Finland based Salusfin’s core team is made up of 7 former Nokia Mobile Phones employees working previously at Nokia Corporation. The sales teams have spread to 3 continents viz. America, Europe and Asia in just over 2 years’ time with Indian sales offices in both Bangalore and Chennai. The Salusfin solution brings Home Automation to the user’s pocket, with a great new Smart Phone application. Users can control their electrical appliances with one simple, affordable, wireless, and easy to install solution, from anywhere, at anytime using their Smart Phone. This solution offers the added comfort of Home Security, Lowering Energy Bills, and the Peace of Mind in allowing the users home to look after itself, making life easier and smarter. This solution is not only confined to homes but can be extended to small to medium business enterprises like Institutes, Commercial complexes, Hospitals etc. The Salusfin solution includes Video Cameras, Motion Sensors, Door and Window Sensors, Smart Sockets, Smoke and Carbon Monoxide Detectors, Sirens, and more. The cameras are quite portable and can be moved anywhere having night visibility feature. The sensors keeps us alert by sending alarms to our smart phone on sensing any disturbance based on human movement. The smart socket allows users to operate their electrical appliances using the smartphone from anywhere. Smoke detectors gives immediate indication for any fire leakage. Sirens create huge noise caused as per user requirement because of any mentioned disturbances. Timer feature is also available for scheduling the activities of smart socket. The application also provides awareness of energy consumption and additional options in automating energy consumption tasks to help you save money. Moreover it not only allows the users to look after itself for keeping up with things but also helps Security agencies like Police Dept., security personals to control crime and illegal activities and easing the fast pace of life, making our life easier, smarter and safer. For more information please visit our website http://www.salusfin.com
Owning a house and finally moving out of the rented apartment bracket is a dream cherished by millions of Indians. However, buying a house is much more than securing a home loan. Some impetuous young people make reckless decisions while planning a home buy, and end up with the loose end of the stick. Yet others do not factor in the possibility of exigencies and unforeseen events that may pose a hurdle to their goal of repaying the loan.
When you decide on buying a home, make sure you know the long-term implications of your move and your calculations about your long-term liability are right.
Make your calculations: What kind of home you can buy, which area you can afford, whether you can afford one right now or not depends on a number of factors. Any salaried person has to first take account of his total income, basic monthly expenses, and the amount of installments one can afford. How much a person can save depends on how much you are earning, and your overall financial condition? A person earning 50,000, and bearing the responsibility of a few family members may not be able to save much for repaying a home loan; on the other hand a person earning 30,000, and living with his/her parents (without himself paying lodging rent) with no major expenditure other than travel and luxury, can still afford to set aside a part of his/her regular income to repayment of home loan. Similarly, a couple with two incomes who together decide to buy a home will also be better placed to repay the home loan. Also important is to ascertain the condition in your industry and job. If you feel your industry is in a volatile phase, with increasing pink slips, and a possibility that you might lose your job in the near future, do not acquire a major loan repayment liability in such a situation. If you plan to have kids, their education, insurance premium, and all other liabilities you will acquire have to be taken into account.
This is very basic calculation which an individual must be able to do before going for a house loan. A rough calculation also makes it easier to plan your expenses well, and think about the long term.
Consolidation of Loans: Often when many people decide to buy a home, they are already having another liability. For example an auto loan, which would now run parallel to the home loan. To be able to take up an EMI of around Rs 60,000 a month, a person should have a net income of at least 1 lakh. However, if a car loan is also being repaid at the same time, finances could be disturbed. Together, the home loan and the auto loan would end up eating up to 70 per cent of the income. In such circumstances, consolidation of loans is a good option. Nobody likes to pay two EMIs simultaneously, a loan consolidation reduces the amount payable per month resulting in a single monthly payment instead of multiple payments.
By consolidating auto loan and home loan, we not only reduces the installments per month but also reduces the rate of interest as compared to what you would be paying on multiple repayments. This will technically save you some money.
