OUR BLOGS

cut2
Green Blog Image Alt

Green Buildings for Greener Tomorrow | Blog - Ritu Housing.

Sustainable development is something that can be tapped into and used for empowering modern societies without depleting our natural resources. But how many of us are willing to do so? Our cities are growing bigger and busier with every passing day. It is predicted that by 2050 an incredible 70% of the world’s population will move to urban areas. Conventional thinking tells us that if this happens, then pollution will grow and quality of life will suffer demands for energy, water, shelter, and transport. This means more increase in climate change and temperatures, as well as the risk of flood and drought, sounds daunting. Now, imagine an intimidating scenario where there exists an innovative, high tech urban city that feels like the countryside. Imagine an ecosystem where infrastructure and nature co-exist in harmony to create a cooler and more comfortable environment for us. Any construction done on this integrative concept is popularly known as a green building. This isn’t a fantasy theory or science fiction, this can be a way of life if we fervently tread on the path to these sustainability solutions; Constructing energy-efficient green buildings that involve using resources like water, electricity, and non-synthetic raw materials effectively cause less harm to the environment. Non-toxic materials like stone, wood, and such others could be used in the exteriors as well as the interiors of the building to not only add to the functionality but also to enhance the aesthetic appeal. The use of solar panels is growing. This is the best way to use the abundant solar energy for domestic and commercial purposes. With everyone spending more time at home, power bills are higher than ever. A solar system for the home can arrest the uncontrollable rise in your power bills. By 2025, the 2/3rd of the world is expected to face a water crisis. Having a mapped structure in the building for storing rainwater for later use is one of the best ways to curb the shortage of this resource. Every project should be built in a way that maximizes the use of sunlight thus, automatically resulting in reduced usage of artificial lights during the day. This will save energy and help in keeping the rooms warm and comfortable. The installation of the proper ventilation system strategically within the building will lead to the minimal usage of artificial heating and cooling systems. Thus, this helps in saving electricity and contribute to the environment better. The modern-day electrical appliances are designed keeping in mind the need to save energy. Hence, choose your lighting fixtures and appliances wisely. The Indian Green Building Council encourages builders for a sustainable built environment. IGBC certifies the green projects that are built based on certain mandatory requirements, which are non-negotiable. Such projects benefit both tangibly and intangibly in terms of energy and water-saving as well as improving the quality of life in the surrounding. The carbon footprint of an environment-friendly building is minimized through the simple construction hacks mentioned above. Given that city life has seen its temperature soaring in recent years, partly due to the decrease in greenery, the idea of the green building becomes even more urgent.

Know More
RERA blog-alt

All you Need to Know About RERA | Blog – Ritu Housing.

Quick Guide to Understanding RERA and Its Benefits for Buyers Investing in the real estate industry is no more a risky decision with RERA Act 2016. Real Estate Regulatory Authority (RERA) Act, passed in parliament and effective since May 2016 has brought transparency within the real estate services. The Act ensures to regulate the unorganized real estate sector in India facing serious frauds and irregularities by the developers across India. The Real Estate Regulatory Authority, of India framed strict provisions for the real estate and implemented it in all states. It has many serious provisions listed, some of the key ones are; RERA registration is obligatory for all builders, promoters, their projects, and brokers. All the residential and commercial projects larger than 500sqm, or eight apartments are to be registered with their state’s RERA before starting the project. Ongoing projects without Completion Certificates (CC), will have to file for registration within three months. The authority has to review the application within 30 days. If the registration request is accepted, the builders are asked to hand over all the relevant information about the project on RERA’s official website. No developer can deviate from the promises on submitted plans of construction, delivery, amenities, specifications, and facilities. RERA registered developer is required to update A to Z details of the project’s layout, finance, blueprint, and many other related documents that common home buyers can not even imagine. There is a penalty of 10 percent of the total project cost or imprisonment of up to three years is imposed if there is any failure in registering a project. Any real estate agency facilitating the sale of the construction projects, are also obligated to register themselves with RERA. Who benefits out of RERA? Undoubtedly, the BUYER The Act protects the interest of real estate buyers and to establish a mechanism for speedy redressal to disputes. Here listed some major benefits of the RERA Act for home buyers; All the project details, including layout plans, govt approvals, and completion schedules of the project can be easily accessed by the buyer on the RERA website. Any advance payment collected by the builder will be maintained in a separate bank account that is to be used only for the project’s construction. Any delay in project completion imposes a penalty on the developer. Buyers are entitled to buy properties based on the carpet area. The Act provides a defect liability clause of 5 years. Any grievance/ complaint has to be resolved by the state’s RERA within 60 days. Non-registered projects cannot be offered for sale, booking, or promotion. As the Real Estate Regulatory Authority managed to define boundaries by laying down the do’s and don’t by the promoters and real estate agents, this helped in instilling buyer confidence. The real estate sector did feel the pinch in the initial months since the implementation of the RERA ACT, however, gradually the industry is seeing a huge surge in commercial and residential building sales.

Know More
covid-19-blog-image-1

What will happen to the Investments which are made in Real Estate during a lockdown?.

Is it the right time to invest in real estate? Will the real estate industry will bounce back after the lockdown the over? Let us know what will happen.

Know More
cut2
covid-19-blog-image

What are the far-reaching effects of the COVID-19 on the real estate sector?.

As we all the effects of the pandemic situation which has caused the entire world to quarantine or lockdown. What has this pandemic has caused an effect on real estate industry? Let’s have a look.

Know More