|
|
|
|
| REAL ESTATE |
|
|
|
real picture: greater
faridabad Bitter ‘home’ truths 
It’s a given fact that location and name can define the real estate fortunes of any area. That, perhaps is the reason why one often finds prefixes like “New” and “Greater” and suffixes like “Extension” appended to the names of already established areas.
An incomplete stretch of road in Greater Faridabad
tax tips
market pulse
Green homes need regular care
Green house
vaastu wisdom
launch pad
realty bites
|
|
|
|
real picture: greater
faridabad
It’s a given fact that location and name can define the real estate fortunes of any area. That, perhaps is the reason why one often finds prefixes like “New” and “Greater” and suffixes like “Extension” appended to the names of already established areas. Enterprising developers scout newer locations, get land at cheaper cost and launch residential projects offering “home-hungry” people “affordable” options with “New”, “Greater” and “Extension” added to these locations. But, buyers must be cautious as the upcoming and promising destinations may take much longer than what is advertised to become actually liveable. Till then there is hardly anything “new” or “greater” there and in most cases “extension” is just the extension of the residents’ woes.
Lack of proper civic infrastructure and basic facilities can not only make living a “stressful” experience, but may also affect the value of your property negatively making it a dead investment. A very vivid example of this hard fact is the Greater Faridabad pocket in NCR. The dream of thousands of families that are already living here or those waiting to shift into this ‘ultramodern’ residential hub of the industrial city of Faridabad, has turned into a nightmare due the lack of basic amenities here. The new city located across the Agra and Gurgaon canals and also known as the Neharpar Area, is still awaiting drinking water supply system and sewerage connection to be provided by the state government agencies. A majority of residential societies developed by private builders are functional here for the past over five years, but these are still dependent on ad hoc measures for the supply of water, power and sewerage connection. None of these facilities has been provided so far by the government departments despite the collection of all charges from the end users. And that is not all, the state of affairs regarding the development of other common facilities, including education, healthcare, shopping areas and security measures, too, is virtually non-existent. All this has resulted in lot of inconvenience for home buyers who have invested here and moved into their apartments. The developers and builders, too, are the aggrieved lot as this has hit the sales. The sectors developed or being developed for residential purposes are marked between 70 to 89, of which 79 has been earmarked for commercial purpose. HUDA has also announced that it will set up a residential area in sectors identified as 75, 76, 77, 78 and 90 besides the existing high-rise group housing societies. Missing links Water and sewerage: The residential hub of Greater Faridabad was carved out around 2005 for providing residential facilities to people. “Though about two dozen builders were issued licences by the department of Town and Country Planning for developing around 18 residential sectors, a total of 18 developers have either constructed residential complexes or are in the process of completing these. The possessions in some of these were handed over in 2009”, claimed Pradeep Kumar Kaushik, a property consultant based in Faridabad. While around 5,000 families have already shifted to the new city and thousands of crores have been collected as EDC (External Development Charges) and IDC (Internal Development Charges) by the agencies concerned, these residential areas have virtually no civic amenities. K. Kumar, an official of the leading private builder company here said the builders had employed own measures like tubewell and septic tanks to provide water and sanitation facilities to the residents in their projects. He said the sewer waste was disposed at regular intervals in open space. Private tankers collecting and disposing it along the Agra Canal in the vicinity of the bridge located near Kheri village is a common sight. Power: Power supply is another area of concern for the residents here. While no proper substations have come up in the area, the builders have resorted to laying their own supply cables to draw power from the substations located several kilometers away. “We have paid several lakhs for the installation of power supply cable from the substation”, claimed a spokesperson of one of the builders in Sector- 87. The power bill is also 30 per cent more for the residents of societies where the occupation is less than 70 per cent. Health and education: “The area is yet to have any government school, college or any educational institution owned by the state government. Around half a dozen schools that have become operational, too , have been set up by private organisations, who wanted to cash in on the demand of schools from the families residing in the area”, claimed Ravinder Kumar, a local property advisor. He said no government institution of any kind had come up in the new location so far. Regarding the medicare facilities, he said there was not a single hospital in the entire hub even though several sites had been earmarked for hospitals but were yet to be allotted. Safety and security: The issue of security is always on the mind of the consumer who comes to buy or to live in a new locality, says Kaushik, who claimed that the authorities were too slow in providing the security network in the area and this had resulted in several incidents of crime over the past few years. Revealing that only one police post had come up so far in Sector - 85, he said families dread to move out after 10 pm. Property value goes down All this has hit the property rates. The property rates had zoomed to
