Real estate

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

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

      

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

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

 As soon as inflation is controlled and the interest rates come down, the current slowdown in the real estate sector will seem temporary and the sector will perk up. The persistence of inflationary pressure in the market will further affect the recovery in the real estate sector. As the government measures to improve supplies of essential commodities, so far, have had limited impact on controlling prices, RBI is likely to further take harsh measures to push the interest rates up on July 29 when it review its credit policy.
  
Because of the central bank's monetary measures taken so far to contain inflation, the interest rates on home loan have gone up by 2 percentage points - to over 12% in the last one year. Prior to this, the central bank, in order to contain the rise in the prices of real estate, had curtailed the flow of money to the sector. This has resulted in the rise in interest rates by over three percentage points between 2005 and 2007.
  
As the land cost and cost of construction increased substantially, builders find it difficult to cut the prices on the finished products to absorb the rise in EMI due to increase in the interest rates. Assotech MD Sanjiv Srivastava said that in the last one year, developers and builders have not increased the prices of their products while the input cost has increased by almost 30% to 50%. Therefore, he said, his profit margin has already been squeezed. And, any further cut on the prices of built up apartments and plotted houses will turn his business into a loss-making proposition.
  
Even in big city like National Capital Region of Delhi, builders have slowed down construction activities. A senior consultant said that the construction activities at present are concentrated in commercial real estate only, where demand is still there. In the residential real estate, he said, as demand has dwindled, developers are going slow in launching new projects.
  
As inflation is rising to touch 12%, bankers feel that RBI is likely to take measures that will push interest rate further up. If that happens, a banker said, the affordability factor will be affected very badly. This will have a direct bearing on demand for residential real estate. This will also impact the construction activities in the country.
  
Any slowdown in the construction activities will affect the future supply of the residential units. However, as demand for the commercial real estate continues to be good, the requirement for residential units will also be felt soon.
  
The consultant said that if the interest rate goes further up from here, the investors will feel the pinch. As their EMI goes further up, they would like to exit from their investments in real estate sector. This will increase the supply of the residential units, putting downward pressure on their prices.
  
Therefore, a consultant feels that this could be a good time for the end users to buy their sweet home. He said that it is unlikely that developers will bring down the prices of their products as this would result in a loss making proposition. He said that developers would be forced to bring down their prices only if the authorities, which own most of the land, cut land prices. He said that this would be possible if the downturn in the sector continues for a long period. But at present, it is felt that the present downturn is a temporary blip and the sector will revive as soon as inflation is brought down and interest rates come down. But, that will see the sudden jump in the real estate prices also. Therefore, the end users, consultants and bankers feel, should take advantage of current downturn in the property prices. At present, if you borrow at floating interest rate, you will have to pay high EMI as the rates are high. But, if the interest rate falls, your EMI will also come down.                                                            Courtesy:- ET dtd:- July 25, 2008 

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

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

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

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

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

  

Parsvnath developers' ltd. has announced to construct "Knowledge City" in Haryana at Panchkula to be made ready based on publia & private partnership between entrepreneur Sabir Bhatia and Haryana Government, the name of this city will be "Parsvnath Nano City." Having 38% partnership in this 50,000 crore project, parsvnath will spend Rs 400 crores. Haryana Govt. will have 10% and sabir will have 52% partnership. This project will be completed within a period of ten years. The company will develop 5000 acres out of 11000 acres in the first phase

 

 Pushpanjali group has brought a residential project at birth place of Krishna in vrindaban in the name of "pushpanjali baikunth, six hundred luxury homes shall be constructed in it in an area of 110 acres. People would be able to live in luxury duplex villas alongwith all modern facilities of this project situated near the world famous iskon and bankey behari temple. Here meditation and yoga center, naturopathy, gaushala, gurukul, preaching/ satsang bhawan, musical fountain and nature’s best scenes such as peace giving thing to the heart shall be available. . 

