Top 6 investment options for young investors

Saving for future security is not enough in today’s world. Idle cash in the bank account can be best utilized by investing. Popular investments in India are mutual funds, public provident funds, fixed deposits, and real estate investments for longer-term benefits. Investing seems daunting for many young investors, but once the process is allowed, it will grow over time due to interests and dividends. Here are 5 investment options where young investors can put their money for greater returns.

  • Equity Mutual fund

Investing in shares and stocks of the companies. Usually  investment is made by fund houses in equity markets and shares the profit and losses according to the percentage of investment made by the stockholders.

  • Debt Mutual fund

For steady return, debt mutual funds are apt as stockholders invest in fixed interest properties like corporate debt securities, money market instruments, corporate and government bonds, etc. Debt mutual funds fetch relatively high liquidity and offer reasonable safety.

  • National Pension System

It’s a retirement-focused investment, which enables working professionals to invest in all sorts of investments, including equity, mutual funds, etc. At the time of the usual exit from the scheme, the investor gains returns depending on their investment percentage during that tenure. 

  • RBI floating rate saving bonds

These bonds are issued by RBI, which is a 100% risk-free investment. The interest payment is biannual, i.e., January and July each year. Floating rate interest is subject to change, and the maturity term is 7 years, but a premature withdrawal option is available for senior citizens.

  • Public Provident fund

Investing in a public provident fund is a risk-free investment, and the interest compounded for a tenure of 15 years. 

  • Investment in real estate

If you plan to live in a place for more than 5 years, buying a home is better than renting. It’s a long-term investment that gives a better return in terms of passive income if you are renting it out. If you live in the property, you are building equity over time. 

Engineers Horizon has launched a premium residential project Bonheur in Wakad. If you want to invest in real estate, Bonheur in Wakad would be the right property for investment. 2 and 3 BHKs available in Bonheur come with a range of amenities suitable for the contemporary lifestyle. The project is strategically located in Wakad and is well-connected to the key spots of Wakad and the city. first-time

Everything you need within 10 minutes walk from your home

In today’s fast-paced life, we wish to have a home where we can avail the luxury of modern amenities, comforts, and good connectivity to civic amenities. Likewise, we want easy access to civic amenities that fulfil our daily needs. 

Excellent health care infrastructure  :

The presence of healthcare facilities near your home is vital for medical emergencies. Medical emergencies and a good healthcare facility near home also enable one to go for regular checkups and tests without rushing through traffic snarls. In addition, easy access to hospitals can save precious lives and avert complications due to delayed medical attention.

Presence of educational institutes : 

 The presence of good schools and colleges near home saves time as it becomes convenient for parents to drop their children off at school. Older children can walk to schools if the distance between school and home is shortened. Children will get ample time to indulge in after-school activities instead of wasting time commuting to faraway schools and colleges. Also, parents feel safe and are at peace if the schools are nearby.

Recreational facilities :

The presence of popular eateries, restaurants, hotels, malls, and movie theatres enhances the living experience. During leisure time, families can spend quality time with their loved ones. Nowadays, malls are the one-stop recreational hub where one can spend time in food courts, play zones, or watch movies besides shopping. 

Public transport  :

Access to public transport is necessary for quality living. In addition, accessing public transport within 10 minutes saves time and expenses.

An excellent social and civic infrastructure in and around the property is crucial as it ensures better returns and an improved lifestyle. Even any new infrastructural development announcement or launch can inflate the property value. A robust social infrastructure is indispensable for urban living. Good roads, drainage, water supply, public transport, a healthcare system, parks, recreational places, financial services, and educational institutions are essential for a civilized society. Real estate developers like Engineers Horizon are coming up with residential projects that are loaded with in-complex amenities and provide easy access to the well-developed infrastructure of the locality. Engineers Horizon has launched residential projects in Tathawade and Wakad, enjoying the benefits of improved connectivity and infrastructure. 

iOS in Tathawade- iOS in Tathawade is an under-construction residential project whose possession date will be January 2023. Conveniently located in Tathawade, iOS offers modern amenities and conveniences for an enhanced lifestyle. Also, Bonheur in Wakad reflects a blissful lifestyle with its state-of-the-art amenities and seamless connectivity to the daily essentials. If you search for 3 BHK flats in Tathawade, explore iOS, which offers spacious 3 BHK flats in Tathawade loaded with modern amenities and conveniences.

