Essential Document for NRI/OCI Real Estate Investment

12/22/2024 4:04:00 PM

India has become an attractive destination for investment in real estate, and this trend has intensified with the active participation of Non- Resident Indians (NRIs) and Overseas Citizens of India (OCI) or Persons of Indian Origin (PIO). The Indian real estate sector, with its growing demand, high returns, and the appreciation of property values, continues to capture the interest of the Indian diaspora. However, before NRIs and OCIs/PIOs can make property investments in India, they must be aware of the legal framework and the necessary documentation. This article outlines the key documents required for NRIs and OCIs/PIOs to invest in Indian real estate. Legal Framework for NRI and OCI/PIO Investment in India. NRI Investment Before delving into the documentation, it is essential to understand the legal conditions surrounding property investments by NRIs and OCIs/PIOs. 1. NRI Investment: According to Indian law, an NRI (a citizen of India residing outside India) can invest in any property (residential or commercial) in India, except for agricultural land, plantation property, or farmhouses. They are allowed to purchase property through a Power of Attorney (PoA) or through direct transactions. OCI/PIO Investment  2. OCI/PIO Investment: An OCI or PIO, although not a full Indian citizen, enjoys several privileges equivalent to that of an NRI when it comes to property investments. OCIs and PIOs are permitted to buy residential or commercial property in India but are not allowed to purchase agricultural land, plantation property, or farmhouses unless they inherit such properties. Key Documents for NRI and OCI/PIO Real Estate Investments Investing in Indian real estate requires careful documentation and legal compliance. Below is a detailed list of the documents that NRIs and OCIs/PIOs must provide to make their investment. 1. Passport and Visa Details Passport: A valid passport serves as the primary identification document. NRIs and OCIs/PIOs must provide a copy of their passport as proof of their nationality and residence. Visa: While the passport proves the citizenship of the individual, the visa is important in establishing their status as an NRI or OCI/PIO. NRIs are required to provide evidence of their status, and OCIs/PIOs should provide proof of their foreign nationality and Indian lineage. 2. Overseas Citizenship of India (OCI)/Person of Indian Origin (PIO) Card OCIs and PIOs must provide a copy of their OCI or PIO card to show that they are eligible to invest in Indian property. An OCI cardholder has the same rights as an NRI in matters of property ownership, and the card verifies their status. 3. Proof of Address NRIs and OCIs/PIOs need to submit a proof of address in their country of residence. This can be a utility bill, a bank statement, or a government-issued document showing the current residential address. The address proof is necessary for identification and verification purposes. 4. PAN Card (Permanent Account Number) A PAN card is mandatory for any financial transactions in India, including property transactions. NRIs and OCIs/PIOs must obtain a PAN card from the Indian Income Tax Department if they don’t already have one. This is necessary for tax-related matters, such as the payment of stamp duty, registration fees, and capital gains tax. 5. Power of Attorney (PoA) If the NRI or OCI/PIO is unable to be physically present in India to complete the property transaction, they can grant Power of Attorney to a trusted person (typically a relative or a legal representative). The PoA authorizes the representative to act on behalf of the investor in all matters related to the property transaction, including signing documents and appearing for registration. The PoA must be executed in accordance with Indian law and notarized in the country of residence of the NRI or OCI/PIO. It should also be registered with the sub-registrar in India for validation. 6. Bank Account in India NRIs and OCIs/PIOs are required to open a Non-Resident External (NRE) or Non-Resident Ordinary (NRO) account with an Indian bank to facilitate property transactions. The NRE account is for transferring foreign earnings to India, while the NRO account is for managing income from Indian sources. A copy of the bank account statement or a canceled cheque may be required as part of the documentation to prove the existence of the account and to facilitate any payments related to the property. 7. Income Proof In some cases, NRIs and OCIs/PIOs may need to submit income proof as part of the due diligence process. This could include salary slips, bank statements, or tax returns from their country of residence. This helps to confirm the financial stability of the investor and ensure compliance with foreign exchange regulations. 8. Sale Deed and Title Documents of the Property The sale deed is the primary legal document used to transfer ownership of the property. It is necessary for the NRI or OCI/PIO buyer to review the sale deed and the title documents of the property they intend to buy. The seller must provide proof of ownership and the legal title to the property, confirming that there are no encumbrances, mortgages, or legal disputes. 9. No-Objection Certificate (NOC) from the Bank (for Home Loan) If the NRI or OCI/PIO intends to take a home loan from an Indian bank to finance the property, they will need to submit an NOC from the bank where the loan is sanctioned. The NOC states that the bank has no objections to the property transaction and is willing to finance the purchase. 10. Tax Compliance Documents NRIs and OCIs/PIOs are subject to Indian tax laws, including capital gains tax on the sale of property and income tax on rental income. To ensure tax compliance, they need to provide their tax documents, including a tax clearance certificate, if applicable. Proof of tax payments and the filing of income tax returns may be requested during the due diligence process. 11. Foreign Exchange Management Act (FEMA) Compliance NRIs and OCIs/PIOs must ensure that the transaction complies with the Foreign Exchange Management Act (FEMA) guidelines, which regulate the purchase of property by foreign nationals of Indian origin. FEMA compliance documentation ensures that the investment adheres to the country's foreign exchange laws. Conclusion Investing in Indian real estate is an attractive proposition for NRIs and OCIs/PIOs, but it requires meeting specific legal and documentation requirements. By ensuring all the necessary documents, including proof of identity, proof of address, tax-related documents, and bank account details, NRIs and OCIs/PIOs can navigate the Indian real estate market successfully. It is advisable to consult with a real estate lawyer or advisor familiar with NRI/OCI property laws to ensure that all legal and procedural requirements are met, thus safeguarding the investment and ensuring compliance with Indian regulations. INDIA

Demographic Development in India

12/21/2024 1:55:00 PM

India, the second-most populous country in the world, has witnessed significant demographic changes over the last century. Its population, now exceeding 1.4 billion, continues to grow at a remarkable rate, shaping the nation’s social, economic, and political landscape. This demographic evolution is influenced by various factors such as birth and death rates, migration, and government policies. As India moves into the 21st century, its demographic development presents both challenges and opportunities that require careful planning and policy intervention. Historical Overview of India's Demographic Development India’s demographic trajectory has been shaped by historical, political, and economic events. Before the British colonial period, the country had a relatively stable population. However, during British rule, several factors like famines, wars, and poor healthcare systems resulted in fluctuating population numbers. After independence in 1947, India embarked on nation-building and saw significant improvements in healthcare, sanitation, and nutrition, which led to a decline in mortality rates and a rise in life expectancy. The post-independence period marked the beginning of a population explosion. India’s population grew rapidly during the 1950s and 1960s, prompting the government to launch family planning initiatives in the 1970s. Despite these efforts, the country’s population continued to increase, and by the 1980s, India had a population of around 750 million. In the 1990s, India’s demographic shift became more pronounced, as the country experienced an increase in the working-age population, a phenomenon known as the "demographic dividend." 1. Population Growth India's population has grown at an average rate of 1.2% annually since the 1950s, leading to a significant increase in total population size. In 2021, India’s population crossed 1.4 billion, and it is projected to surpass China’s population by 2027, becoming the most populous nation in the world. However, the growth rate has been gradually declining due to falling birth rates and improving access to family planning. 2. Falling Birth and Death Rates Over the last few decades, India has witnessed a notable decline in both birth and death rates. The total fertility rate (TFR), which indicates the average number of children born to women over their lifetimes, has decreased significantly from 5.9 children in the 1950s to about 2.2 in recent years. This reduction in fertility is attributed to urbanization, greater female education, economic empowerment, and improved access to contraception. Similarly, life expectancy in India has increased dramatically. In 1950, life expectancy was just 36 years, but by 2020, it had risen to approximately 70 years. This improvement in life expectancy is linked to better healthcare, sanitation, and nutrition. 3. Age Structure: The Young and the Elderly India's demographic structure is still relatively youthful, with a large proportion of the population in the working-age group. As of the 2021 census, about 64% of India’s population was below the age of 35. This presents a significant opportunity for economic growth, as the country enjoys a "demographic dividend" — a large, youthful workforce that can drive productivity and economic expansion. However, the challenge lies in providing adequate employment, education, and healthcare to this burgeoning population. In contrast, India is also experiencing a gradual aging of its population. The share of the population over 60 years of age is growing steadily due to increased life expectancy and reduced fertility rates. By 2050, it is estimated that over 20% of India's population will be elderly. This poses challenges for pension systems, healthcare infrastructure, and caregiving. 4. Urbanization India is rapidly urbanizing, with more people moving to cities in search of better job opportunities, education, and living conditions. According to the 2011 Census, about 31% of India’s population lived in urban areas, and this proportion is expected to rise to 40% by 2030. Urbanization presents both opportunities and challenges. On one hand, cities are engines of economic growth, innovation, and development. On the other hand, rapid urbanization has led to overcrowding, slums, environmental degradation, and strained infrastructure and resources. 5. Gender Imbalance India faces significant gender imbalances, particularly in its rural areas. The child sex ratio in India has been a matter of concern, as the preference for male children, particularly in some regions, has led to female infanticide and sex-selective abortions. According to the 2011 Census, the female-to-male ratio was 940 females for every 1,000 males. However, this number varies significantly across states, with some states like Kerala and Tamil Nadu achieving near-gender parity, while others like Haryana and Punjab continue to show significant imbalances. Gender inequality also affects women’s access to education, healthcare, and employment, contributing to broader social and economic disparities. Challenges of India's Demographic Development India’s demographic changes present several challenges that need to be addressed through comprehensive policy action. 1. Employment Generation The increasing working-age population presents a tremendous opportunity, but it also creates pressure on the labor market. India needs to create millions of jobs annually to absorb its young workforce. This requires investments in education, skill development, and infrastructure. Moreover, the nature of employment is changing, with more people shifting from agriculture to services and industry. The government must ensure that the labor market adapts to these changes, providing adequate support for informal workers and promoting sustainable job creation. 2. Healthcare While India has made remarkable progress in improving life expectancy, it faces substantial challenges in providing universal healthcare. The country’s healthcare system remains underfunded, with disparities in access to medical services between rural and urban areas. Additionally, the aging population will require more healthcare services, placing further pressure on an already strained system. Ensuring access to affordable healthcare for all is essential to sustaining the demographic dividend and improving the quality of life. 3. Education and Skill Development With a youthful population, India must invest heavily in education and skill development. The country’s education system faces challenges in terms of quality, access, and affordability, particularly in rural areas. Moreover, the fast- evolving global economy demands skills that align with emerging industries such as technology, manufacturing, and services. India must prioritize the creation of a robust education and vocational training ecosystem to empower its youth. 4. Environmental Sustainability As India’s population grows and urbanizes, environmental challenges such as air pollution, water scarcity, deforestation, and waste management will become more acute. Sustainable development practices and green technologies must be integrated into the country’s growth model to ensure that demographic development does not come at the cost of environmental degradation. Prospects and Policy Responses India’s demographic development offers both opportunities and challenges. To harness the potential of its youthful population, the government must focus on inclusive and sustainable development policies. Initiatives such as the Make in India program, Skill India, Digital India, and Swachh Bharat Abhiyan are steps in the right direction. Additionally, improving the gender balance, strengthening social security systems for the elderly, and investing in sustainable infrastructure will be key to managing the country’s demographic transition. India must also continue to prioritize family planning and reproductive health services, ensuring that all citizens, especially in rural areas, have access to contraceptive methods and maternal healthcare. Furthermore, policies aimed at improving the quality of life for its elderly population, such as pension schemes and healthcare reforms, will be vital as the country moves toward an aging society. In conclusion, India’s demographic development is marked by rapid growth, urbanization, and a youthful population. While the country faces significant challenges in terms of employment, healthcare, education, and environmental sustainability, these can be mitigated through targeted policy interventions. If managed effectively, India’s demographic transition can be a powerful driver of economic growth, social progress, and global influence in the coming decades. INDIA

