Author: industrialtouchscreenmonitor

ROLE OF FLOOR SPACE INDEX IN THE REAL ESTATE INDUSTRY

When buying your dream home or investing in property for the first time, you may come across jargon that you need to understand. Floor Space Index (FSI) or Floor Area Ratio (FAR) is one of the most important real estate terms that are key to making a smart decision when buying property. To put it simply, the Floor Space Index is a ratio of the built-up area to the total plot area.

Who regulates the FSI and how is it calculated?

The Directorate of Town and Country Planning (DTCP) regulates the FSI. An FSI differs from building to building, irrespective of its location. It depends on the city zone, number of floors of the building, and other factors like amenities provided. The calculation of FSI also depends upon the type of building construction, residential or commercial, the function of the building, and the number of floors it has.

Based on this, the builders pick the relevant FSI from the ready-reckoner circulated by the government every year. The ready-reckoner refers to the government rates used to calculate property taxes such as stamp duty and others.

The Floor Space Index is calculated using the following formula:

Floor Space Index = Floor space covered in all the floors/Total area of the plot

What is the premium on FSI?

Usually, the government fixes the FSI for every location and the builders have to abide by it. However, in some cases, the developers can avail an extended FSI, for which the government charges a fee known as premium on FSI.

What is the role of the Floor Space Index in the real estate industry?

An increase or decrease in FSI has a great impact on the real estate industry. Read on to know more.

1.  It enhances the skyline of the city

An increase in the FSI results in adding more floors to a building. This means if the government proposes FSI increases, the location will see more of vertical properties, which will decongest a city and add tall building complexes, both residential and commercial.

2. It increases the scope of development

Apart from the visual enhancements of the skyline, an over-crowded city can enjoy a greater advantage of an increasing FSI. Over-crowded cities like Mumbai, Hyderabad, and others attract a large number of people from other cities owing to reasons like employment opportunities and a higher standard of living. Thus, they experience a scarcity in vacant space to build affordable housing projects. So, the projects offering housing facilities sell at a heavy price. FSI is one of the most effective ways to combat this problem. Developers can add more floors to their buildings and offer additional flats for sale. Thus, FSI also affects the scope of development in the city.

 3. It spikes real estate prices

As you know, the government charges a premium on a higher FSI, which is borne by the builder or construction company. Thus, the burden of an increased cost of construction is most likely to send property prices soaring. In places like Mumbai, where realty prices are already on the higher end, an increase in FSI will definitely pinch the pocket. Thus, FSI has a critical impact on real estate in Mumbai, Pune, Hyderabad, and the other cities. Even if the economy is expecting a correction in real estate prices, increases in FSI may make real estate more expensive.

So, make sure that you pay close attention to the FSI when you are looking to buy a home. Moreover, consider the increased cost to allow yourself enough time to arrange for the same. In terms of borrowing a home loan, consider a Bajaj Housing Finance Limited Home Loan that gives you access to an amount of up to Rs.3.5 crore. This means you need not worry about shelling out an extra sum for the increased property prices.

You can also evaluate your needs and start your property searchright away with Bajaj Housing Finance Limited. Whether you are looking for flats in Mumbai or a villa in Bangalore, you can find RERA-compliant properties here. Look for properties like JP North in Mira Road, which offers flat configurations to meet every family’s needs at affordable price. Choose from 1RK, 1BHK, 2BHK, and 3BHK variations according to your family size here. In addition to basic amenities, JP North in Mira Road also offers lifestyle amenities like a club house, children’s play area, and more. Benefit from the property dossier offered by Bajaj Housing Finance to learn the financial and legal aspects of buying a home.

To view your customised deal, check your pre-approved offer from Bajaj Housing Finance Limited and expedite your financing for a home.

Categories: Real Estate

Interesting Research on Homes – What You Didn’t Know

What To Look For In A Local Public Education When You Are Moving To A Different Location

When you finally decide to move into a new location, there are tons of factors you need to consider, and more so if you have children you have to think about their next school. You do not want your kids to learn in any school, but the one that will help model their future. As you look around the new neighborhood you find that, there may be so many schools such that it becomes challenging for you to choose the best one for your children. If you are planning to move in a new town and you do know what qualities can help you identify a good school for your kids before buying the home, this article will highlight some of them for you.

Look for a school that offers experiential education for the kids. Experiential learning revolves around four basics which include experience, reflection, conceptualization and experiments, so check it out and ensure your school practices all of them.

Look for a school where the tutors have taken an initiative to keep up with the evolution in studies and have training to help equip them better for the students. Technology is advancing everyday changing the learning tools that the teachers should use, so look for a school where teachers have taken a step to advance their training.

