on PARAMOUNT ORCHID
CROSSINGS REPUBLIC NH-24
After the overwhelming response met by Paramount Symphony, Paramount Is back with its new addition in the form of Paramount Orchid, a living option embracing all the on luxuries of fine living at an unbelievable price.
All this in the 360 acre township of Crossings Republic, promising an international lifestyle of world acclaim with lush green surroundings, a gold course, a lake, mall, places and leisure spots. All this has led to quick response and on the spot bookings leaving behind only a few flats. So burry before it’s too late!
The luxuries
• on ACs in all the rooms
• Reticulated Gas supply
• Business Lounge
• Cafeteria
• Health Club & SPA
• Fully ventilated units with an international lifestyle of Singapore
• Non-Pollution Zone (Battery operated Cars for visitors)
• Swimming Pool
• Indoor/Outdoor Games
• Laundromat
• Daily need Shopping Area
• Joggers Park
• on Lush Green Area
• Car Sensor system
• Wi-Fi Connectivity
• Kids Zone
• 24 Hour Hi-tech Security
Courtesy:- TOI dt:- 08-08-09
Thursday, August 13, 2009
METRO: THE GREAT REALTY HOPE
Delhi Metro Rail Corporation had a direct impact on Delhi’s real estate values from the time the first line from Tis Hazari to Shahdara was commissioned in 2002. As new lines race across NCR, realtors and users alike are agog, recession notwithstanding, finds Brix Research
When the Delhi Metro started in Rohini, Pitampura and Dilshad Garden, property values increased manifold. With easy accessibility as the key, demand for residential and commercial properties also increased in areas close by. According to Ajay Agarwal, a Delhi-based realtor, “People prefer living within a 1-km radius of the Metro, specially the working class and students, who constitute the majority of Metro users.” Agarwal found that the value of a plot that he sold in 2003 in Rohini at Rs 15 lakh, now retailed at Rs 70-80 lakh. “The capital and the rental values of residential properties near the Metro have increased significantly,” says Agarwal.
Now take the case of Dwarka sub-city, which was languishing without usage till 2004. From 2005 onwards, development of infrastructure projects such as flyovers and other transport linkages began to draw a working population to the area, with ample affordable housing. The progress of the Metro across Dwarka spelled hope to many who braved severe traffic congestion till the line was commissioned in 2006. All this has led to a spurt in demand for both residential and commercial property here.
According to city-based agent, Sanjeev Mahindru, “Dwarka real estate values have increased 5-10 times compared with 2005 values, and Metro played an important role in this. Today Dwarka has become a preferred area for those working in Connaught Place, Rajendra Nagar and Rohini. The fact that the values are lower than in Gurgaon, and many prime Delhi localities, also prompts users to move here. The prime residential sectors adjoining the Metro are Sectors 9-14, where capital and rental values are high owing to rising demand. Prime commercial Sectors — 4, 5, 6, 10, 11, and 12 — also have high values owing to proximity to the Metro line.”
With Metro connectivity, Janakpuri along the ‘blue line’ (of the Metro) has also witnessed positive sentiments. End users prefer to stay in localities that are close to the Metro line. Rajat Sadhwani, a local realtor, says residential capital values in localities within a 1-km radius of the Metro have increased by 15-20% and rental values by 20-25%. Commercial values too have risen by 35-45%. Sadhwani, in fact, has noticed end users from South Delhi shifting or investing in these areas as property values are low compared to South Delhi. “Secondly Metro has made life more comfortable and safe for women and children,” he says. The sub-city’s head start in Metro connectivity over South Delhi has worked in its favour.
South Delhi: Construction of a Metro line to South Delhi is in full swing. Real estate values in the South Delhi market have always been very high. Due to negative sentiments, property rates have gone down by approximately 20-30% from December ‘08 values. The Metro construction work is slated to finish within a year and is expected to result in an immediate 10-15% rise in values. South Delhi-based realtor Sanjeet Sharma says the market is not as good as it was in the pre-recession era, but transactions are happening because investors are aware that with Metro coming to South Delhi, there will be hike in property values.
As for Noida, real estate broker Ravi Pundir, says, “Real estate values of Noida are already so high that we are expecting values to remain stable at least for this year. Though Metro will add value to property in Noida, it will take time to revise the city values.”
