Top 5 Solar Power Plants in India 2022

 

In the last few years, there has been a significant impression of solar energy development in Indian energy history. Solar energy establishment applications are regionalized and distributed in a manner that benefits millions of people to meet their daily energy (cooking, light, and others) requirements in an eco-friendly way. Over the years, this sector in India has materialized as a substantial competitor in the grid-associated power generation capacity. It backs the administrative plan of sustainable advancement while meeting the nation’s need for energy.

India has sped up the process of increasing the solar energy ability and we are now home to quite a few “largest power plants”. In terms of solar power production, India is in third place in Asia and fourth in the world — Accounting for 38% of total renewable energy.

Indian Government has prioritized meeting the ever-growing energy demands in the country which will be carried out via the National Solar Mission and providing lots of subsidies for both residential and commercial solar plants. The main aim is to accomplish a target of 20 GW for the total installed solar capacity by the end of 2022. The government has planned to install a solar capacity of 100 GW (including rooftop solar of 40 GW). During the first half of 2022, the total solar installed capacity stands at 57 GW (a rise of 7.2 GW)

We will now talk about the Top 5 Solar Power Plant in India — 2022 The below table will name the Top 5 Solar plants with their DC capacity

1) Bhadla Solar Park — Phalodi, Jodhpur — Rajasthan

a. The largest solar plant in the world which is located in India is spread over 14,000 acres of land in total

b. The temperature in this area is anywhere between 46–48 degree Celsius. This being a dry and sandy region, you can notice sand storms and hot winds blowing too frequently

c. Due to its climatic conditions, Bhadla is described as “Unliveable” (a place where you cannot live)

d. DC capacity of this plant is 2,245 MW

e. Soon the plant will be operating at its full capacity and would then become the world’s biggest completely commissioned PV project — the investment would rise up to 10,000 crore rupees — USD 1.3 billion

f. 580 MWp solar power plant in Bhadla, Rajasthan was set up by SWRE ( Sterling and Wilson Renewable Energy), mechanised robotic cleaning device was set up to boost power generation, and decreased operational cost and water consumption

2) Pavagada Solar Park — Pavagada, Tumkur — Karnataka

a. This solar plant was completed in 2019, spread over 13,000 acres of land (53 sq km)

b. Being the world’s second-largest PV solar plant (after Bhadla) with a capacity of DC 2,050 MW

c. Project cost 14,800 crore rupees — USD 2.1 billion

3) Kurnool Ultra Mega Solar Park — Panyam Mandal, Kurnool — Andhra Pradesh

a. Kurnool is spread across 5,932.32 acres of land

b. Owned by APSPCL (Andhra Pradesh Solar Power Corporation Private Limited), it was built on 29 thMarch 2017

c. Solar power developers, Central and state govt. invested around 7,000 crore rupee — USD 980 million on this project

d. DC capacity 1,000 MW

4) Rewa Ultra Mega Solar — Gurh, Rewa — Madhya Pradesh

a. Spread across 1,590 acres of land, this project was commissioned in December 2019

b. A joint venture between MPUVNL (Madhya Pradesh Urja Vikash Nigam Limited) and SECI (Solar Energy Corporation of India) is RUMSL (Rewa Ultra Mega Solar)

c. DC capacity 750 MW

d. The first project in India to supply solar power for railway traction

e. World Bank Group’s President’s Award for excellence awardee for its transaction structure

5) Charanka Solar Park (Gujarat Solar Park) — Charanka, Patan — Gujarat

a. Spread on 4,900 acres of land

b. Investment of 5,365 crore rupees

c. DC capacity 690 MWp. Here in Gujarat Solar Park, 143.50 MWp was set up by SWRE (Sterling and Wilson Renewable Energy) which required 5, 07,769 panels. It helped to power around 6,677 homes in the Charanka area

Originally published at http://realestateandepc.wordpress.com on September 28, 2022.

Top 5 Residential Projects in Thane 2022

 

Thane is developing on a very large scale. It is also called “Lake City” and has some breathtaking views of the green mountain range — Yeoor & Parsik hill and it is bordered by the famous “Sanjay Gandhi National Park”. These are a few of the points which highlight Thane being the hub of residential projects. It has a maximum number of Public parks and gardens, and these factors have helped the people of Thane to have a better quality of air as compared to Main Mumbai. The climate here is quite pleasant.