Rs 35,000 per sq. yd at one time, but these have seen substantial correction over the past couple of years due to this lack of development. This has also made several other developers go slow on their ongoing projects. According to Deepak, a real estate consultant, Greater Faridabad had become a victim of slowdown basically due to the slow pace of development and unusual delay in possession of residential properties in the area. He said the property rates of
Rs 5,950 per sq. ft in some of the high-rise structures had fallen by almost 20 per cent. Price trends As per a recent analysis by Makaan.com the per sq ft price for renting a property in Faridabad is
Rs3,746. 6-month price trends: The property prices have dropped by 25.81 per cent. The psf rates have changed from
Rs5,085 to Rs3,746 during this period. 3-month price trends: The property prices have dropped by 24.71 per cent. The psf rate has changed from
Rs4,643 to Rs3,746 during this period. Official take HUDA, which had collected EDC from the developers, claims that the process of providing the basic amenities was slow due to some legal hassles. A.K. Gulati, the Superintending Engineer of the HUDA said the department had already built roads of 38 km length out of the total 44 km targeted to be provided in the zone. He said sewer pipes of around 36 km (of the total 45 km) have also been laid and the overall work regarding the laying of roads, drainage and sewer pipelines was expected to be completed by June 30, 2015. He said had there been no legal hassles, the work of development of basic amenities would have been over already and within the set time frame. The connections would be provided to housing societies as soon as the work would get over, he added. However, according to Renuka Singh, the DTP here, it was the builders’ responsibility to provide the basic amenities of water, power and sewerage to the residents on temporary basis till it was built or developed by the government agency, which she said was included in the conditions attached to the licence released by the department concerned to any builder.
|
|||
|
tax tips
A.According to the facts given in the query the lease is in the name of your grandfather. Your uncle, therefore, could not have executed a Will in respect of the land on which his house had been built. The query does not indicate the terms on which the lease had been granted. Assuming that it is possible to get the leasehold interest transferred, an immediate action is required on part of the family to get such leasehold interest transferred in favour of the legal heirs for that part of land on which your uncle had constructed a house and in respect of that part of the land on which your father had construed the house. A lease deed normally prohibits the transfer of leasehold interest in land without the permission of the lessor unless certain amount of unearned increase with reference to the value of land is paid to the lessor. However, in case leasehold interest in the property is transferred to family members, the lease deed normally provides for a transfer of leasehold interest without payment of unearned increase to the lessor.
Can my son claim rebate on home loan?
A.Section 80C of the Act allows an assessee to claim a deduction for the amount paid towards the repayment of loan borrowed from specified sources for the purchase or construction of a residential house. The deduction is allowable to an owner of the house. Such deduction is covered within the overall limit of
Rs1.50 lakh specified by the aforesaid Section. Since the amount has been borrowed for repairs and renovations of the house and not for the construction of the house, no deduction in respect of the amount paid towards the repayment of the loan would be allowable under the aforesaid Section. The income from house property is taxable in the hands of owner of the house and the deduction for interest paid/payable in respect of the amount borrowed for the construction of the house is permissible under Section 24 of the Act. Such a deduction can thus be claimed by you only. Your son would not be entitled to claim the deduction for interest paid/payable in respect of the amount borrowed for the repairs and renovation of the residential house.
How much TDS is to be deposited and on which amount and what percentage. —
Sanjay Jain A.According to the provisions of Section 195 of the Act, any person responsible for paying to a non-resident any interest not being interest referred to in section 194LB or Section 194LC or Section 194 LD of the Act or any other sum chargeable under the Act is required to deduct tax at the time of credit or payment of such sum whichever is earlier, and deposit such tax deducted at source with the Government of India within the prescribed time. In the case cited in the query, tax will have to be deducted under Section 195 of the Act @20 per cent plus applicable education cess on the total amount of consideration for the sale of the property and deposited with the Government of India.
