Embracing Sustainability in Real Estate: Shaping a Greener Future

Feature

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June 5, 2023

In a world grappling with the impending climate crisis, the term “sustainability” often loses its true essence despite being widely discussed and shared online. However, the urgency of climate change calls for immediate action. On this World Environment Day, it is crucial to rally together and prioritize sustainable practices to halt and reverse the damage inflicted upon our ecosystem.

This year’s World Environment Day urges us to reimagine our relationship with the environment, recreate sustainable practices, and restore the balance within nature. We recognize the significance of environmental sustainability in the real estate sector and aim to generate awareness regarding its importance.

Real Estate’s Environmental Impact: The real estate sector, known for its substantial resource consumption and contribution to global climate change, must make sustainability an integral part of its business plans. With natural resources being exploited beyond their regenerative capacity, the pressing need to construct sustainable housing has become undeniable. To address the demand for housing and combat climate change, it is essential for real estate developers and homeowners to pledge their commitment to green housing on this World Environment Day.

The Importance of Sustainable Properties: The ongoing COVID-19 pandemic has underscored the necessity for sustainable properties that prioritize sustainable construction and design. Lockdowns and remote work arrangements have made us realize the dire need for green homes. By embracing sustainable design, construction, and operations, we can significantly reduce carbon emissions, conserve water, and mitigate our exposure to toxins.

Homebuyers Driving Sustainable Living: Driven by a growing awareness and a shift in mindset, environmentally conscious millennials are increasingly demanding green homes. Homebuyers now seek projects equipped with solar panels, green surroundings, rainwater harvesting systems, and effective waste management. While this trend is encouraging, it is essential to extend it to affordable residential housing by making these projects more cost-effective.

Actionable Measures for Realty Developers: To combat the challenges posed by climate change, real estate developers must adopt sustainable practices and minimize their impact on the environment by consuming fewer resources. This includes supporting initiatives to reduce CO2 emissions, utilizing cutting-edge technologies to minimize energy consumption and waste, and integrating energy-efficient features such as rooftop solar panels, LED lighting, and improved insulation.

Government Initiatives and Tax Incentives: Governments at various levels are also taking steps to promote green agendas and sustainable practices in the real estate sector. Local governments are offering tax incentives to incentivize developers to construct more environmentally friendly buildings and houses. These initiatives foster collaboration between the public and private sectors to address the climate crisis collectively.

Zero-Energy Buildings: A Sustainable Future: Zero-energy buildings, which consume only as much energy as they generate from renewable sources, hold immense potential for the real estate sector. Indian developers should focus on constructing zero-energy buildings as they help preserve energy resources, mitigate environmental deterioration, and reduce greenhouse gas emissions. Utilizing solar panels, heat pumps, high-efficiency windows, and insulation are among the effective measures to achieve this goal.

Adopting Green Building Materials and Water Conservation: Builders should prioritize the use of green materials such as fly ash bricks, highly recyclable building materials, high-reflectance terrace tiles, and renewable bamboo jute composites for door frames. To address the water crisis, developers should implement rainwater harvesting systems, employ low-discharge water fixtures, use curing compounds during construction, adopt geothermal cooling techniques, and recycle wastewater through sewage treatment plants.

A Pledge for a Sustainable Future: On this World Environment Day, let us take a firm pledge to protect mother nature by reducing our carbon footprints and embracing renewable resources. Our actions today will shape the world of tomorrow, and it is our moral duty to fight the battle against climate change. We wish you a Happy World Environment Day! Together, let us embark on a transformative journey toward a sustainable future.

Importance of Individual Contributions: While real estate developers play a pivotal role in promoting sustainability, individual actions also have a significant impact. As responsible citizens, we must strive to make sustainable choices in our daily lives. Simple actions like conserving energy, reducing water consumption, practicing waste segregation, and opting for eco-friendly transportation can contribute to a greener environment.

Educating the masses: Creating awareness about sustainability in the real estate sector is crucial. Educational campaigns, workshops, and community outreach programs can enlighten people about the benefits of green housing and inspire them to make environmentally conscious choices. By fostering a culture of sustainability, we can ensure a brighter future for generations to come.

Collaboration for a Greener Tomorrow: Achieving sustainability goals requires collaboration between stakeholders across the real estate industry. Collaboration between developers, architects, engineers, and policymakers can drive innovation, promote sustainable practices, and create a collective vision for a greener future. By sharing best practices, knowledge, and resources, we can accelerate the transition toward sustainable real estate.

Investment in Research and Development: To make substantial progress in sustainable real estate, investment in research and development is vital. Embracing new technologies, materials, and construction techniques can lead to more energy-efficient and environmentally friendly buildings. Governments, institutions, and private entities should allocate resources to support research that advances sustainable practices in the real estate sector.

Building Resilient Communities: Sustainability goes beyond just constructing green buildings. It involves building resilient communities that prioritize social, economic, and environmental well-being. Designing sustainable neighborhoods with green spaces, promoting public transportation, and incorporating community facilities can enhance the quality of life while minimizing the ecological footprint.

A Call to Action: As we celebrate World Environment Day, let us remember that sustainability is not an option; it is an imperative. Each one of us has a role to play in preserving our planet and securing a sustainable future. By embracing sustainability in the real estate sector, we can create a positive impact on the environment, enhance the quality of life, and leave a legacy for future generations.

Bottom Line

Sustainability in the real estate sector is not just a buzzword; it is a necessity. By reimagining our approach, recreating sustainable practices, and restoring the balance within nature, we can shape a greener future. Let us pledge to make sustainability an integral part of our lives and work towards a world where real estate and the environment coexist harmoniously. Happy World Environment Day!

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Elevate Your Living Space: Design Ideas for a Stylish Living Room with Stairs

Decor

By

Bhanu Sahu

-

June 5, 2023

In modern homes, a living room with stairs is a distinctive and stylish design. By fusing functionality and aesthetics, it creates a room that is pleasing to the eye and makes it easy to access the different levels of the house.

This form of living room arrangement is particularly well-liked in homes with limited floor area because it makes excellent use of vertical space. Several living room with stairs design concepts are covered in this blog post.

Ideas for a Living Room with Stairs

When your living room has stairs, there are numerous creative storage choices accessible. Here are some ideas for making the most of the space under your stairs.

Under stair fridge

To make the most of your kitchen space, think about installing a small refrigerator under the stairs in your living room. This is an excellent method to keep refreshments close at hand while entertaining guests, and makes room in your kitchen for other requirements.

Make storage space under stairs

Under the stairs, a chic and practical storage can be built. Build a storage solution that is especially suited to your needs by installing cabinets, drawers, and shelves. Everything from shoes and coats to cleaning supplies and recreational equipment can be kept in this space.

Utilize the area for television

The space beneath the stairs is where you can mount your television. If you want to conserve space in your living room but just have a small space, this works really well. Add some throw pillows and a nice couch or chairs to create a cosy viewing area.

Try installing an aquarium under the staircase

Another way to utilize the area beneath your steps is to install an aquarium. This particular element could provide color and liveliness to your living area. There are several aquarium sizes and varieties to choose from, depending on your preferences in design.

Utilize the space and adore it using picture frame

By displaying your favorite photographs, works of art, and other adornments, you may make a gallery wall beneath the steps. Use picture frames symmetrically or asymmetrically for a contemporary or eclectic look.

Build a wine rack under the stair

If you like wine, installing a wine rack there can be the best option for you. For a stylish and practical addition to your living space, choose from a variety of styles and sizes to fit your collection. Even some wine glasses and other accoutrements are an option.

Decorate staircase by displaying objects

The steps in your living room themselves could be used as decor. Employ showpieces like artwork, sculptures, or lovely plants to give the steps or landing more texture and visual interest. To make the steps feel cozy and elegant, add a runner or carpet.

Shoe storage under the stairs

Make a shoe storage area under the stairs if you’re tired of tripping over shoes. To store shoes and other footwear, install shelves, cubbies, or drawers. To make putting your shoes on and taking them off easier, add hooks or a small seat.

Try creating a library beneath the stairs

If you’re an avid reader, the space under the stairs can be transformed into a cozy library. Include bookshelves, a plush chair, and artistic lighting to create a reading corner. It is possible to include a small table or desk for a workspace or for displaying decorations.

