Archive: January 12, 2023

A New Home or a Resale in 2023? Pros and Cons

Akash Pharande, Managing Director – Pharande Spaces

It’s 2023 – a new year, with new opportunities, hopes, and aspirations. If you’re on the market for a home this year, you will doubtlessly have wondered whether a resale flat will fulfill your needs just as well as a new one. It’s a natural conundrum – resale homes are generally (though not always) cheaper than a newly constructed or under-construction one. The exception is when the resale home is in a project or location which has a lot of demand and next to no supply.

What is the right option? First, let’s examine all the reasons why homebuyers may consider a resale home the better option:

Pros of Resale Homes

1. They’re cheaper – except in the instances already mentioned above.
2. The property is fully constructed and ready to move in, so what you see is what you get
3. The neighborhood will be an established one, so it’s easier to determine how well you and your family fit into it, or it may be highly aspirational. Some locations are ‘vanity pin codes’ where owning any home – even an old one – seems very desirable.
4. If the property is very old, it may eventually come up for redevelopment, in which case its value can eventually increase
5. Common problems that beset apartments, such as leakage and seepage, are apparent (except if the current owner has managed to cover such flaws up convincingly while the property is on the market).

Cons

1. Older properties will have experienced wear and tear, which depreciates the value (this is why they’re cheaper)
2. There are invariably costly renovations and repairs necessary – and older homes also cost more to maintain
3. Older buildings do not have any of the modern amenities and facilities which most homebuyers take for granted these days
4. There may not be reserved parking. Premises developed even 15 years earlier were built for a world where personal vehicles were relatively fewer
5. If the property is several decades old, banks may not agree to grant a home loan on it
   Obviously, there are also pros and cons to buying a home in a new project, which did not have any previous owners and may be ready to move in or still under construction.

Pros of Newly-constructed Homes

1. The appeal of buying something brand new – be it a car, electronic gadget, jewelry, or a home – cannot be emulated by buying a resale home
2. The project will tend to have the latest amenities and facilities
3. It will have adequate parking, or it wouldn’t be marketable in this day and age, and also electric charging points for EVs
4. The project is very much more environmentally sustainable and cost-efficient – it will have solar heating, rainwater harnessing, and modern waste disposal
5. It will command a higher resale value if the owner wants to sell it sometime in the future.

Cons

1. If the project is under construction, the homebuyer will have to wait until it is completed before he/she can move in and enjoy the new home
2. If the project is being built by a smaller/under-funded developer, there is always a risk that it may get delayed or even not be completed at all
3. Problems like leakage and seepage will not be evident when the property is still new
4. While the price of an under-construction flat will be competitive and often in line with that of a good resale flat, ready-to-move homes in new constructions cost more than resales
5. If the project is built on a smaller plot, that unobstructed window view you have at the time of purchase may change drastically in the future as the area develops further
   The above points are by no means exhaustive, but serve to give a fair idea of what’s at stake. Now, for the main question – should you buy a new home or a resale?

The Bottom Line

No doubt, the price difference between new and resale homes plays a significant role. It can be as little as 3-5% or as high as 25-30% – much depends on the builder’s brand, quality of construction, and location characteristics.

In the case of resale properties in highly aspirational neighborhoods, there may be no difference at all. The price difference will also depend on the stage of construction of the project – it will narrow as the project nears completion.

But as we have seen over the past 2-3 years, price is no longer the main criterion for a large majority of homebuyers today. There are several other reasons than the ones mentioned above why most Indian homebuyers will always prefer a new home over an old one.

In many cases, there are not only sentimental but also religious factors involved – for instance, the Dussehra-Diwali festive period is all about acquiring brand-new assets. But that is only part of a larger story.

Homebuyers today are extremely savvy. Construction risks are easily negated by picking the right developer and project. By choosing a new home in a properly planned township, they ensure that the window view will not change. Reputed developers stand by their products and offer high-grade after-sales service, which takes care of any flaws that may emerge after purchase.

