pratibha2020 - Real life Log

Flats/Apartments in Gurgaon

Fri, 08 Aug 08 08:46:47 +0200

Flats in Gurgaon is the most sought after housing solution, since they offer varieties in style, living standard and, of course, prices. The wide array of flats and apartments in Gurgaon make it possible for every category of home seekers to seek affordable accommodations. The city has shown an amazing rate of property growth over the past few years and the escalating growth rate do not seem to die down in another couple of years. This is because of the many upcoming housing projects by leading builders in Gurgaon, which are expected to increase the number of available flats/apartments by 10,000 in luxury segment over the next few years.

Thus, for real estate investors, Gurgaon real estate continues to be a heaven, the value of which is likely to appreciate at a rate of 10 to 15 percent per year for the next couple of years. The major players in the realm of building construction and township planning remains DLF, Emaar MGF, Unitech, Ambience, Parsvnath, Vatika limited and Tata Housing who are coming up with plans of several high end apartments in areas like Sohna Road, Golf Course Road, Central Park 2 etc. These housing units are being developed to target the premium category of home buyers and hence, are expensively priced.

Although it costs too much to own a flat in Gurgaon, the features incorporated in it will ensure a truly lavish lifestyle and make you its proud owner. Options of 4-5 bedrooms, beautiful landscape, central air-conditioning, private escalators, spas, gyms, swimming pools, play grounds, golf course, security cameras etc are some of features that will certainly give your dwelling place a unique status. Moreover, the high rate of appreciation as well as high rental value give you an opportunity to secure financial gains for future.

Some of the major upcoming residential projects for flats and apartments in Gurgaon include Belaire by DLF, Palm Spring by Emaar MGF and Exotica by Parsvnath. Such luxury apartments with lavish specifications will cost you anything between 1.5 to 4 crore. Besides, for middle class segment, flats under the projects “New Town Heights” by DLF and “Vatika India Next” by Vatika limited offer world class dwelling experience at moderate prices. With the increasing number of flats in Gurgaon, it is also possible to rent a flat at reasonable rate.

Browse through the site www.zameen-zaidad.com to know more about flats/apartments for sale and for rent in Gurgaon.

Office space in Gurgaon

Thu, 07 Aug 08 11:19:49 +0200

OSG currently offers over 1.5 million square foot of office space in gurgaon for rent and over 2.0 million square foot of office space for sale in gurgaon.Current availability includes office unit sizes starting from 1000 square foot office space to up to 200,000 square foot in a single unit spread over multiple floors in a single A class multistory building. Please contact us for your commercial real estate requirements using the form visit website www.zameen-zaidad.com and we will get back to you with the most suitable options for you within 1 business day including a proposal, office photographs, sitemap, location details, floor plans and all relevant details that you want to know before investing into the property. So all type commercial and residential flats are also available 2 BHK and 3 BHK flats are available in this town. Any further information visit website zameen-zaidad.com.2 BHK flat in gurgaon. And 3 BHK flat in gurgaon.

ESSAR REALTY WINS BID FOR RS 500-CRORE NAGPUR HOTEL PROJECT

Wed, 06 Aug 08 10:58:33 +0200

ESSAR Realty Holdings—the real estate arm of the Essar group—has won the bid for building a Rs 500-crore five-star hotel, utility centre and a multiplex at the upcoming Multimodal International Hub Airport in Nagpur. The realty firm has also formed a joint venture with the US-based hospitality group Accor Hospitality to develop and manage the hotel project. A few months back, the Maharashtra Airport Development Company (MADC), the nodal agency for developing the air cargo hub in Nagpur, had invited bids for the hotel cum conventional hall project. Essar Realty bid for the project through its subsidiary company Yojna Realties. G L Raheja group promoted Raheja Constructions was the immediate bidder for the project. Essar Realty's managing director Chirag Ramakrishna said "The MADC deal would reinforce our long-term commitment to the realty business as we continue to look at more opportunities in the realty sector." The five-star hotel would be developed in a 10-acre area adjacent to the National Highway VII on the Nagpur-Wardha road. The hotel would have a capacity to house 1,000 people. It would also have a service apartment to cater to the needs of executives who stay on for long tenures. MADC's project is the second largest property deal struck by Essar Realty during the past six months. Earlier, the firm had acquired Peninsula Land's (PLL) Kurla commercial project for close to Rs 1,200 crore. Peninsula Land sold approximately 9 lakh sq ft of commercial space to Essar Realty Holdings at its upcoming Peninsula Tech Park project. The proposed Nagpur airport project with an investment of Rs 3,000 crore is to be completed in four years, adding a new dimension to India's capability of handling air cargo. Courtesy: - ET dtd: - 04^th Aug. 2008

HDFC PROPERTY VENTURES TO PICK 25% IN NITESH MALL

Tue, 05 Aug 08 14:07:52 +0200

HDFC Property Ventures Ltd is investing $20-25 million into South India's largest central business district (CBD) mall developed by Nitesh Estates in Bangalore. The move probably marks the $900-million HDFC Property Ventures' foray into retail infrastructure in a rather tight-market environment, sources said. HDFC Property Ventures will pick up around 20-25% stake in the 6-lakh sq ft Nitesh Mall, which is being designed by Seattle-based Callison. Nitesh Mall, which is the Bangalore-headquartered real estate firm's first retail play, is estimated to be a Rs 300 crore project. The Nitesh Mall will come up on a 5.5 acre patch located in proximity to hotel Leela Palace, off the Indiranagar 100-ft road that is considered one of Bangalore's high street retail hubs, with most big brands operating their flagship stores there. When contacted Nitesh Estates' director, development, LS Vaidyanathan declined to comment on the deal. HDFC Property Ventures CEO KG Krishnamurthy could not be contacted immediately. The development comes at a time when private equity funds are believed to be staying away from real estate/retail investments on account of the weakening consumer sentiments and an economic slowdown. HDFC Property Ventures is Nitesh Estates' third PE partner. Last year, the firm attracted investments from New-York based Och Ziff Capital and Citigroup Property Investors, with the latter co-developing the Ritz-Carlton hotel in Bangalore with Nitesh.

