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Industrial chic emerged in the late 70s when old industrial establishments built in the late 19th and 20th centuries were transformed into residential spaces. As time passed by, the raw appeal of these unfinished interiors caught top residential architect’s fancy.
With the arrival of the 21st century, industrial-chic was elevated to become a coveted design aesthetic that was characterized by expansive open spaces, edgy décor, and sparse functional furniture.
Want to give your home a minimal makeover that makes a statement? Here are 5 elements that are quintessentially industrial that will give your home an industrial chic upgrade in a jiffy.
Achieve the stripped-down look with minimal furniture crafted out of wood and metal. Wood that features a beautiful grain pattern that is enhanced with a rich stain brings out the natural beauty of wood.
When it comes to the metal, instead of going for the run-of-the-mill chrome finish, look for –
You can introduce these metallic elements in the guise of furniture, bathroom & kitchen fixtures, decor pieces, chandelier, doors and windows.
Save yourself some cash and skip the wall putty. Exposed bricks exude a no-frills, gritty charm that’s very distinct to industrial-chic interiors. If your walls are already plastered, then consider using faux brick wall stickers to achieve the look.
When it comes to the color palette of an industrial-inspired home, it is best to stick to neutral, muted tones. Some of the best colors that exude the charm of industrial chic are –
Industrial palettes have a rustic appeal to them that miles away from pastels and bright colors. However, if you are a fan of softer hues then consider introducing pops of color and pastels to bring out the beauty of contrast.
Concrete is an integral element of industrial chic that has a stellar impact. Replace polished granite or marble counter-tops with rustic concrete for an uber-cool look. Concrete floors are also on the rise. The coolness of concrete is often juxtaposed against plush leather or faux fur to create a stunning impact. You can also take baby steps with DIY concrete décor elements like
An industrial-chic space is incomplete without the addition of statement lights. Some of the trendiest lighting fixtures to look into are –
Pipe chandeliers: Pipe chandeliers fuse the minimal, no-fuss ideology of the industrial style with the opulence of classic chandeliers to create magical, modern lighting that will have your guests in awe. They look fantastic over your dining area and in the middle of your living room. Smaller sizes are ideal for the bedroom.
Wire cages: Wire cage light fixtures add a vintage allure to your living space. If a bold chandelier is not quite your thing, then a collection of a few wire cages can create a quirky look for your home.
Edison bulb ceiling lights: Swap out the boring tubes with light fixtures that keep the beauty of vintage Edison bulbs bare.
If you are a fan of clutter-free, modern interiors that looks uber-stylish with little upkeep, then industrial chic is your best bet. If you want to give your home a magazine-worthy makeover then consider the top interior designers in Gurgaon to do the job.
A gift of a property that is valid and accepted by a donee, cannot be revoked by the donor, except under certain special circumstances. Colonelz is the best residential architecture firms among all the firms. We look at the cases where a revocation is possible. Often, several parents additionally transfer their properties to their youngsters because of numerous reasons. After the property is presented to their youngsters, the promise that they shall be taken care of by the transferee, is not always fulfilled. In such situations, the parents are put in a very difficult situation.
Facts of case
Colonelz provides the residential architectural services with all the beneficiary objectives. When the widowed father of a Mumbai-based person wanted to get remarried, the son insisted and made the father gift half of the rights in the property owned by the father to the son, to safeguard his interest in the property. The son and daughter-in-law were willing to maintain and support the father but not the stepmother, which was not acceptable to the father. So, the father wanted the gift of half of the property, made in favour of his son, to be cancelled. He, therefore, approached the tribunal appointed under the provisions of ‘The Maintenance and Welfare of Parents and Senior Citizens Act, 2007’.
Gifts are governed by the Indian Contract Act, 1872. The law provides that any gift that is made and accepted by the donee, is final and cannot be revoked later on. So, if all the conditions of a valid gift are present, the same cannot be annulled by the donor later on, except on the ground that the consent of the donor was obtained by fraud, undue influence or coercion. The Supreme Court has held many times that a gift once validly made, cannot be cancelled later on, under any circumstances.
“After the commencement of this Act to the several senior citizens, has transferred by way of gift or otherwise, his property, subject to the condition that the transferee shall provide the fundamental amenities and basic physical must the transferred and such transferee refuses or fails to supply such amenities and physical desires, the said transfer of property shall be deemed to possess been created by coercion or underneath undue influence and shall as declared void by the court.”
As Section 23 of The Maintenance Act specifically provides that where the property has been gifted on the understanding that the transferee child/legal heir shall provide the basic needs and maintain the senior citizen or parent, any failure on the part of the child to honour such promise made, is tantamount to fraud. As the provisions of The Maintenance and Welfare of Parents and Senior Citizens Act, 2007 override the provisions of any other law in force in India, Section 23 will prevail and in such instances, the gifts/transfer of property that is made after coming into force of The Maintenance Act, becomes voidable at the option of the transferee. However, if the property had been transferred before The Maintenance Act came into force; it would be difficult for the parents to get the property back from their children.
Vastu Shastra can be extremely useful during the construction of a new house. Despite some misconceptions, Vastu is not beyond reason. These construction guidelines from the Indian subcontinent can aid you with several decisions. Choosing the right colors for the house is one of them. Since colors have the power to dictate our moods, they are not a trivial factor during construction activities.
