5 Ways Your Home Can Make You Rich

Posted on May 14, 2013 by admin in Household tips, Real Estate | Leave a comment

Bangalore:  Money is arguably an integral part of everyone’s life. People find several ways to become rich and if you play your cards well then you can earn huge amount from your own property. House is a tangible as well as most valuable asset for an individual and there are ways with which you can earn handsome money. Check below the list of such ways.

1) If you have spare room, rent it:

            Owning a house earns big profit when it comes to real estate investment. If you have any spare room at your home, the best way to use it is by putting it on rent. Although many people do not prefer to rent their own personal home even if there are unused rooms. But to think logically and financially, empty rooms can earn good rental income. Renting a portion of the house also benefits retirees and single home owners as they can manage the house by splitting the maintenance cost and other charges along with good rental amounts.

2) Rent your parking space

            Have you ever realized that parking space which comes with your apartment can also help you to earn big amounts? If you do not require or use your parking space then you can put it on rent and can earn rental amount. Similarly, if you own a house and you are not using your parking then try this tactic it will surely help you to generate profits. Most importantly, before giving your parking for rent check the renter properly to avoid future hazards.

3) Set up your home for Home-stays

            Renting your property as a holiday home also sounds profitable. If suppose you have a second home that too in tourist destination, the best options to earn big bucks is by renting it out. Also, if the destination attracts people other than tourism purpose, such as meetings, incentives, conventions, exhibitions and others, the demand for property will be continuous in such places, which in turn will increase demand for your property as well as the rental amount.

4) Earn money from your basement

            Besides, if you are planning to buy a house, seek properties that come with spacious basements. You can use the basement for rental purpose by adding a kitchen, bathroom and a private entrance which can be done without much investment. Following this step, your tenant will get their own private space and will further help you to earn big profits from rental amount.

5) Turn into a real estate agent

            Becoming a real estate agent will also allow you to earn big in real estate market.  In today’s fast track life, people do not have enough time to sit and search for properties they going to buy and this is the time when a real estate agent acts as a savior. Agents are paid commissions when properties they have sorted out are sold and they even get handsome commissions if the real estate transaction is big.

CACTUS GARDEN FOR A SMALL HOME

Posted on May 7, 2013 by admin in Gardening | Leave a comment

Low on maintenance and high on beauty, a cactus plant can be a wonderful addition to your green space.

A beautiful landscape can do wonders to the way a home stands. Most of us think of landscaping as large gardens. There is certainly more to landscaping than just greenery everywhere. Landscaping can be done for the home whether it is an independent home or an apartment. However, there may be a requirement for a spacious terrace or a large balcony for this.
Cactus garden
One way of executing landscaping in a small space is to try and have a cactus garden. A little exotic and easy to maintain, cacti can add visual interest to a home’s landscape.
The first step in making a cactus garden is to scout a location for your garden. The optimal place for a cactus garden is a sloping area as this allows the garden bed to easily drain water out. You can still make a cactus garden if your yard is flat but this will involve more digging.

cactus-garden
Size and shape of plants
After deciding where you want your cactus garden, decide the size and shape of the plants. From short and fat to long and tall, prickly or smooth, cacti can be red, green, silver, even black, and often produce pretty flowers. Before planning your garden, be sure to choose succulents best suited to the climate. Your local nursery will be able to help you best determine what types of cacti can be grown in your garden.
Planting pattern
You can plant the cacti in square, circle, rectangle, semicircle, or triangle patterns. Then mark the border of the garden onto the ground before you begin. This will make the digging much easier. Outline the base of the mound with small tiles, rocks or other items such as branches in order to mark the edges. Ensure that the plants receive sufficient sunlight. Wherever you feel that there might be a chance of getting hurt by the thorns, lace the particular space with ornamentals or flowering plants. The immediate inside perimeter of your garden can be well-decorated with tall plants as this also works to avoid trespassers. Choose the plants such that all of them have leaves in different shapes and sizes and come in varied hues of green.

