The Rise in Single-Family Housing Demand

The Rise in Single-Family Housing Demand

No one ever expected the world to change so much as it has since the end of 2019. And this change will continue to remain, for some time more, unfortunately. But we humans like to be known as the smart species and we definitely are, given we do our research and remain open to opportunities. We were quick to see and recognize what best can be done to adapt to these testing times. We changed the way we lived our lives before and started focusing on what’s better and practical.

Along with the usual human lives, every business was affected. This also includes the real estate industry. With the change in lifestyle and work from home culture, house buying and renting requirements in the different tiers almost got to NIL. However, there rose the need for a new living culture to which people began to adapt quickly and positively – Single homes.

The demand for single homes did not go down. Though the construction pace slowed down, the demand for single homes didn’t. At the same time, homeowners were reluctant to list their homes for sale during a pandemic, which reduced the for-sale supply. Those who maintained the value of their property did enjoy the fortune to sell them at good prices as well. Some of the factors included generous mortgage forbearance programs and the foreclosure moratorium also reduced supply.

Studies suggest that the housing market tightened primarily because of a surge in demand for single-family living. Also called linear family living, other major factors that contributed to this surge include:

  1. With income crunch, people have started to prefer living in single-family accommodations to meet their needs and that of their spouse, children and parent(s).
  2. With the need to spend more time at home instead of the office and other public spaces, people are looking for comfortable and sufficient spaces inside their own homes.
  3. With the importance to maintain distance as much as possible to survive the pandemic, people are willing to build the trust to share spaces only with their immediate family members.

It is known that the market will take time to cool down because of the relaxation of the many pandemic-caused supply-side constraints. New demand has exceeded leaving behind pre-pandemic levels of supply, and the gap is too large can’t be realistically filled by new construction in the short term. Surprisingly, the jump in the listings might be because of many homebuyers who were owner-occupants selling their current home when purchasing a new one as well. However, the new subsequent listing of these purchases has not seen an increase in second-home buying. Another contributing factor could be a case where homeowners attempt to buy their next home before putting their current home on the market, as they can be confident of finding a buyer quickly.

Lower interest rates or borrowing costs have also influenced the housing demand. With interest rates on the lower side, people feel confident to take on more debt because they can afford relatively more debt for the same monthly outlay. In another way, they will be able to take the decision of purchasing a home because at low-interest rates wherein the amount they will need to pay won’t be burdensome.

About Protech

If you are looking for properties in Guwahati, Assam, Protech Group is here to introduce you to the best in the city. With our years of expertise in the real estate market, we are committed to building modern and well-equipped apartments that perfectly suit our clients need. You can connect with the professionals of Protech Group today by clicking here and get a better insight into the available properties in Guwahati along with other details.

The Art of Vastu Shastra – Radiate Positivity in your Kitchen

The Art of Vastu Shastra – Radiate Positivity in your Kitchen

The presence of positive energy in your home makes way for continuous good health and happiness around. It assists you in leading a positive life, which results in balancing and creating the required harmony for your betterment and of your family members. Like we mentioned in our previous blog, “No matter how much you invest in the latest and unique home décor pieces, wall paints or high-end technological equipment, radiating the right kind of energy plays an altogether different and important role.”

In our previous blog on the series – “The Art of Vastu Shastra – Radiate Positivity”, we learned how to maintain the Vastu of the living area of your home. Moving on, in this second blog of the series, we will give you ideas on how you can maintain the Vastu of your Kitchen area. Right from the positioning of certain elements in your kitchen to what should be included and what not to radiate positivity around, let us take a dive into the details.

Choosing the Best Locations

What and where you place and position in your kitchen directly results in maintaining the Vastu of the space. Let us help you understand how and why:

Cooking Hob

Choose the South East or North West corners of your kitchen to install your cooking hob. Whether you have an L-shaped layout or a U-shaped layout, you can choose the ideal positioning for the hob and use the rest for other activities and placement. This started earlier when hot winds blowing from South West to North East stopped the chances of the kitchen spaces catching fire.

