PROPERTY MATTERS..............by Tara Kaul

30-floor hotel in record time

China firm Broad group, a construction company which specialises in sustainable architecture build a 30-floor hotel in record time of 15 days. The 183,000 sq ft Ark Hotel can withstand a magnitude 9 quake. Not a single worker was injured in the construction and no one worked overnight. 

93,000 homes in Mumbai

Around 93,000 homes in Mumbai await buyers. Unsold housing stock in Mumbai has crossed the 100 million sq ft mark, the highest ever in a city, with people anxiously looking for homes. But prices haven't dropped yet and experts say its only a matter of time.

Commercial Space

As per a recent report, Commercial space demand in India to touch 160 million square feet by 2014.

Mumbai's residential market facing slow down 

According to a report, higher prices, lack of liquidity and scams diluting investor sentiment have caused the slowdown.

Mick Jagger's daughter to design Goregaon flats

Sources says Jagger has been signed on by Lodha Group for upcoming project along the Western Express Highway called Fiorenza, the developer is said to have roped in London-based Yoo Designed Studio that has celebrated designers like John Hitchcox and Phillipe Starck apart from Jagger has partners.

Dharavi redevelopment Rs 22000- cr jackpot 

Maharashtra Govt is to rope in private builders and ask for hefty premium on commercial exploitation of land in Dharavi, the biggest slum and Asia's largest shanty town.

FSI trouble for tower opposite Big B's house 

Officials of K (west) ward in Mumbai issued notices to some residents of Pinnacle of Dreams at Juhu, who have flouted original building plans and converted parking areas into lounges. Actress Shilpa Shetty owns a flat in the building.

Real Estates drops in Mumbai

Mumbai real estate is hot property. However, in the last quarter, sales have dipped so low that builders are getting worried. Some new projects sold only 5 units last quarter, rest sold one or none at all. Experts are hinting at correction in prices which had gone sky high. Liases Foras, a property research firm, reports that less than 4 million sq ft of new residential space was sold every month between Oct and Dec 2010.

Mumbai plans world's tallest apartment block

The tower would be designed by New York-based Pei Cobb Freed and 

Partners and would be 117 storeys high

Mumbai: An Indian property group unveiled plans to build the world's tallest purely residential tower in Mumbai, the country's booming financial capital.

Lodha Developers said the tower would be 117 storeys high and would be designed by New York-based Pei Cobb Freed and Partners, the architects of the Louvre Pyramid in Paris and the Bank of China building in Hong Kong.

Hilton takes over Meridian in Mumbai

The Hilton group made its first foray into the city, took over the management of the Starwood property La Meridian earlier this month. Has renamed Hilton Mumbai International Airport. The Mumbai property is Hilton Worldwide's third in India. The other two being Hilton New Delhi  Janakpuri and Hilton Garden Inn New Delhi  Saket. For the Mumbai venture, Hilton has partnered with DB Hospitality, part of the real estate development company DB group.  

Panvel emerges has new Hsg destination

Panvel, near Mumbai is now emerging as a new housing location. Besides being ideal for affordable housing with convenient connectivity to Navi Mumbai CBD. Panvel is also the epicenter of a new residential area that stretches from Karjat through Panvel to Alibaug.    

Home Loan Floating Interest Rates as on Jan, 2011

PROPERTY NEWS

Ghatkopar Society 1st to get deemed conveyance 

A Ghatkopar Society is the first in the state to receive deemed conveyance under the new rules enforced by the state. A conveyance deed is the document that conveys the title of ownership of a property from the original owners to the ultimate purchaser. 

PAL-Peugeot land fetches Rs 601cr

The land rates are becoming more realistic, a 135-acre plot that belonged to the defunct PAL-Peugeot auto company in Dombovili has been auctioned off to Metropolitan Infra Housing Pvt Ltd (a subsidiary of Gammon India) for Rs 601 crore.

Real Estate City

BMRDA approved luxurious villas & villa plots. Near Electronic city Bangalore, No pre-EMI scheme from HDFC Bank. Mega residential project at Rs. 450 per sq ft with world class amenities. NBR Green Valley well furnished with landscape gardens and diverse amenities connects the International airport road and close by SEZ and IT parks with enormous facilities around the housing project.

