Real Estate

Retail sector turns shopper-centric

2010-02-13T00:18:00.000-08:00

Retail sector in Delhi has moved ahead, shedding off its traditional image and evolving into a more shopper-centric destination, especially in West and North Delhi. Brix Research surveys the scene
Retail sector has made a paradigm shift from being a row of shops located on the roadside to moving into showrooms in a four-walled structure. The "Mall culture" has given an extra edge to retail market. It took some time in the beginning for people to accept and adapt to the emerging culture, but gradually, shopping is now all bout a mall experience.
With change in shopping pattern, most consumers look for a more efficient and serviced shopping experience. Trends are changing, and now, nobody wants to roam around under a scorching sun and hop shops to purchase assorted items like groceries, toiletries and clothes, each from a different shop. Today, people want one-stop shopping where they find everything under one roof.
There are a few areas in Delhi whose profile has changed drastically after the advent of shopping malls and shopping complexes, like Rajouri Garden, Pitampura, Wazirpur, Rohini and Shalimar Bagh.
Malls spree — Rajouri Garden
Rajouri Garden in West Delhi is one of the busiest mall hubs. With five functional malls - Lifestyle, TDI, City Square, West Gate and Paragon Mall - the place is jam-packed on weekends and one can have a torrid time hunting for parking space near these complexes.
Santosh Kumar, a property dealer in West Delhi, says: "Earlier, in 2006-07, these malls were lying vacant and there were hardly any footfalls. But now, they have become very popular and receive a large number of footfalls."
Nisha Kapoor, a resident of Rajouri Garden, says: "I used to shop from Rajouri Garden's local market till 2006, but now I shop in only malls. It is actually very convenient to do shopping inside a mall and I also get a chance to meet friends as we can spend time together in food court."
Malls have changed lifestyle, thinking and shopping pattern of consumers. This has also increased commercial and residential values in Rajouri Garden. Another factor going in favour of these malls is connectivity - Rajouri Garden is on the Metro line, enabling people from other parts of Delhi to travel here easily.
Emerging shopping hub — Shalimar Bagh
Shalimar Bagh is the other area in North Delhi that saw a similar transition in retail sector. Commercial market of Shalimar Bagh was inactive and there was no popular shopping hub before the launch of malls. Then, two new shopping malls, DT City Center of DLF and Shop in Park of BPTP, came up and gave the area a feel-good factor.
According to Brix Research Vacancy Report, vacancy in the malls has been constantly decreasing from the time of opening with current occupancy at 70-75%. The number of footfalls has also increased and the malls have attracted residents of Shalimar Bagh and nearby areas like Ashok Vihar, Lawrence Road, Model Town and Wazirpur.
Pradeep Kumar, a local property dealer, says: "The DLF DT City Centre mall has started doing good business and is witnessing a decent amount of footfalls. Earlier, the mall was lying vacant owing to a slowdown in property market, but for the past 6-8 months, its occupancy is rising and is doing average business. This has also increased commercial and residential property values of the area."
Chain of developing malls — Rohini & Pitampura
A similar trend was seen in Rohini, where there are approximately eight malls in pipeline. Out of them, four are operational and rest are under construction. The malls which have opened are Metro Walk, North-Ex Mall, PVR Prashant Vihar Mall and Vikas Surya Mall.
According to the Brix report, vacancy in shopping malls, have continued to decrease from 2007 to 2009 in Rohini. Sajeev Kumar, a local realtor, says that malls in Rohini have developed and the number of footfalls has also increased. The commercial and residential values of Rohini experienced 15-20% increase over the last two years with these malls up and running.
Usha Kapoor, a resident of Rohini, said the coming of malls has given a new identity to the place and residents feel they are living in a high-end locality.
Wazirpur and Pitampura are the others areas where malls have played a major role in changing the areas' profile and in diverting population. Pitampura's malls like M2K Pitampura, North Square Mall, Aggarwal City Mall and Movie Time have attracted people from neighbourhood areas for shopping and dinning. A few malls are still developing and are not yet fully occupied; but it is expected by market agents that once market recovers from slowdown impact, all these malls will to do good business.
While malls have changed shopping style and demand of consumers, this has also given way to international brands to set up their showrooms in India. They have increased popularity as well as real estate values of the area as found by Brix Research analytics team.
Courtesy:- Times Property dtd:- 06-02-2009

