Modern Kitchen Trends 2020

Feb 4,2020 / By Supriya Mogarala / No Comment

Modern kitchens are one of the best alternatives for many reasons. Our lives are full of chaos and chores where we have really less time to spend in our house. Modern kitchens will let you dedicate yourself to other tasks and activities that you cannot usually do in your house. The kitchen must be simple, practical, organized and functional but without leaving aside a beautiful design, this space will never fail to transmit the warmth of home that you will find in these kitchens of past years.

Modern kitchens will serve as an inspiration as one of the spaces of the house that is being modernized and updated in recent times. The design of your kitchen is one of the most important decisions that you must make while you design your house because the appliances require a lot of choices and installations.

Modern white kitchen:

The white colour is one of the main colours in interior decoration, it will never fail to provide your kitchen with a very powerful visual effect by increasing the reception of light and will bring you a sense of cleanliness with amplitude. Ideally, combining the white colour with other colours that will bring vibrancy to your kitchen will be a good idea. The white color can be combined with as many colours as possible since it has the power to blend with any colour around it. White colour has very good compatibility to get blended with all types of materials also. Wood, granite, vinyl are the materials that will make a perfect combination with white. With vibrant colors like white present in your kitchen, you can choose any decorative style for your kitchen. It can be in Nordic look or in retro style by matching it up with lacquered furniture and the white pickled wood. You can combine your kitchen with aluminum accessories to obtain a modern result. And when it comes to walls, you can choose smooth walls or tiles. White color is perfect even for the ceilings.

Appropriate colours for modern kitchen:

It is true that colours we choose to design our home interiors will have a great impact on us. The area in the house must contain the colours that transmit creativity, sociability and enhance calmness in the environment.

If you choose to use a range of cool colours such as purple, green or blue, these colours will make sure that they transmit the kitchen to be clean, efficient and all the above. These colours are meant to provide beautiful aesthetics and professionalism in the kitchen.

You can also choose warm colours such as orange, yellow or red, these colours create more welcoming spaces. These shades of colours will make your kitchen transmit all the warmth. You gain a lot of positivity because of these colours. One of the best options is also to combine your kitchen with cold and warm colors.

Modern kitchen in contrast colours:

One of the best options is to combine the colours to achieve a neutral look is to combine it with various shades of green, red, blue, and beige. Of the colours you choose, one should be the main one that serves as the base and another one will serve as a secondary shade, and the third one will be the most striking colour that will be used only in small strokes in the smallest elements of the kitchen. And based on this, the first two colours will be similar and belong to the same branch of colours. Shades like pastel pink, lavender, pale pink have the strongest compatibility that has a white base.

What advantages do modern kitchens have?

Currently, there are different designs for modern kitchens. Its popularity has indicated that users who want to have one have a huge variety of models, colours, features and various functionalities to decide from. But, in common, what are the qualities that will make modern kitchens so welcoming?

Firstly, it is the creative design that draws consideration of the potential buyers. Currently, the kitchen has winded up to be a separate space apart from the eyes of guests and is frequently blended with the rest of the house, so you have to attract people who see it as much as the rest of the decor. Therefore, the kitchen not only has to comply with the purposes linked with it but must also present a style compatible with the rest of the house.

Thus, this kind of modern kitchens, with their thoughtful design, bright surfaces, and global thought directed both at remaining functional and gratifying to the eye, develop as a great option when it comes to understanding the overall decor of your house.

Kitchens are not those spaces anymore which are just dedicated entirely to perform functions related to food, but also are places of friendship and other social activities. Therefore, modern kitchens are also defined by the presence of items like stools and chairs that let you cook, eat and store different objects in the most unique way. In this way, the attention that these types of design plans lend to the function of the kitchen as a place for socialization has won the hearts of many people, who have preferred this type of kitchen to be included in their house.

The surfaces of modern kitchens are wear and tear-resistant and, particularly, very easy to clean. With the fast-paced life we are living now, we are very appreciative that one of the dirtiest spaces of the house can be cleaned instantly and easily. Therefore, the substances that modern kitchens are usually made of are characterized by being ready to be easily cleaned and be much more repellent to stains, bumps, and humidity than the more traditional design, such as wood.

The modern style also provides the chance to have kitchens with integrated furniture and appliances, which makes them ideal and perfect for small houses where you have to take benefit of every last crack possible. Modern kitchens are hugely versatile and adaptable, which makes them a perfect choice for those houses where a shortage of space is a major problem. The islands, that ordinarily substitute conventional tables in the designs of modern kitchens not only improve their storage space but also add a new place to keep appliances that sometimes do not fit in the usual design, such as an oven or a dishwasher.

