Adventure of Tenants Around Planet

7/12/2021 4:53:00 PM

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

Thermocol Earthquake Resistant and good Conservation Practice of Natural Resources

8/25/2021 4:58:00 PM

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

Life in a City

11/16/2021 12:19:00 PM

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


'Indian Real Estate Emerging As Preferred Investment Option Amid Market Volatility'

3/7/2023 12:45:00 PM

The real estate in India is currently rapidly emerging as an investment of choice by the increased number of investors, both Indian and NRI, in a background of market volatility and equity markets stagnating amidst increasing inflationary pressures. Due to the attractive rental yields and the potential for further price appreciation across India in both the metros and other cities, real estate is seen as a good bet. Rapid urbanisation and a rising population contribute to increased demand for affordable housing units in major Indian cities. Despite real estate prices already appreciating between 10 per cent and 30 per cent across India in 2022, India’s growth story is attracting venture capital (VC) interest across segments of the Indian real estate sector. In a recent survey conducted by the CII, 59 per cent of respondents are strongly inclined to invest in real estate, while only 28 per cent continue to prefer investing in Indian equity markets. Nagpur, Coimbatore and Indore have the highest year-over-year rental demand, propelling the growth of India’s commercial real estate sector. This expansion is also evident in the office leasing market, which is anticipated to increase by 10 per cent to 15 per cent in the coming fiscal year. Some of the factors impacting this trend include: Growing Social Infrastructure in Tier-II and Tier-III cities A significant trend has been the rising demand for modern office space and the emerging trend of urban and semi-urban housing. In addition, the expanding e-commerce sector in the country is driving up the demand for storage facilities, which is providing a boost to the market. In addition, the increasing use of telecommunication services, the implementation of 5G standards, and the localisation of data have increased the demand for data storage facilities. In turn, this positively affects the demand for resilient data centre infrastructure, bolstering the market growth. Increased acceptance of hybrid models in 2022 has resulted in a huge upsurge in major cities for office space. According to a survey, the office market’s net absorption in the top-7 cities, including Mumbai, Bengaluru and Hyderabad, reached a three-year high of 38.25 million square feet in 2022. Moreover, the net absorption for 2022 has exceeded the five-year pre-pandemic average (2015-2019) by 3.1 per cent, demonstrating the robustness of the Indian office markets. Increased acceptance of hybrid models in 2022 has resulted in a huge upsurge in major cities for office space. According to a survey, the office market’s net absorption in the top-7 cities, including Mumbai, Bengaluru and Hyderabad, reached a three-year high of 38.25 million square feet in 2022. Moreover, the net absorption for 2022 has exceeded the five-year pre-pandemic average (2015-2019) by 3.1 per cent, demonstrating the robustness of the Indian office markets. Increase in NRI Investment Foreign and domestic investors are capitalising on this growth, particularly in their own cities, with millennials comprising roughly half of these investors. Not only commercial real estate but also ultra-luxury apartments and vacation homes have seen an increase in investor interest. The strengthening of the dollar against the rupee incentivises investors to enter the domestic market with enhanced purchasing power. Newer proptech platforms have contributed to this growing interest by revolutionising the real estate industry and enabling the seamless onboarding of individuals regardless of their geographical location. This will continue to attract non-resident Indians to India’s real estate market. Changes in Policy Environment Aside from this, various initiatives undertaken by the Indian government, such as investments in smart city projects and tax exemptions for housing loan interest, are anticipated to create lucrative business opportunities for industry investors in the country. By 2030, the demand for Grade-A premium office assets in India is projected to reach 1.2 billion square feet. This expansion is fuelled by various factors, including a high return on investment, increased NRI and FDI investment, and strengthened government initiatives. Increased Demand for Ultra-Luxury Units and Vacation Homes With rising household incomes and an increase in the number of Indians among the world’s wealthiest individuals, the ultra-luxury residential real estate market has been booming, with demand frequently exceeding supply. Even in markets such as Mumbai, Delhi, Bengaluru, and Kolkata which have historically had a healthy pipeline of such units, consumers are increasingly opting for projects with amenities comparable to those provided by international developers. This shift in consumption habits has prompted Indian real estate developers to launch new luxury housing projects that cater to this expanding group of domestic investors. Other key factors, such as India’s emergence as a global IT power, the growth of the e-commerce industry, etc., would result in a significant increase in demand for spaces such as data centres and sophisticated warehouses. Commercial spaces will increase in Tier-II and Tier-III cities in 2023, acting as a significant employment-creating catalyst. In 2022, the office, warehouse, residential, and retail real estate sectors collectively attracted private equity investments totalling $5.1 billion. This demonstrates the industry’s optimism regarding the sector’s growth. However, the developer community must look to achieve the same construction and design standards as developed nations. Increased focus on raising capital through additional channels, such as real estate investment trusts (REITs), attracting more Indians to actively invest in the country’s real estate economy. With REITs providing proportional ownership of income-generating real estate assets, more Indian developers will need to establish their own REITs, educate investors on their potential for long-term value creation, and seek more investments via this route. This will attract more foreign investment and leverage the country’s large population to establish a sustainable financing model that will propel the Indian real estate industry to new heights in 2023. Source: News 18 INDIA

