Undivided Share (UDS) in Real Estate: What is it and why is it important?

It is no secret that trying to purchase an apartment means jumping through a whole lot of hoops. There are various hidden charges, a lot of legal jargon, and many specific terms which need to be understood. One of these is Undivided Share of Land or UDS. 

What is UDS?

Undivided Share of Land (or UDS) is the land that is allotted within the residential development when one purchases an apartment. This share of land has no defined boundaries and is associated with every flat that makes up the apartment complex. 

Often, while purchasing a home, especially an apartment, buyers tend to refer to the built-up area to analyse the cost of the home. However, the UDS is the most crucial factor in determining the true worth of the home. 

Over time, the value of the building itself depreciates but the value of the land the building is built on (i.e. the UDS) appreciates. Therefore, if the building is demolished or acquired by the government, the compensation to be given to the flat owner is calculated based on the UDS of the flat and not just its built-up area. Additional features such as owning a parking spot can add to the UDS of your apartment, thus increasing its value. 

How is UDS calculated?

UDS is a ratio between the amount of space occupied by one flat to the total number of flats in the development. To calculate UDS, one must divide the area of one flat (in sq. ft.) by the total area occupied by all the flats in the building (in sq. ft.) and multiply that by the total land area of the development. 

Why is UDS important?

Ideally, the UDS should match or be 1.5 times that of the built-up area of your flat. However, there is no authority in place to enforce such regulations. Thus, it is important that you ensure that this is followed since remuneration in case of redevelopment depends on the UDS of the flat. The UDS of every flat is usually mentioned in the Agreement for Sale. In case it is missing, the buyer can question the builder about the same. 

Knowing the UDS of the flat is essential while purchasing an apartment. To this end, one must ensure that the builder and developer of the flat is trustworthy and transparent. Shapoorji Pallonji Group’s brand – Joyville Homes – is committed to ensuring complete transparency and quality construction to residents. Joyville Homes provides well-designed, affordable housing all over the country. 

Visit https://www.joyvillehomes.com/ to learn more about these projects and their specifications.

Originally published at http://realestateandepc.wordpress.com on October 11, 2023.

Top 10 Civil Engineering Companies in India

 

Civil Engineering is an engineering discipline that deals with constructing and maintaining the infrastructure of a region such as roads, bridges, canals, airports, rail and metro lines, dams, sewage systems, etc. It is essential to provide a population with the tools and infrastructure they need for efficient day-to-day functioning.

Civil engineering has played an important role in turning India into the economic powerhouse it is today.

Here is a list of the top civil engineering companies which have contributed to the development of the country with their projects.

1.SP Infrastructure (Shapoorji Pallonji Group)

Shapoorji Pallonji Infrastructure (SP Infra) is part of the Shapoorji Pallonji Group and has delivered high-impact infrastructure projects worldwide for 157 years.

The company was founded in 1865, with the Malabar Hill Reservoir being one of its first projects. Since then, SP Infra has maintained a legacy of high-quality, sustainable construction projects with timely delivery, while also adding value to local communities.

2. Afcons Infrastructure Ltd. (Shapoorji Pallonji Group)

Afcons Infrastructure Ltd. is another infrastructure powerhouse under the Shapoorji Pallonji Group with a history of completing extremely challenging and complex infrastructure projects. It is currently valued at around $1.25 billion.

With a $350 million equipment fleet, Afcons Infrastructure is one of the fastest-growing civil engineering companies in India (in the large category).

3. Punj Lloyd

Punj Lloyd was started in 1982 by Atul Punj as a pipeline company. Today, it has more than 50 subsidiaries and contracts in over 60 countries.

Some of the company’s notable projects include the Vijayawada Road in Hyderabad, Sikkim’s Greenfield Airport, the Bengaluru Metro, and the Changi Airport Terminal 2 Extension.

4. Consolidated Construction Consortium Ltd.

The Consolidated Construction Consortium was founded in 1997 in Chennai. Today, the company has a total revenue of $1.99 billion. With more than 900 projects under its belt, the company is one of the leading civil engineering companies in the country.

The first LEED Platinum-certified Green Building in India at Hyderabad, the Morning Star Church in Velankanni, Tamil Nadu, and Asia’s second largest dome — Gachibowli in Hyderabad are some of its most notable projects.

5. BGR Energy Systems Ltd.

BGR Energy Systems was established in 1985 as a joint venture between GEA Energietechnik GmbH, Germany, and Mr. B. G. Raghupathy. It is one of the rapidly growing names in the electricity industry in India.

BGR provides turnkey thermal and gas plant solutions, supplies supercritical steam generators, works on hydroelectric power projects, and manufactures and supplies pipeline equipment.