Top recreational spots in and around Wakad

Recreational sports like shopping malls, movie theatres, or weekend destination spots near to home not only enhance quality living but allow one to break the monotony of the daily grind. Here is a slew of spots that are present in and around Wakad where you can unwind, relax and rejuvenate.

Leisure and Recreation –

Although shopping malls are the foundation of the retail economy, a building or building forms a complex of shops. Yet, they are the heart and soul of community living. In Wakad, many malls offer the perfect entertainment destination apart from just shopping destinations. One-stop entertainment hub where one can relax spends leisure time with family and friends apart from shopping. Some of the popular malls in Wakad are :

  • Xion mall
  • Westend mall
  • City One mall 

Xion mall is within walking distance from Bonheur. The project is also close to regular groceries and marts for daily essentials.

Nearby Attractions –
  1. Aga Khan Palace: Aga Khan Palace is one of the important landmarks of Pune, known for its architectural excellence as well as for its historical significance. Now, it is the headquarter of Gandhi National Memorial society. The mighty edifice of Pune is 25 minutes away from Wakad. A must-visit destination for a weekend or educational trip
  2. Lal Mahal: Lal Mahal is one of the most famous historical monuments. Chatrapati Shivaji, the founder of the Maratha empire, spent his childhood in Lal Mahal. This monument of historical importance is 36 minutes away from Wakad via Aundh – Ravet BRTS Rd and NH60.
Nearby facilities and services –

Not only malls and theatres, but Wakad also enjoys good social and civic infrastructures like schools, colleges, and hospitals. Some of the reputed schools and hospitals are as follows.

  • Aditya Memorial hospital
  • Schools Akshara international school & Junior college
  • Vidya Valley World School, Wakad CBSC
  • Good Samaritan School
  • Wisdom World School

Bonheur is a residential project developed by the Engineers Horizon group. The magnificent project is strategically located in Wakad, enjoying the robust civic infrastructure In Wakad. The project is connected to well-reputed schools in and around wakad and has easy access to key recreational spots like malls and weekend destination spots. The project offers 2 and 3 BHK homes whose possession starts from December 2023. 

Project Highlights –

Bonheur offers ample open space for recreational activities, a gymnasium, and a kids’ play area. It provides four tier-security to its residents with a multi-function electronic intercom security system, 100 % power backup for every common utility, CCTV monitoring, and video door phone for each apartment. If you are looking for an under construction 3 BHK flats in Wakad, check out 3 BHKs in Bonheur, which comes with modern amenities and conveniences in an affordable price range. 

Best malls and schools in Wakad you cannot afford to miss out on

Engineers Horizon is developing a residential project named Bonheur in Wakad. The residential project comprises 1, 2, and 3 BHK spacious apartments for blissful living in one of the most happening spots of Pune. Wakad, once a tiny hamlet, is now witnessing a thriving economy due to its proximity to some of the famous work corridors. Hinjewadi IT hub is near Wakad. There is a continuous influx of migrant professionals settling in wakad due to better job opportunities. Many reputed builders are launching luxury and premium residential projects to meet the growing housing demand. Bonheur is spread across 1 acre of land that promises modern amenities and comfort and conveniences at an affordable price range. 

Bonheur in Wakad :

Bonheur in Wakad enjoys the robust civil and social infrastructures of Wakad. The project is seamlessly connected with entertainment hubs, reputed schools of Pune, and the best healthcare facilities. The upcoming metro project is within walking distance from Bonheur. It is also close to Mumbai -Pune expressway and is connected to the city through arterial roads like the Nashik-phata BRT corridor. The nearest railway station is within a 5 km radius. 

