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20 of Europe’s Most Anticipated Luxury Hotel and Resort Openings

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20 of Europe’s Most Anticipated Luxury Hotel and Resort Openings

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(credit: Mandarin Oriental)

Last, but certainly not least, in our four-part installment of the most anticipated luxury property openings around the world, sees is go to the continent of Europe. Comprised of 44 countries, Europe is steeped in history and decadence of years gone by and continues to be a global hub for travelers. So, if you are looking for hot new spots to stay while roaming the continent, here is a list of new luxury openings in Europe.

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(credit: Maison Pariente)

Hotel Le Grand Mazarin – scheduled opening: Q1 2023

Maisons Pariente, a family venture, has chosen to open its latest hotel, Hotel Le Grand Mazarin, in the 4th arrondissementin Paris. Set in the vibrant Le Marais, famous for old-world charm, hidden courtyards and gardens and narrow cobblestone streets, the hotel is located in the heart of the Marais and is the first urban hotel of the brand’s collection. With 61 uniquely decorated rooms and suites, a spectacular restaurant and bar and a swimming pool, Hotel Le Grand Mazarin offers a festive, unexpected and privileged experience that’s an ode to the City of Light.

 

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(credit: JW Marriott Hotel Madrid)

JW Marriott Hotel Madrid – scheduled opening: Q1 2023

In the urban center of Madrid in Plaza de Canalejas, JW Marriott Hotel Madrid revives the 19th century structure with elegant décor throughout. The restored building is expected to house 139 guestrooms, including two floors of suites featuring outdoor terraces and international dining experience served in the restaurant. The hotel will focus on providing a destination for guests to rediscover a balance in mind, body and spirit in their various wellbeing spaces.

 

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(credit: courtesy of Peninsula Istanbul)

The Peninsula Istanbul –scheduled opening: Early 2023

Located at the new waterfront revitalization project, Galataport, in Istanbul’s historic Karaköy district, The Peninsula Istanbul will soon serve as the cornerstone of Galataport. Along with an outdoor swimming pool overlooking the Bosphorus, the Lobby restaurant offers water views, which nods to its history as an early 20th-century ferry terminal. From its 177 opulent guestrooms and suites to its various sophisticated restaurants and one-story shopping arcade with exquisite luxury shopping, it will surely become a destination for its ancient Turkish tradition of hammam steam baths at the decadent The Peninsula Spa.

 

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(credit: Six Senses Rome)

Six Senses Rome – scheduled opening: Early 2023

Offering sustainability and wellness in a downtown setting, Six Senses Rome is the company’s first property in Italy. Located on the Piazza di San Marcello and designed by Patricia Urquiola,it is just a few steps away from iconic landmarks such as the Pantheon and Trevi Fountain and will feature 95 rooms and suites, a restaurant, spa and rooftop terrace showcasing 360-degree views of the Eternal City. 

 

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(credit: Six Senses Crans-Montana)

Six Senses Crans-Montana (Switzerland) – scheduled opening: Early 2023

Located in the canton of Valais just two hours from Geneva by car or train. The resort will include two restaurants, and a 22,000-square-foot spa specializing in Alpine treatments and will be great for high-altitude adventures in both summer and winter alike.

 

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(credit: Nobu Hotels)

Nobu Hotel and Restaurant San Sebastián – scheduled opening: Q2 2023

Nobu Hotel and Restaurant San Sebastián will have a strong focus on cuisine, local culture and architectural design. The intimate 20 luxuriously appointed guest rooms and suites hotel is situated on the site of the famed Palacio Vista Eder overlooking La Concha Bay. The property will also feature a signature 98-cover Nobu restaurant offering panoramic views of the city along with a menu of iconic Nobu dishes.

 

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(credit: Nobu Hotels)

Nobu Hotel and Restaurant Roma – scheduled opening: Q2 2023

Set to open in Q2 of 2023, this property is Nobu Hospitality’s first Italian hotel and the opening will transform the luxurious Grand Hotel into a Nobu Hotel and Restaurant. Located in the historic heart of Rome, on the exclusive world-renowned Via Veneto, this hotel is a collaboration with Carlo Acampora, Chairman and CEO of Grand Hotel Via Veneto. Nobu Hotel Roma will house 122 guest rooms and suites, a spectacular green-rooftop terrace, a full-service city spa and a Nobu Restaurant offering 24-hour in-room dining and an exclusive club lounge for enjoying world-class music.

