Ways To Live Large In A Small Balcony

The balcony is an extension of your home from which you can see the jam-packed road, skyscrapers, and a plethora of people. But this is the time that you need to refurbish your little balcony so that it can recreate the beauty of outdoors where you and your family members can enjoy beverages, read a good book, and can stay in a relaxed mood. In this article, we are going to describe how can you redesign this tiny place into an aesthetically appealing place within your home.

Go Green: This is the time that you need to get rid of the boring white paint rather you can convert your balcony into a hanging garden. You should decorate this tiny place with a lot of greens and seasonal plants for variety. You can even carpet the balcony with a faux garden moss rug which is available everywhere in the market. These days, the markets are crammed with many earthen pots of different sizes and hues, so purchase and place them on your balcony which will accelerate the look of the place.

Decorate With Light Furniture: Why don’t you decorate your balcony with some light-weighted furniture so that you can still enjoy the comfort of your bedroom or living room. Outdoor couches, Ottoman, Armchair, etc. would be the ideal choice for your balcony furniture. You can even place a coffee table so that everyone can enjoy the breakfast and enjoy the view from the outdoor. If you want to become more comfortable or cosy, then keep some fluffy pillows on the couch or chair.

Create A Beach-side Mood: Perhaps everyone on the planet loves to enjoy on a beach because they feel the ecstatic beauty of the beach will rejuvenate their energy and mind. If the beaches are far away from your place, then don’t be sad rather try to be creative and go for a beach set up on your balcony. If you are a creative person, then you can easily bring the beachside hammock to the balcony. But make sure you find a safe and a sturdy spot to hang it. It is also true that not all balconies would be appropriate for this. So, before hanging a hammock, judge wisely. Try to keep some sea shells and other accessories like a beach chair, some plant life, etc. to accentuate the look.

Keep It Simple: If you have a limited budget, then you need to plan in a different way. Don’t go for the costly furniture rather you can keep a bench for two or a coffee table on your balcony. Try to decorate the balcony with some colourful lights to make the look more beautiful and enchanting. If you have a good place on your balcony, then try to hang a piece of artwork on the wall. This will surely help you to get rid of the same humdrum look of your old one.

If you are a creative person, then irrespective of the size of your balcony, you can make it beautiful and stunning by giving some attention and thought.



Do’s and don’ts of using false ceiling

False ceilings helps you plan for ambient lighting, which is important to create a mood in any space.

False ceilings often known as drop ceilings or suspended ceilings will not only enhance the look of the home but also conceal all your wires, cables, ducts and the hardware of the light fittings. These days, most of the rooms are crammed with false ceilings as they help you to plan for ambient lighting.

Here, we are mentioning some do’s and don’ts of false ceilings while using for your home.

  1. Check the height carefully: First, you need to check the height from floor to ceiling slab level is enough for a false ceiling, without making the room congested or claustrophobic.
  2. Pre-plan: Pre-plan your lighting layout in advance. Because this will help you to choose your design for the false ceiling. Always go for simple and straight line designs and try to avoid mouldings.
  3. For large spaces: If you have an adequate space, then you can go for double-layered ceilings of unusual shapes and textures to make it more compelling.
  4. Go for a border: If your room doesn’t have much height, then opt for that kind of a false ceiling which runs along the periphery of the walls. This will not cover much height and will give you the option to create mood lighting which will make it more attractive and beautiful.
  5. Maximize the space: You must maximise the space between the slab and false ceiling by hiding or concealing all the electrical wires, AC ducts, copper piping etc. within them. Otherwise, these will tarnish the look of your room.
  6. Check the strength: Generally, a suspended ceiling is lightweight and is not robust and strong. So, if you are planning on hanging chandeliers, any ceiling lights or even other hanging decorative items, then before hanging them, you must check how much weight your false ceiling can support. For safety, it is recommended that you must install a piece of plywood just above the gypsum sheet of your false ceiling. This plywood will provide the false ceiling with required strength to hold the weight of an object.
  7. Fan rod: If you are planning to install rod ceiling fan, then it must be installed before construction of false ceiling, specially if you are going for a gypsum or any other lightweight ceiling.
  8. Check strength: If you are planning to hang heavy item like swing, then you should install a sturdy hook in the ceiling slab before creating the false ceiling so that it can hold up the weight of the swing plus the weight of the people who are going to sit on it.
  9. Provide insulation: If your false ceiling is just under the terrace of your building, then it is recommendable to place thermocol sheets as an insulation.  The thermocol sheet will minimize the heat consumption and thus, make air conditioning efficient which will keep your room cool and vivacious.


