Tuesday 31 December 2013

India’s Top 6 Cities for Property Investment - Part II


Written By: Sanya Duggal

Continuing the Series, here are the other 4 best cities for property investment in India:

Noida: Noida is currently one of the most promising investment locations in the Delhi NCR region. Various builders are developing residential and commercial properties in this area. Inclusive- Buildings designed by Armani, Disney themed homes, Homes conceptualised on the Golf Living concept, etc.

Not only in Noida, can fast-paced development also be witnessed in Greater Noida and Noida Extension. Housing prices in Noida Extension are likely to increase by 111 percent during the period 2013-2017. These areas offer affordable housing options and are presently very popular in the real estate market.

Hyderabad: The current absorption rate of apartments in Hyderabad is high. This is due to the setting up of IT/ITES and BFSI industries in the city. More job creation leads to a rise in demand for housing. According to a recent study, Hyderabad is the most affordable city, for both buying and renting houses, in India. 

Having an income level of as low as Rs 13 Lakh to as high as Rs 25 Lakh, a person can easily afford buying a residential property in Hyderabad. Experts suggest that there will be a sustained demand for properties in Hyderabad in the years to come.

Navi Mumbai: Improving infrastructure and rising demand for affordable housing options are the key reasons of Navi Mumbai’s increasing popularity. A study by Knight Frank slated that Ulwe in Navi Mumbai will witness the maximum appreciation in the next 5 years.

Ulwe, Kalamboli, Kharghar and Panvel are good investment options. It is because the infrastructure close to these areas will improve drastically in the coming years, and prices of houses in Ulwe are expected to increase by 145% by 2017!

Bengaluru: With the coming up of Bengaluru International Airport (BIA), it is projected that North Bengaluru will witness positive real estate movement. Localities like Hebbal and KR Puram have observed significant capital appreciation and are expected to appreciate further.

In 2013, a price appreciation of 37% was recorded in Hebbal. Areas like KR Puram in East Bengaluru have a potential to provide a lifestyle shift. High rise premium developments are being developed here which provide plush amenities and much more.


So if are planning to invest in real estate, go for one of these locations, which will demand smaller investments, yet appreciate fast and yield high returns.

Happy Investing!

Monday 30 December 2013

India’s Top 6 Cities for Property Investment - Part I


Written By: Sanya Duggal

For the last few months, we’ve been reading over and over again that the property prices fell in 2013, overall investment reduced significantly, inventory increased considerably, the number of new launches reduced, and the real estate market witnessed a major slowdown. However, there is a flip side to it. If we look at it from a different perspective, we’ll realise that it’s actually the best time to invest.

Experts have predicted that the market will remain subdued till the elections and will improve thereafter. This implies that if one makes an investment today, he can have a good capital appreciation by the end of this year.

So here’s a pick of the best cities in India for investment in affordable residential properties-

Pune: The price trends in Pune show a positive inclination. Creation of more employment opportunities, growth of the IT/ITeS sectors, and a good existing infrastructure are the key elements driving Pune’s realty market. The most promising locations in Pune are Hinjewadi, Tathawade, Wakad, and Ravet.

Wakad is a fast growing residential locality, and lies in proximity to the Rajiv Gandhi Infotech Park. Four kilometres from Wakad, is Tathawade, another upcoming locality. Hinjewadi is known as the IT Village of Pune, and is what is propelling its realty growth. Benefiting from its proximity to Hinjewadi is Ravet, which is situated on the eastern portion of the Mumbai-Pune Bypass road.

Chennai: Chennai has developed considerably in the last decade. According to a market study, two of Chennai’s prominent localities - Pallikarnai and Medavakkam will witness price escalation of about 93 percent and 103 percent respectively, within the next 5 years.

Medavakkam lies in the general vicinity of the Chennai airport and is a popular residential locality. Pallikaranai is already considered to be an employee residential location. Its popularity is expected to increase with the upcoming Vandalur-Velachery Monorail Project.

Click here to read Part II of this series.

Saturday 21 December 2013

Things to Keep in Mind While Buying a Plot


Written By: Sanya Kaushik

Most people foolishly assume that buying a vacant plot is easier, or less strenuous, than buying a house. Building your own house, to your own specifications, has got to be easier than looking for a house with the perfect design, the perfect size, the perfect internal amenities, basically perfection at its best- right? Not really. While you may have done away with the internal aspect of it, you still have a whole multitude of decisions to make.

If you’re a novice plot buyer, here’s a check list you should use as a guide to buying the perfect vacant lot:

Location:
The real estate industry has a longstanding adage that location is everything in the real estate world. Whether it’s a house or a plot, you need to look for the best location in terms of proximity to amenities, closeness to the city, ease of commute etc.

Shape of the plot:
Make sure the plot is square, or at the very least, rectangular. This makes construction relatively very easy; plus, a rectangular plot will appreciate more than will an oval one.