Nitesh Estates had earlier announced that it has identified property in southern cities of Chennai, Thiruvananthapuram and Kochi for similar retails initiatives. Construction of the mall in Bangalore is expected to be completed by the end of 2009 with the project planned for luxury brands apart from a large format retailer as the anchor client.

Courtesy: ET dtd 04-08-08

Delhi Metro Sells 2 ha For Rs 220 Cr

Tue, 05 Aug 08 09:41:29 +0200

NEW DELHI: Little known realty firm Young Builders has bought Delhi Metro’s 2-hectare land at Vishwavidyalaya metro station in North Delhi for Rs 220 crore in an auction reports Sanjeev Choudhary. It will construct a residential complex at the site. The developer has bought the land on a 90-year lease and is likely to get a developable area of 3.5 lakh sq ft, which will translate into a land acquisition cost of around Rs 6,200 per sq ft. A residential project being developed by Parsvnath Developers close to Vishwavidyalaya metro station is being sold at Rs 10,000 per sq ft.

Courtesy:-E.T. date: - 5/08/08

Zameen-zaidad description

Mon, 04 Aug 08 13:43:44 +0200

Zameen-zaidad.com is a one of the largest portals give good advice and safest solution of real estate India. As a real estate sector. www.zameen-zaidad.com your online property promotion. And also give good partner provides and most benefit options for the investment in real estate field. Zameen-zaidad provides with most beneficial online platform and potential buyers and sellers for your property. With the residential, commercial, and office space, zameen-zaidad is also very well website and all type's facilities are available in this website. And all types’ projects are available in this website. For the safe and profitable solution of property, Real estate India.

IMPORTANT TIPS FOR BUYING PROPERTY

Mon, 04 Aug 08 07:55:13 +0200

To take a decision to buy a property in one's life time is an extremely important decision as one has to drain down the whole amount of hard earned precious savings for owning suitable home. After selecting a home of one's choice, he will have to go through and check a lot of legalities and paper work. As such, one must be conversant with various legal terms and technicalities. 1. Clear Title Deed: - One must ensure and investigate the records of last 25 to 30 years from registrar's office whether the property selected is unencumbered and has a marketable clear title. It will be better if such documents are got examined by a lowyer so that there may not be any hurdle while mortgazing same for obtaining loan from bank or financial institution. 2. Property Under Construction: - When a property of one's choice is under construction, he should ensure that the builder has all the legal document viz-a-viz agreement signed between the builder and the Landlord, CLU, layout plan duly approved by the concerned authorities, environmental clearance and other necessary permissions required for construction of multi storeyed buildings etc. 3. Ready To Occupy Property: - In case of ready to move properties one must ensure that the seller has clear title and possession of property as well as right to sell the property. Also check that the building has been constructed as per approved plan, it has not been mortgaged and all dues till date for water, electricity & house tax have been paid in full. Also ensure to take all necessary original documents i.e. allotment letter, completion certificate & possession certificate etc etc obtained by the seller from the builder.

4. Payment of stamp duty for Sale Deed: - Usually stamp duty is charged as fixed by the government and is payable by the purchaser. Builder, seller and purchaser are required to be present at the registrar office at the time of registration. Also ensure proper documents are obtained after making the payment.

MATHERAN REALTY SETTING UP LOW-COST HOUSES AT KARJAT

Sat, 02 Aug 08 08:43:43 +0200

The big worry for most people is what the house will eventually cost? At the end of, it will work out to Rs.3 Lakh. Those who opt for the monthly payment option will need to shell out Rs.2, 000 every month. It could well be termed a lottery with a difference. Anyone who has chanced to buy a lottery at some point is aware that the rewards are huge for an almost minimal charge. Matheran Realty is banking on this for its first phase of 2,000 flats, situated about 100 k.m. from Mumbai in the picturesque Karjat, this project will have apartments at 300 sq. fit. apiece. So, how will this work? The mechanism is pretty simple actually, with a person having to fill an application form which is priced at Rs.100. To make sure there is no unfair advantage, a person can fill in just one form ensuring everyone is in with an even chance. Besides, there is no question of packing and choosing since you just take the flat that comes your way. All the 2,000 apartments will be given to the winners through the lottery method. The price tag is Rs.999per sq. ft. Matheran Realty is working with UK’s Eredene Capital and Philippines’ Sterling Construction Systems (SCS). The township, called Tanaji Malasure City, is now witnessing the first phase of construction. The plans by any yardstick are gargantuan – in all, there will be 2 lakh houses with each having an area of 300-500 sq. ft. Come January 2009, the first set of owners will be ready to move into their dream home. SCS is banking on the paucity of affordable housing in Mumbai to drive its mega township. “We expect a huge response to the scheme,” says SCS president (marketing) Harinder Bhalla. There seems to be hope for those who do not get their allotments in the first phase. They will get preference when booking starts for the second phase. That effort may be worth it since the project will be home to schools, colleges, hospitals and a retail centre. The entire exercise is expected to be completed over the next 10 years. All this will be over 100 acres. Eredene Capital will fund the project to the extent of Rs.131.2 crore with SCS offering technical support. The big worry for most people is what the house will eventually cost? At the end of it, it will work out to Rs.3 lakh those who opt for the monthly payment option will need to shell out Rs.2,000, Speaking of construction technology, SCS will use prefabricated Hardiflex fibre cement Boards. This has been used with some success for housing projects in the Philippines, Australia, Jordan, Vietnam and in India. Importantly, it lowers construction cost by 15-20% and construction is much faster. With a price tag of Rs.3 lakh, this form of housing could work well for those in the Rs.8,000-1,0000 salary brackets. In terms of profitability, there is always a question mark. “Such projects are profitable though the margins may be lower than what premium property developers get, “says Park Lane Property Advisors managing director Akshaya Kumar. Others tracking the industry think that low-cost housing will have acceptable levels of production quality and succeeds in cutting down frills such as high quality paints open space and parking. Courtesy: - ET. dt. 1^St August 2008

Special Residential Zones Could Be In Offing

Sat, 02 Aug 08 08:39:20 +0200

With real estate developers lobbying for special residential zone on the lines of special economic zones, the government has now indeed stated considering their proposal. The ministry of urban housing is of the view that earmarking of land masses in cities and their peripheries for such zones can really boost country’s housing stock, provided there are enough regulations in place. The policy makers fear it may not turn out to be a foul real estate play for developers. Also there is major hindrance to convince states in doing so, land being a state subject. Courtesy: - E.T. dt 1^st August 2008