Diverse Types of Electrical Wires for Your Home

11/18/2024 2:27:00 PM

A wire is a flexible metalic conductor , especially one made of copper , usually insulated and used to carry electric current in a circuit. In the household wiring , the conductor itself is usually copper or aluminum (or copper sheathed aluminum) and is either a solid metal conductor or stranded wire. Their selection and installation maintain safety, efficiency and reliability in electrical system. The Insulation surroundings the conductors prevent unintended contact and ensures safe operation. Colored sheathing identifies different wire function such as neutral, ground or live in electrical systems. Wires are basic building blocks of entire electrical system that we take for granted and hardly notice their remarkable contributions in our daily lives. There are some types of wire :- 1. Copper wire A copper wire is a single electrical conductor made of copper. It can be insulated or uninsulated. A copper cable is a group of two or more copper wires bundled together in a single sheath or jacket. Copper wires are commonly used typed of wire in electrical system. They are known for their excellent conductivity and corrosion resistance properties. Copper wires can be classified into three types:- Solid copper wires, Stranded copper wires and Tinned copper wire. 2. Aluminum wire Aluminum wire is a wire that is used for electrical wiring in houses, power grids and airplanes. Aluminum wire is an alternative conducting material considering its electrical and mechanical properties and price compared to copper wire. Aluminum is a poorer electrical conductor compared to copper, so it is infrequently used in small applications such as home wiring. They are known for being lightweight and cost-effective. However, aluminum wires are not as conductive as copper wires, which limits their use in some high-voltage applications. Aluminum wires can be classified into two types: solid aluminum wires and stranded aluminum wires. 3. Silver wire The wire has a bright, shiny appearance and is very malleable and ductile. With the highest electrical conductivity of any metal, silver wire is commonly used for electrical applications requiring minimal resistance, including electronics, solar panels, and small appliances. Silver wires are known for their high conductivity and corrosion resistance. They are commonly used in high-end audio and video equipment due to their ability to transmit signals with minimal distortion. However, silver wires are pricey and not usually used in electrical systems. 4. Gold wire Gold wires are also known for their high conductivity and corrosion resistance. They are commonly used in aerospace and military applications due to their ability to withstand extreme environments. However, gold wires are expensive and not commonly used in most electrical systems. 5. Nickel wire Nickel wires are commonly used in heating elements due to their high resistance to heat and corrosion. They are also used in rechargeable batteries and fuel cells. Also Nickel wire has numerous uses in engineering due to the products excellent corrosion resistance, particularly in aqueous and high- temperature environments. With good ductility and workability, our nickel wire is strong and robust, while suitable for use in some of the harshest working environments. 6. Iron wire Iron wires are commonly used in transformers and electromagnets due to their high magnetic properties. They are also used in some electrical motors. 7. Steel wire Steel wires are known for their strength and durability. They are commonly used in overhead power transmission lines and in some heavy-duty electrical systems. However, steel wires are not as conductive as copper or aluminum wires, which limits their use in some applications. INDIA

Tax Implication For Resident of India

11/18/2024 1:17:00 PM

With the recent changes in tax regulations, resident Indians investing in real estate face updated tax implications that influence decisions on property acquisition, investment strategies, rental income, and capital gains. Here’s a comprehensive look at how these changes affect different aspects of real estate for resident Indians. 1. Taxation on Property Purchase: Stamp Duty and Registration Fees One of the significant initial expenses in real estate transactions is stamp duty and registration fees. Stamp duty, which varies from 4% to 8% depending on the state, is levied on the property’s sale value or ready reckoner rate, whichever is higher. Registration fees, typically 1% of the transaction value, are also mandatory. While these expenses add up, they are not eligible for tax deduction directly. However, if the property is purchased for investment purposes, these costs can be factored into the property’s acquisition cost. This can reduce capital gains tax when selling the property, as the initial investment cost will be higher, leading to lower net gains. 2. Tax Implications for Home Loans The government provides tax benefits on home loans, encouraging property acquisition. If an individual takes a loan for their first house, the following deductions apply: Section 80C Deduction on Principal Repayment: Up to INR 1.5 lakh can be claimed as a deduction under Section 80C of the Income Tax Act. This benefit is available only if the property is not sold within five years from the end of the financial year in which it was purchased. Section 24(b) Deduction on Interest Paid: A deduction of up to INR 2 lakh on interest paid on home loans can be claimed for self-occupied properties. For properties rented out, there is no upper limit on interest deduction, but the overall loss from house property that can be set off against other income is capped at INR 2 lakh. Additional Deduction for First-Time Home Buyers: An extra INR 50,000 deduction on home loan interest under Section 80EE is available for first-time buyers if the loan does not exceed INR 35 lakh and the property’s value is within INR 50 lakh. These deductions make home loans more attractive for first-time buyers and those looking to invest in real estate. 3. Rental Income Taxation Rental income generated from property is taxable under the head “Income from House Property.” The tax implications depend on whether the property is self-occupied or rented out: Standard Deduction: A standard deduction of 30% on the net annual value (gross rent minus municipal taxes) is allowed for maintenance and other expenses. This standard deduction simplifies compliance and reduces tax liability. Municipal Taxes Deduction: Property taxes paid to the local authorities can be deducted from the rental income. This reduces the taxable income, as only net rental income is taxed. For residents with more than one property, only one can be declared as self-occupied, while the other is deemed rented, and notional rent (estimated rental income) is taxable. This rule affects individuals holding multiple properties, as they need to consider potential tax liabilities. 4. Capital Gains Tax on Sale of Property When selling real estate, resident Indians are subject to capital gains tax, which varies based on the holding period of the asset. Short-Term Capital Gains (STCG): If the property is held for less than two years, the gains from the sale are classified as STCG and are added to the seller’s income and taxed according to their income tax slab rate. Long-Term Capital Gains (LTCG): Properties held for more than two years are eligible for LTCG, taxed at a flat rate of 12.5% with indexation benefits. Indexation allows individuals to adjust the property’s purchase price to account for inflation, reducing the effective tax burden. New Upcoming Highrise Luxury Project in the vicinity of Trident Hills Panchkula is in process to Launch soon. 5. Capital Gains Exemptions under Sections 54 and 54EC Taxpayers can reduce their LTCG liability by reinvesting in specific assets: Section 54: If an individual reinvests the proceeds from the sale of residential property into another residential property within two years or constructs a new property within three years, they can claim an exemption on LTCG. Budget 2023 limited this exemption to the reinvestment of up to INR 10 crore, impacting high-net-worth individuals (HNIs) significantly. Section 54EC: For gains up to INR 50 lakh, individuals can claim an exemption by investing in certain government-notified bonds (like NHAI and REC) within six months of the sale. These bonds have a five-year lock-in period. 6. Changes in TDS on Property Purchases from Non-Residents If a resident Indian buys property from a non-resident Indian (NRI), the buyer must deduct TDS on the transaction amount at rates varying based on the type of capital gains (20% for LTCG and as per the tax slab for STCG). This provision helps in ensuring tax compliance on property transactions involving NRIs. 7. Real Estate Investment Trusts (REITs) and InvITs With increased interest in real estate-backed financial instruments, REITs have gained popularity in India. These offer a way for individuals to invest in real estate without directly buying property. The income from REITs, mainly in the form of dividends and interest, is partially taxable. Dividends from REITs are exempt from tax if the REIT has paid Dividend Distribution Tax (DDT). However, interest income from REITs is taxable at the applicable income tax rates. 8. Tax Implications for Joint Ownership For properties purchased jointly, each co-owner’s tax liability is proportionate to their share of ownership. If the property is rented, rental income and tax benefits on loan repayments are shared based on ownership percentage. Joint ownership can be beneficial for married couples or family members looking to split the financial burden and tax benefits. 9. Implications of Section 194-IA TDS on Property Purchases For properties purchased at a value of INR 50 lakh or more, a 1% TDS is applicable under Section 194-IA. Buyers are required to deduct this tax from the sale value before payment and deposit it with the government. This amount acts as an advance tax on behalf of the seller, reducing tax evasion in property transactions. INDIA

Latest Tax Implication For NRI's in India

11/18/2024 12:43:00 PM

Non-Resident Indians (NRIs) have always been drawn to the Indian real estate market, owing to its growth potential, relatively high rental yields, and cultural affinity to owning property in their home country. However, with evolving tax laws, the tax implications for NRIs involved in Indian real estate transactions have become more complex. This article explores the latest tax regulations that affect NRIs who invest in Indian real estate, covering aspects such as income tax, capital gains tax, tax deductions, and reporting obligations. 1. Tax Residency Status: Understanding Its Significance The first step in comprehending the tax obligations for NRIs in Indian real estate is understanding the tax residency status. NRIs are taxed on their income in India based on their residential status, which is determined by the number of days they spend in the country during a financial year. If an NRI stays in India for more than 182 days in a year, they will be considered a Resident of India for tax purposes and may be liable for tax on global income. However, most NRIs fall under the category of Non-Residents, which means they are liable to pay taxes only on income generated within India, including rental income and capital gains from the sale of property. 2. Income from Property: Taxation of Rental Income NRIs who earn rental income from their properties in India must comply with the tax regulations that apply to them. Rental income is considered 'Income from House Property' under the Income Tax Act, and NRIs are required to pay tax on it. Here’s how it works: a. Tax Rate on Rental Income Rental income received by an NRI is subject to tax at the applicable slab rates under the Income Tax Act. However, the rental income will be taxed after allowing deductions for property-related expenses, such as repairs and maintenance, municipal taxes paid, and a standard deduction of 30% for repairs and maintenance. b. Tax Deduction at Source (TDS) The person paying the rent to the NRI must deduct tax at source (TDS) before making the payment. The TDS rate on rental income for an NRI is generally 30% (excluding cess) on the gross rental income. If the NRI is a resident of a country with which India has a Double Taxation Avoidance Agreement (DTAA), they may be eligible for a reduced TDS rate under the provisions of the DTAA. c. Filing of Income Tax Returns Despite the TDS deduction, NRIs must file an annual income tax return in India to report the rental income and claim any excess tax paid. They are also required to file a return if their total income exceeds the basic exemption limit. 3. Capital Gains Tax on Sale of Property One of the significant concerns for NRIs investing in Indian real estate is the taxation on capital gains arising from the sale of property. The tax treatment depends on how long the property is held. a. Short-Term Capital Gains (STCG) If the property is sold within two years of acquisition, the gains are considered short- term capital gains. STCG is taxed at a flat rate of 30%, plus applicable cess and surcharges, without any indexation benefit. b. Long-Term Capital Gains (LTCG) If the property is held for more than two years, the gains are classified as long-term capital gains. LTCG on the sale of immovable property is subject to tax at 20%, with indexation benefits. This means the cost of acquisition of the property is adjusted for inflation, thereby reducing the capital gains and consequently the tax liability. 4. Taxation on Sale of Agricultural Land The sale of agricultural land in India by NRIs is subject to specific tax provisions. Agricultural land, depending on its location, may not attract capital gains tax in the case of rural areas (under certain conditions). However, if the land is located in urban or semi-urban areas, the sale of such land will be subject to capital gains tax. 5. Withholding Tax and Repatriation For NRIs selling property in India, the buyer is responsible for deducting the applicable TDS at the time of the sale. The NRI seller can repatriate the sale proceeds after paying the required taxes and filing the necessary paperwork with the Reserve Bank of India (RBI). NRIs are also allowed to repatriate up to USD 1 million per financial year (under the Liberalized Remittance Scheme or LRS) from the sale of property, provided they have paid taxes on the capital gains and have completed the required formalities. 6. Double Taxation Avoidance Agreement (DTAA) India has signed DTAA treaties with several countries, which can provide NRIs with relief from being taxed twice on the same income – once in India and again in the country of residence. NRIs can use the provisions of these treaties to reduce their TDS rates on rental income, capital gains, and other incomes generated in India. It is crucial for NRIs to understand the terms of the DTAA between India and their country of residence to benefit from reduced tax rates. 7. Recent Developments and Proposals The Indian government has been working towards simplifying the tax regime for NRIs, especially with regard to the taxation of income and capital gains. Proposals for allowing NRIs to invest more freely in Indian real estate without facing excessive tax burdens have been part of the ongoing discussions. Additionally, the Indian government has been tightening regulations around the repatriation of funds and ensuring that tax compliance is strictly followed. 8. Conclusion The tax implications for NRIs investing in Indian real estate are multifaceted, and keeping track of the latest rules is essential for optimizing tax liabilities. NRIs must be aware of the tax rates on rental income, capital gains, and the various exemptions available under the Income Tax Act. The TDS system ensures that taxes are deducted at the source, but NRIs must file income tax returns to claim refunds or exemptions. By understanding the tax implications and leveraging provisions like DTAA and capital gains exemptions, NRIs can make informed decisions about their real estate investments in India. INDIA