6. Bridge & Roof Co. (India) Ltd.

Bridge & Roof Co. has been part of the construction industry for more than 100 years. During this period, they have worked with almost all of the major project implementation authorities in both the private and public sectors.

Bride & Roof is a total solutions conglomerate with services in design and engineering, project management consultancy, infrastructure development, EPC solutions, and IT instrumentation and automation, among others.

7. L&T Engineering and Construction Division (L&T ECC)

Larsen & Toubro (widely known as L&T) was founded in 1938 by Henning Holck-Larsen and Soren Kristian Toubro, two Danish engineers, in Bombay (now Mumbai). Since then, it has grown into a multinational corporation, with services in technology, engineering, construction, manufacturing and banking.

The Riyadh Metro, Mumbai Airport’s Terminal 2, and the Statue of Unity in Gujarat are just a few of the most notable projects undertaken by the company.

8. Tata Projects Ltd.

Part of the Tata Group, Tata Projects Ltd. is one of India’s most recognisable infrastructure corporations. The company provides end-to-end services in sectors such as industrial infrastructure, urban infrastructure, and utility services.

Some of the company’s notable projects include the Prayagraj Airport Terminal Building, an Integrated Cryogenic Engine Testing Facility for the Indian Space Research Organisation (ISRO), and nine metro projects, including ones in Mumbai and Delhi.

9. Hindustan Construction Company (HCC)

Established by the industrialist Seth Walchand Hirachand, the Hindustan Construction Company (HCC) has been building innovative and complex infrastructure projects since 1926.

HCC is responsible for constructing more than 4036 lane-km of roads across the entire country. Some of these include the NH-3 in Maharashtra, the Mughal Road in Jammu and Kashmir, and the Chennai Bypass in Tamil Nadu.

10. Jaypee Group (Jaiprakash Associates Ltd.)

Founded in Noida in 1979, the Jaypee Group is a major player in the construction of hydroelectric power plants. The Sardar Sarovar Dam, Tehri Dam, and Indira Sagar Dam are some of the main projects undertaken by the company.

The companies under the Shapoorji Pallonji Group are heavily involved in the construction, civil engineering, power generation, water treatment, and real estate industries. To learn more about the group and its companies, visit https://www.shapoorjipallonji.com/

Originally published at http://realestateandepc.wordpress.com on September 22, 2023.

Top 10 Wastewater Treatment Companies in India

 

Wastewater, often also called sewage, is the polluted water that is formed as a result of human activities or rainwater runoff. Historically, such water was released into naturally occurring water bodies without much treatment. However, with increasing population and industrialisation, the pollution caused by human activities has increased. Thus, it has now become necessary to treat wastewater before it is released into the environment to avoid diseases and harm to humans as well as other organisms.

The process of wastewater treatment involves removing all the physical and chemical pollutants in the water to make it safe to use. This process protects the environment and reduces the strain that continuous human use creates on waterbodies.

The following are the leading companies providing wastewater treatment services to protect the environment and ecology of India.

1. Shapoorji Pallonji Group

The Shapoorji Pallonji Group has provided water and wastewater treatment facilities since its inception 157 years ago. The Malabar Hill Reservoir, completed in 1887 is one of the company’s first projects.

Today, the SP Group has installed more than 50 industrial treatment plants and has treated more than 145 billion litres of water in total. It is also the 1st to construct a green water purification plant in India which harnesses solar energy. Shapoorji Pallonji Group is a pioneer in wastewater treatment services in India.

2. VA Tech WABAG

VA Tech WABAG is a 99-year-old company which was initially founded in Vienna, Austria. The company’s Indian headquarters is in Chennai. With a presence across four continents, WABAG offers services in sludge treatment, seawater desalination, and industrial water treatment. The company has research centres in India, Austria and Switzerland.

3. Thermax India

Thermax India was founded in 1980 and is headquartered in Pune. The company services both industries and municipal corporations. Along with its wastewater treatment services, Thermax also offers water treatment to remove specific chemicals. The company also provides air pollution control systems.

4. Siemens India — Water Technologies

Siemens is a German company which entered the Indian market in 1969. The company’s Indian headquarters is located in Mumbai, Maharashtra. It has both industrial and municipal wastewater treatment contracts. They also provide services in water treatment and drinking water treatment.

5. Voltas Ltd.

Voltas Ltd. is a subsidiary of Tata Enterprises and provides services in industrial and wastewater treatment. The company focuses on effluent and sewage treatment plants. Voltas Ltd. has over four decades of experience in using advanced technologies such as Sequence Batch Reactors and Moving Bed Biofilm Reactors to treat wastewater.

6. UEM India Pvt. Ltd.

UEM India Pvt. Ltd. operates from Noida, Uttar Pradesh. A subsidiary of Toshiba Water Solutions, UEM India designs, constructs and installs facilities for domestic wastewater treatment. The company has a robust presence across 30 countries.