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Of malls, amusement parks and the Delhi Metro

2010-02-13T00:15:00.000-08:00

Brix Research
narrates how enhanced connectivity has helped entertainment destinations across NCR
Transport corridors like expressways and the Metro line are bringing an increasing number of people closer to entertainment hubs. To that extent, they trigger growth of formal means of entertainment. One major development witnessed in National Capital Region (NCR) over the last 4-5 years has been the expansion of Delhi Metro line. This process started in Central and Western parts of the city and is now on course to link South Delhi and Gurgaon. This has provided common man with a mode of transport that is both economical and convenient. While daily journeys like the ones to college or workplace have been simplified - the occasional weekend outing too has been made much simpler as a result of enhanced connectivity to popular entertainment destinations.
One of the first entertainment destinations, which is strategically located near Rohini Metro Station, was launched by Unitech. This project was launched prior to the completion of the Metro line and has been fully operational since December 2007. It comprises Adventure Island - an amusement park and the Metro Walk Mall. According to Rajan Narula, MD of Unitech Amusement Park, "The expansion of Delhi Metro gives us reason to be very optimistic about future of our projects in Rohini, especially Adventure Island. While the city is dotted with malls and retail spaces - this is one of the few amusement parks and hence we expect a significant increase in footfalls upon extension of Metro line to South Delhi and Gurgaon, as distance will no longer be a prime consideration." He further adds, "Currently, 18-20% of our customers use Metro and they mainly comprise residents of North and West Delhi. While Adventure Island does draw some South Delhi residents - this figure is expected to go up in the near future."
Entertainment destinations in Noida are well known and attract residents from all regions of NCR. Prominent among these are Unitech projects - The Great India Place Mall and Worlds of Wonder amusement park - Great India is touted to be the largest mall in North India. These have been operational since September 2007.
November 2009 saw extension of Metro line to Noida, and its impact is there for everyone to see. According to Narula, "Earlier, while our consumer base comprised residents of East Delhi, Noida and Greater Noida, the expansion of Metro line has brought students from North Campus, as well as families from other parts of the city. Hence, we are very optimistic about future prospects after the extension of Metro to South Delhi."
The extension of Metro line to Gurgaon will further enhance connectivity within NCR. Residents of Gurgaon will be able to access entertainment destinations in the rest of NCR and vice versa. However, according to Narula, "Entertainment destinations in Gurgaon comprise mainly malls and multiplexes, which are now aplenty in other parts of the city. These days, a major portion of the footfalls comes from within a 5-6km radius around the mall." Hence, while Metro is expected to increase footfalls, percentage of population coming from regions outside Gurgaon will be small.
Entertainment options may also include theatre and art, which have been growing in popularity among Delhi's population over the last decade. According to S P Mishra, manager of Kamani Auditorium, "Delhi is witnessing a cultural shift and interest in theatre and other cultural shows is growing. The audience at Kamani Auditorium has grown over the past eight years and improvement in city infrastructure like extension of Metro line can only benefit people. Moreover, problems of parking faced on Copernicus Marg could be eliminated by using Metro rail." He further adds that their audience comprises both students, as well as the elderly, who may not possess their own vehicles and thus would benefit greatly from extension of Metro line.
Expansion of metro line is expected to increase connectivity and greatly reduce travel time within National Capital Region. Problems like traffic congestion and lack of parking space may be eliminated through usage of Metro rail services. Moreover, as population becomes more mobile, an increase in the number of entertainment spots like parks, theatres and malls is expected. While malls and multiplexes draw crowds from neighbouring localities, theatres and amusement parks, being rare, attract people from all over.

