Land Developers are going to construct township in Ghaziabad named “Golf Link”. This announcement was made recently on the occasion of Land craft open Golf tournament in Army golf club. During this tournament, Lt. General M.L. Naidu, Dy chief of Army and Land craft Director Manu Gupta gave a green signal to this project at NH-24. All modern facilities like condominium, commercial centre, school, hospital and swimming pool shall be provided in this project.
www.zameen-zaidad.com
Spec system Ltd. has prepared new software to maintain all records related to land. It has been named as “Specadester land Records Management System”. Spec System’s MD KC Kumar told that this system can be licenses will be restricted to the numbers of government surveyors available in as area.
www.zameen-zaidad.com
Monday, March 31, 2008
Land craft in Ghaziabad & Land Records Management System.
Unitech in Gurgaon.& School in Township
Unitech Builders have presented a residential project “Lake lands” at NH-8 Gurgaon. Spread over 272 acres amidst beautiful landscape, 246 luxury villas shall be constructed in this project. To provide more options, these 5800 to 6800 sq.ft. Built-up area villas shall be constructed in five designs. In addition to water feature, a nine whole golf course is being also constructed in this project.
Real estate company Ansal API have entered into an agreement with education company “Educomp Solutions” under this agreement API group company Knowledge free Infrastructure Ltd. (KTIL) shall construct schools at those places where company is already constructing a project. Ansal API has constructed 16 townships. These schools shall be constructed in the same. Construction of these schools, first of all is expected commence at Lucknow, Jaipur and Panipat. Thereafter company of Educomp –Edu India Ltd. (EIPT) will talk to various trusts to run these schools.
www.zameen-zaidad.com
Real estate company Ansal API have entered into an agreement with education company “Educomp Solutions” under this agreement API group company Knowledge free Infrastructure Ltd. (KTIL) shall construct schools at those places where company is already constructing a project. Ansal API has constructed 16 townships. These schools shall be constructed in the same. Construction of these schools, first of all is expected commence at Lucknow, Jaipur and Panipat. Thereafter company of Educomp –Edu India Ltd. (EIPT) will talk to various trusts to run these schools.
www.zameen-zaidad.com
Friday, March 28, 2008
TIVOLI HOLIDAY VILLAGE NEAR DHARUHERA
Tivoli Group has launched a residential Holiday village with fully furnished designer holiday homes just 20 minutes from Gurgaon in Dharuhera. Tivoli holiday village is a preeminent holiday destination closest to the national capital region. It offers a hospitality setting for exploring a holiday experience.
The facilities have been developed by using Spanish Hacienda archetype brilliance. The village will have fully furnished apartments with Italian furniture, fully loaded kitchens, ACs, etc. The project will offer studio apartments, 1- to 3 bedroom apartments of 656 to 1,550 sq. ft. there will also be 2-3 and 4 bedroom penthouses of 1,935 to 2,720 sq ft. The price of the studio apartments is Rs. 26 Lakh, and the 1-3 bedroom apartments are for Rs. 34 lakh to 62 lakh. The penthouses start at Rs. 77.50 lakh and go as high as Rs. 1.10 crore.
The total land area of the project is 8 acres and comprises 536 units including villas, two and three bedroom apartments and penthouses.
The facilities have been developed by using Spanish Hacienda archetype brilliance. The village will have fully furnished apartments with Italian furniture, fully loaded kitchens, ACs, etc. The project will offer studio apartments, 1- to 3 bedroom apartments of 656 to 1,550 sq. ft. there will also be 2-3 and 4 bedroom penthouses of 1,935 to 2,720 sq ft. The price of the studio apartments is Rs. 26 Lakh, and the 1-3 bedroom apartments are for Rs. 34 lakh to 62 lakh. The penthouses start at Rs. 77.50 lakh and go as high as Rs. 1.10 crore.
The total land area of the project is 8 acres and comprises 536 units including villas, two and three bedroom apartments and penthouses.
GROWTH INDICATORS IN FARIDABAD
The Transport Plan 2021 for NCR has the following proposals involving Faridabad-Bhallabgarh
Proposal to develop the NH2 from Delhi to Ballabgarh to expressway standards
Proposal to connect peripheral expressways, of which the Kundli-ManesarPalwal (KMP) western peripheral expressway and the Kundli-Ghaziabad-Palwal (KGP) eastern expressway are located closest to Faridabad-Ballabgarh
The Metro Rail to be ex tended and to have feeder and connect services with the Regional Rail Transit System to cater to the increasing intra-city urban transport needs
Flyover at Badarpuronce the congestion at the Badarpur border is removed many corporates will take up office space in Faridabad, given the high rates in Jasola
The Taj Expressway will touch the city at Lalpur and go on to meet NH-2 at Shahpur. The completion of this stretch will improve Faridabad's connectivity with NOIDA
Another highway is planned which will start from Kalindi Kunj, run parallel to Mathura Road, and bypass the city. This highway will contain all the new sectors, and will merge with the Mathura Road on the other side of Faridabad, again acting as a catalyst to property rates
The three-laning of the Faridabad-Gurgaon road, the widening of the Surajkund road and repairs of all the main and internal roads in the sectors will provide an impetus to realty growth
Proposal to develop the NH2 from Delhi to Ballabgarh to expressway standards
Proposal to connect peripheral expressways, of which the Kundli-ManesarPalwal (KMP) western peripheral expressway and the Kundli-Ghaziabad-Palwal (KGP) eastern expressway are located closest to Faridabad-Ballabgarh
The Metro Rail to be ex tended and to have feeder and connect services with the Regional Rail Transit System to cater to the increasing intra-city urban transport needs
Flyover at Badarpuronce the congestion at the Badarpur border is removed many corporates will take up office space in Faridabad, given the high rates in Jasola
The Taj Expressway will touch the city at Lalpur and go on to meet NH-2 at Shahpur. The completion of this stretch will improve Faridabad's connectivity with NOIDA
Another highway is planned which will start from Kalindi Kunj, run parallel to Mathura Road, and bypass the city. This highway will contain all the new sectors, and will merge with the Mathura Road on the other side of Faridabad, again acting as a catalyst to property rates
The three-laning of the Faridabad-Gurgaon road, the widening of the Surajkund road and repairs of all the main and internal roads in the sectors will provide an impetus to realty growth
Thursday, March 27, 2008
REAL DESTINATION - FARIDABAD- HIGH ON REALTY
WITH COMMERCIAL AND RENTAL SPACES ON THE VERGE OF SATURATION AND LAND PRICES INCREASING PHENOMENALLY IN GURGAON AND OTHER AREAS IN THE NCR, FARIDABAD IS GOING TO BE THE NEXT 'HAPPENING' DESTINATION
Once again Faridabad is in the news. Grandiose plans for infrastructure development in the area are sure to put the city on the growth highway just like Gurgaon and Noida.
The main reason behind the growth of this town nestled in the Aravalli hills is the land crunch and sky rocketing prices in the adjoining areas. Further, there is a proposal to develop the NH2 to expressway standards from Delhi to Ballabgarh under the Transport Plan 2021 for the NCR. Yet another highway is planned from Kalindi Kunj that will run parallel to the Mathura Road and bypass the city. The three-laning of the Faridabad-Gurgaon road, the widening of the Surajkund Road and repairs of all the main and internal roads in the sector will also provide an impetus to the area.
The city is conveniently located. It is just 25 km from the capital and enjoys proximity to other NCR towns such as Greater Noida and Gurgaon. It is due to these factors that several real estate developers have swarmed into the city. The new kid on the block is the Naharpar area (Sector 86) or Greater Faridabad. The price of land in the Naharpar sectors is around Rs. 14,000 per sq. yd., in Sector 21C it is around Rs. 21,000 per sq. yd. and in Sector 46 it ranges from Rs. 19,000 and Rs. 21,0000 per sq. yd. Among the sectors that have tremendous potential are Sectors 88 and 89 as they will be close to the two future highways.
The upcoming infrastructure in and around Faridabad will help develop it into a world class city This will . include the nearby Taj Expressway (which will be near Sector 80), and a highway from Kalindi Kunj running parallel to the Mathura Road. "After Gurgaon we are now focusing on the development of Faridabad. We are planning one new bypass for which we are acquiring land. People going towards Agra can now use this by pass to go through Surajkund and directly reach the National Highway (across Sector 58, 59). We are also widening the existing bypass at Sector 37 at a cost of Rs. 118 crore that will include the construction of one flyover," says T. C. Gupta, Chief Administrator, HUDA, adding that Sector 75 near the Agra canal is going to be the next commercial hub for Faridabad. If officials are to be believed then the greening of the place is also going to be taken care of. "We have reserved the entire Sector 52 A in Gurgaon as a green area and we are also taking care of the greening of Faridabad," Gupta adds.
According to the Marketing Head (Faridabad Project), Ansal Buildwell Ltd., Ranjeev Kalia, "Access will be smooth once the Badarpur flyover is complete and the construction of the Metro by 2009 will make property prices touch the sky." With the freight corridor and an HSIIDC's commercial hub being planned in the vicinity (the catchment area being Faridabad), the place is all set to become a realty hotbed. Also, with more than 40 malls under construction, the area is all set to develop into a shopping paradise.
Points out Avneesh Sood, Director, Eros Group, "One can witness changes in the form of new sectors (with public and private sector partnership) coming up; the setting up of new institutional sectors; changes in the skyline thanks to the new urban development policy, construction of new high-tech electronic and communication units and IT Parks; and better road and transport facilities." Besides, the industrial city (with about 300 large and 10,000 small-scale industries under its belt) that has always been under-priced, is now all set to change. It not only has swanky residential units but several commercial projects in various stages of completion. The locality will shoot into prominence once the planned flyover at the Badarpur border is complete. With the area getting decongested, corporates will move towards Faridabad given the high rates in Jasola. Rakesh Gupta, Managing Director, RPS Group, points out, "The initiatives taken by the Haryana Government have also ensured that the industrial city will reap the prospects of economic growth and that the real estate boom transforms its skyline."
Says Sanjay Mathur, Head (Marketing), Pearls Infrastructure Projects Pvt. Ltd., "Faridabad is one vast virgin tract that has opened up for development in recent times. With commercial and rental spaces on the verge of saturation and land prices increasing phenomenally in Gurgaon and other areas in the NCR, Faridabad is going to be the next `happening' destination."
Property and real estate prices in Faridabad have already shot up. Despite doubts about delivery time and the state of the infrastructure, it cannot be ruled out that once completed (may be in five years time), property in Greater Faridabad will ¦ be a prized possession.
Once again Faridabad is in the news. Grandiose plans for infrastructure development in the area are sure to put the city on the growth highway just like Gurgaon and Noida.
The main reason behind the growth of this town nestled in the Aravalli hills is the land crunch and sky rocketing prices in the adjoining areas. Further, there is a proposal to develop the NH2 to expressway standards from Delhi to Ballabgarh under the Transport Plan 2021 for the NCR. Yet another highway is planned from Kalindi Kunj that will run parallel to the Mathura Road and bypass the city. The three-laning of the Faridabad-Gurgaon road, the widening of the Surajkund Road and repairs of all the main and internal roads in the sector will also provide an impetus to the area.
The city is conveniently located. It is just 25 km from the capital and enjoys proximity to other NCR towns such as Greater Noida and Gurgaon. It is due to these factors that several real estate developers have swarmed into the city. The new kid on the block is the Naharpar area (Sector 86) or Greater Faridabad. The price of land in the Naharpar sectors is around Rs. 14,000 per sq. yd., in Sector 21C it is around Rs. 21,000 per sq. yd. and in Sector 46 it ranges from Rs. 19,000 and Rs. 21,0000 per sq. yd. Among the sectors that have tremendous potential are Sectors 88 and 89 as they will be close to the two future highways.
The upcoming infrastructure in and around Faridabad will help develop it into a world class city This will . include the nearby Taj Expressway (which will be near Sector 80), and a highway from Kalindi Kunj running parallel to the Mathura Road. "After Gurgaon we are now focusing on the development of Faridabad. We are planning one new bypass for which we are acquiring land. People going towards Agra can now use this by pass to go through Surajkund and directly reach the National Highway (across Sector 58, 59). We are also widening the existing bypass at Sector 37 at a cost of Rs. 118 crore that will include the construction of one flyover," says T. C. Gupta, Chief Administrator, HUDA, adding that Sector 75 near the Agra canal is going to be the next commercial hub for Faridabad. If officials are to be believed then the greening of the place is also going to be taken care of. "We have reserved the entire Sector 52 A in Gurgaon as a green area and we are also taking care of the greening of Faridabad," Gupta adds.
According to the Marketing Head (Faridabad Project), Ansal Buildwell Ltd., Ranjeev Kalia, "Access will be smooth once the Badarpur flyover is complete and the construction of the Metro by 2009 will make property prices touch the sky." With the freight corridor and an HSIIDC's commercial hub being planned in the vicinity (the catchment area being Faridabad), the place is all set to become a realty hotbed. Also, with more than 40 malls under construction, the area is all set to develop into a shopping paradise.
Points out Avneesh Sood, Director, Eros Group, "One can witness changes in the form of new sectors (with public and private sector partnership) coming up; the setting up of new institutional sectors; changes in the skyline thanks to the new urban development policy, construction of new high-tech electronic and communication units and IT Parks; and better road and transport facilities." Besides, the industrial city (with about 300 large and 10,000 small-scale industries under its belt) that has always been under-priced, is now all set to change. It not only has swanky residential units but several commercial projects in various stages of completion. The locality will shoot into prominence once the planned flyover at the Badarpur border is complete. With the area getting decongested, corporates will move towards Faridabad given the high rates in Jasola. Rakesh Gupta, Managing Director, RPS Group, points out, "The initiatives taken by the Haryana Government have also ensured that the industrial city will reap the prospects of economic growth and that the real estate boom transforms its skyline."
Says Sanjay Mathur, Head (Marketing), Pearls Infrastructure Projects Pvt. Ltd., "Faridabad is one vast virgin tract that has opened up for development in recent times. With commercial and rental spaces on the verge of saturation and land prices increasing phenomenally in Gurgaon and other areas in the NCR, Faridabad is going to be the next `happening' destination."
Property and real estate prices in Faridabad have already shot up. Despite doubts about delivery time and the state of the infrastructure, it cannot be ruled out that once completed (may be in five years time), property in Greater Faridabad will ¦ be a prized possession.
Wednesday, March 26, 2008
COMMERCIAL SPACE MORE GAINFUL
INVESTMENT IN COMMERCIAL SPACE WILL FETCH YOU BETTER RETURNS THAN THOSE MADE IN RESIDENTIAL REAL ESTATE DUE TO THE SEALING DRIVE INITIATED IN DELHI. SARTHAK REPORTS
The widespread sealing drive and also the uncertainty attached to this whole unsavory issue in the recent times have a flipside too. It has changed the fortunes of many commercial properties in a big way. The current scenario is there is more than one buyer for such space. This is also true for the rental market. Surprisingly, most buyers considered such spaces as just not worth taking in the past. Their value rarely appreciated, if ever. If the real estate experts are to be believed, the major reason for sudden rise in commercial spaces is the sealing issue. It is a different matter that people are buying commercial spaces even in big cities as well as in Tier-II and -III cities also.
All said and done, value of authorized commercial properties has seen a sharp rise. Lets us first survey the East Delhi market. Commercial places in Sainik Enclave, Karkardooma and Dilshad Garden are witnessing a massive spurt in demand. According to Sandeep Juneja of Ambuja Construction Company, who has been following this particular trend, those who own spaces are really minting money. If you have office space as small as 10 ft by 6 ft on the ground floors with additional 6 ft by 6 ft space on the roof for antenna purpose, then you can easily rent that space to any bank to start their ATM.
Currently, banks are paying a cool Rs 40 thousand every month. Banks generally take ATM space between 3 and 5 years. They can extend the period as well.
Rent is hiked by 10% every three years. Commercial space scene looks very bright also, due to the fact that many noted companies like Essar, Nokia, Aditya Birla group, Subhiksha, Titan and others have started their own stores.
They are hiring space and paying hefty monthly rentals. Many other firms also look out for proper space so that they can start their own store or offices. They are paying generous rents. For instance, Nokia is paying staggering Rs 60,000 per month for their store, Hotspot, in Vivek Vihar market. The store, 10 ft by 6ft, is in a decent locality, while they are paying double this amount in Vikas Marg, for the same space.
Devender Gupta, CMD, real estate consultancy Century 21 is also of the view that those who are thinking on the lines of buying property for investment purpose, should consider buying commercial properties. They would fetch investors a better rental income than the residential one, any day, he says.
It is high time that people go for them rather than purchasing residential space. According to Gupta, there is an old formula for commercial rental income - that it should be one per cent of the total cost of the property on per-month basis. For example, if your commercial space is worth Rs 30 lakhs, then it should give you the monthly rent of Rs 30,000. One cannot expect this much of returns on residential properties. A senior journalist working for a newspaper purchased a 10 ft by 6 ft commercial space in IP Extension, after taking VRS. This property cost him close to Rs 6 lakh, four years back.
