Making the right choices with short term finance

There are so many people these days relying on online instant loans. The bottom line is, you don’t want to rely on merely loans online in order to answer for your financial woes. What you need to do is to make sure that you are also making the right decisions financially in order to have the best things in life. If you are not making the right decisions in life, you are going to be faced with bankruptcy. You need to understand that you need to work hard, in fact today you need to even improve you plan when working. You want more money if possible with other means of income in order to pay for liabilities or in order to stay away from bad financial moves. What you want to do today is to make sure that you are only using the best lending options out there. There are different loan options today. You could either have a long term or a short term loan depending on the need that you have.

If you are going to have a long term loan, you need to know that you are supposed to use it for investments. One of the most common mistakes with the long term loans is that it is used for items that are not really important. You want to have an item that is important and you want to make sure that you are actually capable of making it grow in terms of value. For instance, if you needed money in order to have a business, you would rather have it growing in the next years in order to make the most of the loan that you had.

For cash advances, this type of financial arrangement is only used on things that are considered financial emergencies. You want to use it on things that are considered problematic and needs immediate solutions. The fact that you don’t have much time when you pay for the payday loan is a sign that you should only use it with caution. There are so many individuals today getting payday loans in order to have the immediate help that they need in life. Considering that the companies like bonzapayday.com.au are willing to approve of your loan in just an hour, this is a great help for you though you need to consider paying it on time to avoid penalties.

Short term loans if you are retired

Retirees are typically rejected by payday loans online firms. If you come to think of it, the payday lending firms are only protecting retirees from debts. The fact that you need to pay for the loan on the next paycheck is already trouble for retirees. The retirement pensions may sometimes not make the cut in order to pay for loans pegged at 25% interest. What you would rather have is a long term loan that would allow you to pay for your debt for a longer period of time.

For a retiree, it is not really suggested that you are still asking for loans. Knowing that your productive years are behind you, what you want to do is to reap are the benefits of your 30 years. In reality, not all retirees are experiencing a pleasant retirement. Due to the recession, more families are declaring bankruptcy because of the loans that they took plus the fact that they were laid off from work. If you are planning to have a retirement that is secured, you would want to have investments on properties that would appreciate in value. You would also want to explore the possibilities of a passive income.

For someone who still has a job, you should only go for instant bad credit loans as a last ditch effort. This means that if you are going to have a payday loan, you will need to ensure payment right after the next payday. This type of debt runs from 30-70 days with an interest of 25%. The interest is fixed from the 100 loan to the ceiling of 1000.

Though the lending firms offering payday loans actually have an easy way of “screening” borrowers, you still need to meet the requirements. Thus, you will need to be employed and earning at least 333 a month. If you are faced with an emergency, this is the only time that you should be calling, texting or applying online for a payday loan. You should keep your finances intact in today’s time. For a retiree, it is now hard to have a loan. What they should do is to ask for the help of the government and explore ways on how to meet the monthly dues.

Rates Skyrocketing for Residential Projects in Goregaon

Real estate companies are launching various residential projects in Goregaon, offering attractive options to the buyers. This suburb has witnessed unprecedented growth in the last few years. It has emerged as a sought-after location for potential buyers from Mumbai and all over India.

Affordable Rates Compared to Central Mumbai

Being one of the greenest suburbs in Mumbai, this lush destination is a favorite among buyers who don’t want to stay in a densely populated area of Mumbai. Rate is also an important factor due to which this suburb has become quite popular. Even though property rates have skyrocketed in this area, price of a flat in Goregaon is still affordable compared to the rates in Bandra and Andheri. Since belts from Bandra-Andheri and Powai have become unaffordable for majority of buyers in the city, they are coming to Goregaon for buying a property.

Developers Launching New Residential Projects

Considering the growing demand, property developers as well as real estate agents in Mumbai are making good money by helping people buy, sell or rent Goregaon properties. Developers are taking advantage of the growing demand by launching large township projects and residential complexes with luxurious yet affordable flats. They are offering world class amenities to ensure a comfortable living experience for the buyers.