Ownership: 
You need to decide what kind of plot you want: government owned or privately owned. Each has its pros and cons. If your main interest is investment, government plots are cheaper and yield higher returns; if you’re looking to construct a house on the plot and live in it, privately owned plots are the safer bet in terms of security because they’re usually available as part of a larger residential community.

Infrastructure:
Access to well-developed roads is very important, especially if you’re buying a plot for end-use. In the rural areas, where land is cheaper, road networks are rarely developed and are usually cut off from a major highway or the main road. Make sure you buy a plot that enjoys excellent access to the city and basic amenities like hospitals, schools, supermarkets, pharmacies etc.

Corner plots:
If at all possible, go for a corner plot. They cost a little bit more in the beginning, but will appreciate in value much more than will the other plots in the same locality.

Utilities:
Water supply, gas, power and electricity are some of the primary utilities you should take into consideration when buying a plot. If these are not already present, you’ll have to spend some money to install them.

Future prospects for development:
You should find out what kind of development, if any, is going to take place in the general vicinity of the plot you’re interested in buying. This development would include road construction, residential and commercial buildings, hospitals, group housing communities etc.

Keep in mind these tips, to help you make the right choice.

Friday 20 December 2013

My Home Fix-it-Guy & Kavita’s Superman – Ramtirat!


Written By: Anil Kapilashrami, Co-founder and CEO, roofontop.com

What is absolutely essential in a home is a good fix-it-guy.  Having a good fix-it-guy or handyman can be the deciding factor in whether you are able to have a relaxing and peaceful time at home or not. A handy handyman, at those crucial times when he is required, can be the difference between life and death.  Literally the oxygen for your house - without whom the house as well as You also may not be able to function.

He should be close by and be available whenever required for any mishap.  Whether it is a leaky roof, a clogged bathroom, a jammed door, cracked tiles or flooring or a sparking electrical socket or wire, the fix-it-man should be available to mend any of these.  He should primarily ensure that threat to life is secured and secondly that material damage is minimized. 

The handyman should be available 24 x 7, 365 days of the year, without any holidays.  No Diwali, Christmas, New Years or Independence day for this guy - Ok, maybe holi!

Your fix-it-guy should personally have hands-on experience in more than one discipline – carpentry, electrical, masonry, plumbing, flooring, and painting.  While he can’t be a hands-on expert in all areas, he must have an overall understanding of common issues that can occur in a house and how to deal with them. At least he should be able to hold the fort in case of an emergency till either help arrives, morning arrives, or till a permanent fix can be made.

My handyman or rather Kavita’s handyman, is an extremely interesting character called Ramtirat.  Of course interesting … what did you expect?

Whenever there is an issue at home that needs attending to who do Kavita and I call – no, not Ghost Busters, but Ramtirat.  Whether it be a leaky faucet, a damp wall, a smoking inverter or the terrace getting water logged Ramtirat appears and gets into action.  He is Kavita’s true Superman of suburbia! 

Ramtirat is a charismatic character who has energy well beyond his years.  He is well spoken and articulate, though not always in a language I understand and has amazing logical thinking and reasoning ability.

The amicable handyman is approximately 4 feet, 2 inches tall, dark in complexion, has curly black hair, a convincing smile and hails from the state of Bihar and is approximately 55+ years old – am not sure if he knows the exact age himself.

He comes to life when summoned by a call to his cell and quite often even when not summoned.  He arrives in a flash. He comes up with the most innovative and creative solutions to our problems.

He is able to diagnose problems within seconds and decide what action needs to be taken, what additional help may be required, which experts need to be consulted, if any, and can summon a work force of any size within a couple of hours.  As I said his solutions can be quite creative at times.

Once when I approached the house from work at approximately 8:20 pm, I noticed that the entire house exterior was lit up and there were approximately 10-12 workers visible.  As I parked in the driveway I saw that the exterior side wall of the house towards the kitchen was not there. Visible from the driveway were the pots and pans in the kitchen, the stove, cooking masalas and the kitchen sink.

With a bit of haste, I hustled inside the door of the house (which was still intact) looking for Kavita.  Of course I could have walked in through the kitchen but some decorum must be followed, I felt, when entering your own house wearing formals.  “Saab Ji, Namaste”, I was greeted with folded arms and a sweet smile by none other than Ramtirat.  He usually smiled when he demolished my home or was making money from me. While I adored his smile, I knew it was gonna cost me.  “Yeh sub kya ho raha hai”, I asked him.

One of the many explanations swirling in my mind was that Kavita had finally begun the much dreaded project of converting our 20 year old, 2-storey, pre-constructed house into a vaastu complaint one. Unfortunately we were a bit ignorant of this science when we bought the house.  Now 20 years later, with 2 children, many friends, careers and many successful startups, Kavita, also now an experienced astrologer, wanted us to glide through the good life and turn the tables on our misfortunes.  Is this why I didn’t have a kitchen wall today?  How will we sleep? – won’t the mosquitoes have a field day?…anyway…But everything is in the wrong direction – kitchen, bedroom, bathrooms… will a new wall disappear everytime I approach the driveway; will I be left only with a roof on top (hee hee) - the thoughts wouldn’t stop.

