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Bhanu Sahu

Bhanu Sahu
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https://www.ipropunited.com
Talks about real estate and finance. Besides this, he is an eternal optimist , he loves to explore new heights and worships nature.
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Pros and Cons of Land Investments– All you need to know

By
Bhanu Sahu
-

Investing in land is often considered a good option as it can provide higher returns than other real estate investments. However, before you decide to invest in land, it’s important to understand the advantages and disadvantages of this type of investment. This article explores the pros and cons of investing in land to help you make an informed decision.

Real estate is one of the most popular investment options in India, and among the various types of properties, land is the most preferred. This is because land investments generally offer higher returns, better resale value, and lower maintenance costs. However, it’s important to evaluate the investment properly before making a decision. Like any other financial product, land investment has some downsides, such as limited availability and tax-related issues.

Advantages and Disadvantages of land investment

Advantages

Investing in land can be a wise decision for those looking to enter the real estate market. Here are some advantages to consider:

Low investment cost: Purchasing a property in metro cities such as Delhi, Mumbai, and Bangalore can be challenging due to high property prices. Investing in a plot of land in emerging areas can offer an easier entry point into the market. Residential plots in peripheral areas of cities are often available at more competitive prices than established areas or city centers. For example, buying a land parcel in outer areas of Mumbai, such as Palghar, Manor, Boisar, and Dahanu, can be a lucrative option for those looking to invest in their second or vacation homes.

Multiple uses: One of the biggest benefits of buying land is the ability to customize it for any future use. Land can be used for poultry farming, agriculture, or to construct a house. Investors can also sell the land to a developer for the construction of residential or commercial developments or enter into a joint venture agreement with a real estate developer under RERA. This not only provides an exit route but also allows investors to attain their share of profit in the form of a newly constructed unit.

Higher resale value: The rate of appreciation on land is higher than constructed properties as land remains in the same condition, barring natural impact caused due to weather or erosion. Additionally, a limited supply of land ensures higher competition in the market, ushering in increased price points.

Less maintenance: The cost of maintaining a plot is usually less than that of a constructed property. Investors do not have to worry about recurrent repairs or revamps. Apart from mowing the area or fencing and hiring a guard for surveillance, plots do not involve additional maintenance.

Improved norms: The Real Estate (Regulation and Development) Act, 2016 (RERA) has brought in a sea change in the real estate norms and regulations. Not only does it tighten the noose on realtors to adhere to the changed norms, but also brings in increased transparency and accountability. For instance, for those who invest in residential plots, the requirement is that the land plot must be RERA registered.

Digitization of land records and maps: The Union and State governments are undertaking a massive exercise to digitize old maps and land records. This is a positive for land investments as it will usher in more transparency and clarity. The digitization process will enable easy translation for such land records. The simplification of access to land records will enhance the attractiveness of land investments.

Disadvantages of land investment

Investing in land has its advantages, but it also has some limitations. Here are some things to keep in mind:

Availability of land is a concern: While demand for land is always increasing, supply is decreasing. With a growing population and infrastructure projects, land availability has decreased, especially in cities. If you’re looking to buy land in a Tier I city, you may only find land on the outskirts.

The land is susceptible to encroachments. Illegal confiscation of land is a common problem, with many cases reported across the country. This can be a costly legal issue to resolve. If you’re buying agricultural land, it’s important to check ownership details for the last 30 years. The government can take agricultural land for infrastructure or commercial projects.

Reselling land can be complicated: While land value appreciates quickly, finding a buyer willing to pay a higher price can be a challenge. Compared to other financial products, such as gold or mutual funds, land cannot be immediately sold when you need to cash out. It may take years to find a suitable buyer.

Getting a loan for land purchase can be difficult: Banks are hesitant to lend money for land purchases due to fraud associated with plot deals. Banks prefer to lend money for land purchases from renowned builders.

Taxation and compliance issues can be complex: Investment in land requires an understanding of tax laws, especially in the post-RERA regulatory environment. Failure to comply can result in penalties. Unlike home loans, there are no tax benefits for interest paid on loans for land investment. Property tax rates in cities across India increase steadily, putting an additional burden on landowners.

Emerging trends in India’s real estate land investment sector

According to a recent interview with Niranjan Hiranandani, a prominent figure in the real estate industry, there is a forecasted boom in the realty sector in 2024. Mr. Hiranandani predicts a 15 percent growth across the board, citing a hopeful change in the system and a decrease in non-performing assets (NPAs) to less than 1.5 percent, the lowest in any sector. Additionally, factors such as middle-class expansion, upcoming developments, and continued governmental support are expected to contribute to the promising outlook for land investments in India.

Bottom line

Investing in land presents a myriad of opportunities and challenges that require careful consideration. The digitization of land records further enhances transparency and accessibility. Despite these challenges, the emerging trends in India’s real estate sector indicate a positive outlook with anticipated growth and government support.

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A Guide For Selecting Tiles

By
Bhanu Sahu
-

The living room is an essential part of any home, and the tiles you choose for it can have a significant impact on how it looks and feels. They’re just as important as the decorations and wall art you choose. Not only do your living room tiles need to look good, but they also need to be of good quality and the right size. Picking the perfect tiles might seem like a daunting task, but it’s essential to get it right. In this article, we’ll help you choose the right tiles for your living room.

Tiles are a popular choice for modern homes because they are durable, easy to care for, and stylish. You can choose from a variety of tile materials, such as stone or porcelain. When choosing tiles for your living room, you should consider their texture, pattern, size, quality, and cost. By selecting the right tiles, you can give your living room a fresh new look and enhance the beauty of your home. We’ve put together a guide to help

Types of tiles for living room

Looking for the right type of tile to use in your living room? Here are five options to consider:

Stone Tile

Stone tiles like travertine or slate have a natural look that adds rustic charm to your living room. They come in different earthy tones and textures, but they need regular sealing to keep their durability.

Vinyl Tile

Vinyl tiles are budget-friendly, versatile, and easy to maintain. They come in different designs, including wood, stone, and abstract patterns, and are resistant to moisture and high traffic.