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Union Budget 2020- Real Estate Highlights

Feb 1,2020 / By Supriya Mogarala / No Comment

Real Estate Sector Highlights of Union Budget 2020:

Nirmala Sitharaman, Finance Minister of India has announced the Union Budget 2020-21. In the second term of the current government, this is the second budget. Fundamentals of the economy are strong enough to assure the stability of the micro-economic growth of the country. Banks had cleared up and recapitalized the accumulated loans of the past decade. Numerous steps have been taken on the formalization of the Indian economy.

Infrastructure:

Infrastructure was a principal focus for the Finance Minister as she presented her Budget speech. She made various important announcements on infrastructure like setting up 100 new airports for the UDAN scheme by 2024. The presence of an airport will enhance the city’s image as a business destination and will directly augment the scope of rental housing. She also announced that large solar plants would be set up on land owned by the Railways along the railway tracks. 148 km long Bengaluru Suburban transport project at a cost of 18600 crores, would have fares on the metro model. Central Government would provide 20% of equity and facilitate external assistance up to 60% of the project cost.

The government has proposed to provide about 1.70 lakh crore for transport Infrastructure in 2020-21. Proposal has been given to set up a project preparation facility for infrastructure projects.

The National Infrastructure Pipeline was launched on 31st December 2019 of ` 103 lakh crore. It consists of more than 6500 projects across sectors and are classified as per their size and stage of development. These new projects will include housing, safe drinking water, access to clean and affordable energy, healthcare for all, world-class educational institutes, modern railway stations, airports, bus terminals, metro and railway transportation, logistics and warehousing, irrigation projects, etc. The National Infrastructure Pipeline envisions improving the ease of living for each individual citizen in the country. It will also bring in generic and sectoral reforms in the development, operation, and maintenance of these infrastructure projects.

Accelerated development of highways will be undertaken. This will include the development of 2500 Km access control highways, 9000 Km of economic corridors, 2000 Km of coastal and land port roads and 2000 Km of strategic highways. The budget plan had also focused on the completion of the Delhi-Mumbai expressway by 2023 and the construction of the Chennai-Bengaluru Expressway would also be started.

FASTag mechanism encourages us towards greater commercialization of our highways so that NHAI can raise more resources. I propose to monetize at least twelve lots of highway bundles of over 6000 Km before 2024.

Affordable Housing:

In line with the government’s initiative “Housing for All” and Affordable Housing, it has been announced that the tax holiday is granted on the profits earned by developers on affordable projects approved by 31st March 2020. In order to ensure that more people will avail of this benefit, Sitharaman has proposed to extend the date of loan sanction for availing this additional deduction by one more year. The government also plans to extend the additional reduction of INR 1.5 lakhs for interest paid on home loans taken for the purchase of affordable housing by one year in order to boost the supply of affordable houses in the country. The interest deduction of up to INR 3.5 lakh for affordable housing priced below INR 45 lakh as against INR 2 lakh earlier for loans availed until March 31, 2021.

Personal income tax and changes in income tax slab:

In order to minimize the hardship in real estate transactions and provide relief to the middleclass taxpayers who are willing to let go of certain deductions can now make the switch to new rates. The new and simplified personal tax regime, wherein income tax rates will be significantly reduced for the individual taxpayers who refrain certain exemptions and deductions.

Taxable income slab	Existing rate	New rate
Rs 0-5 lakh	No tax	No tax
Rs 5-7.5 lakh	20%	10%
Rs 7.5-10 lakh	20%	15%
Rs 10-12.5 lakh	30%	20%
Rs 12.5-15 lakh	30%	25%
Rs 15 lakh and above	30%	30%

Making Indian real estate “green”:

Eco-friendly or green buildings segments have witnessed a huge growth in the Indian real estate segment. Reports suggest that the Indian green building market alone is poised to increase by 10 billion sq ft. by the year 2022, driven by factors such as increasing awareness level, environmental benefits, and government support.

Concession to real estate transactions and tax rates for co-operatives:

While taxing income from capital gains, business profits and additional sources in favor of transactions in real estate, if the consideration value is more than 5 percent by less than the circle rate then the difference is counted as income both in the hands of the purchaser and seller. In order to reduce hardship in real estate transactions and provide relief to the sector, FM proposed to increase the limit of 5% to 10%. Co-operative societies perform a remarkably significant role in our economy in promoting access to credit, procurement of inputs and marketing of products. These cooperatives are currently taxed at a rate of 30% with surcharge and Cess. FM proposed to present an option to cooperative societies to be taxed at 22% plus 10% surcharge and 4% Cess with no exemption/deductions.

