Could you throw light on the state-of-the-art Hydro-Pneumatic System installed at Green Metropolis and The Greens?
This is an innovative pumping system that ensures adequate water supply to by means of an automatic pumping equipment. Mir Realtors is the first township in Kerala to have adopted the Hydro-Pneumatic System, which is presently being used only at five star hotels such as The Taj and Le Meridian.  The conventional method followed at other townships is to provide a sump tank at Ground Level and an Overhead Tank at roof level with individual pumps. This system requires regular cleaning of tank and drastically reduces the aesthetic appearance of the building. The Hydro-Pneumatic System provided at Mir Realtors townships is highly efficient with major energy saving features. The pump is required to work for a maximum of just 3 hours a day in order to ensure uniform pressure at any given point of time, even when all the dwelling units at the township are full occupied. We have provided pumps of 3. H.P to cater to the water supply of all the dwelling units. The system provides a uniform pressure of 2 to 3.bar at all times and the pump will automatically start when the line pressure reduces. To cater to the above requirement we have provided ASTM [American Society of Testing Mission] Scheduled 40 pipe which is equivalent to 16 kg pressure of PVC lines.

What are the advantages of the Pressure Reducing Valves installed at all the Mir townships?
Water flowing at a rate in excess of what is necessary can be damaging and wasteful, adding to the cost of water and energy in the long run. To prevent such mishaps and achieve normal range of pressure, Mir Realtors divided the total height of the apartment towers at Green Metropolis and The Greens into three zones with PRV [Pressure Reducing Valves]. All fittings provided are aerated type with sufficient wall thickness to take care of the pressure of the line when the tap is opened. The fittings are taken after quality testing for a pressure up to 16 bars in their factory

What are the specialties of the Water Treatment Plant installed at Green Metropolis and The Greens?
The installation of the Water Treatment Plant for Iron content removal is costly but considering the contamination of the sub soil and the possible health hazards to the occupants, Mir Realtors has gone ahead by putting up the plant which resolves iron content up to 10ppm. Water from the bore wells is pumped into a Water Treatment Plant which is then transformed into potable water. Using the hydro-pneumatic system, this water is conveyed through a well-laid out pipeline to each of the plots for the use of the residents. Yet another pipeline brings in recycled water for gardening and cleaning purposes thus minimizing wastage of precious drinking water.

What are the specialties of the Sewage Treatment Plant provided at all the Mir townships?
Underground sewage has been provided for using high quality material. A Sewage Treatment Plant recycles waste water and makes it available for various purposes other than drinking. SAV I thus works on a model of self-sufficiency and endeavors to be as environmental friendly as possible. The conventional type of Sewage Treatment Plant can only remove BOD <20 and COD<100. But Mir Realtors has provided a plant with modern technology using Fluidized Media Reactor [FMR Technology] from Ion Exchange, the leading group in India. The final outlet will be strictly in accordance with Environmental plan and BOD <5 and COD <30. The water can be reused as toilet flushing, gardening, car washing etc

How has the power back-up been provided?
A well-knit power supply network runs throughout the entire project catering to all electricity needs of the community. We have provided AMF panel for automatic change over to DG incase of power failure. The electrical system is backed up with 200 KVA Gen set. We will give you 1000watts back up to each apartment and for all other common amenities. All villas will be provided with individual inverter back ups. The DG system back up is given for all essential supplies. In case the mechanical system of pump fails, we have given a 2” down pipe directly from the OH tank and hence the system gives ZERO % risk to the user. The emergency line will be in use once in a blue moon and to avoid the scale and silt formed in the line an initial flushing arrangement is provided

Why do you say the Mir Realtor’s townships at Cochin and Trivandrum are eco-friendly?
Mir Realtors is an ISO 9001:2008 certified eco-friendly builder and our two major townships Green Metropolis at Cochin and The Greens have been awarded the Silver Grading by the Ministry Of Environment & Forests, Govt of India, New Delhi. As an eco-friendly builder, Mir Realtors ensures that more than 50 percent of land is earmarked as free space and optimum area is being converted to well-manicured landscapes. Both townships are being constructed by adopting globally-benchmarked eco-friendly practices for resource efficiency, effective waste management system and rain water harvesting. The Zero Pollution Zone ensures nature-friendly and effective waste management system for both liquid and solid wastes using state-of-the-art sewage treatment plants. Rain water harvesting and water recycling are also put to maximum use for optimum conservation of natural resources.

Can NRIs hold/acquire residential/commercial properties in India?
Yes. NRIs have been legally supported to acquire and continue further dealings with any form of immovable property in India.

How can an NRI pay for the property he buys in India?
Payment modes can either be foreign exchange inward remittances via normal banking channels or out of funds from NRE/FCNR accounts maintained with banks within India.

Are there any legal formalities to be completed?
Yes. You should file in a declaration in form IPI7 maintained with the Central Office of Reserve Bank of India, Mumbai, in not less than 90 days from the date of payment.

Can NRIs purchase property through power of attorney?
Purchase formalities may be done by filing the Power of Attorney in favour of their reliable relatives residing in India at the time of purchase. This must be executed on a valid stamp paper bought in India and in the witness of proper authority

Does law restrict to rent out such an immovable property?
No. However, the income thus generated shall not be remitted outside India; instead as to be credited to the ordinary non-resident rupee account of the owner of the property in India.

Can NRIs avail loan facility from financial institutions in India?
There are certain financial institutions approved by RBI providing loan facility for NRIs, though are subjected to certain conditions - the loan borrower should be in a financial standing to bear at least 25% of the total cost, paid out of inward remittance in foreign exchange through normal banking channels or out of funds held in his NRE/FCNR accounts.

Will Indian companies provide loans to their NRI employee?
Yes. For this the employee who is designated outside India should hold a valid Indian passport.

Are there reliable home loan providers?
From nationalized banks to private housing finance institutions and banks provide home loan for a home-buyer – HDFC, ICIC bank, SBI, LIC housing finance, HSBC etc are just few among the long list.

What is the loan amount a single buyer can avail?
About 85% of the consideration value of the home you are intending to buy or build is allowed as the loan amount.

Can the term of loan repayment be wavered?
Yes. You can pick your comfort limits; choose a time span of 15 years or your retirement age, whichever is earlier.

How can you apply for a home loan?
Approach a financial institution for a loan application form. Adhere to the guidelines while filling in the form and do submit relevant documents with the processing fees. The bank might ask for a Co-lateral security. You will be intimated with a sanction letter, in case if your request has been approved