Monday, 18 October 2021

Environment ministry approves Mumbai's coastal zone management plan

 The decision is also expected to make way for the redevelopment of a large number of eligible housing societies and slums, as these areas can now get a floor-space index (FSI) or permissible development equal to that for the rest of the city.


he Union environment, forest and climate change ministry has approved the Coastal Zone Management Plan (CZMP) for Mumbai and its suburbs, a move that will boost real estate development in the country’s commercial capital and adjoining areas.

The decision is also expected to pave the way for the redevelopment of a large number of eligible housing societies and slums, as these areas can now get a floor-space index (FSI) or permissible development equal to that for the rest of the city.

“Mumbai and its suburban areas face the challenge of a large number of old, dilapidated buildings and existing slum dwellings. The redevelopment of these has posed a challenge, as a result of the existing norms,” said Niranjan Hiranandani, national vice chairman, NAREDCO.

He said the final notification of CZMP for Mumbai will indicate the quantum of land parcels that can be opened up for real estate and construction activities in the city and adjoining areas.

The order, once issued by the National Coastal Zone Management Authority, will allow rehabilitation and redevelopment work in these areas and real estate projects in the region will get a boost.

The authority decided that the CZMP will include the eco-sensitive zones (ESZ), if any, and revise the CZMP accordingly, if needed. It also decided that the activities and projects prohibited in the notified ESZ falling within approved CZMP, if any, shall remain prohibited in that area.

A clarification on the Flamingo Sanctuary will be issued within a fortnight. This, along with the CZMP, is expected to enable commencement of government schemes, once the announcement is notified.

These announcements are likely to bring to a conclusion both of these issues, and enable development of locations within Mumbai and its suburban areas.

Realty developers have urged the Maharashtra and central governments to take effective steps to issue the final notification of the eco-sensitive zone around the Thane Creek Flamingo Sanctuary to enable continuity of existing construction activity in Mumbai, Thane, MIDC, Navi Mumbai and Raigad.

The central government in its earlier guidelines for the declaration of eco-sensitive zones around 662 protected flora and fauna zones had fixed 10 km as the general norm for determining such zones. Some state governments had objected to this as the formula covered several urban habitations situated close to national parks and sanctuaries.

Home registrations in Mumbai region up 35% in September 2021: Knight Frank

Mumbai BMC region (Churchgate to Dahisar and Colaba to Mulund) recorded its best September month performance. Recording 35 per cent YoY growth in property registrations in September 2021, 7,556 units is a 10-year best performance in the month of September," Knight Frank said in a statement.

NEW DELHI: Registration of housing properties in the Mumbai municipal region increased 35 per cent year-on-year to 7,556 units during this month on rising demand, according to Knight Frank. The registrations for September 2021 were 87 per cent higher compared to the pre-pandemic period of September 2019.

"Mumbai BMC region (Churchgate to Dahisar and Colaba to Mulund) recorded its best September month performance. Recording 35 per cent YoY growth in property registrations in September 2021, 7,556 units is a 10-year best performance in the month of September," Knight Frank said in a statement.

The registration data is till 9 am morning.

The consultant highlighted that 94 per cent of property registrations in September 2021 pertain to fresh sales. The share of houses in the Rs 1 crore and above segment has increased to 49 per cent in September 2021, compared to 30 per cent in April 2021 and 40 per cent in June 2021.

Knight Frank said that the government revenue collection increased by a strong 186 per cent YoY in September 2021.

"Higher stamp duty rate and increased sales volume played a role in this robust revenue collection. Higher than the 2019 monthly pre-pandemic average revenue collection rate of Rs 454 crore, the revenue collection stood 14 per cent higher at Rs 516 crore in September 2021," it said.

Shishir Baijal, chairman and managing director of Knight Frank India, said buyers remained active despite the roll-back of the stamp duty incentive.

"Improved pandemic scenario and conducive factors of multi-year low property price and multi-decade-low home loan interest rate have also played an instrumental role," he said.

With the upcoming festival season, Baijal said the market is gearing up for new project launches to benefit from this improved demand conditions.

"Given the prevalence of conducive demand drivers, sales momentum going forward is expected to remain strong," he added.

