Category: Blog

Know your neighbourhood- Sasthamangalam

sasthamangalam - residential areas in trivandrum

Take any town across the globe and you will see certain areas that are demarcated as classy and upmarket locations. Sasthamangalam is one such location in Trivandrum. Close to the heart of the city and the home of the erstwhile ruling kings, this area is a bustling commercial place too. Offices, hospitals and schools dot the area – you also find old classy and elegant homes – along with tall apartment complexes aplenty at Sasthamangalam. Let’s see why investing in a home here will be beneficial to you in this upmarket location.

How close is it to the CBD?

As the saying goes, location is key to valuable real estate. When you pick Sasthamangalam as the location for your new home, you are investing in a property that offers easy accessibility and all the conveniences of the city life. Sasthamangalam is just 6 km from the railway station and about 3 km from the city centre.

The neighbourhood

Accessibility, convenience and amenities are the key factors to consider when you invest in a home. Sasthamangalam is located close to the city centre and is easily accessible from everywhere in the city. The location is flush with all urban amenities like grocery shops, hospitals, restaurants, schools and government offices.

The project

Prime Property Developers is one of the pioneering real estate developers that offers bespoke experiences in Trivandrum. The niche builder presents Urban Ville, a premium apartment project is located at Sasthamangalam junction, just a stone’s throw away from every convenience you can think of.

Urban Ville offers spacious and well-ventilated 3 BHK flats in two different sizes: 1930 sq ft and 2400 sq ft. What makes the project unique is that it has been structured to give you a functional use of each and every nook and corner of the home. Every bedroom is cross-ventilated and the bathroom layouts are spacious. Unlike standard apartments where small balconies are connected to every bedroom, each apartment at Urban Ville has a single large functional balcony that you can make the most of.

The fittings and materials used are top of the line. We also provide interior woodworks and electrical fittings at extra cost. The common amenities include an air-conditioned health club, large party hall with an open deck, mini rooftop party area, state of the art home theatre, children’s play area and swimming pool among others.

Your security is our primary concern and we have a biometric access control system, video door phones for each apartment and security cameras placed strategically in common areas. The project also houses a comprehensive rainwater harvesting system that will ensure that rainwater is stored and utilized efficiently.

Give us a call and schedule a site visit to Urban Ville. We have limited units available. Don’t miss the chance to stay in a property that is one of the best in the state.

Know Your Neighborhood – Vattappara

vattappara, trivandrum

Vattapara is one of those towns that pop out when you drive down the MC Road connecting Thiruvananthapuram to Kottayam. Once a sleepy little town, Vattapara has transformed and how. Situated just 15 km away from Trivandrum city, this town is famous for its quarries that supply more than three-quarters of the demand for the building materials of the capital city. And that is not all, as the capital city grows, Vattappara is just one of the outskirts that are becoming part of Trivandrum

Connectivity

Vattapara is on MC Road, just 15 km away from the city. And as distances go, it is not very far away nor is it congested. A breezy 20-minute drive will see you at Vattapara. The best way to reach is by road, and once the proposed ring road is commissioned, getting into the city, the airport, and the seaport will be a breeze.

A future-ready location

The easy accessibility and the development along this stretch is the main reason that Vattapara and the immediate surroundings are in focus with the real estate developers. The vast pockets of land available in the vicinity including Venkode will be the natural extension of the capital city around a few years from now.

A future-ready development

Prime Property Developers is one of the pioneering real estate developers that has recognized the growth potential of this town and invested in a unique project called Emerald Hills at Venkode near Vattapara. Emerald Hills, is the first layout development project near Venkode on the outskirts of the city. Situated on the slope of a hillock, this gated community is a pollution-free healthy living space. Developed on an 11-acre land pocket, this project contains 63 plots with each plot starting from 4.5 cents onwards. This project boasts of wide internal roads, water supply, and electricity connection to every plot. The project also has a wide array of common amenities. These include a basketball/ futsal court, a gymnasium, a clubhouse, and two play areas for kids. However, the builder does not undertake the construction of villas on these plots. They give you the total freedom to build the house of your dreams on this plot.

Proximity to offices and social infrastructure

Vattappara is not far away from the heart of the city. It is just 9 km from Kowdiar and 15 km from Technopark, the two major hubs in Trivandrum. The winding road just outside the city calms you down as you ride home after a tough day at work.

