Jaydev Aunipark Greater Noida

After the successfully delivery of Jaydev Elevates, Jaydev Group has again come with an outstanding residential project by the name of Jaydev Aunipark. The name of the group notifies and shows that project is world in itself. This is the world of your dreams, fancies and hope. Group is offering you entire world of dream and fancies in affordable prices.

The most attractive thing about Jaydev Aunipark project is its location, chi V Greater Noida beside Yamuna Expressway. This expressway provides great connectivity and connects the location and Agra and Delhi. Another link which connects the location to Delhi is DND flyway. The project is being developed on the ideal location which is having great connectivity. Means of transportation are always available on these roads. Many of other proposed projects like railway station and metro station has also given this project great connectivity. All major parts of the city and National Capital Region have come very close due to the transportation facilities. Entire schools colleges and hospital of that area are close to the location. Another great thing about location is its peaceful environment and far from the noisy crowd of the city. So everyone is going to get most peaceful environment inside Jaydev Aunipark Greater Noida.

Jaydev Aunipark Noida is offering 1BHK, 2BHK and 3BHK apartments between the sizes of 696 and 1680 sq ft. these sizes of apartments are priced 5000 to 9500 per sq ft. inside these sizes of apartments, world class facilities and amenities have been provided. Real estate developing group is providing world class infrastructure in the apartments. Bedroom of the apartments have been arranged with designer double bed and sofa set and entire rooms of the apartments are verified flooring. RO system and refrigeration are proved in each one of the apartment of Jaydev Aunipark Noida. Beside these features inside apartment many more features have been arranged outside of the apartment. Entire structure of Jaydev Aunipark Noida towers is earthquake resistant. Swimming Pool has been provided along with gymnasium, yoga and aerobic hall.

Jaydev Group has gained great reputation because of last residential project. The group has handed over the project on time and also kept entire promises which have been made at the time of booking.

Source: http://realestateindianews.wordpress.com/2014/09/27/jaydev-aunipark-greater-noida/

Prices and Other Details of High End Properties in Bangalore

The real estate industry in Bangalore has witnessed unprecedented growth in the last decade or so. The results of this growth are visible in the established and modern infrastructure of the city which edges out many other Indian cities. One of the prominent features of Real Estate Bangalore has been the increasing number of high-end or luxury homes in the city.

The IT boom in the city of Bangalore has spurred the prices of properties in the city, especially in areas which are closer to IT and commercial hubs. At the same time, it has contributed to the increase in demand for high-end properties. As per estimates, more than 10,000 individual dollar millionaires reside in the city of Bangalore.

Individuals with such high net worth would definitely want to live in homes that match up to their standard. This is the reason why more and more builders in the city are coming up with luxury projects to meet the requirements of high value customers. There are a number of areas in Bangalore where high-end properties can be found.

Let’s take a look at a few of them.

Until the late 1990s, Whitefield used to be a small suburb of Bangalore which was not very developed. However, the advent of the IT industry transformed this suburb into one of the most popular commercial and residential areas in the city. Whitefield is now home to most of the major IT companies and corporate houses of the country. This region is also popular for its high-end residential properties.

The price range for these luxury apartments may range anywhere between Rs. 1 crore to 10 crore depending on the area in square feet. There are several existing and upcoming luxury projects in Whitefield. Some of them are Prestige White Meadows, Adarsh Palm Meadows, Prestige Mayberry and Skylark Arcadia among others. The type of houses ranges from apartments to villas.

Hebbal is another major hub for high-end residential properties in Bangalore. Hebbal may be well known for a lake with the same name in the area and its flyovers, but of late it has gained popularity as a residential hotspot for luxury homes.

Here the prices of properties may range anywhere between Rs. 1 crore to 7 crore. A few of the major projects for high-end homes in Hebbal are Embassy Lake Terraces, Prestige Misty Waters, Godrej Platinum and RMZ Latitude. Proximity to the Manyata Tech Park, one of the biggest IT parks in the city, has contributed immensely towards the increase in residential constructions in the region.

HSR Layout
HSR Layout or Hosur Sarjapur Road Layout is one of the newer suburbs of Bangalore city and is known for its calm and serene environment filled with greenery. This area has seen a monumental increase in the number of residential developments mainly because it is closer to the important commercial hubs in the city. The price per square foot for high-end properties in HSR Layout can vary from Rs. 5000 to 15,000 per square foot.

Some of the popular high-end residential projects in this region are Vandana Marvel, Sobha Onyx, Devinarayans Lexington Terrace, Salarpuria Serenity and Mantri Sarovar to name a few. The coming up of renowned educational institutions in the region is only helping to increase its popularity as a residential haven.

Apart from these three, there are several other areas in Bangalore where the demand for high-end properties has risen. Koramangla, Devanahalli, Richmond Road, Old Airport Road and Indira Nagar are some of these areas. The rapidly growing Real Estate Bangalore industry has received a major boost with increase in the construction of high-end or luxury homes.

High-end properties are targeted by IT and corporate professionals earning hefty pay packages as they want to live in houses that live up to the standard of their job profiles. The other category of customers who purchase luxury properties are entrepreneurs who run large businesses with a huge turnover and high on profits.

High-end or luxury homes provide top-notch facilities for those residing in such properties from swimming pools to gyms to community halls to children parks to integrated sports complexes; you name it and they have it all. There is also the added advantage of a cleaner and greener environment in and around high-end homes.

Living in today’s luxury homes can be considered as the modern equivalent of living in palaces. The affordability may come to one’s mind when thinking of such homes, but then the high-end homes are not for everyone, are they?

The Top Suburbs of Mumbai

Finding a home to live in the metropolitan of Mumbai isn’t an easy task. It has some of the most diverse residential options to choose from, spread along the vast length and breadth of its suburbs. Here is a guide to help you choose from the different areas of the city.

Mumbai has always been the center for commerce and business activity in India. The city attracts a huge migrant population from different corners of the country in search of a better life. Being home to a number of multinational companies, a large number of expats also live in the city.

