Real Estate Terminology 5

Posted on January 3, 2016 by Anukampa

We have been talking about Property Terms, giving you insight on the terminology that sometimes get difficult to comprehend. Read on further to know more such terms.

Facilities management

The co-ordination of many specialist disciplines to create the optimum working environment for staff.

Fail rent

The rent determined by a rent officer (or, on appeal, by a rent assessment committee) under a regulated tenancy and registered.

FERA

An act to regulate certain payments dealing in foreign exchange, securities, the import & export of currency and acquisition of immovable property by foreigners. Under Section 31 (1) of the Foreign Exchange Regulation Act (FERA) of 1973, it is mandatory for foreign corporations, which are not incorporated in India to obtain permission from the Reserve Bank Of India (RBI) to acquire, hold, transfer or dispose off in any manner (expect by way of lease for a period not exceeding five years) any immovable property in India.

Fire certificate

A certificate covering matters of safety required under the legislation for hotels, boarding houses, factories, offices shops and railway premises, excluding those buildings containing less than a minimum number of employees.

Fitouts

Relate to the interior permanent furnishings required in a property including HVAC ducting, fire protection system implementation, establishment of workstations and telephone/computer cabling among others, in order to make the property fit for usage.

Flatted factory

An industrial building of more than one storey, usually with two or more goods lifts, and constructed or converted for multiple occupation. The building is subdivided into small, separately occupied units which are used for manufacturing, assembly and associated storage.

Freehold

Freehold property can be defined as any estate which is “free from hold” of any entity besides the owner.

Frontage(line)

The full length of a plot of land or a building measured alongside the road on to which the plot or building fronts. In the case of contiguous buildings, individual frontages are usually measured to the middle of any parting wall.

Come back to continue reading about more Real Estate terms

Welcome Winters!

Posted on December 18, 2015 by Anukampa

With the inception of winters, the weather becomes gloomy and sad. Even a small window can brighten up your place. Get a perfect decor for your home in winters and brighten up your days.

Mirror Magic
If you don’t have enough space to add new lights, add a few mirrors adjacent to your lights. Mirrors create the illusion of more lighting sources, and doubles the amount of light that bounces around your apartment.

Wireless lights
Though candles are a great way to add light and style to your living area, consider more safer options like LED candles and battery operated lights. Not only are they safer from fire hazards, they can also be placed anywhere.

Don’t overdo
Now that you have new lamps, string lights and mirrors around the house, take some time to consider the proper placement of each piece to maximise the effect. Also don’t put all the lighting in one room and neglect other places. Put at least one light source near each corner of larger rooms.

Sticking to lighter shades
To keep your apartment as bright as possible, stick to light-coloured lamp shades. Darker lamp shades will filter out a considerable amount of light and may leave you sitting in the dark.

String/Fairy lights
These might remind you of the festive season, but they work well when it comes to adding more light to your house and also look pretty as a home decor idea. Simply string them around the window or adorn your book shelve with it. For a classier look, go for white ones rather than coloured.

Proper lighting not only provides enough light to your home during the dark hours but also adds up to your efforts of home decor.

Stay close to nature!

Posted on December 13, 2015 by Anukampa

If you love the green colour and have space, then you should explore this idea.

Balcony gardens can be intimate, manageable, useful, and absolutely stunning. But they can be complicated or simple depending on your choices and time to manage it.

Having an open garden in front of your home is a dream most of us have. With the apartment culture on rise, a personal garden seems a distant dream but balcony gardens are one arena that you can explore.

The most basic need of a balcony garden is space. Make sure you have space enough to have a few planters without making it look cluttered.

Since balconies differ in the climate from the ground and each balcony is situated in a different direction, you need to determine the environment of your balcony before selecting the kind of plants that can survive that weather condition.

Once you are sure of the weather conditions, choose a variety of plants mixing the seasonal and annual ones, so that your garden stays green always. You can also consider plants that require the structural support of trellises or cages to add variety and beauty.

Make sure the containers you plan to use are compatible with the growth habits of your plants and have adequate drainage as well.

Use different combinations of container and plant sizes to create visual interest. Reduce visual clutter by choosing containers that blend in with the surroundings.

If you have a variety, layer plants, with taller plants in the back and smaller ones in the front. You can also try vertical gardening. Hanging baskets and trellises can be used to maximize space and can really take your balcony garden to the next level.