Décor Tips for Your Dining Room

Get a cue from these trendy dining room décor ideas and showcase your signature style.

Bored of the old look of your dining room? Wondering how to decorate your dining room to give it a refreshing look? Get a cue from these trendy dining room décor ideas and showcase your signature style.

From contemporary to vintage, we have covered it all.

Add Colour with Colourful Runners

Adding colourful runners is the easiest way to add an assortment of colour and patterns to your dining room. You can go for colours matching your curtains or select neutral tones. Regardless, it can instantly spruce up the style quotient and add a pop of glamour instantly.

Let ‘Statement Lighting’ Do the Talking

Experiment with lighting is often limited to bedrooms or bathrooms. It is the time to take the plunge and decorate your dining room with a bold sconce. A vintage chandelier or contemporary globe pendant speak for itself and would just look amazing over a larger dining table or a coffee table.

An Oversized Art Piece can Seize the Limelight

You can never go wrong with a classic art piece.  You can make the art stand by hanging a larger-than-life piece bang in the middle of the wall. Hanging art piece low keeps it at eye level thus making it even more noticeable.

Add Patterns to Your Wall

Use leftover paint from your living room to add interesting patterns to the dining room well. Make vertical stripes or cross-check patterns and witness your wall convert from boring to beautiful.

Add Slipcovers

Bored of the same old chairs? Change the look of your dining table chairs with slipcovers. Monochrome slipcovers with your monogram is a perfect way to personalize the furniture with sophistication. If you prefer a bold look, go for bright, colourful slipcovers in contrast with the curtains.

Let Natural Lighting Do the Trick

If your dining area receives ample sunlight, then replace your curtains with transparent ones and convert your dining room into open, inviting space. Add some fresh flowers and indoor plants to accessorize the dining area.  Have moderate yellow lighting for the night.

Say No to Too Much Furniture

The dining area is for eating food and it is natural to have a table, chairs, etc in the dining room. However, having too much wood in the dining area can be a bit overwhelming. If you don’t have too many people in your home, you can have a small dining table with 4 chairs and use the remaining area creatively. Adding a painted cabinet not only enhance look but adds tons of storage space as well.

Create a Stunning Ceiling

When decorating your dining room, do not forget the fifth wall. Paint a unique design, use a wallpaper, or add architectural details. There is so much you can do to decorate the ceiling.  You can vintage on the ceiling with rustic beam and custom artwork in neutral hues.



The Year Gone and the Year Ahead

No matter the number of highs and lows in 2017, here we are looking at 2018 as a year filled with hope, opportunities and positivity.

As we bid adieu to 2017, people across the world are ready to welcome 2018 with much zeal and enthusiasm.  For some people, New Year is nothing more than just another year while for many other the changing calendar brings along new hope, new aspirations and a wish for better times.

Every year as we welcome the New Year with open arms, we certainly take a look back at the past year for all the good and bad memories it has brought along. For India, 2017 was a year of hope and positive changes. While Manushi Chillar brought the Miss World crown home after a long gap of 17 years, Women in blue reached World Cup Final first time ever and made it the highest followed women sports in India.  ISRO launched a record-breaking 104 satellites with a single rocket, breaking Russia’s record by nearly 3 times and for the first time, FIFA Under-17 World Cup was hosted in India taking the popularity of sports to another level.

In a landmark decision, Supreme Court granted every Indian ‘right to privacy’ despite their sexual orientation. And at the same time, we witnessed violence and sad demise of people during Guru Ram Rahim Singh’s conviction. While the death of 7-year-old Pradyuman in Ryan International School raised questions on the safety of our kids at School but again declaration of Triple Talaq as unconstitutional gave women empowerment a whole new meaning.

No matter the number of highs and lows in 2017, here we are looking at 2018 as a year filled with hope, opportunities and positivity.

Team Venkatesh Buildcon & Urban Nests, wishes you all a very ‘Happy New Year’.