INDIA UNDER CONSTRUCTION

Fri, 01 Aug 08 10:16:51 +0200

Excellent Infrastructure, Special Residential, Zones, A Green And Sustainable Environment, Uniform Land Laws Across The Country, A Single Window For All NOCs And Efficient Land Records Will Change The Face Of Realty In India In 2020. Indian real estate in the past few years, has significantly transformed itself and has been through a roller caster situation – the highest of the high being the unprecedented few of FDI following the opening up of the sector, interest rates at very affordable 7 per cent. Public listings of many companies and price hike; on the other end the lowest of the low has been market capitalisation of the recently listed companies hitting unexpected lows, a 20-30 per cent price correction in the metros,Sluggish adsorption, spiraling inflation adding to the already high input costs and the worst of the lot interest rates 14 per cent. But, these are surface level fluctuations that operate on what must be described as one of the biggest opportunities in the world for construction and infrastructure development. India needs not just homes (22million of them), here is need for offices, SEZs, airports, roads, schools, hospitals, entertainment centres… the list is endless. This inherent need is an opportunity that cannot be denied. In 2020, India is slated to be an economic super power and one of the underlying assumptions is that infrastructure would be the booster rocket of growth. But, for all this to happen, some realities of the real estate business need to change. The following three things will be a reality in 2020. 100 per cent infrastructure – Real Estate projects, whether residential or commercial, will have 100 per cent infrastructure guarantees. This means that all projects would have quality access reads, water, electricity, connectivity, safety and security. Our cities are bursting at the seams and given our pace of development, the shortcomings of meeting infrastructure needs are likely to widen. Thus, the projects that are likely to succeed in the future will be those that have quality in terms of basic infrastructure. In fact, real estate development which encompasses housing, schools and colleges, hospitals, SEZs, offices, retail and industrial developments, entertainment centres and sports facilities will converge with the conventional infrastructure (of roads, water, electricity, airport, ports etc) and be seen as an integral part of infrastructure development of the nation. SRZs – Special Residential Zones must become a reality. Unless one addresses affordable housing for the teeming millions much of the expected gains may remain a dream. The SRZs are like SEZs, only the development caters to housing for the masses. SRZs are to be free of government levies and taxes, thus making homes more affordable by up to 30 per cent. This will ensure that the common man has chance of getting a roof over his head at affordable prices with the best of essential amenities. Green mantra – Green and a sustainable environment while carrying out urban development would be part of the landscape like water and electricity. This is not only because one needs to contribute to preserving our environment, but also because sustainability would translate into distinct cost advantages. Green and sustainability will be consumer driven and not necessarily developer driven. Three more things that will happen to change the face of the real estate sector by 2020 include. Land would have uniform laws through-out the nation – Currently land being a ‘state’ subject is under the jurisdiction of the local governments. There is a kaleidoscope of interwoven state, centre and local laws dealing with every parcel of land. This means that there are varying rules, regulations, standards, practices, from town to town across India. Even the simple concept of replicating ‘best practices’ from town to town across the country. In short-business is not as usual across India. Even the simple concept of replicating best practices’ across the country cannot be replicated smoothly due to a fragmented legal framework. A single window for all NOCs and clearances – There is hardly any predictability in terms of when one can get clearances or NDCs. It can take any time from three months to three years. One of the primary reasons for this is the lack of single window for all clearances and NOCs. Reducing the ‘time to market’ will reduce costs. The current unpredictability, enhance efficiency and ultimately pass on cost benefits to end users as risks of delay significantly decrease. Efficient land records – Perhaps the riskiest par of the real estate business is the lack of robust and reliable land records. If one were able to have reliable land records by 2020, one would have taken a huge step towards making the sector bereft of risk. In 1991, our then Finance Minister Manmohan Singh had concluded his maiden budget presentation with these words, “No power on earth can stop an idea whose time has come”. The time for real estate development to drive the GDP, to create employment and to take India to its rightful position in the comity of nations is here! During the next two decades the signage across our country will be “India: Under Construction.” Courtesy: - HT Estate. 26July 2008

ON THE GROWTH CURVE MODE

Thu, 31 Jul 08 09:14:13 +0200

Both Bhiwadi and Dharuhera are part of the 2021 regional plan for the National Captial Region Atbustling industrial town on NH-8, Bhiwadi has acquired the 'real estate destination' tag. When developers in the area realized that land availability was extremely limited in nearby Manesar and Gurgaon.Already home to over 2,500 industrial units, Bhiwadi serves as a gateway to Rajasthan.The Rajasthan (state) Industrial (development) and Investment Corporation (RIICO) had Envisaged a growth pattern on the lines of Pune and Hosur for Bhiwadi and today the town is living up to that vision. Several real estate firms like Ashiana, M-Tech, MVL, and the Piyush Group are developing integrated townships in the area and the growth of the industry in the area has led to a spurt in demand for housing. Ashiana's project Ashiana Utsav offers post-retirement lifestyle accommodation to senior citizens while M-Tech developers'Camelia Gardens offers luxury villas with their own swimming pools. Commercial project in the area include the Central Market, the Ganpati Plaza Complex, and the Ashiana Arcade Complex. The Ashiana group also has two retail Malls coming up. Bhiwadi's industrial zone is expected to be the next hot commercial hub as a number of SEZs including one by the Reliance group are coming up in and around the area.RIICO plans to develop a dry port to facilitate value added services like, container sheds, transit yards, warehouses, railway siding and truck parking, apart from excise payment and customs clearance facilities. To attract investment in biotechnology sector, RIICO has also developed a state-of-the-art biotech park. Proposals for a railway station and a road by-pass have been sanctioned -- in less then four years, Bhiwadi will be connected to Rewari by a broad gauge rail link and within two years by a bypass to NH8 and the Sohna Road. Barely a 15-minutes drive from Bhiwadi is Dharuhera in Haryana. Bullish about the area, the Haryana Government has already invested in Bawal. In 2020, both Dharuhera and Manesar will become very important locations as thanks to the expressway Gurgaon is already seen as a part of Delhi. In that scenario-in 2020--Neemrana and Dharuhera would serve as suburbs. The fast-paced industrial development taking place in the area has acted as a catalyst for the rapid growth of real estate in the area. Developers active in the area include Parsvnath, Omaxe, Dwarkadhis, GTM, and Natraj. Parsvnath city located at Dharuhera Sectors 1, and 1-A, is spread out over 114 acres and will offer apporximatly 1000 apartments of three bedrooms each and 150 villas. All these will be air-conditioned and facilities will compare to the world's best cities. Plots available in this township will range from 300 square yards to 960 square yards. According to Amit Chiller of landmark Developers, four residential projects and one five star hotel have been approved in the area and an international hotel chain will operate the hotel project. On the residential side, the company plans to construct two low-rise apartment projects and mini farm houses of 1000 square yards each. These would be weekend homes for business executives. Small villas would range between 300-500 yards and have a covered area of 2,400 sq ft. The hotel will be a 12-acre property with 3,000 rooms. The clientele will include business tourists in the Indo-Japanese corridor area. Courtesy:-H.Tdtd:-26-07-2008