Mudroom under the stairs

To store coats, hats, and other outdoor accessories, the space under the stairs can also be used as a mudroom. Add hooks, shelves, and cabinets to keep items organized and within reach. A bench or seating area might be added to make it easier to put on and take off shoes.

Bonus tips

Creating living rooms with stairs may be challenging, but with a little creativity, you can make the most of the space and create a chic and useful layout. You can find some design ideas here.

Furniture placement to utilize available space

One of the main challenges in planning a living room with stairs is making sure there is enough space for furnishings and that the layout is functional. While placing furniture, it’s also essential to take the room’s flow and how people will move about into account.

Creating living rooms with stairs may be challenging, but with a little creativity, you can make the most of the space and create a chic and useful layout. You can find some design ideas here.

Place the heaviest pieces of furniture, such as the sofa, against a wall to create an anchor point. After that, arrange chairs or other seating alternatives in a conversation area across the room.

If your space is limited, think about buying furniture with many purposes, such as an ottoman that can be used as extra seating or a coffee table that doubles as storage.

Making Advantage of Tucked away Places

Another issue with designing a living room with stairs is dealing with uneasy crevices and corners. Nonetheless, these spaces can be made into appealing and practical elements.

To create a cozy reading nook, for instance, you might place a chair and a small table in a corner. You could also install shelves or an integrated bookcase to create more space for storage and display. A corner can also be used as a small office or desk.

Choose furniture that complements the architecture overall and the stairs

It’s important to consider both the overall design of the space and how the furniture will fit with the stairs when choosing furniture for a living room that has stairs.

If the stairs are constructed of wood, for example, think about using furniture with similar wood tones or materials to create a cohesive design. To tie everything together, you may also add decorative touches like a rug or a piece of art.

Consider the viewpoints

It’s important to take the view into account while designing the layout of your living area. Set up seats or a chaise lounge adjacent to a window, for example, so that visitors can enjoy the view. For a better perspective and more natural light, you can also add window coverings like sheer curtains or blinds.

Identify Zones

A large living room can be divided into different areas to feel cozier and more productive. A reading nook in a corner, a seating area next to the TV or fireplace, and a desk next to the stairs are a few examples of areas you may designate. To separate each area and give it a distinctive feel, use carpeting, lighting, and furniture placement.

Color and texture ideas for staircase in living room

The right color and texture choices can have a big effect on the overall feel and design of a living room with stairs. Take into account the following ideas for texture and color.

Light and neutral colors

If your living room with stairs is on the smaller side, using light, neutral colors may make it appear bigger and more spacious. Light colors can make a room appear brighter in addition to reflecting more natural light. Consider using white, cream, beige, or light grey paint on the walls. Finally, add color to the room with decorative things like pillows, carpets, and artwork.

Dark colors

On the other hand, a huge living room with high ceilings might feel cozy and private by using dark, somber colors. Dark colors can provide depth and drama to the space, such as navy, emerald green, or charcoal grey. Think about using these colors as an accent wall or in furniture like sofas or chairs.

Texture

Your living area may gain texture via texturing stairs, which also give depth and visual intrigue. Think about utilizing different textures in your furniture, such as a velvet couch or a leather chair. Some options to create texture are a shag rug, braided throw blankets, or textured wallpaper. Texture can also be created by decorative items like pillows, draperies, and artwork.

Accent colors

You might use accent colors to match the living room and staircase. If the stairs have a specific color, think about using them in the living room. Using the same color as an accent wall or in accessories like cushions or drapes is an option. To add visual interest and contrast, think about using complementary colors from the color wheel. For instance, if the stairs are warm wood, use cool blue or green accents in the living room.

Modern homes are increasingly featuring this stylish and useful design element: a living room with stairs. It offers a distinctive and beautiful room that efficiently utilizes vertical space for homes with limited floor space.

Whether it is a simple arrangement with a single set of steps or a more complex structure with several levels and platforms, a living room with stairs can serve as the focal point of the house and create an inviting atmosphere perfect for entertaining guests and spending time with family.

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A comprehensive overview of PF withdrawal laws in India for hassle-free home buying

Tips

By

Bhanu Sahu

-

June 2, 2023

It is common knowledge that a down payment and other lump sum payments are necessary for the purchase of a home. Even though many homebuyers depend on Provident Funds (PF) for their retirement, they are sometimes unaware of the requirements to use PF to purchase a home. For a hassle-free home purchase, we have outlined the complete procedure, including the PF withdrawal laws in India.

For salaried professionals, the government manages the Provident Fund (PF), which is a mandatory retirement savings program. It is handled by the Indian Ministry of Labour and Employment’s Employees Provident Fund Organization (EPFO). Specifically, PF is a monthly program in which both the employee and the employer make equal contributions to the PF account (12 percent of the basic income plus Dearness Allowance) (DA).

The Employee Provident Fund (EPF) scheme’s objective is to give employees a lump sum payment when they retire. But, under certain terms and conditions, employees may also withdraw the money prior to their professional retirement. An employee might use PF withdrawals to build a house, acquire land, or acquire other types of property. To withdraw PF for a property, a homebuyer must, however, meet a number of requirements.

What are the requirements for a PF withdrawal in 2023 for a property purchase?

The PF balance can only be withdrawn by salaried professionals after five years of service, according to Amit Goenka, managing director of Nisus Financial. The withdrawal cap is additionally determined by the purchase’s intended use. For instance, if an employee wants to buy land, they can withdraw either the amount needed for the plot or the lesser of 24 months’ basic pay plus Dearness Allowance (DA). As opposed to this, the amount withdrawn for purchasing or building a home will be equal to the lesser of 36 months of basic income plus DA, the actual cost of the property, or the amount necessary for construction.

The amount withdrawn for a home purchase or building a house can be up to 90% of the PF balance, according to the recently introduced para-68BD in the EPF Plan, 1952. Home loan EMIs may also be paid with the PF withdrawal.

Condition for withdrawing PF to buy a house in 2023

If you withdraw your PF five years before opening the account, it is subject to taxation as “Income from Other Sources” if you do so. The amount withdrawn will be subject to a 10% Tax Deducted at Source (TDS) fee.
Except for your spouse, the PF amount cannot be used to jointly acquire a property.
Only new properties may be purchased with PF funds. It cannot be utilized to purchase a home on the secondary market.
90 percent of your PF can only be withdrawn once you are 54.
If you switch jobs, you are not required to withdraw your PF because you can keep using the same account while working for the same employer.
You can obtain a loan on your PF, but only up to a certain amount.
A person may take 75% of their PF balance after a month of unemployment or quitting their job, and the remaining 25% the following month.

Also, if PF money is taken out to build or renovate a home, the development work must start within six months and end within a year of the final PF installment being taken out. When buying a house, the transaction must be completed within six months of the money being withdrawn. The PF amount may be withdrawn in one or more installments at the employee’s discretion.

What are the documents required for a PF withdrawal?

The following documentation must be provided by EPF members in order to make a PF withdrawal:

Forms like Form 19, Form 10C, Form 10D, and Form 31
a pair of revenue stamps
current bank statement photo identification evidence
A canceled cheque from the bank account where you are the only account holder as proof of address, such as an Aadhar card (The cheque must contain IFSC code and account number)

How do I withdraw PF to buy a house?

Buyers who wish to withdraw their PF funds in order to purchase a home must do the following steps:

Section 68BC of the EPF Scheme permits buyers who are part of a cooperative housing society or registered housing society (with at least 10 members) to withdraw the EPF sum.
Non-member salaried staff may also withdraw cash for personal use to purchase the property.
The commissioner’s certificate of PF contributions and composite claim forms must be submitted by potential buyers. A letter of authorization for paying Equated Monthly Instalments (EMI) from PF in the case of a home loan.
Visit the official EPFO website and attach your Aadhaar number and UAN number for online PF withdrawal.
Complete the PF withdrawal form and attach any supporting paperwork and bank account information.
The cash will be credited to the associated bank account in 15 days after careful review and consideration of eligibility.

