Monday, 6 November 2017

Planning to Make a House? Guidelines -  Part II (by www.colonelz.com) (contd)
You would be aware of the saying, “Time spent on Reconnaissance is never wasted”. To arrive at the final design for your house / any other building, one MUST do a detailed research on the type of Home or Space you are planning. Whether it is Residence, office or commercial space, the most important Factor is :
·        Location, Location & Location.
When we say location, it varies with the purpose. I would love to have an office in the Connaught Place; but residence, maybe not. Residence should always be at a place where you can get peace of mind, once you are back from work. Even if that entails 15 minutes of extra commute. Similarly, for office too, location is equally important. Nehru Place may be good for IT peripherals, but surely not for Furniture.
Preparatory Work. The search should be two prone-
·        Internet search. There are numerous sites which give us ideas w.r.t. the building, its various spaces, furniture & furnishing. Printerest is one such site.
·        Physical search on ground. Keep your mental faculty and eyes programmed to register exteriors and interiors which you like. Keep in mind, the utility & location –viz, office, home, hotel etc, all have different requirements and hence are designed differently.
Obvious outcome of the above should be – Collection & Collation of information, so as to derive valuable inputs / intelligence from the same. Record whatever you find suitable and use them during your interaction with the Architect & Interior Designer.
Detailing Your Requirements
As was elucidated in the previous part, you would have decided on what would be the basic components of your house, viz, Basement, Stilt for Parking, No of bedrooms, dressers, No of toilets, Powder Room, Drawing- Dining- Living room,  Verandahs, Open Area, Balconies, Store / Pooja room and so on. It is advisable to use Vastu Tips while planning the building.
Why Vastu? What is Vastu Shastra? It is the “Science of Architecture." Vastu describes the principles of design, layout, measurements, ground preparation, space arrangement and spatial geometry of buildings. It is purely scientific and has nothing to do with Religion, faith etc. Most part of non mountainous India have more prolonged summers, ranging from 7-8 months in North to almost 12 months down south. In India, throughout the year, the sun moves from SE to SW direction, as we are in the Northern Hemisphere. Hence, the southern direction is considered more suitable for Master Bedroom, Kitchen, open area to dry clothes etc. Similarly, Northern Area gets less heated up, and hence a visitor while waiting for you after ringing the Bell can get some shade. Also, Prayer / Puja area is to NE so as to have a comfortable weather.
However, please do NOT spoil the looks and comfort just because of Vastu. Vastu is an ingredient to help and NOT to hinder your design.
Financial Planning. The start point is the BUDGET. Like in any other expense, here to, there will be a tendency of Cost overrun. Hence, if you have a budget of 1 Cr, start working at 20% less as your planned Expenditure. Based on the budget, one needs to decide the Location & Plot size.
Plot Selection
Dilemma of Cost vs Location & Size. The starting point of construction is the Plot selection & purchase. It’s common experience that one always likes something which is beyond my planned budget. A 200 yd plot in suburb may be cheaper than a 100 yd plot in the city. Take a call, based on your & your spouse’s office, children education, parents / in laws residence and numerous other factors.
Remember, the house you will make will be mainly used by you. All your relatives would visit you very rarely. However, your friend circle does matter. The overriding factor should be your and your Spouse’s as also your children’s requirements. If these are well taken care of, others are secondary. Even with your Best friend, you don’t call on every third day. You have to go to office / school 5-6 days a week. Even your pets (if any), should be a factor while deciding the residence.
Connectivity. I prefer my office to be close to the main highway, as it helps my clients to visit us easily. Same ain’t true for home. It is better that your house is, a few hundred meters away from the main Highway. Honking and heavy traffic are not enjoyable after all.    
Size. It’s a saying- “In a 3000 sq ft house, you live in a 200 sq ft and in the balance, lives your EGO”. Depending on the No of persons likely to inhabit in the house, one could take a decision of the size. Maintaining a big house is costly and time consuming. Housekeeping personnel and Maids are getting costlier and rarer. Apart from the common spaces like Drawing room, kitchen, etc, one should 1 to 2 rooms more than the No of rooms likely to be occupied by permanent residents. If it is a couple only, at the max you should go for a 3 BHK. Beyond that would be more for your Ego and for gossiping in Kitty Parties- you know, the Delhi Show off club?
Dimension & Alignment. An ideal plot should be rectangular, with 90 Degree corners. If you get a cheaper plot in non regular shape, work out the area available on carving out the largest rectangle. The price of that rectangle is the amount you should consider in the deal. A wider frontage gives better options to the architect and vice-versa. Normally, a ratio of  1:1.5:: Width: Length is suitable. Max stretch could be 1:2. However, the frontage of small plots like 50/100 yds should not be less than about 15 ft, or else, your house would give a feel of a Railway Compartment.
Cost. Depending on the location, plot cost may form a formidable part of the cost of your house. The cost of construction varies from say Rs 2000/ for a decent house to Rs 4000 / 5000/- per sft for a very high end construction and interiors. Plan accordingly. How to arrive at the right price? You would have often experienced, when you want to sell a thing, market would be in doldrums and you would be offered rock bottom price. Similarly, when you go to buy, you find that that’s the last piece available and the prices are likely to go up further. Simple way is, if you want to buy, ask the Brokers / check on the Net rates for selling. Once you get both the rates, ie, seller’s & buyer’s, average it out and that would be the near correct price. Again, location would matter and 2 adjoining plots’ rates could vary a lot, in case on is a Corner plot.