 

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(credit: Raffles London at The OWO)

Raffles London at The OWO Hotel – scheduled opening: Spring 2023

Raffles London at The OWO and The OWO Residences by Raffles will be the brand’s first opening in London in the heart of Whitehall. Located in the building that once was inhabited by Britain’s most famous statesmen and spies, the former Grade II* listed Old War Office on Whitehall, it will feature 120 rooms and suites, 85 residences, nine restaurants and three bars, including three restaurants and an extensive spa and health club. One of – if not the most – highly anticipated hotel to debut in 2023, the project will open to international guests for the first time in its 100-year history welcoming a new era of sophistication just a stone’s throw away from the Horse Guards Parade and other notable landmarks like Buckingham Palace.

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(credit: Oetker Collection)

Hotel La Palma, Capri – scheduled opening: Spring 2023

The elegant and exclusive 50-room-and-suite Hotel La Palma, Capri is located a few mere steps from the famous Piazzetta, reimagining a Capri icon, Capri’s first hotel, built in 1822, the hotel is the Oetker Collection’s first Italian hotel. Set to become the new epicenter of the island’s social scene, the hotel was designed by Francis Sultana and will comprise a rooftop restaurant and bar, its own beach club, pool deck, spa and high-fashion boutiques. On Capri’s southern coast at Marina Piccola, home to the island’s most famous beaches and restaurants, the hotel is set to bring back to life the island’s iconic dolce vita lifestyle.

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(credit: courtesy of One&Only Aesthesis)

One&Only Aesthesis – scheduled opening: Spring2023

As the brand’s second hotel in Europe, One&Only Aesthesis ties the glamour and nostalgia of the past with a modern, ultra-luxury resort experience on the Athens Riviera. On the dramatic Glyfada seafront, the 21-hectare beachfront resort celebrates the ancient wonders of Athens with its design paying homage to mid-century design. Along with 127 private rooms and breathtaking suites, 12 One&Only Private Homes are available for purchase, a destination beach club, two secluded beaches and a haven of wellness at Chenot Spa. The ultimate accommodation at One&Only Aesthesis is One&Only’s signature Villa One. Luxury exudes in the 5,500 sq. ft. interior while the living space flows seamlessly into over 9,900 sq. ft. of outdoor space accentuated by a private pool and fireplace.

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(credit: Mandarin Oriental)

Mandarin Oriental Costa Navarino – scheduled opening: Spring 2023

Marking Mandarin Oriental Hotel Group’s first property in Greece, Mandarin Oriental Costa Navarino is located on the historic Bay of Navarino on the southwest coast of the Peloponnese. Just a 45 minutes’ drive from Kalamata International Airport, the beachfront resort will comprise 99 guest rooms, including 48 pool villas, all with outdoor terraces and sea views, along with five restaurants and bars and a wellness center facility that is over 16,000 sq. ft. Whilst the project is owned and developed by TEMES, Mandarin Oriental Hotel Group will manage the new luxury hotel.

 

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(credit: courtesy of Peninsula London)

The Peninsula London – scheduled opening: Spring 2023

The elegant, newly built hotel, which nods to the heritage architecture surrounding it overlooks Hyde Park Corner and the Wellington Arch. The Peninsula London will house 131 guest rooms and 59 suites and offer 25 exclusive luxury residences with highly personalized service for owners. With beautiful interiors and views of the city skyline, guests are welcomed first via their expansive inner courtyard, before embarking to one of the destination restaurants, a Peninsula Spa, nine retail boutiques and a grand ballroom.

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(credit: Virgin Limited Edition)

The Son Bunyola Hotel – scheduled opening: Summer 2023

Newest to Sir Richard Branson’s luxury collection of award-winning hotels and retreats, The Son Bunyola Hotel is set in the stunning Tramuntana region of Mallorca. On a spectacular 810-acre estate with history dating back to the 15th century, the boutique 26-bedroom luxury hotel (one of the Tower Suites used to actually be a medieval defense tower) will present sweeping views of the Mediterranean coastline. Rooted at the heart of this conservation project is sustainability in so much that along with restoration of the main Finca, and the Tafona, Virgin Limited Edition’s sustainability initiatives are seen from an advanced water, air conditioning and refrigeration cooling systems.

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(credit: Marriott International)

W Prague– scheduled opening:Q3 2023

Marking the W Hotels debut into the Czech Republic, W Prague will be located on Wenceslas Square in the heart of the buzzing capital city. The hotel infuses the brand’s progressive design and innovative spirit into the former Grand Europa Hotel, which originally opened in 1905. Bringing old world glamor and bold, contemporary design, the two buildings will offer 61 stylish guestrooms and suites, including the Extreme Wow Suite. Enjoy sweeping cityscape views on their glamorous rooftop bar and an outdoor terrace and experience the indoor WET pool deck, FIT fitness center and AWAY ® Spa.

