Family factors which influence home buying decision


Family factors which influence home buying decision

By Evente Clinic

For most of us, buying a home is once in a lifetime event. It involves several social and emotional decisions that can influence the home buying process. It is a very big decision in our lives and hence we don’t want to take any second chance when finalizing our dream home. So how do we get sure?

We check with our friends and family.

Family plays an important role in most of our buying decisions. Our selections are based upon several important considerations, many of them influenced by our families and our roles in them. The influence of family remains on our buying decisions throughout our lives from the time we are kids to the time we become grandparents.

Traditionally, the big decisions in the house were always taken by the male in the family. However, Indian society has seen major changes especially now when most women are working and contributing equally to the household income, equal weightage is given to her decision as well.

Namrata Pandey, MD, Evente Clinic say, ‘The behavior of real estate consumers over the past decade has evolved due to various factors like economic change, education levels, increase in family income, change in values, and the growing number of working women.’

Let us start our discussion with the role of children in decision making. If one is going to buy a home when their children out small, they must take that into consideration. Even young couples, who do not yet have children, should consider this as an important factor. Medical facilities should be readily available, not only for children but also for other members of the family. Everyone will agree on the importance of good educational institutions is available. As a result, almost all the projects are giving importance to these primary needs.

The other factor which influences our home buying decision is our family culture. Are we going to live a nuclear family or a joint family? Lot changes when this dynamic comes into the picture. A joint family would need an independent house with more space to accommodate all the people while a nuclear family can easily make do with a 2BHK apartment or a smaller house.

The other factor is who has a major say in the buying decision. Is it a male or female member of the family? Men tend to make quicker decisions with lesser influence from others. On the other hand, women are more prone to negotiations and try to cater to everybody’s needs which lengthens the process.

Lastly, the number of working individuals in the family. If both the members of the family our working, families tend to go for prime location and can afford a little more luxury.

Let us know your home buying experience. Who influenced you most and how?

What is top up loan and how you should use it?


What is top up loan and how you should use it?

By Evente Clinic

If you have an urgent requirement of money, what will you do? Most of us go for personal loans. Right? For some it is a good thing to do but not for everyone. There is another category of loans which most of you may not be aware of.

We are talking about Home loan top-up. Home loan top-up is a smart financial move for you if you need money given you already have a home loan. It is more efficient both in terms of interest cost as well as duration. To explain it better – Top-up on a home loan is an addition to your already existing home loan. If you are already in the process of repaying the loan amount and doing it without missing any of your EMIs, you can avail of the top-up facility by agreeing to the terms and conditions laid down by the bank.

Most of you may think still think why not to apply for a new loan than disturb an existing loan? The thought process you must be going through while contemplating from where to arrange funds is that how can I easily arrange funds at the lowest interest rate available in the market, isn’t it? The brand new loans can be a personal loan, a loan against property, a gold loan or any such loan which you can avail against collateral or even without collateral. But if you would have ever taken a loan, you would know it is not an easy process, it comes with a lot of paperback and headaches.

So let us see the benefits of the top-up loans:

Duration – The duration of the home top loan is longer than compared to other options like personal loan, car loan or gold loan. The top-up loan is available for a period of up to 20 years or until the balance tenure of the original home loan.

Use for any purpose – Most of the people who know about this option go for it because it can be used for any purpose. Whether you want to go on an expensive holiday or want to expand your business, a top-up loan is an answer for you.

The interest rate – If you go for personal loans, the interest rate will be a double-digit number. The interest rate for top-up loans is more or less the same as what you are already paying for your existing home loan.

Approvals – As mentioned earlier, getting any type of loan is not easy. You have to go through a lot of process and paperwork and this is where top-up loans are very good. Your top-up loan application would be easily approved and disbursed. In most of the case, all you need to do is submit your bank statements to reflect the repayment of the existing loan.

Tax benefits – You can also avail of tax benefits on top-up loans. However, you should be using the loan amount only for a home extension, renovation, or for educational purpose for yourself or your child for that.

