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Friday, March 27, 2015

Regulations relating to Sewage Treatment in India

These days we come across self sustainable townships with dedicated sewage treatment plants. Sewage treatment is the process of eliminating contamination and pollutants from household sewage by way of chemical, physical, and biological processes. The effluents that are produced after sewage treatment are suitable for discharge or reuse back in the environment.

Local municipal bodies are responsible for carrying out the sewage treatment tasks within a given city. In India, households are dependent on Municipal bodies for sewage management. Through pipes and pumps, household sewage is collected and transported to municipal sewage treatment plant. In semi-urban areas or in villages, septic tanks are used for sewage management.

All solid waste and waste-water treatment is subject to the rules and regulations of the local, State and Central Governments. Municipal Solid Wastes (Management & Handling) Rules, 2000 or in other words MSW Rules are applicable to every municipal authority responsible for collection, segregation, storage, transportation, processing and disposal of sewage.

These rules and regulations clearly demarcate the roles of each department within a local body to carry out the tasks of sewage treatment efficiently and professionally.




Monday, March 23, 2015

Codes for design and development of earthquake resistant buildings in India

While buying an apartment in a builder project, one would have noticed the words ‘Earthquake Resistant Building’ in the ‘Specifications’ section.  This is mandated as per the codes and guidelines framed by The Bureau of Indian Standards (BIS).

As we know, a good part of North India and hilly regions have been classified as seismically sensitive zones or earthquake prone. Therefore construction of buildings in these regions has to be meticulous and as per the strict guidelines and set of rules laid down by The Bureau of Indian Standards BIS. Deviation from these guidelines may prove to be harmful in case of a severe earthquake. The buildings need to be designed in such a way that they can withstand the ground vibrations caused by earthquakes. Failure to adhere to guidelines can cause damage to human life and loss of property.

Image source: http://www.mapsofindia.com/

We have seen in past, how earthquakes have proved to be disastrous. And therefore, putting in place systems and guidelines that can avoid or limit the loss are extremely useful.

Find below the codes for design and development of earthquake resistant buildings in India:


Thursday, March 19, 2015

SMART HOMES- The Heaven Concrete

In today’s age of information technology, computers, and electronic devices, the world is getting smarter day by day. Not only smart phones, even houses with their structure and architecture are coming out with whole new features aiming at providing a better lifestyle. These ‘Smart homes’ give high quality system of comfort, security, space, and better conditions to live. The main features include advanced LED lighting, customized air tight doors, reflective window, insulated walls, modular kitchens, spacious bathrooms, kids’ rooms etc. An important characteristic of these homes is an interaction of the different parts of a house which not only saves time but also is convenient to suit everyday lifestyle.

Image Courtesy: Wienerberger

A smart home must have a proper scientific and rational design of architecture. The element of this must be proper use of lighting and electrical devices such as air conditioners, coolers, heaters etc. Remotes and touch panels are widely used today to save time. These remote controls help to change the light levels or fan speeds. Thus electricity and lighting can be used on one’s command.

The Blue Print of a smart home is its wall and roof. A house is structured on the support of its roof and wall made of bricks. Wienerberger produced horizontally perforated clay bricks for non-load bearing partition walls or infill masonry will definitely turn your home into something extraordinary. These light weight concrete bricks are of low weight with great thermal insulation and water absorption reducing dead loads, saving costs and helping in faster construction. They also help in building long lasting strong built roofs.

Image Courtesy: Telegraph

Smart kitchens form an integral part of a smart home. Technology is fused with different parts of the kitchen and thus can be controlled easily. Smart tablets or keypads in the kitchen help do more than one work at a time from the kitchen. These speed up cooking and provides user friendly atmosphere. Today’s refrigerators entertain through its innovative features of internet. Induction cook-tops help to save water and electricity. This provides safety and comfort too. There are few appliances which generates cooking tutorials with effective tips and warnings in the form of texts.

Bathrooms must be coupled with relaxation. Controlling of temperature of bath tubs and showers has become easier in one touch, including the proper use of sprays and steam in a Jacuzzi s. Audio and lighting of the shower can be altered with remotes and other devices. Touch less toilets, digital showers, and programming of personalized temperature, wi fi enabled electric heated floor, hand free faucets prevents spreading of germs and water conservation are few innovations for smart bathrooms.

Image Source: Point-dotcom

Bedrooms form the integral part of a house. Smart bedrooms not only enhances the look but also   space and storage facilities. Wall beds, technologically operated drapes, switches controlling the main door from the master bedroom etc. are exciting elements of smart bedrooms.

Few additional characteristics of a smart home are:-

  • SECURITY
    • Detection of outsiders through CCTV cameras and other devices
    • Alarm modes help prevent thefts
    • SMS to security control help in faster action
    • Motion sensors and door locks builds up strong safety program
    • Touch panel screen help to see visitor without opening doors
    • Remotes can be used to open doors
    • Gas leak detectors and valve controllers help to prevent accidents
Image Courtesy: Ableblogger
  • OTHER FEATURES
    • Water can be saved with smart water fixtures ensuring better experience.
    • Thermostats can be used to control energy and temperature of homes
    • WI FI controlled homes can get monthly energy usage reports.
    • Passive houses are examples to heat and cool the house according to ones desires 
    • Innovative tables  connected to internet offers several facilities
    • Automation in each room helps us make the best possible use of technology to have a pleasant stay.
Image Courtesy: Nebulabot

The jaw dropping success of technology and internet today has gifted us with smart living with the help of smart homes. They not only are convenient in our everyday life but also don’t let us compromise on our comfort and safety. 


