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Why is Real estate considered one of the safest investment

2020-12-20T22:31:00+00:00

There are many options to invest your money. Each method of investment comes with its own set of pros and cons. You must research well about the various options that you have access to and understand the advantages and disadvantages of each before deciding what works best for you. Investing in real estate has been one of the most reliable forms of investments and using your savings for procuring a property comes with many benefits to its credit.

Here are some of the reasons why investing in real estate is considered one of the safest investment options:

The alternates to investing in real estate are options like investing in gold, stock market or depositing it for a longer period under schemes like a fixed deposit in a bank. While depositing in a bank will only enhance your savings marginally, the other methods mentioned come with a lot of fluctuations and uncertainty. Compared to these, investing in real estate assures a handsome appreciation as compared to the aforementioned methods. It is also comparatively less risky and thus, one can invest at a good location confidently.

2. Irrespective of appreciation or not, shelter is one of the basic requisites in our lives. Thus, investing in it will not only secure your savings but also provide you with a home and a basic amenity that you can call your own.

3. Investing in a good location that has shown a good rate of appreciation will not only secure your savings, but also promise great returns. The percentage of profit that you make depends on the location of your property and the quality of construction, etc.

4. Even if there is no appreciation, there is rarely depreciation in the value of properties. This is not a common occurrence, so, ideally one would seek appreciation of their funds, but if not, one can at least expect to receive the same amount as invested without any loss.

5. Investing in a property also provides one with an option of letting it out for rent, thus making an additional source of income. If you buy a home in a safe and secure neighbourhood, you can expect higher rent as these homes are more sought after. Even if you take out a loan to buy the property, the income received via rent can be used as an additional source to pay off the EMIs.

6. You can also get many tax benefits when you invest in a property. Under section 80C of the Income-Tax Act, the amount one has to pay as part of the repayment of the principal amount is exempted from tax deduction. The maximum benefit one could avail under this option is currently set at Rs. 1,50,000. Section 24B allows for benefits of up to 2 lakhs on the interest paid on the home loan. Further, section 80EE gets first time buyers an additional rebate of Rs. 50,000 over and above the benefits mentioned under section 80C and section 24B.

7. Nowadays many people have access to a good salary and hence can procure a substantial loan at a much younger age. Buying a property that comes with a good rental value will help you secure your savings, make an asset and own it at a much younger age as compared to times when one had to save for many years, often until their old age to enjoy the perks of owing a property. It will also help you manage your earnings, and ensure that it is not being wasted on unwanted items. This will also help you get many tax redemptions and benefits.

8. One may lose the entire amount invested in stocks, or lose an item made of gold, or their car or bike could get stolen- but one cannot lose an investment in property that easily as it is a large and immovable asset making it a concrete form of investment as compared to others.

9. Another reason why investing in real estate is considered a safe investment option is the fact that it is an asset that can be used by many generations. Your investment is safe and utilised not just by you but by many generations to come.

10. Your investment in real estate is safe and a beneficial one if you do a thorough research, study and analyse a place before buying. Your investment in real estate today can help you enjoy the amenities and facilities that the location comes with and may also provide you with greater perks as the place develops.

11. If there are any unforeseen catastrophes like loss in business, ill health, etc., one can still rely on their real estate holdings to earn some income thus making it a safety asset for a better tomorrow.

12. Investing in real estate will give you access to large sums of money at one go. How often does one come across saving running in lakhs or crores that one can access at one shot? Having a property will give you this benefit.

13. Lastly, when the time comes for retirement and you wish to just relax, your investment in real estate will come in handy. It has not only helped you save in your glory days but will also come in handy as you relax and enjoy your retired life.

These are some of the reasons why investing in real estate is considered a reliable and safe method to invest your money. Researching well and studying the market and investing accordingly will help one go a long way in securing your savings in the present and making the most of them in your future.

Onyx Realtors is an Real Estate Developer and Property Management Company in Chennai offers well developed Plots and Independent Villas for Sale in Chennai and Kodaikanal within your budget. Call Now +91 99419 22001 and get best offers.

