Thursday 27 December 2012

Banglore, Mumbai, Delhi real estate rankings nosedive


Uncertainties prevailing in the real estate market since the past few years have resulted in the country no longer being an attractive investment destination for international investors, says a recent survey.
Bangalore, Mumbai and Delhi, which are the top three realty markets in the country, have sharply slipped to 19th, 20th and 21st positions respectively in the list of 22 investment destinations in the Asia Pacific region, the survey ‘Emerging trends in real estate 2013′ by the Urban Land Institute and PricewaterhouseCoopers (PwC) said.
In 2012, these three cities were placed at the 10th, 15th and 12th position respectively in this study.
“The uncertainties in the real estate market is holding back international investors from investing in the country as they were doing in the last few years. Given the current scenario, where there is little or no clarity on policies, foreign investors will continue to adopt a cautious approach,” PwC India executive director Gautam Mehra told reproters while releasing the report here.
According to the survey, Bangalore is perceived to be a mature market and has demonstrated fairly stable prices and reasonable absorption trends.
However, the report notes that the Southern metro’s over-reliance on the sluggish global IT industry translates into low growth potential in the medium term.
The financial capital Mumbai is plagued with over- supply across asset classes, resulting in record levels of vacancy and stagnant yields, it says.
The report, however, has cast a positive light on Delhi and the surrounding NCR area in view of the expected master development plans for Delhi, Gurgaon and Noida, indicating a flight of capital from the Western and Southern regions to the North in the medium-term.
However, the report paints a rosy picture going forward. It says despite various issues plaguing the sector, there is hope ahead especially after the recent decision to permit foreign investment in multi-brand retail, Mehra said.
“The favourable demographics and inherent but latent demand continue to be redeeming factors. Several micro-markets continue to provide suitable investment opportunities for investors and end-users alike,” he said, adding the need of the hour is to deliver focused political and economic reforms.
“While the domestic realty sector may currently be grappling with certain socio-political and economic issues, particularly rising inflation and interest rates, uncertainty on fiscal policies, and subdued interest from opportunistic investors, there appears to be light on the horizon,” he says.
From a regulatory standpoint, the introduction of the alternative investment fund (AIF) regime seeks to streamline and regulate the myriad of investment schemes, in a bid to boost investor confidence, he says.
“One area that is yet to be developed is the real estate investment trust (REIT) regulation, which can provide an additional exit route for investors and enable retail money to be channelised into the sector through a regulated network,” Mehra concludes.

Bangalore realty one of the most affordable


Many may complain about the rise in realty prices in Bangalore. But if there is still a major city in India where a household earning between Rs 6 lakh and Rs 15 lakh a year can find good livable locations within the city limits, it is Bangalore.
“A mid-segment buyer does not need to go to peripheral locations of the city to find a home as he has options in good emerging locations within the city,” says Samir Jasuja, founder and CEO of PropEquity, a real estate data analytics and research firm that conducted a study recently on affordable locations.
The study finds that in the National Capital Region, you have to be in the Rs 9 lakh to Rs 20 lakh income category to find livable locations within the city. The study is still in the process of evaluating Mumbai, but it is likely that the income bracket there would be even higher considering the rate of realty price increases.
Bangalore is seen to offer buyers a range of products starting from 2-BHK units priced at Rs 32 lakh to 3-BHK units priced at Rs 54 lakh, across locations such as Electronics City, Outer Ring Road, HSR Layout, Marathahalli, Hosur Road, Tumkur Road, and Magadi Road.
“The city has a very balanced development which is not skewed towards certain pockets. Each region has options catering to buyers of varied income brackets,” says Jasuja.
A research report by global real estate consultancy firm Knight Frank found that 16,700 residential units were launched in Bangalore during April to November this year. Properties priced in the mid-market segment constituted by far the biggest component, though the premiumhousing market too gained momentum.
Real estate consultancy Cushman & Wakefield finds that in 2012, the average capital appreciation in Bangalore was 11-12%, one of the lowest among big cities. Chennai saw the highest appreciation of 16% followed by NCR at 15% and Mumbai at 14%.
“The city witnessed healthy demand from end us ers, as it offers a number of affordable options in the micro markets of Hebbal, Whitefield, Marathahalli, Jayanagar, and Bannerghatta Road,” says Sanjay Dutt, executive MD, South Asia of Cushman & Wakefield.
Many believe that Bangalore has avoided excessive speculative buying in recent years, which has kept prices in check.
Karun Varma, MD (Bangalore & Kochi) of Jones Lang LaSalle India, said Bangalore’s real estate market was one of the safest and most lucrative residential property ‘investment bets of the year’. Varma added that the top emerging destinations in the city in 2012 were Tumkur Road, Vijayanagar and Magadi Road in West Bangalore, which saw capital appreciation of 12% to 15%.