Hope you have understood / assimilated the above easily. To prevent boredom setting in, would call it a day here.
How to select the Architect, layout, material to be used, earmarking areas for not so often thought of chores like washing area, etc, would be discussed in the Parts to come ahead. We would also cover specifics of Bedroom, Kitchen, Dresser, Living Area, Drawing Room, Dining area, Toilet, Verandah and more, in days to come.


To be continued in Part III………………………………..
www.colonelz.com



Thursday, 11 May 2017

Planning to Make a House? Guidelines - Part I (by www.colonelz.com)

Planning to Make a House? Guidelines -  Part I (by www.colonelz.com)
In the era of Flat / Apartment living, not many go for own house construction. However, some of us still prefer Independent houses, if affordable. It is also a suitable option when friends / family want to have a common building as home. Major advantages of making ones’ own house are:
·         The cost incurred is at least 20- 25 % less, compared to buying any type of residence.
·         The design & material is as per your liking.
·         You can space the construction as per your funding state.
·         Obviously, you would be confident about the quality of material used.
·         You get to decide who your neighbors are.
·         There is NO unending wait for Possession, as is the norm today, w.r.t. Builders.
For most of us, making a house for ourselves, generally is a once in a life experience. There are many stages of construction, which could be as follows:
·         Planning Stage, which includes:
o   Plot selection.
o   Selection of Architect.
o   Time plan, from planning stage to finishing.
o   Listing of needs one wants in the house:
§  Basement, wanted or not.
§  Stilt for Parking? Or drive way?
§  No of bedrooms.
§  Should bedrooms have dressers, or bedroom should have large wardrobes.
§  No of toilets & do you need a Powder Room?
§  Common Drawing Dining room or separate.
§  Do you want Living room?
§  Verandahs, Open Area & Balconies.
§  Service balcony requirements.
§  Store / Pooja room
§  Location for Housekeeping Necessities - Washing Machine, Dish Washer, Vacuum Cleaner and more.
§  Servant Quarter.
§  Lawn / kitchen garden.
§  AC type to be used, i.e., Central, VRV, Cassette, Split or Window.
o   Financial Planning.
§  Rough cost of construction varies from 1500 to 4000/ per sft, including furnishing. Normally, a decent middle class house works out to be around INR 2000 to 2200/ per sft, all inclusive.
§  Plan to Start with Roughly 20 % of the Budget.
§  Plan for about 20 % every 4-6 months.
§  Overall Cost incurred on civil work & furnishing is generally similar, ie, 45-55% each.
§  Cost of making basement is similar to the floors, as it mandates Water Proofing, as also has 3 walls, one in RCC & 2 in brick, on either side of RCC.
§  Larger the Built up Area, cheaper is the average cost per sft.
§  Break in Construction work, increases cost.
§  Delay in funding would also lead to cost escalation.
o   Documentation & Approvals
§  All Municipalities or Urban Development Authorities have certain Rules and Regulations which one has to abide with. Front & Rear Set-backs to be left, side lane to be left, max & min height from Road level, etc are some inputs which are important. Ignorance may prove costly and cause hassles at a later time.
§  Some Important documents which you need to have are – Conveyance Deed for plot; Possession Letter from Society; Plot Boundaries details (eg, to North – 12 Mtr road, to South, Plot No x, etc); Sale Deed & Chain of Buyers & Sellers.
§  Bank Loan approval, if funding is required.
§  Approvals for Temporary Electrical, Water & Sewage Connection.
§  Rules for Rain Water Harvesting.
§  Is Solar Lighting Compulsory & whether Govt offers any subsidy on it.
§  Go through the Rules. Generally these are available On Line. In case it isn’t, get a Copy of the latest rules.
§  Approvals are many. Some of them are:
·         Plot, Measurement, Alignment & Marking on Ground by Authorities.
·         Building Plan Approval. It is very important to Freeze your Plans before submitting for Building Plans Approval.  Minor modifications are penalized in Compoundable manner, however, any Violation if not compoundable, would cause headache for you. Use a qualified architect for the same.
·         DPC approval i.e., when the construction work reaches Ground Level.
·          Approval on Completion of Building.
·         Approval from PHC (Health Deptt) & other Govt agencies, as required by the local laws.



