zameensantosh.blogr.com - metaTags

Content

Alliance Nirmaan Limited Launches ResidentialProject CITY ON...

Abode of gods and land of sages – that s what Uttrakhand is most famously revered as. The state is globally renowned for its adventure, valley of flowers, and crisp Himalayan air. Add to it the lure of religious tourism – the state is home to the Chardhams. The state government is taking all possible steps to promote the state as a religious & adventure tourism destination, with an eye on the industrial growth. The industrial belts and SEZs are being developed in and around Dehradun, Rudrapur, Haridwar, etc to encourage rapid and irreversible overall development of the state.

Rudrapur: A Star Industrial Hub

Rudrapur is a small and a beautiful city in the Udham Singh Nagar District in Uttrakhand and is known as “The Gateway to Kumaon Hills”. Rudrapur’s ascendance as a star industrial hub and a modern urban center has been prompted by economic, demographic and geographic factors, and the centre s tax holiday for industries is giving a boast to this development. These factors have combined in making Rudrapur one of the hottest real estate markets today.

Economic Incentives: -The rush in real estate developments is primarily the result of tax and economic incentives announced by the central and state governments to prompt industrial growth. The latest scramble has been triggered by the declaration of Rudrapur as a non-tariff area for central excise, custom and sales tax duties for a period of 10 years. This span may also be extended by the central government. This has prompted industry players to set up big plants here. And, numerous corporate houses have already gained a foothold here. Companies that begin production before a cut off date and are in the notified industrial areas were offered 100% excise exemption for 10 years, 100 % income tax exemption for the first 5 years and 30% for the following 5 years. They have been offered concessional central sales tax of 1% for 5 years and a capital investment subsidy of 15% with a cap of Rs. 30 lakh. The total expected employment generation would be around 44000 in SIDCUL alone.

This Uttrakhand town in the plains is emerging as one of the fastest growing industrial spots in the country with big Indian and Multinational companies of the likes of Nestle, Tata, Britannia, Dabur, Honda, Bajaj, Parle, Jindal, Mahindra & Mahindra and Voltas, to name a few, investing over Rs. 30000 crore. With around 400 companies expected to start operations in the next one-year alone, Rudrapur is poised to be the new industrial hub of India

For more info log on to http://www.zameen-zaidad.com/city-one-rudrapur.aspx

posted by zameensantosh on Nov 21, 2009 10:33 AM Permalink | 0 comments
Tags: commercial, estate, in, indian, india, space, real, buy, agents, delhi, gurgaon, loan, residence, noida, home, funds, office, property

0 ratings

PIYUSH GREENS LAUCHES RESIDENTIAL PROJECT IN RUDRAPUR

Peace tranquility store space in harmony with nature at the Piyush Group Housing Project, Rudrapur not far from the scenic lakes, Nainital.

Our Group Housing project , spread over an area of 6,50,000 sq. ft. on Rudrapur - Falsunga Road comprises over 520 apartments of 2 & 3 Bedroom in 5 Levels.

The project is located 3 kms from the main city in Kicha Road and is opposite to Radha Swami Project.

Salient Features:

Exotic landscaping and open area .

Swimming pool and health club .

Provision for visitors car parking .

Community Hall, Convenience Stores and ATM.

Building design for earth quake resistance .

Club House, Party Lawn, Entry Lake and Fountain.

Earthquake resistent building structure

Low rise apartments

Roll of piyush Group In Real Estate:

Piyush group has ventured into various facets of real Estate and construction. In the Indian real estate scenerio, Piyush Group is involved in development of Integrated Township, Group Housing Projects, Commercial Mall....

For More info log on to http://www.zameen-zaidad.com/piyush-greens-rudrapur.aspx

posted by zameensantosh on Nov 21, 2009 10:28 AM Permalink | 0 comments
Tags: home, office, india, delhi, property, commercial, agents, estate, loan, residence, in, gurgaon, indian, noida, funds, space, buy, real

0 ratings

SUPERTECH LTD LAUNCHES NEW RESIDENTIAL

Project Name Supertech Green Village

Name of Builder Supertech Ltd.