Moreover, buyers of new homes can avail of various discounts and offers which are not available in resales. In under-construction projects, prices are lower than for ready-to-move-in options. Also, if the location is still growing (which is often not the case while buying resales), prices will appreciate in tandem with new social and civic infrastructure.

This is the critical factor. As an investment, under-construction homes are nearly always the superior option as prices are low now, but will increase as the location matures. At the end of the day, homes are bought as investments for future financial stability and potentially even gain.

New homes deliver the assurance of good returns on investment, offer a superior lifestyle, and higher safety and security. This is why most of the demand today is for newly-constructed or under-construction projects by good developers who deliver what they promise.

Beige is Back and Here to Stay

Los Angeles, CA, January 12, 2023 — Muted colors, neutral tones, and beige all day: a new collection of artworks at Artspace Warehouse are trending. These featured one-of-a-kind artworks are fashioned by artists who have exhibited at major art fairs and are collected worldwide.

Artists Amber Goldhammer, Scott Froschauer, and Cynthia Coulombe-Bégin bring novel muted palettes to their typically vibrant oeuvre. Alongside these newcomers, the beige brigade are veteran painters Tasha Jentel and Len Klikunas whose neutral series further the conversation of painting as sculpture.

Since opening in 2010, Artspace Warehouse on Beverly Boulevard in Los Angeles has specialized in contemporary, affordable art. Without breaking the bank anyone can purchase original paintings, sculptures, and mixed media works to start, continue, or complete an art collection.

For those with neutral-toned apartments who want to maintain the sleek feel, beige is back at Artspace Warehouse and is here to stay.

The artworks cost on average as much as a designer outfit, yet people will enjoy them for much longer than just a season or two. The high-quality art selection has proven to be very successful when even museums, celebrities and some of the most well-known international art collectors became repeat customers. Many of the artists represented have exhibited at major art fairs and are collected worldwide.

Artspace Warehouse also offers free art advisory to share valuable insights into the evolving art market with clients.

Artspace Warehouse is a 5,000 sq. ft. art gallery on Beverly Boulevard in Los Angeles with a plentiful variety of affordable artworks that are sure to bring energy and life to your space home or office.

Artspace Warehouse
7358 Beverly Boulevard
Los Angeles, CA 90036
t. 323.936.7020
info@artspacewarehouse.com
www.artspacewarehouse.com
Monday – Saturday | 10 am – 6 pm
Sunday | 12 – 6 pm

Free parking behind the gallery.
Free admission. No reservation is required.

Hot Art | Cool Prices
Contact
Artspace Warehouse
Claudia Deutsch
323-936-7020
https://www.artspacewarehouse.com/en/news_detail-145

The 44th Jaisalmer Desert Festival 2023, promises to enthrall tourists with an eccentric blend of culture, arts, and festivities.

India, Jaisalmer, 12th January 2023: The 44th Jaisalmer Annual Desert Festival, 2023 is going to take place in the Hindu month of Magh (February) between the 3rd and 5th of February, three days before the full moon in the beautiful city of Jaisalmer. The festival will be celebrated in the scenic and rustic dunes of the Thar Desert and will exhibit a show of splendor and extravaganza that will showcase the inherently rich cultural heritage of Rajasthan that is woven into every detail of the city’s beautiful landscape. The fanciful dessert festival is an opportunity for tourists to soak in the majestic tradition of Rajasthan that is evident in every intricacy small or big of the event. The dunes come to life during the three-daylong event that hosts folk dances and folk music performances along with a plethora of other cultural delights.

The festival is going to house brilliant and enchanting performances by eminent musicians and playback singers. Indian maestros and artists like the composer duo Salim Suleiman, Ankit Tiwari, Salman Ali, Shanmukha Priya, and Raghu Dixit Project are going to set the environment ablaze with their surreal performances. The festival will also host one of the youngest and fastest-rising electronic acts by the Atrangi Project. The 44th Jaisalmer Desert Festival will begin at the Poonam Singh Stadium, with a ceremonial procession on the 3rd of February. This will be followed by Astro Tourism and Border Tourism. These secluded desert areas near the border areas are filled with tales of numerous war heroics and cultural heritage, which will likely attract tourists. The visitors will also be able to experience eminent photography on the same day by two noteworthy veterans which will be a memoir of a classic picture collection of Jaisalmer and the Desert Festival. The highlight of the festival is the helicopter ride through which visitors can get an eagle’s view of Jaisalmer’s beautiful decoration and experience the magnificence of Jaisalmer Fort which is a sight to behold.