If you have any more questions around top-up loans, feel free to contact us.

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How technology is changing Indian Real Estate


How technology is changing Indian Real Estate?

By Evente Clinic

Several tech advancements and innovations have made inroads into the Indian real estate sectors, which are likely to reshape the future of the industry. Not only the construction processes have become more specialized, but the facilities accessible in the real estate sector have also seen a massive improvement.

Like other e-commerce platforms, now the Indian real estate will have a web space. The housing ministry is going to launch the e-commerce platform with the core intention to bring the trust back in the real estate sector. The objective of the e-commerce platform is to bring transparency in the sector and offer only certified projects. The online platform is for projects that have received occupancy certificates (OCs) and is expected to create a seamless, safe and transparent home-buying experience for home buyers.

The two of the most technology of recent times have also found its foot in the real estate industry – Artificial Intelligence and Machine Learning.

From the way property seekers, scout for property to offering probable buyers with applicable information to investigating property values – all the phases of property procurement are now powered by AI and machine learning. In the Indian property sector, AI has the vast scope and ability to lessen operative expenses, augment and advance customer service, recover competence and condense resource depletion within the industry.

Some of the areas where AI is used and can be used more effectively in the future are Chatbots, Investor Analytics, Forecasting Loan Defaults, Deal Matching, Construction Automation, Property Management, Intelligent Search Platforms, etc.

The other technology which is emerging very fast in real estate is Virtual Reality. It has changed the way builders project their properties. It provides a preliminary idea of what the completed building would entail and aids in the decision-making process.

Innovation in the construction sector has paved the way for a wide range of dynamic building structures. The new developments are specialized to be water-resistant, flame-retardant, and safeguards against earthquakes and other natural disasters. The futuristic construction technologies have not only reduced the time frame for the completion of the project but also reduced the overall cost of the project. Labor costs can be significantly reduced, and quality and precision standards increased by using robotics for the repetitive, mechanical functions such as bricklaying.

The real estate has seen a major change in marketing methodology of the projects. The builders have started looking for technology now to reach a wider audience than traditional marketing methods like paper ads and hoarding which are not only expensive but also have limited reach. Now the real estate marketing portals offer a wide range of valuable insights, including market dynamics, customer analysis, projected trends, and more. This helps the developers and brands to reach a much larger target audience.

With the rise of innovative technologies and the growing need for environmental sustainability, the real estate industry has also witnessed a rapid growth in green construction. Solar panels and energy-efficient features are commonly being offered in today’s buildings to lower the carbon footprint and impact on the ecosystem.

Indian Real Estate outlook for 2020


Indian Real Estate outlook for 2020

By Evente Clinic

The past decade witnessed a lot of ups and downs for the real estate industry. There were structural changes, policy changes, industry consolidation and much more. 2019 was a bit challenging year for the real estate industry which struggled with a funding crisis amid issues plaguing the NBFC and banking sector.

The past is behind us and we are in a new year and the budget has just been out. The worst is over and now we can expect good returns from anyone who dives in with the investment. As reported by the Indian Brand Equity Foundation, the real estate sector in India is expected to reach a market size of US$1 trillion by 2030 and contribute 13 percent of the country’s GDP by 2025.

The biggest question everyone is asking today – Will property prices come down? To our readers’ disappointment, the answer is negative. As builders are coping with a severe liquidity crisis, reducing unit rates isn’t much of an option. In a scenario where they don’t have many lenders willing to grant loans, they can hardly be expected to play around with their only chance of getting liquidity.

Both commercials, as well as the residential sector, has great potential for 2020. The warehouse sector will gain traction as it did last year. The concepts like ‘Housing for all’ and ‘Affordable housing’ will drive the industry forward. Rentals have also been inching up with companies like WhatsApp, Apple, Facebook expanding their presence in India.

IT hubs like Pune, Chennai, Hyderabad, and Bangalore have always seen steady growth and the trend is likely to continue. These cities have also shown a new trend, the millennials are more interested in co-living spaces. As per Knight Frank, ‘In India, the co-living concept is gaining widespread acceptance and though the concept is novel, it’s here to stay. This trend is giving impetus to an organized rental market in cities such as Bengaluru, NCR and Pune in the same way as co-working spaces did for shared office space.’

