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Team iPropUnited

Team iPropUnited
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Rs.5000 Crore To Be Raised By Indian Bank To Support Affordable Housing, Infrastructure

Stacks of rupee coins against white backgroundIndian Bank, a leading lender in public sector, is going to raise an amount of Rs.5000 crore to give aid loans for affordable housing and infrastructure.

A meeting is to be conducted next week in which the board of directors of the bank will bring this proposal for raising money.

The concept of affordable housing is one of the most progressive projects by the government in the vision of Housing for All by 2022. The growth in infrastructure has become one more important area which is being given priority.
About Indian Bank

The much reputed Indian Bank was established in 1907 on one of the most important days for India, 15th August. It was launched with the Swadeshi Movement. The bank has a dedicated and sincere staff of over 20661 people. It also has branches out of India in Colombo and Singapore.

Progress Report To Be Prepared By Jaypee For Wish Town Project In Noida By July-End

jaypeeJaypee infratech is going to prepare a report on its much talked about project, Wish Town in Noida, showing the progress in its development. The report will be prepared and uploaded by July-end this year, as the buyers are really eager to know that what will be strategy of the company, which is facing a huge amount of liquidity crunch, to complete 27000 flats by 2020 as per their promise.

There were many complaints filed by the investors of Wish Town in Noida against the company and therefore a combined FIR was lodged by the police. After the FIR, the company had promised that the construction would start phase by phase.

Currently, construction materials can be seen at the construction sites and the work of cement layering was also going on. Even the work of electrical details was in progress. But the fact remains that the number of labourers was still not sufficient to match the level of construction that is still left.

The management of Jaypee had assured the homebuyers that it is completely dedicated towards completing the Wish Town in Noida, with the support of the working capital it received from banks.

As per the layout and completion roadmap of the company, the number of flats which will be delivered by 2018 is 6000, by 2018-19 is 8000 and the remaining will be delivered by 2020.

3 Step Guide To Buy The Perfect Sofa For Your Home

    sofaWhat is a living room or a drawing room, as you may call it, all about? It is all about the perfect sofa! The main highlight of every living room! But it is not only restricted to just living rooms now. They are now used very popularly in bedrooms also! And it is not every day that you keep buying a sofa because of the high costs involved. It is a total disappointment if even after being expensive; your sofa is not impressive or comfortable or doesn’t suit the room. So there are three things that you must keep in mind before buying that perfect sofa.

    So here is a three step guide you must follow before buying the sofa –

    1.Purpose – What will be the purpose of the sofa in your living space?PurposeFirst of all you have to seriously decide that how will you use the sofa? Whether it will be for proper use or just for the show? If your sofa is to be kept in the living room, then you may not use it very frequently so you can be tension-free about choosing particularly stain-resistant fabrics or deep or plush seats. This is because it won’t be used that much.
    On the other hand, if your sofa is to be kept in your bedroom or a common room in which everybody spends an ample amount of time, you really need to go into the minutest of details! The fabric and its durability, the seat and its comfort and obviously the cushions! So the main focus is that the sofa should be well-made.

    If you regularly have guests coming over, or extremely restless and naughty kids, or even lot of napping on the sofa, then comfort and durability should be most important factors to be considered.

    2.Size – The number of people who are going to sit on the sofa at once?SizeIf you have a family with many members, then you must ensure that the sofa is able to entertain those members. You can either choose a set of two sofas or a really large sofa. You must contemplate things like whether you’ll host parties and how many people are going to come. You can also keep comfortable and classy chairs along with the sofa to complement the sofa set.

    But, if you have a small family, then you can easily keep a standard sized sofa for your family members.

    3.Space – what is the size of your room and how large the sofa should be?SpaceSpace always remains the most important aspect when buying a sofa. You need to find the correct size of sofa which will be suitable for the room you want to keep it in. If you have a large sized room, then there is not any problem because you can choose there will be no size constraint. On the other hand, if you have small room, then you really need to ensure that the sofa should not be excessively big. The best way to do is to all the necessary measurements of the room as well as the sofa to make it correctly fir your room!

