How to sell a house

If you have a property to sell you should learn about certain important points that will help you sell the same for a higher price. Property owners and real estate agents will tell you about the known ways of marketing your house. There are however a few other aspects of your property that you should always keep in mind that will help you sell faster and at a higher price. The Energy Performance  Certificate is one such document which will enable your house to be sold at a higher price. The Good Faith Estimate mortgage signing document is another such thing. A somewhat elaborate explanation of all of these will be dealt hereafter.

The Energy Performance Certificate is a detailed analysis of the energy measures of your household. The efficiency of various electric appliances which are used in your homes on a daily basis is recorded on the certificate. The publication of the same when selling your house will definitely fetch you a higher price than other properties on the market. The Good Faith Estimate is also a variety of loans which are available from competing banks in the market. So documents such as these will help you sell your property in a much easier fashion.

Real estate can only be revived by section 25 of the Indian Companies Act,1956:

To increase the curb appeal of your household

A coin termed during the housing boom in the United States, curb appeal refers to the attractiveness of your household dwelling based only on its exterior features. It is essential for homeowners to make their households look good on the outside. The reason for the same is obvious. No one wants to live in a dungeon. Thus the exterior décor of your household is important not only for your eyes but also for neighbourhood dwellers and community residents. The ways of increasing the curb appeal of your house are many and diverse in nature.

Get a repainting done at the earliest to keep your house looking spick and span for a long time. The design on the exterior walls reflects the mindset and ideals of the people who live inside the house. Thus Gothic and Elizabethan designs on the walls gives a stately look to your household, while more contemporary and modern designs give a chic and elegant look to the same. The maintenance of a beautiful garden and a lush green lawn on the outside of your house gives a different appeal to your house. The colour you choose for the walls must be carefully picked out so that they reflect the energy of the household. 

How to deal with your over-bearing tenant

If you are living in a rented apartment and your tenant is making your stay a forgetful experience and taunting you with atrocious demands, then you need to keep a few solid tips in mind which will certainly bring about a rapid change in the situation. The first principle that you need to keep in mind is that there are no shortages of boarding facilities in your neighbourhood. And you need to make your tenant realize that you have alternatives at hand when it comes to boarding elsewhere. Talk about the monthly rent that you will have to bear beforehand.

Make a deposit with your tenant only after staying in the place for at least a month. Get to know the other boarders who are living with you and maintain good relations with every one of these other boarders. Check the water and gas supplies to your apartment. If there are problems with any of these supplies, bring it to the notice of your tenant at the earliest. Scan the neighbourhood for better offers on renting places. Let your tenant know that you are well informed of your surroundings and the amenities which are available to other boarders for similar prices that they are paying.  

Should you work with an agent while buying or selling a property?

If you are looking to buy a new property or insurance for your benefit, then 80% of the times you will be working with an agent. The hiring of an real estate agent to do these activities entails a cost being incurred on your part for the services of the same. Is the practice of hiring an agent to do most of these purchases really that necessary? The pros are obvious and quite a few in number. The cost that you bear for the service of the agent saves you a lot of your time. As time is precious, the opportunity cost of your time is the fee that your agent charges.

A lot of field work done by the agent helps you weigh your options more clearly and come to a decision at the earliest. However all that the agent basically serves you with is information. According to economists, lack of information can lead to moral hazard problems and so it is mandatory for you to gather all of this information on your own. Real estate agents sometimes work for both the parties for more personal benefit and you end up being at the wrong end of transactions at times. So think careful whether you truly require an agent to work for you

Impact Of Globalisation On Real Estate In India

The Indian economy has seen a great transformation  in the last decade. Along with this, all the industrial sectors are facing the side-effects of this change. It will not be an exaggeration to call India as the fastest growing economy worldwide. It has shown a flat 8% GDP growth for the last few years. It has shown unchanged growth in various sectors like retail, IT, infrastructure and real estate. Now the real estate industry is flourishing with a rapid pace along with the other industries. It is mainly because maximum number of sectors are directly or indirectly linked to the real estate.

