Archive for the ‘Housing’ Category.
How simple is that to say that coir wood waste now will develop coir wood homes? No, we are neither in a mood to crack any joke nor hyping any gimmick. Coir wood wastes have been successfully used in developing eco-friendly shelters in the higher altitudes. Replacing tents into a beautiful shelter for the defence personnel in the extreme level of climatic condition has been the best usage of coir woods. The Coir Research Centre in Bengaluru has recently developed a coir house model and put it on display at the choir craft fair lately.
Some latest report claimed that as a part of effective marketing Coir board will build six of those coir houses and supply those to some of the union ministry for free. “Security personnel can use these and those visiting the Prime Minister, Defence Minister or the MSME Minister will get to know about the advantages and applications of coir wood looking at the house,” said the Coir Board chairman C.P. Radhakrishnan. “These homes would be much cheaper than a brick and mortar house or even a plywood house, because it costs only around 90 per sqft,” said a board official. Coir is a by-product of coconut husk. Coir is a popular substance to make mats, mattresses, baskets and even as an alternate for soil for terrace gardening.
The coconut capital of Tamil Nadu Pollachi will shortly to receive a model house that has been constructed entirely of coir wood. The coir board is now looking forward to popularize the concept of setting up houses with coir, among the construction industry in the area. An interesting part of coir wood is it’s a well-chosen substitute to ply wood and it doesn’t involve tree razing. The coir board, which installed the first model coir house in Alappuzha on Saturday, said it has already programmed to erect alike homes in Pollachi and Kanyakumari in a little while. The four-day long India International Coir Fair, which completed on this Monday, spawned overseas enquiries worth Rs. 200 crore and 1,200 fresh trade enquiries in the home souk.
Initially the houses in Bengaluru sustained natural whims for two-and-a-half-years. According to the sources The Coir Board will focus on mainly three products – furniture, coir geo textiles, and coir pith. Speaking about their housing projects starting from the walls to windows, flooring, pillars and even light-fittings will be made of coir woods. “We have used coir wood sheets for the walls and coir granules for the interiors,” said the official. The coir research campus just started few years back and has shown some incredible future market potential.
Speaking about project development in Kerala the coir official said, “With many eco-friendly and natural resorts coming up in the area, we hope that the house that will be up in three months will appeal to them,” He also added “We also hope to encourage entrepreneurs to get into coir wood production.”
By SD Group Kolkata. Get in touch with us for buying any of our offered property in Kolkata north with fulfilling your budget and residential unit. We have years of expertise in residential construction and currently offering both luxury and budget flats in Kolkata and suburbs.
Nation has become habituated with spasmodic decision and announcement of PM Modi. This time when addressed the fellow countrymen on New Year’s eve he assured middle income group people of the country with putting out some exiting new year gift for potential home buyers in particular. No one could ever expected that home loan interest rates will be deducted in such great extent that people will actually accumulate some positive home buying sentiment which would also onset market sloth and benefit people from this stratum with unbelievable frills. People in Kolkata who are willing to invest in reasonably price properties; this is the ideal time when you can shape up your dream by purchasing budget flats in Ultadanga.
Here is an immediate guide about what all you need to know about this latest addition in the ‘Pradhan Mantri Awas Yojana’ and how it can do good to from your asset purchase.
The actual plan
Pradhan Mantri Awas Yojna had been declared by Prime Minister Modi on 25th June of the FY 2015. This scheme comprises ‘Housing for all’ within the accounting year 2022. It was being conjectured that the country is going to have 2 crore+ budget flats in the extended parts of metros and other big cities. People from suburb will get chance to satisfy their on-hold home-buying requirements.
As a part of this scheme people from lower income group (LIG) or from the socio economically weaker section would be allotted subsidy of Rs. 1 lakh- 2.30 lakh. People could also have a subsidy on the rate of the interest of up to 6.5% or a loan of Rs. 6 lakhs which Prime Minister’s housing scheme is also for the people belonging to EWS, LIG, females or first time home buyers. This interest discount would subsist for 15 years.
