Archives July 2020

Should you go ahead with your home-buying plans soon after the Covid-19 lockdown?

The real estate experts suggest understanding the impact of the Covid-19 pandemic before your property buying expeditions.

Buying a home imposes financial burdens on investors since they have to cough up money for the down payment and pay EMIs every month for several years. And the Covid-19 epidemic only adds to property investors’ woes.

Now, if you were planning to purchase a home this year, the unexpected turn of events may have left you wondering how to go about your plans from now onwards.

However, you should first understand how the pandemic affects the real estate market.

Real Estate Sector against the Covid-19 pandemic backdrop

For some time now, the realty sector has been tackling a credit crisis, slackening economy, and rising inventories. And, with the recent Coronavirus epidemic, the scenario seems to become grimmer.

Owing to the nationwide lockdown, most construction activities were halted. And many laborers were seen returning home due to uncertain times ahead. As a result, the construction industry has to grapple further with labor shortage in the near future. This will lead to disruptions in the recovery course of the real estate sector.

To complicate things further, several developers have taken large-scale loans. And, if they cannot redeem their value, they will be dealing with a liquidity crisis soon enough.

Having said that, the government recently advised the state governments and union territories to prolong by six months the property registration process and deadlines of all certified projects which will expire on or before March 25th, 2020. Also, they must comply with the stipulated instructions without any separate applications for further easing the stress of property developers.

Additionally, the Reserve Bank of India announcement to slash repo rate by 40 basis points to 4% will offer some relief to the developers. However, no clarity of when the realty sector will recover is yet coming forth.

The pandemic crisis from the Home-buyers’ standpoint

Conversely, if you’re a current home-buyer who has taken possession of your property and your income sources have not been affected due to the Coronavirus pandemic, then you stand to gain.  Because home loan interest rates will touch new lows owing to the RBI’s latest repo rate cute notification.

The groups who are servicing a repo rate-linked loan can expect their EMIs to subside soon. On the other hand, those people who are servicing MCLR-based loans may have to wait for some time until the lender resets such loan rates.

Plus, lenders have been instructed by the Central bank to extend the loan moratorium option to borrowers by an extra 3 months. In turn, the borrowers can manage their finances more efficiently amid these extraordinary times.

Even so, you must note that this EMI holiday is not a waiver but only a repayment deferment. Besides, interest rates will continue getting accrued during these 3 months. In the process, your EMI burdens will start mounting – particularly, if you’ve recently started repaying your home loan.

Your best bet is to go for this facility only if you’re having financial troubles. Also, if you plan on availing this option, make sure you have a sustainable plan to prepay the accrued interest during the moratorium after the expiry of the EMI holiday.

Moreover, the government’s initiative to extend the deadline of the Credit Linked Interest Subsidy Scheme (which comes under the Pradhan Mantri Awas Yojana) to March 31st, 2020, could realize the home-buying aspirations of middle-class families amidst the ongoing economic hardships.

As part of this scheme, families having annual household incomes in the range of 6 lakhs to 18 lakhs per annum are eligible to avail the benefits of an upfront interest subsidy up to Rs 2.35 lakh on the approved home loan for one more year.

Nonetheless, if you have not yet taken possession of your property, you have to wait for some time because of construction lags. And if you’re looking to purchase a home, you might be better off with a developed property as compared to one that is under construction. Further, you could get better offers because the latest developments can drive property rates to go down shortly – many experts and property managers say so.

However, if you’re equipped to take some risks (including delayed completion or other market-linked ones), then you can consider investing in under-construction projects. Only be on the safer side by checking the builder’s record, credentials, financial holdings, RERA property registration, and bank partnerships before finalizing your plans.

So, how should you move ahead?

Keep in mind that the Covid-19 crisis will lead to property registration delays and other clearances. More so, since people are losing income sources, they may not be able to pay EMIs.

Simultaneously, the post-Covid-19 era will witness a fall in property prices because of low loan interest rates. Thus, prospective homebuyers should consider all related aspects thoroughly and take practical decisions.

Finally, if you’ve purchased a property recently or intend doing so after easing of lockdown norms, you may not want to delay purchasing a home-loan insurance policy or term insurance policy – so, you’re well covered. Talk to your property management company, real estate advisor, or financial planner for they can help to draw viable strategies.

LuXia can help you!

