How to disinfect furniture during the outbreak of COVID-19

According to the latest studies corona virus can remain on metal surfaces such as door handles and wood for 4 days to 5 days. Although experts are of the opinion that it does not call for nervousness, proper cleaning is required to remove various types of germs.

Proper use of thorough hand washing, masks and hand sanitizers ensures personal safety. However, if you are wondering what you can do to keep your home furniture free from viruses, here are some tips that may help.

Start with vacuum-cleaning upholstered surfaces. Do not take the cushions out of your cover as they may shrink in the wash and do not sit on the pillow. To disinfect them, use a spray-on, homemade disinfectant that includes a 60 to 90 percent rub - isopropyl - 2-to-1 ratio from alcohol to water. You can also add 7 grams of bleaching powder to 1 liter of water to make it an effective disinfectant. Spray your disinfectant solution on all surfaces of your mattress, including the top, bottom and sides.

Hold the bottle 6 to 8 inches from the furniture, spray it until it is covered with a light mist. For metal surfaces such as door handles, security locks, keys, etc. 70% alcohol can be used to wipe surfaces where the use of bleach is not appropriate. Do not wipe the disinfectant solution from the surface, let it dry by itself

Wipe the tabletop, end table, wooden arms and other hard surfaces of your furniture with a cloth to soak them in your homemade disinfected clothes. The surface should remain wet for at least 1 minute to disinfect the piece completely. Trick should be done once or twice a day to remove germs, but if someone is ill in your house, you may want to wipe the surfaces frequently.

Furniture with multiple coats of finish can be damaged by repeated use of harsh detergents or alcohol-based disinfectants. Therefore make sure that you will not back down from disinfecting such sensitive surfaces.

No studies have proven that sunlight can kill corona virus, however, sunshine and clean air are miracles of work, and ultraviolet rays kill a lot of other bacteria and germs. Keep your movable furniture in the sun for a few hours to make them feel fresh and get rid of any odor. Make sure that you do not keep the wooden furniture in the sun for a long time to avoid any fading or discouragement.

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Noida developers present housing society as quarantine facility

Two NCR-based developers have offered the Noida administration a deported housing society that can be used as a temporary quarantine facility.

Under the Uttar Pradesh chapter of the National Real Estate Development Council (NAREDCO-UP), realty developers Supertech and Antriksh Group have offered 500-bed facilities at two locations in Noida. Noida has the highest number of COVID-19 cases in UP.

In this regard, NAREDCO UP has sent a letter to the district administration. While Supertech has offered 400 bed space, Antriksh Group has offered 100 bed space for quarantine. In addition Supertech has dedicated a special tower for quarantine if necessary.

“Naredco UP has offered 500 bed spaces to the district administration to fight coronovirus. As the number of positive cases of COVID in the region is increasing, it is our duty to provide a place for quarantine to the district administration,”said RK Arora, president of Naredco UP and chairman of Supertech.

Supertech has offered 400 bed space in the upcountry project (Yamuna Expressway) and has reserved a tower for this reason. Other members Antriksh Group have offered 100 bed space in the Antriksh Golf view project.

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Impact of Corona virus Outbreak on Indian Real Estate

Corona virus outbreaks in Wuhan, China and the recent discovery in Delhi NCR have severely affected business sentiment.

The World Health Organization(WHO) declaring it a global health emergency, business sentiment has been severely affected. The outbreak has created uncertainty about trade and imports not only in China but worldwide. The real estate industry was not spared either. Traders are wary of going to mainland China and production is expected to decline in the coming months. This will have a direct impact on the prices of steel and other articles used in the construction industry in India.

Let us discuss in detail the potential impact of corona virus on Indian real estate and allied industries.

Why will the Indian real estate sector be affected?

