Author: The Metrognome

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Use RERA to your advantage when buying a Mumbai home

The RERA is a veritable boon in the hands of flat buyers in Mumbai. We explain how it helps bring greater transparency in the flat-buying process.

The real estate sector in India has been seeing some curious trends in recent years. On the one hand, there is a constant refrain from buyers that realty is too expensive to invest in at the moment. On the other hand, the luxury housing sector continues to show stable growth! Amidst talks of a slowdown in Indian realty year upon year, came the ambitious RERA (Real Estate Regulation and development Act) that was promulgated all over the country in 2017.

The RERA was created to bring in greater transparency in the house purchase process for buyers. Using RERA helps buyers become privy to all the important information they must necessarily know – flat and real estate developer credentials, project timelines, construction progress, reasons for delay, etc. The RERA is aimed at helping buyers make well-informed decisions about buying Mumbai properties and investing in the right projects.

Are you a first time homebuyer looking to invest in an under-construction property? Here’s a lowdown on how RERA can help you pick the right flat for sale in Mumbai:

* RERA assures you that everything is laid out in black and white. The primary thrust of the RERA is complete transparency, which means that buyers must be privy to all the information they seek whenever they seek it. The Act has been worded to include every facet of the process, from initial construction to final handover of the completed Mumbai property. It also specifies the legal and construction standards that developers must uphold per project, starting with taking a RERA project number that must be clearly mentioned across advertisements, brochures, project plans, etc. This number helps buyers keep online and offline track of the project’s progress. Prior to starting the construction, the developer must give written specifications, include copies of municipal approval, land title and reservation, project timelines, etc. and adhere to the same or furnish written reasons for delays.

* New constructions are more professionally handled from now on. Since RERA specifies stiff legal penalties for inordinate and unexplained delays, developers are now more cautious about using their available funds and giving completion timelines. Smaller players in realty were earlier quite glib about several parameters, which led to delays, stoppages and huge losses for buyers. But the RERA weeds out the unscrupulous developers from the professional ones. Since real estate developers must specify problems and delays in writing, there is no scope for buyers to be left high and dry with stalled projects, or builders abruptly stopping their rent payments (in case of redevelopment projects), etc. Thus, developers are now more accountable for their projects, leading to faster completion.

* Projects are now securing funding much faster. Buyers are now confident about investing in 1 BHK flats in Mumbai, or luxury 2 BHK flats in Mumbai, since every new project must be licensed and approved by RERA. In turn, an approved project automatically increases its own chances of getting home loan funding. This is good news for those buyers who wish to secure home loans for buying flats for sale in Mumbai. Meanwhile, real estate developers are also able to secure funding to start and finish the construction when there is RERA certification for the project.

(Featured image courtesy https://blog.ipleaders.in/stalled-projects-rera/)

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Deal with it

Why go to China for a great wall?

The wall art you pick personifies you and by extension, your home. Here’s a handy guide to what’s new in the world of wall art.

The chicest homes are those that add deft touches to the décor such that each room and each element in it makes sense in conjunction with each other. A lot of this has to do with visual symmetry – and most of the flourishes you can adopt come from wall art.

Here’s taking a look at five of the hottest wall art trends you could consider for your home:

1 Geometric shapes. There’s something young and quirky about geometry, isn’t there? Imagine a framed wall art piece featuring nothing else but concentric circles, or a line of squares. Apart from lending quirk to the wall, the piece becomes a conversation starter (‘Oh, that’s…interesting,’ ‘Yes, we love having random triangles on the wall…’) and a focal point for the room. We suggest leaving the rest of the wall bare if you have a big bold geometric print up there – the print can get overpowered by competing patterns in the vicinity.

2 Bohemian designs. You might want a more free-flowing wall art to reflect the boundlessness of your own personality. Have you considered buying an unframed canvas with floral patterns, or wavy coloured lines or even the picture of a cute little girl clutching an even littler puppy? Bohemian chic was a major talking point last year, and we anticipate that the trend will continue this year.

