vprashantkumar - Real life Log

WORLD CLASS LIVING NOW IN AGRA

Thu, 04 Sep 08 13:42:10 +0200

Agra is the city synonymous with romance, architectural grandeur and the Taj Mahal. The city now takes a sharp turn towards the new age lifestyle with Sushant Taj City Agra, spreading over 500* plus acres. Residents shall be enjoying world class amenities and facilities. The township shall also have some of the finest schools, healthcare and shopping & entertainment facilities, never before seen in Agra. The affordable price range at which these houses are offered further makes it a proposition hard to resist. BASERA 2B/R 128 Sq.Mtr. 153 Sq. Yd. Booking Amount Rs.93,700/-SAVERA (Duplex) 2B/R 128 Sq.Mtr. 153 Sq. Yd. Booking Amount Rs.1,11,950/-KAMNA (Duplex) 3B/R 210 Sq.Mtr. 251Sq. Yd. Booking Amount Rs.1,75,800/-RACHNA 2B/R 225 Sq.Mtr. 269Sq. Yd. Booking Amount Rs.1,43,350/-RACHNA (Duplex) 3B/R 225 Sq.Mtr. 269Sq. Yd. Booking Amount Rs.1,85,200/-ABHILASA 3B/R 242 Sq.Mtr. 290 Sq. Yd. Booking Amount Rs.1,58,400/-ABHILASA (Duplex) 4B/R 242 Sq.Mtr. 290 Sq. Yd. Booking Amount Rs.2,29,750/- For the further information and booking you can login http://www.zameen-zaidad.com Courtesy:-Times of India dt.30.08.2008

PARTNERS IN THE COUNTRY’S PROGRESS

Thu, 04 Sep 08 13:41:04 +0200

The notified pioneer Engineering SEZ offers ultra-modern infrastructure for Engineering sector Export Oriented Units. It is located on NH-1, near Murthal (Sonepat) covering an area of approx 250 acres. Completing the company’s portfolio are a number of IT/ Bio Tech, SEZ’s and IT parks with area ranging from approx. 10 acres to 75 acres. These projects are being developed by the company in prime locations like Greater Noida, Gurgaon, Noida, Lucknow and Khapoli (Mumbai). These projects are being designed by renowned consultants and will have excellent facilities, infrastructure for the units. Most of them are being designed with “walk-to-work” concept. Courtesy: - Times of India dt.30.08.2008

2 BR, 3 BR available in Essel Tower, Gurgaon

Wed, 03 Sep 08 12:07:04 +0200

2 BR, 3 BR available in Essel Tower, Gurgaon 100 % Power Backup, Club Ready / Prime Location, Swimming Pool, Lift, Security, Power Backup, Feng Sui, Park, Gym, Water Supply, Water Storage System, Near to Market, On Main MG Road / Intercom Facility. Area: Essel Tower, Gurgaon Transportation: Essel Tower, GurgaonType of ad: Individual offerType of property: Apartments# of rooms: 3 # of bedrooms: 2 # of baths: 2Basic Rate: Amenities: Covered Parking, woodwork

For the further information login http://http://www.zameen-zaidad.com/

Invest In Retail And Industrial Spaces

Wed, 03 Sep 08 12:05:27 +0200

With its commercial industrial and institutional complexes, Ansal API has also been instrumental in accelerating the economic growth of its cities and states.

The commercial projects of the company are retail landmarks in the cities that they are located in. The foremost among these is the Palam Corporate Plaza, coming up at Palam Vihar in Gurgaon. This is a commercial zone that boasts of well-planned offices and lifestyle outlets for business to take-off at supersonic speeds Palam Corporate Plaza is strategically located in one of the most promising business and residential hub of NCR.

The Sushant Corporate Plaza on the Gurgaon-Sohna Road boasts of well-planned offices and lifestyle outlets of business in the fast lane. Other such initiatives across the country include the Shushant Plaza, Jaipur, Roman Court, Kundli and Galaxy Court Panipat.

On the industrial front, Pioneer Industrial Park is making waves. It is Haryana’s first approved Industrial Township by any private developer. Located at Bilaspur Chowk, Pathredi, Gurgaon, Pioneer Industrial Park is spread around 100 acres, offering great opportunities with its Freehold Plots for Entrepreneurs and industries. These units come with special tax benefits by the Haryana Government for mega projects and SSI. The complex like all other Ansal API projects offers world class infrastructure and a productive environment.

Various plot sizes available price ranging from Rs.5,400 to Rs.10,000 per sq.ft.