Porcelain Tile

Porcelain tiles are known for their sophistication and durability. They look like natural materials such as marble or wood, but they are highly resistant to stains and scratches. They’re a good choice for living rooms because they don’t absorb water, making them long-lasting.

Mosaic Tile

Mosaic tiles come in different designs and materials, such as glass or ceramic, and offer endless possibilities to add personality to your living room

Tips for selecting quality tiles for living room

Here are some things you should keep in mind while selecting tiles: 

  • Choose tiles that are made of Porcelain or Ceramic, as they are known for their durability and ability to resist wear and tear. These materials ensure that your tiles will look beautiful and last a long time, especially in high-traffic areas like floors and walls.
  • Look for tiles with a high-quality surface finish that is easy to clean and resists stains. This will help to keep your tiles looking great for years to come.
  • Make sure that the tiles you choose are thick enough for their intended use. Thicker tiles are generally more durable and able to withstand daily use without chipping or cracking.
  • Check the water absorption rate of the tiles, especially if you’re planning to use them in areas that are prone to moisture. Tiles with low water absorption rates are less likely to be damaged by water exposure, making them ideal for use in bathrooms, kitchens, or any other space where spills can happen.
  • Make sure that the tiles you choose have consistent colors across the entire batch. This will ensure that they look great when installed and provide a seamless and aesthetically pleasing appearance.

Ideal-size tiles for living room

The ideal tile size for a living room depends on various factors, including the room’s dimensions, layout, and personal preferences. One of the common tile sizes used for the home is 18×18 inches or 24×24 inches. These large tiles not only expand the space but also help to create a more open and cohesive look. They also reduce the number of grout lines, providing a smoother and more continuous surface. 

Calculate the number of tiles for living room

Are you wondering how to calculate the number of tiles needed for a room? It’s important to choose the right size of tiles to create the perfect ambiance. But how do you know how many tiles you need? Here’s a simple guide:

Measure the room

Find out how long and wide the room is in feet. Then multiply these two numbers to find out the square footage of the room.

Consider wastage

It’s always a good idea to add a bit extra when calculating how many tiles you need. This is because you might make mistakes or need to cut some tiles to fit the room. We recommend adding around 10% extra, but it can vary depending on the room and tile layout.

Calculate the total area

Once you’ve added some extra, multiply the total square footage by the percentage you added. This gives you the total square footage needed, including the extra tiles for waste.

Find out the tile size

Next, you need to know the size of the tiles you plan to use. If the tiles are in square feet, just divide the total square footage needed by the size of each tile. This will give you the total number of tiles required for your room.

Total tiles = Tile size/total square footage with wastage

Ideal colors for tiles for living colors

If you’re planning to give your living room a fresh new look, choosing the right tile colors can make all the difference. Here are some tips to help you select the perfect tile colors:

  • Consider the overall style and colors of your living room. You want to choose tile colors that complement or contrast with the predominant hues in the room. This will help create a cohesive and visually appealing space.
  • Think about how much natural light your living room gets. Lighter tile colors can make a room feel more open and airy, while darker colors can add warmth and coziness. Choose tile colors that work well with the lighting conditions in your room.
  • For smaller living rooms, lighter-colored tiles can help create the illusion of space, making the room feel larger. In larger rooms, you have more flexibility to mix and match lighter and darker tiles to add visual interest.
  • It’s also important to consider the colors of your existing furniture and decor. You want to choose tile colors that harmonize with or provide a complementary contrast to your furnishings. This will help ensure that your tiles enhance the overall aesthetic of the room.
  • Don’t forget to get samples of the tiles for living room. This will give you a chance to see how the colors look under different lighting conditions and alongside your furnishings. It’s a hands-on approach that can help you make a more informed decision.

Some latest trends for living room flooring

There are some great trends happening in the world of flooring design. Here are some of the latest options to consider:

Luxury Vinyl Plank: This flooring option looks like hardwood but is actually made of vinyl. It’s a great choice because it’s durable, easy to maintain, and affordable. Plus, it’s water-resistant, which makes it perfect for any room in your home.

Wood-Look Porcelain Tiles: Porcelain tiles that look like wood are gaining popularity because they offer the timeless charm of hardwood floors, but are more durable and moisture-resistant. You can choose from a wide variety of wood species to get the look you want.

Large Format Tiles: If you’re looking for a modern and sophisticated look, large-format tiles might be the way to go. These tiles are bigger than traditional ones, which creates a seamless and expansive appearance. Plus, fewer grout lines mean less cleaning.

Natural Materials: If you’re interested in eco-friendly options, consider natural materials like cork and bamboo. Cork is comfortable to walk on and has a unique texture. Bamboo is renewable and environmentally friendly.

Mixed Material Floors: If you’re feeling adventurous, consider mixing different flooring materials in the same room. This approach allows for creative design expressions and can add layers of texture and personality to your living room.

Final Thoughts 

When choosing tiles for living room, consider factors like size, material, color, and style. Make sure to balance practicality with aesthetics to ensure the floor is durable and functional. With so many options available, you’re sure to find the perfect fit for your home.

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Maximise Your Real Estate Investments Profits With Arbitrage

By
Bhanu Sahu
-

Real estate arbitrage is a clever investment strategy that involves buying properties at a low price and then selling them quickly for a higher price or renting them out at a higher rate. The idea is to take advantage of the differences in property prices to make a profit.

In simple terms, you can think of buying something cheap and then selling it for more to make a profit. In this article, we will take a closer look at this investment strategy and explain how it works, along with its advantages and risks. If you are curious about this fascinating investment approach, keep reading!

An Overview

Arbitrage is a way of making money by buying something at a lower price in one place and selling it at a higher price in another place. This works because sometimes things are priced differently in different places, even if they’re the same thing. People who do this are looking for ways to make extra money, but it’s not easy. You need to really understand the market, have some money to invest, and be good at talking to people to get the best deals.