To be continued in Part II………………………………..

Saturday, 25 March 2017

Taking / Giving Property on Rent? Our Advise----- Be Wise

Tenents. Points to be considered:
·         near / around the property, public transport, neighborhood gentry, proximity to essential markets, schools, hospitals, etc.
·         Check the safety aspects, especially for working / single women. You could get the crime rate in the area on internet.
·         Find out the age of the property. If possible, speak to the previous tenants or the neighbours.
·         by him to the property owner. This agreement is ideally drafted before the tenant occupies that place. Necessary Inclusions of the rental agreement or the Lease Deed would be;
·         Include start and end date of the tenancy
·         Monthly Rent amount payable and the date of payment- should generally be 10th of the month, especially for salaried persons, to avoid cheque bounce.
·         Security deposit amount to
·         Conditions of termination of Agreement.
·         Notice period for vacating the house.
·         Provisions of electricity, water and power facility & their payment procedure.

Property Owner / Landlord. Rented Property generates additional income by way of lease or rent. But if leased to a wrong person, could cause numerous problems. It requires substantial care and a lot of aspects have to be kept in mind while selecting the right paying guests (PG) or purchasers on rent (rent party):
·         Must check financial capability and background of the prospective tenant (Second party). (Too good offers are dangerous. If the going rental is Rs X and you get offer of Rs 2X, reject it)
·         Police verification of the prospective tenant is a must. This process helps in background check of the tenant. Not doing this is a punishable offence under Section 188 of the Indian Penal Code.
·         Take the permanent address proof of the prospective tenant.
·         Take the bank statement of the bank from which the payment cheques are made.
·         Meet the tenants one on one, interact with them and get to know them. Don’t leave it on the broker – his sole interest is Brokerage.
·         Services of Registered Brokers only must be used. If he charges service tax, (currently 14%), he should deposit the challan & give details of it to you.
·         It is imperative for the landowner to ask the appointed broker to provide the agency registration number, valid signature and agency seal/ stamp on every page of the 'Lease and License' accord so that the broker can be held accountable to look after any legal disputes in future.
·         If possible, rent your property to Tenants with families. If renting to Bachelors, obtain “Comfort Letter” from the Employer of the prospective tenant & do a call check with the Company’s HR / Admin.
·         Lease Deed/ Rental Agreement - A rent agreement or a lease deed is a legal document that contains the details of the rights of a tenant to occupy certain property for a fixed period of time in return of the rent paid by him to the property owner. This agreement must be drafted before the tenant occupies the place. Necessary Inclusions of the rental agreement or the Lease Deed would be;
·         If the period of time is 12 months or less, registration is not compulsory. If more than 12 months, you are legally bound to register which costs a miniscule amount (nearly 1% of the total rent value, depending on the local laws), making it a very authentic legal document.
·         Clear mention of Dates; to and from.
·         Notice period required from both sides; owner and tenant.
·         Rental value and the security deposit made by the tenant and any advance payments done.
·         The annual rent is generally 2-3% of the capital value and differs according to the location and amenities provided. 
·         Date of monthly rent payment (usually around 10th of each month, especially for salaried tenants).
·         Annual increase in Rent Clause.
·         Mode of payment; ECS mandate or Post dated cheques. AVOID CASH TRANSACTIONS.
·         Clear mention of the size of the property and the number of rooms, bathrooms, kitchen, etc.
Wishing you a Happy Letting out/in of your homes. You may make lifelong friends with your Tenants / Landlord. Happy Safe homes are very important.

www.colonelz.com
www.woodshastra.com



Friday, 17 March 2017

Guaranteed Returns Schemes on Real Estate

Guaranteed Return Schemes


Most of us would have come across lucrative advertisements talking of 11-12% Guaranteed returns on your investments in Real Estate - mostly in Commercial Property like Offices / Shops etc. When Banks etc are giving you just 6-8% returns, why is The Builder ready to give so much more. Its simple Finance. There are one or more of the reasons below:

  • The Banks lend only up to a limit, which is decided by various factors. They mainly dwell at high probability of recovery of the loan in case of default.
  • If the Builder wants more money, he goes to the Non Structured / Grey market, where he pays much more by way of Interest.
  • Due to his paymant capability / track record, Financial Institutions are not lending to him.