7. Hindustan Dorr-Oliver Ltd.

Hindustan Dorr-Oliver Ltd. has seven decades of experience in providing wastewater management services to various Indian organisations in both the private and public sectors. They use techniques such as Membrane Bio-Reactors, Reverse Osmosis and Volatile Organic Carbon Treatment to purify wastewater.

8. SFC Environmental Technologies Pvt. Ltd.

SFC Environmental Technologies Pvt. Ltd. specialises in municipal sewage and solid waste treatment solutions. With 500 biological nutrient removal plants, the company is capable of generating 10,000 MLD of recycled water daily. SFC also has India’s first fully automated wastewater treatment plant.

9. Ion Exchange India

Ion Exchange is a UK-based company with its Indian headquarters in Mumbai, Maharashtra. It offers services in domestic, industrial and institutional wastewater treatment. The company boasts a global presence, with operations in Asia, Africa, Europe and North America.

10. GE Water

General Electric Water and Wastewater Treatment (GE Water) is a USA-based company providing water treatment solutions across the globe. The company’s Indian headquarters is in Bengaluru, Karnataka. The company has nearly a century of experience in the water and wastewater treatment space.

Shapoorji Pallonji Group is a pioneer of wastewater treatment technology in India. To know more about the services offered, visit https://www.shapoorjipallonji.com/business/Water

Originally published at http://realestateandepc.wordpress.com on September 22, 2023.

What is a Corpus Fund in Real Estate?

 

First-time home buyers often come across a whole dictionary of legal terms in their effort to find their dream home. One such confusing and frustrating term is ‘Corpus Fund’. Most of the time, this is an extra payment to be made while buying a house, that is, it is excluded from the actual price of the home.

Therefore, it is important to understand what it exactly means, why it is charged and how it is calculated. 

What is a Corpus Fund?

A Corpus Fund is a dedicated pool of money collected from homeowners and set aside for a specific purpose. It is created to ensure long-term financial stability, growth and maintenance of a real estate project. 

Why is it collected?

A Corpus Fund is collected by the developer to maintain the amenities and facilities of a project until a Housing Society is formed. In some ways, it acts as a pre-paid maintenance charge. 

At the time of buying of property, the developer collects a lump-sum amount from the buyer and adds it to the fund. While the project is being developed, this fund is used to maintain all the infrastructure and amenities that have already been constructed so that they remain in the best condition at the time of handing over the apartments. 

Usually, the fund itself is not touched. The amount in the fund is invested into other securities and the interest and dividend accrued from these investments is used for maintenance projects. 

Once construction is completed and a Housing Society is formed, the fund is handed over to the society management. It turns into a Sinking Fund to take care of major repairs, reconstruction, etc. 

What is it used for?

The interests and dividends generated by the Corpus Fund are used to pay for facility management and supervision expenses such as electricity in common areas, cleaning common areas, servicing amenities, etc. 

The fund can not be used for anything other than the aforementioned expenses. It can not be accessed by a third party for personal use. 

How can it be calculated?

The Corpus Fund is usually calculated based on the square footage of the apartment. In some cases, it can exceed Rs.1 lakh. 

A Corpus Fund is set up to ensure that at the time of possession, the homeowner receives amenities and services of the best possible quality. It is an important step to ensure transparency and maintain high standards. 

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Shapoorji Pallonji Real Estate has a 157-year legacy of delivering homes that are high-quality and built to match the highest standards. Our projects can be found in Mumbai, Pune, Bengaluru, Kolkata, and Thane many others. Shapoorji Pallonji Group’s commitment to quality and efficiency is the foundation for our global presence. 

To know more about our projects and our other works, visit https://shapoorjirealestate.com/

Originally Published at - https://realestateandepc.wordpress.com/2023/09/15/what-is-a-corpus-fund-in-real-estate/

Is Santragachi a Good Place to Live? Exploring the Santragachi Area

 

Located along the western part of Kolkata, Santragachi is a residential complex in the Howrah district of West Bengal. The region slowly gained prominence over the 20th century, going from a relatively small village to a suburb of Kolkata.

In proximity to the areas of Ramrajtala, Mourigram, Old Jagacha and Bankra, Santragachi is soon becoming a desirable neighbourhood in Kolkata. Here are all the reasons why you should consider investing in Santragachi as your new home:

Connectivity

The Kona Expressway runs through Santragachi and connects it to other parts of Kolkata. The Santragachi Junction Railway Station connects the region to other parts of the state and the country.

The Esplanade Metro Station is only 12 km from Santragachi, providing an easy way to commute within Kolkata. The Netaji Subhash Chandra Bose International Airport is 29 km away and connects the area to the rest of the world.

