Evaluate Your Options When Planning To Purchase Your Dream House

With Dasara and Diwali right around the corner, potential buyers need to evaluate their options and undertake an informed decision when purchasing the house of their dreams during this festive season. During this festive period, buyers will have to pick the offer which they find attractive from many options. It’s not just property developers and builders who propose tempting offers, the banks to provide attractive deals on home loans. It is important for a potential customer to prioritize his options on exciting offers on the apartment and home loans and select the best deal which suits him/her.

Here are a few guidelines for potential home buyers to consider when they are making a purchase on a flat or a house during the festive period.

1. Identify your perfect house from evaluating multiple options: A buyer must be able to pick a house which he/she feels is perfect for him/her. He/she has to consider various factors such as the location of the house, the amenities that the flat provides when the flat will be ready to move in and most importantly the price. Once you, the potential buyer have made an informed decision ensure you meet the builders as soon as possible to finalize the deal, also make sure you are well informed on all the offers that arise during Diwali and Dasara.

2. Ensure your finances are in place: Make sure your finances and necessary paperwork are in order. You will have to make a down payment once the deal is closed. If you are considering approaching a bank for down payment make sure you are well updated on the EMI’s. A large down payment would mean a lower EMI.

3. Plan well ahead for the cost of interiors: You need to ensure you have a plan in mind on how the interior in your apartment should look like. Plan well in advance on how you dream house should look like. If you plan to purchase furniture early it will not only make your home purchase process smoother but also it will make repayment of your home loan much more convenient.

Aerospace Park in Bangalore Urged Not To Be Treated As a Real Estate Project

According to the head of UTC Aerospace Systems (UTAS), in Bangalore, the aerospace industry has the prospect to gain $20 billion in revenues over the next 10 to 15 years. This is possible provided the state government can encourage an ecosystem that pulls global companies.

Bangalore is considered to be the aerospace capital of India.

According to the VP of UTAS, the government needs to draw companies to invest here. It has been noted that the state has formed a 1,000-acre aerospace park near the Kempegowda International Airport Bengaluru. However, the project isn't pulling global tier I aerospace manufacturers. It is a known fact that Bangalore has the right talent pool. This talent pool has been cherished over the years by public sector enterprises like DRDO, ISRO and HAL. The VP stated that the government surges ahead about the project (Aerospace Park) by merely selling land parcels, then they would definitely not be giving rise to an ecosystem concept. He also stated further that in order to for the tier I companies to set up shop, an aerospace SEZ must have tier III and IV suppliers along with training and academic institutions.

He also laid stress on the fact that they were insisting the government to cultivate the park as an ecosystem. They were against the park being given to a real estate developer as they believed doing so would give rise to problems. Instead, the park must be given to an ecosystem developer.

He also stated that industry should invest in people and technology and not in infrastructure and land. Currently, the aerospace industry is focused in the US and Europe. China and India seem to be gaining increased attention what with majority of companies looking forward to expand outside of the given two markets. But given the fact that China has been facing issues over intellectual property rights, hence, aerospace companies are inclined towards India. UTAS gained a position in India with its global $19 billion purchase of Goodrich two years ago. UTAS produces lighting systems, evacuation slides, seating systems, cargo systems, integrated systems, electrical power systems and sensors for Boeing aircraft and Airbus.

He further stated that on an average around 60 percent of the global production of those products were done out of Bangalore. Moreover, UTAS employs approximately 2,000 people. It has also expanded its 700,000 sq. ft. facility which is situated in the IT hub of Whitefield. Apart from this, he added that they were looking forward to reach a stage wherein they can develop, design, support and manufacture products from India. Besides, there were many areas which needed attentions such as the design side, he stated.