Although, he could not find a tenant for nearly two years, now he is getting a rent of Rs 12,000. Moreover, the value is also climbing up faster than he expected. This proved to be a smart investment for him, and he now regrets not buying one more such property. Those who follow the real estate scene of the capital know for sure that commercial spaces in community centres, situated in almost all housing blocks, have taken a huge upward swing in the recent years. The rentals in C block community centre of Janakpuri are also witnessing a remarkable upswing. The current rentals are Rs 4-5,000 per sq feet per annum, compared to not more than Rs 1500 per sq feet per annum, almost two years ago. Identical rentals are also prevailing in commercial spaces in Azadpur area.
Manu Garg, CMD of Land Craft Builders has a word of advice for all those who are planning to buy something for investment purpose. Says Manu Garg: I feel that those with a budget of Rs 40 lakh, or above, should consider commercial space for investment purpose in the NCR.
Courtesy: - ET, dtd: 25th March 2008
The widespread sealing drive and also the uncertainty attached to this whole unsavory issue in the recent times have a flipside too. It has changed the fortunes of many commercial properties in a big way. The current scenario is there is more than one buyer for such space. This is also true for the rental market. Surprisingly, most buyers considered such spaces as just not worth taking in the past. Their value rarely appreciated, if ever. If the real estate experts are to be believed, the major reason for sudden rise in commercial spaces is the sealing issue. It is a different matter that people are buying commercial spaces even in big cities as well as in Tier-II and -III cities also.
All said and done, value of authorized commercial properties has seen a sharp rise. Lets us first survey the East Delhi market. Commercial places in Sainik Enclave, Karkardooma and Dilshad Garden are witnessing a massive spurt in demand. According to Sandeep Juneja of Ambuja Construction Company, who has been following this particular trend, those who own spaces are really minting money. If you have office space as small as 10 ft by 6 ft on the ground floors with additional 6 ft by 6 ft space on the roof for antenna purpose, then you can easily rent that space to any bank to start their ATM.
Currently, banks are paying a cool Rs 40 thousand every month. Banks generally take ATM space between 3 and 5 years. They can extend the period as well.
Rent is hiked by 10% every three years. Commercial space scene looks very bright also, due to the fact that many noted companies like Essar, Nokia, Aditya Birla group, Subhiksha, Titan and others have started their own stores.
They are hiring space and paying hefty monthly rentals. Many other firms also look out for proper space so that they can start their own store or offices. They are paying generous rents. For instance, Nokia is paying staggering Rs 60,000 per month for their store, Hotspot, in Vivek Vihar market. The store, 10 ft by 6ft, is in a decent locality, while they are paying double this amount in Vikas Marg, for the same space.
Devender Gupta, CMD, real estate consultancy Century 21 is also of the view that those who are thinking on the lines of buying property for investment purpose, should consider buying commercial properties. They would fetch investors a better rental income than the residential one, any day, he says.
It is high time that people go for them rather than purchasing residential space. According to Gupta, there is an old formula for commercial rental income - that it should be one per cent of the total cost of the property on per-month basis. For example, if your commercial space is worth Rs 30 lakhs, then it should give you the monthly rent of Rs 30,000. One cannot expect this much of returns on residential properties. A senior journalist working for a newspaper purchased a 10 ft by 6 ft commercial space in IP Extension, after taking VRS. This property cost him close to Rs 6 lakh, four years back.
Although, he could not find a tenant for nearly two years, now he is getting a rent of Rs 12,000. Moreover, the value is also climbing up faster than he expected. This proved to be a smart investment for him, and he now regrets not buying one more such property. Those who follow the real estate scene of the capital know for sure that commercial spaces in community centres, situated in almost all housing blocks, have taken a huge upward swing in the recent years. The rentals in C block community centre of Janakpuri are also witnessing a remarkable upswing. The current rentals are Rs 4-5,000 per sq feet per annum, compared to not more than Rs 1500 per sq feet per annum, almost two years ago. Identical rentals are also prevailing in commercial spaces in Azadpur area.
Manu Garg, CMD of Land Craft Builders has a word of advice for all those who are planning to buy something for investment purpose. Says Manu Garg: I feel that those with a budget of Rs 40 lakh, or above, should consider commercial space for investment purpose in the NCR.
Courtesy: - ET, dtd: 25th March 2008
FLOORS PRICE OF RS 675 CR FOR RLYS SARAI ROHILLA LAND
The Railways much-awaited commercial development plan for surplus land is set to begin in the second week of April. Delhi's Sarai Rohilla, one of the 10 sites selected for commercial development in the first phase on public private partnership basis, will go under hammer on April 11. Eight bidders are in the race for the about 25 acres of the prime Railway land in Sarai Rohilla. The reserve price for the bidding is fixed at Rs 675 crore.
Besides the reserve price, the developer has to renovate 750 Railway quarters near the site as part of the development agreement. The highest bidder will develop a group housing complex complete with all modern facilities including shopping complex and health services, said a Railway official.
After Sarai Rohilla, the next bidding will be for Nirala Nagar land in Kanpur, the official said. The 10 sites are located in Delhi, Kanpur, Gwalior, Vizag, Kolkata, and Bangalore. The feasibility study report for commercial development of the 10 sites spread over 265 acres of land has been submitted to the Rail Land Development Authority (RLDA).
Courtesy: - ET, dtd: 21st March 2008
Besides the reserve price, the developer has to renovate 750 Railway quarters near the site as part of the development agreement. The highest bidder will develop a group housing complex complete with all modern facilities including shopping complex and health services, said a Railway official.
After Sarai Rohilla, the next bidding will be for Nirala Nagar land in Kanpur, the official said. The 10 sites are located in Delhi, Kanpur, Gwalior, Vizag, Kolkata, and Bangalore. The feasibility study report for commercial development of the 10 sites spread over 265 acres of land has been submitted to the Rail Land Development Authority (RLDA).
Courtesy: - ET, dtd: 21st March 2008
Tuesday, March 25, 2008
FLOORS PRICE OF RS 675 CR FOR RLYS SARAI ROHILLA LAND
The Railways much-awaited commercial development plan for surplus land is set to begin in the second week of April. Delhi's Sarai Rohilla, one of the 10 sites selected for commercial development in the first phase on public private partnership basis, will go under hammer on April 11. Eight bidders are in the race for the about 25 acres of the prime Railway land in Sarai Rohilla. The reserve price for the bidding is fixed at Rs 675 crore.
Besides the reserve price, the developer has to renovate 750 Railway quarters near the site as part of the development agreement. The highest bidder will develop a group housing complex complete with all modern facilities including shopping complex and health services, said a Railway official.
After Sarai Rohilla, the next bidding will be for Nirala Nagar land in Kanpur, the official said. The 10 sites are located in Delhi, Kanpur, Gwalior, Vizag, Kolkata, and Bangalore. The feasibility study report for commercial development of the 10 sites spread over 265 acres of land has been submitted to the Rail Land Development Authority (RLDA).
Courtesy: - ET, dtd: 21st March 2008
Besides the reserve price, the developer has to renovate 750 Railway quarters near the site as part of the development agreement. The highest bidder will develop a group housing complex complete with all modern facilities including shopping complex and health services, said a Railway official.
After Sarai Rohilla, the next bidding will be for Nirala Nagar land in Kanpur, the official said. The 10 sites are located in Delhi, Kanpur, Gwalior, Vizag, Kolkata, and Bangalore. The feasibility study report for commercial development of the 10 sites spread over 265 acres of land has been submitted to the Rail Land Development Authority (RLDA).
Courtesy: - ET, dtd: 21st March 2008
GURGAON-MANESAR NEW MASTER PLAN
Gurgaon-Manesar Urban complex Plan 2021 will offer another 33,726 hectare of land for development. This will make it a new growth centre for the NCR. Harinder Singh of Realistic Realtor said that the new master plan will make 14,930 hectare of land available for residential and 1,404 hectare of land for commercial development. The new master plan will cater to 37 lakh people. According to the Gurgaon-Manesar plan, Singh said, 58 more sectors will be developed in addition to the existing 57, taking the number of sectors to 115.
The plan has already generated intense interest in the property market, which may further boost the real estate activity in the region, said Singh. Another impact of the master plan is that the introduction of new sectors means more supply which will keep the prices under control, he said. So far, property developers were only concentrating their attention on high-end housing. With availability of more land, they can focus on middle and lower segments as well, Harinder Singh said. Raheja Group has proposed three group housing projects under the Gurgaon-Manesar Master Plan to be built over 48 acres. A number of other major groups planning to launch projects in the area are Emaar-MGF, DLF, Unitech and Ansal API. The prevailing residential rates in proposed projects of Raheja Group in Manesar range between Rs 1,900-2,200/sq ft.
With initiatives of the Haryana Government, Gurgaon is likely to become a major hub of special economic zones (SEZ) also. A large number of SEZs have been proposed by Reliance Industries, DLF and Unitech in the area.
Gurgaon-Manesar New Master Plan 2021 Projected Population in 2021: 37 lakh Residential area : 14,930 hectare Industrial area: 5,441 hectare Commercial area : 1,404 hectare Special Economic Zones (SEZs) : 4,570 hectare Expected water Demand: 390 cusec Two Mass Rapid Transit system corridors up to Manesar along Dwarka and Mehrauli Stretch
Courtesy:ET dated. 21-03-08
The plan has already generated intense interest in the property market, which may further boost the real estate activity in the region, said Singh. Another impact of the master plan is that the introduction of new sectors means more supply which will keep the prices under control, he said. So far, property developers were only concentrating their attention on high-end housing. With availability of more land, they can focus on middle and lower segments as well, Harinder Singh said. Raheja Group has proposed three group housing projects under the Gurgaon-Manesar Master Plan to be built over 48 acres. A number of other major groups planning to launch projects in the area are Emaar-MGF, DLF, Unitech and Ansal API. The prevailing residential rates in proposed projects of Raheja Group in Manesar range between Rs 1,900-2,200/sq ft.
With initiatives of the Haryana Government, Gurgaon is likely to become a major hub of special economic zones (SEZ) also. A large number of SEZs have been proposed by Reliance Industries, DLF and Unitech in the area.
Gurgaon-Manesar New Master Plan 2021 Projected Population in 2021: 37 lakh Residential area : 14,930 hectare Industrial area: 5,441 hectare Commercial area : 1,404 hectare Special Economic Zones (SEZs) : 4,570 hectare Expected water Demand: 390 cusec Two Mass Rapid Transit system corridors up to Manesar along Dwarka and Mehrauli Stretch
Courtesy:ET dated. 21-03-08
Monday, March 24, 2008
GURGAON/MANESAR
Gurgaon has witnessed an unprecedented growth in the last 10 years following the IT and ITES revolution in the country. It has emerged as India's outsourcing capital. It has become such a popular destination for the commercial real estate that the rentals here have gone up almost three fold in the last three years -from Rs 40 per square feet/month to Rs 120 per square feet/month at present. Most of the supply in pipeline for the next two years in the commercial space is already booked.
Gurgaon is also known for the retail boom. Some of the prominent established and upcoming retail malls in Gurgaon are Sahara Mall, MGF Mall, DT Mall, Ambi Mall and DLFs Regent Mall. Apart from these, the MD of a real estate consultancy firm, Harinder Singh, says that another 20 odd malls are at various stages of constructions in Gurgaon on Golf course Road, Sohna and MG Road.
Gurgaon and Manesar will account for 20% or 39.08 mn sq ft of the upcoming residential supply till 2009-10.
Gurgaon-Sohna Road and Golf Course Road are the locations where maximum residential supply is projected to come up. Courtesy:ET dated. 21-03-08
Sunday, March 23, 2008
RESIDENTIAL SECTOR: DRIVING THE REALTY
THE INCREASE IN THE OFFICE SPACE IN NATIONAL CAPITAL REGION HAS BEEN TRANSLATING INTO A QUANTUM LEAP IN NEW JOBS AND THE ASSOCIATED BOOM IN HOUSING SECTOR
The National Capital Region has emerged as one of the most important destinations for information technologies (IT) and IT enabled services (ITES) in the country. It has also emerged as an important financial hub. In 2007, according to global consultancy firm DTZ, around 13.2 million sq ft office space will be absorbed in the NCR by various enterprises. That means an additional 1.50 lakh jobs will be created in the city. Even if a fraction of the new job-entrants go for new houses, there will be a massive surge in demand for residential units across the city.
The NCR is spread over an area of 33,578 sq kms covering the states of Haryana, Rajasthan, Uttar Pradesh and the National Capital Territory of Delhi. Besides Delhi, the real estate development is taking place in neighbouring areas like Ghaziabad, Indirapuram, Noida, Greater Noida, Faridabad, Sonipat, Panipat, Gurgaon, Manesar, Dharuhera, Bhiwadi, Rohtak, Meerut, Bulandshahr.
Extension of Delhi Metro up to Gurgaon and Noida by 2010, six-laning of National Highways to Jaipur, widening of other highways to Hapur and Dehradun have provided further impetus to the real estate development in the region. Modernization of the existing Indira Gandhi international Airport and construction of a new proposed international airport in Greater Noida will further boost the activities.
Because of the limited supply of real estate in main Delhi, the construction activities spilled over to other areas, where the prices were low. The development went first from Delhi to Gurgaon, and then Noida.
Courtesy:ET dated. 21-03-08
GURGAON/MANESAR
Gurgaon has witnessed an unprecedented growth in the last 10 years following the IT and ITES revolution in the country. It has emerged as India's outsourcing capital. It has become such a popular destination for the commercial real estate that the rentals here have gone up almost three fold in the last three years -from Rs 40 per square feet/month to Rs 120 per square feet/month at present. Most of the supply in pipeline for the next two years in the commercial space is already booked.
Gurgaon is also known for the retail boom. Some of the prominent established and upcoming retail malls in Gurgaon are Sahara Mall, MGF Mall, DT Mall, Ambi Mall and DLFs Regent Mall. Apart from these, the MD of a real estate consultancy firm, Harinder Singh, says that another 20 odd malls are at various stages of constructions in Gurgaon on Golf course Road, Sohna and MG Road.
Gurgaon and Manesar will account for 20% or 39.08 mn sq ft of the upcoming residential supply till 2009-10.
Gurgaon-Sohna Road and Golf Course Road are the locations where maximum residential supply is projected to come up.
Courtesy:ET dated. 21-03-08
The National Capital Region has emerged as one of the most important destinations for information technologies (IT) and IT enabled services (ITES) in the country. It has also emerged as an important financial hub. In 2007, according to global consultancy firm DTZ, around 13.2 million sq ft office space will be absorbed in the NCR by various enterprises. That means an additional 1.50 lakh jobs will be created in the city. Even if a fraction of the new job-entrants go for new houses, there will be a massive surge in demand for residential units across the city.
The NCR is spread over an area of 33,578 sq kms covering the states of Haryana, Rajasthan, Uttar Pradesh and the National Capital Territory of Delhi. Besides Delhi, the real estate development is taking place in neighbouring areas like Ghaziabad, Indirapuram, Noida, Greater Noida, Faridabad, Sonipat, Panipat, Gurgaon, Manesar, Dharuhera, Bhiwadi, Rohtak, Meerut, Bulandshahr.
Extension of Delhi Metro up to Gurgaon and Noida by 2010, six-laning of National Highways to Jaipur, widening of other highways to Hapur and Dehradun have provided further impetus to the real estate development in the region. Modernization of the existing Indira Gandhi international Airport and construction of a new proposed international airport in Greater Noida will further boost the activities.
Because of the limited supply of real estate in main Delhi, the construction activities spilled over to other areas, where the prices were low. The development went first from Delhi to Gurgaon, and then Noida.
Courtesy:ET dated. 21-03-08
GURGAON/MANESAR
Gurgaon has witnessed an unprecedented growth in the last 10 years following the IT and ITES revolution in the country. It has emerged as India's outsourcing capital. It has become such a popular destination for the commercial real estate that the rentals here have gone up almost three fold in the last three years -from Rs 40 per square feet/month to Rs 120 per square feet/month at present. Most of the supply in pipeline for the next two years in the commercial space is already booked.
Gurgaon is also known for the retail boom. Some of the prominent established and upcoming retail malls in Gurgaon are Sahara Mall, MGF Mall, DT Mall, Ambi Mall and DLFs Regent Mall. Apart from these, the MD of a real estate consultancy firm, Harinder Singh, says that another 20 odd malls are at various stages of constructions in Gurgaon on Golf course Road, Sohna and MG Road.
Gurgaon and Manesar will account for 20% or 39.08 mn sq ft of the upcoming residential supply till 2009-10.
Gurgaon-Sohna Road and Golf Course Road are the locations where maximum residential supply is projected to come up.
Courtesy:ET dated. 21-03-08
Thursday, March 20, 2008
REITs may change investment landscape
This Week, we answer questions on real estate investment trusts. For investors and builders alike, the trusts offer scope for growth and returns.
How have REITs (Real Estate Investment Trusts fared in other countries, and how do they benefit?
The investment vehicle called REITs opens the option of investing in real estate portfolios to the common man. The concept has been established for decades in the United States and Australia (in case of the latter, under the name LPT, or Liquid Property Trust). Of late, Asia too is beginning to wake up to the potential. Singapore, Malaysia, South Korea and Japan have seen significant success levels with this financial instrument, while Taiwan is still trying to find a workable formula.