How to choose the best colors for your home
Since the Vastu system puts a heavy emphasis on directions, decisions about color are also influenced by this factor. For instance, the color Light-Blue is well suited for the North-East direction. Furthermore, these directional considerations aren’t baseless. To explain this point further, let’s consider an example. The North-West direction is closely linked with air. Thus, the colors best suited there are Light-Grey and Cream. Planetary considerations also come into play when you think of how to select the right color for your home. To give you an idea of how these planetary considerations work, ponder over this example. As Jupiter represents the North-East direction, the colors that best enhance that part of the house are shades of Yellow and Cream.
If the laws detailed above are painting a murky picture in your mind, do not give hope. The following segment of our discussions will make it crystal clear how to select the right color for your home.
Guidelines about different parts of the house
When you know how to choose the best colors for your home, you can also synchronize your vision with the architecture companies in Gurgaon. Here’s a room-by-room layout that you should follow:-
The takeaway is that Vastu can be a great tool in your arsenal during the construction or renovation of your house. It can help you enjoy a pleasant and lively stay at your home. Thus, make sure that you tie-up well in advance with architecture companies in Gurgaon to avoid any last-minute quips.
Have you ever pondered that there is an overwhelming contribution of light & colour in every design, painting or art work? Managing the amount and type of light, itself is a field of study. There are many different reasons why one wants or needs to control the amount of sunlight that is admitted into a building. Well-designed sun control and shading devices can dramatically reduce building peak heat gain and cooling requirements and improve the natural lighting quality of building interiors. Depending on the amount and location of fenestration, reductions in annual cooling energy consumption of 5% to 15% can easily be achieved.
The use of sun control and shading devices is an important aspect of many energy-efficient building design strategies. In particular, buildings that employ passive solar heating or day lighting often depend on well-designed sun control and shading devices.
During cooling seasons, external window shading is an excellent way to prevent unwanted solar heat gain from entering a conditioned space. Shading can be provided by natural landscaping or by building elements such as awnings, overhangs, and trellises. Some shading devices can also function as reflectors, called light shelves, which bounce natural light for day lighting deep into building interiors.
Exterior shading devices are particularly effective in conjunction with clear glass facades. Thus, solar control and shading can be provided by a wide range of building components including:
Landscape features such as mature trees or hedge rows;
Exterior elements such as overhangs or vertical fins;
Horizontal reflecting surfaces called light shelves;
Low shading coefficient (SC) glass; and,
Interior glare control devices such as Venetian blinds or adjustable louvers.
Fixed exterior shading devices such as overhangs are generally most practical for small commercial buildings. The optimal length of an overhang depends on the size of the window and the relative importance of heating and cooling in the building.
To properly design shading devices it is necessary to understand the position of the sun in the sky during the cooling season.
Shading devices can have a dramatic impact on building appearance. This impact can be for the better or for the worse. The earlier in the design process that shading devices are considered they more likely they are to be attractive and well-integrated in the overall architecture of a project.
Designing Shading Systems. Use fixed overhangs on south-facing glass to control direct beam solar radiation. Indirect (diffuse) radiation should be controlled by other measures, such as low-e glazing.
To the greatest extent possible, limit the amount of east and west glass since it is harder to shade than south glass. Consider the use of landscaping to shade east and west exposures.
Do not expect interior shading devices such as Venetian blinds or vertical louvers to reduce cooling loads since the solar gain has already been admitted into the work space. However, these interior devices do offer glare can control and contribute to visual acuity and visual comfort in the work place.
Materials and Methods of Construction. In recent years, there has been a dramatic increase in the variety of shading devices and glazing available for use in buildings. A wide range of adjustable shading products is commercially available from canvas awnings to solar screens, roll-down blinds, shutters, and vertical louvers. While they often perform well, their practicality is limited by the need for manual or mechanical manipulation. Durability and maintenance issues are also a concern.
When designing shading devices, carefully evaluate all operations and maintenance (O&M) and safety implications. In some locations, hazards such as nesting birds or earthquakes may reduce the viability of incorporating exterior shading devices in the design. The need to maintain and clean shading devices, particularly operable ones, must be factored into any life-cycle cost analysis of their use.
Compared to the Western world where Retail participation in Equities is 50% or more, merely 5-6% of Indians invest in stocks in any form, directly / indirectly. The main investment stays in Real Estate. With Indian mindset it is quite pertinent to understand as to where one should put her money, if it is going to be in Real Estate. read more
Living in apartments and flats is an easier option for those not willing to take on the pain of building an independent house. However, whatever and whoever be the Housing Society / Builder, one ends up spending at least 10-20% of the purchase cost in remodeling, renovating & upgrading the house, for which too, one needs a good Construction Company In Gurgaon or NCR, it is a tough task to find one, and so is in other cities. read more
At times a fairly good looking deal may turn sour. It is therefore pertinent to know, what all are involved In a real estate deal?
An agreement is signed and a token amount is paid. (Please note that cash payments for Real Estate is illegal). All payments have to be made in cheque / Neft etc.
What aspects should the deal encompass? The important parts of the deal are included in an Agreement to Sell (ATS).
This should clearly state the parties to the deal ie, the buyer & seller with their Address, Aadhar & Pan details.
Clear definition of the Property under consideration.
