Likely To Compete With Indo Rama & JBF Industries To Buy Loss-Making Polyester Plant
Sabarinath M & Nishanth Vasudevan MUMBAI
THE Wadia-Ambani feud of three decades may end in a bittersweet deal. The possible sale of Bombay Dyeing’s polyester plant to Mukesh Ambani, scion of the polyester prince who vanquished the Wadias in the battle for a petrochemical empire.
Reliance Industries (RIL) may compete with Indo Rama and JBF Industries to buy the loss-making plant of Bombay Dyeing, which is on its way out of a business that led to a spectacular public fight in the 80s with Reliance founder Dhirubhai Ambani, said two persons familiar with the developments.
Bombay Dyeing & Manufacturing Co, born as The Spring Mills in 1903, may seek shareholders’ nod next month to sell the plant that can produce 165,000 tonnes a year, they said.
The Wadias are metamorphosing into builders of homes and offices from selling textiles and petrochemicals, where prospects are dimming. This follows their failure to establish in the petrochemical business, where Reliance has taken giant strides in the last three decades after choosing a different ingredient to make polyester. In the 1980s, both the business houses accused each other of manipulating government policy to suit their interests. Ultimately, the Ambanis won.
“There is no proposal with the board to sell the PSF business,’’ Durgesh Mehta, joint MD of Bombay Dyeing, said in an email.
A Reliance spokesperson said: “As a policy, we do not comment on speculations.”
Although petrochemicals and textiles contribute about two-thirds of Bombay Dyeing’s revenues, they lost more than Rs 100 crore in fiscal 2010. The real estate division made a pre-tax profit of Rs 346.45 crore.
The group’s petrochemicals problems started with it choosing dimethyl terephthalate to make polyester while Reliance preferred purified terephthalic acid. In a controlled socialistic economy and small market, duty structures can make all the difference. Duty on these goods were dynamic, which some say favoured Reliance.
In the 80s and 90s, Reliance marched ahead with increasing capacities, by gobbling up smaller rivals, while the Wadias lost.
“The polyester unit could now be valued at about Rs 300 crore,” said an investment banker close to the transaction.
RIL chairman Mukesh Ambani recently told shareholders that polyester capacities will be increased. Acquisition to boost capacity
ANY purchase of Bombay Dyeing’s polyester business will boost RIL’s capacity above 9 lakh tonnes per annum. If Indo Rama gets it, its capacity would go beyond 4 lakh tonnes.
An Indo Rama spokesman said, ``There has been no such discussions or developments in the matter that you have mentioned.” A JBF official, who did not want to be identified, said it is evaluating proposals, including Bombay Dyeing’s. Getting out of a business that does not make sense is not unusual for the Wadias. It began the journey building ships two-anda-half centuries ago, including the ones on which the US national anthem was composed, and the deck on which China signed off Hong Kong to England, in the Treaty of Nanking. It doesn’t build ships now.
It also does not hesitate to jump on to the business that shows promise. When Bombay became the second-biggest cotton port in the world in the 19th century after New Orleans, it began dip-dyeing yarn by hand.
The link with that business may thin with the sale of polyester plant in Patalganga, Maharashtra, which if Reliance buys can annexe with its own by just demolishing the compound wall. But Bombay Dyeing is expanding the construction business with its huge swathe of land in Mumbai, the financial capital.
It has hired four expatriates, who cut their teeth in the Middle-East property market, to head project and design teams. It has built the corporate headquarters for nation’s third most-valuable private lender, Axis Bank, in a land where a textile mill once stood.
Courtesy by: The Economic Times Dtd: July 10th, 2010
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
Wednesday, July 28, 2010
Reverse mortgage unlocks property’s potential
Ashish Gupta explains how this concept helps property owners get a regular income without having to surrender possession
Reverse mortgage is a financial product that enables senior citizens (60 years plus) to mortgage their real estate assets with a lender and convert part of the equity into tax-free regular income. This saves them from selling assets in their lifetime.
The Life Insurance Corporation (LIC) is planning to enter the reverse mortgage business. LIC's entry in this segment is significant as the life insurer has a huge base. According to the Insurance Regulatory Development Authority's (IRDA) annual report, LIC has a 29 percent share in the total new life insurance policies sold in 2008-09.
