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

Tenants. 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 neighbour.

·         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 10^th 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 minuscule 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 10^th 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

 

Green Buildings – Indian Perspective

 

Deteriorating Environmental 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 unto 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 a 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, straw board, 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 equipment 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.

·      Re-circulation 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.

 

1 billion sft building area has been certified as green by leading green building rating system LEED-INDIA.

There are two established Green Building rating 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 School - Ladakh

·         Doon School -  Dehradun

·         Raintree Hotels - Chennai

·         Nokia - Gurgaon

·         Rajiv Gandhi International Airport - Hyderabad

·         Palais Royale at Worli – Mumbai

www.colonelz.com

 

 

Create an Aesthetic Space for Coffee Lovers

From a group of friends to couples to working professionals, nobody minds stopping by a coffee shop. A coffee shop usually attracts a wide variety of customers. The interior of a coffee shop plays a major role in engaging guests. An elevated aesthetic look and increased comfort can urge customers to become loyal patrons.

You can create an alluring space for your business with these coffee shop interior decor ideas:

·         Create an interior that reflects your brand and mission.

·         Emanate an ambience that is apparent to your patrons.

·         Choose your lighting wisely. Use organic lights to conserve energy.

·         Make the space interactive and Insta-worthy.

You can give an even more aesthetic look to your coffee shop interior by incorporating the following themes:

Industrial Style Interior

Take inspiration from factories, warehouses and other interior spaces. Opt for a colour palette which includes hues like grey, black, tan, white or maroon. Here’s all that you need to include in your decor:

·         Exposed architecture

·         Metal accents

·         Block shapes

·         Squared lines

·         Mechanical components

·         Use of vintage components

Mid-Century Interior

In the mid-century, from 1930s through 1960s, materials were celebrated for their uniqueness. Explore new materials in the light of new technology, while still celebrating traditional ones. For the hues, stick to neutral colours like light greys, browns and creams. Include these decor pieces to give your coffee shop a classic mid-century look:

·         Unique or contrasting materials

·         Clean lines

·         Organic and geometric shapes

·         Tables and chairs with tapered legs

·         Cozy and convenient furniture

Rustic Interior

This tone of interior will feature organic and natural elements. Country or farmhouse decor is also apt for creating an in-the-woods atmosphere. Neutral colours such as tan, cream, brown and green give an aesthetic rustic essence. Use the following to amp up the rustic feel of your coffee shop:

·         Lots of natural elements like real plants and flowers

·         A mix of different types of wood

·         Galvanized planters

·         Farmhouse components

·         Emphasis on rugged beauty

Vintage Interior

The vintage decor includes styles from a variety of decades. It draws inspiration from the past and emanates a romantic, charming atmosphere. You can play with pastel or faded colours like burgundy, light orange, peach, mustard, yellow and sea green for creating a vintage look. Enhance your vintage coffee shop interior with these decor pieces:

·         Floral accents and wallpapers

·         Mahogany wood

·         Stained glass lamps

·         Elegant patterns and designs

·         Distressed couches and chairs

·         Vintage luggage

·         Pieces with ornate elements

·         Tablecloths with intricate patterns

Modern Interior

Modern style decor is a fairly new concept. This style follows function which means all furniture and decor pieces should feel very 20^th century. Modern interior is simple but with a practical and intentional purpose. A modern environment can be created in a coffee shop by using colours like brown, taupe, cream or pure white. You can include the below mentioned decor pieces to give your cafe a modern look:

·         Smooth surfaces with crisp lines

·         Very light or dark wood tones

·         Clean and organized pieces without any clutter

·         A blend of comfortable and sophisticated elements

·         Clean metal accents

·         Lack of intricate detailing

Adhering to any one of these styles, you can also include these decor accents in your cafe to make the space more engaging and immersive:

·         Magazines and books

·         Artwork

·         Tableware

·         Music

At Colonelz, we have a variety of interior decor ideas best suited to the unique need of our customers.  Our team of professionals focuses on your requirements to create a space which compliments your concept and use.

 

www.colonelz.com

CERSAI & HOME BUYERS

CERSAI & HOME BUYERS

With the growth in Real Estate as an Industry, the number of Fly by night operators became unmanageable. The main sufferers became the Ignorant & Innocent common man- The Home Buyers. To prevent loaning with the same Asset Class as the Collateral, the Govt came up with one of the Internationally common practice of CERSAI.

What Is CERSAI, and why is it Relevant to a Home Buyer?

Central Registry of Securitisation Asset Reconstruction and Security Interest (CERSAI) is the Central Online Registry on the security interest. As brought out above, it aims at preventing frauds in lending against Equitable Mortgages, so that people don’t take multiple loans on the same asset from different banks. 

