Monday, 25 July 2016

The Pune Story – Pride, Power and Privilege

Every city has a story. And ours is a fairy tale!

No other city in India compares to the Pride, Power and Privilege of being Pune. As a real estate developer and a proud Punekar I have followed very closely the happy evolution of our city. And it gladdens my heart to see the stupendous speed at which Pune is growing. It is like someone pressed a button and we went from dial-up Internet to high speed Wi-Fi!

Clearly, a button wasn’t pressed. So what happened? How did good old Pensioners’ Paradise Pune metamorphose into PowerMax Pune?

A lot of things.

And it wasn’t just IT and manufacturing. The Pune Story goes beyond the obvious. Of course it is about the explosion of job opportunities and avenues for education. But there is so much more.
Not too many people know that Pune is the 7th largest metro city of India with the 6th highest per capita income in the country. Pune is the 5th safest city in India. Pune ranks 2nd GLOBALLY in attracting Tech Talent. It is also the 2nd most advanced city in India. Pune is the 4th best city in India for doing business; the 5th most attractive city in India; and ranks 2nd in India on the Overall Quality of Life. Pune, no surprises here, is home to the happiest Indians in the world!
And these happy Indians are scaling up in their capacity to buy. In 2015, Delhi ranked first in spending most on luxury brands, followed by Mumbai (2nd), Ahmedabad (3rd), Pune (4th) and Bangalore (5th).
Pune is an unbeatable combination of Defence, IT/ITeS, a robust Manufacturing sector, a forward-looking Automotive sector, Education, Pharma, and the huge employment opportunities that each one of these sectors brings.
And the people are loving it – a fact that is borne out by a simple statistic: while the national average for in-migration is 17%, Pune has a significantly higher in-migration at 35%! Pune’s population is all set to grow 40% year on year!

So where are all these new people going to live, work, play, grow? The answer is PMRDA – the Pune Metropolitan Regional Development Authority, which includes PMC, PCMC, Maval and parts of Haveli, Bhor, Daund, Shirur, Mulshi and Khed talukas of Pune district. Under PMRDA, Pune will extend over a whopping 7800 sq km. Significantly, MMRDA extends over only 4354 sq km – Pune, hold your breath, is set to be almost 2 times as large as Mumbai! When people migrated to Mumbai, Mumbai was caught unawares; which reflects clearly in the sad statistic that 70% of the people live in dilapidated and slum housing in Mumbai. Pune, on the other hand, will be well prepared, well planned, well structured. As the PM has said, the urbanisation of Pune is being looked at as an opportunity; we are all set to be a Smart City, which is going to invite more and more people to settle and prosper in pre-planned development!

This is a time of unprecedented growth and opportunities for all of us in Pune. The figures speak for themselves. The logic is just astoundingly simple – more and more people are coming to Pune; no one can stop this process of in-migration; the city is gearing up with PMRDA to accommodate the growing needs of this beautiful city. The time to believe in the Pune story is always now. I have yet to meet a person who looks back in satisfaction at a real estate purchase that s/he has NOT made. But I have met thousands of people who have said, “Kaash... maine uss samay khareed liya hota!”... “What a missed opportunity, I wish I had purchased it then!!!”

The Pune story is reaching its most exciting chapter.

It is our city. And it is in our hands to script for our beloved city a story of Pride, Power and Privilege.

- Atul Goel, MD - Goel Ganga Group

Thursday, 5 May 2016

Pune - An emerging metro and a culture of High Rise Living

Taking Pune to new Heights

The Manhattan skyline is perhaps the most iconic skyline in the world. Every cultural change, every economical change, every social change is expressed in the soaring stature of New York City’s skyline. There are more beautiful, well-designed, well-thought-of, gorgeous buildings in New York than ever before. And that is like a barometer reading of what is going on in the rest of the world.
At home, in Pune too, the skyline is beginning to change. For the better. What was once a landscape of low, squat structures; is now opening up to the possibilities of soaring elegance and grace. And the people of Pune are loving every new step being taken by the city to reach new heights.  
Technically, any building whose height is between 35 metres and 100 metres is known as a high rise building. High-rise buildings are environmental friendly, and not merely for the green space they allow. Systems like, water, heat, cooling, waste disposal, trash etc., are all more efficient when they are being managed in a smaller area. With the rapid growth of population in urban communities, increasing pressure on availability of land, expensive land prices, and the high cost of setting up infrastructure in new cities, high-rise buildings are the way to go for fast growing cities like Pune.