Courtesy:- Times Property dtd:- 06-02-2009

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3 Bedroom multistory apartments for sale Rs. 3660000 in sec – 106 Gurgaon

2010-02-03T01:57:00.000-08:00

Type- Group Housing
Sector 106, Gurgaon,
Price – Rs. 3660000 *
Description - Spire Central, 3 Bedroom multistory apartments for sale @ Rs. 3660000 in sec – 106 Gurgaon, 15 minutes from Delhi International Airport, A short drive from MG Road, the high-street of Gurgaon, Adjacent to a thriving neighbourhood with world class schools, universities, hospitals and malls in the vicinity, Very close to upcoming Dwarka-Gurgaon Expressway connecting West Delhi to Gurgaon
Location Advantages:-
• Strategically located on the upcoming Dwarka-Gurgaon Expressway connecting West Delhi to Gurgaon
• On the Metro corridor
• 15 minutes from Delhi International Airport
• A short drive from MG Road, the high-street of Gurgaon
• Adjacent to a thriving neighbourhood with world class schools, universities, hospitals and malls in the vicinity
Marble Counter With Single Bowl Stainless Steel Sink, Drain Board With CP Fittings and Ceramic Tiles Above Working platform; Rest Oil bound distemper.
Copper Wiring Concealed Conduits And Modular Switches 24x7 Power Backup TV & Telephone Points in Living Room
And Master Bedroom only
Security System, Premium Electrical Package, I-Home Package any Special requirements as specified by you

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Sun Builders Pvt. Ltd launches 3 BR High End Apartments Sun Divine I Ahmedabad

2009-12-22T23:28:00.000-08:00

SUN DIVINE is Situated in prime locationin Ahmedabad, Sun Divine has great advantage of excellent road connectivity and calm-peaceful interiors. The surrounding neighbourhood has low density bungalow development in Ahmedabad, 'Sun Divine' being the only apartment building in 1 km in Ahmedabad. radius has a distinct advantage. Well known 'Prasang Party Plot' is located right opposite the site and the new High court is less than 3 minutes away.
Several office buildings situated on S.G. Highway Ahmedabad are easily accessible. The prestigious proposed projects such as DLF City by DLF and Shantigram Township by ATRECO, are located few minutes away from the site in Ahmedabad. The excellent location will benefit all who wish to stay connected within Ahmedabad city as well to those who have workplaces in Kalol and Gandhinagar. Located amidst peaceful surroundings, Sun Divine offers high quality living with a wide range of lifestyle amenities. Experience a quiet tranquil of nature with your family and spend those quality moments to live life to the fullest.
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Saumya Constructions made Farm houses and Individual bungalows in Ahmedabad

2009-12-22T23:23:00.000-08:00

Saumya, being the pioneer in introducing farm houses and individual bungalows, through the concept of elite neighbourhood community development, has successfully completed more than 500 individual bungalows in 10 residential schemes, spread over more than 240 acres of fully developed land area in Ahmedabad.
AantarKshitij, as the name suggests, is a retreat, envisioned and planned by Saumya, beyond the horizon of densely urbanized city of Ahmedabad. Beyond the horizon of dreams. Located at a crow-flying distance of 10 kilometers west from the commercial hub of S.G. Road. A unique residential community in the midst of green farm lands in the neighbourhood of this mega city. Self sustained, secured and yet serene.
AantarKshitij, is a community of alternative residential plots (ranging from 1000 sq. yards upwards) with a well developed infrastructure of common amenities and community services, which are designed to make the entire community one of the most coveted addresses of future Ahmedabad.
Common Amenities for the Plot Owners
The whole community will be private property and will have no public roads passing through. This will make it one of the largest private, guarded residential community in Ahmedabad with a single entrance gate, monitored and secured privately.
Different common plots, with a main community plot of 18,000 Sq. Yards.
An artificial lake with a large designer fountain island.
A huge garden with a landscape of articulated greenery.
Large Swimming Pool and Spa facilities.
A separate children’s park as a fun escapade for the children.
A well designed large club house of 20,000 Sq. Feet having colonial architecture with a large verandah for dining on the side of the green landscape in the midst of nature.
Indoor facilities like card room, table tennis and billiards.
An exclusive state-of-the-art health club and gym for fitness.
A restaurant for the guests with all 7 days operations serving breakfast, lunch, dinner and snacks.
All weather synthetic-turf tennis court and volley ball court.
Mini Golf & Cricket ground.
20 ultra-luxurious airconditioned residential rooms available round the year for your guests.
A private and secured jogging track of more than 4 kilometers.
An airconditioned Private Party Cottage for 50 persons for exclusive dining (inside/outside), executive conferences or for any occasion that you want to celebrate with state-of-the-art digital music system and a movie home theatre with its own exclusive lounge, kitchen/pantry and service areas.
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PUT IT ALL ON PAPER