Real Estate Arbitrage Example

For example, if you own a beach-view apartment in Mumbai but want to move to the mountains for a while, you could rent out your apartment on Airbnb to make some extra money. Another example is buying a property during a real estate downturn and selling it later during a boom for a higher price. There are many ways homeowners and property investors can use arbitrage to make a profit without taking on too much risk.

Arbitrage Types

As an investor, you can use different real estate arbitrage strategies to make a profit. Some popular strategies include:

Fix-and-Flip

“Fix-and-flip” is a common way for real estate investors to make money. It involves buying properties that need fixing up, making them look nicer, and then selling them for more money than what was paid for them. To be successful, investors need to carefully study the real estate market and understand how much it will cost to fix up the property, so that they can make a good profit.”

Wholesale flipping

A tactic called wholesale flipping can help you make a profit by buying discounted properties and then selling them to other investors. To do this successfully, you need to be good at negotiating and have a solid grasp of the local real estate market.

Geographic arbitrage

Geographic arbitrage is basically when you buy property in a place where it’s cheap, but it’s expected to grow in value, and then sell it for a big profit in a more expensive area. It’s a smart way to invest your money and make it work for you.

Rent-to-Own

Rent-to-own is a smart way for people to rent a property with an option to buy it later. It’s a win-win situation for both the landlord and the tenant because the tenant can build equity while paying rent, and the landlord gets a steady rental income.

Tax lien and deed arbitrage

Tax Lien and Deed Arbitrage is where people buy properties with unpaid taxes or liens and then make money by redeeming them or foreclosing on them. It’s a bit complicated, though. You have to do a lot of research and really understand the local tax laws. 

Anyway, there are different types of real estate arbitrage strategies and each one comes with its own risks and rewards. So, if you’re thinking of giving it a try, make sure you do your research and figure out what you’re getting into before you start..

How Does Arbitrage Work?

Real estate arbitrage is when you buy a property at a lower price and then sell it for a higher price, making a profit. You can do this with any type of property – like apartments, offices, or even empty land. But there are two ways you can go about it when it comes to real estate.

Buying below-market-value property

To apply arbitrage in real estate, one strategy is to acquire a property at a price that is below its market value. This can be achieved through various means, such as purchasing distressed properties, foreclosed homes, or from motivated sellers. By purchasing the property at a lower price, the investor can sell it for a higher price in a short period, taking advantage of the price appreciation and making a profit.

Leasing below-market-value property

One way to make money in real estate is by leasing a property at a price lower than its actual worth. This can be done by negotiating a good lease agreement or finding landlords who are willing to rent their properties at a lower price. Once the property is leased, the investor can rent it out at a higher price, making a profit from the difference in rent. 

To succeed in these strategies, it’s important to carefully study the real estate market, evaluate the value of the property, and choose the right time to invest. It’s also important to look for properties that have the potential to increase in value or generate good rental income. By taking advantage of price differences, investors can earn good returns in the real estate market.

Benefits & Drawbacks of Rental Arbitrage

Renting a property on a long-term basis and then subletting it for short-term stays for a profit is called rental arbitrage. This business strategy has become popular in recent years due to platforms like Airbnb. However, it is important to weigh the benefits and drawbacks before starting this business.

Benefits:

  • The market for short-term rentals is flourishing, especially in popular tourist destinations such as Goa and Jaipur. There is a high demand for unique and affordable accommodation options.
  • Short-term rentals require less maintenance compared to traditional rental properties. Guests usually stay for a few days, which reduces wear and tear on the property.

Drawbacks:

  • As rental arbitrage is becoming more popular, competition is also increasing. It can be challenging to stand out among other hosts and attract bookings.
  • Managing short-term rentals involves additional expenses such as cleaning fees, maintenance costs, and marketing expenses.

Factor Considerations for Rental Arbitrage 

Making money through short-term rentals may seem like a good idea, but it’s important to know that the profits may not be as high as you expect. After accounting for expenses, you may end up with less money than you thought. Additionally, the market for short-term rentals can be unpredictable, which means that you might not be able to count on a steady stream of renters.

Bottom Line

Investing in real estate can be a way to make quick money, but it comes with risks. If you invest in the wrong property, you could end up losing money instead of making it. It can also be hard to keep up with the trends and know when is the best time to invest. To make sure you’re making the right decision, it’s important to do your research, talk to experts, and get advice from finance professionals before you invest.

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Ceiling Light Designs For Your Lively Home

By
Bhanu Sahu
-

Lighting is an essential element in any home, and ceiling lights play a vital role in shaping the look and feel of your living spaces. They not only provide functional illumination but also add a unique touch to your interiors. With the right type of ceiling light design, you can brighten up your rooms without compromising on floor space. 

The right ceiling light design can transform your home into a lively and welcoming space. So, take your time to explore the various options available and choose the one that fits your style and budget.

Ceiling Light Designs

The right ceiling light design can transform your home into a lively and welcoming space. So, take your time to explore the various options available and choose the one that fits your style and budget.

Ceiling Light Designs 

Ceiling lights come in various forms and shapes, and you can choose the one that best suits your needs and style. For example, you can use recessed ceiling lights in your bedroom to create a relaxing ambiance, or dainty pendant lights in your living room for an intimate setting. With so many options available in the market, it can be overwhelming to decide which one to choose. Here are a few popular options that you can consider for your home:

Crystal chandelier ceiling light design

Crystal chandeliers are a popular choice for ceiling lights, and they can instantly add sophistication and elegance to any room. You can find chandeliers in different shapes, sizes, and materials, and choose the one that matches your interiors. Whether you prefer traditional or contemporary styles, there’s a chandelier out there for everyone. Just keep in mind that the electricity consumption of each chandelier varies based on the number of bulbs used. 

Flush mount ceiling lights

Flush mount ceiling lights are a great option for homes with low ceilings or if you have kids or pets that might be attracted to hanging lights. They come in traditional, transitional, and contemporary styles and can be made of various materials like copper, glass, or plastic. You can choose from different types of bulbs like incandescent, CFL, LED, or halogen lights. If you want to be eco-conscious, go for LED bulbs to get a modern look.

