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Coronavirus in India: Tips to keep your house safe from Coronavirus

Coronavirus in India

About Coronaviruses

As the new Wuhan coronavirus has spread not solely over mainland China but also worldwide, panic amongst people is rising day-by-day. Inside China, there is a growing sense of helplessness, because the government is forced to take severe steps to prevent the virus, including some travel restrictions in Beijing. Death toll in China nears 1,500, confirmed cases cross 65,000. Meantime, the World Health Organization (WHO) has warned that confirmed cases of coronavirus are spread among people who have never moved to China. The first possible case of this virus in Ontario was identified on 25th January 2020 and has evidence of limited human-to-human transmission.

What are Coronaviruses?

Coronaviruses are a large family of viruses that can cause illnesses varying from the common cold to serious respiratory infections like bronchitis, pneumonia or serious acute respiratory syndrome (SARS). Some causes illness in humans and others cause illness in animals, such as bats, camels, and civets.

  • Coronaviruses are spread mainly from person to person through close contact, for example, in a household, workplace or health care center.
  • Some human coronaviruses spread easily between people, whereas others don’t.

Your risk of critical illness is also higher if you’ve got a weakened immune system. This might be the case for:

  • Older people
  • People with chronic illness (for example, diabetes, cancer, heart, renal or chronic lung disease)

Advice if your child has a fever and cough

If your child gets a fever and cough, this is what you should do:

1) Call your doctor’s office for advice specific to your child and your community.
2) If your doctor does not think your child needs to be checked, you can help them feel better by

  • being sure they stay hydrated. Make sure they are drinking regularly. Popsicles are a good way to get fluids in and can relieve a painful throat.
  • using acetaminophen or ibuprofen for fever. Check with your doctor’s office about the right dose for your child.
  • using a humidifier to help with congestion.
  • restricting the use of over-the-counter cold medicines in children under the age of 6. They don’t help much (even with kids over 6) and can have side effects. In children over a year, honey can relieve a cough. Use saltwater drops for stuffy noses.

Watch for warning signs of problems, and seek medical attention if they occur:

3) any difficulty breathing (rapid or heavy breathing, sucking in around the neck or ribs, looking pale or bluish)
harsh cough that won’t stop
4) high fever that won’t come down with acetaminophen or ibuprofen
5) extreme sleepiness
6) irritability or pain that you cannot soothe
7) refusal to take fluids, or any signs of dehydration (dry mouth, no tears when crying, not urinating at least every six hours).

Tips to deal with the coronavirus in India

Travelers who have returned from mainland China should:

  • Contact the local public health unit within 24 hours of arriving in India
  • Stay at home and avoid close contact with others, including those in your home, for a total of 14 days from the date you left China
  • Monitor themselves for symptoms of the 2019 novel coronavirus for 14 days after leaving mainland China

What should one do if he/she comes into contact with a person with coronavirus in India?

If you have been identified as a contact of a person with proved coronavirus infection in India, the local public health unit will contact you with advice within 24 hours of arriving in India. This advice will include that you need to isolate yourself at home for 14 days after contact with the infected person, and to monitor your health and report any symptoms.

What are the symptoms and treatments from the 2019 novel coronavirus?

Symptoms range from mild – like the flu and other common respiratory infections – to severe, and can include:

  • fever
  • cough
  • difficulty in breathing

Complications from the 2019 novel coronavirus can include serious conditions, like pneumonia or kidney failure, and in some cases, death.

There are no specific treatments for coronaviruses, and there is no vaccine that protects against coronaviruses. Most people with common human coronavirus illnesses will recover on their own. You should:

  • drink plenty of fluids
  • get rest and sleep as much as possible
  • try a humidifier or a hot shower to help with a sore throat or cough

If you need immediate medical attention you should call 911 and mention your travel history and symptoms.

How to protect yourself from the 2019 novel coronavirus?

There is no vaccine available to protect against the 2019 novel coronavirus. One should follow everyday actions that can help prevent the spread of germs that cause respiratory illnesses.

Take these everyday steps to reduce exposure to the virus and protect your health:

  • Wash your hands often with soap and water
  • Sneeze and cough into your sleeve
  • Avoid touching your eyes, nose or mouth
  • Avoid contact with people who are sick
  • Stay home if you are sick

If you are traveling to an area known to have cases of coronavirus, be sure to avoid:

  • high-risk areas such as farms, live animal markets, and areas where animals may be slaughtered
  • contact with animals (alive or dead), including pigs, chickens, ducks, and wild birds
  • surfaces with animal droppings or secretions on them

What is the scientific name of Coronavirus and its sources of origin?

The scientific name of coronavirus is “2019 novel coronavirus” (2019-nCov). It is a respiratory infection that originated in Wuhan, China.

Which are the current affected areas?

Mainland China is identified as the major affected areas and the travelers who have returned from Hubei province, including Wuhan City.

Coronavirus1

Coronavirus in India

A total of 1,999 people, who have a travel history from China and other affected countries, are under observation in Kerala, of whom 75 are in isolation wards of various hospitals. The remaining 1,924 are under home quarantine and have been asked to not go out in public until the end of the 28-day incubation period.

On 14th Feb, almost two weeks after the evacuation, the government reported that all Indian evacuees from Wuhan – 645 of them have tested negative for 2019-nCoV. Over 11,500 individuals are presently under community surveillance in 34 states/union territories and contact tracing is going on. As of now, 1,632 samples from suspected patients have been tested from across the country of which three samples have tested positive; all from the state of Kerala. Interestingly, reports indicate that all three patients are medical students undergoing training in Wuhan.