Consider the extra-curricular activities that the school provides for the students. Kids do not learn from books alone and they can learn more even how to relate with others as they participate in healthy co- curricular activities.

Look at how school is organized and the level of the hygiene that they maintain for the health of your kids. Look at the floors around the classes and determine if they are safe for your kids to be around.

Look for a school that will protect your children from anything outside the school, and you will have a peace of mind. Check the guidelines governing the students arrival and departure from school and make sure they are strict enough since teenagers explorers and in case of anything the school should notify you as quick as they can.

Look for a school that encourage students to read more so that they can understand the content even better. Look for a school that will give the kids projects to work on so that they can learn more about how to solve situations on their own.…

Categories: Real Estate

Study: My Understanding of Houses

The Advantage of Owning the Rental Properties.

Rental properties have an ability to make you a lot of money. Many people have actually made an investment on the rental properties since it is slowly becoming the best way of investment that has an ability to make you a lot of money over a very short period of time.

Currently, they are considered to be the best forms of investment since there is a great growth in the human population. Currently, it has been observed that the rental properties are more preferred over the home properties. The increase in the home values is actually considered to be the main reason as to why the rental properties are being preferred over the home properties. It has been establishes that the rental properties that have been designed in the right way has an ability to earn the landlord a good number of tenants who will eventually make him a large sum of money.

Landlords should know that they designs are very important for the growth of their business. The tenants should actually be attracted to the kind of property that you are providing for them. This is because the renters are less enthusiastic when it comes to a home that is too blank. The landlords should also ensure that they have created rooms that have adequate space for the tenants to enjoy. Such services do not only attract new tenants for you property, but it also ensures that you will have the ability to maintain the ones that you have as the page shows.

There are very many advantages that usually follow ownership of the rental properties. The advantage of owning these properties is that they have the ability to create passive health for you. You are actually able to receive a lot of rewards specially if the property is your own choosing the right place and location for the construction of the rental property may be the main determinant on whether you will be able to make yourself good money. While doing this, you should actually ensure that the property has been created near important infrastructure which may include hospitals, schools and good roads. You should also be able to understand the market conditions and you should also be able to find great tenants for yourself.

In addition, the prevention of loses through selling of the property at a small amount of money may be achieved through renting the property as you can view here. This gives you time to ensure that you are completely sure on whether you are going to sell the property at the amount that is being proposed. Finding a person to stay in your property doesn’t stop you from being the owner.…

Categories: Real Estate

You Deserve a New Mattress

If you are someone who has a hard time getting a good night of rest, it is definitely time to do something about it. A good mattress is a necessity for everyone. Don’t get overwhelmed if it seems as though it is too much money. Instead, consider it a wise investment.

Don’t Hesitate to Shop Around

Thankfully, there are always great deals when it comes to a good mattress. It is up to you to know where to shop and what you are looking for. It is likely that there is a high-quality mattress store in an area near you. It is also possible to shop online. Either way, know what to look for in advance.

Read Online Reviews

Take the opportunity to read what other people are saying about different types of mattresses. This will help to know more about what mattress type would be best. If there are neck and back problems, it may be beneficial to think about a specific type of mattress. You can also check with a medical professional to find out what type of mattress would be recommended.

Take the Opportunity to Leave a Review

It is also helpful to leave a review online when you have found the perfect mattress. It is likely that this review is going to help someone else who is also looking for a nice mattress.

A Good Mattress is a Wise Investment

Many people don’t realize how important it is to invest in a high-quality mattress. Generally, this is where you will be spending a good amount of time. If you are not comfortable, the neck and back will be in a lot of pain.

Take the opportunity to learn more here on this website. Don’t rush into buying a new mattress. Instead, take it slow and remember, it will be worth the time and effort it took to find the perfect mattress. There are plenty of mattresses available for people with all types of needs. Thankfully, there are reviews available online. Learn more about what other people are saying and then go ahead and make the investment. …

Categories: Real Estate

The Essentials of Businesses – 101

Professional Guidelines for Finding and Repairing Pesky Trickle

When water damage occurs in your home, it can cost you a lot of money. Fixing a leaky roof is a better way to avoid wasting your money in the water damage. Generally, leaks on the roof occurs after there is an opening that you can repair freely occurs. Provision of leaking solutions comes in after you have examined your roof and found where the issue is, what is causing it and the damage it has made on your assents gives you an opportunity to enhance repair service. You are recommended to carry out this type of repair before you sell your house to raise its selling price. Below is a discussion on critical ways for finding and repairing a roof that is leaking.

