Trimurty Archives - Page 14 of 19 - Trimurty Builders Blog

Ministry Notifies Rules 2016 Real Estate Act

November 8, 2016

A lot has been said and written about the Real Estate (Regulation and Development) Act 2016. At its core is to bring accountability and transparency in the real estate sector, which it intends to do with the formation of new regulation both at the buyers and builders end.

As for 1 Nov 2016, rules are only notified by Ministry of Housing and Urban Poverty Alleviation that will be applicable on five union territories – Daman & Diu, Andaman and Nicobar, Chandigarh, Dadra & Nagar Haveli and Lakshadweep. Other states like Karnataka, Rajasthan, and Maharashtra are still under process to either notifying or rule formation.

According to the act, regulatory authorities have to be put in place by respective state governments by 30th April 2017, i.e. a day before the act is scheduled to come into effect. Below are mentioned, HUPA rules that will now serve as guidelines for state governments.

So, if you are a homebuyer, here’s what the act has in stock for you –

1. Buyers can demand compensation or refund at an interest rate of SBI’s MCLR (marginal cost of lending rate) plus 2%.

2. Within 45 days of the claim raised by the buyer, builder would have to repay the amount

3. Builders can withdraw the amount from the special account in proportion to the completion of the project.

4. Under RERA, builder would have to maintain full transparency regarding the company and its projects

5. Disposal of complaint within 60 days of filling

6. No discrimination about sale of property

If you are a builder, here are some points for you to note –

1. Fee for project registration reduced to half

2. Compulsory to register the property with authorities

3. Builder will now have to specify completion date at the time of registration

4. Declare information about open and closed parking areas

5. Insurance of the project now mandatory

6. Declare the size of the project in terms of carpet area

7. Regular updating of the site regarding project status

8. As relief, builders are now not required to disclose their income-tax returns

9. Within three months of applying for project registration, a separate bank account has to be opened for depositing 70% of the amount collected and unused ensuring completion of the project.

Tips to Transform Ordinary Homes into Eco-friendly Living Space

November 4, 2016

It’s not an everyday affair that we take up restoration work at our houses. So, whenever such activity is planned, one must try and make changes keeping in mind the eco-friendly aspect of the same. Below are mentioned few tips (both modern and traditional) that’ll increase the green quotient of your house.

1. Water Harvesting

Such a change will go a long way especially in drought prone states like Rajasthan, Gujarat, Andhra Pradesh and Orissa. Whether you live in an independent home or a flat, water harvesting installations can preserve rain water. Also, are available bathroom fittings like motion sensor faucets, low-flow toilet and shower heads that can replace the regular ones to save water.

2. Proper Ventilation and Insulation

The flow of air and penetration of sunlight brings in positivity in a house. Big glass windows are a good solution and also increase rental and resale value of the property. But glass windows hinder the efficiency of cooling and heating system. As a solution, eco-friendly products like recycled cloth-based, plant-based, and cotton garments can be used for insulation.

3. Energy Saving Appliances

Energy saving appliances can cost a little extra than the standard ones, but with their electricity saving ability you will end up saving much more that the additional purchase cost incurred.

4. Air-Conditioner Care

See that the A/C gets regular service, as it will reduce significant load from the machine. Also, when opting for the new ones see that they have high energy saving rating.

5. Plants

Keep both indoor and outdoor plants in your home. While the inner ones will purifier the air, the outer ones will help keep the house cooler.

6. Alternate Source of Power

These days a wide variety of solar cells are available in the market. People living in independent houses can opt for the slightly bigger ones that can be installed on the roof. While for apartment residents options of solar panels that can be mounted on balconies, windows, etc. are available.

Know How to Make your Home Earthquake Ready!

November 2, 2016November 3, 2016

Earthquake is one such natural disaster that can happen anywhere, anytime. It doesn’t require any ice covered mountain (as in the case of an avalanche), sea or a lava filled cone that hints towards a potential disaster in the near feature. Only the release of energy in the earth’s crust can lead to this life threatening catastrophe.

Now the big question is – Is your home earthquake resistant? If yes, then are there any other precautions that can further enhance its earthquake fighting strength. Well, there are certain safeguards, adherence to which will enhance the safety of your home and loved ones by manifold.

Earthquake Drills, it may sound a bit eccentric but these drills can prove lifesaver when an earthquake actually strikes. Apart from selecting the safest spot in your home, discuss a meet up location, if in case you lose communication with each other.

Lower Rack Storage Items, always store glasses, bone china and bottled food items on the lower shelves. So, that in the case of a turbulence no one gets injured by falling of these items.

