The need for earthquake resistant building

Our country has a long history of earthquakes with high magnitudes that have caused massive, widespread damage in several areas. Earthquakes take away several lives and leave thousands of people injured especially due to collapsed buildings. Earthquakes are not just life threatening, they also cause several cracks and damages to many buildings and multi-storeyed apartments. These earthquake effects have called for the need of earthquake resistant building in the country.

The recent earthquake in Nepal with a magnitude of 7.9 on the Richter scale have collapsed several buildings in Nepal and caused damages to various building in many cities in India as well. These effects and previous earthquakes in India have urged builders to use earthquake resistant steel in building construction. Post several high magnitude earthquakes in India in the past, the Steel Authority of India (SAIL) have started to develop reinforced steel bars such as TMT bars, EQ 500, Fe 500, EQR and HCR. These sturdy and robust steel bars that meet all quality norms of government when used in building construction offer the building extra durability to withstand earthquakes.

Though only large construction projects and top builders of Mumbai and other cities use such high-quality steel bars for construction, small builders and individual home builders are still negligible to earthquake resistant steel bars.

Recently to make all top builders in Mumbai and other metros know the importance of earthquake resistant building, the first, Taylor Devices India, the Indian subsidiary of US-based Taylor Devices Inc. has launched certification for earthquake resistance buildings in India. The company will construct earthquake resistant building using shock absorbers inside the wall. These shock absorbers uses the aerospace technology to keep building stay stronger even during earthquakes of higher magnitude of up to 7.5 on the Richter scale.

The Taylor Devices India categorizes building into Category A, B C & D based on their resistance to earthquakes. While Category A and B building can stand up to higher magnitude earthquakes, Category C and D need structural repair to endure earthquake. This company will give Taylor Protected' and 'Taylor Earthquake Protection' brand certification to building that fall under Category A and B. This certification will now allow home buyers to know about the earthquake resistance of the building they are planning to buy.

Not just use of high-quality steels and shock absorbers can make a building structurally sound and robust, but it also requires application of various engineering technology while constructing. Certain skyscrapers are built on ball bearings, springs, and padded cylinders that absorbs shocks and keep the building stand still while the ground shakes. These springs and cylinders moves with the ground during an earthquake rather shaking the whole of the building. When a building is constructed on a correct, strong foundation, then it can endure earthquakes of smaller magnitude.

India being one of the countries that come under Seismic Zones III, IV & V. the need for earthquake resistant building have become very vital. Though constructing earthquake proof building require a lot of technology and huge expenses, it is highly necessary to keep people alive during those massive earth calamity.  At least the New projects in Mumbai and in other cities if India should use shock absorbers and high-quality steel for construction

Locations in Mumbai where you should look to invest

With the air of uncertainty that surrounded the property buyers of Mumbai most likely to clear off in the coming weeks, one can expect a mad rush to pick out the unsold apartments in the city. With so many options available, both under construction and completed, many are looking for advice on who should invest where for the best ROI (Return on Investment) possible.
The following localities have been shortlisted as good spots in Mumbai Real Estate for investment based on factors like demand, growth prospects and current price point.

Chembur
The central suburb region is one of the major spots for property investment and Chembur hogs the limelight here. The location, as the name suggests is bang right in the middle between Mumbai and Navi Mumbai making it the most lucrative of all the suburbs to invest in right now. If you manage to choose a place that is close to the Eastern and the Western Expressways, commute to and away from the city will never be an issue anymore. With loads of amenities and excellent infrastructure expect a minimum of 15% appreciation in value annually! Prices start at Rs. 16000 a sq ft.

Mulund
Situated right in the cusp of Thane and Navi Mumbai, Mulund is one of the better planned suburbs of Mumbai. It is also one of the rare suburbs in the country that has equally good commercialization of the property market as much as it has been shared for residential purposes. Relatively large projects can be found in Mulund and the infrastructure makes it a costly affair with prices going up to Rs 18,000 a square feet! Expect good appreciation in rates though with the airport coming up soon.

Kanjumarg
Moving away from the suburbs and into the heart of the city, Kanjumarg is the locality to watch out for when the fence sitters start punching the sack! It boasts of a prime location that gives easy access to all forms of transport, even the port, though many would not need it. But with industries in place, your property could very well be the golden fruit for some investor in the future making any investment in this region worth its weight in gold or even more!

Wadala
This area requires no introduction to Mumbaites or otherwise! Located bang in the center of the city, it attracts investors and home buyers like none other. The presence of educational institutions makes it a lucrative deal for families. One can also think of the prospect of renting out the place to the student community or to working professionals in the area. The inflation in land cost is also always on the higher side being the center of the city. Prices start at 19k and can go as far as 22k depending on the New projects in Mumbai and its amenities.