There is no dearth of comfortable housing options in the city, with most of its suburbs well developed and looked after by the government. However, the cost of living can vary from area to area, depending upon the vitality of the location. While the most important factor in choosing where to live is the distance between the workplace and home, other factors such as proximity to civic amenities, cost of living and connectivity also play a major role in making the final choice. The city is always teeming with new real estate activity and projects like Aura Biplex keep the residential market ticking by attracting new buyers and investors. Here are some of the major suburban areas of the city:

Bandra West

Bandra is the southernmost suburb of Mumbai, and is fondly called as the Queen of Suburbs. The area is mostly populated by the upscale residents of the city that includes the Bollywood stars and members of expat community. Bandra is a highly cosmopolitan area, known for its liberal lifestyle as against many other conservative localities of Mumbai. Buzzing with activity throughout the year, the area is home to some of the best restaurants, biggest shopping malls and luxurious homes. Bandra is also synonymous with the famous Pali Hill neighborhood and the Mount Mary suburb, which houses the largest group of Catholic population in the city. Some of the top real estate developers have their projects here; names include Celestial, Dunhill, Hill Roof and Aqua Marine amongst others.


The largest suburb of Mumbai, Andheri has a population of about 4 million. Andheri West is situated is largely a residential area, whereas East Andheri has a mix of commercial and residential settlements. The Chhatarpati Shivaji International Airport is also located in Andheri East. The east and west sections of Andheri are separated by a railway line which passes through the Andheri station, which happens to be the busiest and most hectic. The whole region has now developed into a trendy residential settlement replete with popular restaurants and international brands showrooms. It has the famous Lokhandwala complex, one of the largest residential complexes in the suburb and located near the Infiniti mall.


Lying at the northern tip of the Western Mumbai, Borivali has a rich history, which is seen in evidence in the form of a Christian church and the Kanheri Caves. Sanjay Gandhi National Park is another major landmark of Borivali and is located in the eastern part of it. On the foothills of this national park are located many newly constructed residential projects of which Aura Biplex, Parinee Adney are the prominent. Aura Biplex Borivali West is a 21 storey mixed-use project that consists of a commercial tower that offers 3 level vertical showrooms and a wide range of office space.


Located just south to Andheri, Juhu is yet another fashionable neighborhood. Swanky hotels, luxurious shopping malls, trendy restaurants, and coffee joints are the main attraction of this place. An evening at the Juhu beach is on a must-do activity list of tourists to Mumbai. The local population of Mumbai also loves to flock here for an evening stroll or catch some fresh morning air.

The Upcoming Projects of Bhubaneswar

Bhubaneswar or Bhubaneshwar is the capital city of Indian state Odisha or Orissa. The region boasts a rich cultural and historical heritage. Incidentally, the city is increasingly becoming popular for its growing real estate markets. Today, it is among the most coveted cities in the category of tier II markets and has been witnessing rising demand for real estate over the past year. The following article is going to discuss about the upcoming projects in Bhubaneswar along with their current prices and specifications.

Angel Avenue – This housing project is located in the Hanspal area and consists of 2 and 3 BHK apartments. These flats are scattered across multi-storey buildings comprising 17 blocks which include 375 homes. Located near Hi-Tech Medical College, The total area of the residential housing community complex is 4.5 Acres, of which 60 per cent is open space. There is a commercial complex and various amenities like club house, swimming pool, gymnasium and kids’ play zone.

The 2 BHK homes cover a built-up area of 1050 square feet and are presently available for purchase at Rs. 25 Lac, while the 3 BHK homes are spread across 1360 square feet of area and cost Rs. 32 Lac. These units will be ready for possession by December 2013.

G- Next Valley – Located in Tamando, this residential venture is being developed by Raj Anand Builders. It consists of 3 BHK independent villas that are now ready to move in. investors and end users can buy these houses at Rs. 48.6 Lac. The size of a villa in this NRI township project is nearly 1944 square feet.

The complex covers a total area of 7 Acres with 60 per cent space being open. The project also offers 2, 3 and 4 BHK apartments covering 1425, 1035 and 1050 square feet of built-up area. The 1 and 2 BHK flats account for only 1 lock while the 3 BHK homes are spread across 15 blocks. There are a total of 125 units in this development, which is situated near Gita Engineering College, behind Hyundai Showroom. The amenities include a gym, club house and children’s play area.

Citi Homes – Located in Balianta, this development is being built by SRB Multitech Ltd. it consists of 3 BHK villas of 1275 to 1312 square feet that are available for a starting price of Rs. 32 Lac. These independent houses will be ready for possession by December 2013. The total land area is spread over 10 acres and the construction of this residential projects is going on in full swing. Of the total area, 70 per cent is dedicated to open spaces. There are a total of 5 blocks in the complex which further consist of 129 units. The nearest landmarks are Hanspal Square on National Highway 5. The long list of amenities includes a multipurpose hall, swimming pool, power back-up, car parking and property staff.

Lifestyle Green – Located in Patia, Lifestyle Green is an upcoming residential venture offering apartments as well as land for purchase. The total area of the development is about 1 acre and consists of 40 per cent open space. There are 64 apartment units in all, which are built in 4 multi-storey towers or blocks. The landmark nearest to this project is the KIIT Square. The 3 BHK apartments are spread across a built-up area of 1680 square feet while the land occupies 1000 square feet of area. The flats are available for purchase at a price of Rs. 58.8 Lac to Rs. 60.8 Lac, while the plots of land can be acquired for Rs. 50 Lac. The homes, which will be ready for possession by June 2014, come with a set of amenities including a common club house of 3000 square feet.

The above article about Bhubaneswar Real Estate. Ample research has been done in order to compile the given data and present an overview of the property market.

Essential Tips To Consider Before Buying Plots

Most people prefer buying plots and building their own houses rather than living in high rise buildings and apartments. They prefer to own a piece of land and develop it according to their taste and liking. The charm of having your own duplex and penthouse or a bungalow outshines any other kind of property. If you are a land lover and believe in building your own house then below are some essential tips to consider before buying plots.

When one dreams of a house and of one’s retirement, the image of a green lawn, with flowers and trees and a small kitchen garden looms large in front of one’s eyes. Everyone desires an abode which is peaceful, serene and designed according to their own choice.

Buying a chunk of land and constructing a house according to one’s taste is the ultimate desire of many but only few get a chance to fulfil it. Those who carefully plan and implement their property investments are lucky to savour the fruits when they retire.

