Thursday, 27 November 2014

Home Loan Jargon Explained

Here are a few technical terms that will enable a borrower to clearly understand the conditions and clauses connected with home loans:
Acceptance letter : Letter submitted by the borrower accepting the loan as per the terms mentioned in the sanction letter.
Advance EMI : Number of equated monthly installments in the form of post dated cheques, paid out in advance at the time of disbursement of loan.
Administrative fee : A onetime non-refundable fee, payable before the loan is disbursed. It typically ranges between one and two percent of the loan amount
Amortisation schedule : This gives details of the prin­cipal and interest payments and the amount outstanding at any given point during the amortization period. The period of time for which a bor­rower owes interest and prin­cipal to his lender is called the amortised period.
Annual rest : Here the EMIs are calculated on year­ly basis. The interest is cal­culated on the outstanding principal at the beginning of every year. Once the interest is calculated at the rate charged to the customer for the entire year it is deducted from the EMIs received dur­ing the year. The balance EMI is taken as principal re­paid during the year, and this is deducted from the opening balance of the principal of the current year to arrive at the opening balance of principal for the next year.
Appreciation: An in­crease in the value of a prop­erty due to changes in mar­ket conditions or for other reasons.
Asset: An immovable or movable property or any­thing with a rupee value that you own, which can be used as security against which credit can be offered.
Appraisal: A professional opinion of the current mar­ket value of a property.
Breach: Violation of any legal obligation is termed as breach.
Balloon loan : A loan that has a fixed rate of interest over a period of time. At the end of the balloon period, the borrower must refinance or pay off the remaining bal­ance.
Bounce charges : Charges levied by the housing finance company in case cheques submitted by the borrower get dishonored.
Collateral : Refers to an as­set that can be used to guar­antee the repayment of a loan. The borrower risks los­ing that asset pledged as col­lateral if he defaults on loan repayments.
Credit report : A report of an individual's credit history that is used by a lender to de­termine a loan applicant's creditworthiness.
Co-applicant : A co-appli­cant applies for the loan jointly with you. It is usually the spouse or parent, whose income can be clubbed with yours to enhance your loan eligibility.
Deed : A legal document used to transfer the owner­ship of a property.
Default : Failure to meet legal obligations in a con­tract, in this case, failure to make the monthly payments on a mortgage. If this hap­pens, the borrower can end up losing the property.
Down payment : Housing finance companies normally lend only 80-85 percent of the value of the property. The balance, known as down payment would have to be paid by the buyer, as a pay­ment before he draws the loan amount.
Eligibility : Amount that can be lent to you by the bank based on your repayment capacity. Your eligibility de­pends on the norms set by the bank and computation is based on any of the following : loan to value ratio, install­ment to income ratio or fixed obligation to income ratio.
Encumbrance certifi­cate : Contains details of transfer of ownership of a property in succession up to the current owner. It shows the date, the names of the parties involving the amount of consideration, the extent and schedule of the property. It can be procured from a sub-registrar's office for a fee.
Encroachment : An illegal intrusion onto someone else's property.
Equated monthly in­stallments (EMI) : Loan repay­ments are usually in equal monthly installments over the tenure of the loan.
Foreclosure : This is a le­gal process by which the lender or the seller forces a sale of a mortgaged property because the borrower has not met the terms of the mort­gage. This is a measure for repossession of prop­erty if the borrower is un­able to keep up his financial commitments.
Fixed rate of interest : An option where the rate of interest remains fixed over the tenure of the loan unless there are some clauses added. It is an ideal alterna­tive in situations when you expect the rates of interest to go northwards.
Guarantee : A guarantee is an assurance by someone to pay a debt contracted by another if the original party fails to pay according to a contract.
Income to installment ratio : Used to compute loan eligibility, this ratio signifies the percentage of the income that can be set aside for re­payment of the loan under the assumption that around 50 percent of the income is required by the person for his own sustenance.
Interest rate : Rate at which the lenders charge interest for the loan amount.
Insurance for property : The insurance company pro­tects the insured property against specified losses, such as fire, windstorm and floods.
IRR : Internal rate of re­turn is the rate at which the lender accounts for interest.
License for construc­tion : It is the permission in writing to construct that is issued along with the loan ap­plication.
Lien: A legal claim against a property.
Lease : Contract by which the owner of an asset lets it out for use to another for a specified time on payment of a specified amount called rental.
Loan to value ratio : The relationship between the amount of a loan and the ap­praised value of the property, expressed as a percentage of the value.
Margin money : The dif­ference in the total cost of the property and the loan amount sanctioned is termed margin amount. This money has to be invested by the bor­rower even before the loan amount is released.
Market value : Value of the property in accordance to the prevailing market rates.
Monthly rests : Here the balance amount is calculated on monthly basis. The EMI is broken up every month to arrive at the opening balance of the principal for the next month.
Mortgage: A legal document that pledges a property to the lender as security for payment of a debt.
Penal interest : Penalty in the form of interest charged on installments if it is not received as per the repay­ment terms by the end of the month.
Power of attorney : The power you can give a speci­fied person or persons to act for on your behalf. The per­son who is so represented is called principal. The person who is so authorized to do or represent is called agent.
Pre EMI : Monthly repay­ments to the bank in the form of EMI for the loan will begin only after the loan has been disbursed in full. Till such time the borrower has to pay interest for the loan amount disbursed. This amount of interest payable every month is called pre-EMI.
Prepayment: If a borrow­er has surplus funds he can pay back the loan ei­ther in parts or in full. This is called prepayment. Some banks charge a pre-payment penalty while others have a cap on the number of times that a person can prepay his loan amount during a finan­cial year.
Pre-payment penalty : This additional fee is charged by most banks in case the borrower decides to pre-pay the loan before the tenure is over.
Refinancing : The deci­sion to switch your loan from one lending institution to another is called refinanc­ing. People generally tend to switch when another lender charges a much lesser interest rate.
Registration Value : This is the value of the property at which the property is registered.
Sale deed : An agreement in writing which transfers the ownership of the proper­ty in exchange for a price paid. It is imperative that this document is registered.
Sanction letter : On ap­proval of the loan communi­cation is sent by the lender to the borrower. This letter con­veys the sanction terms and conditions.
Survey : The determina­tion of the exact boundaries and location of a property.
Tenure of loan : Number of years for which the loan is given.
Title: The right and inter­est over the property evi­dencing ownership. A ti­tle deed is a statement, which confirms that the current owner legally holds title to the property.
Valuation : Valuation is a professional assessment of the property's value, which is required by the lender.
Underwriting: The process of evaluating a loan application to determine if the loan is acceptable to the lender.