“Madam kahan hain?”,I demanded.  “She’s gone to the market”, was the reply.  “Dewaar kahan gayi?”  “Tore di”, was Kavita’s superman’s answer!  “I know tore di, lekin kyuoooo?”, I gently demanded.  This was how most of our interactions were.  It usually took us about 3-5 minutes to connect; the warmup time was treacherous – like a dentist’s visit or pulling your hair out.

Anyway, after the jostling back and forth, finally the story came out.  There was a rat in the ground floor which was housed in the kitchen.  Multiple attempts including re-“gharoting”, which I have understood to mean re-cementing a hole like in a drain, etc using cement and some other mixture, rat traps, poison,  and various other creative solutions have been tried.  But this time the rat(s) had shifted their home from the drain to the kitchen shelves.  And apparently were spread out everywhere on the right sidewall of the kitchen.  It was decided that the wood shelves would have to go and since the wall was old and needed cement repair before painting that it would be best to rip out the wall as well.

Soon Kavita arrived home with carry-out Chinese, her favourite.  After fifteen minutes of a three-way discussion and my understanding of the problem, with my limited knowledge, I would have taken a slightly different approach.  I would have unscrewed 4 drawer holders and taken out 5 shelves, applied some rat poison paste and re-cemented the walls and been back in business – maybe Rs. 750 maximum and 2 hours work (and 14 hours to also allow the cement to dry properly) versus what seemed Rs. 3,500 and probably 3 days (including painting the wall).  Of course the Rs. 3,500 was a total guess as estimating the cost (and duration) of work was not Ramtirat’s forte – he was a true artist – a modern day kalakar, not to be bothered by things like schedules, estimates, etc.  Anyway, when I dared to give Ramtirat this solution, he smiled and I can swear I saw a glimmer in his eye as he said, “Nahi, sirji, whoh toh permamment solution nahi hota”. Wait, I think, no I am sure, I recognized the glimmer in his eye whenever he’s got me – when I’m travelling out of town or too busy to discuss things with him as I’m rushing out to work – and has managed to turn a small problem into a project.

Many a time, a leak in the sink and some dampness in the wall has become an opportunity for him to remodel the bathroom, two hair line cracks in the terrace have become a 15-day exercise where the entire terrace was unusable as the space between the 2’ x 2’ tiles was re-chauked (though Ramtirat has a much fancier term that I can’t recall).  To lesser mortalswho have not had their own personal Superman to educate them, this is the thin white stuff between tiles that keeps water and other liquid substances from seeping through the tiles.  On another occasion when the boys and I managed to drive a basketball through the 1st floor Puja room window, replacing a window pane turned into a project where all window frames were ripped out, new ones made and re-installed along with new “toughened glass”.  As if this was not enough, the manufacturing of the window frames was done in-house – my house!  So I had the pleasure of interacting with Ramtirat and umpteen numbers of workers at any time of the day, whether I wanted to or not.

And he made sure that I knew the progress daily, whether I wanted to or not.  A typical interaction would go something like this.  Without fail, as I would try to grab a quick mandatory breakfast before running out the door, Ramtirat would appear out of nowhere and begin to tell me the progress of the previous day.  “Sir Ji, dhancha bun gaya hai, bus ab to khali lagana baki hai”.  Great, Ramtirat, how much more time?  “Bus, ab do char din mai ho jayega”, he would respond.  Then when I would inquire about the sequential tasks that needed to be done - the installation of the window frames (the dhancha), the actual glass being fitted on the frame, and the handle and locks - I would realize that the “do char din” actually equated to 12 days and that was if all went like clockwork – all labour showing up each day, the glass guy providing the cut glass on time, etc. Of course this never happens, so realistically I estimated about 15-16 days.  If you remember the original issue was of the basketball hitting the window and would have actually cost me Rs. 1100 and about fifteen minutes of installation.  The basketball hoop in the driveway was out of commission for the 3 of us boys for quite some time now – not enforced by the usual enforcer, Kavita, but rather by me!

Also, Ramtirat had the uncanny habit of catching me whenever I was in a rush.  And he would insist on explaining the progress of the work and demonstrating how he has gotten the best deal from the retailers on any product, how he has caught other workers in doing low quality work and overall proving how he is le man - the superman.  When I would say, “Thik hai, time par ho gayega na; kaam thik chal raha hai; problem phir to nahi aayega?”,he would respond, “Haan Sir Ji, aaeye, apko dikata hun”.  When I would tell him that it’s Ok, I had to run and he should just take care that the work is happening well and on time.  He would insist, block my way to the car and gently nudge me towards the inflicted area of the house.  He would get into details of how the cement used has been mixed just right, how the water has been poured, how this was the ultimate solution to, quite often, a recurring problem.  “Nahi, aap samajhyai”, he would demand, as he would demonstrate his superior thinking, problem solving and execution abilities.  There was no choice in the matter, work and meetings at the office would just have to wait, Ramtirat was in charge!