Adding a little creativity and dedicating few minutes each day can really bring the blossom of a garden to your home. But before starting off, make sure your society and building management allows them.

Own a home!

Posted on December 6, 2015 by Anukampa

Getting a home or buying a home of your own is one of the most important aspects of life. It not only defines your well-being but also gives you security for life!

Having a place of one’s own is important in terms of security and investment for the future. With changing times and economy, it has not only become easy to buy a home but also the age at which you purchase your first home has decreased.

Here are some of the benefits of having your own home.

1. At the most basic level, having your own home gives you a sense of security and ownership. Not only do you have a place to reside but you also own it and would own it for the rest of your life. Isn’t that a great feeling?

2. Property rates would only increase with time. We have seen a surge in the property rates in the last two decades and it is only going to move upwards. With the lands getting scarce and the demands increasing, we only know what happens to its prices.

3. With changing times, we have also seen an upward trend in the salaries, so affordability is not an issue combined with the fact that home loans are no longer a terrifying aspect.

4. Staying on rent cannot be a permanent option. In fact, the amount that you shell out every month on your rent can be your EMI towards your home loan repayment, which in the end, will help you own a house and not leave you homeless. Also the interest on home loans are lower than any other loan, so it’s better to take a loan and buy property.

5. Advantage of tax breaks. Under the present tax rules, you can get a tax break on interest repayments for home loans to the extent of Rs 150,000 and on principal payments up to Rs 100,000 per annum.

6. Property works as a good investment and an asset. We have always seen homes becoming a rewarding investment and property rates are only likely to rise with urbanisation and economic development.

These reasons not only sum up the need of a home but also make it look beneficial for the future.

What are Maintenance Charges? Why should I pay them?

Posted on December 10, 2014 by Anukampa

In real estate, the residents or owners of a property in a specific area are charged for maintenance and operations of the commonly owned property areas. This charge is called maintenance charge.

Maintenance charge is generally levied periodically. It is required to fund operations related to upkeep, maintenance and upgradation of such areas, which are not directly under any individual’s ownership.

The main charges levied by the society can be categorised as -

(i) Property Taxes

(ii) Water Charges

(iii) Common Electricity Charges

(iv) Contribution to Repairs and Maintenance Fund

(v) Expenses on repairs and maintenance of the lifts of the society, including charges for running the lift

(vi) Contribution to the sinking fund

(vii) Service charges

(viii) Car Parking Charges

(ix) Interest on the defaulted charges

(x) Repayment of the installment of the loan and interest

(xi) Non-occupancy charges

(xii) Insurance Charges

(xiii) Lease rent

(xiv) Non-agricultural tax

(xv) Other charges.

Anukampa Group: A Glimpse – What We Think about Your Residencies

Posted on January 27, 2014 by Anukampa

Anukampa Group needs no introduction. The group is referred to be one of the pioneers and the oldest groups of the Rajasthan Real Estate. The group was established in 1978 by Mr. Gopal Prasad Gupta and has emerged as a Real Estate Giant since. The group has proved itself to be the synonym of Trust and Quality and has created incredible landmarks such as Malls, villas, Group Housing, Townships, Hotels, and condominiums. With over 50lac sq. Feet of construction in 53+ completed projects and 8000 happy customers, the group follows Strict QSS procedures where every individual associated with the group is committed towards delivering the best quality, Standard, and Services.

Focus - Anukampa Implies the simple idea of being “compassionate”, Hence customer satisfaction is the Prime Focus for Anukampa Group. The group endeavours to delight its customers by providing them Real Estate solutions and services, Keeping the fact in mind “Every Indian lives his life dreaming to build his own home” Anukampa not only share his dream but also help them to achieve.

Vision - Anukampa knows what importance a home holds in an individual’s life that’s why they always strive to build the best of quality construction, keeping prices affordable, clarifies its vision to be the leading Real estate Group in Rajasthan and spreading smiles with every square feet build.

Mission - To build a legacy of trust in the business of Real Estate, including land development & marketing. The group is committed to incorporate all the likes and dislikes of its customers to ensure that the provided solution suits the best and satisfies the needs, while maintaining the highest standards of Excellence.

Values - To maximize customer and shareholder value through world class construction practices, continuously striving for excellence in construction and services we provide. To lead by example through a commitment that empowers the organisation at every level to strive for the highest levels of quality, customer care and stakeholder value.

