Understanding Home Insurance

A home insurance in no longer an optional luxury, but it is a necessity for every prudent homeowner. It serves as a potential safety net for your finances in the case of an environmental disaster or an accident on your property. A home insurance policy also known as homeowners insurance works similarly to a life insurance policy. A life insurance policy offers the dependents or nominees a particular sum of money in the event of death of the insurer whereas a home insurance policy cover for the loss incurred to the house structures and internal contents due to a natural disaster or man-made calamities.

Cosmic India

Benefits of Home Insurance

A home insurance policy is the solution that makes it possible to safeguard one’s property and possessions from damages caused by unforeseen perils such as natural calamities, riots, fire, robbery, etc. Thus offering you complete peace of mind. 

Although home insurance can be availed by spending a minimum amount annually to protect against large financial damages, yet most people are ignorant of the benefits of insurance and do not prepare themselves for unforeseen circumstances. Today the monthly premiums involved are reasonably low in most cases so as to avoid any extra financial burden on the owner. 

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A gift for buyers: Real-estate pros stuff your stocking with advice

Sound advice is always a smart gift. In this holiday edition of Buying Advice, we've asked real estate agents, investors and other housing pros around the country to give us their best tips for making a smart home purchase, and we've included a couple of our own favorites.

We'll also review the latest housing statistics and what they mean for the fledgling real-estate recovery and look at 10 surprising factors that could cause your mortgage application to be rejected.

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The top buying tips

Create – and keep — a good credit score.

All lenders use a credit score to help them understand what kind of risk you would be as a borrower. Pull a copy of your credit history score. The better the score, the better the interest rate you will be offered.

Find a good agent

Don't just use a friend or family member, or someone you run into regularly at your kid's school. Do some research, says cosmic, a real estate company in Delhi NCR.

The best advice is to look for a highly respected buyers agent," she says. Ask your family and friends for recommendations and then meet with several agents. "Find someone that you feel comfortable with, feel you can trust and that has experience in the areas you are searching for your home

Just be sure the agent sells real estate full time, so he can respond quickly. Ask the agent for the names of buyers he has helped in the past six months, Cosmic Structure Limited says. If the agent can't come up with several, you should keep looking.

Set a budget and get preapproved by a lender

It is important to know what you can afford and what a comfortable monthly payment. Some homebuyers learn the hard way that they can qualify for more than they can comfortably afford to pay, says real estate advisor and we do mean preapproved, which means submitting pay stubs and tax returns, not prequalified, which is more of a cursory estimate.

Check out the neighborhood just as carefully as you check out the house

Once you find a house that you really like, drive by that house at several times during the day and during different days of the week to really gauge the type of neighborhood you are buying.

Be ready to pull the trigger when you see the perfect home

The supply of for-sale housing is limited in many parts of the country, and that means good houses go quickly. Buyers need to be ready to sign when they see a keeper, which means having their financing in order.

Sometimes we're so busy worrying about getting a 'good deal' or negotiating small deal points that we miss the opportunity to buy the house.

Know the landscape

Once a home that looks interesting comes up on the multiple listing service, you and your agent need to do some research. How many homes are on the market in the blocks around it? How long have they been on the market? What condition are they in? What's in escrow? What have houses nearby sold for in the past 90 days?

Don't get emotional

Don't stretch your budget just because you love a home. Think like an investor and tell yourself, "There will be others out there for me”.

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Booming Property Market of Delhi

Cosmic Structures Limited

Today the hottest and happening state of India in terms of the property market is of course Delhi. The capital of India, Delhi has become the attraction spot for tourist, job seekers, carrier oriented persons, entrepreneurs and more. Commercial as well as residential property in Delhi is the most desirable across India for its fantastic infrastructure and cosmopolitan lifestyle. The real estate of Delhi is emerging rapidly and offering a massive amount of options for buying and investing.

Delhi is one of the greatest destinations in country to reside and perhaps this is why the flood of outsiders goes on rising every month. The vogue of buying property in Delhi has reached to a stage where citizens are prepared to purchase it in any zone of the state be it West, East, Central, North or South.

Cosmicindia.in

Currently there are different types of options are available for accommodation in Delhi like commercial property in Delhi, residential property in Delhi, office space in Delhi, flat for rent in Delhi and house for rent in Delhi.The residential and commercial property in Delhi is huge in demand. The different and luxurious type of amenities are providing by the owners so that the tenant will not face any trouble regarding it.

Many Real Estate agents including Cosmic Structures Limited provides a better amenities for the home buyers. 

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NCR — the market witnessing a renewed interest in residential development.

Where on one side most parts of the country are facing problems like Poor GDP projections, reduced liquidity for end users, a rising consumer inflation index and a plethora of other reasons for a downfall in real estate projects, NCR (National Capital Region) is experiencing and enjoying a steady growth and development particularly in terms of residential property. 

Residential Development

The conurbation or metropolitan area which encompasses the entire Delhi as well as urban areas surrounding it, i.e. NCR is on a verge of continuous development with several projects coming up and ongoing at a rapid speed. Areas like Noida, Greater Noida, Gurgaon, Faridabad, Rohtak, Bhiwadi, Sonipat and Panipat are on the peak of its popularity for the growth and development of real estate project running all over. 

NCR's residential market is expected to see renewed momentum in terms of fresh supply with several large projects including townships expected to be launched in 2013 concentrated on emerging locations of Gurgaon and Noida such as Dwarka Expressway, Southern Peripheral Road, Noida Extension, Greater Noida and along the Noida-Greater Noida Expressway. There would also be a very wide variety in product offering ranging from affordable to luxury, with the majority expected to cater to the affordable and mid-priced segment.

In terms of new project launches, micro markets such as Noida Extension, Greater Noida, Noida-Greater Noida Expressway and Yamuna Expressway are expected to come up with very large residential projects mainly in the affordable and mid-priced segments to attract end-users. In Gurgaon, nearly 28,800 residential units are likely to get added to the completed stock in 2013. Being strategically located in close proximity to Delhi and Gurgaon, the upcoming Aerocity and the Delhi International Airport, Dwarka Expressway is expected to witness a healthy price appreciation in 2013. The commencement of the Rapid Metro connecting Sikanderpur with DLF Cyber City will add to the attractiveness of the surrounding areas resulting in capital values increasing further.

This stretch provides good, affordable residential options, and a large portion of demand for mid-sized housing in Gurgaon has been diverted to this region. With prices being similar to those for developments in Noida, New Gurgaon has the potential to compete with Noida.

These areas undoubtedly are the residential hub of the country and investing here at the right time would definitely make the right decision. 

Being an integral part of the Real Estate Industry particularly in Delhi-NCR, Cosmic Structures Pvt. Ltd. Have three major projects running in these major areas i.e. Gurgaon, Noida and Greater Noida. With its ongoing projects- Cosmic Business Centre, Cosmic Corporate park and Cosmic Corporate Park-2, we take this opportunity to contribute towards the luxurious experience in real estate.
Visit http://www.cosmicindia.in/ to know about our ongoing projects.

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