Monday, March 31, 2014

Striking a Good Deal Buying a house from a person who has booked it at the launch stage can get you a decent discount

Are you looking to buy a house but don't want to wait for three to four years that developers take to complete projects? Or do you want to live in an area where basic infrastructure is already in place? If yes, your best chance is buying a house in the resale market. This will reduce the waiting period for developing the property and the locality.

Though this will eliminate some risks, still there are many things you must remember while buying a property in the resale market.

RESALE UNITS
Such houses are not necessarily old. The market has a large number of recently-built houses that are owned by investors who want to cash out.

Properties in the resale market can be put into two categories. First, ready houses owned independently. Second, units in projects which are in the construction phase. In such projects, the seller does not own the property yet, but has an agreement with the developer entitling him to ownership in the future.

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Sunday, March 30, 2014

India's realty sector remains favoured destination: Report

The Indian construction and real estate sector continues to be a favoured destination for global investors and businesses are optimistic about their prospects for this year, says a report.

Increasing migration to cities and urbanisation along with interest from buyers to invest in real estate market, will continue to be the prime demand drivers, according to assurance, tax and advisory firm Grant Thornton.

"Despite being burdened with high construction costs and increased cos ..

Prices in Delhi-NCR (above) and Bangalore rose in the quarter ended December 2013

Prices in Delhi-NCR (above) and Bangalore rose in the quarter ended December 2013 while prices in Mumbai stopped falling‘. Express archive

In recent months, real estate prices have shown an increase in 16 out of 26 cities covered by the country’s most authoritative residential housing price index, suggesting that prices may be finally bottoming out.

Prices in Delhi and Bangalore rose during the quarter ended December 2013. In Mumbai, prices stopped falling for the first time since March 2013.

http://indianexpress.com/article/business/business-others/home-prices-begin-to-rise-signal-change-in-real-estate-market-mood/

Vote on Account 2014: Indian real estate embracing change in the time of economic revival

The past decade has seen the Indian real estate industry ride on a roller coaster ride through many highs and lows. This period has seen the expansion fury which gripped the sector with the market peaking in 2006 -2007 characterized by a growth in demand, substantial development and increased foreign investments. By mid-2008, this fervour was replaced by cautious evaluation of business models and plans, which was the key agenda of the business houses when the market loomed large with uncertainty in 2008. The real estate industry world-wide entered 2010 with a renewed sense of optimism with economic recovery mitigating the adversities that the recession had generated.

This time-period of Indian real estate history got more exciting with the sector having already witnessed a boom to bust cycle. The optimism of 2010, seemed short-lived with things gradually moving towards uncertainty yet again. In 2013, India recorded the lowest growth since 2009, increasing concerns about the Country's economic performance. The year has seen a significant fall in the value of the currency, increased inflation, political uncertainty with impeding elections and a highly volatile stock market. The sector is currently at an inflection point in the cycle, where there has been a strong focus from the government to recognise some of the omnipresent challenges that have been plaguing the real estate industry.

http://articles.economictimes.indiatimes.com/2014-02-14/news/47359478_1_real-estate-regulation-gaurav-karnik-reits

Prices in Delhi and Mumbai fell by 1.5 and 0.5 per cent respectively.

Weak sentiments owing to the slowdown in the economy seems to have finally taken a toll on the demand in the residential real estate sector as house prices for the quarter ended June 2013 softened across the country. According to the data released by National Housing Bank (NHB),22 out of 26 cities that are covered by the NHB Residex witnessed a fall in housing prices during the quarter ended June 2013,when compared with the previous quarter.

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http://en.wikipedia.org/wiki/Indian_property_bubble

Property market looks good this Gudi Padwa

A festive spirit only adds to buyers' sentiments in the property market. After last year's slowdown due to the severe drought in Marathwada region, belligerence is the watchword in the Aurangabad property market this Gudi Padwa.

The confederation of real estate developers association of India's (CREDAI's), Aurangabad chapter president, Papalal Goyal said, "The real estate market looks good this year. Business of more than Rs 100 crore is for Gudi Padwa on Monday."