The National Housing Bank's (NHB) reverse mortgage loan-enabled annuity scheme has sanctioned 40 loans estimated at Rs 100 crores. The scheme, without the life-long payment benefit, was launched in 2007. According to the NHB, around 7,000 loans amounting to around Rs 1,400 crores have been sanctioned till March 31, 2010. It is expected that the modified scheme that provides life-long annuity to the buyer and his spouse will catch on with the entry of LIC in the segment.
With the existing scheme, LIC will provide payments in the form of annuity to policyholders. Once the assessed value of the house and the loan amount to be disbursed is decided on, LIC will start making payments till the policyholder survives. The bank will make full payment of the total loan amount to the LIC once the policy starts which the insurer can invest as per the company's investment guidelines.
In case of a reverse mortgage, the property owner surrenders the title of the property to a financial institution. The financial institution doesn't pay the entire amount to the owner upfront. On the contrary, it pays out a regular sum each month for the agreed time. The owner gets to stay in the property along with his spouse for their lifetime. Thus, the owner can ensure a regular cash flow in times of need and enjoy the benefit of staying in the property. After the owner's death, the property is transferred to the institution, and not to the heirs.
Reverse mortgage is a relatively new concept in India. The concept is quite popular in developed countries to generate cash flows.
The aim is to make immovable property more liquid and generate returns out of the asset while it is used by the owner. The amount paid out each month is for a specific period of time. The monthly payout depends on the value of the property, the term of the agreement and the rate of payment. The valuation of the property is to be done by professionals. The entire payout mechanism - calculation and computation - depends on the law of probability.
The financing institution has to bear the risk of the individual outliving the agreement. At the expiry of the agreement period, the monthly payments to the owner stops.
Reverse mortgage is of immense use in unlocking the otherwise illiquid asset. Till now, immovable property has been treated as one of the most illiquid assets. Reverse mortgage unlocks the liquidity potential of this asset. It helps the owner get good returns from his immovable property, without having to part with it. The owner can continue with the possession of the property during his lifetime.
A NOVEL CONCEPT
Reverse mortgage is a relatively new concept in India
It is a financial product that enables senior citizens to get tax-free regular income
The concept is meant to unlock the income potential of a property
A significant aspect of this concept is the owner retains possession through his lifetime
It makes property as an investment option work better, especially for risk-averse senior citizens
It is a popular income-generating product in the West
The monthly payout depends on the value of property
The financing institution bears the risk of the individual outliving the agreement
Courtesy by: Times Property Dtd: July 3, 2010
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
Reverse mortgage is a financial product that enables senior citizens (60 years plus) to mortgage their real estate assets with a lender and convert part of the equity into tax-free regular income. This saves them from selling assets in their lifetime.
The Life Insurance Corporation (LIC) is planning to enter the reverse mortgage business. LIC's entry in this segment is significant as the life insurer has a huge base. According to the Insurance Regulatory Development Authority's (IRDA) annual report, LIC has a 29 percent share in the total new life insurance policies sold in 2008-09.
The National Housing Bank's (NHB) reverse mortgage loan-enabled annuity scheme has sanctioned 40 loans estimated at Rs 100 crores. The scheme, without the life-long payment benefit, was launched in 2007. According to the NHB, around 7,000 loans amounting to around Rs 1,400 crores have been sanctioned till March 31, 2010. It is expected that the modified scheme that provides life-long annuity to the buyer and his spouse will catch on with the entry of LIC in the segment.
With the existing scheme, LIC will provide payments in the form of annuity to policyholders. Once the assessed value of the house and the loan amount to be disbursed is decided on, LIC will start making payments till the policyholder survives. The bank will make full payment of the total loan amount to the LIC once the policy starts which the insurer can invest as per the company's investment guidelines.
In case of a reverse mortgage, the property owner surrenders the title of the property to a financial institution. The financial institution doesn't pay the entire amount to the owner upfront. On the contrary, it pays out a regular sum each month for the agreed time. The owner gets to stay in the property along with his spouse for their lifetime. Thus, the owner can ensure a regular cash flow in times of need and enjoy the benefit of staying in the property. After the owner's death, the property is transferred to the institution, and not to the heirs.