Now the new scheme
On this New Year’s Eve Prime Minister declared the subsidy on interest rate would be increased so that mass scale of people can fulfill their asset purchase. The new scheme is much about taking steady and effective steps on providing decided numbers of affordable housing within 2022. As per the new plan, all LIG/ EWS and MIG people would be benefited with a newly deducted interest rate. People looking for loan up to Rs.9 lakhs would obtain a subsidy of 4% while those seeking a loan of up to Rs.12 lakhs can have 3% slashed interest rate. Discounting this fact, people living in countryside would get 3% financial backing on loan amount of Rs.2 lakhs which they can make use of house reconstruction or extension.
People who are eligible to enjoy this rebate
Now under this scheme people who are eligible to apply for the loan are based on this critera-
• Applicant should either be a woman or belong to SC, ST or EWS group for the earlier scheme.
• None of the family members had taken a home loan; members including husband, wife and unmarried children
• Income should be under Rs.3 lakhs per annum and Rs. 6 lakhs per annum for EWS and LIG respectively
• For the new scheme for MIG groups, the income should be under Rs.18 lakhs per annum.
• The age of the applicant should be between 21 years and 55 years.
Effect of this scheme
The Pradhan Mantri Awas Yojana has been influential in running with its affordable housing goal currently. This interest rebate would reduce the EMI by around 40%. Following this scheme, the Equated Monthly Installment would bring in to Rs.7100 which would be not as much of even a month’s rent out. Whereas the previous scheme was only for the people belonging to the LIG and EWS, this new scheme would profit people of suburb with budget limitation to have their owned property in the extended parts of big cities.
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Research says that the current time holds nothing good for real estate, gold and stock market to be tickled pink. Post demonetization has made the market hold at bay in these following sectors of investments; in lieu of these major sectors some alternative lending startups have taken up as pawnshop and choice of financial investment. Kredex, the Sequoia-backed financial firm has pointed out a 4-5x upsurge in lender registrations on their platform after the money ban declaration which incorporates high net-worth individuals (HNIs) and institutional moneylenders like banks and other non-banking financial companies (NBFCs) in invoice discounting market place. Government’s push for cashless economy somehow is indirectly promoting virtual loan sharks.
Now financial technology is one of the established profitable sectors of Sequoia Capital of India. Asking on the same chief executive of Kredex Manish Kumar said, “Invoice discounting is becoming an alternative to the three asset classes which are real estate, bullion and stock market because it provides higher liquidity and a decent yield on their investment.” Initially in October 2016 Kredex raised 40 crore from Sequoia and existing backers. The Bengaluru based startup is known for its technically operated marketplace, where it links small and medium scale enterprises (SMEs) with prior investors who show interest in purchasing these unpaid collectibles to help them with their dynamic capital loop. Kredex investors receive interest rates ranging from 11-20 per cent. Banks and other financial organizations are looking forward to lend via this alternative lending platforms going next to the government’s digitization transaction declaration.
“We are noticing strong interest from banks and NBFCs to partner with us because demonetization is pushing SMEs to go digital, which makes them more lendable by online lenders like us who thrive on data,” said Sashank Rishyasringa, cofounder of online lending platform Capital Float, whose corporate partners have been devoted themselves to increase their lending capacity since the demonetization came in front.
Where the entire nation is having the quiver of cash crunch P2P lending companies such as Faircent, i-lend and AnyTimeLoan.in (ATL) have witnessed roughly 3x growth in lender registrations where as the major investment sectors are battling to get back into the scene. While there is strong interest from individual lenders, Hyderabad based ATL is also in process of tying up with three NBFCs to turn into a P2P platform lending business. “NBFCs come with bigger ticket – Rs 2-5 crore, which sizes of around will make it easier for us to meet the demand of borrowers,“ said Keerthi Kumar Jain, chief executive of ATL.
“Earlier, a lot of money was parked in real estate,” said Vinay Mathews, founder, Faircent.”Suddenly, our business model makes sense for investors like salaried professionals, small business owners, moneylenders, HNIs and institutional lenders.”