Podar International School:

One of the best schools in Pune is located in Wakad. The Podar Education group started the school and has a network of 136 Podar International schools, one of which is in Wakad. The Podar network offers a range of educational streams, including the Central Board of Secondary Education (CBSC), Council for the Indian School Certificate Examinations( CISCE), Secondary School Certificate (SSC), and International Baccalaureate(IB). The one present in Wakad follows the CBSC stream. 

Euro School Wakad:

The school follows 21st-century skills imparted by certified professionals. They provide balanced education through experiential co-curriculum learning. Spread across 35 acres of land, EuroSchool in Wakad is known for imparting the best education through classes, assignments, and co-curricular activities. 

Wisdom World School:

Wisdom World School is another reputed education institute in Wakad known for focusing on children’s intellectual, physical and cultural growth. The school has more than 2000 students and has highly qualified trained teachers imparting quality education. The school follows the ICSC stream and has a robust infrastructure. 

Malls close to Bonheur :

Xion mall is a walking distance from Bonheur. The mall offers many shopping and retail spots and diverse food places. From the food court to the entertainment zone, Xion mall is a one-stop hub to spend leisure time with family and friends. Apart from Xion mall, Wakad is dotted with various malls like Phoenix Market City, Phoenix mall of the millennium, and Commercial mall. 

Conclusion :

If you are looking for flats for sale in Wakad, explore Bonheur. This residential project offers premium quality apartments of various configurations. Bonheur offers world-class living in an affordable price range from amenities to conveniences. 

Bonheur- Premium property in Wakad with high-rises living experience

In recent years, buying a home on a high rise has become a trend because of the magnificent view of the neighbourhood it provides. Various bodies have defined high-rises differently. According to ‘New Shorter Oxford English Dictionary,’ a high-rise is a building having many storeys. Indian cities, including Pune, are witnessing demographic expansion due to the migration of the working population leading to demand for houses. To mitigate this growing demand, high-rise buildings have become a solution, which can decongest urban sprawl. Reputed builders and developers focus on developing high-rise residential projects that provide zero noise pollution and cleaner air -quality. In Pune, developers like Engineers Horizon are developing a residential project in Wakad named Bonheur that features 1, 2, and 3 BHK apartments where you can experience high-rise living!

The lifestyle we prefer before buying a home :

A considerable investment is required when buying a home. We face challenges, including financial ones. Some priorities also changed due to the pandemic, like we want a personalised space to fit our daily routines, hobbies, and expectations. This house is spacious, appealing, and is investment-worthy. When we consider our day-to-day activities like getting ready for work, nurturing kids or pets, or cooking, we demand additional space that can be doubled up for our hobbies. We want our home to be in a neighbourhood surrounded by greenery landscapes. Homebuyers who are parents want their home to be in a neighbourhood where they can access good schools. For elderly couples, they would look for homes near good health facilities. A bachelor, a working professional, would like to stay in a neighbourhood near his workplace. So we choose a house according to our lifestyle.

Bonheur in Wakad :

Bonheur is located near Bhumkar chowk in Wakad. Set amidst nature’s bounty, Bonheur is close to some of the finest schools of Pune. Each flat is well-ventilated and inundated with ample natural light due to open spaces and no adjoining buildings. One can get an unobstructed view of the surrounding neighbourhood. The project promises a location advantage of good schools, colleges, hospitals, and malls. 

Conclusion :

Buying a home in a high-rise residential building like the one in Bonheur, you are assured of greater security which comprises security cameras, motion sensors, and several other features ensuring the safety of your loved ones. If you are looking for premium property in Wakad, explore Bonheur, which provides a safe place to experience blissful living.

iOS in Tathawade-Bridging the gap between luxury and conveniences

A home is where you love to reside and create memories with your loved ones. A place where stress is relieved, and you feel better and safe. A home is a place where your lifestyle reflects your identity. Your lifestyle becomes luxurious when the home provides you with state-of-the-art amenities centred around you and your loved ones. Reputed builders like Engineers Horizon in Pune focus on developing projects that bridge the gap between luxury and conveniences with modern amenities, location, and good connectivity. Engineers Horizon is developing iOS in Tathawade, the epitome of luxury and convenience. 

iOS in Tathawade

iOS in Tathawade is the locality that is well-connected with the commercial hubs of Ravet, Bavdhan, and Katraj.IT corridors of Hinjewadi and Wakad are 9 km away from this project. One can access public transport and PMPML bus services connecting Swargate, Pune Depot, and Sarasbaug. Lohegaon Airport is 25 km away, and Akurdi railway station is 5 km away from the project.