Diverse Types of Construction Method That Used in India

11/1/2024 12:10:00 PM

Its general term meaning the art science of forming objects, system or organizations or the work of making something , especially buildings ,bridges etc. Construction is a diverse industry encompassing a wide range of projects. The construction industry in India consists of the real estate as well as the urban development segment. The real estate segment covers residential, office, retail, hotels and leisure park among others. Today construction industry is a significant part of industrial culture, a manifestation of its diversity and complexity and a measure of its mastery of natural forces, which can produce a widely varied built environment to serve the diverse needs of society. Constructions that used in India :- 1. Reinforced Cement Concrete (RCC) RCC, Commonly Known as Reinforced cement concrete, is a versatile and widely used construction material that combines the strength of concrete with the flexibility and tensile of steel reinforcement. It has revolutionized the way we built structures, offering a reliable and durable solution for wide range of applications. Reinforced Cement Concrete (RCC) is a composite material made of concrete and reinforcing steel bars, meshes, or fibers. Concrete provides high compressive strength, while steel reinforcement enhances tensile strength, making RCC suitable for structural applications. The combination of these materials helps resist bending, shear, and torsion, which plain concrete alone cannot withstand effectively. RCC is widely used in building foundations, beams, slabs, and columns due to its durability, strength, and versatility. The reinforcing steel is embedded within the concrete, ensuring they act together as a single unit to bear loads, resulting in a durable and robust construction material. 2. Prefabricated Construction Prefabricated construction is a building method where components are manufactured off-site, typically in a factory, and then transported to the construction site for assembly. This approach allows for faster construction, as work on-site can proceed simultaneously with off-site fabrication. Prefabrication also improves quality control, as components are built in controlled environments with standardized processes. Common examples include modular buildings, where entire sections like rooms or walls are pre-made, and then joined together on-site. This method reduces waste, lowers labor costs, and is widely used for residential, commercial, and industrial buildings due to its efficiency and sustainability. 3. Steel Frame Construction Steel frame construction is a building method that uses a network of steel columns and beams to create a sturdy, skeletal framework. This approach supports floors, roofs, and walls, making it highly adaptable for large, open spaces. Steel’s high strength-to-weight ratio allows for taller buildings and complex designs with minimal material use. Additionally, steel is fire-resistant, durable, and recyclable, adding sustainability benefits. Steel frame construction is popular in high-rise buildings, warehouses, and industrial facilities due to its speed, strength, and versatility. Its precision and prefabrication options also reduce construction time and labor costs, enhancing project efficiency. 4. Fly Ash Brick Technology Fly ash brick technology uses fly ash, a byproduct from coal combustion in power plants, to create eco-friendly bricks. Mixed with cement, lime, and gypsum, fly ash forms strong, lightweight bricks that are more durable and energy-efficient than traditional clay bricks. This method helps reduce industrial waste, minimizes the use of natural resources like soil, and lowers carbon emissions. Fly ash bricks are known for their thermal insulation, uniformity, and reduced water absorption. Widely promoted for sustainable construction, these bricks not only support environmental conservation but also contribute to cost-effective building solutions. 5. Mivan Construction Mivan construction is a method of rapid building that uses aluminum formwork to cast entire building structures in one go, including walls, floors, and slabs. Developed by a Malaysian company, Mivan, this technology has become popular for high-rise buildings and large-scale housing projects, especially where speed and uniformity are crucial. In this method, prefabricated aluminum forms are assembled on-site and then filled with concrete, creating a monolithic structure that is strong, durable, and resistant to external elements. This technique enables faster construction cycles because the aluminum forms can be reused multiple times, significantly reducing labor and time compared to traditional methods. The forms are lightweight, easy to handle, and allow precise finishes without extensive plastering. Furthermore, Mivan construction is cost-effective in large projects, as it minimizes the need for skilled labor and produces less waste. Mivan technology also ensures uniform quality and provides earthquake-resistant structures due to the monolithic nature of the construction. It’s commonly used in residential and commercial high-rise projects in densely populated cities where quick housing solutions are essential. However, it may have limitations in flexibility for architectural modifications once the structure is cast. INDIA

Different Kinds of Flooring : Choose from Numerous Varieties

10/31/2024 2:23:00 PM

In the world of real estate, the type of flooring can significantly impact a property's aesthetics, functionality, and value. Whether you're building a new home, renovating an old one, or choosing flooring for a commercial space, selecting the right material is essential for both appearance and durability. Different types of flooring offer unique characteristics, from luxurious hardwood to practical vinyl. This guide explores the most common types of flooring, their benefits, drawbacks, and ideal applications. 1. Hardwood Flooring Hardwood flooring is one of the most popular and timeless choices for both residential and commercial properties. Made from natural wood, such as oak, maple, or walnut, hardwood flooring adds warmth and sophistication to any space. These are best known for Living rooms, dining rooms, bedrooms, and hallways in residential homes. 2. Laminate Flooring Laminate flooring is a synthetic material made to imitate wood, stone, or tile. It consists of several layers, including a printed design layer and a wear-resistant surface. Laminate offers an affordable alternative to hardwood without sacrificing style. These are best known for High-traffic areas such as living rooms, kitchens, and hallways. 3. Tile Flooring Tile is one of the most versatile and durable flooring options available. It can be made from materials like ceramic, porcelain, or natural stone (e.g., marble, slate, and granite). Tiles are available in a wide variety of sizes, shapes, and designs. These are best known for Kitchens, bathrooms, entryways, and laundry rooms. 4. Vinyl Flooring Vinyl flooring is a synthetic material that is highly durable and water-resistant. It comes in two main forms: sheet vinyl and vinyl tiles or planks. Vinyl can mimic the appearance of wood, stone, or tile at a fraction of the cost. These are best known for Bathrooms, kitchens, basements, and rental properties. 5. Carpet Flooring Carpet is a soft and cushioned flooring option made from textile fibers like wool, nylon, and polyester. It’s available in various textures, from plush to shag, and comes in numerous colors and patterns. These are best known for Bedrooms, living rooms, and offices. 6. Concrete Flooring Concrete floors have become increasingly popular in modern design, particularly for industrial-style homes and commercial spaces. They can be left in their natural form or finished with staining, polishing, or stamping to achieve a custom look. These are best known for Industrial-style homes, basements, garages, and commercial properties. Conclusion The choice of flooring in a real estate property is a key decision that affects both the look and functionality of a space. Each type of flooring has its unique set of benefits and drawbacks, making it essential to consider factors such as budget, maintenance needs, and aesthetic preferences. From the luxury of hardwood to the practicality of vinyl and tile, there’s a flooring solution for every home and every need. Ultimately, choosing the right floor type can enhance the overall appeal and value of a property, ensuring it suits both the practical and design demands of its inhabitants. INDIA

Home Loan Interest Impact on real estate

10/25/2024 3:24:00 PM

Home loans are often the primary means for individuals to purchase property, and as such, interest rates play a critical role in shaping real estate markets. The cost of borrowing, which is directly linked to interest rates, influences both buyers and sellers in the housing market. This article delves into how changes in home loan interest rates impact real estate trends, prices, affordability, and market dynamics. 1. The Link Between Interest Rates and Real Estate Prices At the heart of the relationship between interest rates and real estate is affordability. When central banks raise interest rates to control inflation or stabilize the economy, mortgage rates follow suit, increasing the cost of home loans. As borrowing becomes more expensive, potential buyers face higher monthly payments. For the same loan amount, a higher interest rate reduces the purchasing power of homebuyers, causing a dip in demand. With fewer buyers able to afford homes at higher rates, sellers may have to adjust prices to remain competitive. As demand wanes, real estate prices often stabilize or even decrease, especially in markets that are heavily dependent on financing. In contrast, when interest rates are low, borrowing costs decrease, and homebuyers are more likely to take out loans. This increase in demand can drive property prices up, particularly in desirable locations. 2. Affordability and Buyer Behavior Affordability is one of the most direct ways that interest rates impact the real estate market. When interest rates rise, buyers are faced with higher mortgage payments for the same loan amount, meaning they can afford less expensive homes. This often leads to a shift in buyer behavior: First-time buyers may be priced out of the market, leading to a decline in new entrants. Move-up buyers, or those looking to upgrade their homes, may opt for smaller homes or delay their purchase. Investors may become more selective, focusing on properties that offer better rental yields to offset the higher cost of financing. In periods of rising rates, many buyers choose to stay in their current homes longer, reducing overall transaction volume in the market. Conversely, lower rates encourage more home purchases, which can lead to bidding wars, higher property values, and a more active market. 3. The Effect on Sellers and Market Inventory When interest rates rise, sellers face a dual challenge. On one hand, fewer buyers can afford to purchase homes at higher prices, which can result in longer time on the market. On the other hand, current homeowners with low-interest mortgages may be reluctant to sell and move, especially if they have a significant interest rate advantage. This often leads to a reduction in housing inventory, exacerbating supply shortages and further inflating prices in certain markets. Sellers, particularly in a high-rate environment, may need to adjust their expectations. Those who are eager to sell might need to lower their asking prices or offer concessions (e.g., covering closing costs) to make their homes more attractive to buyers. However, in markets where inventory is already tight, sellers may still find buyers, albeit at a slower pace. 4. Real Estate Investment and Rental Markets Real estate investors are significantly affected by interest rate changes. Higher mortgage rates can dampen the profitability of investment properties, as the cost of financing increases. When interest rates are high, investors may be less likely to purchase properties that do not offer high rental yields. Conversely, when rates are low, more investors are willing to leverage cheap financing to expand their portfolios. The rental market is another area impacted by rising interest rates. As fewer people can afford to buy homes, the demand for rental properties increases, leading to higher rents. This can benefit landlords, but may strain renters, particularly in high-demand areas. Additionally, the growing demand for rental properties can push prices higher, especially in cities where housing inventory is already limited. 5. Economic Factors and Consumer Sentiment The broader economic context also influences how home loan interest rates impact the real estate market. When rates rise due to inflationary pressures or efforts to curb an overheating economy, it signals potential economic instability. This can create a sense of caution among homebuyers and investors alike. The fear of further rate hikes or a potential recession can lead to reduced consumer confidence, lowering demand for both new homes and investment properties. On the flip side, when rates are low, it often signals economic expansion or efforts to stimulate growth, which can bolster consumer confidence and spur real estate activity. A growing economy typically correlates with rising incomes, increased job stability, and higher demand for both homeownership and rental properties. 6. Regional Variations and the Global Context The effect of interest rates on real estate is not uniform across all regions. Local economic conditions, housing supply, and demand dynamics play an important role in determining how sensitive a particular market is to interest rate changes. For instance, in urban areas with high demand and limited supply, prices may remain relatively stable even when interest rates rise, due to ongoing pressure from demand. Internationally, global interest rate trends, particularly in large economies like the U.S. or the European Union, can have an impact on real estate markets in other countries. A rising interest rate environment in the U.S., for example, might lead to capital outflows from emerging markets or a stronger dollar, which can make foreign investment in real estate less attractive or more expensive. INDIA

How to Find Your Dream Home in Chandigarh: Essential Tips and Advice

8/21/2024 12:34:00 PM

Chandigarh, known for its beautiful architecture and greenery, is a prime location for finding your dream home. Whether you’re a first-time homebuyer or looking to upgrade, finding the right property in Chandigarh can be a rewarding experience if you know what to look for. In this blog, we cover everything from setting your budget and choosing the right location to understanding market trends and checking legal documentation. With these essential tips and advice, you can confidently navigate the home-buying process and find a property that meets your needs. 1. Understand Your Budget: The first step in buying a home is knowing how much you can afford. Chandigarh offers a range of properties, from affordable apartments to luxurious villas. Start by setting a clear budget that includes not just the price of the home but also additional costs like registration fees, maintenance, and potential renovations. This will help you narrow down your options and focus on properties within your range. 2. Choose the Right Location: Location is key when buying a home. Chandigarh offers diverse neighborhoods, each with its own unique charm. Whether you prefer a lively area close to amenities or a peaceful, residential setting, it’s important to choose a location that suits your lifestyle. Consider proximity to schools, hospitals, shopping centers, and your workplace. A well-located home not only makes daily life convenient but also adds to the property's value over time. 3. Check the Property’s Condition: Before making any decisions, thoroughly inspect the property. Check for any structural issues, water leaks, or outdated electrical wiring. If you’re not experienced in this, hiring a professional home inspector can be a wise investment. A well-maintained home will save you from unexpected repair costs in the future. 4. Consider Future Developments: Chandigarh is continuously growing, with new developments and infrastructure projects underway. Look into future plans for the area where you’re considering buying. Upcoming metro lines, shopping complexes, or parks can increase the value of your property in the long run. However, be cautious of potential construction nearby that might cause noise or inconvenience. 5. Understand Market Trends: The real estate market in Chandigarh is dynamic, with prices fluctuating based on demand and supply. Keep an eye on current market trends to ensure you’re making a sound investment. It’s often helpful to work with a local real estate agent who understands the market and can guide you on when and where to buy. 6. Check Legal Documentation: Before finalizing your purchase, ensure all legal documents are in order. Verify the property’s title, check for any outstanding loans or disputes, and ensure all necessary approvals have been obtained. This step is crucial to avoid any legal issues down the road. 7. Negotiate Wisely: Once you’ve found a property you love, don’t hesitate to negotiate the price. Sellers often list properties at a higher price, expecting negotiations. Be prepared to make a reasonable offer based on the property’s condition, market trends, and your budget. 8. Plan for the Long Term: Finally, think about your long-term goals. Are you planning to live in this home for many years, or is it an investment property? Understanding your long-term plans will help you make a decision that benefits you in the future. With these essential tips and advice, you can confidently navigate the home-buying process and find a property that meets your needs. Happy house hunting! India