Development rights of RIL's BKC plot sold for Rs 1100 crores

Reliance Ind Ltd  (RIL) has sold development rights of its 10,300 sq mt plot at Bandra Kurla Complex to realty major Wadhwa Developers for Rs 1,100 crore. The agreement between the 2 groups was signed a few days ago. RIL will retained 30% stake in the project. The project will be ready in 18 months according to Vijay Wadhwa Chairmen Wadhwa group. In 3 weeks, Wadhwa developers will start work on the 10,300 sq mt area brought by RIL for Rs 918 crore in 2007.

Builder dictates 

Developer of under-construction 60-crore flats at Walkeshwar, Mumbai won't even entertain purchase request from non-vegetarians. The 43-storey under construction Vandan located close to the sylvan Raj Bhavan comprises 7,900 sq ft luxury apartment pegged at Rs 60-crore-a-piece. The project, developed by Satellite developers, owned by Kalpana Shah of Tao Art gallery was started in 2005.

Godrej's big plans for Bangalore

Godrej properties is making a massive Rs 2000- crore play in Bangalore's real estate market. It's cementing plans to construct close to 30-million sq ft of residential space over the next 5 years. 

Iconic Wadala Tower scaled down

The iconic tower planned for Mumbai city, which had one time promised to be the world's third tallest building - behind the Burj Dubai and the under construction Freedom Tower in New York - will now be nowhere near these global landmarks. In fact the MMRDA had earlier scaled back the plans for the tower in Wadala from 101 storeys (536 to 531m) to 85 to 89 storeys (430 to 460m)

Worli flat sold for Rs 1.03 lakhs per sq ft

It's billed the record-deal in the country. A 3,600 sq ft flat in luxurious, sea-facing Samudra Mahal at Worli has just been sold for a whopping Rs 1,03,000 per sq ft, breaking the earlier record of Rs 97,000 per sq ft notched up for a flat at NCPA Apartments, Nariman Point.

Walkeshwar's tallest buiding in trouble.

The 32-storey building being built by the Filmaker's company is in trouble over an alleged breach of the Coastal Regulatory Zone Notification. According to an affidavit by the Maharashtra Coastal Zone Management Authority, Bharat Shah's firm Layers Export Corporation which is building 'Legend' did not submit its plans to the authorities.

SBI hikes home loan rates

Although SBI has decided  to continue with its teaser rate 8 per cent for home loans for the first year, it has hiked the rates for the subsequent years. 

275-meter tower in Mumbai

A 275-meter tower is to come up at Prabahdevi. The tower, which will be as high as Eiffel Tower's highest observation deck will have flats worth Rs 50 crore with individual parking space and a mini golf range.

Service Tax on Construction may hit realty

Levy on under-construction projects may force buyers to shell out more to acquire property. A service tax of 10% will be imposed on 33% of the price of the apartment, while no tax will be levied on the remaining 67%.

103-storey India Tower

The 5-star hotel-cum-service apartment coming up at Charni Road, is set to be the city's tallest building, that will have an FSI of 6.29 under supreme court directions. 

Mumbai's biggest land deal

The largest land transaction in the city in over a year was finally concluded. Mumbai-based developer Wadhava Group has bought the 18.18 acre Ghatkopar plot belonging to the Hindustan Compositer Ltd. (HCL) for Rs 571 crore.

New Property Tax Structure for Mumbai, from Oct

The Civic body's plan to change the property tax structure got a nod from the general body of elected representatives. From the current rateable value system of calculation, the property tax structure will be changed to a capital value system. The new system will be applicable from October. The data required to calculate include the value is still  to be compiled. Accordingly, those living in the island city will pay twice as much the property tax they currently pay. Suburbanites, on the other hand will pay lesser - about 70-75% of what they pay now.

Civic sources said commercial properties in the island city would have to pay thrice as much as the extant amount.    

The Council on Tall Buildings & Urban Habitats World Conference 

takes place in Mumbai in February 2010.

Benefits of Green Building includes 40-50% energy savings and 30-40% potable water savings.

Housing Societies need not pay tax on transfer fees

The Bombay High Court has ruled that Housing Societies need not pay income tax on transfer fees 'as long as there is no taint of commercialism to their operation.'

