Courtyards: The Soul of Traditional Indian Architecture

Courtyards are to traditional Indian homes what a soul is to a human body. An inseparable part of our olden homes, a courtyard goes by many names and boasts of many benefits. Although, dryly described as an enclosed space which is open to the sky and surrounded by a structure, when we ponder upon Indian architecture, we find a courtyard is really a world of its own within a home.

Starting out around 6500-6000 BC in the era of the Indus Valley Civilization, Indian courtyards have surely come a long way. Molded in accordance to its locale’s climate and culture, the mythology of a courtyard changes as it travels across India. Below we briefly discuss various aspects of Indian courtyards and their impact on our homes.

Courtyards: The Soul of Traditional Indian Architecture

Courtyards: The Soul of Traditional Indian Architecture

A Cultural Place

To list, Britain, Egypt, China, Iran, Spain, Italy, Russia, Japan and India is to name just a few countries where traditional homes have courtyards. It seems courtyards are in the human civilization’s DNA and they have evolved uniquely the world over by absorbing the defining qualities of their regions. By putting the traditional Indian courtyards in the spotlight, we discover that they have performed many different roles in our residences such as being the home of the sacred Tulsi (Basil) and a place of worship, to being a venue for a family marriage, gathering or a festival, to being a site for a Havan (offering prayers to God in front of fire) and other rituals, to being a setting for a beautiful garden and home-grown fruits and vegetables etc. [Read more…]

Explaining Tax Gains from Different Property Deals

Over the years, real estate has grown as a preferred investment option. Some have inherited the property from their ancestors, while others buy and sell real estate- but when it is sold, the motive in both cases is to earn capital gains. However, irrespective of how you have acquired theproperty, when you earn capital gains, the Income Tax Act has its eyes on you.

Explaining Tax Gains from Different Property Deals

Explaining Tax Gains from Different Property Deals

So, let’s talk about different real estate transactions and the types of tax implications they entail-

Properties Inherited or Gifted

When you sell your ancestral property or one that is gifted to you by someone, you will obviously incur capital gains/loss which will be taxed, even though you might not have spent a penny on acquiring it. In case of gifts, the cost to the previous owner indexed to the year of purchase will be used as the acquisition cost of the property. [Read more…]

This Holi, Give Your Home A Colorful Décor

Holi is a big Indian festival. Transcending the boundaries of culture and religion, every year Holi unites us with our family and friends and enables us to celebrate the joys of life with full fervor. Also, Holi marks the end of winters and the beginning of spring, a reason to rejoice in its own regard for our agrarian society. As it is during all our festivals, we decorate our homes and make them a part of our celebrations too.

This Holi, Give Your Home A Colorful Décor

This Holi, Give Your Home A Colorful Décor

Below are a few tips on decorating your home this time in the colorful festival of Holi:

Embellish your Walls

This Holi, do not wait for that time of the year when you get your home painted and instead go DIY (Do it yourself!) right now by drenching your home’s walls in exuberant colors. Not only that, this time you can also try color-blocking your home’s walls by choosing two colors and painting the wall with them in a pre-decided unique pattern to give the wall an innovative mix. Moreover, the walls can also be decorated with wall-hangings, paintings, floral wall papers, framed pictures and fashioned patterns to elevate their festive factor up by quite a few notches. [Read more…]

Smart Shelving Ideas for Your Living Room

Does your living room need an overhaul? Have you lost that loving feeling for your living room? Chances are it does not have enough storage space. Keep your living room clutter free with storage that is handsome and handy. Some of the ideas below will help you to get that relaxing vibe again and help you remove or organize the unappealing clutter.

Smart Shelving Ideas for Your Living Room

Smart Shelving Ideas for Your Living Room

Fill a wall with shelves

Smart shelves provide a combination of storage space for DVDs and books, as well as surfaces that can be used to display photographs and accessories. Breaking shelves into areas makes sure that they don’t overwhelm the space. Paint the back of a shelving unit in a bright stand-out color so that your wall of books becomes the focal point of your living room. [Read more…]

Co-signing a Home Loan? Here’s All You Need to Know

Home is really big ticket item for a middle class individual as it entails several financial commitments. Mortgage loan, or simply a home loan, is also a huge commitment and involves a whole bunch of paperwork. But the most important thing is the income and credit score after which you qualify for a loan. For those who have an income lower than the eligibility levels, the banks also give the opportunity of inviting co-borrowers into your loan.

