What millennials are actually looking for in their home?

The millennial life is fast. Made up of people born between the years 1980-1995, this generation (also referred to as “Gen Y”) is currently the largest generation in history. It is self-confident, technologically sound, aware, educated, and socially connected. However, never has a generation bewildered marketers and realtors with their habits.

What’s surprising, however, is that for a generation that has been deemed “entitled” constantly, millennials are astonishingly accommodative. They are ready to make sacrifices wherever necessary, as long as they have their convenience.

That said, how do the millennials prefer to live? What do they want in their home? How and where does the difference from Gen X strike? Gone are the days of expansive backyards, undulating lawns and gardens, and rustic features. It’s really simple – millennials want an easy blend of the following:

Affordability

Millennials save up for experiences, not assets. They’d rather spend money on travels than on a property or an automobile. So, one might wonder, how do you expect them to afford a home? That’s where the affordability factor comes in. Millennials are happy with mid-segment floor plans, as long as the property packs a bunch of modern features. This brings us to the next point.

Smart, contemporary features

Dedicated corners for “home offices”, large kitchens and hangout areas, fast internet services, remote security systems, and home automation are some of the many features that millennials prefer in their homes. So much so, that these features are often the deciding factors during assessment.

Tactical location

A home that’s closer to their workplace, and is replete with all conveniences of daily life, saves millennials ample time and gas. They want homes that are connected to the city, yet not within it. However, shopping malls, convenience stores, entertainment avenues, and an efficient road network tops their list of must-haves.

The millennial generation is smart enough to do their research, which is why, they take their time to zero in on a property that meets all their requirements. The real estate market is their new playground, and they’re no longer afraid to give it a go. After all, you can’t replace the feeling of owning a home, can you?

How is the customer eligible for PMAY scheme?

In a bid to address the glaring shortage of nearly 20 million housing units needed by the rural and urban poor in the country, the government’s revolutionary Pradhan Mantri Awaas Yojana (PMAY) was launched in the year 2015.

The scheme originally was meant to cover people in the economically weaker sections and low income groups, but now covers the mid-income group (MIG) as well.

In PMAY, the government will provide an interest subsidy ranging 3% to 6.5% on housing on loans ranging between Rs.6 lac to Rs.12 lac to people for a tenure of 20 years under credit link subsidy scheme (CLSS).

The highlight for anyone who dreams of owning a house, the PMAY reduces the cost of acquiring a home by upto Rs.2.3 lac.

The Eligibility Criteria

Any individual who wants to avail the scheme needs to meet the criteria set by the PMAY committee, and fall under one of the following groups –

1) Economically Weaker Section (EWS)

2) Low Income Group (LIG)

3) Middle Income Group 1 (MIG 1)

4) Middle Income Group 2 (MIG 2)

Every section has a different set of eligibility criteria to meet, details are as follows:

Economically Weaker Section (EWS): People who earn an annual household income upto Rs. 3 Lac per annum.

Low Income Group (LIG): People with a household income ranging between Rs. 3 Lac and 6 Lac per annum.

Middle Income Group (MIG1): People with a household income of upto Rs. 12 Lac per annum.

Middle Income Group (MIG2): People who earn an annual household income between Rs. 12 Lac and Rs. 18 Lac.

(Relevant proof of income needs to be provided)

For easy reference, please refer the following table of ‘’Credit Linked Subsidy Scheme’’ explained in a tabular format:
Source: CREDAI Maharashtra




Additionally, to avail a subsidised loan here’s a list of criteria that an applicant must meet:

• In order to avail benefits under this scheme, there should be no homes registered under the names of the applicant or any other family members. 
• The applicant of this special housing loan scheme must not avail any benefits of any other housing schemes offered by the government of India. 
• In case of husband and wife, wife needs to be co-owner in the house. 
• In case if senior citizen is present in the family then he/she should be one of the co-owner in the house. 

PMAY: Benefits to the Customer

• Unmarried earning child living with parents in a pucca house can also avail scheme 
• Person who has sold his house and currently does not own any properties can also avail the scheme 
• Even if project is not a PMAY scheme customers can avail scheme if they fall under the 4 categories 
• Depending upon the loan amount if customer has taken PMAY scheme his loan amount of PMAY limit will be charged on a subsidised rate of interest and rest of the loan amount will charged at actual rate of interest . 

