Bangalore, the green IT city
Apr28

Bangalore, the green IT city

The Evolution of Bangalore The city which was once called the garden city has now become more famous as the Silicon Valley of India. More recently it has also earned the nicknames like IT city and Pub City. Let’s trace Bangalore’s journey from being the Garden City to now being the IT City. The high tech boom began in Bangalore in late 80s and by 90s it had become an IT hub, but before that Bangalore was popularly known as the Garden City. The reason being it had beautiful gardens – Lalbagh, Cubbon Park, and its roads were lined on both sides with green trees. It was Hyder Ali – the Sultan of Mysore who laid the foundation of Lalbagh, a garden named after his sister ‘Lal Bee’. But it was Tipu Sultan who too took its work forward and thus began the Lalbagh Botanical Garden. It was further expanded by the Britishers, who also planned Cubbon Park in the heart of the city. The presence of greenery trees everywhere seemed as if the entire city lay protected under a natural green cover. This gift of green by nature gave Bangalore another nickname – “the green city”. Pleasant climate throughout the year, beautiful surroundings, and a cosmopolitan culture has made Bangalore a preferred destination among the young professionals today. Bangalore, the third most populous city in India was once a “Halli” meaning a village in the then princely state of Mysore.  It was founded in the 16th century by a local chieftain, Kempe Gowda. This Halli was surrounded by many other small villages, rich green fields and a number of lakes, ponds and tanks.  This, perhaps, is the reason for Bangalore’s salubrious climate. Besides, Bangalore is situated in the heart of Mysore plateau at an elevation of 94.4 metres (3000 feet) above the sea level; this too is a major reason that Bangalore enjoys a pleasant climate throughout the year. From City of Greens to City of Geeks From the Garden City, Bangalore came to be known as the Silicon Valley-the IT City in the 1990s. So from green city it became a city of geeks. This change started in 70s when Mr. R.K. Baliga, the first chairman and managing director of Karnataka State Electronics Corporation, established an electronics park spread over 335 acres around 18 km. south of Bangalore for its Electronic City project. This was in 1976.The title Silicon Valley was first given to the Electronic City campus. The far-sighted state government and its right kind of initiatives for the industry attracted a number of electronic units to Bangalore and thus its foundation as the IT capital...

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Latest Realty Trends in Delhi NCR
Apr25

Latest Realty Trends in Delhi NCR

Delhi-NCR- An Enviable Realty Destination The National Capital Region of Delhi which includes Noida, Greater Noida, Gurgaon, Faridabad, Ghaziabad, and now extending towards Sonepat in North, Bhiwadi / Sohna  in South and Bahadurgarh on the West side has been a preferred  real estate destination for residential as well as commercial spaces. Being the capital of the country, availability of good business opportunities, and a well developed infrastructure makes this region a favoured destination for real estate investors, developers, and non-resident Indians (NRIs). Owning a property in Delhi-NCR is considered to be an incredible achievement if you are a first time buyer and a smart investment if you are an investor.  For end users, Delhi-NCR offers great business and employment opportunities, good infrastructure, education, healthcare, and other amenities. For investors it is a viable investment option, as financial investments in Delhi-NCR are very rewarding. Delhi-NCR- Realty Bites 2013-14 Though Delhi has always been a robust realty market, but 2013-14 was a lacklustre year for Delhi as it was everywhere else. The reasons being – high property prices, higher home loan interest rates, slowdown in economy and downward investor sentiment. Real estate professionals believe that a clear picture regarding the realty market will emerge only after the 2014 general elections when the new government comes into power and businesses as well as retail investors start re-investing. Future trends A research conducted by Makaan.com across major Indian cities to gauge the mood of the market and aspirations of the people for the year 2014 clearly shows that 2014 will bring with it stability and a positive shift from the earlier years. The property market will be driven by end-users who would like to buy homes for self use and most people feel the prices of the property will remain stable. If they do appreciate, it will be a marginal appreciation. Most potential buyers (end users) though want the prices to go down, as their property budget continues to be the same; but within the same budget they are looking for some more value for their money. Lower prices will mean a bigger and better house in the same budget. While earlier there seemed to have been a kind of saturation in tier-I cities and investors had started eyeing the tier-II and tier-III cities, now again the investors are turning their attention towards bigger cities. The reasons are – higher returns in big cities and lack of infrastructural development and lack of investment opportunities in smaller cities. Things seem to be favourable for the Indian real estate and if the new government introduces some progressive monetary policies, lowers the interest rates, and creates...

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Top-up Loan – A Blessing for Existing Home Loan Customers
Apr23

