RERA makes the home buying easy
The experience of purchasing home in India has been very tedious and cumbersome for most of the buyers. Unlike the Stock market which has a regulator known as SEBI, Real Estate market has none. This led to open handed builders or promoters who exploited the buyers in many ways. RERA 2016, comes with a mission to safeguard the home buyers and bring transparency in this sector.
The Inception of RERA era
RERA which stands for Real Estate Regulation & Development Act came into full force on 1 May 2017 after a long wait. Real Estate market has largely been an unregulated sector. Due to the frauds and deceptions of the builders to the gullible buyers, this sector had become infamous.
The sentiments of the house-buyers were hurt. They had to bear huge losses of loan EMIs and rents without having full or no possession of the property. If they had any complaints they had to wait for 6-7 years for a court to provide them justice. With RERA in full force now, consumers can have their voices heard at the state tribunal with the speedy dispute redressal.
What has changed?
RERA is very systematic and well-organized combinations of laws and regulations which aim to make buyers the kings and promote the real estate sector.
RERA checks on the quality of construction in a project. If consumer complaints about poor quality or damage within 5 years of possession then the developer will be responsible to fix it within a month.
Buyers should ask for the Completion and Occupancy certificates from the developers. They are very important as they ensure that the apartment is under the living condition or not. They should not occupy the apartment before these certificates are handed over to them. However, they are required to take the physical possession of the apartment within a period of 2 months of allotment of Occupancy certificate.
Smart solutions in full system design.
From the word itself, it defines a structure which can adapt to the changing environmental conditions is called smart. The good quality of construction work can be achieved by using smart materials like good quality of concrete, glass, steel, piezoelectric crystal, magneto-rheological fluids etc.
Hence, Smart structures can take care of the structures and resist natural calamities.
MAIN FACTORS AFFECTING STRUCTURAL HEALTH:
1. DIFFERENTIAL SETTLEMENT
It occurs when a building's piers or foundation settles unequally. Differential settlement occurs when the soil present underneath the structure expands, contracts or shifts away. This may be due to flooding, poor drainage, broken water lines, vibrations from nearby construction or poorly compacted fill soil.
2. EARTHQUAKES AND VIBRATIONS
Earthquakes occur when in Earth's crust, masses of rock slip and slide against one another. This kind of movement is most common along a fault. When pieces of crustal rock slip and move suddenly, they release colossal amount of energy which then propagates through the crust as seismic waves. At Earth's surface, these waves cause the ground to shake and vibrate, sometimes with a great intensity.
3. STRUCTURAL DISTRESS
Office, school, hospital, and parking garage facilities present many forms of structural distress that property owners and managers are forced to confront. Whether it is roof collapse, fire damage, settlement issues, or concrete cracking and spalling, TEC Services, Inc. provides complete structural engineering support.
4. CORROSION OF REINFORCEMENT
When the steel reinforcement gets corroded, the corrosion product occupies more than three times the volume of the original steel. It starts exerting great disruptive tensile stress on the surrounding concrete leading to further cracking, corrosion and more weather access.
5. TEMPERATURE STRESSES
The temperature stresses are a combination of the stresses yielding as a result of change in the specific volume of steel which has undergone martensitic transformation during hardening and the thermal stresses caused by quenching.
ADVANTAGES OF SMART STRUCTURE:
Some of the advantages of Smart structure are-
1. It takes less time and expenses in inspections.
2. The response of the structure can be monitored remotely in real time.
3. Performance of the new advanced composite materials can be monitored.
APPLICATION OF SMART STRUCTURE:
Some of the applications of Smart structure are-
1. Space Antennas
3. Deformable Mirror
The concept of sustainability is quite a cognizant word. It’s often used to indicate the use of minimal exhaustible resources and promoting of “eco-friendly” materials products for the daily usage. “An investment becomes a proper investment when you invest without harming the nature’s output.”
With booming urbanization, economic growth, and rising consumption patterns in India and demand for better standards of living, a threat to natural resources has increased. Amidst this, certain households have looked in a different way. The model of “Eco-friendly House” is a low-impact, bio-friendly home, assembled from many facets from building materials to the use of renewable energy sources to design that strives for efficiency and harmony with the surrounding environment. A popular villain of all times, Prakash built his second home on the condition that it would be lit up by solar power, harness rainwater, and its interiors would be built entirely with eco-friendly materials. In recent years, Indians have taken a step forward to promote the sustainability by builiding their own natural eco houses. Of course, this was has been a great step towards architectural and cultural innovations.
Utilization Of Waste Plastic In Road
Plastic roads help in making the future of the roads in best possible manner. The maintenance and traffic problems are solved with the use of plastic in the roads. ICPE promoted the use of plastic in the roads which gives more strength and durability to the roads than the conventional roads.
Some of the advantages of plastics roads are-
Maintenance cost of the roads is almost zero.
It has a good binding property of bonds between the pores.
The problem of disposal of plastic is also solved
Cost of production is also less than the conventional roads
Plastics roads can bear high temperature and much more load than bitumen roads.
Plastic roads are the future of the civil engineering. The concept used in plastic roads is fabricated and modular in which roads are light weighted and modular which make the construction simple and better than the conventional roads. It has a hollow structure in which pipelines and cable can transits easily. The design of the roads is simply circular with the aim of using recycle plastic as much as possible. The lifetime of the plastic roads is three time than the conventional roads. Time of the construction is also decreased by approx 70%.