Semi-flush mount fixtures

Semi-flush mount fixtures are a combination of chandeliers and flush-mount fixtures. They hang lower than flush-mount lights and are ideal when you don’t have the required height for a chandelier but want a unique light fixture that can stand out. These lights are also economical and can be fitted with any bulb depending on the amount of light you require.

Pendant lights or lamp shades

Pendant lights or lamp shades are another popular option for home lighting. Pendant lights are hung low and create a focused source of light that can be bright or dim depending on your preference. Lamp shades are a great option if you want to create a new look without any additional civil or electrical work. They can be attached to an existing ceiling fitting and come in three popular types – spider, uno, and clip-on.

Inverted Pendant Lights

These lights are great for general illumination and are perfect for living rooms and entryways. They point upward towards the ceiling, making them different from semi-flush lights that are mounted directly on the ceiling.

Track Lights

These lights are perfect for highlighting a specific area of your home, such as a painting or a curio. They can add a decorative touch to your home and are great for living rooms and hallways.

Recessed Ceiling Lights

These lights are installed in a hollow in the ceiling, making them a softer lighting option for your home. They are great for creating a specific mood in your home and can be used in living rooms, bedrooms, and even kitchens.

Cove Lights

These lights are built into the recesses of ceilings to illuminate both adjacent walls and the ceiling. They generally offer soft and diffused illumination, making them perfect for creating a warm and welcoming vibe in your home.

POP Ceiling Lights

These lights are perfect for homes with a pop ceiling. They offer a lot of lighting options and can be used to implement various ceiling light ideas. Cove lights, recessed lights and LED strips are common options that you can consider.

These are just a few options that you can consider for your home. When choosing a light, consider the purpose of the space, the amount of light needed and the overall style of your home.

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Commercial Property Investment— How to earn from investment?

By
Bhanu Sahu
-

Nowadays, many people are looking for ways to earn money passively. One way to do this is by investing in commercial properties. Commercial property investments can provide a steady source of income and give you something tangible to own.

If you’re interested in creating a long-term income stream, investing in commercial property is a great option. Not only can you earn money through rental income, but you’ll also have the right to own a physical asset. In this guide, I’ll show you how you can invest in commercial properties and earn rental income without any difficulties.

Ways to Invest in Commercial Property

Fractional property ownership 

  • Fractional commercial real estate ownership is a recommendation from industry experts, and it brings several significant benefits, including capital growth, rental income, and resale opportunities. The following key points outline how this type of investment works:
  • Multiple investors pool their capital to purchase a shared commercial property, reducing the burden of the high ticket size that would otherwise be a concern for individual buyers. 
  • Shared ownership provides an opportunity for earning stellar returns and profits while also balancing risk amongst the investors. 
  • Grade A office spaces offer a strategic starting point, given the steady growth in commercial property throughout India. 
  • It is essential to identify reputable companies and tenants willing to sign long-term leases and make timely payments. 
  • Shared ownership of commercial properties ensures that everyone benefits from the appreciation in capital values, resulting in rising values and rental rates. 
  • Commercial properties are tangible, stable assets with steady market demand, which makes capital appreciation swift. 
  • Finally, individual investors can realize a substantial profit by selling the commercial property.

Regular commercial property investments

If you’re interested in investing in fractional commercial property ownership in India, you should know that it can be hard to find suitable investment models. Here’s what you should know if you’re an individual investor:

  • Choose a commercial real estate unit
  • Do your due diligence
  • Sign the sale deed and pay the stamp duty
  • Rent out the commercial unit
  • Sign lease agreements
  • Ensure good maintenance
  • Collect rent and reap the benefits of steady break-even on your investment
  • Benefit from both capital appreciation and rental returns

Before you start earning money from investing in commercial property, you should know about the different types of income you can earn. Active income comes from working, either as an employee or self-employed. Portfolio income can come from mutual funds, stocks, and other investments. Passive income comes from commercial property investment.

Ways to start earning

Pre-leased properties

  • Investing in pre-leased properties means buying properties that are already rented out to tenants. As an investor, you have more control over your investment and can expect a predictable monthly income from rent. These properties offer lower risks because they are ready-to-move with tenants already in place. 
  • You can make a 20 percent down payment and may have the option to avail an 80 percent lease rental discount, if available. The minimum lock-in tenure is usually between 1-5 years. 
  • While pre-leased properties provide immediate returns with a 5-7 percent yield, they come at a higher price due to the monthly income already in place. However, if tenants do not renew their leases, you may have to find new tenants. 
  • It is important to note that pre-leased properties may have lower capital appreciation benefits, as they are sold at a premium. 

Under-construction properties

  • Investing in under-construction properties involves the risk of developers delaying construction. This can lead to projects stalling for long periods of time. However, certain commercial properties with prime locations, strong market demand and supply parameters, a good track record of the real estate developer, and a configuration that favors tenants present a good investment opportunity. 
  • For investors with long-term horizons, it’s an opportunity to take advantage of favorable circumstances for buyers. Under-construction properties can be purchased at significantly lower prices and with comparatively lower interest rates. This can result in a higher return on investment, with returns reaching up to 10-12 percent in some cases. 
  • The acquisition cost per square foot is handsome, and the returns are often higher than those of pre-leased properties. Additionally, there is a higher chance of capital appreciation, and construction-linked payment plans are often attractive. However, it’s important to note that there is a risk of delays in possession and finding tenants once the project is complete.

Ready commercial properties

When you choose a ready commercial property, you get it immediately without any delays or uncertainties. However, the cost of such a property is usually higher, which means your returns may not be as high as expected. You also have to pay the entire amoun upfront, which is an important consideration. Getting tetnats may also be difficultat times. The acquisition cost will depend on prevailing market rates. However, there is potential for capital appreciation. In most scenarios, return are unlikely to exceed 8 percent. 