Renew Your Home with Affordable Modular Switches

8/13/2024 4:22:00 PM

A Switch is an electrical device that is used to interrupt the flow of electricity or in simple terms turn on or turn off any electronic appliance like :- fans, lights, television, computer, washing machine etc. As we all use switches to control various electronic devices in our homes and workplaces in day-to-day life. There are various types of electric switches available in the market , each designed for specific purposes and settings. We explore the some different types of switches that are convenient for our homes. Here some types of switches :- 1. Regular Switch 2. Rotatable Dimmer Switch 3. Fan Speed Controller 4. One Way Switch 5. Two Way Switch 6. Card Switch 7. Sensor/Smart Switch 8. Pin Socket with Switch 1. Regular Switch The Regular Switch is most common types in every home .It consist simple mechanism that allows users to turn the lights or application on and off with a simple flip. These are also known as single pole switch. Types of switches are typically found on the wall of each room and easy to Operate. 2. Rotatable Dimmer Switch A rotatable dimmer switch is electric switch that control the brightness of light. By rotating the switch, the user can adjust the intensity of the light according to their preference. This electric lights switch is commonly used in living rooms, bedrooms and dinning areas, where varying levels of lighting are desired. 3. Fan Speed Controller A fan speed controller is a type of switch is designed to regulate the speed of celling or table fans. This switch allows users to adjust the fan speed according to their need of air circulation and comfort level. It particularly used during hot summer months when different fan speeds are required. 4. Card Switch A card switch is a unique type of switch that is commonly found in hotels and apartment complexes. It requires a card or key to activate the switch , allowing users to control the electricity supply to their room or apartment . This type of switch helps conserve energy by automatically cutting off power when the card or key is removed. 5. One Way Switch One way switch also known as a single pole, single throw switch, is used to control a single light appliance from one location. This type of light switch is commonly used in highways , staircases and rooms with only one entry point with a one way electric light switch, the circuit is either open (off) or closed (on). 6. Two Way Switch A two way switch is also known as double pole switches, is used to control a single light of appliance from two different locations. This type of electric switch is commonly used in rooms with multiple entry points, such as living room and bedrooms with a two way switch the circuit can be opened or closed from either location. 7. Sensor / Smart Switch Sensor smart switch is the simplest way to save energy. Sensor or smart switches are advanced switches that can detect motion or sound and automatically turn on or off accordingly. These switches are commonly used in outdoor lighting, bathrooms, and hallways, were hands free operation is desired. Sensor switches help to save energy by ensuring that lights are only activated when needed. 8. Pin Socket with Switch A pin socket with a switch is a combination of power outlet and a switch. It allows users to control the power supply to the connected appliances or devices directly from the socket. This type of switch is commonly used for appliances that do not have an in-built switch, such as table lamps, chargers and small electronic devices. INDIA

Understanding Gen Z: How the Youngest Generation is Shaping the Future of Real Estate

8/12/2024 3:12:00 PM

Generation Z, born between 1997 and 2012, is the first generation to grow up completely immersed in digital technology. This tech-savvy group has always known a world with smartphones, social media, and instant connectivity. Characterized by their strong social consciousness and demand for authenticity, Gen Z’s lifestyle and values greatly impact various sectors, including real estate. Importance of Understanding Gen Z in Real Estate: As Gen Z becomes a significant consumer base, understanding their unique preferences and behaviors is crucial for real estate professionals. Adapting strategies to align with Gen Z’s technology use, sustainability concerns, and desire for personalized experiences can enhance engagement and appeal in the competitive real estate market. By recognizing and addressing Gen Z’s expectations, companies can better meet their needs and improve their real estate offerings. 1. Digital Natives and Technology Integration: Virtual Tours and 3D Walkthroughs: Gen Z values convenience and digital experiences. Virtual tours and 3D walkthroughs allow them to explore properties without physical visits, making the property search process more efficient and engaging. Interactive Content: Engaging content such as quizzes and virtual reality experiences can capture Gen Z’s attention and provide a personalized property search experience. 2. Focus on Sustainability and Eco-Friendliness: Green Living Preferences: Gen Z is highly conscious of environmental issues and prefers properties with eco-friendly features like energy-efficient appliances, green building certifications, and renewable energy sources. Sustainable Features to Highlight: Real estate professionals should emphasize properties with green certifications and sustainable practices to attract environmentally- minded buyers. 3. Demand for Personalization and Customization: Personalized Property Recommendations: Utilizing data analytics to offer personalized property recommendations can effectively cater to Gen Z’s desire for tailored experiences. Customizable Living Spaces: Offering customization options, such as modular designs and personalized interiors, appeals to Gen Z’s preference for spaces that reflect their individual tastes. 4. Engagement through Social Media: Social Media Influence: Gen Z extensively uses social media platforms like Instagram, TikTok, and YouTube for information gathering. Real estate professionals should leverage social media marketing to enhance visibility and engagement. Effective Social Media Strategies: Collaborating with influencers and creating engaging content can boost brand awareness and attract Gen Z clients. 5. Affordable and Flexible Housing Solutions: Flexible Financing: Innovative financing solutions, such as rent-to-own and flexible mortgage plans, cater to Gen Z’s financial needs and make homeownership more accessible. Co-Living and Rental Options: Cost-effective living arrangements like co-living spaces and flexible rentals appeal to Gen Z’s budget-conscious nature. 6. Urban and Mixed-Use Developments: Preferences for Urban Living: Gen Z favors urban locations with easy access to amenities and community spaces. Benefits of Mixed-Use Developments: Mixed-use properties that offer communal areas and recreational facilities align with Gen Z’s lifestyle and community engagement preferences. 7. The Importance of User-Generated Content and Reviews: Influence of Peer Reviews: Positive reviews and user-generated content play a significant role in Gen Z’s real estate decisions. Encouraging and Showcasing Reviews: Highlighting client testimonials and encouraging reviews can enhance credibility and attract Gen Z clients. Conclusion: Understanding Gen Z’s unique preferences and habits is essential for real estate professionals. By embracing their technology-driven lifestyle, sustainability concerns, and desire for personalized experiences, companies can effectively tailor their marketing and sales strategies. Meeting Gen Z’s expectations will provide a competitive edge and help attract this dynamic generation. Implementing these trends today will prepare your real estate offerings for the future. India

Choosing the Best Geyser for Winter: Instant, Storage, Gas, Solar, and Immersion Rods Explained

8/6/2024 9:00:00 AM

Geyser is an electric heating appliance that is used to heat up water is known as electric water heater. The electric water heater brings cold water through the dip tube and heats this water using the heat produced by an electric heating element and the heated water taken out through outlet pipes. Now that winter has arrived , we need geyser not only in bathrooms but also in kitchen as winter sets in every family. Therefore it can be very difficult to find the correct geyser with so many variation available. Here's all you need to know types of geyser before deciding on the best geyser for your home. Here some type of geysers:- 1. Instant / Electric / Tankless Geyser 2. Storage Geyser 3. Gas Geyser 4. Solar Geyser 5. Immersion Rods Let's check each of these types of water heaters in detail. 1. Instant / Electric / Tankless Geyser :- Electric geyser heat water instantly for immediate use. They are suitable for tiny bathroom and kitchens due to their compact design that takes up less room. Hot water is always available with these powerful appliances. When a sensor inside a heater's pipes detects the water flow , the geyser begins to operate. The heating element is subsequently ignited, creating hot water. The average capacity of an instant geyser is up to liters geysers have a longer lifespan because there are no water storage tank inside. 2. Storage Geyser :- Storage Geyser have higher capacity and are ideal for starting hot water. It can hold 1 to 100 liters of water. These have an integrated insulated water tank, unlike electric geyser , which take up more all wall space and are ideal for large bathrooms. A pressure value is mounted on an insulated tank that serve as the storage geyser. When it reaches high temperature this value assists in lowering the temperature and pressure large volumes of water are stored in this geyser so that bathers won't have reheat the water in the middle of their soak. It costs less than instant water heaters. 3. Gas Geyser Gas geysers automatically adjusts to water flow to maintain a constant temperature through multiple outlets at the same time. These geysers are very energy-efficient and run on LPG and propane supplied by gas pipelines or cylinder. They are appropriate for residential or commercial settings. Gas water heaters are more expensive than electric water heaters at the time of purchase but they are also lighter, more cost-effective and heat water more quickly while using less energy. 4. Solar Geyser Solar water heater is the most completive alternative to conventional water heating methods such as electric geyser and fuel-fed boilers. These geysers absorbing heat from solar panels put on roofs , solar geysers are environmentally safe. Only during the summer and if your home has an outdoor area or terrace do they save money , encourage sustainability , and are practical. A solar thermal collector transforms solar energy into heat, which is then transmitted to the water tank and used to warm the water. Solar geyser makes an attractive and sustainable option with its pollution free nature and zero operational cost. Solar water heaters run on a free fuel , thus saving on energy costs that help recover it's initial cost in just 2-4 years. 5. Immersion Rods :- Immersion water heating rods is an appliance simply used to heat water. The two predominant kinds are direct and indirect. The obvious difference being that the direct one is placed in contact with the water , while the indirect one utilizes radiation or convection to heat the water without being in contact with it. Once plugged into the power source, the heating coil starts to warm up, transferring the heat to the water. The heating element of rod convert the electrical energy into heat and pass it on the water. This ensures steaming hot water, ready for any purpose. Rods was very efficient and quick hot water supply with minimum use of electricity is one of the best way to save money and time. These rods can be conveniently stored in cupboards or other spaces due to their small size or easily carry while you go for travel. INDIA

8 Types of Air Conditioners: Find the Perfect Cooling Solution for Your Home

7/25/2024 12:40:00 PM

An air conditioner is a system that is used to cool down a space by removing heat from the space and moving it to some outside area. The cool air can then be moved throughout a building through ventilation. Air conditioners are found to be amongst the most common electrical appliances in homes. In Chandigarh Almost 77.9% of homes have air conditioners installed of one type or another. Based on the statistics gathered by the Chandigarh National Family Health Survey (NFHS). Like many types of appliances, air conditioner is often split into many groups. Which described by appropriate to different users for instance domestic , commercial ,office and industrial. The air conditioning unit is an integral part of any home and takes up a major chunk out of you must have home appliance budget. Making the right choice is crucial as your home's cooling , comfort & energy consumption are directly depend on it. There are different types of air conditioner each have their own pros and cons. There are eight main types of air conditioning equipment out there in the market. Each type of air conditioner is designed for a certain space & fulfills a certain purpose. The different AC types are as follows: 1. Central Air Conditioner You have a huge home and wish to cool many rooms at once then this type of air conditioning is best appropriate for you. A central air conditioning unit uses a split system that regulates air through duct installed in your home. It is known as ducted system. This system is combination of two units. The outdoor unit pack in the condenser and the compressor. While the indoor unit comprises the evaporator coils & air handler. Like any typical air conditioner, central air conditioning also uses refrigerant to remove heat from the indoor air. This heat is pulled outdoor & cool air pushed in through the ducts. Utilizing modern HVAC technology, smart thermostats can be coupled with central air conditioners for a smart home experience. 2. Ductless Air Conditioner Ductless cooling & heating system work without any ductwork being involved. These systems consist of two sperate units: an outdoor compressor and an indoor evaporator. The indoor unit is responsible for introducing cool and conditioned air into the living space , while the outdoor unit ejects the absorbed heat outside. Both these units are connected through a small hole in the wall. Ductless air conditioner are much cheaper to operate as compared to ducted air conditioners. This is best budget – friendly option for you. Also ductless cooling and heating can very easily be made smart AC controllers. This provide you with air conditioning controls Froms the convenience of your smartphones making your air conditioner Wi-Fi compatible. Ductless air conditioner are best suited for room additions and small apartment. 3. Window Air Conditioner Window air conditioner (ACs) have been a must in household and office stockpiles of instruments to keep rooms cool during the summer. These small size ACs are effective tools for air conditioning in lower area of temperature. They are just require a simple installation. The low-cost window AC's have maintain their favorability occasionally with homeowners, tenants and enterprises. These AC's are made in standard sizes so they can be easily fitted into the windows. They can be installed directly inside the same window frame have a great heating and cooling systems. They are just a perfect fit for apartments , single rooms , cabins and small offices. Window AC's have advanced features like energy-efficient compressors , and multiple fan speeds. Some may feature sleep modes , air filtering and environmentally friendly refrigerants to provide clean and green air circulation. 4. Portable air conditioner Portable air conditioner (ACs) are an increasing popular solution for those seeking a flexible and efficient way to cool specific areas within their homes or offices. Unlike traditional air conditioning system , portable ACs can be easily moved from one room to another. These unit are designed to provide immediate and effective cooling , and they often come with features like dehumidification , air purification and even heating. Portable ACs are available in different sizes and capacities , catering to different room sizes and cooling needs . They are also an energy-efficient alternative to central air conditioning system , potentially lowering the electricity bills. 5. Floor Mounted Air Conditioner System Floor mounted air conditioner system use two separate units to control the temperature of the air within a room. The indoor unit draws in the warm air and pushes it through piping to the condenser unit. The condenser unit is installed in an outer wall and uses refrigerant to cool the air. Warm air and moisture than pass outside , and the cooled air is sent back to the main unit and pushed back out into the room. Floor mounted air conditioner units are powerful , efficient and provide several advantage over there types of air conditioning system. A floor mounted console is often used limited wall space. This air conditioners are much more affordable than other cooling systems on the market. It is low profile design of floor mounted air conditioners. These unit are small , thin and easy to clean around. 6. Smart Air Conditioner Just like a traditional air conditioner, a smart air conditioner goes in your window and cools your room or house. However , a smart air conditioner is also connected to the cloud , which means you can control from it to your other smart home devices , so you can control it with alexa and google assistant , or program it so that it turn on your lights or lower your window shades. You can also set it to change temperature if you're leaving or arriving back home , so it's not cooling your house while you're away. This divide into two sections : smart window air conditioners – which are Wi-Fi connected – and smart air conditioner controller. The latter are small devices that can turn older air conditioners into smart ACs , so you can monitored control them remotely. This can be more economical than purchasing a brand new air conditioner. 7. Geothermal Air Conditioning Geothermal heating & cooling is considered a relatively new method , it works by utilizing the insulating properties of the earth. Since the temperatures under 4 to 6 feet of land remain consistent all year regardless of the weather , geothermal technology takes advantage of this to heat & cool your home more efficiently. This system has pipping that consists of a loop that circulates water between your home , a heat pump & the ground. They require intensive work to set up underground. 8. Hybrid/Dual Fuel Air Conditioner A dual fuel system is a hybrid system made-up of both an electric heat pump and gas furnace. The system operates based on the types of comfort control for dual fuel to help maximize efficiency and effectively heat and cool your home all year along. Dual fuel systems are best for places that experience all four seasons and varying temperatures. If you live in a place that’s cold the majority of the time, a furnace can help provide heat, and a lot of it, at a rapid pace. For those who live in hotter or more mild climates, heat pumps make the most sense because they function best in warm to hot temperatures. Dual fuel systems are for people who experience both ends of the temperature spectrum. A furnace only heats, so if you live through changing climates, you’ll need to invest in another HVAC system to meet your needs. While heat pumps both heat and cool, they have to work overtime at extremely low temperatures, which isn’t always the most cost or energy- effective solution. Dual fuel systems take the best qualities of both systems to tackle whatever climate you may wake up to. So it's completely depends upon your Home, location Weather Conditions over the year, life style and on other preferred requirements that which one air conditioner suits you most economically. 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