Expanding market is the rule,  people are following in the real estate market during the era of globalization. This process was first endorsed by the United Nations in the year 1997 during a conference on trade and development. This is also declared as a very fast track method of real estate development. The maximum number of real estate companies focus on guarding the property against the impact of globalization, but that is not very feasible in the competitive market. During this discussion, J. Timothy Lake, the chairman of IRDC says that the real estate firms do not keep a separate strategy for the international market.

This way of devastating real estate market due to the impact of globalization is known as “corporate disaggregation.” Maximum number of real estate companies in India are trying to fill up this gap through an efficient way. Due to the effect of globalization, many firms are seen unknowingly fighting with one another over a deal.

Good Faith Estimate: What you need to know

A good faith estimate or a GFE must be provided to a customer by a broker or a mortgage lender as has been laid down by the Real Estate Settlement Procedures Act (RESPA). The estimate includes a list of costs and fees associated with the loan that has been sanctioned by the bank to the customer. The good faith estimate must be handed out to the customer within three business working days of applying for the loan. The good faith estimate in a way is a comparison of the different quotes on lending amounts by various banks across the nation. The GFE is now a necessary document to be handed out in the USA.

The GFE, one must remember is only an estimate of the various mortgage costs and processing fees that are included within the list. Actual figures thereby can vary from the ones mentioned in the estimate. However the difference between the mentioned costs and the costs entailed cannot be larger than 10%. The fee structure of the GFE is basically an estimate based on six broad categories. They are the loan fees, advance fees, charges on title, reserve balances, charges of the government and additional charges incurred.

Buying A Resale Versus A New Construction Home

Purchasing a home depends on a choice. You have to choose between a resale home and a newly constructed house. The difference between the two is that one is second hand while the other one is first hand. Making this decision depends on some factors like your motive, timeline and capital investment. If you are going to purchase a resale, then you have the leverage of directly visiting the home and seeing the manufacturing they have used. Along with that, there is a possibility of getting a fully furnished apartment if you go for resale.

Another positive feature of purchasing resale is the ability of the purchaser to take a stock of the multiple apartments in different locations to check the perfect one, which is suitable to their needs. However, if you want to go for a newly constructed home, a necessity for some prep work is a must before you can move in. Moreover, a new construction home is very costly as it is sold directly on the market price. Whereas, the resale homes are comparatively cheaper as it is sold at the price, which depends on the condition of that home.

Another kind of home, which is very feasible to buy at this time is the pre-construction home. These are those homes, which are booked before construction by several people. These homes offer discounted prices on its booking price. However, the disadvantage of this home is that you cannot immediately shift to your newly bought home.             

A few tips to own a rental property

If you are looking to own a rental property then it is mandatory that you keep a few simple things in mind. A proper analysis of the property that you are about to own which was owned by someone else previously is very important as there may be certain shortcomings of the place that you may tend to overlook. A detailed inspection of the neighborhood is the first step in going about owning a rental property. Whatever residents of the locality have to say regarding power supply, water supply and other such essentials is important for you to know.

The first step of inspection will pave the path for all the things you need to know about the property thereafter. Energy efficiency of a particular place is an important aspect that most homeowners tend to overlook. The appliances used in the property and their energy ratings must be carefully looked into. A valid Energy Performance Certificate and the rating on the same will tell you all you need to know about the property. Talk to your previous owner about the maintenance costs of the property. All of the previous points if kept in mind while owning a rental property will keep you from being misguided.

1. The real estate sector is facing problems as regard to funding:

The real estate sector in India has been experiencing a boom in the recent years. It has been made possible with large scale infrastructural development and capital flow in the country. Especially in the residential sector it has been on a roller coaster ride in the last two or three years. The sector experienced huge rise in late 2007, followed by a correction in 2008 and then recovery in 2010. The comeback ohttp://www.blogger.com/img/blank.giff growth in this sector is due to certain specific reasons, one of them being the demographics and other favorable economic conditions of the country. Whereas according to some sources the sale of projects of some real estate developers have plunged in the past few months mainly because of rise in prices which became unaffordable to majority of genuine buyers.