You are recommended to check the siding, walls, and wood found on the roof to look for any signs for leaking. The cause of leaky roofs are rotted wood, any broken or missing pieces or cracks in the siding. The fixing service that is needed once such leaks are identified is simple because less material is required. In case you find some gaps on your roof, consider not to use caulk. The reason for this is that it does not last for long. Nevertheless, to make a repair last, you can use the caulk to replace nails, siding or wood frame.

Ideally, consider checking the seams, looking for missing nails as well check for any possible cracks in the rubber boot. In case you notice any of what you are checking is missing, the best thing is to replace it right away. When you find the rubber boot is a good condition but with the nails missing, the best step to take is to replace them with rubber-washed screws. Also, make sure the removed shingles are not damaged because you can also recycle them

Additionally, step flashing is also recommended. Ideally, flashing is a metal piece whose roles is to protect your roof from water damage. When this metal has shifted, you are advised to lift the shingles above it, followed by sliding and securing it back into place. Replacement of the flashing and nailing it back to how it was with rubber-washed screws is another tip you can do when you find it in a shape that is not good.

If you notice the shingles have small holes, the solution of this is to slide flash underneath to protect further damage from occurring. There are many things that have not been written here about leaky roofs and how to find and repair them but you can get more by clicking at other author’s website to learn more.…

Categories: Real Estate

How I Became An Expert on Tips

What You Need to Know When Planning to Sell Your Furnished House

When taking a look at the market then there are people that will be thinking of selling their house fully furnished. Whenever you are planning to sell your house fully furnished then there are things that you need to look into. It is in this article that we will be talking about the factors that one needs to consider when planning to sell their fully furnished house.

When planning to sell a fully furnished house then there are advantages that you can get and one of it is that it will be selling faster. A house that has been fully staged is the one that most buyers will be waiting. When you will be asking agents then they will tell you that a house that has been fully staged will not be staying n the market for too long.-click here for more

Whenever you will opt to sell your fully furnished house then you will also be able to get convenience. If you are planning to move quicker than this one is very advantageous. Whenever you are able to sell your house fully furnished then you will not be thinking to about the things that are inside especially when you are moving to another country. When taking a look at some people that they will not have the luxury of time to sell their furniture one at a time.-view here for more

Another advantage that you will get once you will sell a fully furnished house is that you can have it as a selling feature. A very true case is what you will get once you will have features that have been custom built for your house. For individuals that are looking of a second home then a fully furnished house is an option that they will be taking. There are also some people that will be looking for a vacation home and they will be considering the house that you have. This true especially if it is located in a popular vacation spot.

If you are planning to sell your fully furnished house then you might be selling your furniture at a loss and that is one drawback that it has. It is common for some people to not really mind about the actual cost of the furniture especially if they want to sell their house in a hurry. Whenever you are looking for a fresh new start then this thing can be good for you.-view here!

Whenever it is you that will be selling a fully furnished house then you need to consider the fair market value and the perceived value that it has. The fair market value is the value of your home on the market. The value can go up or down depending on the real estate market. When taking a look at a perceived market value then that is the value that you think your house is worth. Once you want to know the correct information then you need to make sure that you will be taking help from a realtor.…

Categories: Real Estate

Getting Creative With Tips Advice

Things To Consider When You Are Buying A House

When you are buying a house; you should note that this can be a rewarding experience. One things you might learn is that it might turn out to be one of the most essential decisions you will ever make in your life. Before you take this step, learn about some of the things you should put in mind.

When you are doing the buying, you have to think of whether you will go about it alone or hire a realtor. Most people feel that they need to have the expert when they are going into this venture. When you are d doing the buying, some of the things you might discover more is that not all might be qualified for this venture. When you are doing the choosing, you should warrant that you a have hired the best professional. You need someone who know more about the business you are doing than you. Some of the things you should note about the experts is that they will be able to guide you with your home purchase.

You also need to think about affordability. You ought to look into your credit statement and if the banks will be willing you credit your house loan. One thing you should know about this product, you have to think of whether you will be able to afford the mortgage when you lose your job. You have to look into your savings and find out if you can be able to afford the repairs done to the house. Think about these changes and how they might end up straining your finances.

The location is another thing you should think about. So as to understand the importance if the right location then you should do your research. Keep in mind the place you choose to sleep will determine the commute. You should discover more on the distance you might have to travel to work or school. The thing is that when you do this, you will find that you will be able to make the right choice. When you do your research, it will be easy for you do to get the right place.

The other thing you should note about this service is that you have to look beyond the paint and the perfect picture. You should look beyond what you see on the website so that you can find out of the house fits you. When you do this, you will be able to learn if this is the house for you or not. It does not matter the times you click on the picture you can only make the right choice when you visit the place. Some of the things you should note is that visiting the place will help you with the decision making.…

Categories: Real Estate