Wednesday, May 25, 2022

What is Floor Rise Charge (FRC) & How to Calculate It?

Buying a home comes with many costs, especially when you are purchasing a high-rise apartment. One aspect of the pricing involved in the agreement value is the floor rise charges. Floor rise cost comes under PLC which stands for Preferential Location Charges and it majorly affects all real estate purchases in India. It is a charge that is not governed by any regulations and so they vary from city to city.

Here is a guide to explain the basics of floor rise costs and how they can affect your purchase.

What exactly is floor rise charges (FCR)? — Definition

Floor rise quotations are charges determined by the construction company in respect of an apartment located on floors above the fourth floor in their building. It is calculated on the basis of the cost of construction, interest during construction and overheads. These charges are calculated per sq. meter/per sq. ft. as per the total area of your desired apartment. Based on the particulars of location, the charges can range from Rs.25 per sq. ft. to Rs.100 per sq. ft. Some companies also charge you a higher price for a higher floor.

Calculating Apartment Floor Rise Charges (FCR)

The most common method of calculating this cost includes charging a particular price per floor or charging X% per cent of the entire project cost.

Let’s look at an example to understand how it works.

Imagine you have booked a property with a carpet area of 500sq.ft. If the rate of the area is Rs.2000 per sq.ft., the basic price will be calculated as Rs.10,00,000. In addition to this cost, you will be bound to cover the GST, PLC and stamp duty. If floor rise charges are applicable to your project, say it is at Rs.50 per floor, and your apartment is on the 10th floor, the final price will increase by Rs.500 making Rs.2500 per sq. ft.

This means, that your base price + floor rise charges = Rs.2500 x 500 sq.ft. = Rs.12,50,000 (excluding other charges)

Make sure you speak with your realtor to take you through the price breakdown so that you are fully aware of all the additional costs involved prior to making a purchase.

Happy Dream Home Shopping!

Shapoorji Pallonji Real Estate is a name to reckon with in the real estate sector. It is part of the Shapoorji Pallonji Group — an enormous multi-business conglomerate. The group has a 150-year legacy of creating great spaces, from the earliest structures of India to modern marvels.

Originally published at http://realestateandepc.wordpress.com on May 25, 2022.

Wednesday, May 18, 2022

What are Builder Floors?

The booming real estate market is currently spoiling investors and homebuyers for choice. Homes don’t just come in tall, multi-storey apartment buildings anymore — there are villas, row houses, and even builder floor developments. The latter is an especially promising option because it offers all the luxuries of a private dwelling with the conveniences of a residential building. Builder floors are low-rise buildings where each floor is an individual apartment, taken up by a number of renowned real estate developers.

Multi-storey apartments are usually the most preferred option with around 60% of first-time homeowners choosing it as per a recent survey. The appeal could be the community living aspects along with the variety of lifestyle facilities. However, independent living has its own premium appeal today. Having the whole floor to yourself with extreme flexibility and privacy is attracting an increasing amount of buyers.

Bringing independent living to the larger masses, builder floors have three notable benefits that should be considered by home buyers and investors alike. Privacy

Having your own floor in a low-rise residential colony is definitely a luxury. This premium choice offers more control over your environment as well as private access to resources like water supply and electricity.

Space

These floor units also guarantee plenty of space, usually spanning over 1500 sq. ft. with a floor plan of 2–4 BHK. This extra space is the best asset especially when you have complete liberty when it comes to decor and renovations. With the required permissions, owners are able to customize their space without the hassle of reluctant neighbors.

Costs and Dividends

Although these homes are more expensive than those in a multi-storey development, they offer complete independence and flexibility that can otherwise only be offered by much more expensive private plots. This desirability ensures great dividends from rental income. Lesser amenities and shared spaces also reduce the maintenance cost. On the other hand, there might be a higher per flat average cost of maintenance due to the private power and parking facilities.

When deciding whether to go for a multi-story or a builder floor apartment, it comes down to the choice between affordable or the ideal lifestyle. Builder floors offer that comfortable, luxurious life for those that want complete liberty and privacy.

Originally published at http://realestateandepc.wordpress.com on May 18, 2022.

Monday, May 16, 2022

What you need to know about Eureka Forbes

Now considered one of India’s leading health and hygiene brands, Eureka Forbes was founded as a joint venture in 1982. It is the union of the Tata Group company Forbes and Campbell with Electrolux of Sweden. The multi-product, multi-channel organization dominates markets with iconic products from water and air purification systems to cleaning systems and security systems.

What is Eureka Forbes?

Eureka Forbes has been delivering cutting-edge health and hygiene products with the latest in technology for four decades. It was formed with the vision of offering its customers a happy, healthy, safe, and pollution-free life through lasting bonds as a ‘Friend for Life. Now, Eureka Forbes serves more than 20 million satisfied customers, reaching over 1500 cities and towns in India. It has also crossed borders to around 35 countries.