Small business houses are finding this invoice discounting marketplace an attractive platform to park their money in. It has higher interest level and better stability which certainly have been emerging this sector as a secure investment zone for future.
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New Town Kolkata Development Authority (NKDA) organized a meeting at the Rabindra Tirtha auditorium on last Monday Nov, 21st. All the architects and the engineers associated with NKDA were present there. The meeting was about improving awareness on go in for better technologies, craft and construction management process. This particular real estate market of property in kolkata north is already known for advanced housing estate development and world-class infrastructure. New Town area is also illustrious for the perfect association of cement and jungle. This place is directly connected with the city Kolkata and only a few minutes distant from Kolkata airport.
Many competent real estate companies have been coming up with new projects in this area to rule the property market of city Kolkata and suburban Kolkata. In this recent meeting officials said that the participants’ attention was drawn to the recent amendment of NKDA Rules that discourages dumping of construction materials and demolition waste on the roads. At any given time in Rajarhat and other peripheral areas are found log jammed with debris and garbage of construction companies. In the recent scenario it’s seen companies those are storing materials on road are not even showing any concern to remove the stuffs with the help of police. NKDA had also declared earlier that a service would be given for removing of construction waste and excess building materials from at a given cost for removing per tons of ravage.
The topic earned much highlight in this meeting was how the drains, roads, culverts and entire sewage system had been getting affected and clogged with this demolition waste of the constructions. NKDA now needs advanced procedure for this waste destruction without spoiling the area infrastructure and corporation water channels and sewage system. Along with the eye-catching skyscrapers this place maximizes the chance for exclusive real estate development. Thus new procedures like -renting of vacant land, construction work in the project sites in phases, use of prefabricated beams, using empty plots with prior permission from the corporation, steady monitoring of trucks while unloading sand bricks, cement and other raw materials, use of polythene sheets on the ground to avoid leakage into drains are planned to be implemented.
After cancellation of 500 and 1000 rupee currency notes this buzzing area has have the minimum effect of demonetarization as Housing Corporation Development Corporation (HIDCO) already consists a number of digital money options available in the township. This is the sign of an advanced business area to stay ahead in order to deliver the cream service to the area home-buyers and corporate onshore and offshore investors. To make all matter convenient NKDA has to come up with some exclusive and quick-efficient development idea which would be framed by core professionals. Rajarhat is the wise selection for home-buyer or startup entrepreneur. Therefore the companies which have bagged several residential and commercial projects in this area should have to be aware as well of the post threats causes by the runoffs.
Mumbai is best known for the dynamic and ever growing metropolis. The metro single–handedly serves 5% GDP of India as it’s apparently considered as a prime financial market of the country. The greatest lure of real estate sector in Mumbai is having advanced infrastructure and presence of renowned MNCs and giant real estate development companies. But the property price in Mumbai has been always ahead of the other metro cities of India. Despite Navi Mumbai shows some good rank in terms of real estate development and sale just as the growth of budding property in Kolkata north. During this sluggish real estate market few outskirt sectors of metros have kept the hope alive from the buyer’s perspective. Soon the city will be essentially proactive in order to fulfill the increasing market demand.
According to a report by Knight Frank new projects launch in Mumbai is exactly the double in the first half of 2016 than that of the previous year. This specific zone has been witnessing close to 28% above sale based on the new project inaugurations and market demand. Well, this is the ideal time for the Mumbai property buyers to explore the micro locations of the metro for grabbing their desired residential units. These include the projects near Navi Mumbai airport, CST Panvel, widening of the Sion-Panvel Expressway. These projects will enhance the connectivity in the city as Navi Mumbai has mono rail, metro rail connectivity in addition.