This is a guest post by Monnanda Appaiah, Managing Director,Wienerberger India, wienerberger.in
To submit your guest posts, contact us at nirrtigo@nirrtigo.com

Tuesday, March 17, 2015

What are the fire safety requirements for building types and heights in India? Which are the organizations and institutions involved in fire safety in India?

While buying an apartment from a real estate developer, we come across payments towards Fire Fighting Charges (FFC). Normally, the FFC is charged by a developer on pro rata basis, i.e. 50 Rs/sqft or 100 Rs/sqft. Why do real estate developers charge their customers for FFC? Well, all builders need to provide for safe environment to the home seekers. And protection from fire is an integral part of the whole package of the building safety.

In India, Fire prevention and fire fighting is a state subject. However, the Ministry of Home provides technical advice to States/UTs and Central Ministries on Fire Protection, Fire Prevention and Fire Legislation. The National Building Code's Part 4 deals with fire and fire safety. Different states/UTs and local bodies in India have their own firefighting provisions, guidelines and regulations. Fire safety department of each area also issue fire safety guidelines to ensure safety of buildings and their occupants. For example, the Delhi Fire Prevention and Fire Safety Act, 1986 is applicable in the Union Territory of Delhi.

So, what are the fire safety requirements for building types and heights? Which are the organizations and institutions involved in fire safety in India? Find out in below document:


Friday, March 13, 2015

2015 will showcase high demand for luxurious homes in India

What does the real estate market hold in store for potential buyers and investors in the year 2015? Can consumers expect high returns on investment from luxury properties, apartments, and luxurious homes in India? There are numerous questions that may puzzle the consumers and it is crucial to make the right choice. Read further to discover how luxurious homes in India are set to elevate the real estate sector in 2015.



  • Real estate seen as a commodity

It has been known that the real estate and infrastructure sector has been the backbone of the Indian economy and a significant contributor to the economic growth of the country. Earlier, housing was seen as a form of luxury and lifestyle purchase. It was barely perceived as a commodity. During 2012-2014, investors and other buyers scooped up undervalued homes and took advantage of short sales, boosting overall sales volumes of luxurious homes in India. Real estate has become speculative because products have become short-term commodities. Buying second properties without the intent of flipping is not an easy task. There were many who bought luxury properties because they believed that earning high returns on investment in real estate was easy.


  • Rental market shows high demand

The 2014 apartment construction boom will lead to more supply in 2015, since multi-unit buildings take about a year to build. The NDA government aims to develop ‘smart cities’ across the nation and provide housing for all. Though a large number of buyers will be seen as homeowners, there would be an enormous number of interested buyers who will enter the market as renters. These days, the standard of living has progressed and people prefer renting luxurious homes in India.


  • The rise of nuclear families

Some may argue that joint families are still prevalent. No doubt, they still exist, but they have reduced in number. Young adults who are earning decent salaries plan households, which is another cause for the boom in real estate sales. The availability of loans in the market, both individual as well joint loans, makes it easier and less troublesome for interested buyers.


  • The supply and demand relationship

Today, there is high speculation about the demand and supply. When people wish to purchase or sell luxury properties, they do so, on the basis of speculation. You may have seen how the internet is constantly buzzing with the speculation of property rates. Real estate agents add to the buzz by predicting if the market will crash or rise. This speculation has enhanced volatility in the market and made it more unpredictable. So potential buyers who wish to buy luxurious homes or moderate budget homes in India should keep a track of the supply and demand levels.


  • Fear of the rising interest rates

Can you imagine buying a house when the interest rates are sky high? Real estate developers have figured out that people rush to purchase homes with the fear that interest rates on home loans may shoot up. Buyers need to focus on tangible and concrete factors while making a purchase. They need to ensure that they are not extending their financial abilities in the quest for home ownership.


  • Think before you act

Acquiring a house is a big decision and should be taken seriously, especially if you are planning to buy luxurious homes in India. You can be impulsive while buying a pair of shoes, but you cannot be the same while house hunting. Sometimes, predictions may state that the real estate prices will fluctuate in the short term and shoot up in the long term. But that does not mean you blindly follow predictions. If you wish to buy luxury properties as a long term investment, then take a look at the rental income that you can receive. See if it covers your expenses and provides a good profit margin.


  • Luxurious homes in India available at decent prices

Can you imagine living in a luxury apartment that you grabbed at a reasonable rate? House of Hiranandani (HOH), which is one the renowned builders in the country, has developed high-quality constructions and are making them available at moderate prices in the country. They believe that people from all walks of life are entitled to taste luxury and developing luxurious homes in the metropolitan cities of India.

