We use water for many purposes like drinking, washing, bathing, cooking etc. Most of the time we take water for granted. It is only during the summer season we can understand the value of it, when we have to face its shortage.
Wednesday 21 March 2018
Every drop is precious, please use it judiciously.
We use water for many purposes like drinking, washing, bathing, cooking etc. Most of the time we take water for granted. It is only during the summer season we can understand the value of it, when we have to face its shortage.
Thursday 15 March 2018
Common Home Inspection Mistakes to Avoid before you Buy
Since buying a house is a matter of lakhs and crores, you should think a hundred times prior to the investment. Inspecting a chosen home is imperative as a small mistake can leave you regretting forever. Proper inspection will enable you to make better decisions before investing your hard-earned money. There are certain home inspection mistakes that first-time homeowners often make. Whether you are planning to buy 3BHK or 2 BHK flats in lucknow for sale, you should keep away from these mistakes to purchase a home offering 100% satisfaction.
Here are some of the common home inspection mistakes that should be strictly avoided:
Not Availing Home Inspection Services:
Not availing home inspection services would be a big mistake on the part of a home buyer. Simply getting the services of a home inspector would not solve the problem. You just need to ensure that the chosen professional is competent, trustworthy and offering the services for years. Check the internet to find if the inspecting company you have chosen as the service-provider has received positive reviews from its previous clients.
Gather Information on the Property:
Prior to buying a residential property, it is always recommended to extract detailed information on it and its value. It would be extremely foolish to assume that since a property has gone through all legal formalities, it is free of problem. Builder with a good reputation does not mean that it did everything correct. You need to get the property thoroughly inspected to see if the amenities promised are in place.
Not Being Present During Inspection:
Availing the services of a inspection agency does not mean that you need not be present while the inspection procedure is going on. You need to be present
on the site and inform the inspector about your checklist. In this manner, you will be able to avoid various issues causing unnecessary expenditure later on.
Not Following the Inspector’s Suggestions:
You may have to pay a big price if you do not listen to what the inspector suggests. Purchasers, sometimes, do not according to the inspectors’ advice to avoid certain expenses. However, later on, it may lead to difficult repairs leading to hefty expenses.
Following the Inspector Blindly:
Even if you have selected a top-notch inspection company as your service-provider, you should not blind the agency blindly. No doubt, that a reputed inspector will always try to offer the best services and ensure your full satisfaction, but it cannot be always correct. Consider the suggestions the inspector offers and check if they are logical and how they would help you before implementing them.
Keeping away from the above mentioned mistakes would help you make the right investment decision. No matter if you want buy 3 BHK or 2 BHK flats , you will be able to invest on a worthy property. Research thoroughly on the internet to find out a dependable inspector who has been in this job for quite a long time and has gained the trust of a considerable number of clients.
Monday 26 February 2018
5 Signs that a Home is not the Right one for your Elderly Parents
As a grown up professional and responsible person of your family, you may be expected to take good care of all your family members. Not just your wife and your kids but your parents have equal expectations from you when they grow old. Now is the best time to pay back for all what they have done to bring you to this successful stage in your life. A feeling of togetherness, love and respect is all that they expect from you. While they stay with you in your residential apartment in Lucknow, it is important that you pay special attention to the following factors that are the signs of not the right type of house for your parents.
Difficult to Access
In case you are staying on second or third floor and your parents are growing old and finding it difficult to walk, they may not be comfortable to reach the home that is on or above 2nd floor and devoid of elevators. This is one of the most important things that you should check before buying or moving into a new house. An ideal house for your old age parents can be on ground floor or first floor. Remember that they may need to go out of the house on a daily basis and they may not appreciate long distance stairs walk.
It is located at Isolated Place
A very important factor to be considered before shifting to a new flat is the safety of your parents. In case you stay with your elderly parents, their safety and concern should be your utmost priority. Never choose a home that is located at an isolated place or far from the market. It is extremely essential that your home is surrounded by a well populated neighbourhood with good cultured and well behaved people that can give a sense of security and safety for you as well as your parents.
No option for social life
While a person grows old, he tries to spend more and more time by involving in creative activities. The same can be true for your elderly parents as well. They may be looking to find good company of friends, relatives or neighbours that can be their good friends in this old age. The time spent with family, friends and other old age colleagues can be extremely memorable and enriching. Thus always keep in mind this critical factor while moving into a new house with your elderly parents.