Oh and if I upset Ramtirat, he would not eat our chapatis for lunch and I would hear about it in the evening. So I had to be very very careful not to hurt his sentiments.  “Bahut barya Ramtirat, aise he kaam karte raho”, I would say and try to run towards the car.  Of course what I wanted to say was, “aglai janam mai, kash mai bhi Ramtirat banta to chandi hi chandi”.  However by now with the numerous interactions Ramtirat and I have had, he may pick up that I am being sarcastic and I couldn’t risk hearing about it from my beloved Kavita in the dining table.  So as I am forced to do often at work, I bit my tongue, ignored my thoughts and tried to think new “nice” thoughts.

Anyway, I do thank my lucky stars that he is around to solve our emergencies and overall we don’t have it so bad, at least compared to one of our friends, Miyasha.  Ramtirat is, if I must confess, originally Miyasha’s superman and still continues to be.  She is the one who introduced us to him.  Miyasha has a beautiful custom-made home in Shushant Lok, who’s interior and exterior have been planned to perfection.  She keeps the house absolutely immaculate.  

Now while people say that I have been known for exaggeration, but I kid you not here -I’ve seen Miyasha’s beautiful Swedish wooden flooring (not the cheap slab stuff, the expensive actual wood stuff) in the living room and/or dining room flooring literally ripped out 2 times within a year due to termite infestation.  Some treatment is done and new, equally expensive flooring, is reinstalled.  The same has happened with her kitchen woodwork and even the 1st floor bedroom cupboards – she doesn’t have almirahs.  Ramtirat knows every area within that house as he was sort of a self-appointed Quality inspector/manager when it was constructed from scratch, finding faults with the contractor and labour and volunteering valuable inputs.  

Seven out of ten times when visiting Misha’s home we can be sure to find Ramtirat running a mini or major project and totally in charge of the labour running about.

Among Ramtirat’s great sayings, or Ramtirat-isms as I fondly refer to them are:
  • When it is decided to meet at a certain time and place to either begin some work or to discuss the work, he often says, “Mauke pe chaunk jaonga”,   - which I have been able to best decipher to mean that he will arrive at a specific time at the location where the work is required to be done, usually my home.
  • Another doosey you hear from him when he is convincing Kavita to paint our house or to polish the furniture or generally to spend money is “looookh aa jayega” or “get-upaa jayega” – meaning that the proposed work will make the house or specific area look much better or much more appealing.  And we should spend the money without a second thought.
  • “Permamment” refers to not a flavor of chewing gum but to something that is not temporary, but good quality and will last.  This is usually said every time he is convincing us to redo work based on a previous fix not working – apparently that was not “permamment”.  “Do it right the first time” or 6-Sigma Quality was not in his book of learnings or teachings.  But there was clearly a reason for this.

On Sundays or days that I am a bit more relaxed, I occasionally do have philosophical business related discussions with Ramtirat.  We discuss business models and usually I learn a lot from these interactions – a clear lesson that text book knowledge does not stand anywhere when compared to practical, on the job knowledge.

On one occasion we discussed the difference between project work and the importance of annuity revenue. I let him know that my company at that time provided services to Customers that would be fixed time in duration and would be for a set fee – project revenue, I referred to it as.  And the other kind of revenue would be when we would do, for example, annual technical maintenance for corporate Customers, like manage their technology and internet infrastructure.  The annual maintenance would be for a set fee annually and would continue year on year.  So risk free continued earnings throughout the year and approaching years as well.  I explained to him that while project work may be more interesting to our engineers/workers the annual contract was risk averse and brought more guaranteed revenue and paid the bills.

We discussed great writings like, The Mythical Man Month by Frederick P. Brooks Jr, which talks about how to control run-on projects and overall project management.  I acknowledged Ramtirat in his expertise in being able to take emergency work, turn it into projects and then turn the projects into annuity revenue.  He had the knack of doing the work in such a manner that annuity revenue and new projects were assured through the year – work, rework, and more work.  I told him how we have been trying to replicate his fine-tuned model at our technology based services company.  Again, I saw the glimmer in his eye as both of us raised our cups of warm tea and saluted in the air. I think I managed to get my point across in a friendly manner with tea and biscuits, without fear of having to hear about it in the dinner table from my beloved. This Ramtirat was a smart cookie; he smiled widely and after this interaction I actually got a bit of a bow as he folded his hands together, said “Namaste sir ji” and headed out the rear balcony door.  As he left, again I know that I spotted a glimmer in his eyes.