Courtesy: - Times of India dt.30.08.08

Sushant Golf City Lucknow: Tee Off In Style

Tue, 02 Sep 08 12:17:17 +0200

Sushant Golf City, a mega township spread over 2000 acres expandable upto 6000 acres, shall truly lend Lucknow a whole new global character with its new age amenities and looks.

The township offers an exclusive range of designer villas to choose from. This breathtaking range includes Olivewood Villa (Duplex), Oakwood Villa (Duplex) and Pinewood Villa (Simplex) among others.

Another pride of this township is Celebrity Garden, a premium class high-rise complex offering apartments and luxurious penthouses at the most affordable price structure.

Your home at Sushant Golf City is located close to a world-class golf course designed by the internationally renowned Dr. Martin Hawtree of UK. Then of course there is the Mahesh Bhupathi Tennis Academy to give your children champion tennis tips. The township shall also be Indian’s hub centre with some of the finest healthcare, education facilities, Ansal Plaza, state-of-the-art IT & Bio Tech Parks.

Types of House Oakwood (Duplex) Pinewood (Simplex) Larchwood (Simplex) Olivewood (Diplex)

Built-up Area (apprex.)In Sq. Mtr.* 106.28 122.00 130.00 214.00Cost of Houses (Rs.) 18.62 Lacs 28.70 Lacs 32.90 Lacs 42.16 LacsInitiol deposit (Rs.) 93,100 2,87,000 3,29,000 4,21,600

Aquapolis: The designer complex on the river front

Tue, 02 Sep 08 12:13:47 +0200

The most stylishly built hi-rise Township at NH-24, Ghaziabad; Aquapolis is conveniently located from Delhi. The township is being created amidst sparkling water bodies and landscaped greenery. Come experience the enigma in a township created amongst cascading water bodies and lakes.

The township is designed by the world renowned architect Chelsea West of New York. Each unit offers wide open living space, modular kitchen and balconies opening to breathtaking surroundings.

The township integrates all amenities of modern living within its boundary walls including a club, jogging park, play school, shopping arcade, healthcare and more.

Abundant water here can be seen not only in the form of lakes but also in form of swimming pools on the roof tops. Now that’s what we cal living in style.

Fully furnished & unfurnished apartments shall be available soon, kindly contact us http://www.propertycafeteria.com.

Rs. 2000 CRORE TO BE INVESTED IN AFFORDABLE HOUSING

Mon, 01 Sep 08 09:49:44 +0200

Citigroup-backed Golden gate properties plans to invest close to Rs.2,000 crore over two years in affordable housing projects, a senior official said. The projects will be funded primarily through customer sales, apart from banks loans to the tune of Rs.500 and equity, Golden Gate managing director K Pratap said. The Bangalore-based developer on Thursday announced plans to start construction on four township projects in Bangalore and Hyderabad, all grouped under the brand name Commune. A Significant portion of each development will comprise low-cost housing units with an area of 995-1122 sq. ft.

Courtesy: - ET Realty dtd:- 29th August 2008

OFFICE RENTALS NOT TO FALL GREATLY IN SOME CITIES

Mon, 01 Sep 08 09:47:10 +0200

TATA Housing announces its first project in North India; in partnership with Raheja Developers. Raisina Residency is a premium and exclusive residential complex, located at the Golf Course Road Extension, inspired by the theme of art and culture. The master plan, landscaping and buildings have been designed by ‘AEDAS’, which is one of the top five architecture firms globally. The complex is a pre-certified Green Building under the guidance of IGBC (Indian Green Building Council)

Courtesy: - ET Realty dtd:- 29th August 2008

“EXPRESS GREENS” THE BEST RESIDENTIAL 3BR-4BR FLATS IN MANESAR BY THE DLF

Fri, 29 Aug 08 14:35:07 +0200

Top builder of India DLF launch the 3 bedroom and 4 bedroom flats in Manesar sector-M-1 in Gurgaon. It situated on the state distance ½ Km. from the N.H.-8 and this is the best situation for the industrialist person for the resident because it is 1 Km. near by IMT Manesar. This is a peace full and the green open area which is more beneficial for the health. If you want to take such type residential apartment in Delhi and NCR then it is not possible if you found then it is too expensive that a common person can not afford it.