In Mumbai's primary housing market, Macrotech Developers (Lodha group), Godrej Properties, Oberoi Realty, Hiranandani group, Kalpataru Ltd, Tata Housing, Shapoorji Pallonji, Piramal Realty, Mahindra Lifespace Developers, Rustomjee group and K Raheja group are major players. 

Buying vs Leasing Commercial Real Estate: Pros and Cons of Each

 Many businesses operate out of commercial spaces, whether they be storefronts, factories or offices. If you’re launching a new business, or expanding an existing one, you’ll have to decide whether to rent or buy commercial real estate.


Buying vs Leasing Commercial Real Estate: Pros and Cons of Each
Credits : freepik.com


When you buy a property, you can either pay cash upfront or finance it with a loan. With a lease, you rent the property for a set term, at which point you must renegotiate if you wish to continue using it. Several factors go into choosing the right strategy for your business, including cash outflows, recurring costs, tax implications, property value, business equity and more.


  • - Pros and Cons of Buying Commercial Real Estate

  • - Pros and Cons of Leasing Commercial Real Estate

  • - When Should You Buy or Lease Commercial Property?

Pros and Cons of Buying Commercial Real Estate


Commercial real estate maintains its value over time as long as it's maintained properly — it's a long-term asset. Here are some advantages and disadvantages of buying a piece of commercial property.


Pros of buying commercial propertyCons of buying commercial property
Equity in the property builds over timeUpfront down payment required
Asset value appreciates over timeDifficulty qualifying for financing
Potential for rental incomePrepayment penalties on loans
Tax breaks for interest, depreciation and non-mortgage expensesLiability insurance required
Control of the propertyPotential for loss of liquidity or capital

Pros of Buying


Building equity:If you pay all cash, you own 100% of the property right away. If you take out a loan, your down payment and monthly payments build equity in the property. If you refinance or sell the property, your equity is the difference between the property’s fair market value and the remaining loan balance, and it helps build the overall value of your business.

Appreciating asset: Owning commercial real estate allows you to benefit from capital appreciation — the increase in your property’s value over time. The rate of appreciation varies with the inflation rate, local supply and demand conditions, interest rates and other factors.

Rental income: Typically, a business that buys commercial property occupies at least 51% of it. This is because lenders classify the real estate as an investment property when the ownership share is 50% or less — a factor that makes it harder to qualify for the loan. If you have leftover space, you might want to rent it out to tenants and create a secondary income stream. For instance, if you buy a small building, you might rent out the ground floor to a retailer, restaurant, travel agency or another business.

Tax breaks: You can deduct interest and depreciation on your commercial property as a tax break.

Control: When you own property, you have control over it (within the confines of zoning restrictions), which means you don’t have to negotiate with a landlord if you want to reconfigure the space. You’ll also make fixed monthly mortgage payments, instead of a rent payment that can be changed whenever a lease expires.


Cons of Buying


Upfront spending: Typically, you’d have to make a down payment of 10% to 40% of the property’s value, and you’ll also have to pay for closing costs and origination and appraisal fees. For example, on a $1 million property, you can expect to pay anywhere from $100,000 to $400,000 out of pocket for the down payment and other fees.

Difficulty qualifying for financing: You may have trouble qualifying for a commercial real estate loan with a reasonable interest rate if you or your business cannot get approved for bank financing. While the best commercial real estate loans can have interest rates below 4%, loans made by hard money lenders can have rates of 10% or more. In this case, it may be more cost-effective to lease.

Prepayment penalties: Many commercial real estate loans come with hefty prepayment fees or other penalties specific to commercial real estate, in the form of yield maintenance or defeasance, if you prepay the loan balance.

Liabilities: You are responsible if someone is hurt on your property, which means you’ll have to pay for a liability insurance policy to protect yourself from lawsuits. If you rent out part of the property, you are subject to property manager liability, which will require additional insurance and property upkeep. Furthermore, many loans may require a personal guarantee, which makes you personally liable to repay the loan if your business cannot.

Loss of liquidity or capital: There is always the chance that your property’s value will decline and you might take a capital loss if you decide to sell, which is a drawback. Plus, you may also have liquidity issues since your money would be tied up in the property. To recover your money, you’d have to sell or do a partial cash-out refinance. What’s more, the money tied up in the property could have been used for other opportunities had you leased instead.