Noisy Neighbourhood
In case your neighbourhood is extremely noisy during the day time or at night, it can be extremely stressful and a cause of dis-comfort for your elderly parents. All the elderly parents are looking for a peace of mind during day time anNoisyd a sound sleep at night. Now if there is constant unwanted noise that can disturb your elderly parents and interrupt the harmony in your house, it will result in a negative atmosphere. Elderly parents always prefer to stay away from unwanted noise and chaos and thus a calm, quiet and peaceful society can just be conducive for their health.
No Parks or temples nearby
Most of the elderly parents love to spend some part of their daily time in social gatherings such as temples, NGOs and parks. This not only results in effective utilization of their time but also ensures their healthy and well-being. Spending time in temples can give them the required mental happiness and peace of mind.
While selecting a residential apartment in Lucknow for your elderly parents, please take note of the above factors and plan accordingly.
Sunday 25 February 2018
2 BHK+ Study & 3 BHK Independent Floors at Lucknow Kanpur Road, Lucknow
Enjoy Bungalow Lifestyle in Independent Floors Luxury Redefined
Gardenia Residency is an elegantly designed luxurious, spacious and airy low-rise residential project of our prestigious mega township Paarth Republic on Lucknow-Kanpur road.
Gardenia Residency does not restrict itself to offering you just 2 BHK + Study, 3 BHK and 4 BHK independent floors. The residential Floors comes with several unique and interesting features and amenities such as gas supply through PNG pipeline, RO water system, exclusive parking slots for each floor, fully air-conditioned independent floors, Modular Kitchen.
Special Features:
VRV System * Modular Kitchen * Lush Green Surroundings * RO System * Video Door Phone * PNG Pipe Line
Visit: http://www.paarthinfra.com/gardenresidency.php or call at 18001025914 for booking and site visit.
Email us at: sales@paarthinfra.com
3rd floor, Eldeco Corporate Tower,
Vibhuti Khand, Gomti Nagar,
Lucknow-226010, U.P.
Phone: 0522-4935900
Monday 19 February 2018
How to Choose the Right Location for your Real Estate Property
Real estate investment is best understood as a business. An excellent location for your investment creates an enormous economic benefit. Once you own properties in a location that your end customer loves, the advantage is yours. You can get the highest rents or prices, enjoy the lowest vacancy rates because your tenants will stay longer, and increase your resale prices. It is therefore essential to check whether the location of the property respects local zoning and environmental regulations in addition to having the right size, layout, and appearance.
Choice of Location from a Macro Economic Perspective
Firstly, it is important to analyze the location of your property from a larger geographical perspective, like which country, region or city. Some of the criteria that could be used for the selection include: jobs and economics, population growth or rent/price ratio.
Jobs and Economics: Real estate investments only work if the customers who live in them have good jobs. If there is a factory in your locality and it shuts down, then simultaneously jobs will be lost, rents will go down and vacancies will go up that will ultimately affect the resale value of your property. This may affect your ability to sell it. Thus, it makes sense to analyze the job market of your location including
a) the number of jobs in the overall market
b) the average salary of workers,
c) types of jobs, and
d) diversity of jobs.
Population Growth: In addition to the job prospects in the region, it makes sense to analyze the population trends. People tend to move toward regions with better job prospects. A region with an increasing population will witness higher demand for housing. This means that a higher demand + limited supply will lead to increased rents and higher values.
Price/Rent Ratio: The price/rent ratio is a simple way to begin financially evaluating an area for its overall economic efficiency. It is the ratio of the median price divided by the median yearly rent. For example, a residential property in Kanpur Road Lucknow has a median housing price of INR 40,00,000 and a median yearly rent of INR 300000, the price/rent ratio will be 13.33 (INR 40,00,000 ÷ 3,00,000). The higher the price to rent ratio, the worse will be the market for real estate investing, especially for rentals. A balanced price/rent ratio for a particular location is preferable over too high or too low price/rent ratio for investment purposes.
Choice of Location from a Micro Economic Perspective
Real estate investments have very local impacts. Preferences of consumers for housing vary by location. Below are some criteria that consumers use to analyze the location for their real estate investment.
Convenience: The closer the location of the property to the major economic center, the better. This is because consumers desire to live close to the economic centre as this gives easy access to jobs, shopping and entertainment facilities. As investors, we want to choose a location for our investment where most people want to live.