The latest data indicate that about 82% of cases are mild, 18% cases are severe, of which 3% require intensive care; and that the fatalities are mostly old patients and those with pre-existing conditions. Many medical personnel is getting affected as well.

What is the Indian government doing?

A new travel advisory has been issued directing everyone to avoid traveling to China, saying planned visitors from China might apply for a fresh Indian visa. Apart from that, if anyone with a history of travel to China since January 15th, 2020, could be quarantined.

Are Indian airlines still flying to China?

All Indian airlines have suspended flights to China. Air India, IndiGo, and other Indian airlines have suspended flights to China over the coronavirus risks.

Where are the screening wards in India located for Coronavirus?

Screening wards in India city-wise:

City

Screening Wards

Delhi

Manesar Camp, Ram Manohar Lohia, AIIMS, and Safdarjung hospital.

Mumbai

Kasturba hospital and Pune’s Naidu hospital

Karnataka

Government Wenlock Hospital, Mangaluru International Airport

Manipur

5-centers have been opened in different border towns of the state and at the Imphal International Airport to screen people for coronavirus.

Mizoram

India-Myanmar border is being tested at Zokhawthar.

Updates on 2019 novel coronavirus in India

  •  The patient who first examined positive for coronavirus is now hospitalized in Thrissur Medical College and her condition is stable.
  • The 2nd case of coronavirus in the country was reported from Kerala and the patient is being monitored in an isolation ward at Alappuzha Medical College.
  • The 3rd case of coronavirus was seen in Kerala and the patient has been kept under isolation at the Kanhangad in Kasaragod district and his condition is also stable.
  • Dr. Harsh Vardhan, Union Health Minister said that the center is taking complete preventive steps regarding the coronavirus outbreak.
  • To date, India has screened 1,118 flights so far.
  • DGCA has exempted flight crews from Breath Analyser (BA) tests for 15 days at Kerala’s Calicut, Kannur, Trivandrum and Cochin airports following the novel coronavirus outbreak.
  • 3,252 people under observation in Kerala for Coronavirus.
  • Over 1.9 lakh passengers screened for Coronavirus at airports, 9,452 persons under surveillance, as per the Health Ministry.

Where did the new coronavirus (2019-nCov) come from?

As per the local people, the virus (2019-nCov) first appeared in Wuhan, China in people who had visited a local seafood and animal market (called the Huanan seafood market).

How does the coronavirus spread between people?

Centers for Disease Control and Prevention (CDC) states that human coronaviruses are most commonly spread from one infected person to another via:

  • The air (sneeze or from viral particles from a cough)
  • Close personal contact (shaking hands or touching)
  • An object or surface with viral particles on it (then the touching nose, eyes, and your mouth before washing your hands)
  • And rarely from defecation contamination.

Is the virus being spread from one person to another?

The novel coronavirus (n-CoV) can be spread from one person to another most likely by coughing or contact with respiratory issues of people infected with the virus.

 There have been a small number of cases of transmission from person to person taking place outside of mainland China.

How is the coronavirus diagnosed?

Infection with 2019-nCoV is diagnosed by detecting confirmation of the virus in respiratory samples such as fluid from the lungs or swabs from the throat. An infected person can immediately ask for the local public health unit.

Who is at risk?

People who have visited mainland China (excluding Hong Kong, Macau, or Taiwan), or who have had contact with an infected person, in the past 14 days may be at risk of catching the disease.

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Which countries are infected from Coronavirus?

Here’s the list of Coronavirus cases country-wise:

Country Name

Coronavirus Cases

Mainland China

37,232

Thailand

32

Japan

25 (+70 on a cruise ship off the coast)

Singapore

40

Hong Kong

29

South Korea

25

Taiwan

18

Australia

15

Malaysia

16

Germany

14

Vietnam

13

Macau

10

The U.S.

12

France

11

UAE

7

Canada

7

Italy

3

Russia

2

UK

3

Philippines

3

Cambodia

1

India

3

Belgium

1

Finland

1

Nepal

1

Spain

1

Srilanka

1

Sweden

1

Data source: livescience.com

What is being done globally to stop the spread of the coronavirus?

  •  The Chinese government put Wuhan and many other nearby cities on “lockdown,” meaning people are not allowed in or out of the area.
  •  The governments of both Taiwan and Hong Kong have said they would not allow in anyone from the Hubei Province (where Wuhan is located).
  •  Major airports in the U.S. are conducting screenings to try to check for symptoms of the virus.
  •  The Chinese government has banned the sale of wildlife in markets, restaurants and online.
  •  Also, U.S. citizens, permanent residents and immediate families who have visited China’s Hubei province will undergo a mandatory two-week quarantine. And “foreign nationals” who have traveled to China in the past 14 days won’t be allowed in the U.S.
  •  If Americans visited any other part of China, they will be screened at airports and asked for self-quarantine for 14 days.
  •  Australia is also barring entry to non-citizens who have recently visited China.
  •  Flights carrying passengers from China will be rerouted to one of 11 U.S. airports.

How can people protect themselves and others from Coronavirus?