Wednesday 12 December 2012

All for a secure connection


SAFETY MATTERS
Wires and cables have become an integral part of our homes and offices, and are extensively used in electrical and electronic equipment. The importance of safety in wiring and cables can hardly be over-emphasised, writes Bindu Gopal Rao
Urbanisation has escalated the need for infrastructure like housing, malls, commercial spaces, etc. In this networked society, there is an increasing dependence on wires and cables. Buildings use a variety of cables to meet lighting, communication, air conditioning, heating, security and solar. “Many  fire accidents occur due to the poor quality of wiring.
Short circuits can be attributed to the use of low-quality insulation material which is not flame retardant. During a short circuit, the cable catches fire, emits chlorine and reacts with oxygen present giving out dense toxic smoke, and also emits corrosive acids.
This toxic smoke numbs the brain, causes irritation, impairs vision and prevents a person from locating a safe exit thereby creating panic during emergency situations. An estimate describes the loss of life due to electrical fire accidents in two parts: 1/3rd of deaths happen due to primary burns or electric shock and 2/3rd of deaths happen due to inhaling of toxic gases.
It just goes to show that smoke emitted from burning of cables and wires lead to more deaths than burning itself. Many buildings use wires that are predominantly insulated by PVC, which contains chlorine. Installation of quality cables becomes an integral part during construction of buildings,” explains Srinivas K P, Managing Director, LAPP India. Safe cabling right from the structural phase is important as it prevents earthing, and fire hazards.
There should be proper conducting and proper strength of wires for this reason and it should prevent short circuiting. Adds Sandeep Pantvaidya, Vice President-Marketing, Sales and CRM, SPR & RG Constructions, “Modern day houses have so many appliances that put a lot of demand on the electrical system; computers, kitchen appliances, air-conditioners and televisions to name a few.
Hence, safe cabling is required in houses so that risks due to overload are minimal. Safe cabling is also important in order to avoid fire in case there is any breakage or short circuit. Concealed electrical wiring is the general practice used these days which provides safety and a cleaner look to homes.”
Poor wiring can lead to injury and electrically caused fires, both of which one would want to avoid at all costs. Majority of electrical fires are a result of old wiring and faulty outlets. To help prevent electrical fires in your home, it’s important to check your electrical appliances and wiring on a routine basis.
“As part of our ‘safety first’ commitment, we have taken care while wiring and cabling our flats. We have done extensive study of standard procedures so there is no danger to the resident families. We firmly believe that with electrical work, there is no excuse not to follow rules and regulations,” says Kumar Bharat, Director Bharat City, BCC Infrastructure.
Selection of electrical wires should be strictly based on the requirement/load factor.
“Neglecting the load factor and choosing the wrong wire could lead to fire hazards and burning of costly electronic items and in more severe case, threat to human life as well.
Therefore, electrical work should only be carried out by competent persons with the necessary skills and training.
To avoid any such mishaps, Havells offers wires that are FR-LSH(flame retardant-low smoke halogen) and HFFR(halogen free- flame retardant).
The FR-LSH wires are made from specially formulated PVC polymers that restrict toxic gases and smoke as they are self-extinguishing and do not allow fire to spread,” says Arvind Agrawal, Deputy General Manager, Havell India Ltd.
Practical implementation
