Noida Expressway Will Offer Great Residential Options

Noida-Greater Noida will witness never-before development in commercial, residential as well as institutional sectors. This developing arena has all the facilities, commercial and social infrastructure,within an easy reach from residents. Developers have started seeing these areas as the best destination for commercial and residential projects in Properties in Noida.

The supreme court also verdict that settled the conflict over the allocation of plots for fourteen 5-star hotels is surely going to boost development on the expressway. According to the Supreme verdict, the authority will now charge 70 thousand Rs per sq metre for the allotment, which is ten times bigger amount than the earlier allotment charges.

A sports complex along with other prestigious projects has been planned to develop in the area by the Noida authority. A multi-purpose indoor stadium will occupy the forthcoming sports complex, lush green cricket and football fields, an athletics stadium, bowling alleys and many more facilities for popular sports will also be the attractions

AN 18-hole, world class golf course over 180 acres and in zone 3 of the expressway in sector 101, is also another allure. Noida's reply to capital's Pragati Maidan, The India expo mart, is already operational – it is situated at the end of the Greater Noida expressway. A knowledge park including twenty-four management and engineering institutes has also been proposed to be set up along the expressway. In Sector 93, At the end Noida expressway, the existing landmarks are Lotus valley school, Amity university, Parsvanath prestige apartments and ATS green.

DLF Privana - Gurgaon Residential Living Project by DLF Group

Goodwill is the only cardinal constituent through which the survival of anyone in the market becomes possible. DLF Group has maintained their name and image in the market

Prologue:

It is somewhere said that the God created this alluring world. And the planet is incorporated with distinctive creatures and greenery. One thing had been created which is human, who has planted many fabulous things. This is us who gave the world new shape and structures. The DLF Group has imposed different projects to the real estate world and to the humans. The planner has started a new project which is known as DLF Privana emerging in sector 76 and Sector 77, Gurgaon. This residential society is going to complete by December 2017. It has distinct version of floors like 3 BHK. This build up is engulfed with the nourishing amenities and specification.

The segmentation of floors in this residential city as follows 3BHK covers the floor area of 2000 to 2016 sq ft.

Amenities and Specifications:

The project contains distinguished amenities such as Intercom facility, vaastu compliant, bank attached property, swimming pool, water storage, maintenance service, visitor parking stretch, security and more. The itemization in this build up is used of distinct quality. DLF Privana Gurgaon Project is incorporated with all facilities.

Locale and Whereabouts:

This residential society is embraced with the girdle of good schools, colleges, banks, medical facility, restaurants etc. The project has the vicinity to peek areas like Netaji Subhash Marg, Central park 2, international and domestic airport. The creator has landed this project in the prime location which is encircled by foremost metros like Delhi. If you are willing to absorb a property then you are thinking acute, now a days investment in property is much profitable.

Ease or Comfort:

The real planner pays close attention to your wants, needs and budget after which the buyer use to agree to buy a property. An experienced builder keeps in mind about the comfort, security and every possible arrangement. If you are thinking to absorb a property then you have decided to do the correct thing in your life. This will lead you to access in property business, if you want to rent, sell in future. Your one smart decision will make your life better.

New Gurgaon Has a Great Oppertunity For Real estate

Gurgaon will always strike in mind,whenever it comes to find out the best destination to find out the best destination for real estate development in Delhi NCR.With terminating the toll plaza between Delhi and Gurgaon, the government has given new wings to Gurgaon. It was the big news of relief for those commuters who commute between these two destinations. With this step, the traffic on National Highway (NH) – 8 has become quite smooth.

It has a huge impact on real estate industry. The new Gurgaon has all the characteristics of modern a city such as- wider roads, well planned drainage system, better electricity and water facility, innovative sanitation solutions and clear surrounding as well as the area also has social infrastructure including top-class schools & colleges, big shopping complexes, finest eateries and entertainment zones. In its close proximity, you will also find 505-bed multispecialty Rockland Hospital making it a perfect place to reside. The newly developing sectors like - 58 to 63, 68, 78 to 81, 84 to 85 and 99 to 112 have seen a high rise in demand for housing in these locations.