Top-up Loan – A Blessing for Existing Home Loan Customers

Planning to buy a house or apartment, or planning to renovate or refurnish a recently bought house? Well, if you are an existing home loan borrower with a bank, you have a great facility to support your plan.  It’s the top up loan. A top up loan can help you meet some of your big expense- be it home renovation, education, marriage  or any such expense at a relatively lower interest rate than a personal loan. It is available only to an existing home loan customer. A top up loan is an additional amount of loan that you can borrow on your existing loan facility with a bank to meet some major expense. You can avail this loan only if you are an ‘existing home loan borrower’. As the name suggests, this loan is meant to top-up your existing home loan amount and it can be availed only after a few years of having taken the home loan. For instance, some banks give you a top up loan only after you have repaid your loan diligently for at least one year; whereas some banks give this loan 1-2 years after the possession or completion of the property financed. The bank will analyse the market value of your property, the amount of outstanding loan, your loan repayment history, and your present financial condition before approving your top up loan. The tenure of a top up loan can go up to 15 to 20 years, depending on what’s the term of your home loan, maximum tenure being as same as the balance repayment period. Since the tenure of this loan is usually long, you can have the benefit of easy EMIs that can be comfortably adjusted in your monthly budget However, it is the bank which, after doing its own evaluation, decides the amount and the maximum tenure of a top up loan a customer can avail. Eligibility – Who can Avail and How Much You can take a top up only when you have a home loan to top up on. The conditions for availing a top up loan varies from bank to bank. Sometimes, you have the option of taking a top up loan from the same bank which had initially facilitated your home loan. However, there is no guarantee that the same bank will support your application for a top up loan. But, there is nothing to worry as an alternate way is also there if that’s the case. You can always shift the home loan from the previous bank to a different bank, a bank that is willing to give you a top up loan. However, the...

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Soft Furnishings
Apr19

Soft Furnishings

Soft furnishings can transform the look of your interior decor, whether it is traditional, contemporary, eclectic or modern. Bricks and concrete alone do not make a home that has your statement style, it’s the décor of your living place that exudes the charisma of your personality and projects your style. Soft furnishing, an important element of interior décor, helps you achieve the desired effect quite easily. Any textile product used in the home decor, like curtains, upholstery, bed linen, and cushions are referred to as soft furnishing. It also includes bath linens, table linens, bed linens, drapes, cushions, rugs, upholstery fabric and all kinds of home furnishings.  Experiment with your thoughts, mix and match the color and create your own style of decorating the interiors of your home. Soft Furnishings – The Inexpensive Home Makeover Solution Sometimes you feel bored looking at the interiors of our home – the same sofa, the same table cloth, the same cushions, the same drapes and you look forward to some change – a change that is refreshing but at the same time inexpensive.  Since a complete room makeover is not possible for everyone, people often go for a change in soft furnishings. This gives a new look to their interiors and uplifts the spirits of all the members of the house. Curtains When you think of changing your soft furnishings, curtain is the first thing that comes to your mind and the common mistake you make while buying curtains is that you just go by the look of the curtain. You would generally not feel its texture, its fall, or see if it will go with your overall décor, you would just buy whatever looks good and is in vogue.  But, remember you are now stepping into the arena of home interior designing where choosing the right fabric and color, right length and lining for the curtains can do wonders for your home designing venture. You can choose prints and designs according to your choice. While floral patterns and shiny prints can add grandeur, curtains with stripes and checks can add a hint of sophistication and give a contemporary look to the room. Your curtains should neither be of too heavy fabric nor of too light, because curtains that are too heavy may not fold nicely and those that are too light weight may not fall well. Opt for fabrics like linen, cotton and faux silk if you want to have fabrics with a good fall.  Real silk can also be used but always with lining as direct sunlight can fade it.  Lining not only gives protection from sunlight, it also adds...

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Global Warming
Apr16

Global Warming

Global warming is the continuous rise in average temperature of the Earth’s atmosphere. It has caused a significant impact on the global climate change. The term global warming is commonly used for describing the impact of enhanced greenhouse gas effect on the Earth’s average surface temperature. Due to the emission of greenhouse gases such as carbon dioxide (which is emitted due to burning of fossil fuels or due to deforestation) extra heat gets trapped in our atmosphere. This trapped heat acts as a blanket and warms our planet, thus causing global warming. Enhanced Greenhouse Effect In its natural process, greenhouse effect is good for life on Earth.  When Sun’s energy reaches the Earth’s atmosphere, some of it gets reflected back into space and the rest is absorbed and re-radiated by greenhouse gases such as water vapour, carbon dioxide, methane, nitrous oxide, ozone and chlorofluorocarbons (CFCs).  This process is called greenhouse effect. The trapped or absorbed energy warms the Earth enough to support life on Earth. But, the problem that we are facing now is ‘Enhanced Greenhouse Effect’. Now, what is happening is that due human activities , particularly fossil fuels burning (coal, oil, and natural gas), agriculture, and deforestation, the concentrations of greenhouse gases are increasing in the atmosphere and this is warming the earth far too much than it should be. This Global Warming in causing climate change and this is affecting all living beings on Earth. We are running out of time, and something needs to be done urgently to reduce this warming up of Earth. Global Warming and India Because of increasing consumption of fossil fuels, India, has now become the third largest emitter of greenhouse gases worldwide. Although if you look at India’s per-capita emissions, it is among the lowest in the world, it is 1.7 metric tons per capita as against 17.6  metric tons per capita of the United States. India is one of the fastest growing economies of the world today, and if it sustains a high annual economic growth rate, it will experience an increase in greenhouse gas emissions. However, understanding the seriousness of the situation, India has increased its investment in climate change. Impacts of Global Warming Global warming, if not halted, will have catastrophic effect on global climate. The Intergovernmental Panel on Climate Change (IPCC) mitigation report, released on April 13, 2014 makes it clear that climate change is a reality that we need to tackle and tackle soon.  This climate change is driven by increasing greenhouse gas emissions—80 percent of them due to the burning of fossil fuels. The climate change is melting the Arctic ice, acidifying oceans, adversely affecting people’s health,...

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