Concealed wiring, use of circuit breakers, protection from critters, nails and any other materials that cut into the wire are some examples of how safe cabling can be done in your home. Developers and builders can install flame retardant cables or fire survival cables. These cables are Halogen Free Flame Retardant (HFFR) cables, which do not contain chlorine. The prime benefit of HFFR wires and cables is that they stop flame propagation through the sockets in which they are laid.
In the instance of fire, these HFFR cables do not emit acidic smoke, in turn reducing the fatality. Furthermore, fire survival (FS) cables sustain their composition, thus providing protection against short circuit even while burning under fire. These cables can be installed during construction of the building to offer safer homes and safer cities.
Radhika Mehra, HOD, JD Institute of Fashion Technology explains, “This can be implemented by having a plan for your electricals, working out electricity load available and total load (of the electrical equipment’s) as this helps in proper planning right from the beginning. Using FRP cables (fire resistant cables) and proper grade cables for proper functioning is also important.
Earthing is very important and ELCB (earth leakage circuit breakers) is very useful as it protects the gadgets of the house and prevents shocks. Properly rated MCBs should be used. Multi strand wires with proper rating should be used. There should be no looping in the wires in the conduit pipes. Appropriate thimbles and connecters should be used for cabling. All conduit pipes should be joined with PVC adhesives.”
Always opt for branded wires at home and seek opinion from qualified and certified electrician/consultant to work out the size of wires. Wires are usually hidden as they are installed inside the wall and hence require utmost attention because any rectification afterwards would cause huge inconvenience and it’s a costly exercise too.
Professional touch
One very important aspect is to get the cabling done through proper gauge wires and with the help of trained technicians. The wires should be of proper thickness to match different loads, and be a good brand. Cabling needs to be maintained through periodic inspection and repair since they are prone to breakages due to excessive wear and tear.
“Sub mains wires should be taken directly from the meter box to the respective floors and not be looped in between. Use of bus-bar in the main panels is very good for getting secured connections of the sub mains. Electrical, telephone, television and computer cables should all be in different conduit pipes to prevent disturbance in connection. All exterior switches should be properly covered so that no water falls on it or else water proof switches should be used,” says Mehra.
The wiring system in your home should meet or exceed the standards set by the National Electrical Code.
“The cabling can be done at home by using insulations. One needs to make sure that circuit conductors near-capacity do not overheat and to prevent this one can leave the conductor without an insulation. Before you can make electrical connections, you must first know what type of wire to use for the installation, what colour wire is needed for the application, and what the right size wire to handle the load of the circuit is. Also, one should ensure that one uses the right connection point for right kind of appliances,” says Sanjay Raj, CEO & Executive Director, Golden Gate Properties Ltd.
Tips for electrical / cabling safety
* Always follow the usage instructions on all appliances.
* Fix electrical or appliance problems right away. Use caution if fuses blow often, switches become hot or cause shocks, or circuit breakers trip often.
* Do not overhaul electrical outlets. Extension cords should not be used as permanent cords in homes.
* Damage to appliance cables and extension cords and plugs can also lead to electrical fires in the home.
* Purchase and use only safety protected lead wires and cables.