cactus-planting
Maintenance
A cactus garden requires very little maintenance. Cacti are succulents and require very little watering. In fact, most do quite well with just the occasional rainfall that prevails in their natural, warmer environments.
It is important that you allow your cactus garden to dry out completely before watering again. You are much more likely to kill your plants by over-watering than under-watering  Cacti can hurt, so keep pets and children out of your garden.

cactus-at-home
Cactus in pots
Cacti look attractive when potted. These can be easily moved and placed in balconies or terraces during summers and indoors in verandas or along windowsills during the harsh winter months.
You can use special cacti soil, but if you want to make your own it’s simple. Mix two parts regular pot soil, two parts sand, and one part gravel. To add color to your garden spread a layer of natural or colorful rocks on top of the soil and around the plants. This will not only look striking but also help prevent weeds growing and encourage the dry conditions that cacti prefer.

___
For EdificeBuilders.com

Source: Times Property

 

Show Time — EdificeBuilders in the USA

Posted on April 27, 2013 by admin in News | Leave a comment

Hi all,
After successfully doing business in Dubai & Mauritius, we are in The United States of America. Come see us at the Risa Realty India Property Show being held in USA.

The details of the show along with contact details are : 

April 27th & 28th – Hilton Garden Inn – Edison/Raritan Center, Edison, New Jersey
Contact: Ms. Smitha Singh – Direct: +1 848 250 7210 , Email: smita@edificebuilders.in

May 4th & 5th – Santa Clara Convention Center, Santa Clara, California
Contact: Ms. Neena Kumbhat – Direct: +1 408 666 2170 , Email: neena@edificebuilders.in

This link will provide a snapshot : http://edificebuilders.com/usa-mailer

–
www.EdificeBuilders.com

About Doddaballapur Road

Posted on March 25, 2013 by admin in bangalore-north, Doddaballapur Road, Location Opportunities | Leave a comment

Doddaballapur Road connets Bangalore City to Doddaballapur Town which is located outside of Bangalore but is somewhat oriented towards the northern part of the city. It is one of the towns which comes within Bangalore Rural District. In the local language, i.e, Kannada, Doddaballapur means ‘Big Ballapura‘. The area is situated 40 km north west of Bangalore.

           In the early 15th century, it was believed that one Abbas Khan received Doddaballapur as a Jahagir after being handed over to many rulers in many span of years. Finally, in 1761, Haider Ali passed the reign to Wadeyars of Mysore. The area is spread across 78760 hectares of land housing five hoblis/ cluster of villages. The five cluster of villages present are Doddabelavangala, Thubagere, Sasalu, Madure and Kasaba.

As per 2001 India census, the total population of Doddaballapura summed upto 71,509. Out of which, males formed 52% and females 48% of the population. Doddaballapura has a high literacy rate of 68%.

The nearby schools and educational institutes are NITTE International School, Ryan International School, Kendriya Vidyalaya, Vinayaka Public School and many more. The nearby hospitals are Ashwini Hospital, Malavya Hospital, Sri Maruthi Hospital, etc.

The localities in close vicinity with the area are Puttanahalli, Yelahanka, etc. It is just 20 km away from City Railway Station and 17 km from Bangalore International Airport.

The real estate scenario is booming and has set a trademark against other regions. Due to the planned peripheral ring road (PRR), the proposed Information Technology Investment Region (ITIR) and the Aerospace Park near the Airport, these areas will see an upward trend in real estate especially Doddaballapur Road.

             Few of the projects which have come up in this area with state of the art villas are more preferred than apartments.

Some of the Residential Projects at Doddaballapur Road are listed below:

Property distribution in Doddaballapur Road

*Houses data consists of independent house and row-house.

Courtesy: CommonFloor.com

ENHANCE THE QUALITY OF YOUR LIVING

Posted on March 15, 2013 by admin in Eco-friendly home | Leave a comment

“Incorporating green system in buildings enables operational efficiency.”