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Kitchen Decoration Ideas

2020-01-31T19:59:00+00:00

Kitchens tend to be one of the most neglected parts of a home when it comes to planning and design. Not many people understand that a functional kitchen does not necessarily have to be big. The key is to plan it well and in such a manner that it is highly functional in whatever space is dedicated to it. Irrespective of whether you are a home-maker or a working woman, one tends to spend a substantial amount of time in the kitchen and it is important for it to not only be functional but also aesthetically appealing. Apart from this, a lot of people are choosing to combine kitchen and dining areas or have a desire for open kitchens which makes it all the more important to concentrate on the decor of the kitchen. Here are some simple kitchen decoration ideas that will help you transform your kitchen into a more beautiful space.

The most basic and essential aspect of any design is the colour theme that you choose for space. It sets the tone to the place and dictates the other factors that you will consider for your kitchen decoration ideas. Red, white, yellow and orange are some of the most commonly used colours. These colours are bright, appetizing and appealing to the viewer. Colours like olive green, maroon, etc. are also gaining popularity as they create a warm ambiance. You can also use wood in its varied shades- this is a trend that never gets old and can help you achieve an old school look for your kitchen.

Instead of opting for closed cabinets for the entire kitchen, you can create more diversity in textures and finishes by opting for some wooden cabinet doors, some with frosted or clear glass doors and some open shelving to create diversity in your kitchen.

Wall tiles can be a great way to add design to your kitchen. The market is full of tiles that come in varied styles, sizes, and colours. From metallic to 3D tiles, from vintage floral to minimalistic ones, you can pick the tiles of your liking to compliment the colour theme that you have in mind. One should ensure that they do not go overboard with the design as too much pattern and texture can make space look tacky and unappealing.

If your kitchen is large and you have enough wall space, you can create a focal point by some form of art. It could be something as economic as a wall decal, or something as exotic as a custom made mural. This will make your kitchen look unique and it will stand out as compared to the usual kitchen designs. If you have a dining area attached to your kitchen, then a design inclusion like this will take your entire dining experience to a more extravagant level.

You can add knick-knacks from your travel or unique items that you possess in the entrance of the kitchen by installing open shelves. It could be an odd set of ceramic plates or a mix of different mugs or even magnets, you can pick whatever appeals to your taste best and display it to make your kitchen look more personalized. If you are opting to add open shelves, make sure that they are away from the cooking area as dust tends to stick and become grimy due to the heat from the cooking area.

You can make your kitchen area look more elegant by adding a dainty cutlery unit that shows off your finest and most prized tableware. Not only is it a great accessory to add to your kitchen, but it is also extremely useful.

If you have a dining area attached to your kitchen, you can use one of the walls for family photos, personal memorabilia, etc. Nothing makes a space look as good as personalization. It is also a space that you use with your family thus making it an ideal space to display photos or items that are special to you and your loved ones.

Throw in a chalkboard where you can write down meal plans and add notes for your family members. Another fun addition to your kitchen that can come in real handy.

Add a unique lighting fixture or a statement pendant light to make your kitchen look elegant and classy. This is one of the best ways to make your kitchen look smart and elegant without spending too much.

Display quirky pots and pans either on open shelves or hang them. This is a great way to add some character to your kitchen. You can get creative by using earthen pots or something that you picked from a thrift store.

Lastly, the one inclusion that is cheap and never goes out of style is foliage. Add some sturdy plants to your kitchen and you can feel a lot of difference in your mood and in the appearance of your kitchen by this simple addition.

Book a free consultation today. Get the Interior Design Ideas for your residential and commercial by our experts at Onyx Services.

For any kind of Home Maintenance Services in Chennai, Call +91 99419 22001 and get best rates for your property.

Housing Loan Tax Benefits In India

2019-09-03T04:30:00+00:00

Both the interest and principal components of a home loan can bring you tax benefits. Individuals who have taken a loan to purchase their home or for the purpose of construction can claim the principal amount under section 80(c) and the interest can be claimed under 24(b).

If an individual buys a house and decides to sell it within the same year or before a period of three years, he is liable to pay short term capital gains tax. However, if the sale has taken place after three years, one is liable to pay long term capital gains tax. This is not taxable if the profit amounts are invested in capital gains tax-saving bonds as detailed under Section 54 thus offering great first-time home buyer tax benefits.