The second half of 2016 has also brought a wide grin in the realty sector along with the festive season and its lucrative offerings. Now it’s the favorable time to go ahead with the property buying decision for the market speculating home buyers. Adding on passing of the Real Estate bill and the new land acquisition bill have turned practically helpful for the well-acclaimed builders of Mumbai to provide accurate transparency to their forthcoming buyers. . Besides the government has declared a series of positive initiatives that can boost the overall market sentiment which will lead to a major real estate expansion at the end of 2020 as expected by the market experts. Asish Raheja, Managing Director of Raheja Universal Pvt. Ltd says, ‘’ Most of the infrastructure projects in Navi Mumbai are currently under construction. It is best advised that homebuyers invest before these projects are completed. As a general rule, investors must go for micro-locations which don’t have full-proof social infrastructure, but does have upcoming civil infrastructure. Since social infrastructure always follows the civil infra, such areas will yield better returns in the long run.’’
Tuesday night had been the witness of a drastic and bold decision from bringing back the transparency in the money market by copping out Rs 500 and Rs 1000 bank notes from the circulation. Rs 500 and Rs 1000 ban in India may perhaps finally vindicate the corruption of the country. It all came out as an eye-opener when PM of India Shri Narendra Modi had shocked the nation with his November 8 announcement. Nevertheless Indian Government has pulled select denominations of its currency twice before. In the early 70’s and 78 twice Government had come in the rescue of the money market to eradicate counterfeits and black money transaction. Bankers and economists feel that it will create a wave in real estate and gold transaction. These two sectors hold the major stocks where individuals lay up their black money.
An Ambit Capital report says that India’s ‘black economy’ is over Rs 30 lakh crore or about 20 percent of total GDP. However, given the fact that the total currency in circulation amounts to a total of Rs 16.6 lakh crore and a hefty part of would be money that is justified and is in motion, experts declare that it is mostly in the form of gold and real estate investments. In the financial report on black money of 2012 the real estate sector in India contributed 11 percent of the GDP. The ban of 500 and 1000 rupee notes will not only wobble the real estate market but also it will create a ruckus in the recent election process of UP and Punjab as these two states spend a huge cash for political promotion.
Asking on the abrupt impact of the step to demonetize the Rs 500 and Rs 1,000 notes, Deepak Parekh, chairman HDFC Ltd said: “I expect price of real estate to come down. One expects the price of real estate should come down in medium term.” Fight against the black-money will continue unless real estate and gold investment industry will come up with fair and white collar transactions. This is the sole motive of this movement. For the real estate resale industry and small scale builders this revelation will likely to bring more clarity. The practice involves stockpile of unaccounted investment. Housing price might take a downturn which could pull more willing buyers into this investment zone.
Being world’s largest consumer of gold India imports a dollop of gold out of which its total annual consumption is around 900-1,000 tons, some industry associates consider that this might reduce the demand for pure gold in the near future. Stating that there could be short-term impact, PC Jewellers managing director Balram Garg said, “This is a very good decision for long term especially for the organized sector.’’
The Ambit report also throw lights on the bulk of this black money is obtained in physical assets such as real estate and gold. It emblems the purchase of physical assets can be financed by black money not the financial assets.
If you are seeking low budget flats in Ultadanga area please visit our registered office at Sd Group , AA Block, Sector 1, Salt Lake City, Kolkata, West Bengal or call us with your property enquiry at 033-23341245 in office hours. You can post your requirement in our official website www.sdgroupkol.com
The corporate rating agency ICRA recently disclosed the fact that RERA is not a well-balanced act in order to benefit the builders. ICRA also puts light on the fact that RERA is chiefly focusing on the buyers’ and investors’ takings. Builders too have certain issues like multiplicity of approvals, lack of ample funding opportunities. Leaving out these issues RERA concentrates on timely and orderly delivery of the projects and the truthfulness of the offerings. Developers as well need some assistance from the authority on speeding-up and well-execution of the entire construction process. According to ICRA the project execution cycle lined up between 3-4 years, has expanded to as much as 6-7 years.