Read More
http://timesofindia.indiatimes.com/city/aurangabad/Property-market-looks-good-this-Gudi-Padwa/articleshow/32988309.cms

40% of new home units in Noida delayed

NOIDA: Ramesh Saxena, a 29-year-old IT professional, had booked a flat in Noida Extension in early 2009. He was promised delivery in three years. But with his dream home nowhere near completion, he is paying Rs 20,000 a month as rent in Vaishali — apart from shelling out even an larger sum as EMI for the home loan.

"I am spending almost Rs 50,000 on rent and EMI. That leaves me with hardly any money. My father, a retired government employee, uses his pension money for other expenses," said an exasperated Saxena, who had planned to get married only after moving into his own home. His marriage plans, too, are now indefinitely delayed.

Read More
http://timesofindia.indiatimes.com/city/delhi/40-of-new-home-units-in-Noida-delayed/articleshow/32991377.cms

Saturday, March 29, 2014

DDA's Master Plan 2021 to check realty prices in Noida, Gurgaon

Hailing the 2021 Master Plan of Delhi Development Authority ( DDA) that envisage Land Pooling Scheme (LPS), the NCR developers have opined that it would help in checking the skyrocketing prices of housing units in Delhi as well as NCR. The industry insiders opined that these would be at least 15-20 percent cheaper as compared to the projected prices of the realty properties in next three to four years because it is aimed at hitting the demand-supply constraint both for developers and the end user.
Anshuman Magazine, CMD, CBRE, South Asia Private Limited said, "The Delhi Master Plan 2021 is arguably the largest real estate opportunity in terms of state assurance and demographic demand for urban growth and development in the country." He added, "The recently sanctioned Land Pooling Policy is perhaps the first of many such state initiatives. Such schemes will help in solving issues related to the availability of land for necessary real estate development and infrastructure formation for India's ever-increasing urban population-especially for the creation of urban green spaces, open public spaces and mass housing for EWS and low-income groups. There are as yet vast growth opportunities in the country's realty sector."

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Roti, Kapda & Makaan: What do home buyers want?

Union Budget, a yearly affair of Government of India, displays the outlines of yearly economic planning, which is among the most significant economic and financial event. It provides an estimate of expenditures and revenues. As the budget establishes the cost constraint for a program, project, or operation, the upcoming Union Budget 2014 is awaited by all sectors of the economy, including real estate. In India, buying a property is considered to be a milestone in terms of financial investments and home buyers keep a look out for the steps taken during the Budget to decide their next course of action. With the intention to gauge the expectations of home buyers from Union Budget 2014-15, Makaan.com, India’s fastest growing property site, conducted a research christened Roti, Kapda & Makaan 2014. The research was carried in the month of January & February 2014 among 1836 home buyers in the cities of Mumbai, Delhi NCR, Bangalore, Chennai, Hyderabad, Pune, Kolkata, Ahmedabad, Chandigarh, Indore and more.

Read More @

Realty sector may see improvement in 6 months

Realty sector may see improvement in 6 months

Even as the current sentiment remains sluggish, industry experts believe the real estate sector is likely to see some improvement in the next six months when property prices will also witness upward movement.

"As per the stakeholder survey, not just supply and demand for residential property, but price too is expected to witness an upward movement in the next six months," Knight Frank India Chief Economist and Director-Research Samantak Das said in New Delhi.

He was talking to reporters after releasing a report on 'Real estate sentiment index', jointly brought out by FICCI and Knight Frank India, a real estate consultancy.

However, if an analogy is drawn with the 2009 general election period, the determinants of housing demand are strikingly different this time around, Das said.

"Property prices have risen faster than the growth in household income or general inflation during this period. Interest rates are much higher. Lack of any meaningful improvement in determinants of housing demand, according to us, means the situation will remain the same."