One needs a vision for the future and a strong will power to be able invest in property which initially seem untouchable but later bear fruits like never before. But once you have decided to buy plot in a particular area then the next step is to make sure that the deal happens in a manner which leaves a smile on your face. Essential points to consider before you buy a plot:

Location of the Land and Proximity to Major Areas

The most important aspect of buying a property is to ensure that the area where you are intending to buy a plot is not in a far flung area and is proximate to commercial areas. Everyone knows that buying a plot near a commercial hub is not easy and may have exorbitant price tag; and not everyone can afford it. But one can have a foresight and choose a developing area which is coming up with commercial properties. Such areas sell plots at a reasonable rate and when they get fully developed the prices multiply like anything.

Basic Amenities Check

While purchasing a plot one should find out that the plot has the provision to fulfil basic amenities and facilities like water supply, electricity, grocery stores and proximity to hospitals, schools and other community centres is a must check.

Drainage and Sewerage

In this era of infrastructure boom many cities are launched first and then their basic infra is planned…which is sad. Hence, it is important that a buyer confirms that the basic infra facilities like roads that lead to the colony are good and wide and nicely marked, water drainage and sewerage are in order or have concrete future plans and the overall maintenance of the area will be taken care of by a reputed and deemed authority. No one wants a bungalow in the wilderness.

Land Usage and Pedigree

Before buying a plot check the documents pertaining information about the land usage rules, history of owners of the land, legal papers are in order and the seller has the right to transact the property and is the true owner.

This is very necessary as no one wants to get into a legal hassle and dispute in a land deal and putting one’s money at risk.


Visit real estate websites and try to find out the real price prevailing in a particular area and compare prices with adjoining areas. This may help you find out the real worth of the land and know the circle rates of an area.

Gaur Yamuna City Noida

Gaur Yamuna city is one of the finest residential projects in Noida which is being developed by the most prestigious group of India Gaur Group. Many of this type of projects are being developed in Noida because these days the demand of the residences has increased inside Noida. Many of the causes are available in Noida because of those this city is getting the attraction of the people for their residence. Noida is these days increasing in a fast pace and in this city all the companies are trying to establish their business. As the number of companies is increasing in Noida, the population of Noida is also increasing and this increasing population is one of the main cause by which the demand of residences has increased. This demand has also attracted many of the real estate developing companies and these companies are developing their projects. One of these projects is Gaur Yamuna City. After the successfully development of many other residential projects this group has recently launched this residential project in Greater Noida.

One of the best connectivity having location is holding the development of Gaur Yamuna City. This location is having the connectivity and all the areas of Delhi and NCR are well connected to this location. This location will be most liked by the sports loving persons because the one and only formula one racing track are available beside the location of this residential project. This formula one racing track has hosted the first formula one racing tournament of India and in every year this track hosts this type of tournament. Another sports complex which is having many of the stadiums of indoor and outdoor sports is being constructed beside this location and inside that sports complex the stadium of is also available and this availability of sports complex and formula one racing track has increased the demand of this location. Yamuna express that connects Delhi and Agra in a row is passing this location from very close and this expressway provides the best connectivity to the location of Gaur Yamuna City. Many of other advantages are getable here from this location and all those advantages are producing a better and ideal location to the people who are going to be the part of Gaur Yamuna City.

Entire facilities and amenities are available in side this residential project, which is much enough to produce the best environment and those are also going to provide best relaxation inside the apartments of Gaur Yamuna City Noida. Two types of 2 BHK apartments are being offered over the sizes of 1000 and 1115 sq ft. 3 BHK apartments are also being offered to the customers over the size of 1375 sq ft.

Kothari Group is the Arch in the Organized Area in PAN Masala Industry

Kothari Product Ltd., a forerunner company of the Group is a public limited firm which was organized on 17th September 1983 and has a inexpensive stakeholders’ base. Its shares are being exchanged in the National Stock Exchange and stock exchange Mumbai. As the company is declaring the assets for over so abounding years constantly thus creating abundance for its stakeholders. In present, it is added than 25 years old having so abounding favorable outcome to its credit.

At present scenario, Kothari Group, as of today is added than three decades old establish having so abounding successes to its acclaim in the field of avant-garde marketing, quality, pricing, superior product design, availability and publicity. It has an excellent appeal base in added countries as well and exporting its products to several countries. It has as well assorted its activities in the accompanying fields of FMCG and in the field of realty development, Education and International Trade.

It has created a alcove in the market through its products. Kothari Group is a part of the leaders in the organized area in PAN Masala Industry.

The real estate ventures of Kothari Group itself and through its branch and added organiser group companies has abundant investment in the realty sector in the residential, hospitality segments, land, commercial, retail and development thereof. As the company with its strategic partner “Sattva Group” (Salarpuria Group) has commence upon an aspiring business plan to advance in the Realty Sector in the country to acquire the affluent dividends. KPL has partnered in the assorted projects of residential and commercial space in Bangalore. It has advance its wings in added Metro cities such as Vizag, Cochin, Lavasa, Kolkata, Noida, Pune and Mumbai.

Under the joint venture with Salarpuria, KPL has enplane on high development of Mega residential projects in Pune and Bangalore. Kothari Product Ltd and its Group companies acquire landmark commercial buildings in the business district of Pune, Mumbai and Bangalore leased out to finest IT Sector Multinational Companies. Various venture projects have been undertaken by the Group in the Hospitality Sector for development of Hotels, Malls and Service Apartments in Lonavala, Kolkata and Lavasa. As the 350 keys hotel architecture is close to completing at Kolkata which would be managed and operated by International Group - Accor hotels under the brand of ‘NOVOTEL’. Similarly Service Apartments and Hotel Projects are under assorted stages at Lonavala and Lavasa.

KPL has ventured into the Import Export Trade of assorted commodities and products including Agro based commodities, Petroleum products and Coal, Tiles, Metals, Copier Paper, Scrap, Minerals, Notebook, Steel and PVC, etc. As the company has as well included its Foreign subsidiary in Singapore for ‘General Wholesale Trade in accession to a Domestic subsidiary to accompany the business of International Trade energetically and profitably. The company has competent and motivated human resource, excellent in trade to look after the design profitably and professionally.

