Brace yourself for a windfall, if you have invested in Yamuna Expressway

In the next five years, prepare yourself to make massive gains, if you have invested in any upcoming project, along Yamuna Expressway.

The second airport in the Jewar in Greater Noida is expected to be operational in the next five to six years at a whopping investment of about Rs 20,000 crore.

Expected to cater to some 30-50 million passengers per year over the next 10-15 years, the international airport that has alrady received a nod of approval from the Aviation Ministry is coming up on about 3,000 hectares of a sprawling, lush green belt. The first phase of the much-awaited project, to be developed over 1000 hectares of notified land, will undoubtedly revive the Greater Noida realty market, and be a shot in the arm of all the stakeholders there – the developers, realtors, estate agents, residents, hoteliers, retailors, you name it.

Brace yourself for a windfall, if you have invested in Yamuna Expressway

Brace yourself for a windfall, if you have invested in Yamuna Expressway

Before the Centre gave its approval to the project, developers had begun to get restless and were thinking of exiting from the project and surrendering the land back to the authority, when the glad tidings came, and the present sentiment is bullish among builders, to say the least.
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Will the change in Delhi’s Land Pooling Policy affect NCR’s realty market?

For starters, let’s understand what does Land Pooling Policy mean?

How does it impact property buying and selling?

Should you invest in a property or in a pooled land?

And, most important, what is the current policy status?

These queries are likely to be raised by investors interested in buying a property in Delhi’s National Capital Territory.

Land Pooling comes into effect when small chunks of land are owned by group of owners who assemble for the development of infrastructure as per the provisions of the Delhi Development Act 1957.

After the development work is complete, the Land Pooling agency redistributes the land among the title holders (land owners) after deducting the cost of the infrastructure development. This is done to attract and infuse private capital into the under-developed housing sector in a city’s outskirts, and reduce the pressure on the land that is already saturated.

Will Delhi's Land Pooling Policy change NCR's Realty

Will Delhi’s Land Pooling Policy change NCR’s Realty

What’s in it for the buyers?

Under the law, while land owners offering between 2 and 20 hectare of land for development are entitled to receive at least 40 percent of their land back, after the development work is complete, those who give up the maximum (20 hectare) stand to gain 60 percent of their pooled land back once the work on the infrastructure (roads, drainage system, electricity poles etc.) development is complete. The remaining is claimed by the Delhi Development Authority (DDA) and subsumed under the Master Plan 2021. The changes clearly spell out the new land use policy – about 55 per cent for residential construction, five percent for commercial/industrial and 20 percent for open, green areas, and the rest would be reserved for common public facilities, such as educational institutes, hospitals, police and fire stations etc.

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This Independence Day, Seek Freedom From Your Landlord’s Tyranny

Sudhir, a Noida-based art director with an advertising company has been toying with the idea of buying his own house for a long time now. He and wife, both working with multinational companies have been staying a plush, apartment on lease for the past three years and now when Sudha is expecting to be a mother in a couple of months, they want their child to arrive in their new home.

Since both are earning, and earning well, putting down a deposit on their own dream house is not a pipe dream for the young couple. They have already figured out how they are going to manage it. One’s salary will pay the equated monthly installments (EMI) on the home loan, while the spouse’s salary will take care of their other monthly expenses. Both realize that the time to invest in a good property is now, because they get burdened with child care expenses, schooling fee etc.

This Independence Day, Seek Freedom From Your Landlord’s Tyranny

This Independence Day, Seek Freedom From Your Landlord’s Tyranny

Basically, we want freedom from the hassle of paying rent every month,” quips Sudha. “…And we are mighty kicked with the idea of booking our pad on August 15, the Independence Day. For us, it would mean freedom from our landlord’s tyranny,” she jibes.

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What better day to celebrate the acquisition of a new home or office than Krishna Janamashtmi?

Janmashtami is celebrated with full verve and vigor, among devout Hindus, across India. It marks the birth anniversary of Lord Krishna, who is worshiped as an incarnation of Lord Vishnu, or the supreme creator in the Hindu mythology and belief system.

It’s also considered an auspicious time to make life-transforming decisions, such as the purchase or movement into a new home, or a new business establishment. It’s believed that the business will flourish and there will be lots of happiness and prosperity in the house if an important decision regarding a home of an office is taken on Janamashtmi.

Time for a new beginning! Krishna Janamashtmi

Time for a new beginning! Krishna Janamashtmi

Buying a first, or even a second home, or a place from where you conduct your business or work, could easily be counted as amongst the few important decisions that you make in your life. The way you want to live your life, who do you want to interact with, what do you want to be surrounded with, and how do you want to spend the rest of your time – everything is contingent on the physical properties of the residential or commercial/retail property that you eventually choose to invest in.