Online withdrawal of Provident Funds using the New Form

Use the official UAN portal to update your Aadhaar number. Link the employer’s authentication of the Aadhaar to the UAN.
Visit the EPF member portal and complete the online withdrawal form.
Mention your bank account in accordance with your EPF account.
Once the form is submitted and properly filled out, it will take 15 days for the money to be credited to your bank account.

Online withdrawal of Provident Fund using an Old Form

Get Form 19 by visiting the EPFO website. Also, your former employer may provide you with this.
Provide the IFSC code and any necessary information, such as the PF account number, employment information, and bank account information.
Provide a bank account’s canceled cheque as proof of your account.
Send the properly completed form with your employer.
The form will be attested by your employer and sent to the regional PF office for processing.
Your bank account will immediately receive credit for the amount you withdrew.

Note: Compared to using the online process, this approach might take longer. Also, you may quickly track the application process using the online PF facility.

How to withdraw PF for a home loan in 2023?

The PF balance may also be used to pay off a mortgage in accordance with the PF withdrawal regulations. Members and their spouses may withdraw their PF balances to pay off their outstanding loans under Section 68-BB of the EPF plan. Nevertheless, these withdrawals are only permitted for the equivalent of 36 months’ worth of basic pay and dearness allowances (DA). Employees who have served 10 years are likewise eligible for this choice.

In this situation, it is essential that the mortgages be obtained from licensed lenders, such as the state government, any public financial institutions, a non-bank housing financing firm, state housing boards, or municipal corporations.

How to withdraw PF balance for home renovation?

The employee is permitted to withdraw money from his EPF account for the purpose of renovating and rebuilding his home.
The home must be owned solely by him or her, or jointly with a spouse.
The employee must serve for at least five years.
The member’s withdrawal limit is 12 times his monthly basic wage and DA.

How to withdraw PF for home construction?

Employees must adhere to these procedures for home construction through PF withdrawal:

Although an employee can get up to 90% of their EPF contribution, they must have worked for at least five years before they can do so.
The amount will be taxed at a 10 percent Tax Deducted at Source (TDS) if PF is taken before the completion of five years
This PF withdrawal can be used for joint purchases with a spouse, whether the owner is an EPFO member, their spouse, or both.
Such withdrawal can be made in installments, and the home building must start within six months of the first installment and twelve months of the last installment

Early PF withdrawal in 2023: Tax implications

“If an account holder withdraws the PF money in a lump sum, the same will be exempt under Section 10(12) of the Income Tax Act, 1961, provided the employee has completed five years of service,” says Pramod Kathuria, CEO of Easiloan. Any sum beyond Rs 2.5 lakh in interest on EPF will be taxable as “income from other sources” and be subject to tax. If only the employee and not the employer contribute to the PF, the barrier will rise to Rs. 5 lakh.

Also, Kathuria advises that rather than depleting the corpus by taking a larger sum out of the PF, it would be prudent to merely fund the down payment on a new property or remove a little amount from it. Also, if you are over 45, you should steer clear of PF withdrawals because you should be concentrating on building up your retirement funds during your last 15 years of employment.

Finally, if you decide to proceed with the withdrawal, make sure that you receive ancillary benefits like tax exemption (if you have held a PF account for more than five years) and select a property that has the potential to grow faster than your PF amount.

Is it a good idea to withdraw PF amount to purchase a house?

It might be conceivable to withdraw PF funds in order to buy a home, but experts advise against it. It is recommended to use this fund solely for its primary objective, which is to provide some cushion during retirement. If you continue to make contributions to this corpus and do not take any cash out during the interim time, compounding will work in your favor during your working years. As a result, you will have a sizable corpus that many salaried people might find challenging to accumulate.

Can you use your entire PF balance to buy a home?

When it comes to withdrawing PF money for a property purchase, the EPF program has several limitations. An employee may withdraw either 24 months of basic pay plus DA or the actual cost of the plot, whichever is lower, for the purchase of land. The employee may withdraw 36 months of base pay plus DA, the actual cost of the property, or the necessary funds for development in order to purchase or construct a concrete structure.

Homebuyers should be aware of the terms, circumstances, and ramifications of the procedure before choosing it, even though PF could seem like one of the finest options to obtain cash for a home purchase.

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Bollywood Celebrities’ Luxurious Real Estate Investments Defy COVID-19 Challenges

Lifestyle

By

Bhanu Sahu

-

June 1, 2023

For decades, Bollywood superstars have preferred real estate as a form of investment. These powerful people wisely put their money into real estate, from sea-facing luxury bungalows to spectacular multi-story penthouses, to benefit from the constant increase in property values. Here’s a look at some of the recent multi-million dollar celebrity home sales that have been documented.

Despite COVID making the last two years the most difficult, Bollywood celebs have increased their spending on expensive real estate. Actors like Ranveer Singh, Hrithik Roshan, Shahid Kapoor, Ajay Devgn, and Janhvi Kapoor are among the top competitors for the most expensive home purchases in India over the past five years, with property values ranging from roughly Rs 40 crore to approximately Rs 120 crore. These celebrities have done all possible to have a home that genuinely stands out, from magnificent homes to architectural wonders. The reasons behind these homes’ excessive pricing and the rising trend of celebrity real estate investing are listed below.

Owner of Sushil Enterprises, Sushil Dabrai “Buying such opulent homes has always been a popular habit in India, especially in Mumbai. But, during the epidemic, it accelerated since a home office was now absolutely necessary. Celebrities made purchases because they wanted a portion of their home office. They desired a better, more sustainable workplace environment, which required additional room, rather than simply duplicating the current one. Even many from the upper middle class feel influenced by their homes. As a result, 3 and 4 BHK apartments with carpet areas of 1,000 to 2,000 square feet have been selling like hotcakes. They range in price from Rs 3.5 crore to Rs 8 crore, with a price per square foot of between Rs 40,000 and Rs 60,000. All of the celebrity residences cost more than Rs 60,000 per square foot.

India’s most expensive celebrity homes

Couple Deepika Padukone-Ranveer Singh

Ranveer Singh and Deepika Padukone, a Bollywood power couple, recently bought a sea-view quadruplex property in Mumbai’s Sagar Resham Co-Operative Housing Society. The extravagant home, which is located next to superstar Salman Khan’s flat and Mannat’s in Galaxy, costs a whopping Rs 119 crore. The opulent building spans four levels, from 16 to 19 stories, and is around 11,266 square feet in size. It also has a 1,300 sq ft private terrace and 19 parking spaces. Around Rs 7 crore in stamp duty was paid for the property. According to reports, premium properties in Juhu and Bandra’s top locations may be purchased for between Rs 50,000 and Rs 90,000 per square foot.

The pair has previously invested in a four-bedroom flat in Prabhadevi, South Bombay, valued at Rs 20 crore, and a lavish villa in Satirje, Alibaug, valued at Rs 22 crore.

Khan, Shah Rukh

Mannat, the residence of Bollywood’s King Khan, requires no introduction. At Bandra, Mumbai, Shah Rukh Khan’s home, “Mannat,” has a view of the Arabian Sea. The opulent bungalow has many bedrooms, a library, a gym, a private auditorium, and other amenities. It is 27,000 square feet in size. Thousands of tourists congregate outside the cottage every day to take selfies and meet celebrities, making it a popular tourist destination.

The Mannat home was created in partnership between Kaif Faquih and Gauri Khan, Shah Rukh Khan’s wife and a well-known interior designer. Two living rooms in the six-story estate are furnished with M.F. Husain paintings and antiques. Elevators provide excellent connectivity throughout. A private bar, entertainment areas, and a kids’ playroom are all located on the floor of the house that is devoted to entertainment. Due to its neo-classical architecture, it consistently ranks among the most costly celebrity homes in India, with an estimated cost of Rs 200 crore.

Hrithik Roshan

Hrithik Roshan, known as the ‘Greek God of Bollywood’, spent Rs 97.5 crore and about Rs 2 crore in stamp duty in October 2020 to buy an apartment and a penthouse with a panoramic view of the Arabian Sea on the Juhu-Versova Link Road in Mumbai. At Andheri West’s Mannat Apartments, the building’s three stories contain the 38,000 square foot property. According to sources, the property’s 15th and 16th floors are a duplex with more than 27,500 square feet and a value of Rs 67.5 crore. The actor also paid Rs 30 crore for a second property on the 14th floor, measuring more than 11,000 square feet. There are 10 parking spaces available at the property, as well as a 6,500-square-foot patio.