How the Indian real estate sector drives the nation’s economy

3/24/2023 3:08:00 AM

While a lot of impetus is being given to developing India into a global manufacturing hub, the role of the domestic real estate sector in generating employment, adding real economic value, and its add-on effect on other industries is often overlooked. In fact, the real estate industry is the second-largest employment generator after agriculture and has been contributing about 11% to Gross Value Added (GVA) growth since 2011-12. A critical engine of growth and employment, with both forward and backward linkages, it is estimated that nearly 50% of India’s GDP is linked with the domestic real estate sector. Employing a large labour force in nation building Construction and allied activities absorb a large number of skilled and unskilled workforce, with many being employed from rural hinterlands where agriculture continues to remain the only source of employment. According to conservative estimates, nearly 70 million Indians are employed in the real estate sector as of 2022, with the overall sector slated to surpass the $1 trillion mark by 2030. What’s more, with the implementation of the RERA Act, sprucing up of labour laws, and a stark improvement in overall compliance, those engaged in the Indian real estate sector are benefiting from the large strides being made in recent years. Providing demand for key supplier and ancillary services industries With more than 270 allied industries being dependent on the real estate sector for business sustenance, this important sector has an important add-on effect along the entire supply chain. Key supplier industries like steel, cement, timber, and construction materials as well as ancillary services industries such as design, contracting, facility management, leasing & property consultancy are some prime examples. As activity in the real estate sector ramps up, there will be a wider positive multiplier effect on associated industries and those engaged in them. Driving rapid urbanization with critical housing and commercial infrastructure The rapid pace of urbanization has been a key driver of India’s economic growth over the past few decades, with urban centres such as Bengaluru, Mumbai, NCR, Pune, and Hyderabad attracting human and economic capital en masse. The real estate sector in conjunction with local governments, private developers, and infrastructure companies has played a key role in this transformation. With India slated to reap the benefits of its rich demographic dividend till at least 2050, the task of sustaining this rate of urbanization and creating the necessary infrastructure to support the country’s large young workforce will fall on the Indian real estate sector. Moreover, premiums, development and approval charges accruing from real estate related activity will continue to be a major revenue source for local government bodies and state governments, facilitating further socioeconomic development across the length and breadth of the country. Facilitating large foreign investment inflows that drive further growth With the real estate sector providing important infrastructure that remains pivotal to fuelling the Indian growth story, high-quality real estate projects and firms involved in their construction are attracting strategic and foreign investments in the country today. Capital inflows from marquee private equity (PE) firms and other foreign entities swelled to $24 billion between 2017 and 21, recording a 200% growth as compared to the preceding five-year period. Verticals such as warehousing, industrial parks, and data centres are also expected to give the Indian economy a much-needed boost as both domestic and international players rush to set up their distribution centres in the country today. An important asset class and source of wealth for millions of Indians As more Indians are deploying their savings into wealth creation avenues that can also significantly improve their lifestyle, both residential and commercial real estate are increasingly gaining precedence over other traditional asset classes like fixed deposits or gold. In fact, the real estate sector has traditionally been a major asset class and source of wealth creation for Indians, with new-age products such as REITs appealing to younger investors who are still not ready to buy their first home. The real estate sector remains a key source to channel savings for crores of Indian households, with recent improvements in the regulatory environment only adding to consumer confidence. Source: Financial Express INDIA