Conclusion

The key to success lies in a well-informed and strategic approach, aligning investment choices with individual financial goals and risk tolerance. As you embark on your commercial property investment journey, keep in mind the diverse options available and tailor your strategy to capitalize on the unique advantages each presents. With prudent decision-making and diligent management, earning from your commercial property investment can become a reality, providing a steady stream of passive income and potential for capital appreciation over time.

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Outdoor Stairs Design For Visually Appealing & Functional Exterior Space

By
Bhanu Sahu
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Outdoor stairs offer more than just convenience in accessing different levels in your outdoor living space. They can also be a stunning addition to your home’s exterior, adding elegance and style to your property. A variety of materials, such as wood, stone, or concrete, can be used to create beautiful outdoor stairs, ensuring both durability and aesthetic appeal. 

However, building outdoor stairs requires careful planning and design, particularly when selecting the materials to use, considering they will be exposed to harsh weather conditions. In this article, we will delve into some of the most impressive outdoor stair design ideas you can consider incorporating into your home’s exterior.

Cascading garden stairs

One charming outdoor staircase design is cascading garden stairs. These steps are ideal for navigating a sloped landscape and creating a visually pleasing transition, adding a natural and organic feel to your outdoor space. 

Lighted stairs

Lighted stairs are another impressive design and enhance both safety and aesthetics. By incorporating LED lighting into the stair risers or railings, each step is illuminated, creating an ethereal ambience for your home’s exterior.

Combination of wood and stone 

A subtle combination of wood and stone offers a rustic and modern staircase. Wooden steps paired with stone or rock veneers add texture and character to the outdoor staircase and are perfect for traditional-themed homes. 

Iron and wood combination

Iron and wood combination stairs provide a balanced blend of modern and rustic elements. Iron railings offer stability and a contemporary look, while the wooden steps add warmth and natural beauty. 

Forged iron stairs

Forged iron stairs with artistic details go beyond mere functionality and can incorporate intricate and artistic designs, turning your stairs into a captivating centrepiece.

Floating concrete

Floating concrete steps provide a sleek, contemporary, and minimalist aesthetic that defies gravity, with hidden supports that give the impression of floating treads. 

Exposed aggregate 

Exposed aggregate concrete stairs offer a unique texture and visual interest, ideal for rugged or industrial outdoor spaces. 

Curved concrete

Curved concrete stairs introduce elegance and a sense of flow to your outdoor environment, providing a graceful transition to enhance the aesthetics of gardens, landscaped yards, and properties with organic architectural elements.

Decorative concrete

Concrete stairs with built-in planters combine the practicality of stairs with the beauty of nature. These steps feature planter boxes that allow you to plant flowers or succulents, adding a unique freshness to the outdoor space. Decorative concrete overlays provide an array of outdoor design possibilities, constructed using brick, stone, or tiles that can be customised according to your preference. 

Floating stairs

Floating stairs anchored to the wall are a hallmark of modern design, with an open, minimalist look that is both functional and visually striking, perfect for contemporary outdoor settings.

Spiral staircases

Spiral staircases offer a space-saving and aesthetically pleasing solution for outdoor spaces with limited square footage, featuring sleek and minimalist designs with steel, glass, and aluminum materials.

These outdoor stair design ideas are sure to elevate the style and functionality of your home’s exterior.

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E-auction Of Property: Modern way to buy properties

By
Bhanu Sahu
-

Buying properties online is now possible too! With e-auctions, you can bid for properties from the comfort of your home. But how does it work? Read on to find out everything about e-auction property. 

Now, property auctions have moved to the online space. Banks and private sellers have put up their properties for bidding, so you have a lot of options. However, you should also be aware that e-auction properties have certain legal and tax implications. This article covers everything you need to know about e-auction properties, including their meaning, the things you should consider, financing options, and more.

Meaning

E-auction is a modern way of buying and selling properties online. It allows people to participate in the auction from any location. E-auctions are popular in India because they are easy to use. During an e-auction, buyers can bid for properties online instead of going to a physical location. This makes the process more efficient and transparent. It also enables people to participate from the comfort of their own homes.

Factors to consider when purchasing

If you’re planning to buy a property at an online auction, there are some things you should keep in mind to increase your chances of making a successful purchase. 

Research the property: You need to research the property you’re interested in. This is important to avoid legal issues in the future. Before bidding, check the location, amenities, legal status, pending litigations, and encumbrance certificate. 

Set a budget: It’s important to set a budget for your purchase. You’ll want to make sure you’re not overspending and that you’re making a profitable investment. Before you bid on a property, research its market value, possible renovation costs, and additional taxes.

Understand the auction process: You should also have a basic understanding of the auction process. Make sure you know the bidding rules, registration process, and any additional fees or charges associated with participating.

Verify the seller: It’s important to verify the credibility and authenticity of the seller before making a purchase. Check if they have the legal rights to sell the property and obtain all necessary documents to avoid any legal complications in the future.

Inspect the property: Before making a final decision, it’s a good idea to visit the property and inspect it thoroughly. Check for any potential issues that may require repairs or maintenance in the future.

Seek professional advice: Consult with a trusted lawyer to get valuable insights about the process and guidance about making the final decision.

Pros and cons

E-auctions of properties come with their own set of advantages and disadvantages. 

The advantages are: 

Lower Prices: Properties sold at e-auctions generally start with lower bids, presenting an opportunity for buyers to purchase real estate at a discounted price.

Wide Selection: E-auctions offer a broad range of properties, including residential, commercial, and industrial, providing buyers with more options to choose from.

Transparency: E-auctions are conducted online, which ensures transparency in the bid process, allowing buyers to view the current highest bid and make informed decisions.

Convenience: Buyers can participate in e-auctions from the comfort of their homes, eliminating the need to physically visit multiple properties. 

The disadvantages are:

Competition: E-auctions are open to a larger number of buyers, resulting in increased competition, and potentially driving up the final bidding price. 

Inspection Challenges: Buyers may face difficulties in inspecting the property before bidding, as online auctions often provide limited opportunities for physical visits. 