Team - The group is led by our Chairman Mr. Gopal Prasad Gupta. He has been one of the pioneers of the Real Estate in Rajasthan and has been the part of this business for over 40 years now. He has held the chairmanship of Rajasthan Builders association for the longest term, and is currently serving as The Chairman of CREDAI Rajasthan, Mr. Gupta has been an active participant into the structuring of the real-estate sector, he has played major roles in planning and execution of building bylaws. He passed the lineage and legacy to our Managing Director Mr. Prashant Gupta who has been recognized and rewarded with the “young Entrepreneur award” at the Rajasthan real estate awards 2012 for his innovative creations and the proven record of creating real estate milestones in Jaipur. The Team Anukampa is a blend of experience which comes with practice and age and the zest of youth which brings in the creativity and new ideas.

The Projects - Some of the crown Jewles of Anukampa, have become Landmarks of Jaipur City. Our first project a residential colony named “vidhyut Nagar” on Ajmer road has become one of the posh colonies of the city today. Our Project “Hanging gardens” holds the award for being the “Largest vertical township in Rajasthan”. The accolades continued with “Genesis” being the “tallest building of Rajasthan” and “Grandeur” being awarded for its quality and technological excellence.

THE HANGING GARDEN - The project is a magnificent residential paradise and surrenders you to the enchanting natural brilliance. Hanging Garden features 2, 3 bedrooms, with over 600 flats and 200+ families living in it, Hanging Garden is a project that introduced Jaipur to vertical living.

Jaisinghpura, Ajmer Road, Jaipur, Rajasthan ANUKAMPA GENESIS - With over 150000 square feet of construction in 150 flats. Anukampa Genesis stands 16 floors and holds the award and recognition of being the “Tallest building of Rajasthan” The project has a lot to offer with its specially designed studio apartments. The project was completed within a record time of 2 years and now is home to 150 happy families.

GRANDEUR - Grandeur is perfect example of technological advancement and construction quality. The ultra high end residential apartment has won several awards and recognition at different fronts for its unmatched construction quality and use of first world technology.

Swage Farm, Opp. Shyam Nagar, New Sanganer Road, Jaipur, Rajasthan CELEBRITY HOMES - The project has western style villas to offer great comfort, privacy and joy of having his own bungalow at a very effective cost. The project is almost sold out and more than 50 families residing in their villas right now.

Jaisinghpura, Ajmer Road, Jaipur, Rajasthan ANUKAMPA PLATINA - “Anukampa Platina” is located on 200 ft. Wide road near the Iskcon Temple road in upcoming residential hub of Jaipur called Mansarovar Extension. The project is ground +13 stories of splendor and is divided into 8 blocks. The project consists one premium NRI block which is designed and developed as per the living needs of NRI customers. Platina is just 3 kms away from Asia’s largest residential colony Called Mansarovar.

ATLANTIS - Our high end super luxury apartment project is located at the heart of city on Bhagwan Das Road, between The Civil Lines and the state assembly on a 100 feet wide road. The project redefines luxury with “personal lift” that opens in your Apartment, imported marble, high end electrical and bathroom fittings. Each of the 18 Apartments of the project take luxury to a new level.

Bhawani Singh Road, C-scheme, Jaipur, Rajasthan OMEGA - located in the lap of nature. Omega has more than 700000 Sq. feet of constructed area and a total of 208 flats. Apart from the vertical township the project also offers plots and land, catering the need of each and everyone, a step ahead with comfort and happiness. Anukampa Omega is “Generation next home”.

Jaisinghpura, Ajmer Road, Jaipur, Rajasthan TULIP - Tulip a Residential apartment in Jaipur, away from couching pollution of traffic. At tulip you can expect your home to be harmonious, blend of the city beat and your idea of a heaven, Based at one of the upcoming prime locations of Jaipur called Jagatpura.

Mahal Road, Jagatpura, Jaipur, Rajasthan ROYAL CELEBRITY - Royal celebrity is truly an estate created by nature. The project an unparallel serene view natural settings and is surrounded by abundant greenery. It is Minutes away from all major development and huge future potential. Royal celebrity is also close to special economic zone (SEZ).

Jaisinghpura, Ajmer Road, Jaipur, Rajasthan

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