However this situation has occurred earlier also. During the economic meltdown period, upon RBI guidelines banks had advanced few generous debts to real estate sector redevelopment. But this was obviously on a premise that sales will surely be on track post meltdown period and developers would have enough assets to repay in 12 to 14 months period. But if the reports are believed to be true then there won’t be much surprise that the real estate developers would be requesting for delays. But this time negotiation of debts wouldn’t be that simple at all.

Needs realized in the real estate sector at the CREDAI 11th national convention

A meeting of the Confederation of Real Estate Developers Association of India (CREDAI) was held which was presided by many eminent members of CREDAI such as the chairman Mr. Pradeep Jain, Presidenhttp://www.blogger.com/img/blank.gift Lalit Kumar Jain, other main key speakers in the event included CREDAI secretary T. Chitty Babu and the Vice President Mr. C. Shekhar Reddy. The secretary observed that the proposed shall have a wide scope in as much as to include all the stakeholders of the real estate sector.

The conference of CREDAI discussed on many issues speed and efficiency of the real estate projects, innovation and technology to be used on a wide scale as a part of this sector to impart modern outlook and changing trends trends of Indian realty. Attention was also given to the recent construction at the Indira Gandhi International Airport in Delhi and other iconic buildings in the world as a case study to support the point.

Awards was presented by Mr. Kamal Nath, the Union Urban Development Minister of India to various real estate developers of CREDAI under various categories. The secretary Mr. T. Chitty Babu also received two awards himself on the behalf on his projects in Chennai under the name of Akshaya Pvt. Ltd, of which he is the chairman and the Chief Executive Officer.

Necessity of alternative government rules in real estate

To alter the face of India in the global real estate market, government regulation respect to FDI flows, management of funds, transparency in accountability and  structured polices for construction is destined to attract the same  percentage of foreign investment that India had once experienced.  The once arrested growth in the Indianreal estate could be de-arrested by streamlining government policies and introducing reforms within the Indian retail sector.

Real estate industry of India – path ahead

Decreasing interest rates and easing the lending provisions by the Indian Finance ministry serves a bright future from its current doomed state. The real estate industry of India is expected to grow by 30% and the demographic factors of the country are destined to strengthen the future potential of the sector. Brighter future prosperity of the sector increases chances of FDI flows and rise in construction rates as before.

The bleak future of the Indian real estate industry is soon to alter due to the huge potential that the sector offers to the domestic and foreign investors. 

The real estate Industry of India – The Scene today

The real estate Industry of India has the potential to grow far and wide. You would be happy to know that the sector has been identified as a significant sector of our economy.  The real estate sector of the country have presented a gory picture regards the contribution of 5%- 7% to India’s GDP. You will be content to know that the since 2005, the FDI flows within the sector are on the rise. However not all is good and gory in actuality.

Past and present financial support to the sector

In 2007-08 and 2008-09, the real estate industry of India attracted FDI to the extent of 11%. The inflow of the FDI within the sector left the foreign builders spellbound. India was once gain back into action employed the cash inflow in developing affordable housing for the underprivileged. However, since 2010 the FDI flows had dropped to mere 6% as result of loopholes in strategic project execution.

 The challenges:

You will be heart wrenched to know that Indian real estate industry suffers various drawbacks. The drawbacks are acting as a deterrent in developing urbanized India. The factors include: absence of title insurance, labor deficit, increase in material cost and cost of human resource and legal flaws. Major establishments by Indian constructing honchos like Godrej Properties, DLF, and Tata Housing along with international players such as Hines, Tishman and Homex have reduced their intensity of development as a result of the challenges within the sector.

