How to find some extra space in your home – 360 Property Mgmt

How to find some extra space in your home

Chennai

Are all your closets and drawers already way too occupied? Irrespective of how big your home is, some extra space is always a boon. Most homes overlook spaces that would be ideal for storage. Here’s how you can find that space in your home.

While growing up, weren’t you enticed by stories of secret nooks and hidden compartments in homes and attics mentioned in your favourite mystery books and movies?

These days, however, with living spaces in the city getting smaller, hidden spaces have become a necessity. They take care of the extra stuff and make your home appear clutter-free. Here are a few ways through which you can incorporate some secret storage spaces in your home. The target here is to utilise your visible space for storage without making it look like a storage space.

Raghav Kapur, Region Head – South India, SILA gives us a few hidden storage ideas:

Under the bed and headboard – With rolling bin and drawers, the area under the bed can be utilised for off-season clothes and footwear. The headboard too can be used for multi-storage purposes; above the toilet – Install a traditional medical cabinet or hang a wicker basket to store your towels or toiletries. Hang it right above the toilet seat;

Inside the cabinet doors – Install hooks on the inside of your cabinet doors, which can be used to hang utensils and measuring cups in the kitchens, cleaning supplies in the bathrooms and clothes in the bedroom;

Corner of the walls – The corners of walls are spaces that are usually overlooked. They can be capitalised on by adding a shoe rack, book table, or a cabinet for electronics. This can be done for every room in the house.

Gita Ramanan, Co-founder and Designer of Design Café helps us with the pros and cons of hidden storage spaces

Pros:

You can hide valuables and important documents; an intelligent way to organise spaces and give the illusion of a clutter-free home; for families with children it helps store their toys and can also be utilised to keep a few things out of their reach.

Cons:

Hidden spaces have to be customised into your furniture and may not meet the space expectations; they tend to be a bit unwieldy and might not be very handy in an emergency; you may end up cluttering the home in order to store more. Make a design plan and follow it to make your home look organised as well as attractive.

DIY ideas to create storage spaces

Staircase

Use removable ply or drawers to make storage spaces under each step;

Tuck-into innovations

Use pullouts and pushaway furniture for those units, which don’t have high utility;

Furniture storage

Opt for storage ottomans and closet cradles to turn your functional items into storage spaces. You can also build a drawer under your dining table; this way all your cutlery items would be where you require them. You can also do this under you coffee/ centre-table and use it to store remote controls, magazines, etc;

Floating shelves

Incorporate floating shelves with drawers under them on one of the walls of the room. You can utilise the shelf to display books, artifacts or plants;

Wall cavities

Make sure you have all the permission required to make cavities in your wall. These cavities can be used to store a variety of things. Just add a photo frame over it to cover up the hole in the wall.

Slides next to the kitchen counter

A sliding vertical drawer next to the kitchen counter or kitchen can be used to store spices or utensils. A similar drawer next to the wardrobe can be used to store dupattas, neck ties, socks and much more.

Pooja Mahimkar, Times Property, The Times of India, Chennai

Points to consider before investing in a villa

Points to consider before investing in a villa

Chennai

An independent house was what K Sathya Anand was looking for, and hence the villa at Thalambur was his best option.

There are many points to be considered before investing in a house. There is no rulebook dictating these guidelines since it will vary according to the personal choices of a person. For example, a person who loves the company of neighbours and prefers the amenities, which are provided within various apartment complexes, would choose to buy a flat that is located in a building, among other houses.

But for some, like K Sathya Anand, the Vice-President of a global financial technology company, it is essential to have some space around the house. He was not too comfortable with living in an apartment, in a building. So he opted to buy an independent home in Navalur.

He purchased a villa in Thalambur, in December 2017. “We wanted to live in a place that was not too cramped. And we wanted a good amount of space around it, and that’s why this villa perfectly fit the bill. Both, my children and parents now have enough space. Kids have the space to play. The house is well ventilated and well-lit. All these were driving factors behind the investment,” he says.

He wanted to buy a house in a place where there was no water logging. He also ensured that the roads in the particular area were wide. “Besides, this place is a serene spot. There is so much of green cover in the neighbourhood,” he adds.

The 4-BHK house costs approximately Rs 4,000 per sqft. He believes that the decision to buy a home should be well-thought and people should not rush to purchase a property. He advises, “Check and assess your finances, only then purchase a house. Have some savings left in the bank and do not put all your money in one place.”

