Benefits and Tips to Keep your House Clean

Thinking of keeping your room and house clean might makes you feel irritated, lazy and nauseous. But there are unexpected benefits to keeping your home clean you can’t even think and you won’t realize it until you experience it.

 

Benefits of clean room and house:

  • Stress reduction: Keeping your room, house, and apartment clean will help to reduce down your physical and mental stress. Psychology says that cleaning not only helps to declutter your room but your mind too.
  • Escalate productivity: When you see good, beautiful and organized things, the cells in your mind get activated that leads you to feel more energetic this will increase your productivity levels.
  • Boost self-esteem: Accomplishing any work or target helps you to build your self-esteem. So you feel accomplished when by making your bed and keeping room and house tidy.
  • Good-night sleep: When you keep your surrounding clean the atmosphere around you is filled with positivity which reduces your stress and that will make you sleep well.

Tips to keep your room and house clean:

  1. Making your Bed
    As soon as you get up to start your day by making your bed which will make your room look put together also this will less than a minute.
  2. Take Out Put In
    If you take something out for use, you should keep that back in its proper place. Sounds simple! But it is very difficult to be consistent. Make this a habit and inculcate this in all your family members.
  3. Clean & Wipe
    It does take some effort but it is very easy once it comes in your habit. Start with cleaning sink and wiping bathroom floor to keep it dry. Cleaning the kitchen encounter after preparing your meal also do wipe the table after having your meals. Fix a day or two in a week to clean your toilets, bathroom’s walls, showers.
  4. Doing dishes
    This will help your kitchen not to turn into a monster. After every meal do your dishes even if it is a cup of tea or coffee.
  5. Laundry
    Don’t wait for stinky and dirty clothes clogged up to large numbers. Spread it out evenly every day. It is very before going for a bath just put your dirty clothes into the washing machine and it will get clean in the time you take your bath.
  6. Do little every day
    Don’t try to get it ‘all’ done in a day or every day. Just do something each and every day and you’ll get over the feeling of need to clean your house all at once.  With a simple cleaning routine, you’ll find that maintaining the basics every day is really the secret to a clean and tidy home.

Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh, India

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Things to check before buying Real Estate.

“Better three hours too soon than a minute too late”

-William Shakespeare

 

A sensible, intelligent and well-balanced person always know in what he/she is getting into. So here are things you should check before you buy property.

  1. Developer Background

The piece of property in question may be under legal process. So it is sensible that you do an extensive verification of the developer. You may also verify the past or current projects or even post queries on the various online real estate forums.

 

  1. Legal Check of Property

Ensure the property is legally authorized to be constructed on the plot it stands on. The developer should have approvals and NOCs from Area development authorities, water supply and sewage boards, electricity boards and Municipal Corporation.

 

  1. RERA Registered

Real Estate Regulation Act (RERA) will ensure that the builder follows necessary compliances and gives timely possessions in order to ensure a hassle-free transition to your new home.

 

  1. Location of the Project

The locality is the one of the most crucial factors which you should consider before buying any property. The neighbourhood should be friendly. All the facilities such as grocery market, healthcare facilities, shopping mall etc. should be easily accessible.

 

  1. Financing Banks

The number of banks/housing finance institutions willing to finance certain developer reflects the reputation of the developer. So, it is very important that you check with the banks that are filling to fund the project you are planning to invest on.

 

  1. Planned Development

Airport, Metro, Malls, Hotels/Resorts or any other existing or upcoming infrastructure development within the vicinity of the property you intend to purchase can boost the return on investment enormously.

 

Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh, India

Tips & Tricks for Gardening “A little dirt don’t hurt!” -Joel Salatin

A beautiful blog on Gardening Tips that will beautify your garden and uplifts to to have a healthy and peaceful environment around.

Gardening is one of the healthiest, peaceful, and relaxing hobby to take up. It will reconnect to your mother earth and nature. Health wise with the proper tools set gardening provides endurance, flexibility, and strength all by itself. Gardening burns enough calories, which also keeps you fit. It will let you accomplish these beautiful things. It is going to be a very experience even if you haven’t done any gardening before. Just give yourself basic introduction and some basic ground knowledge.

 

  1. Region

Knowing the region is one of the important things and it sounds obvious but not everything grows everywhere. So going to local gardeners or local nurseries might give you the information you need.

 

  1. Soil

The pH levels and nutrients of your soil should be known to you. Knowing these will help you to know what kind of plants and vegetables you are able to grow on that soil as different plants and vegetables have different need of pH levels and nutrients.