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

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

Sophia Emotions, Technology and Japan virtual tour over less time frame

6/6/2021 4:26:00 PM

“Two minutes noodles” can understand better, how time is precious. As human is being busy, things have been transformed accordingly. Since sunrise to moon arrival, we try to make things easy so that time could be contained. We are not alone in life long drive, but we help each other to reach our destination. It is observed, the human being is curious since his birth and wants to know each and everything that is happening around. To save time, the news channels have started news hundred countdown, where you at least could grab entire news under “ho jao intelligent minto mai” idea. Subsequently, it also helps to sharp your rhyming couplet skill. “ho Jao intelligent minto mai” is one of among inspired rhyming couplet skill. Unlike news headlines, we got to know about our kid's adventures with explanation by our neighbors, as detail news after headlines, I agree with neighbors, some things should be presented in a terrible sprinkling manner. Neighbors are very good source of surveillance for kids as well as your entire family by their right “pair of binoculars”, their services are lifetime and absolute free. Even, without giving instructions, they look forward to provide their services. Apart from neighbors, whatsapp status, facebook and instagram post will let you know about their adventures. And in extreme cases hidden cameras will unfold their apocryphal tales made by them. There was a time where wives were spying on their beloved spouse by making frequent calls. Eavesdropping was also a trustworthy tool for them. It is sheer truth, Problems are the only source of Invention. Now vidio call helps your "Better Half" to be stressed out. But technology doing its work in an unbiased manner, and I hope a virtual reality and augmented reality will do justice equally. It is a very common thing in every element of technology, you can catch up on your target by sitting on well padded couch. In the previous year, some countries banned vedio calls over security reasons, however, later, govt had to permit VoIP apps with guidelines to be used. As a “ho jao intelligent minto mai” volunteer, instead of nicotine beverages, I believe to stir “Vita” powder in whole milk so that entire day I can do intelligent activities. Calling, pop out messages for clients, vedio calls and conferencing are among which we have to do frequently. And in Pandemic lockdown these digital tools proved that importance. Every person is always connected with their dreams emotionally. Where Sites visits for “ Dream Home” was done physically, it is done virtually now, It shows business intelligence. Although the final site visit has to be done by own over emotional perspective. Personally, I believe, all tasks should not be done digitally, for instance, home warming party is done by “Artificial Intelligence”. While written artificial intelligence, I remembered “Sophia” a social humanoid robot developed by Hong Kong-based company Hanson Robotics. Sophia was first turned on on February 14, 2016, and made her first public appearance at the South by Southwest Festival in mid-March 2016 in Austin, Texas, United States. Sophia is powered to display more than 50 facial expressions. Joy, grief, curiosity, confusion, contemplation, sorrow, frustration, among other feelings. The kind humanoid robot visited India for the first time in December 2017. She graced the stage at IIT- Bombay for about 20 minutes where it spoke about the growing intolerance in the world and advised the human race to be "kind" to fellow creatures. It is highly appreciable “Humanoid Robot” has emotions and her advise let me force to think we should express our emotions too with huge intelligence. As we Indians often give a sign of emotions once in a while. India is a culture enriched country. As a sign of respect, we reach down to touch the elder’s feet. “Namaste” is also the Indian form of greeting, to greet someone with a namaste, bring your hands together with palms touching in front of your chest gracefully. On the festival side, we ignite ghee lamp on “DIWALI” with gratitude and try to distribute self-made sweets instead of well-packed chocolates. However, to save our time, we cook “Two-minute noodles”, boiled or scrambled eggs, but in festivals, we believe to cook food by spending many hours to display mouth-watering traditional colorful culinary. In the technology era we love to click photos before eat and promptly post in various digital platforms to lure likes. And with in seconds inundated thumps up are on posted clicks. In some cases we call many to like post and sometimes we show anger to not give thumps up into post, vedio calls are often made too. During my “Virtual Japan Tour”, I preferred “Green Tea” not as a substitute for “Vita milk”. But, in order to feel a foreign tour in “Actual”. Green tea is undoubtedly the most popular tea in Japan. In my close inspection, I found, Japanese are quite shy and conservative as sort of Indians. Japanese greet each other by bowing. A deeper and longer bow indicates respect and while handshake, they practice to avoid eye contact as it is considered rude. It is good to exchange gifts with each other with both hands showing respect. One should be refuse a gift up to three times before finally accepting. On tour, meanwhile, some “Pop-Ups” made me laugh. I had to make sure, I tried to cover my mouth while laughing, as In Japan, covering mouth while laughing means not showing your exact reactions. Moreover, it helps to keep your emotions subtle and shy. This is also considered graceful for ladies in Japan. I will have to make sure, during my next virtual tour, I need to sit on an acupressure active chair instead of a well padded couch for not forgetting, I am not to “Actual” but to “Virtual tour". INDIA

In Pandemic “Yeh Public Hai Yeh Sab Janti Hai”

4/28/2021 2:07:00 PM

Oxygen, Proper Hydration means Water, Healthy lifestyle & healthy food are trending aggressively these days. As a literate generation, we accumulated enough knowledge about body and soul before Pandemic but realize this profoundly now. 24x7 rushing for work,compromising with health, eat Junk food to save seconds to compete daily stuff and much more but why not Since childhood we are poured with competition from head to toe. From neighbours to relatives, we are compared with each other, so Ladies and Gentlemen don’t worry, it's not our fault I think we will have to start R & D to determine what is the root cause. Anyhow, let us not divert attention and just focus on immunity and health-related things. Newspapers, Radio, Tv Channels, and even almost every advertisement are talking about simple things immunity, proper hydration, exercise, good food, and of course vaccination is being seen as hope. It is seen nobody is talking about money in corona days to some extent. Politicians, Actors, Famous personalities, and the common man are being treated unbiasedly by monster corona and meanwhile, backbenchers and average school and college students are happy about the comeback of covid-19 although they don’t believe to express their happiness, viral messages, memes, and trending videos are not hidden from mobile users and social sites subscribers. On the other hand, the labour class, low-income group, small business, and even big ones are hit by the second wave it is like between the devil and the deep sea like circumstances in the pandemic. It is said, worse condition can be tackled only with attitude, means it is your attitude that can change the things positively. In Corona, the economy is jolted by the second wave where some are in between the devil and the deep sea like situation, some big personalities are busy in Twitter handle to only for emotional Tweets, begging with a loud voice, no donations and with Big Public Relation Team, somewhere, volunteers for their upcoming project promotions by giving stuff till their project profits. Another one working like helping hands in a worse situation. Free food Services, Free oxygen for needy and poor, Free Ambulance Services, oxygen langar, Services for covid victim’s body to Crematorium, Doctors, frontline Workers, army, Police, and many untold Anti Covid Heros are balancing the worse situation silently, they don’t have Public Relation services who will handle their brand value or name. One more thing is noticed “They are Silent, but Their Work is Loud”. In this condition “Yeh Jo Public Hai Yeah Sab Janti Hai” is fitted perfectly. In this time, we should help each other honestly, if we cannot, at least we can take care of ourselves from covid-19 so that others can be facilitated with medical services and other things which we would have if we were infected. Chandigarh

Govt Magic Wand on Health Sector, time to Make it Effective

2/9/2021 10:50:00 AM

Fill in the details, create a login, get registered and you are being contacted, or call is being initiated, perfect initiatives have been taken. In the Covid-19 pandemic phase, sluggish things have happened, but some new ideas are originated for perpetual. Covid-19 Pandemic jolted the world by proving how health facilities are vulnerable and must be sprawled and effective. Although everything which affects our economy should be improved health is the first which affects a lot, or we can say that each citizen’s health contributes towards economy. Before the pandemic, things had been going as it is for many years without required amendments, but corona stimulated the world to be changed for very required reasons. Such changes have happened in the health sector although many people are not aware of such health facilities. Online Registration System (ORS) and E Sanjeevani OPD are among various online medical services portals. E Sanjeevani OPD is National Teleconsultation Service of the Ministry of Health and Family Welfare is first of its kind online OPD service offered by a country government to its citizens. The platform is available to people in 27 states and union territories. It is a big push for the 'Digital India' initiative of Prime Minister Narendra Modi. As many, big hospitals have come forward by creating an online platform for patients. Registration number, OPD Appointments, doctor-patient meet through video calling, and medical reports are being served under the online portal. Through an online portal, minor issues can be solved by sitting at home. No more travel harassment for mild medical issues. The Effective online portal will help the hospital crowd off and the physical visits would be happening in required cases. Time, Money and travel expense can be saved. It will be beneficial for the hospital too as a less human resource can provide their best services comparatively. During Pandemic, Online wave was seen in health sector among other prominent sectors and it has proved by doing work under these online platforms, productivity can be increased but it cannot be denied, these Medical online portals are doing their work as per web programming but the people who are working under these web systems are not doing their work in the required effective way. It is seen that government initiatives work like a magic wand but being a country citizen and Prominent organizations, we should put at least propositional efforts to make things happening only after those things can work properly. By developing OPD online Portals, a sigh of relief has been seen during the Pandemic. From my little experience with portals, I realized, these portals could be proved a game-changer if it would work most effectively. As the portal is patient-friendly, easy to operate and well managed but services that should be provided is not available in a better manner. General OPD & Specialty OPD should be opened on a timely basis and every each Token should be consulted as per queue. It is seen doctors do not be the online timely and patient end it up with waiting, most patients are not updated about their turn. India's economy is strong in its own way and citizen’s efforts can bring it to the next level. Where the world is deteriorated by corona, India fought with corona like strong warriors and helping the world like God Sakat Mochan Hanuman by giving swadeshi free vaccination. Time to boost Govt efforts to make the health sector strong and effective. Chandigarh

Natural disaster, Pandemic and more, if you don't fear

12/22/2020 11:58:00 AM

Since our birth, we are taught about god, as we cannot see him, but at the same time, we can experience his love and affection by breathing oxygen, drinking water, eating food and living in a suitable environment. In Marketing gimmick world, nature gives it free different products worldwide. It is a very strange thing, what have been provided by nature are the most prominent things to live, but we give importance to other things. It is the time where we google each and everything, so google it, human being needs to live. Money would not stand anywhere but oxygen, water and food. Human being is among the wise creation of nature, but his over smartness is creating drastic problems worldwide. Nature gives exact habitats to each creation where they can live peacefully, but human curiosity never ends. It is good to consider worse things and make efforts to bring them into equilibrium, but it is bad to stimulate better things and finish them into worse. Human often do R&D and sometime try to make perfect things more perfect. He enters the marine world and expect their aquatic life will let him do arbitrariness on the contrary, whenever mistakenly animals enter his boundary he is ready to destroy them. Is it right? It is humorous when he stops his breath in water and try to live in water as long as possible while he is human, and land is the perfect place to live so why he does this worse thing it reflect his expansionist attitude. Human innovations could not be denied. Switzerland is the world’s most-innovative economy followed by Sweden, the United States of America (U.S.), the United Kingdom (U.K.) and the Netherlands, according to the GII 2020. 2020 ranking of science and technology hotspots Tokyo-Yokohama is the top performing hotspot again, followed by Shenzhen-Hong Kong-Guangzhou, Seoul, Beijing, and San Jose-San Francisco. Economies achieved huge levels in innovation, Science and Technology, and they are capable to predict nature surprises, but it is also true we cannot deny supreme power will. Whatever nature wants to do, it does. Sometimes it seems cruel attempt of her, but in close inspect we found foul play is also done by human too. Selfishness is a very common word, and we take it very lightly. But it is like mental disorder, when human embrace selfishness, he is wrapped up in own desires and don’t care others. There are countless instances which let the selfishness prove poisonous. Deforestation, emissions of greenhouse gases, soil erosion, Plastic use, etc. are problems which are creating huge disaster worldwide. Although, agreements are being signed over climate change, PARIS AGREEMENT is one among where Its goal is to limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels. It was adopted by 196 Parties at COP 21 in Paris, on 12 December 2015 and entered into force on 4 November 2016. These are agreement which can help to control climate change, but it seems agreements should be tabled on cruelty. Recently, horrible news was just breaking TV big screen with sad vibrations, human attempt of cruelty happened in Malappuram, Kerala where a pregnant elephant died after a local allegedly fed her a pineapple stuffed with crackers. Some News reported that locals did this horrible task to safeguard their crops from wild animals. But destroy someone's life is not the way at all. The question arises, how human being can take decisions over animals and vegetation life. Both cannot speak and escalate their grievance, so supreme power does justice by doing natural disasters. A herd of elephant was seen rummaging food around garbage areas located next to a wildlife protection zone, A landfill site in the town of Ampara Sri Lanka was created about a decade ago. It is a head scratcher sad moment that why the elephant is helpless to find his food in scrap. This is a jumbo problem in Sri Lanka on human and elephant conflict. Where human want to save their crop field and elephant does enter human boundaries or to jump scrap in search of food. Now it is the human responsibility to get solved as soon as possible. Unlike human can find good in bad, animals take the things same as displayed. If we talk about air pollution, In India, more people have been killed due to toxic air pollution in 2019 than in 2017, according to Lancet report published recently. 1.67 million deaths accounting for 18% of all fatalities. New Delhi, Kolkata and Mumbai were on the list of the world’s 20 worst polluted cities. It is the human responsibility to provide a better environment to others who are also the stakeholders of nature, if not, at least let the nature as it is as it has been created. Otherwise, be ready for floods, hurricanes, tornadoes, volcanic eruptions, earthquakes, tsunamis and storms, etc. Another natural treatment also here like pandemic, as we all know whole world are shivering under corona disaster. Science and Technology help to shield the entire world, but things which happened around let us know, supreme power controls the entire universe and even atom cannot change its position without his will. And if someone dares to imbalance nature the result will be worse. Being loved, spread love and respect each other habitants are good health prescriptions for nature creations. In profitable Marketing world, maverick tricks are being carried out to sell products, but nature care its creation by providing them basic things under lifetime package, Simultaneously, we should make proper utilization of natural resources. Chandigarh

