Chennai – There is something for everyone here

People of different races and religions, Chennai is considered as the melting pot of many cultures and can be found in temples, churches and mosques that symbolize the rich heritage of Chennai. Colonial-era architecture can be seen in the Port area and elsewhere in Chennai, such as St. Mary’s Church in Fort St. George or Pachaiyappa Hall on the grounds of the Athenaeum Temple of Theseus. Mahabalipuram – The neighboring Chennai town has ancient temples and stone carvings belonging to the 7th century Pallava kingdom.

Where is it today

Chennai is a growing tourist destination for foreign tourists and is one of the most visited cities in India. In fact, Lonely Graham has listed Chennai as one of the top 10 cities to travel for the year 2015.

The respect for the city is fully justified as it develops in terms of infrastructure and governance. Today the city is taking a bold and big step towards urbanization and it is truly heartening to see that the skyline meets the old with the new and there is a perfect balance of modernization and history.

Chennai- Preferred city

Recently ranked 9th in the list of Best Cosmopolitan Cities in the World, Chennai’s prospects are jumping a few notches. Government officials are pulling out all the stops to make Growth Story bigger and better than ever. The introduction of progressive services such as the Monorail Project, additional incentives to promote industrial growth, and a large incentive to infrastructure through strategic preservation of flyovers in strategic areas.

The city is recognized for its priceless value and has been in the news lately because of the overall excellence in the living standards of its citizens. Based on the “Location Ranking Survey” conducted by ECA International, Chennai is rated as having the highest standard of living in other cities in India. It is ahead of the other three metros and Bangalore. What’s more, in the Worldwide Quality Survey conducted by Mercer in 2007, Chennai was rated the second highest in India (New Delhi has the highest score).

Keeping up with the praise

Home to all major educational, literary and financial centers, Chennai is a major commercial and industrial center. To expand the automobile industry, the city has long had the distinction of being referred to as The Detroit of Asia. IT / ITES Parks is home to some of the world’s leading multinationals.

What’s more, the most populous city in Chennai, after Mumbai and Delhi. With the onslaught of large numbers of people around the world, Chennai is back with another accolade – Chennai’s 41st ranking in the World’s Top 100 City Destinations of 2011. Nearly 3,174,500 tourists visit the cultural and heritage sites of Chennai and the nearby towns contribute over Rs 20,000 crore to the state’s economy. By comparison, domestic tourism brought in about Rs 5,500 crore.

The city has a sound, sophisticated health care system and medical tourists from all over the world come to Chennai for their treatments. In fact, medical tourism continues to be highly charged as this type of tourism outweighs everything.

There are many variations in Chennai and it is a matter of pride that the city is ranked No. 2 in the country (National Geographic is the only city across India to be listed). Furthermore, the city features “52 places to go worldwide” written by the New York Times. In its 2014 Annual Indian City Survey, India Today ranked Chennai as the best city in India.

Safety

A safe and secure environment characteristic inspires many to go to a gated community apartment. It provides human security and cannot be entered into the apartment without the proper permission of ordinary people. In addition, they offer electronic securities, for example, CCTV camera surveillance, electric fencing and intercom facilities.

Solicitors Cannot Enter

Day by day, the troubles caused by lawyers are escalating. The criminals disguise themselves and enter the house as sellers. Because the gated community is private, lawyers have a hard time getting access. The security element is one of the main reasons people choose to live in the gated community.

Celebrations and Social Gathering

A gated community has weekend social gatherings, festive celebrations and more. These meetings invite gated community families to participate in socialization, thereby strengthening unity among themselves. In addition, children will also gain knowledge about the importance of ceremonies and social gatherings.

Joyful Time for Kids

Another of the pleasant benefits of living in a gated apartment is the child-friendly atmosphere. Gated communities host a variety of activities specifically for children to showcase their talents in various fields. In the evenings, instead of sitting idle and watching mobile phones and TV, children can use the playground and spend time cycling, watering the yards, hiding and searching.

Maintenance

Nowadays, it is very difficult for people to do all the maintenance work. In gated communities, there is no need to worry about this. The management team of the gated community takes care of all plumbing work, HVAC, equipment repair, safety, cleaning, groundskeeping, pest control and so on. The management team also considers any valid suggestions made by residents.