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10 Best places in Mumbai to buy a Home

Mumbai or Bombay, as some sentimental people prefer to call it, once an archipelago of seven islands, is today a thriving metropolitan and the financial capital of India. It is a city bursting at the seams, what with thousands thronging to it, hoping the magic of the city rubs off on them too. Space has always been a constraint here because of which the city has grown vertically rather than horizontally. Mumbai has certain residential areas which are real estate gold as far as their value is concerned.

While most people in Mumbai choose a home which is closer to their work place, there are others who don’t mind a long daily commute as long as they get to stay in the area of their choice. Here’s a list of 10 areas in Mumbai which are an ideal place to own a home in –

10 Best places in Mumbai to buy a Home

10 Best places in Mumbai to buy a Home

  1. So-Bo (South Bombay): Another old colloquial term for South Bombay is Town. Areas such as Cuffe Parade, Altamount Road, Neapensea Road, Malabar Hill etc. are its part. These are super- posh, exclusive and extremely expensive areas of the city. Some of Mumbai’s biggest movers and shakers happen to live in these areas (the Ambanis’, the Godrejs’ and the Tatas’ to name a few). The property prices in South Bombay are sky high and many people choose to live on rent here.

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How to make your Small Living Room Perfect

Even if a room is small, it can still aim for perfection. With much overcrowding in metro cities nowadays, the sizes of our living spaces are decreasing. With such constraints, the main problem is how to overcome the limitation of a small space and stay up to date with the modern home décor and design trends.

Usually a home’s most spacious room, its living room, if small, goes under the knife often and thus becomes irregular and asymmetrical. However, it doesn’t have to be like that if you take the below suggestions:

How to make your Small Living Room Perfect

How to make your Small Living Room Perfect

  • Euro Touch: Give your living room a characteristic European look by adorning it with tropes and themes from the cold continent. Just like Europe, divide your living room in parts giving each of the areas a distinct touch and a unique feel while binding them with a common motif. Be it a Russian leather sofa or a French Wine cabinet, the European living room theme brings an undeniably diverse composition to your living room as you have an entire continent to borrow from. Moreover, the visitors to your home will always be pleasantly amused by your living room and indulge in its uncharacteristic atmosphere. Such living rooms can always have numerous memorabilia and souvenir additions to constantly remain fresh and thus, perfect.

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How is your Home Loan Interest Rate Decided

With reasonably-priced apartments, land-pooling and public and private housing and loan incentive schemes, the Home Loan Market is growing rapidly in our country. Home Loans interest rates this year are at their lowest of the last six years. The Loan Interest Rate which is the cost of borrowing money (to be repaid by the borrower to the lender) is decided by lenders after considering several factors. Let’s go through them below for a comprehensive understanding of the subject:

How is your Home Loan Interest Rate Decided

How is your Home Loan Interest Rate Decided

  • Repo Rate: Repo rate (RR) is a method used by the Reserve Bank of India to control inflation. It is the rate at which the Reserve Bank of India lends money to banks if the banks have a deficit. When the RBI changes the Repo Rate, interest rates on all banking products including home loans are affected.

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How to make your Room’s Decor Attractive

Ever wondered why some homes look so inviting and appealing while others in spite of expensive furniture and amenities leave you stone-cold. There’s nothing like coming back to a warm, welcoming and visually-appealing home after a long and tiring day. People often feel that changing the look of their home to give it an attractive, cozy and inviting look is a tedious and expensive task. Well, it need not be so. The trick is to know what to change and how to change it.

How to make your Room’s Decor Attractive

How to make your Room’s Decor Attractive

This season, the focus is as much on texture as it is on color and design. Texture has that unique ability which allows you to imagine how the object/fabric would feel without requiring you to actually touch it. For example, when you see a chrome-plated kitchen top, you know that the surface will feel smooth and cold if you touch it.

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How to go Big with your Small Balcony

In the era of Affordable Housing, you have got to make do with a reasonably-sized home which has a small balcony. However, owning a small balcony doesn’t necessarily mean that you can’t make it feel big. Here are some ways to turn your tiny balcony into a massive affair –

How to go Big with your Small Balcony

How to go Big with your Small Balcony

  • Vertical it goes: A small balcony’s limited horizontal space binds you from giving it wings. The plants and vegetation which you always wanted in the balcony can’t spread its legs fully on the ground. There’s an easy fix, go vertical! Going vertical means that the exuberant greens can increase the grace of the balcony walls. These plant hangers and shelves can also occupy the ceiling space or be a charm near the light fixture.

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