2009-09-14T23:30:00.000-07:00

If you are planning to sell off your house, you will do well to commit every detail of the transaction in the sale deed, says Vivek Shukla
South Delhi-based businessman Kukoo Tiwari has stopped going to areas like New Rajinder Nagar and Patel Nagar as these places evoke childhood memories. He spent some great years in New Rajinder Nagar and also spent his evenings with his school friends in Patel Nagar. New Rajinder Nagar - that was the place where he was born in his ancestral home. It is a different matter that even after selling off his family house and building his own one in Lajpat Nagar, Kukoo visits the old Rajinder Nagar house - in his dreams!
It is no easy matter to sell your own house, and when it is a place with quite a bit of family history and built by your parents or grandparents, it is all the more difficult to dispose it. Sunder Khatri, an eminent lawyer and somebody who deals with property matters, says if we go deep into the matter in the broader perspective of fast changing socio-economic environs, the issue can be very complicated. In the good old days of joint family system, the ancestral house always came to one’s rescue to give shelter - and shelter was that entire people mainly wanted.
The position changed substantially when the younger generations branched out. According to realty experts, there are several factors responsible when a family has no choice but to sell the house. “Increase in cost of plot, leading to securing a handsome price in case of sale of the old house, which can be invested in buying another property in a less costly and less congested locality in the same place or in another town, by using a portion of the sale proceeds, the balance being kept for other exigencies are some of the reasons people sell their homes,” says Sunil Jindal, CEO of SVP group.
Why do people sell their houses? Given the fact that Indians are very attached to their homes emotionally, it is not at all easy to sell the property. Some also says many families sell their homes as they find the possibility of building a multistory apartment/business complex, which fetch them monetary gains.
Khatri cautions that before anyone sells a house, it is important to understand some key points. “You must have full knowledge of the market conditions such as whether the market is generally on an upswing, other deals going on in the area, price at which recent deals have been struck, good and reliable real estate agents in the locality, developers and promoters of good standing and reputation around, regulations governing sale-related matters applicable to the house in question, stamp duty and registration charges, tax implications, etc.”
Another realty expert, and marketing director of realty advisory Century 21 India, Sanjay Singh, says in case the house is a little old, then it is really advisable for the seller to complete some repair work. “You have to finish this job before you spread the word about your intention to sell it. The repair should include essentially the b at h room, closet and kitchen. A touch-up of painted surfaces would go a long way in improving the looks of your house. Moreover, clean the house and open spaces to give a good impression to the prospective buyer.” href=”http://www.zameenzaidad.com/latest_news.aspx/”>Delhibasedincometaxconsultant, Surinder Gambhir, says the sale formalities of a house are many and vary. Some very important legal and taxation issues are documents to be executed and exchanged, absolving the seller from future tax payments, capital gains-related investments and deposits, accounting of full value received, payment of stamp duty and registration charges as per current laws, etc.
“If you are selling your house to a builder for raising apartments, the agreement involving cost of your site, total cost of the project, the number of apartments you will be given, and the cash you will get, need critical study and drafting so that you receive a satisfactory deal and the wording of the agreement protects your interests,” he Gambhir.
Courtesy:- TOI dt:- 12-09-09