Buying a house is entirely your choice and House of Hiranandani believes that you deserve the best. So, look out for their luxury properties in Chennai, Bengaluru, Hyderabad, and Mumbai. Purchase exquisite and luxurious homes in India that are designed to meet your comfort needs.

This is a guest post by Deepak Yewle

Monday, March 9, 2015

What is Land use Zoning in India? What are the uses that are permitted for various types of zones?

While developing the master plan for a particular city, the town planning officials make use of zoning regulations. So, what are these zoning regulations? Based on the city’s geography, the land use is zoned by town planning officials. For example, in flood prone areas, the land use may be restricted to parks, gardens, playgrounds. The construction activity in these areas/zones may be restricted. Similarly, in hilly areas, construction of residential premises may be prohibited. Therefore, in essence, zoning regulations are tools used by town planning officials to clearly demarcate land use for the purposes of development, welfare, and safety.

In cities, Zoning is done to earmark residential, commercial, industrial, recreational development. Certain zones within a given city are demarcated as residential zones, some as industrial zones, and some as institutional zones. All of these zones are clearly highlighted within a master plan of a city. The town planning department then invites private developers to bid or buy the piece of land within these Zones. Some developers may buy or bid for residential land, while some may opt for institutional land.

Zoning is a complex subject because it involves the optimum usage of limited land available to city officials. Zoning regulations are in operation in all major cities and towns of India to regulate the use of property within their jurisdiction. Agricultural, industrial, residential, commercial, recreation and forest areas are clearly marked on city maps.

Find below the ‘Types of Zones’ and the uses permitted for these Zones.

Thursday, March 5, 2015

Happy Holi 2015

NirrtiGo Wishes all stakeholders (customers, investors, real estate developers, housing finance companies, banks, brokers, architects) in real estate sector a Happy Holi 2015.




Tuesday, March 3, 2015

Hits and Misses of Budget 2015 for Real Estate Sector in India

Leading up to 28th February 2015, Budged 2015 was the most talked about event among business circles. Real estate developers, housing finance companies, banks, consultants were banking on reforms to boost the real estate sector. Did the sector get its due? Or there still is uncertainty looming large? We find out:


  • Allocation of Rupees 14000 Crores (2015-16) for National Housing Mission:

Prime Minister Narendra Modi has spoken about housing for all by 2022. As per the recent figures, there is need to build about 2 crores houses in urban areas and 4 crores houses in rural areas. National Housing Mission will be prepared by ministries of rural and urban development. This mission will subsume existing housing schemes. 60 Lacs houses will be built yearly for next seven years in rural areas.



  • Tax benefits for Real Estate Investment Trusts (REITs):

Mr. Jaitley in his budget 2015 speech rationalized capital gains tax regime for the sponsors of newly-created business structure REITs. At the same time, the Budget also proposed that the rental income arising from real estate assets directly held by the REIT would be allowed to pass through and to be taxed in the hands of the unit holders of the REIT.

"I therefore propose to rationalize the capital gains regime for the sponsors exiting at the time of listing of the units of REITs and INViTs, subject to payment of Securities Transaction Tax (STT). The rental income of REITs from their own assets will have pass through facility," Mr. Jaitley said.


  • No incentives to affordable housing sector:

The real estate industry was expecting that government would grant infrastructure status to affordable housing sector; however, budget 2015 disappointed them on this count. With infrastructure status, the cost of borrowing would have decreased for developers as well as home seekers.


  • Hike in service tax:

The service tax has been hiked from 12.36% to 14%. In other words, the cost of home will now go up. With this hike, the property value will rise by 0.41% of the old property value (when service tax was 12.36%).


  • Introduction of Benami Transaction Bill:

Mr. Jaitley announced the introduction of Benami Transaction Bill in his speech. The whole idea behind this bill is to curb black money in the property market. Prohibition of acceptance of an amount of more than Rs 20,000 in cash for any property deals is also part of the bill. However, will this bill have any impact on the realty market? Some feel, while the intent of government is good, but this may result in investors exiting the market.


  • Fiscal Prudence (Which means EMI may start to come down soon):

While the budget 2015 was a dampener for most real estate stakeholders, however, they all looked at the surface and did not scratch it. Most important factor has been missed by all Pundits looking at the real estate sector. Mr. Jaitley’s focus on fiscal consolidation will go down well with RBI. What it means? Well, the interest rates may start to come down soon. A reduction in interest rate will be good news for home loan consumers and those planning to take a loan to buy houses and cars. Sector revival is expected once interest rates begin to come down.

Saturday, February 28, 2015

Tax Exemptions for NRIs, PIOs, and the process of availing these benefits

India is among the top beneficiary of remittances from Indian Diaspora across the world. In 2013, India topped the list in inward remittances from Indians across the world. The total money sent by Overseas Indians in 2013 alone stood at 71 billion US $.



This investment from Non Resident Indians, Person of Indian origins is an important cog in the growth and development of the country. Not just India, economies and administration around the world appreciate investments from overseas as an invaluable and sustainable feature of their economies. India is no exception and successive governments at the center have reached out to this huge audience by offering slew of measures ranging from tax benefits to relaxed visa facilities.