Details of the property’s acquisition, ie bought from etc, as also the Conveyance Deed/ Builder Buyer agreement and if it is on resale, all details of previous owners and recording of the same.
Govt approvals for buildings, building plan approval etc.
It gives out unambiguously, the Sale Consideration, ie the Price the Buyer has to pay to Seller. This is broken up in the Payment plan between the Buyer & the Seller, giving out the timeline.
In case of not meeting the payment obligations or on refusal of the Seller to get the property registered in the Buyer’s name, the legal aspect needs to be included. A normal deal cancellation entails forfeiture of the Advance amount paid, which is generally 10% of the total cost. Similar amount is applicable to both sides.
The ATS should include that there is no mortgage or encumberance on the property being sold. Legal jurisdiction in terms of property generally is based on the location of the property, ie the Court which has jurisdiction in that area.
How should one refund the money when a property deal is cancelled?
Technically, all deals are to be in Bank Transactions, so there must be communication in writing and / or mail, wrt the cancellation of the deal and Okayed by both parties. The refund money transfers must be to the same account from the payments were done. This avoids future litigations.
Financial and income tax consequences for a property deal which is called off or cancelled.
As per the income tax laws, if a property deal is cancelled, treatment of the token or other payment money has no benefit. It is taxed as an income for the individual having gains. If the buyer backs out from the deal, the seller has the right to forfeit the token money. The forfeited token or advance payment money, does not give the buyer any income tax benefit. It is treated as a capital loss under the tax laws. However, the advance money/earnest money that is forfeited, becomes an income of the seller in the year in which the deal is called off. Such forfeited earnest money is taxed under the head ‘income from other sources’ and not under the head ‘capital gains’, even though the income is received with respect to a capital asset.
Stamp duty paid -refund
Normally, for property transactions, the buyer pays stamp duty. It is generally a fixed amount or a percentage of the property’s market value. One also pays registration charges, for registration of the agreement. These rates are prerogative of the state govt and hence the rules for refund of stamp duty paid for property transactions, varies from state to state. In some states you are entitled to claim refund of the stamp duty, within a stipulated time frame, if the same has not been executed. The government generally deducts some percentage of the stamp duty.
While buying under-construction property, the Builder levies a GST on the agreement value, depending on the category the property falls, viz ‘affordable housing’ etc. In case of cancellation, of the under-construction property, the builder may agree to refund the booking amount and installments paid. However, even though the Builder may have charged you GST, he may not refund this amount, as he has to deposit the amount with the government. The builder is not entitled to claim any refund with respect to the GST, as he has already rendered services to you.
In case of resale to another buyer, by you, the sale price already includes GST. However, GST is included while calculating Capital Gains, as it has been capitalized and form part of the cost of acquisition. The capital gains will be taxable as long-term, if your holding period has been three years, or else, the profits, if any realised, will be taxed as short-term capital gains.
Real Estate investments are always in large monies. It is therefore, always better to consult an expert and take legal and financial advise for the same. Be safe, buy safely.
One may wish it away as much, but Covid is there to stay for some time. Might as well realign, readjust and make peace with this menace. The options and advise offered may sound mundane and simplistic; actually we want it to be so. Lets see some ideas that can be useful, without major investment of time money and effort.
The first step is to realign your spaces. The safest way to avoid Covid is to stay home and avoid contact with outsiders. Some of these are
The next new concept which has gained favours with most, is “WORK FROM HOME’’. This coupled with work at home, could be quite strenuous if you do not have the right layout. To cater to office work, the best option is to rearrange an area with in the house as your office, which could house your working table, chairs, PC/ Laptop and its peripherals, as also stationery etc. In case you did not have such a table- chair, it may be ergonomically important for you to procure one, as you may be spending long hours on it. An unsuitable seating may cause long term harm. You could even use the Dining table with due consideration that it should be viable to move the “office” during meal times.
Monotony & Boredom. Staying indoors often causes boredom and loss of interest. Some start feeling as if they have been home quarantined / arrested. One of the easiest way of bringing life to the existing set up is to change the existing layout by rearranging the furniture of different Spaces and intermingling them with each other. For example, the relocate the Bed Side tables to the Drawing room and vice-e-verse. Highlight one area of the room. It could be the area near the TV or the large Family painting or anything. In the kitchen you could make the window as the Focus.
Blending different finishes also give a feel of change. It is not necessary that furniture matches with other elements. In today’s times these are part of Art work. Try and add contrast and texture to a room. Metal, with wood, or linen or anything which your wild imagination can think of, could be mixed and matched.
Most house have a number of paintings and framed photographs, souvenirs, gifts and more. Take a look at their locations in the house and then go about relocating them in different places. There will be a sea change in the look and feel of each room. Compliment them with the various lamps you may be having in the house. The two will affect a great deal of beautification.
Color and Vibrance. The easiest way to add colour and change is the exploitation of your cushions, pillows and their brethren of different shapes & sizes. Add these of varying colours, designs, material, shapes and sizes and you would find your home to be differently coloured. Add with them the Rugs you own and the two will gel and glow.
Use Covid as a God sent opportunity to get back your house in shape. Spend some time removing the decade old unused clothes and toys and so on from your house. As per Vastu too, de-clutering and cleanliness is vital for good mental and physical health. Ensure there is enough circulation space and you do not keep banging into something or the other while moving in your house.