The environmental impact of a building’s design, construction, and operation accounts for an estimated 30 percent of India’s energy consumption. Of this, the major usage comes from heating, ventilation, air-conditioning (HVAC) and lighting. As the Indian economy develops and the construction of commercial infrastructure accelerates, it is increasingly evident that the country needs to drive robust initiatives to improve energy efficiency and sustainability. This is the reason why most developers are planning ‘green buildings’ and retrofitting existing systems in conventional buildings to make them operationally efficient.

Building owners and tenants are reminded of the high cost of energy every time they receive their monthly utility bills. Energy costs are the largest operating expenses for most commercial properties, accounting for 25-30 percent of a typical building’s annual operating budget. Reducing energy costs can have a significant impact on an owner’s bottom-lines and make commercial buildings more attractive to current and prospective tenants.

A recent study of more than 1,300 buildings by the Co Star Group found that buildings with the Energy Star label or LEED (Leadership in Energy and Environmental Design) certification not only performed better, but they also commanded premium rents, enjoyed higher occupancy rates, and sold for higher prices on the open market.

No wonder then that many developers are making green building design a centerpiece of new developments. But owners of existing buildings can also reduce costs and improve bottom-line performance by taking a green approach. By selecting and implementing the right energy conservation measures (ECMs), building owners and operators can reduce energy costs by as much as 30 percent, according to the American Society of Heating, Refrigeration and Air Conditioning Engineers (ASHRAE).

Building occupants consistently see the quickest return on investment from installing window tinting to reduce sun exposure; upgrading lighting fixtures, bulbs and controls; and installing high-efficiency HVAC and automated control systems that optimize HVAC central plant performance. But every building and operating environment is different. An ECM that might be perfect for one building and set of circumstances may be totally wrong for another. Therefore, occupants need to be wary of the ‘one-size-fits-all’ approach.

For consumers looking at green/sustainable buildings as a prospective property purchase, they should, ideally, bear in mind the following:

  • Will the facility put lesser burden on non-renewable energy to operate?
  • Will the project take fewer resources to build?
  • Will the facility have a longer life cycle without undue effort to extend its life?
  • Will the facility generate less pollution, with less damage to ecosystems?

Villa Valley by Edifice Builders

                  Selecting the proper building site that can be integrated with a sustainable building design – the location, orientation, and landscaping of a building affect the environment and energy use.

  • Optimizing energy use – it is essential to find ways to increase energy efficiency, reduce load, and utilize renewable energy resources.
  • Conserving water – a sustainable building should use water efficiently, reuse and recycle water, and reduce, treat and control site runoff. 

Using environmentally preferable products that minimize life-cycle.

At the same time, buyers need to set clear and realistic goals that include a facility with low operational energy use, utilization of renewable energy sources, and long facility life-cycle. Lastly, these buildings take into account the entire life-cycle  although, there could be slightly higher initial costs, but green designs, upgrades and operations create savings that will almost always pay for the added costs, reduce the use of other resources, and enhance productivity.

QUICK BYTES

THE ENVIRONMENTAL IMPACT OF A BUILDING’S DESIGN, CONSTRUCTION, AND OPERATION ACCOUNTS FOR AN ESTIMATED 30 PERCENT OF INDIA’S ENERGY CONSUMPTION. A RECENT STUDY REVEALED THAT ENERGY STAR LABEL AND LEED-CERTIFIED BUILDINGS PERFORMED BETTER, COMMANDED PREMIUM RENTS, ENJOYED HIGHER OCCUPANCY RATES, AND SOLD FOR HIGHER PRICES IN THE MARKET.

For a property with the above mentioned features click here.

VILLA VALLEY from EDIFICE BUILDERS

 

GUIDE TO PERSONAL TAX 2013

Posted on March 8, 2013 by admin in Tax related | Leave a comment

A brief about Personal Tax-2013:

Proposal: A tax rebate of Rs 2,000 is proposed to be allowed for taxpayers earning total income of up to Rs 5 lakh.
Impact: The basic threshold limit for tax trigger now effectively stands increased at Rs 2.2 lakh for taxpayers with income up to Rs 5 lakh. No relief for taxpayers earning total income above Rs 5 lakh.