3 Wallpapers. Before you cringe and say, ‘People are still doing wallpapers?’ you might consider that when we say wallpapers, we don’t mean the shiny ones with the cloying patterns on them. You can get wallpapers in a matte finish and you can also have them customised. Just imagine an awesome bedroom with all the walls papered to show floor to ceiling bookshelves. Or one wall that is a montage of your favourite family photographs.

4 Paintings against black walls. Most people wouldn’t paint their walls black, but then most people wouldn’t know the stark beauty that black walls provide. A matte black wall becomes the perfect backdrop for a brooding painting or even a cheerful photo frame. It lends an air of sophistication and mystery to the room, though you might consider painting just one wall black instead of all of them.

5 Stripes. Striped walls were a major trend about two years ago, but the style has now evolved to bold blockish stripes inside large framed wall art. You can break the pattern with a photo frame or a wall clock – this accentuates the stripes even more. Try this: create a pattern with stripes and intersperse with photo frames. This can become an interesting element in the living room. Plus, you can buy both the framed wall art and photo frames online at great prices.

(Featured image courtesy https://www.hipcouch.com/magazine/6-amazing-benefits-wall-art-home-interior-didnt-know)

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Kharcha paani

The main difference between richness and wealth

Being rich is great, but being wealthy has more enduring value. Let’s understand how to use insurance to move from being rich to being wealthy.

All of us dream of a stable life for ourselves, where there is enough money in our account to meet all our expenses. Some of us have a lot of money in our hands at intermittent points of time, but this does not mean that we are wealthy. Let us examine the difference between the two concepts:

Richness: It is a phase when one has a lot of money at one’s disposal. The money may appear suddenly as a result of an investment, a job completed or some other reason. However, it is transient in nature – it is apt to be spent quite quickly. It is a state in which a person may have money intermittently but not always.

Wealth: In contrast, the state of wealth is one in which a person may have a lot of reserves at their disposal over a longer period of time. It is said that the wealthiest people in the world are those that know how to make their money work for them even when they are asleep. True wealth is created when one does not need to work such that their effort results in money. Wealth can be created by taking one affirmative step and letting the investment work for itself.

A further proof of how wealth is created is given by an insurance investment option known as the ‘wealth plan’. This is an insurance plan that helps you create wealth over a period of time, such that your periodic investment is plugged into the right securities to give maximum returns.

Consider the following salient benefits of a good wealth insurance plan:

  • A high life coverage amount that is at least 30 times the annual premium paid.
  • The investment helps you fulfil your long term financial goals and also protects your loved ones’ future.
  • You can invest money monthly, quarterly or half yearly.
  • There are multiple fund options – debt, equity, balanced assets or more – as per your investment appetite.
  • There is the freedom to switch between different fund classes to maximise the returns.
  • You can partially withdraw funds against the investment after a certain number of years are complete.

The insurance plan may have a term starting from 15 years up to 40 years. The plan must include guaranteed loyalty additions, apart from a death benefit that equals the sum assured minus the withdrawals made (if any). The death benefit may also be calculated to the fund value, or it may be a sum equal to 105% of the premiums paid till the date of the policy holder’s demise.

Additionally, the policy holder gets higher coverage to 30 times the annual premium over a long term – thus it makes fiscal sense to remain invested in this plan for long.

(Featured image courtesy https://www.downtoearth.org.in/news/environment/education-health-help-the-most-in-wealth-creation-report-62394)

Categories
Beauty

5 steps to get ready for an office party

Office parties are great fun, and you look forward to the occasions every single year. But they also entail a fair bit of advance preparation and choosing the right outfit and accessories to go with it. It can become a challenge very quickly if you don’t follow the process in a methodical manner.

Here’s how you prep and dress for the work party:

#1 Decide on your clothes and makeup ASAP.

