Aakar Realty Enterprises '_____ Realty Mediators

As anyone who just moved into their own house will know — it is a wonderful feeling to step into a freshly painted and furnished brand new home! Owning and moving into a new home can be a very fulfilling moment! Of course, most of the brand new home owners will also not forget the flip side of this nice feeling - the first three months and the new strain on finances in the form of the EMI! Although most people realise that this EMI amount will be taken away from one's account every month, some can end up making terrible blunders like covering monthly expenses quickly before the bank dips into the account for a big chunk of EMI. This can lead to a cheque or ECS bounce early in the tenure! To avoid this it is best to understand when salary credit happens and time the EMI withdrawal accordingly! An oft repeated grumble in such situations is of course the wish that one should have started saving more! Most households these days belong to the double income category and when y...

There’s always the debate whether to use paints or wall paper on those plain walls in the house. Paints were always the clear winner more for practical reasons than aesthetics. Wall paper tends to peel off quickly, especially due to the constant changes in the climate from time to time, and makes the walls look drab and ugly. This is no longer the case. Now, wallpaper comes in high-grade quality and has special weather-resistant features that peeling is just simply next to impossible! When the thought of wallpaper comes to mind, it is always delicate and dainty designs and floral backgrounds, especially well suited to very ‘English’ made homes. Wall papers have come a long way from there. Although, floral designs do exist and are a favourite in many homes, there is a whole new range of textures, colours and patterns that are available in wall papers. Today, most of it is imported from countries like the UK, Germany, France, Belgium and Italy and comes in attractive stripes, checks...

Life has become really easy and comfortable in 21 st  century. Today you can sit at the corner of your home and get everything from anywhere within a click of the mouse. So is your  real estate   invest ment. You can easily hunt for home and flat on internet. Internet is a store house for information. All you must do is use it wisely and get your dream home  to live in. Do check through different real estate websites. Select a place first. This is very important, if you do not have fixed spot and you are into traveling job, you may face trouble in settling down. Therefore identifying a city or town becomes very important. Once you have fixed on the town or city, you can now search through the website and check the various real estate  projects  that town offers you. Next, plan out the design and structure of your house. For this activity also you can flip through various pages of websites and finalize on the most suitable one. Discuss with your famil...

The government is concentrating on a ‘vacant land tax’ to check large scale hoarding of land and generate revenues to facilitate suffering infrastructure sector in several cities. The Planning Commission suggested the new tax system will be based on “ready reckoner capital value” and be charged at 0.5% of the total value of the land. According to the proposal the group has suggested that government vacant land also have to be taxed. Several developers are using vacant land for tentative purposes, sources said. According to the senior official of the urban development ministry, the developers are buying land and keeping it vacant for long time till the prices are rising. The official further said that, funds through this tax system will generate the more revenue and would help to the municipal authorities to fund crumbling infrastructure Source:. http://www.accommodationtimes.com

The commissioner of Mumbai Metropolitan Region Development Authority (MMRDA) planning to introduce flexible Floor Space Index (FSI) norms to developers in order to enable them to construct with viable rental housing tenements. FSI defines the permissible built-up area on a plot. According to the commissioner of MMRDA Rahul Asthana, “usually developers found the FSI of 4 obligatory in the rental housing scheme which is not suitable in several areas. While reviewing the rental accommodation schemes Asthana spearheaded the experts panel had proposed to the state government in a bid to improve the project. The board is planning to make more flexible and effective to rental housing plan. Whereas, state government is planning to build around 5Lakh affordable rental housing units which ranges from Rs 800 and Rs 1,500 per month. “Approx 30, 000 housing units measuring 160 sq ft each are under construction, but the scheme has run into a hurdle. “Under the scheme, 15 to 20% of the units shoul...

 The city of Mumbai has a reason to smile as the Mumbai Metropolitan Region Development Authority (MMRDA) is ready with the draft development plan for 43 square kilometers of recreation and tourism zone in and around Gorai, Manori and Uttan. “The development plan has been prepared keeping the environmental and heritage sensitivities in mind. The heritage culture of the area includes age old churches, temples etc. Fishing and fishing related trade is the livelihood of the locals and that was on top priority while preparing the plan”, said Mr.Dilip Kawathkar, Joint Project Director (PR), MMRDA. The 43 square kilometer zone will provide for various environment friendly projects such as botanical garden, mangrove park besides recreational facilities. The monumental Global Pagoda will remain the key attraction for the tourists and the city people alike for its sheer size, glamour and the calming effect. The mangrove park is certain to provide vital shelter belts to protect inland homes...

An amendment in the Development Control Regulation 33 (9) pertaining to cluster redevelopment has given tenants of old, cessed buildings in the island city the right to select their own builder. However, the ultimate power to sanction such schemes still rests with the landlords as without their consent no redevelopment can take place. Last week in Nagpur, the state urban development department issued a notification amending the rules. According to the amendment, if 70% of tenants come together, they can select a developer of their choice. Once this process is done, the department would give them a letter of intent (LoI). Before this amendment, the right of selecting the developer rested only with the landlord. “It is possible that tenants would have been forced by the landlords to select the developer. The only reason to amend the existing rules was to give tenants a choice to select the developer,’’ said T C Benjamin, principal secretary, urban development. According to the ear...