Other beneficial things that make new Gurgaon a hot property is its connectivity to Neemarana expressway that has1, 200-acre Japanese zone and also the proposed plans of Metro link and bus service that make this location well connected to Delhi. The newly opened Hyatt Regency and many sky-touching buildings in Cyber City 2 make this location even more worth living. To reach famous destinations like Cyber City 2 and Manesar, it will take hardly 10 to 15 minute respectively. Looking at the better opportunities, the demand for Property in New Gurgaon is also soaring day by day.

Gurgaon holds great promises for both buyers and sellers. However,one has to be wise in investing in the property of Gurgaon for long term benefits.

Lucrative Property Investment Prospects for Nasik Investors

Nasik has a great potential in the realty market as compared to the other big cities due to this it is attracting a large numbers of investors. The property investors across the country are searching for lucrative investment destination which could offer a better deal than the big metropolitan cities. The investment opportunities in developed cities like Mumbai and Pune are less in comparison from the upcoming property market like Nasik. Being very close to both Pune and Mumba the developers are setting their eyes on this city for investment. Because of its proximity to both Mumbai and Pune the property rates are very attractive as compared in result of this Nasik’s realty market is all set for growth in coming years. Currently, Nasik realty market is growing remarkably and has performed reasonably well unlike another realty market across country. Besides the boost in supply, the property prices have gone up by 15-30% in past two years. Due to Nasik Property low entry cost and attractive appreciation cost the place has grown as a realistic alternative destination for the buyers after Mumbai and Pune. The one of the other main factor of realty growth in Nasik is because of IT/ITes sector in Nasik.

The property market of Pune has become saturated due to high density of residential units in the city as a result of these developers is looking for land outside the city. On the other hand, Nasik is emerging as an industrial hub in India is attracting large numbers of people across the city. Moreover, the city has better infrastructure facility and has well-established connectivity. The city is marked as the fastest developing cities in the nation and has a huge potential of property development. Due to the expansion of Industrial and commercial base several MNC’s are entering the market. The property experts believe that the property rate will double in the next five years due to huge infrastructure investment done in the city. The city offers all requirements and investor looks for in real estate, hence Nasik gives a great return on investment.

For more details about Property in India visit: BuyProperty.com

The Young Face of Mumbai Development

While one part of Mumbai shows magnifying ravishing megalopolis, the other one is an emblem of dingy city. The change in governance is expected to bring transformation in the latter part. The residents of Mumbai Property are living every day with higher expectations that the new face of the new government, Devendra Fadnavis will reshape the Mumbai's exuberance. The primary section that needs attention is the infrastructure.

Managing the Traffic

With an assemblage of transport and flyover infrastructure, there will be smooth access to the traffic. Santacruz Chembur link Road and Eastern Freeway were short-term solutions for the congestion problem. According to experts, more flyovers will provide free movement on the road. 

The experts are keen on providing suggestions to the newly selected government to take measures for the transport infrastructure. The improvisation of the public transport should be the primary focus of a new Chief Minister. The norms should be made where in times of new infrastructure; the public transport should transfer at least fifty percent of transportation it engages. The percentage of buses under the Brihanmumbai Electric Supply and Transport (BEST) shrunk from 85 percent to 58 percent. So, necessary measures are needed to improve the occupancy rate. More of the recommendations by the experts include parking access, better facilities for the strollers and congestion tax. These measures could bring radical changes in the busy traffic of Mumbai. 

Housing Availability

Home or accommodation rates are too excessive in the city that even upper middle class thinks once.  The former government did not intervene adequately to provide respite to the Mumbai Real Estate Prices. The managing director at the Liases Foras, Pankaj Kapoor states that to bear down on prices, the government should bring in tax reforms. The MD of real estate research firm said the premiums and additional taxation have been levied by the state that makes up the total price the buyer has to spend while buying. A regulator is needed in this sector that will keep an eye on the developers. It will lead the ear of sales based on the carpet area rather than super built-up area. The irony is developers on their website always show the super built-up area. 