You’ve probably attended several office parties by now. The thumb rules of dressing up for them are never repeat an outfit, do not dress casual, and dress comfortably but stylishly. You may wear a daring dress and bold make-up, but steer clear of dress with short hems and low necklines. If you are unsatisfied with the clothes you have in your wardrobe, you should buy new party clothing, accompanying accessories and footwear right away. Don’t leave this for later – you will need fittings, probably some alterations, or even exchange a certain piece of clothing for a different size or colour, and so on. We recommend dresses that feature night colours, such as plum, indigo, maroon or violet, with shiny embellishment and a comfortable but chic fit. If you already have an outfit in mind, do buy footwear and other accessories to go with it.

#2 Perfume is key.

Apart from shopping for clothes, a clutch and shoes, you must invest in a new perfume for the party. An expensive perfume announces itself in the most amazing way, and everyone will take note of how wonderful your fragrance is and how it increases your style quotient. Pick a light and fresh fragrance that lasts long and lends just the required air of sophistication for your look at the party.

#3 Test your perfume at night.

Now that you have the best perfume you wanted, you need to test how it goes with your outfit and the time of night. The perfume must need only a light spritz – wear it and see how long it lasts before you need a refresh. This gives you an idea of how much perfume you will need to spritz on for the party. Do carry the bottle in your purse in case you need a refresh.

#4 Test your clothes, makeup and footwear.

Office parties are evening and night affairs. Do remember that there will be strobe lights, overhead spotlights and harsh lighting in some places and shadows in others. There will also be lots of photographs taken and posted on social media. Thus, your clothes, makeup and footwear should show you off to the best advantage. Do not wear nude or light makeup, but highlight your features in a slightly bolder fashion without going overboard. If you choose a dark lipstick, then keep the eye makeup simpler. Conversely, choose fresh pink lips with smoky eyes. Finish with mascara, a cheek tint and lip gloss.  

Now check your shoes. Walk around in them, especially if they are new, and keep them on for a couple of hours to see which parts of them don’t feel right. There will be dancing and staying on your feet for most of the evening, so choose comfortable shoes with a low heel and a sturdy sole.

#5 Prep your skin before you get into your clothing.

On the night of the party, cleanse your skin and take a shower to make yourself look petal fresh. Apply moisturiser all over the skin and start blow drying your hair. Once your hair is dry, style it into the hairdo you want and then prime your skin for makeup. Do your makeup under suitable lighting so you get it right the first time. Now wear deodorant, get into your clothes, spritz on your perfume, wear your shoes and get to the party looking fabulous like you always do.

Have any style tips to share? Tell us in the comments below.

(Featured image courtesy https://makeupandbeauty.com/office-party-dress-code/)

Categories
Kharcha paani

Claiming car insurance? Read this first!

Driving your own car is a dream come true – but it all quickly becomes a nightmare if your car meets with an accident or is damaged due to another vehicle or an act of nature. After being upset initially, you console yourself that you can get the repairs done using your car insurance. After all, that’s what it’s for, right?

Wrong. We outline 3 situations where you should NOT claim car insurance for damage repair, and why:

#1 If the repair costs are lower than your deductible(s).

As a car insurance user, you are aware that there is a certain component of the claim that you must voluntarily and mandatorily pay. This component is known as the ‘deductible’ and it varies from policy to policy. It is also computed based on the age of the car, the package of benefits added to the policy, etc. So if the cost of the repair is lower than the deductible, the insurance provider will not pay any money towards your claim because your deductible covers all of it. Thus, you end up paying out of pocket and raise a claim that is not even paid back to you.

#2 If you want to accumulate a good NCB (No Claim Bonus).

Every car insurance policy has an NCB that accumulates for every year that you do not file a claim for insurance. So if the repairs needed are minor, it is better to not file a claim at all and contribute towards the NCB. Suppose there is a dent on the passenger door or the mirrors need replacement and will cost only about Rs 3,000, you can pay the money out of your pocket instead of raising a claim and getting a reduced NCB.

