Grihapravesh…towards new beginnings.

Posted on January 25, 2016 by Anukampa

For some, this New Year has brought a lot of new beginnings in their life. January being a season of marriage has witnessed a lot of couples settling down and start a new life.

In our country, Griha Pravesh of a new home is considered to be one of the most auspicious rituals before entering into a newly built house. Once the house is ready, the family moves in on an auspicious day that is determined by the astrological charts. We congratulate everyone who has moved into their new homes.

Like marriage, for many people, owning a home is the fulfillment of their dream. As marriage showcases stability, prosperity and fertility in one’s life so does owning a house. As one moves ahead in the journey of life, having a stable home is an obvious need.

On this note it is very important for a newly wed couple to own a house that is built with the pillars of love and affection. Another benefit of owning a home is that it gives you complete control and freedom. You get the complete freedom of choosing which things to be placed where. Which wall to be hammered. And of course, it saves you from the hassle of shifting from one apartment to another. Considering the future aspect, your children will have a more secure surrounding to grow and cherish fond memories in their own home.

When starting a new family, the feeling of owning a home is a feeling of pride. It helps you in bringing steadiness in terms of giving security, luxury and comfort to you and your family desired for.

Therefore, in this phase of life when starting afresh, owning a home can play a vital role in bringing you and your family on a concrete ground.

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

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.

Towards making you home safe…

Posted on November 24, 2015 by Anukampa

After the earthquake and severe tremors everybody gets gives high preference to the security aspects specifically in Northern India.

Construction is a huge field wherein people are learning different measures and techniques to implement in the infrastructure. These days there are many institutes and agencies who train the civil engineers on new techniques. Earthquake resistant structure is very much known by the public and they prefer the same also to avoid any difficulty later. Apart from Tier I cities Tier II and III are also having a huge scope of commercial and residential building.

There are lot of factors which one should identified while constructing the high rise buildings:

To analyze the fire risk attached with it
Understanding the strategies to solve the fire challenges
Specially how the fire safety measure work independently as well as together

Below are few specific points which should be taken into consideration

Unsuppressed fire always creates a lot of smoke horizontally and vertically so proper ventilation should be planned as well as fire extinguishers should be well kept at every possible corner. There should be well planned emergency exits on every floor at both the sides.

Points to Remember

Every High Rise building should have at least two staircases.
Every slab or balcony overlooking any exterior or interior open space which are 2 meters or more below shall be provided with parapet walls or guard rails of height not less than 1.20 meters and such guard rails shall be firmly fixed to the walls and slabs and may also be of blank walls, metal grills or a combination of both.
Every opening provided to ducts from the interior of a building should be closed with strong material.
Every high rise building which has more than 16 dwelling units shall be provided with at least one lift capable of carrying a stretcher.
Where access is provided over the terrace floor or to the terrace floor, the edges of the terrace floor shall be provided with parapet walls made of stable materials to a height of not less than 120 cms.

Buying your first home!

Posted on November 15, 2015 by Anukampa

Buying your own house is one of the landmark decisions you’ll take in your life. With rising property prices, shrinking carpet areas and increasing costs of living, it is a diligent choice that should be made keeping a lot of things in mind.

Price: Location v/s Area

As much as having your own house is important, having it at a location that is viable is an important consideration. Real Estate prices are heavily driven by the prominence of the location of the property. A good location doesn’t just guarantee convenience, but also a good return on your investment.

However, simply choosing a house based on its location may not be a good idea. The cost of a property is also variable on the size or area of the house. Thus, if someone tells you that ‘you’ll not find a property at a better price in this location’, cross check all facts. He may be offering you a cubical for a house.

Never buy a property based on less than three factors: Primarily, Price, Location & Area.

Also, keep in mind that the Carpet Area is different than and less than the Built Up and Super Built up area. Ask for complete plan specs of the property you want to purchase, be it an Apartment, Row House or a Villa and make sure you understand them (You can seek advice from someone who has already bought property recently.

There may be other factors as well, that you can consider such as which floor is the house on? Which side do the balconies / windows face? What amenities can be availed within the society, what is the distance from the airport / railway station, as per your requirements.

Let your ageing be slow!

Posted on October 30, 2015 by Anukampa

While your age number is increasing, let your health keep it slow. Health and fitness has become the prime responsibility of the real estate companies. With all the advanced technologies incorporated in and around the flats they prefer to provide the best amineties to keep your health good and let people guess and get surprised with your age.

Companies are creating quality health information and an idea to get these clubhouses into a great existence that is authoritative, approachable, and actionable.

No matter if it is about loosing your weight or gaining muscles or genrally working out for a fit and healthy routine, you’ll find all the advice, encouragement, and support you need here.

These clubhouses build up facilities for every age group to participate into this mission of health and fitness through swimming pools, yoga halls, jogging tracks, gymnasium and other fitness facilities.

Adding gymnasium to your lifestyle will definately add a beauty quotient to your image and will leave people surprised about your age and looks. That’s something these real estate companies are bringing to you within a safe residential arena.

Making your health and fitness a keen topic of interest and look for all the fitness amineties before you give yourself a new abode.

Real Estate Terminology 4

Posted on October 18, 2015 by Anukampa

Adding on to the previous set of posts, here is a collection of more terms of Real Estate.

Property Terms – D & E

Developer

An entrepreneur who has an interest in a property, initiates its development and ensures, that it is carried out ( for occupation, investment or dealing) and from the outset accepts the responsibility for providing or procures the requisite funds needed to finance the whole project.

Development control

The powers of a local planning authority to control the development and use of a land.

Development yield

In a valuation to ascertain a ground rent, the rate at which costs are decapitalised to find the annual deduction from the occupation rents.