The detail about the express greens Connectivity

Strategically located, around ½ KM. from N.H.-8
Express Greens is around 7 KMs from Haldiram
Proposed Metro Station in very close proximity - around 1 Km.
1 Km from Industrial Hub i.e. IMT Manesar
Around 4 ½ Kms from the Proposed ISBT
Around 5 Kms from "New Town Heights" (Sector 86)

The Facilities

Basic Amenities like Club House, with Multi-purpose Room, Change Room and Gymnasium, Swimming Pool and Library,

Security

Gated community with security round-the-clock
Controlled entry and exit

The Apartment

Choice of 3 Bedroom + Servant Room and 4 Bedroom + Servant Room
Compact design / efficient layout with minimum common areas within the Apartment
Airy and well ventilated Flats
Dedicated Parking Slots
Enough Green / Open Area
Storage space and Powder Toilet
Optimum utilization of space with very less wastage

Other Features

Around 2 Acres of Green belt stretch in between N.H.-8 and the Site.
More than 2 Acres of Landscape green area within the complex
In the vicinity to "soon to be ready HSIDC residential complex"

Specifications

FLOORS

Living/Dining/Passage &
Lobby within Apartment Vitrified Tiles.Kitchen & Toilets Anti Skid Ceramic TilesBedrooms Imported Laminated Wooden FlooringBalcony Terazzo Tiles / Ceramic Tiles

S. Room Grey Mosaic Cast in situ/Tiles

WALLS

Living/Dining/Bedrooms/ Passage &Lobby within Apartment Acrylic emulsion.Kitchen & Toilets Combination of ceramic tiles, oil bound distemper and/or MirrorS.Room / Toilet Combination of Ceramic Tiles / Oil bound Distemper & Mirror CEILINGS Ceilings Oil Bound Distemper COUNTERS Kitchen Counters in Marble / Granite. FITTINGS / FIXTURES Toilets & Kitchen Single Lever CP fittings, White Chinaware. Glass Shower Partition only in Master Bath, Towel Rail / Ring (No bath tubs).Stainless Steel Double bowl, single drain board kitchen sink,S. Room Toilet Conventional C.P. Fittings / White Chinaware DOORS & WINDOWS Internal Doors Polished / Painted frames made of Hardwood , Entrance door- Teak veneered & polished shutter / moulded skin door. Internal door - flush shutters / moulded skin door.External Glazings Powder coated Aluminium. ELECTRICALS Modular type switches & sockets, copper wiring (fittings like fans, light fixtures, geysers, appliances etc. not provided). Back-up power of 6-7 KVA/Apartment SECURITY SYSTEM Proximity Card Access Control, CCTV for Basement parking and Entrance lobby at Ground Floor. Boom barriers at entry & exit of the complex and at entry & exit of the basement parking CLUB FACILITY Multipurpose Room, Swimming Pool, Change Rooms & Gymnasium & Library.

For the further information login our site http://www.zameen-zaidad.com

HUMAN MENTALITY ABOUT THE GOVERNMENT SCHEME

Fri, 29 Aug 08 09:37:37 +0200

Past of few days I submitted a blog on our site which related with the DDA Flats. I found the response approximate 80% the result of the blog shows the faith of people in the government scheme but why the people like it too much can you tells me? If yes the send me comment. But the matter is not going to end here. The government registered builders provides many facility in such amount. If you don’t read the DDA news then I tell you the basic investment amount is Rs.1,50,000 and the flats allotment is depend on the lucky draw it is not sure that you got the flat in first time. If you do not get the flat in first time then you money will transferred to the next year and if you not get it in the next year it also transferred for the nest year this process is continue to six year. If the six^th year you do not get, the money return to you with the interest as decided by the government of India. It the process, if you got the flat in first time then the total money which paid by you approximate 2,500,000 for the normal residential area if you like to live in the Grater Kailash, Dwarka then you must have to pay 7,500,000 lack lumsum. Many best builders like Ansal, DLF, TATA etc provides you the Best Residential Flats in the high class residential are in 2,000,000 to 3,000,000 lacks which is paid buy you in the installments and you can get it at a time of payment. So I think the government scheme is a best process if the terms are flexible. And why government not allotted the commercial space for the Business but the private sector provides us the Residential flats and the commercial space in theBest price. Because every where you can see the private facility is better than the government and in the India mostly department hand over to private sector for the best facility. If you like to purchase a house in India you can try the best builders which are working in all over India with their projects. You can purchase flats, Commercial space in all over India such as DELHI, NCR, Haryana, Jiapur, Bangalore, Lucknow, Kolkata, Haridwar, Dehradun etc.

FIRMS DELAY REAL ESTATE PLANS AND SHARES FACE HEAT

Wed, 27 Aug 08 12:37:10 +0200

Most Indian developers have hit the brakes on fresh land acquisitions as a slide in the stock market, rise in interest rates and aggressive demands of the private equity investors have limited funding options. After five years of boom, real estate firms in India are grappling with tepid sales and cash crunches as inflated property prices and interest rates at near-decade highs scare away buyers.