Wednesday, 26 November 2014

Role of Concrete in Building Constructions

 Role of Concrete in Building Constructions
Innovation seems to be leading the way when it comes to usage of construction material. New materials and methods are changing the way we perceive the industry. There are already such innovative materials in use.

Aggregates used in making concrete are either naturally occurring or produced from stone crushers. As natural sources are fast depleting, there is a need to produce aggregates of high quality to make concrete which is durable in all conditions.
Conventional stone crushers tend to produce flaky and elongated aggregates. These are mostly two-stage and three-stage crushing plants. Conventional crushers cannot produce crushed stone of required near cubical shape. The solution can be found in a Vertical Shaft Impact (VSI) crusher as it produces cubical crushed stones, ideal for self-compacting concrete. The greatest use of this crusher is its ability to produce manufactured sand.

Self compacting concrete(SCC) is an advanced type of concrete that can flow through intricate geometrical configurations under its own mass without vibration or segregation. It is made with the same materials which are used for making normal concrete except for high powder content (fly ash or slag along with cement) and use of hyper plasticisers for making flowing concrete.  It has proved beneficial economically because of following reasons :

› Faster construction
› Reduction in site power
› Better surface finishes
› Easier placing
› Improved durability
› Greater freedom in design
› Thinner and complicated section
› Improved working environment at a construction site by reducing noise pollution.

Proper curing is essential in producing acceptable concrete performance. This affects both mechanical properties and durability characteristics, and reduces volume changes due to shrinkage. A truly effective curing approach requires two components : Prevents loss of moisture through evaporation. Supplies additional water for continued hydration. Excessive evaporation from concrete surface must be avoided.  This is done by using curing compounds.  There are two types of curing compounds viz., wax based and resin based. Liquid membrane-forming compounds are suitable for application to concrete surfaces to reduce the loss of water during the early hardening period.
White-pigmented membrane-forming compounds serve the additional purpose of  reducing the temperature rise in concrete exposed to radiation from the sun.  curing compounds are used extensively in large areas such as concrete pavements, canal lining etc.