Industry experts summon for the well discussed and approved master plan for the real estate development of Mumbai. It will further decide the distribution of FSI instead of assigning additional built-up area on an attractive schemes basis to developers. 

Mumbai Makeover

Be it Kalaghoda crescent's makeover into Times Square or the Marine Drive promenade project, the former governments certainly came up with the spasmodic plans for beautifying Mumbai. The social activists believe that it is the beauty of the city's street that attracts a huge crowd rather than the skyscrapers or hi-fi streets. 

Rishi Aggarwal, who is the social activist and research fellow at Observer Research Foundation, feels that the focus should be on clearing space outside railway stations and well-designed footpaths. The projects like these will have a greater impact on the city like Mira Road, Kharghar . The trustee of NAGAR, Nayana Kathpalia, trustee says that the government should give more attention to the sanitization of polluted rivers and beachfronts.

Godrej United Offers Most Wonderful Homes

Overview of Godrej United

Godrej Properties has introduced another residential property Godrej United, located in Whitefield.  Established in year 1990 Godrej Properties is one of the leading real estate developers across India. As first real estate company to have OSO certificate, this group have expertise and successfully developed many residential and commercial complex across the country. Godrej United one of the esteemed creations of Godrej Properties is spread across 8acres of land and offers 1, 2 and 3BHK super luxurious apartments. Being placed near to the IT establishment around Whitefield it is a good place to dwell. With its excellent location of Whitefield all good schools, health care centers, commercial hubs, Business parks, shopping malls, etc. All lies in its vicinity. This property gives you a chance to enjoy your life full of luxury and comfort and experience the ultimate lifestyle on the lap of nature.

Advantages of Godrej United

Situated in a superb location on ITPL road and Whitefield road the property lies close to the many leading company offices like IBM, SAP Labs India Pvt. Ltd. and Oracle. As a developed IT hub, the area has good commercial and civic infrastructure.The project Godrej United has been a great attraction for a large mass of people due to its proximity to the IT/ITes hub. Moreover, because of its excellent location and proximity to the IT hubs it opens a great job opportunity for the customers. In addition, this area is well flourished and well-developed infrastructure and has great connectivity to all the major parts of the Bangalore city.

Locality and connectivity

 Godrej United located near Phoenix Market city, Whitefield just opposite to Brigade metropolis. Situated close to the main road, Bangalore the international Techno Park lies in its proximity. The Kempegowda International Airport also lies at a distance of 50 minutes drive from the project location. Moreover, it is well connected with the Old Madras Road, Outer Ring Road and Whitefield Main Road. Health care center like Satya Sai Baba hospital, Sai Baba Ashram situated in its proximity. Being situated in the IT hub many software companies like Geneva Corporate office, IBM, TCS, TESCO and Oracle India Pvt.ltd situated in its vicinity. The locality has an excellent transport facility and is well connected with the rest of the parts of the city.

With its excellent location and impeccable specification this property offers you the most wonderful homes full of luxury and lavishness making itself a perfect place to reside.

2014 Year To Invest In Real Estate

Overview and Gurgaon Property Market Forecast

The right time to buy property depends on few assumptions i.e. if one has enough funds spare without having much pressure on lifestyle and the financial part if sorted. Once done, the answer varies based on which city in India. Example in Gurgaon Property Market where the prices have been stable for last 24 months and in fact have corrected by 6%. Going deeper, any purchase in the range of 3800 to 4500 Rs per Sq. feet on Dwarka Expressway should be a real steal. The better the location i.e. projects closer to main roads, the more return on investment should be expected. On southern peripheral or Golf Course Extension Road, any buying in the range of 6500 to 7000 Rs should only be considered. Realistically, these prices should stabilize at 10,000 Rs both on extension and Dwarka expressway once the infrastructure and litigation is sorted in next 18 months i.e. by March, 2016 giving an easy return of 50% Plus.