For the more info of property login http://www.propertycafeteria.com

Courtesy:- ET dtd:- 22nd August 2008

PROJECTS OUTSIDE MUMBAI TO BE BUILT BY PENINSULA LAND

Wed, 27 Aug 08 12:35:20 +0200

City-based real estate developer Peninsula Land today said it would shortly spread its wings beyond Mumbai and develop projects in Pune, Nagpur, Nashik, Goa and Hyderabad. "We now have land in the cities of Pune, Goa, Nashik, Nagpur and Hyderabad wherein development work is expected to commence shortly and the projects will be completed over a span of 3 to 5 years," Peninsula Land Group Managing Director Mahesh Gupta said at the company's Annual General Meeting. Courtesy:- ET dtd:- 22nd August 2008

2/3 BHK Flat available in Jaipuria Sunrise

Wed, 27 Aug 08 12:33:24 +0200

2/3 BHK Flat available in Jaipuria Sunrise of Jaipuria Infrastructure Developers Pvt. Ltd. Indirapuram- Sufficient green spaces, Private balconies with all bedrooms, Internet broad band connectivity. Ample parking space.Hi - tech security & fire fighting systems-Modern high speed lifts, Multipurpose hall, Power backup & round the clock water supply, Gardenia Square is such a beautiful place that fulfills your every dream and desire. Jaipuria Sunrise Greens is the new discovery that satiates your living thrust with complete Group Housing Solution, it unleashes a premium Class Living that uplifts you’re living to new altitude. An altitude of great architecture, unparalleled aesthetics and unrivaled designs it offers apartments at most affordable price that wins your heart with fascinating features: Area: Uttar Pradesh › Indirapuram Ghazi badTransportation: Indirapuram,Ghaziabad NH-24Type of ad: Individual - OfferType of property: Flat# of rooms: 3# of bedrooms: 3# of baths: 2Basic Rate: Rs.2975/- sq.ft.Amenities: Basement, Lift, Parking(Covered Open)

For the further information login http://http://www.zameen-zaidad.com/

Aggressive Demands Of The Private Equity Investors

Tue, 26 Aug 08 10:07:51 +0200

All the famous and big Indian developers have hit the brakes on fresh land acquisitions as a slide in the stock market, rise in interest rates and aggressive demands of the private equity investors have limited funding options. After five years of boom, real estate firms in India are grappling with tepid sales and cash crunches as inflated property prices and interest rates at near-decade highs scare away buyers. The rates are real estate in India going to high. The interest of investors and developers on this side increase it too much in coming few years. Today the shares of real estate companies are go high the cause of it. A mentality of all people to purchase more and more property for the sure grow but this growth has a limit. Buy this high rate a common man to away from his small house.

BEES SAAL BAAD: NEW, SHARPER TEETH LIKELY TO HELP ACTIVATE BENAMI ACT

Tue, 26 Aug 08 10:06:24 +0200

Aiming to clamp down on benami transactions, the government is set to give more teeth to the Benami Transactions (Prohibition) Act, 1988. The proposed amendments to the Act, which are being given finishing touches, seek to redefine a benami property as one belonging to a non-existent person without known sources of income.

A confiscating authority will be set up as per the provisions of the Act. The authority will be empowered to deem (or, hold) a property benami and confiscate it if the owner does not have a proven source of earning.

As per the present Act, a benami transaction means a deal in which a property is transferred to a person for a consideration paid or provided by another person. In other words, the property is not transferred in the name of the person who pays the purchase price.

A benami property could be of any kind, movable or immovable, tangible or intangible, and includes any right or interest in such property. The deeming provision will make it easier for the confiscating authority to prove a benami transaction.

Importantly, powers of the confiscating authority as well as the rules would now be a part of the Act itself, sources told ET. This is an important variation from the Act, which does not lay down detailed rules. Instead, the Act gives power to the government to make rules that would provide for a competent authority to acquire such properties, and the manner in which they have to be acquired. The Central Board of Direct Taxes, the implementing authority for the Act, was to frame the rules.

This was largely the reason why the 20-year-old Benami Act is still to come into effect, as rules to operationally it could not be framed. It was felt that the powers, which were to be derived from rules, should flow from the Act itself to make it more effective, they said.

The proposed amendments to the Act will be vetted by the law ministry before they go to the Cabinet for approval. If the suggested changes are approved, they would go a long way in curbing such transactions that are rampant in real estate.