You might think hat concrete is a boring material. Not at all. You can now find concrete that bends like metal and which is five times as strong as regular concrete without any reinforcing steel bars. Or you can use concrete which doesn't need a vibration machine to remove the air bubbles inside, which can save loss of time during construction.
There are also translucent concrete or concrete incorporating transparent elements, allowing to build floors lit from below. And by adding titanium dioxide to cement, you obtain a self-cleaning concrete that remains the same colour for centuries and can even clean the air by breaking down dangerous pollutants.

Ultra-high performance, fibre reinforced concrete (UHPFRC) is a revolutionary material that offers superior strength, durability, ductility and aesthetic design flexibility. It is significantly stronger than conventional concrete.  Available in a range of colours, it is extremely moldable and replicates form materials with great precision. By utilizing Ductal's combination of superior properties, designers can create thinner sections and longer spans that are lighter, more graceful and innovative in geometry and form, while providing improved durability and impermeability against corrosion, abrasion and impact.

Studying the nano structure of concrete could help reduce carbon dioxide (CO2) emissions during its manufacture, according to work by engineers at the Massachusetts Institute of Technology (MIT).
Around 2.35 billion tons of concrete are produced each year and producing cement, the main component of concrete, accounts for five-ten per cent of the world's total CO2 emissions – an important contribution to global warming.
Franz-Josef Ulm and Georgios Constantinides of MIT have found that concrete is strong, thanks to the way in which the nanoparticles are organised.
“If everything depends on the organizational structure of the nanoparticles that make up concrete, rather than on the material itself, we can conceivably replace it with a material that has concrete's other characteristics – strength, durability, mass availability and low cost – but does not release as much CO2 into the atmosphere during manufacture,” explains Ulm.

Tuesday, 25 November 2014

Builders and Developers are hiking the prices to lure the Buyers

 Builders and Developers are hiking the prices to lure the Buyers
Although property sale has not picked up, Developers are jacking up the prices to lure Buyers, who are dithering to buy a flat.
As per the, the Real Estate brokerage firm’s report, in the last three month (August to October), the property rates have gone up almost by 6% while in April to July, the property rates were increased only by 4%.
They had analysed the prices of 100 projects to come to this conclusion. They observed that 35% of the projects did not witness any price change. The 44% project witnesses 10% appreciation, 15% project registered 10% to 20% price rise while 6% projects saw 20% to 30% price appreciation. Only 1% projects witnesses a 40% price rise.
The Developers are mainly hiking rates in projects which are ready to move in. “and such ready possession inventory is very low in the market. Buyers need not pay both EMI and rent”.
Saying that the Developers have a command over the prices of ready flats, the Buyers can get a good rate in the prelaunch stage. Once the Developer gets all the approvals for the building, he starts hiking the prices. So, most of the price rise happens between the prelaunch and launch only.
According to the Real Estate Expert, the increasing property price is the Developer’s strategy to attract Buyers sitting on the fence waiting for prices to drop.
Many Buyers are in two minds about buying a house. If realty prices raises, a Buyer thinks it would again increase in future. So, instead of dilly-dallying, he decides to buy the house right away. It is only psychological and the Developers use every trick to woo Buyers.
A significant price rise has been recorded in the Western suburbs such as Vile Parle, Kandivli, Goregaon, Borivli, Santacruz, Andheri, Malad, Ghodbunder Road in Thane, Dombivli and Nerul in Navi Mumbai.
According to the President of Confederation of Real Estate Developers Association ofIndia (CREDAI), a Developer has another reason to increase property rates. The input cost has gone up by almost 40% in the last one year.

Apart from taxes, the prices of diesel, cement and steel have increased. In the last two years, the labour cost has gone up by almost 100%. The fungible FSI has increased almost 15% project cost in Mumbai. They have to recover from the Buyers, by raising the cost of the project.