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(credit: Marriott International)

W Budapest – scheduled opening:Q3 2023

W Budapest will also be the brand’s debut in Hungary, situated on the city’s most luxurious shopping street in Budapest. Housed in the impressive Drechsler Palace on Andrassy Avenue (a UNESCO World Heritage Site) across from the State Opera House, W Budapest will feature 151 stylish guest rooms and suites, including one Extreme WOW suite. Like W Prague the hotel will offer an Away® Spa, FIT® fitness centre and WET® pool, as well as a restaurant and a destination bar.

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(credit: https://whotel.com-edinburgh.com)

W Edinburgh – scheduled opening: Q4 2023

The third debut for W Hotels in a new country, W Edinburgh will mark W Hotels’ debut in Scotland. Located in the new $1 billion retail-led lifestyle district in the center of St James Quarter, W Edinburgh features a striking exterior façade bringing the brand’s bold design front and center. The hotel will offer 244 stylish guestrooms, including 42 suites and one Extreme Wow Suite along with a rooftop SUSHISAMBA restaurant and outdoor terrace.

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(credit: courtesy of One&Only Kéa Island)

One&Only Kéa Island – scheduled opening: Late 2023

Inspired by authentic and pure Mediterranean living One&Only Kéa Island is an all-villa cliffside escape within a secluded 65-hectre beachfront enclave. Set on a self-sustainable island, less than an hour’s ferry from Athens, it will become a haven for sun-soaked amusement and relaxation from its serene destination spa – Chenot Spa, three atmospheric restaurants, two bars, a vibrant beach club and more. Offering a total of 73 resort villas, the property features two nearly 3,000 sq. ft. Presidential Suites and 40 One&Only Private Homes for sale.

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(credit: Lightfield for Foster + Partners)

Six Senses London – scheduled opening: Late 2023

Located in the historic Whiteley department store building built in the 1870s in West London’s Bayswater neighborhood, Six Senses London will be a new kind of social club hotel where wellness, community and sustainability come together with 110 rooms and suites, 14 branded residences and a spa space reminiscent of an old-fashioned London underground station. 

 

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(credit: Rosewood Hotels & Resorts)

Rosewood Schloss Fuschl – scheduled opening: 2023

Situated on the banks of Lake Fuschl, Rosewood Schloss Fuschl will mark Rosewood Hotels & Resorts’ second property in Austria. The graceful, historic property is reminiscent of a fairytale castle as the reimagining of this 15th-century landmark provides a true sense of place. Surrounded by mountains and forests, it is only a short drive away from Salzburg and will feature 98 guest rooms, including 46 suites and six chalets, as well as Asaya, Rosewood’s integrative well-being concept, and world-class restaurants and lounges.

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(credit: Rosewood Hotels & Resorts)

Rosewood Munich– scheduled opening: 2023

Ideally situated on Kardinal-Faulhaber-Strasse in the heart of Munich’s historic city center, Rosewood Munich will be the brand’s first property in Germany. Housed in the former headquarters of the State Bank of Bavaria and the adjacent Palais Neuhaus-Preysing buildings, the restored hotel is within walking distance of several of the city’s most popular sites and destinations. The property will boast an inviting lobby lounge and two distinct dining venues, a full-service spa and 132 spacious guestrooms and suites which complement the property’s original façade and iconic stairways.

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Planning to study in Canada? Here’s how you can find best courses at affordable rate. 5pts

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Planning to study in Canada? Here’s how you can find best courses at affordable rate. 5pts

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If you are plans for study abroad are getting shelved to high expenses of US and UK universities – then one great option is Canada. Not only the country has some excellent colleges but cost of studying in this country is much lesser than neighboring US.

The recent National Statistics Office of Canada data shows a record number of 388,782 international students currently enrolled in Canadian universities. This is about a 50% rise as compared to student count only six years ago. Around 352,330 international students were holding study permits in 2015. Thus, facing a 43% increase in the international student population from 2015 to 2021.

That said, studying in Canada is considerably cheaper than in the US, i.e. 58% lesser in term of tuition fee. And you can make it even cheaper by careful planning and thorough research. Follow these 5 steps.

Finding the right course at the right university

In Canada, the fees usually depends on the course you are pursuing. For example, the cost of a bachelor’s degree is estimated to be 550 to 30,000 Canadian dollars (around US$412.15 to US$22,481) annually, while Medicine, Engineering and Social Science courses can cost up to CA$56,000.