We are a property management company in Delhi NCR catering to the end-to-end property needs of home owners who have their property in India. If you are stuck with your property possession, or property registration, or rental property management, or interior designing, our property management services can help you. |   +91 9810505543


Latest Bollywood Release Gulabo Sitabo helps to better understand how property management services can benefit you!

The benefits of using a Property Management Company are manifold. By watching the latest Bollywood movie Gulabo Sitabo, you can learn that how by not hiring property managers, you run the risk of losing your property. More so, you can know how to increase the rental values of your property by availing property management services.

The term ‘Gulabo Sitabo’ originates from conventional glove puppet theatres of Uttar Pradesh in North India. Also, the show has two heroines namely Gulabo and Sitabo. Sitabo is the jaded and overburdened spouse. And Gulabo is the enticing mistress of Sitabo’s husband.

Just like both protagonists Gulabo and Sitabo are constantly at loggerheads with each other, Mirza and Rastogi are wrangling throughout the movie ‘Gulabo Sitabo’.

By using our property management services and with our property manager being a single point of contact for you and your tenant we can help you avoid those uncomfortable conversations and dealing. In fact it helps a lot to use professional services both – as a landlord and as a tenant to avoid any disputes and for a comfortable “renting”.

GulaboSitabo – The Movie

Shoojit Sircar deserves applause for making people familiar with the intricacies of tenant and landlord relationships through this film.

The movie hovers around Fatima Mahal, which is a dilapidating mansion or Haveli in Lucknow.The owner of Fatima Mahal is Mirza’s wife, Fatima Begum, who is portrayed by Farrukh Jaffar. Amitabh Bachchan essays the role of Chunnan Mirza Nawab, who is the husband of Fatima Begum. And Mirza longs for the death of his wife so he can gain complete control of the haveli.

The rooms of Fatima Mahal are leased to several tenants; most of whom do not pay enough rent. One of the tenants of the haveli is Baankey Rastogi; Ayushman Khurana portrays his role.

However, Mirza and Rastogi are always squabbling. Because Rastogi fails to pay his long-overdue rent and comes up with different excuses for not coughing up the money every time; even though, Rastogi pays lesser rent than the other tenants.

Plus, Rastogi is constantly nagged by Mirza to clear the dues. Then, one day, in a fit of anger, Rastogi kicks the wall of a toilet block that comes tumbling down. This enrages Mirza and he demands Rastogi bear the wall repair charges. Expectedly, Rastogi refuses to meet Mirza’s demands, leading to legal tangles between them.

How LuXia could have helped Mirza (The Landlord)

Now, Mirza would have benefited; if he had availed Luxia services that come under the property management of landlords.

Here’s how:

  • Upon hiring our property maintenance services, his property would have been well-managed and maintained and, in turn, his toilet wall would not have collapsed.
  • With proper knowledge of property legal services and transfer of title, he would stand to benefit by taking the necessary action to save his property
  • Property managers would’ve helped maintain the requisite documentation of property papers
  • Property management service companies could’ve conducted verification of his property documents
  • Drawn a legal rental agreement between the tenant and landlord, mentioning the duration of stay and monthly rent charges
  • Been aware of how the tenants were planning to usurp his property and taken steps to thwart their devious plans
  • Developed better rent management skills, while charging higher rent, to avoid the tenants taking advantage of the situation
  • Hired interior designers to remodel the haveli and, thus, gained from higher rental values
  • Through property registration services, and via legal channels, he may have salvaged the mansion

Save your “Fatima Mahal” by using our Property management Services

So, we have seen how Mirza lost his ‘Fatima Mahal’ because he did not avail the benefits of professional property management services. Do not be like Mirza, smarten up and save your property from being taken advantage of.

Call us now and let us discuss how our property managers can help you reap rich dividends with our viable solutions. |   +91 9810505543

Top 10 Quick and Easy Design Tips for an Ergonomic Home Office

In the current situation of the Covid-19, the world accepted and embraced the new working culture that is ; Work From Home. So as to maintain the social distancing and minimize the spread of the virus.

With the introduction of work from home culture came the ergonomics requirement of home offices to deliver more productivity without hampering one’s health.

This article talks about the required ergonomics for a comfortable home office.


Let’s get started on the inexpensive, yet impactful design tips for a comfortable home office

Notwithstanding where you work from – whether in the fields or on desks or behind wheels – never underestimate the importance of ergonomics. By adopting the right ergonomic approach, you can reduce physical strain on your body. Conversely, if you fail to do so, then you’re sure to complain about muscle pain, pinched neck, and aching wrists, after 8 hours of work of leaning on your laptop from upon your couch or bed.