Well-Integrated Facilities

To enjoy a comfortable lifestyle, the gated community offers mini theaters, well-built auditoriums, swimming pools, gyms and more. Also, some gated communities have waste management systems, rainwater harvesting systems and water recycling systems.

Greenery Landscapes

Gated community apartments are actually surrounded by large trees and plants. Residents can enjoy walking, jogging and leisure. In addition, the community provides all the comforts of growing plants and shrubs, as the environment gives a pleasant appearance.

Apartment is the place where most people spend water according to their wishes and desires. Some spend it on necessity and some spend it luxuriously. Spending adequate amounts of water is admirable, but when consumption is beyond our need, it becomes problematic.

Many large metropolitan cities like Chennai and Bangalore are already facing water shortage problems. If we start taking steps to save water, it will help current and future generations.

In this blog, we are going to give you some amazing tips to help you save water while spending less on your water bill. Save on rainwater

About 5000 liters of water can be saved by fixing large barrels to catch rainwater during the rainy season. Your plants will also be happy that you gave them rainwater instead of purified tap water. If you want to learn more about rainwater harvesting, you can check out our blog.

Additionally, instead of using automatic sprinklers, manual methods such as hand-watering plants can reduce water use by 33%.

Wash Your Car Using Less Water

By washing cars at home, you can save 100-300 liters of water. First, you need to use soapy water paint, and then use a clean cloth to remove excess water. This way, you only take 20 liters of water to wash your car. You can also use waterproof car wash products to avoid the cost of water completely.

Fix Leakages

Approximately 10,000 liters of water is lost every year without addressing water leakages. So, if there are leaky sinks or running toilets, contact the maintenance department in your apartment immediately for assistance .

Save Water During Each Shower

If you want a satisfying shower without using too much water, installing a low-flow shower head is the best option. Installing showerheads with minimal water flow saves 189 litres of water. You can use it in your bathroom and kitchen sink of your apartment.

Double-Dip Dishes

To conserve water while cleaning the ducts, rinse with soapy water to heat one sink and another sink with cold & clear water. If you have a single model sink, you can use two bowls, one for washing and the other for rinsing.

Dual Flush

Flushing toilet accounts for about one-fifth of water usage. If you have a single-flush model in your toilet, consider turning it into a dual flush. You can use a small button and a large one to dispose of solid waste to flush liquid waste. To reduce water usage, you can also install a water displacement device in the old lavatory tanks.

Alcove Studio
Alcove Studio Apartments is similar to a niche studio apartments. This niche is like a compartment, which has enough space to set up a single or double bed.

Convertible
Convertible apartments, also known as comfortable apartments, have a large area with 2 bedrooms. You can raise the wall to get an extra bedroom.

Loft
Loft apartments usually have an expanded space, like the auditorium, with no walls in between to separate each room. Some features of loft apartments include high ceilings, ventilator facilities, wood or concrete flooring.

Duplex / Triple
Duplex / Triplex apartments have two / three storeys. A private staircase was built to reach the second and third floor.

Garden apartment
The garden apartments are on the ground floor. These apartments are surrounded by yards, shrubs and plants.

Railroad Apartment
Railroad apartments have long & narrow rooms with no hallways. There will be five or six floors.

Multi-storey
Multistory Apartments are housing units in a building that is over five floors. It has elevator facilities, improved security and more. There is a large space available inside the complex.

Row houses
Rowhouse apartments consist of several houses with regular sidewalks. Facilities like water, electricity, parking and garden do not need to be shared with your neighbors.

Villa
Villa apartments are especially for those who prefer a luxurious lifestyle. This includes a pool, garden and lawn.

Gated communities
As the name suggests, gated community apartments are a collection of homes that provide a high level of security to its residents. Unlike members of these homes, outsiders cannot easily enter these apartments.

Condominium Apartments

Condominium Apartments is a multi-housing unit building, where each unit is owned by an individual. You will not have to worry about maintenance work as all apartment maintenance tasks will be overseen by the maintenance team. This is one of the main benefits of a condo apartment.

Serviced Apartment
Serviced apartments are exclusively for people who are accommodating for both short-term and long-term stay. They are fully-furnished apartments with a washing machine, dresser, and much more.