Choosing the right university

Now, many universities offer these courses at much cheaper rate. For example, University of Toronto, Simon Fraser University and University of Waterloo are some of the best universities in the country and yet the courses in offer are much cheaper.

However, while applying make sure that the university you applied to is listed as a designated learning institute (DLI)

Planning for financial aid

Canadian universities offer generous scholarships and financial aid to international students. There are options for applying both partial and full scholarship. However, the requirements for each scholarship application can vary. Double-check if you meet these criteria before applying to avoid wasting your effort and time.

Applying for financial aid

Dalhousie University , University of Calgary, Université de Montréal and University of Waterloo offer scholarship to undergraduate. Apart from that, there are other scholarships options available like Canada-ASEAN Scholarships and Educational Exchanges for Development (SEED) and Study in Canada Scholarships.

Work while study

Canadain government allows to take up job for certain hour. Doing the same you can fund your own education

 

 

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Snake found in Dubai-bound AI Express plane’s cargo; DGCA orders probe

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Snake found in Dubai-bound AI Express plane’s cargo; DGCA orders probe

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A snake was found in a Dubai-bound Air India Express flight on Saturday. The B737-800 aircraft came from Calicut, Kerala and the passengers were safely deplaned.

“Air India Express B737-800 aircraft VT-AXW operated flight IX-343 (Calicut-Dubai). A snake was found in the cargo hold on arrival at Dubai,” a senior Directorate General of Civil Aviation (DGCA) official told ANI.

“Passengers were safely deplaned and airport fire services were informed. The aircraft has been fumigated,” another DGCA official told ANI.

The aviation regulatory body, the Directorate General of Civil Aviation (DGCA), has ordered a detailed probe regarding the incident.

“DGCA officials investigate the snake incident in the Air India Express plane,” said the aviation body. 

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Mumbai-based bank revises bulk FD rates, senior citizens get additional rate of 0.5%

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Mumbai-based bank revises bulk FD rates, senior citizens get additional rate of 0.5%

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Mumbai-based IDFC First Bank has revised its bulk fixed deposit interest rates across tenures. The interest rates on FDs without a premature withdrawal facility are higher compared to the rates offered with a premature withdrawal option. The interest rates vary from 5.45% to 7.55% on deposits from ₹2 crore and above. The new rates have come into effect from December 9. Banks are on the bandwagon of raising interest rates on FDs after RBI hiked the policy repo rate by 35 bps to 6.25% in the December 2022 policy.

FDs without premature withdrawal facility:

The interest rates are the same for FDs from ₹2 crore and above across various tenures. The highest rate would be 7.70% per annum offered on tenures from 366 – 399 days, while the bank offers a 7.55% interest rate on tenures from 400 days to 731 days.

Further, an interest rate of 7.45% is offered on 271 – 365 days and 732 – 1095 days tenure. On the longer tenures from 3 years 1 day to 10 years, the interest rate is 7.35% per annum.

The interest rate is 7.10% on 181 – 270 days; 7% on 92 – 180 days; 6.35% on 61 – 91 days; 5.80% on 46 – 60 days; and 5.70% on 36 – 45 days tenures.

On the shorter tenures from 7 days to 35 days, the interest rate is 5.45%.

According to IDFC First Bank‘s notification, the fixed deposit shall not have any premature withdrawal facility i.e. fixed Deposit cannot be closed by the depositor before the expiry of the term of such deposit. However, Bank may allow

premature withdrawal of these deposits in exceptional circumstances such as (a) in the event of any direction from any statutory and/or regulatory authority or (b) deceased claim settlement cases.

However, in case depositors want to carry a premature withdrawal on FDs with the above-mentioned interest rate, then the notification said, the bank will not pay any interest on the principal amount of the deposit. Any interest credited or paid up to the date of such premature closure will be recovered from the deposit amount.

Also, the monthly interest payout option is not available. The interest rate is calculated on the basis of 365 days for the period of fixed deposit falling in a non-leap (financial) year and 366 days for the period of fixed deposit falling in a leap (financial) year. At the time of opening the FD account, the auto-renewal facility is not available for such FDs.

For senior citizens, the bank is offering an additional spread of 0.50% over the rate of deposit for the respective tenure and will not be available for NRE or NRO Fixed Deposits.

FDs with premature withdrawal facility:

The highest rate here is 7.45% on 366 – 399 days; while the bank is offering 7.30% on 271 – 365 days and from 400 to 731 days tenures. Further, the rate is 7.20% on 732 – 1095 days, and 7.10% from 3 years 1 day to 10 years tenures.