India imports heavily from China the articles used in construction activities. Some of these are –

•     Iron and Steel Products
•     Technical construction equipment
•     Electrical equipment
•     Plastic and fiber elements
•     Solar panels

Although India is the second largest producer, it is severely lagged in terms of production capacity, which stands at 106 million tonnes. This heavy reliance on China for steel and steel products is a cause for concern for the industry. With production down in China, prices in allied industries are bound to rise, leading to increased costs and lowering the profit margins of real estate developers in India. The slowdown in the construction industry in China will result in downward pressure on global metal prices.

According to a recent CBRE report, in 2019 there were more than 300 Fortune 500 companies operating in Wuhan, China. Its outbreak will force companies to offer more flexible work practices such as 'work from home' and not co-working spaces. Businesses can delay real estate decisions and restrict new launches. However, the report suggests that mainland China will be more affected by the outbreak, and neighboring countries may only see an inter-dip in business activities.

An Opportunity?

From the Indian business point of view, the outbreak of corona virus may be an opportunity for Indian businesses to increase production capacity and speed up the "Make in India" campaign. The Government of India is encouraging steel companies to increase production capacity and gain larger market share. In the present scenario, the Ministry of Steel, Government of India is preparing a strategy paper for 10 million tonnes of special steel production at a cost of Rs 50,000 crore with 50,000 employment prospects.

In addition, solar panel manufacturing companies can also benefit from reduced supply and bring down long-term costs by increasing production.

In the same spirit, Pankaj Kumar Jain, Managing Director, KW Group, says, "The impact of the corona virus outbreak on the Indian real estate industry will be indirect. Although China is directly affected, supply-side constraints provide an opportunity to explore other avenues for raw material procurement.The industry is already facing global economic slowdown and sluggish demand. Although its outbreak is still not a threat in the Indian scenario, the government should take stringent steps to prevent the spread of infection, so that business sentiment is not further affected. "

In particular, with the recent report of Corona virus reaching Delhi NCR and Noida, the real estate industry needs to curse itself for even worse effects than before. However, the world has faced similar outbreaks like SARS virus, bird flu etc. in the past and has successfully recovered.

Every disaster is an opportunity to scale new heights. Indian real estate and allied manufacturing industries should explore positivity in the landscape and benefit by increasing production and indigenous innovation. The government will do well to prevent further spread of the virus and handle the industry in times of crisis.

Greater Noida Authority refunded excess money to over 5,500 buyers

Thousands of home buyers who bought a house or plot from the GreaterNoida Industrial Development Authority (GNIDA) are likely to get returns. GNIDA has decided to return the additional money taken from 5,520 home buyers a decade ago. During the internal audit process, it was found that the buyers had deposited additional money to the authority.

These buyers invested in housing schemes or plots launched nearly a decade ago in Greater Noida of Sector-2 and 3, MU-01, XU-01, 02, 03, Omicron-01, 02, 03 and 01 A.

GNIDA has experienced tremendous growth and the authorities have started acquiring land between 2007 and 2008. But an objection from the farmers on the additional compensation postponed the land acquisition process in 2011. More than 450 appeals were filed in the Allahabad High Court, and it gave 64.70% additional compensation. For troubled farmers.

After opposing the low compensation amount paid to them in return for the land acquired by the farmers, GNIDA started demanding additional money. As a result, home buyers, plot owners as well as developers had approached the High Court against GNIDA's decision to charge additional fees.

On 18 September 2019, the High Court noted that GNIDA was unable to describe how it was determining the additional compensation to be asked of the allottees. The High Court empowered to reschedule the compensation of the farmer.

Following the High Court order, GNIDA has issued a notice on 30 September 2019 stating that the charge rates of allottees of plot and built-up area have come down from 1,465 / sq m to 1,287 / sqm. A list of 5,520 buyers who paid an additional amount to the authority. The refund amount to such home buyers ranges from Rs 25 to Rs 1.29 lakh.

According to GNIDA CEO Narendra Bhushan, it was observed that there were some errors in calculation of compensation amount, and these allottees were charged an additional 15% on average. After completing the due process, it will be returned to the bank accounts of the beneficiaries. 

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