Boma Yangu: Affordable Housing Programme and How to Apply for it

With the new affordable housing programme of the Kenyan government, home ownership turns into a reality for Kenyans. The 500,000 Affordable Housing Programme brings to you an easy-to-use platform, called Boma Yangu that helps you start your journey to owning your own house. In this article, we take you through what Boma Yangu Affordable Housing Programme is all about and how you can apply for it.

What is Boma Yangu Affordable Housing Programme (AHP)?

The initiative for affordable housing by the government is a part of the ‘Big 4 Agenda’, wherein they want to ensure that low and middle-income households also have access to decent and affordable homes. These houses will be financed and built by private developers on both government and privately owned land.

AHP is a first-of-its-kind comprehensive program wherein the government is planning to use private sector funding to build homes for lower and middle-income Kenyan people. It aims to provide accessible financing options to potential buyers using the National Tenant Purchase Scheme (NTPS) where the beneficiaries can make affordable monthly payments to own a house. 

How does it work?

For those interested in availing of the affordable housing scheme, you need to first register yourself. 

To register on Boma Yangu, you must be a Kenyan citizen, be over 18 years of age, and have a valid national identity card. You can then fill in the details on your profile application form and pick the house you are applying for. 

The house allocation thus begins by Boma Yangu, without any human intervention. The members pick their preferred location and then are provided with the type of home they qualify for based on their income, deposit payments, and other information provided. 

The allocation processing is then announced on the Housing Portal and via other communication channels. The actual allocation begins when the projects go live.

Types of Houses

Different types of houses are covered under the AHP scheme, from one-bedroom to three-bedroom units.

Some unit typologies include:

• One Bedroom – 30 sqm @ Kshs 1,000,000
• Two Bedroom – 40 sqm @ Kshs 2,000,000
• Three Bedroom – 60 sqm @ Kshs 3,000,000

Read more here – https://bomayangu.go.ke/Faq

While Boma Yangu is here to fulfill your homeownership dreams, you can also look at other affordable housing options. One such development that catches the eye is Mi Vida Homes – a new residential developer created through a joint venture between Actis, a leading growth markets investor, and Shapoorji Pallonji Real Estate (SPRE), the real estate arm of one of India’s largest conglomerates. Placed right off the 7 Thika Super Highway exit, Mi Vida offers 1, 2, and 3 bedroom apartments at Garden City, Nairobi, Kenya.

Mi Vida at Garden City Nairobi

5 Fool-Proof Handmade Jewellery Trends of 2022

 

With the new year coming around the corner, it’s the right time to start investing in jewellery that is going to be monumental in 2022. We have some insights on the pieces that are about to get trendy in no time especially when it comes to affordable handmade jewellery. From ethnic wedding looks to chic statement pieces, we have got you covered!

Take a look at these 5 handmade jewellery trends that you can shop from our store today. 

Pearls and charms

2022 will be seeing a refreshed look of semi-precious stones matched with pearls that are comfortable and smart at once. Another major trend in terms of handmade jewelry is charm bracelets that go with just about anything. If you’d like a unique piece that fits both these trends at once, check out our Tahira Multilayered Bracelet. You can go dainty or fancy and it would still look chic and classy either way. 

Tahira Multilayered Bracelet

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Bold pendant necklaces

More is less is also an upcoming trend in 2022, with exquisite, handcrafted pendant pieces taking their time to shine. Be sure to add a statement piece into your essentials for that extra edge to your look. In case you want to shop for one right away, take a peek at our Harriet Pendant, which is definitely a stunner.

Harriet Statement Pendant

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Large Stone Set Rings

Carrying forward the bold theme, chunky rings are on their way back to fashion now. Whatever the occasion, elevate your ensemble with large stone set rings and stand out from the crowd. Our Mint Meena ring is the perfect ring to accessorize with any of your ethnic ensembles with its exquisite handcrafted details that are just the right amount of pizzaz. 

Mint Meena Ring

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Classy Kundan work

When it comes to ethnic handmade work, Kundan work, with its clean designs and muted colors is your way to ace the game in 2022. For a piece that is bound to give you praises, we would suggest you give our Kundan Jadau rings a chance. Get ready to flaunt yourself at all those weddings that you had to stay away from for a tad bit too long! 

Big Kundan Jadau Ring

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Chandbali Sets

Speaking of weddings, if you are a bride-to-be, then you need to definitely consider Chandbali sets in at least one of your wedding day looks. Be it Haldi, Sangeet, or your reception, something as simple as a handmade teeka can do wonders to your blushing bride’s face. Chandbali is crafted with extreme care and skill, embellished with gemstones and Kundan Jadau. Grab one of our carefully curated Chandbali sets to add a regal touch to your ensemble. 

Chandrika Teeka

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Make sure to make a purchase from the Miraya store where we have plenty more to offer. Our products are sustainable and handcrafted to perfection. Here’s to wishing you a great 2022!