LIC HF reverse mortgage awaits insurance tie-up

State-owned home finance company, LIC HF is awaiting the National Housing Bank's tie-up with insurance companies before launching its reverse mortgage scheme for senior citizens. The National Housing Bank is tying up with insurance companies, including LIC, for restructuring of reverse mortgage. Reverse mortgage is a financial product that enables senior citizens (60-plus) who own a house to mortgage their property with a lender and convert a part of the home equity into tax-free income without having to sell the house.

Sahara City Homes in 217 cities

Sahara City Homes Townships are planned in 217 cities.

Phase -1 Townships : People can start living in Sahara City Homes from 2007.

Plan for Phase -2 Townships : The purchase of land for 115 cities forming part of the second phase of the Sahara City Homes Townships is in active progress and they expect to find almost all the locations very shortly. Completion between the 2 phases shall have a maximum difference of 18 to 24 months.

 

Buildings around the world
	Robot Building The Bank of Asia is a very famous building in Bangkok . It was made way back in 1985, and it's robotic appearance is just a symbol of the modernization of banking. It also has the ability to transform into a mega-robot. So, if Godzilla ever decided to show his green face in the land of Bangkok , they would have to fight!

Classifieds ...Homes, Business Premises, Property, Consultants, Suppliers

Accomodation available

#I have a flat in Mylapore, planning to dispose off.

The details of the Flat are: 550 Sft, 2 BHK, 2nd Floor, No Lift, 2 Wheeler

parking, Self Occupied and the age of the flat is 17 years. Those who are

interested may Contact Ravindran on my mobile number 9444052187.

#Flat for SALE @ AMBATTUR, Venkatapuram. 928 Sq.ft, First Floor, 2 BHK, Balcony for 1 bedroom and Bath attached in both the bedrooms, Wooden Covered Wardrobes done, Inverter wiring done, Grill Coverage done for balcony and verandha, 3 Phase Power with change over facility, potable copious water, Situated 0.5 KM from Railway Station and O.T. Bus Stand. Those who are interested may contact me for further discussion and inspectoin of the flat. Srinivasan +918148057058.

#Two bed room independent house with car parking, open space at Bagyalakshmi nagar Madambakkam is available for rent at Rs.8500/- (negotiable). nearer to Bharat Engineering College (1.2 km). Suitable for students too. Vegetarians only. Contact - 9840878876, 9445615176, 22295176

email : sethulakshmi1955@gmail.com

Home Facts

*Carpet area: Actual area you can use within the four walls in your house.

*Built-up area: Area covered by entire apartment including internal walls, partition and enclosed balconies.

*Super built-up area: Your apartment plus your share of common areas like lobby, lift and staircase.

*Usable carpet area: area such as sundecks and flower beds, dry balconies which are part of FSI free area for the ornamental projections.

*The last date for holding the Annual General Meeting is August 14.

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NEW PROJECTS

Amrapali Has Launched a new project of Affordable Homes at Noida Extension,
2/3/4 BHK Apartments At affordable prices,
Starting From 14.6 Lac Onwards, With A unique concept of Terrace Lawn on Every Floor.
For Prime Location Allotments, Contact:Gaurav.

AKSHAR DEVELOPERS (Mumbai-based) are offering the Pre-Launch Booking Opportunity of the most Luxurious Project of Pune at Hadapsar.

Location:  Hadapsar the happening spot in the Eastern Suburb of Pune City, well-known for two SEZs Magarpatta city and Fursungi IT Park. Adjacent to Amanora Park and DSK Sundarban project and Suzlon factory.

Existing infrastructure and Companies nearby :

Accessible through Sholapur Highway  via Mundhwa Road.

6 Kms from Pune International Airport. 6Kms from Koregaon Park

4 Kms from Westin Hotel 

Global leaders like  Amdocs, John Deere, Accenture, EXL, IBM, TCS, Aviva, Honeywell and Zensar are a few among many IT companies operating close to the site in Hadapsar.

Many more big real estate projects and infrastructure facilities are coming up in the vicinity. 

Emerging Opportunities around:

A 10 lakh Square Feet mall coming up adjacent to the project,

The 'Hadapsar' Railway Station on Pune Bangalore line coming up within 2 Kms from the site,

A 5 Star Hotel Coming up nearby, wide D P Roads connecting the Sholapur Highway and Mundhwa Road are under construction.

Major international companies starting their Office Complexes within 2 Kms from the site.

Many high end and popular International Brands have already acquired space near the project.