The PMAY scheme has already helped thousands of individuals buy a home. With an aim to provide ‘’Housing for all’’, this initiative is a strategic step towards the development of India as a force to reckon with.

5 Reasons You’ll Love Coming Home to Vaastu Viva

People find serenity out in the fields, by the seashore and at hilltops. Discover the same tranquillity of nature, right in your home! The smart development by B.U.Bhandari Landmarks offers you 5 unbeatable reasons to love living at Vaastu Viva:

1. From hilltops to your rooftop

Discover the calm of a hilltop, on your rooftop unlike anywhere else in the vicinity – enjoy a host of lifestyle amenities such as a Jogging Track, Barbeque Area, Meditation and Yoga Deck, and Open Air Lounge and Party Area.

Sophisticated facilities that overlook the blissful yet vibrant cityscape.

Ready to be spoilt for choice?

2. Conveniences at your doorstep

At Vaastu Viva, we have taken care of your every need with an equally captivating array of ground amenities. Some of them include a charming Nana-Nani Park for the elderly, a Children’s Play Area for the little ones and a Gymnasium for you!

Now, you’ll never have to move out of your comfort zone to get the features you love.

There’s something for everyone!

3. Smart living spaces

Every apartment is optimally-designed with careful planning so your residence is ideally compact and spacious at the same time.

The convertible spaces are blessed with smart automation features for a comfortable lifestyle.

Vaastu Viva offers an eco-friendly and secure ambience.

Think smart, live smart!

4. Everything comes together at Wakad

Wakad, Pune’s favourite residential destination, is enveloped by a robust network of arterial roads, civic infrastructure and strong social infrastructure.

Live well-connected to Lonavala and Mumbai – in proximity to Hinjewadi, the most coveted IT hub. Just minutes away from key destinations such as Balewadi.

New-age living in a smart neighbourhood.

5. Convertible Spaces

When we say innovative living crafted for your comfort, we truly mean it. At Vaastu Viva you get the option of choosing adaptable furniture to suit your specific needs. Get the best out of your space without sacrificing your everyday convenience. And most of all, you shall never have to worry about design aesthetics anymore – these innovative interiors give your home an uber cool look.

Smart living beckons you to Vaastu Viva. Enjoy the perfect work-life balance, recreational amenities sprawled on rooftop as well as ground, proximity to the Pune-Mumbai Expressway and promising returns on investment..All this, in a prime locale of Pune.

At Vaastu Viva, you will find life and vitality at every bend – it’s an intelligent world of perfection. Want to explore 2 BHK residential flats in Wakad, Pune? Visit us at: http://www.bubhandarilandmarks.com/ongoingprojects/vaastu/

Vaastuvivaabcd MahaRERA Registration No.P52100004635 available at website:maharera.mahaonline.gov.in

Project by B U Bhandari Vaastu

Disclaimer:

This Perspective image may not be to the scale or may not represent actual facade/elevation.The details of windows,paints,elevationfeatures,landscaping, ground development,trees etc. in the perspective is an artist's impression and would be different to actual construction of building and development.Theviewers affirm that he/she has not taken his/her decision of purchase /booking by viewing this perspective.The company is not responsible for the action of the viewer's booking / purchasing a unit relying on this perspective. Locations are approximate as per Google Maps. All amenities are for A,B,C buildings only. 

To All Homebuyers - What Exactly is Smart Living?

As a homebuyer, you must’ve have come across the term ‘Smart-Living’ quite a few times. But do you know what exactly it comprises?

In this blog, we’ll go over all the aspects that constitute Smart Living and a Smart Home:

Smart Location

The Mantra of real estate is Location. Location. Location! Your address, in many ways, determines the course of your every-day life. If you have your workplace near your home, then there’s nothing like it!

Also, if you pick a location with lower real estate prices but having a good appreciation rate & great prospects for the future, then you’re making the smart choice!

Smart Amenities

We all take care of our homes, but a smart home can return this affection in many ways.