In addition to this, the Roshans also possess opulent homes in Juhu, a Paras bungalow, and a five- to seven-acre farm in Lonavala.

Shahid Kapoor-Mira Kapoor

In June 2018, Bollywood star Shahid Kapoor made a lavish flat purchase on the 42nd and 43rd floors of the Tower B of the opulent Three Sixty West in Worli, Mumbai, which is just across from the Bandra-Worli Sea Link. The actor spent close to Rs 56 crore on the house, plus the State received around Rs 3 crore in stamp duty. Almost 8,600 square feet of space have been developed by Oasis Realty, a partnership between Oberoi Realty and Sahana Development Company. It consists of two blocks, one of which is inhabited by individual houses and the other by the Ritz-Carlton Hotel, a partner in hospitality. The actor also has another seafront home, valued Rs 30 crore, in the Praneta Building on Juhu Tara Road.

Janhvi Kapoor

Janhvi Kapoor, a fresh face in Bollywood, paid Rs 39 crore for an opulent flat that spans three stories, from the 14th to the 16th, in Juhu Vile Parle Development (JVDP) Project in Juhu, Mumbai. The actress will be neighbours with luminaries from the industry including Amitabh Bachchan, Ajay Devgn, and her uncle Anil Kapoor. The triplex building is more than 4,000 square feet in size and has six private parking spaces. Previously, the actress spent the majority of her formative years in the Lokhandwala home of her parents.

The actor signed the contract in December 2020, paying 78 lakh rupees in stamp duty for the flat and taking out a 23 crore rupee home loan. The reduction in stamp duty from 5% to 2% from September 2020 to March 2021, according to Dabrai, “combined with historically low loan rates, encouraged homebuyers from all walks of life to conclude the purchases.”

Ajay Devgan

Ajay Devgn has one of the most costly celebrity mansions in India.

Ajay Devgn, another star on the list, purchased a second residence in the same neighborhood as his bungalow, Shiv Shakti, in Juhu’s Kapole Co-Operative Housing Society. Devgn paid Rs 60 crore for the property and Rs 2.37 crore in stamp duty in December 2020. According to reports, a house loan of almost Rs 19 crore was used to purchase the property, which measures over 6,500 square feet.

Now valued at around Rs 30 crore, the actor’s principal mansion is well-known among visitors to the city who come to see the homes of famous people.

Mumbai’s real estate market is diverse since it serves a variety of homebuyers. In the wake of the consistently increasing real estate demand and capital returns, additional celebrities, including Alia Bhatt, Amitabh Bachchan, Arjun Kapoor, and Rashmika Mandanna, to name a few, signed multi-crore deals in the posh micro-markets of Mumbai and Goa. These actors made some of the most jaw-dropping real estate investments.

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Shop-cum-Offices (SCOs): The Perfect Blend of Retail and Office Space

Feature

By

Bhanu Sahu

-

June 1, 2023

Shop-cum-offices (SCOs) are commercial buildings that combine office and retail space into a single structure. SCOs offer a flexible and adaptable area for many types of organizations because they are made to support companies that need a mix of retail and office capabilities. Continue reading to learn more about this class of business property!

SCOs frequently have a ground floor space devoted to retail, enabling firms to interact with customers and showcase their goods or services. Storefronts, showrooms, or spaces for customer service are frequently placed in this section. Office spaces are located on the upper floors of the SCO building, offering a separate place for administrative work, meetings, and other office-related activities.

Businesses looking for a balance between office functionality and retail visibility will benefit from the SCOs idea. This includes companies like startups, small retail outlets, service-based enterprises, consulting firms, and professional offices that need office space for both internal operations and client contacts.

Factors to consider before choosing the shop-cum-office option

A shop-cum-office (SCO) property investment can be a profitable prospect, but you should think about a number of essential criteria before you commit. The following points should be remembered:

Location: The SCO property’s location is essential to its success. Select areas with a lot of foot traffic, are easily accessible and are close to business areas, neighborhoods, transportation hubs, and other attractions. The likelihood of rental revenue or property appreciation can increase when a superior location attracts more clients and companies.

Market demand: Evaluate the local market’s appetite for SCO properties. Think about the possibilities for rental or resale demand, target tenants or buyers, and the regional business environment. To make sure that the SCO property is in line with market trends and has a promising future, analyze supply and demand dynamics.

Property condition and building quality: Take a close look at the SCO property’s condition and quality of construction. Do a thorough check to find any potential structural problems, upkeep needs, or required repairs. To guarantee that the investment stays financially sustainable, take the cost of repairs or improvements into account.

Legal and regulatory compliance: Understand the local SCO properties’ regulatory and legal framework. Ascertain that the property possesses all relevant licenses, permits, and certifications for commercial use. Examine zoning rules, construction requirements, and any restrictions that might affect how the land is used or its potential for future development.

Potential for rental income: If you intend to rent out the SCO property, consider what kind of rental income it could be able to produce. Look into the rental costs for nearby properties that are similar to yours and the need for commercial space among local firms. To guarantee a consistent source of rental income, evaluate potential tenants’ stability and creditworthiness.

Maintenance and management: Take into account the SCO property’s ongoing maintenance and management obligations. Think about whether you want to handle property management yourself or contract with a professional organization. Calculate the associated expenditures, including any shared expenses with other tenants or owners as well as repairs, maintenance fees, utilities, and insurance.

Money-related factors: Analyze the investment’s viability from a financial standpoint. Determine the upfront cost of the purchase, prospective rental revenue, ongoing costs, available financing alternatives, and the anticipated return on investment. Think about the possible hazards, market alterations, and the amount of time it might take to generate the desired profits.

Exit plan: Have a well-defined exit plan in mind. Think on the SCO property’s potential for capital growth and resale value. If you decide to sell the investment in the future, consider the market circumstances, potential purchasers, and the time it might take to sell the property.

How to choose between a short-term and long-term investment in SCO?

There are various considerations when choosing between short-term and long-term investments in shop-cum-office (SCO) assets. To assist you in making a wise choice, take into account the following:

Determine your investment objectives and timeframe: Are you looking for short-term gains or long-term capital gains? While long-term investments seek sustained growth and potentially better returns, short-term investments often concentrate on producing rapid income.

Market analysis: To comprehend the dynamics of supply and demand for SCO properties in a particular place, conduct a complete market analysis. Consider elements including vacancy rates, market trends, and economic indicators, as well as the demand for rentals. You can use this study to determine whether both short-term and long-term investing strategies are viable.

Potential for rental revenue: identify the SCO property’s prospective rental income. Take into account elements including rent prices, tenant demand, lease stipulations, and market conditions. Short-term investments could entail flexible leasing of the property to accommodate companies looking for pop-up or temporary locations. Long-term investments emphasize finding dependable tenants with long lease agreements who will generate steady rental income.

Considerations for cash flow: Assess your cash flow needs and risk tolerance. Due to their faster turnover and shorter lease durations, short-term investments may generate more immediate cash flow. Although long-term investments may take longer to provide significant cash flow, they can offer the possibility of appreciation and steady rental income over time.

SCO property management: Determine your readiness and capacity to do so. Property upkeep and tenant turnover may be more frequent with short-term investments. The management of tenants and property maintenance for long-term investments frequently calls for a more active approach.

Economic considerations: Keep in mind the state of the economy and the interest rate environment. While long-term investments offer the chance to ride out market cycles and profit from prospective market upswings, short-term investments may be more susceptible to economic volatility.

Exit plan: Make your exit strategy and the timeline you want to use to sell the SCO property. Investments made over the short term offer greater flexibility and swift exit strategies. Long-term investments entail keeping the asset for a considerable amount of time in order to potentially reap the rewards of capital growth and steady rental income.

Risk reduction: Examine the dangers involved in both short- and long-term investments. Investments made in the short term may be more vulnerable to alterations in the market, tenant churn, and economic concerns. While providing stability, long-term investments can also come with longer-term obligations, possible dangers related to property maintenance, and market changes.