Project Type Residential Apartment

Price As below

Location NH-58, Hapur-Buy-Pass, Meerut

Agent Shri Aditya Estates 42470622, 9810445860

Supertech “Green Village” Residency……….Lifestyle Redefined From concept to creation, Supertech Green Village Residency shall be a towering example of intense innovation, astute planning and extra-ordinary implementation. MEERUT, the fastest growing City in Northern India, has been also been adjudged as the best investment location in the NCR region. We are delighted to announce the upcoming of our latest high profile SUPERTECH Green Village Residency here.

These richly endowed luxury apartments will indeed be a unique style statement in itself. With unique features like – The Tallest Towers having G+11 stories in 1st phase, with total land area 25 acres, 7 star Club house, green area-50%, all within the complex We are delighted to announce the upcoming of our latest high profile SUPERTECH Green Village Residency here. These richly endowed luxury apartments will indeed be a unique style statement in itself. With unique features like – The Tallest Towers having G+11 stories in 1st phase, with total land area 25 acres, 7 star Club house, green area-50%, all within the complex. Supertech Green Village Residency will surely revolutionize the living standard of the selected few.

Note: -
1. All cheques/ demand drafts will be in favour of “Supertech Limited” payable at Delhi...
2. First transfer will be free for first six months.
3. The above mentioned rates are applicable for first 100 bookings

More Information at:- http://www.zameen-zaidad.com

http://www.propertycafeteria.com/main.aspx

posted by zameensantosh on Nov 17, 2009 10:08 AM Permalink | 0 comments
Tags: office, it, mumbai, residential, buy, shop, estate, ncr, agents, commercial, chennai, pune, property, flats, delhi, apartments, chandigarh, hyderabad, house, kolkata, dealers, noida, rent, lease, bangalore, home, sell, complex, india, gurgaon, real, villas, brokers, penthouses, industrial, plots, space, &amp, online, corporate, land, duplex, estate., retail, indian, mall, park, in, funds

0 ratings

ANSAL PROPERTIES

Project Name The Europa Residency Name of Builder ANSAL PROPERTIES &
INFRASTRUCTURE LTD. Project Type Residential Apartment Price As Below Location Sushant City, Panipat Agent Shri Aditya Estates
42470622, 9810445860

NOTE: Ø Cheque/Draft to be issued in favour of ANSAL PROPERTIES & INFRASTRUCTURE LTD., payable at Panipat only. Ø Prices are subject to change and the price ruling on the date of booking and acceptance by the company shall be applicable. Ø In addition to the basic price mentioned above, One Covered Car Parking space @ Rs.60, 000/-less inaugural discount of Rs 10,000/- or Rs.35, 000/- less inaugural discount of Rs 10,000/-for one open car parking is mandatory. Ø Timely payment of installment is the essence of agreement. Ø Other terms and conditions of sale would be as per the standard Allotment Letter / Agreement of the company. Ø E.C.C., F.F.C and all other allied charges if applicable will be extra. Ø E.D.C& I.D.C @ Rs165/- Psf is extra. Any further revision in EDC or any Govt. charges / levies will be charged extra Ø The registration charges, miscellaneous charges are in addition to the aforesaid price. (Payable at the time of offer of possession) Ø Down payment rebate @ 12% shall be applicable on 90% amount payable towards basic Sale Price. Ø Preferential Location Charges (PLC) will be extra @ 4% of basic sale price applicable on Ground Floor and 2% of basic sale price on First Floor.

A. Down Payment Plan with 12% Discount

At the time of Allotment 5% Within 45 days from the date of Allotment 90 % Less down payment discount 12% At the time of offer of possession 5%

CONSTRUCTION LINKED INTEREST FREE INSTALLMENT PLAN

At the time of Allotment 5% Within 60 days from the date of Allotment 5% Within 120 days from the date of Allotment 5% Within 180 days from the date of Allotment 5% On Start of Excavation of Tower in which unit is booked 10% On Start of Ground Floor Roof Slab of Tower in which unit is booked 10% On Start of Second Floor Roof Slab of Tower in which unit is booked 10% On Start of Third Floor Roof Slab of Tower in which unit is booked 7.5% On Start of Top Floor Roof Slab of Tower in which unit is booked 7.5% On completion of Super structure frame work 7.5% On completion of brick work 7.5% On completion of flooring & Tiles 7.5% On completion of Internal Plumbing & Wiring work 7.5% At the time of offer of Possession 5%

