BMC to form a new cell for monitoring 30 years old buildings in Mumbai

Nov 28,2017 / By Priyanka / No Comment

Brihanmumbai Municipal Corporation (BMC) will soon form a new cell for auditing neglected buildings which are under its jurisdiction. The new cell will recognize structures that are older than 30 years and will issue notices to the concerned societies for further structural audits.

As per the new policy, the municipal corporation has made it necessary for the dweller or owner to give in the structural inspection of the building.

The policy will be uploaded on the BMC website in December to encourage suggestions and objections from general public.
Initially, the civic body had only one committee to take care of the issues associated with the neglected buildings but now BMC has formed a total five committees to deal with appeals related to such buildings.

Out of five committees, four will make available for appeals related to private buildings and one for municipal buildings. Recently, the policy received a green signal and will be applied to ensure speedy recovery of ramshackle buildings and evade building collapses in future.

The policy makes it necessary for the occupants to inform the civic building and factory department about the status of structure. The policy is only valid for private and municipal buildings which are under the civic body’s jurisdiction. BMC has made it compulsory to get the structural audit done by registered a BMC structural engineer.

If a building certified as non-dilapidated collapses in future then registration of that specific engineer who certified the building will be void and the BMC will initiate legal process against the person for the same.

Once a structure receives notice from the civic body then it is the owners/tenants’ concern to submit the structural audit to BMC within a month’s time. BMC will later scrutinize the status and select the category of the structure.

Real Estate Real Estate News Smart Residential Living

Will PRR happen or it’s a distant dream?

Nov 25,2017 / By Priyanka / No Comment

At this point in time, Bengaluru city is extremely overcrowded with congested road corridors and vehicular pollution. The Outer Ring Road (ORR), Bengaluru is one of the most affected roads, as it is used by the daily travelers from Doddaballapur Road, Bellary Road, Old Madras Road, Sarjapur Rd and NICE Ring Road (NRR) for their individual job locations in and around Bengaluru city. To ease the traffic movement on ORR, concerned authorities of the state has proposed the Peripheral Ring Road (PRR)

R Roshan Baig, Urban development minister, who is also the minister in charge of KUIDFC, said it was long-awaited project was executed and expected it will pick up in the coming days.

The PRR will connect four highways -Tumakuru Road, Ballari Road, Old Madras Road, and Hosur Road. The road will create smooth connectivity with Kanakapura Road and Mysuru Road, two other main highways linking to Tamil Nadu and Kerala

Central Government is discovering the PRR project. According to sources, the total project cost is estimated to be around Rs. 41,000 Crore. Once the project starts will take 36-40 months to complete the same as per information.

The project was first recommended in 2005. Issues which kept the project on hold so far are as follows the acquisition of land belonging to farmers, litigation, and the dearth of funds with Bangalore Development Authority (BDA). Later, a series of protests for reimbursement from the farmers whose lands were marked for acquisition kept the project at a standstill till now.

The project is now included under Bharat Mala Pariyojna. This is a project which was formed in order to develop the connectivity in the country through roads & highways along coastal areas, borders, tourist destinations, places of religious importance & district headquarters.

For the PRR, an SPV (Special Purpose Vehicle) has been formed together by BDA and KUIDFC (Karnataka Urban Infrastructure Development Finance Corporation) in order to raise finances and add further momentum to the project.

Moreover, the capital risk is partially shared by the government which will draw a number of bidders for this particular project. The Government is thinking of hybrid annuity based PPP model. Here, the developer bears 60 % of the project cost while the rest would be borne by the Centre.

Buying property Real Estate Real Estate News

Centre to construct 50 lakh homes in rural areas under Pradhan Mantri Awas Yojana Gramin

Nov 24,2017 / By Priyanka / No Comment

Recently, the government said that more than 50 lakh homes will be built in rural areas across the country for the poor by March 31 under a central scheme bringing social transformation in villages.

Under the Pradhan Mantri Awas Yojana – Gramin PMAY (G) a target to construct one crore new houses by March 31, 2019, was set. Of these, 51 lakh houses had to be completed by 31st March 2018, the rural development ministry said in an official statement.

The rural development ministry said in an official statement that under the Pradhan Mantri Awas Yojana (Gramin) a target to build one crore new houses by March 31, 2019, was set. Out of which, 51 lakh houses had to be completed by 31st March 2018.

After the launch in 2016, it took some time to complete the process of beneficiary registration, geo-tagging, account verification etc. Adding to it, the ministry said that it used Socio Economic Census of 2011 for selection of beneficiaries.

The homeless and those living in one kuccha room or two kuccha room with kuccha roof are the beneficiaries of this pro-poor PMAY scheme.

The ministry said that the homes are planned by the best of institutions after studying the current local design configurations and are constructed by beneficiaries as per their need. The expense for construction of the houses is directly transferred into the accounts of beneficiaries.

The poor are getting safe homes and can live with self-esteem with facilities like toilet, drinking water facility, electricity connection, LPG connection etc

To have transparency and corruption check, the Centre has set up an online policy where any person can see the building of homes with geo-tagged photographs and complete details of beneficiaries and expenses made to them.

The ministry has also decided to assign a study on social transformation to understand the impact of the housing programme.

Besides this, the National Institute of Public Finance & Policy will also study the governance reforms under PMAY (G) and the influence of higher demand for steel and cement on growth.