Ultimately, your specific investment objectives, financial status, market conditions, and risk tolerance will determine whether you should make short-term or long-term investments in SCO properties. It is recommended to speak with real estate experts, financial consultants, and legal professionals who can offer personalized advice for your particular situation and goals.

How to avoid getting into legal trouble

To protect your investment and reduce potential hazards, it is essential to take legal precautions before purchasing shop-cum-office (SCO) buildings. You can take the following actions to assure legal protection:

Employ legal advice: Look for advice from seasoned real estate attorneys or attorneys with expertise in dealing with commercial real estate transactions. They can help you navigate the legal system, evaluate contracts, perform due diligence, and guarantee adherence to all pertinent rules and laws.

Conduct due diligence: Before committing to any investments, do extensive research on the SCO property. This includes looking into real estate paperwork, title deeds, liens, land use permits, zoning laws, and building permits. Check the property’s ownership and legal standing, and evaluate any potential legal issues or obligations that may be connected to it.

Check zoning and land use restrictions: Verify that the SCO property complies with local zoning laws and is legitimately allowed for commercial use. Examine the master plan, the building codes, and any particular requirements or limitations set by the local government. Zoning laws must be followed in order to avoid legal problems and restrictions on the use of the land.

Examine leasing agreements: Carefully review the current lease agreements if the SCO property is already leased. Identify the requirements for tenants as well as the terms, conditions, rental costs, and renewal possibilities. Verify that the leases are binding, enforceable, and compliant with any applicable local tenancy regulations. If required, seek legal advice to negotiate or alter the conditions of the lease.

Seek legal assistance: When it comes to crucial SCO property issues like property ownership, encumbrances, leasing agreements, and regulatory compliance, you should think about getting legal advice. These assessments of the property’s status and any ensuing dangers are made by qualified lawyers.

Check all the property documents: Check all papers pertaining to the property, including sale contracts, deeds, contracts, and any related licenses or permits, in detail. Make sure the documents are true and accurate, and that they have been properly executed, and are in accordance with the law.

Check the property title: Make sure that the SCO property has a marketable and clear title. To find any liens, mortgages, or other legal claims against the property, conduct a title search. Before making the investment, resolve any pending problems or encumbrances.

Insurance: Take into account acquiring sufficient insurance protection for the SCO property. In the event of unanticipated legal challenges, protection, and financial security may be provided through property insurance, liability insurance, and coverage against potential legal conflicts.

Comply with tax obligations: Understand the tax requirements related to owning and operating a commercial property. Learn about local tax regulations, such as those pertaining to income taxes, commercial property taxes, and the goods and services tax (GST). To prevent legal issues or penalties, be sure that all tax regulations are followed.

Consult a professional: Engage with experts who can offer knowledgeable advice on the financial and legal elements of the venture, such as real estate brokers, financial advisors, and accountants. Their knowledge can assist you in avoiding any legal problems and making wise choices.

Keep in mind that purchasing SCO properties requires large financial investments. Legal protection must be given top priority as a result. You can reduce legal risks and increase the likelihood of profitable investment in shop-cum-office assets by taking these proactive steps and seeking professional guidance.

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Contemporary Wardrobe Designs for Your Child’s Room

Decor

By

Bhanu Sahu

-

May 30, 2023

A child’s room should be fun and engaging for them, but it also needs to be functional and organized. To accomplish this, you must have a modern, useful wardrobe. With the right wardrobe design, you can keep your child’s clothes and toys organized while still giving their room a stylish, modern appearance.

Modern wardrobe ideas for kids’ rooms come in a variety of styles, from minimalist to colorful. In order to assist you in creating the perfect wardrobe for your child’s room, this article will examine seven contemporary wardrobe ideas for kids’ rooms.

Which wardrobe color is best for the kids’ room?

Let’s have a look at some of the color schemes and how they affect the room’s ambiance.

Neutral hues

Since they complement any decor, neutral colors like white, beige, and grey are frequently used for children’s apparel. These colors are quite versatile and work well with a variety of accent colors. A white wardrobe can be mixed with striking pops of color like red, blue, or yellow to enliven and personalize the room.

Pastel hues

Pastel hues are yet another fantastic alternative for children’s apparel. These soft, subdued hues give the space a calming and tranquil atmosphere. Pale pink or blue are popular selections for a little boy’s or girl’s room. For a softer appearance, these colors can also be mixed with neutral or other pastel tones.

Bright colors

For a more vivid and vibrant appearance, a red, orange, or green wardrobe in a child’s room might be a terrific choice. Vibrant colors may infuse the space with vigor and vitality. Vivid colors can be used effectively, but it is important to use caution because too many of them can create a cluttered and overpowering environment.

Multicolored

A multicolored wardrobe could be a unique and creative addition to a child’s room. For instance, a wardrobe with doors or drawers in varied colors might give the room a whimsical and energetic vibe. Many different colors and patterns can also be matched with this style of wardrobe.

Timber Tones

A wardrobe in an oak or walnut wood tone can make a child’s room feel warm and upscale. These colors can be used with other organic materials, such as wool or linen, to create a cozy and inviting atmosphere. Moreover, wood tones are versatile and work well with a variety of decor styles.

Bedroom Wardrobe Designs for Children

It can be fun and creative to create a wardrobe for a child’s room. It’s crucial to take both utility and aesthetics into account when picking the wardrobe’s design. Let’s examine three practical and aesthetically pleasing kid-friendly wardrobe designs.

A three-color wardrobe design

A tri-colored wardrobe would be a beautiful addition to a child’s room and would be quite beneficial. Typically, this sort of wardrobe includes three doors and three colored components. One region might be yellow, another blue, and the third white, as an example.

This design has a lot of room for customization because you may pick the colors that suit your child’s personality and space style. A tri-colored wardrobe also features eye-catching colors and unusual storage options.

For each section, for instance, a different set of shelves or hanging rods might be offered. Your child may therefore keep their clothing and accessories in an amusing and unique way.

Wardrobe with a bookcase

By adding a wardrobe with an integrated bookcase, you may maximise the space in a child’s room. Typically, this sort of wardrobe features a bookcase on one side and shelves or hanging space on the other. The bookshelf can be used to store toys, books, and other decorative items.

This type of closet is especially useful in compact, confined areas. The wardrobe and bookcase can be combined to create space for additional furniture.

A chalkboard-inspired wardrobe design

A unique and creative solution for a child’s room is a chalkboard wardrobe. This type of wardrobe typically has one or more doors with chalkboard surfaces. Your child can write notes, draw pictures, or establish a schedule on the surface.

Along with the fun chalkboard element, this kind of wardrobe might provide unusual storage options. For instance, it might include garment hangers or shoe storage built in. To match the room’s general style, this type of wardrobe can also be customized with different colors and patterns.

Wooden-Finished Wardrobe

A wooden-finished wardrobe is a classic choice for a child’s room. Also, the warmth of the wood itself can create a cosy and inviting ambiance in the room. You can choose from a variety of styles and finishes the wooden wardrobe that best suits your child’s individuality and the overall design of the room.

Hardwood wardrobes are durable and robust in addition to being aesthetically beautiful. Because they can withstand damage from children and their belongings, they are a practical choice for a child’s room.

Cartoon-Inspired Wardrobe design

A child’s room can be made more enjoyable and lively by adding items from a wardrobe with a cartoon character theme. You can design something unique for your child using their favorite colors and themes, or you can incorporate their favorite cartoon characters into their attire.

If their outfit features cartoon characters, your youngster may be more motivated to organize their belongings. They could be more inclined to keep their clothes and toys organized if their items are stored in a closet that matches their interests and personalities.

Space-enhancing Glass-Enclosed Wardrobe

A space-saving glass wardrobe might be a fantastic solution for small children’s rooms. The glass doors can also help create the illusion that the Room is bigger while letting natural light in.

From the variety of designs and hues offered for this type of wardrobe, you can choose the wardrobe that best matches your child’s room. Also, it can have odd storage options like shelves and hanging rods to keep your child’s belongings organized and simple to find.