Now, if you’re working from a desk or table or workstation, simply follow the below-listed tips for creating a healthy, ergonomic workstation. For the same, you need certain tools and furniture that you already may have. Else, you can make some additions to your existing home office design.

1.  Choose your location wisely

The location of your home office set up is an important consideration. That said, you must choose a place where you do not slump on your couch or lean over uncomfortably. More so, do not sit facing a window directly because the glare can disturb you. Consider sitting perpendicular to your window or closing the blinds to reduce exposure to the sun’s blaze.

Additionally, assign a particular place to work from – preferably, a room with a door. Then, you can maintain a work-life balance while leaving your workplace when your work for the day finishes.

A vital step when choosing the right work from home location is to adjust the appropriate surface height to sit when you’re at work. Make sure your elbows are at a 90-degree angle while relaxing your shoulders. An ideal solution is to work from a desk that conforms to your height.

2.  Pay attention to legroom

Office hours are generally set from somewhere between 8-10 hours. And for these many hours it becomes essential to ensure ample leg space at your workstation.

The amount of legroom you have underneath your desk is normally determined by its depth. If possible, go with at least a depth of 600 millimeters in workstations. Along with this, it is also imperative to declutter your desk from underneath too, so as to utilize the complete depth.

More so, do not have your desk too close to the wall, because your feet can continue to hit the wall otherwise.

Though, you can also avail desks having pull-out extensions, by way of which you can create depth for making your home office comfortable with extra leg space.

3.  Height up your desk

As a good ergonomics practice, it was initially advised to have your desk at a height of 680 to 720mms above the floor. But with changing time and people growing taller on average, this measurement was increased to a roughly average of 730mms desk height from the floor.

Although this should not be considered a benchmark of measurement. You can always feel free to increase or decrease the height of your desk with respect to the height of the person using it or as per the demand of the work done on the desk. This is where adjustable furniture kicks in for a comfortable ergonomic in offices.

All in all when you work on your desk just see that your elbows rest at desk height with your feet flat on the floor, and your knees bent at a 90-degree angle and your back straight.

4.  Get the right chair

As part of your work-from-home endeavors and for getting the home office ergonomic code right, use chairs that allow adjusting the height. Of course, you can place a cushion atop your chair as well. However, you will be more comfortable with office chairs that allow adjusting of the backrest, tilt, and height.

There’s a smart trick to check if your work chair’s height is right for you or not. Just stand next to your chair and see where your legs come with respect to the seat of the chair. Ideally, your knees should touch the seat of the chair. Again, this may also vary as per the height of a person.

Preferably your spine should be straight or resting at roughly a 100- to 110-degree angle against the back of your chair.

5.  Eye to screen height

You must adjust the monitor or laptop screen such that your line of sight comes under the top third of your screen. Here’s a quick tip to elevate the screen; you can place books below to uplift the screen.

You can also use an external keyboard and mouse for greater flexibility and additional space to spread your shoulders.

Now, if you’re using a laptop, you can use external equipment for elevating the screen. Only place the external keyboard below your laptop or desktop screen. Also, do not sit away from mouse and keyboard or you could hurt your muscles. Instead, you should have your elbows close to your body center to be comfortable.

6.  Consider standing desks

If you’re planning to work from home, then why not avail interior designing for home services? As they are professionals and work closely with leading trends not only w.r.t. aesthetics but also for health benefits.

One such health benefit is to incorporate standing desks for improved health and productivity. Having said that it is important to understand that too much of everything is detrimental. That means you will have to switch between your positions (standing and sitting) so as to balance the stress. For this you can assign a desk/table with adjustable height feature that can be extended up to 1200mm above the floor.

Along with this also see that when you stand up to work, your desk should be at elbow height and your monitor should be at eye level for a balanced posture.

7.  Light up your work space

One of the best home office ideas is to ensure your workplace is adequately lit. To get the home office lighting right, position your screen such that it refrains from any direct sunlight flashing from behind you onto your screen to minimize reflection and glare.

Similarly, ensure that your work screen is not placed in front of a window that gets direct sunlight as it will throw a shadow on your work, thereby making it uncomfortable to work.

But, if your medium to work is pen, paper or any flat surface (basically anything other than a screen) then this type of positioning with direct sunlight can be perfect to light up your workstation.

8.  Substitute cupboards with drawers

When designing your home office from scratch, try utilizing drawers instead of cupboards.