The most important point to consider is the credibility & reliability of the Proposer. Even in marriage, we commit a lot but many forget them soon enough. His commitments to you are supposedly sacrosanct, but in Indian Context, its debatable.

Hence, please don't be swayed by mouth watering offers. Follow the dictum - " Anything which is too Good, is Bad".

If you really wish to have a better return, go in for Reputed & Good Listed Companies issuing such Debt Instruments. These could be bought on line in demat form. Your money matters.
Safe & Happy Investing is very important.
www.colonelz.com

Tuesday, 14 March 2017

Ensure Your Parents Feel at Home in Retirement – A Thanks Giving Gesture
Most people in Jobs often ponder as to what it would be to have a Permanent home. Profession makes us move places, leaving us feeling deprived of the solace one gets in one’s own house, as their final abode. The feeling gets more pronounced in the twilight years. Generally, closer to retirement we try to relocate considering factors like - likely companions, suitable community, medical facilities in the vicinity, peaceful / countryside life, or for a bigger or smaller property at an aspired location.
The way you cannot forget your childhood homes, in the very same way, our retirement homes also give us a memorable treasure. In case your parents are planning to relocate as part of their retirement, you must be the key player in making their decision a happy one. How???
Where?
Just like Bollywood is all about entertainment, a good home (or for that matter any property), is heavily dependent on location, location & location. It is better to add a few extra minutes to your commute for a better home, than be in the middle of commotion.
In fact, location is the key driver of where we settle finally. In our later years, it’s very important to stay close to family and friends who would care for you and enjoy being around. We might want to finally want to make that dream home in the suburbs a reality and get out of the city life we never really cared for.
Lifestyle is paramount; and the neighborhood we are in will shape that lifestyle as much as where we sleep each night. Work with your parents to tease out their interests, hobbies, where their friends are settled and if they have an ideal location they always wanted to live at. Talk to them about how and where do they see their retirement years and start your property search there.

Requirements
Just like any other property hunt, your parents will have specific requirements for their retirement real estate. Help them audit and capture all of these. Do they need a pet friendly property? Ground floor only? Gardens they can tend to? Hobbies they want to pick up? Ask what’s non-negotiable and what’s a nice to have.
Review the myriad of options out there. Community / Cooperative living, retirement villages and communities, homes specially modified for aged needs, or a house with all close ones in an area?  A list of needs and wants will let you zero in to the perfect location.
Help them shortlist
Follow up your research with in-person visits to locales your parents are considering buying into. Interview them together and make sure their location, features, and amenities measure up. Treat it like any other property inspecting process – tick all the boxes around your requirements, get professional assistance where needed, and look under the proverbial rug to make sure there are no unwelcome surprises. Also, (I cannot emphasize enough) do a thorough check on the SAFETY and MEDICAL FACILITIES available!
Encourage a financial health check
Even if your parents are downsizing in retirement, there are costs associated with that move. Help family members get a complete picture of retirement home costs- One time & Recurring. Assess and ensure that they are well manageable, without major compromise to their lifestyle. If they’re financially adrift, use a suitable financial advisor.
Some retirement accommodations offer options for long term care, and you might want to look at insurance for this. Though it may be confronting, being honest about finances will help minimize distress and prevent disaster. Just remember that money can be a sensitive subject, and attitudes differ generationally.
Reverse Mortgage
The concept of reverse mortgage is catching up in India. It is basically a loan given by a Bank to Old people, generally 60 plus, in lieu of the property which is reverse mortgaged. The owners do not repay the loan in their Life-time. The loan amount including interest is recovered by the bank after demise of both the couple. Generally they cater for 20-25 years, but invariably the clause exists that the property can be taken over by the Bank only after the death of both – the husband & wife.
Comfort Them to Accept the Change Happily
We humans are quite averse to accepting change. There would be niggling worries & doubts, right from daily grocery supply to medics & vets. These have to be part of the Initial Research while deciding the property. These have to be coordinated & organized once relocating. Transitioning to retirement can make us worry about losing touch with the people and places that matter most. Choose retirement homes that help your loved ones maintain habits and hobbies they love, and communities that help them thrive, not wither. Identify aspects of their life that can remain constant while some things shift. 
Listen carefully to what your parents want, need and feel about the process and their accommodation options. Then step up and help them do the work, rather than taking over. By empowering your loved ones to research and make their own decisions – you’ll ensure they have ownership over those choices.
Lastly! Do visit them often, because family is happiness.