Overhead Fixtures, ensure that ceiling hanging lights and fans are properly anchored.

Flexible Pipes, take a note that all water and gas connection pipes are made out of fixable material. This will ensure high tension taking ability and leak free nature of the pipes during a natural calamity.

Bolt Heavy Objects, items like mirror, refrigerator, water heater, television and shelves should be fastened to the wall to avoid injury from their falling.

6. Take all Repair Work on Priority, call concerned professionals and get all detects repair without any delay.

7. Check the Moisture Content; see that the house or the apartment is anchored strongly to the foundation. Look out for loose soil that may be caused by heavy rain and improper drainage system, as it can cripple the foundation.

Tenants – Know Your Rights & Learn When to Say NO

October 26, 2016

Tenancy culture is popular in India, with every other house offering additional residential options for families/students that are looking for one. But with the growth of this wing of housing sector it has been widely noticed that tenants are unaware of their rights and in most cases are dominated by the landlords.

The lease agreement is a piece of paper that defines the boundary of tenant-landlord relationship. Therefore, in the event of any misconduct witnessed on either end, it is this lease document that’ll help bring both parties to justice.

Through this article, we bring into light rights of a tenant and under what circumstances he can say a clear cut ‘NO’ to a claim or conduct of the landlord –

1. No intrusion

After signing the lease agreement, the landlord loses his right to break into the rented property anytime and disturb the peace of the tenant.

In short, every tenant has the right to enjoy peaceful possession without disturbance from anyone including the landlord.

2. Forced Extension

Owner holds no right to force the tenant to continue with the tenancy deal. After giving a valid reason, every tenant has the right to vacate the property.

3. What if the Tenant Dies?

If the tenant dies, it is his lawful heir who after him will continue with the tenancy deal. The landlord does not hold the right to ask the heir of the tenant to vacate without giving a valid reason.

4. Oral Agreement

According to the government of India tenancy laws regime, all agreement exceeding the time frame of twelve months are required to go in writing. So, if the landlord insists on an oral agreement, tell him that you’d rather prefer everything in writing.

5. Passing on the Liabilities

As per law, any expense born on the structural changes or damages are to be fulfilled by the landlord.

6. Deposit Settlement/ Return

Tenant has the right to ask the landlord to settle the rent against the deposit amount during the notice period.

If that is not the case, when the tenant is vacating the property, landlord is under obligation to refund the security amount deposited.

7. Revision in Rent

The landlord can only increase the rent in accordance to the terms agreed upon in the loan agreement. Also, the increase in rent amount should obey the state law proposed formula to calculate hike percentage.

8. Evict the Premises

At no given point of time can the landlord ask the tenant to evict the property. Not only he is required to give the tenant a valid reason but also a reasonable time frame ( 1 month, as per law) to search for an alternative.

For Chikungunya Free Home, Keep Mosquitoes at Bay

October 24, 2016

Mosquito born diseases like Chikungunya, Dengue and Malaria, are at the spread these days and have become a major reason of tension and chaos for many Indian households. In situations like these, it becomes necessary to keep one’s home as clean as possible and opt for remedies that’ll help keep mosquitoes at bay.

Apart from adopting for through home cleaning routine, it becomes necessary to opt for natural remedies (free from harsh chemicals) that do not have any adverse affect one’s health.

Below are mentioned some tips that’ll help you, and you home get rid of the mosquitoes –

1. Plant Tulsi at your home. It has unique medical properties that mosquitoes find hard to breed in.

2. Lemon scent serves as a mosquito repellent. Use lemon juice and detergent mix on a daily basis to clean your home.

3. Neem oil when mixed with coconut oil serves as one of the best mosquito repellent lotions. Also, you can burn neem oil in a lamp; it makes the air unfit for mosquitoes to breed.

4. Burn camphor and shut all the door and windows for some time, it helps to repel mosquitoes.

5. Essential oil creates harsh breeding grounds for mosquitoes. Add a few drops of citronella essential oil in mopping bucket or a spray bottle with water and use it on a regular basis.

6. If you have a garden area in or around your home, see that it doesn’t have cans, bottles, coconut shells or like in which water can get collected.

7. If you have a swimming pool, take a note that it gets cleaned regularly.

8. Don’t litter in the open, opt for garbage bins with cover.

9. Lavender and tea tree essential oils can be used to clean kitchen top and the similar area as they too have antibacterial properties.

10. Potential water stagnant area like air-con duct, trays beneath the plant and overhead tank should be cleaned and checked on a timely basis.