Jayesh Dave MD Jayraj Builders Lists Things To Avoid While Purchasing a Property

Source: TopTen.com

Buying a home is a once in a lifetime decision for many people. The decision comes with it a long-term liability and responsibility. A wrong decision can land you in a lot of psychological and financial distress. Jayraj Builders, Vadodara therefore advises you to do complete financial analysis and research before making your final decision.
Here are top 10 things that you must AVOID while purchasing your dream home:

Table of content

1. Not knowing what you want

2. Not fixing your budget

3. Keeping your options limited

4. Getting obsessed with the ready-to-shift units

5. Not getting your home loan pre-approved

6. Not planning about your family’s growth in future

7. Low-down payment

8. Avoid Bad negotiation

9. Not inspecting the home before moving in

10. Not reading the contract properly

1.Not knowing what you want:

Before you go out into market searching for your house, make sure that you decide the kind of property that best suits you. For instance, you should plan how many bathrooms and bedrooms you need or the must have features you want in the property.

2.Not fixing your budget:

You are advised to set your budget before you go to the market looking for a property. There are several expenses that incur apart from EMIs and down payment. Registration charges, property and other taxes, etc, are some of the expenses for which you should prepare yourself before purchasing your dream home.

3.Keeping your options limited:

People often make decisions in fear of losing good home deals and end up in a web of problems. Thus, it becomes important for you to fix meetings with some of the brokers to survey the properties you are considering. You are definitely going to find a better alternative.

4.Getting obsessed with the ready-to-shift units:

To evade paying rent and EMIs simultaneously, some people get obsessed with ready-to-shift units. In many cases you will find that under-construction properties offer better options in terms of cost, amenities, location and liveable space. Paying monthly rent along with the EMIs simultaneously for two or more years for long term benefit isn’t a bad idea.

5. Not getting your home loan pre-approved:

You are advised to get your home loan pre-approved before entering the realty market as the owners and developers want a proof of your purchasing capacity. This would also help you in assessing your loan repayment potential.

6. Not planning about your family’s growth in future:

While purchasing your home you must consider the current and future size of the family. You are advised to consider the space if you are planning to expand your family in future.

7.Low-down payment:

Lower the down payment, more will be the principle loan amount and hence more will be the interest burden on you. So, try to make maximum down payment to decrease your burden to an extent.

8.Avoid Bad negotiation :

You should be aware about the estimate rate of the property. Good negotiation doesn’t mean that you will make a low-ball offer, but aim for a reasonable price. If the price can’t be reduced then go for one of the widely practised tactics – ask for certain add-ons and upgrades in the property.

9.Not inspecting the home before moving in:

The property you are going to buy may appear perfect, but it is always advised to take a closer look before giving final thumbs up to the deal and signing papers. You must check the property room by room and look for any deviance from the layout plan, which should be informed to the developer as soon as possible.

10.Not reading the contract properly:

It is always advised to read the contract properly before signing the documents. People often ignore the last clauses of the contract and usually end up in getting into endless battles due to unethical contracts that trap the buyer into the cycle of troubles.
The house you will buy is going to be your home for years to come. Avoiding the above-mentioned things will make your life much easier and trouble free.
Click here to know more about things to consider while purchasing a commercial property.

Tier II and Tier III cities hold enormous potential for realty sector

Jayesh Dave has emerged as one of the few developers that understand the geography of Tier II cities the best.

The demand fundamentals of the Indian realty sector are now focused on all the cities that have sufficient economic activity, be it industrial, service sector-driven or incentive-driven schemes by the state governments. In this scenario, Tier II and Tier III cities have made their mark as potential realty hubs of the nation.

For Gujarat, which has seen considerable industrial progress, key cities of Surat and Vadodara readily flash across the mind when it comes to the realty boost the state’s Tier II and Tier III cities have been receiving.  These cities represent a great story, especially in terms of affordable housing for industrial workforces.

