Realty Blogs

Growth Spurt Of Furniture Design Industry In India – Ek Design Keeping It Simple And Stylish  A: Upcoming Trends in the Furniture Industry – Indian Design, with the addition of artisanal work like Cane weaving, is a trend that’s definitely here and will be around for a while. The overall aesthetic of Furniture Design in India is heading towards its roots with more use of traditional materials and techniques. This is evident in the recent emergence of Bamboo furniture or, as popularised by European designers, Rattan furniture, which is making a comeback to modern households. The user is also more knowledgeable about materials and finishes and is more keenly looking at every detail of the furniture they are looking to buy. This is giving rise to more homegrown, local brands that are providing all these qualities along with original designs B: Buying Tips – An Indian household typically goes through the cycle of furniture in about 10-12 years, so it becomes of utmost importance that furniture not only looks good but also lasts the test of time. Knowing what material was used in making the furniture is the ultimate factor that decides the longevity of the furniture piece. Be more alert when reading descriptions of products online that say “Teak Finish” or “Walnut Finish”. As the term itself states, these are just finishes on top of the material that is used for making the structure. This means the structure could be made out of any material and finished to look like a durable material, which will not last in the long run. Another easy tip is to just turn over the furniture piece and look at the quality of finish on areas that won’t be visible normally. This shows the furniture makers’ intent on things that are not going to be visible or used in their daily use but have still been paid attention to by the maker. If a furniture piece has been well finished from the underside, it’s probably going to be a good one since care and attention has been taken to finish even parts of it that won’t show in its everyday use. Brands in Pune – Ek Design SAR Studio C: Message to new or growing entrepreneurs – The furniture industry is set to grow very well in the coming decades and our likeness toward more Indian Made things is going to give it a major push in the right direction. That being said, there’s enough market or audience for every possible range or line of products as long as the offering is of its absolute best quality. It is important to remember that the customer today is a travelled and well-read individual with much more knowledge than previously known. Another important lesson to learn or know right, in the beginning, is the importance of meeting timelines. A commitment to timely delivery has been one of the biggest requirements. The furniture industry is largely unorganised and being an organised and disciplined company surely helps you stand out from the competition About Ek Design: We are a furniture design studio based in Pune, Maharashtra, with our own manufacturing unit located at Vadgaonsheri. Since our inception in 2016, we have manufactured over 10,000 pieces of furniture consisting of a multitude of materials like Metal, Solid Wood, Cane Work and Upholstery. Our design philosophies revolve around simple forms and minimalism paired with the responsible use of materials. Our strength lies in fine woodworking, which is depicted in our selection of products. All our processes, right from sourcing materials to the final finishing of the product, are in-house, which ensures total quality control at every step. Honesty and transparency are values intrinsically built into our DNA, and we take all measures necessary to ensure the same is reflected in our work. Prajwal Degwekar – Founder Abhimanyu Sarkar – Head of Sales and Business Development

Have you e(i)nsured that your family can stay in the same property?   Most people who buy their first residential property opt for a housing loan. Let’s say Vivek buys a flat for Rs one crore. He pays Rs 40 lakhs from his source. He raises a 60 lakhs housing loan from a financial institution for 15 years. Now, the flat is mortgaged to that Financial Institution. “Plan A” is Vivek completes the loan term successfully and repays the principal and interest in 15 years or earlier. After repayment, the financial institution will cancel the mortgage and transfer the property to Vivek What if Vivek, unfortunately, dies after, say, three years? The outstanding loan is, say, Rs 56 lakhs. There are two situations – 1) Family members have to repay the outstanding loan so the Financial Institution can cancel the mortgage and the flat is then owned by the family members. 2) If family members cannot raise an amount equal to the outstanding loan, the financial institution will sell the property. The balance of total sale proceeds less outstanding loan/interest will be paid to family members. Imagine, family members will have to shift to another house. They may have to adjust to a flat smaller in size or far away from the city. It would be very difficult for the family to cope with, in addition to the loss of a near and dear earning member. If Vivek purchases Life Insurance equal to the loan amount, say 60 lakhs in this example, the policy will be assigned to the financial institution. In case of an unfortunate death, Rs 56 lakhs will be paid to the financial institution and the loan will be fully repaid. The financial institution will then cancel the mortgage and the flat will be fully owned by the family members. What if Vivek meets a serious accident and becomes permanently physically disabled in such a way that he cannot earn? Now his income stops abruptly, and his maintenance expenses will go up significantly. If he is unable to repay the loan EMI, the financial institution will ask the guarantor (if any) to repay EMI / loan, or the flat will have to be sold. Some companies offer an “Accident & permanent disability” rider (add-on) when you apply for new Life Insurance. If the rider is opted for Rs 60 lakhs, in the above scenario – (1) The balance (future) Insurance premium will be waived off (2) Rs 6,00,000 will be paid every year for the next 10 years. This amount can be used to repay EMI and the family can stay in the same house If a flat/loan is in the husband-wife joint name (both earning), generally, EMI could be almost equal to one person’s income. The situation could be more or less the same. Moral # 1: It’s an absolute must to buy Life Insurance, at least equal to the loan amount, with a permanent disability rider, so family members can continue to stay in the same flat. Moral # 2: Remember above 60 lakh Life insurance will only help clear housing loans. The earning person will also need more Life Insurance so his family members can continue the current standard of living in his absence, besides creating a child’s marriage/education fund.   VivekGodse.com Life Insurance Agent  

