How to Choose Redeveloper?
- October 14, 2019
- by
- PCPL
Redevelopment is an attractive option for the housing societies in many of the dilapidated buildings and complexes that dot Mumbai. But once you’ve decided to redevelop your property, how do you go about finding and picking a builder?
Expert help
The society should appoint an expert to assist with the entire redevelopment process. Project management consultants offer services that can be invaluable, starting with a feasibility report and a tender document.
The first step is to prepare a tender document, which lays out the details and the...
Scope for Redevelopment in Mumbai
- September 29, 2019
- by
- PCPL
Although Mumbai has a desperate need for new and affordable housing, there is an acute shortage of land that can be used for development in the city.
However, the thousands of old buildings across the city present an opportunity for redevelopment – many can be classified as ‘dilapidated’, with a few even posing serious risks to residents. These old buildings also often do not make full use of current FSI limits. Redevelopment in Mumbai then offers residents a number of opportunities and...
All You Need to Know About Shifting to LEDs
- September 25, 2019
- by
- PCPL
If you’re looking to go green, one of the first—and the easiest—steps is to switch to LED lights for your home. LEDs are more environmentally friendly than old incandescent bulbs and fluorescent lights, in that they don’t contain any mercury and are more energy efficient.
The first thing to keep in mind while comparing LEDs is that you need to look at the lumens and not just the wattage when selecting lights. While the number of watts an LED (or any other...
Is Mid-Segment and Affordable Housing Gaining Ground in Mumbai?
- September 22, 2019
- by
- PCPL
One of the prime factors behind the current slowdown in real estate was the exponential rise in housing prices over the 2000s and 2010s, as Real Estate Developers and investors rushed to cash in on a growing market.
As prices reached sky-high levels though, demand crashed across the top cities, including Mumbai, which is one of the more expensive housing markets in the country. In Mumbai alone, the stock of unsold homes stood at nearly 120,000, despite recent improvements, according to Knight...
Energy Saving and Going Green
- September 19, 2019
- by
- PCPL
The monthly electricity bill is a matter of no small concern for households in most large cities, as is the growing threat of climate change and increasing temperatures. So, what can you do to go green?
Heating and cooling
For those of us living in warmer climates, the appliance that draws the most energy is often the air conditioner. The obvious solution is to invest in a more efficient AC from the start; a five-star inverter unit may seem expensive, but the...
Is a Recovery Around the Corner for Realty in India?
- September 18, 2019
- by
- PCPL
The real estate sector has been in a prolonged slump for the past three to four years, and while there are no signs of a sustained turnaround in the offing, things have improved somewhat recently.
In the first half of this year, for instance, new launches shot up by 46% from the first half of 2017, though home sales increased by only 3%, according to Knight Frank’s latest report. The data also shows that developers have been able to sell off some of their long-vacant...