Art camps with a live art activation by around 20-25 artists are an attraction that can be savored by art enthusiasts. The festival is an important platform to celebrate the skillful artistry of the handicrafts community and will see an exotic handpicked handicraft collection at the Handicrafts Bazaar by a self-help handicraft group from Jaisalmer at the Shaheed Poonam Singh Stadium. The ‘I Love Jaisalmer Foundation’ will organize the heartwarming ‘Dine with Jaisalmer’ initiative. The initiative will host guests at the homes of the people of Jaisalmer, for a divine and scrumptious local thali (plate) meal along with the families at the same table. The initiative was created as an ode and respect to tourists traveling from all over the world for the festival and to create bonds that last beyond a few days. Tourists attending the festival will be able to witness a beautiful sky with celestial bodies at the Sam dunes and Khuri dunes. Tourists can head to the Sam Dunes and Khuri Dunes to revel in the Camel Safari, Motor Paragliding, Helicopter Ride, Kalbeliya Dance, and Jaisalmer Folk songs.

While talking about the Jaisalmer Desert Festival, Rooparam Meghwal Member of the Rajasthan Legislative Assembly said “Jaisalmer Desert Festival is an expressive way to celebrate or indulge in the glorious graphic heritage of Rajasthan. Guests at the festival will have appropriate moments to rejoice in the celebration with their loved ones. All the guests at Jaisalmer Desert Festival will be witnessing the traditional roots of Rajasthan in different forms, from local folk fare to other festive celebrations. Talking about the significance of the Desert Festival in Jaisalmer, its main objective is to showcase to worldwide spectators the artistic side of royal Rajasthan in the best possible way! It is all about spraying its colors, playing the local folks and dances, and whirring its heels from the hub of Thar Desert. In the folk fusion of Jaisalmer, tourists alike – whether domestic or international, will be taking a deep plunge into Rajasthan’s traditional colors like never before.”

Gajendra Singh, Owner of The Mamas, Resort & Camp adds “Jaisalmer Desert Festival is one of the most popular and colorful cultural events of Rajasthan, which is visited by several tourists. It is the best platform to portray the state’s culture and traditions through dance, music, and other art forms. Rafting through the pits and falling on the shimmering sands is the most sought-after feature of the Jaisalmer Desert Festival 2023. In this activity, one will be riding in a 4X4 vehicle on the dunes, alongside off-roading on the dunes under expert supervision. And apart from dune bashing, there’s quad biking in the Thar Desert, and parasailing to give tourists an incredible adrenaline rush!”

Jitendra Singh Rathore, President of the Red Cross Society, Jaisalmer said “During the desert festival, the sands around Jaisalmer are adorned with vibrant hues of music and dance, accompanied with sounds of laughter and joy. Musicians entice you with haunting ballads – a mixture of romantic verses weaved together with tunes of tragic pain. The fair has snake charmers, puppeteers, acrobats, and folk performers. Camels, also play a stellar role. This desert festival of India closes with an enchanting sound and light show amid the sand dunes on a moonlight night. Evenings are meant for the main shows of music and dance. Continuing till late into the night, the number of spectators increases by each night and on the final day, under the full moonlight night, the whole place is swarming with people who make it a point to be there to witness this mega show.”

Gurugram initiates a WeForWater People’s movement to work towards water security to make Gurugram water positive

Gurugram, 12th January 2023: Abhipsa foundation organized an event in Gurugram to announce their global initiative called “WeforWater”. The movement aims to create and support national water projects and improve water security in India. Union Minister and MP of Gurugram, Shri Rao Inderjit Singh, graced the occasion along with Shri. Vishram Meena, Additional Deputy Commissioner of Gurugram, in the presence of more than 100 people from corporate, media, civil society, and most importantly, people of Gurugram.

