Sign up for Free | Read More Articles | Create A New Blog | Search News Jungle Blogs | Members | Login | Join Help Recycle | List Your Feed


(Real Estate) Zameen-zaidad Blogs Home | Profile | Archives | Friends | Free RSS Reader
Shri Aditya Estate is one of the leading real estate consultants, established in Delhi and performing successfully for the last one decade. We have developed well embellished websites viz. www.zameen-zaidad.com & www.propertycafeteria.com with a clear concept to show case all kinds of properties of our patrons for wider publicity of their projects for sale/purchase, leasing and renting purposes.

Indiabulls Ltd. has launched a Residential Project in Gurgaon “Indiabulls Enigma”Monday, January 10, 2011

“Indiabulls Enigma” The more you Explore, the more you’ll Discover, Enigma is Queer exhort. It is a Haven that also serves as  the starting point of an deviant living experience. It offers 4BHK Flats, 5BHK Flats for Buy, Lease,Rent and Sale in Gurgaon with all aspects of features and ultra modern amenities. Indiabulls Real Estate Ltd takes this opportunity to invite you to be a part of its Exclusive Luxury offering, Enigma in sector 110, Gurgaon. Enigma designed by renowned architect ARCOP is going to be Gurgaon’s new landmark residential complex. Spread over 15.6 acres of tranquality, to create to the demands of the elite league living, the master plan is a perfect blend of aesthetics, technology, human creativity and nature’s bounty.

Those who book a flat at Indiabulls Enigma shall also enjoy easy connectivity to the international and domestic airport and the IT SEZ along with a host of other comforts and conveniences such as fail-proof security, full power backup, primium quality furnishing, indoor sports section, party lawns, and a lot something like Gymnasium and Spa, Lap Pool, Aerobics and Yoga Room, Marble Flooring, UV Rated Glazing Systems, Landscaped Gardens, Jogging Tracks. If you are looking forward to book a flat at Indiabulls Enigma Gurgaon. The Basic sale Price of this high-end residential property in Gurgaon has been set at RS.5500/- per sq. ft.

We are online real estate company, property dealers, and property consultant in Gurgaon. Our property advisor is always available to assist you with all the details about the project and help you identify an apartment of you choice.

For more information about property, sell, buy, lease, rent, Residential Property in Gurgaon, Luxury Apartments in Gurgaon, Luxury Flats in Gurgaon, modern facility in Gurgaon, advance properties in Gurgaon, residential property in Gurgaon, Residential house in Gurgaon, luxury Bungalows in Gurgaon and Residential Complex in Gurgaon log on to http://www.zameen-zaidad.com or http://www.propertycafeteria.com

 

 

 

 

 

 

 


Permanent Link

The 3C Company has launched a New Residential Project in Noida “Lotus 300”Monday, January 10, 2011

 

After the grand success of Lotus Panache and Lotus Zing- The 3C Company has launched a New Residential Project in Noida “Lotus 300 ". It is a Residential Project it offers 2, BHK, 3 Bhk and 4 BHK Flats for Buy, Lease, Rent, sale in Noida with all aspects features and ultra modern amenities. Lotus 300 offers ultra Spacious Sizes Starting From 3650 sq.ft.- 3 BHK+ study, 4300 sq.ft.- 4 BHK +servant room, 5300 sq.ft.- 4 BHK + study .

3C is a pioneer in conceiving and executing green developments. The company has delivered over12 million sq. ft. credited to be one of the fastest execution platforms in India. The company mission is to be globally recognized as an integrated green developer that is Creating, Caring and Conserving. 3C is member of US Green Building Council and the founder member of Indian Green Building Council.

Lotus 300 offer Home features and community features

Clubhouse, Controlled Access, Courtyard, Gymnasium, Park, Playground, Public Transportation, Swimming Pool, Air Conditioning, Alarm, Carpeted Floors, Waterfront

Specification of Lotus 300

Plaster of Paris punning & plastic enamel paint Walls, Imported marble flooring Floor, 8 feet high veneered/enhanced finished door, Aluminum windows with toughened reflective glass and external grade paint/stone cladding, Laminated wooden flooring(Imported) False Ceiling, Fittings & fixtures from Kohler/Roca, Master toilet to have steam and shower cubicle Sanitary Ware,

Payment Plan

BHK + Study + Family Lounge + 2 Servant Room Rs.-3,650 sq.ft

4 BHK + Family Lounge + 2 servant Room Rs.4,300 sq.ft

4 BHK + Study + Family Lounge + 2 Servant Room Rs.5,300 sq.ft

We have also online property consultant and property dealers in Noida. Our property advisors are always available to assist you with all the details about the project and help you to identify an apartment of your choice.

For more information about property in Noida residential space in Noida commercial space in Noida property for sell, buy, lease, rent in Noida log on to http://www.zameen-zaidad.com and http://www.propertycafeteria.com

 


Permanent Link

A Fresh Commercial Project Wave One in Sec – 18 NoidaThursday, December 30, 2010

A Fresh Commercial Project Wave One in Sec – 18 Noida designed by leading US architects firm BBG-BBGM. This Prominent Project By Chadha Group Offering 433 to 1157 sq. ft Tentative Area For Office Space And 1200 Sq.ft Tentative Area For Retail Space.

Wave one is Having A TO Z Modern amenities That Includes air conditioning, Food Court, Fire Alarm, Lift, Maintenance Staff, Power back up, reserved parking, Surveillance Camera etc .Wave One Is Located in Sector 18 Of Noida Which has walking distance from Noida Sector 18 Metro Station And Very Near  to National Capital. Wave One offers affordable office and retail spaces in Noida that meet the requeirements of all classes of people

The Project Is By Wave Inc. formerly known as The Chadha Group Which is one of the fastest growing real estate in india . The Centerstage Mall at Sec 18, Noida is the NCR's first mega Shopping Mall Cum Multiplex with five screens. Similarly, the Chadha Group's "East End Malls" at Kaushambi, Lucknow,  "West End Malls" at Ludhiana and Moradabad have already established. Today, the group is actively involved in Food Processing, Paper Manufacturing, Sugar, Distilleries & Power Manufacturing, operation of Bottling Plants, Retailing of Liquor, Real Estate Development as well as Film Distribution.

You Can Check Full Details Of This Project on Our Website Zameen-Zaidad.Com

You can contact Bhardwaj Buildtech India Pvt. Ltd. regarding the booking and other information about this project, which is a leading Real Estate Consultancy firm in India. For more Information about this commercial project log on to http://www.zameen-zaidad.com, or email to mailto:info@zameen-zaidad.com


Permanent Link

M3M Urbana A New Project in Sec - 67, Golf Course Ext Road, Gurgaon By M3M India Ltd Full DescThursday, December 30, 2010

One of the largest Real Estate firm M3M India Ltd Launched a New Commercial Project At Sec-67, Gurgaon. M3M Urbana is High Street format California-style retail Market.It Has Ground and First Floor for Retail Space. Second Floor For High Style Food Court Or Restaurants And Third Floor To 14th Floor Planned Fully For Office Space. In Total This Brand New Project By M3M Group Has Really a Unequaled Concept where the exterior massing complements the interior courtyard. Added to this is the close proximity of this Retail Market to an up market residential community (i.e. Ireo’s VICTORY VALLEY/Grand Arch/Uptown, Emaar MGF’s Luxurious Villas â Marbella /Emerald Hills/Palm Drive, M3M’s Golf Estate with Golf Course, Bestech’s Park View Spa Next, TATA’s Raisina Residency, Pioneer Park, and Nirvana Country) with a captive consumer base. A World Class Facility and Quality Standard with a Style of Courtyard and mixed-use development enhancing open-air convenience For retail Space

Main Features Of this Unequaled Project has power backup, Ample Parking Space, Fully Air Conditioned, State of the Art Communication and Safety Systems and some of the features that will ensure smooth and efficient operations.

This Time M3M Group Offering Rs 11,600/- sq.ft For Ground Floor Rs. 9,100/- sq.ft For First Floor And Like This The List Go On….. You Can Check Full Details Of This Project On Our Website Zameen-Zaidad.Com

You can contact Bhardwaj Buildtech India Pvt. Ltd. regarding the booking and other information about this project, which is a leading Real Estate Consultancy firm in India. For more Information about this commercial project log on to http://www.zameen-zaidad.com, or email to mailto:info@zameen-zaidad.com


Permanent Link

Ansals Buildwell Limited has launched new Residential Project “Florence Adobe” in GurgaonFriday, December 24, 2010

Florence Adobe is Residential Villas by Ansal Buildwell. It is located at Sushant Lok - II & III, Gurgaon. This construction is spread into 5665 sq. ft. and the price is Rs. 4.72 crore. The booking amount is 10% of price.  It is a place which is large enough to accommodate your family comfortably and compact enough for your budget.  It is situated in posh township which is fully developed. We have easy payment plan to pay. It is good source of lifetime and secure investment. There is one lift for four floors.

All apartments are provided with all the world class amenities and facilities. There is splash and private pool with internal finishing with glass mosaic tiles. There is a gym with all latest equipment, a separate kids play area,         club house, multipurpose room for function, gathering, yoga. There is good arrangement of rain water harvesting. Security system is based on sensor in lawn, door phone and intercom facility is also available. Telephone and TV point are given separately in each bedroom, living room, and dining room. We provide 24 hour supply of electricity and water, 15kw power back up facility is available. Many schools, hospitals, restaurant and companies are close to it like DPS, Amity international school, Max hospital, Paras Hospital, Red hot café, the great kabab factory and so on. It is earthquake resistant building by IIT engineer.

Floor of the living and dining room designed by the Italian engineered marble and terrace made by the combination of granite or marble. All walls have oil bound distemper with P.O.P.  cornice. Door and window frames made with teakwood, all doors and windows are well polished.  There is a Jacuzzi in master bathroom. Copper wire is used in electricity work.

For more information about residential space in Gurgaon, residential apartments in Gurgaon, buy, sell, lease, rent, Commercial Building in Gurgaon log on to http://www.zameen-zaidad.com or http://www.propertycafeteria.com

 


Permanent Link

ILD Millennium has launched new residential project in Gurgaon “ILD Spire Greens”Friday, December 24, 2010

ILD spire Greens located at Sector 37C Gurgaon. It is a residential apartment space with 2BHK, 3BHK, 4BHK. We are providing also 3BHK Duplex and 4BHK penthouse + Duplex. The basic sale price is Rs. 2650/- per sq. ft.  Flats are spread in different areas 1208.25 sq. ft. to 3400 sq. ft. Additional charges shall be applied for covered or open car parking, power back-up, club membership, EDC & I.D.C.  We have also installment plan which gives you relief to buy your dream house. There are all aspect features and modern facilities which want a family in a house. ILD Spire Green has international architecture design. 

There is an exclusive club with a swimming pool. We provide steam and sauna facilities; tennis court, squash courts, an exclusive yoga centre and other leisure and fitness facilities add to your recreation and convenience.  There is 75% green and open area around the complex. All rooms are blessed with sun light and natural air which keeps you healthy and happy. We keep more attention of your security. We use many ways to secure you and your house like access control cards, CCTV cameras, fire fighting system. The structure of the building is fully earthquake resistant which secure natural harassment. There is 24 hour water and electricity supply and power back up facility is also available.

Master bedroom has laminated wooden floor. There are many exceptional location 3 kms from NH8 & 10 minutes away from MG road, multiple connectivity through NH8, KMP Expressway, Metro & ISBT. Many schools, collages, hospitals, employment opportunities are close to it.

We have also online property consultant and property dealers in Gurgaon. Our property advisors are always available to assist you with all the details about the project.

For more information about property in Gurgaon, residential space in Gurgaon, commercial space in Gurgaon, property for sell, buy, lease, rent in Gurgaon  log on to http://www.zameen-zaidad.com and http://www.propertycafeteria.com

 


Permanent Link

Antriksh Group Launches Luxurious Apartment in Gurgaon, “Antriksh Heights” Tuesday, December 21, 2010

Antriksh Group has presented a new luxurious project “Antriksh Heights” in sector 84, Gurgaon. Antriksh Group is a well known company in the real estate market. An ISO 9001:2000 Certified, Profit making, highly rising, Real Estate company with a track record of quality construction. It has presented numerous residential projects in the national capital city Delhi and NCR regions. This company has maintained the quality constructions from twenty five years.

Antriksh Heights approved by Haryana authority, is located in sector 84 Gurgaon. This project is spread over an area of 2595 sq.ft with efficiency more than 80%. This modern residency offer many amenities such as tennis court, health club and shopping complex that will fulfill the requirements of its customers.

It is situated very close to up-coming 5-star hotels at NH-8. ISBT and metro-station are also in the close vicinity. This project is surrounded by un-interrupted greenery. 30 Min Drive from IGI Airport.20 Min Drive from Railway station.

It offers many modern facilities such as
 
Gym
shopping complexes
Recreation Center
Swimming pool
Tennis and Badminton Court
Volley Ball Court
Spa and Sauna
Jacuzzi etc.

Project Details

BSP – Rs. 2850/- Per Sq.ft


3 BHK (1725 Sq.ft.)
3 BHK (1825 Sq.ft.)
3 BHK (2025 Sq.ft.)
4 BHK (2225 Sq.ft.)
5 BHK (2895 Sq.ft.)
 

 
The people who are interested in purchasing luxurious and affordable 3/4/5 BHK apartments in Gurgaon can visit this
source http://www.zameen-zaidad.com/antriksh-heights-gurgaon.aspx  or contact at +91-40014001, 9810445860

 For more information about this residential project log on to www.zameen-zaidad.com , or email to info@zameen-zaidad.com . 

 


Permanent Link

“Antriksh Heights” Launched By Antriksh Group Tuesday, December 21, 2010


Antriksh Group has launched a Residential project “Antriksh Heights” in sector 84, Gurgaon. It offers apartments of three, Three, four and five BHK with many luxurious facilities that include shopping complex, tennis court, badminton court, health-club, swimming pool etc.

It has double leaf entrance doors, circulation space and furniture arrangement with minimum wastage of space. Each apartment faces open spaces from all the sides. Antriksh Heights have presented to public at large, a unique design, conceived and given shape by one of internationally reputed Architectural Consultants, who have specialized in designing modern apartments.
 

Location Advantages:

The location of these beautiful flats in Gurgaon offer many advantages.  It is adjacent to proposed metro station and ISBT. Dwarka city is very near to its location. This residency is located in an eco-friendly earth resistant area. 15km from the IGI Airport and accessible from the Ring Road of Gurgaon. You will also get an easy reach from the Ring Road of Gurgaon from here.

Various Amenities:

- Recreation Center

-Spa and Sauna

- Children’s Park

-Shopping Complex

-Jogging park

-Wi-fi System

-Security System

- Rain-water harvesting

-Car parking

-Health club

- Green surroundings

-Tennis and Badminton Court

-Fire fighting System

 
Project Details

Accommodation - 4 BHK

Area - 2225 Sq.ft.

BSP – Rs. 2850/- Per Sq.ft

 

Antriksh is a well established real estate company and it has strong relations with many companies. Antriksh Group presents many residential projects that ensure quality from more than 20 years. This leading real estate company has constructed many projects in Delhi, Ghaziabad, Gurgaon and Greater Noida.

 

 
The people who are interested in purchasing luxurious and affordable 3/4/5 BHK apartments in Gurgaon can visit this
source http://www.zameen-zaidad.com/antriksh-heights-gurgaon.aspx  or contact at +91-40014001, 9810445860

 For more information about this residential project log on to www.zameen-zaidad.com , or email to info@zameen-zaidad.com . 

 


Permanent Link

TDI Launches “Tuscan Heights” in Tuscan City, Kundli, SonepatSunday, December 19, 2010

 TDI has launched the high rise floor “TUSCAN HEIGHTS “  in Tuscan City, Kundli, Sonepat .TDI Tuscan City Kundli is inspired from the scenario grand Italian Tuscan theme which is known for its green lush landscapes and artistic infrastructure. This is Affordable Housing with Affordable flats of 2 BHK flats, 3 BHK Flats and 4BHK flats are located in Kundli, Sonepat

Uniqueness of the location and land rates has also made this fast developing city an ideal destination for investment. Apart from the three existing industrial zones nearby HSIIDC, Kundli Industrial Area (KIA) and Rai Industrial Area (RIA), the growing industrial and business zones here are likely to generate significant job opportunities.

• Located on Main NH-1

• Part of Tuscan City

• Offers 2BHK, 3BHK & 3BHK+ Study options.

• Luxurious apartments inspired by ‘Tuscany' in Italy.

• Exquisite Landscaping.

 

Kundli, Sonepat is coming up as the next destination for quality living at affordable rates having affordable apartments and plots in and around NCR region, being on the national highway and having close proximity to national capital is witnessing strong demand in real estate sector owing to its proximity to the capital in the form of increased opportunities for economic and infrastructural developments.

TDI has been recognized as one of the earlier adopters of the mid-segment housing scenario. It has also been known as one of the developers to facilitate the retail and office spaces in popular area of Delhi.TDI has been creating affordable lifestyles for its customers by offering opportunities to the middle class segment to their own homes in green surroundings.

 

The people who are interested in purchasing luxurious and affordable 2/3/4 BHK apartments in Kundli can visit this source http://www.zameen-zaidad.com/tuscan-heights-noida.aspxor contact at +91-40014001, 9810445860

For more information about this residential project log on to www.zameen-zaidad.com , or email to info@zameen-zaidad.com . 

 


Permanent Link

Raheja Developers has launched a Residential Project in sec- 108, Gurgaon “The Vedas”Tuesday, December 14, 2010


Raheja Developers is coming up with its new residential project Vedas in Sec -108, Gurgaon. The project is being offered to you in 2/3 bhk of residential apartments plan. Raheja Vedas has excellent amenities

Such as Ultra Modern Club House, Swimming pool and kid’s splash pool, Club with table tennis, multipurpose room, multi gym, Outdoor sports facilities like tennis court, badminton. Located just 9 km from the IGI Airport and accessible from the Ring Road of Gurgaon. You will also get an easy reach from the Ring Road of Gurgaon from here.

The Vedas has something to offer to those desirous of living at places which offer fantastic views & a feeling of being above all & sundry. The Vedas towers come in sixteen storeys which allow you majestic views of the national capital & its most prosperous suburb. Hi-speed lifts ensure that you are propelled to your abode in no time. Well designed residential spaces with utilization of each inch of space provide a feeling of completeness to your Vedas tower unit.
 

The project is going to be a fully air conditioned residential apartment project, which is going to be different room plans. the room plans of this project will range from an area covering about 1365 sq ft of space having 2B+2T with it, 1432 sq ft having 2B+2T, 1795 sq ft having 3B+3T, 2393 sq ft having 3B+3T+SQ and 2490 sq ft having 3B+4T+SQ built in it. You can easily afford to have an apartment at this project at a price range starting just from Rs. 3575 per sq ft onwards over here.

You can contact Bhardwaj Buildtech India Pvt. Ltd regarding the booking and other information about this project, which is a leading Real Estate Consultancy firm in India.

For more information about this residential project log on to www.zameen-zaidad.com , or email to info@zameen-zaidad.com . 

 


Permanent Link

When buying another home makes sense Tuesday, December 14, 2010


A second house can prove to be a profitable investment. But before you reach for the cheque book, here’s what you should know.

 
Should you invest in a second house
Real estate experts and personal finance consultants believe its a lucrative investment. It is a good time to buy a second home because a lot of residential projects have been launched over the past two years, says Arun Chitnis at Jones Lang LaSalle India, a real estate consultancy. The abundance of residential housing will keep prices at affordable levels. For savvy buyers, this may just be the right opportunity. A self occupied house is not an investment, says Ranjeet S Mudholkar, principal adviser, Financial Planning Standards Board India. With a second home, one gets to diversify into a different asset class, he says.