CRUNCH TIME

Govt. set to strengthen Benami Transactions (Prohibition) Act

Changes to redefine a benami property as one belonging to a non-existent person without known sources of income

A confiscating authority will be set up as per the provisions of the Benami Act

Authority will be empowered to confiscate a benami property if the owner does not have a proven source of earning

Courtesy:- ET dtd:- 25th August 2008

DDA PLANS TO BUILD 41,000 HOUSES FOR THE URBAN POOR

Thu, 31 Jul 08 10:29:37 +0200

PROJECT TO BE COMPLETED IN TWO YEARS; 2,000 WILL BE READY IN 7 MTHS The Delhi Development Authority (DDA) is set to build 41,000 homes in the next two years for the economically weaker section (EWS), a long neglected segment by government and private developers. This is the first time that any government or private agency has undertaken such a massive initiative to house the urban poor. "Everything, including land, has been lined up for the project. We are in the process of inviting tenders for construction," DDA vice-chairman Ashok Kumar told ET. These houses, an equivalent of DDA's Janta apartment, will have one room, kitchen and bathroom. DDA houses are generally offered to buyers at a price, which is usually up to 50% lower than the prevailing market rate. The EWS houses will be spread across the Capital. The first phase of 2,000 EWS apartments will be ready in 6-7 months and DDA is confident of completing the rest in two years. Given that DDA has allotted a total of 3, 67,000 houses in the past 40 years since it started building homes; a project to build 41,000 EWS homes in just two years looks massive. DDA feels a fresh supply of EWS houses will discourage proliferation of slums in Delhi, a major menace for government and urban planners. "This segment (EWS) has, so far, remained neglected. These people don't have a proper house to live in and so they go and encroach government land. Our housing scheme will discourage encroachment," said Mr Kumar. Lately, the housing for urban poor has acquired priority at DDA. According to a proposed DDA guideline, a private developer needs to compulsorily construct at least 35% of dwelling units or 15% of permissible FAR (ratio of developable space and the total area available for the project), whichever is higher, for EWS in all group housing projects in Delhi. India has seen a major property boom in the past four years resulting in housing prices going up by 2-3 times. Houses in metro cities have become completely unaffordable for families in the lower income group, most of which have either shifted to outside metros or to slums spread across the cities. DDA's move would give this segment an opportunity to own a house and live with all basic amenities. DDA is also likely to announce in the first week of August a new housing scheme for one, two and three-bedroom apartments. A total of 5,500 houses, spread across Dwarka, Rohini and Narela among other places, will be available for allotment. Since applicants usually far outnumber the houses available, DDA makes allotment on the basis of lottery. Courtesy:- ET dtd:- July 30, 2008

Pitampura Entering Mall Era

Tue, 29 Jul 08 12:37:03 +0200

A mall normally changes the skyline, landscape and social life of an area. Yes, it does. And so will MP Mall coming up at Pitampura in west Delhi. A dash of cosmopolitan lifestyle in its global perspective will be presented by Dhingra Properties through their enterprise. Here in this tall building, the buyers, the window-shoppers, the fun-seekers as well as those plainly curious will find retail outlets of innumerable brands and world class facilities for dining and amusement. The clientele is to be from localities like Rohini, Shalimar Bagh, Pitampura, Ashok Vihar and Prashant Vihar. The quakeproof mall will have all the facilities characteristic of such destinations. It will stand on a built-up area of 85,000 sq. ft. Some attractions include stainless steel cladding of front columns, a magnificent atrium, high-speed escalators and elevators, round-the-clock security and frontage for selling areas. Realty plus

HOW CAN YOU SAVE YOUR MONEY AS WELL AS TIME

Tue, 29 Jul 08 12:35:30 +0200

When you decided to purchase a house then you search more and more property in Internet, New papers, Magazine and many ads by the best builders but you are not decide which property and how you can purchase. Many different type Questions are arises in your mind such as builders reputation, property value, place and the most important question is the price. Here we solve your all query if you have these questions then there is only one solution. You can join the registered buyer agent for the best result because he collect all the data of the big and small projects which are launched buy the best builders and that's also registered by the India government. The prices of his projects are according to law of Indian state government. It's a great opportunity to you. When you are going to purchase the property such as house, commercial Plot, flats etc. you can join any buyer agent and you save your time as-well-as money and you find the best property in best place by sitting one place.