PROJECT HIGHLIGHTS :

The grand exclusive Ground + 12 Residential cum commercial Project adjacent to Amanora Park with Exquisite Star Class Amenities like Swimming Pool and Kids Pool, Library & Study Area, Banquet & Community Hall, Children's Game Room & Activities Area, Fully Loaded A/C Gymnasium with Health Club, Steam Room, Landscaped Garden, Jogging Track, Senior Citizen's Sit Out Area, Fully Furnished Guest House for the Flat-owners' Guests and many more to ensure that you feel relaxed and energetic  throughout the day.

excellent quality construction and internal amenities like Italian Marble, Modular Kitchen etc. adhering to the Premium  'Akahar Standard'.

Flat Sizes: 2BHK, 1575 & 1580 Sq feet and 3BHK, 2368 / 2586 Sq feet with Waiting Lobby, Servant Room, Private Lift, Walk-in Wadrobe, Wide Open Deck Area and Super Premium Elevation@ Pre-Launch rate of  Rs 4500/Sq feet for a limited number of flats .

Status Of The Project:

Booking in Progress. Site Office to start soon and construction to begin in February' 2011.

We are also Booking " ELEMENTA " a 27 Acres Ground + 12 all amenities Project in WAKAD touching MUMBAI PUNE EXPRESSWAY @ Rs 3411/Sq Feet. Sample Flat and plinth ready.

Please contact Aksar Developers for booking.

Project Amenities

External Features :

·          Earthquake resistant RCC framed structure.

·          Beautiful elevation of building.

·          Exquisite entrances and floor lobbies.

·          Entrance foyer - Italian marble and granite cladded designer's entrance foyer.

·         Quality checkered tile flooring in compound.

·         2 high speed automatic lifts in each wing.

·         Standby generator for lift and common lighting.

·         Special water proofing treatment by reputed firms.

·         Pure Acrylic external paint.

·         Designer lift lobby on all floors.

·         Furnished office for Society Maintenance Affairs.

·         Letter Box for each member at Ground Floor/Stilt Area.

·         Decorative railing for staircase & compound.

·         Fire extinguishers at strategic locations like electric room, lift room & security post.

·         Pre & Post Construction Pest Control.

·         Decorative lighting fixture on terrace & on gateposts.

·         Decorative fencing with decorative lighting around the plot.

·         Decorative Main Gate (as per the elevation of the building).

Internal Features :

Flooring -

·         Italian (composite) &  flooring in living room, bed room & Kitchen.

·         Designer ceramic finish in all terrace flooring.

Kitchen -

·         Marbonite Vitrified  Flooring in Kitchen

·         Granite Kitchen Platform with service Platform.

·         Branded Stainless Steel Sink.

·         Modular Kitchen with full height glazed tiles.

·         Elegant counter wash basin for dinning area. (Subject to feasibility in the floor Plan).

·         Space ear-marked for washing machine & wash basin.

Toilets -

·          Spartex / glazed tiles in flooring & full height glazed wall tiles.

·         Premium fittings and hot water geyser in all attached bathrooms.

·         Provision of exhaust fans, non-wood FRP doors, concealed plumbing.

·         Chromium plated towel rods and elegant counter wash basin in attached bathrooms.

·         Louverd Glass Window in anodized Aluminium frame.

Doors & Windows -

·          Paneled main door.

·         All internal doors are commercial veneer finished flush doors.

·         Anodized coated heavy section aluminium sliding on granite sills with tinted glass.

·         One panel of mosquito preventive net in all windows.

·         Every window shall be provided with Chajja & Railings (as per the elevation of the building).

Walls & Paint -

·          Internal walls with POP finish & ceiling with cornices.

·         Velvet paints of premium quality on interior walls.

·          External walls painted with good quality acrylic Textured.

Electrification -

·          Branded Air-Condition in master Bedrooms

·          Concealed copper wiring with adequate points for AC, Refrigerator, Geyser, Washing machine, TV/cable, Telephone etc.

·          Concealed copper wiring with modular switches.

·         1/3 phase electricity connection (as per the size of the Flat) to every flat with circuit breaker ELCB.

Plumbing -

·         Concealed piping system in kitchen and all toilets.

·         First quality CP fittings of reputed make like Jacquar, Marc etc.

Security -

·         Video door Intercom System for all flats with 24 hours round the clock security.