According to the Centers for Disease Control and Prevention (CDC), the best way to prevent infection with 2019-nCoV is to avoid being exposed to the virus. In general, the CDC recommends the following to prevent the spread of respiratory viruses:

  • People who traveled to China and became sick with fever, difficulty in breathing or cough within the following 2-weeks should ask for medical care instantly and call first to inform the medical staff about their recent travel.
  • Avoid close contact with people who are sick
  • Stay at home when you are sick
  • Clean and sanitize frequently touched objects and surfaces.
  • Wash your hands often with soap and water for at least 20 seconds
  • If traveling to China, you should avoid contact with sick people, avoid dead or alive animals, animal markets or products that come from animals such as uncooked meat.
  • Avoid touching your nose, eyes, and mouth with unwashed hands

What scientists are doing across the US?

Scientists are trying to invent a vaccine for the new virus across the US. The National Institute of Health (NIH) is working on it, but it will take at least a few months before clinical experiments start and more than a year until a vaccine might actually be available in the market.

CV_01

What if one doesn’t have medicare or healthcare facilities?

To help the NSW response to coronavirus, people will not be charged out of pocket expenses who are not eligible for medicare and presenting to NSW Health facilities for coronavirus assessment.

Most people that are not eligible for medicare will have health or travel insurance. For those that do not have sufficient insurance coverage, NSW Health will cover these costs.

These arrangements have been put in place to ensure payment issues are not a difficulty for people from overseas with respiratory symptoms demanding immediate medical help.

Is there any specific treatment or a vaccine?

Currently, there are no specific treatments and available vaccines that protect against coronaviruses. Early diagnosis and general supportive care are necessary.

Indian coronavirus cases on Diamond Princess cruise ship

The latest coronavirus cases in India are reported from the Diamond Princess cruise ship quarantined off the coast of Yokohama in Japan. Three crew members from India have tested positive for the virus on the ship as of 15 February. A total of 138 passengers and crew members from India are reportedly on board the ship.

What arrangements are in place for checking people at airports?

The Indian Government has put in place protective measures at all international airports for passengers coming from China.

CV_03

Global Updates on 2019 novel coronavirus

  • According to the Johns Hopkins virus dashboard, approximately 42,000 individuals globally (primarily in mainland China) have been confirmed to have the new coronavirus.
  • 1,000 deaths linked to the virus.
  • More than 800 Americans have been evacuated from Wuhan on four flights.
  • Wuhan officials plan to round up those suspected of being infected into mass quarantine camps.
  • There have been two deaths, one in the Philippines and the other in Hong Kong.
  • A 60-year-old U.S. citizen in Wuhan has died after being infected with the coronavirus.
  • As per the Times report, around 3,700 people are being quarantined on the Diamond Princess cruise ship off Japan due to the coronavirus, with 70 individuals testing positive so far.
  • The 34-year-old Chinese doctor who was silenced by police for warning about the coronavirus outbreak has died after contracting that virus.
  • A phase 1 trial of a new vaccine against 2019-nCoV by Dr. Anthony Fauci, is on track to begin in 2.5 months.
  • Fauci stated that there have been “no glitches so far” in the steps to prepare the vaccine which involves initial studies in lab dishes and animals.
  • According to U.S. Secretary of State Mike Pompeo, the U.S. is ready to spend up to $100 million to support China and other countries in fighting the virus.
  • U.S. citizens, permanent residents, and immediate family who have visited China’s Hubei province will now undergo a mandatory 2-week quarantine.
  • The total number of deaths in China now at 1,367  out of 59805 confirmed cases until 13th Feb.
  • With 44 new cases, the total number of affected on quarantined Japan cruise ship now stands at 218
  • China’s capital Beijing imposes a 14-day quarantine on arrivals
  • Golf-Kuala Lumpur and Shenzhen events postponed due to coronavirus outbreak
  • WHO says joint China mission to start coronavirus investigations this weekend
  • Top Australian Universities say Chinese students could quit Australia
  • According to ministry communication, 2148 flights and 232613 passengers from China have been screened so far.
  • Outside China, the biggest group of Coronavirus infections is aboard the Diamond Princess cruise ship off Japan’s Yokohama, where an additional 99 cases were reported on Monday, making the total to 454 diagnosed.
  • China may postpone the annual parliament session over the virus

    Coronavirus Updates India

  • The Indian national in UAE affected by the virus is now stable
  • Three Indian crew members on an isolated cruise ship in Japan test positive for coronavirus
  • Indian Embassy in Japan said it is touch with authorities for their welfare and early disembarkation
  • 2 of the 3 Indians infected with the virus in Kerala test negative
  • 83 under home quarantine in Odisha
  • Indian aviation regulator adds passengers of four countries to be screened for Coronavirus
  • Coronavirus has dented Goa’s tourism prospects
  • India has screened 1,118 flights so far
  • 3252 people under observation in Kerala for Coronavirus
  • Over 1.9 lakh passengers screened for Coronavirus at airports, 9,452 persons under surveillance
  • Existing visas, including already issued eVisa, no longer valid for any foreign national traveling from China.
  • A 28-year-old man from UP’s Utraula has been kept in isolation ward. The man is a medical student in China and had returned to India 15 days ago.
  • To date, 2,455 people have been placed under the monitoring of which 2,431 are under home quarantine and 24 in assigned facilities.
  • So far, 381 samples of suspect cases have been sent to NIV for testing, of which results of 354 were negative.
  • 17 people from Delhi who returned from abroad before coronavirus screening showed symptoms, hospitalized.
  •  Embassy of India in Japan said that all 4 COVID-19 positive Indian nationals as on 17th Feb 2020 receiving medical attention onshore are reacting well to the treatment. We are in regular touch with Indians onboard Diamond Princess Ship.
  • PM Modi writes to Manu Joseph, nursing officer, Safdarjung Hospital, extending his heartiest congratulations to members of the medical team who helped in the evacuation of Indian citizens from Wuhan.
  • India to send a consignment of medical supplies to China later this week to fight coronavirus.#India #China #kerala #coronavirus #wuhan #diamondprincess #safetytips #health #who #coronavirusupdatesImage & Data source: Ontario, Livescience.com, World Health Organisation
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Is Indian Real Estate Sector Going to Revive in 2020?