And then there is the sheer human factor – the ancient desire to touch the sky, to soar towards the stars, to rise above the ordinary. Rapid strides have been made in the technology used for high-rise structures. With excellent innovations in structural systems, it is now easier than ever before to deliver aesthetically pleasing, cost efficient, energy efficient, high-rise buildings... all in record time.

What this means for the buyer is that there is now the opportunity to live the life of his / her dreams in the city of his choice, inside of his / her budget!
With stringent regulations now applicable to the construction of high-rise buildings, occupants get the benefit of living in a space that conforms to eco-friendly design standards. All high-rise buildings offer residents use of renewable energies, use of eco-friendly construction materials, water rationalization inside the building, improved air quality inside the building, proper lighting inside the building, excellent acoustic design, advanced building security and environmentally compatible architectural style.
At the Goel Ganga Group, we are at the forefront of creating this revolution in Pune’s skyline and offering the residents of Pune the opportunity to live a truly global life. The global trend is that high-rise buildings are situated in prime locations. And that is what we offer to Pune – world-class living in high-rise buildings that are a reflection of their aspirations, ambitions and stature.
Our locations are such that they give residents walking access to great restaurants, multiplexes, shopping destinations, public transportation and possibly their place of employment. Pune is fast emerging as a future-ready city. And its citizens are all set to be future ready too. All that is missing is a place for these high-flying citizens to call home. But with us leading the change, that too is changing. Fast.

Pune’s time to reach new heights has arrived. And we at the Goel Ganga Group welcome you to its most powerful symbol of change – life in High-Rise style!

Saturday, 12 March 2016

Why invest in Sinhagad Road?

Sinhagad Road is quickly rising to one of the most sought-after locations in Pune. It has everything going for it, development, connectivity and influx. With commercial complexes coming up all over the area and many brands making Sinhagad Road their home, it is the perfect place to invest in. Especially considering the fact that it has only now started to really rise and come to people’s attention.

It is located in the North-West part of Pune with good roads connecting it to the Mumbai-Bangalore highway and the IT hubs of Hinjewadi and Baner. It is also directly connected to Kothrud, a well-developed suburb that is a residential hub. This kind of connectivity attracts out-of-town IT professionals looking for spaces to rent, making it a good option for a second home investment as well. . The PCMC buses are also frequent in the area, improving connectivity. Nanded City is also extremely close to Sinhagad Road.

The infrastructure in the area is advanced with concrete roads and new buildings. Many brands have rented commercial spaces in the area, making it a quickly developing area with great scope for more. Sinhagad Road is also experienced great capital appreciation in the last few years and is only set for more such growth. The time to invest is now!

Various institutes such as the Sinhagad Institute of Management, Sinhagad Institute of Technology and others have also been set up. Schools like St. Xavier’s School, Vidyapratisan Public School and Spring Dale Public School are also in the area. In addition to attracting students from out of state, families residing in the area do not have to look far for a school for their children. 

Saturday, 5 March 2016

Vastu Tips for your Kitchen

Vastu Shastra is an ancient science of architecture that is practiced widely to ensure happiness and prosperity. Today, many houses are designed in keeping with the principles of this science. The kitchen of a house is by far the most important part of the house because it is the source of health, sustenance and happiness for the people in the house. 
There are a few tips that can be followed while setting up the kitchen:

1.       The gas stove should be placed in the south-eastern part of the house, to ensure that the person cooking is facing the east.

2.       The sink and taps should be in the north-eastern corner, away from the gas as fire and water are opposing elements. Water flow should be from the south-west to the north-east.

3.       The refrigerator should be kept in facing the south-west, a foot away from the corners. Do not place it facing the north-east of the kitchen.

4.       Place all electronic appliances such as toasters, microwave ovens, etc facing the south-east of the kitchen. Avoid placing these items facing the north-east direction.

5.       Place your water containers like your water filter, bottles, pots, etc facing the north-east direction.

6.       Use vibrant colours in the kitchen, like green, yellow and red.

7.       Do not place your dining table in the centre of the room, instead place it facing the north-west.

8.       The geyser should be installed facing the south-east.

9.       Food items such as grains, rice, dal, etc. should not be kept on the northern or eastern walls, but on the southern and western walls.

