AYATI

Happy Republic Day.

What Is an Evergreen Loan?

An evergreen loan is a loan that does not require the repayment of principal during the life of the loan, or during a specified period of time. In an evergreen loan, the borrower is required to make only interest payments during the life of the loan. Evergreen loans are usually in the form of a line of credit that is continuously paid down, leaving the borrower with available funds for creditpurchases. Evergreen loans may also be known as “standing” or “revolving” loans.

How an Evergreen Loan Works?

Evergreen loans can take many forms and are offered through varying types of banking products. Credit cards and checking account overdraft lines of credit are two of the most common evergreen loan products offered by credit issuers. Evergreen loans are a handy type of credit because they revolve, meaning users do not need to reapply for a new loan every time they need money. They can be used by both consumers and businesses.

How Businesses and Consumers Use Evergreen Loans?

In the credit market, borrowers can choose from both revolving and non-revolving credit products when seeking to borrow funds. Revolving credit offers the advantage of an open line of credit that borrowers can draw from over their entire life, as long as they remain in good standing with the issuer. Revolving credit may also offer the advantage of lower monthly payments than non-revolving credit. With revolving credit, issuers provide borrowers with a monthly statement and minimum monthly payment that they must make to keep their account current.

May this Diwali, Come up with Beautiful Beginning, Fresh Hope, Bright Days and New Dreams.
Wishing You a Happy Diwali.

What's the 50 30 20 budget rule?

The 50/30/20 rule of thumb is a set of easy guidelines for how to plan your budget. Using them, you allocate your monthly after-tax income to the three categories:
50% to “needs,”
30% to “wants,” and
20% to your financial goals.

Office Vastu: 3

What should you keep on your desk for good luck?

Thinking of giving feng shui a shot? Get these items for your office desk for better luck, and a smoother time at work.
A Plant, Mirrors, Crystals, Stones, Water, Lamps, Wood, Sliver.

Wishing a very Happy Dussehra to everyone…. May we work together with a positive approach, with a positive mind to create positivity around.

Office Vastu: 2

Where should we keep God's picture in office?

As per Commercial Vastu, it is advised to place a picture of your idol or god near in the reception area of your office, as it is the place where every visitor or employee pays a visit. And the reception desk should ideally be in North-east direction.

How should you sit in an office chair?

Push your hips as far back as they can go in the chair. Adjust the seat height so your feet are flat on the floor and your knees equal to, or slightly lower than, your hips. Adjust the back of the chair to a 100°-110° reclined angle. Make sure your upper and lower back are supported.

Office Vastu: 1

Office building should face north, north-east or north-west direction as it brings good luck and positive energy. According to Vastu Shastra, the main door or entrance of the office building should face east or north direction. Do not place anything that creates obstacle close to or in front of the main entrance.

Best direction to sit in office as per Vastu:

According to Vastu Shastra for office, entrepreneurs should sit facing the north, east or north-east direction as it is considered auspicious. The sun rises in the east, making it conducive for financial growth.

Face direction while working:

The work desk must be in the south-west direction, while your position during work should be in the northeast direction without the obstruction of a door, window or balcony behind the workstation.

RERA: 5

How important is RERA approval?

RERA establishes a state authority which will govern both residential and commercial real estate transactions. RERA will ensure timely delivery of the project which is a big sigh of relief to home buyers. RERA will guarantee more precision between the developers and buyers thereby ensuring transparency.

What is RERA carpet area of flat?

Carpet area as defined by RERA is the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment.

What is the formula of carpet area?

How to Calculate Carpet Area. Inner wall area + floor area = Carpet area. Multiplying the length and width of each room, inner walls, inner corridors, etc., and then adding them all up would give you the carpet area of the house.

RERA: 4

What happens if RERA is expired?

There are projects for which RERA registration had expired, and we did not see any action against these. Even after RERA registration, if the builder does not complete the project on time, the next course of action need to be initiated as per Section 7 of the Act.

Who can approach RERA?

Under Section- 31 of RERA it is stated that any aggrieved buyer may file a complaint directly with the Adjudicating Officer or the Regulatory Authority. The complaint is to be against the violation of provisions of RERA or any rules and regulations formulated under RERA against: A Builder. Promoter.

What if Builder is not registered with RERA?

In the case of perpetually delayed projects that are not registered under RERA, the customer may file a complaint with the authority or adjudicating officer, appointed under the legislation as per Section 31 of RERA. ... The homebuyers can not only reach out to RERA authority in the State but other legal bodies as well.

RERA: 3

What are the pillars of RERA?

The Real Estate (Regulation & Development) Act, 2016 is considered as one of the landmark legislations passed by the Government of India. Its objective is to reform the real estate sector in India, encouraging greater transparency, citizen centricity, accountability, and financial discipline.

Where is RERA applicable?

It applies to commercial buildings, residential apartments, and plot developed for sale. Area – The registration applies for real estate projects exceeding 500 sq. meters or having more than eight apartments.

How is RERA carpet area calculated?

The RERA has quashed such malpractice. For example, if the built-up area is 1,000 sq ft, 30% (that is, 300 sq ft) is generally not usable and is usually the dry balcony, staircase, etc., while 700 sq ft is the remaining area that will be used and is hence the carpet area.

RERA: 2

What is the use of RERA?

The main aim of RERA is to provide relief to the buyers from the malpractices of unfair builders. RERA specifies certain norms for building and development of real estate which will enhance the transparency in transactions in the real estate sector.

Is RERA compulsory?

Compulsory registration: According to the central act, every real estate project (where the total area to be developed exceeds 500 sq mtrs or more than 8 apartments is proposed to be developed in any phase), must be registered with its respective state's RERA.

Are RERA projects safe?

When you invest in a project registered with RERA, your rights are protected as a buyer. This will ensure that the money meant for your project is not siphoned off to other projects. 3. Homebuyers will pay only for the carpet area and builders cannot charge for the super built-up area, as was the practice until now.