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New Home / Place Buying / House

Living

Architectural Digest - YouTube

Housing isn’t a great investment but for most people, it’s the best investment they will ever make because it’s the only asset they will leave alone and let compound for 10, 20, 30 years.

Questions​

  • Why people have false ceilings

Places/Place to live​

Where on Earth Will People Live in the Future? | Parag Khanna | TED

20-30 degrees Celsius with no humidity throughout year i.e dry climate

Elevation / Altitude​

One of the factor is Elevation

  • 500 mtr+ is good weather like bangalore (964m), pune (565m), jagdalpur (570m), nainital (1990m)
  • 300 mtr is bad - delhi (246m), dantewada (370m), ramnagar (388m)

As we increase elevation, there is less air above us thus the pressure decreases. As the pressure decreases, air molecules spread out further (i.e. air expands) and the temperature decreases.

As we go to higher altitudes, what happens to the temperature?

When we move up a hill, we notice a fall in temperature. This fall in temperature with elevation is primarily due to two reasons.

  1. With the increase in elevation, the atmospheric pressure falls. Fall in pressure implies that the temperature also falls (Pressure is directly proportional to Temperature and vice versa)
  2. With the increase in elevation, the concentration of greenhouse gases decreases (Water vapor and carbon dioxide fall sharply with elevation). Hence the heat absorption capacity of the atmosphere will also decrease.

why temperature decreases with altitude?

If heat rises, why does the temperature decrease at higher elevations? | Scientific American

Why does temperature decrease with increase in altitude? - Quora

Places​

Which is the best city to live in North India? - Quora

Best cities in India with pleasant weather all year round | EconomicTimes

https://zolostays.com/blog/cities-with-best-weather-in-india

Want to Go Abroad? Immigration Advisor on Which Countries Are Preferable for Indians and Why

iVisa Plus: Free Standard Processing of Unlimited Travel Docs

Foreign​

Metrics​

  • Maximum life expectancy (if no accident or anything like that) vs life expectancy
  • Population Density
  • Spending on healthcare
  • Taxes and generational tax / Property tax
  • Quality of life index for new home and multiple indexes
  • Total homicides, total crime index, total accidents
  • Public transport
  • Education
  • Climate & Environmental protection
  • Racism
  • Economics - Job Market, Home Prices
  • The Economist Democracy Index - Wikipedia
  • HDI by UNDP

Renting​

  • Never ever buy a second hand AC
  • Never get a top floor apartment

New Home​

Tools / Sites​

  • Facebook chapters
  • MagicBricks
  • 99acres
  • nobroker

Priorities​

  • Double your salary and knowledge in next 2 years
  • Budget - 25-40K
  • Office traveling distance (max 30 mins)
  • Park
  • Society (high rise apartment), walkable
  • Semi furnished (AC / Cupboard / Geyser)
  • Sunlight
  • Study room

Bathroom​

  • Check all tap and flush working or not
  • Taps valves should not be round or circular opening, but that can be opened when the hand is wet or dirty, with elbows

Amneties​

  • Nearby Park
  • Contemporary Clubhouse
  • Multipurpose Banquet Hall
  • Indoor Games Room
  • Toddler's Play Area
  • Amphitheatre
  • Multipurpose Court
  • Sit Out Zone
  • Fully Equipped Air-Conditioned Gymnasium
  • Adequate Multi-level Parking

Nearby​

Thoughts​

  • Don't live in tier 2 cities
  • Surround yourself with highly motivated and highly talented people
  • Low Crime Rates

https://transferwise.com/au/blog/property-tax-in-india

Stamp duty in Delhi: Stamp duty in national capital Delhi is six per cent. Women buyers, on the other hand, have to pay only four per cent stamp duty.

https://freefincal.com/real-estate-investing-practical-aspects-retail-investors-should-keep-in-mind

Why will I NOT buy a house?

New Flats​

Should you buy home? | Property investment in India - Future expectations | NIRANJAN HIRANANDANI | - YouTube

आपके सपनो का बंगलो | 4 BHK Ultra Luxurious Bungalow For Sale,Ahmedabad | 850 Sqyrd Villa #bungalow - YouTube

Buying vs Renting Home​

Unrecoverable cost of owning vs buying

Property Taxes, Maintenance costs, cost of capital

Take the value of the home that you are considering multiply by 5% and divide by 12

Never buy a home, don't buy a land too

  • Land is not that scarce, world has too much land (Africa is 9 times of India)
  • because house depreciates in value, but land appreciates in value
  • land is a commodity, house is a consumer good

Documents / Property Investing​

Thoughts​

  • Will you buy a 20 year old flat, what's the rate of 20 year old flat in a 20 year old society???
  • So flats area not an investment. It's a bubble that will burst
  • Same for a commercial property
  • Will you go to a 20 year old Mall??
  • Once analyse the resell market too
  • Never buy a flat in a society without living in the society on rent for atleast 6 months to a year.