Wednesday, 19 November 2014

Insurance cover for home loans

 Insurance cover for home loans
If one is anxious about the repayment of their home loan in case of something unfortunate happening to them before the loan is paid, or if they are worrying that their family will be made liable for repayment if they pass away, they can now rest their anxious mind, as there is a way. Those Borrowers, who have taken large loans, can get home loan insurance cover for just a small monthly premium so that the outstanding loan gets repaid in case the borrower passes away during the loan term.
Those Borrowers, who have sufficient alternate sources of income, other investments or savings to help them in a time of crisis, cannot avail of this insurance cover. This cover is only meant for those who do not possess any other source of money. Availing of this insurance cover will give them insurance and freedom from anxiety by paying a small premium.
Certain lenders offer free home loan cover while some have tie-up with a life Insurance Company. Negotiated group rates are usually offered by such plans. If the premium amount is put together with the EMI, it is simpler to make repayments. Should the Borrower make up his mind to make a one-time payment for the insurance cover, that amount and EMIs will be calculated on the total sum.
The premium for the cover depends on four things-loan amount, tenure, age and health of the borrower. If the amount is high the premium will be higher, and if the tenure of the loan is long the premium will be on the higher side. Borrowers, who are younger, will have to pay lower premiums, while those who are older will have to pay higher ones. Those, who have ailments like a heart disease or blood pressure, will have to pay more premium than those who are in good health.
Some Borrowers, prepay their loan ahead of the tenure for example in eight years approximately. If they have paid the insurance premium for the whole tenure of the loan, they may get a refund. They should find out whether the Company will give them a refund on the excess amount that they have paid.
Banks that insure home loans now offer exclusive home insurance plans with many benefits. If it is a joint loan one will have to take out two policies in the names of the Joint Applicants and amount for the premium would be double. If any one of the Applicant dies, the Insurance Company would take over the loan.
If one pays the life insurance premium they are entitled for deduction according to Section 80C. When the premium is clubbed with their Equated Monthly Installments (EMI) payments the principal payments will still get a deduction under Section 80C and the interest payments will get a deduction under Section 24. A Borrower’s taxable income can be brought down by that amount.
This loan cover policy is only a risk cover. It provides a lump sum on the Borrowers’ death during the loan tenure. This will be a decreasing percentage of the initial sum assured and will get less with the passage of time. As it is only a risk cover plan, paid if he/she survives up to the end of the term of the policy.

Therefore, considering all these provisions it is good to avail of this exigencies which may occur and they may have no control. It will give a much-needed security to their family as well.

more details,

Monday, 17 November 2014

Use Of New Technologies In Modern Buildings

 modren buildings
The Indian economy is on the upward path and construction is one of the sectors where the brisk activity was going on just before the economic recession. Besides public infrastructure there is plenty of action on the way where new residential, commercial, industrial and institutional building complexes are under construction.
Traditionally builders have had to deal with many vendors and agencies for the coordination of different facets and technologies and the buildings and infrastructure then may have played just a peripheral part but it is no longer so. The traditional areas of focus have been material, quality, aesthetics, ergonomics and so on. The property developers are now vital to productivity, performance and efficiency of any organization. 
It is not surprising that today buildings are not looked at as brick and mortar edifices but as vital feature in improving the organizational productivity and to improve parameters such as comfort, efficiency, productivity etc. The improvement of these factors through various innovations will continuously lead to trends in the sector with corporate sector doing its best to boost competitiveness, productivity and sustainable functioning. The recent legislation for FDI in the construction sector will improve standards of construction to a greater extent.
Today majority of the office buildings are patterned to make a good work environment through good atmosphere, facilities for recreation such as gyms, sports etc. Nothing is too much for companies to do for maximizing the output from people, their human resources. Apart from giving comfortable and conducive surroundings, buildings are being made according to ‘resource efficiency’ for main parameters such as power and water consumption not only from a commercial point of view but also from the point of view of conserving the resources and the environment. Half of the energy used in a building is dedicated to create artificial indoor climate for cooling, ventilation and lighting. There is a continual focus on making ‘per person consumption of power’ as little as possible through technology and best practices. The focus is on choice of equipment, like chillers, motors, drives etc, using atmospheric conditions wherever possible, engaging energy and space efficient products, putting in sensor base ‘light’ management, engaging sophisticated Building Management Systems (BMS) to supervise key parameters like temperature and light. It needs a reliable power supply, proper lighting, comfort cooling, dust free area and security which will contribute towards making a conductive environment for work.
Things like ambience, comfort and experience are utilized to draw clients by using air conditioning, lighting, music, design and layout and some high-tech features. There is an integration of security, safety and fire protection to give detailed and incorporated building management systems.
Another sector in which the part played by building systems is always growing is leisure, recreation and entertainment. Shops have evolved into malls, multiplexes have sprung up from theatres and sports complexes and fitness centres are springing up in metros all over the land.
In many cases the changing part played by buildings can be seen. For example, in IT and Biotech Parks, R&D centres, call centres, etc these developments  have come up very fast. Such service driven businesses in which the productivity of the organization is closely connected with the productivity of the people and their habitation are coming up. 
The life span of a building begins from the stage of design, goes on to construction, operation, upkeep, renovation and in the end either leads to reuse or pulling down. People rarely realize that ‘initial building costs’ only make up around two per cent of the full life cycle expense of a property. The operations and maintenance make up another six per cent of the cost of a building’s life cycle and the remaining 92 per cent is attributable to costs associated with people.
There are greater demands in housing and residential complexes in design, aesthetic, comfort, lighting, energy efficiency and security. Inventive engineering and design, more efficient products, added solutions for electrics, heat and light, communications, etc for increasingly advanced management and control systems for buildings are required. The architecture also counts for the performance and efficiency such as heat load reduction, glazing, and space saving design and natural ventilation and lighting.
An integrated approach to provide a ‘single window’ offering platform for adoption and maintenance of electrical installations, fire protection, building automation and ,operation, maintenance and asset management services would be of great help to consumers.