Recreational  Features :

·         Swimming pool with Kid's Pool

·         Library cum Study Area

·         Mini Banquet /Community Hall

·         Children's Game Room and Activity Area.

·         Health Club with Gymnasium & Steam Room.

·         Landscaped Garden with Jogging Track.

·         Senior Citizen Sit out area

·         Fully Furnished Guest house

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You should know

#You can take legal action against the builder for refusing or delaying registration of the agreement.

#You can also take legal action against the builder if there is a delay in his giving you the possession of the flat.

#The Chairman of the Society may resign his office as Chairman by a letter addressed to the secretary.

#Any documents related to immovable property exceeding a worth of Rs 100 need to be compulsorily registered.

#Societies can obtain deemed Conveyance from the office of the District Deputy Registrar of Co-operative Housing Society.

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List of Documents, required from societies for redevelopment: 

* Society registration certificate ;Approved building plan.

* Conveyance deed/lease deed/sale deed.

* Copy of resolution documents/papers/deeds/agreements etc whatsoever in nature related to the society's plot.

* Property card.

* DP remark.

* Extract of 6/12, 7/12.

* Search report & title certificate. 

* Index 11.

* NA order.

* City survey plan.

* Copy of IOD, Commencement certificate, occupancy certificate, completion certificate.

Documents needed to Register a CHS:

To enjoy the benefits of living in a co-operative housing society it is essential that the society be registered. Given below are some of documents that need to be submitted to the registering authority:

1. An application for registration of co-operative housing society in Form A, along with Statement A.

2. Statement of Accounts along with bank balance certificate.

3. A copy of the proposed model by-laws of the society. 

4. Title clearance certificate from an advocate.

5. A true copy of the approved building plan.

6. Letter of authority that grants permission to commence construction or a completion certificate as applicable in the case of a proposed society.

7. An affidavit on stamp paper from at least 10 proposed members to the effect that they are residing in the area of the proposed society.

8. Certified true copy of the agreement made on stamp paper and registered between the builder/promoter and the flat purchasers.

In situations where the promoter of the proposed society is a firm or a company, a letter of authority from such a firm or a company authorising the promoter who sign on behalf of the firm or company if necessary.

Associate Membership:

According to by-law number-19B, an individual, a firm, a company or a corporate body registered under any law for the time being in force who/which has made an application in the prescribed form such membership along with entrance fee of Rs 100 may be admitted as such member by the committee.

Right to Information:

Each member of a co-operative housing society has the right to see information from the society regarding any transactions that the society may have made according to by-laws the society should furnish the information that the member has asked for within 30 days from the receipt of its request. However the society also has the right to fix a reasonable fee for providing such information.

The Consumer Protection Act:

Any dispute that involves a housing society and any member with respect to rendering of any services such as allotment of house, possession of house, maintenance services, in relation to housing complex, etc. are covered by Consumer Protection Act, 1986. A member can approach the consumer forum to claim compensation and damages against the housing society for rendering deficient services.

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Property for Sale in Maharastra 

Farm house for sale - at Karjat. Clear title. Area: 3.5 acres, fully fenced with sufficient water - well and storage tanks. Power connection of 3 phase power with telephone and television facility. Well developed horticulture farm -- over 100 fruit trees. 1/2 acre Banana plantation, flower plants and nursery. Farmhouse 400 sq. ft., Shelter for labour, Cowshed. Can be developed into a resort. Interested and genunine parties may send offer - Email: akn929@yahoo.com   (Att: Farm-Karjat)

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A home buyer should always give priority to verification and checks.

One buys expensive homes but do not get the property documents verified by a good lawyer. Expert advice is a must.

There is a fine line between a project being 'financed' and being 'mortgaged' to a financial institution or a bank and this can make all the difference, in terms of safety, for the home buyer.

And if one does not read or decipher the fine print, it can lead to disastrous consequences.

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MUMBAI RESIDENTIAL PROPERTY RATES  (Rs./Sq.ft)
Property rates as on 20 Aug 2011

Details of Floor Space Index (F.S.I.) available in the city.