End users from Delhi and Noida are shifting to Ghaziabad, where active real estate development has led to a glut in affordable residential property. They are in demand because of lower values than neighbouring areas. Many housing projects are coming up in different parts of the city. Values in prime residential localities like Vaishali, Vasundhara, Kaushambi and Indirapuram are high and are expected to rise by 25-30% once Metro has a complete run in the city.
Ravinder Singh, a Ghaziabad based realtor says, “Metro has added value to the city’s real estate sector. Approximately, 70% of working class is now investing in the residential property of Ghaziabad due to affordable property rates. The Commonwealth Games and the Metro are major role players in the booming of the city’s real estate sector.” Singh expects that after commissioning of the Metro, values might rise by 25-30%.
In Gurgaon, the Metro is expected to be operational by June 2010. According to realtor S K Mehta, end users prefer Sushant Lok Phase 1 - Block A, B, C - due to their proximity to Metro. He further adds that there is a spurt in enquiries for rental and capital values in these blocks. The property values are expected to rise by 15-20%, once the Metro is commissioned. He further told Brix Research, “Though Gurgaon is one of the happening places, due to a lack of connectivity, end users preferred to stay in Delhi. Now, with the coming of Metro, Gurgaon real estate market will be targeted by working class and students as well”.
One of the main reasons for high prices in the Delhi NCR reality market may be attributed to the Metro. End users and investors are now putting money in those localities with easy Metro accessibility, with property values that had either dropped or were stable due to the current global recession, expected to rise every time a new Metro line is flagged off from a locality in the Delhi NCR.
Courtesy:- TOI dt:- 08-08-09
When the Delhi Metro started in Rohini, Pitampura and Dilshad Garden, property values increased manifold. With easy accessibility as the key, demand for residential and commercial properties also increased in areas close by. According to Ajay Agarwal, a Delhi-based realtor, “People prefer living within a 1-km radius of the Metro, specially the working class and students, who constitute the majority of Metro users.” Agarwal found that the value of a plot that he sold in 2003 in Rohini at Rs 15 lakh, now retailed at Rs 70-80 lakh. “The capital and the rental values of residential properties near the Metro have increased significantly,” says Agarwal.
Now take the case of Dwarka sub-city, which was languishing without usage till 2004. From 2005 onwards, development of infrastructure projects such as flyovers and other transport linkages began to draw a working population to the area, with ample affordable housing. The progress of the Metro across Dwarka spelled hope to many who braved severe traffic congestion till the line was commissioned in 2006. All this has led to a spurt in demand for both residential and commercial property here.
According to city-based agent, Sanjeev Mahindru, “Dwarka real estate values have increased 5-10 times compared with 2005 values, and Metro played an important role in this. Today Dwarka has become a preferred area for those working in Connaught Place, Rajendra Nagar and Rohini. The fact that the values are lower than in Gurgaon, and many prime Delhi localities, also prompts users to move here. The prime residential sectors adjoining the Metro are Sectors 9-14, where capital and rental values are high owing to rising demand. Prime commercial Sectors — 4, 5, 6, 10, 11, and 12 — also have high values owing to proximity to the Metro line.”
With Metro connectivity, Janakpuri along the ‘blue line’ (of the Metro) has also witnessed positive sentiments. End users prefer to stay in localities that are close to the Metro line. Rajat Sadhwani, a local realtor, says residential capital values in localities within a 1-km radius of the Metro have increased by 15-20% and rental values by 20-25%. Commercial values too have risen by 35-45%. Sadhwani, in fact, has noticed end users from South Delhi shifting or investing in these areas as property values are low compared to South Delhi. “Secondly Metro has made life more comfortable and safe for women and children,” he says. The sub-city’s head start in Metro connectivity over South Delhi has worked in its favour.
South Delhi: Construction of a Metro line to South Delhi is in full swing. Real estate values in the South Delhi market have always been very high. Due to negative sentiments, property rates have gone down by approximately 20-30% from December ‘08 values. The Metro construction work is slated to finish within a year and is expected to result in an immediate 10-15% rise in values. South Delhi-based realtor Sanjeet Sharma says the market is not as good as it was in the pre-recession era, but transactions are happening because investors are aware that with Metro coming to South Delhi, there will be hike in property values.
As for Noida, real estate broker Ravi Pundir, says, “Real estate values of Noida are already so high that we are expecting values to remain stable at least for this year. Though Metro will add value to property in Noida, it will take time to revise the city values.”