Queen of Mumbai's West

Mon, 28 Jul 08 14:05:27 +0200

Blessed with a strategic location, well-developed infrastructure facilities and excellent connectivity to other parts of Mumbai, Andheri (West) offers a potent mix of residential, commercial and retail development that has transformed it into one of Mumbai's most sought after suburbs today. Blessed with a strategic location, well-developed infrastructure facilities and excellent connectivity to other parts of Mumbai, Andheri (West) offers a potent mix of residential, commercial and retail development that has transformed it into one of Mumbai's most sought after suburbs today. One of the most well developed residential and retail destinations on Mumbai's arterial suburban western railway network that stretches from Churchgate to Vasai, Andheri (West) --- by virtue of its strategic location close to both the international and domestic airports, excellent connectivity via the Western Express highway and upcoming projects like the Vikhroli-Jogeshwari link road and the Versova-Ghatkopar metro link, well-developed infrastructure facilities and plentiful shopping & entertainment options —has always been one of the preferred destinations for property buyers and investors alike. Flanked by upmarket residential areas like Juhu Scheme, Lokhandwala Complex, JVPD, Versova and Yari Road that boast of a fair sprinkling of resident Bollywood glamour including Amitabh Bachchan, the biggest of them all, this suburb has options galore that begin from moderately priced MHADA tenements for middle-income buyers to super-premium apartments, duplexes and penthouses that target celebrities, high-net worth individuals, NRIs and expats for whom price is no object simply for the many conveniences that this suburb has to offer. Concurs Vineet Desai, a retired banker who relocated to an Andheri highrise after selling off his South Mumbai property eight years ago. "While it made sense for me to be at south Mumbai while I was still working, Andheri has been a perfect choice for me post-retirement," he says. "Besides being centrally located and well connected to other parts of Mumbai, I also have easy access to nearby supermarkets like Food Bazaar and Spinach, parks, shopping malls, restaurants and multiplexes. It's definitely one of the better suburbs of Mumbai from a residential point of view simply because it supports all the conveniences that one needs for a contemporary lifestyle." "Andheri today is in demand because it is strategically located, close to the airport and well connected to both the Eastern and Central suburbs of the city," feels Gopal Sharma, General Manager, Gundecha Builders, which has ongoing residential and commercial projects here. "It's a known fact that all the real estate activity in Mumbai is slowly shifting to the suburbs," avers Jayant Gehi, Manager (Sales & Marketing), Mayfair Housing, whose high-end residential project, Mayfair Meridian, is currently under construction here. "Andheri with its ample lifestyle, commercial and residential options makes perfect sense. Moreover, it also enjoys excellent connectivity by both road and rail to other parts of the city and is hardly 10 minutes away from both the domestic and international airports, which makes it a perfect choice for today's discerning customer." Rasesh Kanakia, Chairman of Kanakia Constructions, which has two commercial projects – Atrium and Dynasty – adds that Mumbai's western suburbs, including Andheri, have now become the center of attraction for real estate development because of their good infrastructure facilities and strategic location. According to him, a huge chunk of buyers here hail from the salaried class looking for a home close to their place of work. "In spite of the climbing property rates, there has been no let-up in demand for residential premises here, especially in upmarket areas like Yari road, Lokhandwala Complex and Andheri-Versova Link road," opines Sarvesh Sinha, partner, Good Earth Realtors. "Buyers with a smaller budget opt for smaller resale flats in other parts such as Manishnagar, Seven Bungalows and Four Bungalows along JP Road. It's one of those places where the demand for flats and apartments far exceeds the supply." Projects On Offer With demand for quality residential projects on the rise, developers have been quick to realise the potential and are increasingly coming up with state-of-the-art projects to cater to this booming demand. The reputed Ajmera group, for example, has twin ready possession residential projects – Beverly Hills and Royal Empire – encompassing an area of about 1,79,081sq. ft. at Shastri Nagar, Phase Three, near Lokhandwala. Both the projects, equipped with modern amenities that include concealed copper wiring, aluminium sliding windows with tinted glass, facilities for indoor and outdoor sports, landscaped gardens with separate play area for kids, three high-speed OTIS elevators in each wing and ample space for car parking, offer the buyers a choice between three different types of duplex apartments. Acme Group's new upcoming project Acme Ganesh, at Azadnagar behind Apna Bazaar, offers the chance to own your own home, priced from Rs. 6,500 psf onwards. Scheduled to be completed by June this year, this G+7 storeyed project will feature 1BHK (676/758 sq. ft.) and 2BHK (969 sq. t.) apartments priced at Rs. 45 lakhs and upwards. Acme Suryadarshan at the same location opposite the Sant Gyaneshwar garden, is apt for those ready to pay about Rs. 7500 psf to own a spacious 900 sq. ft., 2-BHK flat in the price band of about Rs. 65-70 lakhs. Scheduled for completion over the next 18-24 months, this G+11 storeyed project also carries a floor rise of Rs. 25 from the first floor onwards. Green Towers and Green Court are the twin Andheri projects of Lashkaria Constructions, an ISO 9001:2000 company. The former, at Gilbert Hill lane, near Bhavans College, is on the verge of completion and features 1/2/3 BHK apartments with all modern amenities at an affordable price. Green Court, on the other hand, is a multi-storied tower of spacious 2/3BHK apartments with all facilities, located just off JVPD Scheme, next to Mayfair Garden Towers. Also on the anvil is Gundecha Symphony, a premium project by Gundecha Builders off the New Link road, wherein each apartment comes equipped with hi-tech features that include an Internet, intercom phone, cable TV connection point and video door phone in addition to external facilities like a health club with steam and sauna, well-equipped gymnasium, swimming pool, jogging track and a children's park. Evershine Builders, one of Mumbai's prominent developers, also has a strong presence in this suburb with two premium residential projects, Evershine Cosmic and Evershine Embassy, currently under construction. While Cosmic offers 3&4 BHK apartments housed in three 26-storeyed towers, with four-level parking and a shopping complex, Embassy targets those looking for 2/3-BHK apartments that are spread across three 15/17/19 storied high-rise towers with a landscaped garden. Also making its presence felt on Caesar Road, on what used to be the famous Filmalaya studios, is Mayfair Meridian, the high-end residential project by Mayfair Housing, the only Mumbai developer thus far to sell projects on a carpet area basis. Meridian, offers Wi-Fi enabled super luxury 2/4-BHK apartments with an array of modern external amenities that include a club house, gym and swimming pool, hi-tech 24-hour security, elevated car park, a 15,000 sq. ft. landscaped podium and a grand 25 ft. high 5 star A/C lobby.