Pros and Cons of Leasing Commercial Real Estate


Commercial leases typically run from five to 10 years. You can use the property during the lease, subject to any restrictions built into the lease agreement.


Pros of leasing commercial propertyCons of leasing commercial property
Access to more liquidityNo equity or benefits from appreciation
Fixed monthly costUnable to collect passive income
Tax breaks for property expensesHigh rent expenses
Flexibility to leave the propertyNo control of the space

Pros of Leasing


More liquidity: You tie up significantly less of your cash because you don’t need to make a down payment to move into the space. However, you should expect to pay upfront fees for an attorney, broker, prelease inspection and security deposit.

Fixed monthly cost: When leasing, you generally won’t have to pay for any significant maintenance, repairs or upkeep to the property, though you may be expected to pay for minor repairs. Instead, you’ll know exactly what you need to pay each month without the worry of unanticipated, expensive repair costs.

Tax breaks: You may deduct these costs as incurred: Lease payments, property insurance, property taxes (depending on the lease type), utilities and maintenance. You can deduct your entire lease payment, in contrast to a mortgage’s interest-only deduction.

More flexibility: Qualifying for a lease is oftentimes easier than qualifying for a commercial real estate loan, so you have more options when it comes to picking a space. You can also move when the lease is up without having to sell the property. You might be able to afford to lease a property that is too expensive to buy, which can help you get into a prime or strategic location.


Cons of Leasing


No equity or appreciation: You don’t accumulate any equity when you lease, although some contracts have a lease-to-own commercial property feature that allows you to apply a portion of the rent you’ve already paid toward the purchase of the property. Without equity, you don’t benefit from capital appreciation.

No passive income: You aren’t the landlord and thus cannot collect rent from others, losing secondary income you could gain from owning property.

Rent is expensive: Your monthly rent payments will usually exceed mortgage payments on the same property. The typical triple-net lease agreement makes tenants responsible for monthly retail insurance, property taxes, utilities and maintenance costs. When added to the lease payment, your costs are greater, although after-tax costs depend on the situation.

No control: The lease may have restrictions and even early termination clauses that hamstring the tenant’s ability to control the rental space. You have no control over rent hikes when the lease expires, and if you go out of business, you must continue paying rent or face penalties.


When Should You Buy or Lease Commercial Property?


Typically, it makes more sense to buy if you have enough cash for the down payment and six months’ worth of mortgage payments without causing your business to hit a cash crunch. Purchasing might be a good option if you:


  • Want to rent out part of the space to generate a secondary income stream

  • Plan to build equity in the property

  • Want to reorganize the space as you see fit

On the other hand, leasing might be the right answer if you want:


  • - The flexibility to move out at the end of the lease

  • - To avoid tying up your money in the down payment

  • - More tax deductions on the leasing costs

  • - Freedom from the responsibility of maintaining the property, depending on your lease

  • - To operate in a space too expensive to purchase

If you are interested in purchasing commercial real estate, you should consider a loan guaranteed by the Small Business Administration (SBA) as a first option. The SBA offers two loan programs that can be used for commercial real estate: 7(a) loans and 504 loans. While 7(a) loans are general-purpose loans, 504 loans are specifically designed for the purchase or refinance of commercial property.

Avoid These Mistakes When Selling Your Home

 Selling your home can be surprisingly time-consuming and emotionally challenging, especially if you’ve never done it before. At times it may feel like an invasion of privacy because strangers will come into your home, open your closets and cabinets, and poke around. They will criticize a place that has probably become more than just four walls and a roof to you, and, to top it all off, they will offer you less money than you think your home is worth.


With no experience and a complex, emotional transaction on your hands, it’s easy for first-time home sellers to make lots of mistakes. However, with a little know-how you can avoid many of these pitfalls. Read on to find out how to sell your house while getting the highest possible price within a reasonable time frame without losing your mind.



Avoid These Mistakes When Selling Your Home
Credits : freepik.com


KEY TAKEAWAYS

  • Keep your emotions in check and stay focused on the business aspect of selling your home.