What sets REITs apart from other methods of investing in real estate?
REITs are attractive investment vehicles because they have the potential of generating higher yields than stocks and bonds. They are not prone to the kind of fluctuations one typically observes in the stock market and therefore present a higher margin of safety they also generate capital gains and represent a stable income source.
Can you explain the manner in which REITs work?
Fundamentally, a Real Estate Investment Trust (REIT) is an entity dedicated to owning and, in most cases, operating income-producing real estate such as apartments, shopping centres, hotels, offices and warehouses. This means that the company buys, develops, manages and sells real estate assets with the purpose of inviting investors to put their money into a professionally managed portfolio of properties. Investors are also given a tax exemption opportunity at the corporate level. In some cases, such an entity may even finance real estate. REITs is particularly an attractive option to retail investors because it offers higher returns than fixed deposit rates. They represent a diversified portfolio of assets at low investments. A REIT can serve as the ultimate landlord of select rented properties.
Will REITs work as well in India as in other countries?
REITs are yet to be proven a workable concept in India. As of now, there is no policy pertaining to the formation of REITs in this country any proposal to establish them will have to be placed before SEBI (Securities Exchange Board of India) for approval. This body will evaluate each proposal, and considering the immense potential, it stands to reason that a number of approvals will finally come through.
Assuming that they will launch in India, on which sectors will REITs focus?
REITs will concentrate on the following property market areas:
Ø Commercial: Offices and Parks
Ø Hospitality: Hotels, Leisure and Healthcare
Ø Retail: Large Malls
Ø Industrial
Ø Mixed use development sites, including residential
However, it should not be assumed that the introduction of REITs would result in availability of instant wealth-building instrument for investors. The product will be unfamiliar for most, and a long period of trial and error will precede the first REITs-related success stories in India.
Can anyone build wealth through REITs?
Maximizing profits through REITs calls for intelligent portfolio diversification a lot depends on the format that REITs take in India. To generate good financial returns, the entity will have to own a high-quality investment portfolio. Ideally, it will operate in several metropolitan and secondary cities. The returns will begin to flow when the company manages to partner and complete several large quality developments and maintain the quality of portfolio components.
If and when REITs become a part of the Indian investment scenario, it will provide significant advantages to investors. The returns are passed on to the investor regularly, and there is next to no scope for bureaucratic ambiguity in the process. This is in direct contrast to the pitfalls inherent in direct investment in real estate. The REITs vehicle will ease the process of investing in a healthily diversified real estate portfolio and make it a realistic option for lay investors and professionals alike. REITs will also serve as a significant market stabilizer in the medium to long term.
Courtesy: HT March 17, 2008
How have REITs (Real Estate Investment Trusts fared in other countries, and how do they benefit?
The investment vehicle called REITs opens the option of investing in real estate portfolios to the common man. The concept has been established for decades in the United States and Australia (in case of the latter, under the name LPT, or Liquid Property Trust). Of late, Asia too is beginning to wake up to the potential. Singapore, Malaysia, South Korea and Japan have seen significant success levels with this financial instrument, while Taiwan is still trying to find a workable formula.
What sets REITs apart from other methods of investing in real estate?
REITs are attractive investment vehicles because they have the potential of generating higher yields than stocks and bonds. They are not prone to the kind of fluctuations one typically observes in the stock market and therefore present a higher margin of safety they also generate capital gains and represent a stable income source.
Can you explain the manner in which REITs work?
Fundamentally, a Real Estate Investment Trust (REIT) is an entity dedicated to owning and, in most cases, operating income-producing real estate such as apartments, shopping centres, hotels, offices and warehouses. This means that the company buys, develops, manages and sells real estate assets with the purpose of inviting investors to put their money into a professionally managed portfolio of properties. Investors are also given a tax exemption opportunity at the corporate level. In some cases, such an entity may even finance real estate. REITs is particularly an attractive option to retail investors because it offers higher returns than fixed deposit rates. They represent a diversified portfolio of assets at low investments. A REIT can serve as the ultimate landlord of select rented properties.
Will REITs work as well in India as in other countries?
REITs are yet to be proven a workable concept in India. As of now, there is no policy pertaining to the formation of REITs in this country any proposal to establish them will have to be placed before SEBI (Securities Exchange Board of India) for approval. This body will evaluate each proposal, and considering the immense potential, it stands to reason that a number of approvals will finally come through.
Assuming that they will launch in India, on which sectors will REITs focus?
REITs will concentrate on the following property market areas:
Ø Commercial: Offices and Parks
Ø Hospitality: Hotels, Leisure and Healthcare
Ø Retail: Large Malls
Ø Industrial
Ø Mixed use development sites, including residential
However, it should not be assumed that the introduction of REITs would result in availability of instant wealth-building instrument for investors. The product will be unfamiliar for most, and a long period of trial and error will precede the first REITs-related success stories in India.
Can anyone build wealth through REITs?
Maximizing profits through REITs calls for intelligent portfolio diversification a lot depends on the format that REITs take in India. To generate good financial returns, the entity will have to own a high-quality investment portfolio. Ideally, it will operate in several metropolitan and secondary cities. The returns will begin to flow when the company manages to partner and complete several large quality developments and maintain the quality of portfolio components.
If and when REITs become a part of the Indian investment scenario, it will provide significant advantages to investors. The returns are passed on to the investor regularly, and there is next to no scope for bureaucratic ambiguity in the process. This is in direct contrast to the pitfalls inherent in direct investment in real estate. The REITs vehicle will ease the process of investing in a healthily diversified real estate portfolio and make it a realistic option for lay investors and professionals alike. REITs will also serve as a significant market stabilizer in the medium to long term.
Courtesy: HT March 17, 2008
Wednesday, March 19, 2008
An Rs 48,000 crore industry
Rising incomes, easy financing and population growth are driving demand for housing and luring overseas investors to India, says a new report by Ernst and Young. It puts the worth of the Indian real estate market at $12 billion (Rs 48,000 crore) and pegs the annual growth rate at 30 per Com. The report, commissioned by the Federation of Indian Chambers of Commerce and Industry, also says that India will have at least 50 property-related initial public offerings in the next year as the real estate industry booms
Courtesy: HT March 17, 2008
Courtesy: HT March 17, 2008
Tuesday, March 18, 2008
NO FDI PLAN IN RETAIL SECTOR, SAYS PAWAR
New Delhi: The Government is not considering any proposal to allow foreign direct investment {FDI} in retail sector, Agriculture Minister Sharad Pawar said today. “There is no proposal to allow FDI in retail {and} Government is not thinking of it because it wants to protect the interest of retailers” he said replying to supplementaries during Question Hour in Rajya Sabha
Courtesy: HT March 15, 2008
Courtesy: HT March 15, 2008
Monday, March 17, 2008
RAHEJAS PLAN 257-ACRE SEZ AT GURGAON
New Delhi:Real estate firm Raheja Developers has outlined an investment of Rs 5000 crore to set up a 257 acre engineering SEZ at Gurgaon. The SEZ has been notified by the government and the first phase of the project is expected to be completed in the next five years, Raheja Developers Managing Director Navin Raheja said. The project would be developed through a Special Purpose Vehicle and funded through internal accruals, debt and equity. Raheja said the company is planning to list the SPV in the next one year and dilute 26 per cent stake.
Courtesy: HT March 15, 2008
Courtesy: HT March 15, 2008
RAHEJAS PLAN 257-ACRE SEZ AT GURGAON
New Delhi:Real estate firm rahrja Developers has outlined an investment of Rs 5000 crore to set up a 257 acre engineering SEZ at Gurgaon. The SEZ has been notified by the government and the first phase of the project is expected to be completed in the next five years, Raheja Developers Managing Director Navin Raheja said. The project would be developed through a Special Purpose Vehicle and funded through internal accruals, debt and equity. Raheja said the company is planning to list the SPV in the next one year and dilute 26 per cent stake.
Courtesy: HT March 15, 2008
Courtesy: HT March 15, 2008
ELIGIBLE FOR A HOME LOAN?
Here are some of the factors that have a bearing on an individual’s eligibility for a home loan
There are a number of factors that have a bearing on eligibility for a housing loan. The banks have their own criteria to determine the eligibility and quantum of housing loan. The banks have their own criteria to determine the eligibility and quantum of housing loan. It would do well for borrower to be aware of some such factors.
To begin with, it is the information on the application from. The information submitted in the application from by the individual is verified from various primary and secondary sources-through interviews, calling up the employer, verifying from the database. In case of wrong information or inconsistencies, the loan application is liable to be rejected.
The financial strength of an individual is an important determinant. The loan eligibility as well as the repayment capacity depends on the financial position of the borrower. His income level, net income, liabilities determine the amount of loan he is eligible for. The requirements include a particular minimum income or a fixed and certain source of borrower also plays an important role. Usually, the lenders maintain a database of borrowers and verify the credit history to check for previous repayment defaults, even from other lenders.
The personal profile of the individual I also important. These include factors like educational qualification, profession, number of dependents, assets owned, liabilities owed, savings history etc. A higher number of dependents or existing liabilities implies lower repayment capacity. The individual’s age plays a major role to determine earning life, and the life-cycle stage at which the individual is in. in case the property is co-owned; the co-owner cannot be a minor. Also, the coowner cannot be above a certain age limit. The age limits are set to minimize ownership disputes. The age limit also affects the tenure of the home loan and EMIs. The applicant’s retirement age is also considered. For example, if the applicant is 45 years of age and is set to retire at 60 years, the maximum loan tenure available will be 15 years. Also, in case the bank has a 75 year ge limit for a co-applicant, if the applicant is 40 years old and the co-applicant is 60 years old, then the home loan will be sanctioned for a maximum period of 15 years only.
The reputation of the builder also counts. Each bank has a list of pre-approved builders. Their credentials are already verified by the bank and as such loans are easily available for their properties.
Location of property also affects the eligibility. Bank have specific norms with respect to a minimum area of a flat too. This may be built-up area or carpet area. The age of the property is also an important consideration in case of purchase of existing properties. Home loans on resale properties are sanctioned only if they are less than 50 years old.
Banks conduct legal and technical appraisal of the property to see whether the title of the property is clear, there are no ownership disputes, the property is free from any encumbrances etc. in case there are any objection in these appraisals, and the loan application is bound to be turned down.
Visit www.zameen-zaidad.com
Courtesy: ET REALITY dated March 14, 2008
There are a number of factors that have a bearing on eligibility for a housing loan. The banks have their own criteria to determine the eligibility and quantum of housing loan. The banks have their own criteria to determine the eligibility and quantum of housing loan. It would do well for borrower to be aware of some such factors.
To begin with, it is the information on the application from. The information submitted in the application from by the individual is verified from various primary and secondary sources-through interviews, calling up the employer, verifying from the database. In case of wrong information or inconsistencies, the loan application is liable to be rejected.
The financial strength of an individual is an important determinant. The loan eligibility as well as the repayment capacity depends on the financial position of the borrower. His income level, net income, liabilities determine the amount of loan he is eligible for. The requirements include a particular minimum income or a fixed and certain source of borrower also plays an important role. Usually, the lenders maintain a database of borrowers and verify the credit history to check for previous repayment defaults, even from other lenders.
The personal profile of the individual I also important. These include factors like educational qualification, profession, number of dependents, assets owned, liabilities owed, savings history etc. A higher number of dependents or existing liabilities implies lower repayment capacity. The individual’s age plays a major role to determine earning life, and the life-cycle stage at which the individual is in. in case the property is co-owned; the co-owner cannot be a minor. Also, the coowner cannot be above a certain age limit. The age limits are set to minimize ownership disputes. The age limit also affects the tenure of the home loan and EMIs. The applicant’s retirement age is also considered. For example, if the applicant is 45 years of age and is set to retire at 60 years, the maximum loan tenure available will be 15 years. Also, in case the bank has a 75 year ge limit for a co-applicant, if the applicant is 40 years old and the co-applicant is 60 years old, then the home loan will be sanctioned for a maximum period of 15 years only.
The reputation of the builder also counts. Each bank has a list of pre-approved builders. Their credentials are already verified by the bank and as such loans are easily available for their properties.
Location of property also affects the eligibility. Bank have specific norms with respect to a minimum area of a flat too. This may be built-up area or carpet area. The age of the property is also an important consideration in case of purchase of existing properties. Home loans on resale properties are sanctioned only if they are less than 50 years old.
Banks conduct legal and technical appraisal of the property to see whether the title of the property is clear, there are no ownership disputes, the property is free from any encumbrances etc. in case there are any objection in these appraisals, and the loan application is bound to be turned down.
Visit www.zameen-zaidad.com
Courtesy: ET REALITY dated March 14, 2008
Saturday, March 15, 2008
MAKING HOUSING AFFORDABLE
Greater Noida Authority is constructing 3,000 houses exclusively for middle-income group
For the middle-income masses, here is good news. Under a newly launched residential scheme, the Greater Noida authority is offering the middle-income group a rare opportunity to book and own exclusive, independent, expandable and well finished houses.
As per the scheme, the Greater Noida Authority will construct 3,000 houses in sector 3, Xu-II and Xu-III. P.C Gupta, deputy chief executive officer, Greater Noida Industrial Development Authority {GNIDA} said--the size of plot will be 120 sq m. While constructed houses will be available in 98.24 sq m.
The cost of house is Rs 29.98 lakh and each house will be allotted through lucky draw. For this scheme, which will be closed on March 8, applicants can buy forms and brochures from authorized banks like SBI, ICICI, HDFC, Axis Bank, PNB, Indian Bank, Canara Bank, Bank of Baroda, Bank of Maharashtra, and Union Bank of India, Vijya Bank and Oriental Bank of Commerce.
The allottees will be permitted to construct additional space beyond already approved building plan. Construction not conforming to the plan would have to be approved. The houses will have two bedrooms, one drawing room, kitchen and a bathroom. The housing complex will be built in new sectors like 3, Xu-II and Xu-III and will have a swimming pool. Park, community centre, post office, hospital, shopping complex and parking. Gupta said, this scheme is an opportunity for developers to be a part of making of a smart city.
“The major attractions of the complex are uninterrupted supply of drinking water and power, green areas, proposed metro, airport and world’s fourth night safari,” says Sudhir Kumar, additional CEO.
He said authorized area for plots and commercial facilities will be 65% of the total area as per population norms permitted in the master plan of 2021.
Developers will provide provisions for other facilities like nursery school, senior secondary school, nursing home, convenience shopping, commercial sector, milk booth, auto-taxi stand, secondary shopping and community centre.
To get rid of the overcrowded Delhi, the Greater Noida authority will also invite tenders for commercial scheme on two bids systems for plots in sectors like Alpha2, Delta 2 and Gamma 2.
Courtesy: ET REALITY dtd March 14, 2008
For the middle-income masses, here is good news. Under a newly launched residential scheme, the Greater Noida authority is offering the middle-income group a rare opportunity to book and own exclusive, independent, expandable and well finished houses.
As per the scheme, the Greater Noida Authority will construct 3,000 houses in sector 3, Xu-II and Xu-III. P.C Gupta, deputy chief executive officer, Greater Noida Industrial Development Authority {GNIDA} said--the size of plot will be 120 sq m. While constructed houses will be available in 98.24 sq m.
The cost of house is Rs 29.98 lakh and each house will be allotted through lucky draw. For this scheme, which will be closed on March 8, applicants can buy forms and brochures from authorized banks like SBI, ICICI, HDFC, Axis Bank, PNB, Indian Bank, Canara Bank, Bank of Baroda, Bank of Maharashtra, and Union Bank of India, Vijya Bank and Oriental Bank of Commerce.
The allottees will be permitted to construct additional space beyond already approved building plan. Construction not conforming to the plan would have to be approved. The houses will have two bedrooms, one drawing room, kitchen and a bathroom. The housing complex will be built in new sectors like 3, Xu-II and Xu-III and will have a swimming pool. Park, community centre, post office, hospital, shopping complex and parking. Gupta said, this scheme is an opportunity for developers to be a part of making of a smart city.
“The major attractions of the complex are uninterrupted supply of drinking water and power, green areas, proposed metro, airport and world’s fourth night safari,” says Sudhir Kumar, additional CEO.
He said authorized area for plots and commercial facilities will be 65% of the total area as per population norms permitted in the master plan of 2021.
Developers will provide provisions for other facilities like nursery school, senior secondary school, nursing home, convenience shopping, commercial sector, milk booth, auto-taxi stand, secondary shopping and community centre.
To get rid of the overcrowded Delhi, the Greater Noida authority will also invite tenders for commercial scheme on two bids systems for plots in sectors like Alpha2, Delta 2 and Gamma 2.
Courtesy: ET REALITY dtd March 14, 2008
MAKING HOUSING AFFORDABLE
Greater Noida Authority is constructing 3,000 houses exclusively for middle-income group
For the middle-income masses, here is good news. Under a newly launched residential scheme, the Greater Noida authority is offering the middle-income group a rare opportunity to book and own exclusive, independent, expandable and well finished houses.