LIGHT AT THE END OF THE TUNNEL

Sat, 26 Jul 08 10:29:24 +0200

As soon as inflation is controlled and the interest rates come down, the current slowdown in the real estate sector will seem temporary and the sector will perk up. The persistence of inflationary pressure in the market will further affect the recovery in the real estate sector. As the government measures to improve supplies of essential commodities, so far, have had limited impact on controlling prices, RBI is likely to further take harsh measures to push the interest rates up on July 29 when it review its credit policy.

Because of the central bank's monetary measures taken so far to contain inflation, the interest rates on home loan have gone up by 2 percentage points - to over 12% in the last one year. Prior to this, the central bank, in order to contain the rise in the prices of real estate, had curtailed the flow of money to the sector. This has resulted in the rise in interest rates by over three percentage points between 2005 and 2007.

As the land cost and cost of construction increased substantially, builders find it difficult to cut the prices on the finished products to absorb the rise in EMI due to increase in the interest rates. Assotech MD Sanjiv Srivastava said that in the last one year, developers and builders have not increased the prices of their products while the input cost has increased by almost 30% to 50%. Therefore, he said, his profit margin has already been squeezed. And, any further cut on the prices of built up apartments and plotted houses will turn his business into a loss-making proposition.

Even in big city like National Capital Region of Delhi, builders have slowed down construction activities. A senior consultant said that the construction activities at present are concentrated in commercial real estate only, where demand is still there. In the residential real estate, he said, as demand has dwindled, developers are going slow in launching new projects.

As inflation is rising to touch 12%, bankers feel that RBI is likely to take measures that will push interest rate further up. If that happens, a banker said, the affordability factor will be affected very badly. This will have a direct bearing on demand for residential real estate. This will also impact the construction activities in the country.

Any slowdown in the construction activities will affect the future supply of the residential units. However, as demand for the commercial real estate continues to be good, the requirement for residential units will also be felt soon.

The consultant said that if the interest rate goes further up from here, the investors will feel the pinch. As their EMI goes further up, they would like to exit from their investments in real estate sector. This will increase the supply of the residential units, putting downward pressure on their prices.

Therefore, a consultant feels that this could be a good time for the end users to buy their sweet home. He said that it is unlikely that developers will bring down the prices of their products as this would result in a loss making proposition. He said that developers would be forced to bring down their prices only if the authorities, which own most of the land, cut land prices. He said that this would be possible if the downturn in the sector continues for a long period. But at present, it is felt that the present downturn is a temporary blip and the sector will revive as soon as inflation is brought down and interest rates come down. But, that will see the sudden jump in the real estate prices also. Therefore, the end users, consultants and bankers feel, should take advantage of current downturn in the property prices. At present, if you borrow at floating interest rate, you will have to pay high EMI as the rates are high. But, if the interest rate falls, your EMI will also come down.                                                            Courtesy:- ET dtd:- July 25, 2008

