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It is only a couple of months before the monsoon will come calling. Waterproofing means keeping your house dry and not allow water to penetrate to the inside of your home. This means there will be less humidity inside and consequently less damage. Waterproofing frequently begins with checking your doors and windows for leaks and closing any to forestall damage due to heavy rains. We list a few basic ways in which you can rain-proof your home. ► Check for Leakages Water seepage into the roofs and walls can not only cause long-term damage to the structures but also make for a damp and uncomfortable environment. This check is best done when there are light showers. Any wet patches on the walls/roofs indicate seepage through cracks. These can be fixed using adhesives and plaster and sealing these cracks.
If you are planning to buy an apartment of your own in Kerala, the frequent advice that you would receive is to check whether all government approvals and clearances are in place before the purchase of the apartment. This is done with good intentions because it always can happen that you will miss something important. Realizing that purchasing a home is a high-value long-term investment, you must check out all the approvals that have to be in place before take a final decision to purchase a home. For this, you have to understand the negative consequences of not having certain approvals, and why having them approved is very important. A builder who is offering you an apartment with all the approvals in place is one that you can place your trust in. The the approvals have to be obtained by the builder before they sell your home to you, the negative consequences of not having some of these approvals will only affect the homeowner. These disturbances to your life may continue even many years after the sale has taken place. Therefore, you must buy your property only from a trustworthy builder. Let us now have a brief look at a list of approvals that you should ensure are in place before purchasing an apartment in Kerala.
Friday, 08 April 2022 15:55

Home Loan Guide for the Millennial

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If you are an upwardly-mobile millennial in India, you would have already realized the importance of worthwhile investments that you have to start making now. Having a home of your own is surely one of them. However, you would have also realized that buying a home is not that easy a job. If you are planning to buy your first home, considering that you are young, you may require some sort of financial assistance to help buy your first home. Many banks and other financial institutions provide loans to eligible individuals which would help them buy their houses. If you are at this juncture in your life, you must obtain a clear idea about how home loans and mortgages work in India. Committing hasty mistakes can cost you a great deal of money as home loans run for 20 to 30 years. This simple home loan guide will provide you with some basics that will help you when applying for a home loan in India. What is a Home Loan? A home loan is the amount of money that you borrow from any financial institution or bank of your choice at their specified rate of interest. The institution usually requires that you pay back the borrowed sum in the form of equated monthly instalments (EMIs) in a mutually agreed period. In most cases, the borrower offers the property that they intend to purchase as collateral security against the money borrowed. In case you, the borrower, fail to pay off the loan as specified, the institution would sell the collateral security property to recover the outstanding amount. Advantages of taking a home loan Availing of a home loan is surely a long-term commitment for you. However, there are several advantages you enjoy in the longer term. • Over time, the value of your house will appreciate and not depreciate. This means it can be a source of wealth for you in your later years. • A home loan falls under the category of good debt as it is linked to the acquisition of an asset, unlike credit card loans. When you pay off the loan on time, your creditworthiness swings positively. • A home loan comes with tax benefits. The payments that you make as interest towards a home loan, the interest you pay during the pre-construction period, the principal amount that you have repaid, the registration and stamp duty charges, etc., can all be used as deductions during the payment of taxes. Different Types of Homes Loans in India Home Loan This is a loan using which you can buy a property under construction, a unit that is ready to move into, or one put up for a second sale. Typically, you can avail up to 85% of the cost of the dwelling when you take this loan. Land Purchase Loan Banks may provide loans to buy plots of land within the corporation/municipal limits. The interest rates are similar to that of regular home loans and the processing also follows the same steps. The usual limit for the loan amount is 70% of the plot value. Home Construction Loan If you want to construct a home and not buy a readymade dwelling unit and you want financial help for this, you should apply for a home construction loan. The application procedure and the processing of the documents are different in this case. You should have already purchased the plot where you plan to construct the house and the house should be built within a year. Home Renovation/Expansion Loan If you already own a home but want to remodel a room or expand the size of your home, you have to apply for a Renovation/Expansion loan. Institutions lend up to 75% of the expansion or renovations costs involved. The amount of loan sanctioned depends on many factors such as your age, your creditworthiness, your repayment ability, etc. The term of this type of loan is usually 15 years and you should be at least age 21 or above to apply for this type of loan. NRI Home Loan This loan is a variant of the regular home loan that helps non-resident Indians to buy property in their home country. The compliance aspects and application procedures are different for this type of loan. Other loan types include home improvement loans, bridged, loans, home conversion loans, etc. Eligibility and Documentation required for Application of Home Loans The eligibility criteria for applying for home loans include: • In India, you can be salaried, self-employed, or a business person to become eligible for applying for a home loan. • You must have completed 18 years of age at least. Most banks/financial institutions offer home loans to salaried/self-employed in the age group of 18/21 years to 70 years. • You should have a regular income to prove that you can repay the loan on time. • Your savings history and professional stability are important. • A bad credit history within three months before the application month can have a negative effect. • The type of residence you currently stay in is taken into account. Documents Required when applying for a Home Loan When applying for a home loan, you are required to submit the following documents: Checklist 1.0 Completed loan application form with photos 2.0 Proof of identification (any one of the below) Driving licence/ration card/passport/PAN card/ Voter’s ID card/ employee ID/bank passbook 3.0 Proof of age (any one of the below) PAN card/birth certificate/10th standard mark sheet/bank passbook/passport/driving license 4.0 Proof of address (any one of the below) Bank passbook/Bank account statement/Voter’s ID card/Ration card/Passport/Utility bill/LIC policy 5.0 Income Proof: Salaried individuals (any one of the below) • Form 16/Letter from employer (Appointment letter also required if you have been with the current employer for less than a year)/Last three months’ pay slip/Three years’ IT returns/Six months’ bank statement Self Employed Businessmen (any one of the below) • Last three years’ income tax returns /Last two years’ Balance Sheet and Profit and Loss Account None of these lists is exhaustive and vary according to the lender’s requirements. A home loan is a long-term commitment, and you should choose the loan wisely after clearly understanding your commitment during the term of the loan.
Wednesday, 19 January 2022 09:13

