Viraj Constructions

Home buyers prefer going for under-construction properties primarily for two reasons – first, these are more affordable than ready-to-move-in properties; and second, the satisfaction of entering into a brand-new house is immense. However, homebuyers are often left red-faced when developers delay project delivery owing to a number of causes. In many cases, developers cite the force majeure clause to win legal battles. In their excitement to complete the paperwork as soon as possible, buyers often overlook this crucial clause while entering into an agreement with developers. This clause, in fact, facilitates delayed possession.

Construction in areas between 20,000-50,000 square metre (sqm) will not require environment clearance from the government anymore, the Centre has said in a modified notification on the environment impact assessment (EIA). Under the existing rules, projects with a built-up area of up to 20,000 sqm do not have to apply for a green clearance.

MakaanIQ talks about the tax benefits you can avail of on a home loan.

Ancient architecture sciences of Feng Shui and Vastu are gaining popularity across the world. Originated in two different countries centuries apart, the two theories revolve around harmonising the environment through modifications in aspects of house design, construction, décor, etc. While the Chinese system of Feng Shui is more applicable for existing spaces, the principles of Indian system of Vastu can be applied before, during and after the construction of a building. By combining the two philosophical systems, one can get the best results while constructing homes.

Are you looking for a temporary housing option for a five- or six-month stay? It will be difficult for you to find a regular rented apartment for this short a time period as these are generally bound by a rent agreement, which requires a minimum stay of at least 11 months. So, what could be your options?