#3 If a third party is willing to pay for damages.

You might be the safest driver on the road, but other drivers’ skills and safety measures cannot be spoken for. Some other vehicle might bump into yours and cause significant damage. If the other car owner is willing to pay for the damages (he or she will mostly do so from their own car insurance), then why raise a claim against your own policy?

We hope this article was useful to you. Do tell us your thoughts in the comments. If you want to know more information about how to enhance your car insurance with the right add-on covers, we recommend this article.

(Featured image courtesy https://voi.id/en/economy/204347)

Categories
Wellness

5 facts for menstrual cup beginners

Fed up of constant irritation ‘down there’ and sore skin arising from use of sanitary napkins, Aishwarya Chandra* (36) decided to ditch tampons and choose menstrual cups for her monthly cycle. The Mumbai-based copywriter says, “Even tampons are not without risks, though they didn’t cause rashes like pads. My doctor warned me not to keep one on for more than four hours. Plus, they are as polluting as sanitary pads.” Looking for yet more alternatives, Chandra stumbled upon the menstrual cup – and her periods have never been the same since.

“I love the convenience and how clean the period is with the cup,” says Renuka Sukhija (29), who has been using the cup for about five years now. “It’s cost-effective, requires a small space, can be used anywhere at any time, and ensures a happy, hassle-free period. But I struggled initially to get it right.”

If you’re about to use the menstrual cup or have just started using it and find it difficult to use, read on to know 5 things about it:

#1 The ‘punch down’ fold is the best. You cannot just insert the cup inside the body – it must be folded in a way that ensures the entire contraption is inside the body before it can open and complete the seal. There are about 10 known folds for the cup, but the ‘punch down’ or ‘diamond’ fold is the best for beginners. It has a point on one side which helps the cup enter the vaginal canal easily. Just make sure you hold the fold in place till you have inserted the cup fully, then rotate it so that it opens and locks the seal.

#2 A hard or semi-hard cup is best. Most women think they should choose a soft cup. After all, the vagina is a delicate organ and you don’t want to end up injuring yourself. However, it is a myth that a hard cup will cause injuries. The menstrual cup is made of medical grade silicone and a harder variant might not feel as comfortable going in as a soft cup, but it will open fully once inside. A soft cup, on the other hand, may not open fully. A cup that doesn’t open fully inside the body cannot complete its seal, and hence, cannot collect the blood properly.

#3 Be prepared to use a pad or liner as backup initially. It takes about three to five periods for most women to fully understand how to use the cup. Some women might get it right in the first period itself. But if you haven’t yet understood how to insert or remove it properly, continue practicing and also use sanitary pads or liners as a backup to catch any unexpected spills.

#4 Removing it is tricky at first. Most women are able to remove the cup easily by pinching its base and simply pulling it out of the body. However, others struggle to break the seal and might panic. In the worst case, you might need a gynaecologist to remove the cup from your body. But meanwhile, try and pass a stool or urine to relax the area. Next, reach in and hold the stem of the cup with the fingers of your left hand and use two fingers of your right hand to reach inside the body along the wall of the cup. When you reach the rim of the cup, press down on it firmly to break the seal. Now slide the cup out and empty it.

#5 Clean it every day, and once again after your period is over. Though the menstrual cup is safe to keep inside the body up to 12 hours before you empty it and use it again, it is better to sanitise it once every day before use. Most cups can simply be put in a container of boiling water for a few minutes to become ready for use. Some brands offer a sanitising cup and cleaning solution. Be sure to clean the cup after the period is over, and to dry it completely before storage. Never use bathing soap to clean the cup.

(featured image courtesy https://health.osu.edu/health/sexual-health/can-menstrual-cups-help-you-get-pregnant)

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