These are locations where the strength of regional players comes into play. There is at least one strong developer in every region. For instance, in Vadodara, Jayraj Builders is a powerful name. Led by the vision of its founder Jayesh Dave, Jayraj Builders has demonstrated that it understands the geography of Vadodara the best.

The success of Jayraj Builders in catapulting the real estate sector of Vadodara to new heights has inspired other developers from outside the region. According to the company’s founder and MD Jayesh Dave, Tier II and Tier III cities hold enormous potential with respect to realty sector.
“We (Jayraj Builders) entered the business with projects in Mumbai. However, we shifted our base to Vadodara upon realizing the development opportunities the Banyan City offered being a Tier II city. Once the fundamentals of an area’s demand are captured sufficiently and the markets are sanitised in terms of financial market stabilisation, Tier II and Tier III cities turn out to be better bets than Metros,” says Jayesh Dave.

The surge in property demand in cities other than the Metros is a trend not limited to Gujarat. Pantnagar and Rudrapur in Uttarakhand; Pune, Nashik and Nagpur in Maharashtra; Baddi in Himachal Pradesh; and Visakhapatnam, Coimbatore and Kochi in the South are some noteworthy examples of how residential and commercial developers are meeting success in creating unconventional realty hubs, thanks to proactive government policies and growing investor interest.
Developers are now positioning their projects close to industrial hubs, targeting a totally different price segment and making the most of it. In the next one or two years, these realtors are expected to have realigned their strategies sufficiently to leverage the potential of Tier II and Tier III cities.

Source: Leader Biography

10 things to consider while purchasing a commercial property

The idea of moving your business into a new commercial space is an exciting one. However, it’s only half the battle. Jayesh Dave, MD of Jayraj builders Vadodara, lists a few important factors that must be considered before making a commercial real estate purchase:

Table of content

1. Location

2. Budget

3. Physical condition of the property

4. Property and its allowable purposes

5. Limitations to modify

6. Availability of support services

7. Infrastructure and neighbourhood

8. Take into account your deposit

9. Think with your head, not your heart

10. Hidden Costs

1.Location:

It is very important to consider distance from end user & suppliers. The business must be accessible to the end user to be successful. Also, connectivity via road, rail or water transport is required to run the business successfully.

2.Budget:

According to Jayraj Builders MD Jayesh Dave, it is critical for the investor to lay down the budget allocation towards the property cost amongst all other business related transactions. “This also helps in easy selection of the commercial property amongst the available options,” says Jayesh Dave

3.Physical condition of the property:

How the property was used before your purchase is an important thing to know about. This gives an idea of wear and tear the property in question must have gone through and what kind of repairs it might need in the future.

4.Property and its allowable purposes:

Every kind of business would put the property to a different purpose. For example, a CA firm would need an office space whereas a factory owner or a manufacturer would put property to industrial uses. Thus, it becomes critical to know the lawful use that the property can be put to before finalizing.

5. Limitations to modify:

Based upon the applicable laws properties have, there are restrictions on modifying the exteriors of interiors of the property. Jayesh Dave suggests studying the laws in detail and being clear of your requirements.

6. Availability of support services:

Services like parking, lift, security, etc. must also be paid heed to while finalizing the commercial real estate. If available, these services not only help in running the business successfully but also contributes to the resale value or determine a better rental in the future.

7.Infrastructure and neighbourhood:

Infrastructure development in the area affects the property value to a great extent – both positively and negatively. Developments like railway line construction might affect the value of your property value, suggests Jayraj Builders Vadodara MD Jayesh Dave.

8.Take into account your deposit:

Several businesses find it easy to ignore that they might need to place down a large deposit amount. It is important to think about how much money you have available, and whether or not you would be able to put down a substantial deposit.

9.Think with your head, not your heart:

It is vital to be rational while making a property purchase. Don’t just jump head-first into buying a commercial property without having done your fair share of research and considering other options

10.Hidden Costs:

Several properties have certain hidden costs associated with running and maintenance of the property. These potential costs must be estimated in advance and discussed in the contract itself before sealing the deal, suggests Jayesh Dave.