Payment Schedule of F.F.C/E.C.C/E.D.C/I.D.C @165 per SQ FT

Within 1 Month From the date of excavation 12.50% Within 3 Month From the date of excavation 12.50% Within 5 Month From the date of excavation 12.50% Within 7 Month From the date of excavation 12.50% Within 9 Month From the date of excavation 12.50% Within 11Month From the date of excavation 12.50% Within 13 Month From the date of excavation 12.50% Within 15 Month From the date of excavation 12.50%

More Information at:- http://www.zameen-zaidad.com http://www.propertycafeteria.com/main.aspx

posted by zameensantosh on Nov 17, 2009 10:05 AM Permalink | 0 comments
Tags: brokers, agents, dealers, home, residential, house, lease, flats, property, office, apartments, estate, shop, commercial, delhi, rent, mumbai, india, sell, bangalore, buy, complex, villas, ncr, real, duplex, pune, plots, online, land, &amp, corporate, park, noida, retail, chandigarh, penthouses, industrial, indian, gurgaon, estate., it, mall, space, funds, hyderabad, chennai, in, kolkata

0 ratings

REALTY DEMAND ON RISE

In what could be an indicator of realty sector reviving and demand for residential and commercial real estate bouncing back, over 10,000 potential buyers visited the three-day ET Realty Expo held at Pragati Maidan last week. The biggest catch for the visitors was not just wide option of residential properties, farm houses, plots, office complexes and commercial spaces offered by 42 reputed developers but also the participation of bankers, under one roof.

Inaugurating the expo, Sheikh Danish Ahmed, CMD of Land Asia Infrastructure Ltd said, ‘‘such events sensitise buyers and make them aware of how to go for the perfect choice. Customers have become more educated, but there is a dire need of greater awareness among them. Developers need to be more transparent while dealing with buyers and ensure timely completion of projects. Ahmed added that competitive pricing of the properties combined with quality amenities would largely influence buyers. He said with the new marketing dynamics, the industry is already in the revival mode. LA Infrastructure has launched its flagship Land Asia project, a spa city in Dehradun.

‘‘Property prices are not falling further. As the economy revives, the realty industry will also bounce back. The worst is over,” he said.

Some of the major developers participating in the ET Realty Expo held in association with Times Property were Land Asia Infrastructure, Jaypee Greens, Parsavnath group, Asiana Housing, Purvanchal developers, Unitech, Hero group and SVP group. Two bankers — LIC Housing Finance and SBI also participated in the expo.

Courtesy:- Times Property dt:- 07-11-09

posted by zameensantosh on Nov 7, 2009 11:16 AM Permalink | 1 comment
Tags: shop, park, hyderabad, gurgaon, plots, funds, apartments, in, dealers, it, corporate, pune, buy, online, chandigarh, commercial, flats, complex, estate., residential, mall, industrial, delhi, mumbai, chennai, rent, kolkata, house, ncr, indian, retail, duplex, agents, noida, land, real, villas, sell, space, home, bangalore, penthouses, lease, brokers, &amp, estate, property, office, india

0 ratings

CHECKS AND BALANCES

A single regulatory body to monitor all the stakeholders of the real estate sector is a must to bring in transparency and professionalism of global standards, says Archana Sinha

To bring the Indian property industry on par with the global real estate sector, the Indian parliament is gearing up to pass the much talked about real estate regulatory bill in the winter session. The industry is keenly watching out for this one as the first draft was found to be faulty and rather lopsided, excluding the government bodies from its purview.

So while the experts feel that it is time to have a single-point regulatory body on the lines of SEBI or TRAI, which would prove beneficial in the long run to the endusers and developers, there is also a cry for bringing total objectivity and professionalism in the workings of the body, to truly achieve its goal. Developers also point out the dangers of over-regulation in an industry that already faces several stumbling blocks.