So here’s to fix-it-men, handymen, or our domestic Supermen.  Life would certainly not be the same without them.  It’s kind of like what we say about our spouses at times, “Can’t live with them, can’t live without them”.

Hail to our local Superhero – the handy-man!

Wednesday 18 December 2013

Noida: The official money maker of the real estate market


Written By: Sanya Kaushik

Real estate investment is one of the most lucrative businesses in India right now. There are several areas that preside at the forefront of this highly profitable market. One of the most investment-friendly of these areas is Noida, or New Okhla Industrial Development Authority. Noida is one of the best places to invest in because it enjoys certain benefits that are as unique as they favorable.

Noida only came into existence in 1976, but has been molded and developed into one of the biggest and most economically significant hubs of India. All the properties in this area have been privy to a price appreciation trend that has left the entire real estate community dumbstruck in its wake.

The infrastructure benefits that this commercial hub provides are matchless to a large extent. Its excellent connectivity is augmented by the Yamuna Expressway on one end and the Noida Expressway on the other.

Given the profound interest, this city has attracted over the years, several IT companies, the ranks of which include Dex Consulting, IBM, Miracle, Fujitsu, Dell, Ericsson, Accenture, Samsung, Metlife, Indus Valley Partners etc. Reputed news channels like CNN-IBN, Zee News, TV Today Group, NDTV, CNBC, India TV also have their offices in Noida.

Numerous educational institutes like Gautam Buddh University, Mahamaya Technical Institute, Jaypee Institute of Information Technology etc have enhanced the reputation of Noida as a comprehensively significant India metropolis.

The real estate market in Noida has also been incredibly beneficial for the Indian economy. The median appreciation of properties in Noida is 10-11% (latest quarter appreciation). The yearly rate reaches up to and even surpasses 18%. This translates to a high rate of return in a relatively short period of time.

Many reputed developers like Jaypee Greens, BPTP, Omaxe etc have established scores of commercial and residential properties here. Of these, Jaypee Greens has been the biggest contributor to the transformation of Noida’s landscape. They have masterminded some of the most prestigious developments in Noida. These include Jaypee Greens Aman III, Jaypee Greens Kosmic, Jaypee Greens Wish Town, and many more.

If you’re looking for a place to invest your hard-earned money, Noida is your safest bet. You can sure that Noida will enhance your investment portfolio in a very short period of time.  

Monday 16 December 2013

Investing in out-of-state real estate- should you or shouldn't you?


Written By: Sanya Kaushik

The real estate industry has overtaken almost all other businesses to be today deemed as the most lucrative and profitable industry on an international scale. With so many opportunities opening up every day, it is a mammoth task having to choose between hundreds, even thousands of alternatives. One of the biggest decisions you’ll have to make in terms of real estate investment is whether or not you should invest in out-of-state property. Like all other earthly material wares, this decision has its fair share of pros and cons. 

DO IT because-

1. Property prices may be lower in other states:

If you live in a metro city, you already know that property prices in upcoming towns are lower than in your own city. If you can’t afford to buy real estate in the city in which you live, you’re better off investing in other cities where the current prices are low and more pocket-friendly.  
For example: Surat, Coimbatore, Pune etc

2. The economy of other states may be more stable than the economy of yours:

Properties in Delhi, Mumbai and other metro cities are prone to foreclosures when an economic slowdown hits the real estate market. During the year 2007, prices of real estate rose to alarming heights. As a result, people stopped buying property altogether. This led to a fall in prices and subsequent buying. However, a number of home owners had their properties foreclosed because the erratic state of the market. Places like Coimbatore and Pune are less prone to such changes. 

3. Out-of-state real estate may fetch a higher Return on Investment (ROI):

Laws and regulations, taxes, market conditions, ROI etc in another state may be more hospitable for investment than in your city. You could do a comparative analysis of all likely choices and base your decision on a quantitative investigation. 
For example: Kochi, Ahmedabad, Coimbatore, Kota (Rajasthan), Rewari (Haryana),Bhiwadi (Rajasthan) etc. are in nascent stages of real estate development and are expected to fetch high returns in a few short years. 

Speed bumps to consider-

1. Unfamiliarity with the market:

You will probably be unaware of the market that prevails in your preferred state for investment. Geographically, socially, economically, you are completely oblivious to the real estate and other conditions prevalent in this city. 

2. Unfamiliarity with the property tax laws:

Real estate tax laws differ from state to state. You will have to do a lot of groundwork regarding the same in order to avoid accidental tax fraud. 

3. Maintenance and upkeep:

Maintenance of the property can be a problem considering you’re not there to oversee the same. Cleaning, water damage during the rainy season, clogged pipes etc can easily bring down the value of your home. 

Since you cannot be physically present to supervise all the nitty-gritties of the out-of-state property, your best course of action would be hire a top-of-the-field real estate company that can look after your assets for you. You may have to spend a bit now, but it’ll pay off in the long run.