  • Hiring an agent may cost more in commission, but it can take a lot of the guesswork out of selling.

  • If you decide to sell on your own, set a reasonable sale price and keep the time of year in mind.

  • Prepare for the sale, don’t skimp on the visuals in your listing, and disclose any issues with the property.

GETTING EMOTIONAL

It’s easy to get emotional about selling your home, especially your first one. You spent a great deal of time and effort to find the right one, saved up for your down payment and furniture, and created many memories. People generally have trouble keeping their emotions in check when it comes time to say goodbye.

Think it’s impossible? It’s not. Once you decide to sell your home, start thinking of yourself as a businessperson and salesperson rather than just the homeowner. In fact, forget altogether that you’re the homeowner. By looking at the transaction from a purely financial perspective, you’ll distance yourself from the emotional aspects of selling the property.

Also, try to remember how you felt when you were shopping for that home. Most buyers will also be in an emotional state. If you can remember that you are selling a piece of property as well as an image and a lifestyle, you’ll be more likely to put in the extra effort of staging and doing some minor remodeling to get top dollar for your home. These changes in appearance will not only help the sales price; they’ll also help you create emotional distance because your home will look less familiar.

TO HIRE OR NOT TO HIRE AN AGENT

Although real estate agents command a hefty commission—usually 5% to 6% of the sale price of your home—it’s probably not a great idea to try to sell your home on your own, especially if you haven’t done it before.It can be tempting, especially if you’ve seen all those “for sale by owner” signs on people’s front lawns or on the internet. So does it pay to hire an agent?

A good agent generally has your best interests at heart. They will help you set a fair and competitive selling price for your home, increasing your odds of a quick sale. An agent can also help tone down the emotion of the process by interacting with potential buyers and eliminating tire kickers who only want to look at your property but have no intention of making an offer.

Your agent will also have more experience negotiating home sales, helping you get more money than you could on your own. And if any problems crop up during the process—and they commonly do—an experienced professional will be there to handle them for you. Finally, agents are familiar with all the paperwork and pitfalls involved in real estate transactions and can help make sure the process goes smoothly. This means there won’t be any delays or glitches in the deal.

After reading all this, should you really hire an agent? Only you can decide.

WHAT TO DO IF YOU DON’T USE A REAL ESTATE AGENT

So you’ve decided not to hire an agent. That’s fine, because it’s not like it can’t be done. There are people who sell their own homes successfully. Remember, though, you’ll need to do your research first—on recently sold properties in your area and properties currently on the market—to determine an attractive selling price. Keep in mind that most home prices have an agent’s commission factored in, so you may have to discount your price as a result.

You’ll be responsible for your own marketing, so make sure to get your home on the multiple listing service (MLS) in your geographic area to reach the widest number of buyers. As you have no agent, you’ll be the one showing the house and negotiating the sale with the buyer’s agent, which can be time-consuming, stressful, and emotional for some people.

Since you’re forgoing an agent, consider hiring a real estate attorney to help you with the finer points of the transaction and the escrow process. Even with attorney’s fees, selling a home yourself can save you thousands. If the buyer has an agent, however, they’ll expect to be compensated. This cost is typically covered by the seller, so you’ll still need to pay 1% to 3% of the home’s sale price to the buyer’s agent.

SETTING AN UNREALISTIC PRICE

Whether you’re working with an agent or going it alone, setting the right asking price is key. Remember the comparative market analysis you or your agent did when you bought your home to determine a fair offering price? Buyers will do this for your home, too, so as a seller you should be one step ahead of them.

Important : You may think your home is worth more, but remember to set a realistic price based on comparable homes in the area. Absent a housing bubble, overpriced homes generally don’t sell. In a survey conducted by the informational home sale website HomeLight.com, 70% of real estate agents said that overpricing is the number one mistake that sellers make. Don’t worry too much about setting a price that’s on the low side, because in theory this will generate multiple offers and bid the price up to the home’s actual market value. In fact, underpricing your home can be a strategy to generate extra interest in your listing, and you can always refuse an offer that’s too low.