10.   Place your dishwasher so that it is facing the north west of the kitchen.

Saturday, 27 February 2016

Decorating Entryways 101

It is very easy to forget the entry foyer in the decorating scheme of things. That being said, too often people stuff pieces that don't fit in anywhere else in the entry passage. People forget that it is the first glimpse of their home not just for themselves but for visitors too and everybody knows that the first impression is the best and most lasting impression. It is very simple to beautify your foyer and ensure that it exudes positive energy. Here's how you do it:

1. Do not crowd the foyer and the subsequent passage with too much furniture. Whatever is placed in this space can and should be used, both decoratively and for storage.

2. Use a simple rug with a linear pattern right from the doorstep to give an impression of space and to pretty up the passageway.

3. Use hooks to maximum effect for coats, keys and bags.

4. The racks that are in the hallway can be used to hold potted flowers, plants or small accessories. Potpourri in bowls is a nice way to ensure the entrance is smelling fresh and welcoming!

5. A mirror or two gives the same affect as the linear rug, in the impression of space.

6. Use bright, bold shades in the entryway to create the perfect first impression

7. Make sure that this space is well-lit. A poorly-lit entryway does not look or feel good.

8. Place all furniture to one side, to give a more spacious feel to your foyer.

Saturday, 20 February 2016

House Cleaning Tips

Every household has problems with stains that don’t go, odours that stick around and many others. There are various methods one can use to remove stains and keep your house smelling and looking fresh!

1.       Keep a bowl of coffee powder in the fridge to ensure that your fridge always smells fresh! Be sure to replace the bowl every two months.

2.       Use newspaper to clean windows to ensure that there are no water marks or tracks left on the glass.

3.       To clean your sponges, rinse and squeeze out the water, before putting it in the microwave to burn away bacteria.

4.       To remove hardened dirt from your microwave, put in a bowl with freshly squeezed lemon juice along with two halves of lemon, to make it easier to clean as well as to ensure that the oven smells fresh.

5.       If your copper utensils have scratches, remove them by using a combination of vinegar and three spoons of salt.

6.       Clean your taps and showerheads by wrapping them in a cloth dipped in vinegar. Keep the cloth in place with rubberbands or a hair clip.

7.       Remove mold and dirt from your bathroom tiles by using a combination of lemon juice and baking powder. Leave it on for a few hours before rinsing.

8.       Use vinegar to clean stainless steel fixtures and utensils to make them shine as good as new.

9.       Use hairspray to remove marker pen marks from the walls and toothpaste to remove crayon marks.

10.   Put a pillow cover over blades of your fans and switch it on to remove dust.

Saturday, 13 February 2016

All you need to know about Home Loans – Part 2

Today’s blog post continues from last week’s post about important terms with regards to home loans.

Interest can be of two types:

Fixed Rate Loans – A fixed rate loan is one with a rate of interest that is fixed for either a part of the tenure of the loan or the entire duration of the loan. When it is fixed for the entire loan, it is called a pure fixed loan. The EMI for whatever duration is fixed and unaffected by market rates. For interest rates that are fixed for only a part of the tenure of the loan, banks introduce a reset clause after reviewing the rate at the end of the fixed time period. The bank could increase or decrease the interest rate after considering the rates in the market. So, when it is only for a short period, it is not really fixed, in the exact sense of the word.

Floating Rate Loans – A floating rate loan is one where the interest rate is never fixed at any point throughout the tenure of the loan. This rate depends on the base rate, which is the minimum rate set by the Reserve Bank of India below which banks are not allowed to lend to its customers, along with the spread which is the difference in borrowing and lending rates of financial institutions in nominal terms The EMI is decided by the based on the tenure and constantly adjusted according to the market.

Amortization Schedule
The table which details the principal and interest on a loan at any point in time is called the Amortization Schedule.

Pre – EMI

Pre-EMI refers to the interest on the disbursed loan amount that is paid before the rest of the regular EMI payments. This system is used when getting a loan for a property that is under construction. You will be given an option to pay a Pre-EMI which lowers the amount of each regular EMI payment or regular full EMI payments. Regular EMI payments in this case with a property under construction will have interest that is calculated based on the loan amount disbursed to the builder, with the remaining amount counted as part of the principal. This is called EMI under construction, wherein EMI remains the same.