The wonderfully organized real estate industry of India

The developing firms and group of building makers are all mixing themselves up into a wonderfully organized real estate industry of India. The journey began 40 years before but it is still progressing with an accelerated tempo. A lot of corporate companies are in the offing and thus, they require a building for gaining momentum in business. Moreover, the large surplus lands, which are produced every year is making good land assets and thus, it is making new trends in the development of real estate market. If you look at the bigger picture, the business of gen next in India completely focuses on the real estate.

The medium scale construction companies are finding themselves at a piquant situation. As they stand in the middle, they do not face the monetary bump of a small-scale business and neither do they face the responsibility of a large-scale real estate industry of India. These medium sized developers are getting the best of both the worlds. Real estate is such a market, which is mainly dependent on the availability of lands. This market is booming in India chiefly because of the availability of space. It is expected that this will be the most booming industry in the next generation. 

Real estate industry of India is a vast market.

Real estate industry of India is a vast market. There is a variety of dimensions to it. The first is the manufacture of a building. However, even after manufacturing a building, we can have several difficulties after some time. The snags of a building can be efficiently managed by remedial building services much efficiently.  As the name suggests, this kind of services are mainly designed to remedy the house, which means, it will mend the house in case of any difficult situation. However, that is not our lookout. We are focusing on the entire real estate market in India at this point of time.

It will not be a much difficult job as you are thinking. If you are doing it yourself, then you must have a thorough knowledge about the building materials and the modern methods of construction. This knowledge is essential to get a service which is economical and energy saving. Nevertheless, internet is the greatest tool for solving your problem because you can garner information of all sorts related to the real estate market online. The basic method of solving this problem is like a picture jigsaw puzzle, which we used to do in our childhood. You have to join all the bits to get the proper picture. 

Real Estate as a career option - Things that you should know.

If you discover the finest methods to begin the business of selling and purchasing real estate properties, set the perfect mark for the new comers to emerge.  The beginners may follow the below mentioned advices to obtain the professional real estate in actual.

Make sure you assist the organization where the client service is necessary before buying. Poor client service may cost you more even disgrace you while working for the commercial real estate properties. Therefore be prepared.

Specify the commercial loan providers prior to offer to purchase your property. Consult with other people and in their assistance find out the potential loan providers. Also perform some research and keep the loan providers in contact prior to begin the purchasing process. It is recommended taking an efficient time to be prepared completely so that your real estate procedure could accomplish successfully. It adds the odds of being eligible for the mortgage.

An insect management is known for running with real estate business. An individual who wants to rent or lease his properties must have to deal with this management. Following it is necessary when the properties to be put on lease have so many insects, rats and bugs.
Therefore contact with the leasing broker to learn certain insect management techniques.

If you choose real estate as your business, it is recommended keeping your hand on several sources of money as well as support from the family members and companions. Search for and work upon the contracts that provide you various options. For example one that provides you full percentage of earning of the leasing asset or set your service price.

Prior to making wide investments in the real estate, determine the local earning standards and enlargement or contraction of local organizations. Real estate companies established close to academic and medical buildings earn more fortunes. So you should also think about these locations.

Investment In Real State Is One Of The Safest Option Available

Money doesn’t multiply on its own. To grow money, you have to keep investing it rather than keeping it in your bank for the benefit of mere little interest. Investing your money is an excellent way to grow them quickly. Once you decided that you are not going to keep your money in bank, the valid questing is where to invest money to get healthy return, especially to get more return than what bank offers you?

In fact there are plenty of options of investments available such as equity, commodity, bonds and debentures, gold and real estate. Amongst them, equity and commodity have little bit high risk reward ratio. That means if you invest in them, you can gain huge profit and you can lose too. Important part is you can gain or lose money in short span of time, making the stock market quite interesting. If you are investing in gold and real estate, then you are very much sure that you will get a constant and healthy return.

 Gold will fetch you healthy return, but this doesn’t mean that people will always make profit on investing in gold. They do make loss sometime. Investing in real estate is one of the safest options available which can give you more return than the bank’s interest. Real estate sector is always been a gold mine for investors round the globe. Usually real estate is a long term investment but once can also invest in real estate for the short term. Throughout the world, property price is rising rapidly which makes the equation like low risk and high reward ratio. If you are not a long time investor and want to still invest in the real estate sector, you can choose to invest in real estate stocks. 