Furthermore, the rate is 6.95% on 181 – 270 days; 6.85% on 92 – 180 days; and 6.20% on 61 – 91 days tenure. The rate is 5.70% on tenures from 36 days to 60 days, and the rate would be 5.45% from 7 days to 35 days.

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Tips to Find Right Journal for Your Ph.D. Dissertation: Don’t Miss!

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Tips to Find Right Journal for Your Ph.D. Dissertation: Don’t Miss!

How do I find the right journal for my Ph.D. dissertation?  It is a question that almost all students are worried about after completing a dissertation. It bothers almost all students as submitting your Ph.D. dissertation to the wrong journal is one of the most common mistakes that students must avoid. The editors of the journal if find any piece of information irrelevant often directly reject the submission even before peer review. Thus, by flipping the picture we can say that selecting the right journal for your Ph.D. dissertation can maximize the chances of your work acceptance. But for the person who is searching the journal for the first time or for those who really want to get their work published smoothly must follow a few simple tips to ensure the right journal selection.

Why do you need to select the right Journal?

Finding the right journal is a strategically very important step as it has a drastic impact on your research career. It makes your literary work shine and engages the right people to acknowledge your efforts. Journals not only act as a communication medium but also preserve your findings for longer. The popularity of the journal also has a direct effect on the success of your literary work.

Moreover, by following the journal’s author and publication guidelines one can easily take his/her paper to the next level. (Tip: for shortly converting a dissertation into a scholarly article by following a Journal’s guidelines you can seek help from dissertation writing services). Even if you ask someone to turn your dissertation into a scholarly paper, still you have to select the journal on your own. Thus, the following are some tips that you must follow to get your hands on the right scholarly journal.

Define the niche of your Ph.D. dissertation:

Though after writing a doctorate dissertation defining a niche for it is not a difficult task, still sometimes long time intervals between thesis writing and selection of a journal need you to select recall, or re-define the domain of your work. Only if you know the main category of your research then you can enter the keywords for finding the right journal.

Review the list of journals:

The niche of your dissertation helps you enter the right keywords and the right keywords in return gives you access to the most relevant journal list. There are many journals publishing literary work in many similar fields. Moreover, it’s your area of interest that helps you stop at one specific journal. For example, if you have drafted a review article from your Ph.D. dissertation, then finding a journal having an audience belonging to various different fields will be more appropriate. Likewise, if you have conducted advanced-level research or know that no newbie can reach that level then selecting a field-specific journal will be best.

Select journals that match your area of interest:

It’s time to make a final decision. It is possible that you initially find a list of journals showing similar research interests. If you find only one or two related journals then you can give both of them a chance (if rejected by the first). However, if the list goes beyond even what you imagine, you must see other requirements for becoming an author. If you find a journal looking for your work, you must add it to the priority list.

See the author’s guidelines:

It is a journal’s author guidelines that define whether you are a perfect author for them or if they are looking for someone else with entirely different research interests. It tells you how your manuscript must look like and what vital components it must contain. Words limit for each section, things to avoid for writing a winning article, and the exact tone to address a problem everything can be made clear by the author’s guidelines.

Review the publication criteria:

Most of the reputed journals contain a distinctive section stating in which cases your manuscript will be rejected. By keenly reviewing the publication criteria you can maximize the chances of publication. The publication criteria focus on how much time you will require to get your work published and how costly the whole publication process must be. In case you are in a hurry and the publication cost is more than you can afford, you must save your considerable time and try someone else.

Turn your dissertation into a journal-friendly article:

Once you select the article that is affordable, reputable, and the best match with your Ph.D. dissertation work, the next step must be to make a firm decision. All one need to do is copy the content of the dissertation and by following the journals’ guidelines make a ready-to-submit manuscript. To do so you just have to stay in one place for writing a perfect error-free scholarly work for submission and send it to the journal via the link provided at their official website

Wait for your turn it get it published:

If you have followed the author’s guidelines and ensured error-free submission, then you must stay optimistic about acceptance by the selected journal. However, if the condition goes worst or after ensuring all requirements, the journal does not show interest in publishing your work. Then better luck next time. Most of the time, scholars have to face rejection and the research journey never ends with a single rejection.  

You can also use the Journal finder tools:

There is also an advanced way to give your journal search the right direction, that is, the Journal Finder tool. It helps inexperienced writers or authors to select the right journal for their Ph.D. dissertations. Even if your research belongs to a multi-disciplinary field then this tool is also extremely important for searching a journal for that. Lastly, it helps in highlighting all the journals offering open access to authors.

Final thoughts:

In a nutshell, how much time you will require to publish your very first scholarly work extracted from the Ph.D. dissertation depends on the right selection of the journal. Journal selection can be made easier by using advanced journal-finding tools and by making a set of vital decisions at the right time.