About Indian Real Estate 2020

Real Estate Sector in India

The real estate sector in India has been witnessing weak sales for the last few years, resulting in a sharp drop in its significant contribution to the country’s Gross Domestic Product (GDP). Overall, the year 2019 proved to be a mixed year for the nation’s realty sector as the commercial sector flourished but that was not the case with residential real estate. However, some positivity has been seen in the market as a result of various announcements made by the government last year. Government announcements like NHB raising liquidity for Housing Finance Companies, relaxation of External Commercial Borrowings (ECB) funds, and approval of a Rs 25,000-crore alternate fund have all been made at a positive pace.

Nation’s real estate sector saw a fall after banks limited lending activity post the NBFC crisis in 2018 and the situation worsened further in 2019 to a sharp demand crisis. Not just the real estate sector but a large number of other industries indirectly related to the sector have also suffered the heavy winds of low demand.

Real estate developers, consumers, and investors have been facing the burden of the fall in the housing segment for the last few years. From unsold inventories to incomplete construction to delayed projects, the segments had faced a lot of difficulties that have been pointing to negative sentiments.

In spite of the government’s measures to revive the weak realty market, there has been no positive result except limited growth of just 1% in the year 2019 but far from reaching its full potential.

According to the International Monetary Fund, India’s economy grew by about 4.8% in 2019, a sharp drop from 6.8% in 2018. Similarly, unemployment rose to 7.5% in the last 3 months of 2019.

There is an urgent need to approach the challenge of liquidity suffered by the sector, especially after the NBFC cash crisis. Liquidity will improve sentiment in the market with a regular supply of ready to move-in homes. If the challenge is not tackled on priority, it will block the confidence of developers as well as buyers which may seriously affect the realty sector as well as the economic growth of the country.

Few bold govt measures that could revive the real estate market in the year to come including tax rebate hike, personal tax relief, higher liquidity, better land reforms and fast infrastructure development for raising homebuyer sentiments.

The industry body has also suggested the government to reconcile the Insolvency and Bankruptcy Code (IBC), GST and individual taxes to help increase demand for unsold properties, which increased sharply in 2019.

The reviving real estate sector would also improve overall demand as the sector employs a large number of laborers belonging to lower-income groups. As a result, it could lead to a strong rise in rural demand.

However, it needs to be noted that the measures are not yet sufficient in size and will not be able to cater to real estate developers (small and big) and players in Tier 2 and 3 cities. Most importantly, the measures need to be backed by other factors mentioned below to bring in a proper resolution. Instant step in terms of implementation of several schemes and processes is expected to bring momentum into the sector in 2020.

Budget 2020-21 Fails to Address Major Concerns of Realty SectorFreal estate

It offers a few solutions to revive the nation’s weak economy. The government’s $428 billion budget for 2020-21 considered a series of modest initiatives, including planned investments in new roads and airports and personal income tax cuts, along with an increase in bank deposit insurance to encourage customers worried by high-profile bank failures.

But it offered no large incentive plan to produce more jobs or money in the pockets of India’s 1.3 billion residents, most of whom rarely get their food through farming or work in the informal economy. Nor did the budget offer any additional support for the country’s weak financial institutions.

Few Govt measures that may put real estate back on track in 2020 includes:

Industry Status

For a long time, the real estate market demands an industry status that can help it with finances at a lower cost, especially at times when the availability of funding is a major barrier for the industry.

Single-window clearance

The sector, which is struggling to deal with multiple government offices for project approval, wants a single-window clearance facility to initiate the project implementation faster.

Removal of Multiple Rates or Taxes

Multiple rates or taxes need to be removed into a single standard GST rate.

Incorporation of Stamp Duty under GST

The cancellation of stamp duty or its incorporation under GST.

Lowering Interest Rates

In 2019, the Reserve Bank of India (RBI) reduced the policy rates (Repo Rate) by 135 basis points. But the registered commercial banks didn’t follow the procedure. So the average marginal cost of lending rate (MCLR) of banks has decreased by only 64 bps. The lower interest rates will benefit to decide the existing liquidity crisis and boost housing demand.

Rebate in Income Tax

Rebate in individual income tax will be another help to the sector as it will decrease the financial burden of the buyers and improve their expendable income.

Housing Loan Interest Rates to be Reduced

Interest rates on housing loans also need to be reduced to encourage demand and sales. Restoration of income tax gains on a 2nd home can benefit homebuyers in a big way.

Notional Rental Income

We expect the government to release organizations involved in real estate business from the burden of tax on notional rental income or the period of 1 year should be extended to 5 years. This is pushing buyers away from the market and affecting the sector as well.