As the growth of the company ensures over the demerger, Kothari Group has targeted on catching the business opportunities in the most vibrant and buoyant sector of the economy such as Investment, Real Estate and International Trading of Imports and Exports. As the center convergence of Kothari Group is now on the business of Real Estate, International Trade and Investments.

Sikka Karnam Greens

Noida is making progress emerging as the hottest destination for leading IT Companies, BPO, Call Center, corporate companies and many other industries. A mixture of reputed solid namely like Atta Market, Sector 63, 64, 65, 58 and many more have found Noida ‘s famous location. The increasing of populations in this city is effect in the Indian real estate market also. Most of the buyers are looking a dream home in this city where they can get a best and high-tech lifestyle with all modern amenities. The corporate culture is also affecting the living style that is people crazy for modern homes. All these factors are affecting people thinking and they want a modern standard of living.

Sikka Group is the renowned real estate developer who is developing firm of India and inspiring the lives of modern individuals. The group has launched its latest residential masterpiece named Sikka Karnam Greens Noida to full fill the rising need of living spaces. This Residential project is located at Sector 143 Noida Expressway and offers a remarkable connectivity with almost every major destination of Noida and Delhi NCR. Sikka Karnam Greens offers 1, 2, 3 and 4 BHK apartments having floor area of 590 Sq Ft to 1900 Sq Ft. The most attractive part of the project is the various aspects that it gives which include modern club house, swimming pools, landscape gardens, kids play area, indoor and outdoor games, round the clock security and much more.

Sikka Karnam Greens equipped its residents with high tech amenities which are necessary to live a stress free and perfect lifestyle. This society is craved with superior privacy and freshening system that makes a comfort house of the residents. The interiors and exteriors structure is extremely gorgeous with unique design and make it a different society. With reputed educational institutes, hospital, entertaining centers and shopping areas located at the radius of 4-5 kilometers it has close proximity to the places like Amit University, Yamuna Expressway, DND Flyover, GIP Mall and many more.

About Developer:-

The Sikka Group was established in the year 1986 and was founded by Sh. Gurinder Singh Sikka, Chairman / Managing Director. The Sikka Group has kept on Growing with time and our Boundaries expanded with experience engulfing in it a lot of expertise, allocates, masterpiece, partners and sister concern and today our boundaries are literally boundless. With our verticals spanning across commercial, residential and industrial sectors, we are poised to conceptualize perfect lifestyle avenues, designed exclusively for your need.

Noida – Greater Noida: Good living quotient

The Noida-Greater Noida Expressway is poised to become a self-sustaining urban pocket in the NCR with good infrastructure and reasonable prices

Noida-Greater Noida Expressway is the alternate to Dadri Road connecting Noida and Greater Noida. The Yamuna Expressway also starts from this expressway just short of Pari Chowk in Greater Noida. This area has emerged as a major growth corridor and one can witness increased real estate activities here. Sectors abutting this corridor are 44, 45, 92-94, 96-100, 105, 108, 125-137 and 141-168. These sectors lie towards the south and south east of Noida.

This 23 km long corridor has attracted real estate investors and buyers with its good infrastructure facilities and connectivity to the other regions of NCR. This stretch gives quick access to the major business districts of Delhi like Jasola, Nehru Place and Okhla also the prime residential market of south Delhi. The new developing corridor i.e. Faridabad-Noida-Gurgaon Expressway will also pass almost midway through this corridor and increase the connectivity of Noida with Ghaziabad, Faridabad and Gurgaon.

It is also proposed to connect this highway with DMIC (Delhi Mumbai Industrial Corridor). This corridor will thereby have connectivity from all the major towns between Delhi and Mumbai. This area is getting Metro connectivity which will make this region easily accessible from other parts of NCR. The proposed Metro line in this corridor will have 22 stations, out of which 15 stations will come in Noida and 7 in Greater Noida. This line would be an extension of Noida City Centre in sector 32. The proposed stations on the route are expected to come up at Sector 50, 78, 81, 83, 101, Dadri Road, Sector 137, 142, 143, 144, 147, 149 and 153. The Noida-Greater Noida Expressway is one of the prime development corridors in the country, and unique as connectivity options are already functional or are making good progress.

Noida-Greater Noida Expressway offers a mix of residential and commercial developments on both sides of the corridor. This area has seen tremendous growth in residential projects owing to high demand from the commercial and IT/ITeS developments in the vicinity.

The administration authorities of these areas are more focused on a comprehensive and multi-dimensional development of infrastructure and the economy. Various special economic zones in some of the Sectors like 144-147 and 164-166 will become major employment hubs and as these economic zones will provide direct and indirect employment to people, the demand for housing in neighbouring localities will also increase.

This area has been witnessing a healthy demand along with the supply from various reputed developers like Jaypee, Supertech, Amarpali, 3C, Assotech, Logix, Unitech and Eldeco. These developers have come up with the concept of integrated townships, group housing and plotted developments in this area. In totality, location-wise and in terms of proximity to Delhi, this stretch offers good residential options. This location has become one of the self sustaining urban pockets of NCR region.

Projects which were launched at the price range of Rs 2,600 per sq ft two years ago are now selling in the range of Rs 5,500 per sq ft. The prices are still reasonable compared to other areas of NCR taking infrastructure into account. The property rates have showed stability and have witnessed an average hike of 28 per cent per annum over the last 2-3 years. Being the most prime developing corridor this area still has several projects that suit the large and varied mid-income group segment i.e. ticket size of Rs 45 lakh – Rs 1 crore.

Noida-Greater Noida Expressway is poised to be a great location for long and short term investors and occupiers. With an investment period of 2-5 years one can expect a minimum of 20-40 per cent returns on their investments. The Noida-Greater Noida stretch will offer better livability, and would be a good option for investment as well as end-use.


Quick construction tech

Panchkula-based construction company Enfocus Inc has launched a new technology of building houses at a fast pace. The company is representing Strata International Inc. USA for introducing a unique Alternative Building Technology, invented and patented by master structural engineer Nasser Saebi of USA and marketed internationally by Strata International Group USA.