 

  1. Watering

Anything in excess is bad. Most of the beginners think that more water to the plant the better they will grow but that is not the case it will cause them. The mechanism is comparable to human bodies, think what will happen when you drink loads of water? Just try it once. Give consistent and ample amount of water. Just make sure that water penetrates the soil so that it can reach the roots of the plant.

 

  1. Fertilization

More is not always better, often it is bad. The need of nutrients for each and every plant is different. In your family, too different members has different diet, so it is same in plants too.

 

  1. Best Time

Giving water to the plant at right time is one of the crucial factor in their development. Early morning time in the morning is the best time of the day so before its gets too warm plants will have an ample water to imbibe and the excess water will evaporate. But if you water in evening your plants will be more prone to fungus and other type infection. Newer plants need more water than the older one as their roots are going to be in development stage.

 

 

  1. Excess plantation

How are you going to feel when you are with 14-15 other people in a room having a capacity 7-8 people? Suffocated Right? Same is with the plants, they also need room to breathe and a proper air-circulation. This will lead to stress in plants and makes them prone to diseases. They also need proper light for their development.

 

  1. NOT killing ALL bugs

Most of the beginners in gardening think “The only good bug is a dead bug”, well that’s not true amigos! A healthy garden will always have population of insects, it’s their home. You should have proper balance. Insects provide pollination services to the leaves, flowers and plants. It is a fact that less than five percent of sects are TRUE sects. So bombarding pesticides in your garden will harm more than good.

 

  1. Preventing Weeds

All the garden need maintenance, all the weeds should be come out of the garden floor bed before they reach the roots of the plants.

Happy Gardening!!!

 

Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh, India

How a middle income person can buy a HOUSE – “Kyunki Apna Ghar toh Apna hota hai”

Have you ever thought that if money was never an object you could have bought your dream house? That might be a cozy villa having a private garden as well as swimming pool or a private condo having sea view like it is shown in James Bond movies. Thinking? You might go out of your budget.

 

Everyone has an idea of their dream homes but as money as an object comes into the picture your aspirations are toned down. Most of the home-buyers when decide to convert their dream home into reality by stretching their finances they might end up denting their finances. But not anymore, affordable housing scheme helped many people to fulfill their dreams to buy their own house. The slowdown in real estate sector also lightens the burden of the buyer. A few years back rates of the property were hitting the roof but today home-buyer can a find a place to dwell for spending their life with their family.

 

The vision of Modi government that every citizen of India has their own house by the end of the year 2022. To back this vision the government is pursuing and encouraging the builders to come up with projects that fall under affordable housing schemes. Under this scheme, the target is to make house between 10lakh to 30lakh so that lower and middle class group can afford it. Even the home loans are available at a very economical rate. This will lead to increase the quality of living standard of people.

 

Projects under the affordable housing schemes are launched in states Punjab, Uttar Pradesh, Rajasthan etc. and the state government is providing all the possible assistance to the builders. As per Times of India, their government has made two classifications for Middle Income Group (MIG).

 

  1. MIG-I having an income of 6-12 lakh will get loan up to 9 lakh with interest subsidy of 4% for a tenure of 20 years. Therefore at the end of tenure, the borrower will end up paying an interest subsidy of 2.35 lakh for 9 lakh.
  2. MIG-II having an income of 12-18 lakh will get loan up to 12 lakh with interest subsidy of 3% for a tenure of 20 years. Therefore at the end of tenure, the borrower will end up paying an interest subsidy of 2.30 lakh for 12 lakh.

 

The Housing and Urban Development Corporation (HUDCO) and National Housing Bank (NHB) have been acknowledged as central nodal agencies to channelize this subsidy to the lending institutions, including banks and financial institutions. Therefore, small banks, non-banking finance companies and micro-finance institutions will be recognized as primary lending institutions under the scheme.

Additional loans are also available at a non-subsidies rate. Under the scheme, widows, single working women, persons belonging to SC/ST, OBC, differently abled and trans-genders will be given preference.

Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh, India

7 Books to read before becoming Real Estate Investor

The first question which might pop in your head that Why Books?
Because self-education plays one of the most crucial role in the early stage of your career. For creating a rock-solid building, your foundation should be very strong which can be done by reading books. You should always prefer books over any digital medium because books will help you to focus without any distraction. It is a well-known fact that you are going to imbibe more content when any content is read either from a book or paper. Also instead of reading free articles online, you should prefer books because generally books have story writing format which makes it very interesting and psychology says that your mind likes stories, our mind always remember a story.