Kitchen Sink

According to Vastu, the placement of the kitchen sink should be in the Northeast area. This concept or requirement as we can say started from the early days when water for cooking or washing utensils was stored in containers. It was believed that placing in the position helped kill germs with the sun’s rays and purify the water.

Drinking-Water

Ensure that you place the water filter(s) in your kitchen or other rooms in the northeast direction. The first rays of the sun come from this direction which helps the water to get sterilized and purified as they get exposed for your consumption. When there were no filters in the early days, drinking waters were placed in large containers in this direction for the natural filtration process.

Appliances

Like cooking hobs, cooking appliances such as a microwave and more should be placed in the South-East direction to avoid chances of catching fire. Refrigerators should be placed in the South West or North-West directions and so should ovens. Then on the East side or the opposite side of the main cooking area, install the exhaust fan and chimney.

Food Storage

vastu for kitchen

Never keep your food storage boxes or containers above the stove on cabinets or shelves. This is because you may leave the cabinets open when in a hurry which can cause unwanted circumstances such as fire, developing stains from the cooking or creating odours. Choose the sides of the opposite spaces for the placement of the boxes and containers instead.

BONUS Tips

Along with these important tips, also ensure:

Painting the walls white because it helps create a positive vibe as the colour is associated with purity. Moreover, the natural sun rays are soaked up which then reflects in the room and brightens it up.

Choosing pastel shades of blue, pink and green makes the food look attractive and helps you to enjoy your meal well.

We hope that you enjoyed reading the piece and will start incorporating them in your kitchen space. This age-old practice comes with practical concepts, hence allowing you to lead a better and secure life.

Do not forget to come back again to read our next topic from the series as well as all our blogs here.

From Prateeksha to Jalsa – Find Out All About Big B’s List of Properties

From Prateeksha to Jalsa – Find Out All About Big B’s List of Properties

Amitabh Bachchan, the megastar of Indian cinema, is not only known for his extraordinary performances over the years. The Bollywood megastar also makes the headlines regularly for his real estate investment. Big B is known to be fond of investing in real estate properties so much so that the star not only owns multiple properties in India but also abroad. This shows how his interests are fairly divided between movable and immovable assets.

Number of Bungalows of the Bachchans

Both Mr. and Mrs. Bachchan own magnificent bungalows in the Juhu area in the city of Mumbai. They have named their bungalows with different names and some have been with them since forever.

Prateeksha – Juhu Scheme:

This is the first property of the Bachchans which was bought by the megastar’s family in Juhu-Vile Parle. This is the bungalow where the actor’s late parents lived, Mr. Karivansh Rai Bachchan and Mrs. Teji Bachchan, which makes this old yet grand property one of his favourites. He is often spotted visiting the property during his leisure time to spend a few hours.

Jalsa – Kapol Housing Society:

Only a kilometre away from Prateeksha, Jalsa was gifted to Amitabh Bachchan by director Ramesh Sippy as remuneration for his movie, ‘Satte Pe Satta.’ Jalsa is a magnificent 10,125 sq ft twin-storey bungalow located in Kapol Housing Society. It is said that the property was initially under Ramola Bachchan, wife of Amitabh’s brother Ajitabh Bachchan for tax issues. By 2006, it was registered under Amitabh’s wife, actress Jaya Bachchan.

Janak – Juhu:

Located in close proximity with Jalsa, Janak serves as an office for the megastar. The property was bought in the year 2004 for a whopping amount of Rs. 50 crore by the family. The word ‘Janak’ meaning ‘father’ was the name chosen by the actor and he can be spotted regularly visiting the premises with his grandson Agastya Nanda, son of daughter Shweta Bachchan.