Social and Retail Infrastructure

Santragachi also has a robust social infrastructure to enrich the lives of its citizens. The ILDS Centre School and Augustine Public School provide the children of the area with a sound, holistic education.

The South Howrah State General Hospital and the Howrah Lions Hospital are some of the many medical institutions which ensure the health and safety of the residents of Santragachi. Vishal Mall and Avani Riverside Mall are only 8 km from Santragachi and are the preferred retail and entertainment venues for the residents of the area.

Employment Opportunities

Santragachi is a centre for manufacturing in Kolkata, with SS Industries and Bharat Industries employing many of Santragachi’s residents. The area is also home to a private wagon-making unit owned by the Railway Department.

Kasba Industrial Estate, 21 km from Santragachi, is one of the most well-known industrial complexes in Kolkata. One of the city’s largest employment hubs, Salt Lake City, home to multi-national companies such as Wipro, Tata Consultancy Services and Accenture, is located only 22 km from Santragachi.

Residential Prospects

Due to its connectivity and abundance of amenities and opportunities, Santragachi is quickly becoming a preferred destination for homeowners and investors. A number of apartment complexes are being constructed to meet the needs of the growing population.

Joyville Western Heights is a project backed by Shapoorji Pallonji Real Estate offering 2 and 3 BHK flats near Santragachi starting at Rs.41.99 lakh. Covering 30 acres of a gated community with over 75% open space and more than 25 amenities, Joyville Western Heights is the ideal residence for you and your family.

To know more about all the features that Joyville Western Heights has to offer, visit https://www.joyvillehomes.com/joyville-howrah/

Originally published at http://realestateandepc.wordpress.com on September 12, 2023.

Three Reasons Why Waste Water Treatment is Important

 

Waste Water Treatment is the process of removing any pollutants and contaminants from wastewater (also called sewage) and returning it to the environment. It involves removing all physical, chemical, and organic pollutants that contaminate the water. 

What happens if wastewater is left untreated?

If wastewater is dumped in natural water bodies untreated, the excess nitrogen, phosphates, and rotting organic matter in the sewage can cause abnormal plant growth. These plants then secrete toxins that deplete the oxygen in the water, leading to ‘dead zones’ – areas where no aquatic life can exist. Thus, untreated wastewater can make water bodies uninhabitable. 

The reasons why wastewater treatment is so essential to conserve our environment include:

The natural wastewater treatment process is overburdened 

Nature has its own ways of treating wastewater that end up in water bodies. However, with a population boom in the last two centuries and the rapid industrialisation of human society, we now produce more wastewater than nature can handle. This has caused significant strain on the aquatic ecosystems. This strain has made it necessary for humans to actively aid the natural process of wastewater treatment. 

Wastewater treatment facilities are designed to mimic these natural processes and thus reduce the harm caused to the environment. 

Protecting human life

Untreated wastewater released into rivers, lakes and streams also contaminates the drinking water supply for many people. The toxins can cause many deadly diseases in human beings. 

According to Cole-Palmer, unclean water causes 1.7 million deaths annually. 90% of these deaths take place in developing countries. It can also cause diseases such as Typhoid Fever, Gastroenteritis, E-Coli Diarrhoea, Encephalitis, Hepatitis A, and Cholera among others. 

Wastewater treatment can save human lives and improve the quality of life for people, especially in developing countries. 

Protecting natural ecosystems

As mentioned earlier, untreated wastewater can significantly alter underwater ecosystems. This can lead to a ripple effect in the food chain. Pollutants in natural water sources can contaminate aquatic plants and the fish that eat them. The polluted fish can in turn cause harm to the humans and animals that eat them. 

Wastewater can end up contaminating entire ecosystems if left untreated. Thus, wastewater treatment facilities not only save human and aquatic life but also end up preserving the environment. 

How is wastewater treated?

The process of wastewater treatment involves three stages – primary, secondary and advanced. The primary stage involves the screening and settlement of large particles. 

In the secondary stage, bacteria are introduced to break down the organic matter polluting the wastewater. Then, it is usually treated with chlorine to remove any remaining bacteria. 

The advanced stage is specific to the particular regions where the plants are based. It involves removing any particular pollutant, like nitrogen or phosphorus, which is of concern to that particular region. The purified water is then allowed to flow into local water bodies. 

As a developing country, India is no stranger to the damage that untreated wastewater can cause. Shapoorji Pallonji Group has been helping Indians overcome these perils for decades. With more than 145 billion litres of wastewater treated across India, Shapoorji Pallonji Group has helped improve the lives of Indians. 

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Shapoorji Pallonji Group has installed more than 50 industrial wastewater treatment plants. To know more about these projects, visit https://www.shapoorjipallonji.com/business/Water

Originally Published at - https://realestateandepc.wordpress.com/2023/08/21/three-reasons-why-waste-water-treatment-is-important/