|
|
|
|
| REAL ESTATE |
|
|
|
area watch: bhiwadi Time for buyers to make a kill
Tax tips loan zone Ground Realty  INS and outs of
insulationIndians are weather-driven people. While good weather cheers us up, bad weather leaves us sulking and cursing. In summers, we long for winters, and in winter when extreme cold freezes our blood, we long for summers. The game goes on. Summers are, however, longer and more taxing and a time when one looks for ways to keep the heat out of one’s home. reality bites vaastu wisdom Price index
|
|
|
|
area watch: bhiwadi Bhiwadi, the first town of Rajasthan to become a part of the NCR, is truly living up to the status accorded to it. No longer just a dusty and sleepy town on the Alwar-Tijara Road, Bhiwadi is not only a thriving industrial hub but has also become an important realty destination. Hectic construction activity in over 20 residential projects and five malls here amply reflect the buyer and builder interest in this area. Here are some of the key factors that have made this town a rising star on the NCR realty horizon: Location, location, location Location and connectivity are the key considerations for increasing the realty quotient of any area, and Bhiwadi scores a perfect 10 on this front. Besides its proximity to Delhi, Gurgaon, Manesar, Bawal, Alwar and Neemrana, the area has a direct approach to NH-8 and the Delhi Mumbai Industrial Corridor runs right through it. Apart from this, it is linked to the Japanese Corridor intersection. Its being around 70 km from Delhi is not a concern for the prospective buyers and investors as the total time taken to cover this distance is not substantial due to less congestion and better roads, as Sumit Berry, Director, Berry Developers and Infrastructure Pvt. Ltd. (BDI), says, “We have to start thinking in terms of time distance rather than the physical distance. A big advantage for Bhiwadi, and for that matter cities along or near NH 8, is the ease of connectivity. The place is attracting industrialists and thus the scope of real estate growth is booming here.” Ankur Gupta, Joint Managing Director, Ashiana Housing Ltd. goes on to add, “Bhiwadi’s distance from New Delhi, which was once a big setback for the area’s growth and infrastructure has now become a boon for it. Earlier, investors were vary of picking up property here, but that sentiment is going to change now with projects like the ‘Rapid Rail Plan’. Property prices in the city will obviously be majorly impacted by the forthcoming rail link and realty in Bhiwadi will undergo a facelift and makeover of the city as a real estate destination will be complete.” In spite of rapid industrialisation, property prices in this region of the NCR are still in the affordable bracket and this is one of the major attractions for end users as well as investors. “The prices here are at least 30 to 40 per cent lower than those in Gurgaon, its nearest neighbour in NCR. It offers better facilities at a much affordable prices within the reach of the middle class buyers when compared to those in Gurgaon, Noida, Faridabad etc,” says Berry whose company has residential, commercial and hotel projects lined up for Bhiwadi. The current price is in the range of Rs 2,200 to Rs 2,800 per sq ft. The cost of a two BHK flat is between Rs 25 to Rs 32 lakh, while a three BHK can cost up to Rs 35-40 lakh. Villas with four bedrooms in an area of 2200 to 2500 sq ft may cost over a crore here. Owing to the affordable cost and world class facilities, the newly constructed apartments are in high demand and most of these have already been booked. Project watch The growth of MNCs and the commercial real estate market has given a boost to the demand for residential units here. With the region requiring roughly 16 million homes in the next 10 years, there is tremendous scope in this segment, especially in the upcoming areas like Bhiwadi. Market watchers in the city put the number of residential units coming up in different projects here at almost 8,500 at present. Some of the top developers of the region already have residential, commercial and hospitality projects here. Ashiana, BDI, Parsvnath, Avalon, MVL, Genesis, Jagrit Infrastructures, Star Realcon are some of the groups that have set foot in the area. Bucking the trend of delays that has been plaguing residential projects in the NCR, Ashiana, BDI and Kajaria groups have already handed over possessions in their projects here. Ashiana group that has been among the first developers to enter realty market in Bhiwadi already has developed and delivered six residential projects besides North India’s first senior citizen housing project (Utsav) where over 600 families are living at the moment. The group’s ongoing project include Ashiana Angan where possessions are being handed over to buyers at present. The BDI group also has a couple of projects here. “As many as 250 families are already living in our Sunshine City project and possessions were given in time”, says Berry. The group’s new project, Northstar, is likely to be launched in September and will be completed in the next three years. MVL Coral, Krish Vatika, Nimai Greens are some of the other projects offering a bouquet of choices to buyers. The demand in the residential sector is primarily in the affordable segment