www.colonelz.com

Monday, 20 February 2017

Green Buildings - Indian Perspective

Green Buildings – Indian Perspective

Deteriorating Environmentmal conditions pan India entails we MUST focus more on Environment Friendly Buildings & Infra development. We are a country of 1.5 billion people and counting , in which 32% of population lives in urban areas.India’s  increase in commercial energy consumption in the last four decades has been 700% and is growing. Energy consumption in india will grow upto 3 times of current consumption by 2030. There is a shortage of about 250 million liters of water per day, if we only consider the major Indian cities. The crisis is approaching, lest we stem it. Green building construction presents a solution for sustainable growth.

What is Green Building? Green building, or sustainable design, is the practice of increasing the efficiency with which buildings and their sites use energy, water, and materials, while reducing the negative impacts of the building on human health and the environment over the entire life cycle of the building. Green building concepts extend beyond the walls of buildings and should  include siting, design, construction, operation, maintenance, renovation, and demolition; as also, community and land use planning as well.

There are numerous ways to make your buildings more Eco friendly. We list a few below

Sustainable Site Selection:
Easy availability of public transport/ Mass Transit system and conveniences helps cut down energy consumption for transportation. Rehabilitation of sites damaged by environmental contamination is a better option than any new piece of land where large amount of energy and resource is needed to make the land worthy of building on, thus saving large amount of energy. 

It is very important to protect the existing Flora & Fauna, the soil and natural features. Avoid hard paving on the site to preserve top soil and ease rain water harvesting. There should be minimum storm water runoff.

Sustainable Building Components / Material
Material which can be recycled, have low toxicity, nil / low harmful air emissions, as also, have a long shelf life are better. Planning the Building’s structure and dimension can reduce the construction costs. Construction and demolition material can be reused and recycled for landfills. Proper planning for managing materials through deconstruction, demolition and construction is done. 
Using renewable materials like bamboo flooring, wool carpets, strawboard, cotton ball insulation (made from denim scrap) is good. Locally available materials must be given priority; Saves transportation costs. Alternative materials that can be generated from waste with lesser energy is used over conventional building materials, e.g. alternative materials for timber, like MDF board, Mica Laminates and Veneers on composite boards should be used instead of natural timber. Industrial waste based bricks and blocks, aerated lightweight BPC concrete blocks, can be used for masonry structures and Fly ash, for bricks, outdoor paving and in concrete.

Solar Energy
Indian Govt is giving numerous subsidies, including sharing of Solar energy generated in the Grid so that excess energy generated during day can be bartered for energy at night, thus being economically efficient, as also environment friendly.

Water Efficiency
Installation of water efficient or low flow equipments in kitchens and bathrooms to reduce water consumption is very important. Newly designed Vapor generating taps save 80% water while being as efficient.
·      Incorporating waste water management technologies like dual plumbing for using recycled water in toilet flushing or using water conserving fixtures such as low flow shower heads, self closing nozzles on hoses, water closets with dual flush options.
·      Use of Micro irrigation techniques at sites instead of high pressure sprayers.
·      Recirculation system for centralized hot water distribution.
·      For landscaping purpose, local plants and trees are used as they consume less water.
·      Provisions for reusing and recycling water are made to ensure efficient water management.
·      Using treated waste water, non potable water for site irrigation. Raw sewage can be recycled using aquatic plants like duckweed and water hyacinth to produce clean water suitable for re-use in irrigation and industry.
·      Integrating Rain water harvesting system in building design to ensure maximum possible utilization of rain water.

1billion square foot building area has been certified as green by leading green building rating system LEED-INDIA.
There are two established Green Building rateing system in India.
-       LEED-INDIA
-       GRIHA

Some Green Building Projects in India
·         Suzlon Energy Limited - Pune
·         Biodiversity Conservation India - Bangalore
·         Olympia Technology Park - Chennai
·         ITC Green Centre - Gurgaon
·         The Druk White Lotus Schoo l- Ladakh
·         Doon School -  Dehradun
·         Raintree Hotels - Chennai
·         Nokia - Gurgaon
·         Rajiv Gandhi International Airport - Hyderabad

·         Palais Royale at Worli – Mumbai