    These Are The Key Factors Affecting Property Prices

      Property PriceWe see “Property for sale” in most of the locations. At a tender age, we kept wondering what that sale was and why is it seen in almost every location. As people grow and make plans of investing in something that can prove to be an asset, people always think of “Properties”. The demand for property is high and it is on the rise for the return it promises to you in the long run because, with the increase in the economic state of a country, the property price takes a higher leap.

      With the growth of the economy of every country, there is no doubt that the property prices will always be on the rise. Have you observed something peculiar about properties? They have high value at some place while having low price in some other. By property, you may refer to land, commercial building or a residential flat or a bungalow. The difference in price of properties depends on various factors. A few obvious factors are location and facilities.

      This is something that any layman would understand. The better the location, the higher the price, similarly, the better the facilities, the higher the price! There are more than these obvious factors that actually influence the property prices. Let us be open to all these factors before choosing the property for purchase.

      Factors that affect or influence Property Prices
      Location: Properties that are located in a colony that developed and fully equipped with well-constructed roads and buildings along with facilities of the market have a higher value when compared to properties that are in interior places and less developed. This factor makes it easy to sell and buy a property too as property dealers are easily available for the job. Another important point is better transportation and communication facilities. Areas that have convenient access to road transport, as well as rail transport, have more value comparatively.

      Ambiance: Is the location safe to live? This is the second factor that makes for a good rate of property. An area or locality that has aesthetic beauty together with proper sanitation and safety measures, the area is deemed pricey and so will the property price. Have you tried checking the rent of a flat in an area that is clean and green and compared the price with the rent of a flat in an area that has dirt and pollution in every step? You will know the answer. In short, it is how the ambiance makes you feel.

      Approachability: Is the property easily accessible from important locations like schools, colleges, universities, hospitals, malls, etc.? Do you have available public transport for your ease to travel to places? If the answer is yes, the property price is sure to be on the higher side.

      Demographics: This factor includes sub-factors like population size, consumer behavior, age factor, and income. All these are related to increasing in the property price. If the size of a population increases due to migration, there will be an increase in demand for property. Consumer behavior too makes a difference. The choice of buying and purchasing products will define the amount one is willing to spend. If the working professionals are more in the area, there are more chances of them buying a property. If there is a low-income group, the price will fall while it goes up if the income group has higher earning potential.

      Bank: If the banks have come up with schemes where housing loans are provided with a lower rate of interest, buyers will definitely be attracted. With this curiosity, the property builders will have more demand for homes. With the increasing demand of homes, the supply will be less. It will, therefore, push the prices of properties up. Many people plan to buy a property with the help of a mortgage. If the interest rate is low, mortgage rate will also be low. This will increase the demand for real estate. With the increase in demand, the price goes up. The interest rate also is directly proportional to Real Estate Investment Trust. With the increase in interest rate, the REIT’s bond gets less demand, thereby declining the price of property.

      Government Policies or Subsidies: Government policies like Tax credits, subsidies and miscellaneous deductions play a vital role in increasing the property price. If those policies are in favor of the common men, buyers will come up to buy a property. This definitely increases the price of a property.

      These factors can either push or pull the prices of properties. These factors are for the benefit of the buyers and sellers to some extent. Instead of buying real estate properties directly for monetary gain, one can also invest in those properties indirectly. Real Estate Investment Trust (REIT), Commingled Real Estate Funds (CREFs), and Real Estate Exchange Traded Funds (ETF) are some of the indirect investments into real estate that can yield a profit.

      Owing to the benefits, people have taken to investment through indirect means.

      Three New Residential Projects By Godrej Properties Witness A Sale Of 1000 Apartments

      godrejGodrej Properties has claimed that, under its three new residential projects, it has been able to sell 1000 apartments. These new projects are – The Suites at Godrej Golf Links in Greater Noida, Godrej Origins in Mumbai and Godrej 24 in Pune.