An investment vehicle 


People usually buy a second home to earn rental income or to gain from appreciation in value, to use as a retirement home or as a holiday getaway but it’s mostly meant to supplement income. Buying a house is unlike any other
investment. It creates wealth unlike a car that erodes money, says HDFC managing director Renu Sud Karnad.

  HS Samaddar, a senior government employee, bought a three-bedroom apartment in Gurgaon for 8 lakh in 2002.Today, its value stands at about 80 lakh, an annual return of almost 35% in the past eight years. The 25% compounded returns clocked by the Nifty during the same period pale in comparison. The best part is he earned these returns on borrowed capital and got tax benefits as well. This wouldn’t have been possible if he had invested in stocks. Besides, he earns 14,000 as rent every month. Unlike stocks, the risks involved in buying property are far lower, he says.

The tax advantage 


A second home is also a trove of tax benefits. In the case of a first home, repayment of the principal amount of a loan of up to 1 lakh qualifies for deduction under Section 80C along with other tax-saving investments. Only up to 1.5 lakh of the interest cost on a housing loan can be set off against the taxable income of a borrower. The benefits are greater on a second property.

    Assuming that the first property is self-occupied and the second is let out, the entire interest cost on the loan can be deducted from the taxable income.Moreover, 30% of the rental income is exempt from tax as a standard deduction to cover for repairs and maintenance. Other charges such as property tax and municipal tax can also be deducted. For example, on a 80 lakh loan at 8%, the interest outgo would be 6.4 lakh, which if reduced from the taxable income would help save a tax of 1.92 lakh annually at a 30% tax rate. Remember, the deduction is available only if the property is let out.

Courtesy:- The Economic Times Wealth – Dt- 13-12-10

For more information about this residential project log on to www.zameen-zaidad.com , or email to info@zameen-zaidad.com . 

 


Permanent Link

Spaze Tower Pvt. Ltd. has launched a Residential Project in sec- 93, GurgaonFriday, December 10, 2010

Spaze Privvy The Address


Spaze Privvy The Address is a residential project by Spaze Towers Pvt. Ltd. having 2, 3 and 4 BHK apartments located at Sector 93, Gurgaon, Haryana. The Address is beautifully landscaped by international designers. Well-designed children’s park and breathtaking gardens ensure that you have the most wholesome environment for you and your family at all the times.

Privvy – The Address is a superlative destination for you to lead life that is full of moments to cherish, for this life and even for the generations to come. Every comfort of modern life is at your disposal, where you can nurture your family in the safest of environs. Privvy – The Address is exquisitely designed to emerge as a masterpiece with world class amenities.

 A few Salient features are:

·         Located close to the Industrial Hub of Manesar

·         Less than 600 units spread over 11 acres

·         2/3/4 BR Apartments & Penthouses

·         Sizes of 1297/1697/1999 / 2532 sq feet

·        Fully Air-conditioned Apartments with superior finish

·         3 side open Apartments with excellent landscape views

·        80% green

·        Three side open Apartments

·        10 High & Mid Rise Towers

·        2BHK. 3BHK. 3BHK+Study+Servant

·        4BHk+Study+Servant. Simplex and Duplex Penthouses

·        3 Tier Security

·        World Class Amenities

·        Vaastu Compliant

·        Landscaped Terraces

·        Cross Ventilation in all apartments

·        Skating Rink

·        Amphitheatre

·        Meditation Court

·        Convenient Shopping

·        Club with swimming pool

·        30-35 minutes drive from International Airport


 

You can contact Bhardwaj Buildtech India Pvt. Ltd regarding the booking and other information about this project, which is a leading Real Estate Consultancy firm in India.

For more information about this residential project log on to www.zameen-zaidad.com , or email to info@zameen-zaidad.com . 

 


Permanent Link

Realty embracing corporatisation Friday, December 10, 2010


The real estate landscape is suddenly dotted with big corporate names like Tata, Godrej, Oberoi, among others. What makes this industry attractive to them and how are consumers reacting.

Big names have suddenly cropped up along the
real estate landscape - be it Tatas (Tata Housing),Godrej (Godrej Properties),Oberoi Group (Oberoi Realty),Hero Honda Group (Arrow Infratech), Essel (Suncity),Jaypee (Jaypee Greens),Paras (Paras Buildtech) – nobody ,it seems, wants to be left behind in grabbing a share of the attractive real estate pie.

  They all agree that the sector is disorganized, perhaps plagued with more issues than any other industry; but none seem deterred by the challenges. In fact, they seem ready to unleash the 'huge opportunity' that the realty sector can offer, given a combination of demand-supply mismatch in housing and a lack of quality real estate in all segments along with enchasing on their brand name and an existing customer base, which is brand loyal.

  Take a look at Tata Housing. Their Raisina Residency was completely sold out and some investors confess that they did not even wait to see the layout plan. Ask any professional, and they say the name of a credible corporate house wins favour with them hands down vis-a vis a project by a private developer. Says Sumit Sethi, a Gurgaon based banker ,"There is a stamp of credibility if a good corporate name is associated with the project. To an investor like me, It gives an assurance about everything - right from project execution to quality of construction and timely delivery to clearances being in place. The fact is there is a lot of money involved in a real estate investment and it involves a huge risk, so the realty firm with a corporate brand makes it worth the while to take a calculated risk."

  At the recently launched Godrej Frontier, the firm managed to sell over 200 apartments within two days of launch, even though it was not officially announced. Investors were not deterred by the fact that it is close to Manesar and is the group's first project in northern India.

  So, do the corporate have an edge over other individual players in having better branding and marketability, understanding of consumer needs and preferences According to a Godrej spokesman, "The major advantage of being a corporate real estate developer is the brand name - the brand is instantly recognized even when the company undertakes projects in new markets. Most developers have a regional setup while a company follows customer-centric approach and even ropes in international architects and brings in newer designs. Typically, a company then ties up with reputed construction companies like L&T, thereby ensuring superior project quality and on-time delivery."

  Godrej Properties started operations in 1990 and its first project was Godrej Eden woods in Thane. Subsequently, it developed projects at Worli sea face, Kalyan, Panvel, etc. Now, the company is doing large projects and has a presence in 11 cities across India. According to Milind  Korde, managing director of Godrej Properties Ltd, "The company uses the joint venture (JV) model of development. This is an asset light model where a certain portion of the land cost is given as an advance to the landowner and the arrangement is either area sharing or revenue sharing or profit sharing."Even in the Godrej Frontier project in Sector 80 in Gurgaon, the Godrej Properties' joint venture partner for this project is M/s Frontier Home Developers Pvt. Ltd.

  Their focus is on medium to high-end residential properties. Some of the key projects of Godrej Properties include Planet Godrej, Mahalaxmi, Mumbai (a premium high-rise residential project located in Mahalaxmi, Mumbai),Godrej Woodsman Estate (Bangalore) and Godrej Prakriti (Kolkata).Godrej Garden City is a 250-acre township planned in Ahmedabad. Besides, there is Godrej Avalon at Mangalore, a high-end residential project spread over 6 acres, which will have three 23-storey towers offering 3 and 4BHK luxurious apartments with panoramic view of the city, the surrounding valley, and the sea. The Godrej Group has several land assets across India and there will be arrangements as and when they get ready for development. Currently, the company has signed a JV for developing 35 acres in Vikhroli. This will be a mixed use development. One thing common to corporate developers is they are all seen taking the JV route. Many a time, there is an inherent advantage in tying up with a local developer who can consolidate land banks, get clearances and as a real estate broker says, "get the dirty work done". For a local developer, they derive mileage from their association with a big brand player. Essel Group's real estate division, Sun City, recently developed condominiums in Gurgaon in collaboration with a local player ABW.

  The expectation of an investor or an end user is pretty high when a corporate name is associated with a real estate project. According to Brotin Banerjee, MD and CEO, Tata Housing Development Co Ltd, "As a corporate real estate developer of choice we work extremely hard to win over our consumers in delivering products with design excellence not only in aesthetics but also functionality. We have an approach that is customer-focused and customer-centered. Every residential or commercial premise is created o the basis of a thorough understanding of the stated and unstated consumer needs, which are obtained through a concentrated and focused consumer and market research. All our projects have been conceptualized and designed on the basis of a theme or concept, which is driven by consumer insights. We have an increased commitment to environmental stewardship and conservation that results in an optimal balance in terms of cost, environmental, societal, and human benefits while meeting the mission and function of the intended facility or infrastructure. All of Tata Housing's projects are green-building initiatives constructed and designed under the guidelines of the Indian Green Building Council (IGBC) and certified for Leadership in Energy and Environment Design (LEED) to positively contribute to the environment, like 'Xylem', Bangalore's first LEED Gold Rated Green Building; Aquila Heights, the first in India to be honoured with the AAA+ Certification by Construction Industry Development Council (CIDC) and Construction Quality Rating Agency (CQRA),which benchmarks construction quality levels."
Talking about the huge opportunity that the real estate sector offers, Brotin Banerjee says: "The opportunity presented by the Indian real estate industry is extremely large. There is immense potential in this sector due to the shortage of housing units, estimated at nearly 26.53 million and the contribution of this sector to India's GDP is 8%."However he voices concern that "the real estate sector is predominantly unorganized in nature. Most of the developers have scattered and fragmented local or regional presence. Further, the lack of a common regulatory authority increases the hurdles faced by developers and consumers."

Courtesy:- ET  REALTY - dt-10-12-2010

For more information log on to www.zameen-zaidad.com , or email to info@zameen-zaidad.com . 

 


Permanent Link

Coral Wood Gurgaon a New Residential Apartment at cheap rateTuesday, November 30, 2010

SS Group has launched a New Residential Apartment in sector - 84 GurgaonCoral Wood Gurgaon”. It is Residential Apartment. It offers 2 Bedroom and 3 Bedroom apartments for Buy, Lease, Rent and Sale in Gurgaon with all aspects features and ultra modern amenities.

Gurgaon is the main city in the Indian State of Haryana. Gurgaon is the industrial and financial center of Haryana. It is located 30 km south of national capital New Delhi and 268 km south of Chandigarh, the state capital. An important town in ancient Hindu mythology, Gurgaon is one of Delhi's four major satellite cities and is part of the National Capital Region of India. According to a survey by Business Today magazine, Gurgaon is considered the best city in India to work and live in. Gurgaon has the 3rd highest per capita income in India after Chandigarh and Mumbai.

This project is having a lot of features. In the flat accommodation Living Dining, 2 Bed Rooms with Attached Toilets, Modular Kitchen, open reserved car parking.

Walls of living room dinning room and lobby are oil bound distemper, kitchen wall are combination of tiles and oil bound distemper, internal doors entrance are seasoned hardwood frame with European style moulded shutter, living or dinning room in external windows & glazing are aluminum glazed. Ceiling are dry distemper, kitchen is modular kitchen with granite counter top, stainless steel single drain board sink with c.p fittings, master and other toilets are c.p. fitted with china ware fixtures.

Coral Wood Residential Apartment project has its location advantages to reach their easily.  It is at main road sector – 84 Gurgaon. Location Map, Floor Plan and Sitemap of Coral Wood are also available here.

For more information about Gurgaon real estate, residential property in Gurgaon, commercial property, property consultant, property information in Gurgaon, flats, plot,  homes, houses, apartment, villas, Gurgaon property dealer, residential villas in Gurgaon, Booking in tulip violet Gurgaon,  residential apartment in Gurgaon, residential apartment for sale in Gurgaon log on to http://zameen-zaidad.com/coral-wood-gurgaon.aspx


Permanent Link

Meriton Group has launched a new residential apartments “Orange County” in IndrapuramTuesday, November 30, 2010

Orange County has 2/3/4 BR Premium apartments and penthouses.  Flats are built in different areas 1197 sq. ft., 1224 sq. ft., 1566 sq. ft., and 2511 sq. ft. ; basic price of these flats is Rs. 3900/- sq. ft. this construction is too innovative with world class amenities and facilities. Every room is made according to vastu.  You can have the best of ultra modern lifestyle and yet be close to Delhi in more ways than one.

There is a lush and lavish green garden with the huge fountain. Flats are decorated by fully wooden work. There is a exclusive swimming pool, gym, table tennis court, jogging track, separate children park with swings, a multipurpose hall, health club and more. Orange county has set a milestone in the Real Estate field. We have twin level basement parking arrangement, this parking has much space to park more and more cars. We have steam and sauna bath, Jacuzzi, bar, restaurant. There is badminton and table tennis court, Kerala message and yoga center are also available. Round the clock security with the intercom in each flat.

Many schools, hotels, hospitals are near to it. The homes are concerned they are earthquake resistance rooms and its flooring is made up of the vitrified tiles, laminated wooden flooring and designed anti -skid tiles. All the flats are provided with internet facility, TV and telephone points are made up in each of the rooms along with exhaust fans and ceiling fans points. The wardrobe is also there in every bedroom. The kitchen of the flats is also highly designed consisting of working counter, woodwork and working tile. The bathroom also contains all the latest equipments. The best security is available to the residents of the area.

For more information about sell, buy, rent, lease, property in Indrapuram, residential and commercial space in Ghaziabad on to http://www.zameen-zaidad.com or http://www.propertycafeteria.com we have also floor plan and location plan images on these website.

 

 


Permanent Link

Gour India Limited launched a new residential apartment “Gaur Valerio” in IndrapuramTuesday, November 23, 2010

Gaur Vlerio is located at near DPS Indrapuram. It has 11 storied building which looks attractive. This building is spread into wide area. Every flat has a particular name 2BHK+ 2balcolies called “Maharaja-I” and area is 1085 sq. ft., 3BHK+3balconies called ”Maharaja II” and area is 1245 sq. ft. and so on. Gour Greenvista has easily complete you dream of a standard house. This project approve by the Ghaziabad Developer Authority. You would be glad to know that flats are provided on the prices which were in the year 2006 with all the amenities and facilities.

Floor of bedroom, bathroom, toilet, kitchen and balcony built by the Ceramic Tiles. P.O.P/Gypsum finish with OBD is used on the walls living, dinning, balconies and bedrooms which look so attractive and pleasing. There are polished hardwood frames of doors and windows. Designs of the external doors are too attractive. Fitting of the water and electricity supply is safe and finished. All cable, switches, pipes are branded. Electrical cabs are fire resistance and low smoke. Copper wire is used in wiring in every room. There are 24 hour supply of water and electricity, sewage and drainage scheme is also applied carefully.

There is a swimming pool, gym, jogging track, table tennis court etc. it is just 4kms far from Delhi. It is next to proposed Indrapuram metro station. Housing loan facility is also available from the leading financial institutions. DPS, Cambridge, Bhartiya Vidya Bhawan schools are near from Gaur Valerio. Taxi, autos and buses are easily available from here. Children play area is also provide in the complex. We provide 24 hour supply of water and electricity.

For more information about sell, buy, rent, lease, property in Indrampuam, residential and commercial space in Indrapuram log on to http://www.zameen-zaidad.com or http://www.propertycafeteria.com we have also floor plan and location plan images on these websites.

 

 


Permanent Link

B.C.C Builder launched a new project “Bharat Heights” in IndrapuramTuesday, November 23, 2010

Bharat Heights has residential apartment with all luxurious facilities. It has 2/3BR with balcony, kitchen, toilet and balcony. We have also installment plan on easy interest rate. It is next to Delhi/NCR. This project recognized by the Ghaziabad Development Authority. These apartments are available on reliable price which can afford every middle class family. We are trying to give you a standard.

There are glazes tile and marble floor in living room, drawing room, dining room including balconies, Kota stone is also used to make the stairs. All internal walls has plaster and plastic paint with pleasing designs, oil bounded distemper is use of good quality. All frames of doors and windows are well polished. There is granite stone slab in kitchen with stainless steel skin. Electrical work is also well finished. Every room has a separate TV and Telephone point. There is a health club with swimming pool, a grand garden with full of greenery, jogging track and gym etc. We are also providing separate play area for the children.

There is only 8kms distance from proposed world’s tallest building, 11kms away from Ashram the gateway to South Delhi, just 3kms from Anand Vihar Railway Station. The Metro Rail to reach up to Anand Vihar Bus Terminal & Indrapuram. Many prestigious schools like The DPS, Cambridge, Bharatiya Vidhya Bhawan. St Francis, St Thomas and Indus Valley are close from Bharat heights. It is very close to the world class Ranbaxy Fortis Hospital. Many shopping malls, food court, entertainment zone and Amusement centers with host of multiplexes are in close proximity.

For more information about sell, buy, rent, lease, property in Indrapuram, residential and commercial space in Indrapuram log on to http://www.zameen-zaidad.com or http://www.propertycafeteria.com  site map and floor plan images are also available on our website.

 


Permanent Link

AFFORDABLE HOMES MAKE FOR GOOD INVESTMENTFriday, November 19, 2010

The concept of affordable housing is a gift of the downturn. Like it is said. ‘sweet are the uses of adversity.’ While at no time is an economic downturn useful or welcome, the 2008 recession gave those looking for homes in the Rs 20 to Rs 35 lakh segment something to cheer; The lack of activity in the midrange segment led many developers to venture into the affordable homes market. The result is a concept here to stay. Affordable homes typically combine the best of both worlds to the extent possible. The carpet area is relatively smaller but many of the other basic amenities are offered. This is possible due to the relatively lower land costs at locations these projects are developed in – invariably in the suburbs. Land forms a large chunk of an apartment’s cost and when this cost is low, the apartment can be sold for a much lower price tag. This is also the reason why an apartment in the core city areas is expensive even if the carpet area is lesser too. The largest buyer base for affordable homes is the salaried segment and the individual entrepreneurs running small business setups. As the number of nuclear families increases, the demand for affordable homes too goes up. Though a new phenomenon in the city this market segment has already indicated that it holds huge potential for developers as well as investors.

Location and connectivity

A unique aspect of an affordable homes project is its relative price advantage in the near term. As connectivity improves thanks to the many road development projects or the Metro Rail, the neighbourhoods will have more residential and commercial projects being developed. This in turn will lead to a market for social infrastructure. It will then not be long before the locality turns into a self sufficient neighbourhood and prices escalate with more demand for property. Then, the erstwhile affordable homes project will command a much higher price. Those who, in this context, buy an affordable home early, are holding a good investment too, that will earn them handsome capital gains in a matter of time.

Base for second home

The capital gains the home earns over time helps those looking for a bigger property in a matter of time. Liquidating or mortgaging it helps in making a down payment for the second home comfortably. In the current times, an affordable homes project serves as an efficient hedge against inflation.

Temporary option

For young couples relocating to the city for a job, or for those looking at setting up home after marriage, this is a viable temporary option – for those who plan for a larger accommodation later on this saves on rent while developing a corpus alongside. Also, given the tax advantage on home loans, it is an ideal option for an interim period before the combined earnings afford them a bigger home.

 

 

Investment angle

Affordable homes serve as good investment options for property investors who don’t have a large budget. It is easy to find a tenant as the rental will also be relatively lower. The capital appreciation, especially in emerging localities, will be sharp.

Property investors now have the option of investing in a mid-range home in the city and a budget home project on the outskirts, across long and medium term horizons.s

For more information log on to http://propertycafeteria.com/join-group-housing.aspx

 


Permanent Link

CREDIT APPRAISAL TO DETERMINE YOUR LOAN ELIGIBILITYFriday, November 19, 2010

A credit appraisal is an important part of determining the eligibility for a home loan, and the quantum of the loan. A prospective borrower has to go thorough the various stages of the credit appraisal process of the bank. Each bank has its own criteria to satisfy itself on the credit worthiness of the borrower. The eligibility for the loan that a person can get depends on his credit worthiness, determined in terms of the norms and standards to the bank. Being a crucial step in the loan process, a borrower needs to be careful in planning his financing modes. The credit worthiness, basically, assures the repayment capacity of the borrower whether the borrower is capable of repaying the loan and dues on time.