EXPECTING THE ASKING PRICE

Any smart buyer will negotiate, and if you want to complete the sale, you may have to play ball. Most people want to list their homes at a price that will attract buyers while still leaving some breathing room for negotiations—the opposite of the underpricing strategy described above. This may work, allowing the buyer to feel like they are getting good value while allowing you to get the amount of money you need from the sale.

Of course, whether you end up with more or less than your asking price will likely depend not just on your pricing strategy but also on whether you’re in a buyer’s market or a seller’s market and how well you have staged and modernized your home.

SELLING DURING WINTER MONTHS

Believe it or not, there really is a right time to sell during the year. Winter, especially around the holidays, is typically a slow time of year for home sales. People are busy with social engagements, and the cold weather across much of the country makes it more appealing just to stay home. Because fewer buyers are likely to be looking, it may take longer to sell your home, and you may not get as much money. However, you can take some consolation in knowing that while there may not be as many active buyers, there also won’t be as many competing sellers, which can sometimes work to your advantage.

You may be better off waiting. Barring any mitigating circumstances that may force you to sell during the winter or holidays, consider listing when the weather begins to warm up. People are usually ready and willing to purchase a home when it’s warmer.

SKIMPING ON LISTING PHOTOS

Whether you’re working with an agent or going it alone, setting the right asking price is key. Remember the comparative market analysis you or your agent did when you bought your home to determine a fair offering price? Buyers will do this for your home, too, so as a seller you should be one step ahead of them.

Important : You may think your home is worth more, but remember to set a realistic price based on comparable homes in the area. Absent a housing bubble, overpriced homes generally don’t sell. In a survey conducted by the informational home sale website HomeLight.com, 70% of real estate agents said that overpricing is the number one mistake that sellers make. Don’t worry too much about setting a price that’s on the low side, because in theory this will generate multiple offers and bid the price up to the home’s actual market value. In fact, underpricing your home can be a strategy to generate extra interest in your listing, and you can always refuse an offer that’s too low.

NOT CARRYING PROPER INSURANCE

Your lender may have required you to acquire a homeowners insurance policy. If not, you’ll want to make sure you’re insured in case a viewer has an accident on the premises and tries to sue you for damages. You also want to make sure there are no obvious hazards at the property or that you take steps to mitigate them (keeping the children of potential buyers away from your pool and getting your dog out of the house during showings, for example).

HIDING MAJOR PROBLEMS

Think you can get away with hiding major problems with your property? Any problem will be uncovered during the buyer’s inspection. You have three options to deal with any issues. Either fix the problem ahead of time, price the property below market value to account for it, or list the property at a normal price and offer the buyer a credit to fix the problem.

Remember: If you don’t fix the problem in advance, you may eliminate a fair number of buyers who want a turnkey home. Having your home inspected before listing is a good idea if you want to avoid costly surprises once the home is under contract. Further, many states have disclosure rules. Some require sellers to disclose known problems about their homes if buyers ask directly, while others decree that sellers must voluntarily disclose certain issues.

NOT PREPARING FOR THE SALE

Sellers who do not clean and stage their homes throw money down the drain. Don’t worry if you can’t afford to hire a professional. There are many things you can do on your own. Failing to do these things can reduce your sales price and may also prevent you from getting a sale at all. If you haven’t attended to minor issues, such as a broken doorknob or dripping faucet, a potential buyer may wonder whether the house has larger, costlier issues that haven’t been addressed either. Have a friend or an agent, someone with a fresh pair of eyes, point out areas of your home that need work. Because of your familiarity with the home, you may be immune to its trouble spots. Decluttering, cleaning thoroughly, putting a fresh coat of paint on the walls, and getting rid of any odors will also help you make a good impression on buyers.

NOT ACCOMMODATING BUYERS

If someone wants to view your house, you need to accommodate them, even if it inconveniences you. And yes, you have to clean and tidy the house before every single visit. A buyer won’t know or care if your house was clean last week. It’s a lot of work, but stay focused on the prize.

SELLING TO UNQUALIFIED BUYERS

It’s more than reasonable to expect a buyer to bring a pre-approval letter from a mortgage lender or proof of funds(POF) for cash purchases to show that they have the money to buy the home. Signing a contract with a buyer may be contingent on the sale of their own property, which may put you in a serious bind if you need to close by a particular date.