End users from Delhi and Noida are shifting to Ghaziabad, where active real estate development has led to a glut in affordable residential property. They are in demand because of lower values than neighbouring areas. Many housing projects are coming up in different parts of the city. Values in prime residential localities like Vaishali, Vasundhara, Kaushambi and Indirapuram are high and are expected to rise by 25-30% once Metro has a complete run in the city.
Ravinder Singh, a Ghaziabad based realtor says, “Metro has added value to the city’s real estate sector. Approximately, 70% of working class is now investing in the residential property of Ghaziabad due to affordable property rates. The Commonwealth Games and the Metro are major role players in the booming of the city’s real estate sector.” Singh expects that after commissioning of the Metro, values might rise by 25-30%.
In Gurgaon, the Metro is expected to be operational by June 2010. According to realtor S K Mehta, end users prefer Sushant Lok Phase 1 - Block A, B, C - due to their proximity to Metro. He further adds that there is a spurt in enquiries for rental and capital values in these blocks. The property values are expected to rise by 15-20%, once the Metro is commissioned. He further told Brix Research, “Though Gurgaon is one of the happening places, due to a lack of connectivity, end users preferred to stay in Delhi. Now, with the coming of Metro, Gurgaon real estate market will be targeted by working class and students as well”.
One of the main reasons for high prices in the Delhi NCR reality market may be attributed to the Metro. End users and investors are now putting money in those localities with easy Metro accessibility, with property values that had either dropped or were stable due to the current global recession, expected to rise every time a new Metro line is flagged off from a locality in the Delhi NCR.
Courtesy:- TOI dt:- 08-08-09
Tuesday, August 11, 2009
METRO: THE GREAT REALTY HOPE
Delhi Metro Rail Corporation had a direct impact on Delhi’s real estate values from the time the first line from Tis Hazari to Shahdara was commissioned in 2002. As new lines race across NCR, realtors and users alike are agog, recession notwithstanding, finds Brix Research
When the Delhi Metro started in Rohini, Pitampura and Dilshad Garden, property values increased manifold. With easy accessibility as the key, demand for residential and commercial properties also increased in areas close by. According to Ajay Agarwal, a Delhi-based realtor, “People prefer living within a 1-km radius of the Metro, specially the working class and students, who constitute the majority of Metro users.” Agarwal found that the value of a plot that he sold in 2003 in Rohini at Rs 15 lakh, now retailed at Rs 70-80 lakh. “The capital and the rental values of residential properties near the Metro have increased significantly,” says Agarwal.
Now take the case of Dwarka sub-city, which was languishing without usage till 2004. From 2005 onwards, development of infrastructure projects such as flyovers and other transport linkages began to draw a working population to the area, with ample affordable housing. The progress of the Metro across Dwarka spelled hope to many who braved severe traffic congestion till the line was commissioned in 2006. All this has led to a spurt in demand for both residential and commercial property here.
According to city-based agent, Sanjeev Mahindru, “Dwarka real estate values have increased 5-10 times compared with 2005 values, and Metro played an important role in this. Today Dwarka has become a preferred area for those working in Connaught Place, Rajendra Nagar and Rohini. The fact that the values are lower than in Gurgaon, and many prime Delhi localities, also prompts users to move here. The prime residential sectors adjoining the Metro are Sectors 9-14, where capital and rental values are high owing to rising demand. Prime commercial Sectors — 4, 5, 6, 10, 11, and 12 — also have high values owing to proximity to the Metro line.”
With Metro connectivity, Janakpuri along the ‘blue line’ (of the Metro) has also witnessed positive sentiments. End users prefer to stay in localities that are close to the Metro line. Rajat Sadhwani, a local realtor, says residential capital values in localities within a 1-km radius of the Metro have increased by 15-20% and rental values by 20-25%. Commercial values too have risen by 35-45%. Sadhwani, in fact, has noticed end users from South Delhi shifting or investing in these areas as property values are low compared to South Delhi. “Secondly Metro has made life more comfortable and safe for women and children,” he says. The sub-city’s head start in Metro connectivity over South Delhi has worked in its favour.
South Delhi: Construction of a Metro line to South Delhi is in full swing. Real estate values in the South Delhi market have always been very high. Due to negative sentiments, property rates have gone down by approximately 20-30% from December ‘08 values. The Metro construction work is slated to finish within a year and is expected to result in an immediate 10-15% rise in values. South Delhi-based realtor Sanjeet Sharma says the market is not as good as it was in the pre-recession era, but transactions are happening because investors are aware that with Metro coming to South Delhi, there will be hike in property values.