TCM Launches Study On IT-ITES

Tue, 29 Jul 08 13:04:22 +0200

Trammell Crow Meghraj, one of India's leading international property consultants, recently launched their detailed real estate study on "Major IT-ITES Hubs In India -- A Snapshot" at a function in Leela Kempinski Hotel. The launch took place at a celebratory event organized by the Delhi-based publishers of Real Estate Observer, a real estate magazine in which TCM is a knowledge partner. The event was graced by leading dignitaries including Tim Eynon, CEO, Prozone Enterprises Pvt. Ltd., and Niranjan Hirananadani, MD, Hiranandani Group. The study analyses the impact of the proliferating IT-ITES sector on the country's real estate scenario, giving detailed city profiles for all Indian metros and evolving IT-ITES destinations, and summing up with a comparison of cities in the IT-ITES viability context. Realty plus

RECLAIMING RENTED PREMISES FROM TENANT

Tue, 29 Jul 08 08:18:06 +0200

SOME CONDITIONS UNDER WHICH A LANDLORD CAN ASK HIS TENANT TO VACATE THE PREMISES The Rent Control Acts of various States contain provisions to protect tenants against eviction by the landlord on arbitrary grounds. Usually, no order for the recovery of possession of any premises will be made by the rent controller in favour of the landlord against a tenant in normal circumstances. The controller may make an order for the recovery of possession of the premises on one or more of specified grounds only. An application should be made to him in the prescribed manner. These specified grounds include: Non-payment of rent The tenant has not paid the rent or arrears within two months of the due date. No order for recovery of possession of any premises is made if the tenant pays the rent due or makes a deposit. However, after obtaining this benefit once in respect of any premises, a tenant is not entitled to it again. Sub-let without permission The tenant has further sublet or assigned without obtaining the consent of the landlord in writing. Any premises which have been let for being used for the purpose of business or profession will be deemed to have been sublet by the tenant if the tenant has allowed any other person as a tenant in the premises without the consent of the landlord. Using premises for other purposes The tenant has used the premises for purposes other than that for which it was let, without obtaining the consent of the landlord in writing. The landlord must give a notice to the tenant asking him to stop misuse of the premises. The tenant must have refused or failed to comply with such a requirement within one month of the date of service of the notice. Further, the misuse of the premises should be causing public nuisance, damaging to the premises or should be detrimental to the interests of the landlord. Residence not used If the tenant or any of his family members have not been residing in a premises let for use as a residence for a period of six months. Also, if the premises let out for residential purposes are required by the landlord for self-occupation. They may also be required for any person for whose benefit the premises are held. The landlord or such a person should have no other reasonably suitable residential accommodation. Unsafe building The premises should have become unsafe or unfit for human habitation and required by the landlord for carrying out repairs. Also, the premises should be required by the landlord for the purpose of additional building or alterations. The proposed reconstruction should not radically alter the purpose for which the premises were let. The alteration may also be in the public interest. Further, the plans and estimates of such reconstruction should have been properly prepared and necessary funds should be available with the landlord. Some other reasons: The tenant has either acquired or been allotted possession of a residence. The premises were let out to the tenant because he was in the employment of the landlord and the tenant has ceased to be in such employment. The tenant has caused substantial damage to the premises. Unless the tenant carries out repairs within the specified time or pays the landlord compensation as the controller may direct, he can be vacated. The tenant has used the premises in a manner contrary to a condition imposed on the landlord, Government or the local development authority. A Government authority may have imposed some conditions while giving him a lease of the land on which the premises are situated. — A G Courtesy: - TOI dtd: - 26^th July 2008