East or West all directions are Best

10/1/2020 10:05:00 AM

The Backpack seems often light when we are accompanied by google map on long travels, doesn’t matter, where we go. Put your destination in the search box and the beautiful voice comes from your mobile, which leads you to a destination while you are having less information about direction. You enjoy your favorite music with a high-quality subwoofer during decoding the body language of a travel planner, a huge quantity of enthusiasm is found prowling around the man of the trip. No worries about a travel destination and the traveling wave is in the right flow. Feeling nostalgic, while traveling with google map, direction theory was so easy and so simple as now. In initial academic years, among other basic things, we learned about directions and found nothing which could be confused. In short, the Sun rises in the east and sets in the west, the north will be on your left side and the south will be on your right while facing sunrise. As far as, I remember, auspicious and inauspicious words were never a part of the direction chapter at all. Although google map and GPS digital direction guide arrival make our travel smooth and enthusiastic, but, when direction accompanied by the dwelling, it becomes even terrible. Clarity seems to fade. Will this direction be auspicious? Some are being dragged to superstition having much confusion over dream home facing. Hardcore money is going to be put on it. There are millions of people, who are prowling around the confusion over direction while laying foundation for a dream home. Among so many things, I am unable to understand why people are so much confused over the direction. Their deep belief in direction magic effects dragged them to superstition to some extent. People believe, by constructing a study room in a particular direction, their kid's study will be impacted in a positive manner, but I have a doubt into it. Many success stories have been written under the sky. Dr. Abdul Kalam belonged to a poor family, he had not a study room in a particular direction as I have read about him. Apart from Dr. Abdul Kalam, there are so many brilliant people who had broken this myth while studying under the sky and streetlight. However, it is extremely important to place each room in perfect direction by best use of natural resources. Here, google map and GPS will not work with solidarity but your R&D can give you a confident ray of hope.. Climatic conditions and optimum use of natural resources recommend you a direction for a dream home. Land with huge vegetation, thick walls and high ceiling can be a good choice for hot climate region. North facing home works like a catalyst into it. It will be best to consider sunlight preference for each room before finalizing the direction for a particular room. Unlike the hottest region, South Facing or East Facing will be a good choice for cold climatic regions. Moreover, both positions receive a huge amount of natural light which means, climate condition recommends you a direction. We cannot recommend a particular direction for several climatic conditions. Sunlight and air like any other natural resource should be firmly considered as stakeholders; optimum utilization of each natural resource will escape your home to be a bill factory. A natural resource like sunlight not only effects the inner environment of home, bill amount figures but it also affects your mental health too. Here, we will try to find out how sunlight and darkness affect our mental health. Sunlight and darkness help in the release of good hormones in our brain when we are exposed in certain amount of time. When we get our cells exposed to sunlight then it is thought to increase the release of a good hormone called serotonin in brain. Serotonin is associated with boosting mood and helping a person feel calm and focused. At night, darkness trigger the brain to make another hormone called melatonin. This hormone is responsible for helping you to get sound sleep. Overthinking is not only restricted to home construction but also in home décor. As India believes in some philosophies on home dwelling and home décor, other countries also do the same. Japan follows wabi sabi and china believes in feng shui. Behind all philosophies could have the same intentions, but the elements revolve around the philosophy are different. Vastu shastra revolve around five elements water, air, sky, fire and space and feng shui includes wood, fire, earth, metal and water. Which thing will be where? what kind of things should be brought to bring happiness? I think let the home décor follows your heart. It is a place where you find peace after a long day hustle bustle. The space, where you embrace your good or bad, it symbolizes you not other persona. Akshardham Temple Complex has 10 massive and beautiful gates. The layout of the gates was planned according to the ten principal directions described in Indian culture. The gates, entryways reflect the Vedic sentiment of inviting goodness from everywhere to all visitors. I found, spirituality is embracing all directions, sunshine and blowing wind like nature’s pop-ups reveal east or west all directions are “The Best”. Chandigarh

Fitness fine kick over Dream home amenities

8/31/2020 6:01:00 PM

Since last many year’s, bizarre performances are often seen in parks, mostly, it is a picturesque view of morning and evening. Fiercely, people invent their own moves while seeing other one doing something with their nostrils or pumping heart by breathing out on colorful yoga mats. Dance without music consists of basic self made steps and giggling without any reason sounds scary sometimes, appears adventure channel is live on real television screen. Outside a park, bottle gourd & bitter gourd juices are sold over maverick trick. Fitness obsession is going all the way to physical and mental health. People are very aware of their mind and body. Everything is being seen under a fitness perspective, although bad visual feed impacts are being ignored sometimes irrespective of knowing visuals impact our mind. Electronic media is keen to broadcast fitness programs by giving “Miraculous Headlines” as exercises will be performed by experts. Often, It is likely outcome, many can harm each other during emulating experts while watching fitness programs, if we consider room measurements. Everyone needs a fine morning kick to make their day productive by doing exercise and watching horoscope. On the other hand, YouTube, Instagram, Facebook Twitter, etc are inundated with fitness goals. Video sharing sites introduce you to many people who would sometimes inculcate authenticity about video outcomes. Multiple asana photos are capable to tell you the whole story by photos sharing sites, simultaneously Ketogenic diet and Vegan diet are followed by many under media sources guidance and ready to switch another one to get the best results. It seems, way of presentation of everything has changed and things will absolutely be grilled until implementation. Rituals of welcoming guests have been changed over a period of time, There was a time when we were offered tea, coffee, or cold drink. Now, the beverages menu has been changed, green tea is included. If we chose tea, then the question arises, which milk will be added, almond milk, or holy cow milk. By choosing cow milk, we are asked to choose among toned milk, whole milk or skimmed. At once I got embarrassed when I had been given choice between sugar or stevia??? Then I realized, people are in a health marathon, and I still believe in baby steps. Without wasting any time, we start rubbing nails while talking to each other as it claims to reduce grey hair. These days, In our talk, health issues and their remedies are discussed and while offering lunch or dinner, we are introduced to recipes accompanying health benefits as things should be grilled and drilled so that conviction will be maintained while consuming. As the food is considered for maintaining health, other activities play a vital role too. Cycle, which had been apart in past, reunion, is seen these days. However, having a cycle for many are their helplessness. Cycling Track is being constructed along with roads. Now, Cycle seems, seen as a status symbol behind multiple health stories. People used to take multiple memberships of Yoga, jogging, swimming and gym activities among others which energize us for the whole day. As we got to know, it has become our part of life so while searching dream home, we give more importance to home amenities instead of other things. There was a time, when only home location matters a lot while making home- buying decisions, although it matters too now, over a fitness long-lasting wave, home amenities grab the attention of the home buyer to some extent. It could be quite good to have every facility at our doorstep instead scattered. Chandigarh

Filter Selfie Camera is Inspirational too, but behind the Camera intention matters a lot

8/6/2020 4:31:00 PM

Beyond self-centered, hypocrisy is blooming around creation. Residing in “Matlabpur” since many years, we have been dragged far away willingly from where we belong to. We firmly recommend hill stations but residing in a plain crowded city is our choice. Social and electronic media scream plastic ban, pollution control, sapling, water conservation, selfies along with aloevera & flaunts food wastage. Suddenly, while stepping down in real world, absence of plastic, thrown us far away from our comfort zone. we have not been offended by multiple number plates over pollution. Junk food craving forget aloevera benefits, wedding and birthday parties are ruling over food wastage, so much confusion. Breathing exercises and Higher Air quality Index are behaving like rivals. Simultaneously high demand of masks and yoga mats market is on a high swing. Even masks are available with color contrast, promptly finding something creative even in “worst” is in the DNA of human being. India was the 5 most polluted country in 2019, with Ghaziabad in the National Capital Region ranked as the most polluted city in the world, according to a global compilation of PM 2.5 particulate pollution data by IQ Air, a company that primarily works on air filtration. Since the last decades, numerous environmental issues have been prowling around the globe. Tv flickering screen often making headlines about carbon dioxide emission and glaciers melting among prevailing domestic and political stories. And somewhere, these technical terms fail to give them good TRP. Meanwhile, many campaigns trend on social media platforms with hash tag. It is the question of the hour, so many initiatives are being carried out through electronic & social media, but nature devastating health tells us a different story, time to remove malware named “hypocrisy”. Fictitious Superheroes practice to hide themselves along with good deed and subsequently, they are inspirational too with their character. It is indeed inspirational to contribute after the environment with a filter selfie camera, but behind the camera, intentions matters a lot. However, it could be result oriented. There is a blame game since creation. Most of an environmental disaster is the consequence of human self-centered activities, but whenever nature fiercely reacts and we set to be surprised. In most of the cases desire dominates need, when we need only source of transport but our desire of many. It doesn’t mean irrespective of sound financial potential, we should stick to public transport. Moreover fictitious Aladdin magical floral carpet will also not be worked. There is a need to make equilibrium between desire and need in wake of the environment. Time alarms to take environmental issues on surveillance, not for just name sake. Parlors conclude lifestyle, but oxygen Parlor sounds worst, seems artificial and mechanical live with a plastic body, to be called nightmare, would not wrong. Some things should be manufactured under nature monopoly. Heavy downpour, lowest rainfall or never rained are on one side and its effects on another. Since many relief aid and packages are given to affected areas but why nature is being biased towards its own creation. As nature sources always tend to being unbiased. Urbanization, industrialization and globalization revolution creates smart cities, generating jobs, infrastructure, improves export. Country enjoys its upward graph. Caricature should never be on evolution. Contrary, to focus on some environment friendly practices. Include residential green building, concludes designing and constructing homes that use energy, water and materials efficiently. It claims to reduced impact on physical environment and promotes a healthy indoor environment. To be called mumbaikars, delhians and chandigarhians promote feel good factor. Who resides here, and no doubt, these cities demonstrate enough splendid monuments, social amenities. Many people became opulent by its location potential. Chandigarh is seen as a job hub, IT city, medi city and Bio Tecchnology park. These are emerging as opportunities for country talent. By developing surrounding states we can control the migration ratio. Himachalians and Uttaranchalkars many states will be emerging as existing with enough location potential. That will grab the attention of many as do Mumbai, Delhi & Chandigarh among others. Where, we were banging our head over climate issues. Corona was set to spread. Now, the entire globe seems warrior. However, some have left things on supreme power by not carrying corona protection gadgets. Irrespective of the corona disaster, astonishingly, both believers look at each other through an intellectual lens. Meanwhile, social distancing leads goosebumps among window seat lovers in public transport, and hope of live is being seen as a life support machine in between “Tug of vaccine”. Corporate is opened with guidelines, Shopping has been served under sanitization downpour. Seems, perfect place if we feel unhygienic during a pandemic. Other essential activities were being carried on since lockdown. News are spread, cinema’s, gym and other activities are about to open consisting some guidelines with coming to unlock. Seeing the pandemic catastrophe with crystal clear lenses, some have themselves ready with a to- do list. Unlock should be seen as new normal, should not be seen as without corona till at least vaccine arrival. Chandigarh

Technology Avatar Electronic and Digital Revolution as "Chirag"

