LATEST BLOGS

Adventure of Tenants Around Planet

7/12/2021 4:53:00 PM

Animatedly grin while unlocking a new door, a new normal phase is about to begin, seems happiness is standing outside specially to welcome just next to the main door as despondency has been thrown before the ride to the arrived destination, history is witness, often, fresher’s have always been special at that moment. The “Warrior” named tenant has rented house cleaned, inculcating, tranquility will be maintained. Unfortunately, some dreams never to be a reality, agree, some obstacles can be less if landowner residing somewhere, but in the month-end these uninvited guest has to appear in your door accompanying do’s and don’t, Meanwhile, other tenants are trying to please uninvited guest to persuade their demands by throwing surprises, But they don’t know these people are not ready to give even concession on rent during corona lockdown period, rather they don’t want to know about “wave-off”, inhumanity, but this is the ground reality about landowners, agree exception could be somewhere but not all lucky to have them. Landlord inhumanity stories have been broadcasting on TV screens since covid-19 lockdown, it is the consequence of supposing rental property is their own. Relationships, that had been flourished before corona, seems were breaking in a pandemic. Bhabhi ji and bhaiya ji are prevailing among others. Culinary exchange ritual, prevailed as a love token, suddenly had been stopped, looking at prospective rental issues nor for corona spread, reflects the split personality of a human being. Tenant aka “warrior” wondered about a situation, irrespective of huge housing hunt and R&D, they invented this suitable one and now, corona became successful to make things worse by breaking their relationship with their matched ones. somewhere, was being seen this situation over astrology perspective. Both Paying guests and tenant seem riders of the same destination, on close inspection we found paying guests are tolerant more than a tenant. They have to share the same space with two and somewhere three. Paying guests have to share a kitchen and even a washroom. The bathing pioneer is seen as a warrior. Since their hunt is started by morning and continue till night napping as they fail to get sound sleep due to roommates whispering. Here, smartphones became a weapon to create clutter around the accommodation. Their domestic fights pop out as Line of Control issues and suddenly that issues become successful to bloom political parties in the same constituency. This means you cannot become contemporary “Arjun”, the divine soul popular for his focus. Calling it hell on earth will not go wrong and who they experienced it, will agree with solidarity. Unlike housing hunt and R&D they comfortable to shift frequently, and end up with their bad stars. Spending life as a tenant is going to be adventures, you have to meet with different issues on a daily basis and sudden rent hike is work like catalyst into it. While coming home from professional chores aunty ji always grabbed, irrespective of tread on toes, “Many are prowling around, and asked me about rent, so much demand”. Remaining talk always on phone, “use water under urgency”. It is the place where maintenance is never ended, deep down, retorting is prohibited on apocryphal tales. Day begins with grabbing wire for drying cloth under the sun to car parking tug, competitions are flourished since sunrise. In extreme cases, the alarm is put down before buzz. If you believe in revital benefits, you should definitely take it, to be active in the whole day. Tolerance, Cold War, and hypocrisy are prevalent tools to be a long-lasting tenant. Living being tenant, life seems untold. In fact, life cannot be dragged, rather to live in our terms. By the September month, festivals are about to begin and enthusiasm is on the peak. In most of the cases, Festivals are inexpressive for tenants. Often, “Apna Ghar” is remembered in festival vibes. Having boundaries, preparations are often rather shallow, and incomplete emotions ruin the celebration to some extent. The Audience is often enjoyed the adventures of stars but fiercely leaps to the next channel on television while feeling irritated. Many banks and National Housing Banks are offering lucrative interest rates towards housing loans and Govt. “Housing For All” component would make the dream home true. CHANDIGARH

Thermocol Earthquake Resistant and good Conservation Practice of Natural Resources