Restriction on Home Loan Interest Paid

The govt should also remove the restriction of an additional deduction of Rs 1.5 lakh paid on a home loan up to Rs 35 lakhs with total values not exceeding Rs 45 lakhs.

The government should implement land reforms and amend the acquisition process.

People’s Expectations:

It is expected that the real estate sector will hopefully observe a growth story in 2020. Covering 1,600 projects with 458,000 housing units under the center’s announcement will help in raising buyer confidence and is expected to generate significant employment. We expect the govt to give full support to the sector not just in terms of the announcement but also implementation. The year 2020 needs a device to protect developers from the existing liabilities and stuck projects. It also needs to incentivize stressed projects in various ways.

At the same time, the central government has projected that the economic growth would rebound to as much as 6.5% for the current fiscal year.

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Real Estate Round-up 2019: How India’s Real Estate Sector has Performed in Year 2019?

Indian Real estate round-up 2019

Indian Real Estate 2019 Round Off

Real Estate is one of the key driving factors behind the growth of the Indian Economy and plays a pivotal role in the nation’s GDP growth. It is among the most recognized sectors globally. It creates millions of direct and indirect employment opportunities and supports the country’s development. It consists of 4 sub-sectors – Housing, Commercial, Retail, and Hospitality. The growth of this sector is well complemented by the growth of the corporate sector and the demand for office space as well as urban and semi-urban houses. The real estate sector of India ranks 3rd among the 14 major sectors that have a direct and indirect impact on all sectors of the economy.

The year 2019 has been a period of ups and downs for the Indian Real Estate Sector. There have been various policy and taxation related announcements in the last year. The market experienced the impact of the ongoing Non-Banking Financial Company (NBFC) crisis which resulted in a liquidity crisis and a slow pace of recovery in sales. On the other hand, the successful launch of India’s first Real Estate Investment Trust (REIT) opened new avenues for investments in real estate while multiple government SOPs provided much relief to the housing sector.

Post the policy reforms of 2017 such as demonetization, RERA, and GST, the residential market is absorbing the impact of these changes and is on the path to recovery. India continues to retain its position as the world’s fastest major growing economy on the back of improved investor confidence and better policy reforms.

The growth of the Indian Real Estate Market in 2019 has been driven by numerous factors including technology, improved ease of doing business, dust settling post the implementation of reforms such as GST and RERA, and demand-supply dynamics, among others.

It is also expected that the real estate sector will incur more and more NRI Investments in both the short and long term.

In the year 2019, the realty sector has experienced its highs and lows. Affordable Housing performed beyond expectations within the residential segment, while the luxury apartments continued to witness subdued sales. On the other hand, the commercial segment saw most of the investment flowing in as the year comes to an end. Whereas, other asset classes such as warehousing, Coworking, and Co-living gained momentum.

Initiatives are taken By The Government

If we look back at 2019, we can not deny that the government did not make sincere efforts to strengthen the sector. A series of reforms and policy changes were adopted. Some of them are:

  • Reducing GST rates to 1% for affordable homes and 5% for under-construction flats/apartments
  • The announcements about NHB raising liquidity to the housing finance companies
  • Relaxation of External Commercial Borrowing (ECB) funds
  • Creation of Alternative Investment Fund of Rs 25,000 crore for Stalled Housing Projects
  • Successive Repo Rate cut coming to 9-years low (total 135 basis points in 2019)
  • Tax holiday to first time home buyers
  • Relaxation in FDI norms for a single brand retail
  • The government slashed the corporate tax rate to 25.17% from 30% for existing companies, and to 15% from 25% for new manufacturing companies.
  • In 2019, consolidation continued in the residential segment. Those developers who are either on the verge of insolvency or have their project stalled continued to re-enter the market through joint development, or mergers.
  • Technological advancement in real estate too increased in the last year.

Post-2017 reforms such as Real Estate (Development & Regulation) Act (RERA), the inventory pile-up kept increasing across markets. New launches had taken a hit. Increasing unsold inventory became a cause of concern as liquidity challenges coupled with RERA deadlines made it tougher to deliver the project. In spite of the odds, those with deep pockets or leading names in the realty sector continued to outperform in 2019.

Since the start of this calendar year, there is a decrease in unsold inventory, which is a positive sign for the industry’s revival. In 2020, this is likely to reduce further to healthy levels. Another crucial factor for improved sales was largely stagnant property prices. Going forward, we may witness investors, funds, and lenders showing confidence to finance future projects. If employment levels improve and inflation kept under check, the revival of the sector isn’t distant. The year 2020 may well be the turnaround year.

Market Size

The real estate sector in India is expected to reach a market size of US$ 1 trillion by 2030 from US$ 120 billion in 2017 and contribute 13% of the country’s GDP by 2025. Retail, hospitality and commercial real estate are also growing significantly, providing the much-needed infrastructure for India’s growing needs.

Housing Sector

As per the CBRE report, it is expected that out of the 2.3 lakh new unit launches in 2019 in the top 7 cities, nearly 40% or approximately 92,000 units were in the affordable segment, followed by mid-segment with a 33% share. The luxury and ultra-luxury segments amounted to the least share with 10% (approximately 23,000 new units). Apart from that, Center Approves 3.31 Lakh More Houses Under PMAY(U) to fulfill the housing needs of the Urban poorer.

  • Housing sales in 2019 saw a modest 4-5% annual growth with over 2.58 lakh homes sold during the year.
  • New housing launches in 2019 saw an 18-20% annual growth with over 2.3 lakh units.

