Tuesday, 28 April 2015


Have you opted for a home loan and  EMI scheme recently?

Buying a home is lifetime event for most of people, and bank loan is the only possible way for the required finance. Most of the potential buyers not being able to gather the amount required in cash for the property purchase. And, in a situation like this, we would but obviously opt for a bank finance a.k.a loan. Loans have been playing a significant role in each of our lives, and a great help achieving our material goals without a single doubt. Buying a new car, expenditure on education of our children, going for a leisure holiday to foreign destinations, easy loan options have made them easier for us in the present day-and-age without much difficulties. In fact, getting a financial support is like a phone call away!

In this blog we will be discussing about the important fundamentals of Equated Monthly Installments i.e. EMI for any type of Loan. So, lets get started.

What is EMI and how does it help you with the loan repayment?

When you discuss about loans, you often associate it with EMI, which is the fixed monthly payments that you make to the lender of the loan that you have opted from. EMI is a compilation of the amount, that is to be paid towards both, the principal and the interest applied to the loan amount. However, the EMI mainly comprises of the interest component, which forms the major portion of the EMI payment during the initial stages. In due course of time, as we proceed towards the loan tenure, the majority portion of the loan amount shifts from the interest repayment to the principal repayment.

We shall discuss about the Loan Payment Schedule in our upcoming blog. Meanwhile, please let us know in case if you have any questions regarding the EMI payment or further details. We will be more than glad to assist you with the required information. Till then, be safe in all your financial transactions, and always make it a best practice to save for the rainy days.

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Tuesday, 21 April 2015


Are you in search of a property that you can take on lease? Are you having queries regarding buying a leasehold property? As discussed in our previous blog, let us help you find the answers to your questions, you have been looking for. The following section can help you with more clarity on leasehold property.

What is a leasehold property?

The meaning of Leasehold property is that, if you have taken a property on lease from the freeholder, or the owner of the property for a specific duration. The leases are usually for a long term however, they are customizable depending on the freeholder.

  • There is a contract or an agreement that is made between the leaseholder and the freeholder, which defines the legal rights, and the responsibilities of both parties, i.e. leaseholder and freeholder. 
  • Maintenance of common areas of the property is usually the responsibility of the freeholder. This would include, maintenance of the entrance and staircase, terrace and walls. Still, if the leaseholder claims the rights to manage the property, then in that case, it becomes the responsibility of the leaseholder to take care of the common areas of the property.
  • Maintenance fee, annual service charges, and insurance of the property to be paid by the leaseholder only.
  • The leaseholder is liable to pay the annual ground rent to the freeholder.
  • The freeholder has the authority to grant permission for any major work that are requested by the leaseholder. 
  • The freeholder can set restrictions for the leaseholder as per their requirements, e.g. no permission for keeping pets.
  • In case, the leaseholders do not abide by the rules and responsibilities assigned by the freeholder regarding the property, e.g. not paying the rent or the maintenance charges, the leaseholder may have to face the loss. 

Now that you have more clarity on what leasehold property stands for, you may go ahead and buy your dream home with much confidence and general awareness. Hope this was pretty helpful for you. Stay connected and be safe.


Friday, 17 April 2015


Kumar Properties - Pune
Are you having plans to make a property purchase? What kind of a property type are you in search of?
Having questions regarding what are  freehold properties? Let us help you find the answers to your queries, and know what are the forms of ownership of a property!

Legally, there are two forms of ownership. Those are freehold and leasehold. Although, there are different perception about spending on a home, that would be worth buying, and the ones that are not. People who are unaware of these facts, eventually make blunders while buying a property.

What is a freehold property?

Having a freehold property means, that you are the owner of the building, and the land on which it is standing. The land is registered by your name as “freeholder”. Having a freehold property is the most preferred option, where the chances of committing mistakes are very less.

  • You will not be paying yearly rent
  • You are not answerable to anyone for maintenance of the building and, you don’t have to pay to anyone extra amount
  • You are responsible for the roof maintenance or wall paints as needed
  • Complete houses are often sold out as freehold properties

With a clear information on what freehold property refers to, you may now have a well thought approach for making a new property purchase. What else could have been more better, than to have a home under your authority! You don’t have to worry about making payments for maintenance, and service charges laid by somebody else in a property that is given on lease to you, over the freehold property? For people, who are in search of properties just for investing or buying a new home, can refer to the various projects of the builders, and developers in Pune.

We shall answer some of the other questions regarding the forms of ownership in our upcoming blog. Till then, stay connected.

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Friday, 10 April 2015


Do you want to know the easy steps while buy a property? Well, you must have found the title of this blog quite direct, isn’t so? However, let us begin with, why there is a need to have a proper procedure before buying your dream home.

Kumar Properties - Pune
Why do we need to be choosy, and aware at the same time while we think of buying a property? Here is an answer to your question! Investing on a property is something, that most of us decide only once in our lifetime or say, we spend our hard earned money to have a place to live in, and that we call our “HOME”.

Pune, a cultural capital of Maharashtra, and main hub for the maratha empire. This rapidly growing city is known for automobile, research institute, IT, education and management studies, that attracts many from around the world. Be it professionals, students or migrants, Pune has welcomed them all.
It is important to know that buying a piece in real estate, is a lifelong commitment wherein, one has to pay the EMIs for several years without discontinuation. Hence, doing homework is equally important, which will help to have a well thought approach towards the same.

These are the most significant points before buying a property, and make sure they are correct just to avoid any future hazards:

  1. Land titles/construction permits/approvals from the authorities
  2. Title clearance certificate
  3. Society clearance and membership
  4. Details of payment of property tax, and other charges, bills, etc.
  5. Sale agreement
  6. Stamp duty  and registration
  7. Taking possession of the flat

Hope this was helpful for you. We’ll talk about the same in more details in our upcoming blogs. Stay connected and be safe!

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