Lets make the best of the prevailing situation and enjoy the time at home. Minimal expenses in the effort would go a long way in seeing through 2020.
Tough times need innovative ideas along with informed and well thought of decisions. The Pandemic apart from causing massive loss of lives has also put many households in financially difficult state- unsustainable for some. Indian job loss figure is close to 13-14 crore. For those who have lost their jobs or earnings, it is important to take stock and realign their strategy.
It is normally advisable to take a Home loan for buying properties for various reasons. As a resultant, most buyers use this option as can be seen from the data; about Rs 13 lakh crore of housing loans was outstanding as on January 31, 2020. Of this, majority are salaried people. Sadly, many have lost their jobs since the scourge of Covid commenced. Its extremely important to save one’s Life and Livelihood -Jaan & Jahan. So, what are the Options? In such trying times, it is not the best option to liquidate the loaned properties, as it would generally result in 10-12% loss on your investments. Hence, this should be the last option. So what are the other options available?
Like all Good times move on, so do bad times. It is extremely important to maintain one’s sanity and take decisions as suitable for you. For a particular individual, there may be some other ways also, so try and analyse your fund state and take a decision you feel is good for you.
Wish you were Beer. Bars are the ultimate evening destination. Ambience of the Bar is a “Make or Break” for success of a Bar. Want it Vibrant, Smoggy, Drooling, Spanky or what? As with most commercial space, some of the 7 Ps of Marketing matter here too. Depending on the Place, ie, whether it is a High end Hotel or a Country side Bar, it needs to be designed. For that clientele, it should exude luxury, style, and comfort and be inviting, spacious, and serviceable, with desired seating space etc.
If you are also planning to revamp your Bar, do let us know, we will give you an experience unparalleled. Lets do it together.
We discussed and analysed the most common / popular flooring options in Part I. It may not be necessary that the decision of the majority is the right one. So why not explore other options and see what suits our needs better. Most of these are neither run of the mill option, nor advised as a general option for all purposes. These are better used at specific place and space.
There are still more options, about which your designer may be able to guide you. We endeavored to cover the relevant and reasonable amount of information so that we are able to take Informed Decision while deciding on the the Floor which will Floor you for times to come.
Making or renovating a house or a commercial space is a long drawn process, involving somewhat infinitude decisions. One of the multitudes of questions that perplex most to be homeowners / commercial space buyers, happens to be about the kind of flooring they need to settle for. The market is flooded with an overwhelming variety of options, which makes it even more difficult to choose the right flooring option for your space. In this Part, we shall be discussing the four most sought after flooring materials and their pros and cons so you can take a well-informed decision.
Points to ponder:
Why & why not:
The climatic and weather conditions, are instrumental in deciding our flooring options to a great deal. In Scandinavian or Siberian region any floor which gives a psychological warm feeling may be more suitable; wooden / carpet flooring could be a preferred option. In Sub Saharan deserts or Middle East, marble or stone may be preferred. There are many other options, which your designer may guide you to use. We shall be covering other options in Part II.
There are other not that popular options too, which your designer my guide you to use. So, if you were wondering which is better tiles or marble flooring or wooden for your residential building services, then make a decision based on these factors above and your daily lifestyle.
Making or renovating a house or a commercial space is a long drawn process, involving somewhat infinitude decisions. One of the multitudes of questions that perplex most to be homeowners / commercial space buyers, happens to be about the kind of flooring they need to settle for. The market is flooded with an overwhelming variety of options, which makes it even more difficult to choose the right flooring option for your space. So, here is a breakdown of the popular options, with details of four most sought after flooring materials and their pros and cons so you can take a well-informed decision.
Points to ponder:
Why & why not:
There are other not that popular options too, which your designer my guide you to use. So, if you were wondering which is better tiles or marble flooring or wooden for your residential building services, then make a decision based on these factors above and your daily lifestyle.
In the good old days, one did not have the luxuries available due to modernisation, ie, automation and availability of numerous devices to make our lives more comfortable and enjoyable, specially after a day’s hard work. It was so easy to decide the plan for your interiors for bedroom. With the availability of mind boggling options, many at exorbitant costs, it makes wise sense to take the help of specialists to design your bedroom, ensuring every penny is well utilised. Planning to do it all on your own reminds me of the old adage -’Penny wise pound foolish’.
Let us consider what all ingredients are there in a bedroom of today, which are required to be planned for. The first and foremost is the Bed & the side table, their size, location & what fits to the size of the bedroom. Thereafter come numerous items listed one by one.
Bedside lights, Electrical & power points, for routine and heavy appliances; No and amount of lights, Cove lights, Night lights, their luminosity, location and more.
All lights and electrical equipment today can be automated. Does it suit you- the idea & the cost?
How to handle the curtain rods, ie with false ceiling, or rods, type of drapes suitable for you, blinds, sheers etc.
Handling of walls by texture paint, wall moulding, panelling, wall papers etc.
Furniture like chaise, lounge chair with foot stool etc.
TV Unit, whether wall mount, free standing like a console table or a mix or something with a storage.
AC & Room heater location, their power supply arrangements; what if for some reason water drips from the AC- how to handle it?
Do you want a Nook with a mini bar or a coffee maker? Space for your laptop/ Ipad and associated seating?
Handling the Windows, doors & head side of the bed.
Wardrobe- gents & ladies as also overhead storage, shoe storage etc
Painting / decoratives /furnishings.