Repay a lump some amount every few years: The longer the loan repayment lasts, the higher the rate of interest you have to pay. Always plan to save some money every few years or scout for additional income options when you apply for a home loan. Let’s assume for example that you are planning a loan repayment of 20 years; saving and repaying a decent lump some every five years, would reduce the rate of interest for you and help you settle the loan earlier than the 20 year planned tenure. If needed, cut down on some frivolous expenses for a few years that may help you save extra money.
Average home loan tenure of Indians is approximately 7 years. This shows Indians usually do not go for long term tenures because longer the tenure higher the rate of interest you pay.
Have contingency funds:
Unforeseen events and exigencies can happen to anybody. One needs to be very careful and tread with a planning or Plan B. Some people buy a house, and do not immediately realize the liabilities it will bring. They end up forfeiting the buy, and this harms their credit score.
You need to be very careful about not defaulting on any payments; work upon your transactions diligently, credit score plays an important role in terms of helping you get a loan.
Sometimes an unfortunate event may cause a person to lose his/her job. Therefore, it is always advisable to have 3-4 months of EMI in hand so that you do not default and are able to maintain your credit rating, even as you search for another job. In such circumstances, emergency funds come in handy. These emergency funds can come in the form of life insurance deposits, FDs, or mutual funds that you have invested in.
Bangalore, June 26, 2015: Premier real estate development company Brigade Group was selected as one of Bangalore Hot 50 Brands at The Bangalore Brand Summit held recently. The company has received this recognition for the second year in a row. Brigade Group won the award in the Large Organisations category.
Commenting on the recognition, Mr M.R. Jaishankar, Chairman and Managing Director, Brigade Group, said, “It is a great honour for us to be recognised as a Bangalore Hot Brand. I am delighted that we have won this award for the second successive year. It is a testimony of our commitment to our core values of Quality and customer centricity.”
The Bangalore Brand Summit
The Bangalore Brand Summit is organised by Paul Writer, India’s biggest community of marketers that brings together the city’s top brand-owners and senior executives to discuss trends, debate ideas, and share knowledge. Award winners were selected by a mix of popular voting and on parameters like Growth, Mindshare, Uniqueness and Innovation.
For more information on Brigade Group visit www.BrigadeGroup.com
Birla Homes follows brand alliances model for residential realty, announces Birla Apple Spire luxury homes on Mysore Road
Bangalore, June 24, 2015: Birla Financial Services Private Limited (BFSI), a fully owned subsidiary of Yash Birla Group has launched Birla Homes. With this launch the company has announced its foray into the real estate market in Bangalore through the strategic Brand Alliances model.
Commenting on the launch of the new subsidiary, Mr. Manoj Singh, Managing Director, Birla Homes, said, “Birla Homes is an effort to provide affordable and elegant housing options to the masses in a market where houses are overpriced we are bringing luxury budgeted homes. Being an institution backed by professionals, market researchers, and capacity to deliver on time, financial leverage, supply chain optimization and mainly the desire to create quality, value-added homes to the communities across India. We are driven by this innate desire to create niche housing nationwide.”
The Brand Alliances
For its real estate venture, Birla Homes will get into strategic business alliances with real estate developers, builders or land aggregators. According to Mr. Singh, as Birla Homes is a part of Yash Birla group and the company will provide them the well established brand name of “Birla”. The group is a well-known brand across India and we believe that our brands will bring an additional mileage and support that is required for accomplishment of our goal and that of our business associates and partners”.
Birla Homes will also “evaluate the business plans of their associated business partners and understand their requirements and financial parts. We will also work towards creating value for our associates, helping in building a brand for them and communicating it to the target segment,” he explained.
Birla Homes also announced the first of its strategic brand alliances with Bangalore-based developer Apple Spire Pvt Ltd. The company launched its first residential project, Birla Apple Spire, in Bangalore.
Residential project- Birla Apple Spire
Birla Apple Spire is a luxury residential project, which would offer 250 premier two bedroom and three bedroom apartments at Nayandahalli on Mysore Road. “Birla Apple Spire, which will be a stone’s throw away from the Nayandahalli Metro Station, comes with a helipad among other amenities. Another USP of our apartments is that there would be a servant’s room attached to each apartment.”
Providing enough daylight and breeze, the living room, common room and bedroom of all apartments would be connected to a balcony each.