8/25/2021 4:58:00 PM

Earthquake seems like monster when it becomes disaster for nature and man-made things. People become homeless in seconds and the loss of loved ones is a bitter truth which can never be compensated. Science and Technology has always been a sign of hope for human beings and so many problems have found solution by hard work of research scholars. Now, we could think that if earthquake shakes even seismic zone, The home and infrastructure will not destroy, and simultaneously human lives will also be saved. According to Researchers at Indian Institute of Technology, Roorkee (IITR) found that thermocol or Expanded Polystyrene (EPS) could resist earthquake forces on up to four-storey buildings. Thermocol could be the material of the future for construction of earthquake-resistant buildings even in the most seismic zone with thermal insulation and could also save the energy required to develop construction materials. The researchers tested a full-scale building and a number of wall elements constructed with thermocol sandwiched between two layers of concrete at the National Seismic Test Facility (NSTF) of the Department of Earthquake Engineering, IIT Roorkee. This was developed under the Fund for Improvement of S&T Infrastructure (FIST) programme of the Department of Science & Technology (DST), Government of India, a release from the Ministry of Science and Technology said on Monday. Adil Ahmad, the research scholar who conducted the tests, evaluated the behaviour of the constructions under lateral forces, as earthquake causes a force predominantly in lateral direction. The project was supplemented with detailed computer simulation of a realistic four-storey building. Supervising the research, Yogendra Singh, a professor at IITR, informed that the analysis shows that a four-storey building constructed with this technique is capable of resisting earthquake forces, even in the most seismic zone of the country, without any additional structural support. The researchers have attributed this earthquake resistance capability to the fact that the EPS layer is sandwiched between two layers of concrete, having reinforcement in the form of welded wire mesh. The researchers said that the force being applied on a building during an earthquake arises due to the inertia effect and hence depends on the mass of the building. Thermocol resists earthquakes by reducing the mass of the building. In this technique, the EPS core and the wire mesh reinforcement is produced in a factory. The building skeleton is first erected from the factory-made core and reinforcement panels, and then concrete is sprayed on the skeleton core. This technique does not require any shuttering and hence can be constructed very fast, the researchers said. Besides resisting earthquakes, the use of expanded polystyrene core in concrete walls of a building can result in thermal comfort. The core provides the necessary insulation against the heat transfer between building interior and exterior environment. This can help in keeping the building interiors cool in hot environments and warm during cold conditions. India suffers a large variation of temperature in different parts of the country and during different seasons of the year. Therefore, thermal comfort is a crucial consideration along with structural safety. "The technology also has the potential of saving construction material and energy, with an overall reduction in carbon footprint of buildings. It replaces a large portion of concrete volume from the walls and floor/roof. This replacement of concrete with the extremely lightweight EPS not only reduces mass, thereby decreasing the earthquake force acting on a building but also diminishes the burden on the natural resources and energy required to produce the cement concrete, the release added. Source: ET Realty INDIA

Life in a City

11/16/2021 12:19:00 PM

Bizarre activities at heavy gym machine installed parks, energetic weekend and almost compulsory to mark attendance in restaurants and theaters. About to heart attack on Monday's, striding towards destination and rushing to be No 1 is the definition of life in career magnet hubs. Migration to cities from villages lead nuclear families and almost every member is working seems like sachin Tendulkar in the productivity pitch. Mostly, you are being missed in hometown family functions and fortunately, whenever you appear like id ka Chand, suddenly you become momently Shahrukh khan. City is a kind of recipe that is cooked with ingredients like opportunities, amenities, giant infrastructure and amusement. It connects almost 5 to 6 states. People from different rural and underdeveloped areas are attracted to cities and Metros. People come here to earn and to explore something better. Sheen and money mine called city give them a good career and lifestyle. Suddenly Naive becomes smart and emotional becomes practical. Being rational is a good thing, if you want to survive here and make something big, you must fit into that box. As much as you fit into the box and put effort into your career you will become successful with your good graph career report card. Your own big expensive car and at least a flat are proof that you have become successful and happy. On the other hand, monthly EMI lets you not forget about financial pressure. Big grinning with excellent communication skills, expensive professional clothes, eating etiquette etc. matters a lot, it does not matter your mind and soul are grinning too. And yes, you must speak English language irrespectively you celebrate Hindi divas digitally. Thanks to available English-speaking institutes in the city that are capable to train migrated educated professionals who are not confident with their language and consistent education. There is no doubt that city life gives you a facilitated and glamorous lifestyle. School, colleges, multi-specialty hospitals, best restaurants, theaters and many more. Everything is available at your doorstep. But whatever city gives you it takes too in exchange. Your social life imprisons into cage. You have to revolve around the computer or mobile screen throughout the day and talk like a robot to your clients about what your company programs into your memory. Job targets and long shifts have made life as scheduled. At late evenings you know how’s was weather and if you are lucky you are blessed with window or glass cabin. Your life has become limited to your well-tech and serviced cabin. In the rush of success and achievements, people's lives became stride. They eat fast food and prefer food that can be cooked quickly due to a tight schedule. It does not matter how healthy and nutritious it is and finally ends up with diabetes, cholesterol, heart diseases and many more. They have to take a handful of medicines along with no nutritional value food. Medicine for appetite and medicine for digestion matters simultaneously. On the other hand, Science Researchers and Doctors are busy finding new diseases and viruses. Problems like anxiety and depression, which are rising among people who are living in cities and Metro. Lack of social life, losing the art of sharing and caring leads to these problems. And when we go through these issues, Doctors recommend patient to be involved socially, physical activities and tapping along with medicines. They advise their patients to share whatever you feel with their loved ones. Whatever our ancestors did. They used to talk about their problems in family and lived a healthy, peaceful and happy life. Take out some time for Anger, Cry, fight and laugh with your loved ones which are the way to express what you really feel. I think, behaving like robot throughout the day will not work for long span. Let’s behave like real at least for some time. It is true, to be financially sound is necessary to lead a smooth life but the need of the hour is to find a way so that professional and social life can walk together. Good health is a combination of physical activity, nutritious food, healthy relationships, social involvement, and of course sufficient bank balance. If anything is missing, your physical or mental health affects you and leads a poor and unhappy life. INDIA