One can get a deduction on interest component on home loans of up to Rs. 1.5 lakhs if the loan is taken on or after. 1st of April 1999 for the purpose of building or buying a property. This home loan tax benefit can be enjoyed if the purchase or construction is completed within three years from the end of the financial year in which the loan was procured. Apart from this, a certificate from the lending bank should be provided to certify that interest is payable against the loan taken to buy or construct a home.

Another one of the tax benefits on a home loan is available if one continues to make payments. If an individual who has borrowed money fails to pay the EMI on time, he cannot claim the tax benefits on the amount that is supposed to have been paid.

Lastly, only the person who has taken the home loan can enjoy the tax deductions. If there is a co-borrower for the said home loan, he or she can only claim limited benefits of the deductions that one can avail when they opt for a home loan. It is only limited to the amount that they will repay.

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Different Types of Housing Loans in India

2019-01-20T02:53:00+00:00

We assist our customers from getting through all sorts of documentation process to enable the procedural routines to purchase their dream villas or plots from us. Easy to understand Our Home Loan EMI Calculator helps you calculate the EMI required to pay for your dream home.

Land Purchase Loan:

Housing finance companies and banks provide loans for purchasing a piece of land or a plot for constructing your house. You can get up to 80 percent of the cost of the property as a loan. The repayment term of the loan can go up to a maximum of 15 years. However, the term is decided on the basis of your age of retirement. Anyone above 21 years of age with a regular monthly income is eligible to apply for the land purchase loan. The lender charges a processing fee of 1 to 2 percent when providing the loan.

House Purchase Loan:

Home purchase loan is the most commonly sought after home finance product. You can use this loan to buy either a new house or an existing one. As in the case of purchase of land, you can get up to 90 percent of the value of the property as a loan. When it comes to the interest rate applicable for the home purchase loan, you have three options: fixed, floating, or hybrid rate of interest. Salaried and self-employed individuals between 18 years to 70 years and 21 years to 70 years and with an annual income Rs. 1.20 lakhs and Rs. 2.00 lakhs, respectively, are eligible to apply for this loan.

Home Construction Loan:

Loans are available from banks for the construction of a house on a piece of land or plot that you own. If you have acquired the land where you are planning to construct your house within a year of construction, then the cost of the land will be considered when computing the total cost of the house. This is not applicable if the land was purchased over a year ago prior to the start of construction. You can file your loan application after estimating the amount required for the construction of the house. You can get up to 85 percent of the total cost as a loan. The loan may be disbursed as a lump sum amount or in installments based on the progress of the construction work.

Home Extension Loan:

Home extension loans come in handy when you want to add some extra space. You may construct new rooms, enclose balcony, expand your bathroom, or remodel some of the rooms. Generally, banks provide funds to the tune of 70 to 85 percent of the estimated value of the extension work. Your age, creditworthiness, repayment capacity, and credit history are taken into account prior to sanctioning the loan. You may opt for fixed or floating interest rate.

NRI Home Loan:

Non-Resident Indians who want to own a property in their home country can apply for an NRI home loan. Apart from the extensive paperwork involved, other formalities to be completed remains the same.

Home Improvement Loan:

If you already own a home but do not have enough funds for renovation. You can make use of this home loan variant to do internal/external painting, repair work, waterproofing, electrical work, construction of underground/overhead water tank, etc.

Home Conversion Loan:

If you have bought a house through a home loan but want to purchase and move into another house, you can apply for a home conversion loan. You just have to transfer your existing loan to the new home. You are not required to repay the existing loan. A home conversion loan carries a higher interest rate.

Balance Transfer Loan:

You may opt for a balance transfer loan when you want to transfer your home loan from your current bank to another. Typically, you can do this to take advantage of the decline in home loan interest rates.

Stamp Duty Payment Loan:

A loan for the payment of stamp duty charges, as applicable, on a property that you have purchased, can be availed from banks.

Onyx Realtors is an Real Estate Developer and Property Management Company in Chennai offers well developed Plots and Independent Villas for Sale in Chennai and Kodaikanal within your budget. Call Now +91 99419 22001 and get best offers.