As for Noida, real estate broker Ravi Pundir, says, “Real estate values of Noida are already so high that we are expecting values to remain stable at least for this year. Though Metro will add value to property in Noida, it will take time to revise the city values.”
End users from Delhi and Noida are shifting to Ghaziabad, where active real estate development has led to a glut in affordable residential property. They are in demand because of lower values than neighbouring areas. Many housing projects are coming up in different parts of the city. Values in prime residential localities like Vaishali, Vasundhara, Kaushambi and Indirapuram are high and are expected to rise by 25-30% once Metro has a complete run in the city.
Ravinder Singh, a Ghaziabad based realtor says, “Metro has added value to the city’s real estate sector. Approximately, 70% of working class is now investing in the residential property of Ghaziabad due to affordable property rates. The Commonwealth Games and the Metro are major role players in the booming of the city’s real estate sector.” Singh expects that after commissioning of the Metro, values might rise by 25-30%.
In Gurgaon, the Metro is expected to be operational by June 2010. According to realtor S K Mehta, end users prefer Sushant Lok Phase 1 - Block A, B, C - due to their proximity to Metro. He further adds that there is a spurt in enquiries for rental and capital values in these blocks. The property values are expected to rise by 15-20%, once the Metro is commissioned. He further told Brix Research, “Though Gurgaon is one of the happening places, due to a lack of connectivity, end users preferred to stay in Delhi. Now, with the coming of Metro, Gurgaon real estate market will be targeted by working class and students as well”.
One of the main reasons for high prices in the Delhi NCR reality market may be attributed to the Metro. End users and investors are now putting money in those localities with easy Metro accessibility, with property values that had either dropped or were stable due to the current global recession, expected to rise every time a new Metro line is flagged off from a locality in the Delhi NCR.
Courtesy:- TOI dt:- 08-08-09
When the Delhi Metro started in Rohini, Pitampura and Dilshad Garden, property values increased manifold. With easy accessibility as the key, demand for residential and commercial properties also increased in areas close by. According to Ajay Agarwal, a Delhi-based realtor, “People prefer living within a 1-km radius of the Metro, specially the working class and students, who constitute the majority of Metro users.” Agarwal found that the value of a plot that he sold in 2003 in Rohini at Rs 15 lakh, now retailed at Rs 70-80 lakh. “The capital and the rental values of residential properties near the Metro have increased significantly,” says Agarwal.
Now take the case of Dwarka sub-city, which was languishing without usage till 2004. From 2005 onwards, development of infrastructure projects such as flyovers and other transport linkages began to draw a working population to the area, with ample affordable housing. The progress of the Metro across Dwarka spelled hope to many who braved severe traffic congestion till the line was commissioned in 2006. All this has led to a spurt in demand for both residential and commercial property here.
According to city-based agent, Sanjeev Mahindru, “Dwarka real estate values have increased 5-10 times compared with 2005 values, and Metro played an important role in this. Today Dwarka has become a preferred area for those working in Connaught Place, Rajendra Nagar and Rohini. The fact that the values are lower than in Gurgaon, and many prime Delhi localities, also prompts users to move here. The prime residential sectors adjoining the Metro are Sectors 9-14, where capital and rental values are high owing to rising demand. Prime commercial Sectors — 4, 5, 6, 10, 11, and 12 — also have high values owing to proximity to the Metro line.”
With Metro connectivity, Janakpuri along the ‘blue line’ (of the Metro) has also witnessed positive sentiments. End users prefer to stay in localities that are close to the Metro line. Rajat Sadhwani, a local realtor, says residential capital values in localities within a 1-km radius of the Metro have increased by 15-20% and rental values by 20-25%. Commercial values too have risen by 35-45%. Sadhwani, in fact, has noticed end users from South Delhi shifting or investing in these areas as property values are low compared to South Delhi. “Secondly Metro has made life more comfortable and safe for women and children,” he says. The sub-city’s head start in Metro connectivity over South Delhi has worked in its favour.
South Delhi: Construction of a Metro line to South Delhi is in full swing. Real estate values in the South Delhi market have always been very high. Due to negative sentiments, property rates have gone down by approximately 20-30% from December ‘08 values. The Metro construction work is slated to finish within a year and is expected to result in an immediate 10-15% rise in values. South Delhi-based realtor Sanjeet Sharma says the market is not as good as it was in the pre-recession era, but transactions are happening because investors are aware that with Metro coming to South Delhi, there will be hike in property values.