Builders Flouting EWS Norms To Land In Trouble

Fri, 25 Jul 08 11:21:19 +0200

BUILDERS would face hefty fines if they do not set aside 15% space in their housing projects for the economically weaker sections (EWS). The ministry of housing has asked states to crack down on developers who violate EWS reservation. Repeated failure to implement the policy may also result in government taking back land allocated for such projects. Land allocated for such projects. “It is UPA government’s policy to provide housing to the weaker sections of the society, and non-compliance will result in tough action from the government. Builders cannot go against the National Housing and Habitat Policy, which has made mandatory for them to set aside at least 10% for EWS construction,” a senior housing ministry official said. According to the policy, at least 15% of land in housing projects or 20% floor area ratio (FAR) – whichever is greater has to be reserved for EWS/LIG (Low Income Group) housing. The centre has taken seriously to instances in states such as Karnataka, Delhi and UP where builders have flouted EWS norms. Therefore, it has directed states to enforce the reservation strictly. According to officials, city municipal authorities would not permit developers to advertise their buildings or flats if the building plan does not have accommodation for poor. Apart from EWS allocation, necessary building bye-law and lay-out clearances by registered architects place before the builders can advertise their properties. Apart from pursuing the mandatory EWS housing, the ministry has also asked the finance ministry to direct nationalised banks to lend EWS families funds at lower rates to buy houses. The ministry has said the poor should be charged 15% below the prevalent market rate. Courtesy: - ET. Dt.23 July 2008

Panipat: Parsvanath's Paliwal City in Panipat

Thu, 24 Jul 08 12:27:29 +0200

Parsvnath Developers has announced the launch of an ultra-modern township, Parsvnath Paliwal City, at Panipat's Sector 38 and 39. The project will cost of Rs. 235 crores. It has plots ranging from 250 sq. mtrs. to 836 sq. mtrs. Parsvnath would now develop the township in Sector 38-39 of Panipat. Parsvnath Paliwal City, where all the modern amenities are to be available, is located near Devilal Choudhary Park and is spread over 162 acres. There will be group housing, shopping mall with multiplex, club with swimming pool, dispensary, school, taxi stands etc. Vast stretches of metallic and well-planned roads will stand out as another impressive factor. The township is to be built keeping in mind the opportunities to explore the huge demand for quality services in this Haryana town.

Pune: Hi-Tech Township at Hadapsar

Thu, 24 Jul 08 12:26:06 +0200

City Group, one of Pune's leading developers, has announced the launch of Amanora Park Town, a unique hi-tech integrated township project at Hadapser, Pune, that follows the guidelines laid down by the state government's Special Township Policy with regard to minimum infrastructure facilities such as wide roads, reliable power supply, 24 x 7 water supply, cycle tracks, and footpaths. These will be developed and maintained across the township by the developer. The entire township is spread across 400 acres and will include schools, college, hospital, restaurants and a sports complex within its boundaries. The first phase of Amanora Park Town will have 10 towers, each between 18-22 storeys high; hosting a sum of 680 apartments in the configuration of 2, 2.5, 3, 3.5 and 4 BHK luxury dwellings. The township will also allow its residents easy access to the latest technological innovations powered by Intel Inc. that includes paying for groceries with your thumbprint, monitoring family health status on your cell phone and ensuring the safety of your CCTV-protected home and garage from the convenience of your laptop. In another interesting revelation, the township has been planned on the concept of a 999-year renewable lease which essentially would arbitrate in the event of any disputes that may arise from issues like non-payment of maintenance dues, clashes between residents over space usage, etc. The lease will also facilitate the timely collection of all payments and ensure that the machinery of the township functions normally. Additionally, the rights of the Amanora resident will also remain unaffected allowing him to buy or sell property and for all practical purposes still have the ownership rights to avail a loan on the apartment, mortgage it or rent it for that matter. The project has also earmarked about 3 million sq. ft. for a market city which will host a hotel, office premises, club, multiplex, showrooms and a hypermarket among other things.

TENDER TO ZOOM

Wed, 23 Jul 08 11:55:28 +0200

Zoom Developers have secured tender for construction of four lane Bhopal by-pass road in MP. This 52 km long and 24 km wide project will be prepared on the basis of built-operate & transfer.

AEREN IN LUDHIANA

Wed, 23 Jul 08 11:54:43 +0200

Real estate company "Aeren R Enterprises Pvt. Ltd." are bringing theme mall "Festival City in Ludhiana of Punjab 20 lakh sq.ft. covered area is being Punjab 20 lakh sq.ft covered area is being constructed based on the concept of "Malls within a Mall" The customers shall be able to enjoy kids Mall Fashion and Lifestyle mall, Interior's Mall, Theme entertainment park, food and fiesta etc.