Proposal: An additional deduction of Rs 1 lakh is proposed on interest payable by individuals taking new home loans up to Rs 25 lakh during 2013-14 for purchase of their first residential property (of a value not exceeding Rs 40 lakh). The unutilized deduction amount can be carried forward to the next year.
Impact: This additional deduction will enable tax saving up to Rs 33,990 for first-time property buyers and also encourage the home loan market. The existing deduction for bank interest (including the limit of Rs 1.5 lakh for self-occupied property) under the head ‘Income from House Property’ continues.

P: Eligibility conditions of Rajiv Gandhi Equity Savings Scheme (RGESS) are proposed to be liberalized: investment in listed equity oriented mutual funds will also qualify. The deduction shall be allowed for 3 consecutive years and lastly, the income limit for taxpayers eligible under the scheme stands increased to Rs 12 lakh from Rs 10 lakh.
I: This would make the scheme slightly more attractive for first-time investors, enabling annual tax savings of up to Rs 7,725 for three years. However, the maximum amount of deduction continues to be Rs 25,000 per year.

P: Donations made to National Children’s Fund proposed to be allowed as a 100% tax deduction.
I: This will enable taxpayers to avail 100% deduction on donations made to National Children’s Fund. This move is intended to treat the National Children’s Fund on a par with other funds of national importance, such as the PM’s National Relief Fund.

P: It is proposed that the buyer of immovable property exceeding Rs 50 lakh in value will need to deduct tax at source at 1% of the sale value.
I: While this will help bring to tax the transactions in the real estate sector, there would be an additional compliance burden for the buyer. Interestingly, there are no exceptions for individual buyers either.

P: Transfer of immovable property for inadequate consideration is proposed to be taxed in the hands of the buyer. If date of agreement is prior to the date of registration, the differential value will be computed as of the agreement date.
I: While the seller is already liable to tax on the stamp value of the property, it is now proposed to also tax the purchaser (paying insufficient consideration) to the extent of value deficiency. Certain exceptions have been carved out.

P: Return of income filed without payment of taxes payable will be considered as a ‘defective return’.
I: However, a leeway has been given to taxpayers to cure such a defect by paying the taxes within 15 days of receiving notice of defective return.

P: It is proposed to enable online/ electronic filing of wealth-tax return as well.
I: This will make filing of wealth tax returns easier.

P: It has been proposed to reduce Securities Transaction Tax (‘STT’) for certain transactions such as equity futures on recognized stock exchanges (from 0.017% to 0.01%), redemption of equity-oriented mutual fund units (from 0.25% to 0.001%) and sale of equity oriented mutual fund units on recognized stock exchanges (from 0.1% to 0.001%). STT of 0.1% levied on the purchaser of equity-oriented mutual fund units on stock exchange is also abolished.
I: This will help in reducing the costs of such transactions and give a fillip to investor sentiments.

P: It is proposed to levy Commodities transaction tax (CTT) at 0.01% on sale of non-agricultural commodity derivatives, traded in recognized associations – this is proposed to be payable by the seller.
I: This is a new levy similar to STT being levied on equity derivative transactions. This will lead to increase in transaction cost in commodity trading.

 

Courtesy: TIMES PROPERTY

Bangalore to ‘Greater Bangalore’

Posted on February 28, 2013 by admin in bangalore-north | Leave a comment

North Bangalore holds immense potential in terms of realty development. Planned well, this could very well turn into ‘Greater Bangalore’ like its counterparts – Noida, Gurgaon and Navi Mumbai.

Bangalore has developed beyond imagination. Areas such as Whitefield, Bannerghatta Road, Marathahalli once considered to be the outskirts of the city, have now joined the ranks of almost saturated zones in Bangalore. So now  when the international airport set base in Devanahalli, it was like the opening of a goodie bag in terms of potential for realty development. With development – commercial, retail as well as residential are on the rise in this area, the idea of a Greater Bangalore, on the lines of Navi Mumbai or Noida and Gurgaon is gradually taking shape.  