and the 2 BHK apartments are the hottest selling products according to real estate agents operating in the area. Looking up While land acquisition mess and the very recent water imbroglio have given jitters to the property market in other NCR destinations like Noida Extension, Greater Noida and Gurgaon, Bhiwadi’s ride seems to be clear of such potholes. “At the current pace of development I would not be surprised if five years down the line Bhiwadi gives tough competition to NCR’s star — Gurgaon — as far as property prices and living conditions are concerned,” says Berry. Industrial setting Massive industrialisation that has taken place here and is going on at present has also made Bhiwadi a realty goldmine as industrial growth always leads to increased demand for housing and commercial real estate. The Rajasthan State Industrial Development and Industrial Corporation (RIICO) is all set to make Bhiwadi region an automotive hub on lines of auto clusters of Pune and Chennai. Honda Siel has 650 acres in Bhiwadi for its car manufacturing plant, R& D facility and a key ancillary unit. Presence of other automobile majors like Maruti Udyog, Eicher, Ashok Leyland and Hero Honda along with ancillary units including prominent players like Caparo Fasteners, Climate System, Federal Mogul, Goetze, HiTech Gear, Ocap Chassis, Amtek India, Balkrishan Tyres and Continental Engines amongst others is giving a boost to the growth of manufacturing units in the region. Many prominent manufacturing houses like Saint Gobain Glass India Ltd, Orient Craft Ltd, Bausch & Lomb, Gillette India, Videocon and Jaguar Ltd also have set up units here. All this industrial activity is bound to trigger demand for quality housing in the region and has made Bhiwadi a good investment destination.
|
|
|
Time for buyers to make a kill The Indian realty sector that has traditionally been a sellers’ market is seeing the scales being tilted in favour of the buyers now. The trend has been revealed by the property index for June, 2012 released by property portal Makaan.com. The index indicates an initial softening in property rates in major real estate markets all over the country. Home buyers had adopted a wait-and-watch approach for a long time owing to high property rates and even higher home-loan interest rates. This had reduced the volume of property transactions considerably leading to an increase in unsold inventory in most Indian real estate markets. As per the June 2012 MPI (Makaan Property Index), the national index dropped from 1486 in June 2011 to 1446 in June 2012, signifing a softening of 3 per cent in national residential property prices. The reduction is louder, if one looks at the city wise analysis. Cities with maximum price reduction over the past 12 months are Hyderabad (-26%), Chandigarh (-20%) and Ahmedabad (-11%). Problems in Hyderabad are political and sentiment driven which creates volatility in the property prices. Chandigarh and Ahmedabad experienced new project launches at a significantly higher value compared to the prevailing market prices (during the June-October 2011 period) last year which took the property prices higher. These new launches caused a temporary mismatch in the demand-supply equation in these two markets. The situation has become better in the more recent past. Other real estate markets are also showing some signs of fatigue. The softening of prices is evident in markets of Chennai (-7%), Mumbai (-7%) and Bangalore (-5%). The next four to five months (in the run up to the festive season) will be extremely crucial. The property price movements in Kolkata, Pune and Delhi NCR, however, rose by 25, 16 and 4 per cent, respectively over the past one year. Apart from these Thane, Navi Mumbai, Gurgaon and Noida, too, remained unaffected by the softening of prices seen else where. In fact, Noida exhibited a phenomenal rise of 40% in the MPI figures on a year-on-year basis. The index for Noida stood at 833 in June 2011 and has appreciated to 1174 in June 2012. There are two main reasons for this significant rise in Noida real estate prices. Firstly, the city was supply constrained for better part of last year due to conflict in the Noida Extension and Greater Noida areas. Secondly, the announcement made by the new state government seems to have boosted the sentiments among home buyers in the main Noida area. The property price appreciation in Gurgaon, another suburb of NCR region, was 9.7% over the past year. The MPI for Gurgaon was 1550 in June 2012 compared with 1413 in same month last year. The appreciation in Gurgaon was slightly muted owing to the recent launches which took place 15-20 km away from the main city hub and at substantially lower prices. The main Gurgaon area continues to appreciate at a significantly higher rate. The price index for Thane and Navi Mumbai showed an appreciation of 10.3 and 10.9 per cent, respectively. However, on a quarterly basis the prices have shown a mixed trend. While national index has remained stable with a small drop of 1 per cent between March and June, cities like Hyderabad (10%), Chandigarh (+9%), Ahmedabad (+9%), Pune (+6%) and Bangalore (+4%) showed a positive price trend. On the other hand, the cities that have indicated decline in property prices are Chennai, Kolkata and Mumbai. The Delhi market remained stable during the quarter. Commenting on the findings Aditya Verma, EVP and COO, Makaan.com says, “Indian real estate market is facing multiple head winds that would keep the property prices under check at least in the medium term. A short-term correction is actually healthy for the market and would attract fence sitters thereby boosting sentiments. We expect the prices to remain range bound over the medium term (9-12 months).” — TNS