Commercial Sector

As per the CBRE report, office leasing increased by more than 30% annually to cross 47 million sq.ft. during the first three quarters of 2019, exceeding its previous high of 2018. The leasing exercise reached about 15.4 million sq.ft. during Q3 2019, rising by nearly 23% on an annual basis.

Commercial office space continued to be the most sought-after asset class.

Forecast

Since the start of the year 2020, there is a drop in unsold inventory, which is a positive sign for the industry’s recovery. And it will probably see a growing trend in 2020. We expect the hurdles in the real estate sector to get resolved. Stagnant property prices was another factor for improved sales. Going ahead, we may clearly see investors, funds, and lending houses showing confidence to finance future projects. If employment levels improve and inflation remained under control, the recovery of the sector is not very far.

 

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Real Estate Listing Tips: How to Sell Your Listing Faster

Property listing tips on real estate portal

Property Listing Tips On Real Estate Portal

“Real Estate portals” are an excellent way to buy and sell the property. If your property has been listed in the market longer than expected then there is definitely something going wrong in your property listing. It may be due to the steep rise in property prices and low buyer sentiment that have kept the buyers away from the market sometimes, but at the same time, there is a possibility that poor listing makes it hard to attract the buyers.

We also agree that prices and buyer sentiments play an important role. If you are listing your property in a proper manner, that could also lead to it staying unsold. Considering the tough competition, property listing on a website is never enough. People must add all the required details in order to get maximum exposure on the property. Getting more viewers on your listed property increases the possibility of the property being sold. Therefore, Commonfloor.com looks at various ways through which you can enhance visibility and drive traffic to your property listing.

This allows people to list properties along with all the details that a potential buyer needs (for example, location of the property, size, no. of rooms, no of bathrooms, costs, etc.). Seekers can fulfill their property needs by accessing these data.

Below are a few simple tips that might help you reap more visibility and increase traction in your listing-

1) Submission Of Front End Listing

Avoid front end selection as it is not compulsory. It is not necessary that your listing should come on top of the search so that everyone can see.

2) Detailed Information

A buyer doesn’t want to jump page after page to find no. of bathrooms and bedrooms. He/she would prefer much if all the important information is provided at one spot.

3) Add Testimonials

If possible add the reviews of the other tenants if your property is leased out. Adding reviews of other tenants with pictures can add authenticity and create a positive opinion among the viewers.

4) Add Proper Pictures

A picture speaks louder than words and easy to understand. You will always benefit from the addition of excellent and high-quality images. Having original photos of your property draws people’s attention the right way. So, it is always advised to click and include photos of the bedroom, kitchen, living room, bathroom, garden, terrace, and other amenities to help the viewer know how exactly your property looks. If the house that you listed on the property portal for selling is currently occupied, make sure that it must be cleaned and free of the gathering for the photoshoot. A gathering-free apartment appeals more to the buyers/tenants. You can also add pictures of the locality or street that leads to your property. It can be a positive sign of your listed property.

5) Add Video Of The Property

Nowadays, many property portals allow posting a small video of the listed property. A video tour of the property makes your listing more genuine and also helps in indexing and increasing its visibility on search engines.

6) Stick To The Facts

Online channels make your life much easier than it would have been in their absence. So, never use this medium to hide the facts. A perfect listing might guide to many customers contacting you. But, the property will only be sold on its original value.

7) Show That Your Property is Different

Your property might be sea-facing, road-facing, etc. and that is its highlight. Let your listing clearly state that. Yours might be a property where an abundance of sunlight comes. This too is an important point to highlight during property listing.

8) Future Possibilities

A prospective buyer doesn’t know that you have a big terrace where a 1BHK flat could be built and you can enjoy a rent on it. This space could also be used to build a terrace garden or penthouse. If you clearly state the future possibilities, there is a high chance that your property could fetch a better price.

Advantages Of Property Listing On A Portal

In India, the online real estate market is on the rise and more and more people are using the internet to research property. Below are some benefits of listing the property online:

  1. The online property listing is usually free but there are some nominal charges for a premium listing.

  2. Both buyers and sellers have direct access to information. Hence, reduce multiple phone calls and site visits.

  3. One can buy, sell, and rent their property without a real estate agent.

  4. The online listing is a better option than newspaper classified listing. In the newspaper listing, you have to pay every week to list your property.

  5. In the online listing, most of the websites allow uploading the property images. This makes the property a lot more attractive to potential buyers than newspaper listings.

  6. Through online property listings, you can reach a much wider audience.

  7. Online property portals have the filter options which enable the buyer to search according to their requirements.

So after a buyer or a seller understands their requirements they go through these simple process: –

What is the process for buyers to list their properties?

Below is the step by step process for the buyers to list their property:

Process for Buyers

  • Select the Country/ City/ Region where you want to rent/buy property

  • Choose the property that is suitable for you among the entire list of properties

  • If you have not registered on the website then register with your phone number and email id.

  • After you have registered yourself an automatic message is sent to the seller to contact you

  • If that does not happen then, the contact number of the seller is available for you

  • Contact the seller and arrange an appointment

What is the process for sellers to list their properties?

Below is the step by step process for the seller to list their property:

Process for Sellers

  • Register yourself on the website

  • List the property on the website by mentioning the locality and the address

  • Fill in all the details of your property i.e. number of rooms, property size, the number of floors, etc.