Documents​

Don't Invest in Property before checking 10 DOCUMENTS ft. @LegalSHOTS | Real Estate - YouTube

  1. Title document - Sale deed, gift deed, conveyance deed
  2. Channel document
  3. Encumbrance certificate (no existing loan on the document)
  4. Occupancy certificate
  5. Allotment letter
  6. Urban development tax receipt
  7. Car allotment letter
  8. No objection certificate (noc)
  9. Mutation letter
  10. Conversion certificate

Flat buying tips - 21 points checklist before buying a flat | FLAT BUYING TIPS | Personal Finance | - YouTube

The REAL Cost of Buying a House in Delhi/Gurgaon? - YouTube

Noida Property Market EXPOSED: How Builders are Trapping Investors - YouTube

  • Builder transfer policy
  • Property transfer

Climate resilient​

World Risk Report 2022

WeltRisikoBericht - WeltRisikoIndex

Air pollution in Delhi reduces life expectancy by 10 years

Factors​

  • access to freshwater
  • availability of food
  • proximity to healthcare facilities
  • withstand extreme weather events
  • Areas that are less prone to extreme weather events, such as inland areas or regions at higher elevations, may be more resilient to climate change impacts than coastal regions or low-lying areas that are vulnerable to sea-level rise and flooding

India​

  1. The Himalayan region: This region includes states like Uttarakhand, Himachal Pradesh, Sikkim, and Arunachal Pradesh, which are at higher elevations and have access to freshwater sources. These areas are also less prone to extreme weather events, such as cyclones and floods, that can impact coastal regions. Additionally, these states have a strong tradition of organic farming and have relatively better healthcare facilities compared to other parts of the country.
  2. The Deccan Plateau: This region covers a large part of central and southern India, including states like Maharashtra, Karnataka, Andhra Pradesh, and Telangana. This area is relatively more stable climatically and has access to groundwater sources. The Deccan Plateau is also known for its agriculture and food production, including the cultivation of crops such as rice, wheat, and pulses.
  3. The North-Eastern region: This region includes states like Assam, Meghalaya, and Nagaland and has access to water resources such as the Brahmaputra and Barak rivers. This region is less prone to extreme weather events, although some areas are prone to landslides and floods. Additionally, the region has a high biodiversity and a rich cultural heritage.

International​

  1. Iceland, which is relatively less vulnerable to the impacts of climate change compared to many other countries. Iceland has a small population, abundant renewable energy resources, and access to freshwater. Additionally, Iceland has a strong focus on environmental conservation and sustainable practices, which have helped to mitigate the impacts of climate change in the country.
  2. Canada, which has a vast land area and diverse geography that may provide some resilience to climate change impacts. Canada has a relatively small population and abundant freshwater resources, which may be crucial as water scarcity becomes a more significant problem in other parts of the world. Additionally, Canada has taken steps to reduce greenhouse gas emissions and invest in renewable energy sources, which may help to mitigate the impacts of climate change.
  3. Australia, New Zealand, and certain countries in Europe such as Germany or Denmark
  4. Dubai - Moving to Dubai for Tax Free Crypto? Read Our Guide!
  5. Newzealand Japan Pacific ring of fire earthquake prone areas

The Best Citizenship in a New World Order - YouTube

Human Development Index - Wikipedia

Land​

1 hectacre (2.47 acre) land to be self sufficient

1 acre = 4046 sq mtrs = 63.6 mtr x 63.6 mtr

A person feeding themselves a vegetarian diet would need about an acre of land a year. If they were to eat meat by raising chickens, goats and cows this would be 3 acres and above.

Taxation​

Loan​

Real Estate / Realty Market​

Largest Real Estate Players in India

Noida Market​

Rates​

1.25 - 1140 sq ft, 6th 1390 sq ft - 20%, - 3 bhk - 1.35 lower, 3rd, 3.30

1850 - 2.05 cr -

1640 - 3 bhk, 1.65, mid floor (7 floor, 18 floor - phase 1) 18 2400 - 3+1 3075 - 3+1 and 4 - 3.50 cr

2bhk

10 years

Mahugan, - sector 78 - 2+study - 1250, 11th floor, 1.5 (7-8) Mahugan modern - 1550 - 2cr 1250 - 1.59 Hyde park - 2bhk - 1010, 3bhk - 1320 - 1.55 (6-8)

Ravi - amrapali -