Noida Property Market Forecast

Noida property prices have already appreciated quite a bit and now awaiting delivery of projects which are getting buyers impatient, there by leading to desperate sales. Any buying in this case should be only undertaken in the range of 2400Rs to 2750 and should be good in Noida and Noida Extension areas.

Bangalore Property Forecast

Bangalore property market is proving quite stable in terms of price, however the demand has really been affected in year 2014. Any purchase in the range of 4000Rs in and around NICE road, or 4200 in Electronic city should give healthy returns in next 24 months.

The basis of above price appreciation is
1) Stable government at center for next 5 years.
2) Domestic push in manufacturing and made in India programs should push productivity, and any surplus funds ideally could be invested in Real Estate.
3) There is global correction on Stock market expected which should last till March 2015, giving alternate opportunity for investment in Real Estate.
4) Easing of global oil prices should make business productive thereby giving opportunity for investing of surplus funds may be in Real Estate.
5) Only go for projects, which are clear of litigation, and trusted developers who has capacity and deep pockets to deliver. The details on India Real Estate can be found on BuyProperty.com

Buying Or Renting - Go Figure!

Background
I have been born confused about which of the above is right from me from financial standpoint. Have asked most of the astrologers I could get appointment from, financial pundits, my kids and am still spinning. Below is where I am and what I think may be you could contribute.

Buying

Buying is great if one have easy access to funds to close the deal and can afford to keep it like that for a while as suggested that investments could go up or down, I mean without constraining your lifestyle or compromising your current expenditure in any way. This in other words means that if a bank loan is availed, there needs to be sufficient provision for the EMI monthly payment without having to raise one’s Blood Pressure or compromising on biweekly family parties, or selling your sports car and may be dig in deep for long given current real estate scenario example in India where prices have depreciated by almost 25% from 2012 peak Real Estate in Gurgaon, Noida, Bangalore, Pune, Delhi and Mumbai. Property cycle typically rotates every 7 to 10 years with 7 or less (IF you are lucky) in under developed countries like India where GDP growth rate is in the range of 5% and 10+ years for countries with GDP in the range of 2%. GDP directly create employment, demand of products, improves lifestyle and eventually demand for property.

Renting 

Renting is great for one if there is no surety or access to funds. Rent ideally hovers around 5% of current capital price of the property per year. Example a 3BHK Gurgaon Apartment of 1863 Sq. costing around 2Crores in Vipul Orhid Garden in Sun city Or Vipul Belmonte should have 2Lacs EMI (Interest only) monthly with bank interest at 12% and one could rent the same apartment at 40K without breaking a sweat. This simply means a monthly saving of 1.6Lacs upfront which needs to be counted against possible property capital appreciation in long term ex Selling the same apartment after 2 years at 2.5Crores.

Now go figure, which is better. Buying or Renting!

Feel free to ask any query or leave your valuable feedback on this blog.

Emaar MGF Palm Drive 7 Years And Counting

Sorry Story So Far

Emaar MGF Palm Drive project was launched in year 2007. I must say that the property was sold like hot cakes, may be because of new entry of Emaar Developers in India as a Joint Venture with MGF Group. MGF is one of the top sellers of cars all across north India, with a solid reputation for last 30+years. Similarly, Emaar developers of Dubai has a impeccable reputation of being top real estate developer in Middle East and any piece of that action for India real estate buyers should be premium.

The So Called Joint Venture 

Emaar MGF joint venture is being managed as separate entity and in current year i.e. 2014 the situation is such that MGF has parted ways with this company and Emaar Developers is pulling back all their investments so far in the group. I am still not sure if any real estate development expertise was ever blessed to the joint entity i.e. Emaar MGF Developers. Result is just a tragedy waiting to happen. Delays, FERA and CBI enquiries, Penalties, Arrest, Court cases are just normal for Emaar MGF Developers. Director/Promoter Mr. Shrawan Gupta has been charged for FERA, FDI violations. Their premium projects are all but in trouble right from Commonwealth Games Village in Delhi, Boulder Hills in Hyderabad.

