Green Clearances Go Online
Jul25

Green Clearances Go Online

What is E-Clearance Mechanism? The government recently launched an online environment clearance for infrastructure and industrial projects. As per the recent reports, this system would take care of environmental issues without compromising on the economic growth. The user-friendly system is also expected to bring transparency in the challenging issues on the environmental clearance. The system will allow the applicants and the clearance authorities to keep a track on the process, while adhering to the time limits for No Objection Certificates (NOC). The Environment Ministry is also expected to launch the same kind of online system for forest clearance. It is said that both environmental protection and economic growth is possible by implementing sustainable development mechanism. The reports further reveal, as a part of the changeover to an e-clearance mechanism, the project developers must submit their environment clearance application online. Furthermore, there will be time limits for the entire clearance approval process along with stage-wise timelines. Efforts are being made to cut down the timelines for every stage. The environmental clearance mechanism is the first in the series of online approvals which the government proposes to put in place. Also, forest clearances are expected to be made online in coming days. Furthermore, the government is planning to make the online system even for mining related approvals. As per the sources, the original plan was to have a common platform for central and state clearances; however it is said, that in the initial phase the e-clearance mechanism will mostly deal with the approvals that are given by the Union Environment Ministry and its related offices. However, the government has not yet launched the system as it awaits approval. It is believed that the Central Government is looking forward to working with States to assure that the entire process at their end can be completed on time, and so the Ministry of Environment can grant clearance within 60 days. Moreover, it is expected to have a penalty clause for a delay at any stage of the clearance process. However, this provision is yet to be approved, but the ministry appears firm on presenting this clause very soon. Since the last few years, the Environment Ministry was considered as the biggest stumbling block in the industrial and infrastructural project approvals, and was severely criticized for granting delayed permission to build ports, roads and other public infrastructure projects. With the launch of e-clearance system, a hope among Realty Sector has emerged. The online system was introduced with the motto of easy and quick environment clearance process. It is believed, this vital step is the beginning of transparent governance, and might aid in the improved...

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Creating a Dining Style with a Perfect Table
Jul23

Creating a Dining Style with a Perfect Table

A home is a sweet home only when all our wishes are taken great care of, and all our needs are attended to, along with protection and love. Just 4 walls surrounding us from four different directions and a roof over our head cannot make us live happily in what we call our house. Modern amenities and essential furniture gives satisfaction to our desires and requirements. One such modern piece of furniture which can be seen at almost every home due to its immense usefulness is a Dining Table. When the entire family sits round the dining table enjoying delicious meals and each other’s company, then we realize the significance of having this modern piece of furniture in our home. If chosen carefully a dining table not just meets our requirements, but also emits an attractive and elegant appeal to the dining place or the room where it’s kept. Tables for Dining differ in shape, size, type and design. Round, Square, and Rectangular dining tables are commonly found. Today, these tables are designed to fit even in the smallest space and yet serve its purpose. This modern piece of furniture is compact in size and has stylish appeal. They offer superb quality, class and style, while serving their purpose well. Such, tables are flexible and are enhanced with extendable features that can be easily detached to fit into the size of dining room area. They are trendy and come in diverse lengths and sizes. The antique or most commonly called vintage dining table adds royalty and a rustic look to the house. It makes for an ideal collection, if the home owners have an admiration for antique items and decor. They are generally made from wood like Pine, Oak, and Walnut. As the base product with classic design, it is not only instrumental in imparting a royal charm to your dining room, but also is highly durable, which gives lasting satisfaction to the users. Modern dining table is usually paired with steel to provide extra strength and stability, irrespective of its size, and is usually scratch resistant. Often, they are given a matt finish to make them appear more stunning. They are knock resistance as well. Today, innovative version of functional dining furniture is easily available for houses, with 2/3 bedrooms. Rectangular table is often preferred because it offers ample space for people to enjoy their meal, while sitting comfortably. Round and Oval shaped tables look attractive and even more glamorous, with a glass top. Contemporary dining table style is all about clean lines, but simple yet attractive shapes. Accent Dining Table Accent dining tables are small in size...

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RBI Keeps Key Rates Unchanged; Real Estate Sector Welcomes
Jul21

RBI Keeps Key Rates Unchanged; Real Estate Sector Welcomes

The recent financial news revealed that the RBI governor left indispensable rates unchanged and liquidated INR 40,000 crores of funds for the banks by lowering the amount of deposits, mainly in the government securities. RBI’s move directed towards keeping the rates unchanged and controlling inflation has been welcomed by the Real Estate Sector. The industry experts believe that this trend will continue in the coming times, amid the demands for moderation and control to spur growth. Facts on Rates and Property Trends The repo rate, at which the RBI lends to the banks, has been retained at 8%, meanwhile the statutory liquidity ratio (SLR) has been slashed by 0.5% to 22.5% with effect from June 2014. The cash reserve ratio (CRR) for the banks has been retained at 4%. This further indicates, due to the Indian economy’s tenuous state, and the overwhelming expectation of a tremendous increase in the repo rate, the markets has factored a hike of 25 bps rate. Financial experts believe that due to the status quo decision, there will be more stability, especially on the home loan interest rates. However, the move can also be seen as a true indication of the economic recovery. Industry expert believes that, the RBI’s decision to retain the policy rate is literally good for the present market conditions of the economy, considering the hazy depiction over inflation and also the market analyst expectations. Some experts believe, it would have been better, if the RBI had further increased the rates. Banks and financial institutions hope that in the coming times, RBI will ease its key rates to 7% or below and further help the home loans to slash by 3%-4%. Most of the industry experts believe that the RBI’s decision for retaining the key policy rates is ultimately a positive sign, as this could aid in the growth of the economy. Ironically, RBI has stopped the northwards movement of policy rates; it has also taken effective measures to augment the availability of credit by reducing the statutory liquidity ratio by 50 base points. It is believed that such vital steps have been taken for easing the liquidity crunch. Experts predict that the new budget can facilitate a tremendous growth of the real estate industry. They further believe; that any changes in the rates are not feasible, because they have already attained the peak of high interest rates prevailing in the current market. Real Estate Industry Welcomes RBI’s Decision The RBI’s decision of retaining the key rates and to cut the SLR has aroused a welcome surprise. The RBI’s decision is in accordance with the Central Government’s desire to improve the...

