An Article About "Controlling Cracks in Concrete"

Monthly Magazine of Property Matter

This exercise requires attention at various stages of design and concrete construction.

It can be painful to see cracks in otherwise good structures. Cracks are quality control problems, regardless of whether they are superficial surface cracks or deep cracks that endanger water tightness and structural integrity. Controlling cracking requires attention at various stages of design and concrete construction. Cracking can be significantly reduced by considering the basic causes and by adopting preventive steps to control them.

There are several types of cracks:

Crazing

This is a system of shallow cracks, mostly resulting in cosmetic problems. They develop at early age. They manifest themselves when the concrete is drying after the surface had been wet. They can be treated with any good surface treatment method and do not cause any structural problems. They are rarely visible when treated properly.

Plastic Shrinkage Cracks

Water evaporates from the surface of any freshly made concrete. If the rate of evaporation is faster than the rate at which it is replaced by bleed water, the surface of concrete will shrink. They are caused by the shrinkage of drying surface on concrete that is restrained by wet concrete in the interior where shrinkage is absent. This action produces tensile stresses in the surface layer resulting in shallow cracks which are of varying depth and fairly wide at the surface.

The following factors contribute to excessive plastic shrinkage cracks:

• High water to cement ratio

• Over –vibration which brings too much of paste to the surface.

• Too much of floating or trowelling for finishing

• Sprinkling of dry cement on a finished surface to absorb bleed water

• Poor curing that permits rapid surface drying, especially in summer

Control measures to avoid this problem include use of lowest possible water-cement ratio consistent with workabilityrequirement, avoiding over-vibration and excessive floating before bleed water dries up and curing properly without allowing wet and dry spells on concrete surface.

Drying Shrinkage Cracks

In spite of considerable knowledge about the advantages of low water-cement ratio, almost all concrete is mixed with more water than what is needed for cement hydration. The excess water evaporates causing the concrete to shrink.

The restraint to shrinkage provided by reinforcement, sub-grade or other parts like re-entrant corners cause tensile stresses to develop in the hardened concrete. Restraint to drying shrinkage has been the most common cause of cracking. They are commonly visible in rectangular or square openings at the corners.

Proper mix proportioning with low water content and high aggregate content is the first defence against drying shrinkage cracks.

Control measures include provision of diagonal reinforcements near corners of the openings, installing control joints to allow propagation of cracks along the predetermined path, easing the stress concentration by providing a 45 degree splay at the re-entrant corners.

Welded wire fabric or small diametre wire meshes can be used to control shrinkage cracks. There should be enough concrete cover to protect these reinforcements from corrosion. Currently use of synthetic fibers is also advocated to control micro cracking.

Thermal Cracking

This type of cracking is usually a problem in mass concreting work. As the concrete sets the temperature rises due to heat of hydration. As the interior of concrete heats up and expands due to this, the surface cools due to drying and shrinks. This sets up thermal gradient between surface and interior. A temperature differential of 20 degrees centigrade is enough to cause cracking. However, within 24-hours of placement, concrete temperatures can reach anywhere from 10 to 25 degrees hotter than ambient temperatures

The width and depth of cracks depend on this gradient.

Adopting heat reducing admixtures and physically cooling the aggregates and adding ice instead of water are some of the measures, which can help in overcoming this problem.

Loss of  Support

Settling or wash out of soil below the sub-base can lead to cracking and eventual structural failure. This can also occur due to ineffective formwork or premature removal of formwork.

Using proper sub-grade preparation sub-basematerial with adequate moisture content will ensure prevention of cracking due to this cause.

Corrosion

When steel embedded in concrete corrodes, the rusted steel occupies a volume much larger than original volume of the rebar. This expansion causes tensile stresses, cracking and spalling.

Using good quality concrete with proper cover and properly placed consolidated, finished and cured concrete will ensure protection against corrosion. Any admixture containing calcium chloride should be avoided.

Alkali Aggregate Reaction

This reaction occurs with certain types of aggregates. The active mineral component of the aggregate reacts with alkali hydroxides in concrete. Two forms of reactions occur. Alkali silica reaction and alkali carbonate reaction. Due to this network of cracks appear and disrupt the structural integrity.