Assessment year for capital gain tax
A.Section 2(47) of the Income Tax Act, 1961 (The Act) defines the term "transfer". The said definition is inclusive and covers any transaction involving allowing of the possession of any immovable property to be taken or retained in part performance of the contract of the nature referred to in section 53A of the Transfer of Property Act,1882. In a recent decision, Kerala High Court in the case of Commissioner of Income Tax, Cochin vs. Cochin Stock Exchange Ltd. (2014) (49 taxmann.com 263) has held that the capital gain is to be computed at the time when the transfer takes place and when a substantial portion of the amount is received by the assessee as consideration in lieu of such transfer. In your case, a sum of
Rs6 crore has been received after handing over the possession in April 2014 relevant to the assessment year 2015-16, which in my opinion is a substantial amount considering the total consideration of
Rs 10 crore for transfer of the property and therefore, the amount of capital gain would arise and would be taxable in the aforesaid assessment year.
|
|||
|
market pulse “This year alone PE funds have invested close to
Rs89 billion ($1.5 billion) in the real estate sector until September 2014, more than double the amount invested during the corresponding period in 2013
(Rs42.7 billion),” C&W said in a report. PE investments in the realty sector during the first three quarters of 2014 have surpassed the total investment levels for 2013 by 21 per cent, it added. “This substantial increase in investments has been predominantly in under construction residential projects followed by acquisitions of leased office assets,” the report said. Total number of deals also increased to 46 in the first three quarters of 2014 compared to 40 in the whole of 2013. “Post the global economic slowdown in 2008, the RBI had discouraged banks from providing capital to the real estate sector. This led to an increase in cost of capital for developers borrowing from other lending sources, which was quite high and availability for which was limited. “To meet capital requirements, developers are increasingly partnering with PE funds,” C&W said. The consultant said that investment activity, which was vibrant in the first two quarters of 2014, gained further momentum in the third quarter. “Investments worth
Rs49 billion ($0.8 billion) were committed during the third quarter. While domestic funds contributed majorly (57 per cent) to the overall investments in 2013, foreign funds dominated in the first three quarters of 2014 with a 69 per cent share in overall PE investments,” the report said. Investment hubs In terms of locations, Delhi-NCR, Mumbai and Chennai witnessed increased investments from PE funds during the first three quarters of 2014, with an increase in both transaction volume and number of deals from the corresponding period last year. Investment levels in Bengaluru remained stable while it declined in Pune. About 41 per cent
(Rs36.7 billion) of the total investments during the first three quarters of 2014 was witnessed in Delhi-NCR, which is an increase of close to 6 times compared to the first three quarters of 2013. In NCR, the PE investments were primarily in leased office assets. By asset-class, office sector attracted highest PE investments at
Rs 4,420 crore. Residential sector witnessed investments of close to Rs 4,180 crore while retail sector saw PE investments of
Rs 300 crore. Investor interest in the hospitality sector remained low with no investments in the segment recorded till September 2014. — PTI
|
|||
|
Every green building has passive elements and active elements. Passive elements are the ones that are included once at the time of construction, for example insulation in the walls and ceiling, reuse of materials for construction, design for ample natural lighting etc. Active elements are the ones that require attention from time to time, e.g. if one has installed solar panels for generating electricity on the roof, after the system starts working, the panels have to be wiped every week to remove the dust deposits as these reduce the efficiency of the panel to generate sufficient electricity. Similarly, for solar geysers, the panels need to be cleaned every week to ensure efficient working. The insulation of the pipes from the solar geyser to the bathrooms should be checked from time to time and any break should be fixed immediately. Sewage treatment plants (STP) also need regular checks. The septic tank should be cleaned and the chemicals that need to be added should be added regularly without fail. Places where phytorid beds are installed need more attention. Schedule a check once in every 3-4 months and regularly add the chemicals to it for effective cleaning. Other minor requirements would be the regular cleaning of the white tiles/mosaic on the roof. Double glazing, if installed, should be checked to make sure there are no leakages. All these maintenance techniques are necessary and cannot be ignored for a green house to keep its efficiency to the highest level. These small efforts contribute a lot towards creating an efficient green home with just a little bit of attention. — With inputs from Nilanjan Bhowal, Founder and principal architect, Design Consortium