THE BOTTOM LINE

Learning how to sell a house is crucial. Make sure you prepare mentally and financially for less-than-ideal scenarios, even if you don’t make any of these mistakes. The house may sit on the market for far longer than you expect, especially in a declining market. If you can’t find a buyer in time, you may end up trying to pay two mortgages, having to rent your home out until you can find a buyer, or, in dire situations, in foreclosure. However, if you avoid the costly mistakes listed here, you’ll be a long way toward putting your best foot forward and achieving that seamless, lucrative sale for which every home seller hopes.

15 easy vastu tips for your home

 When it comes to our new home, we do everything to make sure it is absolutely perfect. A part of that process involves making sure our house is Vastu Shastra compliant.


Even if you didn’t take Vastu into account when you were shifting into a new home, but it’s never too late. After all, it is not feasible to rebuild your home to correct all the “Vastu Dosh”, and for that reason, we have put together these 15 easy Vastu tips for you .



15 easy vastu tips for your home
Credits : freepik.com


1. MASTER BEDROOM

Master bedroom is one of the most important rooms in the entire house as it belongs to the head of the family. The headboard of the bed should always be placed on the eastern or southwestern side. This would help give the family a long and healthy life.

2. LIVING ROOM

Another area that most of us make mistakes with is our living room. The sofas in the room should be places in the south and west corners. You can use the entire “L” shaped corner to place as many sofas as you can fit.

3. COOKING POSITION

Cooking is a daily chore for most of us, but did you know that there is a particular side that you should be facing while doing it every day. Eastern side is considered the most auspicious in Vastu Shastra and facing it while cooking can help turn your household energy into positive.

4. PAINTING AND SCULPTURES

One of the easiest Vastu tips that we can give you is to add some paintings or sculptures in your homes. These decoration items should showcase lively things like sunrise, flowers or even animals. This will introduce positive vibes into your homes.

5. CURTAINS

Curtains are something that all of us have at our homes. But the thing that most of us don’t know is that we are supposed to use only light color fabrics for our curtains. Pastel colors like baby pink, blue or yellow can help make us feel calmer.

6. MIRRORS

Another easy tip to introduce positive energy or vibes in our home is by adding mirrors wherever we can. This helps reflect pure energy into every corner of the house making us feel even more comfortable.

7. POTTED PLANTS

Adding potted plants in our house is also a good way to correct some of the Vastu dosh. This gives you a great landscape and also helps cover up some of the negative impacts that the already present Vastu problems are causing.

8. LIGHTING

It is said in Vastu Shastra that having dim lights throughout the house can affect the vibe of the place. To have a more energetic feel in your house, lighting up every room properly is essential.

9. JEWEL CABINETS

Jewelry or valuables are considered a gift of goddess Lakshmi in Hindu culture. For this reason placing the cabinet or cupboard holding your valuables in the right position is a must. Such lockers should always be on the southwest side avoiding the corners.

10. DINING AREA

The dining area is one such room that affects the entire family as it is a place where everyone eats together. The correct place to set up your dining table is the northwest side of the room or kitchen.

11. STUDY TABLE

Families that have kids or are working from home always have a study table. The best place to keep your table is either the east or the north side. This will help your kids built their concentration.

12. AQUARIUMS

Another trick to overcome some of the Vastu problems that your house might have is by adding an aquarium. Live aquatic animals cut down the negative energy that your house might be reflecting.

13. ELECTRIC APPLIANCES

Electrical appliances that give out energies of their own should always be kept in the right direction. For heating appliances like gas or ovens, they should be places in the southeast direction. While for cooling appliances like AC or fridge they should always be on the northwest side.

14. WALL COLOR

The wall color of your room has a great effect on your mood and for this very reason having lighter color walls is recommended. Colors like dark red, black or brown should be avoided.

15. POOJA ROOM

Every Indian home always has a separate pooja room, which is considered a sacred place. The flooring of the room should always be of marble as the stone is considered auspicious for temples.