Reverse mortgage is a relatively new concept in India. The concept is quite popular in developed countries to generate cash flows.
The aim is to make immovable property more liquid and generate returns out of the asset while it is used by the owner. The amount paid out each month is for a specific period of time. The monthly payout depends on the value of the property, the term of the agreement and the rate of payment. The valuation of the property is to be done by professionals. The entire payout mechanism - calculation and computation - depends on the law of probability.
The financing institution has to bear the risk of the individual outliving the agreement. At the expiry of the agreement period, the monthly payments to the owner stops.
Reverse mortgage is of immense use in unlocking the otherwise illiquid asset. Till now, immovable property has been treated as one of the most illiquid assets. Reverse mortgage unlocks the liquidity potential of this asset. It helps the owner get good returns from his immovable property, without having to part with it. The owner can continue with the possession of the property during his lifetime.
A NOVEL CONCEPT
Reverse mortgage is a relatively new concept in India
It is a financial product that enables senior citizens to get tax-free regular income
The concept is meant to unlock the income potential of a property
A significant aspect of this concept is the owner retains possession through his lifetime
It makes property as an investment option work better, especially for risk-averse senior citizens
It is a popular income-generating product in the West
The monthly payout depends on the value of property
The financing institution bears the risk of the individual outliving the agreement
Courtesy by: Times Property Dtd: July 3, 2010
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
Thursday, July 22, 2010
Here are some tips to keep your home vibrant during the monsoon
Gear up to welcome the monsoon this year. There are many things one needs to do to spruce up the home.
Bright colours
Decorate your home in bright colours to liven up your mood. Put away the blues and greens for the summer heat, as they don't go well with monsoons. The monsoon calls for lively bright and warm colours such as yellows, oranges and red to brighten up your rooms. Ideally dark colours should be avoided as the skies are generally overcast and you want whatever light that enters your house to be maximised by light colours and other reflective surfaces. At the same time, avoid very light colours such as white and cream. These colours are very difficult to keep clean during a muddy monsoon.
Keep plants outdoors
With the onslaught of the monsoon, it is the ideal time to keep your plants out in the rain to get watered naturally, It is time for your quilts and heavy blankets to come out from the innermost storage rack of your bed or your cupboard. Store your linen in plastic packets. Use scented sachets while you store them.
Moisture usually attracts cotton, silk and woollen; so it is advisable to use polyester and nylon bed linen. Kids generally tend to run around bare feet at home; it is advisable to place small rugs/mats next to the bed side; it will help to keep the bed clean and dry. Keep selective wall-hangings on walls that would not be affected by moisture. Also observe wall seepage; you can surely hide them with those wall-hangings. Wrought iron materials at home can be treated with anti-rust polish.
Drapes and furnishings
Invest in lace curtains or curtains without lining to ensure that the daylight passing through will bathe the room in a suffused glow. These curtains will allow sufficient amount of light to enter the room simultaneously providing the privacy that you seek. Roll away the carpet. Ensure that once rolled, the carpet is covered in a plastic sheet. This will reduce the chances of moisture or accidental leakages damaging the carpet. They often catch fungus if kept open.
Invest in bright, multicoloured washable plastic carpet mats. These are light carpets and will dry faster than a normal fur carpet if it gets wet. These carpets may not be as lavish or soft to the feel as other synthetic fibres but they are very durable, water/static resistant, and offer extremely good value. Nowadays there are a lot of options in the market; a cheaper option to this would be a decorative bamboo or coir mat.
Lights and mirrors
Mirrors hung on the wall can also help brighten up a dreary dark space. Large mirrors in pretty frames hung on the wall can add an elegant focal point to a room while helping to move light around and creating the illusion of a larger space. Bright coloured paint can also help to bounce light around a room. nbour home which aren't bright enough in the fall daylight.