Destination Kandivali

Mon, 28 Jul 08 09:29:05 +0200

Kandivali, a largely residential suburb, located between Borivali and Malad on Mumbai's western line, is in the throes of an urban makeover with developers eagerly cashing in on its proximity to the arterial Western Express Highway and improved infrastructure to lure homebuyers and retail players with a slew of projects. When Avinash and his wife Shantashree moved from the elite suburb of Bandra to a bigger flat at faraway Kandivali about five years ago, he feared the worst. And not without good reason, after all if it wasn't for the space constraints imposed by his cosy but small two-room apartment, he had no reason to relocate from Bandra, the suburb where he grew up and more importantly, where most of his social contacts still resided. "I had heard stories of Kandivali's commuting hassles, lack of basic amenities and frequent leopard attacks on people at the neighbouring Sanjay Gandhi National Park," recounts Avinash with a wry smile. It was only a few months after he had shifted with his wife to their new abode at a suburban apartment complex at Kandivali (East), did he realize that the horror stories he had heard were far from the truth. "I was pleasantly surprised by what I found. In fact, I have since advised quite a few of my acquaintances to move out here," he admits. Kandivali over the decade has undergone a complete urban transformation and now rates as one of Mumbai's fastest developing suburbs and a preferred retail destination with plush shopping malls like Growel's 101, Shoppers' Stop and Raghuleela Mega Mall. Its landscape is now adorned with a huge number of high-rises and housing complexes that includes landmarks like the sprawling 21-lakh sq. ft. Evershine Millennium Paradise, a self-contained residential township with over 100 buildings, Challenger Towers, a clutch of six multi-storied buildings that reach for the skies and Raheja Willows, K Raheja Universal's residential complex on Akurli road that offers a choice between 2 & 3 BHK apartments in three towers with premium amenities. Other prominent projects include: Thakur Village, Thakur Complex, Kalpataru Gardens, Oberoi complex, Sun City complex and Gundecha Builder's Valley of Flowers. The Lokhandwala group has come up with two townships in Kandivali- Whispering Palms and Spring Leaf. The former is a luxurious township of earthquake-resistant homes, spread over 27 acres of land and just minutes away from the WEH, while the latter too is a residential complex of 2 BHK and 1BHK apartments, with extra amenities like a tennis court, a play area for children, swimming pool, health club, besides ample parking space for residents. While the eastern part of this suburb has witnessed the bulk of construction activities given the ample land available and a booming demand, Kandivali (West), with its large Gujarati population, is the ideal destination for the suburban crowds with its cleanliness, excellent connectivity, affordability and well-defined distance between its residential complexes and commercial areas. Shopping for groceries and provisions is easy and affordable with the Charkop market and Apna Bazar close by. While Shoppers' Stop is the major retail shopping attraction, cinemas like Cinestar, Fame and Mayur cater to the tastes of the local moviegoers. This suburb also boasts of some of the best medical facilities in the city with a concentration of about 15 hospitals in the vicinity and a clutch of marriage halls that also abound here. As an increasing number of young, upper middle class property buyers look seriously at Kandivali as a residential option, the property rates of the suburb have shot up by about Rs 1,200 in past 4 years. Currently, the rates fluctuate between Rs 1,800 and Rs 2,800 per sq ft, depending on the area where the property is constructed and the facilities that the builder offers. Kandivali will also get more accessible once the fifth and sixth railway lines are added between Bandra and Borivali - a Mumbai Urban Transport Programme, which is expected to be implemented by 2007. Attracted by the cosmopolitan mix of its residents and array of shopping, entertainment and lifestyle options close at hand, Kandivali is fast becoming the numero uno choice among young married couples and DINK (Double Income No Kids) families looking to buy or rent affordable home without having to compromise too much on their quality lifestyle. "After living as a tenant at Andheri (East) where I couldn't stand in my balcony let alone go for a leisurely stroll in the evening thanks to the intense pollution and traffic congestion, moving to this flat at Kandivali (East) has been one of the best decisions of my life," concurs Adrian De'Souza, an IT professional with a software firm. "Earlier I lived at Andheri because it was closer to my office. After relocating I do spend more time traveling to and fro from work but it's well worth it because Kandivali offers a lot more in terms of open spaces and entertainment options," he affirms. Mahesh Joshi, who moved with his family of four to Kandivali four years ago, was on the lookout for a larger flat that also afforded a quality lifestyle for his growing kids. Says he, "When I began my search, I explored many apartments in suburbs like Versova and Marol, but was disillusioned by the high prices and the sheer congestion. Kandivali, on the other hand, has a lot more greenery and open spaces for children to play in. Moreover, I was quite impressed with the area's shopping and entertainment options and the upcoming flyover that will connect Kandivali east to the west. All these factors cemented my decision to move here and now on hindsight I am happy I took that decision." "Kandivali has been one of the biggest success stories in all of Mumbai's suburbs," says Dhiren Shah, Shah Property Consultants. "Customers are definitely showing a preference for its many integrated townships like Evershine Millenium, Valley of Flowers, Thakur Village and so on. Moreover, some of Mumbai's leading builders like the Kanakia's, Lokhandwala, Oberoi, Sheth group, Dynamix and Gundecha have their projects here. We are already witnessing a change in our customer profile for Kandivali projects from middle-class to upper-middle class. With the current rates for residential properties hovering between Rs 1,800-Rs 3,000 psf, the future looks quite promising. Realty Plus

Delhi: Mall Adorns Paschim Vihar

Sat, 26 Jul 08 11:08:03 +0200

Capitol City Mall, a new lifestyle destination in west Delhi, is a project done by Realtech Group with its joint venture partner Thapar Homes. It's the first of its kind of retail extravaganza in Paschim Vihar covering an area of 1.50 lakh sq. ft. comprising four floors with arrangement for shopping, entertainment and food. Adding to the all-important dimension of space and freedom, the 10,000 sq ft central atrium perfectly complements the building which is conveniently located next to the tri-junction of Punjabi Bagh, Paschim Vihar and Jwala Heri with ample parking area... The chief architects are Pradeep Sharma & Associates of New Delhi. It conforms to Zone-V seismic compliance with sophisticated firefighting systems and high-speed elevators. There is also an RO water plant system.

Industrial scene

Fri, 25 Jul 08 11:29:49 +0200

Bhiwadi has today emerged as a bustling industrial township. Around 20,000-30,000 persons commute from Delhi, Gurgaon and Rewari to Bhiwadi on a regular basis to work in around 2,500 small, medium and large industries, which include MNC units that manufacture various types of products like steel, furnace, electronics, engineering, textiles, pharmaceuticals, cables, rolling mills, food processing, herbal care etc.

The Rajasthan State Industrial Development and Investment Corporation (RIICO) have envisaged for Bhiwadi a growth similar to that in Pune and Hosur. Good roads, developed plots, continuous power supply, high-speed data transferring facility and common testing facility are already developed in the industrial area of this town.

RIICO has envisaged developing a dry port that facilitates various value-added services. The facilities planned include container sheds, transit yards, warehouses, railway siding and truck parking, apart from excise payment and customs clearance facilities. RIICO is acquiring more land in Bhiwadi for expansion of the auto complex, which will have an exclusive auto component unit and engineering zone with a tool room and training centre. The automobile hub would generate new investment amounting to Rs.3,000 crores in the Bhiwadi region, creating employment potential for over 7,000 persons. As Rajasthan has the highest livestock population and tremendous bio-diversity, the state has good potential in animal husbandry, genetic engineering and biotechnology. To attract investment in biotechnology sector, RIICO is considering developing state-of-the-art biotech parks. A friendly-investor biotech policy is also on the anvil, under which many lucrative incentives will be provided to the biotech investors.