Freezing and Thawing

Due to the natural accumulation of water in the base and sub-base of pavements, the aggregate may become saturated. Then with freezing and thawing cycles, cracking of the concrete starts in the saturated aggregate at the bottom of the slab and progresses upward until it reaches the wearing surface.

Such cracking is usually visible at pavementjoints. This is more a problem in colder climates and is generally solved by the use of proper aggregates.

Unexpected cracking of concrete is a frequent cause of complaints. Cracking can be the result of one or a combination of factors described above. Cracking can be significantly reduced when the causes are taken into account and control measures are utilized.

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Legal Question and Answer,

Property Frequently Asked Question.

HOW TO SELECT FINANCIER TO PURCAHSE YOUR HOME

Monthly Magazine of Property Matter

 You need to bear in mind certain parameters while selecting your financier for purchase of house.  The parameters mentioned below are worth considering.:

1)   Type of product – Whether the financier is offering loan product to suit your requirements.

2)   Tenure - Whether the financier is offering the tenure of loan that you are look for.

3)   Rate of interest - This would depend on the type of rate of interest that you are looking for i.e. fixed floating or partly fixed and partly floating.  You must always compare the effective rate of interest after taking in to account all upfront fees etc., and the manner of interest calculation i.e. monthly reducing, annual reducing etc.

4)   Minimum loan amount- the minimum loan amount offered by a financier is important to find out if the financier can finance the amount you are looking for.

5)   Maximum loan amount- Most HFIs have an upper limits on the amount that they would finance you.  If you are looking for very huge amount, this could be a factor that needs to be considered.

6)   Minimum age of customer - you will have to consider this factor to see if your fit in to the age norms laid down by the HFI .

7)   Maximum age of customer - This would also form a parameter in your decision in deciding a HFI to finance the purchase of your house.  

8)   A minimum income-  The income norms of the HFI will be a relevant parameter that would affect your decision.

9)   Requirement of personal guarantors -Some HFI is insisted on a personal guarantor.  You need to check this out if you have any reservations about providing a guarantor.

10)               Requirementof co-owner - if you intended to buy your house along with a co owner you will have to check up whether the HFI accepts the relationship between you and the co owner.

11)               Requirementof co-applicant - as mentioned for co-owners, the HIF may also insist on certain relationship as  co applicant.  This needs to be checked up while deciding your financier.

12)               Prepaymentcharges- some HFIs charges certain prepayment charges when you decide to prepay your loan either in part or in full.

13)               Processingfees – HFIS charges certain fees as processing fees that you will need to pay at the time of submission of application.  Kindly check this out before selecting your financier.

14)               Administrative fees-  HFI s also charge administrative fees on the loan amount that has been approved by the HFI.   This would vary from one HFI to another.

15)               Credit documents - the type of credit documents that HFI s insist before approving your loan would differ from one HFI to another.

16)               Maximumage of property at the time of application – If you are buying a property on resale, this parameter would be an important factor as HFIs may have a limit on the age of the property at the time of disbursing the loan.

17)               Preapproved property list – Most HIFs have a pre-approved list of properties available for which the documentation would be simpler.

18)                Preapproved list of employees HFI s may have special rate, if you are an employee of one of its preferred list of employees.

19)               Preapproved builder list – HIFs may also have different norms or documentation if you are buying a property is any of their preapproved list.

20)               pre approved project list – HFIs as mentioned above for builders, may have separatescheme for certain projects.

21)               Pre approved profession list HFIs may have certain scheme to suit customers of certain professions.

The above mentioned are some of the parameters that you will need to look into before deciding your financier.  Getting a financier who would offer you the best in all of the above parameters is virtually impossible.  You would, therefore, need to identify your priorities and the check out as to which financial would give you the best option. 

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Bangalore development,

Town planning

An Article About "Planning Parking Slot for Buildings"

Monthly Magazine of Property Matter

Parking area is a small piece of land in which we park our vehicle and drive-way is the approach leading to this parking bay. Though every square foot counts in terms of money and the demand for built up space is high, lack of adequate parking space and turning radius is bad planning.