How to make tiniest bathroom feel spacious

2018-01-20T00:15:00+00:00

Small bathrooms aren't the easiest spaces to work with. They're usually cramped and crowded, here are a few tips to make any small bathroom seem bigger – no wall demolition required.

Book a free consultation today. Get the Interior Design Ideas for your residential and commercial by our experts at Onyx Services.

Brighten the room

Bring in as much light as possible. Light, bright rooms always feel more spacious than dark and drab ones.

Wall Color – Paint the walls and ceiling the same light color to make the bathroom feel double its size. Multiple colors chop the room into different compartments, making it seem smaller.

Windows – If you have a window, use sheer window coverings to maximize the natural light.

Lighting – Install additional flush-mount wall or ceiling light fixtures to increase the light in the room.

Add mirrors

Install larger – and more – mirrors than you typically would in a bathroom. The reflected light will open your small space into one that feels more spacious.

Streamline storage

Keep all storage as flush with the walls as possible, because anything that sticks out will chop up the space and close it in. Install recessed shelving and medicine cabinets instead.

Eliminate clutter

Nothing crowds a space faster than clutter. A good rule of thumb: If you don't need it there, store it elsewhere. Pare what you keep in the bathroom down to the bare necessities.

Raise the bar

Raise your shower curtain bar all the way to the ceiling — it'll draw your eyes up and make the ceiling seem taller, creating the illusion of a larger space. The same goes for any window treatments. Raising sheer curtain panels to the ceiling also creates the illusion of a larger window, making the small bathroom seem larger.

Hide the bathmat

Having a bathmat on the floor all the time can make your bathroom feel smaller. Put your bathmats away when you're not using them to expose the flooring and make the space appear larger.

Install a sliding door

Swinging doors can take up almost half the room, depending on how small the space is. A sliding barn door or a pocket door won't encroach on your bathroom's already limited real estate.

Think pedestal sink

The added bulk of a full vanity takes up valuable space, so try a pedestal sink instead. You may not have a place for soaps or towels on the vanity, but there are plenty of wall-mounted solutions perfect for bathroom accessories.

Choose light-colored flooring

Even if your walls and ceiling are light and bright, a dark floor will negate their effect and close the space in. Keep the flooring light to create a space with a bright and open flow.

Go frameless, clear and cohesive in the shower

Clear glass shower doors make the room appear larger, while frosted glass breaks up the space and makes it seem smaller. The same goes for a frame around the glass. A frame can make the area seem choppy rather than smooth and open.

Book a free consultation today. Get the Interior Design Ideas for your residential and commercial by our experts at Onyx Services.

For any kind of Home Maintenance Services in Chennai, Call +91 99419 22001 and get best rates for your property.

Reasons to buy a Property in and around Chennai

2018-02-28T22:31:00+00:00

Chennai, the capital of Tamilnadu formerly known as "Madras" is known as the "Gateway of South India" due its multiculturalism. It is well known as the Cultural Capital of South India as it is the third most visited city in India by international tourists according to Euro monitor International. It is located along the coastal regions of Bay of Bengal.

With a tropical climate and its passion for classical music. Of course, the famous Marina Beach is the India's longest and the world's second longest beach. Apart from the famous typical south Indian food; idly, dosa and the filter coffee, there are many reasons why Chennai is the most ideal place to invest in real estate.

However, let's look at the top 5 reasons to buy a property in Chennai.

Good Connectivity & Accessibility
Quality Education & Immense Job Opportunities
Affordability & Reasonability
Multi-Cultural & Safe
Excellent Infrastructure & Entertainment

Chennai has always been a promising real estate market for both buyers and builders. Over the last decade, the scenario has truly evolved. Investors who were once satisfied in putting their money into mid size projects with little or no amenities, are now looking at large townships with a range of top notch amenities. Thanks to the sky rocketing prices of land within the city, residential developers are forced to offer basic apartments in the range of Rs. 1.5 – 5 crores. Developers who want to sell at an affordable price are forced to look at suburban locations. Builders are increasingly catering more to client's needs. Upcoming township projects have minimal built up area and increased land space. The proximity of these communities to different workplaces has drastically cut down on travel time, thereby paving the way for a better quality of life. Despite its ups and downs, the real estate market has been doing well for itself. With unique and differentiated projects and irresistible deals, investors are indeed spoilt for choice.