As for Noida, real estate broker Ravi Pundir, says, “Real estate values of Noida are already so high that we are expecting values to remain stable at least for this year. Though Metro will add value to property in Noida, it will take time to revise the city values.”
End users from Delhi and Noida are shifting to Ghaziabad, where active real estate development has led to a glut in affordable residential property. They are in demand because of lower values than neighbouring areas. Many housing projects are coming up in different parts of the city. Values in prime residential localities like Vaishali, Vasundhara, Kaushambi and Indirapuram are high and are expected to rise by 25-30% once Metro has a complete run in the city.
Ravinder Singh, a Ghaziabad based realtor says, “Metro has added value to the city’s real estate sector. Approximately, 70% of working class is now investing in the residential property of Ghaziabad due to affordable property rates. The Commonwealth Games and the Metro are major role players in the booming of the city’s real estate sector.” Singh expects that after commissioning of the Metro, values might rise by 25-30%.
In Gurgaon, the Metro is expected to be operational by June 2010. According to realtor S K Mehta, end users prefer Sushant Lok Phase 1 - Block A, B, C - due to their proximity to Metro. He further adds that there is a spurt in enquiries for rental and capital values in these blocks. The property values are expected to rise by 15-20%, once the Metro is commissioned. He further told Brix Research, “Though Gurgaon is one of the happening places, due to a lack of connectivity, end users preferred to stay in Delhi. Now, with the coming of Metro, Gurgaon real estate market will be targeted by working class and students as well”.
One of the main reasons for high prices in the Delhi NCR reality market may be attributed to the Metro. End users and investors are now putting money in those localities with easy Metro accessibility, with property values that had either dropped or were stable due to the current global recession, expected to rise every time a new Metro line is flagged off from a locality in the Delhi NCR.
Courtesy:- TOI dt:- 08-08-09
MORE SPACE MORE LUXURY
PARAMOUNT ORCHID
CROSSINGS REPUBLIC NH-24
After the overwhelming response met by Paramount Symphony, Paramount Is back with its new addition in the form of Paramount Orchid, a living option embracing all the luxuries of fine living at an unbelievable price.
All this in the 360 acre township of Crossings Republic, promising an international lifestyle of world acclaim with lush green surroundings, a gold course, a lake, mall, places and leisure spots. All this has led to quick response and on the spot bookings leaving behind only a few flats. So burry before it’s too late!
The luxuries
• ACs in all the rooms
• Reticulated Gas supply
• Business Lounge
• Cafeteria
• Health Club & SPA
• Fully ventilated units with an international lifestyle of Singapore
• Non-Pollution Zone (Battery operated Cars for visitors)
• Swimming Pool
• Indoor/Outdoor Games
• Laundromat
• Daily need Shopping Area
• Joggers Park
• Lush Green Area
• Car Sensor system
• Wi-Fi Connectivity
• Kids Zone
• 24 Hour Hi-tech Security
Courtesy:- TOI dt:- 08-08-09
PARAMOUNT ORCHID
CROSSINGS REPUBLIC NH-24
After the overwhelming response met by Paramount Symphony, Paramount Is back with its new addition in the form of Paramount Orchid, a living option embracing all the luxuries of fine living at an unbelievable price.
All this in the 360 acre township of Crossings Republic, promising an international lifestyle of world acclaim with lush green surroundings, a gold course, a lake, mall, places and leisure spots. All this has led to quick response and on the spot bookings leaving behind only a few flats. So burry before it’s too late!
The luxuries
• ACs in all the rooms
• Reticulated Gas supply
• Business Lounge
• Cafeteria
• Health Club & SPA
• Fully ventilated units with an international lifestyle of Singapore
• Non-Pollution Zone (Battery operated Cars for visitors)
• Swimming Pool
• Indoor/Outdoor Games
• Laundromat
• Daily need Shopping Area
• Joggers Park
• Lush Green Area
• Car Sensor system
• Wi-Fi Connectivity
• Kids Zone
• 24 Hour Hi-tech Security
Courtesy:- TOI dt:- 08-08-09
Monday, August 10, 2009
TILL DATE WE DON’T KNOW WHETHER WE MADE THESE HOME FOR YOU, OR US?