As is evident from the above, if not Herculean, it surely is a Good designer’s task to handle all aspects and reach at an optimal solution;- economically, aesthetically, functionally & in terms of maintenance. Some consider Designing cost as a drain. However, you actually save on costs by using the services of a Good Interior Designer in interiors for bedroom. As experts, apart from ensuring a beautiful end state of the space, Designers economically optimise the material usage and guide you, along with suitable advise on reducing costs. So, if you want to get best value for money and a dream space, go ahead and get your bedroom designed to your taste & as per your cost.
Drawing room are generally the Show window of a house. We want it to be aesthetically designed, while giving a comfortable homely feel. A Drawing room needs numerous aspects to be cohesively considered and located in the right place and size so as to give it an elegant look. There are numerous elements which need to be cohesively aestheticised to bring out your dream.
Going through the above text we can visualise that it would be a very sound decision to utilize the Services of Specialists to do up our Drawing room. Lets join hands to fructify your Dream Drawing room.
A huge diaspora of Indians settled abroad, for various reasons ranging from house for parents, to investment option; invest in Residential properties in India. The procedures, taxation etc for a NRI are different from those applicable to a Resident Indian.
Compared to most foreign markets, Indian real estate offers better investment opportunity for Non Resident Indians (NRIs). NRIs who do not have enough funds, could buy properties in India, by taking home loans. Obviously, the home loan rules are different for NRIs and resident Indians. So it is better to know the rules before delving into it. Hence, it is important to know the crucial differences. Normally, the rates are a bit higher and the eligibility a bit lower, when compared to that for a Resident Indian. It is always advisable to get the loan approval first and then decide on the property you want to buy.
The IT Act & FEMA has laid down criteria to be categorized as a NRIs. NRI is legally defined under the Income Tax Act, 1961 and the Foreign Exchange Management Act, 1999 (FEMA) for applicability of respective laws. NRI is defined under FEMA as a person resident outside India who is either a citizen of India or is a Person of Indian Origin (PIO). The income generated in India is taxable in India & those earned abroad, are not taxed in India.
Qualifying Criteria for Home Loan.Coming to Home loans- a NRI can apply for it, provided he meets the eligibility criteria. Age should be above 18 years; banks decide the upper limit. 60 yrs is the upper limit in most cases. The loan tenure could be even 5 years, to max up to 30 years. Normally, one should have had a work experience of at least 2 years abroad. The loan amount depends on the repayment capabilities. Most of these vary from Bank to Bank, including the Interest rates and the processing fees.
Documentation. Some of the documents which you need to furnish are, Full passport along with work visa copy; Employer ID Card; Passport photos; Work Permit; Employment Contract; Residence proof abroad; Salary slips; PAN Card; loan application form duly filled and so on. Again, it depends on the Bank.
Repayment of Loan. Options for repayment could be transfer money through bank; have an ECS Mandate; issue PD(Post Dated) cheques etc. Ideally, the cheque / transfer should be from the Loanee’s account.
Power of Attorney (PoA). For document signature and processing etc, the NRI can execute a PoA, which is generally valid for 30 days. It ceases in case of the Principal’s demise. The POA needs to be duly stamped as per applicable stamp duty in India and duly notarized within 3 months of NRIs arrival in India.
Finances & Applicability of Taxes. As the NRI earns in Forex, there will be variation in his earnings in Rupee terms, which should be kept in mind for repaying loan. His earnings abroad would continue t be taxed as per that country’s law and his investment in property, as also loan repayment would be subject to Indian Taxation laws. NRIs are eligible to tax deduction on interest paid and loan repayment on home loan if he is NRI as per the income tax definition and files income tax returns in India. Eligibility of deduction etc under various sections hold good. So owning a property needs considering all the above, to come to the real cost of ownership for the property.
Home Loan from Foreign Banks. Being a NRI in countries which have banks in India, could be used to advantage. Most Western countries have much lower Interest rates for loans. It could therefore be extremely valuable to exploit this option too.
Being a NRI gives you the added advantage of choosing the option of buying a property in India, or the country of residence. In case one has friends and relatives who could look after your property in India, investing in Real Estate is always a good option in India. Suffice to say that the Indian population density is high and everyone wishes to own a house. Hence, for quite some time to come, investment in property in India will be a viable fruitful option. Why miss it if you are a NRI?
Predicting resolution from Corona virus and effects of it on any sector, is as hazardous a guess as any. Many experts of Real Estate Sector are advocating that the rates are likely to go up as Loans would become cheaper etc. There is another set of analyst who expect that the rates may inch upwards.
If we analyse it, many aspects emerge. Lets deal with them one by one.
To sum up, even though the government has extended the benefits offered under Section 80EEA till March 2021 and may be further extended to support the Real Estate Sector, there may not be any quantum shift in the current scenario. There would be some fluctuations, but any drastic chane may not be coming.
We have always professed, Vastu Shastra is a Science, which helps you in deciding the layout and placing of various spaces and items in it. It should be treated as an aide & not a hindrance. In case of Bedrooms too, we should take informed decisions to orient, locate and place the various furniture & furnishings in a manner that it enables healthy and comfortable living.
Bedroom being one of the most private spaces, positive ambiance, which gives good vibes is of utmost importance. Right from the entrance to the Bed, the furniture, paintings, furnishings, clutter, circulation space, all play a role in deciding your state of mind, which in turn affects your mental well being, resultant behaviour and performance.