BELIEF IN REAL ESTATE

2009-09-11T23:35:00.000-07:00

The inability of people to find a house for themselves in the locality or society of their choice is a universal affliction and is faced by people cutting across communities, castes, and social and economic factors, says Namrata Kohli
Bollywood actor Emraan Hashmi recently alleged he was refused a No Objection Certificate (NOC) by a housing society in the posh Bandra area to buy a flat, only because of his religion! The episode has spurred a debate whether religion has any connection to real estate and if housing is a problem for people of one religion, region, belief or sect trying for accommodation in places dominated by people of other religions, regions, sects, and communities.
We checked with a cross-section of society to gauge whether this is a trend prevalent in the National Capital Region as well. According to a Chittaranjan Park-based real estate consultant Harmeet Singh Chawla of Ace Consultants Pvt Ltd, “In my experience, people are denied an accommodation for various reasons - they may be on account of eating habits, language, over marital status (married vs bachelor/ spinster), or even due to their profession. Therefore, to view this purely and only from the point of religion is not correct.” He adds that the Emraan Hashmi issue has captured limelight only because of the celebrity quotient in the story.
Another broker, Sanjay Tyagi of Continental Estates, says in upmarket areas where he transacts like Vasant Vihar, there is absolutely no such concern. In fact, coincidentally, most of the recent transactions he has done are those of Hindu landlords leasing out premises to embassy people who are Muslims with landlords only concerned about timely payment of rent and not religion. However, Tyagi adds, the situation changes in middle class and lower middle class areas, but as one goes up the pyramid towards higher classes, where the community is more literate and educated, biases tend to decrease.
“Very few Hindus will actually lease out a property to a Muslim or Kashmiris in middle class areas.”
It is of course a fact that there are areas in every city where people from one community, region, and linguistic stock prefer to aggregate. “Birds of a feather flock together,” says sociologist Purnima Malhotra. She adds that humans like to have their “comfort” factor and at times people like to live with “their” own ilk - defined on language, community, eating habits. Echoing this Sumit Mishra, a landlord, says, “ It would be a white lie if I said that between a person of my community and someone else, I will not prefer the former.” So, these doings are not so much because of a strong prejudice, but often, more for that comfort factor.
As for Muslims, in every city they aggregate in certain places and avoid certain others. For instance, in Delhi, Muslims largely prefer residing in Old Delhi, Okhla, Tehmur Nagar, Zakir Nagar, Sadar Bazaar, etc. “There is no specific boundary or place demarcated for the Muslim/Christian areas as such and by statute it is not even permissible,” says Kolkata-based real estate consultant Sandip Sen who does hi-end transaction in residential and commercial segment. “However, there are specific places that have had traditional settlements of Muslims and Christian and they prefer staying with their friends and relatives.” He cites the example of Kolkata where Muslims prefer places like Park Circus, Topsia, Rajabazar, Khidirpore. As for Christians, they are concentrated in the places in and around Park Circus, Rippon Street, Theatre Road, and Moulali.
People from these communities have divergent views. A Muslim banker (name withheld) at a leading private bank staying in Delhi says he or his relatives have never faced any problem. “If at all I have not been able to secure a house, it has been because of economic reasons where my pocket has not allowed it, but not because of religion. If I am earning a lakh per month, I can stay at New Friends Colony, just like anyone else.”
Another view was that of Harpreet Kaur who says after the 1984 Sikh riots, Hindus did not give preference to a Sikh tenant. “With time, the matter cooled off and there was hardly any reservation against a Sikh tenant. In times of peace, all is well but the minute there is a crisis situation, these biases resurface and people raise their guard again.” Safroon, working at the front office of a <"http://www.zameen-zaidad.com/">British company at Gurgaon says she never faced any such problem. “In fact, I have never encountered religious bias in housing and I was taken aback by the Hashmi affair.”
Sanjay Kar, a journalist, says there are prejudices in our society and it’s not just minorities, but everybody who face varying hues of prejudice away from their home or community - ranging from a North Indian in Maharashtra to a South Indian in UP/Haryana/Punjab, to the Northeastern girls and boys in Delhi. But so do journalists, lawyers, and single women who are often singled out and denied a tenement by landlords in Delhi. He adds that certain groups also try to keep Bengalis, Christians and other non-vegetarians out. But this problem is not specific to India and we live in a world that is unequal - and there is no level playing field.
Courtesy:- TOI dt:- 05-09-2009

PERMUTATIONS AND COMBINATIONS IN REAL ESTATE FIRMS

2009-09-10T02:58:00.000-07:00

Globally, too, real estate remains regional-focused, points out Gulam Zai, National Director, Knight Frank. The relationship can also work like this – a local development and have another develop on the same plot at the same time. This goes a long way in reducing the timeline of the project. A big builder can have a controlling stake in a project and pass on joint development rights to a local one.
It has also been observed that smaller builders have fared better as compared to pan India builder. Larger builders were over-committed, they had multiple projects and their sales were affected drastically. There was a debt equity ratio imbalance, points out Shweta Jain, head, residential, Cushman & Wakefield. “A local builder may tie up with a pan India developer for security of the project or for branding purposes. It works well for affordable housing formats wherein pan India developers can tie up with local builders who have large land banks or local builders can enter into a P and P with the government for delivering housing in this segment,” points out Sunil Jindal, CEO, SVP Group.
Courtesy HT:05/09/09