People were earlier skeptical of owning their own house in the city of Mumbai, but the recent development projects and big builders having their residential projects in Thane has given people a chance to afford their house here. The real estate cost in Thane is fairly low than in Mumbai and due to bigger space availability, there is hardly a single constructed building but more townships which gives the investors a better lifestyle.

There are several projects carried out in Thane — offering 1, 2, 3, & 4 BHK and even independent houses. With great homes, you can even enjoy high-grade amenities — open spaces, swimming pools, senior citizen and kids’ park, jogging track, football, and cricket pitch, clubhouses, restaurants, sky lounges, etc. along with these you can even have developers having hospitals, schools inside their townships and even in the nearby vicinity.

Let us have a look at the 5 best residential projects in Thane

An elite opportunity to become the owner of a spectacular home. It features a selection of 40+ lifestyle and sports facilities that are spread across 2 majestic clubhouses. These residences are made to ensure that the residents are able to receive sufficient daylight and a considerably designed cross-ventilation theme that gives more comfort to the one staying in these habitats. There are no shared walls which gives improved privacy. Possession — April 2028

Godrej Ascent offers 1, 2 & 3 BHK luxury residences Carpet area — 381.15 sq. ft to 863.05 sq. ft Price range — 81 lacs to 2+ cr

Amenities -

One of the tallest towers in Thane — with 51 storeys to it. Skyraa is a precisely curated standard of living specially made for people who enjoy finer things in life, these are selective Garden homes. A world of luxury awaits you on the 51 stfloor with a rooftop sky lounge, which has a breathtaking view of the city. It comes with 3 & 4 BHK apartments which are equipped with fresh air, purifiers, and marble flooring. You can have a beautiful view from the spacious balconies which one expects and to add to your instincts, a luxury retail space for you to enjoy. Possession date December 2027

Carpet area — 1,300 sq. ft to 1,695 sq. ft Price range — starting at 2.44 cr + and 3.00 cr + 2 BHK apartments are available in three variants -

• 551 sq. ft — price 1.41 cr
• 565 sq. ft — price 1.45 cr
• 574 sq. ft — price 1.46 cr

Amenities -

Lodha Amara — Thane gives you an amazing chance to own an exquisite home with 50ft sun decks (selected apartments). Amara comes with almost 50 top facilities which are only accessible to the local residents. The main clubhouse is spread over an expansive 25,000 sq. ft, along with 6 other clubhouses. There is even a private theatre and a Tai Chi dome — for self-reflection and discovery, a hammock garden, and a huge 5,000 sq. ft gym for the members. Lodha Amara is a brilliant combination of luxury and convenience that is uniform to all needs. Ready to move flats.

Lodha Amara offers 1, 2, 3 & 4 BHK extravagant residences Carpet area — 446 sq. ft to 1,444 sq. ft Price range — 88 lacs to 2+ cr (price on request)

Amenities -

Piramal Vaikunth, Thane is a gift to the Balkum area. An elite township with stunning homes that comes with maximum amenities and services. It’s been built on 32-acre land which is used for mixed development activity, it also includes 60,000 sq. ft of convenience space, up to 40% of the land is dedicated to open space and more than 12,000 sq. ft area for strategic retail development. Piramal’s Vaikunth has its own ISCKON temple inside the premises and this amazingly beautiful construction overlooks the Thane creek and advantageously supervises the Yeoor hills. Possession starts in December 2024.

Piramal Vaikunth offers 2, 3 & 4 BHK lifestyle residences Carpet area — 550 sq. ft to 1,370 sq. ft Price range — 1.25 cr to 1.93 cr

Amenities -

Northern light is spread over 4.8 acres of land with comes with 60 plus amenities. It is a well-built life at the most preferred location of Thane. This site has close proximity to all the landmarks and famous spots. These spaces will brighten up your dull day and you won’t complain of getting bored for even a day

Carpet area — 543 sq. ft to 981 sq. ft Price range — starting at 1.43 cr 2BHK apartments are available in two variants -

• 543 sq. ft — price 1.35 cr
• 618 sq. ft — price 1.48 cr
• Living & dining room
• Master bedroom + master toilet + master bedroom wardrobe
• Bedroom
• Common toilet
• Kitchen
• Dry balcony
• Service slab

Amenities -

Originally published at http://realestateandepc.wordpress.com on September 28, 2022.