Broadly, the information collected is on these aspects:

Incomes of the applicant and co-applicant Age of applicants qualifications family details nature of profession experience employer security of tenure tax history assets owned and their financing patterns additional sources of income past loan record, if any recurring liabilities investments other present and expected liabilities

The norms differ from bank to bank. Each has certain norms within which a prospective borrower needs to fit to be eligible of the loan. Based on these parameters, the maximum amount eligible is worked out.

Installment-to-income ratio

A bank applies the installment-to-income ratio(IIR). This helps in finding the loan eligibility of the applicant. It is generally expressed as a percentage. This percentage denotes a portion of the monthly instalment on the home loan taken. Usually, the banks fix 33.33% to 40% as the ratio. It is assumed that in normal circumstances, a person can pay an instalment up to 33.33% to 40% of his salary. For example; Assume the IIR is 33.33% and the gross income is Rs. 30,000 per month. According to the IIR ratio, the applicant is eligible for a loan where the instalment does not exceed Rs 10,000 per month.

Fixed obligation to income ratio

Banks also calculated the eligibility based on the fixed obligation to income ratio (FOIR). Here, a bank takes into account the instalments of all other loans already availed of by the applicant and still due, including the home loan applied for. This ratio includes all the fixed obligations that a borrower is supposed to meet regularly on a monthly basis.

The fixed obligations do not include statutory deductions from the salary such as Provident Fund, professional tax and deductions for investments such as insurance or a recurring deposit.

For example, assume the income is Rs.30, 000 per month, there is a car loan instalment of Rs. 4,000 a TV loan instalment of Rs 1,000 and the proposed housing loan instalment is Rs 10,000.

Accordingly; the FOIR is 50 percent - -50 percent of the monthly income. The bank may have a standard of 40 percent of FOIR. So, the total installments the person can pay, as per the bank’s FOIR standard  is Rs. 12,000 per month. As he is already paying Rs. 5,000 towards the car and TV loans, he has Rs 7,000 left and the loan eligibility is taken as Rs 7000 per month as the basis of housing loan repayment capacity of the customer. Thus, a backward calculation of the repayment capacity is made to find out the amount to be given as loan.

Loan-to-cost ratio

A bank also computers eligibility on the basis of a loan-to-cost ratio (LCR). This ratio is used to calculate the loan amount that an applicant is eligible for on the basis of the total cost of the property. This sets the upper limit or the maximum loan amount that a person is eligible for irrespective of the loan eligibility under other criteria. The maximum amount of loan eligible is pegged to the cost or value of the property.

While the loan eligibility as per the other parameters may be higher, the loan amount can’t exceed the cost or value of the property. The ratio varies between 70 to 90 percent of the registered value of the property. Loan eligibility is computed on the basis of these parameters that act as a guide to determine the loan amount. Generally, the lowest of these is taken as the loan amount that the applicant is eligible.

For more information log on to http://www.propertycafeteria.com/home-loan-application-form.aspx

 


Permanent Link

Antriksh Realtech Pvt. Ltd. has launched a Residential Project in Indrapuram”Antriksh Sanskriti”Tuesday, November 9, 2010

Antriksh Sanskriti located at NH-24, Indrapuram. It has Residential apartments with 2BR flats, 3BHK flats with all aspects features and ultra modern amenities. There is much type of flats 2BHK+study+store, 3BHK+ 3 toilets + study/servant, 4BHK + 3 toilets. Flat’s minimum area is 900 sq. ft. and the largest area is 1880 sq. ft. Construction link plan is Rs. 2500/- per sq. ft. It has lot of facilities that makes it a dream home for everyone. We have convenient payment and installment plan. Additional charges shall be applied for covered or open car parking, power back-up, club membership, EDC & I.D.C.

Specification of Antriksh Sanskriti

Walls of bedroom, bathroom, toilet, kitchen built by the Ceramic Tiles. Synthetic Distemper is used on the walls which look so attractive. Oil bound distemper is used in balcony for the protection of weather changes.  Vitrified tiles used on lobby, living room, Dinning- anti skid ceramic tiles used on kitchen floor. There are polished hardwood frames of doors and windows. Designs of the external doors are too attractive. Fitting of the water and electricity supply is safe and finished. All cable, switches, pipes are branded. Electrical cabs are fire resistance and low smoke. Copper wire is used in wiring in every room. There are 24 hour supply of water and electricity, sewage and drainage scheme is also applied carefully.

Antriksh Sanskriti has a huge swimming pool, health club with changing room, Gymnasium, Table tennis room, Jogging track, milk booth, rain water harvesting etc. There is two tire securities through C.C.T.V. surveillance, we have also wall around the building for security reason. All apartments planned to have ample natural light. There is a grand welcome lobby with guest lounge. It is earthquake resistant RCC structure. All apartments have independent balconies with living room and bedroom. Akashrdham Mandir just 15 minutes away, DPS Indrapuram is also close with it, Fortis Noida is only 2kms away from Aantiksh Sanskriti.  Chose your dream home with modern facilities offered in Indrapuram NH 24.Antriksh Realtech Pvt. Ltd. completes a dream with its 25 years experience. This project managed by civil engineers, professionals and reputed businessman. It looks like a paradise on the Earth.

You can also see the floor plan, location map of Aantriksh Sanskriti at our website http://www.zameen-zaidad.com/antriksh-sanskriti-indirapuram.aspx. We have also online booking facility and property advisors for your help.

For more information about apartment, flats, residential space in Ghaziabad, property in Indrapuram, Lease, Rent, Sell, Buy. Log on to http://www.zameen-zaidad.com or http://www.propertycafeteria.com


Permanent Link

Residential apartment by V3S Infra Tech Limited at Indrapuram Tuesday, November 9, 2010

V3S Infra Tech Limited has launched a new plan Residential Apartment in Indrapuram.”V3S Inderlok”. It offers many type of apartments or flats, 3BHK flats, 3 bedroom flats and 3+1 Bedroom for lease, rent with all features and modern amenities.

Apartments available in different areas 1150 sq.ft, 1200 sq.ft, 1550 sq.ft. The basic sale price of these apartments is same Rs. 3150/-. We have all apartments with kitchen, toilet, balcony and all facilities. Water and Electricity supply available 24 hours. We have power backup for power cut. Additional charges shall be applied on extra facilities like car parking, club membership, security etc. Payment plan is easy; booking amount is only 10% of NSP after that 85% of NSP + 50% of additional amount shall pay within 40 days.

Features of V3S Inderlok

Electricity wiring is inside; we have use good quality of switch, cable and other things. Rooms are marble flooring and walls designed by tiles that look great. Door has latest type of lock and handles, wood which is used in Door and windows is also first class. We are used many branded items in flats these brands are Jaquar, Havells, Johnson, Tata Tiscon Fe-500m, PVC Ajay flow guard, Wooden laminate vitrified “Asian” Creamic “Orient”. These brands have also given warranty upto 15 years or lifetime. These is a green and huge park that is useful of you and your children for playing, jogging.

2BHK apartment’s bedroom space is 10’7x13’6 and 10’3x13’6 and the drawing room space is also good 17’2x10’9 that is idol apartment of everyone. V3S IndraLok is just 1km from Delhi Border adjacent to National Highway-24 and opposite to Noida; Sector-62. V3S IndraLok has so much that makes it a great place to live in everything that life has to offer. . You can also see the floor plan, location map of V3S Inderlok at our website http://www.zameen-zaidad.com/v3s-indralok-indirapuram.aspx. We have also online booking facility and property advisors for your help.

For more information about apartment, flats, residential space in Ghaziabad, property in Indrapuram. Log on to http://zameen-zaidad.com or http://www.propertycafeteria.com 

 

 


Permanent Link

PROTECTING PROPERTIES OF NRISThursday, November 4, 2010

 Recently, there was shocking news in a leading daily which highlighted the plight of a Zambia based teacher whose house was grabbed by his own sibling. 
    The case pertained to a Meerut-born teacher who was settled in Zambia for several years and had
purchased a house in the name of his mother. A couple of month after he returned to Zambia, he got a message from a friend informing him that there was a flurry of activity in his new house. A new floor was apparently being constructed over his house, without his knowledge to boot. When the teacher inquired of his mother, she told him that his younger brother was building the second floor. And one can imagine the shock of the teacher over this news. But he was helpless to take any remedial measures. 
    According to Arun Mohan, a noted lawyer specializing in
the realty sector, succession and ownership matters: "It is advisable that they [NRIs] ask more than one friend or relative to take care of their property. If it is a house, a nameplate engraved on the wall would go a long way in protecting the property." 
    We all know that a person residing outside India can hold immovable property in India acquired by way of inheritance from a person resident in India. There are thousands of properties that NRIs inherit and which are not attended properly in India. It is really a problem area as a large number of NRIs complain during Pravasi Bharatiya Divas (PBD) sammelans that efforts should be made so that such
properties are guarded from dubious people who go all out to grab them with the help of strongmen. 
    Top government officials routinely assure NRIs that their grievances would be addressed - and the whole matter is forgotten once the PBDs are over. According to Arun Mohan, "Shady people make a survey of properties which are lying unattended and on which taxes are not being paid. Such properties are more likely to be grabbed by unscrupulous people." 
    "It is not a matter that is only considered in respect of wealthy NRIs. There is a great need to make our laws more stringent so that nobody dare try to grab properties of anybody through forged documents or through other illegal means," Devinder Gupta, head of Century 21 India says. 
    Santokh Chawla, a Dubai-based NRI with interests in amusement park business, says: "I can tell you from my own experience that while the government asks NRIs to invest in India in a big way, they do precious little to safeguard the
properties of NRIs, who remain out of India for many years. I have seen that people encroach upon the land or properties of NRIs as they know nothing would happen to them. The cumbersome process of our law is such that it takes long to get justice even if you live in the country. If you live away from it, then only god can help your cause." 
    "I feel that if we make our laws stringent with respect to inheritance of properties, many more NRIs would invest in the realty sector. Many of them fear investing here as they always fear that somebody would grab their properties in their absence," Alimuddin Rafi Ahmed says. 
    Legal experts say that if
NRIs inherit property in India, they must take proper care of those properties. One has to go for proper legal documentation process. They must also pay the municipal and other taxes through cheques and photocopies of those should be kept in a safe place. Moreover, one should not give wide power of attorney with unlimited powers to friends or even relatives. If a power of attorney has to be given, it could be for a specific purpose of maintenance and protection of the property. It should not grant the power to sell, nor agree to sell. 
    However, Chandrasekhar Tiwari, an expert on NRI matters, said that it has become a habit of NRIs to criticize anything and everything related to their own country. 
    "They have to understand that if they do not look after their own property on a regular basis, who else would take care of that. As and when they come here they slam the Indian system as though it were a clockwork world where they currently reside."All said and done, there is a need to address the genuine concerns and issues of NRIs. After all, they are Indians and invest here.
 
Courtesy Times Property dtd:-23/10/2010

For more information   visit  http://www.zameen-zaidad.com and http://www.propertycafeteria.com

 


Permanent Link

REAL ESTATE EMERGING AS SIGNIFICANT ASSET CLASSThursday, November 4, 2010

 

While stocks and bonds have held their position as traditional investment instruments, investors are increasingly looking for alternate investments such real estate, hedge funds, private equity and exchange-traded funds (ETFs) to engineer an overall enhanced performance of their portfolios. 
    Improving construction quality, enhanced market transparency, and availability of suitable options have made real estate a good asset class to invest in. It provides a stable and predictable income yield along with a possibility of capital appreciation. While residential markets in India have already witnessed a rapid bounceback, commercial markets had touched a cyclical low and are expected to recover. 
    
The market value of investment grade real estate in India under construction has increased from USD 69.4 billion at end-2006 to USD 101.3 billion by end-June 2010, which is 8.2 percent of India's nominal GDP for 2009. A significant portion of this market value is costs of construction and development of these real estate assets. The costs have been assessed to be USD 48.5 billion over a period of 2-3 years. 
    The market value of commercial (office and retail) real estate under construction is USD 34.8 billion. Commercial office space under development contributes 74 percent of the estimated market value being developed in the commercial sector. As of the second quarter of 2010, Tier I cities of Bangalore, Mumbai, and NCR-Delhi contribute to 70 percent of the market value of commercial office space under construction, while Tier II cities of Chennai, Pune, Hyderabad and 
    Kolkata contribute to 21 percent of the pie. Other investment-grade developments in Tier III cities contribute to a mere nine percent of the pan-India market value being developed in India today. 
    However, with
infrastructural developments and lower real estate costs, the share of Tier III cities is likely to grow in future. While the Tier I cities contribute to 62 percent of the commercial retail space under development, 27 percent is supplied by the Tier II cities. 
    The residential sector has been the most resilient one in the recent downturn, aided by the high demand for housing in India. While residential property prices slumped in the first half of 2009, their rapid recovery in the second half of 2009 and first half of 2010 was accompanied by a slew of launches across India. 
    As of the second quarter of 2010, the market value of residential properties under construction is USD 66.5 billion, contributing 66 percent of the value of total real estate under construction in India. 
    While the premium segment comprises only four percent of the saleable area being developed, it contributes to 24 percent of market value. While NCR-Delhi leads in terms of volume of residential properties being developed, Mumbai contributes a larger share to the market value. 
    Foreign direct investment (FDI) in housing and real estate in India increased steadily from USD 0.04 billion in 2005-06 to USD 2.18 billion in 2007-08. Since 2007-08, a total FDI of USD 7.82 billion has been put
into housing and real estate in India. Considering an average construction period of three years for properties, this comes to 7.7 percent of the market value of investment-grade real estate under construction as of the second quarter of 2010.

Courtesy Times Property dtd:-23/10/2010

For more information   visit  http://www.zameen-zaidad.com and http://www.propertycafeteria.com

 


Permanent Link

MAKE YOUR PROPERTY A GOOD INVESTMENTFriday, October 29, 2010

 

Property as an investment always yields the best returns. In a market where inflation is the only factor going up, property is the best bet to watch your money grow. In the current scenario, investors need to take a long-term view unlike in a speculative market where one could earn 25-30 percent returns in a matter of a few months. 
    While the long-term story continues to be intact, you need to keep in mind a few factors before taking a call on investments. For instance, it is important to focus on the location of the property. 
    With the economy showing signs of recovery and global fears of recession beginning to fade away, the real estate market is expected to pick up. When you purchase a property during an uptrend, your investment could appreciate in no time. 
    Reasons like
lower home loan rates, property price correction, apartment downsizing, and a recovery in the job market are translating to a pick-up in demand for residential projects. With improvement in macroeconomic conditions as well as buyer affordability, developers are witnessing a stronger response to new launches across cities. 
Location 
    In a city like Bangalore, the key locations where your property will fetch a good price have to be close to the airport, metro network or close to the IT parks. This is because connectivity and access to the workplace are the two most significant factors that need to be taken into account while scouting for the ideal location. 
    Even when you consider letting out your
property for commercial or residential purposes, these are the factors that are going to get you the best rental returns in the market. 
    Proximity to the IT belt, shopping malls and schools will enable you to get higherpaying tenants from this market segment. 
Key demand drivers 
    Some of the key drivers that are pushing the property market are: 
    Price correction: Residential property prices have witnessed a correction across India. Affordable housing: With the reduction in property prices, many developers have down-sized apartments in order to attract a wider category of buyers. This has enabled a budget segment buyer to select a house at a better location or at the same location but at a lower cost. 
    Some developers have also introduced the concept of condo apartments, one-bedroom and oneand-ahalf-bedroom units to widen their customer base. 
    Home loan rates: Over the last few months, interest rates on home loans have been very affordable. This has encouraged young homebuyers to seek a home loan immediately so that they have time on their side to pay off the loan over a period of 15 years or more.

Courtesy Times Property dtd:-23/10/2010

For more information house for sale, homes for sale, houses on rent, rental house, rented property, apartment for sale, property on sale, flats in delhi, flats in Gurgaon, rental flats on sale log on to http://www.zameen-zaidad.com and http://www.propertycafeteria.com


Permanent Link

MANAGING INTEREST RATE HIKEFriday, October 29, 2010

Over the past few weeks, many banks have increased their benchmark prime lending rates (PLRs). The PLR is a reference or benchmark interest rate used by banks for lending. The central bank's recent decision to increase the key rates had many banks feel the pinch of increased cost of funds. To maintain profitability, the lenders passed on this burden to home loan borrowers. 
    Take for instance the case of Rahul, who had borrowed Rs 25 lakhs at 13% floating rate of interest. His EMI due was around Rs 37,000 computed for a tenure of 10 years. The lender increased his rate of interest to 15%. What would be his EMI outflow after the increase? It comes to around Rs 40,000. 
    For borrowers on a tight budget, such an increase in rate could be worrying. Instead of panicking, the borrower must learn to manage his finances and debts more efficiently. 
Here are a few tips: 
Be prepared 
    Borrowers who have taken a floating rate of interest must anticipate fluctuations in interest rate. Some lenders do not even send a formal communication on rate increase to their borrowers. Nor do they warn their customers of any impending rate increase. 
    Set aside a small amount every month that you could use in case the bank suddenly decides to increase your EMIs. Buy early 
    Buying early ensures you become debtfree very soon. Also,
repaying your home loan earlier in life enables you to augment other investments sooner. 
Borrow as much as needed 
    Heavy debts take a longer time to clear and could be more challenging. Borrowers who are unable to repay might default and lose their dream home. 
Avoid more debts 
    If you are unable to make home loan repayments, explore a suitable repayment option with the lender. Indulging in more personal loans and credit card purchases could make the situation worse to handle. Desist from wasteful expenditure. 
Explore alternate sources 
    A gold loan, loan against security or
borrowing against any property could help you raise the much-needed funds. Do not stop contributing to your emergency or contingency fund. Explore if you have other assets that you could sell and prepay your home loan as much as possible. 
Increase tenure 

So, if Rahul increases his loan tenure to 18 years from the original 10 years, his EMI due drops to Rs 33,500. 
Courtesy Times Property dtd:-23/10/2010

For more information house for sale, homes for sale, houses on rent, rental house, rented property, apartment for sale, property on sale, flats in delhi, flats in Gurgaon, rental flats on sale log on to http://www.zameen-zaidad.com and http://www.propertycafeteria.com


Permanent Link

BENEFITS OF BUYING A HOUSETuesday, October 26, 2010

If you are living on rent, this is the time you should plan to buy a house for yourself. And there are a slew of excellent places to choose from — markets like Noida, Greater Noida, Raj Nagar Extension, Faridabad, Sonipat and Grugaon-Manesar, where apartments are available at affordable prices. With the tax benefits that you will get on the purchase of a house for your own use, it is better to buy a house than to live on rent. If your household income is Rs 30,000 per month and you are paying Rs 8,000 rent for a two-bedroom house, you may as well buy a similar apartment for around Rs 17 lakh. You will have to stretch your finances a little, but it will not only reduce your tax liability to almost zero but will also enable you to create an asset. 
    A number of housing projects have been launched by developers in Noida Extension (Greater Noida, Sector 1-4) where two-bedroom apartments are available for Rs 15 lakh to Rs 17 lakh. Similarly, a number of projects are coming on Noida-Greater Noida Expressway in the affordable price range. Other areas which meet the requirement of middle-class buyers are Raj Nagar Extension in Ghaziabad, Kundli, Nahar Paar area in Faridabad and Gurgaon-Manesar. 
    All of these locations like Noida Extension, the Noida sectors on Noida-Greater Noida Expressway and Raj Nagar Extension are well connected to central Delhi through wide roads. However, public transport system in these areas has not fully developed yet. It is expected that by the time developers give possession over the next three years, a public transport system would become commercially viable because of the large population that would eventually settle in these areas. 
    If you want to buy a
two-bedroom apartment in any of these areas, you will have to shell out around Rs 16 lakh. After paying 15% of the total amount as your owncontribution, you will have to borrow around Rs 13.50 lakh to buy the flat. The monthly instalment for this kind of loan at 9% rate of interest for 20 year repayment schedule would be around Rs 12,000. 
    However, you may think that during the initial period, you may have to give the instalment to repay the loan as well as rent for the house you are living in. Normally this acts as a big deterrent to buy a house. But to avoid this situation, you can go for the construction linked loan from banks. In this case, the amount is released in certain proportion to builders as they achieve certain milestone in the construction of the condominium. At the same time, your liability will be created on the basis of amount released to builders. 
    Not only this, there are banks which extend moratorium period on the repayment of loan till the possession is given. Till then, the instalments that are due are added to the principal amount. But, this saves you from paying the instalments for the repayment of loan as well as the rent of the house you live in simultaneously. At the same time, after three years, when you have to pay the instalments, your income should have also increased considerably.
 
