A guide to choosing the right colors for your house.

Nov 13,2019 / By Supriya Mogarala / No Comment

Whatever the selection, colors have an influence. That’s why most utmost modern homebuyers appreciate picking the colors that will determine the appearance of their latest home.

For those who have the intention to establish a fully custom house, the sky’s the border with regard to color alternatives. For those who purchase a resale house, whatever the former owner desired is what the subsequent buyer will get.

Between those two is the recently built home, which contributes buyers an insufficient number of predetermined colors for paint, cabinets, trim, front door, roof tiles, countertops and more. The options are many, though not enough to overwhelm most buyers’ ability to decide.

According to therapists, colors tend to have a psychological and physical impact on us.
For example, certain colors can raise blood pressure, increase metabolism or even cause eye strain, while other colors have a healing impact and may balance energy levels.

Red

Red signifies love, enthusiasm, and strength. It is a color that radiates warmness and attracts attention. It has a vast emotional influence, delivering it exemplary for the living room.

Orange

Orange is the color of wisdom, integrity, and kindness. It indicates a healthy social environment and revitalizes the mind and body.

Yellow

Yellow is one of the most rarely used colors in the world and is exemplary for small-sized houses in cities. It radiates warmness, motivation, and joy. Besides sunlight and spirituality, yellow is also correlated with money, as it is the color of gold.

Green

Green symbolizes freshness and wealth. Its peaceful quality describes the influence of nature. The color is determined to have a therapeutic influence and is becoming for rooms that concentrate on wellbeing and relaxation.

Blue

Blue symbolizes serenity, relaxation, and tranquility. It is the color of the sky and ocean and features a cooling and soothing impact in rooms. It is perfect for bathrooms because it is correlated with water. When practiced in bedrooms, it causes sleep by tranquilizing the mind. A shade of Mediterranean blue accommodates to blur the room’s boundaries thereby, making it resemble bigger than its original size.

Purple

Purple represents emotion, enthusiasm, royalty, lavishness, and intensity of feeling.

Pink

Pink is a sensitive color and connotes consciousness and caring nature. Hence, it is exemplary for bedrooms, as it gives a peaceful feeling and executes it look cheerful.

Black and white

White is correlated with sincerity and grace, while black is blended with negativity and compulsion. If you are not satisfied with a common white wall, then, you can choose for diverse tones of white. You can pick a white tone with a pink shade, blue or green tone. This makes the room resemble bigger and vigorous. Black can be practiced to add distinction, to a room that has light-colored walls.

While painting a room, do not apply more than three colors for any area, including neutrals. All that is lacked is short planning, to discover a color that entirely suits your room.
Suggestions for painting a large room
· Bright colors combine a positive vibe and obtain the surrounding extra vigorous. Younger children, inaccurate, direct to choose bright colors like orange, yellow, and red.
· Warm colors can obtain a huge room seem more comfortable, while little bedrooms can be made to resemble larger, with cooler shades.
· Living rooms decorated in a triadic system manage to be very lively and dynamic and represent youthfulness and freshness.
Painting a small room:
· Lavender, Yellow, and pink are exemplary for small-sized bedrooms.
· You can also decorate one wall in a small bedroom with a deeper shade, to distinguish it from the separate walls in the room. The darker wall will resemble to decrease, producing an apparition of space.

ICRA: NBFC crisis to lower home loan growth for the first time in 3 years

Jun 17,2019 / By Prahalad Singh / No Comment

ICRA: NBFC crisis to lower home loan growth

The current liquidity crisis suffered by the Non-banking Financial Companies (NBFC) is expected to lower home loan growth to 13-15% this fiscal, according to a recent report released by rating agency ICRA that is lower than the average of the previous 3 years.

As per the Investment Information and Credit Rating Agency (ICRA), the NBFC liquidity crunch can also have an unfavourable result on outstanding home loans, which reached Rs.19.1 lakh crore as of March 2019.

The overall industry loan growth for Housing Finance Companies (HFC) had backed off to 15% for 2018 financial. It said that the issue with the non-banking lenders since last September that has seen a huge number of companies like DHFL and Reliance Capital suffering has lowered down credit growth of committed housing finance companies to 10% in 2019 fiscal.

Banks developed faster at 19% as against 13%, taking their overall market share to 64% from 62% last fiscal, it stated that the adding banks will lead the growth curve in 2020 fiscal. In any case, given the under-penetration of home loans, the agency expects that development should recover soon. The gross Non-performing Assets (NPA) ratio from the overall housing finance exposures increased to 1.5 in March 2019, from 1.1 last year.

The agency suggested that there could be some pressure on the nature of the assets due to the difficult working conditions and the rising risk factor. The overall NPAs of HFCs will grow to up to 1.8 % due to concerned faced by some developers.

Growth in affordable new housing segment dipped to 4.6 % as of March 2019 from 5% as of December 2018 criticising the same to devalue and sale of NPAs by some players.

HFCs would require Rs.4 to 4.5 trillion in Financial Year 2020 to meet the growing necessity of 10 to 14%, adding that companies will have to resort to securitization.