Whether it be a individual house, a small or largeapartment complex, corporate business house, a multi-building campus or public facilities such as airports or stations, a lot of thought needs to go into the design of parking facilities. Parking lots whether for  houses or office complex have to be designed not just for the present but with an eye on the future. Kerb side parking is also very important and an essential part of urban design.

We have to adopt different norms when designing parking lots for residences, small or large apartment complexes, offices, commercial establishments, shopping complexes, a combination of shops and residences, hospitality sector, public spaces such as airports, railway and bus stations and recreation zones, campuses and so on. Thus, parking space can be decided  depending on the nature of theactivity. Road landscaping, which includes kerb side parking and public parking facilities, will also have to be dealt with as this is the base for smooth flow of traffic.

Parking designs

International norms for parking suggest that small and medium cars require about 200 sq.ft. The turning radius for variouscategories of vehicles is also stipulated ranging from about 30 ft. to less than 500 ft. for large trailer trucks. These figures may not make much sense to the common man whose primary need is to comfortably drive his vehicle in and out of a parking lot whether it be in his home, office or public spaces.

When looking at parking for residences orapartments, the one norm to be strictly followed is that the gate must never open onto the road. When vehicles are jammed into small parking lots the gate will have to be opened outward to allow entry and exit and thus there is a major inconvenience. When designing the gate it is necessary to keep it to normal size about 8 ft. If the size of the gate cannot be widened to help easy turning it may be good idea to go in for a bell mouth at the entrance where a slightly inset gate will provide a wider entry point of about 11 ft.  to 13 ft.

Another point to be  noted is that one must provide parking space for owned vehicles inside one's compound and not to drive cars onto side walks or in front of your neighbour's house. The residents and associations must never compromise for squeezing into a single parking slot more than one vehicle even if it were just for the night.

Parking for apartments is either provided alongside the building and is uncovered, or takes the form of covered parking at basement or the ground floor levels. When looking at the parking lot of any apartment, the first thing one has to note is the approach from the road. It must neither be a steep climb nor a sharp descent. If the parking is below or above road level it is safe to have a gradual slope approach. If parking slots are between stilts one must make sure that the distance between the pillars is adequate to park and reverse a car without having to turn very sharply.

When parking lots are provided alongside buildings, what owners' should insist upon is that there must be enough space for free movement of another vehicle along side a parked one. In other words there should be a minimum 10ft. wide space between the parking slot and the building to allow vehicles to move around.

When designing parking for independent houses four factors come to play. These are the positions of the gate, the porch, the drive and a garage. These factors have to be studied and decided even as the design of the house is taking shape.

In the event of having a garage it needs to be located at the end of the drive and the drive design must allow room for reversing the car into or out of the garage. The option of securing the garage with shutters or leaving it open on the sides is an option depending more on the security aspect.

Also if the garage were to double as an extended attic, then it is necessary to provide space for washing of cars alongside the garage. The garage and the utility area need to have proper flooring that efficiently drains the water.

In small sized plots it may not be possible to accommodate a drive and a garage. Given the need to provide larger built-upspace for two cars and a gate or may be two gates that allow easy access and exiting, the only option available is to allow cars to be piled on one behind the other. In such cases one can bring in porches that could stretch across the entire parking area. These porches can be worked out further by providing an upper deck that can either be landscaped or used as living space or balconies.  It would  be good to avoid kerb wall level planter boxes as these may come in the way of reversing vehicles, especially larger ones.

As the plot grows in size the options in designing a drive that connects the porch to the gate and perhaps the garage are many. In most cases architects prefer a sweeping drive that curves into the porch as this is best suited for both access and reverse and also because this design, though simple, is the most aesthetic. Providing meandering pathways in the front lawn for which the drive would most often be the boundary can also complement it. Also in the event of more cars being parked at night, the curve in the drive will help easy reversing of vehicles even if there are vehicles parked all along the drive.

When choosing drive way material it would be a good option to go in for loose paving. This will allow good percolation of water and improve rain-harvesting. The interspersed grass would green the drive. Also individual stones that may be damaged or stained in course of time can be replaced.

Once we have decided to park the vehicles in the porch, we must decide on the size of the porch which may have to accommodate more than two cars. Such large porches need not just be a roof resting on four pillars but can be transformed into a garden in itself. Strategically located planter boxes, landscaped niches, alcove windows looking out into the lawn or small open-to-sky landscaped court yards make the porch something more than a bland parking bay.

