Real Estate Chandigarh- Jaghey.com

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High living High-rises are fast becoming a part and parcel of urban landscape in the north. Homebuyers now are less apprehensive about living on a higher floor The slowdown in the realty sector witnessed over the past few years may have stunted its growth to some extent, but there is one aspect that is growing taller and taller with each passing year. It is the trend of multi-storeyed high-rise residential towers, especially in the northern region.   Positive tidings for home buyers While the undercurrents of slowdown are still strong in the realty market and buyers remain apprehensive due to the uncertainty over the formation of a new government, the market seems to have tilted in the favour of buyers in the first quarter of 2014. The main reason for this is the price stability that has been witnessed in different pockets across the country in Jan-March 2014 period.    Small steps for big storage How to create more storage space in a small apartment It is the age of high EMIs and micro pads where people have to make-do with restricted interiors. And those living in these confined apartments know that small living spaces can pose a serious challenge as far as storage goes. Any interior decorator will tell you that it is possible to have plenty of storage space in a small apartment. All it needs is some smart choices and thinking outside the cabinets and cupboards. In fact, designers and architects are coming out with innovative ideas to ensure that every inch of space is used advantageously in small apartments.   real issue Smooth approval system will boost housing segment As the nation is in the process of electing a new government, the new government would be duty-bound to give due attention to the much neglected housing sector. At the outset the new government should set up a single-window clearance system to cut delays in getting approvals for housing projects and check cost escalation. It has to ensure that the average approval time is reduced from 196 days to 45-60 days. Delay in obtaining approvals often increases the cost of a housing project 1.5 times. At present around 34 permits are required for a housing project.   real talk 2014 holds promise of a revival The real estate market in the country has been experiencing a low sentiment for the past couple of years. How has this impacted the buyers and the developers? There is no denying the fact that the realty sector has seen a tough time over the past few years. With low sale volumes and rising inventories the growth of this sector has taken some beating and it is only with a positive policy thrust from the government that we can expect growth and revival in the sector.     Green house Pretty blooms that withstand weather vagariesNorth India experiences extreme weather conditions be it the chilling winters or searing summers. These climatic conditions make maintaining an attractive home garden a tough job as one is constantly struggling to save the plants from heat or cold. However, there are many beautiful annuals that continue flowering in spite of changes in the weather conditions. These include osteospermums, gomphrena globosa, gaillardia grandiflora,celosia, vinca and hybrid of petunia, verbena and marigold. These long-duration flowers are also available in different colours that help you in maintaining colour, harmony and contrast in your garden all over the year.    market pulse Expanding footprint of shopping space India continues to see a wave of new shopping center development despite some developers pushing back completion dates due to financing issues. Around 500,000 sq. m. of new retail space is under construction in New Delhi. The largest two projects, DLF Mall of India Noida (204,385 sq. m.) and Logix City Center Mall (111,483 sq. m.), are both located in Noida. Among tier II cities in India, Hyderabad is the most active market with a current supply pipeline (483,000 sq. m.) three times greater than its existing stock. realty bites   Bhoomi pujan Bhoomi pujan ceremony was held at Chandigarh Citi Center in Zirakpur earlier this week. The upcoming commercial centre that will spread over an area of 10 acres is located at the VIP Road in Zirakpur and will be a one-stop-destination for retail needs of the people living in and around the area. Speaking on the occasion Vijay Jindal, MD of the Group said, "Before conceiving the project we conducted an extensive survey and analysis of the local market and came up with a perfect investment opportunity, promising great returns in the form of rentals, business returns and capital appreciation".   tax tips Property ownership in partnership deed Q. Can a property purchased by partners in their individual name (like factory land purchased in individual name) be shown in the partnership balance sheet as also the building constructed upon later?