The company has widespread retail as well as e-commerce channels in one of the most expansive service networks in India. Its broad network extends to a number of robust franchise business partners. The consumer channels include 21,000+ dealers located in 10,000 cities and towns in India. Moreover, almost 80% of its customers can access a service center within a 5-km radius. 8,000+ company-trained technicians operate from these service centers across the country, making over 40,000 kitchen visits every day.

Most notably, Eureka Forbes is a leader and pioneer when it comes to direct sales with a sales force that is one of the largest in Asia. Its trendsetting direct selling reputation encompasses over 10,000+ professionals operating from 150+ Customer Response Centers in over 120 cities and towns across India.

The iconic Aquabrand brand is the jewel in the company’s crown. It is the flagship water purifier brand of Eureka Forbes and is considered ‘the’ name for healthy and safe drinking water in India. The award-winning product range also consists of customized solutions for the rural markets along with industrial-level solutions.

Forbes Vacuum Cleaners, formerly named Euroclean, is also an award-winning name under the Eureka Forbes legacy. According to recent GFK market share data for 2020–21, it is the #1 vacuum cleaner brand in the market.

Other brands of this renowned company include Dr. Aeroguard, Aeroguard, Forbes Health Conditioners, Air Purifiers, and EuroVigil security solutions. All of these names have now come together under the name FORBES as one notable solution provider. Additionally, Forbes Pro Solutions offers packaged and customized water treatment solutions for industrial processes.

Eureka Forbes is also recognized as one of India’s Top 5 Best Employers, a case study at Harvard and Richard Ivy Business Schools, a classic direct sales reference in marketing guru Philip Kotler’s textbook ‘Marketing Management, a feature in Forbes Magazine Asia edition.

It has won awards for fulfilling its corporate social responsibility as an eager participant in social welfare, especially in times of need. Eureka Forbes has provided safe drinking water in cases of natural calamities, during the pandemic, and at kiosks in public spaces. It has also set up EuroAble which is the country’s first state-of-the-art call center that is entirely manned and operated by people with special needs.

Originally published at http://realestateandepc.wordpress.com on May 16, 2022.

Friday, May 13, 2022

What is an inverter duty transformer?

With electricity being a basic necessity in today’s society, there is constant growth in the sector with new and improved technologies being developed every other day. There is also an ongoing boom in renewable energy solutions with a major focus on solar power. In this space, you may have heard of an ‘inverter duty transformer’. This solution is a major component in the world of power generation, playing a key role in delivering higher efficiency of the power plants. Inverter duty transformers are responsible for converting direct current (DC) electrical energy into alternating current (AC) electrical energy. This, in turn, takes the low output of power and steps it up to get the desired voltage for electrical consumption.

These transformers work hand in hand with inverters to transfer electrical energy without changing the frequency. First, the inverter converts DC energy to AC energy at a low voltage after which the transformer increases the voltage to the value that is required by the electrical devices that are being used. Inverter duty transformers are, therefore, designed to drive the optimum results for better performance in all kinds of conditions.

They are specifically designed by energy storage solution providers for small power conversions, most commonly in solar power and wind power projects. The design includes multiple windings located on the primary side of the transformer which allows it to connect multiple inverters to the grid. This offers access to more energy and higher efficiency. It, in turn, requires a lesser amount of transformers to go with a larger number of inverters. It is a specialized system that is tailored to the requirement of that particular power plant. This means that each inverter duty transformer system is unique, offering specific results in terms of voltage, environmental efficiency, network landscape, and other surrounding factors.

Inverter duty transformers play a key role in creating a power plant that is efficient across different factors including performance, cost, maintenance, and load losses. It is the most important component of reducing energy costs and overcoming issues of low voltage of energy losses in the electricity conversion process.

There are plenty of Engineering, Procurement, and Construction (EPC) as well as Operations and Management (O&M) companies that have significant expertise in developing and managing power plants across the globe. Sterling and Wilson Renewable Energy is one such provider of turnkey EPC solutions that covers all areas of the project to offer a complete and efficiently designed electricity generation system.

Originally published at http://realestateandepc.wordpress.com on May 13, 2022.

What is an epc company?

epc

All you need to know about EPC Companies

You may have heard about EPC Companies but do you really know what they are and how they can help you? EPC stands for Engineering, Procurement, and Construction. An EPC company focuses on providing the three aspects of a project in order to deliver value. This can be done through several different methods such as a turnkey contract or by using a modular approach.

The EPC company will identify what needs to be done in order to build the project and then find suppliers who are able to provide those services at an agreed-upon cost.