PERMUTATIONS AND COMBINATIONS IN REAL ESTATE FIRMS

2009-09-10T02:40:00.000-07:00

GULMOHAR WOODS LAUNCH NEW PROJECT IN DHARUHERA

2009-09-03T23:01:00.001-07:00

Other Charges
PLC for Ground Floor Rs.75/-per Sq. ft. PLC for 1st floor to 3rd floor/Park Facing/Corner Rs.50/-per Sq. ft Infrastructure Fund & Maintenance Security (IFMS) Rs.75/- per Sq. ft. External Development Charges (EDC) Rs.105/- per Sq. ft. Internal Development Charges (IDC) Rs.35/- per Sq. ft. Club Membership Registration Charges(CMRC) Rs.15,000/-
PAYMENT PLANS
(A) Other ChargesDOWN PAYMENT PLAN (with10% rebate)
With in 45 days of booking 25% of BSP ( including booking amount) With in 3 months of booking 70% of BSP + (100% of PLC+EDC+IDC+CMRC) including rebate On Possession 5% of BSP + IFMS +Cost of stamp Duty and Registration charges +cost of electricity connection and power back up as applicable.
(B) TIME & CONSTRUCTION /DEVELOPMENT LINKED INSTALMENT PLAN
With in 45 days of booking 25 %of Basic Sale Price (BSP) including booking amount. With in 3 months of booking 10% of BSP On Start of Development work at the site. 15% of BSP + 20% of PLC+100%of CMRC Completion of Foundation of Building. 15% of BSP + 20% of PLC Casting of Ground Floor of the Building 10% of BSP + 20% of PLC+100%of EDC Casting of Third Floor of the Building 10% of BSP + 20% of PLC+100%of IDC Completion of Roof top of the Building. 10% of BSP + 20% of PLC On Possession 5% of BSP + IFMS +Cost of stamp Duty and Registration Charges +Cost of Electricity Connection and Power back up as applicable.
(C) RENTAL PAYMENT PLAN (Investment for Rental)
With in 45 days of booking 95% of Basic Sale Price + 100% of PLC+EDC+IDC+CMRC On Possession 5% of BSP + IFMS +Cost of Stamp Duty and Registration Charges+Cost of Electricity Connection and Power back up as applicable.
Quarterly Return on respective unit as per Payment Plan – (C) only(Rental per Quarter for Year) One Bedroom, Bathroom, Kitchenette & Balcony 1 BHK 2 BHK 3 BHK
2009 Rs.13,500/- Rs.18,000/- Rs.24,000/- Rs.31,500/-
2010 Rs.13,500/- Rs.18,000/- Rs.24,000/- Rs.31,500/-
2011 Rs.13,500/- Rs.18,000/- Rs.24,000/- Rs.31,500/-
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GULMOHAR WOODS LAUNCH NEW PROJECT IN DHARUHERA

2009-09-03T23:01:00.000-07:00

NEW PROJECT OF EMERALD ESTATE - GURGAON WITH RELIABLE PRICE

2009-09-03T22:57:00.000-07:00

1. In the above stated Sale Price, External Development Charges (EDC) and Infrastructure Development Charges (IDC) are pro-rated per unit as applicable to this Group Housing site.
In case of any upward revision in future by the Govt. agencies, the same would be recovered on pro-rata basis from the Applicant/Allottee.
2. Down Payment Price shall be calculated taking 12% rebate on 95% of the Basic Price & PLC, which is subject to change without notice.
3. Interest Free Maintenance Security (IFMS) - As applicable.
4. Stamp Duty/registration charges shall be payable along with the last installment based on prevailing rates.
5. One (Covered/Stilt) Car Parking bays for per apartment is mandatory.
6. Prices subject to revision at the sole discretion of the company.
7. PLC’s - Corner - Rs. 75/- per sq. ft., Green Facing - Rs. 200/- per sq. ft., Pent House - Rs. 200/- per sq. ft., Pool Facing - Rs. 50/- per sq. ft..
8. Sale Price = (Basic Price + EDC + IDC) x Area of the Apartment.
9. Club Membership: Rs. 75,000/- (mandatory).
10. Optional Upgrade Package - Rs. 2.5 lac for 2 BHK unit and Rs. 3.5 lac for 3 BHK unit

Price List
Basic Price Innagural Discount Rate After Discount
Rs.3600/sq.ft. Rs.401/sq.ft. Rs.3199/sq.ft.