According to Gregory Martin, Technical Engineer Strata International Inc. this technology does not use steel, bricks or concrete for constructing a structurally strong, light weight, fire retardant, highly insulated and termite-proof buildings that can be built quickly and uses very few trained personnel.

A sample building consisting two cottages has been constructed by Enfocus for Stopover Resorts located approximately 3.5 km from Raipur Rani on Panchkula-Barwala-Paonta Sahib road. Construction of this sample building was started on May 17, 2013 and was completed in seven days (see pic).

Giving details of this one-of-its-kind project in India, President and CEO of Clarusys Inc. USA, Sarabjit Grewal, said in Chandigarh earlier this week, “Buildings constructed using this technology are lightweight and structurally strong. The fire retardant capability enables the structure to withstand temperatures as high as 2,000 degrees without transferring any heat to adjacent rooms. Despite its numerous advantages over the conventional building technologies, the cost of construction with this technology is highly competitive and affordable.”

No real tide in backwaters of Himachal

The sleepy district of Sirmaur in Himachal Pradesh is yet to witness any substantial developement on the realty front in spite of its proximity to Uttrakhand and Haryana and housing the crucial industrial corridor of Kala Amb and Paonta Sahib.

While the district town of Nahan has witnessed minimal real estate activity in the past over a decade with just a lone housing project in the Dhameria area on the Nahan-Kumarhatti Road showing signs of any sort of real estate activity in the town.

However, this particular project has not been a losing proposition as the three-bedroom flats in this project covering an area of about 1,200 sq ft each have all been sold out. The promotor of the project Sachin Jain said that being the lone such venture the apartments had attracted prices between Rs 20 and Rs 25 lakh. Nahan as such is the centre of administrative offices and apart from the public sector-owned Resin and Turpentine Factory, little industrial or commercial activity has been witnessed here. Acute shortage of serviced land, presence of forest areas and steep sites have acted as a deterrent for undertaking commercial activities. With most of the land suitable for development either belonging to the royal families or the Municipal Committee and the Army, only minimal linear growth along the main road has been witnessed here.

Interestingly, the district has recorded a high population growth of 15.5 per cent in the latest census but the growth appears to be focused towards the twin-industrial towns of Paonta Sahib and Kala Amb, where large scale industrial activity has been witnessed.

These two towns house as many as 600 large and medium and small scale enterprises. Paonta Sahib, has, in fact, emerged as the fastest growing town of Himachal leading to an influx of migrant population of skilled and un-skilled labour.

However, lack of proper infrastructure has been a major hurdle in the growth of this town. Though industry is here but most of the executives prefer not to stay here as there is no good educational institution here.

Kala Amb, which is 12 km from the district headquarter of Nahan, too, is yet to witness any appreciable growth in the realty sector. Though some hotels have come up on the NH-71, colonisers have failed to set foot here.

The Himachal Pradesh Housing and Urban Development Authority (HIMUDA) have, however, made a beginning to develop planned housing colonies after acquiring land at several places in the area to make flats and plots available to homebuyers.

About 62.11 bigha land had been bought at Jurja, on the outskirts of Nahan town, by HIMUDA and development work is underway here. Umesh Sharma, Executive Engineer of the authority said HIMUDA will construct flats and will also sell plots.

He, however, added that the price of land was yet to be fixed as HIMUDA will take into account various factors like the value of the land and cost of development apart from other aspects. This land was bought for Rs 5.31 crore by the state urban development body. The HIMUDA has also bought land at three sites in the Moginand area for ~6.89 crore, and at Tirlokpur for Rs 4.28 crore. Development work and planning of various realty ventures has already been started by the authority.

Even though the state body plans to construct apartments too in its projects, there is very little demand for these here. The locals prefer to buy plots and construct independent houses, and the employees of different industrial units generally prefer to live in nearby areas like Panchkula, Barwala etc, opines GS Chauhan, General Manager, District Industries Centre, Nahan. So, it remains to be seen whether the urban development body’s efforts to give a thrust to the realty market here will bear fruit or the area will remain a dormant territory.


Rates of commercial properties

Nahan Town
Rs 10,000-Rs15,000 per sq m

Kala Amb
Rs 8 lakh to Rs 15 lakh per bigha

Rampur Jattan
Rs 5 lakh per bigha

Rs 3 lakh to Rs 4 lakh per bigha

Paonta Sahib
Rs 1.5 lakh to Rs 3 lakh per biswa

Rs 10 lakh to Rs15 lakh per bigha

Rs10 lakh to Rs 15 lakh per bigha

Land troubles stall textile projects

The prospect of setting up two textile parks in Belgaum district has faded, thanks to the hurdles in land acquisition. The BJP government had approved both proposals and initiated the process of land acquisition at Waghavade village in Belgaumtaluk and border village Borgaon in Chikkoditaluk.

Both projects were planned to be implemented under Special Purpose Vehicle (SPV) scheme of the central government. Under the scheme, societies registered under Companies Act develop and monitor the textile park for which central government allot up to Rs 40 crore grants. To avail the benefit of SPV scheme, availability of land is the major requirement.

In case of Waghavade scheme, Belgaum DC had given approval for acquiring 69.32 acres of government land in 2007. But the decision was strongly opposed by the local farmers, who had been residing on the land for long. Former MLA Abhay Patil, who heads Parivartana textiles, made implementation of the scheme more complicated. Things took a political turn when government finalized to hand over the 69.32 gutas land to Parivartan Textile for mere Rs 18.18 lakhs.

Few months ago, textile and handloom department wrote a letter to DC’s office to clear the file, said deputy director of textile of handloom department Vasudev Dodamani.

In case of Borgaon project, the textile department had identified 130 acres of government land in 2010. But, the revenue department refused to hand over the land citing that land cannot be given for commercial projects of the textile and hand-loom department. Mumbai-based company had planned to invest around Rs 500 crore on the project, which would have generated around 2,500 job opportunities to locals.