The Reserve bank of India has reduced the home loan interest rate by 135 basis point (bps) in the year 2019 given our GDP has touched a six-year low of 4.5 percent in Q2 FY20. The banks, however, have not been able to pass the same to the end-users because of their own liquidity crunch and increase in NPAs. If RBI further reduces the rate, the banks are most likely to pass on the benefits to the customers.

The technology will continue to change how key players work. The technologies like data gathering, artificial intelligence and machine learning which will play a key role in redefining the realty sector in India. Smart homes will continue to be the choice of customers.

Considering housing loans are cheaper at this point in time and property prices are stable, it makes perfect monetary sense for all people looking to invest to go ahead with property buying in 2020. The same is true for you to plan and earn rental income by investing in a second property.

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Why young couples should invest early in buying property?


Why young couples should invest early in buying property?

By Evente Clinic

Buying a property together at an early stage in a couple’s married life can have far reaching effects on their collective financial health. There are several reasons why a young couple should consider investing early in property:

  1. Buying outright better than paying rent: It is far more prudent to pay EMI for your own property instead of paying rent month on month. At the end of the tenure you have a solid investment of your own.
  2. Lower EMI divided over the years: The longer the tenure of the home loan the lower the EMI burden. If a couple invests early in buying their flat, the banks typically calculate EMI over the years they will work and can pay. Thus as they are just at the beginning of their careers, the home loan burden gets divided across several years. This is an ideal scenario.

“Start young, be well informed, do your research and be prudent,” -Managing Director, Namrata Pande Srivastava.

  1. Dual income: “Most banks prefer giving joint home loans to a couple, as they are assured of a dual income, young couples should take advantage of this,” feels Namrata Pande Sriavstava, Managing Director of the Singapore based real estate firm Evente Clinic. Also the working couple can pay their EMIs faster with dual income.
  2. Appreciating asset: It is far better to invest in real estate early, as this is an appreciating asset which only grows over time.
  3. Less burden at this stage: A couple at the early start of their married life, can think of a serious long-term investment. Most couples now have children at a later stage and it makes sense to think of investment before their other responsibilities arise.

All in all if a couple can they should seriously consider investing early in buying real estate. Over the years the property prices will escalate, and sometime in their middle age they can exercise the option of upgrading to a better home. Real estate as an investment can give rise to rental income which can work as their second income option. “Start young, be well informed, do your research and be prudent,” sums up Namrata Pande Srivastava.


Why real estate is growing fast in Tier 2 and Tier 3 cities?


Why real estate is growing fast in Tier 2 and Tier 3 cities?

By Evente Clinic

Have you checked the price increase of real estate properties in Tier 1 cities over the past decade? The price has sky-rocketed even after the slowdown of the last couple of years. The reason is simple – the demand still remains in Tier 1 cities.

Everything has a saturation point, so is the case with property price in Tier 1 cities. The rates are already out of budget for most of the middle-class people. For this reason, investment in real estate is moving to tier 2 and tier 3 cities.

Even the commercial properties are at an all-time high in Tier 1 cities which have lead to the growth of industries, particularly in the sectors of Information Technology (IT) and Information Technology Enabled Services (ITES) in Tier 2 and Tier 3 cities. It has resulted in the emergence of robust real estate development in these markets over the past few years. 