DOWN PAYMENT PLAN with 12% rebate on 95 % of (Basic Sale Price + PLC)
On Booking 5 Lakhs
Within 45 days of Booking 95% of Sale Price (See note 8) less Booking Amount + 95% PLC if applicable + 100% Cost of Parking Slot(s) less Down Payment Rebate
On Intimation for Possession 5% of Sale Price & PLC + IFMS (See note 3) + Stamp Duty & Registration Charges (See note 4)

INSTALLMENT PAYMENT PLAN
On Booking 5 Lakhs
Within 45 days of booking 20% of Sale Price less Booking Amount
Within 90 days of booking 7.5% of Sale Price
On start of construction 5% of Sale Price
On completion of Ground floor roof slab 7.5% of Sale Price + 50% of Cost of Parking Slot
On completion of 2nd floor roof slab 5% of Sale Price + 50% of Cost of Parking Slot
On completion of 4th floor roof slab 5% of Sale Price + 50% of PLC if applicable
On completion of 6th floor roof slab 7.5% of Sale Price + 50% of PLC if applicable
On completion of 8th floor roof slab 7.5% of Sale Price
On completion of 10th floor roof slab 7.5% of Sale Price
On completion of final roof slab 7.5% of Sale Price
On completion of external plaster 7.5% of Sale Price
On completion of Internal Flooring and wall painting 7.5% of Sale Price
On intimation for possession 5% of Sale Price + IFMS (See note 3)+ StampDuty &
Registration Charges (See note 4)

Other charges
External Development Charges (EDC) Rs. 240/- per sq. ft.
Infrastructure Development Charges (IDC) Rs. 30/- per sq. ft.
Down Payment Rebate As Applicable
Preferential Location Charges (PLC) (See note 7)
Parking (Stilt/Covered) - Mandatory Rs. 2,50,000/-
Parking (Open) - Optional Rs. 1,75,000/-

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FLOORED IN THE BATHROOM

2009-09-02T22:41:00.000-07:00

For that cozy, creative and unique look to your dream bathroom, Anjali Tiwari offers a few tips

Bathroom flooring should be chosen keepingsafety in mind. There are lots of options for bathroom flooring in the market. But it will be wiser to set the budget before going to the market. The most popular options are bathroom carpets, bathroom carpet tiles, ceramic floor tiles, bamboo flooring, laminate flooring, vinyl linoleum flooring, hardwood flooring.
There is no doubt that bathroom carpet adds warmth and softness to the floor. In winters, you cannot imagine going barefoot but if you have a carpet in the bathroom, then you can take that step - barefoot! But, a bathroom carpet is not easy to maintain as a wet carpet makes the flooring dirty and also creates an unpleasant odor. So, it is better to use throwaway rugs instead of carpets for comfort. But if you are really keen on bathroom carpet flooring then use vinyl border around the bath, toilet and basin and put a few bath mats on it to soak in water and moisture from your feet. The most popular carpet in the bathroom is one with foam backing.
In comparison, carpet tiles are easy to install and if there is any defect in any one tile, you just have to replace the tile, while for a bathroom carpet flooring you have to tear down the whole carpet in case of any defect. Vinyl linoleum flooring is durable and easy to clean and maintain. Marble flooring and good quality tiles are also durable, easy to clean and require no maintenance.