Five Rights Loan defaulters should know about

5 Start-ups.pngLoans are a great way to make a dream, which seems a little far-fetched on your current financials, a reality. A majority of us turn to them to fulfill the dream of buying that latest iPhone, a utility car or our dream homes. But, often an over looming concern grips majority of us while taking that final step in signing those papers. The concern is, whether we will be able to pay those Easy Monthly installments that we’re promising to the bank. However, after giving it a thorough thought and making a promise to yourself to curtail your expenses and pay every installment on time, you go ahead and sign those papers.

So, once everything is done and your loan is approved, you start giving your EMIs. Everything is hunky dory in the first year but unfortunately, due to some reason, you aren’t able to pay the 13th EMI of your loan on time and become a loan defaulter. Here is when you start thinking that the nightmare has begin but stop, that is not the case. You being a defaulter doesn’t give your lender a complete walkover. Here’s a list of five rights you have up your kitty despite being a loan defaulter.

1) Ample Notice- Banks have to follow a proper process and give a defaulter substantial time to repay their dues before starting the process of repossessing their assets to recover the arrears amount. A bank in India typically follows the proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests (Sarfaesi) Act. According to it, if a borrower’s account is termed as a non-performing asset, that is the repayment is overdue by a period of 90 days, the lender is obligated to first issue a notice of 60-days to the borrower.

If a notice is issued and the borrower is still unable to pay the dues, the lender can legally begin with the sale of borrower’s assets. However, the bank is additionally required to issue another 30-day public notice stating all the details of the sale before beginning the assets sale.

2) Ensure Fair value of assets- When the borrower isn’t able to pay the dues even after the 60-days notice, the bank issues a 30-day public notice giving a detailed value of the secured assets after a proper assessment done by the banks’ valuers. It also releases details like date and time of auction and reserve price etc.

If the lender thinks that his/her property has been undervalued, they can raise an objection about the same and justify it by conveying any better offer that they might have so that the bank can make a decision about the same. A borrower can look for buyers on their own and get them in touch with the lender if they think that the property is worth a better price than valued by the bank.

3) Realise balance proceeds- Keep a close watch on the auction process. Banks are obligated to refund the lender any balance money that there might be left after full recovery of the dues the borrower owes to the lender.

4) Right to be heard- During the 60-day notice period issued by the lender, the borrower has the full right to present himself/herself to the authorized officer and put forth their side of the story. The officer then has to reply within a period of seven days and give a good, valid reason if he has decided to reject the objections and points put forth by the borrower.

5) Right to humane treatment- You being a defaulter, doesn’t give the bank a right to behave with you whatever way they may seem appropriate. The banks will still have to hold up to their best practices as part of their code of commitment to their customers.

Recovery agents aren’t allowed to use the means of intimidation or harassment on the borrower nor their family members. Further, they can legally call the borrower only between 7 am and 7 pm. Also, the agents can only meet the borrowers physically at a place chosen by the borrower. During the entire process, the recovery agents have to adhere to the privacy of borrowers, and ensure civil behavior on their part.

So, if you have taken a home loan for your dream house, don’t worry. First of all, try paying all your EMIs on time and even if once in a blue moon you end up missing the line by a few days, then no need to fret, you still have a few rights up your sleeve which you can exercise.

5 Startups Changing the Real Estate Scene

2.pngTechnology has completed revamped the way we live our life nowadays. We can now order a pizza or book a hotel from within the palms of our hands without even physically setting our foot outside. The Real Estate industry has also been taken over by this technological revolution taking place in the 21st century. The recent years have seen various young entrepreneurs with exceptionally innovative and out-of-the-box ideas coming forward to give the Real Estate Industry a technological makeover.

Here’s a quick rundown of five startups helping the real estate industry be on the same pace of development as others.

1) Housing.com– A brainchild of IIT graduates, this particular startup took birth from the horrifying personal experiences that the founders faced because of the lack of transparency and authentic information available in the Real Estate market. The startup helps to bring customers, brokers and home owners on one platform and interact with one another directly without any middlemen. Verified listings, authentic pictures of the properties and a redefined search through filters are some of the factors that make the website a virtual heaven for home renters and buyers.