Heads, for you. Tails for us! But this coin remains standing. Our obsession with quality, down to the slightest details has provoked many to comment that the kind of care that has gone into the making of GC Grand is only reserved for one’s own home. we agree. Therefore, the luxury at GC Grand spans the whole premises, right from the security booth to the rooftop swimming pool & spa.
The security booth (often the most neglected feature on any property) here does not come in the form of a basic structure but has counter fop made of Korean Marble, besides the high and cameras and electronic entry cards for visitors. Another example of quality and details is the passageways which have been studded with Marble plates at the corners. This slight detail prevents the walls at the corners from staining while affording easy washing and great aesthetics. Even the wardrobes in the bedrooms have not escaped innovation. We knew the clientele of this property will be the refined and the affluent, naturally they’d be requiring wardrobes that are larger than usual. Therefore, the wardrobes were custom designed with more height to have two tiers of hangar rows having a mechanism that allows easy access to it.
Then there are the soft close cabinets and drawers and toilet seat covers that without banging even if you push hard. And a host of other features besides the lounges (given below). This is just a glimpse, a very tiny window to the luxurious world of GC Grand. Add to all this the stringent quality standards synonymous with Gulshan Homz creations. Zero compromise on material and craftsmanship combined with the best in class fittings and fixtures, makes these home nothing short of an asset that deserves to be flaunted.
In short, the finest, the most luxurious homes in the whole of indirapuram.
• WELCOME LOUNGE
Entrance lobby with kitchen service for your gustes, serviced by professionals.
• KIDS LOUNGE
An elaborate crèche within the premises looked after by professionals.
• BUSINESS LOUNGE
To take care of all your business needs, equipped with all the office automation system
• PARTY LOUNGE
Elaborate banquet facilities for gatherings and parties for you to play the proud host.
• CLUB LOUNGE
Rooftop swimming pool, gymnasium & spa.
• SKY LOUNGE
Beautiful common area on every third floor where you can come and unwind at your leisure.
• THREE TIER ZX SECURITY
Camera, intercom & surveillance systems covering the gate, complex and all the corridors
• COMPLETE LAUNDROMAT
Equipped with washers & driers of industrial power for speedy washing.
Courtesy:- TOI dt:- 08-08-09
The security booth (often the most neglected feature on any property) here does not come in the form of a basic structure but has counter fop made of Korean Marble, besides the high and cameras and electronic entry cards for visitors. Another example of quality and details is the passageways which have been studded with Marble plates at the corners. This slight detail prevents the walls at the corners from staining while affording easy washing and great aesthetics. Even the wardrobes in the bedrooms have not escaped innovation. We knew the clientele of this property will be the refined and the affluent, naturally they’d be requiring wardrobes that are larger than usual. Therefore, the wardrobes were custom designed with more height to have two tiers of hangar rows having a mechanism that allows easy access to it.
Then there are the soft close cabinets and drawers and toilet seat covers that without banging even if you push hard. And a host of other features besides the lounges (given below). This is just a glimpse, a very tiny window to the luxurious world of GC Grand. Add to all this the stringent quality standards synonymous with Gulshan Homz creations. Zero compromise on material and craftsmanship combined with the best in class fittings and fixtures, makes these home nothing short of an asset that deserves to be flaunted.
In short, the finest, the most luxurious homes in the whole of indirapuram.
• WELCOME LOUNGE
Entrance lobby with kitchen service for your gustes, serviced by professionals.
• KIDS LOUNGE
An elaborate crèche within the premises looked after by professionals.
• BUSINESS LOUNGE
To take care of all your business needs, equipped with all the office automation system
• PARTY LOUNGE
Elaborate banquet facilities for gatherings and parties for you to play the proud host.
• CLUB LOUNGE
Rooftop swimming pool, gymnasium & spa.
• SKY LOUNGE
Beautiful common area on every third floor where you can come and unwind at your leisure.
• THREE TIER ZX SECURITY
Camera, intercom & surveillance systems covering the gate, complex and all the corridors
• COMPLETE LAUNDROMAT
Equipped with washers & driers of industrial power for speedy washing.
Courtesy:- TOI dt:- 08-08-09
TASTEFUL HOME FOR THOSE WITH TASTE
L.A.City,Dehradun sits comfortable tucked away in the heart of nature’s tranquil serenity. This city is a unique combination of untouched nature and luxurious living, a lush green paradise spread over acres that brings together the best of townhouse living. Designed with meticulous planning from aesthetics to the finest details, this href=”http://www.zameen-zaidad.com/real-estate-dharuhera.aspx”>residential triumph is designed purely for the purpose of taking your life to extraordinary new heights.