As per the scheme, the Greater Noida Authority will construct 3,000 houses in sector 3, Xu-II and Xu-III. P.C Gupta, deputy chief executive officer, Greater Noida Industrial Development Authority {GNIDA} said--the size of plot will be 120 sq m. While constructed houses will be available in 98.24 sq m.
The cost of house is Rs 29.98 lakh and each house will be allotted through lucky draw. For this scheme, which will be closed on March 8, applicants can buy forms and brochures from authorized banks like SBI, ICICI, HDFC, Axis Bank, PNB, Indian Bank, Canara Bank, Bank of Baroda, Bank of Maharashtra, and Union Bank of India, Vijya Bank and Oriental Bank of Commerce.
The allottees will be permitted to construct additional space beyond already approved building plan. Construction not conforming to the plan would have to be approved. The houses will have two bedrooms, one drawing room, kitchen and a bathroom. The housing complex will be built in new sectors like 3, Xu-II and Xu-III and will have a swimming pool. Park, community centre, post office, hospital, shopping complex and parking. Gupta said, this scheme is an opportunity for developers to be a part of making of a smart city.
“The major attractions of the complex are uninterrupted supply of drinking water and power, green areas, proposed metro, airport and world’s fourth night safari,” says Sudhir Kumar, additional CEO.
He said authorized area for plots and commercial facilities will be 65% of the total area as per population norms permitted in the master plan of 2021.
Developers will provide provisions for other facilities like nursery school, senior secondary school, nursing home, convenience shopping, commercial sector, milk booth, auto-taxi stand, secondary shopping and community centre.
To get rid of the overcrowded Delhi, the Greater Noida authority will also invite tenders for commercial scheme on two bids systems for plots in sectors like Alpha2, Delta 2 and Gamma 2.
Courtesy: ET REALITY dtd March 14, 2008
For the middle-income masses, here is good news. Under a newly launched residential scheme, the Greater Noida authority is offering the middle-income group a rare opportunity to book and own exclusive, independent, expandable and well finished houses.
As per the scheme, the Greater Noida Authority will construct 3,000 houses in sector 3, Xu-II and Xu-III. P.C Gupta, deputy chief executive officer, Greater Noida Industrial Development Authority {GNIDA} said--the size of plot will be 120 sq m. While constructed houses will be available in 98.24 sq m.
The cost of house is Rs 29.98 lakh and each house will be allotted through lucky draw. For this scheme, which will be closed on March 8, applicants can buy forms and brochures from authorized banks like SBI, ICICI, HDFC, Axis Bank, PNB, Indian Bank, Canara Bank, Bank of Baroda, Bank of Maharashtra, and Union Bank of India, Vijya Bank and Oriental Bank of Commerce.
The allottees will be permitted to construct additional space beyond already approved building plan. Construction not conforming to the plan would have to be approved. The houses will have two bedrooms, one drawing room, kitchen and a bathroom. The housing complex will be built in new sectors like 3, Xu-II and Xu-III and will have a swimming pool. Park, community centre, post office, hospital, shopping complex and parking. Gupta said, this scheme is an opportunity for developers to be a part of making of a smart city.
“The major attractions of the complex are uninterrupted supply of drinking water and power, green areas, proposed metro, airport and world’s fourth night safari,” says Sudhir Kumar, additional CEO.
He said authorized area for plots and commercial facilities will be 65% of the total area as per population norms permitted in the master plan of 2021.
Developers will provide provisions for other facilities like nursery school, senior secondary school, nursing home, convenience shopping, commercial sector, milk booth, auto-taxi stand, secondary shopping and community centre.
To get rid of the overcrowded Delhi, the Greater Noida authority will also invite tenders for commercial scheme on two bids systems for plots in sectors like Alpha2, Delta 2 and Gamma 2.
Courtesy: ET REALITY dtd March 14, 2008
Friday, March 14, 2008
DDA' HOUSING FOR BETTER LIVING
If you are a resident of a Delhi Development Authority (DDA) colony anywhere in Delhi, be it Sarita Vihar, Saket, Mayur Vihar, Janakpuri, or Ashok Vihar, you will surely find DDA's comprehensive developmental activities.
Recently, Delhi Development Authority (DDA) announced its budget for the financial year 2008-09 on Friday and approved revised budget estimates for the year 2007-08. Expenditure for the year 2008-09 has been projected as Rs. 3,622.6 crore as compared to Rs. 2,309.08 crore in the revised estimates for the year 2007-08. Under the new budget, areas like Rohini, Dwarka, Narela, Dheerpur, Jasola and Bakkarwala will see an increase in the expenditure on development work like housing for economically weaker sections (EWS) and village redevelopment.
For almost five decades now, DDA has played a crucial role in providing more than a million houses to the people of Delhi, housing about half the population of the national capital. DDA has been constructing as well as facilitating the construction of some 10.80 lakh dwelling units in Delhi, according to the requirements and purchasing capacity of people, especially those from the lowest strata of society.
Future and ongoing plans include a pilot project on public-private participation at Tehkhand in South Delhi -- which envisages construction of 750 higher income group flats and 3,000 units under the Economically Weaker Section scheme. The project assumes significance, for it would pave the way for public-private participating in such similar ventures across the Capital.
www.zameen-zaidad.com
Courtesy: HT 13.03.08
Recently, Delhi Development Authority (DDA) announced its budget for the financial year 2008-09 on Friday and approved revised budget estimates for the year 2007-08. Expenditure for the year 2008-09 has been projected as Rs. 3,622.6 crore as compared to Rs. 2,309.08 crore in the revised estimates for the year 2007-08. Under the new budget, areas like Rohini, Dwarka, Narela, Dheerpur, Jasola and Bakkarwala will see an increase in the expenditure on development work like housing for economically weaker sections (EWS) and village redevelopment.
For almost five decades now, DDA has played a crucial role in providing more than a million houses to the people of Delhi, housing about half the population of the national capital. DDA has been constructing as well as facilitating the construction of some 10.80 lakh dwelling units in Delhi, according to the requirements and purchasing capacity of people, especially those from the lowest strata of society.
Future and ongoing plans include a pilot project on public-private participation at Tehkhand in South Delhi -- which envisages construction of 750 higher income group flats and 3,000 units under the Economically Weaker Section scheme. The project assumes significance, for it would pave the way for public-private participating in such similar ventures across the Capital.
www.zameen-zaidad.com
Courtesy: HT 13.03.08
DDA' HOUSING FOR BETTER LIVING
If you are a resident of a Delhi Development Authority (DDA) colony anywhere in Delhi, be it Sarita Vihar, Saket, Mayur Vihar, Janakpuri, or Ashok Vihar, you will surely find DDA's comprehensive developmental activities.
Recently, Delhi Development Authority (DDA) announced its budget for the financial year 2008-09 on Friday and approved revised budget estimates for the year 2007-08. Expenditure for the year 2008-09 has been projected as Rs. 3,622.6 crore as compared to Rs. 2,309.08 crore in the revised estimates for the year 2007-08. Under the new budget, areas like Rohini, Dwarka, Narela, Dheerpur, Jasola and Bakkarwala will see an increase in the expenditure on development work like housing for economically weaker sections (EWS) and village redevelopment.
For almost five decades now, DDA has played a crucial role in providing more than a million houses to the people of Delhi, housing about half the population of the national capital. DDA has been constructing as well as facilitating the construction of some 10.80 lakh dwelling units in Delhi, according to the requirements and purchasing capacity of people, especially those from the lowest strata of society.
Future and ongoing plans include a pilot project on public-private participation at Tehkhand in South Delhi -- which envisages construction of 750 higher income group flats and 3,000 units under the Economically Weaker Section scheme. The project assumes significance, for it would pave the way for public-private participating in such similar ventures across the Capital.
www.zameen-zaidad.com
Courtesy: HT 13.03.08
Recently, Delhi Development Authority (DDA) announced its budget for the financial year 2008-09 on Friday and approved revised budget estimates for the year 2007-08. Expenditure for the year 2008-09 has been projected as Rs. 3,622.6 crore as compared to Rs. 2,309.08 crore in the revised estimates for the year 2007-08. Under the new budget, areas like Rohini, Dwarka, Narela, Dheerpur, Jasola and Bakkarwala will see an increase in the expenditure on development work like housing for economically weaker sections (EWS) and village redevelopment.
For almost five decades now, DDA has played a crucial role in providing more than a million houses to the people of Delhi, housing about half the population of the national capital. DDA has been constructing as well as facilitating the construction of some 10.80 lakh dwelling units in Delhi, according to the requirements and purchasing capacity of people, especially those from the lowest strata of society.
Future and ongoing plans include a pilot project on public-private participation at Tehkhand in South Delhi -- which envisages construction of 750 higher income group flats and 3,000 units under the Economically Weaker Section scheme. The project assumes significance, for it would pave the way for public-private participating in such similar ventures across the Capital.
www.zameen-zaidad.com
Courtesy: HT 13.03.08
GOVT ISSUES RULES FOR FOREIGN INVESTMENT
India on Wednesday set out conditions for automatic approval of 100 per cent foreign investments in industrial parks. Such parks would have to house a minimum of 10 industrial units and at least 66 per cent of their developed area would have to be allocated for industrial activity, a trade ministry note said. No single unit could occupy more than half of the allocable area, the note added. If these conditions were met, investors would not need to conform to guidelines on minimum investment and minimum area developed, which are applicable for housing, commercial and regional infrastructure projects, it said.
Courtesy: HT 13.03.08
Courtesy: HT 13.03.08
GOVT ISSUES RULES FOR FOREIGN INVESTMENT
India on Wednesday set out conditions for automatic approval of 100 per cent foreign investments in industrial parks. Such parks would have to house a minimum of 10 industrial units and at least 66 per cent of their developed area would have to be allocated for industrial activity, a trade ministry note said. No single unit could occupy more than half of the allocable area, the note added. If these conditions were met, investors would not need to conform to guidelines on minimum investment and minimum area developed, which are applicable for housing, commercial and regional infrastructure projects, it said.
Courtesy: HT 13.03.08
Courtesy: HT 13.03.08
Real estate law
The government is all set to bring in a law to regulate the booming real estate sector in Delhi that could be model for the rest of the country, minister for urban development Jaipal Reddy told the Rajya Sabha.
Industrial upgrade
The commerce ministry has approved six industry clusters worth Rs 373 crore under the Industrial Infrastructure Upgradation, Scheme, out of which Rs 247 crore will be in the form of the central government’s grant.
Industrial growth
The latest government data on industrial growth has painted a gloomy picture but economic think-thank Center for Monitoring Indian Economy (CMIE) says all is not lost and has pegged the expansion at 10.4 per cent for fiscal 2009.
Courtsey: Bus.Sandard March 14 2008
Industrial upgrade
The commerce ministry has approved six industry clusters worth Rs 373 crore under the Industrial Infrastructure Upgradation, Scheme, out of which Rs 247 crore will be in the form of the central government’s grant.
Industrial growth
The latest government data on industrial growth has painted a gloomy picture but economic think-thank Center for Monitoring Indian Economy (CMIE) says all is not lost and has pegged the expansion at 10.4 per cent for fiscal 2009.
Courtsey: Bus.Sandard March 14 2008
Thursday, March 13, 2008
Real estate law
The government is all set to bring in a law to regulate the booming real estate sector in Delhi that could be model for the rest of the country, minister for urban development Jaipal Reddy told the Rajya Sabha.
Industrial upgrade
The commerce ministry has approved six industry clusters worth Rs 373 crore under the Industrial Infrastructure Upgradation, Scheme, out of which Rs 247 crore will be in the form of the central government’s grant.
Industrial growth
The latest government data on industrial growth has painted a gloomy picture but economic think-thank Center for Monitoring Indian Economy (CMIE) says all is not lost and has pegged the expansion at 10.4 per cent for fiscal 2009.
Courtsey: Bus.Sandard March 14 2008
Industrial upgrade
The commerce ministry has approved six industry clusters worth Rs 373 crore under the Industrial Infrastructure Upgradation, Scheme, out of which Rs 247 crore will be in the form of the central government’s grant.
Industrial growth
The latest government data on industrial growth has painted a gloomy picture but economic think-thank Center for Monitoring Indian Economy (CMIE) says all is not lost and has pegged the expansion at 10.4 per cent for fiscal 2009.
Courtsey: Bus.Sandard March 14 2008
Wednesday, March 12, 2008
INDIA’S BIGGEST LAND DEAL IN NOIDA
Noida: In the biggest land deal in the country, a consortium led by Delhi-based Business Parks and Town Planners {BPTP} on Tuesday bagged a 95-acre commercial plot in Noida Sector 94 for a mind-boggling Rs 5,006 crore from the Noida authority.
The price per square meter in the deal – clinched after sealed bids were submitted – comes to Rs 1, 30, 207, or Rs 52.69 crore per acre. The next highest bid for the site was Rs 1, 17,000/sqm by DLF and the third highest, Rs 80,000, by Omaxe. Ansal Properties and Infrastructure was earlier disqualified in the technical bid. According to a Noida authority spokesman, the permitted floor area ratio for development of the site will only be two. Only an area of 8.2 million sq ft will be allowed to develop. At this rate, the per sq ft construction right has cost BPTP a whopping Rs 6,100.
The astronomical amount paid for the site is a clear indication that, in terms of sentiment, there is no downturn in the real estate sector It also points to Noida emerging as an alternative to Delhi and Gurgaon for office space. At present, office rentals in Delhi’s high class areas range between Rs 200 to Rs 350 per sq ft. In Gurgaon, it varies between Rs 80 and Rs 120 per sq ft. As against this, rentals in Noida are in the range of 40-60 per sq ft. This has made Noida an attractive destination for commercial space in NCR. In the previous biggest land deal in Noida, Unitech had walked off with an approximately 340-avre residential plot for Rs 1,582.83 crore.
NOIDA SITE IS STRATEGICALLY LOCATED
Noida: the proposed commercial complex in Noida Sector 94, which attracted mind-boggling Rs 5,006 crore, is strategically located close to Delhi. It will be around 16 km from Connaught Place and around 10 km from south Delhi via the DND flyover.
According to Kabul Chawla, chief of Business Parks and Town Planners {BPTP}, a company which has considerable real estate interests in Faridabad, Gurgaon and Hyderabad, “We will ensure that this become the country’s most prestigious commercial complex. And, we are already in touch with planners and consultants like Norman Foster, for hotels, commercial complexes and financial hubs.”
Courtesy: TOI dtd 12-3-08
The price per square meter in the deal – clinched after sealed bids were submitted – comes to Rs 1, 30, 207, or Rs 52.69 crore per acre. The next highest bid for the site was Rs 1, 17,000/sqm by DLF and the third highest, Rs 80,000, by Omaxe. Ansal Properties and Infrastructure was earlier disqualified in the technical bid. According to a Noida authority spokesman, the permitted floor area ratio for development of the site will only be two. Only an area of 8.2 million sq ft will be allowed to develop. At this rate, the per sq ft construction right has cost BPTP a whopping Rs 6,100.
The astronomical amount paid for the site is a clear indication that, in terms of sentiment, there is no downturn in the real estate sector It also points to Noida emerging as an alternative to Delhi and Gurgaon for office space. At present, office rentals in Delhi’s high class areas range between Rs 200 to Rs 350 per sq ft. In Gurgaon, it varies between Rs 80 and Rs 120 per sq ft. As against this, rentals in Noida are in the range of 40-60 per sq ft. This has made Noida an attractive destination for commercial space in NCR. In the previous biggest land deal in Noida, Unitech had walked off with an approximately 340-avre residential plot for Rs 1,582.83 crore.
NOIDA SITE IS STRATEGICALLY LOCATED
Noida: the proposed commercial complex in Noida Sector 94, which attracted mind-boggling Rs 5,006 crore, is strategically located close to Delhi. It will be around 16 km from Connaught Place and around 10 km from south Delhi via the DND flyover.
According to Kabul Chawla, chief of Business Parks and Town Planners {BPTP}, a company which has considerable real estate interests in Faridabad, Gurgaon and Hyderabad, “We will ensure that this become the country’s most prestigious commercial complex. And, we are already in touch with planners and consultants like Norman Foster, for hotels, commercial complexes and financial hubs.”
Courtesy: TOI dtd 12-3-08
INDIA’S BIGGEST LAND DEAL IN NOIDA
Noida: In the biggest land deal in the country, a consortium led by Delhi-based Business Parks and Town Planners {BPTP} on Tuesday bagged a 95-acre commercial plot in Noida Sector 94 for a mind-boggling Rs 5,006 crore from the Noida authority.
The price per square meter in the deal – clinched after sealed bids were submitted – comes to Rs 1, 30, 207, or Rs 52.69 crore per acre. The next highest bid for the site was Rs 1, 17,000/sqm by DLF and the third highest, Rs 80,000, by Omaxe. Ansal Properties and Infrastructure was earlier disqualified in the technical bid. According to a Noida authority spokesman, the permitted floor area ratio for development of the site will only be two. Only an area of 8.2 million sq ft will be allowed to develop. At this rate, the per sq ft construction right has cost BPTP a whopping Rs 6,100.
