Real Estate News Smart Residential Living

Commonfloor Launches SmartGuard for Future-Ready Apartment Complexes

Jul 4,2018 / By Priyanka / No Comment

CommonFloor, a Quikr company that offers home seekers, sellers and real estate professionals an extensive online real estate ecosystem, announced the re-launch of a SmartGuard solution. A new feature on the CommonFloor Groups app, it will provide residential communities with improvised security features to manage visitor information and enhance residents’ safety in the society.

The new enhanced version is based on the recently conducted consumer survey on CommonFloor Groups. It revealed some of the key concerns related to child safety, need for better documentation processes and an easier mechanism to track vendors and visitors that goes beyond manual tracking. This new and improvised feature helps build smarter communities across the country.

The robust, cloud-based online platform transforms security guards into Smart Guards who can connect, communicate and collaborate with residents and apartment associations in a hassle-free manner.

It is an easy way to manage visitor entry as every information is recorded digitally.

It allows residents to approve visitors’ entry with OTP (one-time password), without dependency on an intercom.
It also allows residents to pre-approve hassle-free entry for their guests to avoid any waiting time involved in manually registering their names at the front gate.
It gives real-time notifications on the attendance details of domestic help and other staff members, the arrival of the school bus and daily vendors, among others.

CommonFloor Groups is a platform that brings residents of apartment communities together in order to build a close-knit, digitally well-managed and happy community. Currently, about one lakh+ communities across India are using this app who will benefit from the enhanced apartment safety and security features.

CommonFloor would soon be adding more features like timer options and SOS alerts that will address other unique concerns, thus building a strong firewall for apartment security.

About CommonFloor: CommonFloor is a Quikr company that offers home seekers, sellers and real estate professionals an extensive online real estate ecosystem. This ecosystem innovatively combines at a single stop: Exhaustive search options for both renting and buying property; Easy to use analytics; Apartment and locality reviews; a comprehensive and verified database of apartments across India; Apartment community management tools. Visit www.commonfloor.com for more details.

Shillong: The 100th Smart City

Jul 3,2018 / By Priyanka / No Comment

Earlier in January, the Ministry had come out with a list of nine smart cities making the total number of 99 Smart Cities. And recently, The Ministry of Housing and Urban Affairs has selected Shillong as the 100th city to receive funding under the Centre’s flagship Smart Cities Mission after evaluation of the proposal submitted by it.

Last year, June 23 Narendra Modi government had released the third list of 30 smart cities, taking the total number to 90 under the Smart City Mission. The third list was topped by Thiruvananthapuram. Other cities that featured the list included Naya Raipur, Srinagar, Jammu, Pimpri Chinchwad, Karimnagar and Dehradun to name a few.

The Smart City Mission is measured as one of the most determined projects of the Modi government. Launched in 2015, the project has entered into execution stage where 100 cities will be provided Central funds to develop infrastructure and become smart.

How smart cities work in India?
In 2015, the smart city scheme was launched by the Central government, where states have to nominate cities and compete with others to get funding. 99 cities have been selected to be upgraded as part of the Smart Cities Mission after they defeated other cities in the challenge.

1st Round winners – Selection of 20 Smart Cities
2nd Round winners – Selection of 13 Smart Cities
3rd round winners – Selection of 27 Smart Cities
4th round winners – Selection of 30 Smart Cities
5th round winners – Selection of 9 Smart Cities

A special purpose vehicle has been formed to lead the mission in the cities selected.

So, what would smart cities of future do? According to the ministry, they would:
• Provide a new identity for the city.
• Deliver equal housing opportunities for all.
• Encourage mixed land use in area-based developments.
• Preserving and developing open spaces.
• Encouraging a variety of transport options.
• Make governance citizen-friendly, cost-effective and technologically advanced.
• Create walkable localities and reduce jamming, air pollution, and resource depletion, apart from improving the local economy.
• Applying smart solutions to infrastructure and services in area-based development to improve them

Bottomline: The Smart City initiative is not about the Union government providing extra resources for urban development. The scheme is about citizens planning and understanding smartness. This is the first time, a Ministry of Urban Development (MoUD) program has used a competition- based method as a means of selecting cities for funding, and used an area-based development strategy.

Modi govt changed rules: Now get bigger homes under PM Awas Yojana

Jul 2,2018 / By Priyanka / No Comment

Good news for all the home buyers in cities. Changes have been made in the Narendra Modi government’s affordable housing scheme Pradhan Mantri Awas Yojana-Urban (PMAY-U).

The government has approved a 33-percent increase in carpet area of houses eligible for interest subsidy under its affordable housing scheme Pradhan Mantri Awas Yojana-Urban (PMAY-U) to attract more beneficiaries, the Housing and Urban Affairs (HUA) Ministry said.