Courtesy Times Property Dtd. July 16, 2010
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
Bright colours
Decorate your home in bright colours to liven up your mood. Put away the blues and greens for the summer heat, as they don't go well with monsoons. The monsoon calls for lively bright and warm colours such as yellows, oranges and red to brighten up your rooms. Ideally dark colours should be avoided as the skies are generally overcast and you want whatever light that enters your house to be maximised by light colours and other reflective surfaces. At the same time, avoid very light colours such as white and cream. These colours are very difficult to keep clean during a muddy monsoon.
Keep plants outdoors
With the onslaught of the monsoon, it is the ideal time to keep your plants out in the rain to get watered naturally, It is time for your quilts and heavy blankets to come out from the innermost storage rack of your bed or your cupboard. Store your linen in plastic packets. Use scented sachets while you store them.
Moisture usually attracts cotton, silk and woollen; so it is advisable to use polyester and nylon bed linen. Kids generally tend to run around bare feet at home; it is advisable to place small rugs/mats next to the bed side; it will help to keep the bed clean and dry. Keep selective wall-hangings on walls that would not be affected by moisture. Also observe wall seepage; you can surely hide them with those wall-hangings. Wrought iron materials at home can be treated with anti-rust polish.
Drapes and furnishings
Invest in lace curtains or curtains without lining to ensure that the daylight passing through will bathe the room in a suffused glow. These curtains will allow sufficient amount of light to enter the room simultaneously providing the privacy that you seek. Roll away the carpet. Ensure that once rolled, the carpet is covered in a plastic sheet. This will reduce the chances of moisture or accidental leakages damaging the carpet. They often catch fungus if kept open.
Invest in bright, multicoloured washable plastic carpet mats. These are light carpets and will dry faster than a normal fur carpet if it gets wet. These carpets may not be as lavish or soft to the feel as other synthetic fibres but they are very durable, water/static resistant, and offer extremely good value. Nowadays there are a lot of options in the market; a cheaper option to this would be a decorative bamboo or coir mat.
Lights and mirrors
Mirrors hung on the wall can also help brighten up a dreary dark space. Large mirrors in pretty frames hung on the wall can add an elegant focal point to a room while helping to move light around and creating the illusion of a larger space. Bright coloured paint can also help to bounce light around a room. nbour home which aren't bright enough in the fall daylight.
Courtesy Times Property Dtd. July 16, 2010
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
Here are some tips to keep your home vibrant during the monsoon
Gear up to welcome the monsoon this year. There are many things one needs to do to spruce up the home.
Bright colours
Decorate your home in bright colours to liven up your mood. Put away the blues and greens for the summer heat, as they don't go well with monsoons. The monsoon calls for lively bright and warm colours such as yellows, oranges and red to brighten up your rooms. Ideally dark colours should be avoided as the skies are generally overcast and you want whatever light that enters your house to be maximised by light colours and other reflective surfaces. At the same time, avoid very light colours such as white and cream. These colours are very difficult to keep clean during a muddy monsoon.
Keep plants outdoors
With the onslaught of the monsoon, it is the ideal time to keep your plants out in the rain to get watered naturally, It is time for your quilts and heavy blankets to come out from the innermost storage rack of your bed or your cupboard. Store your linen in plastic packets. Use scented sachets while you store them.
Moisture usually attracts cotton, silk and woollen; so it is advisable to use polyester and nylon bed linen. Kids generally tend to run around bare feet at home; it is advisable to place small rugs/mats next to the bed side; it will help to keep the bed clean and dry. Keep selective wall-hangings on walls that would not be affected by moisture. Also observe wall seepage; you can surely hide them with those wall-hangings. Wrought iron materials at home can be treated with anti-rust polish.
Drapes and furnishings
Invest in lace curtains or curtains without lining to ensure that the daylight passing through will bathe the room in a suffused glow. These curtains will allow sufficient amount of light to enter the room simultaneously providing the privacy that you seek. Roll away the carpet. Ensure that once rolled, the carpet is covered in a plastic sheet. This will reduce the chances of moisture or accidental leakages damaging the carpet. They often catch fungus if kept open.
Invest in bright, multicoloured washable plastic carpet mats. These are light carpets and will dry faster than a normal fur carpet if it gets wet. These carpets may not be as lavish or soft to the feel as other synthetic fibres but they are very durable, water/static resistant, and offer extremely good value. Nowadays there are a lot of options in the market; a cheaper option to this would be a decorative bamboo or coir mat.