Saturday 14 December 2013

Hallelujah Bollywood – The Reality and Realty


Written By: Sumita Roy

In a recent interview at Yale, Shahrukh Khan, the Indian superstar, has commented that Bollywood is the only industry which has successfully survived the impact of Hollywood Film Industry like no other regional industry existing on the face of earth. Well I think it is really a wonderful piece of information that every Indian will be happy to receive. After being rated as a third world country and an accumulator of bits and pieces of ideas regarding management and policies from countries like America, England, Switzerland and many more, it has ultimately come up with success in its film industry.

When I heard this news I was filled with real complacency about my cultural heritage from which the film industry incorporates and feeds their stories. But on thinking hard I came up with a very different interpretation. Films become successful economically and popular as more and more people watch them. For a country like ours, with its population density topping the charts, we have all the people ready to offer money in exchange of a bit of entertainment.

Another important factor helping this boom in the industry is our vast mass of illiterate, desi citizens, who would prefer to watch regional movies than the Hollywood ones. The money this industry makes out of us is the profit they use to release their pictures abroad. And they become more popular and successful from which the producers and all the other marketing officials stand benefitted.

This is how producers, directors, and stars own posh homes that further become landmarks in the heart of the city, and again commoners like us ‘pay’ visit and boast of seeing those architectures to our near and dear ones. Be it the beautiful Mannat owned by the very same Shahrukh Khan; Jalsa, Prateeksha, Janak and another new bungalow (unfortunately, I could not find its name on Google) owned by our BIG B Amitabh Bachhan; the CEO of UTV Motion Pictures, Siddharth Roy Kapoor  gift to his lady love and newest wife, Vidya Balan, a 14 crores bungalow named Parineeta and so on. I hope you get my point that the list is not to end so soon.

Therefore, congratulations to all of us Indians! Because in spite of having paralyzing population, illiteracy and economic discrimination we still have got plenty of movies to watch and entertain ourselves. Hallelujah Bollywood!!

Friday 13 December 2013

Faridabad: The city of GEN-X professionals and home owners


Written By: Sanya Kaushik

Up until as recently as a decade ago, Faridabad was the Indian edition of an old horse town, tumbleweed running across dusty, half-built roads; miles away from civilization, almost entirely devoid of the human touch. Today however, it has transformed into a commercial and residential hub of Delhi NCR.

The top builders of North India, like BPTP, Supertech, Omaxe, Paramount, Parsvnath, Bestech etc, had, up until now, limited their construction activities to Delhi, Gurgaon and Noida. These areas were the golden geese of the 21st Century real estate industry. Faridabad was almost written off as a financial death trap, a place that may never amount to anything other than an ephemeral homestead for those who couldn’t afford to live in the metro city.

It was the evolution and development of the infrastructure that illuminated the immense latent potential for development in Faridabad. It was like someone suddenly put Faridabad under a blinding light, and all the hitherto hidden possibilities revealed themselves to the real estate artists of our generation.

Today, Faridabad has a network of roads and railway lines that is unmatched to a great extent. The Delhi-Agra National Highway No. 2 passes straight through the center of the city. It also has major railway stations like Old Faridabad and New Industrial Township. There are several socially significant places like the Nahar Singh Stadium (seating capacity of 25,000) and the Khel Parisar sports complex.

Faridabad is also the industrial hub of India, playing host to reputed companies like Birla VXL, Yamaha, Escorts Group, Mahindra Defence, Havell’s, Whirlpool, Khaitan etc. The residential component of Faridabad has come up very recently, with developers like BPTP, Supertech etc launching several large-scale luxury projects in some of the most superb localities of Faridabad.

One of the latest projects in Faridabad is BPTP’s Park Elite Floors II, a new residential community coming up in Sector 75, 82 and 85. It is a low-density, mid-income housing project, comprising of opulent 3 BHK and 4 BHK independent floors.

This is only one of scores of gorgeous residences that Faridabad has to offer to contemporary home owners. In a few years, Faridabad is going to be one of a futuristic mega-city, with some of the best homes and offices spaces in the country.

Wednesday 11 December 2013

An Ideal Tenant


Written By: Sumita Roy

Most of the Indians who own decent flats prefer to rent it to families. Why is that? Well, if I am an owner of a moderate apartment I would have it in my primary interest that my property is well taken care of, the rents are duly paid on time and that I do not receive complaints from neighbors. This can only be expected from a well organized and decent family.

But in a metropolis, there is a vast majority of unmarried people who come to realize their dreams. They need a roof on top and so form a bulk of population ready to be taken in as tenants. But whom would you prefer- a male or a female. Well, that takes us to the age old discussion about the battle of the sexes.

If you take up a female as your tenant you are assured of least amount of noise in the house and almost no complaints from neighbors. Women do throw parties and have fun in their homes but they know the limitations, most of them come home within time and since they are shyer of the sex, tend to pay their bills on time. Proper treatment of your property is assured by her habitation as most of the women have a caring and preserving nature. And more importantly most of them will not be Helen ‘Hel’ Remus of The Capture of the Green River Killer over whom you will have to fret.