Bandra
Bandra does not need an explanation as to why it should be your investment. However, the eternal traffic jams and messy congestion during the monsoon might put off many! Appreciation can be however at the highest in all of MMR at over 100% perennially. Good luck finding Mumbai apartments though!

Perambur- Trending Property Investment Destination of Chennai

Located in North Chennai, Perambur is one of the emerging residential areas of the metropolis in recent times. The area is witnessing a huge a residential demand owing to its connectivity advantage and infrastructure. According to the real estate experts say that it is the best time to invest in Perambaur. As this area has close proximity to Chennai Central Railway Station, which is located just 4 km away. Alongside, Perambur has the advantage of good access to rail networks of the Chennai city. The neighbourhood areas include Kodungaiyur west and east.

Once been an underdeveloped area, Perambur has emerged as the most demanded residential areas due to the development of hospitals, schools, parks and commercial complexes etc. Following are the major reasons why Perambur is becoming the preferred destinations for property investment;

Multiple Property Options

As per the real estate sources, Perambur offers both commercial and residential options. Here the property buyers can find plots, individual houses, apartments and builder floor flats. The price of the properties in Perambur is ranging between Rs 4,500 to Rs 9,000 per sq ft. The price of a double bedroom apartments in Peramabur is ranging from Rs 25 lakhs to 75 lakhs. On the end, the price of a 3 bhk apartment starts from Rs.55 lakhs for a 1000 sq ft unit and goes above 1 core for a 1500 sq ft unit.

Connectivity

Perambur enjoys good connectivity through railway links, as it served by 3 railway stations namely Peramabur Loco Works, Perambur Carriage Works and Perambur. Apart from it, there is a frequent bus transportation facility for the residents to reach their desired destinations.

Infrastructure

Perambur offers all the essential facilities such as schools, banks, shopping malls, hospitals, banks and ATMS. Further, the proposed infrastructural developments are in the pipeline.

Thus, for those home buyers who are looking individual houses or apartments in Chennai for long term investment, Perambur could be their ideal choice.

1.5 BHK - Apartments for sale in Borivali West

Pee Dee rises to its stature as a monument by following similar principles and adorns itself with contemporary and minimalistic design guidelines. It is a fusion of simple geometric linear lines coupled with earthy colors reflected off glass and steel. Each user will find its aesthetics calming and will always be within reach of any functional requirement needed. Light and air are also in abundance and flow freely through the rooms. No Brokerage will be charged from buyer.

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North Chennai is the best place to buy a flat in Chennai

Villivakkam
To buy a flat in Chennai which is located in Villivakkam one would have to spend INR 5000 per square feet on average. Buyers are willing to spend anywhere between INR 30 to 40 lakhs on properties here. This is followed by the INR 20 to 30 lakhs range and the INR 40 to 50 lakhs range. Per square feet buyers are willing to spend an amount which is less than or equal to INR 2000. This is followed by the INR 4001 and 4500 per square range and the INR 3501 and 4000 per square feet range.
2 BHKs are the most preferred unit configuration in this micro market. 3 BHK apartments in Chennai which are situated in this locality come in second demand wise. This is followed by the 1 BHKs. The most sought after unit size for properties falls between 501 and 750 square feet. This is followed by the 751 and 1000 square feet range and the less than 500 square feet range.

Avadi
To buy a flat in Chennai which is located in Avadi one would have to spend INR 3400 per square feet on average. Buyers are willing to spend anywhere between INR 10 to 20 lakhs on properties here. This is followed by the INR 20 to 30 lakhs range and the INR 30 to 40 lakhs range. Per square feet buyers are willing to spend an amount which is less than or equal to INR 2000. This is followed by the INR 2001 and 2500 per square range and the INR 2501 and 3000 per square feet range.
2 BHKs are the most preferred unit configuration in this micro market. This is followed by the 1 BHKs. 3 BHK apartments in Chennai which are situated in this locality come in third demand wise. The most sought after unit size for properties falls between 751 and 1000 square feet. This is followed by the 501 and 750 square feet range and the less than 500 square feet range.

Ambattur
To buy a flat in Chennai which is located in Ambattur one would have to spend INR 4100 per square feet on average. Buyers are willing to spend anywhere between INR 20 to 30 lakhs on properties here. This is followed by the INR 10 to 20 lakhs range and the INR 30 to 40 lakhs range. Per square feet buyers are willing to spend an amount which is less than or equal to INR 2000. This is followed by the INR 3501 and 4000 per square range and the INR 3001 and 3500 per square feet range.
 
2 BHKs are the most preferred unit configuration in this micro market. This is followed by the 1 BHKs. 3 BHK apartments in Chennai which are situated in this locality come in third demand wise. The most sought after unit size for properties falls between 751 and 1000 square feet. This is followed by the 501 and 750 square feet range and the less than 500 square feet range.