Vatsa – Juhu:

Another amazing property owned by the Bachchan family in Juhu, Vatsa is not where any of the family members reside. Instead, it has been leased out to a bank that offers rent in lakhs of rupees each month.

Apart from his properties in Mumbai, the Bachchans also made it to the headlines for owning homes aboard.

Dubai: Like A lot of Bollywood celebrities, the Bachchans too have invested in holiday homes that define luxury and comfort in every corner. The family owns a beautiful mansion in Dubai’s Sanctuary Falls, an extremely posh neighbourhood. Along with the many stunning features, some include a 180-hole championship and a swimming pool.

Paris: Amitabh Bachchan’s luxe apartment in Paris is an all different investment and a gift of love! A popular business website stated that the luxe pad in Paris was gifted to Amitabh Bachchan by his wife Jaya Bachchan after learning about his love and enthusiasm for the French and this very fashion capital of the world.

Very recently, the actor again made it to the headlines for adding a new property to his list of properties in the country – An apartment. The apartment, which was bought in the month of May, is known to be a 5704 square foot duplex apartment that was purchased for a number of Rs. 31 crores.

On the occasion of our megastar Amitabh Bachchan’s birthday, Protech Group decided to share this piece showing you his unique interest apart from the entertaining movies he has blessed us with all these years. We hope that you liked knowing about the properties owned by the star and his family. To read more such interesting blogs, you can click here

About Protech

If you are looking for properties in Guwahati, Assam, Protech Group is here to introduce you to the best in the city. With our years of expertise in the real estate market, we are committed to building modern and well-equipped apartments that perfectly suit our clients need. You can connect with the professionals of Protech Group today by clicking here and get a better insight into the available properties in Guwahati along with other details.

Festive Décor DIY Guide: Prep Your Space in Hours!

Festive Décor DIY Guide: Prep Your Space in Hours!

With the month of October comes the excitement of festivals! From Dussehra, Diwali and Bihu to Eid, Christmas and New Year, we wait for this quarter of the year with utmost enthusiasm. It is that time of the year where we meet our loved ones and exchange gifts, enjoy an assortment of delicacies and pray for the good health and wealth of each other.

Along with gifts and delicious food comes the tradition of decorating your home and working space. People invest huge amounts in flowers, candles, lights, colours, gifts and more. While purchasing is always an option, how about you try some DIY this year and save those extra bucks? Here are some cool festive décor DIY ideas to try with your family and create a unique décor game this festive season:

Diya

We are sure you buy dozens of earthen diyas to light up your home and office every Diwali along with at least 3-4 special designed diyas for the special spaces, right? This year, create your own with some amazing festive décor ideas! Get a set of fabric colours containing the primary colours and a paintbrush. Colour the diyas on your own and use other natural items for the decoration such as rice paste, orange lentil, black sesame seeds etc.

Light Strings

Pull out the light strings from the previous year and bring in some colourful tapes. Cut out small pieces of the different tapes and start sticking them around the small light to create the string light of your choice of colour. This DIY idea goes best with the usual yellow lights.

Floral Decor

With a variety of flower types available, you can create different floral festive décor items. For instance, create a long floral string with marigold flowers and tie a big knot on both ends so that the flowers do not fall off. Next, start making a circle with the string one above the other. You can place such in sets in corners or solo. To add more grace to this, carefully place scented candles inside the circles. You can also mix to create circles from different flowers.

Reuse Old Containers

Bring out the waste containers/jars of cosmetics, food and more that you have been collecting or storing. Paint each of these jars in different colours. Add glitters to some and a quick dash of contrast coloured paints to some. You’ll have a collection of containers in different sizes and shapes that can now be used as candle holders, nut containers, flower holders, Diya stand and much more.

Old Colourful Fabrics

If you have some fabrics that you do not wish to use anymore such as a colourful dupatta, designed Kurtis or a cotton saree, it’s time you get them out. These pieces can be used to hang flowers or other décor stuff at the entrance, or any room. You can twist the colourful fabrics to create a shape of your choice and go creative. If you have only plain fabric, worry not! Add some colours to it and bring out the creative you this festive season.