BENGALURU, June 23, 2015 – A new survey of 2,000 buildings across India by Honeywell (NYSE: HON) and research-specialist IMRB International shows that government, building owners and service providers need to invest more in smart building technologies to better serve India’s rapidly urbanizing population and help create sustainable cities and infrastructure.
While the country’s airports and hotels are leading the way with smart building technologies, the survey found that in general the smartness of buildings in India is low.
The survey marks the debut of the new Honeywell Smart Building ScoreTM, a first-of-its-kind global tool that evaluates buildings based on each facility’s use of technologies to make the building green, safe, and productive – three key aspects of smart buildings. The survey findings were accompanied by a white paper from Honeywell and Ernst and Young, “Smart Buildings Make Smart Cities,” which details how targeted investment in smart buildings can be used to drive economic and environmental benefits, protect human life and building assets, and support India’s goal to develop 100 Smart Cities. Honeywell leaders presented the findings at an event including government dignitaries and public policy experts, building owners, architects, and building consultants.
“The Indian government’s 100 Smart Cities plan is a forward-looking initiative that aims to improve quality of life and make the country a smarter place to live. We are pleased that Honeywell is taking an active role in this Smart Cities project through its Smart Building Score,” said U.S. Ambassador Richard Verma, speaking at the event.
“Implementing smart building solutions can make facilities more connected and adaptive, reduce energy and operating costs, and improve the safety and quality of life for occupants and users,” said Alex Ismail, President and CEO of Honeywell Automation and Control Solutions. “The Honeywell Smart Building ScoreTM makes it simple and easy for building owners and facility managers to identify the right technologies to make their buildings greener, safer, and more productive. Although we have applied the Honeywell Smart Building ScoreTM first in India, we are planning similar initiatives around the world.”
The 2,000 buildings participating in the survey covered 10 key building verticals: airports, hotels, hospitals, private offices, retail, surface transport, government offices, education and social spaces, public services, and residential. These buildings are located in Ahmedabad, Bangalore, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai, and Pune.
Among the key findings of the survey:
· In general, the smartness of buildings in India is low. On a scale of 1 to 100, the national average Honeywell Smart Building ScoreTM for these buildings is only 33.
· Airports and hotels in India have the smartest buildings overall (average Smart Building Scores of 49 and 41, respectively).
· Scoring the lowest were buildings in the education (27) and residential (26) categories.
· Most buildings in the survey score highest on green elements (45), potentially reflecting the focus on sustainability from leading global and Indian rating agencies, as well as government incentives to improve building sustainability and energy efficiency.
· Safety scores of buildings on average were very low, at 21, highlighting potential risks and the need for greater investments in safety and security solutions.
· The lowest rated aspect of buildings in the survey was the safety and personal protection of workers who service and maintain these buildings, at 8.
· Both private (34) and public (29) buildings have similar overall scores, indicating opportunities and needs exist for both sectors.
· Bangalore has invested the most in smart buildings (57%), potentially owing to newer construction, while Mumbai can do more (36%). These percentages denote asset capability only, and not asset coverage, or asset uptime.
· The survey points out significant differences between top- and low-scoring verticals. For example, while airports score 55 in safety, the education and social spaces as well as the residential verticals score 14. Similarly, public services, which includes police stations, fire stations, courts, passport offices, post offices, and prisons, have a safety score of only 18.
“India could save billions each year by incorporating modern technologies in buildings that drive green, safe, and productive outcomes,” said Anant Maheshwari, President, Honeywell India. “However, smart building technologies are still new to India and adopted primarily by large commercial buildings. With the promise of the Government of India’s 100 Smart Cities initiative, it was imperative to create a tool for assessing the smartness of buildings and establish an industry benchmark.”
The Honeywell Smart Building ScoreTM evaluates a building’s use of 15 technology asset groups that make a building green, safe, and productive, based on the systems’ overall capability, coverage of the facility, and uptime.
The green asset group includes a building’s use of natural resources, flexible heating and cooling systems, and control panels for monitoring energy consumption, all of which impact carbon emissions, a facility’s environmental footprint, and utility costs for the building occupant or user.