Why prepayment of home loans is better in early years of tenure than later. Explained

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Why prepayment of home loans is better in early years of tenure than later. Explained

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Notably, Dev Ashish, founder of Stableinvestor explains that making prepayments is better in the early years of the tenure of a home loan rather than later.

Home loan prepayments simply mean you pay a certain portion of your loan amount earlier than the planned repayment period. Generally, a borrower tends to pre-pay their loan amount upon having surplus funds. The benefits of prepayment are that they tend to lower your EMI burdens or shorten the loan tenure or reduce debt and even help in minimising interest rates.

According to the founder of Stable Investor which is a financial planning and investor advisory firm, if you take a home loan, you will realize that the loan principal gets paid off slowly during the initial years. This is exactly why it is better to make prepayments earlier in tenure than later.

In a thread on his Twitter handler, Dev explained that when you opt for long-tenure loans (like home loans), a significant part during the first few years is only about paying interest. This means that interest is ‘front-loaded’.

He further explained with an example. Let’s suppose, you take a ₹50 lakh home loan at an interest rate of 8% for a period of 25 years. The monthly EMI comes to around ₹38,591. While for the entire tenure of 25 years, the total amount you will end up paying a total interest of around ₹65.8 lakh including interest.

Further, explaining the example with a chart, Dev pointed out that the first 5 years (1-5 years) of regular EMI payments (each month without fail), which is 20% of the loan tenure of 25 years, only 7.7% of the loan is paid off. He said, there are a total of five 5-year periods of this 25-year loan (5 years X 25 years).

In the next five years (6-10 years), only 19.2% of the total loan amount is repaid. This would be a rise of 11.5% in the loan paid off from the first set of five years to the second.

From the data, it can be understood that, by the end of 15 years (the third set of five years which is 11-15 years), around 36.4% of the loan is paid off — which is a rise of 17.2% from the second set. But there is a massive jump of 25.5% from the third set, as by the end of 20 years (fourth set of five years which is 16-20 years) around 61.9% of the loan is paid off.

Compared to the fourth set of tenures (16-20 years), there is a jump of 38.1% as in the fifth and the last set of tenures (21-25 years) — 100% of the loan amount is paid off.

Hence, Dev said, the EARLIER you make the prepayments, the better it is for you in terms of its impact on reducing the total interest paid during the loan tenure. Read his entire thread here!

Also, Nalin Jain, Chief Customer Officer, and Head, of Operations at Godrej Capital said, a home loan is a long-term financial commitment, and often, the interest component exceeds the principal amount due to the long tenures of a typical home loan of 20 to 30 years.

Godrej Capital’s Nalin added that it is best to opt for the home loan prepayment option during the initial tenure of the loan when the interest component is high. He added, opting for prepayment at a later stage may not help maximize the benefit of being debt-free early. Thus, timing plays a crucial role in prepayment.

Similarly, Jairam Sridharan MD of Piramal Capital & Housing Finance highlighted that prepayment of home loans in the initial part of the loan tenure is always a good option. This can help reduce the EMI or pay a much lower interest amount on the reduced principal outstanding after prepayment. If a borrower happens to receive a lump sum amount in the later part of the tenure, then it may be a good idea to invest it elsewhere and repay the home loan in the normal tenure. The borrower may also seek the lender’s help to choose the best EMI option.

It needs to be noted that home loan interest rates have gone up significantly since RBI’s rate hike cycle began in May to tame multi-year high inflation. So far in FY23, the central bank has hiked the repo rate by 225 basis points to 6.25%. The latest hike would be 35 basis points in December 2022 policy.

After the 35 bps rate hike, Shiv Parekh, Founder of hBits said, “The commercial real estate growth is pulling lots of investment, it has been stable through all ups and downs. Even the current repo rate hike will not affect much on commercial real estate much, as the current increase is in line with RBI’s mission to take on inflation. As there has been a moderate hike in the home loan too, the affordability of the home loan is still fine from a residential perspective. We expect that the positive sentiment will remain in the CRE sector. When it comes to fractional ownership, it is one of the best investments at this time which gives steady and stable returns.”

Parekh added, “However, the real estate industry expects a reduction in the key rates going forward, which will be widely celebrated, as lowering interest rates has been a crucial factor in the revival of the demand in overall real estate. It will help in improving the liquidity situation which is vital for the sector.”