Any prominent property management company in Delhi NCR will vouch that many of their NRI clients receive requests from their tenants for replacing cupboards with drawers in these times of work from home dynamics.

This is because they can find tools easily in drawers as compared to rummaging through dark and dusty cupboards. With drawers you can easily segregate the smaller but important objects in different drawers and you will not have to go through the back of the cupboards to find these smaller items. In fact, you can also mark the drawers and place your important files as per the markings.

Drawers are your best pick for smaller home office items. Of course, for the bigger objects cupboards still hold value.

9.  Have the power points within your reach

While working you plug and unplug your laptops and phones frequently, right? So, you may want to install the power points where you can reach them with ease.

More precisely if possible, place the board with the power points within your arm’s reach to save your spine and shoulders from unnecessary stress.

10.  Take breaks often

Never sit in your chair all day long, even if you have an ideal office set up. Keep changing your position every 30 minutes or so and also give a soft blink to your eyes every 20 seconds to keep them from straining.

Make way to design your ergonomic office today!

So, we have listed the important aspects for you to ponder upon when building your ergonomic home office. Even so, for building a perfect home office from scratch, only call upon the experts for they are well-versed with the nitty-gritties of ergonomics to keep you comforted all through the day while you tend to your work. But if you already have one consider incorporating these tips for a comfortable work from home environment.

LuXia can help you!

LuXia is a full-service property management company in India with interior designing as one of the forte. We can help you design your home office ergonomically without any hassles. Get in touch with our interior designers to walk you through the process. |   +91 9810505543

Good luck!

How the Covid-19 pandemic presents an opportunity to the Real Estate Sector

Mike Tyson, the renowned boxer, had once commented that “Everybody has a plan until they get punched in the face”. The same rule applies to the real estate sector, including the residential property management industry.

Now, any property management services company will vouch that the real estate sector was hit by three tsunamis. These include demonetization and legislations including the Real Estate Regulation Act and the Goods and Services Tax. As a consequence, the industry became weaker, which was contrary to the noxious highs that were seen during the previous years.

Before the onset of the Covid-19 epidemic, the realty sector was struggling with several issues. Inventory outcropping, various issues of customer resistance, and uncompleted projects throughout the country – all are included in this list.

Not only was the industry grappling from tons of surplus inventory and moderate demand and falling sales and dispirited investors, but also puny balance sheets of several developers, some of whom have vanished. In turn, nobody was availing rental property management services too.

Additionally, the crashing of DHFL and IL&FS piled on to the real industry crisis. As a result, the NRI property management companies also took a hit.

The developers were backed by high-end octane-driven debt financing, which many NBFCs were depending on for the money inflow for refinancing projects. With the collapse of the NBFCs, the party was over.

Also, liquidity was most sought after, resulting in NBFCs scrambling for funds to reduce their troubles.

Several financial institutions were into short-term borrowing and long-term lending, particularly on illiquid realty assets, several of which did not start. Consequently, the NBFCs were facing a huge asset-liability disparity.

The records were suggesting a distraint property market.

Going by the recent reports, real estate developers in seven main Indian cities had unsold stock touching around Rs 3.7 trillion. Further, over 60000 houses were not bought. Consequently, the rental management companies were recording dwindling revenues.

Owing to the Covid-19 pandemic, workers are also leaving the construction sites and heading home due to the uncertainty that plagues the world over.

Deepak Parekh had also pleaded the Reserve Bank of India and other related stakeholders for a one-time loan restructuring plan for revising the non-performing assets recognition regulations to 180 days rather than the prevalent 90 days.

However, the Covid-19 pandemic has presented an opportunity for numerous special situation realty-based funds. They can play the role of catalysts for giving the requisite liquidity boost and stimulus to the real estate sector. Plus, the property management companies in India stand to benefit.

Such special situation funds (SSFs) require restructuring holistically to include the big-bracket private equity funds, especially the ones that have been investing in commercial properties with big corporate developers, who can contribute to executing and marketing projects while keeping their expertise in mind.

With the sponsored vehicles getting the backing of large foreign PE shops and big developers, they can obtain substantial projects that are blocked due to liquidity issues and lack of other resources.

Due to the comparatively low valuations of unsold inventory, the specialized vehicles can adopt stressed projects at discounted rates, which can create sufficient incentives for the economic structures.

For example, large-sized private equity companies (like Brookfield and Blackstone) can team up with renowned real estate giants (such as Oberoi Constructions and Godrej Properties).