Modern amenities in iOs  :

From health amenities to common utilities, iOS offers state-of-the-art amenities that are absolutely self-contained. Spacious car parking and lifts add comfort to the residents’ lives and make their mobility easier. Twenty-four hours of power backup saves the residents from blackouts. Uninterrupted Wi-fi connection is common areas and a multipurpose hall, giving residents the privilege of celebrating events at their doorsteps.

Location Advantage of Tathawade :

Tathawade is in the north-western outskirt of Pune and shares a neighborhood with Wakad, Punawale, Ravet, and Hinjewadi. Apart from providing easy access to nearby employment hubs, Tathawade offers some of the best education hubs, healthcare facilities, and popular retail stores and malls chains. In addition, one can find Indira College of Commerce and Science, JSPM Institute and Dr. D.Y. Patil Biotechnology and Bioinformatics Institute, and easy access to reputed healthcare facilities like Aditya Birla Memorial Hospital and Ojas Multispeciality Hospital.

Conclusion :

If you are looking for flats in Tathawade, head out to the iOS in Tathawade  residential property in Tathawade. Developed by Engineers Horizon, iOS ensures a blissful living in Tathawade. Equipped with world-class amenities and 3 -tier security management, the project offers safety to your loved ones. In addition, one enjoys robust social infrastructure while living in iOS. From reputed schools to easy access to health facilities, iOS ensures the best conveniences and comfort one would dream of.

Bonheur in Wakad- Your good time for real estate investment

Bonheur in Wakad- Your good time for real estate investment :-

Wakad is located in scenic west Pune. Once a small hamlet, Wakad is now a thriving suburb of west Pune and a sought-after destination for real estate investment. This locality witnessed a meteoric rise due to an influx of migrant professionals coming for employment in the IT industry and manufacturing sector. Situated next to Hinjewadi, Wakad has unbeatable connectivity to Mumbai-Pune Expressway. Wakad road and Kalewadi main road cross through this suburb, connecting with the city’s major landmarks. It enjoys good access to public transport, and the nearest railway station is 10 km away. Moreover, the upcoming metro project will seamlessly connect Wakad to Hinjewadi and Shivajinagar’s civil court. Nicknamed Puneri Metro, it is approved by Maharashtra’s state government, and its completion is estimated to be in 2026. 

Hi-rise living in Wakad :-

Wakad’s robust civil infrastructure and safe neighbourhood made it the choicest destination for real estate developers and homebuyers. Several reputed builders, including Engineers Horizon, have developed premium and luxury projects to meet the growing demand for housing in one of the most developed suburbs of Pune. Engineers Horizon has launched Bonheur in Wakad, which is nearing its completion. Possession will start from December 2023. Spread across 0.96 acres, Bonheur is the epitome of a luxurious lifestyle. Amenities and conveniences complete the desire for luxury living in one of the most famous localities of West Pune. Bonheur features 2 and 3 BHK homes surrounded by reputed schools, banks, malls, and hospitals. It enjoys good connectivity to various parts of the city via public transport.

Luxurious lifestyle in Bonheur :-

Bonheur symbolizes a lifestyle that speaks of an individual’s identity and stature. State-of-the-art amenities in Bonheur are centered around every age group. At Bonheur, one will wake up to peaceful mornings, as this property promises abundant open spaces, plantations, and landscaped gardens. A lush green environment ideally fosters health and well-being. The chirping of birds’ uninterrupted views creates a cheerful ambiance.

Kids Play area :-

Bonheur has something for everyone. A dedicated kid’s play area with slides, swings, and merry-go-rounds promotes the holistic growth of tiny tots. Playing outside boosts a child’s confidence and self-esteem and gives ample opportunity to develop better coordination of mind and body. Today’s parents want their kids to get the privilege of holistic development, and Bonheur provides that advantage with a structured play area inside the society.