property for rent in Bangalore, apartments, flats, villas, villa house
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Friday, 14 November 2014

Registration Procedure for attending at Private Residence

 Registration Procedure.jpg
Karnataka Registration Rules 1965 has formulated procedure for attendance of the registering officer at Private residence. The relevant rules are detailed in chapter 10 and under Rule Nos. 56 to 32. Any application for attendance at private residence shall be in writing and has to be signed by the person who requests the attendance at his residence shall be in writing and has to be signed by the person who requests the attendance at his residence.
Such letter may be presented by any person to the registering officer. The request has to be complied with as early as possible. If such attendance at private residence disturbs the regular routine of the office or requires closure of office and if the case does not fall under section 31 of the Indian Registration Act, a commission may be issued, which means another person other than the registering officer may be requested to attend the private residence and complete the registration formalities.
The attendance of sub-registrar at private residence or issuing commission has to be reported to the registrar within 24 hours. The Sub-registrar shall not proceed out of his sub district for this purpose, but registrar may attend the private residence situated in his district though it may not be situated within the sub district under his immediate charge.
The commissioner appointed to attend the private residence will give evidence and the registering officer will examine the commissioner personally in his office connected with discharge of his commission and voluntary nature of admission of execution.
During the course of attendance if the registering authority has to record the admission or execution of persons not exempted from personal appearance in respect of the same document executed by a person exempted from personal appearance, the registering authority may comply with the request provided attendance fee is levied.
Section 88 of the Act refers to documents, which are executed by Government officers or certain public functionaries who are exempted from personal appearance. Any officer of the government, any administrator general, official trustee or official assignee, the sheriff, receiver or registrar of High Court, any holder of such other Court, any holder of such other public office as is notified in the official Gazette of the State government are exempt from personal appearance or through their agents in connection with registration of any instrument executed by them or any document executed in their favour in their official capacity. They are also exempted from signing the document for admitting the execution as required under section 58 of the Act.
When documents are forwarded by government officer with a covering letter stating that documents executed by him be registered, the covering letter will be sufficient to satisfy the genuineness of the signature of the executants. If such document is presented by a private party, who is also a party to the document, the  registering authority will satisfy as to the genuineness of the signature by a brief enquiry. The fact of exemption from personal appearance and presentation of the document by covering letter will be endorsed.
Certain category of documents like copies or orders, certificates and instruments need not be presented for registration but may be sent to the registering office for filing as per section 89 of the Act. In the following cases, copies have to be forwarded to the Jurisdictional registering officer under whose jurisdiction the immovable property in question is situated:

(A) Every officer granting a loan under Land Improvement Loans Act 1883. Every court granting a certificate of sale of immovable property under Civil Procedure Code, 1908.

(B) In case of loans under Land Improvement Loans Act 1883, details of the land to be granted as collateral security.

