Browse Month: September 2016


Land Measurements


Units of Land Measurements:


1 Hectare = 2.5 Acres
1 Acre = 40 Gunthas
1 Guntha = 121 sq.yards = 101.17 sq.metres
1 Guntha = 33 ft. x 33 ft. = 1089 sq.feet
1 Acre = 4840 sq.yards
1 Acre = 4067.23 sq.metres
1 Acre = 43,560 sq.feet
1 sq. yard = 0.8361 sq.metre
1 sq. metre = 1.190 sq.yards
1 sq. yard = 9 sq. feet
1 sq. metre = 10.76 sq.feet


Measure of Lengths:


10 millimeters (mm) = 1 centimeter (cm)
10 centimeters = 1 decimeter (dm) = 100 millimeters
100 centimeter = 1 meter (m) = 1,000 millimeters
1000 meters = 1 kilometer (km)
12 Inches = 1 foot
3 feet = 1 yard
8 furlongs = 1 mile (5280 feet)


Metric Mass:


1000 grams = 1 kilogram
1000 kilograms = 1 ton



Innovation - Property Management

Innovation – Property Management

What is Innovation?

Innovation is defined simply as a new idea or method.

It can also be summed as Unconventional, Change, Alteration, revolution, transformation, reorganization, restructuring, rearrangement, recasting, remodeling, renovation, variation and more.

Innovation is about creating value for stakeholders by implementing new ideas.

Why is Innovation Important?

There is nothing as permanent as change and hence it is extremely important for organizations to keep deriving new ideas or methods to survive in the changing environment.  Organizations cannot sustain market share or its profit margins over a long period of time unless it is innovative. Failure to innovate will eventually affect prices, declining margins.

What is Innovation in Facility Management?

Innovation in facilities management is the introduction of a new product or process, which delivers tangible and measurable benefits in terms of operational cost reductions, increased efficiency and optimizing building usage and performance. It is not merely process improvements.

Key areas for implementing innovative ideas in Facility Management are:

– Health, Safety & Environment (HSE)

– Maintenance, Testing & Inspection

– Housekeeping

– Operational Management

– Procurement

– Business Continuity Planning

– Leasing & Optimum utilization of space

It is extremely important that organizations allow competent facility management companies to bring in new ideas, give them operational freedom and monitor progress to achieve the desired goals.


Why home is not a good office?


08_09_2016_015_014_008Productivity Falls Over Time; Workers Become Socially Isolated.

The option to work from home is one of the growing trends of the modern professional life around the world but a new UK study warns it may not be as productive in all cases.

The study , by the London School of Economics (LSE), said the benefits of working from home disappeared over time for employees and companies if it was a full-time arrangement.“This study provides a glimpse into a future where flexible working could become business as usual. Whereas once people saw it as a favour and felt the need to reciprocate and give back more to the organisation, in this future they will not,“ Esther Canonico, from the LSE’s department of management, told `The Times’.

Her research discovered that too much home-working means that employees become just as unproductive as those in the office, with staff growing disgruntled about having to pay for extra for bills and missing out on office gossip.

As employees stop regarding working from home as a discretionary benefit or privilege, they start behaving accordingly and revert to “bad habits“.

“The study showed that some homeworking employees feel resentful that employers don’t pay utility bills or cover stationery costs, for example. Some mana gers feel homeworkers take advantage of the situation. If the company expects homeworkers to be a lot more productive or workers expect employers to give them a lot of flexibility and not have to reciprocate in kind, one or both are likely to be disappointed,“ Canonico said.

Those at home every day also become “socially and professionally isolated“, increasingly feeling out of touch, losing confidence in their skills and no longer able to “accurately interpret and use information“.

Emails can be misinterpreted, whereas the signals are usually clear in a face-to-face meeting, the study found.

Sep 08 2016 : The Times of India (Mumbai),


Real Estate (Regulation & Development) Act, 2016

  • Tejas Ubale, Founder & Managing Partner, One Stop Solutions, OS2


The much awaited Real Estate (Regulation & Development) Bill has been envisaged as a landmark reform for the real estate sector and as a milestone for the industry. The bill is expected to bring in more transparency and efficiency into the system.

2016 has been a year of challenges for the real estate industry and one of the major challenge is of putting a reliable system.

The Real Estate (Regulations and Development) Bill seeks to balance out the interest of all the stakeholders.

Some Concerns..

With many projects in the advanced stages of construction or in the process of a handover, further clarity is needed on the applicability of the key conditions of the Bill on existing projects. For instance, guidance on establishing escrow accounts for projects, etc.

Clear guidelines are required on whether projects recently approved, but not formally launched, would be governed by the Bill or not.

The financial penalty for the contravention of the provisions of the law is 5 to 10 percent of the estimated project cost/building cost could help avoid ambiguity at a later stage.

No inclusion of any guidelines regarding the operation and maintenance phase of the project until handover of same to Residents Welfare Association. The cost and services component of this phase of the project are included in customer agreements, and the level/extent of the service provided has often been a key area of concern for customers and developers alike.

There is still a need for a clear definition of the term ‘structural defects’ to avoid any ambiguity or misinterpretation in the future.

A Conference to discuss Real Estate (Regulation & Development) Act, 2016 was held on 31st August 2016 @ Novotel Mumbai.

Some of the speakers at the conference were Mr. Sanju Ahooja, Head Legal – L & T Realty, Mr. Sandeep Dave, Partner – Cyril Amarchand Mangaldas, Col Rajbir Malik, CEO & Director, Rare Townships Pvt Ltd., Mr. Mukund Rathi, SVP – Lavasa Corp Ltd., Mr. Ishtiaq Ali, Senior Partner – Orbit Law Services, Ms. Divya Malcolm, Principal Associate – Kochhar & Co.

Mr. Tejas Ubale, Founder & Managing Partner was the chairperson for the conference.