But men tenants are easier to find. They occupy a major share in the would-be tenant area. With their expertise in changing lights, finding plumbing solutions and being of help in more ways than one they too seem to be a good choice. But with them you have to adjust with the loud noise that they play as a feed of their ultra musical minds; the noise they may, or well are most likely to, create while partying with friends, quarreling with neighbors and fighting them off, after which you may receive a complaint on the next day. Your property may become the epitome of un-cleanliness and junk spot with natural organisms like cockroaches, mosquitoes, lizards and many more insects finding their blissful harbor. 

But with women you cannot have the complacency of fixing electrical and plumbing discrepancies every time they occur. Even with a cockroach entering her heavenly abode you will have to run to her rescue or see her world falling apart with a background of screams and banters flowing in the air.

Thus it is a pretty easy choice between male or female, whom do you want to be your ideal tenant? Personally, I think a robot would be the best option that would do all the work without a hitch and make electronic payments on time.

Monday 9 December 2013

Waste to wonder! 5 domestic waste products that can be used to beautify your home


Written By: Sanya Kaushik

With so much emphasis being laid on the protection and preservation of the environment, it is only fair that we do our bit to help clean up Mother Earth in any way we can. By recycling and reusing everyday non-biodegradable items around the house, you can help reduce the release of ecologically incompatible waste into the environment. Not only do these things help in trimming down the alarmingly high carbon footprint currently threatening the future of the natural world, they also make for excellent ornaments.

Here’s a list of some of the non-biodegradable things you can use to give your home a face-lift:

  1. Glass and plastic bottles: Glass bottles, especially empty wine bottles, can be used as tiki torches, candle holder, fairy light holders etc. You can hang them off the ceiling, place them on tables; you can even place photographs in them to create inventive photo frames. Plastic bottles can be used to grow money plants and other small shrubs. 
  2. Cardboard: Cardboard from old shoe boxes, drink cartons etc, can be painted over and used as provisional book cases. You can cut out flowers from them and make an artificial bouquet. You can cover it up with printed paper and make a bowl out of it. 
  3. Shampoo bottles, juice boxes, and other plastic containers: You can slice empty containers in half, paint them in pretty colors and use them to grow money plants; as utensil holders, key boxes; to keep spare change and other small objects, bird feeders, etc. 
  4. Old T-shirts and shirts: Instead of throwing out your old Pink Floyd T-shirt- which, let’s be honest, is nothing short of sacrilegious- just make it into a pillowcase or cushion cover. You can even put it in a nice frame and turn into an eternal memorabilia. 
  5. Cracked mugs: Don’t throw out mugs unless they’re completely broken. You can use cracked mugs as toothbrush holders. You can keep your make-up brushes in them. As decoration, you can put small shrubs in them and place them on the dining room table. You could put colorful stones in see-through mugs. They’ll liven up your home and at the same time, spare the environment the trouble of breaking out synthetic compounds. 

Every single object has immense potential for beauty. You just have to be willing to recognize it. Don’t throw away anything till you’re absolutely sure it’s beyond salvaging. Who knows, today’s dirty orange peels could be tomorrow’s make-shift bouquet.

Thursday 5 December 2013

How to Make Your Home a Stress-Relieving Haven: Part 2


Written By: Sanya Duggal

In continuation of Part 1 of the series 'How to Make Your Home a Stress-Relieving Haven', here are some more tips:

De-Clutter

Look around and assess all the objects in your home. Then-

  1. Throw out the things that you no longer want, need, or use. Do away with old magazines, clothes you don’t wear anymore, broken/torn/useless items.
  2. Wipe down all the things which you require and place them in an organised fashion. Use less things if you can’t clean regularly. Don’t let dust settle over things.

Why? Cluttered homes have a negative impact on your psyche. Clutter makes you feel tired and hopeless. Not only is it visually draining, but also makes you feel fatigued and out of control of your life. Everything around you – organise it, or donate it/throw it. On the other hand, a clean, organised home gives you a sense of calm. It creates a positive vibe in and around you. An uncluttered home radiates positivity and you feel healthy and in control of your life.

Include happy and positive artefacts

Make sure that you surround yourself only with positive and happy objects. Some tips regarding the same:

  1. Pictures communicate. Hence, happy pictures used for décor would convey joy and cheerfulness. Alternatively, you can put photographs of friends and family. Every time you look at them, they’ll remind you of good times and blissful memories.
  2. Make sure that the first thing you see on entering your room is something positive. Pictures of friends, objects gifted by loved ones, or any other thing that your are emotionally attached to and that can make you feel good.
  3. Avoid putting pictures of wars, skulls, etc in your home.

Use soft Lighting

Lighting is a mood modulator – as most of us already know. Adequate lighting in your home will definitely help in creating a positive vibe, hence leaving you feeling refreshed and rejuvenated.