Master Bedroom & Other Bedrooms. As per Vastu, best direction of entrance to the house is from the North East. Hence, if you see logically, the South West Corner becomes the farthest place in the house, which ideally should be the location of the Master Bedroom. However, if your entrance is from South South East, the Master bedroom could be in the North West.
South East or North East should be avoided. India is in the Northern hemisphere, where Sun always moves from the Southern Side- Dakshinayan. Hence, a bedroom in the Southern side gives ample sunlight throughout the year. It is therefor good to have the daughter’s room too in the Southeast. Northeast is also suitable for children.
Wall Color- a light colour like off white, baby pink or light cream are ideal. There should not be a beam running over the bed. Bedroom should preferably not have your Temple, except due to space constraints. The attached Toilet should be kept clean and without any foul smell. Its door should be kept shut to avoid negative energy entering the bedroom.
Anything that disturbs the calm of the bedroom has no place here. Hence, no television. If you must have one, make sure it is placed at a reasonable distance from your bed. “The TV screen should not work as a mirror opposite the bed.
Entrance & Bed. Although most people living in flats do not have much option, it is better not to have the entrance to the bedroom from the Head end side of the bed. Nor should the bed be so placed that it is visible from the main entrance of the flat. The head side of the bed should not have a window behind it. Most of us understand the Gravitational field of earth. Direction of your head while sleeping, should therefore be South, West or East, in that Priority. Metal Beds are heavy and not very conducive. Unnecessary weight adds to the negativity. Couples’ beds should have a single mattress (double bed size), as the partition in the mattress hinders your comfort as also, zones them into two beds.
Circulation Space & Clutter. Ideally, 3 ft of space all around the bed is good, however, some compromise could be made, specially on the sides where there is less movement. To achieve a better and open feeling, reduce clutter. The bulky huge teak almirah gifted to your mom by her dad, is best avoided in the bedroom. Too many small furniture spread around, which affect free movement in the bedroom adds to your stress and should be done away with; however beautiful / treasured they may be. Find some other suitable place for them. Some aroma candle etc which emanate good smell is also advisable.
Paintings, Photos, Mirrors, TV, PCs, Mobile. Paintings / picture depicting happiness is recommended. It is always nice to have your beautiful moments in frames in your bedrooms. Wedding pics for younger couples is very suitable. Those depicting fights, war, blood etc are a strict No no. Mirrors in the bedroom should be so placed that they do not reflect your image while lying / sleeping in the bed. TV is best avoided in the bedroom; remember its the Idiot Box – causes addiction. PCs & laptops need to be avoided. Mobiles & PCs cause high electronic stress. The radiations are inimical. Photos of deceased ancestors are also a No.
Lights. The bedroom should have options for having bright light, eg for dressing up; subdued light for relaxing and some minor source of night light, like foot lights, when one is sleeping. However, light exactly above the Bed is best avoided.
Storage. It is normal for bedrooms to have storage for clothes, shoes etc. Ease of use should decide their placing. We need to get over our traditional mindset of keeping anything and everything for ever. Storing old broken Cassettes / CDs, watches, batteries, clocks or dresses and shoes one has not used for ages, add to the negative energy and are a definite discard. Discard all chipped and semi broken items. Reduce the clutter in your cupboards. It adds to your anxiety and feeling of being disorganized. As a Thumb rule, if you do not use a dress / shoe for 2 to 3 years, give it to someone who would use it and bless you.
What Vastu aims is, at your mind. Anything and everything which adds to the peace of mind is generally good Vastu. If the home atmosphere is harmonious, the inhabitants will be happy and resultantly, successful.
With the Internet becoming a predominant part of our lives, most of us having access to Pinterest, websites, and Do-It-Yourself TV shows, feel we are best suited to do the Interiors for our Spaces. Ideas are easy to get, however, the Information Overload and alignment of these inputs in a usable manner is pretty tough call. Many also assume that creating luxury interior design will be at a huge extra cost. In fact, the opposite is true. We as your interior designers, save you money.
We ensure that our interior designing costs are paid back many times over, with savings made on your project. Our economic optimization of products, coupled with our relationship with the suppliers and by using our in-house team, we get you more than Value for Money. We work out a detailed Schedule of Works at the beginning of the project, which gives you a very fair Estimate of timelines and prevents costly mistakes in execution, as also, continuous increase in cost by putting across items which are sounded as important / mandatory. Our planning is meticulous.
We make budget estimate & compile Schedule of Works with a breakdown of prices for each element of the project; an essential and complex calculation that can be done only by professionals.
We work on all sizes and budgets of spaces. We give you a mood board, floor plan, furniture layout, electrical & plumbing layout if needed, work schedule, budget estimate and if you want, a 3D visualization of the space. After this presentation and upon approval, we plan and execute the project together.
To crystallize a project, we carry out detailed interactions with you to understand the inhabitants, their habits, behaviors & needs etc, E.g.
Based on it, we suggest Economically Optimal Options/ Solutions. If your taste clashes with your family’s (or your spouse’s) tastes, we propose compromises and give a solution that satisfies both parties. Our designer will then work on your space based on your requirements and lifestyle. We are your saviors.