An increase in the carpet area of a house under PMAY-U has been made across all middle-income group groups. For Middle Income Group-I (MIG-I), the carpet area has been increased from 120 sq m to 160 sq m and for MIG-II, it has been increased from 150 sq m to 200 sq m.

The new rules were effective from January 1, 2017 – the date on which the scheme became effective. Under the Credit-Linked Subsidy Scheme (CLSS), each beneficiary can avail funding up to Rs 2.35 lakh on buying of a house under this scheme.

A four percent interest subsidy is available on loans up to Rs 9 lakh for homebuyers with an annual income of Rs 6-12 lakh under MIG-I plan. Three percent interest subsidy is given on loans up to Rs 12 lakh for homebuyers with income between Rs 12-18 lakh per annum.

The change in rules enables more MIG customers to qualify for funding and avail the benefits provided under Pradhan Mantri Awas Yojana-Urban (PMAY-U). Apart from growing the number of beneficiaries, the improvement in carpet area will increase the construction activity and will give a push to the housing sector.

According to Housing and Urban Affairs ministry, an amount of Rs 736 crore had been distributed to 35,204 recipients belonging to the MIG category till the second week of June. After accumulating inputs from various stakeholders, the decision to increase the carpet area for MIG section was done.

Previously, the Centre approved construction of 1.5 lakh houses for urban poor under the PMAY-U in May taking the total number of dwelling units to 47.52 lakh under the programme so far. The approval required an investment of Rs 7,227 crore with central assistance of Rs 2,209 crore.

Sarjapur Road – One of the Fastest Developing Micro Market in Bangalore

Jun 29,2018 / By sunil deo / No Comment

#1. Sarjapur Road

Sarjapur Road is situated strategically in southeastern Bangalore and links to Madivala from Sarjapur. This locality has witnessed considerable development and has found favour with IT professionals working in major zones like Electronic City, Whitefield and Marathahalli. The area is home to the Market Square Mall along with several hypermarkets and supermarkets like the More Supermarket, Spencer’s Hypermarket and Families Hypermarket. There are several stores here including Looking Good Furniture, MegaMart and Adidas.
Several reputed educational institutions including the Delhi Public School, Indus International School, Swiss Graduate School of Management, Bangalore Technological Institute and the ISME-International School of Management Excellence are located in Sarjapur Road Locality.

Connectivity and Transit Points

 The Sarjapur Road offers great connectivity to places like Whitefield, Koramangala, Electronic City, Marathahalli, Outer Ring Road and Silk Board. The Hosur/Haralur/Chandapura Roads offer great connectivity to the Electronic City IT hub.
 The Kempegowda International Airport is located 52 kilometres away and can be accessed via the Outer Ring Road and also the Hyderabad-Bangalore Highway.
 The nearest railway station is located only a kilometer away and is the Carmelaram railway station.

Hosur Road – One of the most Prominent Micro Markets in Bangalore

Jun 29,2018 / By sunil deo / No Comment

#2. Hosur Road

Hosur Road is a lengthy and efficacious four to eight lane highway running through the National Highway 7. Beginning at the Vellara Junction on Richmond Road, it winds through Koramangala and Silk Board, and runs all the way upto the border town of Attibele in the Krishnagiri district of Tamil Nadu. The ‘villages’ of Bommanahalli, Hebbagodi, Singasandra, Chandapura and Attibele which once held the status of out-skirt suburbs, now fall within the developing belt of Hosur Road, bringing in growth, movement, and progress to these areas.

The growth of Electronic City as a large IT hub within the city led to the development of Hosur Road as well, creating a brand new and highly equipped residential and commercial market.
Although this area initially targeted professionals working in the IT/ITeS industry, its affordable property rates, continued development of infrastructure, and great connectivity has attracted hordes of people from a multitude of professions

Connectivity and Transit Points

 Hosur Road lies close to Baiyappanahalli, the terminal point on the east-west corridor of the Namma Metro, allowing for arrival at prime destinations like Indira Nagar and M.G. Road within minutes.
 Bangalore City Junction, the main railway station in Bangalore, lies 9 km away and is accessible via auto rickshaw or taxi services.
 The Kempegowda International Airport is approximately 40 km away from Hosur Road (Vellara Junction), and is easily accessible via KIA buses, with the frequency of half an hour.

Category : Smart Residential Living

Commonfloor Launches SmartGuard for Future-Ready Apartment Complexes

Shillong: The 100th Smart City

Modi govt changed rules: Now get bigger homes under PM Awas Yojana

Sarjapur Road – One of the Fastest Developing Micro Market in Bangalore

Hosur Road – One of the most Prominent Micro Markets in Bangalore