  • Fill in the contact details and your property will be listed on the website

So all in all, listing your property in real estate portals makes buying, selling, and renting a property a lot easier and convenient.

 

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Development Control Regulations Real Estate Smart Residential Living

What are the Development Control Regulations (Building Bye-laws 2019)?

Development Control Regulations in India

Development Control Regulations (DCR) in India

Development Control Regulations are a set of rules that are planned to ensure the proper and effective development of a city, as well as the general welfare of the public. Regulation is necessary to ensure planned development. It depends on a “plan-led system” whereas development plans are made and the public is consulted.

It is a mechanism that controls the development and use of land. This involves the construction of new buildings, the extension of the existing ones, and the change of use of the building or land to another use. Developing new houses/industrial buildings/shops are important for supporting economic progress. At the same time, it is also necessary to protect or improve the quality of towns, villages, countryside, etc.

Under the DCR, the Metropolitan Commissioner is the supreme authority for review of its provisions and his decision would be final. The Metropolitan Commissioner could use his power to approve provisions of these regulations excluding the provisions associated with FSI.

What are the motives of the Development Control Regulations (DCR)?

The motive of Development Control Regulations (DCR) is that any approved plan is implemented by individuals and by corporate or by public-sector developers and thus all new developments should adhere to the terms of the plan.

Why is Development Control Regulations necessary?

Development Control Regulations are a must for every growing city because the area immediately beyond the city limits is often a source of health risk to the city and generally under no strict control of the effective local authority.

What are the objectives of the Development Control Regulations?

  1. To stop the unfavorable demand and misuse of land.

  2. To assist private interest along with public interest in all phases of development.

  3. Development control is legal in nature and the planning authority has the power to punish the defaulters.

  4. To control and limit overcrowding on land.

  5. To control the private development as per the required rules in connection to public safety, health, and convenience.

How many types of Development Controls Regulations are there?

  1. Town and Country Planning Act

  2. Building Bye-laws

  3. Land Acquisition Act

  4. Zoning Regulations

  5. Slum Clearance Act

  6. Periphery Control Act

How is Zoning Regulations dealt with?

  1. Allotment of land for special purposes.

  2. Limitation on the use, construction, and height of the building.

What are the key objectives of Zoning?

  1. Zoning proves to be a useful means for making any town planning scheme effective and successful.

  2. Zoning supports proper coordination of various public amenities such as road, electricity, drainage, water connection, transport facilities, etc.

  3. Rezoning for better uses of land by amending their zoning laws can be possible.

  4. The town planner gets enough opportunity for designing the future growth and development of the town.

What do the Bye-laws say (Building Bye-laws Updates 2019)?

  • Rights of residents

  • Freedom to builder or landlord

  • Rights of neighbor

Where is building Bye-laws applicable?

  1. New construction

  2. Additions and modification to buildings

  3. The need for open space

What are the objectives of building Bye-laws?

  1. The building bye-laws stop reckless development without any similarity to the development of the area as a whole.

  2. To give open spaces, noise, air breeze, smoke, and manage safety against fire, etc.

  3. To control land development keeping in mind the bye-laws.

  4. It becomes more accessible to pre-plan the building activities and provisions of bye-laws, give directions to the designing architect or engineer.

  5. Material types of control

What are the controllable factors under DCR?

Below are the controllable factors under DCR:

Floor Space Index (FSI)

It is the ratio between the total built-up area and the plot area available. It is authorized by the government for a particular locality. It principally describes the ratio of the total covered area of construction to the total plot size. It is sometimes termed as floor space compensation ratio (FSR), floor area ratio (FAR), site ratio or plot ratio. FSI rules are usually based on the National Building Code.

As per the new DCR rules, balconies, stairs, voids, flower beds, and corners are calculated in FSI and to compensate for the loss, the government has allowed compatible FSI up to 35% for residential and 20% for commercial developments.

Parking space

There is a specified space for parking in residential, commercial and educational institutions as per the set laws in different States. However, as per the norms, the ideal parking size should be a minimum of 2.5 x 5.5 sq.m. (Motor Vehicle), 1.2-3 sq.m. (2 Wheeler), 3.75 x 7.5 sq.m. (Transport Vehicle).

Size of plots

As per the DCR, the size of plots appropriate for residential development varies according to the income level of residents. The ideal size conditions under DCR are -

1. Low-Income Group (LIG) – 135-180 sq.m.

2. Mid-Income Group (MIG) – 216 to 360 sq.m.

3. High-Income Group (HIG) – 486 to 972 sq.m.

Structural design and services

The architectural design of a building should be executed as per the directed norms of the National Building Code of India. The building must hold facilities of plumbing (for toilet and drinking), protection from electricity, electrical installation, air-conditioning, lift, etc.

Lifts

A building with a height of more than 13 meters must have a lift from the ground floor. The minimum capacity of the lift should be 6-persons.

Fire Safety

A building that exceeds more than three floors needs a certificate of approval from the Fire Department. Besides, every floor with more than 150 sq.m. of floor area and a capacity of 20+ people should have at least two doorways, along with a staircase for the fire exit.

Development Control Regulations in India’s Top Cities

Development Control Rules, Delhi

To make Delhi’s Development Control Rules tighter, the ministry of housing and urban affairs has proposed an amendment in Unified Building Bye-Laws for Delhi 2016, which would now hold responsibility on all contractors and even site supervisors for defects in a building built on a plot size of 750 sq.m. and above. This revision would mean that every architect would now have to take ten-fold professional liability insurance to cover for such defects.