Uncertain Property Condition: E-auction properties are sold “as-is,” which means that buyers may encounter unexpected issues or repairs after the purchase.

Legal risks:Buyers should conduct thorough research on the legal status and ownership history of the property to avoid potential legal complications.

Financing options

When purchasing a property at an e-auction, it is crucial to consider the financing options available to you. Here are some options to consider:

Home loan

A home loan is a popular financing option for property purchases, including the ones bought at an e-auction. Banks and financial institutions offer home loans with competitive interest rates and flexible repayment terms.

Loan against property

If you already own a property, you can opt for a loan against the property to finance the purchase at an e-auction. This type of loan allows you to borrow against the value of your existing property, providing you with the funds needed for the purchase.

Personal loan

In some cases, you may consider a personal loan to finance the purchase. However, personal loans generally have higher interest rates compared to home loans or loans against property. Hence, it becomes essential to carefully consider the terms and conditions before opting for a personal loan.

Self-financing

If you have sufficient funds available, you can choose to self-finance the purchase. This eliminates the need for a loan and allows you to directly purchase the property at the e-auction.

Here are the interest rate and repayment terms for the most popular financing options:

It’s a good idea to talk to a financial advisor and compare the interest rates, repayment terms, and other charges associated with different financing options before making a final decision.

Income tax implications

Acquiring property through an e-auction may present an opportunity for a profitable investment, but it is crucial to take into account the income tax implications involved. To this end, it is vital to keep in mind the following key points: 

Capital gains tax: Upon selling the property in the future, any gain realized will be subject to capital gains tax. The tax rate applicable depends on the duration of property ownership. If the property is held for less than two years, it will be treated as a short-term capital asset and taxed at the applicable income tax slab rate. If held for more than two years, it will be considered as a long-term capital asset and taxed at a flat rate of 10 percent after adjusting for inflation.

Stamp duty and registration charges: While purchasing property through an e-auction, stamp duty and registration charges are payable. These expenses are deductible from the total cost of the property to calculate capital gains tax.

Rental income: The property can be rented out, and any income earned will be taxable based on the tax slab rate if the Gross Annual Value exceeds Rs 2.5 lakh.

Loan interest deduction: If a loan was taken to acquire the property, a deduction can be claimed for the interest paid on the loan under Section 24(b) of the Income Tax Act. The maximum deduction allowable is Rs two lakh per year.

Tax benefits for first-time buyers: First-time homebuyers may be eligible for additional tax benefits under Section 80EEA. This allows for a deduction of up to Rs 1.5 lakh on the interest paid on home loans, subject to specific conditions.

Thanks to the convenience associated with e-auctions, they have become increasingly popular in India. If you are considering participating in one, it is advisable to begin your research on the available property options, assess your budget, and proceed accordingly.

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Smart Kitchen Designs for Smart Home

By
Bhanu Sahu
-

Smart kitchen designs have become increasingly popular in recent years, with homeowners looking for ways to reduce their daily workload and make cooking, cleaning, and storage more effective. German modular kitchens have superseded Italian kitchens, and today there are many options in the market for futuristic kitchen concepts. The idea behind smart kitchen designs is to save space without compromising on style, making everyday cooking a breeze.

Smart kitchens are integrated with state-of-the-art technology that is designed to fit homes of different sizes, and they are expected to be a key trend in 2023. There are many different types of smart kitchen designs available, each with its own unique features and benefits. 

U-shaped kitchen design

The U-shaped smart kitchen design is a simple yet smart option for small homes. It features a breathable design with space for built-in kitchen appliances, freeing up drawers for everyday cutlery. 

L-shaped kitchen cabinet design

The L-shaped smart kitchen cabinet design allows for a seamless and logical flow between the stove and kitchen island, making it perfect for quick breakfasts, buffet stands for parties, and as a segregator between the kitchen and living room. 

Kitchen design with floating cabinets

Floating cabinets are another interesting use of the L-shaped modular kitchen design, built to hold exclusive cutlery and appliances like your microwave, making cleaning counters easy. A laminate paired with white and teal matches the drawers below to give the space a minimal but chic vibe. 

Kitchen design with shelves

If you have a small modular kitchen with little space for your utilities, a smart kitchen design with shelves is a great option. A small corner dedicated to floating shelves is pure genius, making the space feel airy with space for your everyday essentials. 

Kitchen design with built-in appliances

For those looking for a more innovative design, the modern smart kitchen design with built-in appliances is perfect for Indian homes. Every inch of the kitchen is strategically organised with space for built-in appliances, push cutlery cabinets, and grocery storage. 

Kitchen design with movable island

The movable island in a smart kitchen design is another great option, keeping the space neat without compromising functionality. Plus, since it has wheels, you can use it as a table and as a storage box! 

Smart kitchen with custom cabinets

Wall-to-wall custom cabinets in an L-shaped kitchen give you the freedom to get all your storage needs sorted, while the smart kitchen interior design with a prep corner is perfect for those who don’t have space on the kitchen counter to get their prep done. 

Open smart kitchen

The open smart kitchen design layout is another brilliant idea when designing a smart kitchen, curated for seamless movement while cooking. The custom cabinet with room for an OTG and its utensils adds an ultra-luxe feel without effort.

Kitchen designs with vertical storage

The smart modular kitchen designs with vertical storage are a refreshing change in terms of design and storage, utilising space between the refrigerator and wall with long vertical cabinets in different sizes.

Bottom Line

The rise of smart kitchen designs reflects a growing desire among homeowners to enhance efficiency and style in their culinary spaces. As we step into 2023, the integration of state-of-the-art technology into kitchen layouts is poised to be a key trend. The diverse array of options, from U-shaped designs for small homes to open layouts promoting seamless movement, caters to different needs and preferences.

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Ready Reckoner Rate – What Does it Mean and How to Calculate It?