• First up: Your security
  A smart home can help keep a check on unwanted guests.Because the safety of your family is of paramount importance.
  
  

  

  
  
• Second: Fire safety
  Features like gas-leak detection, panic alarm, etc. are quite important in today’s day.
  
  

  

  
  
• Third: Sustainability
  A smart home optimizes the uses of resources like water & electricity and helps in reducing your bills. Features like rainwater harvesting & solar water heating are a good example of this. These features also help in leaving a smaller carbon footprint.
  
  

  

  
  
• Fourth: Fun & recreation
  You home must help you relax as well right? Amenities like sports facilities, jogging tracks, gymnasiums, parks are always a good thing to have in a development.
  
  Many developments have rooftop amenities! This way you can relax while enjoying the beautiful view of the cityscape. In fact, a development with rooftop amenities is an example of effective space management.
  
  

  

  
  

Smart Design

A smartly designed home maximizes the intake of fresh air & natural light, thus creating a pleasant living environment for you and your loved ones.

Convertible Homes

Also, smart homes allow you to do more with the space you have! This is done with convertible spaces. You can change the room to your requirements without sacrificing everyday convenience.

A Home Music-Studio

Convertible homes allows you to fit in your personal music studio!

A personalized library

More space for shelves & most importantly, your books!

The choices are endless!

Convertible spaces are the thing millennials truly need. Just like their many interests, these spaces have multiple utilities.

So there you go! These are the crucial factors that make a Smart Home.

Disclaimer:This Perspective image may not be to the scale or may not represent actual facade/elevation.The details of windows,paints,elevation features,landscaping, ground development,trees etc. in the perspective is an artist's impression and would be different to actual construction of building and development.The viewer’s affirm that he/she has not taken his/her decision of purchase /booking by viewing this perspective.The company is not responsible for the action of the viewer's booking / purchasing a unit relying on this perspective.

Top 5 Reasons to invest in Vaarsa N.A. Plots by B.U. Bhandari Landmarks

At B.U. Bhandari Landmarks, we take immense pride in bringing you premium residential & investment projects across top locations. 

Our latest endeavour is Vaarsa Highlands – premium N.A. plots nestled between the hills of Ambarwadi in Shirwal, 65 kilometres from Pune.

Here are 5 reasons why investing in this development makes perfect sense! 

1. Planned to perfection

‘Vaarsa’ means legacy - something that you leave behind for family & loved ones. This is why we’ve ensured what you own here, would be nothing short of perfect!  From being a thoughtful location, detailed layout to being equipped with several heritage-based activities – we’ve got everything in place to cultivate a sense of belonging, for you.

2. Ease of buying

• Choose from over 127 N.A. Plot-slots with an FSI of 1:1.4.
• There’s also 7/12 extract for each plot
• HDFC approved project. Loan facility available

3. A fast developing zone

In recent times, Shirwal has witnessed significant development at MIDC. This is one of the main reasons why this area is growing rapidly. Also, there are several production units & factories of many national & international companies. 

This has added great economic value to this location.

4. Beauty Galore!

Ambarwadi is a mesmerising village that’s a part of the Deccan Highland Territory. It is scenic, it is beautiful and a place where you can come to escape the grind of city-life!

5. A developer you can count on

With B.U. Bhandari Landmarks  you get to work with a business entity with a cumulative experience of nearly 100 years!

With Vaarsa N.A. Plots you get the classic B.U. Bhandari Landmarks treatment that includes highly responsive communication, clear-titles, on-time delivery and a transparent process!

So there you are! To know more about Vaarsa, visit the link below!

Explore Vaarsa

RERA Reg. No. - P52700004240; Available at Website: www.maharera.mahaonline.gov.in

Disclaimer: This Perspective image may not be to the scale or may not represent actual facade/elevation. The details of windows, paints, elevation features, landscaping, ground development, trees etc. in the perspective is an artist's impression and would be different to actual construction of building and development. The viewers affirm that he/she has not taken his/her decision of purchase /booking by viewing this perspective. The company is not responsible for the action of the viewer's booking / purchasing a unit relying on this perspective.