Maisonette
Maisonet Apartments are also known as small houses because it offers privacy, open space and free living space. They have stairs built inside the apartment. Highly recommended for joint families with many members.

There are some good and beneficial features for those who want to buy their own home / flat on a yearly budget.
Of course, this is the ideal time to buy a house.

1st Subsidy – Income Tax The annual income limit is Rs. 5 lakhs. This is again a characteristic of redemption, especially for the middle class and middle-income group.

There is a concession for non-sale of houses / flats after the construction is completed within 1 year. However, if the house / flat is not sold for 1 year, it is treated as a rent and the income tax is calculated accordingly. Now, it’s been deleted.

In the latest budget, there is no income tax if the house / flat is not sold for 2 years. This is great for builders. This feature is also beneficial to the buyer.

Until now, for those who had 2 houses, it was assumed that the 2nd house was rented. Even if the taxpayer’s parents live in that 2nd pipe / flat, it is liable to income tax. Now, in this year’s budget, it’s relaxed.

Those who are using their 2nd home for personal use do not have to pay income tax.

Also, if you have a home loan on the 2nd house, you can also get some income tax deduction.

The second concessional feature is that the TDS (tax deduction for income tax calculations) in this interim budget is Rs. 1,8 lakh to Rs. 2.4 lakhs. So, the financial sector of the society that relies on home rentals can benefit from this.

Maintenance charge calculation

There is no special law governing the amount to be charged in the name of management. However, the charges range between Rs 2 to Rs 25 per square foot. In the state of Maharashtra alone, Mofa (Maharashtra Ownership Flats Act) has defined rules for calculating the maintenance charge. According to the MOFA, costs can be calculated by two methods, namely flat-wise and region-wise.

In a flat-wise calculation, all charges required for maintenance are split equally among all owners, regardless of the size of your apartment. In contrast, area-wise, the cost is charged based on the area of ​​each square foot owned by the member. However, regular expenses are shared among the owners at a fixed rate.

Although the terms of practice generally do not apply to the MOFA regulations, undesirable charges do not exert pressure on the occupiers.

What are the costs of sharing?

Typically, homeowners pay 0.75 percent of the apartment’s construction cost, which is calculated annually for the repair and maintenance of the building. In addition, many common costs have been added to the charge, which includes service charges for shared equipment such as housekeeping, security and motoring. Additional fees will be added for lift repairs, common parks, swimming pool, parking area and other additional amenities. Furthermore, there is a fixed amount for sinking funds, which is like a reservoir fund in case of any emergency. Typically, this amount is 0.25 percent of the cost of each flat for the entire year. If you rent your flat, an additional 10 percent service charge will be added to your maintenance fee. All of these costs are summarized to give you the cost of maintenance.

Things to remember

As a homeowner, it is essential to be aware of the charges that will be charged against you. RERA (Real Estate Regulatory Authority) has made it mandatory to enter into a management agreement between the builder and the owner. RERA functions to establish transparency in the purchase and sale of assets. This law allows the employer to be fully aware of the charges along with the division of total expenses. Make sure the document is thoroughly checked before signing the contract. If your flat is empty, you don’t have to pay for personal charges like water usage and electricity. However, you have to pay the usual expenses such as service and repair charges. Make sure you don’t pay extra. If you own two houses in the same apartment, then you will be charged twice the amount of maintenance for the two houses, but the calculation is the same.

The importance of maintenance fees

The real hope is for each resident to keep their surroundings intact. Also, if your apartment swimming pool is dirty and the walking track is rubbish, you will get angry. While it is your responsibility to keep your space neat, regularly cleaning and maintaining the exterior areas and equipment of your apartment is an integral part of everyday tasks. It can be difficult for you to get involved in your daily schedule, especially your busy schedule. In addition, repair and repair operations are looked after by the builder and association members. For this process to go smoothly, management charges are imposed on the owners. Therefore, it is essential to pay your maintenance charge regularly for the efficient performance of these activities.
It is essential that your builder keep you up to date on maintenance charges without taking advantage of your ignorance. Since maintenance fees are mandatory, understanding about it can help you measure and plan monthly expenses. Also, it is important to be aware of your maintenance charges, as this will improve your life. All you have to do is invest in a home and pay for maintenance, and take care of the rest! Head to Lancore to buy your dream home.