The vice president, corporate sector ratings, ICRA Ltd. Mr. Shubham Jain said, “The provisions of Act hold significant importance for buyers and investors, but problems faced by developers, including multiplicity of approvals and lack of adequate funding avenues, continue to remain unaddressed in the Act.’’ Nevertheless ICRA also highlighted the positive profits of RERA regulation which comprises an ultimate exclusion of deceitful developers and brokers, advanced standardization, enhanced liability for well-timed implementation and also proper use of investment coming from the various avenues.
Speaking about the commercial real estate sector some positive growth in this sector is seen during the past one year or so. On the other hand residential real estate sector is still soundless in spite of ever-increasing market demand. Besides there is no commendable price slash in recent times which develops a negation in buyers’ attitude. This is not at all a favorable situation for residential real estate market as well as entire national financial market. Under this circumstances a sluggish attitude has been observed in the supply chain, for builders have been facing challenges like- delays in receipt of approvals, scantiness in manpower and effective capital funds.
“The opaque nature of the industry coupled with the lack of regulatory bodies thus far has resulted in significant asymmetry of information as well as skewed balance of power between the developers and the buyers,” said Mr. Jain. The Real Estate Regulatory Bill, 2016, which intended to standardize the housing sector and look after consumer welfare, was passed by Rajya Sabha on March 10 and by Lok Sabha on March 15. ICRA also feels the recent consumer activism coupled with the aggressive deportment by the judiciary is a constructive step towards keeping up transparency on accountability and timely deliverance and favoring buyers’ investment.
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Festive season in India comes with loads of offers and discounts. Property market in India draws major revenue from this festive time, thus festive season brings prosperity in real estate market. Builders offer jumbo concessions and tantalizing schemes to clear on hand and exiting inventory housing properties. Specifically during Diwali Season a profusion of such offers like- gold coins, automobile vehicles, kitchen appliance even holiday trips are prognostic. Real estate investors eagerly wait for the festive season thorough out the year to invest on their chosen properties. Therefore this is the period of boon for the property industry. Usually 20-25 per cent more sale is expected than the rest of the year, during this season. As per the banking sources this year there is an uplift of 50% lead with the beginning of the festive season.
This is the ideal time when property buyers can negotiate even with the offer price of any property. Not just developers many banks and financial organizations draw turnouts from this festivals by providing loans on easy terms. In many cases if the property purchasing task is performed under renowned real estate companies property buyers will have some additional advantages coining the affiliation of the very company with nationalized and private banks and financial organizations. In a recent survey it’s seen HDFC Bank reduced its base rate by 35 basis points (bps) to 9.35 percent and other banks likely to go with. Availing loans will be lighter on the EMI clearances.
Since last few years property market has been dormant, even festive offers were not able to fetch any positive wave in the property market. This dull period resulted with overkill supply without proper market assessment, imprecise delays in projects and regulatory snags. Prices too have been unchanged. Property investors went puzzle to point out the favorable time to perform their property investment. But unlike previous couple of years this year has already started witnessing some positive inflow in the entire real estate sales. But when it comes to property investment umbrella guidance is what anyone should come by for instance how much is your actual home loan requirement, how far you could avail from the banks etc. One thing property buyers should always inquire before any property investment whether this discounted price of property is an actual reduced amount not a reduction version of an escalated amount followed by the hidden charges and always look at the credentials of the builder developers and their previous market reputation.
Let’s see what bank has stored as festive offers–
• Wherever there is a builder tie-up banks are offering no processing fee on home loans
• For tech-savvy people Banks have launched home loan apps from where also they can get the processing fee off
• For senior citizens there is a loan of less basic points than the regular loans
• Avail lower interest bridge loans for switching over properties
Property insurance is a mandatory thing which everyone should buy from any trusted bankassurance, it will saveguard your property from any unfortunate hazards apart from natural disasters.