A majority of respondents surveyed for the report were positive on economic front and expect an improvement in the next six months.

http://businesstoday.intoday.in/story/realty-sector-may-see-improvement-in-next-6-months-report/1/203353.html

Real Estate Industry in India

INDUSTRY CONTACTS

The Confederation of Real Estate Developers’ Associations of India (CREDAI)

Builders' Association of India (BAI)

Introduction

Real estate in India continues to be a favoured destination

globally for investors, developers and non-resident Indians

(NRIs), driven largely by investor-friendly government policies and

increasing globalisation. The second largest employment generation

sector after agriculture, real estate contributes about 6.3 per cent to

India's gross domestic product (GDP). The foreign direct investment

(FDI) in the sector is expe...

READ MORE >

Friday, March 28, 2014

Noida realty market sees high supply: JLL

The economy strikes back

Hyman Minsky, the noted American economist, linked an economy’s life cycle with speculative investment bubbles which are endogenous to it. He stated that during prosperous times when the economy booms, corporate cash flows rise higher than corporate debts, and this leads to speculative euphoria.

This euphoria continues to develop, allowing borrowers to borrow more until their income streams become inadequate to service their debts, creating a financial crisis. This speculative borrowing bubble then causes banks and financial institutions to reduce lending, which in turn causes a further contraction in the overall economy.

As summer sets in, the hapless people of the capital and the NCR will once again face water shortages and the tanker mafia. As is the norm, there will be heated debates on the crisis, but nothing concrete ever happens on the ground.

Water shortage is a major issue confronting the Delhi NCR and deserves the urgent attention of all the stakeholders, especially policy makers and the civic authorities.

निर्माण के दौरान भी चालू रहेगा आवगमन

Kvd Wind Park Noida Extension 2 bhk 995 sqft only Rs. 29 lac all inclusive for Gov. Employees only

About KVD

KV Developers (KVD), a 21st century visionary real estate developer, envisions creating high-end city projects offering unmatched lifestyles in NCR based on futuristic & innovative designs. Exemplifying its commitment to develop modern real estate masterpieces, KVD strives to ensure extra value and "MORE" amenities for each stakeholder. Besides strong business affiliations with ISO 9001:2008 certification, the environment-conscious KVD is a member of key industry bodies such as CREDAI, NAREDCO, BAI, ASSOCHAM & CII.

Specifications:

Entry/Exit
Mound with Sculptures
Guard Room
Tensile Structure
Clipped Hedges
Club
Commercial Zone
Seating Plaza
Water Cascade
Fragrance Garden
Central Lawn
Pathway/Jogging Trial
Paved Plaza
Private Greens
Yoga Lawn
Tot-Lot
Swimming Pool
Kid's Pool
Mound
Sculpture Plaza
Reflexology Garden
Aroma Garden
Butterfly Garden
Multi Courts
Skating Rink
Vehicular Road
Paring

Sunday, March 23, 2014

Office space demand to grow by 7% in 2014: DTZ

Office space absorption is likely to rise 7 per cent this year to 29 million sq ft in India's 7 major cities as corporates look at expanding businesses, says global real estate consultant DTZ.

Absorption was 27 million sq ft last year in the seven cities -- Delhi-NCR, Mumbai, Bengaluru, Chennai, Pune, Hyderabad and Kolkata.

In its report on India office Demand and Trends, DTZ also projected that office rentals would remain stable in most markets in the first half of 2014 and ..

Jaypee Group direct unit available in resale Call:8506094525

Jaypee Group is a well diversified infrastructure & industrial conglomerate with an annual turnover of over

20,000 Crore. Jaypee Greens is
the real estate arm of Jaypee Group and since its inception in the year 2000 has been creating lifestyle experiences from building Golf-centric
premium residences to building mega townships to building a self sustained mega city.
Jaypee Greens has been developing some of the finest integrated townships in the country; wherein everything is at ones disposal & at walking
distance; whether it is shopping, office, hospital, sports or a game of golf. Jaypee Greens offers Residential Projects at Noida,
Greater Noida & Agra.

Jaypee Group

Jaypee Group is well-diversified infrastructural and industrial group with turnover of over Rs. 15,000 crores.