The astronomical amount paid for the site is a clear indication that, in terms of sentiment, there is no downturn in the real estate sector It also points to Noida emerging as an alternative to Delhi and Gurgaon for office space. At present, office rentals in Delhi’s high class areas range between Rs 200 to Rs 350 per sq ft. In Gurgaon, it varies between Rs 80 and Rs 120 per sq ft. As against this, rentals in Noida are in the range of 40-60 per sq ft. This has made Noida an attractive destination for commercial space in NCR. In the previous biggest land deal in Noida, Unitech had walked off with an approximately 340-avre residential plot for Rs 1,582.83 crore.
NOIDA SITE IS STRATEGICALLY LOCATED
Noida: the proposed commercial complex in Noida Sector 94, which attracted mind-boggling Rs 5,006 crore, is strategically located close to Delhi. It will be around 16 km from Connaught Place and around 10 km from south Delhi via the DND flyover.
According to Kabul Chawla, chief of Business Parks and Town Planners {BPTP}, a company which has considerable real estate interests in Faridabad, Gurgaon and Hyderabad, “We will ensure that this become the country’s most prestigious commercial complex. And, we are already in touch with planners and consultants like Norman Foster, for hotels, commercial complexes and financial hubs.”
Courtesy: TOI dtd 12-3-08
The price per square meter in the deal – clinched after sealed bids were submitted – comes to Rs 1, 30, 207, or Rs 52.69 crore per acre. The next highest bid for the site was Rs 1, 17,000/sqm by DLF and the third highest, Rs 80,000, by Omaxe. Ansal Properties and Infrastructure was earlier disqualified in the technical bid. According to a Noida authority spokesman, the permitted floor area ratio for development of the site will only be two. Only an area of 8.2 million sq ft will be allowed to develop. At this rate, the per sq ft construction right has cost BPTP a whopping Rs 6,100.
The astronomical amount paid for the site is a clear indication that, in terms of sentiment, there is no downturn in the real estate sector It also points to Noida emerging as an alternative to Delhi and Gurgaon for office space. At present, office rentals in Delhi’s high class areas range between Rs 200 to Rs 350 per sq ft. In Gurgaon, it varies between Rs 80 and Rs 120 per sq ft. As against this, rentals in Noida are in the range of 40-60 per sq ft. This has made Noida an attractive destination for commercial space in NCR. In the previous biggest land deal in Noida, Unitech had walked off with an approximately 340-avre residential plot for Rs 1,582.83 crore.
NOIDA SITE IS STRATEGICALLY LOCATED
Noida: the proposed commercial complex in Noida Sector 94, which attracted mind-boggling Rs 5,006 crore, is strategically located close to Delhi. It will be around 16 km from Connaught Place and around 10 km from south Delhi via the DND flyover.
According to Kabul Chawla, chief of Business Parks and Town Planners {BPTP}, a company which has considerable real estate interests in Faridabad, Gurgaon and Hyderabad, “We will ensure that this become the country’s most prestigious commercial complex. And, we are already in touch with planners and consultants like Norman Foster, for hotels, commercial complexes and financial hubs.”
Courtesy: TOI dtd 12-3-08
Tuesday, March 11, 2008
Saltlec land at new high: Rs 33.33 cr per acre
Kolkata: LAND rates for big ticket IT ventures have scaled a new peak in Kolkata’s Tech town, Salt Lake. In one of the biggest city property deals in recent times, a consortium of South City Projects and Merlin Group has shelled out a whopping Rs 143 crore to KMDA to acquire a prized 4.3-acre plot in the Salt Lake Electronic Complex (Saltec) to develop an IT logistics center. This pegs the deal size at an unprecedented Rs 33.33 crore per acre. Government sources confirmed that it’s the highest payout for project land in north 24 Parganas,which is a reflection of booming reality prices for IT projects.
The South City-Merlin deal supersedes the Rs 27-crore per acre shelled out by DLF Hilton for its city hotels. And it is merely a shade below the Rs 33.81-crore per acre that Dubai-based Emaar MGF forked out for a 6.24-acre-plot on the EM bypass to set up premium hotels.
Visit www.zameen-zaidad.com
Courtesy: ET March 9, 2008
The South City-Merlin deal supersedes the Rs 27-crore per acre shelled out by DLF Hilton for its city hotels. And it is merely a shade below the Rs 33.81-crore per acre that Dubai-based Emaar MGF forked out for a 6.24-acre-plot on the EM bypass to set up premium hotels.
Visit www.zameen-zaidad.com
Courtesy: ET March 9, 2008
Saltlec land at new high: Rs 33.33 cr per acre
Kolkata: LAND rates for big ticket IT ventures have scaled a new peak in Kolkata’s Tech town, Salt Lake. In one of the biggest city property deals in recent times, a consortium of South City Projects and Merlin Group has shelled out a whopping Rs 143 crore to KMDA to acquire a prized 4.3-acre plot in the Salt Lake Electronic Complex (Saltec) to develop an IT logistics center. This pegs the deal size at an unprecedented Rs 33.33 crore per acre. Government sources confirmed that it’s the highest payout for project land in north 24 Parganas,which is a reflection of booming reality prices for IT projects.
The South City-Merlin deal supersedes the Rs 27-crore per acre shelled out by DLF Hilton for its city hotels. And it is merely a shade below the Rs 33.81-crore per acre that Dubai-based Emaar MGF forked out for a 6.24-acre-plot on the EM bypass to set up premium hotels.
Visit www.zameen-zaidad.com
Courtesy: ET March 9, 2008
The South City-Merlin deal supersedes the Rs 27-crore per acre shelled out by DLF Hilton for its city hotels. And it is merely a shade below the Rs 33.81-crore per acre that Dubai-based Emaar MGF forked out for a 6.24-acre-plot on the EM bypass to set up premium hotels.
Visit www.zameen-zaidad.com
Courtesy: ET March 9, 2008
Sobha to start work on villas project
Reality major Sobha Developer (SDL) will commence construction of its first presidential villas project –Sobha Lifestyle-at Devanahalli in Banglore with an investment of around Rs 260 crore over to years. SDL has partnered with Banglore-based reality firm Renaissance Holdings, which owns the land parcel, for the project.
Currently, SDL has about 12 million sq ft under construction projects across the country -95% of which is in the residential space. “The next fiscal (2008-09) will see the company start a host of project across segments to develop an additional 12 million sq ft. The cumulative investment into these projects is estimated at over Rs 2000 crore,” said Sobha Developers managing directors J C Sharma. At present, the cost of development stands at Rs 1,700 per sq ft, he added. Of the 12-milion sq ft, 4million sq ft will be in the commercial, hospitality and retail spaces and 8 million sq ft in residential development. The company will begin work on the 3-million sq ft Sobha Global Mall in Banglore (Minerva Mills property) and a 4-lakh sq ft Mall in Mysore apart from two hotel projects in Banglore. All projects, according to Mr Sharma,will be funded through a mix of pre-sales, debt and internal accruals.
Visit www.zameen-zaidad.com
Courtesy: ET March 9, 2008
Currently, SDL has about 12 million sq ft under construction projects across the country -95% of which is in the residential space. “The next fiscal (2008-09) will see the company start a host of project across segments to develop an additional 12 million sq ft. The cumulative investment into these projects is estimated at over Rs 2000 crore,” said Sobha Developers managing directors J C Sharma. At present, the cost of development stands at Rs 1,700 per sq ft, he added. Of the 12-milion sq ft, 4million sq ft will be in the commercial, hospitality and retail spaces and 8 million sq ft in residential development. The company will begin work on the 3-million sq ft Sobha Global Mall in Banglore (Minerva Mills property) and a 4-lakh sq ft Mall in Mysore apart from two hotel projects in Banglore. All projects, according to Mr Sharma,will be funded through a mix of pre-sales, debt and internal accruals.
Visit www.zameen-zaidad.com
Courtesy: ET March 9, 2008
Sobha to start work on villas project
Reality major Sobha Developer (SDL) will commence construction of its first presidential villas project –Sobha Lifestyle-at Devanahalli in Banglore with an investment of around Rs 260 crore over to years. SDL has partnered with Banglore-based reality firm Renaissance Holdings, which owns the land parcel, for the project.
Currently, SDL has about 12 million sq ft under construction projects across the country -95% of which is in the residential space. “The next fiscal (2008-09) will see the company start a host of project across segments to develop an additional 12 million sq ft. The cumulative investment into these projects is estimated at over Rs 2000 crore,” said Sobha Developers managing directors J C Sharma. At present, the cost of development stands at Rs 1,700 per sq ft, he added. Of the 12-milion sq ft, 4million sq ft will be in the commercial, hospitality and retail spaces and 8 million sq ft in residential development. The company will begin work on the 3-million sq ft Sobha Global Mall in Banglore (Minerva Mills property) and a 4-lakh sq ft Mall in Mysore apart from two hotel projects in Banglore. All projects, according to Mr Sharma,will be funded through a mix of pre-sales, debt and internal accruals.
Courtesy: ET March 9, 2008
Currently, SDL has about 12 million sq ft under construction projects across the country -95% of which is in the residential space. “The next fiscal (2008-09) will see the company start a host of project across segments to develop an additional 12 million sq ft. The cumulative investment into these projects is estimated at over Rs 2000 crore,” said Sobha Developers managing directors J C Sharma. At present, the cost of development stands at Rs 1,700 per sq ft, he added. Of the 12-milion sq ft, 4million sq ft will be in the commercial, hospitality and retail spaces and 8 million sq ft in residential development. The company will begin work on the 3-million sq ft Sobha Global Mall in Banglore (Minerva Mills property) and a 4-lakh sq ft Mall in Mysore apart from two hotel projects in Banglore. All projects, according to Mr Sharma,will be funded through a mix of pre-sales, debt and internal accruals.
Courtesy: ET March 9, 2008
Monday, March 10, 2008
REALTY COS JOIN THE RUN OF LUXURY MALLS
After DLF and UB, Parsavnath, Ansal , APL and MBD Group are firming up plans for niche luxury malls in metro. Real estate players are tired of being mall rats. So, it's luxury malls that are now hogging the limelight. After DLF and UB Group's foray into the luxury retail segment, other players such as Parsvnath, Ansal API and MBD Group are firming up plans for niche luxury malls in metro cities. Besides housing top-of-the line luxury brands such as Armani, Mont Blanc, Gucci, Ferragamo, Jimmy Coho and Louis Vuitton, the malls will also have features such as amphitheatres, opera shows, in-shop dining and rooftop helipads to attract the umber-rich.
Real estate major Parsvnath Developers plans to build luxury malls in the top metro cities. Parsvnath chairman Pradeep Jain confirmed the development to ET. "We will announce plans this financial year and are looking only at metros. There is a pressing need for luxury malls in capital cities and their demand is huge. Moreover, luxury retailers are also keen to enter India through a tie-up. The timing is just right for luxury malls in India." Agrees Kunal Banerji, president, marketing, Ansal API, "We do have luxury malls on our agenda. With the burgeoning economy, it is quite clear that such niche malls do have a strong market in India. We have already announced a project in Greater Noida and eventually we will look at markets like Mumbai and Delhi as well."
Earlier, five-star hotels were home to luxury brands, both hospitality and luxury brands are now moving to mall. MBD Group is coming up with a luxury mall, Zephyr, which will also have a 450-room luxury hotel in Bangalore. Some of the key features of the mall will be wine cellars, art auctions, fashion previews, opera, in-shop dining (a la in-room dining concept of five-star hotels) and outdoor theatre. The mall will be operational by the end of 2010. The group is also looking at developing luxury malls in Hyderabad, Chennai, Delhi and Mumbai. "The long-term success of luxury malls will depend on the kind of pre and post shopping experience that they provide and not just on luxury brands that they house," says Sonica Malhotra, executive director, MBD Group. The mall will have luxury automobile players such as Porsche, Rolls Royce and Lamborghini.
According to industry estimates, for a standard mall, the cost of construction is around Rs 2,200 and that of interiors is Rs 1,200-1500 per square foot. On the other hand, for a luxury mall the cost of construction is Rs 2,800 per square foot and that of interiors Rs 3,500 per sq ft, almost double of a standard mall.
India's largest real estate developer DLF, which rolled out its plans of luxury mall, Emporia, almost two-and-a-half year's back, is bullish about the luxury retail market in India. "Luxury brands have good potential in India. The product has to be one that offers a mix reflective of class, economic status and ambience. We will be looking at metros and super metros in the near future to build more such luxury one-stop destinations with the best names in the market," asserts Rajeev Talwar, group executive director, DLF. UB Group's luxury mall, The Collection, located in UB city in Bangalore, is scheduled to start operations this year. It will house brands such as Louis Vuitton, Salvatore Ferragamo, Canali, Rolex, Omega, Dunhill, Mont Blanc, Zegna, Gucci and Kimaya.
Courtesy: ET March 7, 2008
Real estate major Parsvnath Developers plans to build luxury malls in the top metro cities. Parsvnath chairman Pradeep Jain confirmed the development to ET. "We will announce plans this financial year and are looking only at metros. There is a pressing need for luxury malls in capital cities and their demand is huge. Moreover, luxury retailers are also keen to enter India through a tie-up. The timing is just right for luxury malls in India." Agrees Kunal Banerji, president, marketing, Ansal API, "We do have luxury malls on our agenda. With the burgeoning economy, it is quite clear that such niche malls do have a strong market in India. We have already announced a project in Greater Noida and eventually we will look at markets like Mumbai and Delhi as well."
Earlier, five-star hotels were home to luxury brands, both hospitality and luxury brands are now moving to mall. MBD Group is coming up with a luxury mall, Zephyr, which will also have a 450-room luxury hotel in Bangalore. Some of the key features of the mall will be wine cellars, art auctions, fashion previews, opera, in-shop dining (a la in-room dining concept of five-star hotels) and outdoor theatre. The mall will be operational by the end of 2010. The group is also looking at developing luxury malls in Hyderabad, Chennai, Delhi and Mumbai. "The long-term success of luxury malls will depend on the kind of pre and post shopping experience that they provide and not just on luxury brands that they house," says Sonica Malhotra, executive director, MBD Group. The mall will have luxury automobile players such as Porsche, Rolls Royce and Lamborghini.
According to industry estimates, for a standard mall, the cost of construction is around Rs 2,200 and that of interiors is Rs 1,200-1500 per square foot. On the other hand, for a luxury mall the cost of construction is Rs 2,800 per square foot and that of interiors Rs 3,500 per sq ft, almost double of a standard mall.
India's largest real estate developer DLF, which rolled out its plans of luxury mall, Emporia, almost two-and-a-half year's back, is bullish about the luxury retail market in India. "Luxury brands have good potential in India. The product has to be one that offers a mix reflective of class, economic status and ambience. We will be looking at metros and super metros in the near future to build more such luxury one-stop destinations with the best names in the market," asserts Rajeev Talwar, group executive director, DLF. UB Group's luxury mall, The Collection, located in UB city in Bangalore, is scheduled to start operations this year. It will house brands such as Louis Vuitton, Salvatore Ferragamo, Canali, Rolex, Omega, Dunhill, Mont Blanc, Zegna, Gucci and Kimaya.
Courtesy: ET March 7, 2008
REALTY COS JOIN THE RUN OF LUXURY MALLS
After DLF and UB, Parsavnath, Ansal , APL and MBD Group are firming up plans for niche luxury malls in metro. Real estate players are tired of being mall rats. So, it's luxury malls that are now hogging the limelight. After DLF and UB Group's foray into the luxury retail segment, other players such as Parsvnath, Ansal API and MBD Group are firming up plans for niche luxury malls in metro cities. Besides housing top-of-the line luxury brands such as Armani, Mont Blanc, Gucci, Ferragamo, Jimmy Coho and Louis Vuitton, the malls will also have features such as amphitheatres, opera shows, in-shop dining and rooftop helipads to attract the umber-rich.
Real estate major Parsvnath Developers plans to build luxury malls in the top metro cities. Parsvnath chairman Pradeep Jain confirmed the development to ET. "We will announce plans this financial year and are looking only at metros. There is a pressing need for luxury malls in capital cities and their demand is huge. Moreover, luxury retailers are also keen to enter India through a tie-up. The timing is just right for luxury malls in India." Agrees Kunal Banerji, president, marketing, Ansal API, "We do have luxury malls on our agenda. With the burgeoning economy, it is quite clear that such niche malls do have a strong market in India. We have already announced a project in Greater Noida and eventually we will look at markets like Mumbai and Delhi as well."
Earlier, five-star hotels were home to luxury brands, both hospitality and luxury brands are now moving to mall. MBD Group is coming up with a luxury mall, Zephyr, which will also have a 450-room luxury hotel in Bangalore. Some of the key features of the mall will be wine cellars, art auctions, fashion previews, opera, in-shop dining (a la in-room dining concept of five-star hotels) and outdoor theatre. The mall will be operational by the end of 2010. The group is also looking at developing luxury malls in Hyderabad, Chennai, Delhi and Mumbai. "The long-term success of luxury malls will depend on the kind of pre and post shopping experience that they provide and not just on luxury brands that they house," says Sonica Malhotra, executive director, MBD Group. The mall will have luxury automobile players such as Porsche, Rolls Royce and Lamborghini.