Meanwhile, Ramani Sastri – Chairman & MD, Sterling Developers said, the continuous rate hikes may lead to short-term turbulence in the overall housing demand when buyers are optimistic about making a home purchase decision and this may add to buyers’ overall acquisition cost. The real estate sector had started seeing gradual recovery across key property markets, driven primarily by end-users, however, the repeated rate hikes may impact the interest rate-sensitive sector. Low-interest rates have been the biggest factor in the resurgence of real estate demand in the last few years and hence the rate hike would mean a hurdle in affordability.

However, Sastri also added that there is a positive sentiment, as the affordability and disposable incomes of new-age homebuyers are much better than in the past. Despite the odds, we’re still hopeful as there is significant pent-up demand from a very large population base and first-time home buyers. Real estate is definitely among the best instruments to invest in and looking ahead, and the Sterling Developers chief believes that markets will see sustained growth over the next few years.

 

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.

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CBSE board exams 2023: Check subject marks breakup, practicals details

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CBSE board exams 2023: Check subject marks breakup, practicals details

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The Central Board of Secondary Education (CBSE) has released details about the upcoming board exams for Classes 10 and 12. The official notification includes information on subject break up and practical exams.

CBSE’s practical and theory examinations are scheduled to start on 1 January 2023 and 15 February 2023, respectively for both Class 10 and 12.

As per the notice, CBSE has released a list of subjects for classes 10, and 12 containing the subject marks breakup and practical exam details in it.

The CBSE notice includes the subject code, subject name, maximum marks for theory exams, maximum marks for practical exams, maximum marks for project assessment, maximum marks for internal assessment, whether an external examiner will be appointed for practical/ project assessment, whether practical answer book will be provided by the Board and type of answer books that will be used in theory exams.

In another circular, CBSE has asked all stakeholders to take necessary actions to ensure the timely completion of practical exams/internal assessments/project assessments.

As per the CBSE circular, the schools need to ensure that the syllabus of the practical exams is completed on time. The board asked the schools to check the list of candidates, appearing for practicals, from the online system. “The correct subjects and category of students should be reflected in the online system,” the board added.

Practical examinations for Class 12th will be conducted only by the external examiners appointed by the board.

The board has advised students to appear for the practical exams as per the schedule as no second chance would be given in any case.

The regional offices should also ensure that the guidelines for the conduct of practical exams are shared with the schools as soon as released by the CBSE headquarters, CBSE added.

“The regional offices should also ensure that external examiners are appointed in all the schools before commencement of practical exams and subjects whenever possible,” the CBSE board highlighted.

And lastly, the board said that regional offices must ensure that practical answer books are delivered to the school before the commencement of the practical examinations.

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UGC new draft norms: ‘Honours’ degree now only after completing 4 years. Details here

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UGC new draft norms: ‘Honours’ degree now only after completing 4 years. Details here

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A new draft norms has been prepared by the University Grants Commission (UGC) wherein students will be able to get an undergraduate ‘honours’ degree after completing four years instead of the previous three years, as per PTI report.

This draft ‘Curriculum and credit framework for four-year undergraduate programmes’ was prepared in accordance with National Education Policy (NEP) and is likely to be notified on Monday.

“Students will be able to get a UG degree in three years on completion of 120 credits (measured through the number of academic hours) and a UG honours degree in four years on completion of 160 credits,” the news agency has quoted the UGC draft.

“If they wish to go for a research specialisation, they will have to undertake a research project in their four-year course. This will get them an Honours degree with research specialisation,” it read.

“Students who have already enrolled and are pursuing a three-year UG programme as per the existing Choice Based Credit System (CBCS) are eligible to pursue a four-year undergraduate programme. The university may provide bridge courses (including online) to enable them to transition to the extended programme,” it added.

Currently, students get an honours degree after completing three years of undergraduate programmes. 

The FYUP also allows multiple entry and exit options for students. If they leave before three years, they will be allowed to rejoin within three years of their exit and will have to complete their degree within a stipulated period of seven years.

Speaking about the curriculum, the FYUP, as suggested in the document, consists of major stream courses, minor stream courses, courses from other disciplines, language courses, skill courses. 

As per the draft, the course work during the first three semesters of the 4-year undergraduate programme would consists of a set of courses such as language education (two languages – Regional language and English language), understanding India, Environmental Science/Education, Digital and technological solutions, Mathematical and Computational Thinking and Analysis, Heath & wellness, Yoga education, and sports and fitness, that will be common for all students. 

At the end of the second semester, students can decide to continue with their chosen major or change their major. Students will also have the option to go for a UG either with single major or double majors.

“A student has to secure a minimum of 50 per cent credits from the major discipline for the 3-year/4-year UG degree to be awarded a single major,” read the document. 