Understanding The Potential of Real Estate as an Investment

 

Various types of investment options are readily available for you to choose from. If you are a seasoned investor, you would know and if you are new to investment then you should know that each and every venture involves some risk. Talking about this, have you ever given thought to invest in real estate?

No/Yes.?

Well investing in real estate is said to be one of the safest & smartest investment options (globally). There are people who have spread this rumor or they themselves fear to invest that this is not a “Safe investment choice” and it requires a huge amount of money, none of it is correct and just to make sure that you are satisfied — we will give you some of the best reasons as to why investing into real estate is a good decision.

Owing a property in India is considered to be a “great deal”; this comes with a lot of emotional contentment and the instincts are quite strong. Having a property (land/ apartment) is real evidence of the asset and its concrete worth.

Below pointers will give you a fair idea as to why investing in real estate is the safest option to secure your hard-earned money. Benefits of real estate investment

1. Safe compared to investing in stocks

The real estate market is more dependable and viable as compared to the always uncertain stock market. If you are a professional and one who can analyze stocks very easily, then you win in this market and make money, or else trading here is a risky affair. But then again, real estate is physical proof that you own a property — no cat and mouse race.

Investing in stocks can make you lose your money due to its uncertainty, but that’s not the case in real estate — if the documents are proper and authentic, you are all set for investment and it comes with an assurance that you will get a higher value of the amount invested and if not than you will receive the actual value (capital). In the stock market, there are various factors that impact the whole investment — interest rates, changes in government policy, fluctuations in the market, and many others, but real estate is more established and real.

2. Steady cash flow

If you own a real estate property and you think of renting it out. You will receive a said amount every month as rent. In commercial units, people even have gaming zones for extra monetary benefits. The deposit earned from a rental property is invested in another assignment for a particular duration, which again helps get extra money and it is rolled the same way again.

3. Tax-Free — Property valuation

The property that you invest your money into eventually increases from its original cost. And there are no taxes applicable on this profit of yours. You earn extra and when you wish to sell and invest again in another property, this extra amount comes in handy

4. Low Tax deduction

Devaluation is an element that can be submitted for income tax aim but isn’t really an overhead

Devaluation is an element that can be submitted aiming at income tax but this not being an overhead expenditure, won’t hit you financially. Investors have been using their devalued property to lower the tax amount.

5. Total expense & Income from rent

After a period of giving your property on rent, there is usually a raise in the rent amount. Even in case you have taken a loan and paying EMIs for the same, eventually, this amount helps you pay it off quickly and create a good profit margin.

6. Real Estate Investment drawbacks

Not everything goes as planned; investing in real estate at times can be a bit tricky as well. We will now check some pointers which you can consider while investing in a property.

7. Initial profit hurdle

The initial phase of renting out a property might or might not give you the monthly profit to ease down the load. People who’ve invested by paying a hefty down payment will have to wait till the recovery is done from the rent amount.

8. Smaller leaps

Do not look at what others have achieved and do not expect that your profits will be on the higher side like other investors.

9. Tax effects

Always remember that the government is closely watching on every bit of profit that you make, you might end up paying for the extras that you’ve earned

10. Staggering income

Do not see your investment as an operating cloud kitchen where very less amount is needed to start your business. You might or might not see a substantial percentage hike on the investment made.

11. High business cost

Your plan to Invest in a business and sell it at a higher value in the future might shake a little. Irrespective of the increase in the actual property value, once you crack the deal you might see that there is no definite profit as the business cost would flatten most of your proceeds

Investing in real estate in India can be lucrative and the potential buyer has to study the market thoroughly before investing — just to be a little safe. Investors can make a small down payment and the rest they can pay at ease. Once a property is put on rent, investors can add this amount to the loan which will help them greatly. At a later stage, this property can be sold off for a higher value and reinvested in another one.

Originally published at http://realestateandepc.wordpress.com on September 28, 2022.

Unable to choose between 2 BHK & 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.

Category	Pros	Cons
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
3BHK	7. 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.