Key Indian property markets see 5-7% rise in housing prices in March quarter

3/4/2023 4:07:00 AM

Residential real estate has continued to witness firm growth in demand and conversion across India’s key property markets during the quarter ended March with a steady rise in prices. This also marks the fifth consecutive quarter of year-on-year growth in prices across all markets. Even in sequential terms, prices have either remained steady or grown across markets during the quarter. Prices have grown significantly across most markets led by Bengaluru, Mumbai, Chennai, and Hyderabad with 5-7% appreciation, showed data from Knight Frank India. The residential market has stepped into 2023 on a stable footing with the first quarter of the year registering sales of 79,126 units, up 1% from a year ago when home loan rates were at record low of 6.6% as against 9% now. Sales grew the most in the Hyderabad market at 19% from a year ago while slipping slightly in the larger markets of Mumbai and Bengaluru at 6% and 2%. “Given the cautious but optimistic sentiment in the market, we do not believe that home loan rates approaching 2019 levels (9.2%) will be enough to subdue market momentum significantly. The performance of the broader economy and homebuyer sentiment will have a greater bearing on market momentum in 2023 as it dictates homebuyer income levels and demands much more directly,” said Shishir Baijal, CMD, Knight Frank India. Consistent with the upward trend seen in the past three quarters, the share of sales in the Rs 1 crore and above ticket-size grew to 29% from 25% a year ago given the homebuyers’ need to upgrade to larger living spaces with better amenities. The share of home sales in the Rs 50 lakh to Rs 1 crore category also grew 38% from 35% a year ago. The share of the Rs 50 lakh and below ticket size, however, deteriorated from 41% a year ago to 32% during the quarter, as rising prices, higher interest rates and a comparatively more adverse impact of the pandemic on homebuyers in this segment continued to weigh on demand. “Rising interest rates have certainly impacted the sales of rate-sensitive segments of affordable and low-income group housing. The 2.5% increase in repo rate in a short span since last May has increased the homebuyers’ burden. Real estate industry has linkages with over 260 other sectors and therefore impacts the entire economy. We hope that the central bank will take cognizance of this in the upcoming policy meeting,” said Sandeep Runwal, President, NAREDCO – Maharashtra. Homebuyers have been more inclined to purchase ready or near-ready inventory to minimise completion risk earlier. However, the heightened demand over the past few quarters has depleted the inventory, and consumers are now increasingly willing to acquire newly launched properties at relatively lower prices. This is reflected in the average age of inventory decreasing to 16.7 quarters during the quarter from 16.9 quarters a year ago. The unsold inventory level has increased 6% from a year ago as fresh development activity has intensified. However, the Quarters to Sell (QTS) level has dropped to 7.2 quarters as of March end on the back of heightened sales, compared to 9.1 quarters a year ago. The QTS level represents the number of quarters required for the existing unsold inventory to be consumed at the current rate of sales. A reducing QTS level depicts a market where demand is gathering momentum. Mumbai recorded sales of 20,300 new homes during the quarter, highest among the top eight markets. While still robust, sales were lower 6% on-year when compared to a strong year ago period when impending metro cess implementation had also bolstered sales. Besides, Mumbai is the most unaffordable market in India and the recent spate of price increases and rate hikes will be felt more acutely here. However, launches have continued unabated with 9% rise. The prices rose 6% indicating the momentum in the market. The Delhi-NCR market witnessed stable demand as sales rose marginally 2% to 15,392 units, while launches rose 12% to 14,486 units. The prices have appreciated at a steady pace of 3%. In Bengaluru, average prices rose 7%, a testimonial to the underlying confidence of the market. The number of units sold reduced marginally by 2% to 13,390 units, while launches were second highest in the top 8 cities at 12,073 units, up 19%. The resilient Hyderabad market experienced substantial growth despite the rate hikes and concerns around economic slowdown as it saw 19% rise in sales at 8,300 units during the quarter. New launches rose 7% to 10,986 new units, while prices grew 5%. Source: The conomic Tmes

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