Wardrobes with mirrors come in a variety of shapes and sizes. You can choose from a full-length mirror, a smaller mirror on the door, or even a mirror that is integrated into the closet’s interior. Moreover, mirrored wardrobes are a fantastic technique to help your child.

Mirrored wardrobes are a fantastic way to help your kid get ready in the morning as well. They can dress correctly because they can see every inch of their bodies.

Kids’ Bedroom with Sliding Door Wardrobes

For a child’s room, a sliding door wardrobe design can be a great choice, especially if there isn’t much space. When sliding doors are used instead of typical hinged doors, since they take up less space, there is more room for other furniture and activities.

Moreover, sliding door wardrobes come in a variety of sizes, shapes, and designs. You can choose a design that goes well with the overall theme of the room, like a colorful one with entertaining graphics or a more elegant one with clean lines and neutral colors.

Things to consider while designing kids’ wardrobe

While designing a wardrobe for children, it is imperative to take their unique needs and tastes into account. Here are some considerations when creating a child’s wardrobe.

Size and area

One of the most important factors to take into account while building a kids’ wardrobe is the amount of space in the room. The size of the wardrobe should be in proportion to the size of the room to prevent it from seeming crowded or overwhelming.

Because of this, it’s essential to precisely measure the space and choose a wardrobe that fits the room without being too bulky and still provides enough storage for your child’s clothing and belongings.

Prerequisites for Storage

When designing a kids’ wardrobe, it’s critical to take your child’s specific storage needs into account. Also, based on their age and gender, they can require different types of storage space.

For instance, smaller children may desire more space for toys and games, whereas older children may need more space for clothing and accessories.

Accessibility

While designing a child’s costume, accessibility is a key factor. To access clothing and other items, children shouldn’t have to climb or struggle. Younger kids should pay extra attention to this because they could be shorter and more coordinated than older kids.

Design and Style

Choosing a clothing design and style for youngsters that harmonizes with the room’s overall aesthetic is vital. Consider your child’s personality and interests when choosing a clothing style that reflects their distinct sense of style.

What are the most vital design tips for children’s wardrobes?

The following tips are some of the most important ones for designing a child’s clothing.

Consider Accessibility

One of the most important aspects to take into account while selecting a child’s wardrobe is accessibility. To access their clothing, shoes, or other belongings, children shouldn’t have to climb or struggle. This calls for incorporating reachable drawers, shelves, and hanging space into the wardrobe design. These elements should be at a proper height for your child’s age and size.

Consider Your Storage Requirements

Children vary in their storage needs based on their age, gender, and interests. Because of this, it’s crucial to prepare the area for the stuff your child will keep in their wardrobe.

Younger children could want more space for toys and activities, but older children might require more space for clothing and accessories. As a result, make sure the wardrobe design contains enough storage space, such as shelves, drawers, and hanging space.

Safety Comes First

When designing a child’s room, safety is always the top priority, and the wardrobe is no exception. Choose a wardrobe that is sturdy, well-built, and securely affixed to the wall to prevent tipping. Avoid patterns with sharp edges or corners that can fray.

If the wardrobe includes drawers, make sure they are equipped with safety stops to avoid unintended falls.

Choose a design that reflects your child’s individuality

A child’s wardrobe is an important element of their room and should reflect their unique personality and hobbies. Think of incorporating your child’s favorite colors, patterns, and themes into the wardrobe. Cartoon prints or decals, surfaces for a chalkboard or whiteboard, or even a built-in toy box are examples of additional design components.

A modern wardrobe may not only provide enough room to store your child’s clothes and toys, but it can also make the room look better. With the many design options available, it’s simple to select a contemporary wardrobe design for a child’s room that complements your child’s personality and blends in with the rest of the room’s decor.

There is a fantastic wardrobe available for your child’s room, whether you select a straightforward style or a bold and colorful one. In order to realize your vision of creating a contemporary wardrobe for your child’s room, an interior designer or carpenter can help you choose the best.

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Unlock the Hidden Potential: Top Creative and Luxurious Bathroom Ceiling Ideas

Decor

By

Bhanu Sahu

-

May 25, 2023

The most important room in your house is the bathroom, yet it’s also the one that gets the most little attention. The roof portion is definitely out of the question, despite the fact that we spend a lot on the fixtures and tiles for the space. When you can match it to the rest of your house, why leave it plain? These bathroom ceiling ideas give the area an opulent appearance that can’t be reached just with pricey decorations.

We have a brief suggestion if this idea fascinates you. It’s usually preferable to prepare for a fake ceiling in advance because the rest of the project will require some time, money, and work. Also, it can reduce the amount of plumbing rework. If you’re prepared, let’s look at some of the most creative bathroom false ceiling ideas to gain some design inspiration!

Here are our top 10 sleek, contemporary bathroom ceiling ideas, complete with pictures. Let’s explore them.

POP design with LED

The bathroom POP design becomes the focal point of the space by having a substantial LED border installed around it. The use of LED lights on the sidewall, flooring, and other architectural elements is another fantastic luxury bathroom design element. Your bathroom appears bigger and brighter than it really is.

Colorful POP designs

Think about using this innovative painted ceiling alternative if you don’t want to spend a fortune adorning an area like your bathroom. Putty can be used to smooth out your ordinary wall or to extend the bathroom POP design. Now, choose a vibrant, waterproof paint, and let your creative side go!

Ocean-themed POP design

Think about this understated bathroom POP design that was influenced by popular ocean elements. The ceiling elevates the design further than the little mosaic tiles that cover the walls. The bathtub and shower cubicle are intended to be highlighted by the POP ceiling, leaving the remainder of the room available for customization.

Plus-minus bathroom POP design

A geometric ceiling is always in style. Here is an example of one such concept for your bathroom. This bathroom POP design quickly grabs your attention with its outstanding flair. You can choose from a variety of plus-minus styles and designs. Add lighting to the corners of your room to make it appear larger.

POP design with shower vent

A typical bathroom fixture built of Plaster of Paris is the shower. In any area, a POP ceiling is renowned for hiding wires, and vents. Use a stylish shower vent in your bathroom POP design to take advantage of this.

POP design for a sleek black bathroom

A black bathroom POP design is the way to go if you want to simultaneously bring grandeur, drama, and sophistication to your bathroom. You can add the necessary brightness and break up the monotony of colours. Also, place furnishings in grey and white and employ contrasting fixtures in your bathroom.

POP design with a light centerpiece

Your bathroom can get a lot of shimmer and glitz from a chic royal light centerpiece. You might include it in the POP design of your bathroom.

Glass ceiling for skylight

Do you want to bring a bit of the sky into your bathroom if you live in a bungalow? Unquestionably, a skylight in the bathroom’s ceiling that offers a breathtaking view of the clear blue sky is a fantastic decision. It is a distinctive and sumptuous design concept for your bathroom. Plaster of Paris can support the skylight in the ceiling very effectively because it is highly robust.

POP design with double-row lighting

Always keep the bathroom well-lit and bright. As a result, your bathroom POP design should have a double row of lighting. Basic panel LEDs or halogen lamps could give your bathroom a delightful touch.

Don’t overlook the potential of your bathroom ceiling. By incorporating creative and luxurious bathroom false ceiling ideas, you can transform the space into a visually stunning and opulent environment. From POP designs with LED borders to colorful and ocean-themed options, there are numerous possibilities to explore. Consider incorporating a shower vent, sleek black design, or a glass ceiling for a skylight to add unique touches. With the right lighting, your bathroom ceiling can become a captivating centerpiece. Don’t underestimate the impact of an elegantly designed bathroom ceiling—it’s a worthwhile investment that enhances the overall aesthetic of your home.

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Understanding Green Energy– Types and Examples

Feature

By

Bhanu Sahu

-

May 25, 2023

Energy has different forms and types and is being created distinctively. We should all be aware of the sources of our energy and how it affects the environment as regular energy users. Thankfully, we now have the ability to not only determine the source of our energy but, in many situations, to choose that source as well.

The definition of green energy will come first, after which we’ll look at its advantages and much more.

What is meant by “green energy”?

Energy derived from renewable resources is referred to as “green energy.” Clean, sustainable, and renewable energy are other names for green energy. Green energy generation has minimal to no environmental impact because hazardous greenhouse gases are not released into the atmosphere.