This is a project by B.U. Bhandari Landmarks and Bhimashankar Developers

The Benefits of Investing in N.A Plots

Investing in real estate is always a big decision! A large amount of money is involved, there are many players in the market & most importantly, there are different types of properties as well! You may be deciding between investing in different types of property, so here we’re going to outline the many benefits of investing in plots.

To find the perfect plot to invest in, one must know well about the location, the legalities and the rate. There are also quite a few benefits that one can derive from plot investments. Here’s a closer look at them:

Incredible Appreciation:

Land is a limited asset, and the demand for it will always be high, no matter what happens. This is one of the main reasons why land prices go up every year! A plot is land in its purest form, and if you happen to own a plot in an area rife with industrial or residential activity, then you will get exponential returns.

Easier Possession:

Possession of plots is bound by fewer constraints. For example, to get the possession of your apartment, you’ll have to wait for the construction to get over. In comparison, getting possession of a plot feels like a breeze.

Almost zero depreciation:

What many people fail to account for during the valuation of their properties are the depreciation costs of the building and related construction. Since there’s no construction in case of plots, you can expect no risk of depreciation.

Minimum Maintenance:

Just like the case for depreciation: since there’s no construction, there is barely any maintenance! Hence the upkeep is quite low.

This is why investing in the right plot is always a good idea! So if you’re looking for the right property investment, check out Vaarsa Highlands by B.U. Bhandari Landmarks in Shirwal – a rapidly developing industrial zone!

Explore Vaarsa Highlands

RERA Reg. No. - P52700004240; Available at Website: www.maharera.mahaonline.gov.in

Disclaimer - This Perspective image may not be to the scale or may not represent actual facade/elevation. The details of windows, paints, elevation features, landscaping, ground development, trees etc. in the perspective is an artist's impression and would be different to actual construction of building and development. The viewers affirm that he/she has not taken his/her decision of purchase /booking by viewing this perspective. The company is not responsible for the action of the viewer's booking / purchasing a unit relying on this perspective.

This is a project by B.U. Bhandari Landmarks and Bhimashankar Developers

5 Reasons Why You Should Stay in the Heart of Pune

They call Pune the pensioners’ paradise; the Oxford of the East, a city that loves its naps & its weather. Like a doting parent, this city has a habit of spoiling you, and Punekars will agree. In spite of its rising skyline & diverse multicultural population, Pune fiercely safeguards its rich history, culture & language. Just one of the reasons why Punekars have a notoriously powerful command over their Marathi!

Pune is truly cosmopolitan - an economic, cultural & lifestyle hub. It is peaceful yet industrious; it is clean yet colourful. Several new neighbourhoods have grown and flourished in Pune thanks to a bustling IT sector & educational opportunities, but the city-centre is still the most-preferred residential address thanks to its old-world charm.

If you’re a homebuyer, looking for a new place in Pune, here’s why the Heart of Pune is the perfect place for you & your loved ones:

1. Time moves slowly here

As mentioned before, the centre of Pune is a separate universe, with its own sense of time, pace & inhabitants. The leafy, canopy-laden areas of Erandwane, Fergusson College Road, Deccan Gymkhana draw out a feeling of belongingness.

2. It’s got everything you need!

Ask any Punekar; the city centre has everything you need! Some of the best hospitals in the country, some of the most renowned educational institutes, gourmet restaurants and much more! Coupled with well-laid out arterial roads and sound civic amenities,  it is a complete residential destination. 

3. Getting anywhere from here is easy

Some of the most important roads & avenues of Pune branch out from the city centre. The area is well connected to all the other important destinations of the city.

4. It has incredible aspirational value! 

Where we stay or where we belong, or in this case – our address, can be the source of our pride. The city-centre is without a doubt THE place to live in Pune!

5. A dream location to start a family

The heart of Pune is the cleanest, safest and also one of its most family-friendly locations! It is a world of convenience & comfort and starting a family here is an amazing privilege.

So there you go - we hope you liked reading about the beauty of this city! If you’re in search of a home, then take a look at Vasant –  Compact Luxury Homes by B.U. Bhandari Landmarks located at Law College Road, the heart of Pune! 

Explore Vasant