The safe category includes access control, surveillance and intrusion monitoring systems, fire and life safety systems, emergency communications, and health and safety systems.
In the productive category, technologies that help boost productivity include indoor air quality sensors, lighting systems, and communications and data infrastructure such as wired and wireless networks, and backup electricity systems for uninterrupted power.
VitrA, the leading bathroom solutions brand of Eczacıbaşı Building Products Division in Turkey introduces its latest Memoria Black series. The series is designed by the world renowned designer Christophe Pillet. A multidisciplinaire designer involved in many fields, from product and furniture designing, interior decoration and architecture to scenography and artistic direction, Christophe Pillet has gained international acclaim for the wide range for his exceptional work. With Memoria Black, the designer has returned to his outstanding Memoria series for VitrA.
Slim profile, gracefully angular forms and with a masterful play on nuances, the series’ components are complemented by smartly thought out details, adding up to an exclusive bathroom experience. A rich variety of modules in different sizes allows you to mix and match the units and position them any way you want which will help create your self designed bathroom.
The open shelf unit of Memoria Black smoothly revolves on its hinges to reveal a mirror on its back side. Tall and slender, the dual purpose unit cuts a contemporary figure in its tasteful combination of patterned oak and matte black. Wide full extension drawers provide ease of use and ample storage space.
The functional details add distinction to the series with a touch of advanced technology. The deluxe anti fog mirror is a fabulous convenience for personal care after a shower. The magnetically attached mini magnifier enhances the functionality of the deluxe basic mirror while concealed LED lighting behind the mirror brings an artful glow to its immediate surroundings. To quote Pillet, as a designer he seeks to express “simplicity, timelessness and a touch of distant elegance.
Bengaluru, 3rd June, 2015: Commune Properties India Pvt. Ltd a group company of Golden Gate Properties one of the leading real estate players today announced their expansion plans and the focus on the lucrative Branded Affordable Housing Segment in future. “Commune One “a gated community at Marasur, Electronic City, Bengaluru by Commune Properties India Pvt. Ltd marks the company’s foray into branded affordable homes segment. The project is designed to offer a perfect balance of space, comfort, luxury, location and affordability to the consumers.Commune Properties will deliver the best in class facilities along with high quality homes and amenities offering an array of homes ranging from one, two and three BHK apartments. Starting with Bengaluru the Commune Properties will spread its wings to Chennai and Mysore this year followed by launches in Hyderabad, Vijaywada, Vizag, Coimbatore and Mangalore by next year.
The Commune Properties offers standardized world class state-of-the-art facilities with 75% open spaces, Vastu compliant apartments with elegantly planned living rooms and well spaced bedrooms designed to make living comfortable. The project will have landscaped gardens, awe inspiring elevations and abundant Natural lighting making it an architectural marvel. The project also promises a comfortable lifestyle for its residents with a club house, a swimming pool, badminton court, a jogging track, skating ring, a practice cricket pitch, ample parking space and all the other amenities.
The Commune One will offer apartments ranging from 765 sft 1BHK unit to 1500 sft 3 BHK units. The project uses the Pre Cast Technologywhich enables high quality construction at a rapid speed and standardized quality. The project is located strategically and is well connected to the IT hub- The Electronic city and close to The Surya city, on exiting 100ft wide Chandupura- Anekal road surrounded by several residential projects.
Speaking on the occasion, Mr. Sheker Sundhara Rajan Vice President and Business head,Commune Properties India Pvt. Ltd., “The real estate sector in Bengaluru is poised for remarkable progress and development in it. At Commune, we are committed to innovate and provide our customers vibrant spaces for better living. Our multilevel quality checks and a well structured and motivated team works to bring a blend of aesthetics with modern novelties to make homes that reflect one’s lifestyle at an affordable price. It is our constant endeavour to strengthen our expertise & synergize our approach to deliver quality homes to meet customer expectations. Commune a group company of the Golden Gate Properties has been a pioneer in the real estate sector and has worked towards development of the sector in Bengaluru and have pioneered many innovations in the industry. The Commune Property at Electronic City is designed specially to enhance the living spaces and introduce Branded affordable luxury housing in the country . We at Commune Properties plan to standardize the construction processes and offer seamless housing solutions to the people across the country. The project is planned to provide the best facilities to the people combined with a perfect ambience and peaceful surroundings “
Adding to this, Mr. Sanjay Raj, Executive Director Commune Properties India Pvt. Ltd.,” We at Commune are committed to become one of the leading developer’s in India in the Branded Affordable Homes segment. The launch of Commune One is the first step in this direction. We plan to build 7000 plus apartments and will be looking at more than 12 Commune projects across the country . As a part of our first phase expansion the initial phase we will add approximate 10 more projects in Tier I & Tier II Southern cities and construct over 7 Lakh Sft of residential space . Besides Bengaluru, Commune will work on Chennai and Mysore this year and plans to launch projects in Hyderabad, Vijaywada, Vizag, Coimbatore and Mangalore next year.”