The EPC company will also work with engineers and other professionals who are needed to complete the project. They will oversee these professionals’ work and make sure that they are working efficiently and effectively. The EPC company will also manage purchasing costs by negotiating with suppliers on behalf of the client.

What is an EPC contract?

An EPC contract is a contract between a company and another company, where the first company agrees to provide engineering, procurement, and construction services for the second company. The first company is known as an EPC contractor.

This type of contract can be useful when there is a need for a project that requires many different types of expertise. For example, if you need to build a new house, you might need an architect, builders, plumbers, and electricians all working together. If you had to hire each of these professionals separately it would be very expensive and time-consuming. In this situation, it would make sense to hire an EPC company that could bring together all of these different professionals under one roof so that they can work together as efficiently as possible.

EPC Contractors can also provide other services such as project management or risk management which saves time and money for companies who don’t have the resources in-house or don’t want to take on these responsibilities themselves.

Some prominent EPC Companies include Reliance Infrastructure Ltd, Shapoorji Pallonji Group, Ambuja Cements Ltd, and UltraTech Cement Ltd.

Originally published at http://realestateandepc.wordpress.com on May 13, 2022.

What is MWp in solar?

In the world of solar energy, MWp is a measure of quantity. It stands for Megawatt Peak, which is a unit of power that indicates how much electricity can be generated in one hour at maximum capacity.

The term is used primarily in reference to large-scale solar arrays that generate more than 1 MWp per hour. MWp is widely used as a way to compare different types of solar arrays and determine which ones are most efficient at generating energy from sunlight.

How is MWp calculated?

Megawatt peak (MWp) is a measure of a solar panel’s output. It describes how much power your solar panels can produce in one hour at full sunlight or the maximum amount of power your solar panels can produce per hour if the Sun doesn’t set for 24 hours.

To understand this, you need to know two things: how much solar radiation hits the Earth per minute, and how much energy that radiation has. The “peak” part of MWp refers to the peak amount of energy that can be produced by your system during one hour-the highest point on a graph representing your system’s production over time. This means that MWp is not just a single number, but rather an average value over time.

Sterling and Wilson is the leading solar power plant EPC company.

Sterling and Wilson provide comprehensive consulting, engineering, and construction services to clients in a wide range of industries. The company’s portfolio covers wind, solar thermal energy, biomass gasification, and combined heat and power projects.

It is a company that was established in 2013 by two young professionals with a passion for renewable energy solutions. Their goal was to create a team of highly qualified people who have an eye for detail with the ability to deliver high-quality work within tight deadlines while ensuring client satisfaction.

Today they have grown into one of the fastest-growing solar EPC companies in India with offices across four states — Maharashtra, Uttar Pradesh, Andhra Pradesh & Tamil Nadu; catering to clients across different geographies including South East Asia as well as Europe and North America.

Sterling And Wilson Renewable Energy Projects -

Utility-Scale

Solar Rooftop

Floating Solar

450 kWp, Kerala, India

Originally published at http://realestateandepc.wordpress.com on May 13, 2022.

Thursday, May 12, 2022

5 Reasons why you should invest in Hinjawadi, Pune in 2022

Hinjawadi, Pune

The best time to invest in property is when the market is on the rise. While there are many property markets to invest in, Hinjewadi is a great choice for your next real estate investment. The Hinjewadi real estate market has been steadily growing, but it has nowhere near reached its peak. With more and more people opting for apartment living rather than living in their own homes, there is plenty of room for this market to continue to appreciate.

Here are 5 reasons why Hinjewadi is a great place to invest right now.

The Location

By the end of 2022, Hinjewadi is set to be the home of a new smart city that is expected to attract over 50,000 people. The demand for property in this area will also increase due to its close proximity to IT parks and other commercial hubs such as Chandan Nagar and Magarpatta City.

Inclining Real Estate Trends

Hinjewadi is one of the fastest-growing commercial regions in Pune. The region has seen a tremendous increase in its real estate prices in recent years. This means that there will be more demand for homes by working professionals and families alike! What’s more, this price rise is expected to pick up the pace, even more, in 2022.

Rental Home Demand

With more and more people wanting to move into this area, there is an increased need for rental homes which means that renting out your property can be more profitable than ever before! You can expect

The Decline in Lending Rates

Lending rates are at an all-time low in 2022, making it easier than ever for people to buy homes and other assets like commercial property or land lots in Hinjewadi.

Connectivity

You have easy access to everything by road, rail, and air. One great project that you can check is Joyville Sensorium by Shapoorji Pallonji offering 2 BHK flats in Maan Village Road, Pune. Everything you need, waiting for you here. Spacious homes and greater luxury define our Joyville homes. With every aspect of your lifestyle taken care of, you can now focus on what matters the most to you.

So what’s the delay? Make the most of this investment opportunity today!

Originally published at http://realestateandepc.wordpress.com on May 12, 2022.