(With inputs from PTI)

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Delhi police issues traffic advisory for religious procession. Routes to avoid

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Delhi police issues traffic advisory for religious procession. Routes to avoid

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The Delhi Traffic Police has issued traffic advisory in view of Shree Digamber Jain Etihasic Pauhbadi Dooj procession in the national capital today i.e. 10 December.

As per the advisory, elaborate traffic arrangements have been made across the city. The rath yatra or the procession will start from Shri Digamber Jain Naya Mandir (Dharam Pura, Chandni Chowk) at 9:30 am and will end there itself at 5 pm.

The route of the procession is as follows: Shri Digamber Jain Naya Mandir (Dharam Pura, Chandni Chowk) – Gali Guliyan – Dariba Kalan -Fountain chowk – Ghnata Ghar – Fatehpuri – Khari Baoli – Qutab Road-Sadar Bazar – Bara Totti Chowk – Shri Digamber Jain Mandir (Pahari Dhiraj).

As per the advisory, “Following the vice-versa of the above-mentioned route, the procession will conclude at Shri Digamber Jain Naya Mandir (Dharam Pura, Chandni Chowk) at 5 pm.”

In a tweet, the Delhi Traffic Police wrote, “In view of Shree Digamber Jain Etihasic Pauhbadi Dooj procession, elaborate traffic arrangements have been made across the city. Please plan your commute accordingly.”

Giving instruction to the general public, the traffic police has adviced to avoid the roads and stretches mentioned above.

It has also instructed the public to reach railway stations or airport well in time and Use public transport. “Park only at designated places and report unusual/suspicious objects or persons immediately,” it stated.

Here is the list of roads to avoid

Main Chandni chowk Road

Dariba Kalan Road

HC Sen Road

Nai Sarak Road

Khari Baoli Road

Qutab Road

Sadar Thana Road

Bara Hindu Rao Marg

Traffic Diversion routes

Kari Baoli Road

Church Mission Road

SPM Marg

Naya Bazar Road

Hare Ram Road

QutubRoad

Maharaja Aggrasen Marg

Bara Hindu Rao Marg

Sadar Thana Marg

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Anguilla’s Newest Top-Of-The-Line Villa, Alkera

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Anguilla’s Newest Top-Of-The-Line Villa, Alkera

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(credit: Pink Mako)

Opened on Shoal Bay East in November 2021 Alkera, is the newest top-of-the-line villa offered by luxury-lifestyle  Leviticus Lifestyle & Travel. The concierge brand which specializes in the rentals of private, luxury villas, jets, yachts, and private islands not always listed for rent, is excited to add this five bed and seven bath villa to its portfolio. 

Resting on the Shoal Bay East hillside and boasting one of the most enviable views of the Caribbean Sea, Alkera is a 12,000-square-foot contemporary architectural gem from Anguilla-based Morlens Architectural Services. Overlooking stretches of immaculate white sand and tranquil blue sea, this stunning villa presents the essence of luxury, privacy, and serenity. Morlens Architectural Services masterfully designed this villa to blur the lines between indoor and outdoor living throughout.

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(credit: Pink Mako)

“As the leader in world-renowned luxurious, bespoke travel experiences, Leviticus Lifestyle & Travel has seen an increase in demand for privacy, luxury, and curated travel experiences. We are honored to add Villa Alkera to our existing diverse portfolio of opulent villas, diverse concierge services, and high-end experiences offered throughout St. Barts and Anguilla,” sand Kenroy Herbert, President, Leviticus Lifestyle & Travel.

The villa exudes modern energy with bold colors and quirky trims that pair quite spectacularly with the ocean blue patterns and hues which surround. Large glass panel doors and walk-out patios provide panoramic ocean views while walk-in closets and self-contained kitchen units are amenities that vary between rooms. The main kitchen combines functionality and luxury with all appliances needed to prepare a delicious family meal or host a larger meal with friends.

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(credit: Pink Mako)

Another striking aspect of Alkera’s design is their underground recreational area which nests within Anguilla’s limestone rock. Next to this area, which features vaulted ceilings and dark earthy tones, is a generously outfitted home gym. Adjacent to this space is a private office with ocean views. 

Other features include:

Heated infinity pool with a floating island platform, that seemingly dissolves into an unforgettable ocean panorama

Outdoor kitchen, bar, and dining area set amidst the lush front garden for al fresco dining

Open-air shower and an indoor garden with tucked-away hammocks and benches

Villa Alkera’s nightly all-inclusive rates (starting at $ 6,825.00 per night) vary by season with starting winter rates including a butler, chef, and private chauffeured transportation from the port of entry into Anguilla to the villa.

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