Urban living has changed radically and the concept has changed from a house with basic amenities to a house with lots of modern amenities. The thought of luxurious apartment with all modern facilities has gained pace and the occupants place amenities at par with the location of the property. When the trend for an apartment loaded with latest facilities in the vicinity of urban facilities is fast gathering pace in other metros of the country then how could people of Jaipur lag behind to be abreast with the trend?

Fitness has become the buzz word with urbanites. Time constraints due to modern lifestyle have made it difficult for them to fix their fitness regimen to a schedule. People want to carry it out whenever they are free from their daily chores. Apartment seekers in Jaipur are looking for properties which have a ultra-modern club house with Swimming pool, Gymnasium, all weather walk way amidst a serene and congenial natural environment.

Platina Terraces by Anukampa Group a leading and established brand in urban housing is the apt answer to the above-mentioned requirements. Hardly a ten-minute drive from International Airport in Mansarovar is well connected with all happening commercial and residential addresses of the town. The main attractions of Platina Terraces are its private terraces and Club 21 a global standard compliant Club house with swimming pool gymnasium and a vast range of all most all sports facilities and leisure features required to rejuvenate one after a rigorous daily routine.

Platina Terraces is loaded not only with modern recreational facilities, the construction aspects have high aesthetic value and durability with  use of Natural stone tile, Premium vitrified tile, UPVC French windows, evenly painted wall with POP finish, Anti skid tiles wherever required and other modern fitments which are highlight of a modern home in Terraces, Living room, Kitchen, Bed Rooms and Bathrooms of its apartments

Platina Terraces with a vast and magnificent entry gate which casts an impression of grandeur and luxury these apartments provide, has three living options to offer:

1. 2BHK A Type Unit: A unit designed for providing ample space to your own world measures 1066.79 sq. ft. in the area. The living room maintains family individuality and bedrooms are provided with wardrobes who acquire zero negative space. Of course ,the compliance of Vastu norms has been taken care of in this Unit.
2. 2BHK B Type Unit: This unit measuring 1089.4 sq. ft. is designed to augment significance of time and money. The wardrobes are designed to save and give absolute wall to wall space. This unit is also Vastu complied.
3. 3BHK B Type Unit:  This housing unit measuring 1499.51 sq. ft. is loaded with luxurious amenities along with personal requirements. Being provided with extra space than other options it is spacious and Vastu compliant. Wardrobes are distinctively designed to carve out more room space.

Your search for a luxurious yet affordable house will certainly end up with Platina Terraces as it complies with all talked about amenities that a modern house should have.

In a welfare state, Government in order to provide shield to its citizens against frauds and cheating by unscrupulous people and organizations regulate the operations which involve masses set up regulatory authorities which regulate a particular operation. Presently India has Reserve Bank of India regulating monetary and banking operations, Telecom Regulatory Authority of India regulating Telecom and DTH operations, Insurance Regulatory and Development Authority controlling Insurance sector of the country to name a few. Like previously mentioned sectors Real Estate or Realty sector involves masses as housing is one of the primary needs of a human being and accordingly a lot of people spend their hard earned money to fulfill the dream to own at least one house during their lifetime.

Rajya Sabha , the upper house of the Parliament recently gave its approval to a bill which is meant to create a regulatory authority of Real State sector which is unregulated. The bill has received consent from Lok Sabha too. This unregulated regime brought a bad name to sector and many fly by night operators were in fray only to deceit poor consumer who invested their hard-earned savings simply to realise the dream of own house. This bill when converted into an act will though bring in plethora of reliefs to consumer, will also benefit not only the builders but Real estate sector too where fraudulent  will be weeded. Below we shall brief the salient features of the bill:

• Real estate sector will get a regulator who will ensure a healthy, patterned and specific growth to the sector. The consumer and builders can seek redressal from the regulator.
• All commercial and residential real estate projects built over more than 500 sq. mtrs. or eight apartments will mandatorily register themselves with regulator before initiating the project. Project marketing and execution will have less or almost nil opacity.  Failure to adhere to this mandatory provision can attract a levy of 10% of project cost or a jail term on repetition of this offence.
• A sum equivalent to 70% of amount collected from a buyer is to be deposited in a separate account by the promoter to meet the construction cost requirements. This will safeguard consumer’s interest as the developer will not be able to divert the deposit in another project and ensure timely completion of project.
• This bill is likely to boost activities in this sector which has seen a long lean period. The regularization of the sector will enthuse confidence for the sector among the consumers who will put in more money in the sector and stabilization of prices.
• The bill ensures strict adherence to the specifications regarding dimensions and time limit  given by the developer during booking of the project. Failure to stick to the specification will be severely detrimental to the erring developer.
• With the passage of this bill Carpet Area of an apartment has been clearly defined where usable spaces as kitchen and toilets have been included
• The liability of developer regarding repairs to structural errors has been escalated to 5 years from earlier 2 years. Regulator estate tribunals and regulators have to mandatorily dispose of the complaints within 60 days.

Though this bill is more consumer oriented and tilted against builders but an initiative taken
to regulate a business is beneficial both for operator and beneficiary where at least a set of norms for regulation of a business has been taken.

The moment which falls on last day February every year, witness to unveiling of most enigmatic civil document of country, the central budget finally arrives with some good news for housing sector in the budget speech of Finance Minister.

The fact that, ’Not everybody can be satisfied’ can be aptly applied on this budget too. There has been a mixed response to budget proposals pertaining to housing sector in this year’s budget presented on 29^th February. Some hail the initiative taken by the government but some are discontented with non-fulfilment of some long awaited demands of the sector. Below, we shall discuss in brief the budget proposals that shall decide the future course of the sector:

• A fillip given to realty sector in this year’s budget is removal of Dividend Distribution Tax (DDT) on Real Estate Investment Trusts. This will allow both commercial developers a liquidity option and retail investors to be a part in office realty market growth.
• An assessee who is into development and building of affordable housing projects in conjunction to  “Housing for all by 2022” will get 100% deduction subject to certain conditions on profits earned in such projects.
• This year’s budget has also ended ambiguity in respect to determination of full value of consideration for the purpose of calculating stamp duty value. It has been proposed to base the date of agreement for calculating full value of consideration for property sold as Stock in trade.
• . Another booster for housing sector is simplification of provisions in regard to unrealised rent and arrears. A new section (sec.25) is proposed to be inserted in which amount of rent received in arrears or amount of unrealised rent consequently shall be taxed in the financial year it is received or realized. A standard deduction of 30% on such has also been proposed.

These reliefs were a long standing demand of the industry and when provided will certainly be a booster for the sector. The thrust of the government on providing affordable housing has been propelled further with concessions it has proposed for houses costing less than Rs. 40 lakhs.

Realty sector with its contribution of 7.5% to the National GDP can increase it with more such incentives.