Courtesy Times Property dtd:-23/10/2010

For more information about real estate, property, residential property, realty firm, commercial property, commercial real estate, real estate developers log on to http://www.zameen-zaidad.com

 


Permanent Link

CAPITAL GAINS AND TAX ON SALE OF HOUSETuesday, October 26, 2010

The Income Tax Act contains specific provisions on tax of capital gains arising out of transfer of a house. Capital gain tax is leviable on sale or transfer of a house. What constitutes a sale and transfer has been specified under the Income Tax Act. The capital gains tax is computed on the indexed cost of the house sold, which is deducted from the amount received by the assessee. The indexed cost is computed according to the indexation rates notified by the Income Tax Department for each year. 
    
A seller of property can reduce the capital gains tax by complying with the provisions specified under the Act. The benefit is available only to individuals and to a Hindu Undivided Family. No other category of assesses are eligible for the concessions. 
    The asset transferred should be a residential building including land attached to it. Further, any income from the house should be chargeable to tax under the head 'Income from House Property'. Other types of properties are not eligible for this exemption. The capital gains should arise from the transfer of a long-term capital asset. The house must be held for a period of more than 36 months before the date of sale or transfer. It may be selfoccupied or rented out. 
    In order to avoid being liable to pay capital gains tax, an assessee should have either purchased a house within one year of the sale or should do so within two years after the date on which the transfer took place, or construct a house within a period of three years after the date of transfer. In these cases, instead of the capital gains being charged to income tax as income of the previous year in which the transfer took place, it will be dealt with in accordance with the specified provisions. 
More gains than cost of new house 
    In case the amount of capital gains is greater than the cost of the
new house purchased or constructed, the difference between the capital gains and the cost of the new house is charged as income of the previous year. In case the new house is sold within a period of three years of its purchase or construction, for the purpose of computing capital gains in respect of the new house, the cost will be nil. 
Gains less than cost of new house 
    In case the amount of capital gains is equal to or less than the cost of the new house, it will not be charged to tax at all. In case the new house is sold within a period of three years of its purchase or construction, for the purpose of computing capital gains in respect of the new house, the cost will be reduced by the amount of the capital gains. 
    Any amount of the capital gains which was not appropriated by an assessee towards the purchase of a new house within one year before the date of transfer of the original house, or which is not used by him for the purchase or
construction of a new house before the date of furnishing his returns of income, should be deposited in specified bank accounts. The amount should be deposited before the due date of filing income tax returns. 
    The amount can be used in accordance with any scheme the central government may frame. The proof of such deposit should be attached with the income tax returns. The amount already used by an assessee for the purpose of purchase or construction of a new house together with the amount deposited will be deemed to be the cost of the new house. 
    In case the amount deposited is not used fully or partly for the purchase or construction of a new house within the period specified, the unused amount will be charged as income of the previous year in which the period of three years from the date of transfer of the house expires. 
    An assessee will be entitled to withdraw the amount in accordance with the provisions of the scheme.
 
Courtesy Times Property dtd:-23/10/2010

For more information about real estate, property, residential property, realty firm, commercial property, commercial real estate, real estate developers log on to http://www.zameen-zaidad.com

 


Permanent Link

Home Loans Suggestions Friday, October 22, 2010

by Harsh Vardhan Roongta

My husband and I have taken a joint home loan in June 2008 for an under-construction house. We got possession of the house in September 2010. We have been paying pre-EMI so far. We stay in a rented accommodation and plan to shift to the new house in April 2011. For the current financial year 2010-2011, can we claim tax benefits on the pre-EMI amount in addition to the tax benefit on rent paid?

-Samarth Shah You can claim full tax deduction benefits in respect of interest paid during the year in which you take the possession of the under-construction property. Therefore, in your case the entire interest payable for the financial year ended March 31, 2011 (including the interest payable from April 2010 till the date of handover of possession in September 2010) is fully deductible under Section 24. In addition to the interest paid during the financial year 2010-2011, you can claim 1/5th of the pre EMI interest paid/payable till March 31, 2010. You can claim HRA provided you have actually paid rent.

Claim of HRA is not linked with tax benefits on home loan.

We would suggest that you take the new house in a livable condition and actually stay there for a few days before March 31, 2011. This will ensure it is treated as a self-occupied property and the annual value is taken as nil.

I had taken a home loan four years ago for 20 years. Now I want to transfer the loan to my brother. 1. Do I need to make a new agreement to transfer the home loan. 2. Will it be wise to transfer the loan or gift it to him (If possible)

Sharad Das You cannot `gift a loan' or `transfer a loan'. You will need to pay off your existing loan fully and your brother will need to purchase the property and get a new loan on it. You can sell the property to your brother, but change of ownership will have stamp-duty implications. It is possible that your existing bank may agree to provide the loan to your brother based on his income documents and he can use this loan to pay you off which in turn can be used by you to pay off your loan to the bank.

Please note that if you transfer your house within five years, the income tax benefits availed by you, in respect of principal repayment allowed to you under Section 80 C will be treated as your income of the year in which you transfer your property. Can I change my EMI after paying some installments?

Rahanna Khan You can change your EMI provided the lender agrees to these changes in your installment pattern.

How is the pre-EMI calculated?

Shikha Sood Pre-EMI is just the interest portion of the loan calculated on the loan amount disbursed and does not have any principal component of the loan. Pre-EMI interest is paid for a loan taken for an under-construction property.

Harsh Roongta is CEO, Apna Paisa. He can be reached at ceo@apnapaisa.com

Courtesy HT Estates Dtd:- 16/10/2010

For more information log on to http://www.zameen-zaidad.com

 


Permanent Link

As the real estate sector emerges from its present turmoil, long-term investments are expected to provide the most significant growth potentialMonday, October 18, 2010

The strongest real estate markets in recent times appear to be those in which controls have curbed excessive lending, speculative buying and instability, according to a recently released Ernst & Young/ FICCI report, “Realty decoded: Investing across borders”.

    Controlled markets such as India and China have resisted severe downturns, while lenient markets continue their struggle to maintain stability, the report adds.

    As the real estate sector emerges from its present turmoil, the Realty Decoded report explains, long-term investments are expected to provide the most significant growth potential. Market trends indicate that the approach to investment in real estate should be one that refrains from excessive speculation and is supported by improved stability and demand.

    As the world steadily emerges from the despondency of the global economic crisis, the global real estate market the world over is at an interesting crossroad, it adds. Tried and tested formats such as REITs are being introduced in China and India. Such developments reveal that investors are open to markets that may not be mature but offer opportunity backed by strong fundamentals.

    Speaking of the Indian market, Rajiv Sahni, Partner, Transaction Advisory Services, Ernst & Young Pvt Ltd points out that a "sensible series of launches for affordable homes and the progressing economic environment have triggered an improvement in buyer sentiments.

    "As such, 2009, ended on a fairly encouraging note for the Indian real estate sector," he states. "The recession arrived with a clear sign of caution for India, indicating that as long as the country continues to lean on global money, it cannot insulate itself from the global meltdown. If used judiciously, the capital available locally in India is not scarce giving the Indian real estate sector an opportunity to reduce dependence on foreign capital." According to Sahni, "the bane of Indian real estate has been the habit of over-leveraging."

    Transparent cash flow, and not the current asset strength of the developer, are the new assessment parameters. New instruments such as private placements, qualified institutional placements (QIPs), asset monetization, exits from non-core businesses, and debt restructuring were among the many channels that developers tapped. Some realtors also rebranded certain luxury projects at low prices. "These were, to an extent, wise and successful interim measures," Mr Sahni believes.

    Careful planning by the Government of India and the Reserve Bank of India (RBI) to control inflation, make finance available to actual users on reasonable terms, enforce accountability and create a climate that is conducive to transparency will be imperative to ensure that there is no tailspin from recent events and that India achieves its vision of affordable housing for all, the report states.

    Amit Mitra, Secretary General, Federation of Indian Chambers of Commerce and Industry (FICCI), adds: "Indian real estate is witnessing some vibrancy and upbeat market sentiments after the steep corrections during the Global Financial Crisis in 2008-09. Global economic performance is improving and so are the prospects of Indian businesses. Indian economy is expected to grow at a rate of 8-8.5% during FY 2010-11 to be largely driven by industrial and services sectors. The outlook of global investors towards Indian real estate investments is highly optimistic when compared with developed nations of the world due to their slow pace of recovery from global crisis and market saturation.

    "The policies of Government of India and the Reserve Bank of India (RBI) have been extremely helpful in triggering the recovery in the economy and that of Indian real estate, particularly the affordable housing segment. Indian real estate needs huge capital for investments in projects. Therefore, it is high time that we look at alternate sources of funding real estate projects."

    The E&Y/ FICCI report also states that accelerated progress, both socially and economically, needs an environment conducive to growth, which can be fostered by good real estate practices.

    "If India wishes to stay ahead in the economic race, there is a strong need to improve the regulatory environment to facilitate real estate development," the report adds.

Courtesy times property dtd 10/10/2010

For more information log on to http://www.zameen-zaidad.com

 


Permanent Link

In the last two decades the Nahate family has seen the changing face of Airoli and are perhaps best suited to recount the changeMonday, October 18, 2010

With Pune becoming a cosmopolitan city, attitudes towards home buying are being transformed. Pitru Paksha, the period when Hindus pay homage to their ancestors, has traditionally been considered inauspicious to buy property; now, this is changing.

    Manish Jain, Joint MD, Kumar Properties says, "Pune has become cosmopolitan now and there is no such holding back of buying decisions during Pitru Paksh. Quite a few people find it lucky to buy during this period. It is also the time to begin the festive period and developers come up with different offers. These offers do make an impact on buyers, as they become the first point of contact for projects but the final buying decision is based on other factors too. After all it's question of buying a home."

    Jayant Gehi, AVP, Business Development & Sales - Supreme Universal, says, "The scenario has changed substantially as earlier people even deferred looking at the properties during this period, whereas now people do come to see properties and even discuss details for finalisation. If they like the property, they request us to hold the same and confirm. However, they defer doing the actual transaction post Pitru Paksh as at times the elders in the house object. The younger generation generally is not so particular about this period however, since it is a big decision for the family they do not want to upset the elders. In fact we have a few such cases where the client has given us a token cheque requesting it to be deposited on the first day of Navratri as he does not want to miss the flat in case someone else books it."

    Sanjeev Wani, Director, Marketing, Amit Enterprises, says, "Though people do not seal the deal during this time, they utilise this time to select the location, make site visits, see sample flats and do all the confirmations. People with strong religious beliefs still do not buy in this period. But after Pitru Paksh with the festive period starting there is 100 per cent sale as people are done with their selection and ready with cheques."

    Currently considering the festive season approaching, developers too are coming forward with special offers. PRA Realty is offering free stamp duty and registration for all clients who book between a certain period. Manish Kaneria, Director Mont Vert Homes, "There is no set rule, people who want to buy, buy during any period.

    But in the Pitru Paksh period people do not commit buying. The period after this is full of activity as the festivals start and there is a good movement in the market. For the next two to three months we have good sales, there are lot of promotional offers and project launches giving a boost to sales."

    Developers are hoping that the coming festival season will generate interest among the buyers and this is the best time to zero-in on homes as along with the offers, there are chances of increase in the prices too.

Courtesy times property dtd 10/10/2010

For more information log on to http://www.zameen-zaidad.com


Permanent Link

The festival season, coupled with the Commonwealth Games, has given residential realty an adrenaline rush and end users are spoilt for choice.Tuesday, October 12, 2010

    Property market is likely to witness a surge in demand with the onset of festival season. To meet this demand, developers and builders have already planned a number of new projects, which are going to be launched in the National Capital Region, Delhi.

    The increased supply in the region is a good opportunity to end users to buy a house of their choice at a competitive price.

    The surge in demand is not only because of the start of the auspicious festival season, but also due to an improvement in the outlook of the economic growth in the country. As the economic prospects have improved in the last couple of months, hiring of fresh workforce has picked up. The infrastructure development due to the Commonwealth Games will add to the positive sentiment in the realty market.

    But, the demand will be price sensitive. Ashutosh Limaye, local director-strategic consulting, Jones Lang LaSalle (JLL) India, said that the demand for right-priced homes in affordable locations would remain steady, but there is also a noticeable slowdown in demand for overpriced areas and projects.

    The usual add-on incentives that developers offer during this period will not be much in evidence. Limaye said that builders are aware that their customers are focused on true value, and that it is location, pricing and appreciation potential that are now the primary criteria for Indian residential property buyers.

    Obviously, festival-oriented promotional activity will happen as always — but unrelated freebies will be at a minimum, he said. Given the market dynamics now, there will be a greater emphasis on friendlier financial structuring and actual rate discounts instead, he says.

    But the demand will witness a revival. In a report on real estate, research firm Edelweiss said, “The festival season is likely to see a number of launches from developers and volumes are likely to pick up on the back of robust demand in the region. After a muted July-September quarter in terms of new launches and project execution, we expect improved traction in the coming months on these fronts backed by a positive hiring outlook and salary hikes, which balance the impact of rising borrowing costs for home buyers.”

    The report said that volumes on a pan-India level declined marginally in August 2010, which “we believe can largely be attributable to limited inventory levels across markets coupled with limited new launches in the July-September quarter. Gurgaon volumes also slackened in July and August, which is mainly due to appreciation in prices and limited new launches.”

    However, Noida and Greater Noida markets remained an exception where the demand and supply continue to remain strong, since early 2009. This is mainly due to the launch of a number of affordable apartments. But the festival season will witness launches of a large number of new projects. Besides, a large number of townships and apartment projects are already underway in the areas. Developers like Jaypee, Amrapali, Gaursons, Supertech, Assotech, Nirala, Eldeco, Paras, ATS, among others, have already launched large projects in the area. In fact, in Greater Noida Sector 1-4, which is around 10km from Sector 18, Noida — the prime market in this area — around a dozen projects are already under construction.

    According to one estimate for the area, which is popularly known as Noida Extension, around 1,00,000 apartments will be developed in the next five years on an area of around 1,000 acre. The entire area will have a number of commercial and educational centres. Such a large number of projects has not only provided humongous options to the home buyers to choose from but also has kept price rise in the region under check.

    In fact, in this market one can buy a twobedroom apartment for Rs 14 lakh and a three-bedroom one for Rs 18 lakh. The Noida and Greter Noida real estate markets are providing true value for money. Besides this, there are a large number of projects that are coming up in other parts of the NCR including Kundli, Faridabad, Manesar, among others. In Manesar, DLF is likely to launch a number of projects this Oct-Dec.

    Commonwealth Games in Delhi has acted as a blessing to the realty sector in the NCR, says Anuj Puri, chairman and country head, JLL. "Due to the games, connectivity to areas like Noida, Greater Noida, Gurgaon, Manesar and Faridabad has improved considerably. The execution of Metro projects, construction of flyovers and widening of roads has reduced the travel time to these areas from Central and South Delhi considerably. East Delhi, in particular, has benefited the most due to the development of the games village in the area. He also said that the whole Commonwealth Games story has all the ingredients of a major real estate market upgrade. The vastly improved connectivity and quality of residential projects have transformed East Delhi, bringing about extremely robust demand that is predominantly end user driven.

    Talking about the games village itself, he says, it is a very contemporary development - the residential properties have every amenity and feature that spell gold in real estate terms thrown in. "It is a signature development that represents absolutely prime location if we consider the accessibility to the CBD and Noida," he says. By virtue of these factors, East Delhi has achieved premium positioning on the Delhi real estate market - and since it is a standalone development located right next to the landmark Akshardham temple, it enjoys locational privileges as well, he adds.

Courtesy:- times property dtd: 09/10/2010


Permanent Link

Jaypee Greens has established a formidable reputation, for creating golf-centric luxury residential townships in Noida and Greater Noida.Friday, October 8, 2010

Jaypee Greens is the real estate arm of the Jaypee Group, a wall diversified infrastructure and conglomerate, with an annual turnover of Rs 14,000 crore. This realty firm has been creating lifestyle experiences from building golf-centric premium residences to building mega townships and self sustained mega cities.

Among the major projects of Jaypee Greens are Jaypee Greens. Greater Noida. Jaypee Greens Wish Town,Noida. With the latest venture of Jaypee Greens being the Sports City over 25,00 acre and comprising the much awaited and India’s first Formula Once racing track (the first Indian Grand Prix slated to be completed in 2011 ).

Acknowledging its contribution towards construction of high quality luxury developments with world class amenities and infrastructure, Jaypee Greens has received several national and international awards and honours including:

Best Urban Development Project GIREM award at Goa on September 24,2010. Global initiative for Restructuring Environment and Management (GIREM) leadership awards acknowledge individuals and corporate entities in Indian realty and infrastructural sector for leadership, innovation and international best practices and give away 13 annual GIREM awards, Jaypee Greens got this for “environmentally” practices in their large scale integrated townships.

Bloomberg Asia Pacific Property Awards, 2010: A prestigious international award for excellence by realty firms in all sectors of property and real estate a) Best Golf Course, India: Jaypee Greens, Greater Noida b) Best Apartment: Sea  Court at Jaypee Greens, Greater Noida c) Best, Development India: Estate Homes at Jaypee Greens, Greater Noida d) Best Development, India: Kallisto Town Home, Jaypee Greens, Wish Town, Noida e) Best Mixed Use Development, India Jaypee Greens, Sports City.

Realty Plus Excellence Award: Best Upcoming Integrated Township award for Jaypee Greens, Noida. Realty Plus awards recognize the contribution of individuals, developers, among other, who play a key role in the growth of Indian real estate sector.

Overseas Living Luxury Lifestyle Award, UK: Best Lifestyle Development 2010, India to Jaypee Greens. These awards are given for excellence and innovation in the realty sector and allied services in the travel industry.

Rajiv Gandhi Excellence Award for Best Integrated Township of the Year Award. This award is to identity and honour professionals who marvels in real estate industry.

Rita V Dixit, director of Jaypee Group, says: “The Jaypee Group has created landmarks through its engineering power and construction industries.”

“Since its inception in 2000, Jaypee Greens has been creating lifestyle experience from building golf-centric premium residences to building mega townships. We have already established our name through landmark luxury real estate developments.”

“The customer base of our products and the awards we have received are a testimony to our quality and commitment to our customers. Now the endeavor and commitment is to create and develop sustainable and environmental friendly cities.”