Tata Housing Raises Debt From IDFC


Tata Housing Development Company, after raising around R70 Cr by minority stake sale in one of its luxury project to American firm Portman Holdings, has raised R300 Cr by issuance of NCDs to IDFC.
The NCDs are divided in two parts with maturity of three and five years and are planned to be deployed in the coming 3-4 months.
In the last quarter, the company also augmented its capital by a commercial paper issuance worth R150 Cr which is to be used for working capital requirements.
The company recently sold entire second phase of Primanti, the luxury housing project in Sector 72 in Gurgaon, within two days of the launch. The project comprised 150 units spread across 4,50,000 sq.ft and valued at R350 Cr.
IDFC Real Estate Investments was planning to raise a $500 Mn real estate fund to invest in leasedout commercial assets earlier in June this year.
However, another group company in similar line of business, Tata Realty and Infrastructure Ltd. was planning to replace the debt in a Chennai project by switching to lower cost borrowing by issuing NCDs worth R1400 Cr. Both the group companies have been facing a conflict of interests on the basis of business operations and parent firm Tata Sons was in the process to combine them in a JV to develop projects.
Tata Housing also recently disclosed that it would not be pulling out of Maldives and is in talks with the government there regarding an alternate site for a housing project following plans to construct the Supreme Court on one of the allotted sites.
Besides Maldives, the company is investing $60 Mn to develop properties in Sri Lanka.
Earlier this year, Tata Housing had bid to buy certain American consulate properties which include the Lincoln House, Breach Candy and also other properties like the Altamount Road residential building and Washington House.
Tata Sons holds 99.86% of the company and it currently has around 25 projects under various stages of planning and execution across 10 cities in the country.
Some of its current projects include the New Haven in Bangalore, Eden Court – Primo in Kolkata, Shubh Griha in Ahmedabad and La Montana in Pune among others.
In recent months, Bangalore-based developers Golden Gate Properties Ltd. and Century Real Estate Holdings Pvt. Ltd raised R200 Cr and R100 Cr, respectively, from JM Financial Ltd.
In June this year Reliance Capital infused R45 Cr debt finance into Kumar Urban Development by subscribing to NCDs.
Besides being a preferable method of foreign investment in real estate projects, fund raise through NCD issuance also gives decent yields in the range of 14-16%.

Bangalore, Most Livable City in India


The Silicon Valley of India, Bangalore has emerged as the best city to live in, according to a global survey of cities conducted by Mercer, a global HR consultancy. The city has become the most livable city due to certain factors, in terms of housing option, infrastructure and global investors, reports Times Property.
Unlike other metros like Mumbai and Delhi, Bangalore’s realty market offers variety of property options to fulfill buyer’s requirement. The vibrant nature of Bangalore’s real estate market and the stable property prices make the city one of the leading real estate markets in India. This means Bangalore property market is one of the best locations for property investment in India.
S Bhaskaran, chief financial officer at Sobha Developers, a Bangalore-based property developer, stated that “There are good products available at various price points. You can buy a house at any price between Rs 20 lakh and Rs 1 crore or more,” reports Business Standard.
“This rating, essentially, showcases brand Bangalore and its merits. Of late, we have been denigrating the city and its many problems, particularly the garbage problem. Now, this report will help showcase Bangalore as a city of repute, as a magnet to which people flock from all over the world, and as a city that offers opportunity,” according to Harish Bijoor, Brand Expert.
Besides, Bangalore is an IT hub and it is home to major MNCs coupled with world-class facilities, which in-turn attracts global investors into the city. “If one is able to organize the work and home locations in a reasonable way, this city is very favourable to live in. It has a cosmopolitan culture and you can live life at your own pace. The quality of life and the costs compared to other cities is favourably placed. We definitely have a decisive advantage,” said L Krishnan, Chairman, Confederation of Indian Industry, Karnataka.
Good infrastructure and connectivity are also making the city one of the best to live in. infrastructure projects like Metro which is yet to complete in many parts of the city is driving the property prices high on areas near to metro corridors. Other infrastructure projects like the Outer Ring Road, elevated roads and so on are extended the city limits which turned far flung localities into micromarkets and such localities are like Whitefield, Sarjapur Road and Old Madras Road.

Friday 9 November 2012

Windows, new and advanced


TRENDS
The use of cutting-edge technology has ensured that windows are getting energy-efficient and better. Bindu Gopal Rao explores the wide range of options available in the market today.

Windows are a wonderful functional element in a home. As a source that allows for natural light and ventilation, and one that shuts out noise. They can also be done up to add up to the overall decor of a home. Windows today are getting smarter and better and actually use cutting-edge technologies (yes, you read that right) to give you an experience like never before.

New vistas


Shani Corporation Limited has introduced Cora uPVC Performance Windows in India, which are both sound-proof and eco-friendly. These windows are built using eco-stabilisers and offer optimum insulation, therefore saving energy and the environment. They are versatile in design and function and can be uniquely configured into large combinations for maximising views and enhancing lifestyles. Pawan Rana, CMD of Shani Corporation Limited says, “We use the highest quality UPVC products in different designs which are perfect for Indian building styles. Each window is custom-made to suit your requirements - in size, colour and design.” Ram Kumar, zonal head, Karnataka, Fenesta Windows adds, “Changing home windows is a hot new idea in home improvement. It has always been Fenesta’s endeavour to design windows that are suited for India’s unique requirements. Our newly launched villa windows not only address these unique requirements but also expand the design palette available to architects and end users.” 