|
|
|
BridgeStreet enters India BridgeStreet — a global hospitality brand in residences, serviced apartments and suites has forayed into the Indian realty scene. It recently signed an agreement with the Logix group for 800 luxury service apartments in Noida, La Premier. BridgeStreet and its operating partner JNB Group view India as a key strategic growth zone. Speaking on the occasion, Sean Worker, CEO, BridgeStreet said, “Our planned expansion in major markets throughout India emphasises the strength of the BridgeStreet brand as we increase our global distribution system.” The group also recently partnered with JNB Group to develop its franchise and management opportunities in India. With more than 50,000 apartments in over 60 countries, BridgeStreet continues growing its inventory of properties to meet their exceptional brand standards. New project in Panvel Godrej Properties Ltd. (GPL) has entered into an agreement to develop approximately 110 acres of land in Panvel. The project will have an estimated saleable area of 3.5 million sq ft. The project is located between NH4 and the Mumbai-Pune Expressway. This project will be done on a joint venture basis. Godrej Properties has entered into a profit-sharing joint venture structure for this project. The project is expected to be launched in 2013 and is estimated to be completed in approximately six years from its launch. Pirojsha Godrej, Managing Director & CEO, Godrej Properties said, “Panvel is one of the most strategic locations for the development of a large, high-quality residential township.” Supertech Limited performed the bhoomi poojan at Araviile in Sector 79 Gurgaon recently. The ceremony marked the commencement of construction of premium homes in this project. Spread over an area of around 10acres of sprawling greens, Araville - premium homes comprises 2, 3 and 4 BHK, available in the size1295 sq. ft to 3620 sq. ft. The price ranges from Rs 63.45 lakh to Rs 1.7 cr. Speaking on the occasion R.K Arora, Chairman and Managing Director of the group, said, "Araville is the first project by the company in Gurgaon and we are excited about offering something different to our valued customers. With the construction of these premium homes, we have tried to provide ultra modern facilities in foothills of lush green Aravalis. The residents of the project will enjoy a luxurious peaceful living amidst the green panoramic view. With its strategic location, the project will provide great advantage to the residents in terms of connectivity with all key destinations, all round infrastructure and green healthy living". — As per information provided by the developers
|
|
|
Tax tips What’s the tax liability on sale of inherited house? Kindly advise about the tax liability and how can we invest the money for zero liability of tax.
— Maan Singh A.Your queries are replied hereunder: a. It is not possible to compute the amount of capital gain and consequent tax liability as you have not indicated the cost of the house. b. Each one of you will have to utilise the amount of capital gain arising on the sale of the house for the purchase or construction of a residential house within the specified period to achieve the zero tax liability. The purchase of the house can be effected within one year before or two years after the date of sale of the house. The construction of the house has to be completed within three years after the sale of the house. c. So much of the amount of capital gain as is not utilised for purchase or construction of the residential house before the due date of filing the tax return for the year in which the house was sold, is required to be deposited in a bank account under capital gains scheme before the due date referred to hereinabove. The amount so deposited can be utilised for the purchase or construction of the house as the case may be, within the period specified in (b) above.
|
|
|
—
Jasvinder Singh
A.Your son-in-law is liable to pay tax on the capital gain arising on the sale of the plot. The Return of income for assessment year 2009-10 (financial year ending 31.3.2009) should have been filed by July 31, 2009 and tax on the long-term capital gain arising on the sale of the plot should have been paid. Your son-in-law could have filed delayed Return up to March 31, 2011. It is not possible to file the tax Return at this moment. As and when the tax authorities take any action under Section 147 of the Act, your son-in-law may have to comply with the requirement of filing the Return and pay the tax. In the meanwhile, I would suggest that your son-in-law should obtain Permanent Account Number so that tax due on the long-term capital gain can be paid so as to reduce the amount of interest payable for the delay in payment of tax due on the amount of capital gain.
|
|
|
How can I
save the capital gain tax?