Co-signing a Home Loan? Here's All You Need to Know

Co-signing a Home Loan? Here’s All You Need to Know

Now, if you have been asked by a close friend or a relative to be a co-signer for his home loan, do not just jump into the deal. You might completely trust your friend, but you should not forget that it’s a dog eat dog world. So before you agree, here are a few facts related to co-signing that you must consider-

Responsibility Comes With Risks

Co-signing a home loan is not just a goodwill exercise that you can do for your friends. It puts on you as much responsibilities as the primary borrower himself. If the primary borrower fails to make the payment or if anything else goes wrong, you will be held equally responsible. The proceedings and payments of this loan will also have direct impact on your credit score. [Read more…]

The Perfect Nursery for Your Toddler

The decisions that come with having a baby and raising a tiny human being are endless. And also can be quiet daunting. Designing your little one’s nursery can actually be fun. The most important thing that you can do in creating this space is to design a nursery that will bring a smile to your face and help you relax and enjoy. After all, you are going to spend a lot of time in the room.

The Perfect Nursery for Your Toddler

The Perfect Nursery for Your Toddler

Here are a few ideas to set up a beautiful nursery for your growing kid-

Opt for neutral wall colors– Gone are the days when pink was the color for girls and blue for boys. Give your child the space to grow up in a world without any preconceived notions and limitations about gender. Instead use colors in accent pieces such as toys, pictures and rugs to add that vibrant color touch. Natural shades and soft colors affect your mood and will give your child a lot of space to work with accessories of different colors. [Read more…]

Is Wallpaper Right for Your Home?

A fresh paintjob of your home, within a year or two, has been a staple of Indian homes since ages. Each year, mainly during Diwali, the advertisement channels go berserk in reminding us to get our home repainted with the newest and finest paint out there. Taking note of its importance, repainting a home seems to be a tradition of its own in India. However, modern times are painting a new picture on this canvas for Indian households through the painting alternative, wallpaper.

Is Wallpaper Right for Your Home?

Is Wallpaper Right for Your Home?

Wallpapering homes has been long done in other parts of the world and is now a rapidly growing trend in India. And so, before plunging our walls into the world of wallpapers, it would be nice to go through its various aspects first and then decide for ourselves. [Read more…]

How GST Road Transforms Chennai Real Estate?

Grand Southern Trunk Road (GST) is one of the three most important roads in Chennai, others being Old Mahabalipuram Road [OMR], and East Coast Road [ECR]. It starts from Guindy and extends up to Chengalpattu and beyond. Part of it falls under Chennai Municipal Corporation while most of it remains outside its purview. This road touches quite a few major localities likeAllandur, Nanganallur, Pallavaram, Chengalpattu etc.

How GST Road Transforms Chennai Real Estate?

How GST Road Transforms Chennai Real Estate?

GST Road not only has a presence of commercial and residential zones along its stretch but also connects Chennai International Airport giving it an edge over ECR and OMR Real Estate Investment. Chennai is mostly a market for end users, and GST road is the hotspot for real estate development and investment. This area is developing rapidly and has been labeled as a growth corridor of Chennai. There has been a rapid development of IT/ITeS industries along this corridor. This, in turn, has facilitated growth of residential sectors in this area. [Read more…]

How Digitalization Paves the Way for Overall Growth of Indian Economy

India is chalking out its own growth strategy driven by digitalization, connectivity, cash -less/paper-less economy, and start-up innovation ecosystem. Indian economic growth will be driven by the rising tech adoption.

Smart phones penetration is rising in the country with 700 million users expected by 2020; we will have 331 million internet users by 2020. With Aadhaar UID, 1 billion users can authenticate 100 transactions per day in real time. India Stack is a complete set of APIs for developers which include Aadhaar for authentication, e-KYC, and e-sign amongst others. All these will propel technological disruption, digital connectivity, growth of tech start-ups in order to achieve the said vision of Digital India.

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Technology will allow businesses to transact easily and efficiently, and thus contribute faster to economy growth. Launch of new devices that feature iris scanner that is Aadhaar and STQC certified, will enable cashless and paperless services for banking, passport, taxation, etc. All these, along with Immediate Payment Service, Unified Payments Interface, micro ATMs, m-POS and financial inclusion programs by the Government (such as Pradhan Mantri Jan-Dhan Yojana), will aggressively pave the way for digital payments in India. [Read more…]

The Complete Guide to Home Loan Process in India

Buying a home has become a lot easier than it was a decade ago. Areas that were unaffordable for a mid-segment homebuyer now host a multitude of affordable housing options. The government has also announced several initiatives to make dream home a reality, especially for the middle class buyers.

A majority of the homebuyers seek home loans to fund their purchase which is why the government has also taken initiatives for reducing interest rates on home loans. The recent announcement of new income slabs for home loan interest subsidy has made dream homes 2.4 lacs cheaper.

The Complete Guide to Home Loan Process in India

The Complete Guide to Home Loan Process in India

So this is the perfect time to buy your dream home. However, as a smart buyer, you should be well versed with the complete home loan procedure to get a better understanding.

Step 1- Home Loan Application

The procedure begins when you send a formal home loan application to the bank. Bank will ask for your personal details in order to scrutinize your financial standing and loan eligibility. For this, you will have to submit a set of documents including identity proof, age proof, address proof, income proof, employment details, details of existing properties, etc. [Read more…]