Originally published at http://realestateandepc.wordpress.com on November 26, 2021.

Top 6 Construction Companies in India

 

With construction as India’s largest industrial sector and second-largest employment source after agriculture, we bring to you a comprehensive list of the best construction companies in India. 

As per projections, the construction industry will be growing at a CAGR of 11.7 percent between the years 2021 and 2025. It is anticipated that the country’s building production will reach an estimated US$ 842535.2 million by 2025.

With all this in mind, let’s take a look at the top contributors in the construction industry below.

Hindustan Construction Co. Ltd.

Founded in the year 1926, Hindustan Construction is one of the top companies in the country, with its segments in engineering, construction, real estate, urban development, and infrastructure. It provides solutions across various projects within these segments such as water, power, management, and transportation among others. 

Larsen & Toubro 

Founded in 1938 by Henning Holck-Larsen and Kristian Toubro, Larsen & Toubro is headquartered in Mumbai, Maharashtra, India. It deals in power, shipbuilding, heavy equipment, and electrical equipment. The company’s major services lie in construction, IT, financial services, and real estate. It has also formed a joint venture with Sapuracrest, Malaysia to provide offshore construction services. 

Shapoorji Pallonji Group

Headquartered in Mumbai, India, Shapoorji Pallonji offers a wide variety of services including real estate, infrastructure, security systems, industrial engineering, appliances, and power. It has a strong workforce of 70,000+ individuals who are guided by the slogan of “Either Safe Work or Refusal’. With their 150-year long journey, SPRE has built a reputation by building some of the most iconic buildings in India that have stood the test of time. They are also one of the top construction companies internationally, with their sub-verticals, SP International and Oman Shapoorji Co. They are a mix of thoughtful design, long-lasting construction, and the best of engineering that speaks of strength and stability.

Macrotech Developers Pvt. Ltd. (Lodha Group)

Popularly known as the Lodha Group, Macrotech is a real estate giant based out of Mumbai, India, and started in 1980. The company deals in both residential and commercial projects and has partnered with different companies across Interior Design, Architecture, Services, Finance, and more. 

Dilip Buildcon Pvt. Ltd. 

One of the top 10 construction companies in India, Dilip Buildcon, based out of Bhopal, has its presence across 17 different states. It has worked across various different sectors including roads and bridges, urban development, mining, water sanitation, sewage dams, and more. It employs around 400-500 people and has a YoY growth rate of 17 percent with its revenue standing at INR 29,292 million.

Jaiprakash Associates Ltd. 

Famously known as the Jaypee Group, the company was founded in 1979 and is based out of Noida, India. The company has various segments including engineering, construction, real estate, and cement. As one of the leading companies in construction and infrastructure, Jaypee aims to excel in every sector they operate in. 

Other honorable mentions in this list would be of NCC Ltd., Simplex Infrastructure, and GMR Infrastructure, all of which have been setting benchmarks in construction in India.

Originally published at http://realestateandepc.wordpress.com on November 23, 2021.

Top 6 Places to Invest in Bengaluru

 

Home to a constantly increasing migrant population, Bengaluru is a hub for great employment opportunities with good living standards and a modern lifestyle. Some may call it the perfect combination.

It is even well-connected and hosts good weather throughout the year. With all this, a question for people who want to settle in Bengaluru naturally arises – where should we buy a house in Bengaluru? And we have you covered!

In this article, we take a look at the best places to invest in Bengaluru. Are you ready to explore your options?

1. Hebbal

Image Source – Wikipedia

Located near Hebbal lake and Nagavara lake, Hebbal is considered one of the prime locations in North Bengaluru. It is surrounded by impressive infrastructure and several work opportunities with the presence of Manyata Tech Park. It is also home to good schools, colleges, and shopping malls, thereby making it an attractive area to invest in for home buyers. What’s more? It lies in close proximity to the airport.

2. Yelahanka

Image Source – MagicBricks.com

Known for its manufacturing industries, Yelahanka is a great place to invest in commercial properties, especially with its growing IT industry that attracts a lot of professionals in the area. It also has a lot of educational institutions and healthcare facilities that make it an ideal place to invest in. 

3. Electronic City

Image Souce – Wikipedia

One of the best choices for both commercial and residential investment, Electronic city is a zone that holds the country’s top corporates and IT Parks including Wipro, HP, BHEL, Infosys, and more. You can buy a residential property in Electronic city, starting 15-25 lakh.  

4. Binnypet

Image Source – etamall.in

Binnypet is located in the heart of Bengaluru, surrounded by commercial areas like Chickpet, Chamrajpet, and Okalipuram, making it one of the most desired localities to live in. It also houses quality education and healthcare facilities including St. Lords international School, Royale Concorde International School, Victoria Hospital, Apollo Hospital, and more. If you are looking to invest in a luxury 2 or 3BHK in Binnypet, then look no further than Parkwest 2.0 by Shapoorji Pallonji Group, starting at Rs.1.25 Cr.* and Rs.1.85 Cr.* respectively. It is the perfect blend of brilliant design, functionality, and a plethora of amenities and green spaces. 