  In this historic land of Rajasthan, Narayan Group has been pioneering a silent revolution. Rajasthan's largest private township developer, Narayan has to its credit, instilling of the concept of private townships in the region and living spaces that are profoundly influencing the way people would live in future. With over hundred million square feet of land under various stages of development, and 20000 satisfied families the group has a resounding leadership status in the region. All its projects have struck the vital balance between closeness to nature and modern and contemporary lifestyle. Its existing projects — Narayan Vihar, Narayan City, Narayan Sarovar, Narayan Garden Residency, Narayan Infinity and Narayan Industrial Estate — carry this unique signature.  Courtesy:- HT dtd:- July 11, 2008

   International Land Developers Ltd. (ILD) & Millennium Spire Ltd. (MSL) have joined hands together to create an architectural wonder — ILD Spire Greens. The project is ideally located at Sec-37C, Gurgaon, the most enviable and prestigious residential project in the Capital's neighborhood with 82% greenery to maintain harmony with nature.    If you are the type who prefers the company of like minded people, there are 2-4, bedroom apartments with an area ranging from 1175 sq ft to 3450 sq. ft. & penthouses with an area of 5200 sq. ft. to choose from which combine modern design and stylish elegance. Designed by a collaborative effort by Europe & India's renowned architects BDP Groupe 6, (France) Ajoy Choudhury & Associates and Abaxial Architects, ILD Spire Greens is being planned to match international living standards. So, come and dwell in a place where life blends with the symphony of elegance.                                                                                           Courtesy: TOI dtd:- July 11, 2008

  G9 Ccolonizers and Developers Pvt Ltd is Rajasthan's fast emerging housing developer that everyone wants to be associated with. Considering the housing problems in Jaipur and Udaipur, G9 have started housing development plans in these cities. These projects have become the first choice for the people in "The Pink City" and "The City of Lakes". The project in Jaipur known as "Manokamna" aims in fulfilling the housing requirements and is getting more and more popular day after day among the people. Another project, "Manokamna Lake City" in Udaipur aims to provide similar requirements to the people there. Khetendra Sharma, one of the directors of G9, states that they have designed the projects in such a way that it meets the requirements of the upper and lower middle class families in Rajasthan. G9 provides low cost housing and helps out its buyers with easy installments or low EMI.                                                                                         Courtesy: TOI dtd:- July 11, 2008

  Kumar Linkers, an emerging name as an elite developer in NCR, has presence in the real estate since 1993. With a humble beginning as a real estate consultant, Kumar Linkers has diversified into the development business to provide quality residential and commercial properties at per the demand of the market. Today Kumar Linkers have several lifestyle housing projects namely Golf Greens, Crossing Republik, NH-24, Ghaziabad, Garden Greens, Crossing Republik, NH-24, Ghaziabad and Kumar Greens, Delhi Road, Meerut.                                                                                                                                                                                                      Courtesy:- HT dtd:- July 11, 2008

 

 Mahalaxmi Group (an ISO 9001-2000) has been rendering quality service for the last seven years by providing the best services in residential plots, flats, villas, farm houses and township projects. Its service is spreading in Delhi & NCR, Jaipur, Mumbai, Dehradoon, Hairdwar and also in Chandigarh. Investor's satisfaction and profit is its motto and presents the best option for your investment. Mahalaxmi Groups is a professionally managed organization, where a pool of expert - engineers, planners, architects and skilled manpower unite to attain unparalled excellence in the real estate sector.                                                                                Courtesy:- HT dtd:- July 11, 2008

  With over 5 decades of rich experience in various domains of infrastructural development like education, steel and publication the Garg group, has stretched its arms in the real estate sector by introducing Landcraft Developers. Under the leadership of Manu Garg, Landcraft Developers is advancing at a fast pace to be one of the most creative, innovative and lustrous residential and commercial developers in the country. An ISO 9001:2000 listed company; Landcraft Developers specializes in providing cost effective and holistic solutions to the Real Estate & Construction world. Landcraft Developer's innovative projects are symbols of "Reliability with High Standard Quality" undertaken with extensive research-led engineering, design and construction experiences with strong observance to ethical business practices.                                                                                       Courtesy:- HT dtd:- July 11, 2008

  A luxury home was always a dream for the future. Ashiana is making it a thing of today. With the launch of Ashiana Le Residency, luxury homes are now available within an affordable budget of Rs. 28 lakhs starting. Now, the day you move into luxury is not far away. And nor is the distance. Ashiana Le Residency is just 15 minutes from Indirapuram, located at the Golf Links City on NH-24, Ghaziabad. This rare combination of luxury at low price can only come from Ashiana's who specializes in building homes for the middle class segment. Like all Ashiana projects, Le Residency holds the assured promise of quality living and handsome appreciation.  Courtesy: - HT dtd: - July 11, 2008