Onyx Realtors is an Real Estate Developer and Property Management Company in Chennai offers well developed Plots and Independent Villas for Sale in Chennai and Kodaikanal within your budget. Call Now +91 99419 22001 and get best offers.

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Why Real Estate Is a Great Investment in Kodaikanal

2017-10-24T02:30:00+00:00

Residential properties in cities are becoming quite expensive now, so people are looking for properties at places near metro cities or on hill stations like kodaikanal – Queen of Hill stations.

If you ever dream of having a property at a place close to nature and covered with Green Valley, then you must invest in hilly areas. People are seen investing freely in holiday homes. It is a great investment opportunity as people are demanding properties at such places where they can take a break from the fast moving life.

Owning a holiday home is not simply becoming a status symbol but way more than that. In the list of hill stations, Kodaikanal has been seen as an emerging hill station that has been attracting lots of investments recently.

There are some reasons that make Kodaikanal popular among the investors.

One of the main factors while deciding a place for property investment is the financial strain among the investors. Since, the price of land properties is much cheaper here; it will result in less financial burden on them. This makes the place favourite among the investors for investment.

What are the benefit investors gets from investing here in kodaikanal?

Investment made in a property never gets waste. Since, Kodaikanal – Green Valley has large number of visitors throughout the year; the investor can easily rent his property as Home Stay to the visitors when not in use. This will make the investment option an attractive one as it will also serve as a good income source too. The income derived from Home Stay can increase in the peak seasons. This will ensure a high return on investment as the rent will be higher than the cost of land. All these points certainly come as big positive points for choosing kodaikanal for investment purpose.

Resale Perspective:
Due to the increased tourism, kodaikanal has vast development in the recent years, which can be confirmed from its local residents too. The fast paced development has not only made kodaikanal favourite among the investors but also improved the resale value of properties to a great extent.

Onyx Realtors is an Real Estate Developer and Property Management Company in Chennai offers well developed Plots and Independent Villas for Sale in Chennai and Kodaikanal within your budget. Call Now +91 99419 22001 and get best offers.

Looking for Villas for sale in Kodaikanal? Onyx Realtors offers well developed Plots for sale in Kodaikanal.

Tips To Harvest Rainwater In Your Home

2017-01-09T21:30:00+00:00

Onyx Services is your one-stop destination for all your property needs in chennai. We provide top-notch utility and maintenance solutions for your home.

Rain Barrel
In urban areas the rain water from roof tops are generally directed towards a wastage management system. By directing the water towards a barrel one can store the rain water and use it for future purposes. A rain barrel can be easily made with everyday household items. An old drum, bucket can be used as a storage unit. It can be linked to a pipe fitted from rooftop to collect rainwater. One has to take care that the barrel has a tight-fitting top to it so that it does not become breeding ground for mosquitoes.

Splash Block
Setting up a pit stop or a splash block to divert the flowing rainwater from rooftop pipes to structure's foundation. It is usually a piece of concrete or plastic of rectangular shape placed below or at the end of the downspout. The rainwater from the roof is diverted with a splash block which can enhance a garden around it and will also prevents holes from being dug in the garden due to the eroding force of the pouring water.

Create a Rain Garden
Water from roof top can be directed towards a small garden which has a sunken landscape. The garden can be of native plants (which grow on their own and not cultivated) with local soil. Such gardens are called rain garden and they are usually submerged. This process helps in removing pollutants from the water and allows it to percolate into the ground.

Rain Saucer
Apart from collecting water from roof tops, a simple preparation can help one in harvesting the rain water. A small storage container (can be anything from a bucket to a drum etc) and two big funnels and some PVC pipes. The funnels can be connected via two PVCs (at least five feet above the ground) routing to the storage unit. This process is called the rain saucer and can be easily made in household.

For any kind of Home Maintenance Services in Chennai, Call +91 99419 22001 and get best rates for your property.