Courtesy:- Times Property 02-10-2010

For more information about real estate, residential and commercial property, homes, houses, flats, apartments, villas for buy, sale, rent and purchase log on to :- http://www.zameen-zaidaa.com, and http://www.propertycafeteria.com   


Permanent Link

GURGAON REALTY TOPS CHARTS IN NCRTuesday, September 28, 2010

From prime posh locations of Delhi like Vasant Vihar to the prestigious Golf Course road in Gurgaon, prices of housing options across the years have witnessed significant escalations.

Micro markets like Vasant Vihar have always been preferred destination for those seeking a posh address, combined with the benefits of a central location. Many residents of this colony are drawn to its accessibility, peaceful ambience and proximity to schools, hospitals and commercial centres. The evolution of Gurgaon and Noida as prominent residential destinations was historically driven by the commercial development, which fed the residential sector in these micro markets. The proximity of these markets to Delhi, coupled with the rising real estate prices in Delhi, drove the residential demand in these markets to a point that, today, these markets boast of posh and prestigious residential options that are being preferred over even those in Delhi, eliciting comparisons with the best in the national capital.
 The table above captures the price trends as they evolved since 2003 to the current period, which perhaps was significant for the low housing prices that prevailed across the markets.

Vasant Vihar
Vasant Vihar continues to be preferred location for both high-end buyers and investors. Interestingly, independent floors priced at Rs 6,000 per sq ft in the year 2003 are commanding Rs 40,000 per sq ft today. Plots that were quoted at Rs 1,00,000 per sq yard in 2003 are now going for Rs 7,00,000 per sq yard. It is also important to note that these prices till 2006 had only risen marginally and have witnessed the maximum rise in the last four years. Thus, the prices have risen by seven times in the last seven years!

Noida
In contrast, Noida has doubled in apartment pricing since 2003. Noida is the only exception to the rule where the prices were higher in the year 2006 and have fallen marginally since then. The reasons that can be attributed to this negative movement in pricing are:

Residential oversupply
Low commercial development compared to Gurgaon
Perception of poor law and order
 Significant distance from the Delhi airport
However, to give the market its due, overall,
the residential market in Noida has doubled in appreciation for investors since 2003.

Gurgaon
The most interesting market on display is Gurgaon, which has given the maximum returns to its investors today and continues to be a very promising destination. If we evaluate the trend in the market since 2003, we see that the ultra-luxury apartment pricing has gone up by 10 times. Plotted development has seen a rise in pricing by 12 times. Plots that were priced at Rs 11,000 per sq yard in 2003 are Rs 1,30,000 per sq yard today. Thus, Gurgaon as a market has given the maximum return on investment to its stakeholders.

Courtesy by : Times Property Dtd: August 21, 2010


for more information log on to http://www.zameen-zaidad.com

 


Permanent Link

BUY NOW, BUY FARFriday, September 24, 2010

It is better to buy a first house in any new upcoming area where it is available within your affordable range rather than postponing the decision to buy one in a choice location if it is beyond your means

Buying a house is one of the most important decisions one takes in his life. It is not only about the finances but also about the selection of a suitable property, which is important to make you feel good about your decision — after all, you are going to live with it (the decision) for a long time, if not for the rest of your life (in the house).

But many a times, it has been found that the property you have selected to buy is beyond your means. And the property, you can afford, you feel, is not suitable for you. This make you put off the plan for some other time.
 However, even after a few years, when your income has increased substantially, you find yourself in a similar dilemma. What is even more frustrating is that the property that was affordable a few years ago but was found not suitable at that time has appreciated substantially to become unaffordable now.

You may discover that connectivity and social and physical infrastructure of the area in which you were not interested to buy a house a few years back have improved beyond recognition. But, unfortunately, the prices of real estate in that area would also have almost trebled in the same period. What is intriguing is that prices of houses in the areas which were in the central part of the city have not appreciated that fast. But still, they remained beyond your reach.

For example a few years ago — in 2004 for instance — the price of a three bedroom apartment in East Delhi localities like Mayur Vihar, Patparganj and Vasundhara Enclave was at around Rs 20 lakh. The price of a similar apartment in South Delhi at that time was around Rs 50 lakh. But today, the prices of apartments in East Delhi have gone up by six times and command nearly Rs 1.25 crore. At the same time, the appreciation in prices of apartments in South Delhi is not that steep. In fact, today, the prices are in the same range in both the localities. Now, what should a prospective ‘undecided’ buyer do?

Going by past evidence, it has been found that appreciation in the prices of recently developed real estate on the outskirts of a city is much faster than those in the central part. In the NCR also, property prices in Gurgaon, Noida, Indirapuram and Vaishali appreciated much faster in the last five years, than those in the central part. Now the prices in central parts of Noida and Gurgaon, which are closer to Delhi, have gone beyond the reach of the average middle class. In these areas, apartments are commanding prices of around Rs 6,000 per square feet. The sale price of a 3-bedroom apartment is over Rs 1 crore.

But, the good news for the average middle-class buyer is that a number of new projects have been announced in the affordable price range of Rs 15 lakh to Rs 40 lakh. A large number of apartments and independent houses are being developed in areas like Noida Extension (Greater Noida, Sector 1-4), Noida-Greater Noida Expressway, Greater Noida, Gurgaon Phase V, Sohna Road, Manesar, Daruhera, Faridabad-Nahar Paar area, Kundli and Sonipat, among others.

As the NCR has witnessed a spurt in infrastructure development, connectivity to these areas is likely to improve. It has been found that the local authorities are keen to bring in the Metro rail connectivity to these areas. There are reports that the authorities of Greater Noida, Ghaziabad, Meerut and Faridabad have been in discussion with the DMRC to take the Metro train service to their respective cities. Besides this, the NHAI is also working out a plan to widen existing national highways. This will be a great relief to most of the new developments, which are coming up on the outskirts of the NCR as this will reduce the travel time to the central part of the city.

Besides this, as many of developers are coming up with townships on large land parcels of over 100 acre, the provisions for social infrastructures like schools, hospitals, and local markets are also factored in. Not only this, most of the new development hubs which are underway on the outskirts of the NCR are also developing commercial properties like IT parks, hospitals, hotels and office space so that a large number of residents of the area could find employment there itself. Some areas like Kundli and Greater Noida have a number of educational institutions including engineering colleges, medical colleges and vocational centers coming up in their locality.

Many of these areas will change beyond recognition after a couple of years. Therefore, if you want to buy a house but are undecided, take a decision on the basis of the property's future projection. However, you must be very conservative while doing so. Don't take all the promises and projections at their face value. If an apartment is quoting at a price of Rs 3,000 per sq feet at a certain distance from the central part of a city, you can consider buying a house in a new upcoming hub at a similar distance at around Rs 2,000 per sq feet. After you get the possession in three-four years’ time from the date of your purchase, if you still want to buy a property in another area, you can sell this property with some capital gains. This, in fact, will help you in buying the new house. If it is your first house, you will not have to pay any tax as you are using the money to buy another house to live.

Therefore, it is better to buy a first house in any new upcoming area where it is available within your affordable range. As you can't shift to these houses immediately, you must make a provision for paying rent for three years. For this, you can also choose construction-linked payment. In this, your EMI will increase as the bank will release funds to developer on the basis of the completion of construction. This will save you from the payment of EMI and rents simultaneously to a great extent.

QUICK BITES
GOING BY PAST EVIDENCE, IT HAS BEEN FOUND THAT APPRECIATION IN THE PRICES OF RECENTLY DEVELOPED REAL ESTATE ON THE OUTSKIRTS OF A CITY IS MUCH FASTER THAN THOSE IN THE CENTRAL PART OF THE CITY

Courtesy by Times Property Dtd : August 21, 2010

For more information about real estate, property, residential property, realty firm, commercial property, commercial real estate, real estate developers log on to http://www.zameen-zaidad.com

 


Permanent Link

Anthem Infrastructure Pvt. Ltd. launches a new residential apartment project at Noida ExtensionThursday, September 9, 2010

Anthem Infrastructure Pvt. Ltd. launches a new residential apartment project in noida extension. The project is named as French Apartments. This project comes with 2BHK and 3BHK and 4BHK residential apartments with all the luxurious facilities for a common man at a very reasonable cost. This project comes with a various types of residential apartments in their projects-

1-      TYPE 1  – 2BHK+2 Toilet

2-      TYPE 2 – 2BHK+2 Toilet + Study

3-      TYPE 3 – 3BHK+2 Toilet + Store

4-       TYPE 4 – 3BHK+4 Toilet + Study

5-      TYPE 5 – 4BHK+5 Toilet + Servant + Dressing

This project offers the finest accommodation options and facilities that make living a pleasurable experience.

Those peoples who want to be a part of this project for that “Anthem Infrastructure Pvt. Ltd.” provide payment plan for their project. On booking you have to pay 10% of the amount. Here are some details of preferred location charges.

1-      Park/Pool Facing – Rs. 50/- sq. ft.

2-      Corner Facing – Rs. 25/- sq. ft.

3-      Lease Rent – Rs. 60/- sq. ft.

4-      Open Car Parking – Rs. 100000

5-      Power Backup – Rs. 15000

There are various features available with this residential apartment project like, two sides open corner plots, Grand Eiffel Entrance, Wi-Fi Network, Efficient Utilization of the space, 24*7 Security and many more.

At the time of payment the cheque/bank draft is made in the name of “ANTHEM INFRASTRUCTURE PRIVATE LIMITED” payable at Delhi only. If you want to contact agent then you have to contact “Shri Aditya Estates”, contact number is 47082734 and 9810445860. The route map is also mentioned in our site. If you want more details regarding the price sole and this project then just visit our site www.zameen-zaidad.com you have any query regarding this project then feel free to contact us at info@zameen-zaidad.com.

 

 


Permanent Link

Amrapali Group Launch a new project on independent floor at Greater Noida.Thursday, September 9, 2010

Amrapali Group launches a new project named as “Amrapali Centurian Park”. They provide you the facility of “Independent Floors”. This project is located at Greater Noida. Their project provides three types of “Independent Floors”. They are-

v  Type – 1 contain 2BHK+2Toilets with area (approx) 1055 sq.ft.

v  Type – 2 contain 3BHK+3 Toilets with area (approx) 1535 sq.ft. 

v  Type - 3 contains 3BHK+3 Toilets +Servant with area (approx) 1675 sq.ft.  

Those peoples who want to be a part of this project for those peoples “Amrapali Group” provide two types of payment plan-

v  CLP Plan – On booking you have to pay 10% of the amount. With in 30 days from booking 10%.

v  Flexi Payment Plan - On booking you has to pay 10% of the amount. With in 45 days from booking 30%.

Amrapali Group offered luxury low rise independent floors in Noida Extension. Amrapali Centurian Park spared over 75 acres of land area. Amrapali Centurian Park is one of the prime projects of Amrapali group.

There are various facilities available with this project like Swimming Pool and Kids Pool, Jogging track, Club with Gym, Wide road facility and many more.

The cost price also include other facilities like lease rent, PLC for park facing, PLC for road facing etc. The person has to make payment by demand draft / Cheque to be drawn in favour of “Amrapali Centurian Park Pvt. Ltd.” The exact super area of “Independent Floors” shall be calculated at the time of possession of property as constructed. Increases / Decreased area shall be charges proportionately as per the sale price. The other terms and conditions shall be considered as per the Application Form, Standard Terms and Conditions of the company.   

If you want to contact agent then you have to contact “Shri Aditya Estates”, contact number is 47082734 and 9810445860. The route map is also mentioned in our site. If you want more details regarding the price sole and this project then just visit our site www.zameen-zaidad.com or if you have any query regarding this project then feel free to contact us at info@zameen-zaidad.com.

 


Permanent Link

Prateek Buildtech India Ltd. comes with their new project based on Residential Apartments at NoidaWednesday, September 1, 2010

Prateek Buildtech India Pvt. Ltd. is a real estate organization which offer their new projects named as “Prateek Laurel” based on “Residential Apartments at Sector -120, Noida. Their project includes total 6 types of Residential Apartments which include 4BR+5 Toilet+ Study+ Dress, 3BR+4 Toilet+ Study+ Store Dress, 3BR+ 3Toilet+ Store, 3BR+ 2Toilet+ Store, 2BR+ 2Toilet+ Store and 2BR + 2Toilet residential apartments with all the luxurious facilities. They provide various facilities in their apartment’s like-

1-      Cycling/Jogging Track.

2-      Yoga Centre.

3-      Three Side Open Plot.

4-      Landscape Garden.

5-      Lawn Tennis.

6-      Basket Ball Court.

A home is something that is close to your heart while it’s an added advantage if it’s closer to nature as well. Keeping the same through alive, Prateek Realtors have planned apartments that are within the greens under the name “PRATEEK LAUREL”. These residential apartments are a great combination of Luxury, location and landscape. Laurel offers 2/3/4 bedroom luxury apartments that uplift your mood with its composed surrounding. All this makes homes at Laurel a must buy as they bring you closer to the nature and your loved ones too. A single person can’t imagine all the facilities under one roof. If people want to book any apartment then the booking is done on the basis of square feet area. At the time of booking the person has to pay 10% of the total amount. There are two types of payment plans available with their project-

1-      DOWN PAYMENT PLAN

2-      SPECIAL PACKAGE PLAN

There are some other Features included in this “Residential Apartment” Project like 5-7 minutes drive from metro station, 5-7 minute drive from Fortis hospital and many more facilities.

If you want to contact agent then you have to contact “Shri Aditya Estates”, contact number is 47082734 and 9810445860. The price and terms mentioned in this article are indictive with a view to acquaint the applicant and not exhaustive.

The route map is also mentioned in our site. If you want more details regarding the price sole and this project then just visit our site www.zameen-zaidad.com or if you have any query regarding this project then feel free to contact us at info@zameen-zaidad.com. Now, there is no need to sacrifice city life and settle down in far flung area just for the sake of buying a “Residential Apartment” in your budget. So, get ready to fulfill all your dreams with “Prateek Laurel” and book your apartment now.

 


Permanent Link

2/3 bedroom spacious apartments finest homes in Noida ExtensionMonday, June 7, 2010

 JNC Group launches another prestigious project under the name THE PARK – habitat for the nature lovers. The homes here offer 2/3 bedroom spacious apartments that are luxurious yet economical. Being situated at Noida Extension, it promises to be the most sought after destination of Greater Noida. So, come and book your home today!

·         80% of open space & greens

·         Over 1 lac sq. ft. of central landscape

·         Club with all modern facilities

·         Children’s play are with swings and skating rink

·         Basket ball practice court

·         Table tennis & pool table

·         Amphitheater

·         3 tier security

·         High end club with swimming pool & cafeteria

·         Sauna, Steam & Jacuzzi bath

·         Meditation & Spa

·         Banquate hall with guest room facility

·         Wi-fi enabled campus and lots more

Courtesy Times Property dtd May 29, 2010

For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in Noida, property for sale in Noida, apartments for sale in Noida, flats for sale in Noida  homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in Noida, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com

 

 


Permanent Link

Go for a home away from homeTuesday, June 1, 2010

People are investing in homes which are bigger and better in every way than their existing homes. A second home which can be an investment with a long-term end user perspective?

There were times when money flowing into real estate was purely for the sake of investment – people used to park money in affordable properties, say  a 10x 10 sq ft commercial space in an upcoming district centre or a development authority flat, a DDA studio/ 2 BHK, only and just, with an idea to encase that asset in due course – rarely to use or live in. Typically, people would invest in projects, the terms being as short as one year, then exit with minimum profits and plough back this profit into some other lucrative projects or some would stay invested for maximum gains. Many others would look at these investments as ones yielding rental returns in their sunset years.

Today, with increased risk associated with real estate investment plus changing values, people want to invest in ‘bigger and plusher homes’ for self use; so, investment it is but with a long-term end-user perspective. Today’s upwardly-mobile class has started investing in residential real estate where they can stay, say five to seven years down the line. Obviously, the second homes are way more expensive, and offer things which these people are missing in their first homes. This, then, is clearly a sign of rising expectations, aspirational living and greater affordability – some or all these factors coming into play.

Abhishek Mehta bought his first home in Dwarka in 2005 for Rs 30 lakh and last year, bought a bigger flat for Rs 1 crore in Dwarka itself. He says that “when I bought my flat for Rs 30 lakh in 2005, I think I had done a great job for a first home. We were just a young couple, newly married and with my wife’s and mine previous saving we could manage a decent property for ourselves. But with time, bigger flats were getting constructed, some of them centrally air conditioned, some over 2,000 sq ft built-up area and I felt we were ready to invest in a ‘lifestyle accommodation’, which would initially fetch good rental income and later be a self use property.”

As for the methodology of its financing, he says: “Affordability has not increased was over, so I had some flexibility to get take another mortgage. I cleared out my PF and other savings for the down payment and the balance was financed by a bank.”

But he was only keen on a ready to-move-in property not because there was hurry to shift in but more because past experience has shown that unexpected in new projects have held up delivers for years resulting in problems for investors. “I explored a few properties in Gurgaon and Noida but preferred Dwarka as i was more confident on investing here compared to NCR,” says Mehta. Talking about his immediate plans for the new flat, he says: “I had a plan to lease out the flat to the organized sector and this required some minimum criteria be met (3 BHK + 2 car parking’s, etc), which come at a minimum base price in Dwarka. However, I have a longer-term view on this investment and will shift there in the medium to-long term.”

Rajeev Kumar, a senior executive at a multinational company, had his own property, a Noida authority flat, but his new investment is in 3Cs in Sector 100 in Noida. He invested in a second home “mainly for better facilities – club, swimming pool, market, good power back up, etc”. According to him, “The first house was built by the Noida authority, where carpet area is good but does not have lifestyle amenities.” So, what drew him to invest in a far more expensive property; has the affordability increased, or is it as well as affordability. He financed this mainly through a loan with about 25% of personal contribution. “I have taken the house for living. Move-in-property was definitely important. However, the premium for a similar type of move-in-house is quite high.” Hence, he choose a property under construction.

Consultants say some projects score over others in quality and timely delivery. According to S C Jaisimha, MD of AsiaPac International India,” As far as Noida is concerned, there are innumerable projects which have been launched in the last 6-9 months. The two main corridors which are in news are the projects on the Noida Expressway (Sectors 100, 107, 108, 110, 137 and the Jaypee township) while the other one comprises Sectors 75, 76, 78, 119, 121.

Any development has to be looked at from many perspectives like location, deliverability of the project, builder credibility, past experience of the developer, specification, time frame, etc. “Considering all these factors from an investment perspective, we would suggest projects like 3C Lotus Boulevard in Sector 100, Lotus Panache in Sector 110 Eldeco Sharanam in Sector, Paras Tierea & Logix Blossom County in Sector 137, on the Noida Expressway corridor. In the other corridor, we would recommend Mahagun Moderna in Sector 78, Prateek Laurel in Sector 120.”

Jaisimha adds that the competition in the market has sparked off a price war. Subsequent to the increase in the FSI (floor space index), especially in Noida, the pricing has come down to realistic levels, which everyone was looking forward to. Today, a two bedroom flat with all modern amenities and good specification is available in the range of Rs 30 lakh to Rs 35 lakh. So, a good quality accommodation with lifestyle amenities is now available at various price points.

Aman Bansal stays in a bungalow in West Delhi and works as director (Business Development) in an IT company in Gurgaon. Recently, he invested in DLF Belaire, as he wanted lifestyle amenities in his apartment. He says, “In summers, especially when there is a tremendous shortfall in the supply of power and water across Delhi, these apartments score over independent bungalows as they have 100% power backup. Moreover, maintenance is leased out to independent agencies, which makes a world of difference in the overall maintenance of the building, its utilities, etc.”