Real Estate Real Estate News Smart Residential Living

Festivals offer special boosters to Real Estate sector in India

Nov 24,2017 / By Priyanka / No Comment

We Indians have the deep down significance of festivals in our hearts; in our country, it is considered as one of the fortunate time to start something new and good. By the term “good” the general tendency of any individual is to make some investments in solid sectors like gold, stocks, diamonds etc. Hence with all those money flowing in the market real estate sector is buzzed with activity.

There is certain emotional novelty attached to the festivals and therefore the best month considered in calendars is from October to March. Given that these festivals offer a lot of freebies and discounts on the home buying the excitement and sentiments are totally relatable. The current market rate escalates due to rebounding economy, and some relief from the interest rates. But the economy and business does not totally run on sentiments of festivals, lets us see the current situation where actually these offers attract the buyers.

To attract more and more buyers and increase the sale of their inventories, real estate companies start rolling out great offers, freebies, cash discounts, gold coins, lucky draws, and jackpots. Some developers also provide international holiday package, free car parking, and many more offers. As we all know the online real estate portals in today’s time is the most visited and trusted source of getting information and selecting a property.

A real estate portal gives you an entire picture of a deal from its best rates to best choice of developers, they also show the clear picture of the property which gives an authentication to deal. Hence developers prefer these online sale markets and take the online portal route for marketing their project. To lure and attract the buyers these portals and developer work in collaboration making highly innovative deals which easily gets popular among the home buyers and investors too. Some of them are like-

- Online festival sale- these sales are a virtual sale and are of mostly 3 to 4 days longs giving various schemes at lowest prices. Consumers are offered various payment plans, rent back opportunities, free interior services or plumbing services for 1 year, less interest rate.

- Customized payment plans – flexible payment schemes are available on the online portals which allow the customers to modify the schedules of payment.

- Financing schemes- in simple language it is a scheme of 20:80, 30:70, etc. these schemes are marketed in the name of ‘subvention scheme’ i.e. Constructed linked plans & Possession linked plans.

- Another most interesting offers that run on portal is the ‘buyback and assured return’, here the buyer totally depends on the funding hence under this scheme, buyers are asked to pay a certain amount within given period of time where they are assured of returns

- Price fluctuations- running scheme of any developer that lure the buyer is ‘get a 3BHK flat in 2BHK rates’

- A buyer always looks for the loyal developer and therefore any builder does not want its image to rundown. They take testimony existing customers or old one works a lot.

- Cashback offers, no pre-EMI scheme, furnished flats, club membership free, and car parking free.

Freebies and offers are incidental at the look, when you go out to buy a dream home for yourself buyers must do due diligence and research asses of the effectiveness of the offers and schemes flooded on the online portals.

Decor Life at home Tips

Tricky ideas on how to make a ceiling look higher

Nov 23,2017 / By Priyanka / No Comment

Ceilings play an important role in maintaining a sense of space and freedom. We all love to live in large rooms with plenty of space; however, everyone’s is not lucky enough and often they have to settle for low ceilings that make each room look smaller and tapered.

But this does not mean that we have no choice but to feel crushed in our own rooms. With the right ideas, you can make low ceilings look higher, creating a more open and appealing living space.

Lighting: It is advisable to refrain from lamps that hang from the ceiling, such as large pendulum lights or lush chandeliers, and rather focus on wall lights. From these, the light should spread all over the ceiling, which creates low ceilings appear higher.

Usually, it is suggested to opt for indirect lighting. One should go for installation spots, which offer a coherent mix of scattered and focused light and give the impression of a more spacious and airy room. In addition, refined floor lights can also help focus the attention away from those low ceilings. The right lighting has an enlarging effect on rooms with low ceilings.

Long, horizontal furniture: With the right choice of furniture, a room can seem higher. But it is a no-no to overstretch the room because every additional piece of furniture would toughen the feeling of restriction. A long, horizontal chesterfield or table can help to make the ceiling look taller, especially those low sitting furniture. Add a low, long coffee table and slim sideboards. All of this furniture will make a low ceiling look like it is a high ceiling.

Enhance the wall design: It is a clever option to make a low ceiling look higher is by painting that wall a perky color. One of the most preferred tips in the design world is this: vertical stripes stretch optically and conjure a slim silhouette. For rooms with low ceilings, means the vertical stripes focus the attention upwards and make the space seem taller. This design trick can also be applied through wallpaper. However, it is important to confirm that the wallpaper meets the ceiling and that no empty wall space left. Transform your room to meet your taste with our amazing wallpaper murals printed on premium quality, eco-friendly and sustainable papers. All types of paper we use are durable, non-toxic and easy to install & clean.

Hang Wall Art high: Hang artwork slightly higher than you normally would. For some reason, this trick helps to create the impression of higher ceilings. It tends to make the floor look further down therefore making the ceiling look higher up. Hanging small frames above windows and door openings also tricks the eye into thinking the room has higher ceilings.

Mirrors: Mirrors help to improve light to the room which makes the room appear larger. When a ceiling is mirrored in a mirror it looks higher than it is. Mirrors can be hung on the wall or leaned against the wall to create the look of taller ceilings. Go for larger mirrors over smaller ones.

Floor-to-ceiling curtains: Hang curtains as high as possible. Floor-to-ceiling curtains lengthen a room.

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Author Archives: Priyanka

BMC to form a new cell for monitoring 30 years old buildings in Mumbai

Will PRR happen or it’s a distant dream?

Centre to construct 50 lakh homes in rural areas under Pradhan Mantri Awas Yojana Gramin

Festivals offer special boosters to Real Estate sector in India

Tricky ideas on how to make a ceiling look higher