Lights and mirrors
Mirrors hung on the wall can also help brighten up a dreary dark space. Large mirrors in pretty frames hung on the wall can add an elegant focal point to a room while helping to move light around and creating the illusion of a larger space. Bright coloured paint can also help to bounce light around a room. nbour home which aren't bright enough in the fall daylight.
Courtesy Times Property Dtd. July 16, 2010
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
Bright colours
Decorate your home in bright colours to liven up your mood. Put away the blues and greens for the summer heat, as they don't go well with monsoons. The monsoon calls for lively bright and warm colours such as yellows, oranges and red to brighten up your rooms. Ideally dark colours should be avoided as the skies are generally overcast and you want whatever light that enters your house to be maximised by light colours and other reflective surfaces. At the same time, avoid very light colours such as white and cream. These colours are very difficult to keep clean during a muddy monsoon.
Keep plants outdoors
With the onslaught of the monsoon, it is the ideal time to keep your plants out in the rain to get watered naturally, It is time for your quilts and heavy blankets to come out from the innermost storage rack of your bed or your cupboard. Store your linen in plastic packets. Use scented sachets while you store them.
Moisture usually attracts cotton, silk and woollen; so it is advisable to use polyester and nylon bed linen. Kids generally tend to run around bare feet at home; it is advisable to place small rugs/mats next to the bed side; it will help to keep the bed clean and dry. Keep selective wall-hangings on walls that would not be affected by moisture. Also observe wall seepage; you can surely hide them with those wall-hangings. Wrought iron materials at home can be treated with anti-rust polish.
Drapes and furnishings
Invest in lace curtains or curtains without lining to ensure that the daylight passing through will bathe the room in a suffused glow. These curtains will allow sufficient amount of light to enter the room simultaneously providing the privacy that you seek. Roll away the carpet. Ensure that once rolled, the carpet is covered in a plastic sheet. This will reduce the chances of moisture or accidental leakages damaging the carpet. They often catch fungus if kept open.
Invest in bright, multicoloured washable plastic carpet mats. These are light carpets and will dry faster than a normal fur carpet if it gets wet. These carpets may not be as lavish or soft to the feel as other synthetic fibres but they are very durable, water/static resistant, and offer extremely good value. Nowadays there are a lot of options in the market; a cheaper option to this would be a decorative bamboo or coir mat.
Lights and mirrors
Mirrors hung on the wall can also help brighten up a dreary dark space. Large mirrors in pretty frames hung on the wall can add an elegant focal point to a room while helping to move light around and creating the illusion of a larger space. Bright coloured paint can also help to bounce light around a room. nbour home which aren't bright enough in the fall daylight.
Courtesy Times Property Dtd. July 16, 2010
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
Wood as part of your interior decor adds charm
Recent trends in interior décor showcase an upswing in the use of wooden art effects in modern homes. While from times immemorial, wood has been extensively used in architecture and to some extent in flooring, today's home maker prefers to experiment with wooden show pieces and home accessories that suit individual tastes. "Wood ushers in warmth and has you feel more connected with nature," feels Nihar Mehta, who has fashioned his home away from the humdrum of the city. True to its being among the most versatile of materials, wood can be fashioned into design elements that can accentuate both traditional and contemporary styles.
WOOD IN DECOR
Traditional hangings at the entrance to one's home are fast taking a back seat to more elaborate wooden arrangements. Intricate carvings can frame the doorway and lend a unique individuality to one's home. A couple of large wooden vases with dry arrangements, or a shallow urn filled with water and colourful floating petals can accentuate the warm reception you intend to give to your guests.
Many Indian homes prefer having a well-lit statuette of a widely loved deity as one enters the home. Woodcarvings of gods and goddesses come in a variety of styles and expressions. Should you prefer to keep your religious inclinations more understated, you can opt for figurines of traditional dancers to showcase your love for art, or choose to hang up some interesting looking wooden masks you may have brought back from a recent trip overseas. Choose these artefacts carefully to reflect your personality.