Jaiprakash Associates Limited is the flagship company of the Group and an acknowledged leader in construction of river valley and hydropower projects. The company has been assigned “CR 1” grade by ICRA Ltd. indicating very strong contract execution capacity with best prospects of timely completion of projects without cost overruns, etc. The company has the unique distinction of simultaneously executing 3 hydropower projects spread over 7 states and Bhutan to generate 10,290 MW of power.
The Company has a cement production capacity of over 7 million tons per annum in and around Madhya Pradesh and is setting up large integrated cement plant n Himachal Pradesh.
Jaiprakash Hydropower Limited commissioned its 300 MW Baspa-III private hydro-Power plant n Himachal Pradesh in June 003.
Jaiprakash Power Ventures Ltd. is implementing 400 MW Vishnu Prayag Private hydroelectric Power project in Uttaranchal, scheduled for commissioning in 2006.
Jaypee Karcham Hydro Corporation Limited has commenced works on the 1,000 MW Karcham Wangto

Friday, March 21, 2014

ऐसे बढेगा मुनाफा

READ MORE http://epaper.jagran.com/epaper/22-mar-2014-241-edition-Noida-Page-1.html

Direct Unit available in Vardhman Vedic Suits

Vardhman Vedic Suites Greater Noida

After the grand success of Vedic Suites, Vardhman Group is coming with its new Studio apartments Vedic Suites -at Knowledge Park III Greater Noida. Vardhman Vedic Suites is a new upcoming residential cum commercial project that is coming up at a very superb locality of Greeter Noida. Being the first ever project to offer you all comforts at one place, this project is blessed with studio obtaining on the growing and changing expectations of people. Presenting the highest design standards, this project has a perfect blend of modern designs and unique features that enables an awesome cum trendy looks. Living here, people can just hop to work from their homes easily. Vardhman Vedic Suites Knowledge Park III Greater Noida has a very well connectivity to the major parts of the town.

Ravana in Noida: A book on Greater Noida

Greater Noida

Vandana Vasudevan’s book on Greater Noida talks about the rapid urbanisation, the ecological devastation, and the Ravana temple, among other fascinating subjects. An excerpt:

I had been passing by Bisrakh every day while travelling to work from Greater Noida to Noida and had often thought of stopping by there, but never managed to. Bisrakh is an important village of the region. It is strategically located at the crossroads of the two towns and in recent times is at the mouth of the real estate gold, that is Noida Extension.

Bisrakh is believed to be the birthplace of Ravana, the demon king of the Ramayana and the king of Lanka. Scholar, musician, writer of the astrological scripture Ravanasamhita, and finally abductor of Sita, he is believed to have spent his early years here in this dusty village at the entrance of which now stands a realtor’s billboard.

NOIDA: With the Noida Authority changing the building bylaws in its board meeting, landowners in the city will have to either construct on vacant plots within two years or sell them to someone else otherwise the property will be confiscated. Official sources said the move to amend the building bylaws is aimed at ridding Noida of encroached vacant plots. As per the amendment, owners will now have to build on 100% area of the allowed Floor Area Ratio (FAR) of plots instead of 50% that was allowed till now.

Officials said this rule applies only to the residential category of plots and on new as well as old allotments. "Currently, allottees are required to have minimum 50% construction of the FAR after which they are entitled to a completion certificate for the building. However, we have received frequent complaints from residents and officials that Noida has many vacant plots with minimal allowed construction lying in shambles for decades. Some of these are reportedly being misused by residents for unauthorized use. They could also be housing criminals," said Rama Raman, chairman and CEO, Noida.
Read More @ http://timesofindia.indiatimes.com/city/noida/Build-houses-on-plots-or-face-cancellation-of-allotment/articleshow/30309834.cms

India's realty sector remains favoured destination

Indian Real Estate

The Indian construction and real estate sector continues to be a favoured destination for global investors and businesses are optimistic about their prospects for this year, says a report.

Increasing migration to cities and urbanisation along with interest from buyers to invest in real estate market, will continue to be the prime demand drivers, according to assurance, tax and advisory firm Grant Thornton.