Area Allowed                                                             FSI

Mumbai City                                                              1.33

Mumbai Suburb                                                         0.75
In Ward M & N
On West Eastern Express highway
On north ‘N’ ward’s north boundary
On East Thane Creek
On South ‘M’ ward’s south limit.
All land portion in between
i.e. N wards zone 5 & 6 and M wards Zone 2 to 9

(p) North ward’s Akse, Erangal and Marve,s all portion      0.50
(p) North ward’s Zone 1 (Full), Zone 3 (Leaving Marve).
Akse and Erangal Gaothan’s part) and R ward’s Zone 19
(Leaving Manori village Gaothan part)

Remaining Part                                                            1.00

The above is a general guideline. There may be a case where the F.S.I. allowed is different as per modified development control rules and hence, the F.S.I. applicable to a particular plot should always be certified by the Municipal Corporation.  

* St. Xaviers College in Dhobi Talao was the first college started by the Jesuits in Mumbai in 1869, the main building of which was designed by Father Wagner

* Vitrification is a process under which natural ingredients are combined through a scientific and mechanical process and fired at very high degree temperature to make it non-porous and tough. These qualities make them ideal for both homes and office spaces.

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Home Loans  

Here are some of the things that you need to know before applying for a housing loan

For what purpose can I avail a home loan?

You can avail a home loan for constructing, purchase of a ready built house or flat or the purchase of a residential plot and to take over of the residential plot and to take over of the existing loans from other banks of housing finance companies.

How will a housing finance institution decide the loan amount I am eligible for?

The bank will decide the loan based on your repayment capacity. Repayment capacity takes into consideration factors such as income, age, qualifications, number of dependents, spouse’s income, assets, liabilities, stability and continuity of occupation and savings history. However, usually the eligibility of loan shall not exceed 85 per cent of the cost of property.

Who can be the co-applicant for the loan?

You can include your spouse as a co-applicant for the home loan. His or her income can be added to enhance the loan amount. However all co-owners of the property should necessarily be the co-applicants.

How do I repay the loan?

You repay the loan in equated monthly instalments (EMIs) comprising principal and interest. Repayment by way of EMI commences from the month following the month in which you take full disbursement.

What is pre-EMI interest?

Pending final disbursement of the housing loan, you pay interest on the portion of the loan disbursed. This interest is called pre-EMI interest. Pre-EMI interest is payable every month from the date of each disbursement up to the date of commencement of EMI.

What security will I have to provide?

The security for the loan will be the first mortgage of the property to be financed normally by way of deposit of title deeds and/or such other collateral security as may be necessary. Collateral security for by way of assignment of insurance policy or any such other assignable financial instruments are also required as security to the loan if deemed necessary. Please do ensure that the title to the property is clear, marketable and free from encumbrance. To elaborate, there should not be any existing mortgage, loan or litigation, which is likely to affect the title to the property adversely.

Can I repay loan ahead of schedule?

Yes. You can repay the loan ahead of schedule.

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Tata Homefinance

Tata Homefinance Ltd (THFL) has introduced a variable rate product. The individual home loans from Tata Homefinance will now be available at a floating rate of 11.50% p.a. This is for a period of 20 years. The equated monthly installment (EMI) will be 1067 per lakh. The variable rate of interest is on a monthly rest basis. This product is  applicable from 7^th March, 2002 for all new customers.

IDBI Bank

IDBI Bank has announced a reduction in the rates of its home loans. The rate for the five-year tenor is 11 per cent, with an EMI of Rs. 2,174, and for the 5-10 year and 10-15 year tenor is 11.5 per cent, with EMIs of Rs. 1,406 and Rs. 1,168 respectively. The rate of the longer tenor has thus been dropped by 50 basis points. The bank is offering home loans on a monthly rest basis, as opposed to the annual rest basis adopted by most other banks. There is now no penalty on pre-mature payment of loans.

Citibank

Citibank is expecting to get Rs. 1,500 crore in housing loans in the year 2002, as opposed to Rs. 900 crore in the previous year, in the New Delhi sector. The bank extended Rs 250 crore housing loan during the past two months. Citibank offers a 100 per cent home loan, with an overdraft facility, which reduces the loan period to seven years from 15 years.

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Buyer's check

Flat Buyers’should check…….

Before  finalising  the deal,  one  must get information on  certain vital facts about  the builder in terms of his previous projects. Check his track record on amenities promised versus  provided and maintenance. These issues can be discussed with the occupants of his earlier projects. Also find out how long he has been in the industry and whether he is he known to give timely possession.

Any question, however simple it may seem, has to be asked to the builder and all doubts must be clarified before you finalise any deal.

Some  of the important points to be covered are:

Does he have a clear title to the land?

