Sunny Developer

  Under the RBI’s guidelines, a non-resident Indian (NRI) is allowed to purchase certain types of properties, while other forms of realty may require special permissions. A non-resident Indian (NRI), who is interested in buying a property in India, can do so. However, his property investment must be made in line with the provisions of the Foreign Exchange Management Act (FEMA). The same FEMA rules are applied to property investments by the people of Indian origin (PIOs). Properties NRIs, PIOs can invest in India The Reserve Bank of India (RBI) has given a general permission to NRIs and PIO to buy any residential or commercial property in India. They need not seek any specific permission from the central bank nor are they required to send any communication or intimation in this regard to the RBI. Under the existing general permissions, an NRI or PIO can buy any number of residential or commercial properties. The income tax law also allows an NRI/PIO to own as many residential or com...

  By aligning the hall colours with Vastu, one can uplift the positive vibrations in the house. Colours have the power to heal people, reduce stress and attract positivity. In this article we look at various hall colours, as suggested by Vastu. Home hall colours as per Vastu The hall in a home, is the hub of all energies. It should always have a comfortable and calming touch. The colours of the hall, as per Vastu, should evoke joy, happiness and attract favourable vibes. These colours include a palette of light blue, pale yellow, light brown, white and pink. The colour green or blue can also signify serenity and well-being with a touch of red, orange and purple. White hall colour as per Vastu White, in all its shades, creates an active and encouraging hall space. When it comes to wall paint for the hall, according to Vastu Shastra, white brings freshness, wisdom and purity. However, avoid a stark white living room and play with textures. Add a subtle dose of pastel shades to add li...

  It's been a while since we talked about the Interior decor topics, right? Don't worry, we are here to save the day, and Today we shall explore Open Kitchens Vs Traditional Kitchens! If Home is where the heart is, then Kitchens are known as the heart of a home. And Kitchen designs are something every family will be particular about. Gone are the days of our grandmother's traditional kitchens and styles; now, as more and more people are settling down in the metro cities, especially in classy apartments and flats, the trend of Open Kitchen models is ruling the roost. But before that, let's explore in-depth about these different kitchen models. What is an open kitchen? In simple words, an open kitchen is where the Kitchen area is not separated from the living or dining area. As mentioned earlier, this type of layout is popular in apartments and small homes where space is limited. Open kitchens can also be found in some large homes where the kitchen is adjacent to the livi...

  Nowadays, people travel to different cities in search of their job. Settling into a job which showcases your skills is very important. What about your accommodation? In search of rental homes, it can become quite tiring and stressful. To solve this concern, we bring to you an idea of a studio apartment. What is a Studio Apartment? These are newly constructed living spaces known as studio apartments because of their current English attractiveness. It's basically an apartment with a single room. In the last two decades, studio flats have been increasingly popular in India, particularly in areas like Mumbai, where space constraints prevent massive residential complexes. We examine what studio flats are and how they can help the country in resolving its housing issues. A studio apartment is defined as a space with a living area, a bed area, a kitchen, and a bathroom. To create a separation, studio apartments can feature partial walls. If there is a wall between you and the guests, fo...

  News | 23th April 2022 Navi Mumbai: More than 26,000 house registrations have been recorded in the last quarter of the financial year 2021-2022 (January 2022 to March 2022). City developers have called the numbers good for the real estate market. As per the Maharashtra Chamber of Housing Industry (MCHI-Navi Mumbai), total 26,484 house sales were recorded in the registration offices in Panvel, Vashi, and CBD-Belapur, with a majority of 2,184 registrations from the five registration offices of Panvel. “With the declining Covid-19 cases and lifting of lockdown, the real estate business is picking up. We expect more sales in the next two fiscal quarters as the citizens are showing interest in Navi Mumbai properties, especially in the growing Panvel areas, including Ulwe,” senior vice president, MCHI-Navi Mumbai, Manohar Shroff, said. He, said the carpet rate for residential houses in Ulwe is currently in the range of Rs 6,500 to Rs 8,000 per square foot, while that in Vashi, being th...

  News | 18th April 2022 Mumbai The BMC has increased fire safety scrunity fee by up to seven times for issuing no-objection certificates to developers for highrises, both residential and commercial. The revised charges are applicable to new buildings and existing ones if there is any revision in the plan, amalgamation of units, change of user and activity, said a circular recently issued by the BMC. In absolute terms, for most projects it could go up to Rs 50,000 to a few lakhs. According to the circular, the fire safety scrutiny fee for buildings having a height of up to 32m tall (between seven to 10 storeys) has been increased from Rs 43/sq m to Rs 100/sq m for residential structures and Rs 200/sq m for commercial ones. Residential and commercial buildings having a height of 32m-70m will now have to pay Rs 200/sq m and Rs 300/sq m, respectively instead of Rs 65/sq m. Similarly, for residential and commercial structures 70m-120m tall, the charge has been increased to Rs 300/sq m ...

  News | 18th April 2022 Mumbai While ‘Mission Begin Again' applies to all walks of life post the lockdown phase, the state forest department has also enthusiastically vouched for it by recently starting a special demolition drive of illegal structures within the areas notified for mangroves in and around the Mumbai Metropolitan Region (MMR). Just last week, several concrete structures inside the notified mangrove area were demolished by the mangrove cell officials at Kopri in Thane. More demolitions are expected here and also around coastal areas, such as Juhu, Versova, and parts of Navi Mumbai, where there are notified mangrove forests. Additional principal chief conservator of forests (mangrove cell) Virendra Tiwari, said, “It was surprising to see pucca concrete houses built illegally inside the notified mangroves at Kopri. Our officials are undertaking field inspections at all notified reserved forests to check for such illegal shanties and houses so that demolitions can be ca...