7/24/2020 5:57:00 PM

Over a time, cathode ray tube turned to color LED, heavy computers become light and mobile has replaced heavy wired land lines, not surprisingly, more magical things are about to come. Technology has changed our approach. In technology Era, it has been easy to be on screen, Android screen Stars are twinkling by throwing their talent at social media platforms, It is a creative and economical way to put talent in the digital world. Earlier, many had to give auditions, screen tests and to do formalities to be an entertainer, but now it has become easier, with technology up gradation. Your approach for followers became sort of smart. You Tube, Instagram, Twitter and Facebook are very few instances of social media, which are trending among Millennials, Generation Z and less in Generation X. If you don't want to be exhausted while finding these websites in search engines, just install a desired app, sign it up and you reach about target audiences will be guaranteed, if you have enough talent ingredient. It has been seen that, talent is emanating on emerging digital platforms, whether dancer, singer, poet, bloggers, web developer, graphic-designer or other talent demonstrator, you can be a benchmark in your field by putting your best in related platforms. These platforms have been emerging as a handsome income source and informative too, since few years, with increasing followers and views your income could be increased. Nothing would be, which you could not search for it, yes, authenticity could be an issue which can make search results less trust worthy, but your intellectual can help you to find and pick relevant search results. Every advantage often has demerit and it depends on us how and why we use them. With the technology rush, it is seen, our youth is prowling around it badly, and calling them technology addict will not be wrong. Among internet users, some netizens are just putting themselves in that platforms worthlessly. They often use to imitate like actors, it is good, if you are evolving as an artist, but the question arises, do you "ALL" want to be an actor or just end up your precious day as spoiled and exhausted, where, this moment their focus should be on academics or on their career goals. It will be healthy to boost your happiness hormones or to be entertained for a while, but practiced in the whole day could make your life curse, so everyone should have to take the responsibility for themselves that how much they should be indulged in digital platforms and of course their Parents too should be on high alert while giving them digital gadgets. Technology has a profound impact globally, almost every sector activity drives directly or indirectly digitally and this is the need of the hour for being alive in the market. Globally, Among countries, there is competition to be on top or even pioneer in every field whether it is electronics, defense or pharma, to be the inventor of Covid-19 vaccines is the current instance of being pioneers, this is all happening around the existence of science and technology. In India, many startups are successful by holding hands with technology. For a few years, the digital wave has been seen around us. School, colleges, hospitals, banks, industries etc. are all indulging in the digital world over the period of time. Just one click and your food will be at your door, cab will be ready to bring you and your visual tour of your dream home will be on your computer screen or on your mobile phone by just one single click, subsequently if we look down on augmented reality &virtual reality, you should not pinching off yourself to realize, this is happening in reality, it's experience has been given by enormous media houses, movies and even in android apps. It is such a magical experience, we see and feel while watching that stuff, means of adding digital elements in the real world, we can see a different world of same scene, even you can feel the roller coaster experience while sitting on your couch, feeling real environment in a virtual world by just using the technology is just a victory in Pandemic lockdown. Except a few, every sector activities have been continued during lockdown through Technology existence, but in between, technology wave, we should not forget if technology is Chirag, the human being is Aladdin, who are the prevailing character among Millennials. Things that seemed to be science fiction earlier, it has become a reality now. Since, the human being is the only fulcrum of the digital world, acknowledging technology as the latest version of "Alladin ka Chirag" will not be wrong. According to Latest Statistics there will be 907 million internet users in India until 2023, and this data indicates enough possibilities for opportunity seekers. It seems the best time for India's talent to becoming Tech wizard, I hope, efforts will continue forever by founding new invention and discovery which has been seen as a catalyst for economic growth. Chandigarh

Pandemic Covid-19 Lockdown and buying RERA Projects

7/13/2020 3:23:00 PM

It seems Pandemic Covid-19 will not stop until its vaccine found and now we have left with prevention only which can help us to survive pandemic.It is creating catastrophe globally.Covid-19 and Lockdown have changed people's prospective towards their life.Pandemic Covid-19 has succeeded to stressed out on social Infrastructure,Among other social infrastructure,Huge health infrastructure should also be seen as important,as it has a huge impact on our economic growth.Covid-19 proves practically how citizen's good health bridging the gap between Country's economy and its growth. During the pandemic,people's different faces have been seen, tenants and paying guests were being harassed by landlords, Reports said.Corona spread was becoming dangerous and misconceptions over pandemic and other rental issues were forcing landlords but to evacuate rented accommodation. Where some were doing inhumanity meanwhile, many volunteers came to help others to provide covid -19 safety gadgets and many were came to feed hungry.Animals too were not deprived from humanity. The days of lock down seem worse when the house is not even yours.Pandemic Covid-19 Lockdown forced us to think about our own home,where,we can take care of our self and our loved ones by giving them hygienic place called home and let our family corona free. Owning Home is everyone dream and Covid-19 spread has been succeeded to convert dream into the need of the hour.In india ,residential demand is on boom and NRIs real estate demand kept pace in their home town,Reports said. Home is a peaceful and secured place, where we feel comfortable and enthusiastic.We can do what we want to do.In your own home, you are the only who can make and break the rule, nobody can instruct you to do this and that,However, EMIs are being paid, if you take home loan,But it will not disturb your mental peace because EMIs are giving you ownership and once EMI finishes it will become your tangible asset.Means you can enjoy your asset since buying your dream home.Fortunately, RERA and PMAY are two among other are working like demand booster to encourage residential demand, and low interest home loan is working like catalyst into it. RERA empowers buyer.Earlier,buyer's property buying decision was hit in the absence of RERA but now seeing in upward trend in residential property. It seems RERA has been successful to bring confidence in residential market even in pandemic corona virus lockdown. What is RERA? RERA stands for Real Estate Regulatory Authority.It aims protecting the interest of property buyer in real estate sector and to establish an arbitrating mechanism for speedy dispute redressal. Project delivery delays, property pricing, quality of construction, title and other changes are the issues which RERA regulates and addresses the issues in an efficient and transparent manner. RERA empowers both Builder or Developer and Buyer, as most of the things were favoring Builder. RERA brought many norms that will protect buyers from unfair builders malpractices. Takeaways of RERA Standardized Carpet Area Earlier the carpet area on which the property price calculated was not defined.Every builder/developer had their own method of calculation of the carpet area.Means for the same property the builder would calculate the carpet area of 1400 sq ft and the other would calculate the carpet area of 1500 sqft ,Hence there was no parity in carpet area in the absence of RERA.However,this has now been defined by the RERA Act,and the same formula would be applied by all builders/developers for the calculation of the carpet area. Subsequently, it will impact property prices as price calculates on the basis of the property carpet area.Builders compute the price of the property as follows: Cost of the property=Carpet Area x Rate per sq ft Rate of Interest on default Earlier,In case of default on payment by the buyer ,the interest to be paid by the builder to builder was higher on the contrary if builder delays the possession of property ,the interest to be paid by the builder to the buyer was less.Means there was no parity in the interest to be paid for both parties.RERA defines the interest to be paid by both parties will be the same for both parties.RERA has been successful to bridge the gap between two. Reduces the Risk of Builder Insolvency/Bankruptcy Usually A builder has many projects to be built which have to build simultaneously. Earlier,Builders were free to divert the fund raised from Project A to fund the construction of project B. Now,This would not be possible as RERA defines norms which help to reduce the risk of Builder Insolvency .According to RERA,the builder is liable to deposit 70% of the amount realized in for the project in a separate bank account.Builder can withdraw from such account only on the basis of completion of project,which will be certified by a civil engineer,architect and a chartered accountant in practice. Compensation over False Promises RERA empowers buyers, If there is mismatch over builder commitments and actual property, the buyer has an option to withdraw from the property, RERA ,buyer is entitled to full refund of the amount paid as advance or otherwise along with interest and claim compensation. Right to information The buyer will be entitled to have all the information related to the property,layout plan,execution plan,stage wise completion status etc. Pradhan Mantri Awas Yojana: Having own home is a dream of everyone,unfortunately,some are deprived to fulfill this dream,among so many reasons,financial issue impacted the most of home buying decisions.Fortunately Pradhan Mantri Awas Yojana give a hope over it and many have been benefited from Awas Yojana. Chandigarh

NRI real estate investment FAQ

5/26/2020 6:08:00 PM

"1.       Who is a NRI? NRI is a citizen of india, who is holding an indian passport and temporarily residing abroad for employment residence, education or any other purpose or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident. Non-resident foreign citizens of Indian Origin are treated at par with Non Resident Indian (NRIs). 2.       Who is a PIO? A Person of indian origin who is a citizen of another country, holds passport of another country  and is not being a citizen of Pakistan,Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal and Bhutan. (a)   He/She at any time, held a Indian passport, or (b)   Self or either parents, grandparents, great grandparents or spouse was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955). 3.Who is an OCI? (a) Any person of full age and capacity: (i) Who is a citizen of another country and holds passport of another country but was a citizen of India at the time of, or at any time after, the commencement of the constitution, or (ii) Who is a citizen of another country, but was eligible to become a citizen of India at the time of the commencement of the constitution, or                                                                                                                                   (iii) Who is a citizen of another country,and holds passport of another country but belongs to a territory that became part of India after the 15th Day of August, 1947. (iv) Who is a child of such a citizen, or                                                                                                                                    (b) A person, who is minor child of a person mentioned in clause (a) Provided that no person, who is or had been a citizen of Pakistan, Bangladesh shall be eligible for registration as an Overseas Citizen of India. 4.General Documents required for buying property Pan card  OCI/PIO card (In case of OCI/PIO) Passport (In case of NRI) Passport size photographs Address proof 5.Which categories can purchase immovable property in India?   Under the general permission of RBI, the following categories can purchase immovable property in India:                                                                                                                                                                                                a) Non-Resident Indian                                                                                                                                                              b)Person of indian origin                                                                                                                                                             c)Overseas citizenship of india The general permission, however, covers only purchase of residential and commercial property, and not for purchase agricultural land/plantation property/farm house in India, such proposals will require specific approval. 5)Can a NRI/PIO acquire agricultural land/plantation property/farm house in India? Since general permission is not giving permission to NRI/PIO to acquire agricultural land/plantation property/farm house in India, such kind of proposals will require specific approval of Reserve Bank and the proposals are considered in consultation with the Government of India. 6)What is the Tax treatment for income generated from property selling or renting in india for NRI/ PIO/OCI? The acquisition of property does not attract income tax. However, any income accruing from the ownership of it, in the form of rent (if it is let out)/annual value of the house (if is not let out and it is not the only residential property owned by that person in India) and/or capital gains (short term or long term) arising on the sale of this house or part thereof is taxable in the hands of the owner. 7). Do NRI/PIO/OCI have to file return in India for rental income from property in india and Capital Gains Tax? The Government of India has granted general permission to NRI/PIO/OCI to buy property in India.These categories do not have to pay tax on mere acquiring property in india, but if they are selling this property, the profit on sale will be subject to capital gains.The gain can be short term capital gain or long term capital gain.If the property held for less than or equal to 3 years after taking actual possession then the gains would be short term capital gains, which are to be included in their total income as tax as per the normal slab rates shall be payable and if the property held for more then 3 years then the resultant gain would be long term capital gains subject to 20% tax plus applicable cess.Property Rental income is taxable in India, and they will have to obtain a PAN and file return of income if they rented this property. 8)How does the Double Taxation Avoidance Agreement work in the context of tax on income and Capital Gains tax paid in India by NRI? India has DTAA’s with several countries which give a favorable tax treatment in respect of certain heads of income. However, in case of sale of immovable property, the DTAA with most countries provide that the capital gains will be taxed in the country where the immovable property is situated. Hence, the non-resident will be subject to tax in India on the capital gains which arise on the sale of immovable property in India. Letting of immovable property in India would be taxed in India under most tax treaties in view of the fact that the property is situated in India. 9)How does Double Taxation Avoidance Agreement work in the context of CGT paid in India on the foreign tax treatment? In case the non-resident pays any tax on capital gains arising in India, he would normally be able to obtain a tax credit in respect of the taxes paid in India in the home country, because the income in India would also be included in the country of tax residence. The amount of the tax credit as also the basis of computing the tax credit that can be claimed are specified in the respective country’s DTAA and is also dependent on the laws of the home country where the tax payer is a tax resident. 10)What are the rules governing the repatriation of the proceeds of sale of immovable properties by NRI/PIO as prescribed by the Reserve Bank of India? (a)  If the property was acquired out of foreign exchange sources i.e. remitted through normal banking channels/by debit to NRE/FCNR(B) account, the amount to be repatriated should not exceed the amount paid for the property: (i) In foreign exchange received through normal banking channel or (ii) By debit to NRE account (foreign currency equivalent, as on the date of payment) or debit to FCNR (B) account. Repatriation of sale proceeds of residential property purchased by NRI’s/PIO’s out of foreign exchange is restricted to not more than two such properties. Capital gains, if any, may be credited to the NRO account from where the NRI’s/PIO’s may repatriate an amount up to USD one million, per financial year, as discussed below. (b)  If the property was acquired out of Rupee sources, NRI/PIO may remit an amount up to USD one million, per financial year, out of the balances held in the NRO account (inclusive of sale proceeds of assets acquired by way of inheritance or settlement), for all the bonafide purposes to the satisfaction of the Authorized Dealer bank and subject to tax compliance. The NRI/PIO may use this facility to remit capital gains, where the acquisition of the subject property was made by funds sourced by remittance through normal banking channels/by debit to NRE/FCNR(B) account. 11) Is the rental income from acquired property in india is repatriable and what are the RBI rules? Being a current account transaction,a rental income,  is repatriable, subject to the appropriate deduction of tax and the certification thereof by a Chartered Accountant in practice. Repatriation of sale proceeds is subject to certain conditions. The amount of repatriation cannot exceed the amount paid for acquisition of the immovable property in foreign exchange. BrickAcres Real Estate Services Chandigarh ( UT) www.brickacres.in https://www.facebook.com/brickacres.in https://www.twitter.com/brickacresin " Chandigarh