Discounted cash flow analysis

Techniques used in investment and development appraisal whereby future inflows and outflows of cash associated with a particular project are expressed in present-day terms by discounting. The most widely used forms of DCF are the internal rates of return (IRR) and net present value (NPV). The techniques may be used for such purposes as the valuation of land and investment, the ranking of projects or their components.

Effective rent

The gross rent payable per month by the occupiers which includes the base rent, maintenance charges, imputed costs of loss of interest on security deposit and rental advance. The effective rent indicates the total cash outflow of an occupier every month on account of leasing any property.

Equity linked mortgage

A mortgage whereby the interest on the principal in part or in whole is calculated, usually yearly, by reference on the security. It may reflect annual increase or possible decreases, in the annual return on, or the value of, the property in which the mortgage is secured.

Escalation clause

Specified in lease agreements wherein renewals of lease period are built in. It involves an increment in the base rent at every renewal of a lease agreement and is generally a percentage rate that is either pre agreed or negotiated before the renewal of the lease agreement.

We will continue updating you on more such terms in the coming week.

Know the terms about your property-Part 2

Posted on September 27, 2015 by Anukampa

In continuation with the previous blog on real estate terminology, this blog briefs you on the terms that will help you understand things better.

Encumbrance Certificate: A report issued by Registrar of Assurances or Sub-Registrar’s office after due verification of the relevant documents certifying that the property in question is free from all encumbrances such as mortgages, leases, easements or restrictions.

Efficiency ratio: Efficiency ratio is expressed as a share of carpet to super areas of the property.

Floor Space Index (FSI): Floor Space Index is the quotient of the ratio of the combined gross floor area of all floors excepting areas specifically exempted under these regulations to the total area of the plot.

Maintenance charges: These are charges taken by the maintenance society towards the maintenance of the property which includes costs of generator sets, security, landscaping, and common areas.

Market value: Valuation process evaluates the market value of the property. Demand and supply forces in the market and factors like type of property, quality and construction, its location, infrastructure and available maintenance are taken into consideration. Market value of the property is the price that the property commands in the open market.

Occupancy Certificate or OC: A certificate issued by the local development authority certifying that all necessary works have been completed as per the sanctioned plans and that the property is fit for occupation. The OC is issued after clearance from the water, electricity, sewerage, fire fighting authorities etc.

Registration charges: The fees associated with getting the legal title registered in your name. This legal process takes place in the sub-registrar’s office in your local court.

Super area: This is as a rule regards to the entire area of the building which includes carpet area, lobbies and corridors, walls, lifts, staircases, basements, and other atrium and utility areas.

Stamp duty: Real Estate Stamp duty is a type of tax accumulation by the Government of India. Stamp duty is established on the agreement value or on the market value whichever is greater.

Sale deed: Sale deed provides the buyer the absolute and undisputed ownership of the property. With this law, the seller transfers his right of property to the buyer. Subsequently, it is executed to the execution of the sale agreement and after compliance of various terms and conditions detailed in the agreement.

Title: The document that provides legal evidence that the person has the right to the possession of the land.

Know the terms about your property!

Posted on September 13, 2015 by Anukampa

It is really important to understand the real estate terminology as it helps an individual to know more about the properties. If you want to understand real estate development, you need to know the key terms used to describe properties whether you’re developing the properties from the ground up or acquiring and renovating them.

Real Estate Broker –A real estate broker or real estate agent is a person who acts as an intermediary between sellers and buyers of real estate/real property and attempts to find sellers who wish to sell and buyers who wish to buy.

Common Area Maintenance (CAM) – This is the amount of additional rent charged to the tenant to maintain the common areas of the property shared by tenants. Typical examples include such work as landscaping, snow removal, exterior lighting, as well as insurance and property tax.
Usable Square Footage –USF is how much actual space you will be able to use. Rentable square feet is how much space you’re paying for, including shared common areas. The measurement called a load factor is the difference between RSF and USF, expressed as a percentage of USF
Escalation Clause – A clause in a lease which allows the landlord to increase the rent in the future to reflect changes in expenses paid by the landlord, such as real estate taxes, operating costs, etc. This can take three forms: 1) fixed periodic increases, 2) adjustments based on the Consumer Price Index (cost-of-living increases), and/or 3) an increase tied to the increased costs of operating the property.
Tenant Improvements –The real estate definition of Leasehold improvements, also known as tenant improvements (TI), are the customized alterations a building owner makes to rental space as part of a lease agreement, in order to configure the space for the needs of that particular tenant.
Full Service Rent – This refers to an “all-inclusive” rent that includes operating expenses and real estate taxes for the first year. The tenant is generally still responsible for any increase in operating expenses over the base year amount.

Invest in the best locations!

Posted on September 7, 2015 by Anukampa

Before you make any investing decision, sit down and take an honest look at the entire location — especially if you have never made an investment plan before. Investing in a real estate is good if you finalise a proper location in which the money shall be invested.

Anukampa Platina is being constructed at Iskcon Road, Mansarovar Ext., Jaipur. Mansarovar extension for now is the best place to invest and is counted among the fastest developing locations around the city. The place is centrally located and has all the brand market around.

Most of the new brands and companies are focusing majorly to set in their businesses at Mansarovar extension. Very soon the shopping malls and hang out places for youngsters will set in here.

Staying close to nature and away from the hustle bustle of the city the property brings nature to your doorstep. Health is the fashion statement that people prefer to follow these days.

Mansarovar Extension is the hottest selling and investing place for property purpose right now. Providing all the necessary amenities and the luxury inside the Platina arena, Anukampa is the best real estate to invest in.

Don’t miss to step in the Anukampa Platina and book your flat with us!

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