Co-living in India: A Solution to the Challenges of Population Growth and Urbanization The Indian population is expected to surpass that of China, presenting both challenges and opportunities for growth. Co-living (community living) involves communal living, where individuals share spaces such as kitchens, living rooms, balconies, and private bedrooms. Co-living spaces can be shared apartments, houses, or purpose-built buildings. For a considerable time, individuals pursuing education or employment have struggled to find suitable accommodation. Paying Guest (PG) arrangements have been a common choice, with saving money taking precedence over luxury living. The presence of a roof over one’s head has sufficed. Unless there was a relative living in the same city, the only viable option was a PG, which has always been looked upon unfavorably. Dealing with the warden, who controlled the facility, was undesirable, particularly in the case of issues like water scarcity, bad food, seepage/leakage, pest infestations, or security, etc. Consequently, individuals felt pressured to save money for their families, leading to stress and health concerns. However, with the emergence of co-living, the era of PGs or unorganized living has come to an end. Co-living is a unique solution in India due to the magnitude of the population, with overcrowding causing a strain on infrastructure and the overall quality of life. Co-living maximizes space use, reduces urban congestion, promotes sustainable living, and efficient resource utilization. Additionally, co-living provides fully furnished units, an experienced manager, a building superintendent, a concierge, and repair and maintenance services to ensure residents’ living standards are not compromised. Co-living also fosters a sense of community and support networks crucial for mental well-being. India can lead in establishing co-living standards and concepts that cater to different groups’ needs, including students, young professionals, and families. Co-living can create inclusive communities, bringing people from different backgrounds and socioeconomic groups together. Establishing guidelines and standards for co-living spaces is essential to build trust and confidence among potential residents and investors. Embracing co-living and adapting it to its unique needs can help India manage population growth and lead in building sustainable, inclusive, and thriving communities. As the world grapples with urbanization, climate change, and sustainability challenges, India has a unique opportunity to demonstrate co-living as a solution. “The provision of affordable, superior living solutions to urban India’s young professionals is a substantial problem that Zolo seeks to address. We are pleased to support their vision of creating an all-inclusive and convenient housing solution for students and individuals alike, with the aim of building a thriving community that promotes strong social ties.” – said Sarabjeet Kukreja, Founder & CEO of Zeassetz, a subsidiary of Zolo Stays – India’s leading co-living brand.   Author Details Name: Mr. Sarabjeet Kukreja Company: Zeassetz Designation: Founder & CEO  

Vishrambaug Wada:- A Historical Marvel Of Pune Vishrambaug Wada is a historical building located in the heart of Pune City. It was constructed during the Peshwa Supremacy and has played a significant role in the history of the city ever since. The Wada has been beautifully conserved over time and serves as an excellent illustration of the architectural style common during the Peshwa Reign. The Wada witnessed the rise and fall of the Peshwa Era, the British Raj, and the Indian Independence Movement. Peshwa Bajirao II ordered the building of Vishrambaug Wada in 1807. During the Peshwas’ travels to Pune, it was meant to be their home. The Marathi words “vishram,” which means “rest,” and “baug,” which means “garden,” are combined to form the name “Vishrambaug.” The Wada served as a tranquil retreat for the Peshwas and was constructed amid a large garden. The architecture of Vishrambaug Wada mixes Mughal and Maratha elements with magnificent carvings and embellishments that are unique to each. The Wada has a variety of courtyards, each serving a specific purpose, such as housing, kitchens, and stables. The Wada also has a substantial ceremonial hall that was used for important events and rituals. There are two primary entrances to the Wada. On the east side of the structure, the first entry has a lovely wooden door with elaborate carvings. On the north side of the structure, the second entry includes a sizable gateway and a sizable wooden door. The interior of Vishrambaug Wada is just as beautiful as the exterior. The Wada has a large number of rooms, each with its unique features. The rooms are decorated with beautiful carvings, paintings, and artifacts. The walls are adorned with intricate frescoes, while the ceilings have elaborate stucco work. One of the main attractions of Vishrambaug Wada is its museum. The museum is located on the first floor of the Wada and showcases a large number of artifacts and antiques. The museum has a vast collection of coins, pottery, textiles, and weapons from the Peshwa period of influence. The Wada has been described as a “living museum” by historians, and it continues to attract tourists from all over the World. In recent years, there have been efforts to preserve and restore Vishrambaug Wada. The Government of Maharashtra has taken various steps to ensure the maintenance and upkeep of the building. The Archaeological Survey of India (ASI) has declared the Wada a protected monument. As the city of Pune has grown over the years, Vishrambaug Wada has become an integral part of the city’s history and growth. As rightly quoted by historian James Fergusson “The Architecture of India is not only the finest of all the eastern types but also one of the noblest and most beautiful in the World”.   Author Details Mr. Chaitanya Rohini Raje Manager, Dreams Per Square Feet    