Got any queries? Let us know in the comments section!

 
Source: TopTen

Tips by Jayraj Builders That Make Your Home Appear Big

Everyone wants a bigger, more comfortable home. Ever wondered how can your tiny nest be transformed into a spacious home? With latest advancements in interior design, this seemingly impossible task has become possible. Interior design experts at Jayraj Builders Vadodara have come up with some marvelous ways to create some extra space in smaller homes.

• Keep it minimal

If you live in a rented house or cannot afford to remodel your house, you can pull out some extra space by moving the junk out. There so much stuff crammed in our homes that we seldom use. Keep only the stuff that you really need and donate or sell the extra stuff. A tidy arrangement of the things that are left would make your home appear more spacious than ever.

• Let there be light…

Lighting plays a very important role in the overall appearance of a room. In order to make your home look bigger, you can try removing the blinds and letting the sunshine do its magic. According to interior experts at Jayraj Builders, natural light tends to brighten up the surroundings, making a room look bigger. Alternatively, you could use indoor lights to create an optical illusion of a room being bigger than it actually is. Light colored wallpapers and paints also do the trick.

• Fold it up!

To create some extra space in your not-so-big apartment, you can replace your conventional beds and sofas into those which could be folded and transformed into something that takes up a tad less space. A bed that folds up and poses as a wall, racks that could be folded up into blinds, or a sofa that could be folded and transformed into a bunk bed are some of the options available.

• Perfect fit

Another way to free up some space in your home is to use pieces of furniture that could fit into each other, suggest interior design specialists at Jayraj Builders. A set of chairs that could fit up into one unit or a tea table that could fit with its chairs in the shape of a cocoon are some of the examples.

Have another space-saving idea? Let us know.
Source: Horizon Cottages

Award-Winning Structures By Jayraj Builders That Took Vadodara’s Realty Sector To New Heights

Vadodara has emerged as a prominent hub for real estate investments in Gujarat over the last two decades. Its geographical location as well as the legend of sage Vishwamitra’s boon are widely believed to be the chief factors behind the Banyan city’s prosperity. However, the work of prominent builders in the city like Jayraj Builders, which gradually catapulted the realty scenario of Vadodara, is often overlooked while assessing the progress of the city.

Jayraj Builders Vadodara stands apart from the other real estate players owing to the project quality and client satisfaction index. Under the leadership of its founder Jayesh Dave, the developer has earned several awards and accolades for its residential as well as commercial projects. Here are some of their award-winning structures that substantially raised the standards of construction in Vadodara.

Take a look:

• Blue Chip

Located near Baroda Stock Exchange (Sayaji Gunj), Blue Chip is one of the best-selling projects by Jayesh Dave’s Jayraj Group. The semi-circular commercial complex comprises of shops and offices, and is seven-storey high. The project boasts of glass lifts, wall to wall marble flooring and a central atrium. The project also won the National Award for the Best Commercial Project of the year 1999 by Indian Institute of Architecture.

• Aishwarya

Caressed by fresh breezes from the Arabian Sea and bathed in rich sunlight, Aishwarya is located in the elite Race Course area of Vadodara. The project offers an unhindered view of the surroundings with the complete absence of any tall structures in the vicinity of the project site.

For the architectural planning and layouts of houses within Aishwarya, Jayraj Group MD Jayesh Dave incorporated suggestions by the customers from their earlier projects. The project won National Award for the Best Residential Project of the year 2000 by Indian Institute of Architecture.

• Nisarg

Located off the Old Padra Road, adjoining the Vaccine Institute, Nisarg is another award-winning architectural marvel by Jayraj Builders Vadodara. Sporting ‘state of the art’ infrastructure and lush green surroundings, Nisarg is the recipient of National Award for the Best Residential Project of the year 1998 by Indian Institute of Architecture.

With the Ahmedabad-Mumbai bullet train project touching Vadodara, the city continues to expand its wings. The contribution of developers like Jayraj Builders to the city’s progress is invaluable.