Some of the other projects that are to be taken up for development by PDCOR Limited, a joint venture company promoted by Government of Rajasthan and Infrastructure Leasing & Financial Services Limited (IL&FS), include an International Trade Centre and Medicity. An export-processing zone by DLF Group and a SEZ by Ansal API are also under implementation.

Future prospects

“The town infrastructure would get a further boost with planned and aggressive initiatives by the government”, R.P. Singh, Executive Engineer with Urban Improvement Trust (UTI), Alwar and Bhiwadi, remarks. He is positive about the future of Bhiwadi. "The proposal for railway station and bypass has been sanctioned. Within 2-4 years, Bhiwadi will be connected to Rewari by a broad gauge rail link and within two years a bypass will connect NH8 and Sohna Road. This year the state government has set aside Rs 4 crores to develop a commercial/office complex."

A focal point between all-important existing and upcoming industrial towns of Manesar, Dharuhera, Bawal, Chaupanki and Neemrana, Bhiwadi is on fast track offering great investment opportunities.

Realty Plus

Commercial developments

Fri, 25 Jul 08 11:26:09 +0200

Despite being a small town, Bhiwadi offers great return on investment in commercial property due to its locational advantage. The well-known shopping/commercial complexes in Bhiwadi include Central Market, Dhaba Commercial Complex, Ganpati Plaza Complex and Ashiana Arcade Complex. Central Market is the most pricey. This ground+2 floor market looks dilapidated, crowded and old but commands a price between Rs 8000-15,000/sq.ft. As the price is shooting up, the building is adding additional floors. The present rate prevalent in Dhaba complex is Rs 5000/sq.ft. Ganpati Plaza is largely an office complex where the property price is Rs 2500/sq.ft.

Since the mall culture is yet to embrace the town it holds a lot of promise for small developers in terms of retail development. To address this need, several malls are already being constructed in the town like Village Mall by Ashiana group, Capital Mall by R-Tech Developer, Parsvnath City Centre and BB Mall & BB Square by Jagrit Infrastructure Pvt. Ltd.

The 92,000 sq.ft Village Mall is coming up in Ashiana Village, targeting 1,000 families residing in this complex and families staying in other Ashiana projects around. It will be a mixed development with two floors dedicated to shopping and the other three marked for corporate space.

Bhiwadi-based developer Jagrit Infrastructure Pvt Limited is making BB Mall. According to Col. (Retd.) D.K.Sawan, Vice-President of the company, BB Mall is coming up close to the highway and BB Square plaza near Central Market, which is the prime but highly unorganized shopping locality. BB Mall will be fully air-conditioned, the first mall to have such a facility in Bhiwadi. Spread across 1,50,000sq.ft., this ground+5 storeyed mall will have shops, office space and multiplex. Sawan adds, "We will be investing Rs 50 crores to commission BB Mall. It will be ready by the end of 2009. Ground, first and second floors will be the shopping zones, while on third floor we will have corporate offices, shops, food court and hotel, and on 4th and 5th we intend to have a 3-screen multiplex. The shops on the ground floor are priced at Rs 7700/sq.ft and the rate gets reduced by Rs 1,000 for shops on each upper floor. The office space is priced at Rs 4711/sq.ft. BB Square will be a plaza of 25,000-35,000sq.ft. The rate is Rs 8,000/sq.ft here."

Bhiwadi will soon witness the emergence of service apartment culture. Parsvnath City Centre, by Parsvnath Developers Ltd. will be an exemplary combination of shopping, multiplex and serviced apartments. With three floors of boutiques and high quality merchandise stores, it is claimed to be the largest shopping mall in Bhiwadi. Wing Commander R.K Maheshwari, Vice-President (Marketing), says, "There are a lot of industries coming up in Manesar, Bhiwadi and surrounding areas. We are developing a township with fully furnished service apartments with club facilities, food court and shopping mall targeting at the floating population who visit these factories. The project will be complete by early 2009 and we are expecting 50% return on investment. The apartments are priced at Rs 2450/sq.ft., and the shops are priced at Rs 5,750 for the ground floor, the deduction being Rs 1000 with each floor upwards."

R-Tech Developers Pvt. Ltd. will complete Capital Mall in April 2009. With a grand frontage of 325 ft. and spread over 1,75,000 sq.ft., the six-floor mall will be dedicated to retail and entertainment with branded showrooms, boutiques, hypermarket, fast food joints and a four-screen multiplex. The ground floor shops are priced at Rs 5750/sq.ft., upper ground floor at Rs 5000/sq.ft. and the first floor Rs 4,500/sq.ft. Says Akhilesh Tyagi, GM (Sales), R-Tech, "The population of Bhiwadi has risen to six lakhs and 50,000 apartments are expected to be completed in the next two years. The primary catchments will be from surrounding residential and commercial pocket,"

Real estate experts believe that with boom in residential developments and propensity to spend on the rise, there is great scope for earning good returns on investments from malls.

Realty Plus

Bhiwadi a Rising Star

Thu, 24 Jul 08 10:55:27 +0200

Once a sleepy hamlet shunned by the property developers, Bhiwadi, a bustling industrial town on NH8, is today witnessing frenetic residential and commercial activity, fast turning into a promising real estate destination.

Touted as a gateway to Rajasthan, Bhiwadi, falling in Alwar district and bordering Haryana is a major industrial growth centre in the NCR with more than 2500 operational industries. Bhiwadi enjoys immense locational advantage with Indira Gandhi International Airport, New Delhi, just 55 km away and Gurgaon 40 km away. Being close to Delhi and well connected by National Highway No.8, Bhiwadi is attracting industrialists not only from the capital but also from Punjab and other parts of India. Manesar, lying between Gurgoan and Bhiwadi, is another major industrial town with IT parks and proposed special economic zones. As the prices in Gurgaon are already high, service class people are left with no choice but to go to Dharuhera, Manesar or Bhiwadi. Several private firms like Ashiana, M-tech, Kajaria, MVL, Bhaskar BDI, Parsvnath, Omaxe, Piyush group etc are developing integrated townships and group housing projects along the Alwar-Bhiwadi Road, the nearest and most affordable destination. And today the real estate developers are quite upbeat about the brand Bhiwadi. Says Vijay Mohan, Marketing Manager of Ashiana Group, "In 1992 when we introduced our group housing scheme, we had to sell Bhiwadi first and then our product but today, from the marketing point of view, it is much easier for us to sell because Bhiwadi is gaining popularity and we are established as a brand in this locality. In 1992, people who had purchased flats from us for Rs 800/sq.ft. are today reselling them for Rs 2600/sq.ft. The 3 BHK villas that sold for Rs 15 lakhs in 2003 today fetch not less than Rs 60-70 lakhs."