Yeh dil mange more…that seems to be the mantra for the New  Age buyer, who is certainly not averse to change and looks at upgrading the standards of his or her living and place of living, in tandem with affordability and aspirations. Home is not for keeps any more, it seems!

Today, with increased risk associated with real estate investment plus changing values, people want to invest in ‘bigger and plusher homes’ for self use

The New Age buyer is not averse to change and looks at upgrading the standards of his or her living and place of living, in tandem with affordability and aspirations

Courtesy:- ET REALTY  dtd May 29, 2010

For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi  homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/

And http://www.propertycafeteria.com

Author

Hi I am Ravi Chauhan I am working in (Bhardwaj Buildtech Pvt Ltd) Company in Delh

To Visit for more information http://www.zameen-zaidad.com &  http://www.propertycafeteria.com/main.aspx

 


Permanent Link

Joseph Allen Stein adopted India and designed some of the finest buildings in the national capital including the IIC, the India Habitat Centre and the Triveni Kala Sangam.Wednesday, May 19, 2010


In a country where politicians, irrespective of their standing or ideology, always look for an opportunity to give new names to areas, roads, parks and building to please their political masters, it is surely asking for the moon to honour a great architect and have a road named after him. Lodhi Road is one such landmark, which should be renamed as Stein Road, for the sheer mind-blowing work this American-born architect with heart of an Indian rendered here.
Unlike the greats like Lutyens, Herbert Baker, Le Corbusier and others, Joseph Allen Stein decided to adopt India and designed some of the finest buildings during his close to half-century stay in India. He created landmarks buildings like the India International Centre (IIC), the American International School, the Unicef building, the India Habitat Centre (IHC), the Ford Foundation, UNESCO, WWF, Peace Memorial, Triveni Kala Sangam and a host of other buildings in various parts of the capital.
Considering his outstanding body of work in Lodhi Road area alone, it can safely be renamed as Stein Road. In fact, a small stretch, in and around Lodi Garden, contains seven major buildings that were designed by Stein. Rajeev Shukla, a journalist turned politician, candidly admits that before moving to his present home in Lodhi Estate a couple of years ago, he did not know much about the genius of Stein. He strongly feels that the concerned authorities must see to it that some road in Lodhi Road area is named after him so that people should know about him.
Stein was a master of building materials and in almost all his buildings left the construction materials exposed, says J K Jain, who worked with him for many years, adding that there is a lot to learn from what Stein has left behind. "He went into the minutest details. He never imposed his ideas on his juniors and other colleagues. He was a pioneer of architecture who amalgamated Indian urbanization with landscapes and natural forms."
Even before his demise in 2001, he used to inspect IIC and Triveni Kala Sangam for faults.
Stein believed in using building materials in their original form. He never covered stone with plaster. When stones were not available for the India Habitat Centre, he went to the kilns to order Lakhori bricks and Mughal bricks. Stein integrated landscapes into his structures for IIC — he took inspiration from the Lodhi Gardens next door and gave the building an inner and an outer courtyard. Stein was a contemporary architect who was interested in local culture, conditions and climate.
Stein arrived in India in1952 to head the architecture and planning department at the Bengal Engineering College in Kolkata. He made his presence felt in a big way after he designed Triveni Kala Sangam arts complex and the IIC.
Noted artist, Ram Rahman, says in one of his essays on Stein, "He and my father, Habib Rahman [equally noted architect], became friends during their Calcutta days. Both of them moved to Delhi in the 1950s. Here, Stein set up his private practice and my father joined the central public works department. Here, both would spend every weekend exploring every ruin and village. This was a living discovery of the great Sultanate architecture of Delhi, in the days when all the sites were still near little villages surrounded by blazing yellow and mustard fields in winter. Both developed a fascination for the traditions of Delhi building and its effect on Stein could not be clearer than in the India International Centre (IIC)."
The surfaces and materials Stein used for IIC were local stone, cast concrete jalis, blue and green ceramic tiles as highlights — an updating of the Sultanate architecture of Delhi — which Stein had learned to love and admire through his weekly exploration.
"I feel that Stein was among the first architects in India to introduce jalis in buildings in a big way. He used jalis in IIC and Triveni. And take the example of roof of the auditorium of IIC. It is absolutely unique. It is composed of pre-cast-shaped elements. Y-shaped pieces carry the outer layer, provides space for the distribution of lighting and aircondition," says Sunil Jindal, CEO of SVP developers and a keen observer of architecture.
Stein was in full flow when he was designing IIC and Triveni. Here he was given complete freedom to practice his philosophy of integrating built-form with landscape as a total environmental concept.
India Habitat Centre was Stein's last and perhaps the best work. Every part of the building speaks a different language. One can enjoy different moods at different places. The environment in the courtyard gives a feel of freshness. Stein planned the building in such a manner as to have a clean look. And IHC stands out in energy efficiency.
The interesting blue sunshade provided between the two buildings in the court helps to maintain the environment and gives a cool effect. The trees also help to maintain the environment and give a natural effect. Trees are planted at every part of the court. Fountains make the environment cooler and give an effect of lightness. Stein planned the building in such a way as to ensure that a maximum part of the floor enjoys sunlight.
He also planned to give sunlight in basement through very interesting ways. Luckily this gigantic building has one hall in the name of that legend.

Courtesy: times property dtd:-15/05/ 2010

For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi  homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/

And http://www.propertycafeteria.com

 


Permanent Link

American researchers claim to have found a simple way to cool cities - by painting the roofs of buildings whiteMonday, May 17, 2010


While world leaders are struggling to tackle global warming, American researchers claim to have found a simple way to cool cities - by painting the roofs of buildings white.

According to a Science Daily report, the research demonstrates that white roofs can be an effective method for reducing urban heat. It has the potential to significantly cool cities and mitigate some impacts of global warming. The research team found that if every roof across the world were entirely painted white, the 'urban heat island' effect could be reduced by 33%. This would cool the world's cities by an average of about 0.7 degree fahrenheit, with the cooling influence particularly pronounced during the day, especially in summer.

Asphalt roads, tar roofs and other artificial surfaces absorb heat from the sun, creating an urban heat island effect that can raise temperatures, on average by 2 to 5 degree fahrenheit (about 1 to 3 degree celsius) or more compared to rural areas.

In the study, the team used a newly developed computer model which provided scientists with an idealized view of different types of cities around the world, the report says. However, the team cautioned that there are still many hurdles between the concept and actual use of white roofs to counteract rising temperatures.

Cities are particularly vulnerable to climate change because they are warmer than outlying rural areas, the study says. White roofs would reflect some of that heat back into space and cool temperatures, much as wearing a white shirt on a sunny day can be cooler than wearing a dark shirt, it adds.

The authors emphasize that their research should be viewed as a hypothetical look at typical city landscapes rather than the actual rooftops of any one city.

In the real world, the cooling impact might be somewhat less because dust and weathering would cause the white paint to darken over time and parts of roofs would remain unpainted because of openings such as heating and cooling vents. In addition, white roofs would have the effect of cooling temperatures within buildings. As a result, depending on the local climate, the amount of energy used for space heating and airconditioning could change and help reduce climate change.

Courtesy ET Realty dtd.14-05-2010

For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi  homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/

And http://www.propertycafeteria.com


Permanent Link

Managing Home Loans EMI paymentsTuesday, May 11, 2010

Many borrowers who opt for the floating rate of interest face financial stress whenever the rates move upwards. An increase in the interest rate translates into an increase in the EMIs. If the homeowner is under financial stress, home loan repayments become a nightmare. This is because EMIs are as high as 40 percent of a borrower’s take home income on an average.

Here are a few tips to manage EMIs effectively.

Prepay

Partial prepayment could reduce the high interest cost on that part of the loan. If you have any other asset or property that is not yielding anticipated returns, the option to sell it off and prepay the home loan exists. However, foreclosing a loan ahead of the tenure might attract a prepayment penalty of around two percent. If borrowers fear defaulting under the burden of increasing rates, prepaying is an option worth considering.

Negotiate

The borrower can try convincing the lender about his financial crunch and negotiate for a lower rate. You can work out a more comfortable repayment option with the lender.

Switch

If another lender offers very low rates compared to what you are paying towards your home loan, consider moving to the other lender. Home loan is a financial commitment that spans over long tenures, say 10-15 years. Weigh in the switching cost and penalties. Do your homework on the new lender. There is little the borrower can do if the new lender hikes the rate within two months of switching.

Manage finances

Chalk out a plan to manage your existing debts, regular monthly expenses and contingencies. Do not indulge in new purchase plans. Spend judiciously and avoid splurging till you are out of debt.

Courtesy:- financial times dtd.09-may-2010

For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi  homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/

And http://www.propertycafeteria.com

Author

Hi I am Ravi Chauhan I am working in (Bhardwaj Buildtech Pvt Ltd) Company in Delh

To Visit for more information http://www.zameen-zaidad.com & http://www.propertycafeteria.com/main.aspx

 

 


Permanent Link

South Mumbai 4th most expensive office marketTuesday, May 11, 2010

Global office rents survey lists London’s West End at the top

The rupee’s rise against the dollar and pick-up in office leasing transactions in its central business district, Nariman Point, have propelled the country’s commercial capital, Mumbai, to fourth-most expensive office rent market in the world, a new study shows.

When the last such study was conducted, in December 2009, Mumbai was the seventh most expensive market.

According to the study released today, office occupancy costs measured in dollars are affected by changes in the dollar’s value versus the local currency. Hence, office occupancy costs when converted into dollars are driven by both the local market dynamics of supply and demand, as well as currency changes.

“We have found that currency fluctuations play a big role with regard to where markets rank in the top 10 for office costs.” said Raymond Torto, global chief economist, CBRE.

While Mumbai has an average rent of $125.76 (Rs 5,785) per sq ft per annum, London’s West End, highest on the list, has $182.94(Rs 8,415) per sq ft per annum, according to the ‘Global Office Rents Survey’ by international property consultant CB Richard Ellis.

“Though activity has picked up in Mumbai CBD in the last four-five months, the primary reason for this jump is the rupee strengthening,” says Anshuman Magazine, chairman and managing director of CB Richard Ellis, South Asia.

The office property market was hit hard during the slow-down in 2009, as demand slowed from corporate and financial institutions and rents dwindled by up to 50 per cent.

In the current study, Delhi dropped to 11th place from 10th earlier, as Brazil’s Sao Paulo pipped the Indian capital to reach the top 10.

However, despite the jump in positions, rents may not move faster. “There is a lot of supply outside CBDs of Mumbai and Delhi and, therefore, rents will remain flat or stable in the medium term,” Magzine adds.

On a year-over-year basis, the study found global occupancy costs were reaching a trough, with markets seeing a collective drop of 4.6 per cent, world over.

A majority of the markets, 133 of them, had shown a decline, while 33 posted double-digit decline in occupancy costs. Only 53 showed increase in costs. The study was conducted on 176 cities.

“While economic data reflects improvements year-over-year, the commercial real estate market lags the economy and our occupancy costs,” added Torto.

Latin America, led by Brazil, was the only region to show an increase in occupancy casts, the study says.

Courtesy:- BS. dtd.09-may-2010

For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi  homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/

And http://www.propertycafeteria.com

Author

Hi I am Ravi Chauhan I am working in (Bhardwaj Buildtech Pvt Ltd) Company in Delh

To Visit for more information http://www.zameen-zaidad.com & http://www.propertycafeteria.com/main.aspx

 


Permanent Link

Art in the eye of the beholderThursday, April 8, 2010


We collect art; we
buy real estate; but is there common ground for the two to meet? On the face of it, they are not mutually exclusive, for any art needs real estate to give it context. But is their value calculated when conjoined, or separately? And how does it engage buyers investing in a residential real-estate project in Gurgaon that promises to rewrite the rules of town planning within our urban ghettos? At the centre of this premise is the promoter’s decision to engage an artist who promises to add “soul” to the project —at best, a notional quality, not something to which you can put value to. While art in the development might be easier to put a price on, for its buyers, is it too not merely notional? At the heart of this debate is the question of how to put value to art that is both part of a development project as well as bespoke, something tailored and built into a few designated villas or penthouses. It has a price point when commissioned, but does it impact resale value? Will escalations in real estate keep in mind the rise in the value of an artist’s contribution? Will there be a separate and additional value for the artworks? It appears, so far, not.

When the Glaxo building in Mumbai was sold, no one considered the value of the Krishen Khanna painting in the foyer, which was later dumped in a store by the caretaker, where it lay abandoned for years. When afire destroyed a part of Vigyan Bhawan in New Delhi, a sculpture commissioned by Amarnath Sehgal met with similar fate, and the artist had to wage a bitter battle to have it restored in the public domain. Do hotels, which often invest their properties with larger tranches of art, view it separately when selling or merging with another chain? Does it have any negotiable value given the new promoters may want to change the look — and art — they wish to showcase as part of the newer experience? Did the MF Husain ceiling at the Kanishka even enter the picture when the ITDC hotel in the capital was disinvested to become the glitzy Shangrila? (Husain had loaned these works to the hotel, and simply withdrew them when it did not exercise the option of buying them.) Have the Taj and ITC hotels undertaken any exercise to put a value to their art collections? The ambitious M3M group which has announced the Ramesh Khosla-designed, Basant Bansal-promoted 70-acre Golf Estate township with art inputs by artist Satish Gupta, raises these very issues. Satish Gupta’s work devolves around the concept of the five elements and is imbued with a deep spirituality. He has bridged the gap between painting and sculpture, textiles and landscaping in his own studio, to recreate a lifestyle that treats nature with respect.

The challenge now is to provide the same value to a large township, and to customise at least some of the properties with elements of art that will enhance the value of the homes, but also not dominate the space for buyers who may have their own ideas about the art concepts with which they wish to surround themselves.

Golf Estate will have a builtup value of Rs 15,000 per sq ft (which makes the introductory offer of Rs 6,100 a sq ft hugely attractive), but what is one to make of the value of Satish Gupta to the project’s resale value and escalation over time — and can one divorce the value of art and real estate at such point? Has India evolved sufficiently to pay a premium simply because prime property also has an artist’s name attached to it? A lot might depend on how the Bansals promote this aspect of their township. Publicising the artist’s inputs could create a value above and beyond just that of the real estate. The only parallel that comes to mind is the buildings artist Satish Gujral created in the capital between the mid-1980s and the mid-1990s — most prominently the Belgian Embassy, and the Mexx farmhouses. The architecture carried the stamp of a Gujral sculpture. Even so, it is unclear how the artist’s premium will be calculated in any secondary market sale. Clearly, the square inch value of a work of art cannot be imposed on the square foot measure of real estate, just as an artist’s escalation in price terms cannot be imposed over and above the value of the real estate.

It is this that makes Golf Estate interesting. The Montrealbased architect has promised a township that will set a benchmark for India. Will Satish Gupta set a similar point of reference on how an artist’s intervention in architecture can result in an extraordinary realisation of value?

Courtesy:-BS dt:- 07-April-2010

For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi  homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/

And http://www.propertycafeteria.com

 


Permanent Link

Mumbai realty developers offer to build 500,000 affordable housesThursday, April 8, 2010


Real estate developers in Mumbai propose to join hands to construct 500,000 affordable houses for middle and lower income groups in partnership with the Maharashtra government in the next five years in the fast-growing Mumbai Metropolitan Region (MMR). The MMR region comprises Mumbai and the adjoining cities and towns such as Thane, Dombivli, Kalyan, Vasai, Virar, Mira Road and Nalasopara.

The project, as proposed, entails an investment of over Rs 15,000 crore. Houses of 160 sq ft to 600 sq ft are proposed to be created. The floor space index proposed (the ration of total built-up area allowed on the given land area) is three. The project would be implemented under the aegis of the Maharashtra Chamber of Housing Industry (MCHI).

The idea is also to take inputs from the ongoing schemes of rental housing implemented by the state-run Mumbai Metropolitan Region Development Authority, public-private partnership carried out by Maharashtra Housing & Area Development Authority and the slum rehabilitation scheme. MCHI President Pravin Doshi said details of the financial requirement of the project was being worked out.

“Residential housing can be made affordable by release of land by the government, increase of FSI, reduced taxes, single window clearance on plans and availability of micro finance.

Through this partnership, our endeavour is to arrive at some substantial solutions to cater to the ever growing need of demand for homes,” Doshi said.

However, Doshi was unable to explain what MCHI meant by affordable housing. He said it would depend on location. He repeatedly said MCHI and its members had no hidden agenda: they would not seek any extra favours from the state government for the construction of 5,00,000 affordable houses.

According to the information available with MCHI, Mumbai alone has an immediate demand of 1.4 million homes, of which 80 per cent comes from the Rs 3-5 lakh income group. There is also an unmet demand for basic affordable housing in Mumbai and the metropolitan region.

MCHI office-bearer Dharmesh Jain said the proposed mass housing project would help increase volume and stabilise the realty market. “Ultimately this will lead to mass consumption,” he noted.

The project entails an investment of over Rs 15,000 crore

Courtesy:-BS dt:- 07-April-2010

For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi  homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/

And http://www.propertycafeteria.com


Permanent Link

Big but Affordable ApartmentsSaturday, April 3, 2010

Developers Keep The affordability factor in mind Even as they build large-sized apartments

Shikha Sood, a teacher in an international school, bought a two-BHK 1,250 sq ft apartment for Rs 32 lakh in the NCR in 2007 with some amenities and frills thrown in. Her colleague, after a long wait, took the plunge and bought a house during the slowdown. On offer was a 900 sq ft apartment in the same area for Rs 22 lakh. Her sister bought a 1,100 sq ft flat last week in the same area for Rs 27 lakh.

That's not all. Suman Singh, a 38-year-old engi- neer, bought a residential property -- a 1,482 sq ft, three-BHK apartment in the stilt-plus-four-storey catego- ry at Rs 1,650 per sq ft -- in new Gurgaon in September last year. His brother-in-law bought a house in December last year when phase II of the same project was launched.

On offer was a 1,516 sq ft, three-BHK unit, at a rate of Rs 1,550 per sq ft, in the stilt- plus-14-storey category.

These examples are an indication of some interesting trends currently being wit- nessed in the real estate housing market. They show that while the sizes of the boom era (2007) may be mak- ing a comeback, the differ- ence this time is that afford- ability is becoming an increasingly important con- sideration while planning apartment sizes. Making detailed plans for projects and doing market research before launching housing products are becoming the norm. Unlike last year, the attempt now is not to shrink sizes but to make them sensible.

Inching forward The year 2007 saw many projects launched in the mid- end and high-end categories.

The affordable concept caught the fancy of develop- ers during the slowdown.

This year is witnessing launches in the mid-end seg- ment and sizes are slowly inching towards 2007 levels though the frills are missing.

“There were two things happening last year -- reduc- tion in prices and reduction in sizes. With prices starting to rise gradually, job security returning and businesses doing better, the mid-seg- ment and the high-end seg- ment are back. Affordable housing exists but the new projects cater more to the mid-segment. House sizes have, therefore, increased and are moving towards 2007 levels,“ says Abhishek Kiran Gupta, head of operations - research and real estate intelligence, Jones Lang La Salle Meghraj (JLLM), a real estate consultancy.

Also, developers are not experimenting with varia- tions and modifications in apartment sizes at the pace in which it was happening in 2009. Though sizes will increase, it will happen in stages, the first trigger being this Diwali, he adds.

If one were to compare the 2007 situation with the pres- ent, one will find that three years ago consumers went beyond their budget to buy bigger apartments. Having learnt their lesson during the lowdown, they are now going for housing products that suit their pockets. Also, if developers are moving back to 2007 sizes, the same is being done with a greater level of discretion, study and

research. There is greater focus on planning.