MOVEMENTS MADE EASY :  KNOW YOUR RELOCATOR Have you ever shifted your house? A home which is close is close to heart. YOUR HOUSE, YOUR WAY. An ISO 9001-2015 company, Associated CARGO MOVERS & PACKERS PVT LTD (ACMP). We are a 22 year company for Relocation without any tension. You can rely on us for any movement for Household Goods, Automobile shifting, Office Shifting, Warehousing, Plant Movements, Industrial Packing & all Destination Services. Movement of IT Assets like Laptops, Desktop and Monitors are handled with utmost care at ACMP. Services available at ACMP: Packing, Door to Door Delivery & Insurance. Movement of goods through Air/Surface with dedicated tracking of 24*7*365. Coverage across cities in India. Economical Rates available & free warehousing for 7 days. Skilled & Trained Manpower with sensitivity towards packing and handling of Goods to be moved. Containerized vehicles available for movement which benefit the Safety of Goods, Pilferage, damaging of goods due to climatic conditions. GPS tracking is available. Best packing material techniques used for wrapping the goods. A fabric sheet reduces waste and provides additional protection. Rubber Sheets used as a shock absorbing material. Dedicated person assistance available on long routes. Differentiating between goods: Fragile stickers, Religious Stickers, Room wise colour coding and detailed inventory of contents. Silica Gel used for eradicating foul smell and fungus. All the goods transported are insured and claim settlements (In case of damage/loss/theft/pilferage) are settled directly from the insurance company to the consumer bank account. How to choose the best relocator & differentiate between Relocators available in the market? Nationwide coverage Safety Professional packers Single window manager Containerized vehicle Insurance facility Warehousing facility Our Vision: To be a one stop destination for all relocation needs. We aspire to be the final destination and not a milestone. Core Values: Transparency, Ownership & Honesty. Brand Line: An Association of Assurance. A company you can trust for Relocations. We are just a call away 9822000088. Toll Free no 18002334560. Email us:- acmppune@associatedpackers.com Happy shifting.   Author Details Name: Mr. Abhishek Sharma Designation: Director Email: abhishek@associatedpackers.com Business name: Associated Cargo Movers & Packers Pvt Ltd

Real Estate Job Opportunities for Freshers India’s real estate sector is experiencing exponential growth and is poised to become a 1 trillion USD market by 2030. The construction of residential complexes, commercial hubs, offices, warehouses, and convention centers indicates the industry’s continuous expansion. This growth not only presents opportunities for the industry itself but also for individuals seeking promising careers. Contrary to popular belief, career opportunities in real estate extend beyond traditional roles like real estate manager, construction manager, realtor, or civil engineer. The sector has evolved significantly, offering extensive and versatile career paths. Some of the diverse options include surveyors, project and construction managers, property valuers, property inspectors, estate and property managers, urban and rural planners, real estate asset managers, procurement experts, subject matter experts, quantity surveyors, construction project managers, home loan consultants, investment managers, warehouse experts, facility managers, and real estate digital marketing experts. Working in the real estate and construction space also provides an opportunity to build high-profile connections. Interacting with potential property buyers and investors can help professionals forge valuable relationships that may lead to further career advancements and entrepreneurial opportunities. Moreover, the real estate sector offers creative satisfaction, particularly in planning and development. Creating innovative and useful residential and commercial structures that enhance people’s lives can be immensely fulfilling. One of the key attractions of the real estate industry is its potential for high earnings. Realtors and other real estate professionals can earn substantial commissions or fees. The size of the deal directly impacts the commission earned, providing significant earning potential. Additionally, professionals in managerial positions can command handsome salaries, which vary based on experience, expertise, employer’s capacity, and location. Considering India’s increasing demand for real estate, the industry’s investment and growth are expected to continue. The emergence of Tier-2 and Tier-3 cities further expands opportunities in the real estate and construction sectors. These factors make the real estate sector a promising field for sustainable career growth. To excel in the real estate and construction industry, aspiring professionals should develop and refine a range of skills. These include excellent communication skills, attention to detail, technological proficiency, negotiation skills, teamwork, ability to work under pressure and meet deadlines, high social quotient, active listening skills, resilience, patience, local market knowledge, supplier and vendor development skills, honesty, integrity, problem-solving skills, and networking abilities. To sum up my opinion, India’s real estate sector offers extensive career opportunities and tremendous growth potential. Individuals can explore diverse roles and benefit from high-profile connections, creative satisfaction, and potentially high earnings. With India’s continued investment in real estate and the emergence of new cities, the sector promises sustainability and a bright future. Developing the necessary skills and qualities will help aspiring professionals thrive in this dynamic industry. Author Details: Abhay Kumar BE, MBA, and MLW (SYMBIOSIS) Founder Director Institute of Real Estate and Finance , Global Management School