Bonheur with the best security features :-

Bonheur in Wakad  is well-equipped with a 4-tier security system. Each apartment is equipped with fire fighting equipment, and standard utilities have 100% power backup. Furthermore, the multifunctional electronic intercom security system provides security to the residents from intruders. In addition, CCTV and video door phones in each apartment ensure tight safety. If you are looking for a property in Wakad promising the security of your loved ones, explore Bonheur residential property in Wakad, providing a safe environment and the overall well-being of your family.

Co-borrowers: boost your personal loan eligibility

A personal loan, also known as a consumer loan, is an unsecured loan that can be availed based on credit history and repayment category. You can immediately fulfill your cash needs with a personal loan which is multi-purpose in nature. Whether you want to fund an upcoming wedding or holiday; or need funds to expand your house, personal loans are an apt and most reliable instrument. No security or guarantor is required, as these loans are unsecured. 

  • Types of personal loans –

A personal loan can be availed for both planned and unplanned expenses. Once the loan amount is disbursed, one can use it in any way they want. Be it a wedding, education, or vacation, you can use the loan amount per your requirement.

  • Benefits of personal loan –

    For a personal loan, minimum documentation is required

    1. Loan is approved within 15 minutes.
    2. You can choose the repayment tenure according to your capacity.
    3. These loans have no end-use restrictions.
    4. Loan is disbursed quickly.
  • Who is eligible for a personal loan? 

    1. Applicants should be Indian.
    2. He must draw a salary of at least 25 000 every month.
    3. He should have a total work experience of at least 12 months.
    4. He should have responsible credit behavior, and his credit score must be 725 or above. 
    5. Age criteria is between 25-58 years.
  • Factors improving personal loan eligibility –

  • 1.Addin co-borrowers.

  • 2.More income means more loan eligibility
  • Documents required for the personal loan-
  • 1. Duly filled online form of application.
  • 2. Passport-size photograph.
  • 3. Identity proof like an Aadhaar card, PAN card, driving license, or passport.
  • 4. Last month’s payslip.                                                                                
  • Advantages of adding co-borrowers –                                                                                                                                                                                  If the income is insufficient, the co-borrower’s income can be added to fill the gap. When the income of both the applicants is added, DTI( Debt to income)  ratio gets lowered. DTI is the ratio of the total EMI of the month to the total monthly income. Even if the applicant’s credit score is low, he is eligible for the loan if the co- borrower’s credit score is high. An applicant gets better interest rates if a co-applicant is added. Co-borrowers’ good credit history can help negotiate with the lenders to negotiate the interest rates for the loan. However, defaulting on repayment can affect the credit score of the co-borrower. The co-borrower has to repay the loan if the first applicant fails to repay the loan. Only a few financial institutes allow joint lending, and the process takes time compared to a regular personal loan.                                                                                         
  • Conclusion-: If you are willing to apply for a personal loan, add a reliable and trustworthy co-applicant to make the procedure easier. Co- borrower with a high credit score and stable income helps apply for more significant amounts with lower interest rates. If you are looking to buy property in a good location of Pune, check out 1 BHK flats for sale in Tathawade. 1 BHK flats are available in iOS in Tathawade. Explore the property and fulfill the dream of buying a home available at an affordable price range. 

 

Advantages of Buying a Home Over Renting

A home is a place where emotions kindle; thoughts are nurtured. A place where we feel safe, stress relieved, and worry less. For many of us, it is a symbol of status and success. But purchasing a home has a lot to do with our monetary aspects. Buying a house means a huge amount of money is involved. So, it often puts us in a dilemma, whether to buy a home or rent it. But owning a house has some benefits which are not possible in rental homes. Here are 5 benefits that can put your dilemma to rest.

  1. Home of your own, means no landlord hassle:

    Homeownership means no landlord hassle. You don’t have to wait for the landlord’s approval for minor repairs or a complete overhaul.  You don’t have to relocate on short notice, if the landlord decides to sell the property. A landlord could raise rent which may affect your financial budget too. Rent won’t fetch any tax benefit in the long run as well.