While you get busy prepping for the festive season, keep in mind to create a checklist where you include all the important tasks to be done. This will help you to not miss anything crucial for the last moment. We hope that you enjoyed reading this column and will definitely try these easy and creative DIY festive décor ideas. Let us know which DIY you will try in the comments below. And don’t forget to visit us again to read more such interesting ideas and tips.

Till then, we wish you all a very happy festive season ahead! Stay safe, stay blessed.

About Protech

If you are looking for properties in Guwahati, Assam, Protech Group is here to introduce you to the best in the city. With our years of expertise in the real estate market, we are committed to building modern and well-equipped apartments that perfectly suit our clients need. You can connect with the professionals of Protech Group today by clicking here and get a better insight into the available properties in Guwahati along with other details.

The Art of Vastu Shastra – Radiate Positivity in your Living Room

The Art of Vastu Shastra – Radiate Positivity in your Living Room

Transforming a house into a home requires a lot of planning as well as the energy to do so. Here, energy not only refers to the physical effort that you and your family will put into but also the energy that is required to create that positive aura. No matter how much you invest in the latest and unique home décor pieces, wall paints or high-end technological equipment, radiating the right kind of energy plays an altogether different and important role. The practice of Vastu Shastra is a traditional belief where each home is said to reflect its own unique energy. This concept is vast and can vary from location to property type. However, you can incorporate some practices for your home from right this moment on.

Introduction to Vastu Shastra

Vastu Shastra is an age-old concept that was and is still practised to bring and maintain positivity in a home or workplace. Earlier, when people built their homes, they ensured to keep the positioning of the different rooms, doors, windows and so on as per the Vastu of the location. This helped bring a positive aura inside while beating the negative vibes for a blessed and happy family.

In this piece from our series “The Art of Vastu Shastra – Radiate Positivity”, we shall help you understand how to maintain the Vastu of your home’s living area. We will assist you in getting an insight into what should the positioning of certain elements should be to ensure radiating positivity around. After all, the living area is where most of the activities with your family or guests are entertained and brings in a lot of different energies around.

  1. North Facing: A living room that faces towards the north or north-east is said to have the most favourable energy flowing in as it is the direction of the sun rising.
  2. Furniture Placement: If you have heavy furniture sets such as cupboards or sofa sets, place them either in the southwest or west direction of the living room.
  3. Electronics: Electronic items such as television sets, music systems and so on should be installed in the south-east section.

While the placements are a huge part of maintaining the positivity of a room, there also are significant things to avoid at all times. Some of these crucial considerations include:

  1. Clutter: Ensure there is no clutter of any kind inside the living area at all times. This starts building a negative aura and can kill all the energies that you have put around.
  2. Well-lit entrance: If your main entrance is in the living room, make it a point to keep it well-lit throughout the day. This helps shed positive vibe around, help you avoid welcome unwanted activities around your home. There are more interesting Vastu tips for your home entrance to learn and incorporate.
  3. No Dustbin: Never put a dustbin next to the entrance or for that matter, even the shoe rack. They denote the signs of bringing in the energies from the world outside, which can include sickness and dirt.

Having your own home or moving into a new one always brings excitement and joy. You start wondering and planning time after time about how you can decorate the different corners of the different rooms. In fact, you may also discard some of those elements that do not amp up the overall style and invest in new ones to create that beautiful aura in your new abode. While you do this, we at Protech Group ensure to make all our properties Vastu complaint about your better and comfortable living.

We hope that you liked this piece of article on how you can create positive energies in your home’s living area. In our next blog from the series “The Art of Vastu Shastra – Radiate Positivity”, we shall give you an insight into what Vastu tips should be incorporated for your kitchen area. Stay tuned!