According to industry estimates, for a standard mall, the cost of construction is around Rs 2,200 and that of interiors is Rs 1,200-1500 per square foot. On the other hand, for a luxury mall the cost of construction is Rs 2,800 per square foot and that of interiors Rs 3,500 per sq ft, almost double of a standard mall.
India's largest real estate developer DLF, which rolled out its plans of luxury mall, Emporia, almost two-and-a-half year's back, is bullish about the luxury retail market in India. "Luxury brands have good potential in India. The product has to be one that offers a mix reflective of class, economic status and ambience. We will be looking at metros and super metros in the near future to build more such luxury one-stop destinations with the best names in the market," asserts Rajeev Talwar, group executive director, DLF. UB Group's luxury mall, The Collection, located in UB city in Bangalore, is scheduled to start operations this year. It will house brands such as Louis Vuitton, Salvatore Ferragamo, Canali, Rolex, Omega, Dunhill, Mont Blanc, Zegna, Gucci and Kimaya.
Courtesy: ET March 7, 2008
Real estate major Parsvnath Developers plans to build luxury malls in the top metro cities. Parsvnath chairman Pradeep Jain confirmed the development to ET. "We will announce plans this financial year and are looking only at metros. There is a pressing need for luxury malls in capital cities and their demand is huge. Moreover, luxury retailers are also keen to enter India through a tie-up. The timing is just right for luxury malls in India." Agrees Kunal Banerji, president, marketing, Ansal API, "We do have luxury malls on our agenda. With the burgeoning economy, it is quite clear that such niche malls do have a strong market in India. We have already announced a project in Greater Noida and eventually we will look at markets like Mumbai and Delhi as well."
Earlier, five-star hotels were home to luxury brands, both hospitality and luxury brands are now moving to mall. MBD Group is coming up with a luxury mall, Zephyr, which will also have a 450-room luxury hotel in Bangalore. Some of the key features of the mall will be wine cellars, art auctions, fashion previews, opera, in-shop dining (a la in-room dining concept of five-star hotels) and outdoor theatre. The mall will be operational by the end of 2010. The group is also looking at developing luxury malls in Hyderabad, Chennai, Delhi and Mumbai. "The long-term success of luxury malls will depend on the kind of pre and post shopping experience that they provide and not just on luxury brands that they house," says Sonica Malhotra, executive director, MBD Group. The mall will have luxury automobile players such as Porsche, Rolls Royce and Lamborghini.
According to industry estimates, for a standard mall, the cost of construction is around Rs 2,200 and that of interiors is Rs 1,200-1500 per square foot. On the other hand, for a luxury mall the cost of construction is Rs 2,800 per square foot and that of interiors Rs 3,500 per sq ft, almost double of a standard mall.
India's largest real estate developer DLF, which rolled out its plans of luxury mall, Emporia, almost two-and-a-half year's back, is bullish about the luxury retail market in India. "Luxury brands have good potential in India. The product has to be one that offers a mix reflective of class, economic status and ambience. We will be looking at metros and super metros in the near future to build more such luxury one-stop destinations with the best names in the market," asserts Rajeev Talwar, group executive director, DLF. UB Group's luxury mall, The Collection, located in UB city in Bangalore, is scheduled to start operations this year. It will house brands such as Louis Vuitton, Salvatore Ferragamo, Canali, Rolex, Omega, Dunhill, Mont Blanc, Zegna, Gucci and Kimaya.
Courtesy: ET March 7, 2008
Sunday, March 9, 2008
THERE’S NO REAL ESTATE BUBBLE HERE
HOMES ARE 3 TIMES MORE AFFORDABLE TODAY THAN THEY WERE 10 YEARS AGO: HDFC’S MISTRY.
The absence of exotic, complex home loans have helped stave off a sub prime like crisis in India, according to HDFC managing director Keki Mistry.
“There are several reasons why India has been shielded from the sub prime crisis. Indian borrowers are typically debtaverse and cautious, simple plain vanilla home loans are offered and not exotic complex products, the loan-to-value ratios are conservative, the securitisation and structured product market is still in a nascent stage and the central bank has been vigilant and has taken pre-emptive measures to prevent asset bubbles,” said Mr Mistry, in his speech at the Corenet Global Summit this week.
Quality of mortgage assets worldwide has come into focus, following the sub prime crisis in the US. In India, home loans have been growing at over 30% for 3-4 years on the back of increase in the number of borrowers and a sharp rise in property values. In the US, the sub prime crisis was triggered by aggressive lenders, extending uniquely structure loans where repayments were backended against equated monthly installments (EMIs) in India.
Moreover, loans were provided to even those without adequate income against the security of the property. These loans turned bad when the borrowers could not repay and the property values fell. Mr Mistry pointed out that although the housing shortage indicated that owning their home was beyond the reach of many, affordability had increased three-fold in the last 10 years.
“Compared to, say, about 10 years ago, where it took close to 15 times one’s annual income to buy a home in a Mumbai suburb, today this ratio has come down to 4.9 times. But the key reason why affordability has improved is due to a substantial rise in incomes, as job opportunities have increased manifold. Other factors that have contributed to increased affordability are relatively stable and moderate interest rates and tax incentives.” He added that as a result of rising incomes today, the average age of a person availing a housing loan is in the mid-30s. Despite a healthy supply of residential accommodation, especially in tier-II cities, the strong demand has ensured a healthy price appreciation across the country, said Mr Mistry.
He added that some areas that saw an extraordinary run-up in prices include places like Gurgaon, Noida and Whitefield in Bangalore. Parts of Pune and Mumbai have seen a correction recently. “The important thing about the residential real estate sector in India is that most of the end users are genuine. In fact, most are first time home buyers. Today, I believe speculators in the residential markets are not prominent,” he said.
Courtesy-: ET 7 March, 2008
The absence of exotic, complex home loans have helped stave off a sub prime like crisis in India, according to HDFC managing director Keki Mistry.
“There are several reasons why India has been shielded from the sub prime crisis. Indian borrowers are typically debtaverse and cautious, simple plain vanilla home loans are offered and not exotic complex products, the loan-to-value ratios are conservative, the securitisation and structured product market is still in a nascent stage and the central bank has been vigilant and has taken pre-emptive measures to prevent asset bubbles,” said Mr Mistry, in his speech at the Corenet Global Summit this week.
Quality of mortgage assets worldwide has come into focus, following the sub prime crisis in the US. In India, home loans have been growing at over 30% for 3-4 years on the back of increase in the number of borrowers and a sharp rise in property values. In the US, the sub prime crisis was triggered by aggressive lenders, extending uniquely structure loans where repayments were backended against equated monthly installments (EMIs) in India.
Moreover, loans were provided to even those without adequate income against the security of the property. These loans turned bad when the borrowers could not repay and the property values fell. Mr Mistry pointed out that although the housing shortage indicated that owning their home was beyond the reach of many, affordability had increased three-fold in the last 10 years.
“Compared to, say, about 10 years ago, where it took close to 15 times one’s annual income to buy a home in a Mumbai suburb, today this ratio has come down to 4.9 times. But the key reason why affordability has improved is due to a substantial rise in incomes, as job opportunities have increased manifold. Other factors that have contributed to increased affordability are relatively stable and moderate interest rates and tax incentives.” He added that as a result of rising incomes today, the average age of a person availing a housing loan is in the mid-30s. Despite a healthy supply of residential accommodation, especially in tier-II cities, the strong demand has ensured a healthy price appreciation across the country, said Mr Mistry.
He added that some areas that saw an extraordinary run-up in prices include places like Gurgaon, Noida and Whitefield in Bangalore. Parts of Pune and Mumbai have seen a correction recently. “The important thing about the residential real estate sector in India is that most of the end users are genuine. In fact, most are first time home buyers. Today, I believe speculators in the residential markets are not prominent,” he said.
Courtesy-: ET 7 March, 2008
Saturday, March 8, 2008
G NOIDA MAY GET 1ST FINANCE PARK
Knowledge parks, software parks & SEZs are now passé, as the Greater Noida Industrial Development Authority (GNIDA) now plans to develop, what will probably be the country's first Financial Park. To be spread over an area of 100 acre, the park apart from housing companies from financial services sector (insurance, banking, brokerage, asset management, consulting) will also boast of a stock exchange at a later stage.
"The initiative is part of developing Greater Noida as a future city. We have asked in-house consultants to prepare a project report. The report has already been documented and sent to the authority. It is expected to be formalized within a period of one month," GNIDA chairman Lalit Srivastava told ET.
The GNIDA intends to earmark over Rs 50 crore for land development purpose. "Currently, we are in the process of inviting all financial companies and regulators. The land will be allocated to the interested parties through a biding process," disclosed Mr Srivastava.
Further, a confessionals rate is expected to be offered by the GNIDA for development
and creation of required facilities at the proposed site. "This is so because each financial firm will require a different set up specific to their needs," he explained.
Though the GNIDA hasn't finalised the location, Mr Srivastava said that it will be somewhere Saurabh Deb enroots the planned road that will connect sector-62 with Greater Noida. "We are constructing a 130 meter road which will connect it to the proposed site," he said. As far as the exchange is concerned, Mr Srivastava clarified that it could depend upon the regulator; however, a small & medium enterprise exchange cannot be ruled out. The initiative to develop a financial hub at Greater Noida is yet another attempt of GNIDA to be at par with the best cities in the world. The GNIDA already follows an Ecotech concept, as part of which only zero pollution industries are allowed to set up office in the city. Companies such as Honda Sale, LG, Pepsi, Denso India, Yamaha, Moser Baer and Videocon already have a presence in the city.
http://www.zameen-zaidad.com
Courtesy Friday 7th March E.T, 2008
"The initiative is part of developing Greater Noida as a future city. We have asked in-house consultants to prepare a project report. The report has already been documented and sent to the authority. It is expected to be formalized within a period of one month," GNIDA chairman Lalit Srivastava told ET.
The GNIDA intends to earmark over Rs 50 crore for land development purpose. "Currently, we are in the process of inviting all financial companies and regulators. The land will be allocated to the interested parties through a biding process," disclosed Mr Srivastava.
Further, a confessionals rate is expected to be offered by the GNIDA for development
and creation of required facilities at the proposed site. "This is so because each financial firm will require a different set up specific to their needs," he explained.
Though the GNIDA hasn't finalised the location, Mr Srivastava said that it will be somewhere Saurabh Deb enroots the planned road that will connect sector-62 with Greater Noida. "We are constructing a 130 meter road which will connect it to the proposed site," he said. As far as the exchange is concerned, Mr Srivastava clarified that it could depend upon the regulator; however, a small & medium enterprise exchange cannot be ruled out. The initiative to develop a financial hub at Greater Noida is yet another attempt of GNIDA to be at par with the best cities in the world. The GNIDA already follows an Ecotech concept, as part of which only zero pollution industries are allowed to set up office in the city. Companies such as Honda Sale, LG, Pepsi, Denso India, Yamaha, Moser Baer and Videocon already have a presence in the city.
http://www.zameen-zaidad.com
Courtesy Friday 7th March E.T, 2008
G NOIDA MAY GET 1ST FINANCE PARK
Knowledge parks, software parks & SEZs are now passé, as the Greater Noida Industrial Development Authority (GNIDA) now plans to develop, what will probably be the country's first Financial Park. To be spread over an area of 100 acre, the park apart from housing companies from financial services sector (insurance, banking, brokerage, asset management, consulting) will also boast of a stock exchange at a later stage.
"The initiative is part of developing Greater Noida as a future city. We have asked in-house consultants to prepare a project report. The report has already been documented and sent to the authority. It is expected to be formalized within a period of one month," GNIDA chairman Lalit Srivastava told ET.
The GNIDA intends to earmark over Rs 50 crore for land development purpose. "Currently, we are in the process of inviting all financial companies and regulators. The land will be allocated to the interested parties through a biding process," disclosed Mr Srivastava.
Further, a confessionals rate is expected to be offered by the GNIDA for development
and creation of required facilities at the proposed site. "This is so because each financial firm will require a different set up specific to their needs," he explained.
Though the GNIDA hasn't finalised the location, Mr Srivastava said that it will be somewhere Saurabh Deb enroots the planned road that will connect sector-62 with Greater Noida. "We are constructing a 130 meter road which will connect it to the proposed site," he said. As far as the exchange is concerned, Mr Srivastava clarified that it could depend upon the regulator; however, a small & medium enterprise exchange cannot be ruled out. The initiative to develop a financial hub at Greater Noida is yet another attempt of GNIDA to be at par with the best cities in the world. The GNIDA already follows an Ecotech concept, as part of which only zero pollution industries are allowed to set up office in the city. Companies such as Honda Sale, LG, Pepsi, Denso India, Yamaha, Moser Baer and Videocon already have a presence in the city.
http://www.zameen-zaidad.com
Courtesy Friday 7th March E.T, 2008
"The initiative is part of developing Greater Noida as a future city. We have asked in-house consultants to prepare a project report. The report has already been documented and sent to the authority. It is expected to be formalized within a period of one month," GNIDA chairman Lalit Srivastava told ET.
The GNIDA intends to earmark over Rs 50 crore for land development purpose. "Currently, we are in the process of inviting all financial companies and regulators. The land will be allocated to the interested parties through a biding process," disclosed Mr Srivastava.
Further, a confessionals rate is expected to be offered by the GNIDA for development
and creation of required facilities at the proposed site. "This is so because each financial firm will require a different set up specific to their needs," he explained.
Though the GNIDA hasn't finalised the location, Mr Srivastava said that it will be somewhere Saurabh Deb enroots the planned road that will connect sector-62 with Greater Noida. "We are constructing a 130 meter road which will connect it to the proposed site," he said. As far as the exchange is concerned, Mr Srivastava clarified that it could depend upon the regulator; however, a small & medium enterprise exchange cannot be ruled out. The initiative to develop a financial hub at Greater Noida is yet another attempt of GNIDA to be at par with the best cities in the world. The GNIDA already follows an Ecotech concept, as part of which only zero pollution industries are allowed to set up office in the city. Companies such as Honda Sale, LG, Pepsi, Denso India, Yamaha, Moser Baer and Videocon already have a presence in the city.
http://www.zameen-zaidad.com
Courtesy Friday 7th March E.T, 2008
Friday, March 7, 2008
PARSVNATH BEGINS CONSTRUCTION IN SONEPAT
Parsvnath Developers Ltd., India's leading real estate developers announced the start of construction of 'Parsvnath Preston', a high-end group housing residential project, in Sonepat, Haryana. The expected realization from the project is over Rs 500 crore in the next three years, including this financial year the project is spread over a saleable area of 2.2 million sq.ft. Pradeep Jain, Chairman, Parsvnath Developers Ltd. said, "Preston has all the amenities and facilities and will cater to the demand of buyers who are on the lookout for their dream house at an affordable price close to Delhi. Keeping in view the requirements of our esteemed customers the company has also introduced special EMI reimbursement scheme to provide substantial benefits in payment plans".
Courtesy:HT ESTATES 8 March, 2008
Courtesy:HT ESTATES 8 March, 2008
PARSVNATH BEGINS CONSTRUCTION IN SONEPAT
Parsvnath Developers Ltd., India's leading real estate developers announced the start of construction of 'Parsvnath Preston', a high-end group housing residential project, in Sonepat, Haryana. The expected realization from the project is over Rs 500 crore in the next three years, including this financial year the project is spread over a saleable area of 2.2 million sq.ft. Pradeep Jain, Chairman, Parsvnath Developers Ltd. said, "Preston has all the amenities and facilities and will cater to the demand of buyers who are on the lookout for their dream house at an affordable price close to Delhi. Keeping in view the requirements of our esteemed customers the company has also introduced special EMI reimbursement scheme to provide substantial benefits in payment plans".
Courtesy:HT ESTATES 8 March, 2008
Courtesy:HT ESTATES 8 March, 2008
UNITECH TO INVEST RS 9000 CR IN HYDERABAD
Unitech, the country's second largest realty firm, has bagged two real estate projects in Hyderabad that it would develop over the next eight years at an investment of about Rs. 9,000 crore. According to sources, the company has bagged a mixed use project located at Budvel from Hyderabad Urban Development Authority (HUDA) for development of residential, commercial and retail space over 164 acre of land. The total investment on this project would be Rs 3,000 crore, including about Rs 664 crore for land, they added.
Unitech has also bagged a project from Andhra Pradesh Industrial Infrastructure Development Corporation Ltd (APIIDC) to develop an integrated airport township in Hyderabad on public-private partnership.
Courtesy: HT ESTATES 7 March 2008
Unitech has also bagged a project from Andhra Pradesh Industrial Infrastructure Development Corporation Ltd (APIIDC) to develop an integrated airport township in Hyderabad on public-private partnership.
Courtesy: HT ESTATES 7 March 2008
UNITECH TO INVEST RS 9000 CR IN HYDERABAD
Unitech, the country's second largest realty firm, has bagged two real estate projects in Hyderabad that it would develop over the next eight years at an investment of about Rs. 9,000 crore. According to sources, the company has bagged a mixed use project located at Budvel from Hyderabad Urban Development Authority (HUDA) for development of residential, commercial and retail space over 164 acre of land. The total investment on this project would be Rs 3,000 crore, including about Rs 664 crore for land, they added.