Q.I had purchased a 566 sq.
yard plot jointly with my friend in July, 2005, for Rs 66000. The same was
sold in July, 2011, for Rs 8,91,500 and the sale proceeds were used for
purchasing another residential plot without depositing the above said money in
bank. My queries are as under: How can I save the capital gain tax
from the above sale? Can I deposit the money now in tax-saving bonds
before filing the tax Return? — Ajay A.Your queries are replied here under: On
the basis of cost inflation index applicable for financial year 2005-06, the
indexed cost of the plot would work out at Rs 1,04,245 and the amount of
long-term capital gain would work out at Rs 7,87,255. It is assumed that you
were a joint holder and had 50 per cent share in the plot. The amount of
capital gain allocable to you would work out at Rs 3,93,628 on which tax @ 20
per cent plus education cess of three per cent thereon would be payable by
you. Your friend, the other co-owner of the plot, would also be liable to pay
tax on the above lines. You can save the tax leviable on the long-term
capital gain in case the half of Rs 8,91,500 i.e. the amount of net
consideration accruing on the sale of plot is utilised for construction of a
residential house within three years after the sale of the plot. Since you
have already utilised the amount of Rs 8,91,500 for purchasing another plot
before the due date of filing the tax Return for financial year 2011-12 (i.e.
July 31, 2012) you can claim the benefit under Section 54F of the Income-tax
Act 1961 (The Act) provided you have intentions to construct a residential
house within the period as aforesaid. This is applicable if the new plot has
been purchased by you individually and not with your friend.
|
|
|
loan zone Can I give home loan to son? Q. I am a 64-year-old retired person and live in my own house. Can I give a housing loan out of my savings to my son, who is employed, for the purchase of a flat on construction-linked-payment basis? If so, then what should be the appropriate amount of loan if the cost of the flat is Rs 1 crore and what should be the period of repayment considering my age? Also what should be the rate of interest? — Kailash Arora However, one thing is certain, if you do decide to lend a helping hand, you need to be sure that you are going about it in the right way — to protect your own interests, as well as those of your children. You can give as much money as you like to your children tax free. However, in case of death of the loan giver within seven years of making the gift, the loan will be treated as part of his estate and may be subject to inheritance tax. If you do not want to simply give your children the money, there are other options: You can loan them the money and charge interest each month. As to how much interest you will charge? It is entirely up to you (you can make it an interest-free loan also). But clearly the interest shoud be less than the market rate or the loan wouldn’t really help your son. If you do provide your children with a loan, then you should think about setting down a repayment schedule at the start and formalising the arrangement via a ‘promissory note’ which would need to be drawn up by a property solicitor. You can get the money back if and when the property is sold. When you give your children money for a deposit, you can have a ‘deed of trust’ drawn up (again, by a solicitor). In essence, this document will set out how much money you have contributed and how you will get it back in case your child sells the property after a while. In case you wish to obtain a home loan and repay it from your savings. As you have your own house, you can opt to take a loan against property and help your son build his home. You can also provide a part of your savings as down payment, so that the amount of loan is reduced. Current home loan interest rates are 10.5-14 per cent, depending on the bank and your son’s credit profile, which takes into account his past credit-management record, place of employment, etc. Also, until the final disbursement of the loan, the actual EMI payment will not begin. Instead the borrower will be required to pay interest alone, called pre-EMI interest on the actual loan disbursed in stages. So with every date of partial disbursement pre-EMI is payable up to the date of the actual EMI payment.