Why Buy a House in Goregaon?

Located in the northern part of Mumbai, this suburb is easily accessible through auto-rickshaws, trains and taxis. Film City and Filmistaan are also located in this part of the city. Many famous Bollywood celebrities and businessmen also have a house in Goregaon.

This suburb is quite close to commercial areas such as Andheri and Bandra. The Western Express Highway is in proximity, making it easy for the residents to reach other parts of the city conveniently.

Proximity to Bandra-Kurla complex and eastern and western suburbs has accelerated the demand for properties in this area. It has reputed colleges, schools, malls, restaurants and healthcare facilities. Growth in infrastructural facilities at Goregaon has pushed property rates.

Per square feet property rate in Goregaon West ranges between 12,500 and 15,500 whereas in Goregaon East, properties are available at 12,500 to 18,500 rupees per square feet.

Will 2015 Bring Good News for Mumbai’s Real Estate Sector?

Last year, cities like Mumbai and Kolkata didn’t witness any increase in demand for properties, however, some developers launched new projects during the end of 2014. According to the industry experts, 2015 will bring some good news for the housing sector in India. It is being predicted that global investors will start showing renewed interest in India’s residential market. Spike in FDI (Foreign Direct Investment) in the real estate sector will also increase. Developers will be able to enjoy improved liquidity as new rules for Real Estate Investment Trusts are also expected to be implemented this year.

In order to increase demand, developers will have to make price corrections. This might prove to be a good year for buyers looking for attractive realty options in Goregaon or other parts of the city.

Residential property in Mumbai is out of reach for middle income buyers

As per a 2014 survey by Savills, a reputed real estate firm, Mumbai was ranked as world’s 12th most expensive city for living and working. Besides Mumbai, cities like London, Pairs, Tokyo, New York and Sydney were also ranked at the 12th position. According to the industry reports, there is a wide gap in demand and supply of residential property in Mumbai. However, this has not pushed developers to reduce the rates in order to sell more units.

Whether you are looking at apartments in Dadar or searching for a flat in Bandra, prices are skyrocketing despite market changes. For instance, in Navi Mumbai, rates are quite high for residential units due to the proposed new airport. Even though the airport is nowhere in the picture, rates have been increasing for the buyers. So, what is causing the prices to increase despite people not buying properties? Some believe that the realty market in India works according to the politicians and real estate companies. Politicians have an incentive in holding the prices at a high level.

As pointed out by the Residex Index of National Housing Bank, rates in the city increased by 18.7% between 2011 and 2014. This increase happened despite the fact that unsold property inventory has grown significantly.

Expensive Areas for Residential Property Investment

Altamount Road is one of the most expensive residential streets in Mumbai. Mukesh Ambani, Chairman of Reliance Industries and Kumar Mangalam Birla, Chairman of Aditya Birla Group have their house on this road which is located in the southern part of the city. This street is also home to various other business families such as Tatas and Mafatlals. Many Bollywood actors also have their flats and bungalows on Altamount Road which is parallel to the Peddar Road.

Reportedly, buyers will have to shell out approximately 60,000 INR per square feet when buying a house on this street. Gentry make this address extra special. Compared to other parts of Mumbai, this location has a lot of greenery. Antilla, the 27-storey, luxury home of Mukesh Ambani is the star attraction of this road.

Can Buyers Expect Price Correction in Future?

According to a knight Frank report, a global real estate brokerage firm, there is a mismatch in demand and supply of MMR’s (Mumbai’s Metropolitan Region) residential property market. This mismatch resulted in a pile up of around 2.15 lacs unsold residential units last year. According to experts, it will take approximately three or more years to sell off these units because rates are too high for buyers to enter the property market.

The realty market in the city doesn’t work on demand and supply. Compared to 2013, demand for properties within the MMR went down by 25% in the first quarter of 2014. City-based developers are not in the favor of reducing prices because this market has a huge holding capacity. There are slim chances of any price correction in near future. Unsold units are mainly located in extended suburbs such as Navi Mumbai, Dombivli, Vasai, Virar and Kalyan.