What is the life of building in India?

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Ideally, the average lifespan of any concrete structure is 75-100 years. But, it is considered that the average life of an apartment is 50-60 years while of a house it is 40 years.

How many years can a building last in India?

Life of a building

The average life-span of a project that has been built on quality construction parameters is around 80 years. After this period, a project will usually come up for reconstruction.

What is the average life of a building?

According to the recent colloquium at the Getty Center, the average life span of a conventionally built building (masonry and wood) is about 120 years. But for modernist buildings (reinforced concrete and glass curtain wall) it’s half that ; 60 years.

What will happen to a flat after 50 years?

Generally multi storied apartments are governed by owners associations. Once a majority of them decides to demolish it, irrespective of the age of the building, each owner will have ownership of their UDS ( un-divided share ) of the land. Well designed buildings can go on for more than 50 years easily.

What happens to apartments after 100 years in India?

The development authority of a particular area provides land development rights to developers and sells properties for a lease of 99 years. This means that anyone who purchases a residential or commercial property will own it only for a period of 99 years, after which the ownership is given back to the landowner.

What is the life of cement?

Most people don’t seem to realise that cement comes with a shelf-life. Cement is a hygroscopic product, which means it absorbs moisture. This characteristic of cement makes it imperative that it is used before its ‘best before’ date to ensure a durable structure. The shelf life of cement is 3 months.

How do you find the life of a building?

ESTIMATING LIFE OF RESIDENTIAL BUILDING

1. Equipments used for HEALTH CHECK UP of the building are:
2. REBOUND HAMMER: It senses the soundness of concrete up to a marginal depth.
3. IMPACT ECHO TESTER: Finds out defects in the interior of concrete.
4. ULTRASONIC TESTERS: Scans through the concrete for the full depth/thickness.

What is the life of RCC building?

The lifespan of RCC generally is taken as 100 years. However, there are some expected as well as prevalent conventions about design life span, which are given here: Monumental Structures like temple, mosque or church etc – 500 to 1000 years.

Legal: Though tedious and time consuming, one must go through elaborate legal formalities and paperwork in buying an old apartment. Atulay Nehra, Legal and Investment Consultant, Magicbricks Bureau says, “It is crucial to assess whether the seller is the legal owner of the property or not.

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Is flat better than house?

What is better house or flat? … A house may be better for end-users but will involve higher capital expenditure and will also offer greater returns. A flat offers limited customisation options but has a lower cost of acquisition and maintenance also and is easier to liquidate.

What is the life of an apartment in India?

Building independent house becoming tough

However , experts are of the view that concrete apartment buildings in India last only for 30 to 50 years compared to the expectation of 70 to 80 years. The short life span is an economic burden for not only owners and residents but to the nation as a whole.

What is 99-year leasehold?

A 99-year lease was, under historic common law, the longest possible term of a lease of real property. It is no longer the law in most common law jurisdictions today, yet 99-year leases continue to be common as a matter of business practice and conventional wisdom.

What happens to flat after 99 years in India Quora?

The flat owner has permanent residency rights, he can sell his flat by transferring his shares to a new buyer, and so on. But the flat owner is not really the owner. If the society decides, the society can expel the member from the membership of the society and cease his/her residency rights.

Is 99-year lease good?

Here is how the remaining term on the lease should impact on your purchase decision: 100+ Years remaining: If there is more than 100 years remaining on your lease, go ahead with the purchase; you don’t need to do anything at this stage. 95-99 years remaining: You’re OK to buy.

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