New Homes for Old ones

A sluggish market has turned the focus back on redevelopment. In Mumbai, housing societies are being wooed into such projects by the very developers who built those homes decades ago, but still retain the conveyance deeds for those plots of land

The real estate market is currently awash with various payment schemes, gimmicks and value-added propositions to get inventories moving. Away from all that, however, some developers have found a way to make good profits without having to make substantial investments. This is a trend being witnessed in Mumbai and its suburbs and it is a matter of time before other markets catch up. That route is redevelopment.

How it began

During the 90s, the Mumbai skyline was changing. Several new developments came up. They are now 20 years old. If structures built before are included, the total will add up to several thousand buildings.

Housing societies have been formed and registered after occupants moved into these buildings. The one crucial document that should be in the possession of these societies has not yet been given: conveyance deed to the property. This means, the land on which the society stands is still owned by the developer, which makes him the landlord.

The housing society merely owns the building structure and not the land beneath or around that structure. Spaces around the structure can take many forms such as parking lots, gardens, recreational areas, open spaces and even golf courses as well.

“About a decade ago, several small-time developers began demolishing these open spaces and started building other structures. Several housing societies opposed this and went to court. However, since the conveyance remained with the developer, nothing much was achieved through legal battle. There are still hundreds of cases pending in various courts on the same issue,” says M Shefali, an advocate, citing a recent case of one such housing society in a western suburb of the city that is still pending in court.

During the boom years from 2004 to 2009, developers focused on new projects and not much happened in the redevelopment space. Over the last four years, the sluggish market post the 2008 global crisis has turned the spotlight on this activity.

This time, however, developers are avoiding acrimony and bitter legal battles. They are approaching housing societies with proposals to redevelop the same project built earlier. This time, the approach is professional and based on mutual understanding and legal arrangements.

The Model

“A developer in Borivali developed a residential complex of six buildings in 1990 at the prevailing FSI (floor space index) regime. He created a garden, a parking lot, etc. in the complex then. The flats were sold at the prevailing market rate and possessions were given. The society was formed by the new flat owners in due course. However, conveyance has not been given till date. The original developer has now approached us with redevelopment carrot,” says Umesh Shah, the secretary of a housing society.

After 20 years of moving into a house, the residents of any society would want three things: larger space, a better and safer building, and better amenities. Members of many housing societies who wish to redevelop are restrained mainly on account of the cost factor, and the lack of trust in any developer.

“The original developer has a better chance here. Usually the society members (flat owners) were the original buyers. Their trust level is usually very high with their developer since he built for them their dream house. This trust exists even after decades. Developers are using this factor now,” says ND Mehta, a property consultant who is advising one such project in Ghatkopar, a central suburb of Mumbai.

The original developer has entered the scene as a redeveloper. However, this time he makes an agreement with the society as one entity instead of individual home seekers, when he sold the flats the first time.

The Makeover

The focus of the developer would be to exploit open spaces within his original plot as he is the landlord. He would use provisions of new FSI regime to create more built-up spaces.

“Our four buildings will be replaced with two towers with multi-level podium parking or basement parking. Since the original open parking lot is shifted, the developer gets larger land to exploit for his benefit,” says Bharat Chande, a committee member of a society in Wadala, in central Mumbai.

After rehabilitating the residents of his old building in the new towers, the developer, who is now the redeveloper — would also be able to sell a few floors or a wing in order to recover his expenses and make good profits.

“Had he given the conveyance to the society, he would not be in position to rip off profits from the same plot twice. Otherwise, our society with the conveyance would have been the beneficiary of such additional privileges,” adds Chande.

Since the original developer owns the land, the capital investment at this stage is insignificant for him. In order to avoid further investment, some developers who may not have the resources to carry out this exercise are now joining hands with bigger and reputed developers who bring with them superior construction technology and have the resources towards expenses such as rents for existing occupants, corpus funds etc.

“This joint venture gives a much needed stability to the project and also enhances the trust and reliability quotient,” says Lalit Sanghvi, a small-time developer who has tied up with a bigger banner for his building at Girgaum in south Mumbai.

The Benefits

This is a faster process than a fresh development on two counts. One, the approval procedure is not as time-consuming or complicated and second, the cost involved for the developer is very low as compared to a new development.

Existing occupants get benefits such as stronger and safer buildings, extra space, modern amenities, besides a corpus fund for the society, rent for the stipulated period for alternative residence, shifting and other charges along with stamp duty and registration costs. Besides, projects get completed faster.

“This time, flat owners as the members of the society can collectively demand the conveyance of the plot in the name of the society. Even the developer now would not mind since there would be nothing left to develop or gain from this plot or project anymore once this redevelopment is completed. However he might charge for the same in the range of Rs 500 to 700 per sq ft,” adds Mehta.

“Besides some flats to sell in the open market, the developer has some other benefits as well. Though this kind of project may not generate huge profits but in a present slow moving market, getting and completing a redevelopment project would get him better reputation and fetch him quicker financial support for other projects as well. This kind of smaller but continuous profit inflows would help him sustain for a longer period in difficult times,” says Shah.

This model has another benefit for home aspirants as well. Like any other redevelopment project, this will also generate more flats which would come in open market. The home seekers would be able to select from various localities and price ranges. It seems like a win-win situation for all.

A word of caution

In order to get the benefits of redevelopment, the society may lose open and green spaces. A jogging track may be lost for superior fittings, or a garden for a bigger parking lot.

“If a society wishes to maintain all the green and open spaces and yet wants the benefits of the redevelopment then it can go ahead on its own. It does not need an outsider,” says Sampat, an advocate and a housing activist.

However, conveyance is a necessity for redevelopment on one’s own. If the original developer or present land-owner agrees to do conveyance at a reasonable price, the society should get it done at once even it does not plan any redevelopment at that point.

“If the land-owner does not agree or demands unreasonable amounts, the society can approach the state government for the recently launched option of ‘Deemed Conveyance’ and with that the society can proceed for the redevelopment on its own without sharing its profits with anyone. However, one must consult professionals and experts on this,” says Sampat.

There could be many reasons for the conveyance not being handed over to the housing society. The blame could be on either side depending on each case.

However, the fact remains that had the housing society persuaded and managed to get the conveyance from their original developer earlier, it would have been enjoying the fruits of this game today.


House prices begin recovery

Property prices in major cities are just beginning to move up, says the latest quarterly update of the NHB Residex.