L.A. City is about ultra apacious layouts in the lap of magical ambience. A place that invites a sense of fun. A contemporary canvas for your personal style is it eclectic, minimalist, vintage or modern.
FIRST EVER GOVT. APPROVED SPA TOWNSHIP ------- L.A. City (Dehradun)
Villas & Plots
• Shopping complex
• Recreational club
• Café & Rest-o-bar
• Five Theme parks
• Kindergarten
• 24 Hrs. Medical Center
• Fitness Center
• Putting Greens
• Lawn Tennis Court
Courtesy:- TOI dt:- 08-08-09
L.A. City is about ultra apacious layouts in the lap of magical ambience. A place that invites a sense of fun. A contemporary canvas for your personal style is it eclectic, minimalist, vintage or modern.
FIRST EVER GOVT. APPROVED SPA TOWNSHIP ------- L.A. City (Dehradun)
Villas & Plots
• Shopping complex
• Recreational club
• Café & Rest-o-bar
• Five Theme parks
• Kindergarten
• 24 Hrs. Medical Center
• Fitness Center
• Putting Greens
• Lawn Tennis Court
Courtesy:- TOI dt:- 08-08-09
Thursday, August 6, 2009
Distress sales can be avoided in real estate
AND, more importantly, importantly, they can avoid distress sales and hang on to higher property prices.
But some say the new interpretation, informally being spoken about by government officials, should not apply to deals that were singed before. “It (the new clarification) can have a significant impact on FDI in real estate sector. At best, it should apply prospectively,” said Price water house Coopers financial service practice tax leader Punit Shah. “The existing FDI,” said Mr. Shah “was done on the basis of earlier interpretation.”
In the original investment documents, signed at the peak of the property boom, the builders had agreed to pay back bulk of the money after one or two years. Local builders and global property funds resorted to new financial structures that helped them side-step FDI restrictions; and more importantly bring in money that was essentially debt but could masquerade as equity.
Indian property firms
and special purpose vehicle floated by them issued a new security called compulsory convertible debentures (CCDs) to foreign funds while promoters signed a simultaneous agreement in which they agreed to buy back the CCDs after one or two years at a pre-agreed price.
Starved of institutional finance,it was a desperate, expensive and risky mechanism to bring in money. But few cared as property prices rose, real estate emerged as a new asset class and everybody thought that the boom would last forever.
Today, real estate stocks have dropped, property buyers who were pure investors have left the market and deals are few and far between. “Since the chips are down, builders are pushing for a new interpretation of the FDI norms. In the last few years, no one objected to the rules,” said the country head of private equity firm which is looking for an exit.
While a clarification on the lock-in may not go down well among foreign funds, who would be stuck for a few more years, the government may give in to a formidable lobby.
But some say the new interpretation, informally being spoken about by government officials, should not apply to deals that were singed before. “It (the new clarification) can have a significant impact on FDI in real estate sector. At best, it should apply prospectively,” said Price water house Coopers financial service practice tax leader Punit Shah. “The existing FDI,” said Mr. Shah “was done on the basis of earlier interpretation.”
In the original investment documents, signed at the peak of the property boom, the builders had agreed to pay back bulk of the money after one or two years. Local builders and global property funds resorted to new financial structures that helped them side-step FDI restrictions; and more importantly bring in money that was essentially debt but could masquerade as equity.
Indian property firms
and special purpose vehicle floated by them issued a new security called compulsory convertible debentures (CCDs) to foreign funds while promoters signed a simultaneous agreement in which they agreed to buy back the CCDs after one or two years at a pre-agreed price.
Starved of institutional finance,it was a desperate, expensive and risky mechanism to bring in money. But few cared as property prices rose, real estate emerged as a new asset class and everybody thought that the boom would last forever.
Today, real estate stocks have dropped, property buyers who were pure investors have left the market and deals are few and far between. “Since the chips are down, builders are pushing for a new interpretation of the FDI norms. In the last few years, no one objected to the rules,” said the country head of private equity firm which is looking for an exit.
While a clarification on the lock-in may not go down well among foreign funds, who would be stuck for a few more years, the government may give in to a formidable lobby.
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