Non-banking financial companies (NBFC’s):

To address the liquidity constraints of the NBFCs/HFCs, post the Union Budget 2019-20, the government formulated a Partial Credit Guarantee Scheme for the NBFCs. To further this support of providing liquidity, a mechanism would be devised. The Government will offer support by guaranteeing securities so floated. The government will allow NBFCs to extend invoice financing to MSMEs. The limit for Non-banking financial companies (NBFCs) under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002 to be eligible for debt recovery is proposed to be decreased from Rs 500 crore to asset size of Rs 100 crore or loan size from subsisting Rs 1 crore to Rs 50 lakh.

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Land Pooling Policy 2020

Jan 30,2020 / By Supriya Mogarala / No Comment

Land Pooling Policy (LPP)

Delhi Development Authority (DDA) has formulated a Master Plan 2021 for Delhi to improve city planning in the divided zones under the Land Pooling Policy (LPP). Land Pooling Policy is the consolidation of small land parcels to make them into one larger land for construction in order to accommodate the residential and commercial solutions to the people of Delhi NCR. Under the Land Pooling Policy of Master Plan Delhi-2021, the national capital region will begin the smart city plan.

Land Pooling Policy was announced by the urban development ministry in September 2013. The initial phase would see several landowners/developers/societies to pool their land and assign it to the government for developing a percentage of land and retain a percentage to build infrastructure. Delhi Development Authority and the developers would operate in partnership for the development of the LPP Zone.

As per the Master Plan Delhi-2021, 6 Zones amongst a total of 15 zones come under the Land Pooling Policy. These zones are J Zone of South Delhi, K Zone of South West Delhi, and L zone in West Delhi. These zones will attract population and thus the difficulty of housing solutions will be fixed under the LPP.

Land Pooling Policy has encouraged the development of the Indian real estate market and retaining hopes of the builders. Homebuyers can buy luxurious houses at affordable rates in all the prime localities of Delhi NCR. The cautious use of large land parcels will benefit the stakeholders. It’s more beneficial to invest in the LPP approved projects and experience living around robust infrastructure.

Key Amendments:

Timely development of infrastructure.
Enabling farmers to pay development charges.
Mandatory EWS housing units.
Full utilization of approved floor area ratio (FAR).
Urbanization of 20,000 hectares of land.
95 villages are coming together to develop.
Provision of 14-16 lakh housing units in Delhi.
48-60 percent of the land to be returned back to the owners.

Major benefits of Land Pooling Policy:

The archaic Land Acquisition Policy has been mastered by the LPP, thus promoting proper land-use and bringing out transparency in land management.
Better revenue for the landowners and the government.
Better living at affordable prices.
PPP Model has been introduced, and it is the first time the government sector is working with private entities to construct quality development in the prescribed zones.

Image Source: Quora

The dark red areas in the above map are the residential centers where the maximum population of Delhi resides. The red spots on the map imply that the residential centers of the city that are fully populated cannot accommodate any more residents on the currently available land. Delhi needs to expand to meet the needs of the migrant population which is expected to be 2.3 crores by 2021. The current infrastructure is only equipped to handle 1.5 crores of the 1.9 crore residents.

Distribution of land returned to DE (60%):

Gross residential – 53%
City-level (commercial) – 5%
City-level (public/ semi-public) -2%

Distribution of land returned to DE (48%):

Gross residential – 43%
City-level (commercial) – 3%
City-level (public/semi-public) – 2%

Which areas will come under the ambit of this policy?

To compensate for the 50-60k acres of land requirement in the upcoming years, areas like Narela, Najafgarh, and Bawana will witness land pooling and development. About 89 of the 95 villages have been listed as urban villages that will accommodate development. This system is a part of the master plan for Delhi-2021 according to which the city of Delhi will be developed.

The master plan has highlighted the following roles in infrastructure development for each:

DDA:

Time-bound development of Master Plan Roads.
Create a plan for physical infrastructures such as water supply, sewerage, drainage, provision of social infrastructure, and traffic and transportation infrastructure including metro corridors.
External development in a time-bound manner (external development charges and other development charges acquired for city infrastructure shall be payable by DE on the actual cost incurred by DDA)

Developer Entity (DE):

Approval of layout/ detailed plan from DDA
Demarcation of roads as per layout plan, sector plan, and obtain verification of the same from the concerned authority.
Develop sector/ internal roads/ infrastructure/ services in its share of land (which includes water, power supply lines, rainwater harvesting, STP/ WTP, etc.)
Timely completion of development and its maintenance with all facilities (open spaces, roads, and services till the area is handed over to the Municipal Corporation)

Special Provisions for the Economically Weaker Sections (EWS):

As per the master plan, the developer entity will assure sufficient provision of EWS and other housing as per the Shelter Policy of the Plan. Aside from this, the developer entity shall also declare the prescribed built-up spaces, EWS dwelling units, and LIG Housing components to the DDA as per the policy.