      The new project in Mumbai, Godrej Origins at The Trees, sold off a total of 130 apartments and that too in just a week’s time from the date of launch. Similarly, the project in Greater Noida, The Suites at Godrej Golf Links sold off a total of 500 flats and the project in Pune, Godrej 24, sold 450 flats. Both of these projects too witnessed such huge sales in just one week within the launch.

      The Executive Chairman of Godrej Properties said that they are delighted to see the immense and powerful response towards their new residential projects, from homebuyers, all over the country. They are striving towards maintaining this achievement in the coming months too.

      Presently, Godrej Properties is working on the development of their new projects (commercial, residential and township) in a total of 12 cities covering 133 million square feet (approx.).

      Cynical Homebuyers To Recognize The Advantages Of RERA

      RERAWhile RERA (Real Estate Regulatory Act) has been implemented from 1st May, 2017, some homebuyers are having positive view towards it but on the other hand, many are completely oblivious to the advantages they will be able to enjoy from RERA.

      As per the central government, every state is supposed to notify the rules and maintain a regulatory authority to handle the vast realty sector. RERA will take strict penal actions against all the builders or developers who will keep up to their promises.

      Some homebuyers are skeptic about the implementation of RERA. They think that it will take a long time to come into full force and provide solutions.

      But some on the other hand some homebuyers seem to be hopeful and are expecting good results. They believe that at least now the developers will not be able to take homebuyers for granted or dupe them.

      The sad part is that the farmers have also been fighting the case against the Real Estate Developers in Noida since 2012. This is because Real Estate Developers in Noida have collected money from the homebuyers for land which is not cleared and approved by the authorities. 90% of the developers have not paid money to Noida Authority after taking payments from the homebuyers.

      Farmers like him feel that RERA will actually bring change in the real estate sector as it will constantly keep the builders under pressure to not make any kind of delay or they will have to pay penalties.

      Homebuyers Of NRI City Question The Issuance Of Occupancy Certificate For Incomplete Project

      SDS NRI Residency Greater NoidaThe homebuyers of NRI City which is located in sector 45, Noida, have strictly demanded an enquiry and investigation. This investigation is regarding the occupancy certificate issued for the society.

      They demanded an explanation on the fact that when the society is yet to receive the basic and sufficient facilities then how the Noida Authority has already granted an occupancy certificate to the complex. The homebuyers argued that all the nine towers of the society still have to get lifts, fire systems and completed play-zones.

      There was a meeting conducted between the developer (SDS Infractech Private Limited) and the homebuyers in which buyers clearly talked about the inefficiency of the developers in providing facilities.

      An Occupancy Certificate is granted to a complex when the entire construction is completed with all the facilities and safety items in order. These facilities include having a proper sewage treatment plan, a fire NOC and other required amenities. The homebuyers are expecting the Authority to look into the matter of wrongfully issuing an OC and should take proper action.

      The homebuyers of NRI City have claimed that they have paid a great amount of money for IGL (Indraprastha Gas Limited) and even paid in excess for a bad quality generator. The homebuyers are feeling duped by the builder as even after the issuing of an OC, they are not getting the promised amenities.

      Hearing all this, the Noida Authority has decided to hold a scrutiny and inspection of the complex to check whether the accusations of homebuyers are correct of not.

      The developer has also been instructed to upload all the details of the residential project online, so that homebuyers are regularly updated. He has to address the issues of the homebuyers otherwise legal action will be taken against him.

       

      Simple Ideas To Make New Couches From Old Items By Recycling Them

      topAre you a person who hates to dispose of things because you have memories attached to them? If you just throw away your old belongings, then just use them. Remember how you were taught to recycle and reuse as many things as possible? This is the perfect time to apply it in real life if you want to hoard memories! Confused? Don’t be, because now you can redecorate and revamp your living space with cool couches and that to from simply recycling old products! Get creative with these really innovative ideas to make couches from recycled products and perk up your décor!
      Here we go –

      1.Bathe In The Couch!Bathe In The Couch!Gave your bathroom a makeover and are left with an old bathtub lying in the store room and nothing to do with it? You can use it with just as much comfort as it was used with in your bathroom by turning it into a couch! Give a contrasting touch by painting it with bright or neon colours and teaming it up with printed cushions. And lo behold! Your bathtub couch is ready! It would be an icing on the cake if you have a bathtub with claw-foot as it will give an ultra-cool kind of charm!