Thursday, 23 September 2021

A guide to choosing wall colours for each room of your house

Wall colour ideas for the living room


The living room is one of the most important areas of a home, as one tends to spend most of the time here, with family members. It is also the place where home owners entertain guests. You can pick earthy or neutral shades for this area, including aqua mint, French vanilla, emerald green or white. If you want regular colours for your home, you can pick grey, blue or beige. Black is an unusual colour for the living room but you can use it, if you want to add a non-obvious element to your living room.



Simple pooja room designs for Indian homes
Credits : freepik.com


Wall colour ideas for the dining room


If you want your dining room to look compact and cosy but full of energy, you can pick warmer tones of red and yellow. If you want to make the room look bigger, opt for brighter tones of green, yellow or purple colours for the dining room and perk it up with drapes in complementing colours. You can also use metallic wallpaper, to add some glam to the room.


Wall colour ideas for the study room


While red is the perfect colour for improving focus and concentration, you can also experiment with different shades of green, deep greys or silver, as these shades are said to improve creativity and help in focusing. Orange and yellow are other preferred colours for the study room, as it increases alertness.


Wall colour ideas for children’s rooms


Pale pink, baby blue or softer tones of yellow, are the most popular colours for children’s rooms. Since these are soothing hues, they will have a calming effect on your child. Also, if you want to pick some unusual colours for the room, make sure you select a brighter shade, to add some enthusiasm.


Wall colour ideas for the bedroom


The bedroom should be painted in soothing colours, to make it the most calming place in your home. You can pick colours like lavender, soft green, pale blue, soft grey and deep blue, for your bedroom. You can also pick lighter tones of these colours or alternatively, you can select cream or white colour for your bedroom.


Wall colour ideas for the guest room


You can pick a combination of colours for decorating your guest room, such as eggshell hues, shades of lemon, creamy neutrals or sea colours. Additionally, a chocolate brown colour is a perfect selection for your guest room, to make it look cosy and comfortable. You can complement it with solid wood furniture, to make your guests feel welcome.


Wall colour ideas for the kitchen


Ideal colours for the kitchen include white, grey, yellow and green. These colours will make your kitchen appear bright. Warmer tones stimulate the appetite. So, you can select hot chilli or orange colour, to make your kitchen a foodie’s haven.


Wall colour ideas for the bathroom


Use any cooler tones of blue, green, or creamy white, to paint your bathroom into a relaxing zone of your home. Grey and pure white are other options, if you do not want to experiment. Pistachio is another modern colour tone that you can select, to convert your bathroom into a soothing space.


Wall colour ideas for the exterior


Choosing a perfect colour for the exteriors is equally difficult. The exterior look defines the personality of not just the house but also its occupants. Therefore, it has to be chosen, keeping in mind the overall vibe of the house. If the key theme is minimalism, you might want to keep the exterior simple and classy. You can opt for glass panels, along with brick tiles in different colours. Other than this, the latest trend is to use pop colours with a combination of deep blue or cream. While white is one of the most popular options to choose from, its maintenance and frequent white-washing will be an added expenditure for you.


Wall texture paints


Texture paint, unlike flat paint, gives a slightly rough and gritty look to your walls. This adds a rustic appeal to walls, which is far better as compared to wallpapers or any type of paint finish. To get this look, you can opt for simple paint swatches for a focal wall featuring beautiful textures. Since textured focal walls can add shadow, depth and structure to a bedroom in a beautiful and unique way, people prefer decorating the focal wall – usually the one behind the headrest – with textured paint.


Types of wall texture paints


Mosaic texture: This texture gives a tile-like appearance. It is achieved, using combing texture application techniques, where comb-like instruments or stencils are used to create patterns such as zigzags, checkerboards, wavy lines or swirls in wet paint, to attain the desired effect. Rustic texture: To give your bedroom a cool, raw feel, dip a rag into the paint, squeeze out the excess paint and roll it along the wall for a gorgeous, uneven look. Brick texture: A brick texture can be created by applying a brick-like pattern over the focal wall, using a stencil roller, which can be dipped in thick paint and then rolled across the wall. Marble texture: To give a Victorian look to your walls, opt for marble texture. This can be attained by the process of smooshing, where a glaze is applied to a wall, on which a plastic sheet is then placed, before it dries. Faux animal skin: You can opt for faux crocodile wallpaper, to add texture to an otherwise clean, classic space. Dark colours with a little gloss over them, blend well with open spaces. Neutral glasscloth: Such wallpapers bring out warmth, while also introducing texture, as it is made from natural fibers. Ideal for cozy settings, this is a must-have for a small living room.