|
|
|
Ground Realty One of the tested and tried method of keeping the house cool is to have high ceilings and storey height. Higher storey height means cooler rooms. That’s why storey height used to be 12 to 14 ft in 1950s and 60s. Palatial houses even went up to 20 ft high. These days, however, this figure has reduced to 10 to 12 ft. In apartments, it is less than even 10 ft. Even if one wants to keep a higher storey height, the building bylaws don’t permit it in most urban areas. The alternative in such a situation is to insulate the roof against heat. Let’s have a look at some of the ways of insulating our house against summer heat: Cool roofs The roof slab of houses is invariably in RCC these days, As bricks absorb less heat than RCC, some people prefer to use reinforced brick (RB) roofing but such a roofing has many disadvantages and shouldn’t be used. One should choose RCC only and further insulate it by providing a good topping over it. For it, many types of tiles are now being offered by their manufacturers. However, brick tile, which has been in use for the past several decades still remains the best bet. The prevalent method of tile terracing can, however, be modified to provide better roof insulation. Prevalent method At present a layer of hot bitumen is applied on the roof slab and is covered with good earth laid in slope towards the rainwater pipes. A layer of 1-inch thick mud mortar is spread over the good earth layer that is 3 to 5-inch thick. Chopped straw is added to the mud prepared for plaster, if available. Brick tiles are laid over it in mud plaster. The brick tiles are then grouted well with cement sand mortar and are finally given a flush- pointing treatment. Modified method In the modified method, a 2-inch thick layer of expanded polystyrene, popularly called thermocol is laid over the layer of hot bitumen heated to 180 degree centigrade and pressed into place. The thermocol layer has a density not less than 18 kg per cubic meter. Over the thermocol layer, the good earth layer is laid and rest of the procedure as prevalent is followed. The 2-inch thick layer of thermocol has a significant insulating effect on the roof of the house. Precautions While providing the 2-inch thick layer of thermocol, precaution needs to be taken that the sheet is well pressed over the laid layer of bitumen so that no gap exists between the two to allow rainwater to seep in between them. Rainwater, if allowed to enter below the thermocol layer, gets entrapped there and has a damaging effect on the roof. Also ensure that 16.5 kg of bitumen is laid and spread over an area of 10 sq m. The joints of the thermocol sheets are sealed by applying bitumen with a brush and further, by fixing adhesive tape on them. Insulation effect The addition of 2-inch thick, 18 kg per cu m density thermocol layer in the tile terracing causes significant reduction in room temperature. The reduction is up to 3°- 4° C and it is a significant reduction. It not only provides respite from heat but also reduces load on your ACs. Heatshield application Another easy method of roof insulation is the application of heatshield, a heat-reducing product devised by a water-proofing company, on the exposed surface of the roof top of your house. Heatshield is in liquid form, ready to apply and is white in colour. It shouldn’t be diluted by adding any thinner and should be applied with brush after cleaning the surface and applying a primer on it. One litre of heatshield covers around 30 sq ft area. Two coats of heatshield should be applied for reducing the room temperature by 3°-4° C. Its long-term performance is yet to be seen as it is comparatively a new product for India. Window watch Present trend is of providing large-sized windows in homes. These extend almost to the ceiling. Further, the central panels of these windows have fixed glazing while ‘openable’ parts provided in the sides are of very small size. Toughened glass is provided in the central fixed portion to avoid provision of grills and to add beauty to the house. Large-sized fixed glazing in windows invites lots of heat and turns the rooms into virtual ovens during summers if these windows are located in west and south- facing walls of a house. House owners should, therefore, take adequate steps for thermal insulation of window glazing. Glass quality The glass chosen for the windows should allow maximum light and minimum heat to pass into the rooms. Such glass is called sun-control glass or thermal-insulation glass. This glass is coated with metallic oxides during its manufacture. It reflects minimum light, thus allowing its maximum transmission. At the same time, it reflects maximum heat radiation thus allowing minimum heat to pass to the room. Many firms have started producing sun-control and thermal-insulation glass. Most of these glasses reflect long wave heat radiation only. One should examine the company brochures and select a glass that is highly reflective to both, short as well as long wave heat radiation. Sun-control film Wherever the window glazing has already been done with simple float glass or toughened glass, sun-control film should be provided on the glass for thermal insulation. Good quality films resist 99% UV rays, 75% of solar energy and cut the glare. One can choose the film’s colour and shade. One should choose reflective films as these are provided with a thin metal layer and don’t allow the heat to pass. The films are like stickers, having a liner at the back which when removed exposes the adhesive to paste the film on the window panes. While affixing the film, care should be taken that no air bubbles get entrapped behind it. Double glazing Under-deck insulation (This column is published fortnightly)
