 months, 6 months to 5 years it is 1.5% of original loan amount,for 5 to 10 years 0.75% of original loan amount & for >10 years there is no closure fee

    Interest Rate:

        Loan is available at both floating rate & fixed rates
        Floating rates are linked to base rate & BPLR

    Documentation:
     

    Salaried Individuals

          Application form with recent photograph
          Latest salary slip and Form 16
          Bank statement for last 3 months
          Proof of Identity (any one): Passport/Driving license/Photo credit card/Employee license/Voter’s ID/PAN card
          Proof of Residence (any one): Driving license/Any utility bill/Govt. or authority bill
        
    For Self Employed Professionals / Self Employed Businessman
        Application form with photograph
        Identity and Residence Proof Identity and Residence Proof
        Education Qualifications Certificate (for professionals only)
        Last 3 years Income Tax returns, Profit /Loss account, Balance Sheet and computation of income
        Business profile (for non professionals only)
        Last 6 months bank statements ( personal and business accounts)
        Proof savings & investments
        Processing fee cheque

    * NRI’s are required to submit copy of the passport, work permit, CDC (in case of sailors) and
    visa in addition to the documents listed above.

        

    Factors to consider before availing your home loan

    The next time you decide on buying your property and the amount of loan you require, this article should help. Most customers just think of the interest rates while going for the home loan.

    This is a prudent thing to do, however there are a multitude of other things which you should keep in mind as home loan is usually for a tenure of about 20 years. So these factors also mean a lot to your experience during the tenure of the loan.

    For more information please reach out to our expert team at Nandanam Consultants

    Different categories of home loan

    •     Home purchase loan: It is one of the basic types of housing loan which is taken for buying the new house.
    •     Bridge loan: Such kind of housing loan helps in financing the new home of the borrower when he is interested in selling the current house. It is mainly a short term loan which is given to the applicant for the period when he is interested in selling the old house and wants to buy the new house.
    •     Home extension loan: It can be used for extending or expanding the current home, like, adding an extra room or bathroom, etc.
    •     Home improvement loan: Such kind of loan is for doing renovation or repairing of the house which you have already purchased.
    •     Home conversion loan: It is the loan wherein the borrower has already taken a home loan for financing his current house but is now interested in moving to some other home.
    With the help of the home conversion loan, borrower can transfer the current loan to the new house which needs extra funds. With the help of the new loan, you can make the payment of the earlier loan & arrange sufficient funds for buying the new house.

    Factors to consider for your home loan:

    • Interest Rate
    • Pre payment charges
    • Balance Transfer Charges(incase of refinance)
    • Part-payment Charges
    • Switching Charges (Fixed to Floating or vice-a-versa)
    • Loan to Value ratio
    • Speed of Sanction
    • Ease of documentation
    • Simplified credit and legal documentation
    • Customer Service
    • Franking Charges 

    What differentiates a good home loan lender-
    A good lender is one who clearly discloses all terms and conditions, is responsive to your requirements and gives you a loan at easy rates. A home loan demands constant servicing for next 15-20 years, and therefore, interest rate should not be the only base of choosing the lender.

        Check credentials of the lender-  It should be remembered, that the Reserve Bank of India (RBI) has no control over what the loan provider will charge. Each lender has its own cost of funds and they accordingly decide the charge whatever it deems fit. So, you should compare what a lender is charging as interest rate to new customer and on loans which are already running with them for past 2-3 years. This will help you decide what would happen to you two years down the line.

        Negotiation- If you are earning good income and have a decent CIBIL score then you should try to negotiate for home loan rates from lender. You might get 0.25 to 0.75 percent rate lower than normal. It also involves doing negotiation for processing fee. Many lenders are charging 0.5 per cent- 1 per cent as upfront fee but if you will do negotiation then it can be lowered to 0.1 per cent.

        Stick to one lender- Never make a mistake of applying to 5-6 banks at a time as after the introduction of CIBIL, each new loan enquiry can lower your credit score by approximately 10 basis points. A low credit score can impair your power to demand an easy rate. So, you do your research or talk to our experts before discussing the final deal.

     Fixed or variable interest rate?- Interest rate varies from time to time and it is a good idea to do a proper analyzing of liability portfolio on the regular basis in order to get maximum benefit out of it. It means, if you are borrowing for a short period, i.e., for 2-5 years, then you should go for fixed rate, or else, you can choose the variable interest rate, in the hope that the interest rate will come down in the longer tenure.

        Right selection- Since loan is for the long-term, therefore, you should select that company which is offering other loan products also, like, personal loan, car loan, education loan, etc. If required, you will be able to get preferential interest rates on other products also on the basis of your track record with the lender.
    This will also avoid running from one lender to other for your varied financing requirements.

    Crisil ratings for projects in Trivandrum – What it means for your project

    CRISIL Real Estate Star Ratings provide city specific all-round assessment of real estate projects and help buyers benchmark and identify quality projects within their city.

