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adProperty News For January 2009

Giving the interiors appealing wood décor
Source : The Hindu Property Plus Published On : 2009-01-24 City : Chennai

Experts artfully shape the spaces with a judicious and creative use of wood

Interior designing with wood isn’t a new concept in today’s world, but how one judiciously uses it for a seamless blend in one’s interior spaces is an art that only professionals can visualize. Let us look at some kinds that designers swear by.

Kamlesh just believes in living in the woods. This architect-cum-interior designer devises a living amidst variety planks, trunks and barks that he models in his interior. But why use so much wood? Isn’t it difficult to maintain? ...

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Stimulus should be focused on buyers of homes
Source : The Hindu Property Plus Published On : 2009-01-24 City : Chennai

The slowdown in the economy has led to significantly reduced velocity of sales and the developers are reviewing their strategies

Generally, in a buyers’ market things are advantageous to the buyer, whereas in a sellers’ market the advantage is for the seller. What is the status of the real estate market now? “Currently we are in a buyers’ market hence it is the best time for a buyer to be out there, looking for the best deal and closing it out,” advises Mr. Kumar Gera, Chairman of CREDAI (the Confederation of Real Estate Developers Association of India).

He concedes that the slowdown in the economy has led to significantly reduced velocity of sales from August-September 08 onwards. The mood, therefore, among CREDAI ( www.credai.com) members at present is one of reviewing strategies, adds Mr. Gera, in a recent interaction. “Many new projects that were to be launched are still on the drawing board, and where projects are being launched the focus is on lower total price of the units being offered in the market. This lowering of prices is being done by way of reduction of size of units and or reduction of the ‘frills’ and amenities in the project.”...

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Rain water harvesting yields rich dividends
Source : The Hindu Property Plus Published On : 2009-01-31 City : Chennai

A study of Chennai Metro water shows that there has been a 50 per cent rise in water level in the last five years and the water quality has significantly improved, writes K. Lakshmi

When Jamuna Raman bought a house in Villivakkam six years ago, she had to spend a significant amount on digging a bore well for nearly 150 feet deep only to taste saline water.

Now, she and her counterparts in the area enjoy better water quality, thanks to rainwater harvesting system (RWH) adopted in many households. ...

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Can a clinic be permitted in a residential apartment?
Source : The Hindu Property Plus Published On : 2009-01-31 City : Chennai

Change in use is not possible without proper sanction, writes C.H.Gopinatha Rao

In an apartment complex in Chennai, one of the eight apartments was converted into a 24 hour clinic.

The other residents of the apartment complex filed a petition in the Court praying that the clinic functioning form 9 am to 7 pm and 11 pm to 9 am and offering services such as ultrasound , ECG, X-ray and Scan be directed to be closed. ...

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