We are an exception that apart from having our own in-house Team of Architect, Interior Designer and skilled manpower, we also have our own Modular & Designer Furniture & Furnishing Manufacturing Unit, which gives you quality, economy & guaranty.
We handle the project from start to finish. You do not have to search for any type of Contractor or Service Provider. We are a ONE STOP SHOP. We have our in house team of architects, top interior designers and specialist workmen like electricians, plumbers, masons, carpenters and other skilled manpower. We also have tie ups with Best Firms in Intruder Alarm Systems, uPVC, ceramics, construction materials and other input materials. For items we don’t make, we help you shop, with assured discounts.
We pay particular attention to lighting plans to ensure they work with furniture layouts and room designs. On a complex renovation, the untrained eye can overlook a simple decision such as where to put a plug socket. It’s too late at the end of a project to realize you can’t place your INR 50000/ Porta Romana table lamp where you want it, because the lead does not reach the power supply. We work backward from the envisaged interior finish, and plan everything meticulously, starting from the furniture plans and go back to basics.
Our Team comprises Extremely Professional & Educated Architects & Interior Designers, suitably supported by highly Skilled and vastly experienced manpower. They are trained to handle interior projects and their challenges and problems, thus eliminating the danger of trial and error—and expensive mistakes you have to redo. Creativity, imagination and artistic flair are their traits. It is because of this training and experience that the team can have a ‘magic touch’ on a project that pulls everything together. They work on hundreds of little details such as choosing what type of lighting switch plates, positioning of electrical outlets, specifying the trim detail of a headboard, and many more.
Above all, we believe in “Building Relationships. Business Happens”.
There has been a lot of positive development on Upgrading the Railways. The current Passenger Train tracks are severely & adversely affected by Speed Limits due to their Quality & vintage. Repairs / up gradation may cost as much as laying new tracks.
The existing Railway Stations are also constrained for space, accessibility, parking space and are quite unorganized.
Is there a requirement of having a complete new set up of Train lines, maybe spread over a period of 10-15 years, wherein the existing Routes & Stations gradually get replaced by freshly laid next generation tracks, with State of the art Stations coming up. PPP is good option. If DLF can lay Mono Rail, what is wrong in Pvt players in Railways?
The existing lines could be used for Freight, with Freight Stations being developed close to the Bigger / existing Towns / Cities. Imagine the Infrastructure & Job Creation, as also effect on GDP by efficiently speeding up transportation.
If we can have completely new airports at fresh locations, in major cities like Hyderabad & Bangalore, why can’t we have new Railway Stations? It is neither too difficult nor impossible.
A small country like Nigeria shifted its Capital, we can surely take this on.
Reference Link:- https://colonelzbricklogic.blogspot.com/2014/11/rail-freight-corridor-or-passenger.html
Once you book a property with a Developer / Builder, it is deemed as acquisition. When you sell your real estate for a profit, you have to pay capital gains tax on the profit earned. The capital gains tax could be Sort Term Capital Gain (held for less than 3 years) OR Long Term Capital Gain (held for 3 years or more). In case of ancestral property, date of initial acquisition is taken.
In case the property is held for less than 3 years, you pay tax on the profit as per your Tax slab. It is deemed as normal income like salary.
In case you sell after 3 years, it is Long Term Capital Gain, taxed at 20%.
To cater for inflation, Indexation is done. So, if a property was bought in 2000, for Rs 10 lac & sold in 2013 for Rs 30 lac, the taxation will be as below:
|Cost of property|
10, 00, 000
|Year of property purchase|
50, 00, 000
|Year of sale|
|Cost inflation index (CII) in year 2000|
|Cost inflation index (CII) in year 2013|
Indexed Purchase Price = (2000000 x 852) / 389 = 43,80,462
Capital Gain = 50,00,000- 43,80,462 = 619537
Tax (20% of Capital gain) = 123,907
A capital asset means property of any kind. A right to obtain conveyance of immovable property is “property”. Hence, if the booking agreement and allotment terms and conditions of the builder gave a right to obtain conveyance on the said property, the property after fulfilling certain conditions, that itself becomes “an asset” under the Income-tax Act. The issue which arises w.r.t. transfer of rights in the property under construction as well as in case of transfer of property (after taking the possession) is – whether the gain on transfer is short-term or long-term? The date which decides the nature of capital gain is “The date of acquisition” In this regard, there can be various views. To qualify the investment in case of builder flats, the date is the date of allotment of the residential flat and the payment of installment is a follow up action. However, you will need to pay Service Tax on 25% of the Cost of flat. In case of ready to move in Flats, the Registration date is taken into account.
The cost of property includes Brokerage paid, cost of improvement etc, which is also Indexed. So if you paid 1% as brokerage, say 20000/ & spent 3 lac on house improvement over 3 years, these could be included in COST & reduced from profits (duly indexed).
If you reinvest the accrued amount in ONE Residential property of equal or greater value, or in Govt Specified Bonds, the tax could be saved.
You could go to my blog https://colonelzbricklogic.blogspot.com/ Or contact Biraj@colonelzinfracon.com; 9818744711, for specific advice. We don’t charge for routine advice. Costs, if any, depend on the case.