The price appreciation is more discernible in retail arena as there is hardly any decent commercial complex in the town. In 1999, Rajender Gupta, a property dealer of Bhiwadi, bought a retail space in Central Market for Rs 5 lakhs. Today it has touched the Rs 50- lakh mark. He added, "Usually, every four years there is a boom in property prices and I believe that in 2009, the investors will get 100 per cent return for their investments."

Citing the reason for sudden real estate development in Bhiwadi, Rajesh Gulati, CEO, Infocus India, says, "Government's plan to develop Mumbai-Delhi industrial corridor (Bhiwadi will fall under phase I) and the entry of several new multi-national companies in and around Bhiwadi have acted as catalysts." He added, "In 2005, with the development of Gurgaon, Bhiwadi started gaining visibility. But the land, which used to cost Rs 20 lakhs/acre then, has jumped to Rs 1 crore/acre in 2007. In a year or two, it is sure to double."

Realty Plus

Residential scenario

Thu, 24 Jul 08 10:51:45 +0200

The continuing growth of industries has naturally accelerated the demand for housing and it was in this context that in the 80's, Rajasthan Housing Board (RHB) constructed 985 lime and stone houses on 40 acres of land for the industrial workers on Dharuhera-Pawal Road. In 1991, RHB and UIT (Urban Improvement Trust) together developed Sectors 4 and 7 with 862 concrete houses built as part of this scheme (53% of them for the low-income group), while 266 of different categories are planned in the Milkapur Gujar locality situated to the south of Dharuhera-Pawal Road.

The housing options currently available in this town are the ones constructed by the RHB, plots of UIT that is purchased on which houses are constructed, Ashiana projects and Konark's Oasis group housing colonies developed by private builders. To meet the scarcity of classy homes, Ashiana has given Bhiwadi Gulmohar Park, Bagicha, Gardens, Greens, Rangoli and Ashiana Villas, which are fetching a good price for the investors.

Ashiana Group's exclusive project, called Ashiana Utsav, is slated to be India's first resort offering a comfortable post-retirement life to elderly citizens. The owners are free to sell or rent their flats and the builder also extends this facility for a fee. Anticipating a huge demand for housing by the employees of the proposed projects like car plant of Honda Siel in Khuskhera, SEZ of Reliance, Kundli Manesar Palwal (KMP) Expressway etc., several private developers are making contem porary-style apartments. MVL Coral boasts of podium garden, M-Tech markets Camellia Garden's luxury villas complete with personal swimming pool and fountain while Ashiana and Cosmos promise high quality residential developments. Kajaria Greens and Residency by Kingfisher are the other projects wooing the lifestyle-conscious people. And the yet to be launched Green City's NRI City will bring in the concept of golf homes. Besides, local developers like Nishita Builders Pvt. Ltd, Piyush Group, BDI Group & Bhaskar Media Conglomerate are coming up with integrated townships. With increasing consumer awareness, the developers are striving to redefine their product offering in terms of quality and design.

If one has to invest in residential property in Bhiwadi today, the plots by UIT are available between Rs 600-1200/sq.ft., the rates in housing colonies by RHB are around Rs 1500/sq.ft. and flats that are developed by private builders are quoted at a price between Rs 1400-2000/sq.ft.

Says Col. Dilbagh Yadava, Project Head, MVL, "There are several latent factors about Bhiwadi like the proposed airport, railway station, bypass, SEZ and Honda Siel Company, which have attracted real estate companies like us to develop our projects here." Adds, Prem Adip Rishi, CMD, MVL, "We entered Bhiwadi seeing rapid industrial growth and for its excellent connectivity. At present, there is an over-supply and so this is the time for wise investors to invest because once these projects materialize, the prices will escalate."

In fact, the price appreciation is already there. Amrit Pal Singh, GM (Marketing), Kingfisher Construction Pvt. Ltd. observes, "We had launched our project in January 2007, then the price quoted was Rs 1550/sq.ft. Today we sell our flats at Rs 1725/sq.ft. and by August 2008 when the project will be ready for possession it may go upto Rs 2200/sq.ft."

Realty Plus

Mumbai: Best Options At CBD-Belapur

Wed, 23 Jul 08 10:29:38 +0200

Lakhani Constructions, based in Navi-Mumbai, has launched three new realtyoptions at CBD-Belapur. The G+10 storeyed Lakhani Centrium at plot No. 27, Sector 15, offers plush offices measuring between 2,500 sq. ft. to 50,000sq. ft. Alternately, the G + podium + 14 storeyed Suncoast, at the same address, offers a choice between multi-level duplexes (2/3/4 BHK flats) and penthouses with modern amenities that include a swimming pool, indoor games area, gymnasium and meditation area. The project is scheduled for completion in the next six months. Lakhani's Galaxy offers ready possession options that stretch G+12 storeys at CBD-Belapur's plot No. 83 at Sector 15.