WALL MURALS
Once inside the living room, wood can be employed to extend your current décor scheme. Contemporary arrangements can be accentuated by the deliberate introduction of interesting geometric shapes in corners or on the wall. Glass mounted wooden figurines can double up as side tables, and an interesting wood framed mural on the wall may be a potent conversation-starter. Extend the colour scheme of the room into these focal points. Given the spectrum of colours you can choose from, wooden artefacts can create points of contrast against neutral backdrops, highlighting the look and feel of these spaces.
Experiment with interesting designs in wooden beams and ceiling covers. These can create visual punctuation between living spaces, particularly those that are functionally disjoint. An open kitchen for example, can be framed by a wooden counter with a few oversized wooden spoons on the wall for eye candy, and separated from the dining area by an overhead beam with elaborate carvings of fruits or vegetables. A traditional wooden swing hanging in the living room can separate the sitting area from the dining, and a glass cabinet with tiny wooden show pieces can create a visual partition without cramping up space. Consider experimenting with hand-painted designs on wooden bowls or flower vases to lend a dash of colour and spike up drab arrangements.
Be it a fetish for feng-shui wooden figurines, an indulgence in the opulent retro feel of teak wood on your walls, or the simple desire to go with the tried and tested, wood fuels expression well and you can never go wrong by dabbling in it.
Courtesy Times Property Dtd. July 16, 2010
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
WOOD IN DECOR
Traditional hangings at the entrance to one's home are fast taking a back seat to more elaborate wooden arrangements. Intricate carvings can frame the doorway and lend a unique individuality to one's home. A couple of large wooden vases with dry arrangements, or a shallow urn filled with water and colourful floating petals can accentuate the warm reception you intend to give to your guests.
Many Indian homes prefer having a well-lit statuette of a widely loved deity as one enters the home. Woodcarvings of gods and goddesses come in a variety of styles and expressions. Should you prefer to keep your religious inclinations more understated, you can opt for figurines of traditional dancers to showcase your love for art, or choose to hang up some interesting looking wooden masks you may have brought back from a recent trip overseas. Choose these artefacts carefully to reflect your personality.
WALL MURALS
Once inside the living room, wood can be employed to extend your current décor scheme. Contemporary arrangements can be accentuated by the deliberate introduction of interesting geometric shapes in corners or on the wall. Glass mounted wooden figurines can double up as side tables, and an interesting wood framed mural on the wall may be a potent conversation-starter. Extend the colour scheme of the room into these focal points. Given the spectrum of colours you can choose from, wooden artefacts can create points of contrast against neutral backdrops, highlighting the look and feel of these spaces.
Experiment with interesting designs in wooden beams and ceiling covers. These can create visual punctuation between living spaces, particularly those that are functionally disjoint. An open kitchen for example, can be framed by a wooden counter with a few oversized wooden spoons on the wall for eye candy, and separated from the dining area by an overhead beam with elaborate carvings of fruits or vegetables. A traditional wooden swing hanging in the living room can separate the sitting area from the dining, and a glass cabinet with tiny wooden show pieces can create a visual partition without cramping up space. Consider experimenting with hand-painted designs on wooden bowls or flower vases to lend a dash of colour and spike up drab arrangements.
Be it a fetish for feng-shui wooden figurines, an indulgence in the opulent retro feel of teak wood on your walls, or the simple desire to go with the tried and tested, wood fuels expression well and you can never go wrong by dabbling in it.
Courtesy Times Property Dtd. July 16, 2010
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
Saturday, July 17, 2010
Greenery and wood as part of the decor theme makes this house unique
When architect Raghunandan Gururaj started designing the home of industrialist S Yogamurthy on Tumkur Road, the challenge was to put in neat geometry within a skew. The plot was of an irregular shape, so the design had to be symmetric and neat. The needs of his client were simple - to make the home spacious and comfortable. "The idea was to keep the lines intact keeping the dynamics of the home in mind," says Raghunandan.
The homeowner wanted to have a lot of wood detailing inside his home. "All the doors and windows are made from teakwood. But I didn't want the staircase railing to be of wood, and hence got it fabricated in my industry," says Yogamurthy, who lives here along with his wife Mamatha and son Siddaiah.
