Trimurty a Contributor in Low Carbon Emission Drive

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It was in October 2015 when India pledged to reduce carbon emission by 33 to 35 percent by the year 2030. With the country setting specific targets, it becomes the sheer responsibility of each working sector to contribute its bit. Seeing its work nature support is even mandatory from the real estate sector , to achieve this targets. Indian Green Building Council, popularly known as IGBC plays an important role is assuring that India soon becomes one of the global leaders in the sustainable built environment.

Trimurty Builders have always given importance to the natural and environmentally stable element of a building.  The company’s dedication is proved by its project like Trimurty Aurum – the Gold Rated Green Home by IGBC and Trimurty Ariana – first pre-certified Platinum Rated Green Home by IGBC. As builders, they understand their duty and responsibilities towards nature and its much-needed protection.

But how the construction of green buildings contributes towards reducing carbon emission is a question that many may ask.  The process of building a green building takes into account even the minutest of factor that can harm or disturb the ecosystem. If compared to a conventional building, a sustainable structure uses less water; energy is efficiently used, and it saves natural resources.

Here are some tangible and intangible benefits of green buildings –

1.   Enhanced Air Quality

2.   15 to 30% energy saving

3.   15 to 50% water saving

4.   Better health of occupants

Measures adopted to reduce carbon footprint at construction sites –

1.  We use of low Volatile Organic Compounds (low-VOC) paint which is healthier option and reduces long term maintenance

2.  To reduce heat transmission cavity walls and insulation is used.

3.  SRI tiles to reduce roof heat transmission

4.  Use of light colour for walls, floors and ceiling

5.  High-performance plumbing fixtures

6.  Proper drainage of water

Home prices to fall post demonetization, a myth says CREDAI

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CREDAI, the Confederation of Real Estate Developers Association of India recently i.e. on 16th December 2016 held its quarterly Executive Committee-Governing Council meeting in Gujarat. It is a meet of highest decision-making body of CRDAI to ensure that all efforts undertaken by its members are ‘focused on providing best delivery to the stakeholders.’

The hot topic of the meeting was recent policy announcements and its impact on real estate sector. Present at the meet were prominent faces from CREDAI and other important dignitaries including Irfan Razack (CREDAI National Chairman), Geetamber Anand (President CREDAI), Boman Irani (National Secretary), and MP Naveen Mehta (Chairman).

credai real estate demonetization

President Geetamber Anand fully supported Modi government’s move of demonetization and said it wouldn’t cause reduction in property rates. He said “the claims that prices of houses and apartments will drop following demonetization is only a myth. It may remain the same or increase with time.” Thus, putting an end to media spread remorse of a prospective slash in the housing prices. He also said that post-demonetization there are chances that banks will reduce the interest rate on home loans, leading to an increase in buying-selling activity in real estate sector. He showed concerned for laborers working in this sector and assured that their problems would hopefully end after 31st December.

Another significant discussion point of the meet was RERA, to which CREDAI expressed its full support. Addressing the media, CREDAI National Chairman said, “RERA only has a mention of the number of days involved to build a house, it should also include the period involved in facilitating basic amenities like water, sewage and electricity supply. We have sent a request to the central government to consider the changes required in the rule of RERA.”

Further MP Naveen Mehta ensured that CREDAI would try and detect more loopholes in RERA and appeal for required amendments.

Home Selling Mistakes

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Most home sellers make some common mistakes that effect the sell and the profit they can generate. Check the provided list and avoid making these mistakes again.

Infographic 5-01

 

The Best Home Loan Option – Fixed, Semi-Fixed or Floating

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Making a choice between Fixed, Semi-Fixed, and Floating home loan options is a tricky affair. Each option comes with its share of pros and cons, and a wrong pick can affect the buyer in long and short term.

The best home loan interest rate option depends upon many factors like age of the applicant, prevailing market condition, and tenure of the loan. So, it is recommended not to get lured by lucrative bank offers and opt for the interest rate that best suits your condition and needs.

Before moving forward, let’s see what each of these options imply

Fixed Interest Rate –

A fixed interest rate is a loan where the interest rate does not fluctuate during the entire tenure of the loan. The borrower is able to accurately predict future interest payment.

Floating Interest Rate –

Also known a variable or adjustable rate, the floating interest rate does not remain fixed over the life of the loan and fluctuate as per market dynamics.

Semi-Fixed Interest Rate –

Semi-fixed interest rate is a combination of fixed and floating rates. Here, the interest rate remains unchanged for a given time period, after which it gets converted to floating rate.

Know which one suits you better?

Table given below will give you a clear idea about the situation and best interest rate option to be selected –

Scenario & Rate

Fixed Rate

Floating Rate

Semi-Fixed Rate

Tenure

Suitable for long tenure (more than 20 yrs.)

Suitable for medium/short tenure

Suitable for medium tenure

Income Flow

When income flow is adequate

When income flow is not expected to grow

When income flow is not expected to grow

Market Dynamics

Ideal when interest is expected to fall

Ideal when interest is expected to rise

Ideal when interest is expected to rise in short term & then fall

Age & Risk Taking

Suited for borrowers aged 30-35 yrs. & ready to take risk

Suited for borrowers aged 50 yrs. & do not want to take risk

Suited for borrowers not willing to take risk

 Now that you know the difference between fixed, floating and semi-fixed interest rate, be smart and analytic and make an appropriate pick.

Go Green with Eco-friendly Home Décor Solutions

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eco friendly home decor

Going green and conserving the environment has been one of Trimurty’s top most priorities. We always strive for construction practices that not only deliver the desired quality but are also gentle on the environment.  As a result of our constant efforts, we became Jaipur’s first developers to procure pre-certified Platinum Rating for our premium luxury residential project, Ariana.

Apart from eco-friendly green construction practices, there are few home décor tips that homeowners can adopt and increase the green quotient of their home by manifold.

Remember the first step towards creating a green home is all about minimizing and recognizing décor options that are harmful to the environment.

Here are a few simple eco-friendly home décor tips   –

1.  Opt for furniture made out of bamboo, hyacinth river grass, and banana bark

2. Opt for carpets and bags made out of natural fibers like silk, jute, wool and silk. Also, go for coconut coir doormats, which like above mentioned materials is biodegradable.

3. For the kitchen, opt for black pottery for cooking and serving. Also, use earthen pots for keeping water cool.

4.  Instead of plastic use earthen pots to grow plants

5.  Avoid tissue papers and instead use cloth napkins

6.  Use LED lights at home and purchase lamps made out of coconut shells and fiber

7.   Replace plastic containers and boxes with wooden ones

8.  Go for décor products made out of paper mâché

Reuse & Recycle

Apart from purchasing new home décor products made out of eco-friendly materials, if possible,  create decor with the items already present at your home. Here are a few home décor DIY suggestions –

1.  Convert old jars and glass bottles into beautiful vases and light holders.

2.  Torn-out and old sarees with brocade and embroidery can be altered to make table covers and cushion covers

3.  Old trunk can be painted into attractive colours and used as corner décor item or even center table