The trend is borne out by the GDP data for 2012-13 released on Friday. For the fourth quarter of the year, construction has turned around to record a growth rate of 4.4 per cent against 2.9 per cent in the previous quarter. This trend is reflected in the Residex numbers too.

The Residex, developed by the National Housing Bank with inputs from RBI and CSO tracks the movement in prices of residential properties on a quarterly basis since 2007. It has emerged as a rich source of data for the sector which is thankfully unbiased.

As per the index for the quarter January-March, 2013 prices of properties are firming up in twelve of the 20 cities that the Residex tracks. Of course there are wide variations among them too. The variations range from 0.52 per cent in Indore to the steep 28.74 per cent in Jaipur. On the negative side, ie where prices have dipped are eight cities with the downturn being the least at -0.54 per cent in Vijaywada to -7.84 per cent in Guwahati, quarter on quarter. But the rise in the index for the quarter January-March, demonstrates that in majority of the cities some pricing power is returning to the sector compared to the previous quarter.

In the Delhi NCR which accounts for the bulk of the real estate market in the country, there is a clear sign of uptick. Delhi itself shows a rise of 3.59 per cent while Faridabad has corrected by 0.98 per cent. Among the four metros. Mumbai too has risen 2.31 per cent but in the two other cities Kolkata and Chennai prices have fallen.

The other cities where prices are improving for the housing stock available are Bangalore at 2.83 per cent, Kochi at 2.30 per cent and Ahmedabad at 0.53 per cent. From the current quarter Residex has been expanded to include six more cities: Chandigarh, Coimbatore, Dehradun, Meerut, Nagpur and Raipur. Compared to the base year 2007 prices in these cities naturally has risen considerably. It is 94 per cent in Chandigarh followed by 91 per cent in Meerut and another 84 per cent in Coimbatore down to 56 per cent in Raipur.

But six years after the index was launched by finance minister P Chidambaram, the Residex is still far from complete. It was supposed to cover all the 63 cities under the Jawaharlal Nehru National Urban Renewal Mission but that has yet to happen. Also at present, index is being developed only for residential housing sector. Plans to expand it later for a wider geographical spread to include separate indices for commercial property and land are still at the drawing board. The plan is to use all of them combined to arrive at the real estate price index. “The data based on actual transactions are put through a model that depicts the trend in the market. The Residex is expected to bring greater uniformity and transparency in the valuation of properties across the industry”, says the bank chairman RV Verma.

Rising Trend: Residential housing prices in 12 cities have shown increase in prices in this quarter ended March, 2013 (January-March, 2013) over the previous quarter ended December, 2012 (October-December, 2012). Maximum increase was observed in Jaipur (28.74per cent) followed by Bhubaneswar (14.54per cent), Pune (7.81per cent), Bhopal (6.49per cent), Delhi (3.59per cent), Bangalore (2.83per cent), Mumbai (2.31per cent), Kochi (2.30per cent), Faridabad (0.98per cent), Patna (0.67per cent), Ahmedabad (0.53per cent) and Indore (0.52per cent).

Declining Trend: Eight cities have shown decline in prices over the previous quarter with maximum fall observed in Guwahati (-7.84 per cent) followed by Ludhiana (-6.71 per cent), Surat (-6.67 per cent), Kolkata (-5.75 per cent), Lucknow (-3.18 per cent), Hyderabad (-2.23 per cent), Chennai (-1.28 per cent) and Vijaywada (-0.54 per cent).


Jaipur Development Authority demolishes 11 houses in Nullah area

Amid huge protest, the Jaipur Development Authority (JDA) swung into action on Wednesday and demolished illegal constructions in the catchment area of Amanishah Nullah near Kiran Vistar in the city.

The JDA enforcement team’s bulldozers pulled down around 11 houses identified as illegal constructions in the nullah’s catchment area.

“Five houses, three small rooms and boundary wall of three plots were razed. Many affected house owners protested but there was sufficient deployment of police force to maintain the law and order in the area,” a senior JDA official said.

During the demolition, Poonam Kumari whose house was razed fainted and was admitted to the hospital. Another house owner, Ravi Jadavat, climbed to his terrace and attempted suicide by holding electric cables. Later, Jadavat was arrested by police.

The affected house owners alleged that their household goods were damaged as the demolition team did not give time to vacate their houses. Rajendra Kumar, father of Poonam said, “My daughter’s wedding is scheduled next month and all the goods have been damaged as the team forcefully raze the house.”

The affected house owners in the JDA region alleged that not following HC’s directions is a contempt of court. Jadgish Chaudhary, an affected house owner and RTI activist said, “The state government cannot maintain the width of the nullah as per its suitability. In JDA region, the width of Nullah is maintained up to 210 feet. However, in the JMC region, the nullah is approximately 106 feet wide and flowing water will be determined as a centre line in this area. Uniformity has not been maintained by the state government to maintain their vote-bank.”

Chaudhary claimed, “The drive is being carried out as per the MNIT survey report in the JMC region. The report also says from NBC to Maharani farm, the nullah should be 120 meter wide. If the government is making the nullah 53 -53 feet wide on either side in the JMC region, why is it widening the nullah more in JDA region?”

With the deadline, May 30 set by the HC, approaching fast to demolish the residential structures in the Amanishah Nullah catchment area, the civic bodies have started the demolition drive once again. The JMC, after giving a day’s time to the encroachers, will start its drive again on Thursday. According to an official, “Around 150 house owners have to fill the optional form and team will start the demolition and rehabilitation process.”


An Update on Noida Commercial Property Development

Noida (New Okhla Industrial Authority) is one of the few planned industrial townships in Asia. Besides the industrial space, more than 20% of the land is occupied by the Noida commercial property.

The Noida commercial property development is especially spread over the sectors 1 to 6, 10 to 16, 16A (film city), 18, 51, 51 and 57 to 62. Several modern commercial avenues are also built in the sectors like the 21, 28, 29 and 37. Due to the increasing demand for Noida commercial property, many A grade commercial projects like Express Tower sector 16A, Express Tower in Pipe Line and Logix Park of sector 16 are built.