What is unique about this home is the presence of an oasis of greenery in the living room. "I hail from an agricultural backg ro u n d a n d
wanted to have plants indoors, so this portion has no flooring and the plants grow directly from the soil and get direct sunlight from the skylight that has been designed right above," explains Yogamurthy.
According to his architect Raghunandan the idea was to break the monotony of the colour of wood and white hues that were used extensively for the indoors. "The yellow paneling that we have given in the background breaks the regularity of white and brown," says Raghunandan.
The Murthys get quite a few raised eyebrows and comments from visitors to their home when they spot the green oasis in the living room. "We wash the leaves regularly to give the plants the freshness and colour. This part of the home is definitely my favourite," he says.
Courtesy Times Property Dtd. July 16, 2010
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
The homeowner wanted to have a lot of wood detailing inside his home. "All the doors and windows are made from teakwood. But I didn't want the staircase railing to be of wood, and hence got it fabricated in my industry," says Yogamurthy, who lives here along with his wife Mamatha and son Siddaiah.
What is unique about this home is the presence of an oasis of greenery in the living room. "I hail from an agricultural backg ro u n d a n d
wanted to have plants indoors, so this portion has no flooring and the plants grow directly from the soil and get direct sunlight from the skylight that has been designed right above," explains Yogamurthy.
According to his architect Raghunandan the idea was to break the monotony of the colour of wood and white hues that were used extensively for the indoors. "The yellow paneling that we have given in the background breaks the regularity of white and brown," says Raghunandan.
The Murthys get quite a few raised eyebrows and comments from visitors to their home when they spot the green oasis in the living room. "We wash the leaves regularly to give the plants the freshness and colour. This part of the home is definitely my favourite," he says.
Courtesy Times Property Dtd. July 16, 2010
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
Base rate: Boon for home loan borrowers
From July 1, the banking sector moved into this new interest rate regime. Prabhakar Sinha explains how it can benefit borrowers
Anew interest rate regime kicked off when the country moved to the Reserve Bank of India (RBI) mandated system of base rate, which is likely to be a more objective interest rate benchmark than the one currently followed - benchmark prime lending rate (BPLR) system. It is also believed that compared to the BPLR system, the base rate regime will bring in more transparency in fixing a rate in the banking system.
In the new regime, interest rates will be benchmarked to base rates with all the lending rates linked to the respective base rates of each bank. This is with effect from July 1. The interest rates on your loan have been fixed against the benchmark rate. Assuming that your present interest rate is nine percent and the bank has fixed the base rate at 7.5 percent, your interest rate will be termed as 1.5 percentage points higher than the base rate. Banks did not hike the mortgage rates, instead, they just pegged them as against their respective base rates. In fact, the new system is likely to help home loan borrowers in a big way.
In the earlier regime, the mechanism of fixing the BPLR was not very transparent. Banks used to fix them on the basis of their capacity and willingness to lower the lending rates to the existing customers. For the new customers, they used to bring down the offer rate by increasing the discount to the BPLR.
For example, if a bank has fixed the BPLR at 12 percent and had given loan to a borrower at three percentage points discount to the BPLR, it means it has given a loan at nine percent to the borrower. Unless the BPLR is changed, the borrower will continue to pay nine percent interest rate. Now, when the interest rate in the market goes up, banks increase the BPLR to pass on the rise in the cost of the funds to the existing borrowers.
Suppose the BPLR increases from 12 to 12.5 percent, the interest rates of the existing borrower will increase to 9.5 percent from nine percent. But when the interest rates in the market fall, banks should reduce the BPLR to pass on the benefit of lower interest rates to existing customers also. But it has been seen in the past that banks do not cut the BPLR. So, existing customers continue to pay the higher interest rates.
But, for new customers, they increase the discount to BPLR. So, to pass on the benefit to new customers, banks used to increase the discount. In this example, if the earlier discount was three percent, they used to increase it to 3.5 or four percent. So, the new effective rates used to become 8.5 percent with 3.5 percent discount and eight percent in the case of four percent discount to the BPLR. But, the system used to put existing borrowers at a disadvantage.
In the new system, however, banks will have to fix the base rate on the basis of the cost of funds, which is known to the regulators. The base rate is arrived at by taking into consideration a bank's cost of deposits, its profitability in the previous fiscal year, its administrative costs etc, with the cost of deposits having the highest weight. They will have to visit their base rate every quarter.