Interior Design Tips To Impress Guests Instantly

2016-12-01T00:30:00+00:00

Book a free consultation today. Get the Interior Design Ideas for your residential and commercial by our experts at Onyx Services.

Hang Fascinating Pendant Lights:

Your lighting could either make or break your interior design even if it's done well. If you wish to amaze your guests with amazing interior design, make sure to choose the right lighting. If you have a modern home interior, pendant lamps would be the best option you can have. In terms of pendant lights, guarantee to select something with an unusual and extraordinary design that can grab the attention of the guests and can stimulate focus upward.

Add Eye-Catching Shine:

One of the most impeccable interior design ideas that you can apply to your home is to add eye-catching shine, such as crystal accessories, bronze furniture, or decorative pieces made of brass or stainless steel. These impressive interior design ideas will leave your guests inspired the moment they step through your door.

Decor with massive Plants / Florals:

Plants are a great way to make your home to stand out. Arrange a couple of large plants in the hallway or place them in your living room.
What's great about having plants is the fact that they are not very expensive yet they are one of the best things to use if you are searching for something that can step up your interior design even if you're on a tight budget.

Add Wallpaper:

Wallpaper is increasingly becoming a trend requested often. To impress your guests, decorate an accent wall with wallpapers that have attractive and unusual patterns, color and designs.

Install Hardwood Floors:

By installing stylish and sleek hardwood flooring – it makes your home go to the next level. The impact of this classic flooring style is not only gorgeous, but is certain to increase the value of your home.

Book a free consultation today. Get the Interior Design Ideas for your residential and commercial by our experts at Onyx Services.

For any kind of Home Maintenance Services in Chennai, Call +91 99419 22001 and get best rates for your property.

Important Things to Ensure Before Investing In A Plot

2016-03-31T23:08:00+00:00

When it comes to Investing in a residential plot, land is the most preferred form of property. However, when buying a land it is important things to keep certain factors in mind. Moreover check the location of your residential plots offer healthy returns on investment and appreciate better in terms of value than other properties.

However, investing in a residential plot is not a risk-free proposition, and it is easy to go wrong with the investment if one does not think through the decision carefully.

Here are some important things to consider before investing in residential plot:

Title Deed: If you want undisputed legal ownership on land for sale, you must insist on a clear title. Whether it is an agricultural land, residential plot or a commercial investment plot, always make sure that there are no unclear deeds. Any deeds where the transfer of the land to you is questionable must be addressed, well in advance. It would help if you can consult a lawyer over the title deed.

Local Approvals: Check and ensure that local authorities have given the all-clear on the plot of land.

Pick a Good Location: Plots of land that are removed from the developed parts of the city can be luring because of the affordability. However, it is essential to make sure that the residential plot is well connected to the key parts of the city with developed infrastructure. This will benefit you in more ways than one.

Go With a Trusted Developer:Ensure that you invest in a residential plot on sale by a reputed real estate developer. This is the best way to avoid property frauds.

Onyx Realtors is an Real Estate Developer and Property Management Company in Chennai offers well developed Plots and Independent Villas for Sale in Chennai and Kodaikanal within your budget. Call Now +91 99419 22001 and get best offers.

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Advantages of living in a Villa

2016-01-13T21:00:00+00:00

Different people have different aspirations and each person has their own set of needs pertaining to which different types of home suit them. While some prefer living in an apartment because of certain benefits that come with it, some others prefer the niche living experience that a villa provides. Here are some of the advantages of living in a villa that you might want to consider before zeroing in on the kind of home that you would like to invest in.

A statement of a comfortable lifestyle

A villa with a private garden or deck, speaks volumes about a person's lifestyle. Every home is a home owner's reflection of a life they lead. Villas to a certain extent are a symbol of luxury, sophistication and an exclusive lifestyle.

Privacy

If you are weary of prying eyes and nosy neighbours- then opting for a villa is a great alternate. You can enjoy the perks and amenities of community housing while maintaining a private lifestyle.

Exclusivity

No shared walls, no shared water supply-villas come with an exclusivity that is not seen in apartments. You can control the usage of water and other essentials without having to worry about your fellow residents.