He said further,“With our expertise and the organization structure we are confident that Commune Properties will change the real estate landscape in the country . We hope to be a significant contributor to the “Mission Housing for All by 2022” envisioned by our Hon’ble Prime Minister through Commune Properties .”
Pergo is recognized around the world as a leading innovator of high quality laminated flooring brand. Pergo first introduced and invented laminate flooring 35 years ago and has been refining its exceptional qualities ever since. Now the world’s most preferred laminate flooring company unveils its latest Wood Parquet. Pergo has always aimed at making the best use of natural resources in its products, with the way natural resources are depleting; it is reassuring to know that Pergo, uses most part of recycled materials in its manufacturing of Wood Parquet flooring. Built for both living areas and commercial areas with normal wear, Pergo now launches Wood Parquet.
With the launch of Pergo Wood Parquet flooring, fourteen different designs with the new manufacturing technologies like Brushed Surface, Sawcut & Dutch Pattern designer look are introduced. Pergo Wood Parquet is easy to install and durable, which means it can withstand years of use and still look beautiful. The designs in this range are divided in 6 groups i.e. 2 decors in Svalbard, 2 decors in Gotland, 4 decors in Bornholm, 3 decors in Varmdo, 2 decors in Jomfruland and 1 decor in Dutch pattern.
“With Pergo Wood Parquet, you don’t have to worry about bothersome maintenance, the parquet flooring is easy to care. It is the perfect combination of beautiful design and performance to revamp a place with the finest flooring”. Pergo Wood Parquet is strikingly attractive flooring from a design point of view and a residential warranty on “the product against manufacturing defect and Perfect Fold TM 3.0 ” ; speaks for itself when it comes to the quality and durability of the collection. Commercial warranty on Perfect Fold 3.0TM is also available on request.
The high quality oiled and lacquered surface is factory-applied and with a special base treatment for a particularly natural radiance. It is the perfect combination of beautiful design and performance to revamp a place with the finest floor option”.Pergo, with this range have set themselves apart with the use of one more trade mark technologies which is Perfect Fold™ 3.Othat all in all making the Wood Parquet the perfect choice for our customers. Formats available in this range are: 2200 x 220 x 14 mm, 1820 x 190 x 14 mm, 1820 x 145 x 14 mm, 2200 x 190 x 14 mm.
Bengaluru, June 2, 2015: Bringing an assurance of recuperation Mantri S.E.V.A (Support and Encouraging Voluntary Action) in association with Building Bricks (BB) has addressed the needs of homeless Nepal earth quake victims need for shelter by delivering housing facility.
Snehal Mantri – Director Marketing & HR, Mantri Developers said, “We wanted to kick start this exercise on priority to provide shelter to the homeless as that is the first step to securing them physically and mentally. There is nothing worse than the roof over head blown away, as it is something that every human works hard to acquire. It is also a basic parameter for socio-economic equality in this world.”
As the Billion Bricks volunteers reached Nepal on May 10, they realised the extent of devastation as the KTM runaway was left in shambles. The very next day, just as they were settling in, tremors of terror returned, as a massive 7.4 scale earthquake renewed and amplified the horror and destruction with death and homelessness. Meanwhile, Mantri S.E.V.A and Billion Bricks have already been rigorously engaged in transporting 100 tents from Bengaluru, India to Kathmandu, Nepal.