The combination of both partners can lead to buying out the current distressed developers’ projects and complete them by providing the requisite funds, with the needed expertise brought in by the development partners.

By doing so, customer confidence can be restored, with assurances of timely delivery. Moreover, prospective customers avail home loans from banks. Keeping in mind the renowned brands associated with the project and assured financing, the banks will be comfortable giving loans too.

Besides, with the finance ministry announcing the suo moto extension to all real estate project timelines by six months, the SSFs have greater incentive and more time to evaluate all uncompleted projects.

These special vehicles can help in reducing the troubles of the large-sized projects that remain stuck around the country.

With the real estate market witnessing an upswing, people who invest in property and live elsewhere can avail the advantages of property management services as well.

A prominent property management company in Delhi NCR can help you to get tenants if buying an investment property too.

Looking Forward to the progressive Real Estate Market

We must not forget that the construction sector stands only second to agriculture with respect to recruiting employees. And by extending the required support, the real estate industry can start booming once again while reducing the unemployment levels. In the process, the country will benefit at large.

2020 interior design trends: All you should know!

A good way to usher in the new decade is to remodel your home. To mark a fresh beginning, you can simply roll on some fresh paint on your home walls or add interesting artefacts to your gallery. And if you’re looking to make a lasting impact, then only opt for any of the top home decor trends of the 2020s.

Also, if you are interested in refashioning your home to attract tenants, the rental management companies will vouch that you’ve made the right decision; and maybe, they can help you to shore up your rentals too.

So, here we go.

  • Go Vintage

Vintage seems to be making a comeback in the 2020s. As such, interior designers in Delhi NCR are adding a few statement pieces from furnishing items that were popular during the 1800s and 1900s – including spindles and spooled legs.

  • Navy blue at the fore

Classic Blue, which is navy color, was declared 2020 Pantone Color of the Year. Navy blue is both versatile and elegant.

In residential interior designing services, navy blue offers the right amount of contrast in both conventional and contemporary styles for both your private interior and exterior spaces.

So, whether you’re seeking interior designing for kitchen services or want a makeover for your room with contrasting white hues and wood furniture, navy blue is the way to go.

  • Color-burst cabinets

When hiring the services of an interior designing company in Delhi NCR in the 2020s, go with colored cabinets. Yes, say goodbye to the all-white look of your kitchen. And instead, add elements such as kitchen wall cabinets or kitchen islands. And, as for your base cabinets, the popular choices are loud colors such as navy blue, vivid yellow, or dark red.

  • Canopy Beds

In the 2020s, as part of interior design for home, canopy beds seem to be making a comeback. And, no, they are no longer crowded with heavy materials and bulky headboards. The latest versions come with smooth decorated frames, metal-based designs, and acrylic.

  • Floral-designed wallpapers

If you’ve been avoiding floral wallpapers all this while, then maybe you need to rethink your choices in the 2020s. This time around though, they are available in updated patterns. Take your pick between the metal-based designs, larger blueprints, and loud shades.

Plus, if you ask any property management company, they are sure to tell you they’ve noticed their clients opting for the latest designs of floral wallpaper for refurbishing foyers and powder bathrooms.

  • Contrasting colors are here to stay

If you’ve always been a fan of high-contrast designs, then now is the best time to indulge yourself. For many years, the all-white designs were dominating the market. But, now, people seem to be making a shift while choosing both black and white for the much-needed room uplift.

So, you may see chairs having a white frame with black upholstered designs. Or, console tables in dark-colored woods with white-hued hardware.

  • Patina finish

Among the emerging interior designing trends are patina accents. Along with vintage furniture, expect to see more of patina playing out and that too, in colors of terracotta and clay.

  • Texture will rule

2020 designs are not only about color but also texture. Interior designers are piling up textures in similar shades to liven up rooms. And if you’re a fan of neutral colors, then only find newer ways to decorate your rooms with your favorite shades using textures – do not use many colors though.

In living rooms, you can add texture through furnishing items (like blankets and cushions). Even so, consider texturing via plant-based designs and well-etched arts.


In addition to the above 2020 trends, cozy fabrics will become ragingly popular. So, move over the luxe grand velvet designs and make way for the soft-textured fabrics, which are perfect for unwinding with a good book in tow.

Get in touch with our interior designing company in Delhi NCR to get a home of your dreams in sync with the latest trends. |   +91 9810505543