Vital Tips On How To Make Investment In Real Estate

Real estate is one of the risk free investment options available in today’s market, which can fetch your healthy return. If you are looking to invest your hard earned money into real estate in recent time, make sure that you investigate all the related details before making any investment.

Know you various options. You have to make your strategy that what types of property you want to invest in. Decide according to your budget. You have option to invest in apartment building or land or official buildings. Investing in residential properties is quite popular these days. Not mere for shed, people buy residential apartment and building for long term investment.

In order to buy residential property you will need experience to make profitable real estate deals. Doing profitable deals in this field is quite a bit of challenge these days. You can hire the service of any expert agent to do the deal on behalf of you. There are plenty of agent services you can find in your locality. You can even go online to hunt down the expert agencies which offer you their service in affordable price. Hiring a professional agent service is recommended for new investors.

Another vital point to look at before buying residential proper is to search the right location. Keeping future prospect in your mind, good location can be searched. It will give you good reselling value if in future you want to sell you property. Buying residential property in populated area is highly profitable. Don’t buy in rural areas where the competition is less and that can result into slow appreciation of your property.

Plan the investment properly and understand that buying a property mere for investment is totally different from buying a residential property for living purpose. So make the investment smartly. 

Brokers Evolve into Developers as Realty Markets Temperature Rises

Simmering quietly for long, the realty market is showing signs of steam and this has egged on several real estate brokers to evolve into developers. Brokers can be expected to succeed since they have had years of experience understanding tricks of the trade from the developers’ perspective while knowing all about customer experiences from dealing with buyers.

Most such brokers are startingwith small projects in cities like Bangalore and Mumbai, locating projects in low cost locations. These brokers are also exploring other avenues such as partnerships with landlords and developers.

Silverline Realty in Bangalore has implemented five residential projects in the city, a departure from its brokering business. Prashanth Sambargi, a partner at Mars Realty is now implementing small construction projects. In Bangalore alone over 13700 housing units were sold in the first quarter of this year. The figures for Mumbai and NCR are 15500 and 26700, indicating a healthy boom and if brokers time it right, they are the builders of tomorrow. Deepak Kohli of Deep Realtors who has gone this route is being careful about delivering on time.

This new class of enterpreneurs knows all the ropes, has a ready market and access to inputs as well as service providers.

Cushman & Wakefield Acquires Singapore Based Project Solution Group

In an effort to strengthen its Asia Pacific operations, Cushman & Wakefield have signed an agreement to take over Project Solution Group (PSG), a Singapore based project management company. The acquisition will propel Cushman & Wakefield to the top as the biggest Project Management services in the region. PSG brings its strengths and experience to the Cushman fold. Cushman already operate in Taiwan and Phillipines.

PSG are active in project management, interior design and construction, serving over 40 MNCs across the Asia Pacific region. It has 14offices in 12 countries and a footprint that stretches all the way to the Middle East. Mike Harrison, its co-founder will become Executive Managing Director at Cushman & Wakefield, Asia. He brings 40 years’ experience in project management. 

In India there is tremendous scope for real estate project management and Sanjay Dutt, Executive MD of Cushman & Wakefield (South Asia) said that the inclusionof PSG will help the company gain greater depth and expertise in this area. C&S command 20% of the project management share inIndian markets with jobs in hand of 90 million square feet. C&W can broaden the scope of its offerings with the inclusion of key PSG capabilities in design. The acquisition also gains C&W a toehold in vital Chinese and Singapore markets, once the playing field of PSG. Executives are unanimous in their opinion that the alliance will prove tremendously synergestic,especially boosting C&W’s value offerings. 