The bill seeks to grant approvals to projects on certain parameters and also expedite all the approval processes mandatory for projects to take off. It is expected to help improve transparency in the sector by rating developers on their financial strength in terms of turnover, liquidity and profitability, scale of operations, intellectual expertise based on the qualification and experience of the management team, and past performance.

According to Ashutosh Limaye, associate director (Strategic Consulting), Jones Lang LaSalle Meghraj, “The stock market has SEBI to provide guidelines, define conduct and processes, provide a redressal system for both buyers and sellers and install necessary consistency and standardisation. The proposed real estate regulatory body intends to do the same for the Indian property market, which currently presents a rather under-organized picture.”

Deepak Parekh, chairman of HDFC, had expressed the urgent need for a real estate regulatory body, which should play the role of a monitor for promoting and overseeing real estate reforms, ensuring transparency in sales and protecting buyers from a fraudulent case, if any.

Parekh recommended that the state housing boards should also be brought within the ambit so that there is complete transparency in its working mechanism, the checks and balances are well achieved from every quarter.

The developers have welcomed the move too, but not in its current draft form. Kumar Gera, chairman of CREDAI, India, says, “The intention is good but a lot of thought needs to go into formulating the role of the body, otherwise the effect can be counter-productive. Two main intentions are stated in the preamble: protection of consumers’ interest and speeding up the clearances to facilitate the smooth development of real estate. There are enough provisions to achieve the first objective, but I haven’t seen anything regarding the second. It needs inclusion of processes. In the present form it is likely to create more processes and hence obstacles. The Urban Land Ceiling act was also formulated with a noble intention, but the outcome was disastrous.”

R Vasudevan, MD of Vascon Developers, has a similar view: “I think the intention is very good if followed in its spirit with modification to include the process of speeding up approvals. It will revamp a sluggish and a beleaguered system.

In fact, no reputed developer would want a short cut to achieve his end, as his intention would be to become a long-term player. It is not in his interest to delay projects and offer bad products, as it will tarnish his image and his brand. Hence this is welcome but only if it fulfills its intent.”

Sunny Bijlani, director, Supreme Universal, which has projects in Pune and Mumbai, says, “It is fine with us to have a regulatory body, which helps bring in transparency to the customers. We are more than happy.

But they have to bring more changes in the rating system to actually do proper justice to the customers, by doing a complete financial analysis of the developers, and not just by collecting some data. Secondly, it should be a single point for all clearances and NOCs so that the project starts on time. Most delays are caused by non-availability of clearances from the government authorities.”

Real estate is a major contributor to GDP growth and employment generation. The minister of urban development acknowledges this fact and feels that a single regulatory body at the state level is most needed, for faster approvals, besides faster delivery of projects, accountability of the project developers, professionalism and finally loan acquisition to make affordable housing a reality.

Courtesy:- Times Property dt:- 07-11-09

posted by zameensantosh on Nov 7, 2009 11:03 AM Permalink | 0 comments
Tags: india, hyderabad, buy, shop, mumbai, office, real, corporate, dealers, flats, lease, mall, house, bangalore, kolkata, penthouses, commercial, rent, chennai, noida, pune, apartments, agents, sell, residential, gurgaon, duplex, property, villas, brokers, home, park, delhi, it, estate, chandigarh, complex, industrial, ncr, indian, plots, funds, online, estate., in, land, retail, &amp, space

0 ratings

Emaar MGF Launches 3/4 BHK Apartments & Villas

Project Name	Palm Drive
Name of Builder	Emaar MGF
Project Type	<a href=”http://www.propertycafeteria.com/palm-drive-gurgaon.aspx”>3/4 BHK Apartments & Villas</a>
Price (approx.)	Rs. 87,00,000/- to rs. 4,00,00,000/-
Location	Sohna Link Road, Gurgaon
Agent	Shri Aditya Estates
	47082736, 9810445860