The EWS Housing unit size range within 32- 40 square meters.
50% of EWS housing stock to be maintained by DE for regulated sale for community service personnel and the remaining 50% to be sold to DDA, which will be improved as per CPWD index at the time of handing over.

Development Framework and Control Measures

The Government/ DDA will be answerable for creating and implementing a framework for Land Pooling Policy to:

Frame detailed regulations including process and a timeline for participation in a time-bound manner. The laws shall be put up in public domain for capturing views of all stakeholders by giving a 30-day time frame
Create a dedicated unit for dealing with approvals of Land Pooling applications
Create a Single Window Clearance wherein all the agencies accountable for giving time-bound clearances will meet regularly as per notified timelines.

DDA shall formulate the following norms pertaining to the policy:

The residential Floor Area Ratio (FAR) of 400 for group housing to be applicable on net residential land exclusive of 15 percent FAR reserved for Economically Weaker Section (EWS) housing. Net residential land to be a maximum of 55 percent of gross residential land.
This is explaining the concept of building higher to support more population
FAR for city-level commercial and city-level public/semi-public development to be 250.
Subdivision of residential areas and provision of facilities shall be as per MPD-2021.

How shortly will it be implemented?

Lieutenant Governor Anil Baijal has approved and notified DDA Land Pooling Policy, and the implementation is set to begin once proposals are built on the final draft.

Apart from this, the developers have already started pooling land and we can see housing units soon.

What’s in it for a Delhi resident?

Being a Delhi citizen, you can expect approximately 25 lakh housing units in the coming 10 years. That means cheap and affordable housing.

If you are not a Delhi Resident, you can still invest your money in the land pooling scheme so to be a part of one of the biggest real estate booms in India.

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Tips to sell your house faster.

Jan 24,2020 / By Supriya Mogarala / No Comment

When you are selling your house in a buyers’ or sellers’ market, the basic points to sell a house will never change. Buyers will be most interested in your house during the first few weeks it’s on the market, so you are in the best state to sell your house when your house is ready to be sold. Too often there are numerous homebuyers that are being trapped in selling their house. By using the below tips, you can expect an offer in very less time.

Few simple steps for how to sell your house:

Be sure if you really want to sell your house:

You will save a lot of time if you don’t start the process of selling your house even before you know if you are ready for it. Here are a few things that you must be assured about a few questions:

· Be sure if you can afford the cost of selling a house

· Be sure if you are ready to leave this house

· If you have built up enough equity in this house to sell

· If space is the issue with the house then is buying a new house a good move or not.

If you are sure about all the above concerns then you can go ahead for it. To sell your home fast, you must take an active role in this process. You must take note of all the potential flaws. Do your entire homework, just to show how great your property is.

Find the right real estate agent:

Every seller deserves a better agent. You must be choosing a real estate agent who will be as much involved in selling your house as you are and who will suggest you what’s wrong and what’s right and how can you improve it by helping you coordinate with everything that is involved in your home buying process. When you are choosing an agent to work with, take options and referrals from people whom you trust and who has been through the home buying and selling process. Consider your particular needs and find an agent who would help you develop your home selling process. You will definitely have a lot of options when choosing your agent, so choose one who is fit for your situation.

Choose the correct time to go on the market:

The Indian housing market has its own ups and downs throughout the year and the schedule is pretty set. You must watch out for the perfect season where it is more likely to watch when buyers will look to buy a house. If you are trying to sell your home faster, then you must take advantage of this activity.

Capture professional pictures of your House:

Pictures of your house are very important when the buyer will see your house, they will understand to schedule a meeting or not. Good photos should highlight your house and photos must consist of all the features of your house. Photos must be taken in such a way that the space looks warm and inviting as much as possible. Photos are one of the most important parts of the listing, so make sure that it’s done in the right way.

Price it appropriately:

Everybody wants to make as much money as possible by selling their house, but it’s important to be realistic about the property. If your goal is to sell your home fast then pricing it appropriately will help you sell your home faster. You don’t have to underprice it but just try to price it smartly.

Declutter:

As soon as you know that you are going to list your home on online portals, it is always better to remove clutter from your house. The less stuff you have cluttering your home, the more buyers will be able to see the space itself, and not the items occupying the space.