A healthy practice is to open the windows of your home during the daytime. Allow in fresh air and sunlight. The more natural light, the better it is.

Also, artificial lighting should be adequate. Too much, or too little lighting can cause harm to you and to your eyes, especially. Soft lighting, controlled with dimmers, or just candles are always recommended.

To conclude, Utilize the right colors, de-clutter, include positive artefacts, and use soft lighting – and observe how these little changes enhance the quality of your life my making your home a stress-relieving sanctuary.

Click here to read Part 1 of this series.

Wednesday 4 December 2013

How to Make Your Home a Stress-Relieving Haven: Part 1


Written By: Sanya Duggal

Imagine this: You head home after a long, tiring, 10-hour working day. Probably stop to buy some daily home stuff. On the way, there’s traffic, honking, and lots of noise. All the struggles of modern life. Now imagine if after it all, you come home into a warm and welcoming vibe. You feel comfortable, relaxed and cozy.

This ideal feel is something that we all want, and in fact, need. But how to get it? Does it need too much effort? No! The best part is that it’s very easy to change the vibe in your home into the one of a stress-reliving zone. Here’s how:

Use color therapy

Research shows that varied colors in your home are not only beneficial, but therapeutic. Specific colors can create and change one’s mood, mental health, energy emotions, and outlook on life.

Here are some suggestions on which color to be used in specific rooms of the home:
  1. Blue, the color of sky and water, symbolizes calm, depth, tranquillity, trust, confidence, loyalty, wisdom, intelligence, faith, and stability. It is a good color for bathrooms, and bedrooms.
  2. Orange represents happiness, fascination, creativity, excitement, success, and encouragement. Therefore, it can be best used in areas where you want to create an energetic, lively, active environment. Kids' playroom or family room will be ideally suited for this vibrant and zippy color.
  3. The color of sunlight, Yellow, creates a warming effect. Yellow is the color of life, energy, intelligence, and most importantly, happiness. Though, how this color is used, changes its impact significantly. A dull, pale yellow can make you feel sick and inspired. And a cheerful yellow, even gold, will look brilliant when used for decoration. Relaxing areas of the home can be decorated using different shades of yellow.
  4. Red is an intense color. It signifies desire, power, passion, determination, and love. Red also stimulates a healthy appetite, so it can be used best in the kitchen (on table cloths, decor, or a wall). However, when using in a bedroom, subtle shades would be better.
  5. The color of nature, Green represents purity and serenity. The most comforting shades of green are Aqua and Olive green. These can be used almost everywhere - like offices, outdoor living spaces, porches, formal dining rooms, patios, and bathrooms. Not only for decoration, green can be used in another form too. Natural Plants can be placed in the living and dining rooms. They emanate a sense of abundance and endurance.
  6. Combining the energy of red and the stability of blue, the color Purple signifies luxury, nobility, and power. It looks radiant in luxury homes and in children's bedrooms.
  7. White denotes purity and is perhaps the only color which can be combined with any and all colors. It can be used everywhere in your home.

Every color has its own significance and if used correctly, can create a positive, relaxing environment in your homestead.

Sunday 1 December 2013

My Home


Written By: Sumita Roy

What is a home? According to the Wikipedia, it is a permanent or a semi-permanent dwelling of an individual, family or household. For me, it is the accumulation of all the experiences I had within the time from laying the foundation bricks to a beautiful decade of residing in it.  

I was too young to understand the importance of having a home that I could call my own. But I still remember the first time my folks took me to a deserted field, stood me and my sister at two different points, and went to stand in another two, making an imaginary rectangle out of it, and finally, announcing that this is where our new home is to be built. At first I thought it is going to be a palace, with such a large area at our disposal, it could not have been anything else. Even when the place was being designed and constructed I imagined it with a lot of grandeur. But when I first entered the place with walls constructed around it, I felt so lost. I lost the dream of my beautiful palace. It was a mere one thousand square feet area around me. I was no more a princess.

I could not understand my father’s toiling and his pride for that structure, nor my mother’s financial worries. But one thing I remember clearly, my best sleep. I had it on the same night I entered this fully constructed house, and the following morning, when I saw the best smiles of my parents waking and greeting me with a ‘good morning’. It is almost a decade and a half old event, but somehow magically imprinted on the lane of my memory.

I cannot say I have had a very happy life then. Because the fact is no body actually has an ideal life full of only happiness, because if he has that, he will lose the importance of happiness. I was an early teenaged girl with problems of studies, exams and a complicated life. Understanding the demands of survival was becoming maddening to me. But when I finally acquired some sense within me, I saw a lot of time has already passed, and it was time to leave home to create a brighter future for myself. 

There is just one thing, no actually two things, I still have to figure out. Why did my heart clench and my eyes fill with water when I left home for the first time? And why do I still have the urge to run to it whenever I feel low?