Emaar MGF presents Palm Drive , a community spread across 37.8 acres of land, designed for contemporary living in green sanctuary settings of Gurgaon, one of the commercial hubs of the National Capital Region. Prime Drive offers its buyer with sufficient options to choose between the convenience of stylish premium apartment living, or the opulence and freedom of a beautiful spacious villa and sky terraces. The Premium Terraces and The Sky Terraces are G +18 high rise towers with <a href=”http://www.propertycafeteria.com/main.aspx”>3 & 4 BHK premium apartments.</a>

The highlight of the premium terrace towers will be the spectacular four and five bedroom penthouses, which will provide breathtaking views from their landscaped balconies over greens and beyond. The Villas with four or five bedrooms will have generous interiors with high-ceilings and give a liberating impression of spaciousness. Each villa will feature landscaped balconies, roof gardens and pocket gardens, which embellish the exterior with an attractive natural look.

International standard specifications and a wide range of amenities like <a href=”http://www.propertycafeteria.com/investment-portfolio.aspx”>club house, Golf Course, swimming pool,</a> world class gymnasium, tennis court, Jacuzzi, Multi-Purpose Function Hall, Home Theatre Room etc.

posted by zameensantosh on Nov 3, 2009 10:56 AM Permalink | 0 comments
Tags: funds, in, agents, estate., home, land, gurgaon, rent, bangalore, chandigarh, real, hyderabad, delhi, noida, buy, ncr, industrial, plots, house, sell, online, apartments, duplex, complex, penthouses, it, dealers, retail, corporate, india, lease, office, indian, flats, park, pune, property, &amp, mall, villas, brokers, mumbai, chennai, space, shop, estate, residential, kolkata, commercial

0 ratings

DLF Limited Launches DLF

Project Name	DLF - Park Place
Name of Builder	DLF Limited
Project Type	3/4 Bedroom Apartments
Price (approx.)	RS. 1,26,56,250/- TO RS. 1,72,12,500/-
Location	Phase - V, DLF Golf link, Gurgaon
Agent	Shri Aditya Estates
	47082736, 9810445860

Set amidst the serene green environs of DLF City, Gurgaon, in close proximity to the DLF Golf Links, DLF group presents their new project 'Park Place'. Offering a choice of 3 and 4 BHK, fully air-conditioned, well appointed apartments, individual units in Park Place comes equipped with fully fitted modular kitchens.

Designed by the best architect in the country Hafeez Contractor, airy and well ventilated flats in an open layout plan is a fine example of the compact design theory. Each apartment is positioned in a manner which guarantees privacy. Most apartments have a view of the structured landscaping below, lush green landscaped courts & lawns embraces nature from all sides. Park Place is a secured gated community with great aesthetic set up.

Located on a prime piece of property with high appreciation rate and good rental return; one of the unique features of this project is, it has a loading of approximately 18% which means it offers same area of land at comparatively lower prices. This makes Park Place a highly sensible and profitable investment option for both home buyers and property investors.

posted by zameensantosh on Nov 3, 2009 10:39 AM Permalink | 0 comments
Tags: property, real, rent, buy, estate, sell, india, it, flats, commercial, dealers, park, chennai, residential, space, house, noida, apartments, office, indian, duplex, hyderabad, ncr, industrial, &amp, in, corporate, pune, retail, online, complex, bangalore, delhi, agents, chandigarh, penthouses, gurgaon, funds, estate., plots, lease, mumbai, brokers, land, villas, mall, kolkata, shop, home

0 ratings

DEWAN HOUSING NET UP 70% AT RS 37.5 CRORE

MUMBAI-BASED Dewan Housing Finance Corporation Limited (DHFL) has recorded a 70% growth in net profit to Rs 37.51 crore in the September quarter after posting a 53 % rise in total income to Rs 246.12 crore.

DHFL chairman Kapil Wadhwan attributed the growth to the company’s strong credit appraisal skills which reduce instances of NPAs. “Over the last seven years, we have been consistently growing at 33% CAGR, in terms of our home loan disbursements. We are hopeful of continuing the growth momentum in this fiscal and maintaining a robust 35-40% growth for the next couple of years.” DHFL posted a 93.76 % growth in loan sanctions to Rs 1180.67 crore.