A look at some of the opinions on Greater Bangalore being a possibility.  

Potential yes, but infrastructure?

For the development of any area, basic infrastructural necessities continue to be water supply, connectivity in terms of roads as well as other amenities such as schools, hospitals and entertainment options. Most developers are of the opinion that North Bangalore does have the potential of becoming Greater Bangalore in the next three-five years. However, it will probably take another 10 years before this development reaches the degree of advancement currently enjoyed by Navi Mumbai and Noida. There are currently infrastructure challenges in many parts of North Bangalore, primarily related to water availability due to a lack of sufficient pipelines. Having said that, the arrival of the airport has certainly up lifted the ante in North Bangalore, with a lot of real estate growth evident in the areas along Outer Ring Road. And a slow but steady progression of this development towards the airport site at Devanahalli.

peripheral-ring-road-north-bangalore

Commercial yet to catch up: 

The residential development is far ahead of commercial here. Due to the good connectivity and infrastructure coming up in North Bangalore, handling large residential and commercial growth will not be a problem.

As far as other amenities go, BIAL has been a major driving factor for the development here. World over cities have been built around airports and Bangalore is also no exception to this. North Bangalore is very well connected today with major and wide roads leading to it. There are a lot of proposed infrastructural developments in North Bangalore in the near future like the BDA Peripheral Ring Road, the High Speed Rail Link, the elevated expressway and broadening of the Bellary Road. All these hold promise for making North Bangalore the most sought after self-sustained destination. Already, the area has good schools like Vidyashilp, DPS, Canadian International, TRIO World school and engineering colleges like VIT, MS Ramaiah etc. North Bangalore is all set to become ‘Greater Bangalore’ or ‘Hosa Bengaluru’!” 

North Bangalore’s USP

For starters, it has the international airport and as pointed out, historically cities have been built around airports. Any growth in residential segment depends on couple of factors like connectivity, commercial growth and land availability. If the basic infrastructure is taken care of, then North Bangalore will be well equipped to handle any kind of residential growth. Its biggest advantage is definitely the connectivity and the huge availability of land which is a prerequisite for any kind of development.  

Greater availability of big land parcels for the formation of large residential projects and commercial complexes is an added advantage and considerable investment value since property prices are still relatively reasonable. The arrival of the airport in North Bangalore has started to raise the stakes in property pricing, and the long-term investment potential is excellent as compared to more saturated areas. 

Development in the area is already on a high with several projects in various brackets. This has ensured that North Bangalore gets the attention it deserves in terms of infrastructure development. North Bangalore will certainly emerge as Greater Bangalore in the days to come. Developmental works such as the proposed high speed rail link till International Airport, state- of -the -art race course near Chikkajala on the way to Andhra Pradesh, several 5-star hotels in the pipeline, technical and software parks planned by the state government near Devanahalli  etc will pave the way for its development. Further the entire stretch is more conducive for residential growth as there are no industries there. Even software companies are likely to plan expansion here. To meet the water requirement in this area, the state government is contemplating channeling Hemavathy and Krishna waters to this part of Bangalore.

The stretch, especially from Hebbal to Devanahalli is seeing a lot of large scale residential real estate activity. ISKCON is planning an ISKCON City which will be a huge residential project here. 

The major advantage is that it is a “green field” development area with a clutter-free zone for a planned integrated living space. In India the biggest challenge faced is to increase the quality of living at affordable prices. Hence, areas like North Bangalore enjoy the benefit of creating better living spaces. 

REPORT CARD

 

* Scope for development: Primarily residential, with several commercial and retail prospects as well. A number of businesses may expand into this area. 

*Residential development targeted at: Middle and upper middle class, IT/ITeS and an equal importance to non-IT sector, businessmen and segment of the NRI crowd.

* ‘Greater Bangalore’ status: Three-five years depending on government’s pro-activeness in addressing infrastructural related issues. 