|
|||
|
Green house Here are some ways through which this love for gardening can be inculcated in children so that they can become interested in their surroundings as well as realise the importance of environment conservation. Aquascaping — garden in
a bowl They have special types of leaves which help them remain afloat. Stomata of these plants are on the upper surface of the leaves to ease photosynthesis and manufacture of food. A water garden can be created by inserting aquatic plants in a decorative bowl 15 to 20 cm deep filled with water. There's no need to change the water in a water garden, but the bowl should be topped up periodically to replace the water that may have evaporated. Soil-less gardening The entire genus of Tillandsia often referred to as 'Air Plants' are epiphytic in nature that grow solely on air and do not need any soil. These absorb moisture and nutrients from the air through their leaves. These rosette-forming plants with narrow arching green leaves have a small root system which acts as an anchor to hold on to any tree, rock surface or any object that does not retain much of moisture. Their spectacular flowers with showy spikes in different hues that emerge from the centre of the rosette are bound to attract and amuse children. These plants can be decorated on walls and can even be suspended aesthetically in an inverted position to create an ‘upside-down’ garden to compliment the décor. Not only this, a portable decorated mini garden that can be shifted on special occasions can be created by suitably placing these plants on any sort of driftwood that can be placed on table-top, floor or on any flat surface. The best way for their graceful survival is to soak these plants in water periodically or alternatively misting them on a daily basis, the activity that children love. Insect-eating plants Dionaea Muscipula, commonly known as the ‘Venus fly trap’ is a carnivorous plant and the best known insect eater. It has jaw-like traps at the edges of its leaves. When an insect touches the feelers on a trap, its springs shut to catch its victim. The plant then slowly digests the insect with its digestive juices. The plant cannot be fooled by feeding it with something that it cannot eat, for the traps soon open again and reject the indigestible object. Children always find these plants magical when they see this process in action. These plants need free draining compost consisting of sphagnum moss, peat, coarse sand and charcoal. They are native to the swampy areas and hence need a lot of humidity for survival; during summer the pot should be placed in a pan or saucer of water to keep it moist at all times and should not be placed under direct sun. During winter months it should be kept just moist and not soggy; to keep the air around the fly trap warm, it should be covered with a transparent polythene carry bag using a rubber band. Besides the above mentioned plants, herbs that are normally used in the kitchen should also be experimented. The writer is President of National Cactus and Succulent Society of India Sensitive plants Introduction of Mimosa Pudica is the perfect way to initiate children to the world of plants. It is commonly known as 'touch me not' and is one of the most fascinating plants that bring hours of entertainment to children of any age. It has the unique ability to fold its feathery leaflets when touched or disturbed; the leaf stalks droop towards the stem as if the plant is shrinking. It has a tendency to stimulate neighbouring leaves to also close when one leaf closes. The leaves slowly reopen in a few minutes and the plant straightens up again. The plant accepts pot culture easily. In cultivation it grows to a height of about 30-40 cm. It displays beautiful pink clusters of powder-puff like globular flowers during summers and can pep up any location. These flowers finally develop into little seed-pods. Propagation is commonly done through seeds.
|
|||
|
vaastu wisdom A.An eye-catching style of kitchen can complement the overall look of your home. There are two choices for installation of a modern kitchen either you can make you kitchen yourself or purchase a readymade one from the market. Glossy steel, wood, laminates, plastic and granite are all mixed to provide diversity of texture, colour and a striking modern look to the kitchens now. Well-planned and well-designed modular kitchens can attract health and happiness. Here are some of the guidelines that you caqn keep in mind: Basement issues Q.We are interested in buying a house having basement but many friends have advised us against this. Is a basement a serious Vaastu dosha? — shaligram A.It has become the need of time to have basement due to limited space available for houses nowadays. Although a vacant space under the house is not considered auspicious according to Vaastu, yet some points can be compromised while constructing a basement. Preferably, you can build a basement in northern or eastern portion of the house. It is necessary to keep more vacant space in the north and east than in the south and west. Keeping this in view, the basement in north and east direction is beneficial. Ideally, basement should not be built in residential premises, but if it is essential then this area should not be used for living. Rather, it should be utilised as storage space, office, entertainment or gym area. If you propose a storage tank in the basement, it must be in NE,NW. Heavy materials should be kept in South, SW or in West direction. — The writer is Chandigarh-based Vaastu Consultan. Readers can send in their queries at vaastu@tribunemail.comt
