Friday, September 30, 2022

Understanding The Potential of Real Estate as an Investment

 Understanding The Potential of Real Estate as an Investment


Wednesday, September 21, 2022

Unable to choose between 2 BHK & 3 BHK? Let us help you here!

 

Unable to choose between 2 & 3 BHK? Let us help you here!

There are various aspects to cover if you are looking out to buy a house of your own – budget, area preferences, add-ons, etc. You have all the right to get confused in choosing the right space for your family, be it a 2 BHK or a 3 BHK apartment that covers all the aspects.

Here, we are trying to make sure that your journey from choosing to booking a home is smooth; we will give you some good pointers to check before you finalize your dream home.

Be sure of your requirements – “Why”, “For”, “Who”, “Numbers”, “Where” and a few others

Why should I invest in property?

The number of people who would be staying?

Are we going to stay or it is just for investment purposes?

Configuration of the house – which fulfills present and future requirements

Evaluating – Pros and cons 

You need to jot down the plus-minus/pros-cons/advantages-disadvantages which are related to the configuration that you are willing to buy. There would be many things that will come up for each of the configurations that you will check out.

Below are pointers that will help you in getting to know most of the negatives and positives of a 2 BHK & 3 BHK property:

Meaning of BHK –
BHK means ‘Bedroom, Hall and Kitchen”. The term BHK denotes the number of rooms in a home.

The Primary Difference between 2BHK and 3BHK –
2BHK property has two bedrooms, one hall, and a kitchen and whereas 3BHK consists of three bedrooms, a hall, and a single kitchen.

CategoryProsCons
2BHK
1. Maintenance wise a bit easy 
   
2. Readily available

3. Apt for people who are buying property for the first time
 
4. Great for small families and couples

5. These apartments are high in demand and can be easily given for rent
    
6. Compared to 1 & 3 BHK, the appreciation value of these apartments are quite good
1. 2 BHK are always in demand and if you don’t book the apartment you’ve liked, chances are that it will get sold out quickly  

2. You cannot think of making some extra spaces for anything else, that you might feel the need for
    
3. Discounts on this configuration are rare

4. If you wish to grow your family – the space would not be ideal
3BHK7. These come with bigger and better spaces and are ideal for big families and for those who wish to add new ones    

8. Certain apartments specifically come with room for a servant and this can be helpful if you need someone to handle things 24/7 
 5. The return on investment is low when compared to 2 BHK   

6. High Maintenance     

7. A bit difficult to rent these types of properties as the rent is on the higher side and people generally prefer a bit ease 

Get your preferences right!

There are certain pointers that you would need to understand – the size of an apartment varies across the same and even in a different project which belongs to another builder. For instance, you would see a 2 & 3 BHK having the same sq. ft area and even 1 BHK’s with the super built-up area, which can range from 350 – 650 sq. ft. Alongside, there are builders who would offer a 3 BHK with 1200 sq. ft area and another builder giving the same area in 2 BHK configurations. You would then need to decide if you and your family would prefer many rooms with smaller spaces or bigger spaces but few rooms.

Make sure that you are aware of all the terminologies that a builder uses – built-up area, super built-up area, and carpet area. A super built-up area is bigger than the carpet area and carpet areas are the actual area which you would be using. You would always need to check for the carpet area and get the information to avoid any misleading. 

One more point that makes you decide on the apartment that you would want to zero down is your BUDGET! Getting something in your budget which is being built in the city or shelling out more from your pocket to stay in the city? Buying a house from a reputed builder and paying more, or paying less for a not-so-hot property. Always, stick to what your gut and pocket say while keeping in mind the necessities.

Just relax and keep a note of the above before you invest in a property. A clear and simple thought helps in choosing better property! At Joyville, we always help our customers in choosing the best configuration while making their journey smooth.

Originally published at http://realestateandepc.wordpress.com on September 21, 2022.

Tuesday, August 23, 2022

Top 5 Construction for Banks by Shapoorji Pallonji

Banks are one of the most prominent landmarks across the world. Bringing life to these buildings is a task many cannot accomplish. When it comes to creating timeless constructions Shapoorji Pallonji has consistently delivered to their clients.

Let’s take a look at their most monumental bank projects in the world.

Reserve Bank of India — old building
Reserve Bank of India — new building
Bank of India, Mumbai
Commercial Bank Le Boulevard Building, Qatar, 2018
State Bank Institute of Leadership, Kolkata, 2018

Tuesday, August 16, 2022

What’s the difference between Thermal Power Plants and Solar Power Plants?

 What’s the difference between Thermal Power Plants and Solar Power Plants?

To understand these energy sources, let’s take a look at the differences between Thermal Power Plants and Solar Power Plants.

Thermal Power Plants

The process goes as follows:

  • The heat obtained from burning fuel is used to convert water into steam.
  • The steam, at high heat and pressure then rotates turbine blades.
  • These blades are part of the shaft which is connected to the generator.
  • The generator converts the energy obtained from the movement of the turbine into electric energy.

Solar Power Plants

The process goes as follows:

  1. The individual solar cells that make up an entire solar panel absorb the light from the sun.
  2. These cells convert the sunlight into Direct Current (DC) electricity through a process called the Photovoltaic Effect.
  3. The DC electricity then flows into an inverter that converts it into Alternating Current (AC) electrical power.
  4. AC electricity is the energy consumed by electronic devices and appliances that are connected to the solar energy system.

Solar EPC vs Renewable Energy EPC

 Solar EPC vs Renewable Energy EPC

What is Solar EPC

What is Renewable Energy EPC?

The world of energy is changing.

Friday, July 29, 2022

10 Classic Shapoorji Pallonji Construction Projects in Mumbai

 Ever wondered how Shapoorji Pallonji became the leading construction company in the world?

Reserve Bank of India (Old and new building)
Bank of India
Taj Mahal Palace Hotel — Tower Wing
Oberoi Towers
Breach Candy Hospital
Brabourne Stadium
FIFC
Peninsula Business Park
Rehab Towers, Sarova Township — 2018
Reliance Corporate IT Park — 2014