The roof of the porch is also an integral part of design. The options range from deciding whether to go in for a concrete roof or a pergola. Another aspect of porch design would be the flooring material and we will have to keep in mind when choosing flooring material that it must be weather proof, stain proof and non-slippery.

It must also be kept in mind for houses spread over a large area that the children's play zone should be away from the drive, preferably on the other side of the house.

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E-COMMERCE TO BOOST REAL ESTATE

Monthly Magazine of Property Matter

The real estate industry in India is expected to benefit hugely by the rapidly growing e-commerce firms in the next seven years. India is expected to account for over 60 per cent or over one hundred million new e-commerce users according to Anshuman Magazine, chairman and managing director, CMD, CBRE South Asia Pvt. Ltd.

The e-commerce industry needs deliveryefficiency, inventory management, and freight-forwarding and this will be driving the need for experienced logistics operators in the region.

A significant share of this fresh foreign fund inflow of $3 billion that has come to Flipkart and freshinvestment by Amazon etc., is expected to get channelised into buildingwarehouses, expanding product line, upgrading and expanding supply chain, and possible acquisitions.

Amazon is already known to be planning to lease more than 1 million sq.ft of warehousing and logistics space by end-December, while Flipkart has reportedly leased around 500,000 sq.ft of space across the country, according to CBRE.

Global fashion apparel retailers, such as River Island, Dorothy Perkins, New Look, Blue Saint, and Vans, have entered into exclusive tie-ups with leading Indian online retailers for selling theirmerchandise, rather than setting up brick-and-mortar stores.

They are still testing the waters says CBRE so have left it to their retail partners to take care of the stocking and inventory. Going forward, one can only wait and watch for these developments to solidify in a more mature online retail environment said CBRE.

ANCIENT SCIENCE WITH MUCH TO OFFER

Monthly Magazine of Property Matter

    

Vaastu Shastra is the ancient Vedic science of architecture and building construction. This invaluable analysis on the possibilities of improvement in the quality of life of an individual by simply following certain well thought out architectural principles and laws of physics and the positioning of the Sun with respect to India which lies in the Northern Hemisphere, was co-authored by as many as 18 sages. The authors are sages Bhrugu, Arti, Vasistha, Purandar, Brahma, Kumara, Nandeesh, Shownak, Garga, Vasudeva, Aniruddha, Shukra and Bruhaspati.

More and more people, these days, are showing an increased interest in Vaastu Shaastra. As to the relevance of Vaastu Shastra, a lot has been said and written in its favor and also against it. The believers and followers of this ancient art of architecture are of the opinion that if the guidelines and instructions given by the Vaastu text are followed logically, using common sense in good measure, the desired results are bound to materialize. On the other hand, skeptics dismiss the entire concept as totally irrelevant and out of sync with modern times.

But, before an impression or view on subject matter is totally discarded, all the facts must be obtained. So, let us first explorethe basic concepts and instructions given in the Vaastu texts. At this juncture, we will only concentrate on the aspects of Vaastu Shastra that are still relevant and applicable to this day, without compromising on the desired result.

Although in recent times Vaastu Shastra hasgained popularity, it is still under a lot of scrutiny from skeptics and non believers. There is a lot of mis-understanding about the Vaastu text among the general public and professionals like Architects and Civil Engineers as well. This science has often been projected as a means to bring the house owner financial and related profit and prosperity. Though ultimately a person does benefit from the Vaastu wisdom, it is frequently labeled as superstition and blind faith.

It is ignorance on part of the people who are ready to discard Vaastu just because it is a scripture or for some other flimsy reason. It is sad that we tend to embrace all that is 'imported' or foreign made and look down upon the treasure of knowledge and wisdom that India has to offer.

Vaastu and  Geobiology :

 Let us first take a look at the concepts of Vaastu Shastra and how they affect us. Those who will only respond to scientific proof about the validity of Vaastu can verify the same by using the much tested, and successful modern science called “Geobiology”. Our ancestors created the forms and shapes described in the Vaastu texts which are in perfect harmony with the laws of nature and the 'Greater Creation' that surrounds us.