|
|||
|
launch pad
Developer Group is the first Japanese investor promoted real estate company in India, backed by leading Japanese Corporates and institutions who have allied with Indian professional team. At the cornerstone of this vision are professionalism, transparency, ethics and reliability. Tokuyama, CIO of Developer Group India Pvt. Ltd. said, “We plan to collaborate with the best of the best from across the globe . We will be working on new technologies to find ways to satisfy customers. Solera in Gurgaon Real estate developer Signature Global group has forayed into Gurgaon with maiden residential project 'Solera' at Sector 107, Gurgaon.The project will be under affordable segment. The one and two BHK apartments in the project will be allotted by a draw of lots and will have features like zero maintenance for five years, provision for power and water back up, exclusive children's play area, picturesque landscaping, state of art contemporary construction. The project is spread across 6.125 acres with 950 units in sizes ranging from 350 sq. ft. to 602 sq. ft. The prices for the units will start from Rs 12.53 lakh. According to company spokesperson the possessions are likely to be handed over by December, 2017. Alfa square in Greater Noida Real estate group Vardhman Estate & Developers Pvt. Ltd officially launched its fully integrated commercial project Vardhman Alfa Square at Pari Chowk in Greater Noida. Spread over 5 lakh sq. ft. area, the project is located at 3-3 acres side corner plot along Surajpur-Kasana road. The project is an integrated commercial project which will have green concept office space, 4-star hotel, theme retail, club, food court, gym spa etc. Weekend homes Realty player Mahindra Lifespace Developers recently launched a residential project — The Serenes — in Maharashtra. The project, spread across 12 acres and located at Alibaug in Raigad district, marks the company's entry into the weekend home segment. For the project, Mahindra Lifespaces will develop just 49 villas in the initial tranche, with a combination of 3 and 4 BHK patio and courtyard villas. The villas will be designed by SAV, a well-known architectural and designing studio based out of London, the release said. The project offers an array of luxury amenities, including a spa, an open deck for yoga/meditation, a swimming pool, a putting green, a multi-cuisine restaurant among others, it said. VDB Willow Farm in Bengaluru Bengaluru-based real-estate company Value Designbuild Pvt. Ltd. (VDB) announced the launch of VDB Willow Farm earlier this week. Spread over 7 acres on a naturally sloping landscape, the new project will offer luxury villas, duplexes and simplexes in proximity to ITPL, Whitefield and Old Madras road. According to company spokesperson the project constitutes of 22 villas built in the area of 5676sq. ft. – 6065 sq.ft; 32 duplexes built in the area of 3872 sq.ft. - 4285 sq.ft.; and 16 simplexes in area of 3578 sq.ft.- 3613 sq.ft. The villas will have built-in elevators for added convenience. The simplexes will comprise 16 single-level apartments. The duplexes, built on eight blocks, featuring only four houses each, will have ample ventilation and a generous common area. The villas will be is like a farmhouse built in the midst of greenery, the double-height in the living room and for the family room on the first floor, along with a spacious terrace allows each villa to be naturally well-lit and well-ventilated. — Based on information provided by the developers HomeWork in Zirakpur Tricity-based realty group Sushma Buildtech Ltd launched serviced apartment project Sushma HomeWork in Zirakpur earlier this week. The project will bring the full-fledged serviced studios concept to the region through fully furnished studio units, designed for the business traveler. The project will have 160 units which can be converted into an office or a living space. Located at the intersection of PR 7 & NH-22, near Chandigarh Airport and upcoming Mohali International Airport, the 5-storey project will be designed by R204Design USA. each unit has been priced
Rs 24.50 lakh onwards and the group is offering a discount of Rs 100 per sq ft. The multi-purpose units will have several lifestyle services to offer like business centers, sky terrace with a fully-equipped gym, cafeteria with sky atrium, concierge, valet parking and much more. Construction will begin in the next quarter.
|
|||
|
realty bites
Unitech Corporate Parks (UCP), the London listed Unitech group firm completed a deal to sell its stakes in six IT-SEZ projects in India to Canada’s Brookfield Asset Management for
Rs 1,850 crore.