The Indian central government is continuously reaching out to Non Resident Indians (NRI), Person of Indian Origin (PIO), and Overseas Corporate Bodies (OCB) by offering several incentives and exemptions such as relaxations on income tax, wealth tax, gift tax, etc. At the same time, sops are also offered to NRI, PIO to invest in real estate sector and housing. Furthermore, recognizing that NRIs and PIOs pay taxes in two countries, the Government signed the Double Taxation Avoidance Agreement (DTAA) with several countries to lessen the tax burden. Incorporation of the Authority for Advance Ruling has also eased the process for tax payers by avoiding disputes with regards to assessment of Income Tax liability in case of Non-Residents and also specified categories of residents.

At the same time, one must also note that different state governments in India levy additional taxes but also offer exemptions offered by central government. How can an NRI, PIO avail these tax benefits?

Find below the detailed document.

Monday, February 23, 2015

What are the various State wise rooftop rainwater harvesting legislation in various Indian states?

Monsoon in India is one of the oldest weather observations which happen from June to September every year. It is a major weather phenomenon because of its influence on the lives of people and their well being.

Average rainfall across various Indian states is as follows:

Sl. No. State Meteorological Divisions Average annual rainfall (mm) Average annual rainfall (ft)
1 Andaman and Nicobar Islands Andaman and Nicobar Islands 2967 9.73
2 Arunachal Pradesh Arunachal Pradesh 2782 9.13
3 Assam Assam and Meghalaya 2818 9.25
4 Meghalaya Assam and Meghalaya 2818 9.25
5 Nagaland Nagaland, Manipur, Mizoram and Tripura 1881 6.17
6 Manipur Nagaland, Manipur, Mizoram and Tripura 1881 6.17
7 Mizoram Nagaland, Manipur, Mizoram and Tripura 1881 6.17
8 Tripura Nagaland, Manipur, Mizoram and Tripura 1881 6.17
9 West Bengal Sub-Himalayan West Bengal and Sikkim 2739 8.99
10 West Bengal Gangetic West Bengal 1439 4.72
11 Sikkim Sub-Himalayan West Bengal and Sikkim 2739 8.99
12 Orissa Orissa 1489 4.89
13 Bihar Bihar Plateau 1326 4.35
14 Bihar Bihar Plains 1186 3.89
15 Uttar Pradesh Uttar Pradesh 1025 3.36
16 Uttar Pradesh Plain of West Uttar Pradesh 896 2.94
17 Uttar Pradesh Hills of West Uttar Pradesh 1667 5.47
18 Haryana Haryana, Chandigarh and Delhi 617 2.02
19 Delhi Haryana, Chandigarh and Delhi 617 2.02
20 Chandigarh Haryana, Chandigarh and Delhi 617 2.02
21 Punjab Punjab 649 2.13
22 Himachal Pradesh Himachal Pradesh 1251 4.10
23 Jammu and Kashmir Jammu and Kashmir 1011 3.32
24 Rajasthan West Rajasthan 313 1.03
25 Rajasthan East Rajasthan 675 2.21
26 Madhya Pradesh Madhya Pradesh 1017 3.34
27 Madhya Pradesh East Madhya Pradesh 1338 4.39
28 Gujarat Gujarat region 1107 3.63
29 Gujarat Saurashtra and Kachchh 578 1.90
30 Goa Konkan and Goa 3005 9.86
31 Maharashtra Konkan and Goa 3005 9.86
32 Maharashtra Madhya Maharashtra 901 2.96
33 Maharashtra Marathwada 882 2.89
34 Maharashtra Vidarbha 1034 3.39
35 Andhra Pradesh Coastal Andhra Pradesh 1094 3.59
36 Andhra Pradesh Telengana 961 3.15
37 Andhra Pradesh Rayalaseema 680 2.23
38 Tamil Nadu Tamil Nadu and Pondicherry 998 3.27
39 Pondicherry Tamil Nadu and Pondicherry 998 3.27
40 Karnataka Coastal Karnataka 3456 11.34
41 Karnataka North Interior Karnataka 731 2.40
42 Karnataka South Interior Karnataka 1126 3.69
43 Kerala Kerala 3055 10.02
44 Lakshadweep Lakshadweep 1515 4.97

As we all know, rain is the primary source of water while rivers, lakes and ground water are the secondary sources. Our daily consumption of water is fulfilled by secondary sources of water. However, these secondary sources of water are replenished by primary source of water (rainfall). Therefore, it becomes imperative for all of us to harvest this rain water in order to refill rivers, lakes, ground water.

Advantages of Water harvesting

  1. Provides drinking and irrigation water.
  2. Increases groundwater recharge.
  3. Reduces storm water discharge, urban floods and overloading of sewage treatment plants.
  4. Reduces seawater ingress in coastal areas.



An example,

Let’s take the case of Delhi; the average annual rainfall is 617 mm or 2.02 Ft. In a given area of 1 Ft by 1 Ft, the rain water that can be harvested every year will be 2.02 Cubic Feet or 57.21 liters. In other words, every household can harvest 57.21 liters of water in an area of 1 ft by 1 ft. If you have a roof of 50 ft by 20 ft, the water harvested would be 57206.4 liters.



