Realty Sector Need to be Environment Friendly

The recent disclosures in Adarsh housing and Lavasa can have huge impact on the way the realty sectors used to operate. The unearthing of huge irregularities in these mega housing projects has led the Ministry of Environment and Forests (MoEF) to act swiftly. These projects have been served with legal notices and they are facing demolition threat. As an investor, these events are eye-openers and you must see to it that the project has environmental clearance to avoid any embarrassment and future threat of demolition.

Let us see some of the rules and regulations and the clearances that are required. You must know it well before buying a property or erecting a house. Delhi Urban Art Commission (DUAC) is the government agency that gives the final go-ahead for any major infrastructural development. Besides, you must also be aware with the environmental clearance and it will become a critical parameter soon. However, the parameters of this clearance would vary from city to city. The local level bodies involved in the clearance of property projects in Delhi involve DUAC, Yamuna Standing Committee (YSC), Delhi Pollution Control Committee (DPCC) and you must seek the go-ahead from these agencies before investing in any real-estate project.

Real Estate Prices in Mumbai and Delhi Heading to Saturation

Renowned property consultants, Jones Lang LaSalle, have said that the property prices in Delhi and Mumbai have reached to the level of 2008 and cautioned of a decline in demand if prices rise further. It also said that prices in other Indian cities will keep rising and they might touch the 2008 level in the mid 2011. According to the JLL chairman Mr. Anuj Puri, Delhi and Mumbai real estate sectors were most adversely affected during the economic meltdown and hence the rapid increment in the backdrop of contemporary healthy economy.

JLL India Chief Executive Officer (operations) Mr.Santosh kumar said that prices of mid and high end flats in Gurgaon and Noida were hovering around Rs 8000-Rs 10000 psf (Per Sqaure Feet) and Rs 3500-Rs5000 psf respectively. He also gave a clear picture of the current price of apartments in central and sub-urban Mumbai as ranging from Rs 25000-Rs 30000 and Rs 9000-Rs 16000 respectively. He said that real estate will see a robust sale at the current price level and affordable housing will also register decent growth.

M3M Golf Estate: Be a Part of Unique Golf Resort Living

M3M Golf Estate:
M3M is bringing up an ambitious project christened as “Golf Estate”. Within few days of its launch, the project has created buzz in the real estate circuit. Let us see some of the proposed features contributing in the popularity of the project.

• Located in Sector 65 along the Golf Course Extension Road in Gurgaon, 30 minutes drive from IGI Airport.
• Gurgaon is one of the most sought after destination because of its proximity to Delhi and being one of the major IT & ITES hubs in India.
• First of its kind in effectuating the concept of Golf estate living in the guise of ultra luxurious condominium units.
• 9-Hole executive Golf course designed by Graham Cooke.
• The project is spread over 75 acres of lush green area with aesthetically manicured natural surroundings, immaculate landscaping, and large water bodies.
• Extremely large club house with an area of 100000 Sq. ft.
• Lots of recreational centres like cigar lounge, multi cuisine restaurants, squash and badminton court, ice skating ring & boating canal, art gallery, spa and gym, golf training centre, and host of other facilities.

Option in Flats

The project entails variety in 3 BR and 4 BR flats with a minimum area of 3605 Sq. Ft. (3 BHK+Den) and a maximum of 4770 Sq. Ft. ( 4 BHK+ Den+ Gym). Let us look at the details of the flats and their Area.

Price

This unique luxury project comes with substantial price tag but considering the facilities and location the price seems quite reasonable. The project is priced at a BSP ( Basic Sales Price) of INR 8100 psf ( Per Square Feet) . Other associated charges involve:   

Facility	Charges in INR
IDC & EDC	381 psf
IBMS	150 psf
Car Parking	3 lacs per car
PLC	As applicable

3C Lotus Zing Noida - for Luxurious and Spacious Living

3C company, one of the leading firms in realty sector has launched a luxurious residential project. Lotus Zing, as it is known, promises to carry the legacy of the grand success of Lotus Boulevard and Lotus Panache. It is located in Sector 168 along Noida Expressway and is a mere 20 minutes drive from South Delhi.

The project will spread over 17.5 acres in area and will contain 16 towers. There are 1 BHK , 2 BHK and 3 BHK apartments in offering and some of them will have servant and utilities room. The minimum and maximum areas of these apartments are 575 Sqft. and 1415 Sqft. respectively. The project promises to provide a mix of great environs and modern amenities.

Lotus Zing is ideal for those who seek openness as the apartments are slated to be open from three sides. The project is being developed keeping in mind the taste of “Gen-Next” and it is slated to have ultra modern courts for various sports like lawn tennis, basketball, volleyball, and badminton. There will be two outdoor swimming pools to satisfy the aquatic drives of residents.

Provision for multi-tier security system ensures the robust safety and promising the residents a great and secure living experience. Other lucrative features of this project include Club house, food court, beauty salon, walking trail and jogging track,     medical facilities, and gymnasium etc.

The BSP ( Basic Sales Price) is INR 3150 per square feet and there are additional charges like PLC ( Preferential Location Charge), IFMS, and lease rent. Well, it is still economical considering the experience of living as promised by the project.