Legal problems are bound to happen when the same property gets linked to two loans from two different banks at the same time. It was quite common earlier, as there was no way to check whether a property has been mortgaged. To obviate these these issues, CERSAI was introduced to the real estate industry.

What is the Purpose of CERSAI?

CESAI was introduced in March 2011 to make mortgage transactions more transparent. CERSAI, is a licensed company, wherein, 51% of the equity is owned by the government, and the rest is owned equally by National Housing Bank and 10 other public sector banks.

CERSAI’s mandate was to maintain a Central Registry of  Equitable Mortgages. It contains data on the equitable mortgage taken on a property and the details of the Financial Institutions that extended the loan and the Details of the Borrower. CERSAI also allowed lenders to register transactions of securitisation and asset reconstruction. The ledger of CERSAI  therefore, contains the details of the borrower and lender.

It is Mandatory for All Financial Institutes to register all Loaning Information in CERSAI. The registration should be completed in 30 days in order to attend to the security interests. In January 2016, the mandate was extended further to start registration of security interests created on movable and intangible assets such as accounts receivables, book debt, and hypothecation as well as to start registration of all other types of mortgages used in India.

Register in CERSAI

Residential Construction Services also are under CERSAI, where the mortgage is involved. One can register using their website. There is an “entity registration” form available on the site. A digital signature is the access to the CERSAI portal. Once the form is filled, it has to be downloaded and signed by the authorized personnel and sent to the prescribed CERSAI address along with the necessary documents. Once the process is completed, a tab on the progress online can be kept.

CERSAI Charges

“What is the CERSAI charges for home loan?” The registration fee keeps changing from time to time. If you want to take a loan from a bank, you will have to pay a charge that would include the upfront or processing charges. The CERSAI registration charge and processing fee was clubbed from 1st January 2014. The cost is the same across all lenders in the country. The loan amount will ultimately determine the registration fee.

Loans that are above 5.00 Lacks will have to pay Rs. 500 + GST. Loans that are below 5 Lacks will have to pay Rs. 250 + service tax. If there is a delay in making updates regarding the transactions with CERSAI, it could result in a penalty.

Concluding Thoughts 

CERSAI and Credit Information Bureau India Limited (CIBIL) have joined hands to make the borrowing and lending process more streamlined. Lenders will be able to make lending decisions better because of this tie-up. It benefits both parties, ie the Borrower & Lender.

www.colonelz.com

Having Problems with Storages in Toilets?

Having Problems with Storage in Toilets?

Invariably, our storages in toilets & wet areas get spoilt over a period of a couple of years. So what is the remedy? For some time, a solution in the form of WPC is being used successfully. The material is ideal to be used in areas where some water splash on your storages / cabinets are likely. These are a good substitute. Please don’t use it as a water proof material, but as a water resistant material. While fabricating, one must understand that the hinges etc are of metals & would need extra care to prevent them from rust & resultant decay.

What is WPC-Wood Plastic Composite?

WPCs are composite materials made of wood fibre/wood flour and thermoplastic(s). The material has a proportion of 70 percent cellulose content (although 50/50 is more common) to plastic, the mechanical behaviour of WPCs is most similar to neat polymers (fibre plastic).

Advantages of WPC:

·         WPCs do not corrode and are highly resistant to rot, decay, and Marine Borer attack.

·         They have good workability and can be shaped using conventional woodworking tools.

·         WPC is considered a sustainable material as can be made using recycled plastics and waste products of the wood industry.

·         The material carries the ability to be moulded into almost any desired shape.

·          A WPC member can be bent and fixed, to form strong arching curves.

·         It lacks the need for paint.

·         WPCs are manufactured in a variety of colours.

Disadvantages of WPC:

·         It is not fully water resistant as the wood fibres embedded within the material do absorb water. However, it is not very susceptible to effects of water.

·         Although these materials continue the lifespan of used and discarded materials, they have their own considerable half life or less; the polymers and adhesives added make wood-plastic composite difficult to recycle again after use.

·         WPCs have a lower strength and stiffness than wood.

·         Also, they experience time and temperature-dependent behaviour.

·         The wood particles are susceptible to fungal attack, though not as much so as solid wood, and the polymer (plastic) component is vulnerable to UV degradation.

·         It is possible that the strength and stiffness may be reduced by moisture absorption and freeze-thaw cycling.

·         Some WPC formulations are also sensitive to staining from a variety of agents (even water at times).

·         WPC has higher fire hazard properties than wood alone, as plastic has a higher chemical heat content and can melt.

www.colonelz.com

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