What makes it green energy?

Since it is made from resources that the Earth provides naturally, green energy received its name. It makes reasonable that renewable energy would be connected to the hue that embodies nature given that green is frequently associated with health, sustainability, and nature.

How green energy is produced and how it works?

Green energy is created through natural resources like water, air, and sunlight, which is further converted into electricity.

How does green energy operate and what is it?

The energy we convert into electricity originates from renewable sources such as water, wind, and sun.

Let’s explore each green energy technology more closely and see how it works:

Solar power: Silicone sheets with energy-absorbing cells are used in solar panels to turn sunlight into electricity. Solar energy is a resource that is relatively easy to get, and it can be used commercially or individually by placing solar panels on buildings.

Wind power: We produce electricity using the kinetic energy that wind turbines produce. Wind energy is one of the most environmentally friendly alternatives because it doesn’t require a lot of labor.

Hydropower: Hydropower facilities use the currents in rivers and streams to generate kinetic energy. This is accomplished by using a turbine that is incorporated into a dam.

Biomass: Waste from urban, rural, and industrial areas can be used to produce energy. Burning wood and crops planted especially for this purpose can be used to produce biomass. It is common to ferment maize, wheat, sugar beetroot, and sugar cane to create bioethanol.

Geothermal: Energy can be produced from the heat stored in the liquids and minerals beneath the Earth’s crust. Workers drill mile-deep wells into underground reservoirs to capture the geothermal energy contained in the steam and hot water. They then turn turbines attached to electricity generators with this steam and hot water.

What are the advantages of using green energy?

The best part of green energy for many individuals and institutions is that it is less damaging to the environment. Wind and solar energy are two excellent choices for reducing harmful greenhouse gas emissions. While it might not be feasible to build wind turbines on residences, we can select utility companies that offer green energy.

Due to its far lower contribution to air and water pollution, green energy is also healthier for our physical health. The World Health Organization estimates that household and ambient air pollution kills 4.2 million people a year. The majority of these fatalities took place in low- to middle-income nations, particularly in Southeast Asia and the Western Pacific.

In light of this, we must put more emphasis on renewable energy sources, which harm the environment less than their non-sustainable equivalents, particularly in less developed nations.

In comparison to fossil fuels, green energy sources like wind and solar electricity are much more sustainable. By offsetting oxide, nitrogen dioxide, and sulphur dioxide emissions, they prevent serious health problems. In the United States, almost 500,000 people will be employed by renewable energy in 2021.

The ability to harness renewable energy from natural resources without depleting them over time is another advantage of green energy. As long as the sun is shining, the wind is blowing, and there are lakes, streams, and rivers to draw power from, there will be sources of renewable energy available. Location affects the consistency and dependability of each resource; For instance, the United States is better adapted to produce solar power than other nations that receive less direct sunlight. According to this, breezy regions like the plains and the coast will probably produce more electricity from wind farms.

Why is an energy source considered green?

When it comes to greenhouse gas emissions during energy production and usage, an energy source must be zero, low, or neutral to qualify as green energy. A green energy source with zero greenhouse gas emissions is exactly what it sounds like—no greenhouse gases are produced while the energy source is being produced. Using an energy source with no net greenhouse gas emissions, such as biomass, results in some greenhouse gas emissions. The fact that the biomass absorbs carbon dioxide as it grows offsets its emissions. In contrast to burning coal or natural gas, an energy source with low greenhouse gas emissions will still produce some greenhouse gases, but the quantity may be very small.

Which source of energy is the cleanest?

The least harmful energy source is wind because it lessens our dependency on fossil fuels and the quantity of harmful CO2 that pollutes the atmosphere.

Wind power requires less external input than other renewable energy sources. For instance, installing wind turbines instead of thermal power plants saves billions of gallons of water annually because they don’t use water to generate electricity. Almost 103 billion gallons less water were used at existing power plants last year as a result of wind energy production. The only offshore energy source we can install and sustain is a wind turbine. Offshore wind farms offer a priceless opportunity for harnessing strong maritime winds without upsetting surrounding communities.

While direct pollution is important to be aware of, it’s also crucial to keep in mind the indirect pollution that energy sources might produce. For instance, geothermal energy is a resource that is sustainable and produces renewable energy, but it also requires energy to be harnessed, which may originate from nonrenewable sources. If the employees use gas-powered vehicles to get to work, one may also take into account the emissions the vehicles produce.

Is nuclear energy green?

Because it emits no greenhouse gases during the energy generation and operating processes, nuclear energy can be regarded as green energy. Nevertheless, there is persistent skepticism over the safety of nuclear waste and its storage. Natural disasters or inappropriate handling, disposal, or storage of nuclear waste can release dangerous substances into the environment (think: tsunamis or hurricanes). However, some types of nuclear waste can take a very long time to degrade to the point where their radioactivity is dangerous to people, animals, and plants. For these reasons, some individuals are apprehensive to group nuclear energy with wind, solar, and hydropower. But, if you only consider the numbers, specifically the quantity of greenhouse gases it generates, it might be seen as green energy.

Nuclear energy has the benefit of producing enormous amounts of energy from a very small area of land. In the United States, operating a nuclear station that generates 1,000 megawatts of energy requires around one square mile. To produce the same amount of energy, a solar plant would require 75 times as much space as a wind farm. Due to its extremely dense output, nuclear power also has the advantage of being energy efficient.

What negative aspects of green energy exist?

Nuclear energy has the benefit of producing enormous amounts of energy from a very small area of land. In the United States, operating a nuclear station that generates 1,000 megawatts of energy requires around one square mile. To produce the same amount of energy, a solar plant would require 75 times as much space as a wind farm. Due to its extremely dense output, nuclear power also has the advantage of being energy efficient.

What negative aspects of green energy exist?

Although the use of renewable energy has increased exponentially over the past few decades, there are certain negative aspects of green energy that need to be taken into account.

Below is a list of some of those drawbacks

Unreliability: Certain renewable energy sources require specific weather and atmospheric conditions to operate. Hydroelectric dams require enough precipitation to fill the dam and maintain a steady flow of water. The blades of a wind turbine must be moving in the wind at a minimum wind speed. To produce power, solar panels need clear skies and plenty of sunshine. Also, solar energy cannot produce electricity at night.

Lower efficiency: More work needs to be done to increase the efficiency of renewable energy in harnessing energy and transforming it into electricity. As a result, some renewable energy sources can be quite expensive to install and maintain, which deters businesses and governments from making investments.

Space: Renewable energy sources require more room to create energy than other energy sources do. To generate about 20 megawatts of power, solar energy can cover approximately 100 acres with solar panels. Comparatively, while a solar plant of the same area would only have 200 megawatts, a nuclear facility the size of 650 acres may generate roughly 1,000 megawatts of electricity. The area needed for a two megawatt wind turbine is 1.5 acres.

Storage costs can be high: Batteries are frequently used to store renewable energy. One battery alone might cost between $10,000 and $25,000.

The generation capacity remains low: Our energy needs cannot yet be satisfied by the capabilities of renewable energy production. There may come a day when the building of new and more renewable energy plants will be able to keep up with our need for energy as renewable energy technologies advance and energy consumption falls as a result of more energy-efficient devices, appliances, and lights. We won’t arrive there just yet; until then, a sizable amount of our energy will still come from fossil fuels and nuclear power.

Green energy is necessary for the future, but much more work needs to be done before renewables can become our main source of energy.

Which green energy source is the best?

It is challenging to choose the best green energy source. Due to its efficiency in terms of energy and space, some experts claim that nuclear power is the best. Some would argue that hydropower is the best because it is the world’s largest provider of renewable energy. Finding the best green energy source is less crucial than realizing the value of green energy and its significance for our future energy requirements.

Why is green energy necessary?

The fact that green energy emits little or no greenhouse gases makes it crucial. Lowering greenhouse gas emissions will reduce air pollution and aid in halting the catastrophic impacts of fossil fuels on climate change. In addition to reducing our reliance on imported fuels, green energy enables us to diversify our energy supply. Green energy investments also lead to the creation of jobs, particularly for the upcoming workforce.