Lessons To Be Learnt

All most all of the rest projects launched by developer are substantially behind schedule right from Palm Drive-7 years, Palm Square-6 years, Palm Springs Commercial-7 Years, Marbella-5 Years, Gurgaon Greens-4 Years, Imperial Gardens-3 Years+ just a few in Gurgaon Real Estate. The developer does not have any shame of feel sorry for this and is only concerned for its pockets. Worst is that government is neither taking any action for buyers who are stuck with their purchase and investment in the developer. Any further expose with Emaar MGF Developers could very well be a disaster for so called Investment and is highly discouraged.

Thanks to KSTDC Cabs, Google Maps Save 200Rs

Love filtered coffee in Bangalore

After getting up at 3 AM to catch 5.25 Indigo flight 6E-111 from Delhi to Bangalore landing at 8.10, I was already half out of my senses for lack of sleep. Saw filtered coffee just outside Bangalore airport, which was quite helpful in bringing me back. Headed straight for office, I took the first cab available in the row (I did not knew that you cannot pick another cab beside the first) a KSTDC cab hopefully headed for my destination in Koramangala from Airport. Very conveniently the cab driver did not understand Hindi, but a little bit of conversation started in English.

Enlightenment! Thanks Google Maps 

Traffic I guess is still quite bad on this route once the airport new elevated toll road is crossed and we enter the city and I had estimated and hour and half travel time from my earlier journeys. Frankly I still do not have much idea about the routes in Bangalore, but strangely enough the road signs did show which way for Koramangala. Our dear cabbie conveniently forgot to see and headed right past it in opposite direction. I checked with cabbie, and he did a slight nod, which I am not sure was confidence or acknowledgement, but kept on heading into opposite direction. Out comes all guns with Google maps, which did take 2-3 minutes to load and map my location, but once online things were quite clear irrespective of language barrier as to where we were headed and only a U-turn would save cabbie from embarrassment.
Time for Mutiny
That was it. Once I asked the cabbie why we were heading for Banashankari, when Koramangala was in opposite direction, cabbie spoke equally good Hindi to justify the route and puzzled on my sudden enlightenment. My persistence made us take U-turn and guess eventually cabbie did acknowledge that the route suggested by Google Maps was a shortcut and surely a possible tool he was going to recommend to KSTDC to implement in all other cabs. Shortcut or the correct route is still a mystery to me, but thanks for Google Maps that did not cost me any thing to download, but did save me valuable time and not to mention my precious 200 bucks.

SEBI’s Penalty on DLF Create Ripples for Buyers

Why SEBI Penalized DLF
Securities and Exchange Board of India (SEBI) recently announced decision to penalize DLF for withholding vital information during its IPO in year 2007, there by de barring its top 6 promoters from tapping the financial market and access to fresh funds. What this means in nutshell is that DLF will find it very hard to convince Bankers, Fund Managers, HNI Investors to take any further exposure in its products. Because of high interest rate on existing debt of 19000Cr on its books, roll over to a cheaper vendor was planned by DLF, which not could be in jeopardy because of reluctance of vendors.

Buyers Getting Affected

Buyers of under construction projects of DLF especially in mega townships like Capital Greens in Moti Nagar, New Delhi, DLF Camellias on Golf Course Extension Road, Gurgaon, DLF Woodland Heights in Bangalore could now have to wait much longer than earlier estimates before the possession is handed over. With one sided builder buyer agreements favoring the developer completely, any chance of delayed penalty is hopeless so as the CRM teams whose only target is to pacify agitated buyers with whatever hopes. After investing one’s life savings, taking legal route proves to be too risky because of backlash from developer.

Road Ahead
The legal understanding between Law (SEBI) and DLF has become too complicated because of shift in political equation at center, that any hews and cries of actual buyers could go un-heard for a while. Wise decision at this juncture would be to re-invest in a safer ready to move in apartment and negate the risk of delayed possession by exiting the current investment in DLF, hopefully at whatever current premium if one is lucky. If this does not prove suitable for any reason, existing investors need to dig deep and prepare for long haul as currently happening with buyers of properties in Unitech Developers.