Has the builder got his plans approved by the BMC and has he been given permission to start work? This can be ascertained by intimation of disapproval (IOD) and Commencement Certificate (C.C) for the project under construction.

What are the plans, designs and amenities offered by the builder? While looking at the plans, make sure that the optimum use of the space is made with minimum wastage area. Also make sure that the interior layout is comfortable, according to the space.

Will you get possession in time? A delay in getting possession of your flat may result in hardship and inconvenience to you and your family. So, please ensure the period for which you shall have to wait to get the possession is clearly stated.

Have the occupancy certificate formalities been  complied with? If you are taking ‘Ready Possession’ property, ensure that the builder has received the Occupation Certificate from BMC. This certificate confirms the construction of the building according to the approved plans.

A few things you must check:

Area of the flat: Always check the actual carpet area of the flat. Measure  it yourself with the help of the site engineer.

Quality of construction: As the quality of construction cannot be verified visually, ask the builder about the brands/types of cement, paint, tiles, fittings, etc. used in the building. Also make sure the waterproofing is done up to the mark.

Project approval by housing finance companies: Check whether the project of your interest is approved by reputed housing finance companies. It is easy to get a housing finance loan for an approved project.

Additional charges: Confirm with the builder) whether any additional charges like legal fees, society deposits, corpus fund etc. are included in the agreement or not.

After,sales service: Does your builder offer any services like suggestions for interior decoration, estimated sample flat furniture costs, maintenance services of the plumber, electrician, gardener etc. helping in society formation. LPG transfer formality and telephone connection?

Excerpted from a Pocket Guide to Property Buying,By Marathon Realty

Nova Industries presents the Czar range of bathroom fittings and faucets. The designs available  are  Symphony, Safari, Sonnet, Sleek and Spectrum. Symphony has a half turn  with foam flow function, Safari has a single lever action with ceramic cartridge, Sonnet and Sleek have a quarter turn with ceramic cartridge and Spectrum has a full-turn action.

The colour range includes ivory gold, bottle green, aqua green, satin red, chrome, black gold, graphite, lapis blue, mystic grey, crimson red, desert glow, chrome gold and sea grey.

Kruti creations designs a wide variety of artistic items in fusion glass ranging from shower enclosures, doors, windows, room partitions , table bases, murals , one piece wash basin tops, etc.

Kutty's presents moulded phenolic compressed wood fibre doors. Strengthened with kiln dried rails and stiles, they come with a grain effect etched on the panels to give the door a natural look even after painting. There is a choice of four designs-Herra, Vishala, Fantasy and Eleganza in three thickness options, 30,35 and 40 mm in standard sizes. Each design comes in two types- heavy duty and light duty. The heavy duty has solid wood strips while the light duty type has a semi-solid internal structure. The doors are delivered pre-primed (textured) by a three-coat process.

Avoid water-borne diseases with the r. Ultraguard mini magic water purifieA compact model using ultraviolet technology. It has a four-stage purification process. A polypropylene filter bag removes major dust particles and the multiplayer candle removes suspended particles.

Made from 304 grade stainless steel and polycarbonate, the machine is tough, durable and corrosion free. It requires minimum maintenance and has a special candle protector that increases the life of the candle and reduces the replacement cost.

Alps industries Ltd, which recently launched the Vista brand of window dressings and bed coordinates, has now forayed into laminated wodden flooring with Vista Floor Fashions and laminate wooden ceiling and wall panels – Vista vails. The Vista Exolique laminate wooden  flooring is available in four decors with a 10 year warranty, priced at Rs. 111 per sq. ft. accessories extra. Vista has a unique intermediate underlay  “hush factor” that  reduces sound reflection and transmittance. It is resistant to UV rays, stains, indentation, impact, cigarette burns,  household liquids and scratches. These floorings are pre-finished, non – allergic and conserve energy by heat insulation. According to the manufacturers, they are easy to maintain, repair or replace and do not require any re-finishing polishing and waxing.

Tarus has introduced its new collapsible garden swing, which can be easily dismantled and re-assembled as and when required. Ideal for housing and restaurant gardens, the swing comes with a tiled roof and teakwood bench. There is no cross-swing impact since the swing has been designed without a chain. Tarus also offerd all types of office furniture, easy chairs, bunk beds, folding beds, trolleys, etc.