2) Nestaway– As the name suggests, the startup is an effort to provide working class people and youngsters looking for an accommodation or a nest away from their original cities and homes because of new jobs and opportunities or old job transfers. Co-founded by the awesome foursome Jitendra Jagadev, Smruti Parida, Amarendra Sahu, and Deepak Dhar, the startup has received backing from industry giants like Flipkart and Tiger Global in the form of funding. Nestaway is a very popular online home rental marketplace offering pre-verified tenants with fully-furnished houses of landlords with prior rental experience.

3) Nobroker– Real Estate industry without brokers is a hard scenario to imagine. But, Nobroker with its unique concept has made what seemed an impossible scenario, a possible one. The online real estate rental firm connects customers directly with homeowners so as to make the house hunting exercise a cost-effective and less taxing experience. To make the process more smoother, the platform also makes available customer customized online rental agreements, cost efficient properties and validation checks.

4) Ghar360– Taking digitisation to a whole new pedestal, Ghar360 co-founded by Ajesh Joy and Sanju Thomas is a cloud-based 3D augmented reality platform that gives a customers a virtual walk of their dream homes before it even becomes a reality. They can enter their homes using the 3D appearance similar to what is done in an IGI game or in Counter Strike.

5) Makaan– Owning a makaan of their own is a dream of almost every person on this planet. Everyone wants to have a humble abode to themselves that they can call it theirs and decorate it and live in it the way they want. Makaan.com is on a mission of making this dream of every Indian a reality. Offering the best rates available for a property, the startup makes the dream home search mission a faster and less cumbersome process. In addition to buying a house, the online platform also helps in bringing together people trying to rent, sell or lease their properties in India. The startup was recently acquired by PropTiger, a known digital real estate marketing and transaction services provider, in April 2015.

Pune Real Estate Market Growth.

1.pngPune is currently the ‘IT’ city for a millennial to live in. Humble people, magnificent climate and an ever-growing job market, are contributing majorly to this trend. According to statistics available, the Pune residential realty market has seen the highest appreciation in India in the recent times.

With the information technology sector spearheading the job market scene in the city, making it a lucrative destination for the Indian youth to call it a home and settle there for good, the city is expected to boom at an unexpected rate in the decade to come.

What is more interesting is the fact that the Pune Real Estate market has continued to grow despite the overall slowdown in the Real Estate market in the country. This is mainly because of the strong economic drivers driving the city. In addition to being an established IT hub, the city is also a major manufacturing site for the automobile sector of the country. With these two verticals going strong, more and more people are expected to settle around these automobile hubs and IT parks in the coming future and the Real Estate industry of the city is all ready to fulfil the increasing demand.

Pune is also known as “Oxford Of East”,  due to its popularity as a student destination and the high number of  prestigious educational institutions.

In addition to the IT and the automobile sector, Pune is also seen as a major marketing hub for marketing of food grains and other commodities. The city is also a major marketer of the country’s important agricultural tools and implements as well as pharmaceuticals, cement and minerals, fertilisers, timber, petroleum products and readymade garments.

What also makes Pune such a lucrative market for the Real Estate builders is the strong fundamentals of the city. The city has a well connected social network of hospitals, schools, colleges and several top-notch retail outlets.

The city of Pune can be broadly divided into two corridors, namely the eastern corridor and the western corridor. The eastern corridor of the city which consists of areas such as Kharadi, Hadapsar, Nagar Road and the Airport Road, is well connected to other parts of the city. On the other hand, the western corridor which spreads its wings towards the industrial belts of Chakan and Talegaon and the Hinjewadi IT Park, has the important Mumbai-Pune Expressway for its company. According to the recent data, the eastern side of the city is currently more in demand as compared to the western side. This could be mainly because of the fact that the eastern side has a better connectivity to the city, which is further complimented with a good social infrastructure.

The eastern side of the city is currently more in demand as compared to the western side.

So, if peace and tranquility along with a phenomenal standard of living are your ideas of a good life, then the city of Pune fulfils this desires of yours to the tee. Astonishingly, a major percentage of people nowadays prefer Pune over Mumbai because of the aura and the charm of a modern and a quite city engulfed all in one. So, if you also have been contemplating for long whether to book your dream house in Pune or not, then now is the time not to think but act. Book before the prices shoot the roof and you lose out on a chance to own your own humble abode at a stellar price in one of the best cities in the world.