The nature and environment, all have both positive and negative effects on the subtle and complex Human Energy System. Grids of energy lines emanate from the surface of the Earth. Geobiology research has revealed that they have both positive and negative effects on the man made structures – houses and the general health. It is very important to understand the different types of energies that exist. At the micro level, like inside one's house, energies are being radiated constantly from electricity wires, television sets, microwave and numerous other sources that have tremendous effect on the human body.

The cell in the human body has a wavelength of 20-22 centimeters and all radiations having wavelengths less than 20 centimeters disturb and adversely affect the human body which can result in tumors, cancers, headaches, depression, etc. Research in the United States has proven that there is an undeniable link between tumors, cancers and other ailments and the close proximity of High Tension electrical lines in the residential areas.

Vaastu Shastra also helps in these cases and in making the house or building livable and free from negative energy force. Needless to say, a person opting for Vaastu based construction must have hispriorities in order and it must be clear to him why it is essential to adopt the Vaastu principles.

Vaastu Shastra also derives techniques and theories based upon the strong forces of nature; namely the five elements – Earth, Water, Wind, Fire and Sky. Vaastu guides us in the construction of ourhouses or commercial buildings in harmony with these energies so that they can generate a positive force field for the benefit of the dwellers or end-users. This will bring about an all-round feeling of peace and  tranquility.

The  Sun :

The Sun is the most important factor in VaastuShastra and a source of life on the earth. Its rays, light, and heat directly affect the life of all living things and is directly associated with the state of health of humans. The morning rays of the sun are considered beneficial and positive for the enhancement of human health.Whereas the afternoon rays are so harsh and harmful that you can actually get sick or affected by skin cancer or other ailments. So, the house should be built in such a way that the morning rays are absorbed and ventilation and the harmful, negative rays are blocked by the walls.

Water :

Water is another essential life saving element for human life and rightfully it has a lot of significance in Vaastu principles.

Wind / Air :

Air is a mixture of gases including oxygen, which is a life supporting element for all living organisms. Air or wind is theresult of change in pressure in the atmosphere. One can ascertain the direction of the wind by studying the atmospheric pressure changes. Accordingly you can decide the position of your windows or other forms of ventilation in the house to get maximum fresh air. In our country, the direction of southwest wind is taken into account as it is supposed to be most beneficial.

Earth :

As the earth slowly attained a solid form, originating from a fiery ball, it acquired certain magnetic properties as well. According to Vaastu Shastra, the magnetic north and south of the Earth with its positive and negative magnetic fields play a crucial role in our development and general well being.

We must sleep with our head on the north side, since our body is magnetized due to the quantity of iron present in our blood. This helps in achieving sound sleep.

Selection of  Plot / Land :

The first step like in any other property undertaking is to acquire a plot. While acquiring the plot, the guidelines issued by the Vaastu Shastra need to be strictly followed. The plot upon which the dwelling house is supposed to be constructed has to be rectangular in shape or if possible, a perfect square. For the rectangular plot, the length must not be 1.5 times the width.

The logic behind this is to reduce the wastageof plot area. Also, a plot must have roads on the north or east or both. There must not be any window on the west and south side of the House to avoid harsh sunlight. If there were to be any, it could be only be very minimum.

An open space is desirable for garden in the north and east of the house, which will provide ample shade from the sun and a cool environment much like nature's version of an air conditioner. Vaastu Shastra also recommends a roof that is sloping towards the north or east, which yet again is aimed at minimizing the vagaries of the summer sun. Since the roof is totally exposed and bears the brunt of the sun's heat this measure seems logical.

The highest structural component of the house should be at the southwest corner of the terrace from the overall radiation and direct heat of the sun thus giving the house a breezy atmosphere. For a plot, with roads on either the east or west (or both), the slope of the plot should be towards the road. This is to avoid stagnation of rainwater, drainage etc. in front of the house or even within the compound wall. Also, any excess water flow from the house itself will be led away from the house if this step is followed.  