KWS is the popular company of construction roads in Netherland who increase the development of plastic roads. Wavin and Total together have a vast knowledge and experience to the development of the plastic roads. They both took much number of steps to promote the plastic as an ingredient for the roads.
Rainwater Harvesting for your home
A rainwater harvesting system comprises components of various stages - transporting rainwater through pipes or drains, filtration, and storage in tanks for reuse or recharge. The mission of Bhoojal Survey is to provide rainwater-harvesting services to help solve potable, non-potable, stormwater and energy challenges throughout the India.
Install a Rain Barrel A rain garden is a sunken landscape that uses native plants, local soil, and mulch to remove pollutants from water, and allows it to percolate into the ground. Make your own DIY Rain ChainRain chains are not only beautiful, simple to make requiring few tools and materials, but also a more attractive alternative to standard PVC (polyvinyl chloride) pipe downspouts Naturally recharge your wells and borewells Rooftop rainwater is led through pipes with a filter at the end to open dug wells for replenishing underground aquifers.
Based on this idea, the ‘Mazhapolima’ (bounty of rain) Recharge Project of Thrissur was born. As a result, today, not only is there abundant water in summer, there is also reduced salinity, turbidity, and colour in the well water. .Setting up a splash block is a great idea to divert the flowing rainwater away from the structure’s foundation. It is a piece of concrete or plastic of a roughly rectangular shape, and is placed below the downspout that carries rainwater from the roof of a house during rainfall. absorbs the force of the water that is getting diverted from the roof, and also prevents holes from being dug in the garden due to the eroding force of the pouring waterBuild a Rain Saucer If you are looking for a fast DIY way to collect rainwater without much hassle, rain saucers form a great free standing rain collection system which fill up surprisingly fast. Looking like an upside-down umbrella, the rain saucer unfolds to form a funnel which fills the containers with rainwater Reservoir for RainRainwater that falls on the rooftop, be it flat or slanting, can be made to run through a pipe to a storage facility like a sump or a tank. This water can be filtered to purify the larger particles before being stored in rainwater harvest (RWH) tanks. By using stored rainwater for washing cars and watering gardens, the use of underground water can be minimised. A win-win system for economy and environment, this also helps in saving energy and keeps the energy bill to a minimum.
Oh! You want to be a builder in New Delhi
“Construction is an important front for solidifying the foundations of a thriving country and creating bases for the people’s happy life.” -Kim Jong Un
Whether it’s about constructing a new property or reconstructing an existing one, Delhi witness’s continuous development work. So, if you aspire to be a builder in this capital, the rules and regulations regarding construction are as follows-
Need of Development permission
No person can carry out any construction project on any plot or land without obtaining an approval from the Authority/concerned local body for the layout plan.
As per the law, it is illegal to construct, construct or make addition/alterations in any building without obtaining a separate building permit from the Authority.
The sanction comes with a validity of 5 years from the date of issue. In case of revalidation, the process needs to be done before the five-year period expires. However, revalidation is subjected to the Master Plan for Delhi/Zonal Plan Regulations and Building Bye-laws.
An on-site obligation of builders
The owner has to give a copy of the sanctioned plan at the site. This has to be done during the construction of the building. When the plinth is constructed, the owner through his architect should inform the sanctioning authority to ensure that work conforms to the sanctioned construction plans and building bye-laws.
Think about your project thoroughly
Before you start any work, think about all the wider construction implications. For example, how an addition will affect the structural integrity of a building or how drainage will affect a site on the project. This can save huge amounts of time and money in the long run.
Sadly, according to a recent PIL, 90 percent of the buildings in Delhi are still ignoring safety norms. It suggested that there are over 1,700 establishments in New Delhi that have illegal construction. The petitioner, Arpit Bhargava stated that owners have not paid attention to the NCT of Delhi Laws (Special Provisions) Second Act, 2011 and the National Building Code, 2005 and other related laws, which has led to such constructions all over New Delhi.
Effect of GST on Real Estate
What is GST?
GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017; Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition.
In simple words, Goods and Service Tax (GST) is an indirect tax levied on the supply of goods and services. This law has replaced many indirect tax laws that previously existed in India. GST is one indirect tax for the entire country.
Impact on real estate buyers & investors
Under the earlier law, buyers were liable to pay taxes depending on the construction status of the property, i.e., whether the property was under construction or complete. When purchasing a property under construction, a buyer was subjected to the payment of VAT, service tax, stamp duty, and registration charges.
The biggest takeaway is that GST is a simple tax that applies to the overall purchase price. All properties under construction will be charged at 12 percent of the property value. This excludes stamp duty and registration charges.
Impact on developers
Previously, developers were liable to pay customs duty, central excise duty, VAT, entry taxes, etc. on construction material costs. They also had to pay a 15 percent tax on services like labour, architect fees, approval charges, legal charges, etc.
Under the new regime, however, the changes in construction costs are not as difficult. For instance, cement will now be taxed at the rate of 28 percent under GST. This is higher than the current average tax rate of approximately 23-24 percent, but a lot of additional taxes charged over the average rate will now be subsumed under GST. Iron rods and pillars used in the construction of buildings are now charged at the rate of 18 percent, which is less than the previous average rate of 19.5 percent.