To avert Gurugram’s unexpected water crisis, groundwater replenishment is critical. WeforWater is trying to draw attention to the importance of having water in the pipes and taps. And the event held on 11th January wanted to share the crisis details with the people of Gurugram and invite them to commit by sharing their resources and time to maintain the 11 ponds, which have been rejuvenated in the last three years by GuruJal and another 36 ponds that require interventions.

Water conservation has been the need of the hour, and through this initiative, the primary aim is to raise awareness amongst the residents of Gurugram. The city will generate and support water-related policies with the help of the local community, industry, government, and citizens.

By bringing people, politicians, and businesses together, 2023 will bring about changes in time, health, and awareness of the implications of water literacy for children and occupants. Speaking at the event, Ashish Kapur, Vice-chairman of Abhipsa Foundation, said, “WEFORWATER aims to prevent “Day Zero” and make India water-positive by 2040, and we are specifically focusing on identifying many areas that provide the economic benefits with minimum funding and creating the greatest impact on addressing water-related concerns”.

Shri Rao Inderjit Singh, Union Minister, and Gurugram MP, at the occasion, said, “With the onset of the new year, I would like to encourage every individual to commit towards a water management ecosystem. We look forward to promoting the same with the help of various new projects and programs. This mission provides the functionality of effective and safe water use which every citizen, individual, and corporates can follow for a better India.”

The #WeforWaterGurgaon movement was started to use technology to influence groundwater recharge. The goal is to ensure that natural resources are well-preserved and their benefits are equitably accessible to all.

12th edition of “Great India Travel Bazar” to be held at Jaipur in April, 2023

Jaipur/ New Delhi: The 12th edition of Great Indian Travel Bazaar (GITB) will be organized from April 23 to 25, 2023 under the joint aegis of Rajasthan Tourism Department, Ministry of Tourism and Federation of Indian Chambers of Commerce (FICCI). GITB will be inaugurated on April 23rd, while exhibition and B2B meetings will commence from April 24th and continue till 25th April at the Jaipur Exhibition and Convention Centre (JECC Campus), Sitapura, Jaipur.

A preview meeting was organized on Wednesday, the 11th of Jan at ‘Khasa Kothi’ premises. The meeting was presided by Smt. Gayatri Rathod (IAS), Principal Secretary, Tourism Department, Govt. of Rajasthan. In the presence of the Director of the Department, Dr. Rashmi Sharma (IAS), an in-depth discussion was held between the officers of the Tourism Department and officials from FICCI regarding the framework of the programme.

Speaking on the occasion, Principal Secretary, Tourism Department Smt. Gayatri Rathod (IAS) said, “All the foreign delegates participating in GITB would be brought from Delhi to Jaipur by the ‘Palace on Wheels’. The year 2023 has been declared by the United Nations as the International Year of Millet. As such, a series of millet food products along with Rajasthan’s traditional food will be made available for the foreign delegates during the inaugural session of GITB”.

FICCI President, Shri. Deepak Deva who was also present at the meeting said, “More than 230 delegates will be participating at the 12th edition of GITB this year and the number is likely to increase further by mid of April. Foreign delegates from several countries including Australia, Germany, France and Spain will be part of the event.” While concluding the meeting, President of FICCI Rajasthan Chapter, Shri. Randhir Vikras Singh thanked everyone for their support and cooperation.

Perle IRG7440 5G Router is Certified as Orange Assessed

Princeton, NJ, January 12, 2023 —- Perle Systems, a global manufacturer of secure device networking hardware, is pleased to announce the IRG7440 5G Router has been certified as Orange Assessed within the IoT Journey Partnership Program. This program is an ecosystem of partner companies with solutions and devices that are tested and certified to operate in IoT projects on Orange’s global IT and telecommunication network. The Orange Assessed label allows users to easily recognize products that are compatible with an Orange SIM card and data network.

Barbara Lucesoli, Head of IoT B2B Catalogue and Digital Tools at Orange Innovation, comments, “As digital technology expands it is essential that Orange verifies the quality, proper operation, and life cycle of all connected devices. Therefore, to become Orange Assessed, a variety of end-user tests are carried out to validate device functionality and ease of connection to the Orange network.”