|
|
|
reality bites The real estate industry is attracting significant investments in seven of the 20 top well-performing states even as the property market is facing slowdown; these were the findings of an Assocham study conducted recently. According to the report Haryana saw almost 50 per cent of its investment coming in the real estate sector as of December 2011. The other states attracting sizeable investment in the sector includes Uttar Pradesh, Maharashtra, Gujarat, Karnataka, Andhra Pradesh, Tamil Nadu, Rajasthan and Punjab. High interest rates on home loans and global economic uncertainty are the main reasons for the slowdown in the sector. Most of the companies have been showing decline in profits for the last several quarters. The study found that "the investment in real estate has a strong nexus with the growth and investors' interest in the services sector". The services sector also attracted a good chunk of investment in the states which were fancied by investors in the realty sector. "In Haryana as of December 2011, the services sector accounted for about 34 per cent of its total investment. Similarly, in Maharashtra as much as 37 per cent of its total investment went into the sector", Assocham Secretary General D.S Rawat said. As Gurgaon bordering Delhi has become a hub of domestic and multi-national companies, the real estate development was the focal point in Haryana as the sector attracted 49.7 per cent of the total investment in the state, the study said. "What Gurgaon has done to Haryana in terms of investors' interest in the real estate sectors, Noida and Greater Noida have done for Uttar Pradesh", it said adding in UP, the realty sector accounted for 22 per cent of the total investment in the state. Of its total investment of Rs 4.98 lakh crore as on December 2011, the real estate sector accounted for Rs 2.48 lakh crore in Haryana, which has other towns like Faridabad, Sonepat, Ambala, Panipat and Karnal where the realty sector is growing fast, even though they are no match for Gurgaon, it added. Delay dogs mall space The retail real estate market recorded a deferment of more than 30 per cent of retail mall space against the projected supply in the first half of 2012, according to a report by Cushman & Wakefield (C&W). A fresh mall supply for H1 2012 stood at 2.27 million sq ft (msf). Approximately 1 msf of expected mall supply was deferred to the second half of the year or next year, the commercial real estate services firm said. National Capital Region (NCR) saw the highest mall supply deferment of over 80 per cent, ensuring the city maintained vacancy levels at 28 per cent. NCR saw only 120,000 sq ft of mall supply in Q1 and no supply in Q2 2012. Bangalore witnessed the highest mall supply of 1.5 msf in H1 2012. The retail activity in the city continues to remain strong as the new mall supply became operational with 90 per cent occupancy. Jaideep Wahi, Director, Retail Agency, C&W India said, “This slowdown in mall construction need not be viewed as a negative growth indicator for the retail real estate segment. The current pace is, in fact, expected to help in maintaining a healthier supply to demand equation; especially for oversupplied micro-markets”. With high vacancy levels as well as cautious expansion plans of retailers, the deferment of supply is a necessary measure to bring stability in the retail market, he said. According to C&W, rental values across most mall destinations within these cities remained largely stable, except for certain micromarkets in Bangalore, NCR, Kolkata and
Mumbai.
|
|
|
vaastu wisdom Q. We are building a house in Chamba. As in the hills we have slanting tin roofs, kindly guide regarding the slope of this roof. — Jagjit Rana If there are chimney stacks then these should be on the south or west side only. Overhead water-storage tanks that are heavy should be on the south or west of the building and never on the north-east corner, as the north-eastern section of the roof cannot tolerate heavy burden. Any weight located there will obstruct the flow of prosperity. Houses with flat roofs are considered neutral, as long as there are no overhead water-storage tanks located in the wrong place. A roof with two sloping faces is considered to be auspicious if it slopes towards the north or the east. A pyramid shaped roof is neutral as it slopes evenly on all sides. Ideally the chimney stack should be located on the south or the west side.
|
|
|
Home next
to a temple
Q.I have a 280 sq yd plot. On the western side of this plot is the eastern wall of a temple. Is it is ok to build a house on this land? The plot is facing north. In case there is a problem with the directions then do suggest a Vaastu remedy. —
Deepika Puri A.Generally, one should avoid having a home close to religious places, cremation grounds, hospitals, schools etc but with land becoming scarce now it is sometimes unavoidable. These places also mean traffic congestion, noise pollution and lack of security. The house must be located at such a distance that the shadow of the shrine doesn't fall on your house.