Source: Indian Property Journal

Jayraj Builders Vadodara Explains some Commonly used Real Estate Terms

If you are looking for investing in real estate for the first time, you might have come across a lot of terms that would’ve left you confused. It’s only natural; however, it ought not to remain the same. Jayraj Builders Vadodara simplify some commonly used real estate terms for you. Take a look:

• Credit score

Credit score refers to your capability to repay the loan (home loan or any other) you plan to take on the basis of your salary, financial strength, bank statements, and background check. A good credit score makes it easier to get the loan application approved.

• Real Estate Broker

Though often confused with one another, there exists a major difference between a broker and an agent, quip realty experts from Jayraj Builders Vadodara. While the latter is equipped with a real estate license that allows them to assist in property associated matters like buying and selling, it is the former that has qualified the state’s broker exam and has a certain number of successful deals as feathers to their hat.

• Lease Agreement

Lease Agreement is a legally binding contract between the landlord and tenant that specifies the details associated with the deal, such as the details of both parties, rent payable, monthly bifurcation, lease commencement and expiration date, security amount, etc. These terms are mutually agreed upon and signed by both the parties involved. Additional clauses can also be added as per discussion, suggests realty expert Jayesh Dave, founder and owner of Jayraj Builders Vadodara.

• Carpet Area  

Although this term has grown out of use lately, it remains undeniably the most important factor to consider while buying a residential property. Carpet area refers to the area that can be used by the resident to set up their home. It excludes the area covered by balconies, lobby, outer walls, etc. Note that built-up area factors in the area occupied by the aforementioned. Jayesh Dave founder of Jayraj Builders suggest buying the property based on carpet area only.

• Super built up area

As the name suggests, super built up area includes the carpet area along with the extra areas like stairs, lobby, balconies, lifts, etc. In other words, all the area that is ‘saleable’. This is also one of the major reasons why most developers decide the final cost on the basis of cost per square feet, quip realty expert Jayesh Dave from Jayraj Builders.

• Subletting

Subletting is a clause that allows the tenant in a property to rent a part (say, a spare bedroom) to an outsider, or sub-tenant, and take the rent from them for that area, without the involvement of the property owner. However, if done without the knowledge of owner, this can lead to immediate action of vacating the property, suggests Jayraj Builders.

Any other real estate term you need to be explained? Let us know in the comments section!

Source: Horizon Cottages  

Jayraj Builders Review: How I found my dream home in Vadodara

When it came to buying my dream house, I always had a specific idea in my mind. My idea of a dream home was pretty simple – a home with hut shape and a balcony. I always wished for a duplex house with a swing on terrace. I also like greenery a lot so I want to have mini garden on the terrace which would provide fresh air.

In addition to these pretty basic things, I also dreamt of having a rocking chair which I would place in my balcony and can have meaningful talk with my partner while sitting on that. I always wanted my family to eat together so I also wanted a small dining table with an open kitchen.

But that was it for me. After all, dream homes are just ‘dreams’, and dreams seldom come true. However, I found my dream realized when I visited Aishwarya by Jayraj Builders Vadodara.

Standing true to its name, Aishwarya indeed was an embodiment of luxury combined with simplicity.
Aishwarya is caressed by fresh breezes from the Arabian Sea and bathed in rich sunlight, and is located in the elite Race Course are of Vadodara. The project offers an unhindered view of the surroundings with the complete absence of any tall structures in the vicinity of the project site.

The luxury living project by Jayraj Builders comes with 80 per cent open space, of which 35 per cent is gardens. The 20 per cent space which has been utilized for construction houses the residential structures which provide the inhabitants with a premium experience.

Be it the design of the apartments, or the unrestricted view of the surroundings – it was love at first sight for me when I visited Aishwarya with a prospect to book an apartment. The open terraces, spacious apartments and stimulating gardens at the front – all fitted to my idea of a dream home.
I knew that this is it – my dream home.

I feel thankful to Jayraj Builders for giving me my dream home.