“If the brief I gave to my architect then (during 2007) was that I feel like building `X' product in a particular area because I feel good about it.

The brief I give him now is that these are the conclusions drawn from my demand sur- vey and, therefore, you need to build product `Y',“ points out Kumar Gera, chairman, Confederation of Real Estate Developers Associations of India (CREDAI).

Varied offerings Agrees Vidur Bharadwaj, architect and director at the 3Cs group. “In 2007, develop- ers were looking at opulence.

Today, the market is not yet ready for it. Every location will have some percentage of affordable, mid-segment and high-end apartments. I foresee a mixed bag.“

Concurs Pradeep Varshney, CEO, Jindal Realty (P) Limited, “In any project you'll find 10-15 per cent of the two- BHK variant of size 1,250 sq ft, 60-70 per cent of affordable apartments of sizes 750-1000 sq ft and 15-18 per cent flats of sizes 1,250-2,500 sq ft. “ Size and densities The size of apartments is not only being driven by market conditions but by densities provided by the government.

According to Amit Ramani, president, NELSON India, a US-based integrated solutions firm offering services in archi- tecture and interior design, “Developers are being forced to bring in all sizes to match and maximise the Floor Area Ratio (FAR).“ Differential pricing A dual pricing trend has also been observed in some proj- ects. Developers are offering bigger sized apartments in a high-rise at a lower price band when compared to apart- ments of similar sizes in a low- rise structure.

A case in point is the Crescent ParC project by SARE group in Gurgaon. The company is offering a 1,314 sq ft three-BHK apartment at Rs 1,650 per sq ft in the stilt-plus- four-floors category. In the stilt-plus-14-floors category, the company is offering a 1,516 sq ft three-BHK flat with servant quarters for Rs 1,550 per sq ft.

This is because in a low-rise project a developer tends to lose out on Floor Space Index (FSI), which is the ratio of the total floor area of buildings to the size of the land. These low- rise towers are less dense and their FSI is a costly affair and in that sense these are premi- um towers, points out Sunil Agarwal, chief development and acquisitions officer, South Asian Real Estate (SARE).

According to Priyankar Bhikshu, DTZ, a global consul- tancy, in 2007, developers managed to increase cost and realisation but they have now concluded that it cannot hap- pen sequentially. Therefore, differential pricing has been introduced to keep the overall affordability under check.

Going forward, the trend of bigger-sized apartments will rise. For each segment, con- sideration of affordability (price `X' size) will be an inte- gral part of the development process (design to selling) in the Indian realty market.

Courtesy:- HT Estates  dt:- 03-April-2010

For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi  homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/

And http://www.propertycafeteria.com

 


Permanent Link

HNI in realtySaturday, April 3, 2010

Unlike in the past, the New Age Indians are not confined to investing in residential properties — they are now setting their sights on commercial property as well, says
Vivek Shukla


    If you imagine that commercial properties are only purchased by companies to expand their business prospects, think again! Now high net worth individuals (HNI) too invests in commercial properties. As recently as a few years ago, commercial property was an investment option for select individuals. Apart from the issue of a large investment, it required a different mindset from the investment point of view as well. But, over the years, a large number of Indians have begun to earn huge salaries while many others are also making a lot of money through freelance jobs, which they are investing in commercial properties.
    Unlike in the past, the New Age Indians are not confined to investing in
residential properties. This trend is picking up fast. “If banks do not show reluctance to give loans to individuals in order to buy commercial properties, more and more HNI will come forward to buy commercial properties. It is now no secret that banks hardly show any positive attitude to sanction loans to individuals in order to buy commercial properties. This happens all over the world. That is why you can not blame only our banks,” says Samir Jasuja, CMD of PropEquity.
    An official of PNB Housing Finance Ltd also admitted that while banks happily give loans for residential properties, they are not that forthcoming when it comes to loans for the purchase of commercial properties. Reason? He said that compared to residential properties, the rate of default is very high in this segment. That is precisely the reason banks avoid disbursing loans to individuals in buying commercial properties.
    “As far as Ansal API is concerned, we have got bookings from a sizable number of such individuals (HNI) in our malls (Ansal Plaza in various locations), as also in small to medium office spaces in our
commercial projects in Delhi NCR, Punjab, Lucknow, Kundli (near Sonipat in Haryana), among other projects,” says the company's official spokesman.
    Anu Gupta, director of Century 21 India, says that HNIs should make investments in commercial properties as these investments could maximize their return. The reason being, while they could go for bank loans up to 75-80% for such investments, the repayment of such loans could be set off against the rental incomes from such commercial properties. Thus, by investing a portion of the total price (say 25%), an investor can acquire a high-value asset, which will not only give maximum return (thanks to the set off provision
in IT against rentals), but could see a significant appreciation over a period as the retail/commercial industry grows.
    Giving his own example as to how he is earning less because he has invested in residential property while his friend is earning far more than him for investing in commercial property, a Delhi-based financial professional, Narinder Gambhir, says that both he and his friend invested in residential and commercial properties in 2004 in East Delhi. Both invested close to Rs 30 lakh each. “While I am getting a rent of Rs 15,000 per month, my friend is earning Rs 25,000 from his property. This is a huge difference,” Gambhir rues.
    Discussing about the factors which are crucial for HNI to look before buy commercial properties, a realty expert says that they should not invest where there is a deluge of supply. In that case, the investment would not fetch good returns. HNI also invest in commercial property, as they are not restricted to a dingy market area. Today, swanky malls enable an individual to look at commercial property as a viable investment option. Moreover, the emergence of semi-
commercial property in residential locations has made the investment financially viable.
    R K Arora, CMD of Supertech group, says that there is nothing wrong if you invest in commercial property, but one must invest after taking all the pros and cons into consideration. "I feel that if you invest in some commercial space in NCR, then you have to wait for a long period before earning anything as there is a massive supply of such commercial property in NCR, unlike in Delhi. If you can invest in Delhi, then it is great."
    However, Alimuddin Rafi Ahmed, CMD of ILD realty group, feels that as our economy is improving after tiding over a really tough time during the market slum of 2008-09, corporates are looking for commercial spaces on lease, hence it is a perfect time to invest in commercial properties. “This is just the right time to invest as the property is available at rock-bottom prices. The crash in property prices led to downward revision of prices by developers. The reduction was to the tune of 30% or so,” Ahmed concludes.
    Another point in favour of commercial property is the changing dynamics on the economic front. In bigger cities, entrepreneurship has been on the rise and this would mean a lot more individuals would be looking for office space for their business enterprises. These individuals look for properties which are not commercial, but a mix of commercial and residential.
    Do they also get queries from HNI for investment in their commercial properties or malls? Sunil Jindal, CEO of SVP Developers, says that they have not dealt with HNI so far as they deal with big brands directly. “I still suggest HNIs to invest in residential than commercial properties. That is safe for them. We have noticed that due to over supply of commercial properties in NCR, they are not fetching enough returns,” says Jindal. And in the end, Ashish Jindal, head (North) of Knight Frank India, also says that if you can, then commercial property is a good investment option for investors. The motive behind such investments should be more rental returns than capital appreciation. A typical commercial office property can give 8-12% return depending upon the quality of building and tenant. It’s a good medium to long-term asset class to have in one's investment portfolio - even for the salaried class.

Courtesy:- Times Property dt:- 03-April-2010

For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi  homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/

And http://www.propertycafeteria.com

 


Permanent Link

RESIDENCE IN PUNETuesday, March 30, 2010

An apartment covering an area of 2,800 sq ft in Kalyani Nagar was leased out to a corporate for a rental of Rs 1.6 lakh per month. This rental for this high-end apartment was well within the commanded range of Rs 1,10,000 – 2,10,000. It happens to be amongst the most sought after buildings in the expat community. While prices in this micro-market have remained stable over the past two quarters, they are expected to appreciate on account of the growing demand from expatriates and corporates, mainly due to its proximity to the airport, railway station as well as the central business district.

Cushman & Wakefield, a commercial real estate services firm with offices worldwide, delivers solutions including advising, implementing and managing on behalf of landlords, tenants, and investors.

For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in Pune, property for sale in Pune, apartments for sale in Pune, flats for sale in Pune .

Log in to http://www.zameen-zaidad.com/ASK_FOR_FLAT_RENT.aspx

And http://www.propertycafeteria.com/Ask_flat_Rent.aspx

Author

Hi I am Ravi Chauhan I am working in (Bhardwaj Buildtech Pvt Ltd) Company in Delhi.

To Visit for more information http://www.zameen-zaidad.com & http://www.propertycafeteria.com/main.aspx

 

 

 


Permanent Link

RESIDENCE IN MUMBAITuesday, March 30, 2010

A residential apartment spread across an area of 5,800 sq ft was sold at a total value of Rs 12,52,37,500 at Lower Parel in Central Mumbai. The apartment features a plunge pool and a terrace garden, while the complex offers a club house, along with other amenities. This under–construction high-end apartment commanded an average capital value of Rs 21,500 per sq ft and will be ready for possession in 34 months. The commanded range for ready apartments in this area is Rs 34,000 – 55,000 per sq ft. Lower Parel is likely to witness an increase in the number of new project launches for high end as well as mid-ranged projects over the next three to six months.

Cushman & Wakefield, a commercial real estate services firm with offices worldwide, delivers solutions including advising, implementing and managing on behalf of landlords, tenants, and investors.

For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in Mumbai, property for sale in Mumbai, apartments for sale in Mumbai, flats for sale in Mumbai .

Log in to http://www.zameen-zaidad.com/ASK_FOR_FLAT_RENT.aspx

And http://www.propertycafeteria.com/Ask_flat_Rent.aspx

 

Author

Hi I am Ravi Chauhan I am working in (Bhardwaj Buildtech Pvt Ltd) Company in Delhi.

To Visit for more information http://www.zameen-zaidad.com & http://www.propertycafeteria.com/main.aspx

 

 


Permanent Link

SHORT-TERM FUNDS MAY BE YOUR BEST BET, NOWMonday, March 22, 2010

Yields on bonds being on an upward curve, many investors are reworking their investment strategy in debt funds, write Nikhil Walavalkar & Prashant Mahesh

With yields on 10-year government bonds crossing the 8%-mark recently, investors are going in for a tactical shift in their fixed income portfolio. As against liquid plus and funds with tenure of less than a year, they are now choosing to park funds for the next couple of months in short-term funds. Many are betting that yields will spike temporarily to the 8.25-8.35% range, which they feel is an ideal time to invest in gilt funds. Investing in gilt funds — if there is such a spike — provides an opportunity to earn a return of 10% per annum from gilt funds over a 2-year period, experts feel.

“An yield of 8.35-8.5% on a 10-year benchmark bond is a good entry point for aggressive fixed income investors to enter long-term gilt funds with a 2-year timeframe,” says Devendra Nevgi, founder & principal partner of Delta Global Partner.

Some indicators do point out that interest rates could speak out in the near term. One reason is for rates peaking is that the market might turn out to be over-pessimistic. “There is skepticism in the market whether the government would be able to remain within set targets. Our view is that the government can actually do better,” says AV Srikanth, executive director, Anand Rathi, Private Wealth. He expects yields to fall by 100 basis points over the next 1-year and hence, expects investors to earn a return of 10% per annum from gilt funds over a 2-year period.

Second, as growth picks up in 2011 and further picks up speed in 2012 and 2013, the fiscal deficit is expected to come down sharply. Additionally, India is expected to be current account surplus from 2013 onwards. Both of these will be further bring G-Sec yields down as they will reduce the government borrowing programme sharply. Though investors are looking at medium-to-long term income funds with a view to earning higher returns than gilt funds, the underlying credit risk in such funds cannot be ruled out. In gilt funds, investors get the opportunity to play the interest rate cycle without exposing themselves to credit risk.

The other factor that has been driving up interest rates is inflation which is likely to hit the double digit mark soon. As non-food inflation is expected to rise in the short term due to hike in fuel prices and partial withdrawal of stimulus, there is a possibility of an uptick in the rates in the immediate future.

But with supply side issues being well addressed, inflation is expected to go down over the next 6-9 months, with the arrival of rabi crops and a good monsoon. This could bring down interest rates and push up bond prices. “Though inflation may touch double digits in the first quarter of the next year, by year end it should come down to 6-7%,” says Pankaj Jain, fund manager- fixed income, Taurus Mutual Fund.

Investors in fixed income or debt securities or debt funds benefit when the interest rates come down and vice-versa. As the rates come down, the value of securities moves higher, taking the NAVs higher. “We advise investors to move from liquid plus funds to short-term income funds, with maturity of 1-2 years, and may review strategy once the 10-year point crosses the 8.35% mark,” asserts Ranjit Dani, a financial planner.

Courtesy:- ET dt:- 19-03-2010

For information about real estate, real estate india, Indian real estate property, property in india, Indian property, apartments, apartments for sale, apartments for buy, apartments for sale in delhi, apartments for sale in gurgaon, apartments for sale in indirapuram, flats for sale in delhi, homes, homes for sale, houses for sale, homes for sale in delhi, homes for sale in gurgaon, houses for sale in delhi, houses for sale in gurgaon, property investment options in delhi, investment option in real estate, real estate consultant, real estate agents, real estate developers and many more  log on  to http://www.zameen-zaidad.com and http://propertycafeteria.com/

Author

Hi I am Ravi Chauhan I am working in (Bhardwaj Buildtech Pvt Ltd) Company in Delhi.

To Visit for more information http://www.zameen-zaidad.com & http://www.propertycafeteria.com/main.aspx

 

 

 


Permanent Link

SHORT-TERM FUNDS MAY BE YOUR BEST BET, NOWFriday, March 19, 2010

Yields on bonds being on an upward curve, many investors are reworking their investment strategy in debt funds, write Nikhil Walavalkar & Prashant Mahesh

With yields on 10-year government bonds crossing the 8%-mark recently, investors are going in for a tactical shift in their fixed income portfolio. As against liquid plus and funds with tenure of less than a year, they are now choosing to park funds for the next couple of months in short-term funds. Many are betting that yields will spike temporarily to the 8.25-8.35% range, which they feel is an ideal time to invest in gilt funds. Investing in gilt funds — if there is such a spike — provides an opportunity to earn a return of 10% per annum from gilt funds over a 2-year period, experts feel.

“An yield of 8.35-8.5% on a 10-year benchmark bond is a good entry point for aggressive fixed income investors to enter long-term gilt funds with a 2-year timeframe,” says Devendra Nevgi, founder & principal partner of Delta Global Partner.

Some indicators do point out that interest rates could speak out in the near term. One reason is for rates peaking is that the market might turn out to be over-pessimistic. “There is skepticism in the market whether the government would be able to remain within set targets. Our view is that the government can actually do better,” says AV Srikanth, executive director, Anand Rathi, Private Wealth. He expects yields to fall by 100 basis points over the next 1-year and hence, expects investors to earn a return of 10% per annum from gilt funds over a 2-year period.

Second, as growth picks up in 2011 and further picks up speed in 2012 and 2013, the fiscal deficit is expected to come down sharply. Additionally, India is expected to be current account surplus from 2013 onwards. Both of these will be further bring G-Sec yields down as they will reduce the government borrowing programme sharply. Though investors are looking at medium-to-long term income funds with a view to earning higher returns than gilt funds, the underlying credit risk in such funds cannot be ruled out. In gilt funds, investors get the opportunity to play the interest rate cycle without exposing themselves to credit risk.

The other factor that has been driving up interest rates is inflation which is likely to hit the double digit mark soon. As non-food inflation is expected to rise in the short term due to hike in fuel prices and partial withdrawal of stimulus, there is a possibility of an uptick in the rates in the immediate future.

But with supply side issues being well addressed, inflation is expected to go down over the next 6-9 months, with the arrival of rabi crops and a good monsoon. This could bring down interest rates and push up bond prices. “Though inflation may touch double digits in the first quarter of the next year, by year end it should come down to 6-7%,” says Pankaj Jain, fund manager- fixed income, Taurus Mutual Fund.

Investors in fixed income or debt securities or debt funds benefit when the interest rates come down and vice-versa. As the rates come down, the value of securities moves higher, taking the NAVs higher. “We advise investors to move from liquid plus funds to short-term income funds, with maturity of 1-2 years, and may review strategy once the 10-year point crosses the 8.35% mark,” asserts Ranjit Dani, a financial planner.

Courtesy:- ET dt:- 19-03-2010

For information about real estate, real estate india, Indian real estate property, property in india, Indian property, apartments, apartments for sale, apartments for buy, apartments for sale in delhi, apartments for sale in gurgaon, apartments for sale in indirapuram, flats for sale in delhi, homes, homes for sale, houses for sale, homes for sale in delhi, homes for sale in gurgaon, houses for sale in delhi, houses for sale in gurgaon, property investment options in delhi, investment option in real estate, real estate consultant, real estate agents, real estate developers and many more  log on  to http://www.zameen-zaidad.com and http://propertycafeteria.com/

Author

Hi I am Ravi Chauhan I am working in (Bhardwaj Buildtech Pvt Ltd) Company in Delhi.

To Visit for more information http://www.zameen-zaidad.com & http://www.propertycafeteria.com/main.aspx

 

 

 


Permanent Link

Service tax on commercial propertyWednesday, March 10, 2010



While a service tax on commercial property seeks to introduce greater transparency in the transactions involved, the immediate downside is also quite apparent, says Sanjay Dutt

 

Budget 2010 intends to bring all lease agreements pertaining to commercial property, including offices, business centers, shop and malls, cold storage facilities and warehouses as well as all other premises used for business purposes under the purview of service tax. The benefits of the stay that the Delhi High Court had placed on service tax collections with regards to the renting out of commercial premises herewith stands revoked. While this is certainly a step towards introducing greater transparency into the transactions involved, the immediate downside is also quite apparent. Tenants calculate effective rent per month per square foot on carpet area.
Landlords calculate their net earnings after paying all taxes and other payables.
Any additional layer of cost, such as service tax, will have an impact. In a buyer's market, landlords will end up taking the hit -in a seller's market, it is the tenant who is impacted. The commercial
real estate market is definitely a buyer's market. Either way, it becomes one of the items of negotiation of rent. In short, this is definitely going to increase cost for owners as well as tenants.

Secondly, it is in overall terms not good for the industry as there are already very unpredictable items of cost such property tax, which continues to increase, and any increase of cost will affect owners' net earnings.
Investors will now be more careful of investing in
commercial assets, especially income generating assets, since purchasing such properties on a fixed return basis will now yield significantly lower returns. Where an agreement already exists between tenants and landlord and no provision are made for such tax-related escalations, it will lead to increased litigation and need for arbitration.

With the immediate impact on tenants, landlords and investors beyond dispute, there will be no serious long term repercussions. Tenants have, by now, factored in the service tax components into their expected capital outlay.
With the business climate once again turning positive, they will tend to look beyond this additional expense and towards the benefits of doing business from suitable located and enabled office premises.

We are once again witnessing a steady increase in demand for quality office spaces by financial institutions and even IT/ITES. The short-term discomfort brought about by the more broad-based enforcement of service tax will be offset by the strong growth fundamentals in Indian commercial real estate sector, which will soon absorb this relatively minor setback.
The author is CEO business, Jones Lang LaSalle Meghraj (JLLM)

Courtesy:HT Estates dt:06-March-2010

For more information regarding apartment in mumbai, bedroom apartments, buy property in india, commercial complex in india, commercial real estate, commercial space in mumbai, dealers, flats for sale, indian real estate investment, investment options in real estate, luxurious flats, malls, office space, office space in mumbai, online real estate, penthouses mumbai, plots, property consultants, property in mumbai, property india, property investment, real estate company, real estate developer, real estate mumbai, real estate in india, real estate investment strategies, real estate market, real estate news, real estate portals, realtors, realty, residence, residential real estate, sell property, shop, villas, Residential Apartment

 

Visit    www.zameen-zaidad.com

            www.propertycafeteria.com

Author

Hi I am Ravi Chauhan I am working in (Bhardwaj Buildtech Pvt Ltd) Company in Delhi.