Now, is this water harvested properly? Households, residential complexes, commercial complexes can harvest rain water by capturing runoffs from rooftops. The water thus captured can either be stored in a community water tank or allowed to go to the ground via a pipe which helps in refilling or increasing the ground water levels of a given region, thus, reducing the scarcity of water.

ACTION TAKEN BY VARIOUS STATEs / UTs / MUNICIPAL CORPORATIONS TO MAKE RAIN WATER HARVESTING (RWH)/ROOF TOP RAIN WATER HARVESTING (RWH) MANDATORY



Friday, February 20, 2015

4 modes to pay Stamp Duty and registration fee for your property transactions

There are four modes to pay Non-Judicial Stamp Duty and registration fee for your property transactions. You will have to select the mode of payment on the basis of the amount of stamp duty you are required to pay. The modes of payment are as follows:
  1. Franking
  2. GRAS
  3. ESBTR
  4. Stamp Paper

Out of the aforementioned stamp duty modes, franking is useful only when your stamp duty amount is less than Rs. 4,999 (Four Thousand Nine Hundred and Ninety Nine Rupees). If your stamp duty amount is more than that then you look towards other modes.


Franking

Franking is simply a government stamp which is printed on a Paper. You could pay a maximum amount of Rs. 4,999 (Four Thousand Nine Hundred and Ninety Nine Rupees) by franking,

you are required to deposit the stamp duty amount with the bank where franking service is available and get the page of your Agreement/Deed or other pertinent document franked. Please remember that signed documents are not accepted for franking.

GRAS (Government Receipt Accounting System)

To pay through GRAS, your stamp duty amount should be more than Rs. 5,000/- (Five Thousand Rupees). This service is available in selective branches of few banks. Stamp duty amount less than Rs. 50,000/- (Fifty Thousand Rupees) could be paid in cash while more than that amount has to be paid through NEFT or RTGS.

You are required to fill your personal identification and property details on GRAS website and take a print of the filled form. This form is known as challan. Further you are required to submit the challan with the relevant bank authorities and they will do the needful.

There is also a provision to complete the whole process online, if you are well versed with net banking. If you wish to complete your payment online then please select "e-payment" as your payment mode and continue towards payment.

List of Banks where GRAS service is available:

  • Andhra Bank
  • Bank of India
  • Bank of Maharashtra
  • IDBI Bank
  • Punjab National Bank
  • State Bank of India
  • State Bank of Hyderabad


ESBTR (Electronic - Secured Bank & Treasury Receipt)

To pay through ESBTR, your stamp duty amount should be more than Rs. 5,000/- (Five Thousand Rupees). This service is available in selective branches of few banks. Stamp duty amount less than Rs. 50,000/- (Fifty Thousand Rupees) could be paid in cash while more than that amount has to be paid through NEFT or RTGS.

You are required to fill your personal identification and property details on the site of selected banks which provide the services. Take the print out of the filled form and submit it to the selected bank branch, the bank authorities will do the needful.

List of Bank links where ESBTR service is available:

  • Bank of Maharashtra
  • IDBI Bank
  • Punjab National Bank


Stamp Paper

Once the most convenient way of paying stamp duty has now been reduced to being a cumbersome process. The new government formalities require that the stamp vendor record every detail about stamp purchaser and the transaction, the details are then mentioned at the back of your stamp paper.

The buying process being time consuming may invoke choicest of curses, however do keep in mind, that it is an attempt by the government to introduce some transparency in the buy/sale process of stamp Papers.

Now a days, some sub registrar offices insist on stamp duty payments by other means, hence make sure to confirm with the registrar's office first before investing in Stamp Papers.

Conclusion: These are the methods of Stamp Duty and Registration Fee Payment. Choose wisely and ensure that you have understood the various modes and processes completely before trying the same. In case you have any doubts and queries regarding the procedures, kindly mail us at nirrtigo@nirrtigo.com and we will do our best to address them. Thank you for reading.

This is a guest post by Sarvesh from Legal Counter

Tuesday, February 17, 2015

Buy luxurious homes in South India for maximum financial benefits and good ROI

Even though the prices of real estate are shooting up, still people are looking at it as an opportunity to invest. There is an increase in the demand for luxurious homes and residential properties in southern Indian cities such as Bangalore, Hyderabad, and Chennai. Potential buyers and investors are rushing to grab great deals as a part of their investment and secure their future. Read further to know why buying luxurious homes in these regions of India is the right decision for you.


  • Changes in the southern environment

When talking about the environment, it does not just mean the surroundings. The improvement in the economic, geographic, demographic, and psycho-graphic attributes of the target audience in these southern cities make it a perfect place to invest. Earlier, the market in South was price sensitive, and buyers usually focused on affordability. But, now with the boom in technology and decrease in unemployment, the doors to investing in the South have opened. In fact, successful multinational corporations and organizations in India see these cities as prime locations to set up their back offices, branches, manufacturing units and plants. So, there has been a vast improvement in the employment opportunities and the economy. The citizens of India and NRIs abroad are now considering buying luxurious homes and villas in Bangalore, Hyderabad, and Chennai.