Local infrastructure around the society

Venkode is just a stone’s throw away from Vattapara town that boasts of schools, colleges – including professional colleges and hospitals for primary care. The place abounds in rustic charm as well – making it a great place to settle down.

Give us a call and schedule a site visit to Emerald Hills. We are sure that you will fall in love with the property.

All You Need to Know About Home Insurance

home insurance guide

Your home is your haven. Your permanent asset. And just like you would insure any other asset you need to insure your home too! Home insurance safeguards your home against unknown adversities that can bring you unexpected yet substantial financial losses. However, it is startling to find that there is just about 1% who are aware of these insurances! So what are the things you have to keep in mind when you go in for home insurance?

Who can get home insurance?

Any person – be it an owner or a tenant – who is a resident in India can avail of a home insurance policy. Here, the home includes a flat in an apartment complex too. Even organizations or firms owning property for residential purposes can avail of this insurance.

Why should I go in for a homeowners insurance?

In most cases, your home is an investment for a lifetime. And it has to be protected against any untoward incidents. When you invest in a home, you should ideally invest in a comprehensive home insurance policy to protect your dwelling in case of both natural and man-made damages, and safeguard your home against multiple calamities. You also have to ensure that when you invest in policy all events are covered under it.

What is covered?

Home insurance provides coverage against

  • Fire and allied natural perils
  • Burglary & theft

A person can also get additional cover for specific purposes like

  • Liability cover
  • Electrical or Mechanical Breakdown cover
  • Jewelry cover

Are there any exclusions?

Yes. These are the common exclusions.

  • Any existing damage which is already there before taking the policy
  • Loss caused due to any Illegal or intentional acts by the policyholder
  • Loss caused due to war or invasion, nuclear peril
  • Loss due to any government order or confiscation

Are there different types of property insurance policies?

There are different types of policies for homeowners. The most common ones are:

  • Standard Fire and Special Perils Policy
  • Home Structure/Building Insurance
  • Public Liability Coverage
  • Personal Accident
  • Contents Insurance
  • Burglary & Theft
  • Tenants’ Insurance
  • Landlords’ insurance

So, how does one fix the insurance amount?

There are two options:

  1. Based on the market value of the property
  2. Based on the reinstatement value

Do proper research before you decide on which one is ideal for your home.

So, what about maintenance?

Your responsibility as a homeowner does not end with getting property insurance. The insurance is just a cover, and you have to ensure you carry out everything including maintenance and other periodical repair works that you would normally do. This also means that you have to take all necessary precautions to prevent the losses even if you are insured.

What if you have a grievance?

The first thing to do is to contact your insurer. This can be done online or by dropping in. The insurer has to legally acknowledge your complaint within 3 working days and attempt to resolve the issue within 15 days. If you feel that the company has not addressed your grievance, you can raise an issue with the Insurance Regulatory and Development Authority of India (IRDAI).

Where does PPD chip in?

As a niche builder, we at Prime Property Developers can put you in touch with the best insurance companies. We also offer ample and sufficient help so that the processing of the insurance is hassle-free

5 Things to Keep in Mind Before Investing in Real Estate

Factors involved in Real Estate Investment

Investing in real estate is your gateway to a richer life. However, there are many risks involved. Here’s a look at the 5 top things to keep in mind before you take the plunge.

Don’t Let Your Emotions Play With You

There are two major types of investments that you can make in real estate. One is when you are buying that dream home where you will be spending the rest of lives and the second is when you are buying a home as an investment. Either way, you mustn’t fall for your emotions and make a bad investment. Investing in real estate is a major move that involves a huge amount of money. It is a major investment and you must negotiate for the best price.  This is where research comes in.

Do Your Research

When investing in real estate, you have to be very meticulous. Think logically. Know that location is the key. It is important to have an in-depth understanding of the neighbourhood and the infrastructure that is available and how you can earn an income from your investment if you are not planning to stay there as soon as you purchase it.  Once you have zeroed in on the location, do a careful check of the various builders and the properties available at the location you have picked. If you are investing in a flat, ask and figure out the total livable area – also known as the carpet area- that you will be investing in. The builders normally mention only the built-up area and the super-built up areas in the brochures. Opt for the best builder and the best available property that matches your budget. Do a thorough background check on the builder, and the title deeds before signing on the dotted line.