Commerce Ministry Findings Show Developers Do Not Set Up SEZs

Maharashtra, Karnataka, Gujarat, Andhra Pradesh, Kerala and Karnataka are the states with the maximum number of operational SEZs. A recent finding by the Commerce Ministry shows that developers across India allotted land on preferential basis for setting up of SEZs fail to do so in a majority of the cases and hold on to the land simply with a profit motive.

The dichotomy between State and Centre policies tends to discourage builders from development work. While they receive concessions from the Centre, the states are not so obliging. There is no political mileage for governments in developing or promoting SEZs. There is a framework to take action for delay in starting work but the fact cannot be denied that SEZs are not actually mushrooming all over the place as expected. In fact, some builders are even surrendering land or asking for extensions. 

Andhra Pradesh Industrial Infrastructure Corporation, Enfield Exports, Raheja SEZ, Posco India are those who have sought extension. Maharashtra Industrial Development Corporation has applied to surrender its project. Government apathy is an obvious reason with general slowdown and lukewarm interest from real estate developers being the others. Apparently, SEZs in India have a covert thumbs down, in marked contrast to the tremendous growth in China. 

Happenings in Vizag: VUDA to Listen to Land Owners for a Change

In an effort to please aggrieved landowners andfarmers who pooled land in theVisakhapatnam Urban Development Authority at Paradesipalem, Dr N Yuvaraj, vice-chairman announced a meeting to address their complaints. The Board will also reiview cases asking for withdrawal from the project and return of lands. Allottees who received alternate pieces of land in lieu of the ones they handed over to VUDA, will also receive registration of such plots.

Long in the backwaters of real estate development, Visakhapatnam is coming into its own and realtors see brisk business. Most of them are developing land at a distance from the city where realty prices are going through the roof. In the city land costs start at Rs. 50000 per square yard whereas on the highways the cost is a more afforable Rs. 3000 but with tremendous demand, the prices should escalate even more. Understandably, landowners who have entered into an agreement with VUDA may be eyeing more prices and some would be justified in withdrawing from the scheme. 

Amritsar Bhatinda National Highway Project to Start Rolling

The Public Works Department of Punjab has set the Amritsar-Bathinda National Highway widening project rolling with submission of paperwork to acquire land along with 175 km stretch of the highway that touches Verka, Kotkapura, Jida, Jalandhar,Moga and Khanur. Simultaneously, Central government clearances are also in process. The project cost is Rs. 1900 crores and involves widening of the road, which involves acquisition of adjoining land. It will also boost the real estate prices in the area. 

Bypasses will come up at Nehurashara Pannua, Talwandi, Kotkapura and Zira Harik. Along with bypasses, the project also envisages flyovers and railway overbridges that will in effect convert the highway into an expressway and do away with traffic bottlenecks. With tenders to be issued  by September, the first stretch of Jalandhar-Moga-Khanura should be completed by the end of 2013.

Against the usual practice of allocating the work to the National Highway Authority of India, the Punjab PWD has been given the task of widening this highway. To help contractors the department will assist with raw material and inputs by way of short term mining permits.

Bangalore Based Realty Group Woos Gujarat Buyers with Kerala Properties

In what could be a novel trend, a Bangalore based realtor held an exhibition in Gujarat on 25^th May, targeting the huge population of Keralities living in Ahmedabad and elsewhere in the State. The purpose ostensibly is too get them to invest in the 600 luxurious housing units under development in Trissue, Trivandrum, Calicut and Kochi. Apart from natives of Kerala, the show also attracted other investors. This is the first time the Confident Group, one of the largest realtors in South India, has hosted a show in Gujarat. 

They perceive the exhibition as an opportunity to understand the local market and fine tune offers, according to Ajay Raj, marketing officer. The two and three bedroom apartments cost between Rs. 24 to Rs. 72 lakhs. The feedback would help the Group develop projects that would attract the Malyali diaspora from around the world. The Group, already active in hospitality, aviation, entertainment and healthcare besides being the owner of the largest hotel chain in Bangalore seems to be breaking out on an upward trend.