Placement  of  rooms :

Vaastu Shastra lays a lot of emphasis on the orientation or the precise location of the various rooms of the house likebedrooms, kitchen, living rooms and so on. The main bedroom or the master bedroom should be positioned on the southwest corner of the house and it is  recommended that the walls here must be thicker than the others for better temperature control. In India, more precisely, the entire northern hemisphere, the sun moves a lot towards the south (dakshinayan) in winter and the orientation of the bedroom and the thick walls together provide for the much  needed  heat gain in winter. Conversely, in summer the sun moves towards the north (uttarayan) and the thick walls prevent the room from becoming hot and humid.

Counter-point:

All the various aspects discussed thus far are fine to some degree, but we need not subscribe to the vaastu concept just because it is projected as a very useful tool in alleviating your personal, emotional and  financial problems.

Vaastu Shastra also mentions in its expensive texts that if an individual does not adhere to the set rules and guidelines ofthe Vaastu Shastra, then bad things will happen to him personally and financially.

This may seem pompous or downright ridiculous, but even today there are certain self-proclaimed 'experts' of the vedic science who intimidate the gullible and 'god-fearing' by threatening in not-so-many words about the negative consequences of not following the Vaastu Shastra. These are matters of personal faith and understanding and definitely open to interpretation.

GOVT RELAXES LAND RULES FOR INDUSTRY

Monthly Magazine of Property Matter

In a decision expected to have farreaching consequences on industries, the cabinet chaired by chief minister Siddaramaiah on Monday gave the nod to simplify procedures related to land allotment.

The cabinet gave the green signal to amend Karnataka Land Reforms Act, 1961, and Karnataka Land Revenue Act, 1964, paving the way for elimination of stringent procedures for approval of government land for industries and educational institutions ,among others.

Real estate news

Under the current system, a non-agriculturist with over Rs 2 lakh as annual income cannot buy agriculture land. However,the cabinet, state high-level clearance committee (SHLCC) or single-window committee, under powers vested in it, can allot land to industrial and other purposes under section 109 of the Land Reforms Act.

Bangalore development

Once allotted under section 109, the allottees must approach the district deputy commissioner (DC) for land conversion under section 95 of the Karnataka Land Revenue Act, 1964. With the cabinet simplifying the procedure, this system of taking the DC’s permission for conversion has been done away with. 

Market value of the property

“When cabinet or SHLCC has approved land allotment, what is the necessity for the DC to give approval again? The government has simplified the procedure by relaxing rules,” a revenue department official told.

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Interior and  Exterior

Town planning

RISK ON PURCHASE OF REVENUE SITES

Monthly Magazine of Property Matter

Agricultural lands can not be used for residential functions, till such lands are born-again from agricultural to non-agricultural residential purpose. Special Deputy Commissioner is that the competent authority to order for such conversion when paying requisite conversion charges.

A website shaped on the agricultural land, while not conversion is named Revenue website. it's solely when conversion of the agricultural land, layout may be shaped. However, Layout should be approved solely by the competent authorities. BDA is that the competent authority to approve layouts shaped within the urban or rural areas in metropolis, whereas BMRDA will approve layouts shaped in outskirts of metropolis. However, to get approval for formation of layout, compliance of rules and laws contemplated by BDA or BMRDA relating to road breadth, residential district, civic and, different amenities square measure to be consummated.

Zonal laws:

As per zonal regulation of comprehensive development set up, bound extent of land are going to be thought-about as inexperienced belt space that should be used just for agricultural activities. Agricultural lands not born-again still be agricultural land and there square measure varied restrictions on sale and buy of such agricultural land.

Purchase of Revenue website :

There square measure several instances whereby individuals obtain revenue sites while not knowing the legal implications concerned in shopping for such sites. The intending purchasers most ordinarily approach middlemen or native brokers, who, with their selling skills persuade them to shop for such revenue sites, concealing the very important defects and flaws within the title of the owner. Ultimately, it's the innocent vendee World Health Organization faces the legal battles for safeguarding their property.

Acquisition and Granted Land:

Apart from the location being shaped on the agricultural land, there square measure many instances wherever the land would are notified for acquisition by bound statutory authorities or could even be land granted for schedule caste/schedule tribe. In square measure such circumstances, if sites square measure shaped on these lands while not getting previous approval from competent authorities, the vendee of such a website wouldn't get any valid title over the property. Infact, law stipulates that the lands granted to the schedule castes can revert back to the recipient himself if purchased in violation of bound obligatory provisions envisaged below the statute.