Documentation

Once you have zeroed in on the flat, the focus should shift to the paperwork. Ensure that the necessary paperwork is in place and if you do not understand the terms and conditions, get it verified by a professional. Check, and double-check the legal documents. Make sure that the project is not stuck in any kind of litigation. This is also the time to check the credibility of the builder one last time before you invest.

Consider Investment Options

Investing requires planning too. You have to calculate your finances, pay up your debts, and maintain a good credit score if you are thinking of a loan to fund your real estate investment. It is ideal to go for a loan option when you are making a major investment like that in the real estate sector.

Risk Factors

All said and done, real estate investments are safer than most other investments. However, it is not risk-free. Be prepared for this risk.

Bottomline

Weigh in the pros and cons properly and spend endless time in research before taking the plunge into real estate investment.

Importance of Rainwater Harvesting in Your House

Life depends on water, and the availability of water depends on you. Due to poor conservation techniques and mismanagement of the resource, we are on the brink of water scarcity. It is at this juncture that conserving rainwater has become a new mantra and rainwater harvesting a new catchword.

What is rainwater harvesting?

Rain is one of the best gifts bestowed by Mother Nature and all we have to do is save some for the future. In the earlier days, rainwater used to get collected in tanks or wells and thus replenish the groundwater. However, at this time of rapid urbanization, we have to think bigger. We have to adopt innovative techniques to modify the age-old practices and collect, store, purify, and utilize this rainwater to suit the demands of homes including multi-storied apartment complexes.

How to harvest rainwater?

Rainwater harvesting is a simple process and usually is a one-time investment that requires periodic maintenance. Before you get started, however, you have to factor in the quantum of rainfall in your area. Be it small or big, a rainwater harvesting process should ideally consist of a catchment area, a conveyance system, a flush, a filter, tanks, and recharge systems. You have to factor in the quantum of runoff, features of the catchment zone, and the capacity of the storage tanks according to your requirement and wait for the rain. Once it starts raining, this water is stored and you can utilize it according to your needs. From simple pipes leading from the roof to rain barrels to complicated systems like an underground storage tank, harvesting rainwater is a simple, yet systematic process.

Why should we conserve rainwater?

Rainwater harvesting, though simple has a lot of impacts and is highly beneficial to our daily lives. It is eco-friendly as well as economically rewarding. To harvest rainwater, all you have to do is invest in a one-time rainwater harvesting infrastructure. The rainwater can be collected and stored and utilized to meet the peak demands during summer months, making it a perfect primary backup water supply for emergencies. A well-structured rainwater harvesting system can reduce stormwater runoff from a property and be an effective method to meet your local area’s stormwater management program requirements. And more than anything else, collecting and using rainwater to replace municipal water use reduces your water bill considerably over a while.

With water scarcity being a major concern, it is about time we consider rainwater harvesting to meet our requirements. In addition to being a great way to conserve water, rainwater harvesting is a sustainable process. It promotes self-sufficiency and makes you an environmentally responsible citizen.

At Prime Property Developers, we believe in a sustainable model while being environmentally friendly. Our projects have been designed keeping in mind the changing socio-economic framework. We have accounted for rainwater harvesting units in our projects. Call us to know more about the eco-friendly and socially responsible elements we have added to our homes.  

Checklist for Maintenance of Your Home During Summer

Checklist for Maintenance of Your Home During Summer

The days are getting longer, and the sun is shining brighter. Summer’s here and there is no shying away from it. This summer, unlike the others, has been a tough one so far. As we stay indoors to #StopTheSpread of the deadly COVID 19 pandemic, it is all the more important to plan out a systematic checklist for keeping your home summer-ready. While some of the tasks in the checklist can be done easily, you will have to keep an eye out in the news to know when you can get the necessary support staff to do the other tasks.

Maintain Your Cooling System

It is mandatory that you run a check for your gadgets since the sudden temperature variations could affect their smooth functioning. The most important household item you have to monitor is the air conditioner. Proper air conditioner maintenance can help your AC last longer. You should also dust your ceiling fan blades and check their balance. You should also get your electrical gadgets checked. We at PPD help you to get this maintenance done on time while adhering to the rules set down by the government due to lockdown. 

Freshen Things Up

Do a thorough check inside and outside your home. See if you need to add a fresh coat of paint to your home. Do touch up if it is necessary. Invest in a few flowers to pep up your exteriors. When it is sunny and bright, let the sun inside your home. Remove the heavy curtains and opt for sheers to do up your home. 