The residential market in Chennai has proved to be the steadiest. It was resilient even after the global economic downturn, which was the toughest period for the country’s property market. Luxury apartments in Chennai areas such as ORR, Vadapalani, Ashok Nagar, and Alandur along with the metro rail link road are in demand. South Chennai is one such space in India that is filled with luxurious homes. The real estate market forecasts that potential investors can seek a significant return on investments from this hotspot. The proximity to the Chennai International Airport and development of infrastructure has led to a rise in the demand for real estate in this city, thanks to the Tamil Nadu State Government. A string of township projects by a renowned developer such as House of Hiranandani and others are now being eyed by potential buyers.




Another spot in India that you cannot miss out on is the city of gardens: Bangalore. Due to the advanced technology, locales, and available resources, the city has been attracting many global companies. Due to this, beautiful villas and luxurious homes have been sought by investors in Bangalore, India. So, if you are looking for safe investment opportunities, then Bangalore should be an ideal place for you. The developments in North Bangalore, central business districts, sub-markets in the outer ring road, and Whitefield have doubled in terms of capital value over the last few years. Market reports predict that it will increase even further, and investors should not delay the process of buying their dream homes.


    • Hyderabad

Properties in Hyderabad offer value for money, and you won’t be committing a blunder by purchasing luxurious homes in this city of India. These days, the sociopolitical and economic scenario is favorable to the real estate sector in Hyderabad. There are multiple projects with beautiful interiors that are being constructed by one of the best developers in the country: House of Hiranandani. In India, Vijayawada is one such hot spot located in Hyderabad that has residential properties and luxurious homes in its vicinity. Speculations reveal that the prices will shoot up in the next few years, and so investors are advised to purchase homes in these areas now.

This is a Guest Post by Deepak Yewale on behalf of House of Hiranandani who has been known to build luxurious homes and villas in India. Their current projects, in the cities mentioned above, reflect a plush lifestyle and act as an excellent platform for investment. So, if you are getting ready for house hunting, you may like to consider House of Hiranandani.


Thursday, February 12, 2015

Top 5 Reasons That Makes Bangalore an Ultimate Expat-Friendly Destination

Asia’s Quality of Life Index for the year 2015 is out that ranks different cities in the continent on the basis of factors like Purchasing Power Index, Safety Index, Property Price to Income Ratio and Pollution Index, to list a few. The surprising data reflects one of the most high-profile and cosmopolitan cities of India, Bangalore bagging a respectable position in top 15.

Industrialization and flourishing economy are also two most important factors that have placed the city at such a top rank and ahead of fierce competitors like Delhi, Kolkata and Mumbai. Bangalore has gained much popularity among the expat population and thereby the migration rate with respect to the city increases by every quarter of a given area. There must be something really special about Bangalore that not only makes it stand apart but also a favorite among the expatriates as well.



Here are some of the shining reasons that may compel the people who haven’t tried Bangalore, to actually go and experience the city:


  • Mecca of Industries & Business Hubs

Entrepreneurs believe Bangalore lures them with its unique features, such as a unique culture of mentorship and networking that permeates the city. This very revolution has not only upgraded the brand value of the city but has also created the much-needed ripples in the employment market here. Businessmen are taking interest in the economy and business hubs here. New companies and startups are being established here, which in turn generates employment and accounts for a better standard of living here. Moreover, the city experiences a very high density of investment into different industries like Aviation, IT and manufacturing, which has boosted the quotient of the city to a next level.

  • The Colorful Housing Market

The city is the major IT and manufacturer’s hub; therefore, the city attracts workforce from all over India as well as abroad thus leading to massive housing needs. The realtors understand the fact and realize the worth of the expatriate population relocating to the city. The real estate segment of Bangalore catering to the mid-income group has huge number of construction projects owing to the presence of mid-level IT workforce in the city. However, as the city also pulls in a group of larger global corporations thus the need for the HIG housing is also on the rise significantly. The wide range of property options in Whitefield exemplifies luxury as well as affordability in a nutshell.

  • Booming Infrastructure 

Bangalore is a metropolis and has almost everything within, which place it ahead of all the strong counterparts, such as Mumbai or Delhi. The city has wide smooth roads, better commercial areas, well-laid institutional areas and much more. An expat with family can have an easy life here as accessibility to the entities of comfort is easier and manageable as well. Apart from this, the real estate market here in Bangalore is also steadily making Bangalore a beautiful place to watch out for. There is now a hopeful horizon for metro rail, better infrastructure projects and much more to come.

  • The Lifestyle

There is no doubt about the fact that Bangalore has a lifestyle to rave about. Owing to a large expatriate population, Bangalore’s populace is more than 50% young and dynamic. This is one of the most important factors that make the lifestyle here, kaleidoscopic and funky at the same time. The market areas and the commercial zones are plush and quiet down to earth at the same time. There are market areas that will be swanky and in some parts there will be bazaars that are crowded and flocked with sale and cheap products. Bangalore is now defined by cleanliness, affordability and a populace that mimics the western culture followed within a boundary, in a safe way.