5. Sarjapur Road

Image Source – PropTiger.com

Surrounded by prime locations like Koramangala, Whitefield, Electronic city, and more, Sarjapur road is the new hotspot for realty investments. Due to the rising number of people moving in this area, it has a lot of new real estate projects coming up, and rightly so as it has a variety of educational and healthcare institutions within the vicinity.

6. Whitefield

Image Source – Wikipedia

Located in East Bengaluru, Whitefield provides you with a host of high-end living options. It is surrounded by well-established corporations and is very well-connected via purple metro rails, train services, and bridges. What makes it even better is that it also has a lot of options for recreation such as the Phoenix Market City, VR Bengaluru, Inorbit Mall, and more.

Originally published at http://realestateandepc.wordpress.com on November 22, 2021.

The top 10 biggest conglomerate companies in India

Decades after the Indian market went through privatization, and companies expanded their goals to global success, the presence of leading conglomerates based in India is stronger than ever. Each of these multi-industry companies has a substantial influence on the market and is a part of consumers’ lives across industries. Their legacy only propels their growth as they focus on expanding their impact to newer industries.

So, let’s take a look at the powerhouses that can be considered India’s top ten conglomerates.

1. Tata Group

Founded in 1868 by Jamshedji Tata, this is one of the biggest and oldest industrial groups in India. The conglomerate has a number of affiliate companies and has also acquired a variety of international companies with a market capitalization of US$325 billion as of October 2021. These companies fall across various industries including FMCG, retail, energy, engineering, chemicals, iron and steel, finance, realty, and more.

2. Reliance Industries

This Fortune Global 500 company is a powerhouse not just in India but across the globe. It is a leader across a number of industries as the largest public-traded company in India with a market capitalization of US$243 billion as of October 2021. The company accounts for a whopping 8% of India’s total merchandise exports and has a leading presence in telecommunications, energy, mass media, retail, petrochemicals, natural gas, and more.

3. Aditya Birla Group

Another Fortune 500 company from India, this group operates in 36 countries with a legacy spanning over seven decades. It is active with global or national leadership in as many as 14 sectors including cement, fashion, finance, carbon black, textiles, mining, metals, chemicals, and more.

4. Shapoorji Pallonji Group

This powerhouse private group has a long-standing legacy of over 150 years. The company is an icon in Indian real estate and has developed notable landmarks and megastructures across the country. The group also delivers end-to-end solutions in various other business segments including real estate, infrastructure, construction, water treatment, solar energy & power, and financial consultant.

5. Adani Group

Founded in 1988 as a commodity trading business, this conglomerate is now the largest private sector power generation company in India. As of April 2021, it has become the third Indian conglomerate to cross $100 billion in market capitalization. It has business in various sectors including port management, electric power generation, and transmission, renewable energy, mining, airport operations, natural gas, food processing, and infrastructure.

6. Bajaj Group

Starting with a small sugar plant in 1926, this group now has 34 companies among which Bajaj Hindustan Sugar Ltd ranks as Asia’s number 1 sugar manufacturing company. Meanwhile, Bajaj Auto is ranked as the world’s fourth-largest two and three-wheeler manufacturer. The group also has business in home appliances, lighting, iron and steel, insurance, finance, and more.

7. Larsen & Toubro

Founded by two Danish engineers taking refuge in India, this company is now among the top construction companies in the country as well as globally. It has 118 subsidiaries, 6 associates, 25 joint-venture, and 35 joint operations companies. Its business span across engineering, construction, realty, manufacturing, IT, and finance.

8. Godrej Group

Established in 1897, this group is managed and majorly owned by the Godrej family. It has businesses in a diverse range of sectors including real estate, appliances, engineering, security, and agricultural products. The group has also partnered with the Indian Space Research Organisation (ISRO) for aerospace and precision engineering projects.

9. Sahara India Pariwar

This leading Indian conglomerate has a diversified presence in sectors such as finance, media and entertainment, healthcare, life insurance, manufacturing, real estate, and more. The company has a strong presence in the sports industry as a title sponsor of the Indian national cricket team, Indian national hockey team, Bangladesh national cricket team, and the Force India Formula One team, among other sports.

10. ITC Limited

Renamed from India Tobacco Company Limited to ITC Limited in 1974, this company has expanded from the cigarette industry to a variety of other sectors including hotels, FMCG, packaging, agribusiness, and more. It has 13 businesses and exports its products to 90 countries. As of 2020, the company has a market capitalization of US$35 billion.

Originally published at http://realestateandepc.wordpress.com on November 17, 2021.