Form nine and kind ten:

Property falling below the village Panchayath space, that has been marked as Gramathana space within the Village Map by the Survey Department and having kind No.9 and ten square measure thought-about to possess real website standing. Form No.9 and10 is issued for the property coming back below Gramathana village Panchayath space. Further, although kind nos. nine & ten mention the location range and space in sq. feet, the initial records still determine the property by mentioning survey numbers and extent of the land in Acres and Guntas. In such a case, it might be terribly tough to spot the precise website, its space and limits and link it with kind no.9 & 10. side to the present, the middlemen, in connivance with a number of the revenue officers may involve in making counterfeit Forms Nos nine and ten and on the premise of such forms, properties square measure being sent in favour of innocent purchasers. it's not allowable below law to make layouts and sell the sites within the agricultural land or inexperienced belt space since even when conveyancing of such sites RTC (Record of Rights, residency and Crop Inspection) reflects the name of the initial landholder because the Kathedar. Loan facility If the title deeds don't seem to be clear and don't establish marketable title, it's terribly tough to get bank loans for construction by mortgage of such sites. Generally, these sites square measure settled on the town outskirts. Wherever infrastructure are going to be terribly poor with no correct roads, electricity or water.

Further, scope for improvement of infrastructure and providing civic amenities is additionally terribly less. In spite of these, if the vendee buys such sites, the initial landholder can seem out of thin air begin|and begin} cultivating the realm before long when the costs start rising high. The vendee can then notice it tough to spot his property since the boundaries prevailing at the time of buying the location would are removed. In such cases, the sole remedy obtainable for the aggrieved is to approach the court of law. Infact, solely a fraction of the deceived purchasers feel that the laws square measure useful below such circumstances.

Hence, it's judicious for the consumers to speculate their hard-earned cash on the sites within the layout that has been approved by the competent authorities and doesn't attract any violation of provision of law touching on Land Revenue Rules, Land Reforms Act or different relevant laws. AN seasoned advocate would offer higher steerage since the documents touching on the property would be diligently and completely scrutinized by him before advising the vendee to shop for the property while not involvement of any reasonably legal complications and to fullfill the dream to have a house become a reality.

CENTRE TO WOO REAL ESTATE FUNDS WITH TAX BENEFITS

Monthly Magazine of Property Matter

Government is expected to give tax benefits to listed Real Estate and Infrastructure Investment Trusts. According to sources any capital gains tax on units of InvITs would be levied only at the time of ultimate disposal of the units of the sponsor under the new norms.

But the sponsor would not be entitled the concessional Securities Transaction Tax-based capital gains tax regime at the time of ultimate disposal of the units of the business trust.

Real estate news

Any dividend would be tax exempt in the hands of the business trust and the dividend component of the income distributed by the business trust would also be exempt in the hands of unit holder.

The interest received by REITs or InvITs from portfolio SPV would be given a complete tax pass-through, while the portfolio SPV would also be exempted from withholding tax on interest paid to the business trust. The interest from portfolio SPV too would not be taxable in the hands of the business trust.

Legal Q and A

The proposed tax exemptions and benefits notwithstanding, these new investment instruments would be ‘revenue accretive’ for the government in the form of additional taxes.

Bangalore development

Government is expected to give tax benefits to listed Real Estate and Infrastructure Invest-ment Trusts. According to sources any capital gains tax on units of InvITs would be levied only at the time of ultimate disposal of the units of the sponsor under the new norms.

But the sponsor would not be entitled the concessional Securities Transaction Tax-based capital gains tax regime at the time of ultimate disposal of the units of the business trust.

Any dividend would be tax exempt in the hands of the business trust and the dividend component of the income distributed by the business trust would also be exempt in the hands of unit holder.

The interest received by REITs or InvITs from portfolio SPV would be given a complete tax pass-through, while the portfolio SPV would also be exempted from withholding tax on interest paid to the business trust. The interest from portfolio SPV too would not be taxable in the hands of the business trust.

The proposed tax exemptions and benefits notwithstanding, these new investment instruments would be ‘revenue accretive’ for the government in the form of additional taxes

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