  • The Intangible Aspects

The intangible aspects here refer to the facts that caught the minds of people all over the country and even abroad. The hip crowd, moderate climate and an amazing lifestyle are some of the factors that accounts for a better life for both natives and newbies in the city. People who face health issues owing to climatic conditions can live at ease, modernity blended with the right education and a manageable cost of living are some of the sweet facts that has not only surged the brand quotient of the city but has also contributed towards foreign interests in both business and lifestyle improvement arenas.

Go Bangalore!

Bangalore is a city that gives a totally different perspective for the life. Be it the bus stops, airports, the Indian Institute of Management or the markets; everything about this city is just amazing and extremely expat friendly. Once into this city, an individual will never fall short of places that will ooze out the rich south Indian culture or modern lifestyle to the maximum.



This is a guest post by Vineeta Tiwari who is a keen writer on Global Economy and Realty market. She has written articles on Global realty market and ongoing trends and tips for investors. An ardent reader, she is happy to pen down research based write-ups for global audience. Currently, she is professionally associated with popular realty portal, 99acres.com

Tuesday, February 10, 2015

5 Home Projects That Are Best Left To Professionals

If you’re remodeling your house, there must be a number of things you want to change about it. And if you want your house to be a particular way, you might think that it’s always better to make these changes yourself. But remember, you are still an amateur and some things are better left to the professionals.

Professionals are called so for a reason.  They survey your house, understand your requirements, negotiate the price, and most importantly they get the work done according to your tastes and preferences. They make even the toughest work look effortless. Needless to say, for the following home improvement activities, hire a professional.


  • Plumbing

Plumbers have a lot of experience up their sleeve and they usually carry out their work flawlessly. But mind, if you ever get so adventurous and try plumbing by yourself, there is a definite chance that you might end up flooding your house. Remember plumbing is no child’s play. One wrong move and it can bring down your house, literally!




  • Electrical Work

Flipping a fuse switch and checking for faulty wiring is hardly the same thing. Electrical work is pretty serious business and there are more things that can go wrong than right, if you don’t know what you are doing. You obviously don’t want to electrocute yourself or your family members, right? That’s exactly what could happen. This work requires precision and most of all, a license.


  • Tree Removal

This is no joke. You might think that you are well-equipped to uproot a few trees, but this clearly is not your stage to rock. Even hardened pros can go wrong with this process. Tree cutting and removal is a dangerous task and professionals have a lot of training that they have racked up for majority of their life. So it’s better to stay away from this as it also requires dangling from extreme heights with dangerous tools.




  • Water Proofing Your House

Seen many water proofing home videos on YouTube or random DIY sites in your time? Think you got what it takes to go about waterproofing your house single hand? You really won’t be able to pull it off. This is another area where you should stay away from, as this process is both time consuming and confusing.


  • Flooring

How hard can laying some tiles or spreading carpet across your living room be? Pretty easy right? Wrong! You will need precision equipment to cut through the tiles or the carpets to the exact length as required. Also these things take a lot of hard work so it wouldn't help if you fizzle out while doing it.



It only takes a fair amount of cash to get this work done. As enthusiastic as you are, hiring a professional will save you so much trouble, tension, and time.


Yogendra is a content strategist at commonfloor.com. He is knowledgeable and familiar with the Indian real estate market. He blogs on Indian real estate properties, news, price trends, home decor, home loans, etc.

Friday, February 6, 2015

How can Real estate developers in India develop a Project With A Foreign Company??

Budget 2014 brought in a lieu of measures for real estate sector in India. Among the many measures announced in budget 2014, the one which can have meaningful impact on realty sector in India was ‘Relaxation in Foreign Direct Investment (FDI) norms for real estate sector ’.

The area requirements for Construction-development projects were reduced to built-up area of 20,000 sq. mts now from 50000 sq. mts earlier. At the same time, Minimum capitalization for wholly owned subsidiaries were reduced to US$ 5 million now from US$ 10 million earlier.

Now, with these relaxations, it gives large as well as small scale developer an opportunity to develop realty projects jointly with foreign companies. The level of partnership between an Indian developer and the foreign company can be financial, technical, or both.

Indian real estate developers in partnership with foreign companies can undertake the development of township, group housing complexes, office space premises, retail buildings, roads & bridges. The FDI in the sector is permitted through the automatic route, i.e. without requiring the additional approval of the Foreign Investment Promotion Board.

A foreign company may choose from following formats:

  1. Wholly owned subsidiary
  2. Branch office
  3. Project office
  4. Liaison office
  5. Joint venture


The typical models followed in real estate sector are:

  1. Private equity capital
  2. Joint venture company
  3. Joint development agreement


Find below the detailed guidelines for developing a real estate project with a foreign company:



Tuesday, February 3, 2015

How to Obtain a water connection in India??

Having analyzed the construction stages and construction cost estimate in our previous articles, we now focus our attention to finer details. What is the single most important item that you will need from authorities? Well, it is a functional water connection. You need water supply for construction work as well as for consumption when you move into the house.

Obtaining Municipality water connection at the very beginning of construction work helps in cutting down the expenses you may incur on supply of water from private players.

Whether you are looking to get water connection for your house or commercial space or for a group housing society (by builders), the procedure to apply for water connection remains same. Obtaining valid water connection in a sense also reconfirms that your property documents are in order. Home seekers looking to buy an apartment in a builder project shall also verify with the builder if he has obtained necessary approvals along with valid water connection.

