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ICON Sanctuary

Life in Sarjapur

People are literally spoiled for choice when it comes to real estate; there are so many different builders and developers around the city all competing with each other. Bangalore city has grown tremendously in the last decade and is no longer a retirement hub but a place that is filled to the brim with endless possibilities on the job front and property options. Areas that were considered out of the city limits are now being considered city centre. Up until a few years ago nobody had heard of Sarjapur and thought it was on the outskirts but now with time and development this area has become an IT hub with many tech parks around.

Ease traffic – carpool or use cabs

The stretch from Sarjapur to the city either Koramangala or beyond has become busy with endless traffic jams especially during peak office hours. Carpooling isan option to ease traffic congestion which could be done with personal cars. The other option is using cabs. The radio boasts of cabs being available in Sarjapur and Whitefield area for just rupees 10 per kilometre and you could help ease traffic by doing this.

ICON SanctuaryICON Sanctuary (image)

If you’re one of those IT professionals working in one of the many IT parks and are looking for a place where you and your family can live together in harmony and peace, there’s just one place you should be looking at – ICON Sanctuary. The top notch property has various amenities and is your ideal dream home. Click here to learn more, http://bit.ly/1CZB9gp

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Housing for senior citizens-a huge opportunity for realtors-Icon Homz

Ask any retired person around the wish list for a post-retirement lifestyle and mostly likely he’d mention a quiet and secure neighbourhood, clean parks to take a stroll or relax, and company of similar age-group people amongst many others.

And, what about the lady who’s nearing the sunset years? Wouldn’t she also want to put up her feet and bid goodbye to several year- long slavery to the kitchen routine? That is in addition to all the above mentioned wish list, of course!

So, does that mean, all couples wish to move out of their current homes once they reach 60? Certainly not, however, there is a huge opportunity to create an atmosphere that contains all the elements of their wish list, so that, if and when the situation demands they are presented with beautiful options of owning a home that also doubles up as a serviced apartment for an affordable rate.

The stigma associated with retirement homes should be wiped off to look at it with a renewed and practical perspective. Careers these days take the children to other cities or countries and it is not always possible to stay with or close to the offspring. The older generation does not also want to completely uproot from the current setting as that has been their home/city/country for several decades now.

Realtors can lap up this opportunity to build senior citizen homes within cities itself so that there is no feeling of isolation or having to adjust to a new environment, city or climatic conditions. The homes need to come with large lung space, well-spaced out, ample provision for entertainment and self-contained for daily needs. Services like daily tiffin service or a canteen could be made available as a temporary or even permanent option. 24-hr medical aid must be provided.

The challenges are the affordability and able manpower for the upkeep and maintenance of the facilities needed. However, these can be overcome with little effort as the scale of scope definitely outweighs the barriers.

Icon Homz is a young entrepreneurship; our energetic and creative team creates beautiful homes in an affordable range. Visit our website www.iconhomz.com to know about our projects and be a part of our FB page https://www.facebook.com/iconhomz to get our latest updates.

How is the buyer impacted by the Real Estate Bill 2013

The real estate bill was approved by the Rajya Sabha early this June 2013. This bill has been welcomed by the buyer community since many of its provisions seem to be in favour of the buyer. Let us see what changes the bill seeks to bring in:

On the positive side,

Currently, there is no specific delay clause for the builder if he fails to deliver his project as per the schedule. This will change due to this bill as strict measures will be taken against those builders whose projects see a long delay in completion.

Often times we see that the amenities promised by the builder do not see the light of the day or they have a completely different face as opposed to what was promised in the brochures. With the regulatory bill, such things will be a matter of the past as the builders are mandated to stick with the original project plan and any deviation will attract a penalty and/or even imprisonment.

The hitherto ambiguous carpet area to SBA ratio will assume clarity with this bill since the builder will have to declare the actual carpet area at the time of the launch of the project itself.

Due to the bill, the buyers will now be assured of all the clearances needed for the project as it is now mandatory to get all the clearances approved before the commencement of the project.

It is a common practice among builders to rotate funds received from one project to be invested in other projects that are simultaneously going on. This will however be put in check by the bill provision that mandates builders to maintain separate accounts for each project and transfer 70% of the funds collected into the account.

Any structural defect has to be brought to the notice of the builder within a year of the project’s completion to ensure its rectification without any extra charge.

On the flip side,

The bill has exempted any previous projects from its ambit, thereby putting the recent buyers in the last 2 years at a disadvantageous position.

Also, the smaller builders do not come under the regulation Act which makes the bill a non-exhaustive one.

With sanctions from the government being a delayed affair, residential projects all over could see a delay in being launched.

Icon Homz is a young entrepreneurship; our energetic and creative team creates beautiful homes in an affordable range. Visit our website http://www.iconipl.com/ to know about our projects and be a part of our FB page https://www.facebook.com/iconshelters to get our latest updates.

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