What is a green energy plan?

Green energy is energy produced from renewable resources. Residents therefore use a green energy plan to access renewable energy at home. You can access renewable energy for a set monthly fee by joining any green energy provider. Several plans may be available from various energy providers. You must look for a local provider who offers a green energy package that suits your needs.

Does green energy fit my needs?

Green energy is probably the best option for you if you’re interested in employing resources that are healthier and last longer because green energy sources are much better for the environment.

Each year, resources like wind electricity become more affordable. By 2025, electricity produced from onshore wind or solar power could be delivered for half as much as electricity produced by gas-fired power plants, according to a U.K. renewable energy assessment. Utility providers can frequently give clients set energy pricing for up to 25 years as a result of this cost reduction, protecting them from volatile fuel prices.

The implications for customers

More people will have access to clean energy as wind energy usage increases. For customers, it means stable and predictable costs as well as the awareness that we are helping to lessen the demand for energy sources that are bad for the environment.

As an Inspire member, you may obtain renewable energy for a set fee and lower the carbon emissions from your house.

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What is TOD, or transit-oriented development?

Feature

By

Bhanu Sahu

-

May 19, 2023

The goal of the urban planning concept known as “Transit-Oriented Development” (TOD) is to build mixed-use neighborhoods close to transit hubs in high-density areas. Metro areas like Ahmedabad, Delhi, and Mumbai, which are undergoing fast urbanization, exponential population expansion, and increased traffic congestion, have widely adopted the idea.

India has some of the world’s fastest-growing cities, according to World Bank statistics. Despite only having a 35 percent urbanization rate, there are an estimated 506 million people living there, which is a substantially larger population than in many other nations. Urbanization is a good thing, but it also comes with a number of problems, including a rise in private vehicles, pollution, problems with public safety, and a lack of housing options, which puts a lot of strain on a city’s physical infrastructure. The government has linked land-use policy and transport planning, paving the way for Transit-Oriented Development (TOD) policy, in an effort to buck this trend and assert a sustainable future for all.

Understanding TOD

A micro- or macro-level development strategy called transit-oriented development (TOD) mixed-use neighborhoods around transit hubs to promote sustainable living. The development is concentrated on producing elements required for human survival. For instance, creating residential, commercial/office, mall, and entertainment spaces close to metro, BRTS, and ferry stations ensures convenient accessibility and a high standard of living for city people.

The walkable atmosphere that TOD provides makes it easy for locals and workers to get to local businesses, markets, and other destinations. Also, it encourages people to use public transport, reducing traffic congestion and pollution.

TOD involves

Developments with mixed-use spaces less than 2,000 feet from the transit node on average
A major transport hub at the center of the evolving model
Streets that favor pedestrians
Designs that emphasize non-motorized modes of transportation like bicycles and walking
Supervised parking areas
Preservation of delicate ecosystems and superior open areas
Advantages of TOD
A higher standard of living and improved access to places to work, play, and live
Improved public safety
Increased use of the underground
Decreased household travel spending
The best possible use of urban lands

Incentives from the government to implement the TOD framework

Increased Floor Space Index (FSI) for developers
reduced parking charges for businesses

TOD challenges

Due to a lack of support from the local government, TOD implementation suffers. Every city has zoning regulations and building laws that are created for suburban-scale, automobile-oriented growth. Zoning regulations must be approved in order for TOD to be implemented. TOD development is negatively impacted by any limitations or delays with regard to FSI limits, minimum parking, front setback requirements, building height restrictions, and landscaping specifications.

TOD is a ground-breaking development strategy that strives to enhance the quality of life, lower levels of traffic congestion and pollution, and assure optimal use of urban areas to make room for more real estate developments. Its implementation, though, is still difficult. Cities that have already embraced the TOD structure, such as Chennai, Kochi, Rachi, Faridabad, Gurgaon, and Mumbai, have already run into a number of issues from local bodies. To address the current issues and guarantee successful TOD implementation, necessitates rapid government intervention.

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Terminology of Land and Revenue Records in India for Property Buyers

Tips

By

Bhanu Sahu

-

May 19, 2023

If you want to buy a parcel of land in India, you really need to be familiar with the terminologies used for land and revenue records. In this post, we go through some of the terms used in land and revenue records.

In India, a written sale document that is signed between buyers and sellers during a land transaction typically proves who owns the land. Property maps are one type of information included in land records in India, which are kept up to date by government entities at the district and village levels.

Property rights such as the Register of Lands (RoL), Record of Rights (RoR), and Mutation are typically included in a land record. Also, it includes geological details about the piece of land, including its size, its soil type, and details regarding irrigation and farming. In India, different States have different terms for land records. Bhulekh, Khata, Khasra, Khatauni, Jamabandi, Satbara (7/12), Patta, and Pahani are a few of the often-used names in land records.

It can be difficult to be familiar with all of the terminologies used in land and tax record terminology given the variety of languages in India. To correctly understand land records in India, we have included some of the most well-known words for land records and tax records.

Terms frequently used in land records in 2023

Checking land records online might be confusing due to the abundance of titles if the precise meaning of the land record word is not understood. Here are some key terms from land records that will help you when purchasing a property.

Terms	Meaning
Khata	A revenue document that evaluates the dimensions, location, and build-up area of a property. Additionally, it names the person responsible for collecting property taxes.
Khasra	DAG number is another term for it. It is a unique number assigned to each land parcel in a village. It is the assigned survey number in urban areas.
Bainama	It refers to a sale agreement.
Khatauni	Essentially, an account book detailing all landholdings and the landowner’s information.
Nakal	All of the data regarding the land, including ownership patterns, revenues, etc., is contained in a nakal.
Patta	It is a document that contains the name of the legal owner of the land property.
Jamabandi	Records of Rights (RoR) describe land ownership and provide information about its owners and cultivators.
Mauza	This term is used to refer to a village.
Khudkasht	According to this document, land is being cultivated by owners rather than cultivators.
Khewat	An identification number is given to co-owners of a piece of land. It can also be interpreted as the account number given to different owners.

Popular land and revenue record terms in 2023

Terms	Meaning
Lagaan	Revenue or tax collected from the tenant cultivator
Jamaan	Land tax
Jamabandhi	Record of rights
Kism Zameen	Type of land
Lal Kitab	Village Notebook containing valuable information regarding crops, land use, transfers in land etc.
Mukhtiarnama	Warrant
Kankoot	Harvest produce
Paimaish	Land measurement
Malguzari	Levy on land
Rahin	Mortgage Deed
Dakhil Kharij	Property mutation
Tatima	Showing separation of plots
Medh	Field boundary
Bahissa barabar	Equal division of land
Shajra	Village map
Batai	A division system denoting the arrangement between the owner and the cultivator to grow and share crops on certain terms
Chak tashkhish	Land type
Mustari	Land buyer
Kashtkar	Cultivator
Fard Badr	Making changes in the land records

Digitization of revenue and land records in India

From 1988–1989, the Central Government of India launched the Computerization of Land Records scheme, which digitized all land records in an effort to bring transparency to the country’s land record system. Other procedures were put in place at the same time to enhance land administration and records. As part of the Digital India effort, the National Land Records Modernization Programme (NLRMP), formerly known as the National Land Records Modernization Project (NLRMP), was combined with all of these records in 2008.

How to check land records online in 2023

States	Official website to check land records online
Jharkhand	https://jharbhoomi.nic.in/jhrlrmsmis/
Karnataka	https://landrecords.karnataka.gov.in/
Tamil Nadu	https://eservices.tn.gov.in/eservicesnew/land/chitta.html?lan=en
Uttar Pradesh	http://upbhulekh.gov.in/
Uttarakhand	https://bhulekh.uk.gov.in/public/public_ror/Public_ROR.jsp
West Bengal	https://banglarbhumi.gov.in/BanglarBhumi/Home.action
Rajasthan	http://apnakhata.raj.nic.in/
Bihar	https://state.bihar.gov.in/lrc/CitizenHome.html
Gujarat	https://anyror.gujarat.gov.in/

After paying a little charge, you can simply obtain a copy of the district’s land records from the local Tehsil (Taluka) office if you are unable to find them online.

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