Aesthetics and Amenities: Consumers usually prefer a location that is aesthetically appealing and offers a lot of amenities. Proximity to parks and green spaces, streets lined with tall trees, presence of sidewalk-lined boulevards, availability of commercial districts with interesting, local shops and restaurants, coffee shops, pubs, and beautiful views of water bodies, mountains, or other landscape features can be major attractions for real estate investments.
Walkability: A location which offers a friendly environment to walkers can increase the demand for real estate in the locality. Improving walkability has become important subject for city planners and urban designers. Walkability can be improved by providing greenways (walking and biking paths) that connect to green spaces, residential areas, institutions, work places and commercial areas in the area. Studies reveal that walkability is correlated with higher property appreciation and more price resilience during downturns. In cities, the connection between walkability and valuable real estate has been found to be consistent.
Safety & Security: High crime rates can instill fear in residents of a locality and can deter them from wanting to live in that area. On the other hand, adopting means to ensure safety and security in the region can increase the real estate demand.
Access to public transportation: In urban areas, proximity to public transit like buses, taxis trains, and subways is an important factor for housing. While investing in a property, you may want to focus first on locations served by the local transit routes.
The right location will give you the highest financial rewards while a wrong location can reduce its valuation.
This article provides a guideline that can be used to perform a market analysis for your location at any stage of investing. This will help you choose the best location for your real estate investment.
How to Evaluate a Residential Property
While planning to buy a residential property, there are certain considerations that can help you make the best choice. The most common idea is that real estate is all about location. However real estate is not one dimensional. It has so many aspects to it apart from location.
These following four factors can help you evaluate an investment: Location, Financials, Repairs, and Current Market.
Location:
Location is one of the most important things to consider when evaluating a potential investment in a residential property. Flats in Gomti Nagar Extension Lucknow were sold very easily because of their location. Since one is going to be a part of the neighborhood for a long time, it is necessary to study the neighborhood and decide on it. Always survey the neighborhood before you commit to it. Some important facts to consider while choosing a location include: whether the area is suburban or urban, proximity of retail shops, transportation hubs, hospitals, and schools, demand and supply of tenants, walk ability, safety and security, access to public transportation, population growth in the region, prospects for future employment and economic growth in the region etc. If your property is not in a location that allows you to have a healthy work life balance, select one where minimum number of family members have to travel long distances.
Financials:
Firstly, know your budget. How much can you put into this investment? How much can you afford to lose? If you need additional funds, where will you get them from? What will your monthly EMI and interest rate be? Secondly, look at the value of the property. Price is what you pay. Value is what you get. After analyzing your expectation of values from the residential property, hunt for properties that are least priced. Understanding the net present value, internal rate of return and cap rates, will allow you to evaluate potential investments' performance.
NPV:
The NPV formula helps you to get an accurate estimate of the value of your investment opportunity by subtracting the present value of the money invested from the present value of cash inflows, taking into account that the depreciation of value of money over time. This helps to estimate the current value of the money one can expect to earn over a specified period of time and whether the value of these future earnings will exceed the current value of money invested.
Internal Rate of Return (IRR):
The internal rate of return is the discount rate, or interest rate, used to produce an NPV that equals zero. A higher IRR is better. But like NPV, the IRR calculation is dependent on the timing of cash flows throughout the time period when you are holding the investment property.
Cap Rates:
Cap rate or capitalization rate, is a measure of the rate of return on your investment based on the annual net operating income (NOI) for your property. The cap rate is calculated by dividing the property’s annual NOI by its cost or current value. This gives a quick and simple understanding of potential returns. If the market’s Cap Rate is not known, then one should consult with a local real estate broker. Once the Cap Rate is determined, divide the NOI by the Cap Rate in order to get the current value of the property.
Comparative Market Analysis (CMA):
After doing the above financial analysis, it may be useful to do a comparative market analysis. This will give an idea of the comparable properties available in the area for sale. This will ensure that you are not over-paying for the property.
Repairs:
Before investing in a property, evaluate what repairs are necessary and what will be the expenditure on maintenance. Does the property need just a coat of paint and new carpet or does it need extensive work including new plumbing, electric, floors, walls, etc. Secondly, analyze how much you can afford to pay for these repairs. Your construction budget for materials and craftsmanship will also vary widely depending on whether you are renovating a property having high valuation or it is simply a flat for rentals. Generally, repairs cost more than you have planned for. If you hire a contractor, a two-week job often turns into four weeks. There could also be unexpected expenses. You may also end up paying higher property taxes, and insurance on the vacant property while these additional repairs are completed.