(C) Every officer granting loan under Agriculturists Loan Act 1884 has to forward, a copy of the document whereby the immovable property is mortgaged to secure repayment of the loan and a copy of such order.

State Government has made rules as to the mode of making copies and manner of filing copies.

Thursday, 13 November 2014

Healthy interiors for Pollution Free Homes

 environment house.jpg
Pollution continues to be a relevant issue even today as we turn our attention to the indoor variety. Indoor air is now more polluted than before because of substances such as moulds, mildews, allergens, odours, cooking oil fumes, some building materials and furnishings, household products and pollutants from outdoors that stay in the atmosphere such as carbon monoxide. If we want the air inside our house to be purer, we should know what to avoid.
Volatile components are emitted into the air from certain building materials that give rise to allergies, eye irritation and breathing problems. These VOCs (Volatile organic compounds) or poisonous pollutants such as formalde-hyde, benzene and trichloromethylene are present in products that we commonly use.
When you select paints for your house you should be aware of the facts. Paints were earlier made from solvents based on petroleum. Paints with low VOCs are made today by using water as a solvent. As they have reduced off fassing (emitting of toxins) these paints lead to healthy interiors.
Before you decide on the chouce of wooden boards you use, check the adhesive used. Boards such as plywood, particle boards and medium density boards quite frequently utilize formaldehyde based resins to hold hyde based resins to hold together the wood components. When the fumes of this VOC touch the eyes, the eyes will water.
It is advisable not to have wall to wall carpets in homes, as they are filled with allergens. Bacteria, mould, mildew, dust mites and animal hairs are found in them. If you muse use them, you should have regular and thorough professional cleaning done for them. Smaller carpets are easier to clean and so are to be preferred. Cotton carpets are easier to clean than those of wool and synthetic fibres.
Cotton furnishings are easier to clean and maintain considerably reducing the problem of dust allergens. Furnishings that can be washed and dried are better than ones which can only be dry cleaned. Short term allergies can often be caused by chemicals given off from dry cleaned articles.
Lacks of ventilation is also a major cause for unhealthy interiors. Natural ventilation is helped by good placement of doors and windows. Cool air usually comes in through windows facing south and east. Cross ventilation is facilitated by having large windows on one side of the house with smaller openings on the other side.
Mesh screens should be used if opening doors and windows is difficult on account of mosquitoes. Shutters or doors that are louvred help in ventilating air. Bathrooms and kitchens should be fitted with exhaust fans and kitchens could even have electric chimneys. For circulation of air it is good to have electric fans. Frequent cleaning of air conditioners improves the air quality.
The quality of indoor air becomes better through the presence of plants in the room. Studies undertaken all over the world testify that plants act as strong air purifiers. According to some studies, specific VOCs can be combated by certain specific plants. Spider plants, philodendron species, Boston ivy and rubber plants are good purifiers on the whole.
The wet top soil should not contain any moulds and water must be emptied from the plate regularly so that mosquitoes don't breed. Leaves should be wiped or washed regularly to keep them free of dust. Organic pesticides like neem cakes are preferable to chemicals. If you desire to have healthy interiors try to use natural materials as furnishings and accessories in order to keep your selection'green'.

Wednesday, 12 November 2014

Tips on purchase of immovable property

 immovable property.jpg

A person requiring, selecting and investing money in purchase of an immovable property either for his self-occupation as House or for investment purpose or both, has to look into various aspects involved in the purchase of an immovable property.

•  Civic amenities like park, school, police station, temples, community hall, hospitals, auditorium, should be available in that locality.
•   Better road facilities will save more time to reach the place of work in time, though the location of the residence is far off.
•   Generally, persons prefer to spend more time in their residences for rest, sleep and family interactions after their work. The location for the residential house should be free from air pollution and noise. Good environments including natural light and good ventilation will be an added advantage for health point of view.
•   The residential area should not be located on the main roads, high-ways, heavy traffic flow. It should not be near the area of high tension wire. It should be preferably away from the railway line to avoid noise, away from burial ground, graveyard, or burning ghat or cremation centre. Besides, the location should not be in any low lying area to avoid water logging and inundation of water in case of torrential of water in case of torrential rains etc. also, it should be away from the lake, water tank, drainage and sewage water storing areas.
•   The land should not be filled up clay soil and not prone to land-sliding. Availability of water supply, power supply, ground water and sanitary line should be ensured.