A well suited neighbourhood

If you opt for a villa in an exclusive housing community, you can be assured that you and your children can have access to a niche group of fellow residents. It could be a mix of likeminded people and people from similar walks of life, making it easier to socialise and enjoy a good and cordial relationship with one's fellow residents.

Amenities

Most villa communities are lush with high end amenities and facilities. They come with security and round the clock maintenance giving one the opportunity to enjoy the perks of community living.

Landscape and nature

Most villa communities come with beautiful and serene landscaped areas, dedicated play areas and other natural recreational spaces giving one the opportunity to thrive amidst the goodness of nature.

Freedom to design

Each villa community comes with its own set of guidelines when it comes to design. Some prefer to keep a uniform exterior, while giving you full flexibility to design your interiors as per your choice, some others provide you with complete liberty to design your home as per your desire- both the interior and the exterior. Overall, villas give you a lot more freedom to design your own space as compared to Apartment living.

Pet friendly

Villas are more spacious with access to your private open space making it pet friendly. Your pets will have more access to the outdoors and have more liberty as compared to apartments where there may be stricter guidelines with respect to having pets.

A sense of belonging

You can enjoy a cup of coffee in your balcony or just laze around without eyes prying on you. You can truly belong in your space and use it in a carefree manner.

An investment

Villas make for a great investment. These spacious abodes often come with a great appreciation value over a period of time. The land value is soaring by leaps and bounds and so this turns out to be one of the best investment options as well.

Private open space

More often than not, villas come with their own open space that you can convert into your private garden. If you are a gardening enthusiast, a villa is a great opportunity to have your own garden.

Private terrace

You will have access to your private terrace that you can use for multiple purposes. It could be your party deck, terrace garden, bar or even as a wash and utility space. Having your own terrace space gives you a lot of freedom to put it to varied use.

Convenience to redecorate

If you need to renovate or redecorate your home, you can do so with a lot more ease to your villa as compared to an apartment. It causes less inconvenience to your fellow residents and as there are no shared walls, it gives you more flexibility.

Adding space

Some villa projects allow you more flexibility than others. You can add more rooms to your home, construct vertically and enlarge your home to accommodate the growing needs of your family.

Go eco-friendly

More and more people are realizing the importance of making their homes more eco-friendly. Having your own villa will allow you to harvest rainwater, opt for solar energy etc. It is a great opportunity to not only make your home more economic but also set an example of how you can use natural resources to their maximum.

Onyx Realtors is an Real Estate Developer and Property Management Company in Chennai offers well developed Plots and Independent Villas for Sale in Chennai and Kodaikanal within your budget. Call Now +91 99419 22001 and get best offers.

Looking for Property For Sale in Kodaikanal? Onyx Realtors offers well developed Villas For Sale in Padappai.

Pradhan Mantri Awas Yojana (PMAY)

2015-07-24T21:48:00+00:00

Pradhan Mantri Awas Yojana (PMAY) is a government home loan scheme introduced in June 2015 with a vision to boost affordable housing. PMAY Scheme was launched by Prime Minister Narendra Modi, it aims to provide over 2 crore affordable housing with water connection, toilet facilities and 24*7 power supply to eligible families/beneficiaries by March 31, 2022.

"Housing for All" Mission for urban area has been implemented with effect from 17.06.2015 to provide central assistance to implementing agencies. The Credit Linked Subsidy Scheme is being offered under this mission.

For Middle Income Group(MIG), the interest subsidy will be provided on housing loans for acquisition/construction of houses (including repurchase).

For Economically Weaker Section(EWS)/Lower Income Group(LIG), the interest subsidy will be provided on housing loans for acquisition, construction of house. The Credit Linked subsidy would also be available for home loan availed for new construction and addition of rooms, kitchen, toilet etc. to existing dwellings as incremental housing.

The interest subsidy benefit will be upfront on the principal outstanding.

The availability and amount of interest subsidy is subject to meeting income criteria as per various categories under the scheme.

Official Website – https://pmaymis.gov.in/
Launch Date – 25th June 2015
Expected Completion – By 2022
Toll Free Number – 1800-11-6163
Office Address – Pradhan Mantri Awas Yojana, Ministry of Housing and Urban Affairs Nirman Bhawan, New Delhi-110011.

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