Occupancy Certificate- Your gateway to Smart Home Buying

OCCUPANCY.pngIf you’re one of those who is contemplating on buying a new house or have already bought one in the past, then this article is especially meant for you. Often first time home buyers end up making the mistake of not researching enough on the kind of legal documents required while buying a house. Out of these documents, one of the most important ones is Occupancy Certificate or Completion Certificate.

Since this document isn’t required while registering a property, a majority of the home buyers end up neglecting it and forget to collect to it from the builders of the apartment or previous owners. There are numerous cases where builders get the building plans approved but they do not get the occupancy certificate or completion certificate because they fail to stick to the approved building plan during the construction process or due to other violations made by them.

Obtaining a Completion certificate or Occupancy Certificate can be mandatory under respective State laws.

The builder or the developer of the housing project is required to apply for the ‘Completion certificate’ with the local authorities (like PMC, PCMC or PMRDA in PUNE) once the building construction is duly completed.

While the project is under construction, the builder has to obtain various No Objection Certificates (NOC) from civic, municipal and competent authorities. A proper occupancy certificate is given out by the local authority after it does a thorough evaluation of the constructed building. If the building constructed meets the building approval plan and other building standards like height of the building, distance from road, number of floors, quality of the structure, rain water harvesting system etc., and various other terms & conditions as per Commencement Certificate an Occupancy certificate is awarded.

This Occupancy certificate holds testimonial to the fact that the builder has fully adhered to the National Building Code of India 2005. Further, the certificate is also important for getting basic amenities such as electricity, water and others for the structure.

A proper occupancy certificate is also necessary in order to get important paper work such as property tax and housing loans etc. In case of the non-availability of the same, the buyers can come to their own rescue by getting in touch with the local authorities or by forming a resident’s association.

So, if your builder has the occupancy certificate in check, then congratulations, you’re a smart home buyer.

How to prepare oneself financially to buy a House

Buy Your Dream Home.png

Buying a house of our own is possibly one of the biggest decisions one takes in their lifetime. But, often in the process of making our dream homes a reality we end up going overboard and the result is, you owning the home while neck deep in crisis. Well, that isn’t such as desirable scenario, is it?

But, don’t you worry, with a proper plan in hand one can still achieve their goal of holding the keys of their dream house while their heads still well above the water. The main key here is to not take a reckless decision under a broker’s pressure and end up owning something which you didn’t want to.

1) Know what you want– This requires a lot of research. Go through the Property Supplement of your newspaper, circle in some projects and then do a thorough study of the projects by going through their website, Facebook pages online. This will help you understand what type of house you’re looking for and what are the current property trends and rates. It is often seen that people do an extensive research while buying things like Smartphones, cars etc. but when it comes to buying a house, they believe whatever their realtor or broker feeds them. This shouldn’t be the case. After all, this is going to one of the most expensive purchases of your entire lifetimes. Take the onus on yourself and do a primary research.

2)Budget– Once you’ve zeroed on the type of house you’re looking for, select a project within your budget. According to Financial Experts, the sum total of one’s EMIs (easy monthly instalments) must not be more than 40% of their take-home salary. Thus, if your monthly take-home salary is Rs. 1 Lakh, ideally your EMI shouldn’t exceed the Rs.40,000 per month mark. Further, if you have any other ongoing loans such as a car loan or a phone loan, the amount you can pay on a monthly basis on your home loan takes a further hit.

Suppose Rs.40,000 is the amount you can afford to pay as your EMI on your home loan and at an interest rate of 9.75%, you can take a loan for a time period of 15 years. According to emicalculator.net, based on the above parameters, the maximum loan amount that you will be eligible to borrow is Rs 38 lakhs. Now, the bank whose services you’re availing might agrees to give you a loan for 80 percent of the value of the house and 20 percent must be arranged by you on your own, then, the best you can do is buy a house worth Rs 47 lakhs.

In case you want to increase the loan amount, you can even apply for a loan by clubbing the income of yourself and your spouse.

The one thing that the young buyers need to take care is to have a contingency fund in hand in case something goes wrong like if one of the loan applicant’s loses their job or their is some big medical calamity etc.