So here are 7 books to read before becoming real estate investor.

  1. Building Wealth One House at a Time – John Schauh

The main idea of this book is that you can build a fortune by investing in real estate arrangements like single-family houses and small units. It can be said that this is a hedgehogian approach as it just focusing to invest in houses. Also, appreciation in real sector is very uncertain and difficult to predict.

 

Ideas from the book

  • Buying one house can make you rich
  • Buy with your money without any borrowing
  • Houses are the best form of investment
  • Right house at the right location will attract long terms tenants
  • Sell house on lease for profit maximization

 

  1. Rich Dad Poor Dad – Robert Kiyosaki

This is the quintessential book on the power of investing. This book largely focuses on working for money or investing to let money work for you. This book is not about how to invest but focuses that investing money is very important.

 

Ideas from the book

  • Wise investment decisions
  • To reduce your tax liability
  • You will more from real-world
  • The importance and potential of investing

 

  1. The book on Investing in Real Estate with No Money Down – Brandon Turner

This book is about how to invest in real estate but doesn’t have much money. Also, this book is not about getting rich with tricks but to it gives you a toolbox of financing that you can use to buy real estate. As an investor has no money to invest in the concept of borrowing for real estate is explained in a sophisticated way. This book contains hypothetical examples which are very useful for the beginners to learn and make a different kind of strategies.

 

Ideas from the book

  • Investing without money
  • Start with property owned owners
  • Combination of different techniques
  • Different kind of strategies
  • How to attract private lenders

 

  1. What Every Real Estate Investor Needs to Know About Cash Flow – Frank Gallinelli

If you love numbers this is the perfect book for you, which makes it perfect for the real estate world. Along with the explanation of the basic formulas, a reader will learn about the principle aspects of real estate investments such as cash on cash return, return on equity, net present value, discounted cash flow and net operating income. The spreadsheet models that are provided in the book are used to help validate how to read a property’s potential, and how to apply financial concepts to be a successful tool.

 

Ideas from the book

  • A helpful guide to financial cash flows
  • How to make money in real estate
  • Using statics to make any financial decisions
  • There are several methods to calculate return on real estate investment

 

  1. The ABC’s of Real Estate Investing – Ken McElroy

This is a useful book for the people for long-term real estate investors. This book will help the reader to know about real estate industry and to enlighten them about what they are getting into. A complete overview of the investment made in real estate industry from beginning to end.

 

Ideas from the book

  • Very direct information about the real estate
  • Explanation about the formulas that can be used to analyse the potential outcome of an investment from cash flow perspective
  • Clear all the myths that curb people to invest in real estate sector.

 

  1. Every Landlord’s Legal Guide – Marcia Stewart, Ralph Warner & Janet Portman

This book covers the topic like property management, legal and contracts. This book covers the issue like rejecting applicants, handling of security deposits also it throws the light upon the issues like a potential liability on your property manager’s act and how to handle the subletting requests.

 

Ideas from the book

  • What, Why and How
  • How to hire a lawyer
  • How to do legal research
  • Legally delegating responsibilities on the tenants
  • How to solve disputes without the lawyers
  • Returning of security deposits and moving out issues

 

  1. The Book on Flipping Horses – J Scott

This book covers the big picture and are very specific to details. A most fundamental step which is missed by most that is to analyse and choose the target market. This book will help you to analyse the potential market in your own market for flip and to analyse the future market to venture into.

 

Ideas from the book

  • Good deals of sources
  • Hundred house rule
  • Get your financials very precise

 

Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh, India 

Impact of GST on Real estate

GST that works on the principle “One Nation, One Market, One Tax” seeks to transform the complete tax system of India. GST are divided into five tax slabs for the collection of tax – 0%, 5%, 12%, 18%, 28%. The tax system in India had a cascading effect, there was a tax on tax. GST simplifies the complete tax system to eradicate the multiple tax system such as VAT, service tax, central sales tax, entry tax, luxury tax etc. Real estate is one of the most crucial sectors of the Indian economy which is contributing about 5-6%a to the GDP on India. It is the second largest employer in the economy after Agriculture sector. According to the report by CREDAI and JLL India’s real estate sector is going to USD $180billionb industry.

 

Impact on buyers and investors

Before GST After GST
·         The construction status of the property will decide the types of taxes the buyers are liable to pay these varied state to state.
– (Property under Construction) buyers were liable to the VAT, service tax, stamp duty and registration charges.
– (Property after Completion)
buyers were liable to stamp duty and registration.
·         GST simplifies the overall purchase price.