Belief in Vaastu concept varies from person to person. Better select an immovable property as per the Vaastu Shastra. This may yield good resale value, if decided later. Equally important is the selection of a rectangle or square site and direction wise, better to select North and East, as generally people do so.

In the sky-rocketing real estate price both in urban and suburban areas and mushroom growth of apartment culture in and around Cities, being sold at exorbitant price, nowadays, a person may not afford to purchase a good property at a reasonable rate. It is always advisable to select a property to suit their budget, otherwise they have to face a lot of problems and their income will go to repayment of the principal and the interest only. Nowadays, Bank finance/loan is easily available for long term i.e., 15 to 20 years subject to fulfilling their terms and conditions. Instead of purchasing 30 x 40’ site with Ground + 2 upper floors, a person can purchase 60 ‘ x 40’ site and construct only ground floor with further provisions to construct additional floors suiting to their requirement and budget at later stage.
Instead of purchasing an immovable property in an isolated area, it is better to select it an area having good road facility and public transport system which would be convenient for up and own traveling to work’s spot and back home and also helpful for the school going children. If you purchase a property in an isolated area, it is dangerous to lead life.

Buying a property with complicated title is like ‘paying the money and buying a headache’. Anybody offers a property at a cheaper rate than a market value, you should be very careful. Generally, the Owner of Property with complicated title, either himself or through his Agents/brokers pesters to buy his property at a cheaper rate at short notice. It is not advisable to purchase any property in a hurried manner. It is always better to subject all the documents shown to rigorous scrutiny, verification and seeking Expert’s opinion to ensure marketable title of the immovable property. In the process, proper and reasonable time need to be given for Legal Scrutiny and opinion. Upon such advices by Advocates, further efforts should be made to verify various records in the concerned Government Departments.

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Tuesday, 11 November 2014

An article about " Maintenance of Buildings "

It is every one's dream to have a house of his liking. But it needs proper planning from the initial stage itselfThe residential accommodation can be of various types viz. Independent buildings, Row housing. Multistoried apartments (Medium rise or high rise), Villas etc.

The correct approach is to bestow attention to details at the planning and design stage. These should take into account proper orientation to have full benefit of natural daylight, adequate natural ventilation, soil analysis and treatment for termites, adequate plinth height and slope to allow for satisfactory sewage and waste water flow from the premises to the municipal mains, provision for installation of solar water heaters and solar cookers as part of energy conservation, use of energy efficient construction materials, easy maintainability, economy, aesthetics, facility for extension/modification, facility for old people and physically handicapped persons, environmental improvement and economy. The buildings should confirm to the statutory regulations with regard to setbacks, clearances, FAR/FSI etc.
In recent times emphasis is laid on Vastu aspect also. The interior furnishing should be done with ergonomic aspects in view, proper selection of colours for wall paint and drapery effective carpeting. The exterior should include the right type of plants, trees and lawns.

Some of the factors mentioned below are with reference to multistoried buildings,apartments and clusters of interconnected buildings. The buildings and associated services should keep safety as one of the fundamental considerations. This includes, among other things, proper approach, slope, correct width, tread and rise of staircase steps, elevators of proper rating, emergency staircase, proper illumination for stairways and corridors, marking of exit routes in case of fire/other hazards, non-skid flooring for kitchen and bath areas, use of BIS marked materials and fittings and fixtures, use of fire-resistant and eco-friendly materials, provision of standby power supply for elevators and water pumpsets,  staircase and corridor lighting, fire detection and alarm system, proper storage of garbage, parapet walls/barricades in terrace area and emergency first aid facility.