By
Bhanu Sahu
-

The Circle Rate or Ready Reckoner Rate is a fixed value set by state governments for real estate properties like commercial and residential lands. The rates vary across cities, localities and states, and are updated annually based on the areas in the state. 

The minimum rate for any property-related transaction is determined by the Ready Reckoner Rate. Therefore, no property transaction can take place below this predefined benchmark for a locality. The government calculates the stamp duty based on the Ready Reckoner Rate or the actual value of the transaction, whichever is higher.

It is important to note that the Ready Reckoner Rate is used to levy registration fees and stamp duty by the government for any property-related transaction.

Example of Ready Reckoner Rate

Imagine you’ve found a property you want to buy in a particular area that has a set price per square foot. This is called the Ready Reckoner Rate (RRR). But sometimes, the property might be worth more or less than the RRR. 

If the property is worth more than the RRR, you’ll need to pay the registration and stamp duties based on the higher value. But if it’s worth less than the RRR, you’ll still need to pay the fees based on the higher RRR value. 

The government sets this RRR price to make sure they don’t lose out on important revenue. They review and adjust the RRR every year to keep it close to the real market value. This helps buyers and sellers make fair deals and prevents any cheating.

How is the Ready Reckoner Rate calculated?

Calculating the Ready Reckoner Rate (RRR) for a property in your region requires a thorough understanding of the calculation method and the factors that affect it. Here are the steps to follow:

  • Identify the Relevant Authority: Find out which government authority is responsible for setting the RRR in your jurisdiction. The authority may differ depending on the region or state you are in.
  • Determine the Factors Influencing the RRR: Once you have identified the authority, determine the factors that affect the RRR. These factors include the property’s location, prevailing market rates, property type, amenities, infrastructure, and other relevant aspects. Understanding these factors will help you calculate the RRR more accurately.
  • Evaluate the RRR: The government authority responsible for setting the RRR usually publishes a table or list of rates for different regional areas or zones. This table is known as the RRR table. 
  • Locate the Property: To calculate the RRR for a particular property, locate it in the relevant zone or area in the RRR table.
  • Identify the Property Characteristics: Once you have located the property, identify the relevant property characteristics in the RRR table. These characteristics may include the size or area of the property, the type of construction, the age of the property, and other relevant details.
  • Calculate the RRR: After identifying the relevant property characteristics, calculate the RRR by referring to the corresponding rates in the RRR table. Multiply the applicable rate by the property’s size or area to arrive at the RRR for that particular property.

By following these steps, you can calculate the RRR for a property in your region accurately and efficiently.

Understanding Ready Reckoner Rate with an Example

Suppose you want to buy a residential flat in Maharashtra, where the stamp duty is 5%. Based on the Ready Reckoner Rate set by the Maharashtra government, the value of the property comes to Rs 50 lakh. So, the stamp duty calculated at 5% would be Rs 2.5 lakh.

But, if you end up buying the same flat at a higher price of Rs 70 lakh, you will have to pay a stamp duty of Rs 3.5 lakh (calculated based on the actual value of the transaction).

On the other hand, if you had bought the flat at a lower price of Rs 40 lakh, making the stamp duty Rs 2 lakh, you would still have to pay the minimum amount of Rs 2.5 lakh (according to the minimum value of property set by the Maharashtra government or Ready Reckoner Rate).

So, the Ready Reckoner Rate is a way to ensure that property transactions are done at a fair price and that the government gets its due share of stamp duty.

How does ready reckoner affect the real estate transaction?

Although there are regulations and a fixed minimum selling price for any property, there is no maximum price limit. In India, most properties are sold at a higher rate than the Ready Reckoner Rate (RRR). For instance, the reckoner rate in Mumbai might be set at a particular price, but the actual transaction will take place at rates far above the RRR in Mumbai.

The market price is the price that a customer agrees to pay for a particular property, and it is usually much higher than the RRR. As a result, the buyer has to pay more out of their pocket. However, to save taxes and stamp duty money, people often show prices lower than the actual value, keeping it close to the RRR.

In this process, individuals pay only the minimum registration fees and stamp duty, while the remaining transaction amount is in liquid money. This results in a significant loss of revenue for the state and contributes to the increase of black money in the market. 

To prevent such revenue loss, the process is reviewed annually or biannually, and adjusted close to the current market value. However, setting a higher RRR than the market price may discourage potential buyers, as they would have to pay more than the agreed-upon stamp duty. Consistent monitoring and review of the process will ensure the market remains healthy and stable. 

What impact does a ready reckoner have on demand?

Different states in India have different rates for the fees you have to pay when you buy any property. These fees are either based on the Ready Reckoner Rate or the market rate, whichever is higher. In some states, this could be as high as 8-10% of the entire transaction amount. So, when you’re buying a property, you have to pay the fees based on the Ready Reckoner Rate even if you’ve paid a lower price initially. This means you have to pay more fees than you should and the seller has to pay more tax, which isn’t great for anyone. It’s better when the Ready Reckoner Rate is the same or lower than the market value because everyone benefits and it helps boost the real estate sector. 

What is the impact of selling properties lower than ready reckoner rates?

When you buy a property, the government sets a minimum amount of tax that you have to pay, which is called the ready reckoner rate or circle rate. If you buy a property at a price lower than this rate and the difference is 105 or less than the standard rate of the area, you and the seller will have to pay extra money as a penalty. This can be a huge burden on you. According to the Income Tax Act Section 43A, if you sell a property at a price lower than the ready reckoner rate, you and the buyer will have to pay a penalty of 35% of the difference between the market price and the ready reckoner rate.

How and where to find them ready reckoner rates?

When you’re buying a property, it’s important to know its current value. You can check the government websites to find out the value of any area or locality. The government updates this value from time to time to keep it in line with the market value.

What importance do ready reckoner rates have for homebuyers?

When you want to buy a property, it’s important to know the standard real estate rate in that area. This helps you understand how much you might need to pay for the property. The Ready Reckoner Rate (RRR) is a benchmark rate that helps you compare the market rate with the standard rate. If the gap between the RRR and the market rate is less, it’s a good idea to buy the property. This will help you get more profit when you sell the property later, as the market rate will increase when the RRR increases. It will also help you get a better home loan, if there is a small gap between the rates.