To Visit for more information http://www.zameen-zaidad.com & http://www.propertycafeteria.com/main.aspx

 

 


Permanent Link

NO TAXING TIME FOR REAL ESTATE: GOVTMonday, March 8, 2010


Says construction attracts service tax only on 33 per cent of the value.

The government today said the net impact of the service tax on real estate construction would be only 3.3 per cent, since construction attracts service tax only on 33 per cent of the value.

The government had last week clarified through the Budget that transactions such as leasing vacant land and commercial spaces, payment made to developers before the grant of completion certificate and imposing preferred location charges, among others, would come under the service tax net.

Developers said the proposal could push home prices up by 10 per cent in Tier-II and Tier-III towns and 0.5-4 per cent in big cities such as Mumbai and Delhi which have higher land prices. However, a senior finance ministry official here said the net impact of the service tax would be only 3.3 per cent, since there is an abatement of 67 per cent.

“There is a false impression being created that prices will go up by 10 per cent but the fact is that 10 per cent service tax is levied only on 33 per cent of the value,” said the official.

The budgetary clarification has been issued with retrospective effect from 2007, when real estate transactions were brought under service tax. Abatement scheme, under notification number 1/2006 dated March 1, 2006, says that the contractor is entitled to claim abatement to the extent of 67 per cent of the value of services rendered by him. In effect, the contractor would have to pay service tax only on 33 per cent of the value.

Stung by new service tax proposals on property transactions, real estate bodies such as the Confederation of Real Estate Developers Associations of India and Maharashtra Chamber of Housing and Industry plan to approach the finance ministry to seek rollback of some proposals.

Developers have already increased prices by 15-20 per cent in the last nine months as demand for homes picked up. This resulted in demand tapering in January and February.

Courtesy:- BS dt:- 04-March-2010

For more information regarding apartment in mumbai, bedroom apartments, buy property in india, commercial complex in india, commercial real estate, commercial space in mumbai, dealers, flats for sale, indian real estate investment, investment options in real estate, luxurious flats, malls, office space, office space in mumbai, online real estate, penthouses mumbai, plots, property consultants, property in mumbai, property india, property investment, real estate company, real estate developer, real estate mumbai, real estate in india, real estate investment strategies, real estate market, real estate news, real estate portals, realtors, realty, residence, residential real estate, sell property, shop, villas, Residential Apartment

 

Visit    www.zameen-zaidad.com

            www.propertycafeteria.com

 


Permanent Link

Unitech The Villas, 4 bedroom villa for saleWednesday, February 3, 2010


Type- Residential Villa

Sector - 33 & 48, Sohna road, Gurgaon,       

Price – Rs. 54665451 *

Description – Unitech The Villas, 4 bedroom villa  for sale @ Rs. 54665451 in Sector - 33 & 48, Sohna road, Gurgaon, Close proximity to the residential, retail and commercial development on Sohna Road, 15 min driving distance are world class Schools such as Shikshantar, The Shri Ram School, DPS, Heritage, Amity International, Pathways, GD Goenka; and Hospitals such as Medcity, Artemis, Max, Fortis, Apollo, Sir Gangaram & Batra., 1 minutes away from the proposed metro route., 20 minutes drive from IGI airport.

Sit with your back straight. Close your eyes and exhale. Fill your belly with freshness. Feel the air filling your chest. Hold the breath in for a moment; now exhale as slowly as possible. Relax you body mind & soul. And let everything else go. Welcome to a sanctuary away from the rigors of modern living. A magical place where every day is a holiday . Welcome to The Villas at Uniworld Resorts.

from the date of issuance of the final notice of possession . 

The Maintenance charges for a period of 3 (Three) years shall be payable in advance before the possession of the villa is given to the allottee(s). 

Registration charges will be payable by the allottee(s) as applicable at the time of offer of possession. 

The above Prices/Payment Plans are subject to revision/withdrawal at any given time without notice at the sole discretion of the company. Prices mentioned above are escalation free

 

You can get more information about this 3 bedroom Multistory Apartments, real estate information, real estate investment options, real estate agents information and information about 2 bedrooms flats for sale, 3 bedrooms flats for sale, 4 bedrooms flats for sale in gurgaon and delhi /NCR and also we provides real estate services like property for sale, project for sale, property investment, buy houses, sale houses, homes buyers, homes sellers and many more

On my web sites like http://www.zameen-zaidad.com/unitech-the-villa-gurgaon.aspx and                                                 http://www.propertycafeteria.com/main.aspx

 

 


Permanent Link

TALK OF THE TOWNSHIPSWednesday, January 20, 2010

What works for a township -- a single entity or a consortium of developers?

Townships, but obviously, are obviously, are small towns. These have residential and work areas, along with schools, hospital and a bazaar, which exist as part of a single unit. These are, of course, much larger than housing societies, but much, much smaller than a city or town.

A township as a fully evolved and implemented concept is still a rarity in India. It is the largest format of real estate, involving at least 100 acres of development. The bulk of the construction in an integrated township is residential (30-40 per cent). Roads and parks form 15-20 per cent, housing for the economically weaker sections, comprises 5-20 per cent, and the rest is commercial.

Townships are designed to be self-sufficient with physical infrastructure (roads, power, sewer etc) and social infra structure (schools, hospitals, - retail, entertainment areas, mass transit system, etc).

"Townships in India are varied in size. Their sizes range from (a) 100 acres to 500 acres, (b) 500 acres to 3,000 acres, and (c) above 3,000 acres," says Vivek Dahiya, founder and CEO, GenReal Property Advisers Private Limited. "Due to the limited number of such developments, there are only a few examples to quote and most of the work is handled by one developer."

A township can be created by a consortium of developers or by one single builder. So, which one is a workable model? Apart from the Hiranandani project in Powai, Mumbai, and Magarpatta City in Pune, there have been no instances of full-fledged townships being launched in the formal configuration.

"While it is true that seven real estate groups have come together for developing Crossings Republik at NH 24 Ghaziabad, this project is, despite its immense size, not exactly a township that complies with all the prescribed regulations for such projects," says Sanjay Dutt, CEO, business, Jones Lang LaSalle Meghraj.

While the township concept is definitely the format of the future for India, it is currently fraught with problems that have a lot to do with the lack of maturity and depth in the Indian real estate market.

"When a consortium of developers plans to launch a project on such a massive scale, a high level of co-operation and consensus on key issues is of paramount importance," says Dutt. "Such a degree of co-operation is not achievable without the presence of a governing entity that makes the most important decisions and regulates the development of the project.

"In many other parts of the world -- most notably the Middle East -- the concept of a master developer who then aligns himself with other players, while retaining a pivotal role at all junctures, has worked well, leading to a high success rate for consortium-based townships."

However, Amber Maheshwari, head, investment advisory, DTZ International Property Advisers, is of the view that townships by both single developers and consortiums can coexist and deliver better results. "It all depends on the accountability of the developer or developers involved," he says. "When it comes to a consortium, the government acts as the master developer and looks after providing the infrastructure. In the other case, all the infrastructure and amenities have to be put in place by the lone developer. So, there are chances that if a single developer is coming out with a township covering a large area, then the completion might take sometime, say six or seven years."

Dahiya adds, " A consortium of developers can be successful in developing a township if they have: (a) equal financial strength, (b) similar vision for the project in the long run, and (c) non-financial expertise that can be brought into the project. Any mismatch would make it difficult for the consortium to last."

A big player usually will not have a problem developing a township on his own as he has the infrastructure et al in place. The deciding factor is the land acquisition price, which has to be cheap enough so that affordable development can take place.

One has to have the vision to set up a place that works -namely its location, price, quality of product, facilities offered, etc. A developer also has to set up strategic partnerships with experts to provide all that goes into the making of a township to enable it to have a good mix of facilities such as schools, recreation and entertainment options.

Maheshwari cites Magarpatta in Pune, a fully occupied 100-acre township. "Development work started seven years back and it has good roads, power, sewer etc. The township was within the municipal limits and the developer just had to augment the infrastructure and make it available to the buyer," says Maheshwari.

India, however, is still a largely unregulated and ungoverned market, and the approach to project development in many cases is not completely professional. "Even the organised component of the Indian real estate market works best only when a single developer conceptualises, blueprints and executes a project," says Dutt. "There is a tendency to disagree on a whole swathe of issues, which, if not settled in a timely and progressive manner, can lead to the stalling of a large project practically at any stage.

"The unfortunate fact is that despite its immense potential, the Indian property arena is not yet mature enough for the kind of orchestrated effort that is required for a consortium to bring a full-fledged township project to completion."

Dutt points out that single developers can take unilateral decisions at all stages. This would indicate that -- at least for now -- "a large township would have better chances of seeing completion if undertaken by a single entity rather than multiple ones".

"Finally," says Dahiya, "we should note that a township takes shape in a minimum of 10 years. For example, the approximately 3,000 acres owned by DLF in Gurgaon Phase I to V has taken over 15 years to reach its current status of development and there are still some projects left in the township."

Courtesy:- HT Estates dt:- 16-jan-2010

 


Permanent Link

ARE NRIS DESERTING INDIAN REALTY MARKET?Monday, January 18, 2010

The purpose of PBD would be defeated if the government only looks at the dollars part of overseas Indians and fails to address their genuine woes and issues, says Vivek Shukla

Apart from biting cold weather of the capital, lack of enthusiasm among overseas Indians to buy properties in India has further dampened spirits of some of the realty firms, as well as around half a dozen banks, which put up impressive stalls outside the venue of the recently concluded Pravasi Bhartiya Divas (PBD) at Vigyan Bhavan.

Of course, realty firms were trying to woo the ‘pravasis’ to buy their products while banks were ready to clear their home loans, then and there. But, both got a rude shock. In a way, it was a departure from earlier PBD meets when a large number of NRIs used to book their properties in various parts of the country.

So, what went wrong this time round; why aren’t the NRIs taking any interests in the upcoming projects of realty firms? Are they facing a financial crunch? After taking to several NRIs at the meet, one thing has clearly emerged - that a real-life version of “Khosla ka ghosla” is being played out with an increasing number of NRIs.

A furious Naresh Chopra, a NRI from America, said that he had booked one flat in Gurgaon in a project of a very well-known realty player. He had also been paying whatever money the realty firm was asking of him. Despite that, there was no progress on the project. The realty firm failed to deliver the flat to him, which they promised to hand over almost a year ago. While narrating his tale, he also said he would take up this matter with Vayalar Ravi, overseas Indian affairs minister.

Complaints of real estate deals going sour, illegal encroachment and unauthorized occupation of properties have flooded the officials of ministry of overseas Indian affairs during this PBD.

Property dispute is one of the most common complaints by NRIs. They are unable to protect their property due to long absences or lack of awareness of laws, Vayalar Ravi admitted. Moreover, some realty firms are not delivering them their flats on time. The largest number of complaints is from major real estate markets like Delhi, Mumbai, Bangalore, and also from Andhra Pradesh, Kerala and Punjab. The nature of the complaints are mainly over protection of properties that have been forcibly occupied or encroached, disputes relating to division of property or inheritance, and cases where investors have been cheated by real estate developers.

Though there was a session on property disputes at the PBD, only assurances were given to harassed overseas Indians by officials. Navin Raheja, CMD of Raheja group, who had a stall at the PBD venue, admitted that the NRI response was rather cold. “They seem to be reluctant to invest here as some unscrupulous developers have duped them of their money by not delivering projects at all, or in some cases, projects have got inordinately delayed as well. These factors have contributed towards a comparative lack of interest on part of overseas Indians,” he admits.

R K Arora, CMD of Supertech group, admits that NRIs are buying fewer properties now as compared to two-three years ago. “They buy properties in the range of Rs 60 lakhs to Rs 80 lakhs. They buy properties for purely investment purpose. There is hardly any emotional factor that is involved. As and when they get good appreciation on their properties, they dispose it off,” he says.

After not-so-great response from NRIs last year, at the PBD held in Chennai, realty advisory Century 21 India did not put up its stall in Delhi this time. Sanjay Singh, marketing director of Century 21 India, says that NRIs can again start buying properties in India provided authorities ensure that their interests are not compromised. “It is also not true that they are not buying properties here at all. They are still buying, but not in a big way. My advice to them would be to stick to metros and major cities only, as Tier 2 and Tier 3 cities still face uncertainty on the oversupply situation,” says Sanjay. Samir Jasuja, CMD of PropEquity, has a word of caution. “They must see to it that they invest with developers with a proven track record and not be taken in by glitzy ads or aggressive media campaigns,” he says. According to him, unlike the general perception, NRIs do not invest in properties in a big way. “Indian realty market would not crash if they desert it. There are basically two types of NRIs who invest in realty market. One, those who buy property from a purely commercial angle. Two, those who send money from some European country or US to their parents or close relatives to buy properties. In both cases, the number is not that really big,” he says.

Chandrasekhar Tiwari, an eminent scholar on Indian diaspora affairs, says that perhaps only those NRIs are buying properties in India who have migrated to other countries during the last 25 years or so. They are still very much close to their roots. “I am pretty sure that those who had shifted before 25 years or so are not buying properties. Only the first generation NRIs are coming back to India. All stakeholders should see to it that NRIs keep their ties with India intact. We should create a situation which is ideal for them so that they keep on investing here,” feels Tiwari.

Ashish Jindal, regional head (North) at Knight Frank India Pvt Ltd, says that the current situation is right for NRIs to enter the market as the market has started its upward movement and prices would definitely harden over the next few months.

Experts also say that NRIs have always been active in the Indian real estate sector. They have always bought into built up units in major cities or purchased land in their ancestral city or town. The global boom till 2007 witnessed a lot of investment by NRIs in India. The global recession, which also hit India majorly, saw some NRIs scout Indian cities for distressed assets sale. An officer of Punjab National Bank admitted that there were not many NRIs looking for home loan from them during PBD. “As economic slowdown has also badly hurt them, it is possible that when things started looking up again, they would start to buy properties here,” he says.

Till recently, NRIs from the US, the UK, Canada and Gulf were the cynosure of realty sector. Among NRIs settled or working in these countries, Punjabis and Malayalis used to buy properties in a big way, every year, in all the major parts of the country. It is a well-known fact that Malayalis and Punjabis have migrated in hordes over the years. Some of them are also buying commercial space.

Samy Velu, a leader of the Malaysian Indian Congress and former minister in his adopted country, said that the purpose of PBD would be defeated if the government only looks at the dollars part of overseas Indians and fails to address their genuine woes and issues. He was referring to the speech of Prime Minister Manmohan Singh at the PBD in which he urged NRIs to invest in India.

Courtesy:- Times Property dt:- 16-01-2010

 


Permanent Link

SOME ASPECTS OF EMITuesday, January 12, 2010

Ashish Gupta outlines some significant aspects of an EMI and its components

Home loans are repaid through equated monthly instalments (EMIs). An EMI consists of both interest and principal amounts. The EMIs remain constant over the tenure of the loan. The loan amount plus the interest for the loan tenure divided by the tenure of the loan (in months) gives you the EMI. The amount of EMI to be paid depends on various factors which include the amount of loan, tenure of loan, rate of interest, and mode of calculation of interest.

Normally, a home loan is repaid over a number of EMIs spread over a number of years. In the case of floating rate loans, the EMIs will increase when the interest rate goes up and is reduced when the interest rate comes down. The interest and principal loan components in the EMIs may vary from month to month. In the initial period, as the loan amount outstanding is more, the interest component in the EMI would be more and principal recovered would be lesser. Gradually, over the tenure, the loan amount gets reduced every month. The interest will be charged on the outstanding loan amount. The interest portion of the EMIs therefore goes on reducing and the principal component goes on increasing.

In case of floating rate loans, when the interest rate is increased, the principal recovery will be further reduced as the interest component in each EMI will increase. When the interest rate increases, if the EMIs remain the same, the bank may increase the loan tenure. To keep the tenure the same, you can partly prepay the loan amount. In case the interest rates are falling, it is advisable to continue to pay existing EMIs. This will reduce the total interest payable on the home loan as a greater portion would be allocated towards the principal component.

For example, in case of a home loan of Rs 20 lakhs at 10 percent interest per annum for a period of 20 years, the EMI will be Rs 19,300. In the first month, since the entire loan is outstanding, the bank will charge interest of 10 percent on Rs 20 lakhs, and this will be Rs 16,667. So, out of the EMI amount of Rs 19,300, the interest amount is Rs 16,667 and the balance amount of Rs 2,633 is towards the repayment of the principal component. At the end of first month, the loan amount outstanding would be Rs 19,97,367. In the second month, interest will be charged on this outstanding loan amount of Rs 19,97,367, coming to Rs 16,644. The balance amount of Rs 2,655 will be repayment towards the principal.

While determining the loan eligibility, for a given income, the bank calculates the amount available to pay the EMIs, which in turn is used to determine the eligible loan amount at a given rate of interest and for a fixed period. In case there is any change in the loan amount, interest rate, tenure or the method of computing interest, the EMIs change. In case the interest rate increases, with other variables being constant, the eligibility amount will decrease. In case the interest rate deceases, the opposite happens.

Courtesy:- Times Property dt:- 09-01-2010


Permanent Link

COMMERCE MIN SEEKS MEET TO END SEZ TAX SOPS ROWSaturday, January 9, 2010

The commerce department has sought an exclusive prebudget consultation with the finance ministry to resolve the uncertainty surrounding tax breaks available to special economic zones (SEZs). "Commerce minister Anand Sharma will have a separate meeting on SEZ issues with the finance minister before the budget," shared a commerce department official, who did not wish to be named. The idea is to settle unresolved issues so that developers and units are not left guessing as to what the future is going to hold for them, he said.

Courtesy:- ET Realty dt:- 08-01-2010


Permanent Link

MANAGING YOUR EMI PAYMENTSTuesday, December 29, 2009


The lure of low interest rates on home loans and affordable homes have rekindled the enthusiasm of homebuyers.

Suppose a borrower takes a home loan at a floating rate of interest. Unlike with a fixed rate loan, the interest rates can move in either direction. If the floating rates go down, the borrower will be benefited as his EMI outflow goes down. On the contrary, if the floating rates move in an upward direction, the borrower’s EMI outflow will increase.

How does a borrower cope with increase in rates? What are the options before a borrower who is struggling to make EMI repayments every month?

Increasing the tenure of the loan could bring some immediate relief. However, the longer the tenure of the loan, greater is the associated cost of borrowing.

Try to pay off high interest rate debts first and refrain from taking fresh loans. Analyse how much debt you’ve accumulated and curb your spending habit

Move from floating to fixed rate if uncertainty of rate changes is stealing your peace of mind. However, when moving from floating to a fixed rate loan, the borrower is charged a conversion fee. Sometimes these fees and penalties could eat into your actual conversion benefits

Talk to the lender. Explore if he has any convenient repayment options that could bail you out of your financial crunch

Explore if you can make prepayments. In case you have some other savings, even a partial prepayment could greatly reduce your monthly EMI commitment. Some lenders charge a small penalty for prepaying

If you are paying a far higher rate than other borrowers, perhaps switching to another lender may not be a bad idea

Courtesy:- Times Property dt:- 26/12/2009

 


Permanent Link

Copyright 2011 News Jungle .us



BingoGiant.com - Free Bingo