Due to rapid technology changes and the incorporation of new things brings innovation in almost every industry. Similarly, such things impact the real estate industry as well. Undoubtedly, the property market is a huge and growing market for a long time that continues its progress. The use of technology impacts the good and bad over almost every… Keep Reading
Covid-19 has a dynamic impact on the world. It has significantly influenced the construction industry hindering the projects, causing Delays and disruptions. It is because of fewer movements of labor, limited access to materials, and increasing risks of health and wellness. The article aims to help the people get a comprehensive understanding of claims for… Keep Reading
The success of construction projects depends on mutual trust and credibility. However, paperwork is necessary for accomplishing all the tasks and activities to ensure well-tracked progress. For this purpose, a contract is a document that contains all essential roles and responsibilities for the project owners, contractors, and sub-contractors. However, the contractual claims are a significant… Keep Reading
A change order is an official request from the contractor for additional funding and time to complete the contractual obligations that have been revised on the owner’s request. If left unaccounted for, these change orders cause project delays and contractual issues leading to expensive disputes and litigation. However, change order is not something to be… Keep Reading
Critical path method (CPM), also known as critical path scheduling, is one of the most common and effective scheduling techniques utilized in construction projects. This technique helps the parties involved in the construction project to breakdown every single activity and estimate their time. After that, they estimate the completion time of the whole project and… Keep Reading
The construction industry is the backbone of infrastructural development in the world. It is because progress in every country depends on the growth and success of the construction industry. However, disputes and conflicts can play a negative role in the successful delivery of construction projects. The disputes often result in claims leading to suspension or… Keep Reading
The Government of India has aimed to boost the real estate sector in the country by implementing different policies like – PMAY – Pradhan Mantri Awas Yojana, launched in 2015 this scheme aims to provide affordable housing to Indians. RERA Act, 2016 – Real Estate Regulatory Authority was formed, and the Real Estate (Regulation and Development) Act… Keep Reading
First-time buyers that have bought recently are experiencing falling house prices and negative equity. This is leading to house repossession and creditor harassment. According to the experts at Think Plutus, the negative equity is bad for first-time buyers because: No Capital Growth for First-Time Buyers’ Many first-time buyers purchase a property because renting is seen… Keep Reading
Real estate is a booming industry with millions of dollars flowing in and out every day. It is perhaps because properties no longer serve the purpose of only living in them, but for various other needs. People consider investing in them for business purposes and securing them as reliable financial assets, and using them as… Keep Reading
Asphalt is a durable and resilient driveway paving company material, and if you take care of it, it will look great and last 20 to 30 years or even longer. If you want to keep that smooth, slate black appearance, you’re going to have to put in a little sweat equity but not nearly as… Keep Reading
The construction industry is significantly variable in its nature and scope. It is owing to the presence of complications in the projects that make sometimes lead to disputes causing claims in construction. The individuals associated with the industry should consider all impactful factors to ensure foolproof strategies for the completion of their designated tasks. For… Keep Reading
The Pradhan Mantri Yojana scheme has brought with it a broad range of benefits for all first-time homeowners. Out of several prime advantages of this scheme, a subsidy on the interest rates of the housing loan is one of them. Based on your eligibility, you can apply for PMAY and claim PMAY subsidy on your… Keep Reading