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.

Urbana from M3M-Promising World Class Offices in Gurgaon

Gurgaon has emerged as one of the most preferred destinations for setting up office spaces by leading MNCs and indigenous firms. Gurgaon offers numerous advantages that perfectly suit the businesses. Let us peep through some of them.

·         Proximity to Delhi, the capital city of India.

·         Close to the IGI International airport.

·         World class civic amenities and infrastructures.

·         Flexible industrial and business policies of state government.

·         Well connectivity through rail, road, and air.

·         Large supply of IT and capable workforce.

Urbana promises to be a high-end shopping centre with office spaces. The retail shopping market will comprise of “Ground+2” floors and third floor to fourteenth floor will have space for offices. The features of this highly anticipated commercial project include:

·         24X7 power and water supply.

·         Centralized air conditioning.

·         Multilevel basement for unlimited parking space.

·         Dedicated entrance and exit zone for offices.

·         Robust security arrangements having the provision of video surveillance (in basement, parking, lifts, and aisles) and manned security.

·         Ultra modern safety arrangements.

The firm has launched an inaugural discount of INR 1000, that means booking the space of 1000 Sq ft will INR 1 million on this commercial property Gurgaon. You can buy the space for the having the office in the posh address and you can also buy just for the sake of investment purpose (it will surely yield good rental and resale value).

Buying Commercial Space can be Sound Investment Decision

Indian economy is slated to grow at a colossal rate of over 9% in the coming years. Large consumer base and younger population have been two important reasons which kept our economy almost insulated when there was an acute recession worldwide. Contemporary robust and growing economy promises two things for any business:

• Established businesses will consolidate and grow.
• New businesses will be launched.

Now, how do you get profited from this or what should you do to tap some money? You can buy shares of various companies but that can be a risky proposition, remember the near slump of Sensex from 20K to 8K in the wake of global recession. Or, you can invest in real estate. Well, the real estate investment involves:

• Residential apartments
• Housing plots
• Industrial plots and
• Commercial space

We will focus on the commercial space which further involves shops and offices. As you will see, there are many developers coming with the idea of inclusive participation of investors in the development of commercial projects. The rental returns from such commercial investments are approximately pegged at 1% which means that your investment will be recovered in 8 years. If you see on yearly basis then it still comes out to be 12 % which is greater than any bank’s rates on fixed deposit. Also, add to it the price escalation of the space which increases almost by 12-20% every year. The cumulative return on your investment comes out to be 24-32%.

I hope you would have got a fair idea regarding the huge returns on commercial space. And, the best part is the fact that the investment is completely secured.

Hence, if you want to rent out a residential property noida or a portion of your residential home, you will do the same with the assistance of property dealers. Similarly, if you need a home on rent, real estate brokers in the city is the right person to contact.

Knights Court from Jaypee- for Those Who Prefer Grandeur in Place of Residence

Jaypee has launched its new township project in Noida which promises an opulent living style. The township is named “The Knights court” and the features truly vindicate erstwhile knight’s lifestyle. It is located ideally and well connected through the 8-lane Taj Expressway; additionally there is also a proposed metro station in the vicinity. The property can be accessed swiftly from the strategic points like South Delhi, Connaught Place and International airport.

Jaypee Knight’s court is slated to have 2, 3, 4 bedroom apartments and pent houses. The project will be overlooking 18+9 golf course and there is lots of free space laced with thematic landscaping. The township promises rich avenues for sports and fitness enthusiasts with the sports facilities like Tennis, Badminton, Squash, and Table Tennis etc within the township.

Residents of Knight’s court can enjoy long and engaged walks as the township will have open markets, super stores, temples, meditation centers, retail shops etc. The township is being designed with the theme of “Walk to Work” and hence there would be adequate commercial places to house small and large corporate houses. The township is also slated to have its own 500 bed Jaypee Super Speciality Medical and Research Centre having world class medical facilities.

There would be sufficient power and water back up so you won’t be feeling the shortage of the either of the two. A 3 tier security arrangement in the township will keep you relaxed about any worries or tensions regarding security breaches or other security threats. The apartments will have all the luxuries besides great and aesthetic design. For those who are particular about the design, the township has been planned and designed by world renowned architects Arcop Associates and Landscape Architects Capila Lovejoy of UK. So, if you have money and wish to live in opulence then Knight’s court is the place where you should head.

Hence, if you want to rent out a residential property or a portion of your residential home, you will do the same with the assistance of property dealers. Similarly, if you need a home on rent, real estate brokers in the city is the right person to contact.