The Unified Building Bye-Laws 2016, which was published in March 2016, had put this “latent defects liability” condition only for plots with 20,000 sq.m.and above. It means a 20,000 sq.m.plot would house a 35-40 storey highrise building with 3-flats on each floor.

To check the complete rules, click HERE

Development Control Rules, Mumbai

In January 2012, the Maharashtra Government had announced amendments to the Development Control Rules for Mumbai with the prime objective of bringing in transparency and reducing temporary and discretional decision-making at different levels. The new rules mean pricing based on maximum available FSI, reducing the risk that was largely accepted earlier with regard to excessive saleable area.

Under the new DCR, areas for balcony, flower-beds, stairs, terraces, corners, voids would be counted in the FSI but these were not considered in FSI calculation earlier.

With the new rule, plots measuring over 2,125 sq.m.(22,873 sq.ft.) will now be permitted to build more, vertically. As per the new regulation, the Brihanmumbai Municipal Corporation (BMC) will calculate the development potential of a plot on its gross area, without decreasing the area reserved for recreational purposes. The developers will now be able to build more apartments in a building with a proportionate increase in the open spaces in the building.

Every plot, where a residential structure is coming up will have to reserve 15% of land for open spaces known as recreational ground. Earlier, according to the 1967 and 1991 DCR, when the BMC calculated the development potential of a plot, the reserved 15% plot was deducted. This resulted in a lesser number of flats being constructed. However, the BMC will determine the development potential including the reserved space now with the new rule. Resulting in permitting builders to develop more in the specified Floor Space Index or FSI.

To check the complete rules, Click HERE

Development Control Rules, Karnataka

The Karnataka Govt. has amended the zonal regulations of the Revised Master Plan 2015. Under the amendments, the state govt. has reduced the mandatory permissions needed for building commercial complexes in plots measuring up to 20,000 sq.m.and exempted select common areas from the floor area ratio rules in both, residential and commercial high-rise buildings.

The state govt. has changed the floor area ratio rules for residential as well as commercial buildings. This means those common areas such as fire control rooms, electrical panel rooms, pump rooms, AC plants, security or CCTV rooms, generators, solid waste management facilities have been removed from the range of FAR norms.

According to the new rules, the height of the building will be calculated excluding structures above the terrace floor giving services such as solar panels,  staircase headrooms, lift machine rooms, overhead tanks, parapet walls, chimneys, and other architectural features cover. Also, the new rules have allowed covering the internal open space on top, to block rainwater from entering the building but the covering cannot be a stable structure.

Those buildings that fall within a 1-km radius on either side of the metro corridor will have to allow less parking space in buildings. The amendment clarifies that space for one car needs to be provided for a built-up area of 75 sq.m and buildings outside the 1 km zone, parking space for a single car needs to be marked for a built-up area of 50 sq.m.

To check the complete rules, Click HERE

Development Control Regulations, Pune

Pune Municipal Corporation has approved new development control regulations permitting higher floor space index (FSI) in certain categories. The move is beneficial for small developments in non-congested areas.

IT Sector

Maximum permissible FSI of 3 to develop IT parks and additional FSI could be used by paying a premium to the local body. IT parks built on two hectares or less need to maintain amenity space. A fine equal to 0.3 % of controlling ready reckoner value of the built-up area will have to be paid if the place reserved for IT is used for non-IT purposes.

Government Housing

The rule proposed up to FSI of 4 instead of 1 for the development and redevelopment of housing for the state government and civic employees.

As per the new regulation, mixed-used developments of residential and commercial nature would be permitted on a residential plot in TOD zone.

PMC has made it compulsory for housing societies to have solid waste management, hostels, commercial establishments, hospitals with a total built-up area of 4,000 sq.m or more.

A minimum FSI of 1.50 has been granted for the development in overcrowded areas while the road width is 9 meters. Also, a maximum of 3 FSI will be allowed for development for road width 30 mt and above. 1.10 FSI will be permitted for non-congested areas.

To check the complete rules, Click HERE

Development Control Rules, Chennai

The State government has issued a Government Order, revising the 2nd Master Plan of the Chennai Metropolitan Area and the Development Control Regulations in other parts of the State. This is only for residential buildings that will reduce the cost of housing for low-income groups.

The Tamil Nadu government has increased the maximum Floor Space Index (FSI) for multistoried residential buildings from 2.5 to 3.25.

According to the amended terms on ‘premium FSI’, a multistoried residential building will get the maximum FSI of 3.62 on the payment of premium charges. The maximum FSI for specific buildings in the residential category and ordinary residential buildings will be 2.

The Development Control Regulations 26 of the Chennai Metropolitan Area has been revised to change the FSI for special buildings also from 1.5 to 2 for continuous building areas.

Likewise, the Development Regulations 27(3)D of the Chennai Metropolitan Area has been revised.

The Chennai Metropolitan Development Authority (CMDA) will also allow premium FSI over and above the usually permissible FSI subject to a maximum of 1.62. Now, the maximum FSI for a multistoried building will be 3.62 using premium FSI.

For a road width of 18 meters, the premium FSI permissible will be 50%. For roads with a width of 12-18 meters, the premium FSI permissible will be 40% and for roads with a width of 9-12 meters, it will be 30%.

To check the complete rules, Click HERE

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