Current Market:
While making an investment, you need to look at what is trending in the real estate market now and adjust your plan accordingly. Another thing to look at when buying a property is its resale value. Highly desirable assets are those that can be easily bought and sold regardless of the market. They are always in demand and must be considered while making a purchase. One must also look into the reputation of the builder and make an assessment of the quality of projects completed by the builder.
Look for builders who have been in business for years, have developed a good portfolio of real estate projects and are known for their integrity. Paying a higher premium for such properties can even turn beneficial as this will end up saving cost and pain in the future.
Before making an investment, evaluate your residential property using the parameters mentioned in this article.
Thursday 15 February 2018
Passive Cooling Techniques for Buildings in Hot and Humid Climate
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| Paarth Arka Project |
We have described some passive cooling strategies that can effectively keep your house cooler without using expensive mechanical cooling systems.
Building Orientation
Proper building orientation can provide maximum benefits from cooling breezes in hot weather and shelter from undesirable winds in cold weather. A wind rose diagram can be used to see which winds to take advantage of or avoid. Generally, orienting the building so that its shorter axis aligns with prevailing winds will provide the most wind ventilation, while orienting it perpendicular to prevailing winds will provide the least passive ventilation. Sun diagrams can also help immensely in determining where and when sunlight enters a building, allowing the architect to accurately design sun shades, placement of verandahs, kitchens and bedrooms. Successful orientation rotates the building to minimize energy loads and maximize free energy from the sun and wind.
Cross Ventilation
The strategy of cross ventilation relies on wind to pass through the building across oppositely placed window openings. These openings, located on opposite sides of the space are called the inlet and outlet. The sizing and placement of the inlets and outlets will determine the direction and velocity of cross ventilation through the building. Generally, movement of air from a smaller opening into a larger one increases the wind velocity as it acts as a funnel.
Correct Windows Design
Adequate size and number of window openings are critical parameters in the passive cooling technique. Large windows allow more air to flow in removing moisture from the air. The location of the opening is equally important in building design. Usually, in a tropical climate like that of India, south east facing windows are most preferable as this is the direction where the prevailing winds blow.
Shading
A properly designed shading system can effectively contribute to minimizing the solar radiation that induces overheating. Shading both transparent and opaque surfaces of the building envelope will minimize the solar heat gain in both indoor spaces and building’s structure. By shading the building structure, the heat gain captured through the windows and envelope will be reduced. Permanent shades can be used on all walls and windows to exclude solar access and rain. The entire building can also be covered with a fly roof. The outdoors of the building can also be planted with large trees and structures that prevent the direct sun rays to enter the building envelope.
Heat reflective roofs
Roofs painted in white or special pigments can effectively reflect more sunlight from the surface. Such paints are very thick, thus preserving the roof surface from UV rays and chemical damages. Roofs can also be constructed with gentle slopes that increases the solar reflectance. Green roofs are also an effective way to keep the temperatures of the interiors as low as possible.
Thermal Insulation
Thermal Insulation is achieved through a combination of materials, which retard the flow of heat into the building. The materials can be adapted to any size, shape or surface, and forms. Insulating the building envelope will decrease the amount of heat transferred by radiation through the facades. In context of passive solar design, insulation can be used together with thermal mass. Thermal mass is a dense material that can store and radiate heat. Insulation allows a warm building to stay warm and a cool building to stay cool. Some materials that can be used for insulation include Structure Insulated Panels (SIPS), Insulated Concrete Forms (ICF’s) etc. Green roofs can also act as a thermal insulator.
Thermal Mass
Heat gain modulation of an indoor space can be achieved by the proper use of the building’s thermal mass as a heat sink. The thermal mass absorbs and stores heat during daytime and returns it to the space during night. As a general rule, thin tall buildings encourage natural ventilation and utilize prevailing winds, cross ventilation, and stack effect. Thinner buildings increase the ratio of surface area to volume. This will make utilizing natural ventilation for passive cooling easy.
On the other hand, an elongated floor plan will make natural ventilation difficult and may require mechanical ventilation. Tall buildings increase the effectiveness of natural ventilation as wind speeds are faster at greater heights. This improves not only cross ventilation but also stack effect ventilation.
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