The Confident Group is also in the news as being the Official Sponsor of the West Indies Team for the ICC Champions Trophy in England in June 2013 and the ICC World Twenty20 to be held in Bangladesh in 2014.

:place w:st="on">India by the end of 2015.

A project by the group in Siliguri costing about Rs. 200 crores is also on the cards with possession expected to be given to buyers by the end of this year. 

Rajasthan Government Announces Relaxations for Builders

The Rajasthan State government has relaxed its policies for builders as regards limits on housing for economically weaker sections and lower income groups. Builders can now utilize land for additional construction in the wake of the relaxation policy. The policy stipulated that builders launching schemes of group housing with 5000 square meter area would have to reserve 5% of construction area of 15% of constructed units for the above mentioned two groups. 

The amendment to the policy states that houses for LIG and MIG can be reserved in one housing scheme with a quota for both, allowing him to realize greater value on prime land while using the other scheme for EWS and LIG housing.  The policy amendment came in the wake of representations by builders who claimed that such restrictions imposed a heavy burden on the buyers who directly subsidized housing for EWS and LIG. Besides, the policy proved a stumbling block for approvals by civic bodies. Another obstacle was that the rich would not want to stay in the same complex housing EWS and lower income groups since exclusivity was the buzz word. So far the implementation remained on paper since builders simply gave a written undertaking without actually taking any steps to develop flats for EWS or LIG.

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oject uses nature as an inspiration and provides harmony of environment and buildings. A five star hotel is also proposed inside the project area, with international tie up. Jain Group is famously associated with Best Western, the world’s largest hotel chain and it plans about 15 hotels throughout India by the end of 2015.

A project by the group in Siliguri costing about Rs. 200 crores is also on the cards with possession expected to be given to buyers by the end of this year. 

Jain Group to Launch Affordable Housing Projects with Rs. 2000 crores in West Bengal

Kolkata based Jain Group has announced the launch ofaffordable housing projects across Kolkata, Durgapur, Siliguri in Bengal and Bhubhaneshwar in Odisha. The projects cover an area of 5 million square feet at a proposed investment of Rs. 2000 crores.

The announcement follows in the wake of the launch of a residential project “Dream Eco City” in Durgapur in West Bengal. Two more projects are planned for this city, one by end of this year and the other by the middle of 2014.

Mr Rishi Jain, Executive Director of Jain Group told reporters that the first phase of the project comprising 800 flats at a cost of Rs. 400 crores is underway and should be ready in four years’ time. Uniquely designed, the innovative project uses nature as an inspiration and provides harmony of environment and buildings. A five star hotel is also proposed inside the project area, with international tie up. Jain Group is famously associated with Best Western, the world’s largest hotel chain and it plans about 15 hotels throughout India by the end of 2015.

A project by the group in Siliguri costing about Rs. 200 crores is also on the cards with possession expected to be given to buyers by the end of this year. 

Furniture for your Home: Spend in different types of sofas for comfort

If you are in search of soft sitting furniture that will add drama to your living room, you can take a look at the newly introduced round sofa chairs in the market. These cute looking round sofa chairs are a new introduction to the sofa and chair designs. If you want to add style, comfort and soft mood in your room, you must opt for the cute looking round chairs for your living room. These round chairs can be placed anywhere, you can use it with coffee table, as lounge bean bags to relax and watch films, in the garden or in the kid’s room. Your purpose can be numerous but using the round sofas will give the much needed comfort and relax to the user.

Round sofa chair: for gardens

You may not always plan a party or a film show to buy a round sofa chair set up. These sofa sets are best if kept outside in the loan or garden. They add style and enhance the look of the green garden. You may sit here and drink tea or coffee and spend time reading books or chatting with friends. Relaxing in open air is the best way of relaxing. After a long day, spend some time amidst nature, you will distress quickly. It is not just a chair, it is a lifestyle a comforting factor that will heal all your tensions and help you lead a better life at your homes.