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Since the festival of lights in around the corner, we would like to share some unique thoughts and ideas on how to decorate your home with handmade radiant decors. Rather than being extravagant with crackers and lightings we should celebrate Diwali with friends and families to fortify our bonds. It’s the perfect opportunity to engage our family members in some creative and engaging team-work. Having an eco friendly Diwali is a way healthier idea to celebrate the festive season. Decorate your home with homemade fancy stuffs to hold high the festive spirit. Here is the list of some cool objects you can make to decorate your homes during this festive season-
Homemade diyas– One of the most common things people makes to celebrate this illuminative season. We all use candles in our households. These are the raw ingredients for making festive candles. To make decorative candles unused stuffs like- egg shells, seashells, salt dough or even a cork of bottler will do the trick. Simply pick any one of these, paint them well with fabric colors or stick sparklers around these add melted wax and wick to make a candle. For fragrant candles you can add cinnamon sticks around wax candles.
Torans with color papers– We Indians have a custom to hang colorful dangling crafts at the entrance of our homes which is called as ‘Toran’. It’s the symbol of bringing good luck to your family. Instead of buying one from the market you can make it at your place. Use simple cardboards or old greeting cards, cut them into attractive shapes, tie them together and hand around the entrance and your DYI Toran is ready!
Recyclable Rangoli– Rangoli is an essential part of Diwali. All the colors are easily available in the market. Nevertheless you can make these designs with cardboards. Simply draw it on the cardboard and cut that according to that shape. Use and reuse it in every occasion.
Diwali lamps with plastic bottles-We all buy plastic bottled cold drinks. It’s obvious you will find them around your home. Use scissor to cut them in half. Use a candle in the center as a light source. Glue some colorful papers around the bottle. Stick stencils in proper proportions. Bring the festive mode alive.
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Replacing all local standards now there will be a common, universal standard for measuring residential buildings. This will fetch standardization and distinctiveness and will remove contradictions across the countries. An alliance of over 80 global property firms, counting RICS has ushered in a new comprehensive standard for measuring housing buildings. This inventiveness will bring impartiality in the entire system. This new standard is about to restore a number of local measurement standards of the building measurement.
According to the managing director emerging-business and managing director of RICS south-Asia Mr. Sachin Sandhir –‘’ Adoption of uniform property measurement standards will send a message to homebuyers that the Indian real estate sector is serious about adopting global best prices’’. Initially RICS had a talk with the securities market regulator SEBI, the ministry of Housing and realtors NAREDCO during the month of March in last year in order to comprehend the fittest way of IPMS implementation for residential buildings in Indian real estate market.
In July 2013, the IPMSC had chosen real estate professionals from all over the world to form the Standards Setting Committee and founded global standard for property measurement. International Property Measurement Standards (IPMS) for measuring office buildings came in action in 2014. This is supposed to be the second phase of global open-source standard regarding residential property measurement. IPMS association organized a public conference in September, 2015 where they counted the opinions of real estate experts and property professionals about the proposal of residential standard. The IPMS standards are-
1. IPMS 1- External
2. IMPS 2- Residential (internal)
3. IMPS 3- Residential (occupier)
In the recent researches it has been found that India is one of those countries where measurement standards of buildings vary from one market to the other, which causes confusion among the property possessors, investors in the time of declaration of floor space details. As per the latest RICS survey while compared to the IPMS for residential buildings it was seen the difference in measurement for residential apartments differ from close to 27%, where as for residential houses it varies nearby 58%. Buildings are to be measured separately and reported on a floor-by-floor basis.
IPMS for residential buildings has been drafted by the Independent Standards Setting Committee. The motto of IPMS is to serve consumers a better and consistent measurement worldwide. IPMS can be used during agreement between users, service providers and third parties, because customers deserve a transparent deal when it comes to property investment.
By- SD Group Kolkata– Developer and constructor of highly acclaimed residential property in kolkata north. Currently offering housing project Shradhanjali 2,3 BHK ready to move apartments. 1,15,200 sq ft area of possession and 45 % open area.
Our upcoming project is SD Aqua-view; luxury, lake side apartments near Kolkata airport. New towers are under construction. Project will be finishing expectedly H1 of 2017. It will be the first residential apartment in airport region with boating enclosure. Interest buyers please contact us with your requirements.