What is the problematic area of RRR?

Sometimes, buyers and sellers secretly agree to register a property at a much lower value than the market rate. This is known as a “black money” transaction, because it involves paying in cash and avoiding taxes. Although this may seem like a good deal for both parties, it harms the government’s ability to collect revenue and contributes to a larger issue of illegal financial activity. To prevent this, governments periodically adjust the ready reckoner rate, which is used to calculate taxes and fees on property transactions, based on the current market value. 

What change in RRR can give a boost to the market?

Many people believe that lowering the ready reckoner rate could help the struggling real estate industry. This is important because the real estate industry plays a big role in supporting other sectors of the economy. If the rate is lowered, it could encourage more people to buy and sell real estate properties, whether they are residential or commercial.

Factors Driving Ready Reckoner Rates 

The ready reckoner rates in the market are driven by–

  • Property’s location,
  • Property life, 
  • Property type (commercial, residential, or plot), 
  • Availability of amenities.

Ready Reckoner Rates Vs Market Rates

The government sets rates for properties called the “ready reckoner rates”. These rates are based on the lowest price a property was sold for in the past. They are used as a starting point for all future sale or purchase transactions of that property. 

There are also “market rates”, which are the actual prices that buyers and sellers negotiate for a property. These rates can be higher or lower than the ready reckoner rates, depending on things like location and amenities in the area.

Conclusion 

Understanding the Ready Reckoner Rate is crucial for both buyers and sellers in the real estate market. It serves as a benchmark that influences stamp duty, registration fees, and taxes, ensuring a fair and transparent transaction process. The example illustrated the impact of property value on stamp duty calculations, emphasizing the significance of this rate in determining the financial aspects of a real estate deal.

Bringing Harmony Home: Guide to Aquarium Vastu

By
Bhanu Sahu
-

Did you know that according to Vastu Shastra, placing an aquarium in the right direction and filling it with the correct colors of fish can bring prosperity and happiness to your home? That’s right! If you want to improve the positive energy in your house, then you should definitely know about aquarium Vastu.

In fact, having an aquarium in compliance with Vastu Shastra can contribute to peace and prosperity in your home. And, not just that! The beautiful living creatures swimming in the aquarium are believed to protect the house occupants from negative influences. So, why not give it a try and see the difference for yourself?

Benefits of keeping fish aquarium

Having a fish aquarium has several benefits:

  • They can bring positive energy into your home and protect you from negative influences. 
  • They can also help you relax and feel more refreshed, reducing your stress levels.
  • They are believed to bring wealth and prosperity to your home, and can even bring good luck and happiness. 

If you want to improve your home environment and your own well-being, a fish aquarium can be a great addition.

The Symbolic Significance of A Fish Aquarium

Let’s talk about the Fish Aquarium Vastu and why it’s important. The water and fishes in the aquarium are more than just decoration. The water is like the symbol of life and if it’s moving, it can bring positive energy to your life. The fishes swimming in the aquarium can also bring good vibes and attract happiness, health and wealth to your family.

Where to keep the aquarium as per Vastu?

According to Aquarium Vastu principles, the north-eastern direction is the best place to put your aquarium. But don’t worry if you can’t manage that, the north or east will also work. And if you’re looking to maintain love and comfort in a relationship, placing the aquarium towards the left of the main entrance is said to be helpful. Plus, adding bright flowers in the aquarium can bring more positive vibes to your home. However, it’s best to avoid keeping an aquarium within the kitchen. Now, isn’t that fascinating?

Vastu tips for aquarium

According to Vastu, aquariums can bring good luck and prosperity to your home. But, did you know that there are certain tips that you should follow to ensure that your aquarium is in line with Vastu principles? Here are some tips that you should consider:

  • Change the water frequently to avoid stagnant and unclean water, which can be bad for your financial and mental health.
  • Keep an eye on the moss growth in the aquarium. It’s best to avoid it.
  • According to Vastu, having an odd number of fishes in the aquarium is auspicious, with nine being the magic number. Ideally, you should have eight goldfish and one blackfish.
  • Never position your aquarium in the southern direction.
  • Dragon and golden fishes are considered auspicious for homes.
  • Ensure that your fishes remain healthy and well-nourished.

What type of fish to keep in the aquarium?

You can opt for the following varieties:

  • Goldfish
  • Butterfly Koi
  • Dragonfish or Arowana
  • Guppy fish
  • Flowerhorn fish
  • Angelfish
  • Cory Catfish
  • Blackmoor

Fish colours as per Vastu

Fish colors matter a lot when it comes to bringing good fortune and prosperity. Light-colored fish like white or golden are associated with the metal element that attracts wealth and good luck. On the other hand, black, blue or grey fish represent water elements that also help attract abundance.  

For best results, you can keep dark-colored fish like black along with goldfish. However, the number of goldfish should be more than the black fish, like two goldfish and one black fish or eight goldfish and one black fish. It’s important to have at least one black fish as it helps soak up negativity. In an ideal scenario, you should have eight golden or red fishes, along with a single blackfish.

Suitable Shape of the Aquarium 

Fish tanks come in all sorts of shapes and sizes. L-shaped, round, cuboid, hexagon, rectangle, triangle, and bow front tanks can be found. L-shaped ones are great for corners, while bow-front ones have a curvy front. But if you’re considering getting a tank for your home, go for a round or rectangular one. Triangular ones can be tricky to keep clean. So, above all else, choose a tank that’s easy to clean!

Bottom line 

Incorporating an aquarium into your home following the principles of Vastu Shastra can bring a multitude of benefits. Beyond the aesthetic appeal, a well-placed aquarium with the right fish and colors is believed to usher in positive energy, protect against negativity, and contribute to the overall prosperity and happiness of your household. The symbolic significance of water and swimming fish in the aquarium adds a deeper layer to its influence on life and well-being.

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