Unitech has also bagged a project from Andhra Pradesh Industrial Infrastructure Development Corporation Ltd (APIIDC) to develop an integrated airport township in Hyderabad on public-private partnership.
Unitech has also bagged a project from Andhra Pradesh Industrial Infrastructure Development Corporation Ltd (APIIDC) to develop an integrated airport township in Hyderabad on public-private partnership.
Thursday, March 6, 2008
GURGAON IN GLOOM
Gurgaon, the fading dream of a Millennium city, is battling a power crisis that has seen power cuts up to 12 hours in winter. And now with summer on us, there is a mad scramble for inyerters and generators, an expensive proposition besides being unfriendly to the environment.
Sixty-two-year-old Vijay Malhotra, a resident of DLF Phase –IV, says living in Gurgaon is a big drain on resources. “We had to buy a generator just a week back –I invested Rs 3 lakh,” he says. “That’s a huge investment besides, I still pay a huge electricity bill. The crisis became so acute last year that my daughter-in-law had to shift to Delhi. I hold the government responsible.”
Most residents of Gurgaon had moved for a brtter quality of life. They now feel cheated. And what rankles most is the fact the crisis is entirely manmade. That’s the grime below the glitter. Developers have been issued licences at random and even the severe power crunch has not deterred the government from mocking the people by clearing a master plan to enlarge Gurgaon to three times its present size. Most plans for setting up plants have a 2009-2010 deadline and hold little hope for those who are now cursing they moved to Gurgaon.
There is going to be more growth without infrastructure till the city bloats to a point of collapse, people say. And officials are aware of this. They have thrown up their hands after pointing out that the demand for power in Gurgaon is increasing by 28% and availability is much less than requirement.
“The combined electricity requirement of Gurgaon and Faridabad is equivalent to the total power demand of Himachal Pradesh and meeting that demand is a huge task,” says Dakshin Haryana Bijli Vitaran Nigam {DHBVN} managing director vijayendra Kumar.” We are hopeful of getting at least 500 MW for entire Haryana in the next three months from the Yamuna Nagar plant. That additional supply will bring some relief to urban areas.”
“The major cause of the crisis is nonavilability of power. The present demand of Gurgaon is 1.2 crore units a day and we get only 75 lakh units,” explains superintending engineer A K Jain of the Nigam. “Additional supply from Yamuna Nagar should bring some relief.”
Haryana has about 4,068 MW of power avilable daily of which it generates only 1,587 MW. The state wants to generate an additional 5,000 MW daily by 2010 but that,s three years away. In the first phase, a 300-MW capacity unit has become operational in Yamuna Nagar and a second unit of same capacity will be synchronised this month. How this power is distributed remains to be seen with many political and farm lobbies at work.
About 1,200 MW will be made ayilable from the hissar thermal power plant. The first unit of 600 MW will be operationl in December 2009 and the second in March 2010. the state will also get 750 MW state will also get 750 MW from the upcoming 1500 MW Aravali plant in Jhajjar. The three units -------each of 500 MW---------- are scheduled to be completed in April, June and August of 2010.
So, there is no immediate relief in sigh and all hopes for now are pinned on the supply from the Yamuna Nagar plant. Official estimastes show that during non-peak hours Gurgaon’s power demand peak hours it’s about 550 MW. At any given time, the power supply falls short by least 100 MW.
In the neighbouring capital of Delhi, there are only two categories of power consumers -----domestic and non-domestic {commercial and industrial}. But in Gurgaon, there are three----agricultural,domestic and non-domestic.
The agriculture sector consumes 20-25% of the power aailable,domestic consumers another 40%.
Consumers hae learnt the hard way not trust officials.”We had a tough time een during the winter and then they had said that only winter rain could bring some relief. They will come up with some other excuse to pass the buck. Actually, they are clueless and don’t know how to deal with the situation,” says BS Tripathy, a resident of Sector-23.
www.zameen-zaidad.com
Courtesy:Times City Tuesday march 4 ,2008
Sixty-two-year-old Vijay Malhotra, a resident of DLF Phase –IV, says living in Gurgaon is a big drain on resources. “We had to buy a generator just a week back –I invested Rs 3 lakh,” he says. “That’s a huge investment besides, I still pay a huge electricity bill. The crisis became so acute last year that my daughter-in-law had to shift to Delhi. I hold the government responsible.”
Most residents of Gurgaon had moved for a brtter quality of life. They now feel cheated. And what rankles most is the fact the crisis is entirely manmade. That’s the grime below the glitter. Developers have been issued licences at random and even the severe power crunch has not deterred the government from mocking the people by clearing a master plan to enlarge Gurgaon to three times its present size. Most plans for setting up plants have a 2009-2010 deadline and hold little hope for those who are now cursing they moved to Gurgaon.
There is going to be more growth without infrastructure till the city bloats to a point of collapse, people say. And officials are aware of this. They have thrown up their hands after pointing out that the demand for power in Gurgaon is increasing by 28% and availability is much less than requirement.
“The combined electricity requirement of Gurgaon and Faridabad is equivalent to the total power demand of Himachal Pradesh and meeting that demand is a huge task,” says Dakshin Haryana Bijli Vitaran Nigam {DHBVN} managing director vijayendra Kumar.” We are hopeful of getting at least 500 MW for entire Haryana in the next three months from the Yamuna Nagar plant. That additional supply will bring some relief to urban areas.”
“The major cause of the crisis is nonavilability of power. The present demand of Gurgaon is 1.2 crore units a day and we get only 75 lakh units,” explains superintending engineer A K Jain of the Nigam. “Additional supply from Yamuna Nagar should bring some relief.”
Haryana has about 4,068 MW of power avilable daily of which it generates only 1,587 MW. The state wants to generate an additional 5,000 MW daily by 2010 but that,s three years away. In the first phase, a 300-MW capacity unit has become operational in Yamuna Nagar and a second unit of same capacity will be synchronised this month. How this power is distributed remains to be seen with many political and farm lobbies at work.
About 1,200 MW will be made ayilable from the hissar thermal power plant. The first unit of 600 MW will be operationl in December 2009 and the second in March 2010. the state will also get 750 MW state will also get 750 MW from the upcoming 1500 MW Aravali plant in Jhajjar. The three units -------each of 500 MW---------- are scheduled to be completed in April, June and August of 2010.
So, there is no immediate relief in sigh and all hopes for now are pinned on the supply from the Yamuna Nagar plant. Official estimastes show that during non-peak hours Gurgaon’s power demand peak hours it’s about 550 MW. At any given time, the power supply falls short by least 100 MW.
In the neighbouring capital of Delhi, there are only two categories of power consumers -----domestic and non-domestic {commercial and industrial}. But in Gurgaon, there are three----agricultural,domestic and non-domestic.
The agriculture sector consumes 20-25% of the power aailable,domestic consumers another 40%.
Consumers hae learnt the hard way not trust officials.”We had a tough time een during the winter and then they had said that only winter rain could bring some relief. They will come up with some other excuse to pass the buck. Actually, they are clueless and don’t know how to deal with the situation,” says BS Tripathy, a resident of Sector-23.
www.zameen-zaidad.com
Courtesy:Times City Tuesday march 4 ,2008
GURGAON IN GLOOM
Gurgaon, the fading dream of a Millennium city, is battling a power crisis that has seen power cuts up to 12 hours in winter. And now with summer on us, there is a mad scramble for inyerters and generators, an expensive proposition besides being unfriendly to the environment.
Sixty-two-year-old Vijay Malhotra, a resident of DLF Phase –IV, says living in Gurgaon is a big drain on resources. “We had to buy a generator just a week back –I invested Rs 3 lakh,” he says. “That’s a huge investment besides, I still pay a huge electricity bill. The crisis became so acute last year that my daughter-in-law had to shift to Delhi. I hold the government responsible.”
Most residents of Gurgaon had moved for a brtter quality of life. They now feel cheated. And what rankles most is the fact the crisis is entirely manmade. That’s the grime below the glitter. Developers have been issued licences at random and even the severe power crunch has not deterred the government from mocking the people by clearing a master plan to enlarge Gurgaon to three times its present size. Most plans for setting up plants have a 2009-2010 deadline and hold little hope for those who are now cursing they moved to Gurgaon.
There is going to be more growth without infrastructure till the city bloats to a point of collapse, people say. And officials are aware of this. They have thrown up their hands after pointing out that the demand for power in Gurgaon is increasing by 28% and availability is much less than requirement.
“The combined electricity requirement of Gurgaon and Faridabad is equivalent to the total power demand of Himachal Pradesh and meeting that demand is a huge task,” says Dakshin Haryana Bijli Vitaran Nigam {DHBVN} managing director vijayendra Kumar.” We are hopeful of getting at least 500 MW for entire Haryana in the next three months from the Yamuna Nagar plant. That additional supply will bring some relief to urban areas.”
“The major cause of the crisis is nonavilability of power. The present demand of Gurgaon is 1.2 crore units a day and we get only 75 lakh units,” explains superintending engineer A K Jain of the Nigam. “Additional supply from Yamuna Nagar should bring some relief.”
Haryana has about 4,068 MW of power avilable daily of which it generates only 1,587 MW. The state wants to generate an additional 5,000 MW daily by 2010 but that,s three years away. In the first phase, a 300-MW capacity unit has become operational in Yamuna Nagar and a second unit of same capacity will be synchronised this month. How this power is distributed remains to be seen with many political and farm lobbies at work.
About 1,200 MW will be made ayilable from the hissar thermal power plant. The first unit of 600 MW will be operationl in December 2009 and the second in March 2010. the state will also get 750 MW state will also get 750 MW from the upcoming 1500 MW Aravali plant in Jhajjar. The three units -------each of 500 MW---------- are scheduled to be completed in April, June and August of 2010.
So, there is no immediate relief in sigh and all hopes for now are pinned on the supply from the Yamuna Nagar plant. Official estimastes show that during non-peak hours Gurgaon’s power demand peak hours it’s about 550 MW. At any given time, the power supply falls short by least 100 MW.
In the neighbouring capital of Delhi, there are only two categories of power consumers -----domestic and non-domestic {commercial and industrial}. But in Gurgaon, there are three----agricultural,domestic and non-domestic.
The agriculture sector consumes 20-25% of the power aailable,domestic consumers another 40%.
Consumers hae learnt the hard way not trust officials.”We had a tough time een during the winter and then they had said that only winter rain could bring some relief. They will come up with some other excuse to pass the buck. Actually, they are clueless and don’t know how to deal with the situation,” says BS Tripathy, a resident of Sector-23.
www.zameen-zaidad.com
Courtesy:Times City Tuesday march 4 ,2008
Sixty-two-year-old Vijay Malhotra, a resident of DLF Phase –IV, says living in Gurgaon is a big drain on resources. “We had to buy a generator just a week back –I invested Rs 3 lakh,” he says. “That’s a huge investment besides, I still pay a huge electricity bill. The crisis became so acute last year that my daughter-in-law had to shift to Delhi. I hold the government responsible.”
Most residents of Gurgaon had moved for a brtter quality of life. They now feel cheated. And what rankles most is the fact the crisis is entirely manmade. That’s the grime below the glitter. Developers have been issued licences at random and even the severe power crunch has not deterred the government from mocking the people by clearing a master plan to enlarge Gurgaon to three times its present size. Most plans for setting up plants have a 2009-2010 deadline and hold little hope for those who are now cursing they moved to Gurgaon.
There is going to be more growth without infrastructure till the city bloats to a point of collapse, people say. And officials are aware of this. They have thrown up their hands after pointing out that the demand for power in Gurgaon is increasing by 28% and availability is much less than requirement.
“The combined electricity requirement of Gurgaon and Faridabad is equivalent to the total power demand of Himachal Pradesh and meeting that demand is a huge task,” says Dakshin Haryana Bijli Vitaran Nigam {DHBVN} managing director vijayendra Kumar.” We are hopeful of getting at least 500 MW for entire Haryana in the next three months from the Yamuna Nagar plant. That additional supply will bring some relief to urban areas.”
“The major cause of the crisis is nonavilability of power. The present demand of Gurgaon is 1.2 crore units a day and we get only 75 lakh units,” explains superintending engineer A K Jain of the Nigam. “Additional supply from Yamuna Nagar should bring some relief.”
Haryana has about 4,068 MW of power avilable daily of which it generates only 1,587 MW. The state wants to generate an additional 5,000 MW daily by 2010 but that,s three years away. In the first phase, a 300-MW capacity unit has become operational in Yamuna Nagar and a second unit of same capacity will be synchronised this month. How this power is distributed remains to be seen with many political and farm lobbies at work.
About 1,200 MW will be made ayilable from the hissar thermal power plant. The first unit of 600 MW will be operationl in December 2009 and the second in March 2010. the state will also get 750 MW state will also get 750 MW from the upcoming 1500 MW Aravali plant in Jhajjar. The three units -------each of 500 MW---------- are scheduled to be completed in April, June and August of 2010.
So, there is no immediate relief in sigh and all hopes for now are pinned on the supply from the Yamuna Nagar plant. Official estimastes show that during non-peak hours Gurgaon’s power demand peak hours it’s about 550 MW. At any given time, the power supply falls short by least 100 MW.
In the neighbouring capital of Delhi, there are only two categories of power consumers -----domestic and non-domestic {commercial and industrial}. But in Gurgaon, there are three----agricultural,domestic and non-domestic.
The agriculture sector consumes 20-25% of the power aailable,domestic consumers another 40%.
Consumers hae learnt the hard way not trust officials.”We had a tough time een during the winter and then they had said that only winter rain could bring some relief. They will come up with some other excuse to pass the buck. Actually, they are clueless and don’t know how to deal with the situation,” says BS Tripathy, a resident of Sector-23.
www.zameen-zaidad.com
Courtesy:Times City Tuesday march 4 ,2008
Wednesday, March 5, 2008
MULTI-LEVEL PARKING LOTS GET OFF THE BLOCKS
The number of vehicle on Delhi’s roads is s staggering 51 lakh and five lakh more get added every year. In the long run a good integrated mass public transport system is the answer to traffic chaos and parking woes, but multi-level automated parking lots arebeing seen as the feasible mid term solution. The NDMC has started construction work on three automated multi-level parking lots while MCD has started work on one in Kamla Nagar and expects to commission work at four south Delhi commercial hubs by January. Here is a glimpse of how easy parking will get in the next two years in Connaught Place, Sarojini Nagar , Lajpat Nagar , Defence Colony and Greater Kailash.
The desperate search of parking slots before dashing in for important office meetings and fights with parking lot attendants may become a thing of the past once the automated parking lots at Kasturba Gandhi Marg and Baba Khadak Singh Marg opposite state emporia complex become operational.
The parking lots that will look like malls are expected to be ready in two years’time.
The NDMC is constructing three parking lots (Baba Khadak Singh Marg, Sarojini Nagar and Kasturba Gandhi Marg) as part of the infrastructure augmentation plan for Commonwealth Games 2010. Two floors in each of these buildings will have shopping areas and retail in keeping with Master Plan 2021 provision that permit commercial use of up to 25 per cent in multi-level parking lots. Director Projects, NDMC Anurag Goyal said the drivers will just have to drive into the lobby and leave their car there.
The cars will be hauled up with elevator shafts that will push the car into vacant slots.
The cars are then placed on metallic plates and arranged in racks that can move up and down and sideways so that the slots nearest to the elevators are available for depositing new arrivals. The whole system is electronically controlled.
The car can be retrieved within three minutes of punching or swiping the receiver with a smart card. The rotating floor in the lobby will turn the car and make it possible to drive away without reversing the car.
The spokesperson of DS Constructions that has undertaken the construction of the 14 storey high parking lot behind the Hindustan Times building, said that the existing surface parking could accommodate approximately 350 cars only. “ Once the new structure is completed, as many as 1,600 cars can be parked inside it. The capacity will take care of the needs of the next thirty years, the period during which the builder will maintain the parking lot before it is transferred to then municipality,” he said.
The parking ticket cost will remain Rs 10 per hour, NDMC officials said while adding that rates cannot be so steep that people stop using the lots. There will be separate parking bays for the physically handicapped and elderly persons. There will be multiple entry points and the parking lot available at the nearest entry point is indicated when a person drives in, the developers said. The payment can be made at the ticketing booth at the exit point where the operator will indicate the toll to be paid.
www.zameen-zaidad.com
The desperate search of parking slots before dashing in for important office meetings and fights with parking lot attendants may become a thing of the past once the automated parking lots at Kasturba Gandhi Marg and Baba Khadak Singh Marg opposite state emporia complex become operational.
The parking lots that will look like malls are expected to be ready in two years’time.
The NDMC is constructing three parking lots (Baba Khadak Singh Marg, Sarojini Nagar and Kasturba Gandhi Marg) as part of the infrastructure augmentation plan for Commonwealth Games 2010. Two floors in each of these buildings will have shopping areas and retail in keeping with Master Plan 2021 provision that permit commercial use of up to 25 per cent in multi-level parking lots. Director Projects, NDMC Anurag Goyal said the drivers will just have to drive into the lobby and leave their car there.