LATEST NEWS

Real estate sector revival to continue into 2022

12/2/2021 10:42:00 AM

The real estate sector has made an impressive revival despite disruptions and market upheavals during the pandemic. Analysts have a positive outlook that this revival will continue into the New Year. The sector has transformed into a buyer’s market, and today, with an evolved sense of preference, buyers are focusing on customised offerings to make ideal investment decisions. As per a recent report, nearly 80 percent of prospective home buyers prefer to purchase properties that are ready to move in or nearing completion. While work from the office has re- emerged, ‘work from home’ may not entirely go away as it is now an integral part of long-term work strategy. Moreover, a blend of positive factors like low home loan interest rates, customer-centric regulation, affordable property prices, developer offerings on new products and payment flexibility has prompted even fence-sitters to make the purchase decision, sooner than later. Thus, buoyed by strong economic fundamentals and a conducive business climate, 2022 is expected to unlock a plethora of opportunities for Indian real estate. We can see significant changes in consumer behaviour and market sentiments in real estate as the pandemic continues to ebb. Buyers are first researching projects digitally and are gaining more knowledge about them before physically visiting the projects and making decisions. Homeownership has become a priority, with businesses focusing on remote work – and homebuyers’ need for bigger spaces. Hence, customer-centricity is defining the Indian real estate sector and it is important to recognise this shift in their outlook towards property purchase. The positive performance of the residential sector followed by good execution in recent times are important signs that momentum in home buying will continue to persist in the near future. With pent-up demand, an upswing in the job market, the mass rollout of vaccines and the lowering of infections, the real estate industry is bouncing back. These factors will play a key role in boosting demand and pave the roadmap for a vibrant housing ecosystem. The festive season too has added to the already positive outlook that home buyers have been exuding in recent times. In fact, the industry has shown positive recovery with great momentum, taking the sales to pre-COVID levels within months after cities have returned to normalcy. A recent report has announced new residential unit launches increased by 90 percent in Q3 2021, a significant recovery compared to launches last year.In this renewed demand, ready-to-move-in spaces are the top priority among discerning customers who do not want to wait endlessly for their properties given the background of the pandemic. These homes are a safe investment option in today’s world where preferences are changing rapidly. While buying a home, customers are also now increasingly looking for reputed developers with an excellent track record, execution capabilities and quality projects. Developers are also increasingly relying on emerging digital technologies to deliver smarter experiences. The real estate segment has remained the safest investment option and will continue to attract investors keeping market sentiment buoyant. The increase in demand is organic as it is driven by the realisation among buyers that owning a home in the midst of the pandemic is invaluable. The trend of demand remaining buoyant can be attributed to several other factors, including the overall improvement in the job market, resumed economic activity, pent-up demand and an increasing desire to own physical assets during times of unprecedented uncertainty. The realty sector in India is one of the pillars of the economy and is the second-most elevated business generator in the country after agriculture as the sector is interlinked to 250+ allied industries. The sector represents almost 6-7 percent of the economy and is set to increase to around 13 percent by 2025. All in all, the future will be a harbinger of positive growth, innovation and investment for the residential real estate sector. Source: CNBCtv 18 INDIA