New Era in India with bringing of fresh Rs 500 & 2000 currency notes

11/19/2019 6:47:00 PM

"The Govt. Of India yesterday 8th Nov2016 has ignite the flame to flatter the future of all Indians.With this new move the govt has clearly give the message to common man that India is now moving towards cashless transactions whether it is a matter to buy a small matchbox or to buy a LPG cylinder for home or just pay your LPG monthly bill digitally.It added more value to few private e-commerce platforms those have already started building confidence inside the consumer mind to see another alternative of bank ATM card.With this bold move of Govt the rumors are every where that what will happen to Indian Economy, Will specific product  like Stock Exchange, Gold, Real Estate etc will perform well in the absence of black money. In a laymen sense we can expect the things will move ahead in the same way as rumors are, but there can or we say exist another side of coin too. If we see the last three to four years of Indian real estate primary market on ground the chunk of black money was negligible. Due to the buying of investors held in the previous bull run for year  2009-2012 the market price for their assets are not even some time able to sell off on purchased price.Due to existence of end user demand in majority the sellers are managing to accept their short/long term gains through banking.The secondary market in undergoing or recently developed townships hope fully shall not face any major heat of Govt. this move as the margin of long/short term gains are very less. Further the investors those are holding properties in anticipation of better price in the near future will remain peace because of long vision where as current seller may adjust comfortably towards the acceptance of new move to keep the end user demand fulfilled in the near future. Most of Builders all around the country have been fighting since that with Low residential housing sale, Huge inventory , Slow construction phase, liquidity crunch,increasing Debt etc. As expected the selling pressure on the builders those are keeping huge inventory with the support of black money will face heat, but parallel to this Builder working from last few decades in providing good habitation to this country will have opportunity to regain the confidence of customer to large extent. One more addition to this will be the increased liquidity of Banks with this currency demonetization.With these Lakhs of crore deposits the financial strength of banks for lending will be increased and  may soon reflect in the form of reduce lending rate for Home loan etc. As per Economic parameters we know, the reduced home loan rate will ignite end user demand for Homes to fulfill  one major goal of their life.Reduced home loan rates enhance the capability of buyers to stretch  their loan with nominal change in their paying capacity. More over the real estate market is going to be very transparent for players those are practicing cheque & paper transaction in order to keep books of account healthy for buyer and seller. The upcoming enforcement of real estate act by Union govt and RERA presence in all part of country by April 2017 will be the backbone for real estate market to keep stand in front of consumer sentiments for sector. Once again the changing law and polices in country like India. in a surprise and positive manner  keep the finger cross for hoping such more good decision in near future. " Chandigarh

Union Budget 2017 Key Highlights of Real Estate Sector

2/4/2017 6:49:00 PM

"In Union Budget 2017 speech Finance Minister Arun Jaitley  fulfilled one of the major demand of real estate sector, Affordable housing will be given infrastructure status which is likely to result in increased participation from private players.This announcement can help this sector to boost in many way, Simultaneously it will attract investment to the sector.Infrastucture status to affordable housing will act as a catalyst to meet the objectives of pradhan mantri yojana housing for all by 2022. In the union budget 2017 Govt tried to fullfilled all demands what the sectors need to contribute to the economy.Union budget 2017 speech Finance minister Arun Jaitley announced  National Housing Bank will refinance individual loans worth Rs 20,000 crore in the year of 2017-2018.The housing sector alone contributes 5-6 per cent to the country's Gross Domestic Product (GDP).Here, some key highlights of union budget 2017 for real estate sector.a Union Budget 2017 Key Highlights of Real Estate Sector Affordable housing have been given Infrastructure status By 2019 1 crore rural houses will be created Pradhan Mantri Awas Yojana housing for all by 2022 to get Rs 23,000 crore National Housing Bank will refinance individual loans worth Rs 20,000 crore. Developers to get tax relief on unsold stock as liability to pay capital gains,It will arise only in the year a project is completed Instead of Built up area of 30 and 60 sq meters, the carpet area of 30 and 60 sq meters will be applicable for affordable housing Holding period for long term capital gains tax for immovable property reduced from 3 years to 2 years Tax break of 1 year post receipt of the completion certificate, for the unsold stock Rs 2.41 lakh crore has been allocated to boosting infrastructure for transportation Indra Awaas Yojana will be extended to 600 districts Allocation for National Highways to be at Rs 64,000 crore Indexation for capital gains shifted from 01-04-81 to 01-04-2001 Above 3 lakh cash transaction to be stopped. Chandigarh

Demonetization:The Tremendous Unlocking opportunity for Real Estate Sector

12/20/2016 5:06:00 PM

"Views of Noted Economists, Chartered Accountants, Investment Gurus and Finance experts on Effect of Demonetization and other recent developments on Real Estate. Last few days there has been a surge of messages from ""Whatsapp Economists"" with the simple theme that real estate prices will fall drastically due to Demonetization ie ban on Rs 500/Rs 1000 notes. Here's a 10 Point Summary of what actual experts with business and economic logic say: Demonetization will flood the Banking system with funds driving down both interest rates on Deposits and Loans If Interest rate on FD is just 5-6 % interest on Home Loans will come down to 7-8 % (since Banks keep an 2-3 per cent margin). (Banks already indicated the same) Historically at such Low interest rates Real Estate industry gets a massive boost as property becomes attractive to everyone: Buyers, Investors and even that invisible category called Businessmen/Professionals. Even when prices are same, Apartments come within reach of Buyers due to lower EMI on Loans due to lower interest rate Investors find Investing in property more attractive than earning a paltry 5-6 % on Bank Deposit as simply buying and renting out gives them more return. PLUS they create an asset and earn appreciation over a period of time PLUS they get income tax deductions Shopkeepers, Retail Malls, Corporate Houses and even professionals like Doctors, Consultants, CAs jump in to buy property as they want preferred location and once that's gone they may never get that chance again. So, they buy at the first available opportunity instead of waiting for prices to fall. Demonetization will see the most money flowing in banking system from people in the unorganized / small scale sector: Farmers, Traders, Tailors, Hoteliers, Beauty shop owners, Tuition classes, small contractors, House Maids, Drivers, Security Guards etc. Crores of new people entering Banking system means that they will also be eligible to get bank loans and fulfill their dream of owning a house Government will have money to invest in infrastructure as Banks will deploy lakhs of crores in Government Securities. With a few lakh crore at its disposal, Government can only boost funding to infrastructure schemes such as Smart City Mission, Swacch Bharat Mission, Housing for All etc. New Airport in town, better connectivity to National/State Highway, Up gradation in City Transport all lead to increase in demand and prices of properties in the city It is interesting to note that real estate prices show slower rise in countries which have a fully ready infrastructure like USA, UK, Japan etc. Whereas in a developing countries like India, there is a vast difference in prices in a City before and after creation of Infrastructure   Conclusion: In the final analysis, recent developments such as passing of Real Estate Regulation Act, Demonetization, Goods and Service Tax etc combined with Government focus on infrastructure will only serve as positive factors for growth of Real Estate industry Factors of Real Estate Industry which get missed due to one-sided picture created by social media:  Real Estate Industry contributed 7 % to India's GDP. Second Highest employer after Agriculture. Real Estate Industry supports more than 140 allied industries from large ones such as Steel, Cement and Transport to cottage ones such as bamboo and rope making. Real Estate Industry caters to the basic need of Shelter for every citizen. As per Government of India, more than 90 per cent of demand for Real Estate Is in affordable and mid range category. In era of mechanization and automation, Real Estate is the only Industry which still continues to provide regular employment to millions of daily wage earners. One of the only Industries which contributes large share of taxes at all levels of Government: Local Government ie Municipal Corporations etc (Building permission charges), State Government (VAT and Stamp Duty), Central Government (Service Tax and Income Tax). Investments such as equity shares, Commodities like Gold, Silver, Mutual Fund etc have seen large ups and downs. Real Estate is the only asset class which has given stable and constant one way growth over last several decades. Real Estate has both value in use and value as investment. Real Estate investment is the best investment from a very long term angle as taxation happens only on sale and in case of reinvestment 100 pc tax can be saved. With Indian economy becoming increasingly urbanized, it is expected that more than 50 pc of India's population will live in cities by next decade. This massive change in demographic and economic profile of the country will give big boost to real estate over the 5-10 year horizon. Demonetisation good for growth, present problem to be over soon: Adi Godrej, Chairman, Godrej Group  http://economictimes.indiatimes.com/markets/expert-view/demonetisation-good-for-growth-present-problem-to-be-over-soon-adi-godrej-chairman- godrej-group/articleshow/55432068.cms " Chandigarh

FAQs-Pradhan Mantri Awas Yojana

2/25/2016 6:52:00 PM

"What is Pradhan Mantri Awas Yojana (PMAY) Credit Linked Subsidy Scheme? Credit Linked Subsidy scheme implemented as a Central sector scheme,It is launched by our honourable Prime Minister Shri Narendra Modi for urban poor  Economically weaker section (EWS) and Low income group (LIG).In Prime minister latest announcement the neo middle class and the middle class categories have been added in the Pradhan Mantri Awaas Yojana in urban areas and one scheme for rural areas. The beneficiary would be eligible for interest subsidy for acquisition and construction of house.It is also available for new construction and addition of rooms, kitchen, toilet etc. to existing dwellings as incremental housing. Who can avail Credit Linked Subsidy Scheme? A beneficiary is defined as: A family comprising of husband, wife and unmarried children Beneficiary should not own a pucca house either in their name or in the name of any member of their family in any part of India to receive central assistance under the Mission Meeting income criteria defined under the scheme What is the applicable interest subsidy and the loan amount? The neo middle class and the middle class categories have been added in the Pradhan Mantri Awaas Yojana in urban areas.Housing loans of up to Rs 9 lakh and Rs 12 lakh will now get interest subvention of 4 per cent and 3 per cent, respectively, in 2017. Another scheme is being put in place for the neo middle and middle class in rural areas,interest subvention of 3 per cent on Up to 2 lakh rupees loan taken in 2017, for new housing, or extension of housing in rural areas. How will beneficiary receive the interest subsidy benefit? Housing and urban development corporation and National Housing Bank identified as Central Nodal Agencies (CNAs) to channelize this subsidy to the lending institutions and for monitoring the progress of this component. Housing Finance Companies and other such institutions would be eligible for an interest subsidy.The bank will claim subsidy benefit for eligible borrowers from National Housing Bank (NHB).The NHB will conduct a due diligence to exclude claims where customer has submitted multiple request. For all eligible borrowers, the subsidy amount would be paid to the Bank. Once the bank receives the interest subsidy, it will be credited upfront to the Loan Account. What is the size of dwelling units under Credit Linked Subsidy Scheme? The carpet area of houses being constructed under this component of the mission should be upto 30 square metres and 60 square metres for EWS and LIG, respectively in order to avail of this credit linked subsidy. The beneficiary, at his/her discretion, can build a house of larger area but interest subvention would be limited to first Rs. 9 lakh only. Chandigarh

A Potential Destination to Invest in Real Estate Baddi Brotiwala Nalagarh Industrial Zone

2/17/2012 5:00:00 PM

"A worth in real estate investment associated with the potential of that area to pay returns in terms of Appreciation and rental. Property price always based on the current status and new up comings for any area.Baddi an industrial area of Himachal Pradesh also emerging as a new destination for real estate investment as area has already developed into a industrial house for Big Indian Players of Pharma,FMCG Textile,Biotechnology,Packaging,Informational technology and Electronics etc those contributing towards the witness growth of industrial area. As on 31/03/2013 BBN has received the investment of INR 8116.08 Cr with the registration of 3796 small, medium and large scale units, In which Aprox INR 5031.96Cr has contributed by Medium & Large scale industry. In the last 5 Years Govt has approved projects of worth more than INR 4500 Cr & Expansion of existing projects worth more than INR 1000 Cr. Recently Govt added two more lime stone to its basket by approving investment proposal INR 550 Cr of United Biotech Pvt. Ltd along with Ranbaxy propose to invest INR 84.70 Cr with the Employment potential of 272 people in Baddi. As the area is developed well in terms of industry and still Medium & Large Scale Industries already approved worth more than INR 8000 Cr yet to start its production, the demand for well planned residential and administrative zone comes into play and witness by the Govt. recent activities of appoint a separate IAS officer for Baddi,New modalities with Haryana Govt would work out for the rail link from Surajpur to Baddi,Four lane road from Chandigarh to Badidi,Center Aid of INR 65 Cr to carry out project, Foundation stone for new Tehsil,Shifting State Pollution Control Board to Baddi & so Many etc. activities. Having look on all these facts, One can prudently analyze the growth scenario of BBN area where Half of India’s Pharmaceutical production mainly formulation would be originated." Chandigarh