The villa window integrates the traditional Indian window design of grill and mesh (popularly made out of wood) with UPVC, the new age window material pioneered by the company in India. Some other unique window design options include designs that can span entire balconies, rise from floor to ceiling, sliders, casements (windows with sash that open outside), slider and casement combo, bay windows that can be created at any angle, arches and French windows.

The latest range of world class weather proof UPVC windows are especially designed for the lifestyle conscious in the country. “The new system is specifically significant for high-rise, condominium dwellings as it effectively counters high-pressure winds and rains, considerably enhancing the safety and comfort of houses. 

These windows are structurally strong and have a long life. They have been proven to substantially bring down noise and dust levels as well as reduce air conditioning bills. They are resistant to termites and require low maintenance. The windows come in a wide variety of colour and design options, thus making them a preferred choice for builders, architects and individual consumers,” says Rohit Bhatia, Business Head, OMA. Pella’s energy-saving technology can make a major difference in terms of comfort and energy use. These windows actually save up to 86 per cent of energy. Amit Sabharwall, COO, Pella India explains, “by using argon gas in between panes of glass, our windows make sure the air is non toxic and provides an extra layer of insulation from heat and cold. 

Low-Emissivity (Low-E) coating blocks harmful UV rays and reflects heat energy and also prevents fade damage to carpet, furniture and window treatments. Our range of ‘between-the-glass options’, helps you snap in blinds, shades, decorative panels and grills which are easy to change.”

Dress them up
Choosing the best curtains that complement the decor is the first step when it comes to decorating windows. 

Using linen window coverings to gorgeous silk panels, curtains are an easy way to decorate the window. Around the curtains, you can use tie-ups and stickers to keep them tied up. 

The latest innovative ways being used by people are painting the window in decorative styles or using caricature designs. Windows are important features while decorating interiors. You can have glass panel windows which ensure that your home gets enough natural light and ventilation also. Frosted glass, sliding glass and design windows enhance the decor of your home. 

Moreover, there are many varieties of designs for window curtains and blinds in the market. 

“Watch the windows of your home come to life with beautiful vinyl wall stickers. They are easy to use and give a beautiful paint-like effect to the surface you apply it on. You can place it on any smooth surface like windows or glass to change the look of your interiors.

What’s more, it is reusable and repositionable, so you can use it eight-ten times on different surfaces easily. Place them all together or decorate different walls all around the room. This is a very creative, highly aesthetic, adhesive wall art product and is a do-it-yourself one. The design range responds to almost every mood and personal preference,” says Narasimha Jayakumar, Chief Operating Officer of HomeShop18.com.

Product range

Big sized wooden windows with straight line designs and UPVC windows are the latest trend in India these days. “With changing trends we see that customers prefer using unique styles for their windows. The latest trend that marks windows is an arch window that adds to the elegance of the house, casement window that provides excellent ventilation, a bay window that adds to the focal point of the room and gives a feeling of spaciousness and garden windows that are generally used in the kitchen to ensure that there is enough light and air entering the kitchen adding to the greenhouse effect. These styles can be used in a standalone position or in a combination as per the design of the house. Latest window accessories used by customers to beautify their house are the window grills (aluminium, brass, mild steel, wrought iron, stainless steel or designer), faux iron, curtain rods, wall hangings around the rods on the window, wind chimes, painted windows, etc” says Sanjay Raj, CEO & Executive Director of Golden Gate Properties Ltd. 

Windows are no longer elements used to fill the openings in the building envelope. Today’s windows are expected to perform various functions such as letting in light, keeping out heat/cold, noise attenuation as well as being aesthetically attractive, needing lower maintenance and using energy saving/efficient materials. “The main advantage that the customer seeks today apart from the ones mentioned above is energy saving i.e. window material leading to a reduction in air conditioning bills up to 20-30 per cent plus saving of wood. 