The company’s net profit for the corresponding quarter in 2008 was Rs 22.07 crore in the unaudited results for the second quarter announced on Tuesday. During the July-September quarter, DHFL raised Rs 300 crore through share sale to investors and promoters. It also raised Rs 225 crore through private placement of long-term debentures to institutions and banks. In a statement, the company said, the funds are being utilised to augment long term resources, enhance and strengthen the company’s equity base and for meeting the general business requirements.

Courtesy:- ET dt:- 28-10-2009

posted by zameensantosh on Oct 30, 2009 10:49 AM Permalink | 0 comments
Tags: delhi, apartments, chandigarh, it, retail, ncr, indian, office, plots, lease, commercial, shop, pune, flats, estate., gurgaon, funds, house, space, bangalore, brokers, villas, property, real, estate, industrial, kolkata, india, online, &amp, duplex, noida, rent, park, mumbai, dealers, complex, corporate, sell, land, agents, chennai, penthouses, buy, hyderabad, mall, in, residential, home

0 ratings

DDA ALLOTTEES, TIME TO PLAN HOUSEWARMING

The C-DAC report does not indicate any connivance... by any DDA serving officers or those connected with the draw.

Eleven months after they won flats under Delhi Development Authority's (DDA) housing scheme, the more than 5,000 allottees can look forward to becoming owners and occupants.

DDA will start allotting flats -- the draw for which was held on December 16 last year -from the second week of November.

Allotment of the flats was put on hold in January this year following allegations of irregularities in the draw.

The decision to begin allotment was made on Thursday after the Economic Offences Wing (EOW) of Delhi Police declared the draw was not rigged.

The EOW had sent the software report of the draw to Thiruvananthapuram-based Centre for Development of Advanced Computing (C-DAC) for investigation.

The EOW, in its report submitted to Delhi Lieutenant Governor Tejender Khanna on Tuesday said, "The C-DAC report does not indicate any connivance or favoritism by any DDA serving officers or those connected with the draw. C-DAC could not find any evidence that the software had any vulnerability to be compromised nor could they detect any evidence of external tampering."

Asma Manzar, DDA Housing Commissioner, said the report had come as a great relief.

"We will start giving possession of flats to successful allottees from November."

The successful allottees welcomed the development. "Finally our wait is over. I have been paying a hefty interest on the Rs 1 lac loan that I took from a private bank to pay the registration money," said Naresh Taneja who was allotted an LIG flat in Rohini.

Allotment of flats under the 2008 Housing Scheme was put on hold by the Union Urban Development Ministry in January after allegations were leveled against DDA that a cartel of builders had forged documents and availed of loans from banks to get flats under the reserved category. Soon after this, EOW was handed over the case for investigation.

Courtesy:- HT dt:- 30-10-2009

posted by zameensantosh on Oct 30, 2009 10:10 AM Permalink | 0 comments
Tags: buy, estate, rent, india, property, real, sell, park, flats, apartments, commercial, pune, in, office, funds, land, dealers, estate., indian, duplex, house, brokers, mall, noida, online, complex, chennai, gurgaon, &amp, it, residential, plots, lease, bangalore, villas, hyderabad, retail, shop, penthouses, mumbai, kolkata, corporate, space, delhi, chandigarh, industrial, agents, home, ncr

0 ratings

Higher sales in real estate sector

While real estate demand as of now seems to buoyant in the residential space and is likely to gather momentum, is it significant? Says Sanjay Dutt, CEO, Business Jones Lang LaSalle Meghraj, a realty consulting firm, “The slowdown hit the property market shortly after the Navratri-Diwaly season in 2008 after registering the usual 30-35 per cent upsurge in real estate project sales typical of the period. Real estate projects Sales increased 25-30 per cent this time around and is significant as this is the first upsurge in demand after a prolong downturn.” Driving home the point, Ramnath cites the sales of DLF and Unitech, India’s largest listed realty companies, during the current financial year. “ Unitech has launched about 17 million square feet (mnsqft) worth of properties across the country selling over 40 per cent of that real estate project. Incrementally, Unitech has launched about 6 mnsqft of affordable housing properties selling about 1 mnsqft of properties till date. DLF too has sold a total of about 4 mnsqft of properties till date. These events indicate an uptick in volumes in the real estate sector.”

