Which State Topped IGBC Green Building Rating?

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Indian Green Building Council commonly known as IGBC is a part of CII that came into existence in the year 2001. The sole aim of this body is “to enable a sustainable environment for all and facilitate India to be one global leader in sustainable built environment by 2025”. To ensure this, it offers a wide array of services like green building training program, green building rating program, and certification services. Also, IGBC releases state-wise green building data, to check each state status on the Go-Green front.

According to its latest report, Maharashtra has left all the other states far behind in the race of green building spread. As per the data, the state has as many as 1,124 green buildings that is way ahead of any other state.

Here’s a list of states that follow Maharashtra and its green building quotient –

Tamil Nadu – 355

Karnataka – 354

Uttar Pradesh – 351

Telangana – 253

Delhi – 197

Haryana – 194

In totality, India currently has a green building footprint of 3.68 billion sq ft, which IGBC aims to take to a 10 billion figure by 2022. Also, according to IGBC statement, the current footprint is regarded second-best in the world after the United States.

But what have we achieved with so much greenery around, if you may ask then you’ll be pleased to know that India has managed to –

  • Reduce CO2 emission by 50 million tons
  • Saved about 170 gigalitre of water
  • Energy saving worth 50,000 GW per hour

For the future, ICGB plans to add six more standards to the existing 14 green building rating systems. One of which will be EB rating that deals with the conversion of existing non-green buildings into green ones.

Buildings constructed by Trimurty Builders adhere to environmental safety standards and are an example green buildings with all modern amenities can be a reality.  Trimurty’s Ariana, became the first pre-certified project in Jaipur and has 74% open and green area.

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

How Bank Account Statement Impact Home Loan Eligibility?

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Anyone who has ever applied for a home loan must be very well aware of the practice wherein lenders ask for bank account statement. They could ask for bank statements from anywhere around from six months to few years. Now, the question that may pop-up in many minds is whether the said statement has any say in home loan approval or it’s just another formality.

Well, bank account statements have a good say not only in home loan approval but also in the amount to be sanctioned for the same. Here are the few things that lenders analyse in a bank account statement.

1.    Nature of Debits & Account Balance

A Bank Account Statement speaks about once financial health and very well reflects the saving habits of the holder. Say, if your statement shows regular debits towards mutual funds and like, it indicates how good an investor and financially discipline the account holder is. On the other hand, if a lot of debit or credit card transactions especially of high amount are towards online purchases than it may have an adverse impact on one’s overall loan eligibility.

2.    On-going Loan

A look at one’s bank account statement and noticing same amount being debited at regular intervals of time, the lender can easily detect the existence of any previous loan being serviced. The presence of any prior loan becomes an important factor in deciding one’s loan eligibility. Home loan eligibility gets reduced with any previous loan being serviced.

3.    Cheque Behavior

Value and volume of cheque returned or deposited speak a lot about one’s financial health and business standing. For example, if the account statement shows debit balance regarding bank charges for unpaid or bounced cheque it would paint a doubtful picture in front of the lender. He would avoid giving a loan to a person who issues cheque without even inquiring presence of adequate balance in his account.

4.    Verifying Nature and Level of Business/ Job

In the case of a salaried person, the lender will be able to confirm whether the proposed salary in the income tax return is being credited or not in his bank account. If yes, then his salary is genuine or otherwise there is something suspicious. Same is the case with self-employed individuals; the level of their business activity will be tallied with income credited and declared income tax return.