Ranjitha G, Times Property, The Times of India, Chennai

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TIPS: To enhance positive vibes, good health and usher in prosperity

TIPS: To enhance positive vibes, good health and usher in prosperity

Decorate the southeast part of the house with colours of green or shades of orange. Place green plants like a money plant because it symbolises wealth; Keep the southeast sector of your living room well-lit to enhance your earning power; Focus on the entrance to your home to welcome good energy (Chi) and avoid clutter in this area; place a bamboo plant near your front door, as it will attract good energy and financial security; Place a purple coloured smooth crystal ball or that of amethyst at southeast part to enhance wealth and luck.

A Rose Quartz smooth ball will attract a partner or strengthen your relationship with a loved one; To improve your children’s health and well-being, place small pebbles or stones in the west corner of your living room.

Source: Times Property, The Times of India, Chennai

Affordable housing takes centrestage

Affordable housing takes centrestage

Affordable housing takes centrestage

Affordability, being a relative term, is difficult to determine for a city as dynamic as Bengaluru, says a Vestian report

Over the past one year, the effects of the triple reforms – demonetisation, RERA and GST – resulted in a deceleration of new property launches in Bengaluru. While it dampened market sentiment, it also brought about a fair balance to the market, making it surprisingly end-user friendly, says Vestian, in its half-yearly report on affordable housing titled ‘Real Estate Trends 2018: Bengaluru Residential Market’ .

Furthermore, the government’s ‘Housing for All by 2022’ initiative provided a boost to most developers who were deliberating their entry into the affordable housing segment. Another factor spurring developers to take up affordable housing was the granting of infrastructure status to the segment, thereby opening up a whole gamut of incentives including ease of getting bank loans and a host of tax rebates. Buoyed by the various tax benefits and incentives associated with these policies and schemes, affordable housing is finally on a serious growth curve.

Residential market

Majority of the housing demand observed in Bengaluru has always been in price range of 25 lakh to 60 lakh. While the lower value is considerably sparse, given the rising cost of land in and around the city, the upper range hovering around 45-60 lakh attracts a significant number of buyers. With 2017 proving to be a period of learning for industry stakeholders, the most potent opportunity as deduced by the developer community was pegged in the sub-60 lakh category.

As such, the first half of year 2018 (H1 2018, estimated till mid-June) saw the launch of 13,356 units in the sub-60 lakh category, as compared to just 8,240 units six months earlier, in the second half of 2017 (H2 2017). This depicted a whopping appreciation of 62% in H1 2018 over H2 2017, a significant change in tide.

Out of the total number of new launches, approximately 65% belonged to the ticket size category of sub-60 lakh. On the sales front, H1 2018, estimated till mid-June, saw 3,762 units sold, as compared to 2,183 units sold in H2 2017. Around 72% of the total units sold, of the new launches in H1 2018, were in the ticket size range of sub-60 lakh.

A word of caution

While all seems positive at the moment with demand picking up, some caution needs to be tended to. The government has provided enough policies and incentives to boost the sector but if not treaded with care the glut of relatively cheap housing might potentially create a bubble of artificial demand. The U.S. sub-prime crisis of 2008 serves as an important reminder as to what may go wrong.

Therefore, affordable housing should be treated primarily as a tool to improve the housing situation, rather than create a situation that may spiral out of control. Policy-makers, as much as individual investors, need to tread carefully in the segment.

Outlook

While affordable housing is considered more as a need-based acquisition, it has high prospects of becoming an attractive proposition to an investor as well. Growth corridors in Bengaluru such as Electronics City, Attibele and Chandapura in the south, Tumkur Road in the west, Budigere Cross in the east, and Doddaballapur Road and Devanahalli in the north, that presently offer more of affordable options could potentially become affluent markets in future and yield a substantial return on investment. Additionally, upcoming infrastructure in these peripheral regions portend well for their viability.

For Grade A developers in the city, the segment is no longer looked down upon but has turned into a strong and lucrative avenue for generating profits. Today, the segment holds the key to unlocking inventory, reducing the demand-supply gap and provide for a rewarding business proposition. Besides, the Centre’s recent move to increase the carpet area for residences eligible for interest subsidy under the Credit Linked Subsidy Scheme has come as a boon for the affordable housing sector. The new rule will cover many ongoing projects under the Prime Minister’s Awas Yojana and expand the market size.

Over the next 3-5 years, the momentum for sub-60 lakh housing in Bengaluru is expected to gain ground at a rapid pace, thereby benefiting the long-neglected end-user of affordable housing, as well as work for the betterment of the economy.

With transparency setting in on the industry, on account of the recent reforms, affordable housing is projected to become one of the principal demand drivers of real estate in the near future.

Source : The Hindu