It’s Time for Cleaning 

Since you have time at hand, do the cleaning you have been putting off for that longest period of time. Clean everything up, including the vents and exhaust ducts. Wash the windows and the screens, use a good disinfectant to clean up the home. It serves to keep the deadly COVID 19 virus at bay. Use this time to declutter your home too. 

Inspect The Exteriors

The summer showers throw up some challenges. It is mandatory that you clear the downspouts and the gutters because they can get clogged. You need to check the windows for leaks too. 

Bring Home Some Cheer

We are going through a tough time, but that does not mean that we should not have our special moments at home. Bring in some greens, dress up the windows in light sheer curtains and redo the interiors of your homes. Now is the best time!

The summer is long, but the winter is coming and it is important that all the work be done before the downpour begins.

How important is the Location for Buying a New Home

“Location, location, location” has been the mantra being chanted in real estate since at least 1926, but it’s still as relevant today as it was then. A good location means different things to different people. Some would argue that it’s the home that matters; and depending on your personal needs, the location might not be the top priority for you right now. However, when going house-hunting, do keep the following points in your mind to help you make a solid investment – after all, buying homes isn’t like buying your daily groceries!

Neighborhood – Most people are ready to pay more for homes that are located in safe, low-crime areas. Homes where the parents don’t have to worry about their kids walking back home alone. When buying a home, you also wouldn’t want to live in a place where there is a club or bar close-by for the public nuisance they create. Other things to check would be the presence of smoke-chugging industries or smelly canals or even waste dump sites nearby to your home. Aside from the chances of their polluting your water and air resources, they are a major threat to you and your family’s health.

Schools – Most people prefer homes where there are good schools and colleges in the locality. Such homes also have great resale value, as just like you, others too want to buy homes where there are good educational facilities for their children. The take-away point here is to buy the home with selling it in mind.

Facilities – Everyone wants to live in areas where they don’t have to go too far to access commonly-used facilities. After all, everyone wants to live close to a supermarket, a good hospital, a couple of trendy malls or cinema halls, restaurants, etc. And the closer the home is to the commercial center of the town or city, the better it is as the property’s value becomes dearer.

Transport – Another important feature to choosing a home is having adequate access to nearby transport facilities. A close-by bus stop or bus station, a not-too-far-away railway station or an airport are all features that add to the value of your property.

Finally, it’s always better to avoid buying homes too close to schools, hospitals or fire stations, as the consequent sirens and noises on a daily basis can become a bit of a pain to live with! Look for homes in open spaces and away from congested areas…

Special Points for the Buyer who has Resale in Mind

Blog About Resale - Prime Property Developers

One of the best ways of making the big bucks is by investing in real estate – as history has repeatedly shown this sector to be the most stable amongst the various forms of investments. Buying a home for the sole purpose of investment still means that you need to buy the home as if you are going to use it for yourself. Only this way will you be able to make a good choice of a property that will increase your wealth and make the property more resalable.

The first factor of course has to be the location. The house needs to be located in a good neighborhood, where it’s safe for kids to walk unescorted. No one wants to buy a home in an insecure area. The neighborhood should also be devoid of potential sources of noise pollution, waste dump sites or nearby smoke-emitting industries.

The locality should also include access to basic facilities to a nearby hospital, pharmacies, grocery shops, malls, cinema-halls, schools, etc. It should also be located in a place where you can easily access areas with numerous job opportunities. People want to live in places where they can have easy access to jobs as well as schools.

The property should also be situated in an area that’s still in its growing phase, such that with upcoming infrastructure and facilities, the cost of your investment will increase in its value over time. This is called capital growth, making buying at the right price critical. If you buy a relatively expensive property, you will have to wait that much longer to derive substantial benefits from it. However, do remember not to sell the property for the first three years at least as it’s considered short-term capital gains and can be taxed.

Before buying property for resale purposes, do make sure that you have enough liquid funds to carry on; you should have a steady income plus a nest egg tucked away for emergencies. A situation shouldn’t arise whereby you have to offload the property before its values have gone up sufficiently for you to make a killing on it.

Investment in property is a long-term scenario and you shouldn’t expect substantial gains within the first few years itself. In fact the longer you hold it, the more equity you build on it. And in the interim period, you can always rent it out and pay your loan EMIs with that. Gains all around!