3)Down Payment– The down payment amount is generally 20 percent of the total cost of the house. Unfortunately, this amount isn’t financed by the bank and hence will have to be single handedly arranged by you yourself. The way you can save for this account is by systematic planning and saving. For example, people contemplating to buy a house in a period of next three years, can go for low-risk instruments, such as fixed maturity plans (FMP) or fixed deposits (FD). On the other hand, if you have five to six years in hand, you can avail monthly income plans of mutual funds. For people who can afford to take a certain amount of risk, they can go ahead and invest in equity funds or balanced funds etc.

4) Make Saving a Habit– During the time period, when you’re saving up for the down payment of your dream house, try putting aside some additional cash every month. This will help you in getting an idea about how things will be money wise when you start paying those EMIs.

By exercising all these above mentioned easy methods, you will soon be peacefully able to sip in a hot cuppa of tea while siting on the leather couch of your dream house.

Property Investment Hotspots in Pune.

Pune CITY.png


The city of Pune is not only jet-speeding itself on the path to great growth and nation wide accolades for the same, but it is also taking forward the outskirts of the city along with it on the development path. What was a few decades ago just a poor cousin of the commercial capital of the country, Mumbai, now has an identity of its own.

Pune has caught the eye of real estate builders by transforming itself into a well-organised industrial hub with ample opportunities for the youth of the country to grow and flourish. This development speed is being well-complemented by the many outskirts of the city which all have a character of their own and a great connectivity to the heart of the city.

Here’s a list of few of the outskirts which have a huge potential to grow and turn into a gold mine for real estate investors in the coming years.

1) Undri – Being extremely close to Pune Camp, the area is witnessing growth at a rapid pace and is becoming a hotbed for real estate investors. Being well connected to various key localities in Pune via various local and interstate highways and expressways while still retaining the charm of its serenity has worked wonders for the area and attracted people looking for a neighbourhood with the best of both city life and countryside. Further, Undri is a delight for a nature lover with its dense green cover protected by the Government regulations.

Current Price Range (Rs./Sq-ft)- 3, 935 -5,923

2) Ambegaon- For people still scouting for a place to live with the opportunities of the new Pune city but the charm and character of the old city, Ambegaon is the place for you to invest. Development in this area has taken place on land parcels, which have been held by land owners for a long period of time before being put on the market for development. For the hill lovers, Ambegaon has a great, serene view of the hills all because of its proximity to Katraj. The city is also connected to the inner city by the roadways and has a great advantage of being close to the Mumbai-Bangalore Bypass, hospitals and several educational institutions like NBN Sinhgad Technical Institute etc.

Current Price Range (Rs./Sq-ft)-3,729-6,103

3) Dhayari- Located near the Katraj-Dehu Road Bypass, Dhayari is some 13 kilometres away from the city of Pune. The area has been able to establish itself as a significant communication point between Sinhagad fort and Pune, all thanks to its location. Being well-connected to the city through the road, the area is attracting a huge percentage of IT professionals looking to settle in and around Pune for their careers but at a decent budget.

Current Price Range (Rs./Sq-ft)- 4,165-6,454

4) Loni Kalbhor- Located on the Pune – Solapur Highway as well as the main Pune – Secundarabad Railway, the area was for long a real estate gem in hiding. But, various real estate builders have now been successful in unveiling the great potential that the area holds whether it is for the professionals, the farming sector or the entertainment industry. The area has witnessed the shooting of various Bollywood movies because of the scenic beauty it has to offer. The Mula Mutha river passes close to the village.

Current Price Range (Rs./Sq-ft)- 2,754-4,061

5) Shirwal- Located between Satara and Pune, the village lies on the banks of river NIRA. The village which was earlier known just for its Shubhanmangal fort, has now developed itself into an industrial heaven. Most of the industries in Bhosari and PCMC MIDC are shifting their base to Shirwal due to the unavailability of land for future expansion. Further, DSK plans to invest some 300 crore over the next three years in a new manufacturing site at Shirwal.

Current Price Range (Rs./Sq-ft)- 2,344-3,085

Hence, if you’re a potential real estate buyer looking for investing in real estate in Pune that could earn you good returns in the coming years, all the areas mentioned above can prove to be great prospects.