“Everything has a saturation point, so is the case with property price in Tier 1 cities. The rates are already out of budget for most of the middle-class people. ” 

Here are some of the main reasons for real estate growth in Tier 2 and Tier 3 cities:

  • As per the report, India’s urban population is likely to surpass 850 million by 2050, of which 50 percent is expected to be in the age group of 19-58 years, which is the key demographic core to the consumer demand phenomenon. With increasing disposable incomes and nuclear families, this will lead to a higher demand for housing and organized retail consequently.
  • Tier 2 and tier 3 cities offer skilled labour at cheaper rates. Lower fixed costs/overheads in smaller towns are leading to higher disposable incomes. cities such as Chandigarh, Coimbatore, Vadodara, Jamshedpur have become the hub of e-commerce while Ahmedabad, Surat, and Vadodara have made huge progress in the industrial sector. On the other hand, Coimbatore has more than 25,000 SMEs while Vizag has been suitable for industries such as mining, heavy manufacturing, etc. Jaipur has been leading in service sector investments.
  • The availability of land and labour at reasonable rates compared to metro cities will lead to affordable prices of real estate in these locations. The land is one of the major components for a typical real estate project. Thus, lower land costs will lead to affordable rates of residential units and rentals in the case of retail projects.
  • Expensive transportation along with huge traffic and travel time are some of the common drawbacks associated with the metros. However, small cities tend to mitigate these disadvantages. As a matter of fact, improvement in connectivity has made these cities more accessible and hassle-free than the metros. International airports have been established in cities like Chandigarh and Amritsar. With enhanced connectivity through flyovers, bypasses, expressways, metro, and industrial corridors, several reputed developers are now looking forward to marking their presence in the smaller towns.
  • With measures to upgrade the urban infrastructure which include the introduction of airports, up-gradation of Mass Rapid Transit System (MRTS), and development of Special Economic Zones (SEZ), the Government has taken proactive measures to boost sentiment in the real estate market of these cities.

According to ANAROCK’s report, Private Equity in Indian Real Estate, nearly $1.37 billion (Rs 9,500 crore) were pumped into real estate markets across various smaller cities, including Bhubaneshwar, Chandigarh, Ahmedabad, Mohali, Indore and Amritsar, between 2015-2018. The number is expected to be higher for 2019.

If you are looking to investment get in touch with our sales managers for some very lucrative deals.


Investing in service and managed apartments


Investing in Service and Managed Apartments

By Evente Clinic

The new-age investors are looking for new and high return investment options. Investors have started investing in real estate again after a few years of slow down. Investors lately are very keen on investing in serviced apartments.

Serviced Apartment is the umbrella term for a type of furnished apartment available for short-term or long-term stays, which provides amenities, housekeeping and a range of services for guests and where most taxes and utilities are included within the rental price.

The sector is increasingly having an impact on leisure travel as people find serviced apartments are available all over the world as a credible and cost-effective alternative. They are especially economical for longer stays, group travel or family parties, allowing savings on dining out and offering in-house entertainment as well as allowing you to live like a local.

“They are especially economical for longer stays, group travel or family parties, allowing savings on dining out and offering in-house entertainment as well as allowing you to live like a local.” 

The concept of serviced apartments arrived in India in 2003-04. Starting from Mumbai, Bangalore and Delhi, serviced apartments have extended their presence to smaller cities, driven by commercial activities.

According to experts, if there has ever been a good time to invest in serviced apartments, it is now. The corporate travel market in Mumbai is growing rapidly and the growth is expected to accelerate. People are increasingly travelling inter-state for both, business and leisure and they are seeking long-term, cost-effective accommodation options.

These are some of the reasons that will make the investment worthwhile:

  • Serviced apartments tend to offer larger, better value accommodation than a hotel with a range of amenities, innovative facilities and personalized services. For a regular traveller, these are a better option than costly hotels and unsafe low-cost hotels.
  • Their proximity to business centers and good connectivity leads to a higher rental income and capital appreciation.
  • They are ideal for business and leisure travellers for short- term or long -term stays and stands out as a cost-effective or budget-friendly accommodation with no compromise on services and facilities.
  • Globalization leading to increased tourists and business travellers is expanding the demand for serviced apartments in India with a further growth potential immensely in the coming years.
  • The excellent onsite facilities and management services provided at a lower price in comparison to hotels are making them the default choice with unrestricted access to facilities and amenities provided.

Several small-to mid-sized builders are marketing serviced apartments as an investment opportunity with returns in the range of 9-14 percent per annum. At present, investment in residential properties is more for capital appreciation than rental income.