The cars will be hauled up with elevator shafts that will push the car into vacant slots.
The cars are then placed on metallic plates and arranged in racks that can move up and down and sideways so that the slots nearest to the elevators are available for depositing new arrivals. The whole system is electronically controlled.
The car can be retrieved within three minutes of punching or swiping the receiver with a smart card. The rotating floor in the lobby will turn the car and make it possible to drive away without reversing the car.
The spokesperson of DS Constructions that has undertaken the construction of the 14 storey high parking lot behind the Hindustan Times building, said that the existing surface parking could accommodate approximately 350 cars only. “ Once the new structure is completed, as many as 1,600 cars can be parked inside it. The capacity will take care of the needs of the next thirty years, the period during which the builder will maintain the parking lot before it is transferred to then municipality,” he said.
The parking ticket cost will remain Rs 10 per hour, NDMC officials said while adding that rates cannot be so steep that people stop using the lots. There will be separate parking bays for the physically handicapped and elderly persons. There will be multiple entry points and the parking lot available at the nearest entry point is indicated when a person drives in, the developers said. The payment can be made at the ticketing booth at the exit point where the operator will indicate the toll to be paid.
www.zameen-zaidad.com
MULTI-LEVEL PARKING LOTS GET OFF THE BLOCKS
The number of vehicle on Delhi’s roads is s staggering 51 lakh and five lakh more get added every year. In the long run a good integrated mass public transport system is the answer to traffic chaos and parking woes, but multi-level automated parking lots arebeing seen as the feasible mid term solution. The NDMC has started construction work on three automated multi-level parking lots while MCD has started work on one in Kamla Nagar and expects to commission work at four south Delhi commercial hubs by January. Here is a glimpse of how easy parking will get in the next two years in Connaught Place, Sarojini Nagar , Lajpat Nagar , Defence Colony and Greater Kailash.
The desperate search of parking slots before dashing in for important office meetings and fights with parking lot attendants may become a thing of the past once the automated parking lots at Kasturba Gandhi Marg and Baba Khadak Singh Marg opposite state emporia complex become operational.
The parking lots that will look like malls are expected to be ready in two years’time.
The NDMC is constructing three parking lots (Baba Khadak Singh Marg, Sarojini Nagar and Kasturba Gandhi Marg) as part of the infrastructure augmentation plan for Commonwealth Games 2010. Two floors in each of these buildings will have shopping areas and retail in keeping with Master Plan 2021 provision that permit commercial use of up to 25 per cent in multi-level parking lots. Director Projects, NDMC Anurag Goyal said the drivers will just have to drive into the lobby and leave their car there.
The cars will be hauled up with elevator shafts that will push the car into vacant slots.
The cars are then placed on metallic plates and arranged in racks that can move up and down and sideways so that the slots nearest to the elevators are available for depositing new arrivals. The whole system is electronically controlled.
The car can be retrieved within three minutes of punching or swiping the receiver with a smart card. The rotating floor in the lobby will turn the car and make it possible to drive away without reversing the car.
The spokesperson of DS Constructions that has undertaken the construction of the 14 storey high parking lot behind the Hindustan Times building, said that the existing surface parking could accommodate approximately 350 cars only. “ Once the new structure is completed, as many as 1,600 cars can be parked inside it. The capacity will take care of the needs of the next thirty years, the period during which the builder will maintain the parking lot before it is transferred to then municipality,” he said.
The parking ticket cost will remain Rs 10 per hour, NDMC officials said while adding that rates cannot be so steep that people stop using the lots. There will be separate parking bays for the physically handicapped and elderly persons. There will be multiple entry points and the parking lot available at the nearest entry point is indicated when a person drives in, the developers said. The payment can be made at the ticketing booth at the exit point where the operator will indicate the toll to be paid.
www.zameen-zaidad.com
Courtecy:HT ESTATES 12 January 2008
The desperate search of parking slots before dashing in for important office meetings and fights with parking lot attendants may become a thing of the past once the automated parking lots at Kasturba Gandhi Marg and Baba Khadak Singh Marg opposite state emporia complex become operational.
The parking lots that will look like malls are expected to be ready in two years’time.
The NDMC is constructing three parking lots (Baba Khadak Singh Marg, Sarojini Nagar and Kasturba Gandhi Marg) as part of the infrastructure augmentation plan for Commonwealth Games 2010. Two floors in each of these buildings will have shopping areas and retail in keeping with Master Plan 2021 provision that permit commercial use of up to 25 per cent in multi-level parking lots. Director Projects, NDMC Anurag Goyal said the drivers will just have to drive into the lobby and leave their car there.
The cars will be hauled up with elevator shafts that will push the car into vacant slots.
The cars are then placed on metallic plates and arranged in racks that can move up and down and sideways so that the slots nearest to the elevators are available for depositing new arrivals. The whole system is electronically controlled.
The car can be retrieved within three minutes of punching or swiping the receiver with a smart card. The rotating floor in the lobby will turn the car and make it possible to drive away without reversing the car.
The spokesperson of DS Constructions that has undertaken the construction of the 14 storey high parking lot behind the Hindustan Times building, said that the existing surface parking could accommodate approximately 350 cars only. “ Once the new structure is completed, as many as 1,600 cars can be parked inside it. The capacity will take care of the needs of the next thirty years, the period during which the builder will maintain the parking lot before it is transferred to then municipality,” he said.
The parking ticket cost will remain Rs 10 per hour, NDMC officials said while adding that rates cannot be so steep that people stop using the lots. There will be separate parking bays for the physically handicapped and elderly persons. There will be multiple entry points and the parking lot available at the nearest entry point is indicated when a person drives in, the developers said. The payment can be made at the ticketing booth at the exit point where the operator will indicate the toll to be paid.
www.zameen-zaidad.com
Courtecy:HT ESTATES 12 January 2008
Tuesday, March 4, 2008
VAASTU FOR PROSPERITY
As per vaastu, the northern direction is conducive to financial prosperity and health. The Lord of Wealth, Kuber, rules it. Business communities in India therefore continue to worship him on Diwali day. Kuber, reigns in the north along with Soma, the Lord of the Moon and Health. The moon is at its best as it traverses from the northwest to the northeast. Many healing herbs also bloom in the north, especially in the mountains.
THE HISTORY
IN the epic of the Ramayana, when Lord Rama was scouting for the sanjeevani herb, Lord Hanuman went northwards to the Himalayas to fetch it for him. By storing therapeutic products and medicines in the northern part of the house, we protect their healing properties.
If you are on the look out for success, try facing the north. You will receive the blessings of Lord Kuber and Soma, health and wealth, including spiritual wealth.
The following points should be kept in mind while building a house:
There should be many open spaces in the northern direction.
The door in the north should be bigger and wider than those in the southern or western directions.
THE RIGHT DIRECTION
The slope of the building should be in the north to bring in continuous financial prosperity and good health.
Since the north is the direction for the Lord Kuber, a closure in this direction would imply an obstacle to gowing wealth and prosperity. However, if it cannot be removed, place an aquarium or a small fountain in the north.
The boundary wall in the north should be smaller than the one in the southern direction of the house. This is an essential point that should not be missed.
Though the north is an indicator of a person’s financial status and growth, oyher direction should also be checked to ensure that they are in proper ordr to avoid any negative influences relating to wealth.
http://www.zameen-zaidad.com
THE HISTORY
IN the epic of the Ramayana, when Lord Rama was scouting for the sanjeevani herb, Lord Hanuman went northwards to the Himalayas to fetch it for him. By storing therapeutic products and medicines in the northern part of the house, we protect their healing properties.
If you are on the look out for success, try facing the north. You will receive the blessings of Lord Kuber and Soma, health and wealth, including spiritual wealth.
The following points should be kept in mind while building a house:
There should be many open spaces in the northern direction.
The door in the north should be bigger and wider than those in the southern or western directions.
THE RIGHT DIRECTION
The slope of the building should be in the north to bring in continuous financial prosperity and good health.
Since the north is the direction for the Lord Kuber, a closure in this direction would imply an obstacle to gowing wealth and prosperity. However, if it cannot be removed, place an aquarium or a small fountain in the north.
The boundary wall in the north should be smaller than the one in the southern direction of the house. This is an essential point that should not be missed.
Though the north is an indicator of a person’s financial status and growth, oyher direction should also be checked to ensure that they are in proper ordr to avoid any negative influences relating to wealth.
http://www.zameen-zaidad.com
VAASTU FOR PROSPERITY
As per vaastu, the northern direction is conducive to financial prosperity and health. The Lord of Wealth, Kuber, rules it. Business communities in India therefore continue to worship him on Diwali day. Kuber, reigns in the north along with Soma, the Lord of the Moon and Health. The moon is at its best as it traverses from the northwest to the northeast. Many healing herbs also bloom in the north, especially in the mountains.
THE HISTORY
IN the epic of the Ramayana, when Lord Rama was scouting for the sanjeevani herb, Lord Hanuman went northwards to the Himalayas to fetch it for him. By storing therapeutic products and medicines in the northern part of the house, we protect their healing properties.
If you are on the look out for success, try facing the north. You will receive the blessings of Lord Kuber and Soma, health and wealth, including spiritual wealth.
The following points should be kept in mind while building a house:
There should be many open spaces in the northern direction.
The door in the north should be bigger and wider than those in the southern or western directions.
THE RIGHT DIRECTION
The slope of the building should be in the north to bring in continuous financial prosperity and good health.
Since the north is the direction for the Lord Kuber, a closure in this direction would imply an obstacle to gowing wealth and prosperity. However, if it cannot be removed, place an aquarium or a small fountain in the north.
The boundary wall in the north should be smaller than the one in the southern direction of the house. This is an essential point that should not be missed.
Though the north is an indicator of a person’s financial status and growth, oyher direction should also be checked to ensure that they are in proper ordr to avoid any negative influences relating to wealth.
http://www.zameen-zaidad.com
THE HISTORY
IN the epic of the Ramayana, when Lord Rama was scouting for the sanjeevani herb, Lord Hanuman went northwards to the Himalayas to fetch it for him. By storing therapeutic products and medicines in the northern part of the house, we protect their healing properties.
If you are on the look out for success, try facing the north. You will receive the blessings of Lord Kuber and Soma, health and wealth, including spiritual wealth.
The following points should be kept in mind while building a house:
There should be many open spaces in the northern direction.
The door in the north should be bigger and wider than those in the southern or western directions.
THE RIGHT DIRECTION
The slope of the building should be in the north to bring in continuous financial prosperity and good health.
Since the north is the direction for the Lord Kuber, a closure in this direction would imply an obstacle to gowing wealth and prosperity. However, if it cannot be removed, place an aquarium or a small fountain in the north.
The boundary wall in the north should be smaller than the one in the southern direction of the house. This is an essential point that should not be missed.
Though the north is an indicator of a person’s financial status and growth, oyher direction should also be checked to ensure that they are in proper ordr to avoid any negative influences relating to wealth.
http://www.zameen-zaidad.com
NOIDA: TURNING SAND TO GOLD
NOIDA, the largest industrial town in Asia, has apartments and duplexes to cater to the locals and the housing demands of booth the locals and the NRIs, says Rai Umaraopati Ray.
New Okhla Industrial Development Authority, or NOIDA, was development in the 1970s a a modern industrial city under the UP Industrial Area Development Act, 1976 Three decades old, the region today boasts of a complete makeover and looks nothing like the outcaste, infrastructurallyweak city it once was. Industrially, NOIDA was, since conception, an advanced town, but what has left the country dazed is the frenzied pace at which development in its residential and entertainment sector has taken place, providing further impetus to its industrial growth.
REAPING PROFITS
“I have been living in london for last 30 years and it was sometime in early 1980 that I purchased a piece of land in NOIDA for some Rs 2 lakh. That piece of land, which was bought merely as an investment option, today stands at Rs 3 crore and is perhaps the simply unbelievable and I am sure there must be many like me who are now reaping the benefits of once investing in this barren land,” says Vinod Shukla, an NRI who is planning to settle in NOIDA.
FULFILLING DEMANDS
It was perhaps the industrial development in NOIDA that led many people to buy houses there and tapping upon this burgeoning demand, the builders turned sand into gold. In fac t, owing to extensive property development, NOIDA, the largest industrial town in Asia, has apartments and duplexes to cater to the housing demands of both the locals and the NRIs. Many corporates are setting base in the region and the manpower working in these have made NOIDA their abode. Numberous MNCs and industries are attracting the youth from all over, resulting in sky-rocketing rates of rented accommodation. Owing to the influx of many working professionals, in NOIDA, the demand for flats and apartments has encouraged home builders to construct plush residential colonies and carry out swanky real estate development in NOIDA.
Alok Sinha, who has been a part of the NOIDA realty development for almost a decade now, is puite proud of the develoment this region has witnessed in the last few years. “Noida was a barren land with just a few industries to its credit, but today, people from Delhi and other NCR town come here to look for some posh entertainment option. The infrastructure has improved, the roads are broad and maintained, the water supply is getting better and a lot of institution and industries have come up. The NOIDA of the yesteryears is history,” says this real-estate veteran.
ADDING FEATHERS
NOIDA today is an important constituent of the national Capital Region as it boasts of some of the most magnificent malls, architecturally brilliant buildings and lavish flats and apartments with amenities like swimming pools, club house, gymnasiums etc. In fact, projects like Radisson Hotel, along with other hotels in NOIDA, the Waves Cinema, prestigious schools, universities like Amity, and malls which can put international shopping places to shame, are numerous feathers sitting proudly in Noida’s cap.
NOIDA WAS A BARREN LAND WITH JUST A FEW INDUSTRIES TO ITS CREDIT, BUT TODAY, PEOPLE FROM DELHI AND OTHER NCR TOWNS COME HERE TO LOOK FOR SOME POSH ENTERAINMENT OPTIONS. THE INFRASTRUCTURE HAS IMPROVED, THE ROADS ARE BROAD AND MAINTAINED, THE WATER SUPPLY IS GETTING BETTER AND A LOT OF INSTITUTIONS AND INDUSTRIES HAVE COME UP.
COURTESY:HT ETATES HOMES Friday, February 29, 2008
New Okhla Industrial Development Authority, or NOIDA, was development in the 1970s a a modern industrial city under the UP Industrial Area Development Act, 1976 Three decades old, the region today boasts of a complete makeover and looks nothing like the outcaste, infrastructurallyweak city it once was. Industrially, NOIDA was, since conception, an advanced town, but what has left the country dazed is the frenzied pace at which development in its residential and entertainment sector has taken place, providing further impetus to its industrial growth.
REAPING PROFITS
“I have been living in london for last 30 years and it was sometime in early 1980 that I purchased a piece of land in NOIDA for some Rs 2 lakh. That piece of land, which was bought merely as an investment option, today stands at Rs 3 crore and is perhaps the simply unbelievable and I am sure there must be many like me who are now reaping the benefits of once investing in this barren land,” says Vinod Shukla, an NRI who is planning to settle in NOIDA.
FULFILLING DEMANDS
It was perhaps the industrial development in NOIDA that led many people to buy houses there and tapping upon this burgeoning demand, the builders turned sand into gold. In fac t, owing to extensive property development, NOIDA, the largest industrial town in Asia, has apartments and duplexes to cater to the housing demands of both the locals and the NRIs. Many corporates are setting base in the region and the manpower working in these have made NOIDA their abode. Numberous MNCs and industries are attracting the youth from all over, resulting in sky-rocketing rates of rented accommodation. Owing to the influx of many working professionals, in NOIDA, the demand for flats and apartments has encouraged home builders to construct plush residential colonies and carry out swanky real estate development in NOIDA.
Alok Sinha, who has been a part of the NOIDA realty development for almost a decade now, is puite proud of the develoment this region has witnessed in the last few years. “Noida was a barren land with just a few industries to its credit, but today, people from Delhi and other NCR town come here to look for some posh entertainment option. The infrastructure has improved, the roads are broad and maintained, the water supply is getting better and a lot of institution and industries have come up. The NOIDA of the yesteryears is history,” says this real-estate veteran.
ADDING FEATHERS
NOIDA today is an important constituent of the national Capital Region as it boasts of some of the most magnificent malls, architecturally brilliant buildings and lavish flats and apartments with amenities like swimming pools, club house, gymnasiums etc. In fact, projects like Radisson Hotel, along with other hotels in NOIDA, the Waves Cinema, prestigious schools, universities like Amity, and malls which can put international shopping places to shame, are numerous feathers sitting proudly in Noida’s cap.
NOIDA WAS A BARREN LAND WITH JUST A FEW INDUSTRIES TO ITS CREDIT, BUT TODAY, PEOPLE FROM DELHI AND OTHER NCR TOWNS COME HERE TO LOOK FOR SOME POSH ENTERAINMENT OPTIONS. THE INFRASTRUCTURE HAS IMPROVED, THE ROADS ARE BROAD AND MAINTAINED, THE WATER SUPPLY IS GETTING BETTER AND A LOT OF INSTITUTIONS AND INDUSTRIES HAVE COME UP.
COURTESY:HT ETATES HOMES Friday, February 29, 2008
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