    CRISIL Real Estate Star Ratings address two critical needs in the realty sector: improved transparency and objective benchmarking of projects.
    The key factors evaluated in the Star Ratings process are
    • quality of legal documentation,
    • construction related risks,
    • financial flexibility/viability of the project besides the background, and
    • track record of the project sponsor.
    Star Ratings is based on an eight-point scale that is specific to the city— from ‘City 7-Star’, the highest, to ‘City 1-Star’, the lowest being ‘Non-Deliverable Project’. 
    Some of the ratings given by Crisil for projects in Kochi and Trivandrum in Kerala are as follows. The real estate ratings serve to increase the credibility of the developer on one hand and helps the developer get financial funding. This also ensures for the customer good construction quality in the project.
    As per  ICRA Limited, “For end-users/buyers, Grading provides an independent and objective opinion on the risks associated with the developer’s ability to deliver in accordance with the terms, quality parameters, and time stipulated.”
    Project Name Location Developer Name Star Ratings
    Kent Nalukettu Palm Villas Kochi Kent Constructions Kochi – 5 Star
    Ivy League – Phase 1 Kochi Skyline Builders Kochi – 7 Star
    Ultima Skymax Kochi Ultima Builders and Developers Kochi – 3 Star

    Project Name Location Developer Star Ratings
    Asset Signature – Phase I Trivandrum Asset Homes Pvt Ltd Trivandrum – 7 Star
    Heera Infocity Trivandrum Heera Construction Company (P) Ltd Trivandrum – 7 Star
    SFS Cyber Palms Trivandrum Skyline Foundations & Structures (P) Ltd Trivandrum – 7 Star

    Rating Scale For Real Estate Developers
    DA1
    Excellent
    The Developer’s ability to execute real estate projects as per the specified quality level and within the stipulated time schedule, and ability to transfer clean title is Excellent.
    DA2
    Very Good
    The Developer’s ability to execute real estate projects as per the specified quality level and within the stipulated time schedule, and ability to transfer clean title is Very Good.
    DA3
    Good
    The Developer’s ability to execute real estate projects as per the specified quality level and within the stipulated time schedule, and ability to transfer clean title is Good.
    DA4
    Below Average
    The Developer’s ability to execute real estate projects as per the specified quality level and within the stipulated time schedule, and ability to transfer clean title is Below Average.
    DA5
    Poor
    The Developer’s ability to execute real estate projects as per the specified quality level and within the stipulated time schedule, and ability to transfer clean title is Poor.

    Samson and Sons – Blue Diamond, Uloor Trivandrum

    Status: Pre-Launch

    “Blue Diamond”

    Enjoy the real essence of life by adding flavours to it. In that sense, the right home selection is most important. “Blue Diamond”, project from Samson & sons will be the right selection for those who want to enjoy the real essence of life. “Blue Diamond” is located at Ulloor, Trivandrum. Other features are furnished lobby and reception, landscaped garden, children’s play area, roof top party area and 8 persons lift. “Blue Diamond” presents 12 apartments of 3 & 2 BHK. Ideal for medical professionals / Doctors. Book now and own your dream home.

    Nearest Points

    Trivandrum Medical College, Dental College, Nursing College, Credence Hospital, Ahalya Eye Foundation, SUT Hospital, Chaitanya Eye Hospital, Cosmopolitan Hospital, Southern Air Command, CDS, PSC Office, Provident Fund Office, BSNL, St. Mary’s School

    No. of apartments : 12
    No. of apartments in each floor : 3 apartments

    Kristal Techpark-View Technopark Trivandrum

    Status: Pre-Launch

    Fifth phase project in Kristal Techpark-View, Residential Township Project. Onyx A consist of 2 & 3 BHK apartments with premium specification and world class Club House amenities.

    2 Base + G + 17 floors
     Total No. of units 72
     4 apartments in a floor
     2 & 3 BHK available
     2 BHK – 1235 Sq.ft – Type C & D
     3 BHK – 1876 & 1821 Sq.ft – Type A & B

    Kristal Tech Park View – Campus Features

    Exclusively residential project.
    7mtr wide well tarred arterial road.
    High Quality Vitrified tile flooring.
    High Speed Lifts.
    Power back up for Lift,common lighting & pump.
    Standard 0.5 KVA inverter for all individual units.
    Duel water supply system.
    Sewage Treatment Plant in the campus.
    Modern Fire fighting equipments.
    Centralized gas supply.
    Provision for Broadband Internet Services
    Privilege membership card for the club house Kristal Tulips.
    Rain water harvesting.
    All apartments including lift are connected via.Intercom.
    24 Hrs security for the campus.

    Structure : RCC frame structure with Footings, Columns, Beams, Slabs etc to Kristal Design. Foundation is RCC cast in situ piles / Raft resting on hard strata.
    Walls : 6inch Block Masonry for external walls & 4inch Solid Block Masonry for internal walls.
    Doors : Main door: 7 feet high with pre-engineered imported door frames & shutters with teak wood finish along with high quality hard ware. Internal Doors: 7 feet high pre-engineered imported door frames & moulded door shutters along with high quality hard ware. 
    Windows : Enamel paint finish powder coated Aluminum section with sliding Panels for windows / ventilators. All windows to have protective Guard grills for safety.
    Flooring : Best quality Vitrified tiles (2 X 2) for Living, Dining and Bedrooms. Wooden Flooring for Master Bed Room. Best quality Ceramic / Rectified tiles for Balcony, Work Area.  
    Toilets : Matt finish Ceramic tiles for toilet floors. Ceramic glazed tile dado for 7.0 feet height. 50percentage  Colour good quality EWCs & Wash basins in all toilets. Superior quality  /Std Brand CP fittings to be provided for water supply
    Dining : Superior quality Wash basin with ceramic glazed tile dado for 2ft. (As per Plan)
    Plastering : All internal walls plastered in cement mortar and painted with acrylic emulsion over putty finish. External wall plastered with cement mortar, finished with weather coat paint.