“Therefore, windows made with high usage of energy-intensive materials like aluminium is a major plus. Consumer preferences in India are evolving from region to region and options are available in slider and casement windows, and combinations of fixed and casement. All these factors have propelled A49 group to construct innovative frontiers using this technology and innovation,” says Harsh Bhutani, Managing Director ED & P.

Window treatments

Window treatments are the best way to add colour, pattern and instant style to your room. While there are many types of window treatments that are available in the Indian market, they don’t all cater to your needs, so one has to choose accordingly. 

“Look at curtains, for instance. They are versatile when it comes to style, but only have two options when it comes to managing the amount of light that enters a room. 

“You can only have them either open or closed which limits your choice. Blinds also offer lots of options when it comes to light regulation. You can control these with much ease, letting you adjust the amount of light you want to allow into the room. 

“You can either have them fully opened, or opened in varying degrees, until they are closed. With these treatments, you can either have total brightness or total darkness depending on your choice. Modern blinds come with latest technologies where you can control them with a remote control. 

You can opt for variety of blinds which are there in the market like: rollers, blackouts, wooden, pleated, Venetian, Roman shade,” opines Vandana Khoshla, Creative Director of Elvy Lifestyle. Window shopping can be great fun, even literally, so give your windows a facelift now.

Home Trends For The Season


Living in a beautiful home is a need that is hard to dispute. Again, fashion is not just beauty but a blend of good attitude makes it more appealing. A home like everything else can be done up to reflect latest trends. Here’s how.

Bold Colors and Wallpapers are in

wall art deer stencil
Today customers mainly look at retro and classy interiors with a “wow” appeal. “The latest trend marks bold colors that exude tons of personality. Another trend cascading the market is decorative walls with graphical stickers or decals or mirrored wall papers.
The latest trend in terms of color would be vibrant as people want to match the monsoon décor hence Turquoise, sea green, baby pink lavender, bold floral prints, owl prints are a few of the colors that people prefer.

Exotic wood work  making inroads in Indian homes.

wall art duckling stencil
Bamboos, exotic hardwoods and cork flooring are becoming increasingly popular choices and 3 D wall tiles are also a flowing trend in the market of interiors. They are incredibly appealing and affordable, making your room look pleasant and vibrant. Beside these wooden flooring is very upbeat and in vogue,” says Sanjay Raj, CEO & Executive Director, Golden Gate Properties Ltd.

You are known by the accessories you keep.

interior themes
New home gadgets and accessories that are being used for home décor are antiques like fire place screen, candle holder, glass storage stands, dark colours of area rugs , wooden wall decors, sculptures,  antique clock, lamp shades which are owl shaped , pen stands etc. The reasons for change in the home and décor are mainly due to growing awareness of people and exposure for them to various options. With the advent of globalization and a major paradigm shift in the lifestyles of people there is always room to spend that little extra buck to beautify their homes.

Innovative digital wall and floorings to expand your creative canvas.

Mosaic
Alok Goel, CEO, Nitco adds. “The new trend that is catching up is Digital and Mosaico Tiles. Mosaico is an art of creating designs with small pieces of various materials like ceramic and vitrified tiles, stones, marble or any other material. Mosaic Tile fitting is where one can explore creativity and bring out really exclusive designs. The best part is there is no standardization; no limitation to professionals and one have liberty to experiment and execute the designs.’

‘Today one can work with stone, ceramics, shells, art glass, mirror, beads, and even odd items like doll parts, pearls, or photographs. 3D Printed tiles’ are the latest innovation in tile technology. Flat walls are passé. Nitco has acquired a state-of-the-art system that enables the printing process to be used on ceramic tiles. These tiles are created based on principles and procedures which are similar to graphic art work which offer photo-like high resolution impressions. Digital Technology is the future of your home décor, home walling, we at NITCO are very optimistic that digital printing will soon become a design based market from a price based one. Digital tiles are a must have for accentuating one’s lifestyle.’