Annual yield via rental income from a residential property is generally 3-4 percent a year, while capital appreciation is 10-15 percent. Like any property investment, location is important in this case too. Proximity to business centres and good connectivity will lead to higher rental income and capital appreciation. As the quality of service also decides the rental yield, the facility must be managed by a reputed service provider.

If you need our expert advice on service apartments as an investment option, please get in touch.

Investing in Real Estate during festive season


Investing in Real Estate during Festive Season

By Evente Clinic

October marks the beginning of the festive season in India. Considered as an auspicious time for property buying, there is always a surge in demand for real estate during this period.

If homebuyers are confused about the timing of their purchase, their confusion generally ends towards the festive season. According to experts, the festive season is the best time to invest and reportedly, one-third of the property sales that take place in a year are registered during this season.

Naturally, developers leave no stone unturned to stand out in the market to cash in on this positive sentiment. Like every year, this year also developers are betting big on the upcoming festive season to push the sales volume.

With the economy in a bullish mode and office absorption at an all-time high across key metros, it is indeed the right time for buyers to take the plunge.

“October marks the beginning of the festive season in India. Considered as an auspicious time for property buying, there is always a surge in demand for real estate during this period.” 

At present, several leading developers are also offering customer-friendly payment schemes along with a lot of other add-ons. And with the upcoming festive season, there will be an array of options to select from at competitive prices along with great deals and discounts.

Here are a few reasons to buy a home during this festive season:

The market outlook – The overall market outlook is positive. With the finance minister leaving no stone unturned to boost the economy, the results will be seen soon. Our international relationships and business confidence are improving. Thus, there seems to be a strong case for India to continue to be on the path of growth trajectory in the coming years. Thus, as far as the macroeconomy is concerned, it is just the right time to invest.

Buying has become cheaper – it would not be wrong to state that the past few months have made the home buying relatively cheaper. Lowering of interest rates on bank loans has bought the vigour back in the sector. Currently, home loan rates are as low as 8.2%. From the end user’s perspective, it means lower monthly EMIs and lesser interest burden. Banks have introduced new home loan schemes offering flexibility in interest moratorium and principal repayments to bridge the gap between affordability and residential demand.

Festive Offers

Lastly, the country-wide slump in residential sales and liquidity crunch has prompted property developers to introduce aggressive marketing tactics. Developers dole out freebies and discounts around festive periods such as Navratras and Diwali. From modular kitchens to air-conditioners, Apple accessories to international holidays, developers woo the reluctant buyer with these freebies depending upon the ticket size. Construction-linked plans, no EMIs until possession, flash sales and cash discounts are just some of the other incentives available in the market today. The market is flooded with offers and incentives from developers, thus indicating a buyer’s market.

It is an appropriate time to buy but not anything or everything. Here comes the role of due diligence and research. Go for RERA-registered developers with a good track record, opt for the best suitable financial payment plan and buy your dream home.

We hope this festive season brings in all the joy in the lives of our readers.

The Indian Property Fair Success Story


The Indian Property Fair Success Story

By Evente Clinic

Real estate is an imperishable asset, ever increasing in value. It is the most solid security that human ingenuity has devised. It is the basis of all security and about the only indestructible security.

The success of Indian property Fair in Singapore on the 7th and 8th September was a sound testimonial to the above quote. The event took place at the Hilton Hotel at Orchard and was attended by the most influential HNIS of Singapore. In fact Evente Clinic has played an instrumental part in regaining the confidence of the NRI buyer in the South east Asian markets and Singapore is a home ground for them.

“Evente Clinic has played an instrumental part in regaining the confidence of the NRI buyer in the South east Asian markets and Singapore is a home ground for them.” 

The Event featured reputed builders like L&T Realty, Godrej Properties, Birla Estates, Embassy, Hiranandani, Kalpataru, Conscient Group, ATS, M3M, WTC, Shapoorji Palonji , H&S and many more. Evente Clinic has created a successful marketing strategy that encompasses both traditional and non-traditional media to reach out and attract the right kind of investors for their exhibitions. The Event had a footfall of more that 220+ Nri’s and had 6 spot bookings in 2 days.