Reference Link:- https://colonelzbricklogic.blogspot.com/2014/11/real-estate-purchase-sale-taxation.html
The current applicability is excellent in the interest of the weaker section. However, its implementation is pathetic. A Co is expected to pay PF & ESI even for a casual lab employed for a day. Is it practically possible? So who is benefited? Both, the Employer, who circumvents this utilizing the Financial Brains of his CAs etc, (apart from bribing a small percentage of due amt) & the PF/ESI Regulators from Labor Commissioners to the Inspectors & below.
Government is expected to provide Pension, welfare, medical support etc. How does the Govt. do this without Generating the Revenue? So the Subsidy comes in, burdening the Government, whereas the Employers & Enforcement Staff enjoys.
It is a very simple recommendation, which can be implemented as easily as Income Tax.
The Finance Minister will get a much Bigger Kitty from the above than what he is getting as of now.
Col Biraj Sahay (Retd)
Reference Link:- https://colonelzbricklogic.blogspot.com/2014/10/making-honest-business-possible.html
We have started with Financial Planning to macro manage your ASSETS & diversification into-
We take an hour or so of discussion with you and give you a revert on the Detailed Suitable Financial State for you. We do the follow ups also.
We guarantee minimum 10% growth advantage from your current exposure.
Our consultancy costs Rs 2500/ + tax.
We also help in IT returns, cost of which is separate.
Remember, Jayalalitha did not file in 1992-93 & went to jail in 2014. Dont take it casually.
Reference Link:- https://colonelzbricklogic.blogspot.com/2014/10/your-money-tree.html
We have been getting inquiring about minor / low cost works with respect to house improvement like civil / wood / sanitary / flooring work etc. We do undertake such works, with min budget of around a lac, in NCR.
Anyone needing help could contact me
Reference Link:- https://colonelzbricklogic.blogspot.com/2014/10/worriylessly-upgrade-your-house-in-ncr.html
Being in Construction Business, one often got enquiries for High End Living Homes, with STRONG STRUCTURE. We embarked upon a Project using best stuff like Lafarge Cement, Jindal Steel, etc. It has all facilities like 100% Power Back up, water 24×7, covered parking, high end lifts, gated community, great exterior & Interior.
This Central Gurgaon area has 3000+ sft carpet area floors only. Our Floors comprise 3/4 large BR, 3 large toilets + 1 Pdr room, 3 big Dressers, Big Dining + family lounge, Large Drawing room, Huge Kitchen, Study room, Pooja room & 3 huge balconies + Sr Qr.
My contact – Col Biraj Sahay -9818744711; Biraj@colonelzinfracon.com / email@example.com
Reference Link:- https://colonelzbricklogic.blogspot.com/2014/10/luxury-living-with-added-safety-security.html
Written by Col Biraj Sahay
Reference Link:- https://colonelzbricklogic.blogspot.com/2014/04/expectations-post-elections-from-real.html
One is often pained to meet unsuspecting Friends (specially Faujis), taken for a ride by some Builder or the other including some very high ranking people.
Anyone needing help in my friend Circle, pl feel free to contact. Its Your money, don’t donate to a Cheater Builder.
Reference Link:- https://colonelzbricklogic.blogspot.com/2014/10/buying-house.html
“Home is a place you grow up wanting to leave, and grow old wanting to get back to.”
John Ed Pearce
Purchasing a home, while being very exciting, is also an extremely tedious experience. There are truck loads of options in the market, but not much information about them. To help you tide over your delusions & worries, we have created a 10 point checklist to rate the properties you are interested in, so as to help you take an informed decision.
Check It Before You Cheque It!
Before you decide to invest all your Green (or should I say Pink) Bucks, take a step back and get informed. Check the following before taking your Call.
Credentials of the builder– Make sure you do some research on the builder. Find out about a previous/old project done by the builder and pay a visit. You are likely to get similar Property & Services. Talk to the residents, get a feedback on the following:
Amenities– State of maintenance & upkeep of Club, Sports facilities, Banquet halls, lawns, pathways, etc.
Maintenance & Security- While visiting the old project judge the security and over all cleanliness of the society. Find out how efficient is their waste disposal system.
Air & Lighting- Better ventilated property is more naturally lit & reduces electricity bills.
Price– Its Basic Price (BSP) & allied costs like Maintenance etc. Compare it with Similar Quality societies nearby.
Dwarka Expressway property buyers are stuck as road construction is stuck due to litigation. Avoid options where a road is to come up in the next 6 months, because it may not come up in the next 10 years.
Reference Link:- https://colonelzbricklogic.blogspot.com/2015/01/check-it-before-you-cheque-it.html
“A house is not a home unless it contains food and fire for the mind as well as the body.”
We have all dreamy of a perfect home where we’d like to experience life with our loved ones. Big or small we all have our own ideas of a dream home. But sadly, not always can we afford the home we dream of and that’s where the banks come in; helping us finance the home we want. But, do they actually help us? Let me help you find the best loan for YOU!
Costs related to a Home loan:
Right Loan Provider – Factors to Consider:- Six factors for selecting right home loan provider:
In case of any further queries, we would love to hear from you.
Reference Link:- https://colonelzbricklogic.blogspot.com/2015/02/houseis-not-home-unless-it-contains.html
Most of us would have come across lucrative advertisements talking of 11-12% Guaranteed returns on your investments in Real Estate – mostly in Commercial Property like Offices / Shops etc. When Banks etc are giving you just 6-8% returns, why is The Builder ready to give so much more. Its simple Finance. read more