Commercial uses of round sofa chair
Apart from the domestic usage, these round sofa chairs can be used in coffee bars, lounges or theatre set up. They are relaxing chairs hence many bars or such outlets prefer incorporating such chairs in their outlets. Thus round chairs not only make the ambience look comforting but also helps the clients to relax their body while spending time with friends or family. It has therefore become one of the preferred choices among the restaurant owners.

Decorating your house and tips of making it more comfortable

Decorating the house becomes very important during the festive season. Every year you may plan out in different ways to surprise your guests on this day of the year. As said bring comfort home, but in what way? All you need to do is quickly purchase some round chairs and then decorate it with stylish cushions to create the comfort zone. You can plan a film show or a coffee party around a table. Switch on your favorite tracks or start playing a guitar while relaxing on a round chair and enjoy the comfort like never before.

Bring your cozy round chair home

Cute and adorable appearing round chairs look amazingly cozy. It’s the best place to enjoy a cozy time with a cup of coffee and a book if you want to relax alone. But do not forget the round chair cushions, these will add the comfort and help you relax even further. If you are newly married you may plan out a cozy chitchat at a corner while watching films and having popcorn. If you have organized a friendly party then also you can arrange the relaxing chairs together and add style and fun to the room.

Comfort in round chair cushions

Cushions can be of different style and look, but it must be comfortable and soft. Since you will be using these cushions on round chairs or lounge bin bags you will be using it for long hours. If you organize a film show you need to sit for hours. Hence while buying do select the most comfortable cushions so that they provide the much needed comfort and help your body to relax properly. Since these round chairs are not comfortable apparently, the use of cushions becomes a must in a luxury home. Thus invest in absolute soft fabric with great style to match the look of the chairs.

Home Decoration based on Moroccan theme

Home decoration can be quite a task at times. You may not know what kind of theme to use or you may be too confused to select a particular one. The number of themes available is in vast numbers and each of them has their own style and significance. Research is also helpful and browsing through online websites can give you an idea and help in solving your problem.

Various themes like Asian, Egyptian, Japanese, and Western are used. Today let us see what Moroccan theme has in store for us. They are basically rich and elegant themes that include beautiful fabric work. Its bright and gorgeous style along with marvellous decorative textures makes it popular among today’s generation. A Moroccan theme can be used to decorate almost every item available at home. It can vary from trays, candle stands, wall sconces, lighting accessories or kitchenware fixtures.

Moroccan art is excellent and incomparable. It can change the entire look and feel of a room and make it something astonishing. It makes every room bright and eye-catching. It is mainly because of this characteristic that it has earned a good recognition among home decorators.

Another good feature of this theme is that along with being elegant and sophisticated, it is inexpensive. So if you want your house to be a top one, this style will surely bring in everything you expect. Contacting a personal home decorator is advisable since he knows best how to transform your home.

These were some important points about Moroccan home decoration. Research more to know more!

UPA promises homes for the rural homeless

The UPA government with an eye on next year’s Lok Sabha elections, has now come up with a plan to provide homes to the homeless living in rural areas. The draft for this entitlement-based programme which has been named as National Right to Homestead Bill, 2013, is complete for inter-ministerial consultation and has been already circulated amongst ministries and states.

This will be the second ambitious entitlement-based legislation by the UPA government after the National Food Security Bill, 2011. Ironically, the food bill is yet to be passed by the parliament. However getting both the laws passed in parliament is crucial for the government as elections are due this year in key states and Lok Sabha elections are slated for next year.

Last year, an activist movement named the Ekta Parishad that comprises thousands of community-based organisations and individuals had raised the issue of homes for rural poor in their charter of demands. Rural Development minister Jairam Ramesh had agreed to those demands thus paving the way for the Homestead Bill. The government had consulted with the Ekta Parishad while drafting the Homestead Bill. The Rural Development ministry has prepared the draft that seeks to provide a homestead measuring 0.1 acre or 4,356 sq ft to every landless and homeless poor rural family. The bill is expected to be tabled by the ministry during the monsoon session of the parliament.