Mumbai:-New Mall in Andheri near Housing Zones

Tue, 22 Jul 08 13:54:01 +0200

Mumbai-based Harsh Kaushal Corporation has launched its state-of-the-art Crystal Point mall at New Link road, Andheri (West), near the residential hubs of 4 Bungalows, 7 Bungalows and Lokhandwala Complex. The highlights of this centrally air-conditioned mall are a food court and entertainment zone on the fourth floor, with a banquet/conference hall spread over a massive 8, 000 sq ft. of area. An open terrace, measuring 30,000 sq. ft., is to be attached to it There will be two high-speed transparent capsule lifts that will afford a full view of the mall and its surrounding areas, ample parking space for more than 500 vehicles, high-class glass façade and a glass-roof atrium. Having already roped in Star India Bazaar as their anchor tenant, the mall is now open for booking shops on lease

New Hopes

Tue, 22 Jul 08 08:07:39 +0200

Ganga Express Way In fact, roads are meant for transportation but these bring riches which way these pass. Ganga Express Way will also be similar. The way it will pass, it will bring happiness there. The Ganga Express Way leading from Greater Noida to Banaras is the destiny changer of people. While this express way will be a mile stone from the traveling point of view, it will prove a boon for the areas which fall on its verges. According to the wishes of U.P Administration, these areas will be developed on the pattern of Noida & Greater Noida. Proposal to construct township at the verges of Ganga Express Way has been sent by several districts to the administration Formula-1 Race Track There is a proposal to construct a Formula-1 Race Track in Greater Noida. The authority has selected 700 acre land for it. An estimated amount of Rs 1600 crores is expected to be spent on this project Night Safari, Tourism & Entertainment. Night Safari work will also be started soon in Greater Noida. Green signal has also been given for construction of transportation hub in Bodaki. While Corporate offices and Financial Hub will be constructed in Parthala Khanjarpur, Tourism & Entertainment Hub will be constructed near Night Safari. While a hundred types of animals may be soon by national & international tourists at night safari, pubbar, discothèque and casino can also be enjoyed simultaneously. Lush Greenery Will Spread in Abundant Forest department’s 280.9 hectare vacant land near night safari on Murshadpur land shall be made green again. It will be given a shape of forest by doing plantation. The authority will get the plants planted by the forest department and it will be given a shape of forest Multi-Speciality Hospital & Inter College One multi- speciality hospital in 10 to 15 acre land and two residential inter colleges in an area of 20 to 25 acres shall be opened in Greater Noida. Both the colleges and hospital shall be constructed and ready within a period of two and a half years.

Greater Noida is great for residence.

Mon, 21 Jul 08 09:42:01 +0200

World’s Fourth Night Safari, Ganga Express Way, Formula One Race Track like several other things make Greater Noida special. It is evident that this city is attracting people to make their house.

Greater Noida is outstripping all other cities of NCR in the race of development. This city appears to be well ahead in the matter of better infrastructure and word class projects. This is the reason that big & small, resident & non-resident investors are focusing the city. This city has its unique identity due to its World’s Fourth Night Safari, Taj Express Way, Taj International Airpot, Gautam Buddh University, Mega Projects by the sides of Express Way, Formula One Race Track, Ganga Express Way, Transport Hub, Delhi – Mumbai Industrial Corridor, India Expomart Centre, Education Hub, Container Depot and IT city etc.etc.

During the forthcoming time, greater noida will show a special sparkle on the world-map. Situated near the country capital Delhi, this city has several such special things which are well enough to captivate each & every person. Then why every one would not like to have his beautiful house here. For this, while Greater Noida Authority brings housing scheme from time to time, the private developers are also accelerating more and more the development speed of this city. The people need not bother due to the distance from Delhi here. Here on one side the proposal for construction of an airport is being passed, while on other side it is hoped to bring the metro early. Express Way facility is already there for commuter by their own vehicles. After construction of Faridabad- Noida road, here traveling will become more comfortable

New projects:-

Omaxe Group is constructing NRI city in an area of 80 acres in Greater Noida. It will be given shape of a Mini Township. It will provide the facility of mall also. In addition to this, Ansal Plaza and MSX Group’s MSX Mege Mall will also be here. People can searchi their homes in Uppal group’s Residential Pulmeria, Parshvnath’s Eaden, Platinum & Panorama , Purvanchal’s Silver City, Unitech’s Horizon & habitat including Unitech Heights etc.

High-Tech Transport

City’s transport system will be altogether high-tech. On the lines of Indore city buses will be plied here. All the buses will be pollution free. Tata Company’s 80 low floor buses will be plied in first phase for it.

High-Tech City

Preparations here already been completed to settle several high-tech cities like Noida & Greater Noida along with Taj Express Way Cities to constructed on it shall be completed in three phases. First phase master plan has been passed by Taj Authority Board during its meeting. The features of these cities shall be that the SEZ, institutional, ware housing, automobile zone, transpaort, sports centre, group housing and commercial pieces of land will be allotted not in yards but in hectares. Its development will be done by big groups.

AMARAPALI GROUP

Sat, 19 Jul 08 10:11:50 +0200

Arrival of boom in real estate has seen mergence of many realtors/ builders. Among the fore runners, one is Amarapali group. Over a span of 12 years, the group has build scores of residential building, commercial complexes and corporate houses. It is now foraying promisingly into the extremely challenging space of SEZs. This remarkable success of Amarapali group owes to no. of factors namely man, machine and mantra. Amarapali group is head by its chairman / MD Mr. Anil Kr. Sharma, who is great visionary in his own right. After creating a vast repertoire of top class residential projects, malls, SEZs and IT parks, the group the set to take a giant leap by foraying into the high growth hospitality business in the country. In the first phase, the group is going to launch its international class 4 / 5 Stars hospitality projects in the cities of Virindavan, Bareilly, Jaipur, Udaipur, Indore and Greater NOIDA. Courtesy: TOI dtd: - July 11, 2008

ASHIANA HOUSING

Fri, 18 Jul 08 09:54:58 +0200

Ashiana is a word which defies translation. Very simply it means a home. But it is an Indian home and represents an Indian concept of peace and harmony borne out of family well-being related to the home. In its true sense, it can only perhaps be understood, by one who has cherished a home and built his aspirations and dreams around it. At Ashiana Housing & Finance (India) Ltd., this concept has helped to construct more than 3.0 million Sq.Ft. of residential and commercial space. Ashiana Housing began its operations in 1986 from the state of Bihar. The projects executed have been in Patna and Jamshedpur. The singular aspect of the construction activities is that the company has constructed residential and commercial complexes without any time/ cost overruns. The corporate philosophy has been to provide quality construction at affordable price tags and to deliver in time. More recently the company has gone into construction of residential projects at Bhiwadi, Rajasthan and Vaishali, Ghaziabad. Courtesy: TOI dtd: - July 11, 2008