Ashok Nandavanam

The home-buying process can be challenging for a person without any prior experience. This is because you need to consider a lot of factors before making your decision. Let us learn more about how to buy a house for the first time. 3 Advantages of a First-time Home Buyer Tax Benefits You can claim tax benefits on the principal amount and the interest on your home loan. However, there are certain limitations when you get a tax deduction because the cost of the house should be under a certain limit. Such government policies keep renewing so you can read about them while researching. Government Schemes The government of India has schemes like Pradhan Mantri Awas Yojana (PMAY) and Credit Linked Subsidy Scheme (CLSS) for people who wish to buy a house. These schemes can lower your monthly payments and reduce the burden of paying a big chunk of money at once. Lower Interest Rates Whether you are checking out plots in Mangadu , Thirumazhisai, Madhavaram or any other n...

Of all Indian cities, Chennai has been the epicentre of new ideas, innovation, and massive settlement. Chennai, a melting pot of Western and traditional cultures, is a hub of educational and employment opportunities. Its robust and vibrant economy, fuelled by manufacturing, auto, IT, and ITes corridors, has paved the way for growth in the real estate sector and persuaded citizens and foreigners alike to invest in plots and properties in the city and its surrounding areas.  However, buying a piece of land - though rewarding - can often be a tricky endeavour. Listed are several things to keep in mind while buying plots in Chennai. Construction Approval Two of the government authorities involved in the development of rural and urban areas in Chennai and its surrounding areas are DTCP (Directorate of Town & Country Planning) and CMDA (Chennai Metropolitan Development Authority). The sole purpose of both CMDA and DTCP is to regulate real estate in the city and its peripheral regions...

In India, the demand for vacant plots is growing day by day. Backed by a higher resale value, better ROI and reduced maintenance cost, plot investment has always been the perfect option for real estate investors. The simplicity and steadiness of buying the right piece of land at the right location can outweigh the issues with other types of real estate.  One of the most reliable forms of investment, plots can help people to build long-term assets and secure their future. Investing in  land for sale  in  Madhavaram , Chennai, or any other city ensures an abundance of financial security. Here are the top 3 advantages of buying or investing in plots or land . Low Initial Investment One of the biggest benefits of land investment is to have an easy entry price into the market. Often, new investors in the market struggle to purchase property in big cities, especially where property prices are higher than in other places in the country. Due to the reduced initial cost, even...

Investment in real estate means your chances of getting a profit are high. Those looking forward to buying a plot to construct a building need to get the project sanctioned by many local authorities. DTCP, or the Department of Town and Country Planning, is such an important local body whose permission is compulsory to execute any construction activity.  DTPC manages and supervises all town planning and development in India. The layout is developed according to the rules and strategies issued by the DTCP. Some parameters include the minimum size of the plot, essential services nearby, spacing between buildings, etc.  DTCP-approved plots in Thirumazhisai , Chennai and other cities ensure that your house is approved by them and conforms to their rules and regulations. Here is more about the DTCP-approved plots . What is DTCP? DTCP stands for Directorate of Town and Country Planning, a division that directs all town planning and development in India. To initiate large-scale re...

When you're looking to buy a property in Chennai, you're probably thinking about return on investment (ROI). There are several areas in Chennai that provide good value when it comes to property appreciation. Madhavaram in North Chennai is one such location that has recently developed as a significant real estate market. Madhavaram is one of the fastest developing property markets in North Chennai, with huge untapped potential in the next years. If you want to maximise the return on your property investment, Madhavaram is a fantastic option. Here are some of the reasons why Madhavaram is the perfect location for property appreciation. The Price Factor One of the main reasons people are attracted to Madhavaram is the affordable prices of its residences. Land for sale in Madhavaram provides a cost advantage of 20-30% when compared to homes in South and Central Chennai. This is a good incentive for individuals to invest in Madhavaram. If you want to increase the value of your pr...

Plots have always been one of the most preferred investment vehicles in India as they always give the owner great returns on the investment and add to the asset portfolio. A plot of land is like a blank sheet of paper which can either be used to construct a building later on or simply left as is to be sold later at a better price. As such, quite a few things need to be taken into consideration while buying a plot of land. Here’s an overview of the 5 key things that must be considered while buying a plot in Chennai. Location : This is perhaps the most important thing that must be taken into consideration while buying a plot. The plot that you buy can be in a suburb or the city centre, but it must be in an area that is well connected to the rest of the city. Also, it should be close to the IT hubs, educational institutions, hospitals and commercial places so people can easily access them as and when required. The location is so important as it also has a marked influence on the propert...