Noida: Homebuyers rejoice as registration of flats now to be done on carpet area

12/4/2021 11:05:00 AM

The Noida authority has issued an order mandating that the registry of flats will now be on the ‘carpet’ area, much to the relief of thousands of homebuyers who have long been demanding that the registry of a flat should not be determined by the ‘super area’--a factor that gives the scope to a developer to escalate the cost of an apartment. The new order has paved the way for apartment owners to pay less to a developer and also a lesser registration fee for a flat to the stamp department. Since 2016, when the Real Estate Regulatory Authority (Rera) Act came into being, homebuyers intensified the demand for registry or sale of a flat on carpet area. Even before the Rera Act, homebuyers, citing the provisions of UP Apartment Act, used to demand that a flat’s rate be determined by the carpet area but the developers kept objecting to the demand. According to the provisions of the UP Rera that came into effect on May 1, 2016, the carpet area means the net usable floor area, excluding the area covered by external walls, service shafts, balconies, verandahs and open terraces. Buyers said the ‘super area’ refers to the common area that developers add to the actual size of the flat, thereby increasing the size of the unit to make more profit. “According to RERA, the developer should sell a unit on the basis of carpet area and not on the super area. The developer should make an agreement with a buyer based on the carpet area; if he does the registry of a flat on the super area, it is against the law. Be it agreement, sale or registry, if it is not determined by the carpet area, then it is illegal. Since Noida authority is a party in the sub-lease deed process, its circular (on registration of flats) will benefit customers. It was much needed to put an end to all confusions,” said Rajive Kumar, chairman of UPRera. “After a long battle, the Noida authority has finally issued an official order, sending a copy of the same to UP RERA, the stamp department and other agencies in this regard. We are delighted with this order as it will benefit scores of homebuyers, who are looking to buy an apartment or get a flat’s registry done. The move will bring down the overall cost for each flat by upto 28% ,” said Chakresh Jain, a homebuyer, who has been fighting for this demand for the last six years. Homebuyers had first raised this issue of developers charging more in the name of ‘super area’ of a flat before officials of the UP stamp and registration department in Noida on December 20, 2010. Subsequently, the administration had written to the Noida authority asking it to stop the sale of flats on ‘super area’ as it affects buyers. “From the model guidelines issued in 2018 by the UP Rera, it is clear that the sale/purchase or sub-lease deed should be executed on carpet area. In future, sale/purchase or sub-lease deed should be executed only on carpet area basis,” said Neha Sharma, additional CEO of the Noida authority. There are at least one lakh apartments, whose registry has to be executed in Gautam Budh Nagar. Developers also welcomed the move of the Noida authority. “The move will benefit homebuyers, who otherwise had to pay more in stamp duty at the time of registry. If the carpet area of a flat reduces, it will automatically bring down the cost of the flat, which in turn will benefit homebuyers,” said Subodh Goyal, secretary of Confederation of Real Estate Developers Association of India (CREDAI), a builders group. S S Pal, assistant inspector general of UP stamp and registration department in Noida, said, “We are ready to implement this order if the Noida authority has agreed on doing the registration of a flat based on the carpet area. Our duty is to execute registry on the basis of details provided by the Noida authority, buyer and the developer.” Source: Hindustan Times INDIA

Chandigarh administration okays adoption of model tenancy act

12/7/2021 10:52:00 AM

The UT administration has okayed the adoption of Model Tenancy Act approved by the Union cabinet in June this year. UT adviser Dharam Pal said that they have considered all objections and suggestions, and the file will soon be sent to UT administrator Banwarilal Purohit for final approval. The UT will then issue a final notification, he said. The administration has started the process to implement Model Tenancy Act in October 2020. The administration had sought objections and suggestions from the public on the draft of the Act. With the implementation of the Act, a rent authority will be established for regulating renting out of premises and to balance interests of owner and tenant by establishing adjudicating mechanism for speedy dispute redressal. A rent court and a tribunal will be set up to hear appeals and related matters. The rent authority will have exclusive jurisdiction over tenancy issues. All rent agreements will have to be submitted to it. The landowner and the tenant will have to separately file particulars within a month of signing the agreement. At present, these can be registered at the subregistrar’s office. In 2019, the administration had sent the Centre’s Model Tenancy Act, 2019, and the draft of the Chandigarh Tenancy Act, 2019, to the ministry of home affairs to take the final call on the tenancy Act to be to be implemented in the city. In June 2019, the UT had prepared a draft of the Tenancy Act based on the Centre’s Model Tenancy Act, 2015. But the Centre proposed a new Model Tenancy Act in August 2019. Source: ET Realty INDIA

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