  2. Own nest brings emotional security: Buying a home means you are investing in a community around you. Most of us buy houses to stay there for more than ten years or more. So we try harder to maintain a good relationship with our neighbors and want to be a part of the tight-knit community to thrive successfully. A stronger sense of community means less stress, your children will behave better, do better in school, and you and your family will live healthier.
  3. Easy financing option: Purchasing a home means you build equity that could be accessible through home equity products. If you are a first-time buyer, the home loan available will come under income tax benefits under multiple sections, including Section 80C, Section 24, and Section 80EEA. Under these sections, a first-time homebuyer can benefit up to Rs 5 lakh.
  4. Lifetime investment: Buying a home in a city gives you a feeling of belonging and permanence. As you will be putting a lot of money into the property, you will be building wealth which will increase over time. If you delay your decision to buy a home, it will lead to shelling out more money on rent. And on the other hand, the property value will rise with time.
  5. The asset you can call your own: Purchasing a home means paying home loan EMI. With each installment of EMI, your equity in your home goes up, whereas rent is a pure expenditure.

Conclusion:

If you are a master of your place, it means no landlord hassle, no more yearly rent agreements, no more untimely relocation but more of  building assets in an environment where you and your family are nurtured emotionally and psychologically. You will get an environment where you can control your life and lifestyle. If you are looking for investment in real estate in Wakad, explore residential projects in Wakad. Explore Engineers Horizon’s prestigious launch of Bonheur in Wakad which  will indeed reaffirm your home buying decision.

What Is the Minimum Cibil Score Required for a Home Loan?

CIBIL is the credit record of every Indian citizen, which the Reserve Bank of India authorizes. If you apply for a home loan, CIBIL score determines whether you are eligible for the loan or not. You can check your CIBIL score on the CIBIL website once a year for free. You can visit the site several times to check the score at a nominal fee. The score is based on the credit history, and the three-digit number comes between 300-900. 

What is the minimum CIBIL score required for the home loan?

The minimum CIBIL score should be more than 550. However, it varies from lender to lender. Usually, a score below 550 is considered bad, whereas a score above 750 is deemed excellent. A score between 650-750 is considered to be good. You get a good chance of home approval if the CIBIL score is above 650. However, a low CIBIL score does not mean that the home loan won’t get sanctioned but has to furnish more financial documents and a credit-worthy guarantor for home loan approval. 

Benefits of high CIBIL score

A high CIBIL score gives you the option to choose and pick lenders as you are eligible for home loans. On the other hand, a high CIBIL score means bigger loans. Also, shorten the documentation process because a high score assures lenders that you can repay the loan. In addition, you are also eligible for lower home loan interest rates. 


Steps to check credit score online

  1. Log in to the official CIBIL website.
  2. Fill up the form asking for details like birth year, address proof, past loan history, and relevant data. 
  3. After filling the form, choose the mode of payment to get the credit report. 
  4. After the payment, five questions are asked related to credit history. At least three questions must be answered correctly to prove your identity with CIBIL.
  5. Reports are sent via mail within 24 hours.

Factors that affect CIBIL score:

1.Types of credit and duration-  Credit history is based on the number of years passed since opening the first credit account. CIBIL takes into account the number of years to determine the credit score. The score gets a good boost if a good balance of secured loans like car loans and unsecured loans like credit cards. A healthy credit mix depicts your repayment behavior and considers you the low-risk borrower.

2.Payment history- The score depends on your payment history. Prompt payment of monthly credit card bills and loan EMIs mean a good score. However, if payment is delayed or defaulting on EMIs, the score can be reduced by 100 points.

3.Credit utilization ratio- The score will go down if the credit utilization is high. Ideally, spending 30% of the credit limit is advised, and avoid maxing out the limit.

Conclusion- If you are on a house-hunting spree, check out your CIBIL score before checking out 1 BHK flats for sale in Wakad. Pay your loan EMIs and credit card bills on the due date. Maintain a clean financial record and avoid over-leveraging to give a boost to your CIBIL score.