Depersonalize:

Buyers must be able to see the property clearly, and they will have a tough time if they are looking at your family photos. The sooner you can remove any items that personalize the home, the better you can present a blank slate to the buyers who want to buy your property.

Staging your house:

Decluttering and depersonalizing are part of staging your house but not all of it. To sell your house quickly, your house needs to be decorated in a way that highlights its best assets. You must rearrange your furniture to open up space. Painting your walls with neutral colors, repairing all the imperfections, getting rid of anything that your house does not want, holiday decorations and all such staging tips will make sure that you are developing your house that will appeal to buyers and will show the buyers that they won’t need to do much work when they move in.

Be accommodating:

The selling process can be a bit of pain, mostly when buyers start scheduling their visit and you should get out of your house. Arrange the schedule so that it is comfortable for the buyer but not ideal for you. If you suggest any new time then there might be a chance where the buyer will lose his interest and might not visit your property.

Feedbacks:

Some buyers will contact your realtor after giving feedback on the property, be it good or bad, but many don’t.it’s important to get clear feedback from every single agent to know if you are doing right or wrong. Make sure your realtor is always up to the mark with the buyer’s agent to get their view on the property and find out if buyers liked your house or not. Then use the feedback to make the changes accordingly.

The average time takes to sell the house is between 65-70 days, but it is unquestionably possible to sell faster than that if you take the time to optimize each aspect of the house selling procedure. You can do everything in your ability to make sure that when the right buyer will come along, they know instantly that they have found their perfect fit.

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2020′s latest flooring options.

Jan 22,2020 / By Supriya Mogarala / No Comment

TOP FLOORING OPTIONS FOR 2020

Flooring trends keep changing throughout the years as homeowners obtain new tastes and also technology enables a greater variety of flooring designs. Flooring finishes varying from ebony to driftwood became very famous in recent years. Few unique trends that had picked up are allowing flooring imperfections such as the mineral streaks and knots to create a natural look. It was also a significant year for faux flooring. Tiles that resemble wood were, particularly, in trend. 2020 is expected to bring with it the latest and exciting trends.

Trend #1. Fumed Wood Flooring – Stronger Color & Grain

Fuming provides the wood rich dark tones and improves the natural grain of the wood. The final look is much more luxurious when compared to stain wood flooring. Using liquid ammonia on the wood risks damaging the fiber and could reduce its structure. To maintain expectations and safety concerns–do lots of research if you are planning to use fumed wood flooring.

Trend #2. Bleached & Blanched Woods

Bleaching your current wood flooring or replacing it with ready-made blanched flooring will never fail to give your current wood flooring the bleached look which is often expensive and tedious work. The 2020 bleached and blanched trend is continuing to be very popular. Although we expect this trend will transform all styles of homes since it is so breathtaking.

Trend #3. Distressed Wood & Concrete Tiles

The distressed floor style has been around for quite a while but has become even more popular just recently. Next year, expect to see more homeowners choose for that luxury aged look in their flooring. Distressed flooring undergoes artificial aging and styling methods that provide it a slightly worn finish. Distressed concrete flooring can be integrated into most types of decors but works best in industrial and contemporary home styles.

Trend #4. Wood Flooring Laid Out In Pretty Patterns

All of us are very much familiar with the basic side by side format of wood pieces laid on a floor –a description that usually relegates them to practical rather than decorative methods. But if you have been considering combining a unique twist to one of the spaces in your house, you can now add patterned wood layouts back to your list of stylish flooring options. 2020 brings with it a new look. Specifically, we are seeing an increase of Chevron or Herringbone-pattern designs in homeowner’s kitchens, bathrooms and more. Patterned floors are officially here, and you should not miss out.

Trend #5. Vintage Black & White

Vintage has always been about bringing back the warmth and memories of decades past. In 2020, black and white tiles are earning a strong comeback. It’s not the same old black and white tiles that enhance historic homes. Alternatively, it’s bold, graphic, and more luxurious. More and more homeowners need a unique twist to the vintage flooring style. This incorporates smaller tiles with bolder graphic patterns. This absolutely blends vintage with contemporary for the perfect look and feel.

The general feeling moving into 2020 is that no one is convinced anymore with traditional materials. Homeowners need flooring materials that have been given proper treatment to make them unique in design and texture. Whether it is fumed wood, blanched flooring, textured tile or wood resembling tiles; buyers are looking for fresh and exciting choices. Fortunately, 2020 addresses quality, variety, style and it is not going to disappoint anyone.

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