In fact, when the rates are rising, they cannot change it immediately but will have to wait for the new quarter to start. This system has already benefited existing customers. Most banks have announced the base rates on July 1 and 2. Just after their announcements, the RBI increased the policy rates to make the funds costly. But, now banks cannot change the base rate for the next three months. So, the existing customers will continue to pay the present rate.
Suppose your home loan is at nine percent and the base rate of your bank is 7.5 percent. This means the bank has fixed your rate 1.5 percent higher than the base rate. Now, as the banks can't change the base rate, you will continue to pay nine percent. But as the cost of fund has gone up, banks might decide to charge higher rates at 9.5 percent from new borrowers by raising the premium over the base rate from the existing level of 1.5 to two percent.
Courtesy Times Property Dtd. July 16, 2010
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
Anew interest rate regime kicked off when the country moved to the Reserve Bank of India (RBI) mandated system of base rate, which is likely to be a more objective interest rate benchmark than the one currently followed - benchmark prime lending rate (BPLR) system. It is also believed that compared to the BPLR system, the base rate regime will bring in more transparency in fixing a rate in the banking system.
In the new regime, interest rates will be benchmarked to base rates with all the lending rates linked to the respective base rates of each bank. This is with effect from July 1. The interest rates on your loan have been fixed against the benchmark rate. Assuming that your present interest rate is nine percent and the bank has fixed the base rate at 7.5 percent, your interest rate will be termed as 1.5 percentage points higher than the base rate. Banks did not hike the mortgage rates, instead, they just pegged them as against their respective base rates. In fact, the new system is likely to help home loan borrowers in a big way.
In the earlier regime, the mechanism of fixing the BPLR was not very transparent. Banks used to fix them on the basis of their capacity and willingness to lower the lending rates to the existing customers. For the new customers, they used to bring down the offer rate by increasing the discount to the BPLR.
For example, if a bank has fixed the BPLR at 12 percent and had given loan to a borrower at three percentage points discount to the BPLR, it means it has given a loan at nine percent to the borrower. Unless the BPLR is changed, the borrower will continue to pay nine percent interest rate. Now, when the interest rate in the market goes up, banks increase the BPLR to pass on the rise in the cost of the funds to the existing borrowers.
Suppose the BPLR increases from 12 to 12.5 percent, the interest rates of the existing borrower will increase to 9.5 percent from nine percent. But when the interest rates in the market fall, banks should reduce the BPLR to pass on the benefit of lower interest rates to existing customers also. But it has been seen in the past that banks do not cut the BPLR. So, existing customers continue to pay the higher interest rates.
But, for new customers, they increase the discount to BPLR. So, to pass on the benefit to new customers, banks used to increase the discount. In this example, if the earlier discount was three percent, they used to increase it to 3.5 or four percent. So, the new effective rates used to become 8.5 percent with 3.5 percent discount and eight percent in the case of four percent discount to the BPLR. But, the system used to put existing borrowers at a disadvantage.
In the new system, however, banks will have to fix the base rate on the basis of the cost of funds, which is known to the regulators. The base rate is arrived at by taking into consideration a bank's cost of deposits, its profitability in the previous fiscal year, its administrative costs etc, with the cost of deposits having the highest weight. They will have to visit their base rate every quarter.
In fact, when the rates are rising, they cannot change it immediately but will have to wait for the new quarter to start. This system has already benefited existing customers. Most banks have announced the base rates on July 1 and 2. Just after their announcements, the RBI increased the policy rates to make the funds costly. But, now banks cannot change the base rate for the next three months. So, the existing customers will continue to pay the present rate.
Suppose your home loan is at nine percent and the base rate of your bank is 7.5 percent. This means the bank has fixed your rate 1.5 percent higher than the base rate. Now, as the banks can't change the base rate, you will continue to pay nine percent. But as the cost of fund has gone up, banks might decide to charge higher rates at 9.5 percent from new borrowers by raising the premium over the base rate from the existing level of 1.5 to two percent.
Courtesy Times Property Dtd. July 16, 2010
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
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