All-new Invoice View in CommonFloor Groups’ Smart Accounting module

Sep 4,2015 / By Team Commonfloor Groups / No Comment

Still generating your societies maintenance invoices printed & generated manually? Check out CommonFloor Groups’ ‘Automated Invoice Generation’ solution that can help you auto-generate your maintenance invoices, dispatch it to all residents over their email or on our mobile app, allow them to pay online and money hits societies bank account straightaway.

Our ‘All-New’ Invoice view covers exhaustive set of information & automatic computations, still looks amazingly simple. Below is a sample view of an ‘Auto-generate’ invoice coming out of our system.

Here’s a quick explanation of various sections in the Invoice:

1. Invoice Header :- The header of the Invoice is customizable and can display the Full Address of the Association, along statutory information like PAN, Society’s Registration number etc.

2. Invoice Information :- This contacts the Invoice Id, short title, Invoice/Due dates and recipient name and House number. The name & houses of all residents are automatically picked up from the resident database and needn’t be provided individually. This means just defining invoice once and auto-generating invoices for all in a click.

3. Outstanding Summary :- This is the section where resident can view a quick summary of the Invoice amount, with break-up like:

a. Previous Dues – Un-cleared amount present for that house, at the time when the new invoice is generated. This is auto-computed based on the payments recorded against the house.

b. Current Invoice - Total value of the current Invoice that is generated

c. Adjustments /Advances- If Resident has paid any amount as Advances, system will automatically adjust this amount against the current Invoice (no manual entry needed!)

d. Total Outstanding = (a) + (b) – (c)

4. Invoice Particulars :- This sections show break-up of the Current Invoice against each line items against which a charge has been raised.

5. Previous Invoice Details :- This section shows a break-up of the pending dues, with a break-up of amount against main dues and penalty etc.

6. Penalty Information & Terms & Conditions :- Any applicable Penalty information is automatically shown after particulars, based on the defined rules. So this needn’t be manually added in the Terms & Condition section. Any additional information than Penalty can be added in Terms and Conditions section.

Tip: Choose from our powerful Penalty generator, which auto-computes the Penalty charges on a daily basis.

This Invoice can be viewed by the Resident over web as well as our Mobile App. Additionally, an email notification would be triggered to all members of the House.

New: Residents can pay their dues online instantly, via our Mobile App. Read more.

Commonfloor Groups’ Smarter Communities Made a difference in BBMP Elections

Sep 1,2015 / By Team Commonfloor Groups / No Comment

We recently ran a ‘I have Voted’ selfie contest in Bangalore to encourage greater participation in the recently conducted BBMP elections and saw amazing response from the residents of a lot of communities. While the count of individual participation was high, the % voter turnout in smaller communities was much better. Our Smart Communities leveraged the tools that we, at Commonfloor Groups provide, really well. Here are a few highlights:-

2 Lac + SMSes were sent from Commonfloor Groups’ SMS platform during BBMP elections, across 10000+ active communities that are hosted on our platform.
Maximum voter turnout in certain communities was as high as 80%, much above compared to the average turn out of 50%
Many RWAs sent SMS reminders to residents every 4 hour through Commonfloor Groups’ integrated SMS platform, appealing to go out and vote.
Some Communities also leveraged online Notice feature provided by Commonfloor groups to post important information about election like Polling booths, checking name in voter list etc.
Some of the communities even ran a online Poll using Commonfloor Groups Poll module, to decide whom to vote together.
Few communities had election candidates visiting their premise for campaigning and they gather all residents by sending SMSes and online Events using Commonfloor Groups.

Overall, we are really glad that we could contribute to our vision of ‘Smart Community Living’ by helping residents choose for a ‘Smart Governance’.

Here’s a quote from Mr. Chandrasekaran Ganesh, Jt. Secretary, Royal Legend Apartment Association, Bangalore, that had a great turnout during election:-

We had a pretty enthusiastic participation from Royal Legend Apartments for the BBMP elections Selfie contest this time. The residents did came forward in big numbers to share their selfies and we uploaded it on the Commonfloor Groups portal. As the RWA, we also did our bit by arranging for individual voter slips, identifying their polling booths and Serial numbers in the rolls and communicate it to all the residents timeline using their platform. Here are some photos of our happy residents :-

We have sent out gift vouchers to all the residents who participated in the contest and uploaded their selfies. Hope you all got the gift coupons (else reach out to our support team to ask for it).

Happy & Smart Community Living!

Product Updates uncategorized

Pay Your Society Dues On-the-go using Commonfloor Groups Mobile app

Aug 30,2015 / By Team Commonfloor Groups / No Comment

Our Smart Accounting solution just got even smarter and now allows all residents to pay their society dues over our mobile apps(both Android & iOS ). So no more hassles of trying to look for a PC to pay your dues at the last minute. Just tap on to Commonfloor Groups mobile app, that you might already have it on your mobile, click on ‘My Dues’ left menu and you will be able to see the outstanding dues you need to pay and ‘Pay Online’ button to make the payment.

Once you make the payment, you would also get an instant receipt and view all past payments/ Invoices/ Receipts anytime!

P.S: – If you still haven’t installed Commonfloor Groups mobile app yet, do it now by giving a missed on 08043693804 or download it from Google Play &/or Apple App Store.