Green buildings a growing trend in Bangalore

BANGALORE: Karnataka is home to 41 green buildings, the fourth largest figure for any state in the country. Of them, 39 are in Bangalore.

Green buildings are fast catching the imagination of the people. Though the penetration level is just around 5%, the Indian Green Building Council (IGBC) is happy the residential sector is coming up with such buildings.

Going by industry prediction, the residential sector — both independent houses and residential apartments — are set to outnumber commercial buildings by 2030 in India.

Maharashtra tops the national figure with the highest number of green buildings, followed by the National Capital Region. Tamil Nadu holds third position.

According to figures with IGBC, there are 1,909 registered buildings in the country, of which 187 are in Karnataka.

What is a green building?

A green building is one which uses less water, optimizes energy efficiency, conserves natural resources, generates less waste and provides healthier spaces for occupants, as compared to a conventional building. A building is assessed based on its predicted performance over its entire lifecycle. The stages identified for evaluation are:

Pre-construction: Intra- and inter-site issues like proximity to public transport, type of soil, kind of land, location, flora and fauna before construction activity starts, natural landscape and features.

Planning and construction: Issues of resource conservation and reduction in resource demand, resource utilization efficiency and recovery, reuse, and provisions for occupant health and well-being. Prime resources considered are land, water, energy, air and green cover.

Operation and maintenance: Of building systems and processes, monitoring and recording of energy consumption, occupants’ health and well-being and issues that affect the global and local environment.

How they are rated

The Leadership in Energy and Environmental Design (LEED India) Green Building Rating System is a nationally and internationally accepted benchmark for the design, construction and operation of high-performance green buildings.

Part of the Confederation of Indian Industries, IGBC Green Homes is the first rating program me developed exclusively for the residential sector. It is designed to rate new residential buildings — individual homes, high-rise apartments, gated communities, row houses — and existing residential buildings.

Builders have to register themselves for the green rating, once construction is complete. The project team then evaluates all the possible points under the rating system using a checklist.

GRIHA rating

Green Rating for Integrated Habitat Assessment (Griha) is the other popular system for evaluating green buildings.

Launched by The Energy and Resources Institute, it is suitable for all kinds of buildings in different climatic zones of the country. Griha has 300 projects registered with them in the country, of which 14 are in Karnataka.                                                                                                                                   source irn

Things an NRI should consider while investing in India

Things an NRI should consider while investing in India


If you are a non resident Indian (NRI) and you are looking to invest in Indian market, then there are a handful of things that you need to know before investing. Considering the downward journey of most of the developed economies in the past few years and the fact that Indian economy is en route to stability despite being marred by high inflation and interest rates, India emerges as an investment destination. India has managed to remain stable compared to other emerging economies and it is advisable that you can opt to invest more in your home country than the country where you work or staying at present.

Types of accounts
Before making any investments, you need to know the type of accounts you would be investing from. Being an NRI, ask yourself few questions before deciding upon the type of accounts – Does the fund in the account comprise of your salary? In which currency do you want to hold your account?

There are two types of NRI accounts:
(1) NRE account: In NRE account, your funds in foreign currency are converted into Indian rupees, at the rate prevailing at the time of transferring the funds from your account. The funds in NRE account are freely repatriated.
(2) NRO account: If you want to transfer Indian earnings through an account, then NRO account is suitable for you. You can deposit foreign currency in the account, too. The interest earned is subject to tax deduction at source at the rate of 30%. You cannot, however, repatriate funds in NRO account to abroad.
Assess each NRI investment avenue
First, you need to make up your mind as to where to make the investment. Investment decisions are not something which you impulsively take. Weigh each and every investment options before making the investment.
You can make direct investment into equities. Before investing into equities consider time horizon of investment and expected return as compared to risks being taken. Before investing in mutual funds, be sure to know all the fund house rules. Real estate can be a good choice for your investment as high price appreciation on properties in major cities is an undoubted possibility.

Taxation
Regarding taxation, you need to know all the different rules pertaining to different sources of income. For any income that is received in or arises or accrues in India is taxable for an NRI. However, any income that is received in or arises or accrues outside India is not taxable.
In case of dividends declared by equity oriented funds, i.e. of the mutual funds you are investing, more than 65% of assets are invested in equities, then being an NRI investor, your income is not taxed. Similarly, dividends declared by debt-ridden mutual funds (where less than 65% assets are invested in equities) are also tax-free.

Any mutual funds unit, if held for less than a year, is called a short term capital asset. When you sell units in equity oriented mutual fund are sold (redeemed) within one year of being held, then you incur either short term gains or loss. The short term gains are taxed at 15% on gain. However, when you sell off debt ridden mutual fund within a year, then tax is levied under slab rules for individuals.
When units in equity oriented mutual fund are sold off after a duration of more than a year, then gain on such units redemption is tax free. In case you sell off debt ridden mutual funds after being held for more than a year, gains are taxable as long term capital gains.

source cf

1 BHK @13.9 lakh onwards

We feel pleasure in sharing details of new residential project at pre launch booking , 

Brookwoods located off Old Madras Road, Budhigere. The project is spread in 10.5 acres with a well planned 1 BHK Apartments and will have best of amenities and features like swimming pool, Tennis Court, Gardens, Tree Plaza and more.

Designed by renowned Architect Haafez Contractor, Brookwoods is a perfect culmination of living and value. Spacious balcony, lofts for storage and separate washbasin, bathroom and toilet are some of the significant features of the apartments.

We would like to inform you that, we have commenced the bookings and have introduced a limited period pre-launch offer


1 BED ROOM : 13.9 Lakhs onwards
Booking Amount : 1 Lakh

For further details and booking feel free to 
contact us 98440 11876 or

email us : nasir@mnrealestates.com
mnrealtors@gmail.com