The Perle IRG7440 5G Router is the first product in its class that does not require an annual subscription (or license fees) to access features, maintain operation, or download software updates. This router provides fast, secure, and reliable 5G NR or CAT20 LTE coverage for a wide variety of IoT and M2M applications. It will function as a 5G Router and four-port 10/100/1000 Ethernet Switch in a single-box solution with IPv4 and IPv6 supported on both the WAN and LAN sides. Ideal as a 5G failover and out-of-band management solution, the IRG7440 Router can also be deployed in 3G or 4G environments to ensure a seamless transition to 5G over time. The extensive routing protocol support (RIP, OSPF, BGP-4, VRRP, IPv4, IPv6, OpenVPN, IPSec VPN, DHCP), zone-based firewall, 2 Factor Authentication, and remote authentication (RADIUS, TACACS+, LDAP) management, ensures the IRG7440 Industrial 5G Router will integrate seamlessly with any infrastructure to control access to devices in the field and protect inside networks from unauthorized users.

“Perle is committed to ensuring that all IRG Cellular Routers will operate seamlessly on 5G, 4G LTE, & 3G bands internationally,” explains John Feeney, COO at Perle Systems. “This certification gives additional peace of mind to our customers in France, as well as users in other countries that rely on Orange’s telecommunication services.”

The IRG7440 5G Router is now listed in Orange’s IoT Journey Catalogue.

About Orange
Orange is one of the world’s leading telecommunications operators with sales of 42.5 billion euros in 2021 and 136,500 employees worldwide at 30 September 2022, including 75,000 employees in France. The Group has a total customer base of 286 million customers worldwide at 30 September 2022, including 240 million mobile customers and 24 million fixed broadband customers. The Group is present in 26 countries. Orange is also a leading provider of global IT and telecommunication services to multinational companies under the brand Orange Business Services.

About Perle Systems:
Founded in 1976, Perle Systems designs and manufactures highly reliable device networking, media conversion, and Internet of Things (IoT) connectivity hardware. With an extensive range of solutions, Perle products are ideal for organizations that need to establish network connectivity across multiple locations, securely transmit critical and sensitive information, or remotely monitor and control networked devices and appliances. Perle has offices in 9 countries and sells its products through a globally established distributor, system integrator, and reseller channel.
Contact
Perle Systems
Miriam Webster
1-800-467-3753
www.perle.com

pTron Amplifies Gaming Experience with all-new Bassbuds Epic just at 799

India, 12 January 2023 – Homegrown Digital Audio accessories and lifestyle brand, pTron announced the launch of its Gaming TWS, Bassbuds Epic on Flipkart. Stacked with key features sought out by gamers: low-latency wireless technology, closed acoustic sound, long playtime, and ergonomic shape for comfort.

Speaking at the launch of the new gaming TWS, Mr. Ameen Khwaja, Founder & CEO, pTron said, “The all-new Bassbuds Epic packs the must-have technologies gamers demand for fully immersive play. The Bassbuds Epic is a must-have gaming gadget for casual gamers seeking entry-level gaming earbuds for maximum gaming thrill”.

Unlike other wireless earbuds, the Bassbuds Epic’s proprietary AptSenseTM low latency solution offers closed acoustic audio clarity for fully immersive in-game playback. Each earbud’s unique ergonomic shape paired with pTron’s proprietary miniaturized audio drivers deliver deep powerful bass, natural mids, and crisp highs for unrivaled sound quality engineered specifically for gaming. The earbuds feature Game & Music Mode for seamless on-the-go entertainment. The multi-function touch control on the earbud provides tactile and intuitive control, allowing the user to move seamlessly between gaming and calls.

The Bassbuds Epic also utilizes dual-channel standard Bluetooth 5.3 connectivity for seamless transmission with Type C quick charging (earbuds 1hr, 1.5hrs charging case). The earbuds’ dual microphones with TruTalkTM ENC technology deliver clear communications, reducing background noises for a rich multiplayer gaming experience.