Local bodies sanction water connection certificate after carrying out proper due-diligence.

Here is a detailed procedure of procuring a water connection in India:

Friday, January 30, 2015

Which are the governing and regulatory bodies for Housing Finance sector in India?

Continuing with our focus on housing finance sector in India, in this article, we will discuss the role and importance of regulatory bodies governing the housing finance sector in India. Given the pace at which housing finance sector has grown over the years, it becomes imperative that established and emerging housing finance players abide by the rules.

In order to ensure smooth functioning of the housing sector, these regulatory bodies lay down the general principles of lending to customers. While Reserve Bank of India (RBI) is responsible for monetary policy of the country, the National Housing Bank (NHB) oversees housing finance companies. NHB also supports and promotes housing finance institutions.

In addition to these 2 institutions, there are committees/institutions set-up by states and central governments which also have a say in regulation of the housing finance sector. Additionally, Banks and Housing finance companies are also regulated by the Securities & Exchange Board of India (SEBI).

Find below the detailed list of regulators governing the housing finance sector in India:

Tuesday, January 27, 2015

Looking to construct your own house on a given piece of land? Pay attention to stages of construction and the cost part of it.

Planning to build your home on a piece of plot? What are the things that one needs to keep in mind before embarking on a year long journey of construction and dealing with multiple contractors, suppliers, etc? Surely, as an owner of the plot, you would have got multiple offers from architectural firms, contractors about the cost estimate. However, before even talking to these firms, one need to do his/her cost estimation.

Constructing one’s house is not easy because of the nature of the work. One needs to work/deal with professional firms such as architects, contractors and at the same time deal with labor. Therefore, you not only need to plan the stages of construction but also the costing part of it. Doing the cost analysis helps you in analyzing what you need to build and what you can postpone for future dates. For example, if your budget is limited, then in all likelihood, you may not go for modular kitchens, lavish bath fittings, etc.

Here we present the quick ‘to do’ list for you to arrive at a guesstimate of cost that you may incur during the construction of your dream house. This will help you in planning your construction stages as well as cost part of it.

Friday, January 23, 2015

List of Housing Finance Institutions of India

Owning a House is a dream for every household in the country. The new government has also set an ambitious target of ‘Housing for all’ by 2022, a challenging yet achievable task. To fulfill this objective, providing housing finance at affordable rates is paramount. Therefore housing finance companies will play an extremely important role in this noble endeavor.

Who are the major players in this area currently? Can the list be expanded given the enormity of task? Things will unfold as we move along.

There are 2 kinds of housing finance companies, one, which accepts public deposits, and the second kind do not accept public deposits. Housing finance companies are regulated and supervised by National Housing Bank. Housing finance companies offer loans for purchase of commercial and residential properties. Find below the detailed list of Housing finance companies in India:



Monday, January 19, 2015

Social Media-The Most Effective Marketing Tool For Real Estate Agents

Real estate is a business which depends greatly on personal contacts. But in order to succeed in the industry as a real estate agent, one needs to have a good presence on social networking sites like Facebook, Twitter, LinkedIn and Stumble Upon. Here are some points which you need to follow to find out why social sites are important for real estate agents:-

  • Realtor with a good presence on social media make a great number of connections 

As a real estate agent, you need to post the listings of your services on social media. If you are new to this profession, post about your services in the neighborhood, explain about the plus points of your services and how people can avail it. What are your prices? How do you charge your clients? What are the new offers that you intend to launch in coming weeks or months? Be as transparent as possible.

  • Promote social events which take place in your locality

Post social events that are taking place in the immediate neighborhood on social networking sites. This will make people living in other areas familiar about your upcoming seminars, info sessions, and networking opportunities.

  • Pictures and videos speak a hundred words

You can also share pictures and videos which tell stories. This is because most people, who use social networking sites prefer to go through stories that involve photo, video and audio content instead of text alone. There is no need to spend a huge sum on that either. Use your Smartphone in order to take pictures and short videos of clients and all the exciting things happening in your target areas. You can easily upload it to any other social networking site. At the same time, try to make sure that the posts, which you share on Facebook or Twitter, are not too generic or too promotional.

In case, you find something interesting about the realty sector in India such as useful data, price trends, government notifications, etc., then don’t hesitate to share it on these sites. It will help in building your brand within your locality. Your priority should be on creating posts which show your company’s verticals in an interesting manner. Keep a track of the people who are following your online social pages and find out how they are engaging with your page.

  • Pay special attention to increasing number of likes on social media pages

One of the key factors behind the success of your company’s website on social media is by delighting your clients on a regular basis. Create contests and encourage your clients to join a conversation for a chance to win gift cards. Delighted clients will share their experience with people who are close to them.

  • Judicious use of Facebook

Compared to other social networking sites, Facebook is one of the most suitable places for promoting Real estate services. Make sure that most of the content is dedicated to property news, trends, and anything that is of immense importance to your clients.  While the remaining content or posts can be about the services you are offering to them.

Guest Post by: Sheela Joby is a freelance writer with an experience of 10 yrs. Apart from writing, she is into photography, traveling, music etc.