* Residential price bands

Average price band is between Rs 3500 – Rs 4000/- per sft for villas

The prices of luxury built up apartments are Rs 75 lakh+, prices of mid segment homes are
    Rs 50 lakh +, budget housing start at Rs. 25 lakh and villas vary from Rs 1.5 crore to  Rs 5 crore.

* Current plus points

* The International Airport at Devanahalli

* High levels of connectivity to the city

*Broad roads

*Large parcels of land

*Lower rates of pollution

*Several high profile schools, hospitals and retail outlets

*Proposed projects

Software parks by the State government
   ISKCON residential city

Block Exchange Rate in Advance

Posted on January 31, 2013 by admin in nri | 1 Comment

Dear NRIs, 

Do you know that you can actually block exchange rate in advance if you have remittances to India in future and also get a rate better than the ongoing rate for amount as low as $ 40000 or AED 145000 or Rs 20 lacs?

YES it is possible! 

NRIs have payments to India on various fronts:

• EMI for property purchase 
• Property down payment or future payment plan 
• Any other planned future remittances 

Just to give you an idea, if the ongoing USD/INR rate is 55. And if you have payment to block for the coming 3 months, you can book it today at a rate of approximately 55.80, with a deposit as low as $1200. You simply wait for your remittance date. On that day whatever may be the exchange rate, you will effectively get to transfer money at 55.80.

Is it wise to book it? 

We believe YES. 

• Though the growth of world is over subdued, Asia is comparatively better. India still is giving a growth of 5-6%
• Weak rupee is certainly supporting our software exports to US and Europe and keeping us competitive. A small pop up in growth in these countries will strengthen the rupee.
• In our view, NRIs are getting property in Indian currency at a discount of more than 10% on rupee depreciation, and if they are buying now with payment plan, it is prudent to lock in the rates.

How can you do it? 

Simply drop an email to vinit@alameenbrokers.com
or call +971505598461, +97144230797.

We will advice to best of our knowledge to hedge your risk.

2012 Newsmakers

Posted on January 25, 2013 by admin in Uncategorized | Leave a comment

2012: A year of political turmoil, sporting achievement, scientific breakthroughs, social unrest and apocalyptic predictions. Looking back over a year of headlines, Mint brings you its collection of personalities who made news over the past twelve months.

Click on the images to know more…

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LIVEMINT

Small is big: Making a room look more spacious – Edifice Builders

Posted on January 16, 2013 by admin in Interiors | 3 Comments

There is usually that one room in your home which looks small and always seems cluttered with things. Try as you may the room remains to look cramped and stuffy. You must have be given tips to put up a mirror in the room to make it look bigger, but this actually makes it look worse because the mirror reflects every single object in the room. Here we give you some practical tips to make a small room look bigger.

One of the best and easiest ways to do this is by choosing a light colour scheme for the room rather than a bright or dark theme. Pastel shades, whites and neutral light colours are suitable. To complement these light shades you can also try and implement a monochromatic colour scheme for furniture, carpets and curtains. You can do this by selecting different textures and designs of the same colour to use on different surfaces.

http://farm2.staticflickr.com/1174/4724268948_f93c2cb404.jpg

You might have heard this suggestion before: lighting is a key aspect of making a space look bigger. Recessed spot lighting is visually appealing and is perfect for a small space. A torchiere light is great for bouncing light off of the ceiling and back down on the room. Skylights and solar tubes are natural alternatives for adding light to a room. Skylights also add to the aesthetics of a room, especially if it is a small bedroom.

Another simple way to make a room look more spacious is remove unnecessary accessories in the room. Try and accessorize to the bare minimum in small rooms, otherwise the clutter itself takes up more space. What you can do is add one large painting on one of the walls instead of a cluster of small paintings or pictures.

To make a room look bigger you should also have larger tiles. The larger the tile or pattern on the floor the larger the room will look. Most homes have small powder rooms nowadays, and even these small spaces can benefit from this tile trick.

Edifice Builders can do all this and more to make your house look more spacious. Do have a look at our website for more information on our projects and designs http://www.edificebuilders.com/

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