National Green Tribunal upholds order on reckless concretization

NOIDA: The National Green Tribunal on Thursday reinforced a 2001 UP government order to preserve rapidly declining levels of groundwater in Ghaziabad and to restrict reckless concretization of urban areas. The order, issued by the UP chief secretary in April, 2001, stipulates that no more than 5% of parks and green areas be covered with concrete or tiles.

The implementation orders were issued by the principal bench of the tribunal on a petition in which it has been alleged that large-scale tiling and concretization of urban landscape has restricted natural groundwater resources and is threatening urban biodiversity in the long run.
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Friday, March 14, 2014

Unit available in KVD WIND PARK

About KVD:

K V Developers has taken a big leap ahead to deliver state-of-the-art infrastructure for fine living with unchanged and enduring fundamentals of transparency, honesty, in-depth analysis, and most importantly, trustworthiness. In doing so, K V Developers have taken a stupendous initiative of making a futuristic housing in Tech Zone IV, Greater Noida (West). The Project would be coming up on a plot area of 20,000 sq. mt. approx 5 acres with around 6 towers, units varying from 2, 3 and 4 bedrooms with living, dining, kitchen and wide balconies.

For Query : 9555-501-501

Contact Us :http://exertrealtysolutions.com/

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!!!!!!HAPPY HOLI!!!!!!

May this festival of colors bring more cheerful color in your life.

Buying a plot of land? Read this first

Buying a plot of land and building a house on it is a dream for many of us. So, when Prabhat told his mother that he was buying a plot of land, she was proud of him, something she did not show when he invested in the flat.

Buying a plot of land has become a very tricky affair, especially when considering the blatant corruption surrounding the deals including creating fake documents, demand for half payment in cash and also issues of disputed land sales. So, if you are ready to buy a piece of land to build your first home, it is advisable to be very cautious and thorough.

Also, the steps and procedures are quite different from purchasing a flat and hence require a careful analysis before setting out on the path.

READ MORE

Housing rates fall by average 8 per cent in Delhi-NCR during 2013: report

Housing prices declined by an average 8 per cent in Delhi-NCR during 2013 compared with the previous year due to a slowdown in the real estate market amid economic and political uncertainties, according to a report by property portal 99acres.com.

"Delhi-NCR is one of the most sought after property destinations in India. However, the present economic and political uncertainty is getting reflected in capital prices in the region," said the report, which covers trends on property prices for the housing segment.

The quarter-on-quarter comparison shows a decline of 2 per cent in the fourth quarter of 2013 as compared to the previous quarter (July-September) of this year.

"Annual comparison (Q4-13 with Q4-12) however shows a decline of 8 per cent in 2013," the portal said in a statement.
READ MORE>>>>>

What 2014 holds for the real estate sector?

Having a focus on inflation control for a while, the Reserve Bank of India (RBI) is expected to push for economic growth. Also, with a stable government in place by the mid of 2014, the New Year should see a more robust economic environment. This will definitely help the real estate sector in reaching new milestones.

While the first half of 2014 is likely to remain sluggish or improve slightly from where it stands today, the latter part of the year should see the return of good times for the Indian real estate sector. Housing will continue to be the driver of real estate growth. Commercial real estate will pick up towards the second half of the year. There will be continuous focus on affordable housing, which will be the focus area for medium term and not just 2014.

New DDA chief eased land row

NOIDA: Balwinder Kumar, the IAS officer who steered the Noida Authority through the land acquisition crisis two years ago, has been appointed vice-chairman of Delhi Development Authority. Kumar will take the reins from D Diptivilasa. Before his appointment, Kumar was development commissioner with the Union textiles ministry.

A 1981-batch IAS officer from the Uttar Pradesh cadre, Kumar served two stints as chairman-cum-CEO of the Noida Authority in 2007 and 2011. The Mayawati-led BSP regime had sent Kumar to Noida in July 2011 when the land acquisition crisis was at its peak and agitations and legal cases lodged by farmers had plunged a slew of development and housing projects in the city into uncertainty. Kumar replaced Mohinder Singh, a close confidante of Mayawati, as the protests that erupted in Greater Noida began engulfing Noida as well.

