Architects Rethink Design And Space As The Pandemic Throws Up New Challenges

Architects Rethink Design And Space As The Pandemic Throws Up New Challenges

Disruption is the natural order of things when a calamity like the COVID-19 strikes. There has been a significant impact on every sector and industry including real estate. From hotels to residential spaces, luxury real estate to commercial architects are rethinking the designs and spaces all because of the distancing aspect of the pandemic. Here’s what you can expect to start seeing soon: 1. Home design It won’t be surprising if the homes of the future have a special disinfection station. A space where you can put down your groceries, courier and packages somewhat like a self-contained foyer. The material…

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Impact Of COVID-19 On The Real Estate Sector

Impact Of COVID-19 On The Real Estate Sector

Just like all other segments of the economy, the real estate market too is reeling under the impact of COVID-19 pandemic. But there is a silver lining despite all the fear mongering and panic. The pandemic is likely to show many opportunities for buyers and sellers alike. The luxury housing sector may see a reduction in prices while developers may also offer attractive freebies and discounts to those investing in the mid segment. Some of these may include deferred payment plans or even a free Corona insurance in the wake of this new normal. Affordable housing may also see a…

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Tips For Disinfecting And Protecting Your Home During COVID-19

Tips For Disinfecting And Protecting Your Home During COVID-19

If COVID-19 is a war then Stay Safe, Stay Home is the battle-cry that is rung out globally as we shelter-in-place at our home amidst an extended lockdown. Your home is your safe haven and as families are struggling to make the most of this stay-at-home situation, it is equally important to keep your abode hygienic, safe and protect it from the virus.  This has led to much confusion and dilemma about the best measures to safeguard residential spaces. How should we disinfect milk bags and groceries? What about fruits and vegetables? Here’s a compilation that we at ESSPEE GROUP…

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Is Indian Real Estate Prepared For Climate Change?

Is Indian Real Estate Prepared For Climate Change?

Climate change is no longer a butt of meme jokes anymore. The impact may not affect a large number of people at the present moment, but the signs have already arrived since many years: Inordinate rainfall, temperature variations, water problems etc. It is just that our limited attention spans have not registered this environmental anomaly which will stare us at our face in the coming decades. So the question is: Is Indian Real Estate prepared for climate change? The short answer? No. The lengthy answer requires a brief sketch of the core of the topic: Has the Govt created any…

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How Is Property Tax Calculated In India?

How Is Property Tax Calculated In India?

Property Tax (also known as House Tax) is a tax levied by the local municipal authorities anywhere in India. Usually, this meant for upkeep of public amenities such as roads, sewerage systems, parks, and other infrastructure facilities like lighting etc., as well as for maintenance of the existing infrastructure. Owners of the property over whom tax is levied have to pay, either annually or semi-annually. Property tax rates differ across states, cities and even within zones of the same city. Property Tax is a major source of revenue in urban local bodies in almost every part of the world. For example, Mumbai collects…

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Strategies To Beat Real Estate Slowdown

Strategies to Beat Real Estate Slowdown

The real estate slowdown is underway, blowing away many small and medium scale players like a bowling ball rolling over nine pins. The situation, seemingly, appears grim. With unsold inventory pilling up and even with massive money pumped in advertising, nothing seems to work. Yet, a silver lining can always be found in examples we shall describe here, but before we do, it is important to understand that changes in consumer preferences, macro-economic realities and market liquidity means small and medium scale businesses of today have to come up with solutions which are grounded in reality. The top nine real…

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How Office Real Estate Is Defying Economic Slowdown

How Office Real Estate is Defying Economic Slowdown

With the Indian economy clocking at around 4% GDP growth and the recent downgrading of India’s ranking by IMF, investor confidence appears to be at an all time low in the present moment. Consequently, it implies that the real estate may also show such signs. However observers were startled to find that this economic sector is defying all odds, especially commercial real estate. What they found was that a large number of companies, including SMEs, are pre-leasing commercial property to future-proof their financial portfolios and to hedge against future rental escalations. Different surveys point to this growth in various reports.…

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Things To Consider While Choosing A Real Estate Company In Vadodara

Things To Consider While Choosing A Real Estate Company In Vadodara

Vadodara is known as a cultural hub and a growing educational center, attracting a lot of migrants. It has now become an ideal city to settle in! Its commercial and residential sector has attracted a lot of investors and is expanding on a large scale. With so much competition increasing in the real estate industry of Vadodara, it is important to know which real estate industry is the best and delivers good results. Here is a comprehensive guide of some of the things or factors you should consider when choosing or hiring the services of a real estate firm. Select…

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Gujarat Government Hikes FSI To Boost Realty Sector

Gujarat Government Hikes FSI To Boost Realty Sector

After the recent step to bail out stalled housing projects by Central Government, Gujarat Government also undertook a few measures for boosting the state’s real estate sector. One of the prominent measures taken by the state government was raising the Floor Space Index (FSI). Besides FSI it has also granted special approval for building ‘Iconic buildings’ in four cities. i.e. Ahmedabad, Surat, Vadodara and Rajkot. Floor Space Index is the maximum area that can be constructed on a plot of land. It is calculated by dividing the total covered built-up area on all floors of a building by the area…

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Tips For Real Estate Developers To Overcome The Liquidity Crisis

Tips For Real Estate Developers To Overcome The Liquidity Crisis

A shocking default by the IL&FS (Infrastructure Leasing and Financial Services) Group triggered a liquidity crisis in the economy. This led many lenders to turn selective when it came to investing their funds in real estate. Since then the real estate developers have been struggling to raise their funds. Non-bank lenders that were a constant source of financing have been the worst hit and which made refinancing even more difficult. The stricter housing laws coupled with the economic slowdown has forced the developers staring at huge inventory pile-up. However, developers can surely plan alternative ways to complete their unfinished products.…

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