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Impact of Delhi Metro on Property Market in Delhi & NCR
Jul19

Impact of Delhi Metro on Property Market in Delhi & NCR

Delhi Metro Rail Corporation (DMRC) started its operations in 2002. In spite of being touted more as a Social Benefit, DMRC has proved to be responsible for the economic growth of India’s Capital and the whole of National Capital Region (NCR). Over the last 7 years, land prices surrounding the Metro Rail have seen an unprecedented growth. Developers are aggressively investing, while the buyers intend to capitalize maximum gains in terms of developments and accessibility of Delhi & NCR region. Delhi Metro Rail Traffic on Delhi roads are always bottle-necked, with thousands of automobiles running daily. Do you know that the number of cars in Delhi is much higher than the total average of vehicles running on the roads of Kolkata, Mumbai, and Chennai? The recorded total car registration for the year 2012-13 was 84 lakhs in Delhi! It is 4x the total number of cars on Mumbai roads. With an alarming growth rate in the number of vehicles, an alternative mode of transport was greatly needed. Delhi Metro Railways was conceived as an additional transport network to take off the high loads from the busy roadways, and give support to the existing system. Today, it connects the different city areas including the suburbs and the existing New Delhi railway station. It is believed that DMRC project once complete, will substantially alleviate the pressure on busy roads by removing approximately 7 MM cars. It is a 4-Phase network out of which Phases I and II are operational, with SIX lines spanning the heart of the Delhi & NCR. Phase I connects, Dilshad Garden to City Center HUDA City Center NOIDA to Yamuna Bank, Vaishali, and to Sec 21 Dwarka Jahangirpuri to Rithala Phase II connects, Kirti Nagar and Inderlok to Mundka Rajiv Chowk (New Delhi) to Dwarka Central Secretariat to Badarpur Phase III plan of Metro Rail has been approved, with proposed extension of the existing Metro Rail. Phase III plan was recently launched, and it will further expand the existing Metro lines beyond the city limits as well as connect internally. The first trial run for this phase began at the end of 2013. It runs between Central Secretariat and Mandi House. Once completed, it is expected to cover Delhi & NCR – Janakpuri West, Faridabad, Badli, Shiv Vihar, Mukundpur, Botanical Garden, Ghaziabad, and IFFCO Chowk. The benefits offered by Delhi Metro Rail includes, Eco-friendly transportation mode Less cars on the roads signify low air pollution and smog Breaking regenerative system to earn 4 MM carbon credits for the country Use of solar power in the offing Blue Lines to harvest rainwater Property Market of Delhi / NCR...

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How To Make Your Home Green At Low Cost
Jul16

How To Make Your Home Green At Low Cost

If you are building a new home you are probably making a whole lot of decisions on choosing the numerous different features of your home. This is a job that can be pretty exciting initially, but it soon losses its sheen. Building a house is not a cakewalk, you must weigh several aspects of its architecture, construction, space, interiors and exteriors before you can lay its foundation. When it comes to the energy efficiency of your home, you should equally give it a weight age; forgetting or ignoring this critical factor may cause you heartache in the future. The perfect time to add green features to a home is when it is being constructed; so that you can gain the most from reduced energy consumption, and improve the marketability of your energy-friendly property. Often, the builders suggest the home owners a few ideas on how to go green, but you can do much better, if you research on the subject on your own. Conducting a good research will open more options on saving energy and will make expedite your decision making process. Though the upfront cost of adding and implementing green features to your house may initially seem a bit expensive, but in the long run you will profit from the reduced energy consumption bills. Moreover, by adding green features to your home you will also contribute to water and energy conservation, and thus play an important role in protecting and preserving the environment. Here are a few valuable factors while looking for green features to add to your home. Install Programmable Thermostats When it comes to making your home green, the simplest thing that you can do is to install programmable thermostats to reduce your energy consumption. According to industry experts, almost half of your total energy consumption is used for heating or cooling your house, and with these programmable thermostats or Clock Thermostat you can certainly cut down your energy consumption at least by a minimal margin of 3% to 5%. There are many different models of thermostats available today, which can be separately programmed for different days of the week and can be adjust in different season thus, aid in saving you more energy and more money. Use Green Lighting Options- LED/CFLs With the use of LEDs and Compact Fluorescent lamps (CFLs) you can make a lucrative savings. How? Both these types of lights produce minimum heat, consume significantly less energy and also have longer life against traditional light bulbs. Upfront they are comparatively expensive than the traditional incandescent tube light or bulb, but who would want to miss out the savings in the long run?...

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