The remedy in such a house is to install a saffron-coloured flag on the top which is higher than the height of the religious building.
|
|
|
Price index 2,200 to 3,000 Landran-Kharar Road 2,000 to 2,700 Landran-Banur Road 2,500 to 3,200 Zirakpur Around Ambala Highway 1,700 to 2,600 Around Patiala Highway 1,700 to 2,500 Dakoli (Zirakpur) 1,800 to 2,600 DeraBassi 1,600 to 2,200 Peer Mucchalla 2,000 to 3,000 Please note : The prices are indicative only and may vary as per the plots size, approach road, location etc. Source : Nirmal Infrastructures E.Mail:nirmalinfrastructures@yahoo.com
|
Bhiwadi, the first town of Rajasthan to become a part of the NCR, is truly living up to the status accorded to it. No longer just a dusty and sleepy town on the Alwar-Tijara Road, Bhiwadi is not only a thriving industrial hub but has also become an important realty destination. Hectic construction activity in over 20 residential projects and five malls here amply reflect the buyer and builder interest in this area. Here are some of the key factors that have made this town a rising star on the NCR realty horizon:
The Indian realty sector that has traditionally been a sellers’ market is seeing the scales being tilted in favour of the buyers now. The trend has been revealed by the property index for June, 2012 released by property portal
Makaan.com. The index indicates an initial softening in property rates in major real estate markets all over the country.
Home buyers had adopted a wait-and-watch approach for a long time owing to high property rates and even higher home-loan interest rates. This had reduced the volume of property transactions considerably leading to an increase in unsold inventory in most Indian real estate markets.
Bhiwadi at present has almost 3,000 running industrial units. As per the 2011 census figures there has been a threefold increase in the population of the area in the past 10 years and the growth of industry is a major reason for this. The city boasts of having several multinational companies. Currently, a few of the main ventures in Bhiwadi include the car plant of Honda Siel in Khuskhera, the power plant in Jhajjar by Reliance, SEZ of Reliance, KMP Expressway etc. As an investment destination for the 4,000 sq km Delhi-Mumbai Industrial Corridor where multiple Special Economic Zones (SEZ) have been approved by GoI, it is attracting Foreign Direct Investment (FDI) in real estate, IT and ITES, automobile, glass technology, packaging, logistics and cargo, heavy machinery equipment, construction material, medicine, food processing, electrical, metal and metal processing etc from Japan, Singapore, Malaysia, European Countries, USA, Korea and China. 
Q.After the death of our father and as per his Will a constructed house was transferred to us two brothers. The house (250 sq yd) was constructed by our father in 1965. We sold this property for Rs 60 lakh and got Rs 30 lakh each. One of us has purchased a 250 sq yd plot and paid Rs 20 lakh to the developer builder by March 31, 2012. The payment of the remaining Rs 7.5 lakh is yet to be made and allotment letter will be issued only after making this payment.
Q.My son-in-law bought a 550 sq yd plot in Sunny Enclave near Kharar for Rs.16 lakh in August, 2005, and sold it on Power of Attorney in September 2008 for Rs 25 lakh. He is settled in USA and was a Green Card holder. He did not know about the capital gains and had got the DD for Rs 25 lakh in my name. The money was deposited in bank and was used. I don't know about the tax liability in this case. Kindly guide what can be done now?
A.Clearly there is no straightforward answer to this question as it is a personal decision that will be influenced by your relationship with your kids and your financial circumstances.
Double glazing is prevalent in commercial and office buildings these days but is not so popular in the residential sector because of its high cost. In double glazing, a 12 mm air gap is provided between two layers of glass. The outer and inner glasses are 6 mm thick each. The outer face of inner glass is coated with low E coating to minimise heat transmission through the glass. Double glazed windows with low E-coating are quite effective in thermal insulation of windows but suffer from two disadvantages. One, these are very costly and secondly, moisture often crops inside the air cavity and gets entrapped there. This moisture remains trapped for a long time and looks awful. Silica balls are added in the air cavity to soak the moisture but also get saturated soon. Thereafter, only solution to remove the moisture is to replace the double glazing.
Another effective method of roof insulation is to provide under-deck insulation. In this method, a 2-inch thick layer of expanded polystyrene or thermocol sheet is fixed to the underside of ceiling by using rawl plugs and GI screws. The density of thermocol is not to be less than 18 kg per cubic metre. Precaution is taken that no gap is permitted between the adjacent thermocol sheets. This method of insulation is also very effective. However, it should be used only if false ceiling is to be provided in the house. In such a case, GI wire mesh is fixed over the EPS sheets and the surface is finished with POP. 
A.Sloping roof should be even on both sides or if it is irregular, slope should be more towards the north and east and less towards south or west.
Kharar (Chd-Ldh highway)