It is said that laminate bathroom flooring may or may not be used for wet floors, but you can use high quality laminate bathroom flooring with high gloss finish. This type of flooring requires maintenance. Stone finish in bathroom laminate flooring is durable and looks beautiful. Hardwood flooring is durable but needs extra care. Normally, in hardwood flooring, oak and pinewood is used. Bathroom with hardwood flooring looks sophisticated and elegant. There is one more quite economic option of bathroom flooring - the ceramic bathroom floor tiling, which requires little care while installing. Ceramic bathroom tiles are durable, come in lots of colours and easy to clean. These types of tiles do not get too slippery when it gets wet. But it is advisable that one chooses slip-resistant surface in ceramic tiles for bathroom safety.
Another great option for
bathroom flooring is bamboo flooring that does not require much maintenance. If you do not wish to spend more money in bathroom flooring but simultaneously want to create a dream bathroom, you can opt for unglazed tile, but they need much maintenance and need to be cleaned frequently. Bathroom floor tiles come in square, rectangular, hexagonal and octagonal shapes, while accent tiles are generally diamond shaped and come in smaller sizes. For giving larger look to a bathroom, use same colour tiles on floor and walls. Tiles that are too large look ridiculous in small bathrooms, and preferably.
Use of two different colours of tiles is a great option. On the floor choose the tiles in one colour while choose another colour on the walls and thus give a dramatic look to your bathroom.

Courtesy: - ET dt: - 10-07-09

GLOBAL TRENDS

2009-09-02T22:09:00.001-07:00

A popular trend these days is incorporating furniture with unusual design patterns

Furniture trends this year reflect a certain shift. While individuality reigns supreme, it acquires a bold expression in decor and design. With people achieving a level of wealth and exposure that allows them to purchase and live with the finest of luxurious furniture, artwork, or furnishing, established brands and manufacturers with custom capabilities are working to enhance their collections. They're not only functional, but also decorative.
While some people are only happy if they are able to buy the most expensive home furniture and furnishings with the most prestigious label attached, there are ways that you can bring the look and feel of luxury into your home at a more digestible price tag, which is the current market trend reflected internationally. The overriding style statement in furniture trends can be summarised in one word - global. Taking international influences from every continent - Asia, Australia, Europe, Africa, America - furniture trends these days speak an international language. Even though there are influences from all over the world, these trends are more flexible and also much simpler.
Trends in
furniture support the mixed media expression. Wood is mixed with fabric, metal, or even glass. But mixed expression transcends the classical. Every sort of exotic material - stone, coconut shells, crushed bamboo, and even fossil stones - can be used. The trends are subtle, but unique in style and fashion. The past few months have seen a resurgence in opulent living and a heightened interest in Baroque fixtures, bold design, and an element of shine and sparkle in almost all product design. Grandeur is definitely fashionable and so is a return to luxury in living. Chandeliers, crystalware, and other high-end luxury products are finding their way into every home.
Increasingly, designers are bidding adieu to minimalism. They are going for a modern home with accessories that heighten the glamour quotient - big lamps, mirrors, layers, bright colours, offbeat and unexpected colour combinations - are welcomed. Combinations should be unpredictable and rather unusual. For instance, a soft and elegant chair with a rough textured wood on a coffee table and a bold patterned headboard in a bedroom would heighten this kind of look. Contemporary isn't out of the game and continues to be a popular style for upholstered furniture, where transitional elements help to lend a dramatic look. Rooms and designs built on specific themes are not preferred anymore.

The metallic colours will definitely replace traditional black and white at least this season. Tones like putty, stone, and granite are expected to be popular. These tones are really deep and versatile. Since formal style interiors are decorated to attract attention, highly polished woods, glistening mirrors, luxurious fabrics, sparkling crystal, and engraved centre tables in Italian marbles are unique and interesting pieces of furniture which are an important part of today's highend homes. Neutral walls and fabrics look clean and neat in a room.

Courtesy:- ET dt:- 10-07-09

GLOBAL TRENDS

2009-09-02T22:09:00.000-07:00

MORE SPACE MORE LUXURY

2009-08-13T03:16:00.002-07:00

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

METRO: THE GREAT REALTY HOPE

2009-08-13T03:16:00.001-07:00

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

METRO: THE GREAT REALTY HOPE

2009-08-11T22:47:00.000-07:00

2009-08-11T22:44:00.000-07:00

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

TILL DATE WE DON’T KNOW WHETHER WE MADE THESE HOME FOR YOU, OR US?

2009-08-10T22:51:00.000-07:00

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

TASTEFUL HOME FOR THOSE WITH TASTE

2009-08-10T22:50:00.000-07:00

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

Distress sales can be avoided in real estate

2009-08-06T22:43:00.000-07:00

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.