·         All the property under construction will be charged 12%c of the property value which excludes the stamp duty and registration charges.

 

Impact on developers

Before GST After GST
·         Developers were liable to pay central excise duty, VAT, customs duty etc.

·         Also, they have to pay other charges like approval charges, legal charges, architectural charges, labour taxes etc. which at the end burden comes on the buyer.

·         Before GST a huge amount of real estate expenditure undergoes unrecorded. GST will cut down this due to cloud storing of invoice.

·         Under GST
Cement will be taxed at the rate 28%d
Iron rods and pillars will be taxed at the rate 18%e.

·         Reduction in the cost of logistics.

·         The developer will be entitled to acquire input credits on the sale of property under construction against the taxes paid by the buyer.

 

 

Under GST real estate industry are also going under automation. Automation will provide ample amount of benefits such as time compliance, generation of the report, comparison among the reports, cost-effective with reduced staff and much more.

 

Post GST:

  • The transparency in the system is increased as the developers can buy the raw material only from the registered vendors.
  • The complex process for buying a home has become simplified.
  • The foreign investment is also increased as the tax system is simplified without giving them the burden of multiple taxes which will lead to improving the overall quality of Indian standard.
  • GST and RERA together will bring in more transactional transparency into India’s real estate sector.

References:

aSource(IBEF) on 20-06-2018
bhttps://economictimes.indiatimes.com/wealth/personal-finance-news/indian-realty-sector-market-to-reach-180-billion/articleshow/63301570.cms
chttps://www.livemint.com/Money/M5Boa7PF4LHY3o10rdbCyO/How-GST-is-charged-on-houses-under-construction.html
dhttps://cleartax.in/s/impact-of-gst-on-the-cement-industry
ehttps://economictimes.indiatimes.com/industry/indl-goods/svs/steel/steel-industry-likely-to-benefit-from-gst-rate-stands-at-18-per-cent/articleshow/58751901.cms (20-6-2018)

 

Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh, India

Housing for All | “Sabke liye Ghar”

In the year 2017 for better regulation in the real estate industry, a series of reforms were made like for ensuring transparency in real estate sector RERA was introduced which made the developers to disclose their timelines for their building process. The other massive change was introducing the GST bill in the real estate sector which aimed to reform the tax structure by making it more uniform. But none of them were as impactful as Government’s Housing for All scheme. This will make it easier for the weaker section of the societies to acquire safe loans and invest in making their homes.

Pradhan Mantri Awas Yojana (PMAY) is an initiative by the government under the Prime Minister Narendra Modi under which housing will be provided to urban poor with a target of building 20 million houses by 31st March 2022. Under PMAY, it is planned to build 2 crore houses for urban poor including Economically Weaker Sections (EWS) and Low Income Groups (LIG) in urban areas by the year 2022 through a financial assistance of ₹2 trillion (US$30 billion) from central government.

It has two components:

  1. Pradhan Mantri Awas Yojana (Urban) (PMAY-U) which will target the urban poor.
  2. Pradhan Mantri Awas Yojana (Gramin) (PMAY-G) which will target the rural poor.

 

The feature of Pradhan Mantri Awas Yojana is that the government will provide an interest subsidy of 6.5% on housing loans availed by the beneficiaries for a period of 20 years under credit link subsidy scheme(CLSS) from the start of a loan. This scheme will comprise of other schemes that ensure that every house will have a toilet, electricity connection, LPG gas connection, drinking water accessibility, and many more. The houses under PMAY would be constructed through a technology that is eco-friendly and preference will be given to an older person and differently abled person for the allotment of the ground floor.

 

This scheme is comprised of three phases:

Phase 1 – (April 2015 to March 2017) to cover 100 cities.

Phase 2 – (April 2017 to March 2019) to cover additional 200 cities.

Phase 3 – (April 2019 to March 2022) to cover remaining cities.

 

Private contributors such IIFL home loans have been helping the beneficiaries to avail government subsidies. ICICI bank also giving subsidies to the eligible people for the scheme. AU Housing Finance Limited has also been giving subsidies under the scheme.

 

Conditions for PMAY:

  1. Maximum age limit is 70 years.
  2. Economically Weaker Sections (EWS) annual income should be less than 3 lakh
    Low Income Groups (LIG) annual income between 3 lakh – 6 lakh.
  3. The beneficiary should not have any dwelling unit on the name of any family members in any part of India.

Under this scheme, the houses will be owned by females or jointly by the males. This will help to increase the women empowerment in India.

Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh, India