Noida Commercial Property Market
Though the demand for Noida commercial property is gradually increasing, the price has been in check due to the adequate supply. The commercial properties in Noida fetch around 10% p.a. as rentals on the capital value. Hence, the commercial property market is ever booming.

Noida Office Space
The Indian as well as the MNCs find Noida to be one of the most preferred locations. In fact, the major backbone of the economy of Noida is formed by the IT & ITES. Most of the IT companies are located in the sectors 29, 57, 58, 59 & 60. Also, a large area in and around sector 18 consists of huge office complexes. Due to increase in IT spaces in Noida, the city has expanded to about 0.78 Million sq ft against the average demand of 0. 52 Million sq ft. Besides IT, Noida is soon becoming a common address for renowned BPOs.

Noida Retail Space
The sector 18 is the prime retail market of Noida. You would find high street shops as well as giant malls. The shops are available on rent and also on sale with the average size range of 200 - 500 sq ft. The Great India Place developed by the Unitech Group is located at Sector 38-A of Noida. It is a part of the large entertainment city amusement park and hosts a series of brands like Globus, Shopper's Stops, Pantaloons, Big Bazaar, Home Town, Lifestyle, Guess, Adidas, Nike, Marks and Spencer and such.

Noida Industrial Space
There are more than 7000 manufacturing units with an investment of Rs 15,000 crore. The Noida Software Technology Park (STP) is accounted to be country's second largest export turn over. Infotech Park (ITP) occupies 100 acres of land and is regarded as the Epicentre of Noida's industrial revolution. The Noida Export Processing Zone (NEPZ) is 100% export oriented unit and perhaps the only landlocked export processing zone of the country.

Important Points To Remember About Residential Flats in Noida

With IT investments for laundry and development of those facilities and in Noida, has been momentous growth of population in the city. Hence, with the fast growth of commercial real estate market, residential property in Noida has also grown quickly. The growing demand has created an enviable price appreciation for the city of Noida Residential favorite motifs investment goods. Activities such as purchase, sale and rental apartments are quite common in Noida. Let's look at the following facts relating to the residential apartments in Noida.

Important Points To Remember About Residential Flats in Noida:
Noida residential property enjoys a growth surge. Due to the price appreciation of residential flats in Noida, real estate investment has become very lucrative for many, thus creating greater demand for residential development in Noida.

Noida also has received a viable space for property investment not only among his people but also among investors around the NCR. The floors are presented as income to the huge population of enterprises in the city. So, go get a good return on investment.

For the cake, the non-residential Indians (NRI) are inclined to buy luxury apartments in high-end home in Noida. The properties are measured as their second home as part of its real estate portfolio. It is predictable that one would have expected the foreign direct investment of 30,000 crore in the coming years. Not only in residential but there are also commercial property in Noida as well which is coming up rapidly.

The main area, i.e. residential floors is in Noida sector 14, 15, 27, 28, 29 and 37. All sectors primarily consist of the development of housing whereas the zone is mainly poised of 44 floors housing groups.
Even though there is great demand for residences in Noida, but most buyers is composed of residential apartments Noida as their second home, or simply for investment purposes. There are also great demands for property in Noida Extension as well.

There is strong competition among developers of the best to reach innovative residential quality of life and world-class centers. The real estate colossal Unitech has developed plush residential apartments in the projects of the Great in the sector 96, 97 and 98. The project covers over 347 acres in Greater Noida Expressway. In short it is said it is the best property in Noida.

Yet another prominent call base constructor Noida Jaypee Group has launched its latest project in the city of desire in the sector 128. The project focuses on the course and also offers floor with large green front view. Other projects include Aamantran by Eldeco, Celeste Torres Assotech Limited, Eldeco Utopia, Omaxe Twin Towers, Eldeco Olympia, the Great Forest, Omaxe, Omaxe Forest Spa by the greatness and such Gaur.

As already mentioned, the main reason for developing the housing market is the growth of business and industry in the city. Each year thousands of IT professionals are reduced to the city for work. Consequently, the demand for housing has led to the development of corporate structures and modern lifestyle.

Owing to the raise in the cost value of Noida residential property, many find it a lucrative alternative to invest and make profits in return. In fact, the trend of real estate investing has launched the people of Delhi and NCR region to buy houses in Noida.

Experience Comfort Living at KW Srishti in Ghaziabad

Real estate in Delhi/NCR is emerging as a popular choice among property buyers. Discussing about NCR real estate, Ghaziabad realty market is not behind the race. If you are among those who wish to buy a luxury house at an affordable price, KW Srishti in Ghaziabad can offer your most desired dream house. Read on to know more about the new launch.

What does the New Project Offer?
KW Srishti in Raj Nagar Extension is a residential project offered by K World Developers Pvt. Ltd. It includes state-of-the art infrastructure and world-class amenities, and facilities.

Amenities and Facilities:
To name a few, modern gymnasium, swimming pool, playground, club house, earthquake resistance, rain water harvesting, and sports facilities are major attractions of the new launch.

Apartment Sizes:
It is a perfect destination for buying flats, which are available in 1, 2 3 and 4 BHK sizes. Thus, it is a suitable option for different sizes of families.

Price Range:
The advantage of buying house in the residential complex is affordability. The 1 2, 3 and 4 BHK flats are available at an attractive price starting from INR 14.52 lac (s) to INR 73.1 lac (s). Thus, families looking for affordable, beautiful and luxury houses can rely on KW Srishti at Raj Nagar in Ghaziabad. (Price as on 22 April, 2013)

Ready for possession in January 2014, the residential units are Vastu compliant to ensure prosperity in the house.

Location Advantage:
The project location, Raj Nagar Extension is a rapidly growing real estate destination in Ghaziabad. The location has advantage of great connectivity that allows access to nearby locations like Dilshad Garden, Vaishali, and Indirapuram. The project site is in proximity to NH- 58. Buying property in a flourishing realty destination like Ghaziabad is an added advantage as it ensures huge returns in future.

The new project enjoys the experience of reputed real estate player, K World Developer who has offered numerous awards winning realty project in India. The residential apartments developed by the builder include modern layout and unique designs. Moreover, the new launch is approved by GDA. So, what are you waiting for? Check out the best deal at Srishti in Ghaziabad to take the advantage of affordable real estate deal in the project.

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