Things to know about wall texture paint


Usually, there are four types of texture paints: tactile, natural, artificial and visual. When combined with each other, these give more versatile options. It is important to scrub the walls with sandpaper before applying the texture paints, to get the optimum look. Applying primer is also important, to get the required finish. The textures can be easily made with simple paint strokes, rollers and stencils, or with materials like stone and wood. Before applying wall paint textures, it is mandatory to scrape the walls, to remove any glue, debris and other solid particles. Although there are several ways to scrape the walls, the easiest way is to use sugar soap solution. You can mix some amount of sugar soap with water and rub it over the walls a couple of times to end up getting a clean wall.


Types of paints and finish for home wall colours


Once you have decided the wall colours, you have to be sure which paint is best for your home. The type of paint you choose is as important as the colour and can have a major impact on the final look of your room, the quality of the paint job and the overall vibe that you want to have. To decide the type of paint, it is important to consider factors such as how big the room is, where the room is located and what kind of look you are planning to achieve. Here are different types of wall paints and their advantages and disadvantage


Type of wall paintAdvantagesDisadvantages
Water-based paintsEasy to use, doesn’t require a pre-treatment, quick drying, can be used on almost all surfaces, doesn’t fade in sunlight.Don’t last long, doesn’t give a rich look, can peel from dampened walls.
Oil-based paintsGives a glossy look, good for high-moisture rooms, easy ‘leveling’, durable finish.Takes too long to dry, Very hard to wash and has a messy process.


Type of wall paint finishFeatures
Matte paintLeast reflective sheen, velvety texture, hides imperfections in walls and offers great depth of colour.
Eggshell and satin paintImproved durability, somewhat reflective and easy to clean.
Semi-gloss and gloss paintMost reflective, ideal for accent walls, highly durable and easiest to clean.


Where to use which type of paint colour at your home


Type of paintArea
Acrylic paintCeiling and living room walls.
Mid-sheen emulsions like silk or velvetFor rooms which get medium or low sunlight.
Low-sheen paintsCeilings and rooms which get direct sunlight.
Matte finishDeep-coloured walls which get more than usual sunlight.
Semi-gloss paintFor bathrooms and kitchens or areas which are exposed to humidity.
High-gloss paintFor wooden and metal surfaces.
Teflon surface protector paintsKids’ room or areas that are prone to staining.
Weather-coat external paintExteriors.


Tips for choosing the perfect colours for your home


1. Stick to your favourite colours: It will be your personal guide to choosing colours. For example, simply open your wardrobe and understand your subconscious preference and choose the colour that your mind picks.

2. Use existing furniture to select an accent colour: Choose a quieter shade or complementary shade, to accentuate your furniture. For instance, if you have a yellow lamp, you can pick a very light shade of lemon in the backdrop, to let the lamp take more dominance.

3. Consider the room’s size: If you want to make your room look bigger, opt for lighter shades but if you want the room look cosy, choose a darker shade.

4. Keep the overall colour theme in mind: Take the help of a colour shade card, when deciding colours for different parts of your home. There should be a proper flow from room-to-room.

5. Take note of the lighting: Keep in mind the kind of lighting your room will have, before you choose a wall paint colour. While natural light shows the true colour of the paint, incandescent lights bring up the warmer tones, while fluorescent lights highlight sharp blue tones.

6. Room function and mood setting: Consider both these factors, before deciding the colour. If you want the room to be a high-energy area, use warm tones but if you want to use the space for relaxing, consider cool colours such as blue and grey. Also, you can choose different levels of sheen according to how the room will be used.

7. Trial and error method: Use different paint samples in different parts of the wall, to pick the best colour. This method never fails as you can see how different wall paints will look like.


Trendy colour combinations for your home


Any pastel shadePink, mauve and baby blue
PurpleGunmetal grey
Soft pinkTurquoise
Aquarium blueGrape
BlueYellow
OrangeWhite
Navy blueWhite
Shades of greyMonochrome grey
CreamAqua
BrownGreen