However, the total sale proceeds are lower than the amount agreed initially in June at
Rs 2,050 crore. In June, UCP had signed the agreement to sell its 60 per cent stake in the six projects to Brookfield for about £205.9 million
(Rs 2,050 crore). Separately, Unitech had also sold its 40 per cent stakes in 4 projects to Brookfield. With the completion of sale of UCP’s stake in six projects and Unitech’s 40 per cent stake in four projects, sources said that Unitech is likely to receive around
Rs 1,500 crore from this entire deal and the fund would be used to retire debt. Unitech’s net debt stood at around
Rs 5,900 crore at the end of June quarter. UCP and Unitech were jointly developing five IT special economic zones (SEZs) and one IT Park in Gurgaon, Noida and Kolkata. In these six projects, UCP held 60 per cent stake and Unitech 40 per cent. That apart, Unitech had direct stake of about 13-14 per cent in UCP. In a statement, UCP said: “The consideration received from Brookfield amounted to £188.9 million which reflects the announced sale price of £205.9 million less an adjustment of £15.8 million in relation to certain funds placed with two financial institutions which had not been repaid by completion and £1.2 million in relation to payments made by Candor to or on behalf of UCP prior to completion.” Piramal to invest $2 b in realty projects Piramal Enterprises plans to invest $2 billion in real estate projects over the next two years. This planned investment could help developers complete commercial and residential projects left unfinished due to financial crunch and credit cutting by banks due to slowdown. In a statement to Reuters Chairman of the group, Ajay Piramal, said, “We are more optimistic about the sector this year as compared to last year because of a stable government and the overlying expectations for the economy to perform better.” Piramal, known for identifying new investment opportunities and whose moves are closely watched by bankers and investors, said his company was looking to put money into both residential and commercial
projects. |
Q.Kindly clarify the following points:
Q.I have purchased a house in my name. The loan raised from the bank for its renovation and extension is in the name of my son, who has independent income and myself. The EMIs of this loan are being paid from the account in the name of my son and me. Can my son claim the income tax rebate for the principal and interest paid on the loan? Please clarify. —
R.K. Jain
Q.My queries are as follows: 
Q.I have entered into an agreement in April this year whereby the possession of a plot measuring about 500 sq. yd. has been handed over to a builder for the purpose of development by constructing four flats on it. I would be entitled to receive one flat of the ground floor and the rest of the flats would be retained by the builder. In lieu thereof the builder has agreed to pay
Rs10 crore in installments. The first installment of Rs6 crore had been paid to me at the time of handing over the possession of the plot in May, 2014. The remaining amount in two installments of
Rs 2 crore each will be paid after March 31, 2015 for which post-dated cheques have already been given to me by the builder. I seek your advice as to when the capital gain on the above transaction would arise and would be taxable and for which particular assessment year. 
Private equity investment in the real estate sector jumped more than two-fold to
Rs 8,900 crore till September this year as developers were forced to raise funds from PE firms to meet their capital requirements, property consultant Cushman & Wakefield said.
Green homes are the latest trend in urban housing today. It is the need of the hour and many environmentally conscious people are embracing this concept. But maintaining such a house is very important to keep it efficient and sustainable.
Another important feature of a green home is the rainwater harvesting system which needs maintenance on a regular basis. The collection tank should be checked to see if all the layers are correctly laid and the dirt (if any) should be removed from time to time. Make sure that the 'khurra' (outdoor drains) are not clogged and are efficiently collecting the rainwater.
Caught in the ‘web’ of the ‘virtual’ world, most of the children today have lost touch with the pleasures of the ‘real’ world. Lack of interest in gardening and plants is keeping them away from a very constructive and interesting hobby. There are thousands of varieties of plants and flowers that are mainly grown for their decorative qualities. There are also a number of plants that can amuse and intrigue; some are curious enough to capture the imagination of children and stimulate their interest in gardening. Children can be involved in gardening by introducing plants with interesting characteristics that appeal to their senses. To generate interest in children, give them a small section in the garden or their own pots so as not to disturb the main garden. With this generosity they will be enthralled to rende personal care to plants in their own area; this will also motivate them to focus attention on 'their' plants. Provide them a small spraying gun to water the plants. Labelling of plants will help them to remember the names.
Aquascaping is creating a water garden in a bowl or in any other container. In general children love both, water and water gardens. Besides providing entertainment to children, aquatic plants have a unique appeal and can enhance the beauty of a garden - be it big or small. It's much easier to create and take care of water garden than the potted plants. Such gardens can also be placed in living room, dining room or kitchen to bring nature indoors. Some easily available floating water plants are water lettuce, Salvinia Natans, Hyacinth Azolla or floating fern. 
Q.We are planning to renovate our kitchen and have a modular kitchen. Are there any Vaastu guidelines about this modern-age kitchen style? — sheela
TamaHome, Japan will be entering the Indian real estate scene with a 60-hectare (150-acre) township in Ludhiana in collaboration with Developer Group India Pvt. Ltd. Tama Home is a global company with interest in bringing in large investments to build ‘highest quality housing at the lowest price’. Making an announcement about the new project Yasuhiro Tamaki, President & CEO of TamaHome, said, “We are committed to build homes that eliminate common real estate practices and decrease conventional costs in half without compromising on quality. High quality housing can be built at a reasonable price”. TamaHome has sales of
Rs 10, 000 crore and builds 10,000 homes a year. The group will also build projects in Visakhapatnam (a 20-hectare township) and Chennai.