Benefits of Buying Flats in Trivandrum

Aside from being the capital city of Kerala, Trivandrum is also one of the most-preferred destination for home buyers.

Wednesday, 19 January 2022 09:12

Why is Trivandrum the Best Place to Live In?

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Also known as ‘God’s own Country’, Kerala lies along the southern coast of India, with Trivandrum as its capital city. Home to abundant greenery, beaches and rich cultural heritage, it’s been ranked as the top city to live in among the 5 major cities in Kerala - according to a study conducted by the Times Group. It has also been ranked as the best city to live in multiple times, by the ASICS (Annual Survey of India’s City Systems) body. This comparative study on quality of life was carried out in 21 Indian states and based on 115 parameters – including law, city administration, the political contribution of citizens, policies and institutional processes.

Cultural heritage

Trivandrum is an evergreen city that has been the capital right from the days of the Kingdom of Travancore, when Maharaja Marthanda Varma moved the capital from Padmanapuram in present-day Tamil Nadu, to the current city in 1795. Having been a capital for so long has meant that the city is well-developed and has an excellent infrastructure in place that actually works. There are numerous functional iconic buildings in the city left over from the era of the kings too.

Educational hub

Aside from the numerous places of cultural interests that the yesteryears maharajas constructed, Trivandrum is also famous as an educational hub with a number of premier high schools and colleges based here. There is no exaggeration that this city’s schools have also been producing the country’s CBSE toppers for a number of years now.

Medical hub

The city is host to a number of first-class medical colleges and private multi-specialty hospitals that are part of the medical tourism industry. This industry is backed by a thriving hospitality industry too that caters to their other needs.


With its plethora of scenic beaches, lakes, backwaters, waterfalls and eco-tourism, Trivandrum is a shining beacon for both tourists and nature enthusiasts. The world-famous Kovalam beach is just a half-hour’ drive away from the city. All these tourism spots in the city also make great weekend getaways for its inhabitants too.

IT hub

Trivandrum is poised to become home to the country’s largest IT hub once the expansion program of the Technopark is completed. This popular IT hub is a magnet for a younger generation of techies from all over the country and their numbers are only set to increase further. Their presence has changed the very fabric of the city, resulting into a multi-cultural society with a majority of people speaking English, Hindi and Malayalam smoothly.


The city boasts of an excellent road network with consistent water and electricity supply throughout. Many new projects are in the pipeline too that will further make slow-moving traffic a thing of the past. Social infrastructure in the form of parks, movie theatres, various malls, Nishagandhi auditorium and Vylopilly Samskriti Bhavan are some of the entertainment avenues here.

Natural disasters

It would be prudent to mention here that unlike other parts of Kerala, Trivandrum is not prone to natural disasters such as flooding and landslides by virtue of its location and topography. You can rest assured that your home will always be safe from such effects of climate changes. All these and more make Trivandrum a great place to live in.

With the city still being in its expanding phase - both vertically and horizontally, you will find a lot of construction activity going on here. Just like the city’s rapidly increasing population has realized the value of buying homes in Trivandrum, so too have builders risen to the occasion. There are numerous flats, villas and villaments projects coming up all over the city to keep up with the substantially increasing demand for homes.

For those interested in buying villas or apartments in Trivandrum, premium builders like Shanoor Homes have luxurious projects located in key parts of the city. These niche homes are designed to elevate your lifestyles, make your life more convenient and provide you with addresses to vie for!

When you buy a Shanoor home, you buy into quality homes loaded with high-end fittings and finishings, homes that offer amenities to keep the whole family gainfully engaged and entertained, homes built keeping all your needs and wellbeing in mind. Located in close proximity to Lulu mall along the Technopark corridor, come indulge in the newest ‘work, play and rest’ lifestyle homes!

Schedule your site visit today! 

At Shanoor, We want our clients to grow with us and become a part of the Shanoor Projects & Realtors family.

+91 96450 37770
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Shanoor Projects & Realtors Pvt. Ltd.
Bhagvathy plaza, Pongummoodu,
Medical college P.O,
Trivandrum - 695011,
Kerala, India.

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