Want to invest in the NCR region? Head to Gurgaon for its affordable prices

Situated about 32 kilometers away towards the south west region of New Delhi, Gurgaon is cited to be the industrial and financial hub of the NCR (National Capital Region). Being the city with the third highest per capital income in the country- Gurgaon is fast becoming one of the most sought after destination for realty investment. Currently bustling with a number of construction activities, the city is on its way to rapid urbanization. Despite being a city that is dealing with regular power cuts, Gurgaon is attracting many working professionals from neighbouring IT parks and automobile manufacturing units.

Local and national real estate developers are cashing on this growing demand and are purchasing land in large parcels to create extraordinary living spaces. While some players like Ambience are entering the market with a world class 150 acre project providing luxury homes, there are other small time builders that are coming with an array of 2 BHK flats in Gurgaon - meeting the needs and demands of the MIGs (Middle Income Group individuals).

Connectivity too has played a major role in flourishing the city’s realty sector. Various connectors like National Highway 8 help ease access to cities like Mumbai and Delhi. The Delhi connectivity is further improved via the Delhi metro and the Rapid metro. Private auto rickshaws and taxis ease intra-connectivity. The city is located very close to one of the busiest airports- the Indira Gandhi International Airport.

Being a city that is at its nascent stage of development, the city has an array of infrastructural projects in the pipeline. The biggest being the metro. CM Manohar Lal Khattar recently announced a metro connectivity linking Faridabad and Gurgaon. The work on this proposed project will commence soon. The project has already lured many investors and the property prices along the metro stations have already started to soar. Meeting the needs of MIGs, real estate developers are now coming up with an array of housing options ranging from mid-segmented apartments to premium projects that offer state of the art amenities and facilities. Local builders are also coming up with many 1 BHK flats in Gurgaon.

Some of the active neighbourhoods include Sectors 82 and 83. Sushant Lok and Sohna Road are other residential catchment areas that are dominated with many multistorey buildings. 2 BHK flats in Gurgaon especially in these localities fall under the uber luxurious segment. Capital values of homes in these regions have already witnessed an escalation of 8.30 percent in the past one year. According to current market trends, apartments here are estimated to to fall anywhere between the price bracket of Rs 11,500 and Rs 13,000 per square feet depending on the amenities and facilities offered by the builder.

If you are one of those who want to rent out spaces rather than own one, do not worry, Gurgaon has a lot to offer you. A number of flats in Gurgaon especially in vicinities like sectors 56, 57 and DLF City Phases are available withing the budget of Rs 10,000 and Rs 16,000 per month.

Why north Chennai is beckoning home buyers

Real estate in Chennai is on more of a solid ground than its other metropolitan counterparts with the exception of Bangalore. The realty sector here is sheltered to a certain degree from the vagaries that plague the other markets. The market is driven by end users rather than investors and this is one of the reasons why the market here has remained relatively stable if not profitable. This is not to say that there aren’t any pockets of profitable investments available in the city. They most certainly are there and these micro markets are mostly in the northern part of the city.

North Chennai was once considered to be a not so ideal option to live in. It was mostly made up of blue collar workers and their families. There was little to no infrastructure present here a few decades ago. This is true of both civic and social infrastructure. But things have rapidly started changing for this part of the city in the last decade or so. The boundaries of the city are expanding to accommodate the ever growing demand for housing and affordable housing at that. Hence the northern parts of the city have gained favour among builders and end users alike.

There is huge demand for apartments in Chennai which are located in the northern micro markets. The southern and central parts of Chennai which are well developed come with a price tag which is not affordable to the common man. There are new developments happening in these areas as land availability here is very minimal. Hence the micro markets present here don’t attract as much attention from property seekers.

North Chennai is a completely different story altogether. There are large parcels of land which are available for cheap rates. The infrastructure here though not on par with the well-established localities is improving at a rapid pace. The social fabric of the northern localities is also changing with malls, restaurants, theatres and ATMs coming up at a rapid pace here.
An infrastructure project which is sure to hike up the real estate value of a property for sale in Chennai located in this part of the city is the extension of the Chennai Metro Rail project to Thiruvottiyur. The central government has already given its nod for this extension. The extension will begin from Washermanpet to Thiruvottiyur and cover a distance of about 9 km.

This extension will be highly beneficial to those who are living in this part of the city. Any area which has good connectivity is bound to have real estate appreciation. Besides bring in this appreciation to the localities in the north, this extension will also ease the congestion being experienced here in the near future.

Apartments in Chennai which are located in areas such as Kolathur, Ambattur, Madhavaram, Perambur and Avadi have been appreciating at a steady pace over the past few years. One can easily pick up a individual house for sale in Chennai located in the northern localities for around INR 4000 per square feet on average.