Infrastructure projects to get a boost with Noida Authority’s Rs 8,000 crore budget

NOIDA: The Noida Authority, one of the richest civic bodies in the country, plans to draft a budget of Rs 8,000 crore for the financial year 2014-15 with various infrastructure projects, including the setting up of the Noida Metro Rail Corporation (NMRC).

According to the chairman of Noida, Greater Noida and Yamuna Expressway authorities, Rama Raman, of the total Rs 10,000 crore sanctioned last financial year, Rs 2,000 crore was for expansion of Metro links. “The amount remains untouched and will stay that way this financial year until the project takes off. The remaining Rs 8,000 crore will be used for infrastructure projects like flyovers, foot-overbridges, parking spaces,” Raman said. He claimed that the work on Noida-Greater Noida Metro link is likely to begin this year. “While the UP cabinet has approved the project, a nod from the Centre is pending,” he added.

The Metro link between Noida and Greater Noida is proposed along the Noida-Greater Noida Expressway. Links from City Center to Sector 62, Sector 71 and to Greater Noida (West) are other proposed Metro line expansions.

Greater Noida

GREATER NOIDA: Your dream to have a house of your own may soon become a reality. The Greater Noida Authority will launch an ‘affordable’ housing scheme this year on its foundation day on January 28. According to authority officials, 2,000 flats will be developed under the scheme in builders’ area and Sector Pi in Greater Noida. The authority will soon launch a commercial scheme too.

Elaborating on the Rs 150-crore scheme, a senior Greater Noida Authority official said, “Each 350 square-feet (super area) flat would cost Rs 7-8 lakh.”

“Land has been earmarked in builders’ area and Sector Pi, and we are working on further approvals needed for it. The launch date has not been finalized yet but we hope to launch it very soon,” said Harish Verma, additional chief executive officer, Greater Noida Authority.

Greater Noida: Builders and developers need not visit the Greater Noida Authority office to get their residential buildings’ layout plan sanctioned.

In a meeting held on Wednesday, the Authority cleared a proposal to introduce a system to pass layout plans online under its e-governance drive.

Speaking on the project, Greater Noida Authority additional chief executive officer H K Verma said, “I believe the e-sanction system will be implemented by February. Initially, we plan to provide this facility to residential buildings. Later, we will cover commercial, industrial and institutional buildings phase by phase,” Verma said.

Explaining the idea behind the project, Noida, Greater Noida and Yamuna Expressway Authorities chairman Rama Raman said this will reduce people’s interaction with babus and consequently curb corruption while increasing manpower and efficiency.

http://timesofindia.indiatimes.com/city/noida/House-layouts-to-get-online-approval-soon/articleshow/28865741.cms

Green light for industrial township in Gr Noida

Yamuna Expressway

The government on Monday approved an investment of over Rs 1,700 crore in creating trunk infrastructure such as roads,bus rapid transit system and telecom and IT infrastructure for an industrial township, in an attempt to leverage it to attract private investment of over Rs 33,000 crore near the town in Uttar Pradesh where development has slowed down with attention diverted to the Yamuna Expressway.

The proposed industrial township is part of an early bird project with a multi-modal hub also planned in Dadri, which part of the Delhi-Mumbai Industrial Corridor (DMIC).The township is proposed under the 2021 master plan and will be spread over close to 750 acre. The Greater Noida township was cleared by the cabinet committee on investment along with a similar facility near Ujjain in Madhya Pradesh, which will focus on auto,IT and IT-enabled services as well as a model solar power project in Neemrana, Rajasthan.

K V Group

KV Group, a leading producer of mint, has forayed into the real estate sector with its first housing project in Greater Noida and is expecting a sales realisation of Rs 300 crore over the next three years.

KV Aromatics Pvt Ltd is a manufacturer, exporter and supplier of mint products, natural essential oils, aroma fine chemicals, peppermint oil and herbal products. It posted a net sales of Rs 500 crore in the last fiscal.

“We have diversified into the real estate sector as part of long-term strategy. We are launching our first project in Greater Noida West. We will be developing 950 flats in this project,” KV Developers Director Aman Agarwal told reporters.