Mr Honeyy Katiyal, founder of Investor’s Clinic India, a formidable and well respected name in the Indian real estate was also present at the event. He inaugurated the event and candidly interacted with the NRI buyers trying to understand their mindset when it comes to investing in the present Indian real estate market.

The event also featured Knowledge sessions on Tax Implementation on NRI’s while buying real Estate, The laws pertaining to will making and a special feature on SMEs. These knowledge sessions were of particular interest to the visitors who visited the property fair.

Evente Clinic PTE, is an Event Company that specialises in doing Real Estate events. They have an intimate understanding of the property markets in Asia and want to present the best opportunities to our astute and savvy investors. Evente has a good understanding of their host cities, selecting the right investors to attend these exhibitions and curating the best projects to showcase. This combination has largely contributed in producing successful shows.

Why invest in Bengaluru?


Why invest in Bengaluru?

By Evente Clinic

The Indian real estate industry is changing with the demand of investors. The past few years have not been so good for the industry but as per experts, this is the best time to invest in the Indian real estate, especially after a stable government at the center. A lot of reforms and push by the government will be seen in coming months.

The numbers have already started improving and are expected to improve further. Bengaluru has emerged as a shining spot for real estate investors offering a sound return on investment and assured rental income. With the IT/ ITeS sector driving real estate demand, the city boasts of strong macroeconomic dynamics and stability.

” Bengaluru has emerged as a shining spot for real estate investors offering a sound return on investment and assured rental income.” 

For investors looking for a stable market with a long-term horizon, Bengaluru provides many attractive options. Here are some of the reasons why one should be looking to invest in Bengaluru:

  • The real estate sector of Bengaluru is now quite flamboyant with the demand rising every month and as per experts this is the best time to invest as the prices are comparatively low and have just started to increase.


  • Considering the expansion and development of Bengaluru, the price appreciation of real estates in Bengaluru has not been at par with the cities like Delhi, NCR or Mumbai.


  • As the population increased with the birth of a considerable number of the middle-class segment, the affordable sector has gained momentum and many developers in this segment have popped up. Lot of investment options for middle class.


  • The launch of Namma Metro in Bengaluru is paving a way to a much-awaited boost in real estate investments. Convenience in public transport is extremely essential for Bengaluru, especially due to its high traffic problem. The improvement in transportation will cause the surrounding properties to be valued higher.


  • With an increase in the number of citizens on the lookout for housing units, the city’s real estate demand is witnessing a positive shift. Due to stable realty market conditions, steady price rates and the absence of drastic fluctuations – the market is seen as an ideal destination to invest in. International investors prefer investing in Bengaluru because the city paves the way for lucrative returns while investors gain favourable government policies.


  • Bengaluru has always been known as a haven for students, with several nationally ranked educational institutions in the city. This, coupled with ample job opportunities in the IT industry, has led to a steady demand for apartments for sale in Bengaluru; especially in the areas of Electronic City, Whitefield, the ORR corridor, and a few areas in North Bengaluru.

Some areas you should be looking to invest in are as below –

HSR Layout – For the third time in a row, HSR Layout has emerged as one of the top localities offering highest returns. Those planning to invest here will have to spend Rs 6,294 for every square foot, and could buy apartments in 91 ready-to-move-in and two under-construction projects here.

Whitefield Hope Farm Junction – One of the major IT hubs of Bengaluru, Whitefield Hope Farm Junction is emerging as a sought-after destination for those looking for residential property.

KR Puram – One of the oldest residential localities in Bengaluru, KR Puram lies in proximity to some of the important IT hubs and enjoys Metro connectivity.

Bellandur – Bellandur is known to be one of the prime property markets of Bengaluru with some high-end projects located here. With IT parks lying with 10-km radius, Bellandur is the choice of location for many working in the companies here.

Let us know if you are looking to invest in Bengaluru and our experienced sales manager will surely help you with best deals in the city.