Properand timely maintenance is the key to long life, good appearance, comfortable living and safety. This also assures good market value for the property. The maintenance of buildings includes periodic window cleaning, repainting of internal and external surfaces, painting/polishing of doors, windows and ventilators, lubrication of rolling shutters and other metal doors, floor polishing, cleaning of pipes and storm water drains, cleaning of tanks, fumigation/extermination/pest control, checking of electrical installation including and recalibration of safe trip mechanism and burglar alarm system, checking plumbing system for leaks in walls/roof and taking corrective measures.
The maintenance should cover not only the internal areas but also the external surroundings. In the case of multistorey apartments and clusters of buildings, attention should be paid to the common areas and common utilities like elevators, water storage tanks (underground and overhead) and pumps, standby power supply plant, lawns, garbage disposal area, playground, etc. This is normally taken care of by a committee set up by the association of apartment owners.
Following are some suggestions to help to have a safe, comfortable and trouble-free dwelling place:

• Have the building plan approved by the statutory authority and adhere to the Regulations.
• Entrust the design work to a competent designer.
• Get the work executed by a suitable person with proper licence.
•Draw out contract specifications clearly to avoid disputes at a later date.
• Inspect the materials and workmanship periodically during execution to ensure adherence to specifications.
• Insist on proper safety precautions to be taken by the persons engaged in the construction and maintenance and repair jobs.
• Do not allow engagement of child labour in the works.
• Use only three-pin sockets and plugs of correct rating for use of all appliances.
• Never allow use of bare wires without pins for taking electrical connections.
• Use only approved brand fittings for electrical, plumbing and sanitary works.
• Get weather proofing done only by reputed specialist agency and get written warranty.
• Use rubber mats for work with electrical appliances.
• Proper heights should be considered for mounting of electrical outlets and bolts and fasteners to avoid access by children.
• Use energy efficient light fittings and supplement it with job lighting wherever required.
• Make sure of proper earthing for the entire electrical installation.

A thing of beauty is a joy for ever. Art pieces when judiciously selected and placed in apt places and in proper way in home interiors, brings out the best of not only the ambience but also the mental thinking of the people owning the place.
Wise selection of artwork and their aesthetic placement go a long way in enhancing the mood and atmosphere of the rooms and hall where they are placed.
An interesting way of decorating your home is to hang up artwork first and work your décor around it. It creates an aura for your space giving it greater depth and a definite ambience, and also makes it a great place for good conversation.
However, placing art in the right places and ensuring that it is visible is possible only if you stick to certain design parameters. These include the frames, placement and spacing, height from where it hangs, the colour of the wall on which it is hung, the furnishings, fabrics and accessories used in that particular room.

Individual pieces should be placed in such a way that the centre of the piece is at eye level. When hanging a group of photos, prints, or paintings, try to figure out the layout to get it ideal before you start hanging them the wall. In a room where you generally sit down (a dining room, family room, or office), hang pictures a bit lower, so they can be enjoyed at a lower viewing angle.
You need to relate artwork to the furniture below it. A large framed piece over a sofa or side-board relates more easily when it is hung so that the bottom of the frame is positioned 6 to 12 inches above the top of the sofa back or tabletop.
While working with a group of pictures or objects to be hung on a wall, think of the grouping as one large picture and relate the bottom of the entire group to the furniture underneath it.

Take a look at your collection – does it consist works by favorite artists, a collection of mementoes in shadowboxes from personal experience or family history, a portrait gallery of family members, or a mix of all these styles?
While displaying artwork in a particular room, stick to one of these so that the room does not resemble a confused clutter of mismatched art pieces. The paint colour should complement the artwork. Before choosing room décor, such as wood wall décor, ensure that you have selected the best wall colour that will complement the art.

If your art is themed around the vintage look and has a feel of nostalgia to it, then include things which can help enhance the feeling of nostalgic style. Include vintage signs, vintage linens and furniture.
While selecting your decorative piece, however if you want to be certain they are in keeping with the interior design theme and also have some aspects, then co-ordinate them with each other.
To add softness in addition to enhancing your décor, decorative pillows can be a refreshing choice. Further, the perfect knickknacks to balance your interior decorating scheme can be fun and also help pull the room together.
Having art decor art nouveau clock, lamps and vases on shelves, mantles, and table and geometrically shaped knic-Knacks on shelves can help to create this look.

Galleries and museums maintain a controlled environment so that light and humidity do not damage their artworks. Each piece in your home gallery is just as important.
Art is the best appreciated when hung at average eye level, but again it depends on the piece. It is best to keep the gallery free and airy, with maybe low settees in the  middle. The art should be the focus.

As for light fixtures, do not have overtly bright ones like fluorescent lighting which can be dangerous for the print. You must be able to discern how light-sensitive and having natural light stream-in into 'safe' areas will add to the general ambience.Avoid spots where your artwork will be exposed todirect sunlight.