      2.Pallet CouchesPallet CouchesNo matter how absurd it may sound, pallet couches can add so much style and character to your living space. Keep two or even three oversized pallet couches in your living room and see the difference for yourself! Choose deep and subtle colours with really funky cushions to soothe every mood of yours!

      3.Refrigerator Couchfridge chouchWe know that is one of the craziest recycle ideas that you must have come across but believe us, it is also the coolest! With the growing technology in electronic home appliances, we tend to replace them after every few years. And same is the case with the refrigerators or fridges. What to do with them? You can’t just send all these as secondhand items every time. So just ‘COUCHIFY’ them! Take out all the shelves from the fridge, secure the sides and you can use it according to your liking. Don’t forget to use rich and expensive fabrics and cushions to keep the classiness alive!

      4.Baby’s Bed Couchbaby chuchKids have that thing; they give us so many memories that we just can’t throw away their toys, clothes and what-not! And crib remains one of the most special belongings of your child while growing up. But now, you can keep it with your forever by converting it into your very own couch. You can use it as a sofa or even a casual day-bed. Put lots of small pillows to make it look cozy and comfortable. You can fill up the empty spaces of your house with these captivating crib couches! Apart from these crib couches adding the rusting charm to your home, you will notice yourself reliving all the memories of your child!

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      Details Of All The Projects To Be Uploaded On The Noida Authority Website In 30 Days

      Noida Projects
      Representative Image

      With the implementation of RERA from 1st May all over the country, the Noida Authority would upload all the details of ongoing and existing projects on their website in a month.

      There was meeting held between the CEO of Noida Authority and NCR homebuyers’ association, in which the association was told that all the important information and details of every ongoing project would be uploaded on the Noida Authority website to ensure complete credibility and accountability. 21 residential projects were represented by the NCR homebuyers’ association in the meeting.

      The details on the Noida Authority website would include all the ongoing projects with their names, area and size of the apartments, number of towers in a particular residential project and all the specifications related to the construction.

      The homebuyers have prepared a memorandum in the meeting stating that they wish to have three-party meetings, with someone from the buyers’ side and someone from the developers’ end and the Noida Authority. This will help in keeping a check on the construction progress and also the problems that come up after the construction is over, like flooring, fittings etc.

      Home Loans: The Biggest Credit Growth Driver In India

      loansbankloanIf we have a look the previous five years, home loans in India registered 16% of CAGR (Compounded Annual Growth Rate) which is the highest. The general credit to the industry received a slump by reaching just single digits when there was an unfavourable credit growth in India this year. On the other hand, the loans’ share was still favourable at 37.5%.

      RBI released some data on sector credit and as per it, on 31st March, 2017 bank credit was Rs.26.77 lakh crore to the industry. Apparently, this is less (by 2%) than the bank credit (Rs.27.30 lakh crore) which is outstanding as on 31st March 2016. And that is the reason for the slowest bank credit growth in India in a very long time.

      The main factor was home loans in India for bank credit in the financial year of 2016-17 which amounted to Rs.8.60 lakh crore. The housing share has been increasing since 2012 in which it was 9.26%. Before this, it was 2009 when the bank credit had witnessed a double digit in housing segment. But, the growth has reduced to 5% in financial year 2017 in bank credit. The reasons behind this downfall are the shifting to the debt market and pressure of bad loans on banks.

      The slacking of the loan industry is due to the PSBs which have lowered their vulnerability among the corporates. Just following the segment of home loans in India is the segment of credit cards which is the second fastest with 20% CAGR. Even with this, they just comprise of 1% of the bank credit. Experts say this is due to the fact that as Indians, we have a habit of getting ‘bill-free’ by the month end.

      If we look the services sector, the main driving forces for credit growth have been loans for trade, professional services and non-banking finance companies.

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