More Information of: - http://www.propertycafeteria.com and

http://www.zameen-zaidad.com

posted by zameensantosh on Oct 28, 2009 10:42 AM Permalink | 0 comments
Tags: buy, india, property, real, residential, agents, flats, commercial, estate, sell, dealers, apartments, rent, brokers, indian, villas, space, house, lease, bangalore, duplex, funds, &amp, home, noida, land, it, chennai, gurgaon, ncr, chandigarh, park, online, delhi, shop, corporate, hyderabad, plots, estate., complex, kolkata, retail, office, penthouses, industrial, pune, mall, in, mumbai

0 ratings

WILL IT LAST FREEZE OF THE MARKET?

While there are visible signs of a recovery in the real estate market, property price hikes by developers and any increase in interest rates could halt this momentum

The realty sector; which was the worst affected by the downturn last year, seems to be exhibiting early signs of a real estate market recovery. Real estate Price cuts on projects over the last six months and healthy pre-project sales during the festive season seems to suggest that property projects demand, which had all but disappeared in the third and fourth quarter of 2008-09, seems to be trickling back. Real estate Developers are tweaking their real estate business model by launching smaller apartment sizes and playing the volume game to keep property prices low and create property buyers interest. What was helped matters, believes Ramnath S, director; Research, IDFC-SSKI, are factors such as job security and affordability, which are gradually improving, and a lot of companies likely to revise salaries upwards as against a freeze last year. The benign interest rate environment has also helped. Ramnath believes that pay commission hikes will also increase disposable income of government employees.

More Information of: - http://www.propertycafeteria.com and

http://www.zameen-zaidad.com

posted by zameensantosh on Oct 28, 2009 9:55 AM Permalink | 0 comments
Tags: estate., penthouses, complex, mall, residential, property, kolkata, ncr, funds, space, house, brokers, bangalore, rent, sell, shop, estate, agents, villas, it, corporate, flats, chennai, indian, hyderabad, mumbai, chandigarh, park, &amp, buy, in, plots, gurgaon, industrial, apartments, dealers, india, land, home, office, online, retail, duplex, commercial, real, pune, noida, delhi, lease

0 ratings

STORM IN THE MARKET OR A TEACUP?

Nobody can say with final authority as to what type of realty project or projects will make a dent in the market, says Vivek Shukla

Day: Sunday. Place: Greater Noida Expressway. Time: 2pm. On the way from Delhi to Greater Noida on any Saturday or Sunday, you would find tents of realtors. Staffers of realty companies sit inside these makeshift tents, and there is a huge a stretch of land behind the tents. Naturally, the staffers of realty firms wait for their prospective customers.

However, what strikes any passerby is that in most such tents, either there is nobody or only a few people enquiring about the details of the projects. Given the fact that realty market is reviving after realtors slashed the cost of flats, floors and plots, the above scene looks a little confusing. The pertinent question that arises is whether customers are avoiding projects where construction work has not started at all. The jury is still out on this issue, but some experts on realty matters admit that unlike in the past the new-age customer is very smart and he/she ensures that their investment does not create headache for him/her later. Hence, they thoroughly check the background of realty firms before taking the final call. They even inspect past projects of builders, whose current projects are of interest to them.

If there is even an iota of truth in the argument that prospective customers prefer to book their house in only ongoing projects, where they can see some flurry of activity, then DLF’s Capital Green project in Phase-II is an exception. Booking for the project was commenced on September 22 and on the very first day, over three thousand people made their bookings with earnest money — and for 1250 flats on offer, bookings were three times the figure. This is enough to prove that realty market is improving, even if it is not on fire.

However, Sunil Jindal, CEO of SVP group, has a different take on this matter. “I can tell you from my own experience that more often than not, customers invest in those properties where they find some kind of activity. If they see that work is on, then they invest. I have observed this tendency among customers in our many projects. Let alone the projects of big-time realty firms, selling flat, floor or plot on barren land is not at all an easy task. Selling dream is not possible nowadays as media has exposed the handiwork of a large number of realty firms in cornering huge sums from people after promising the moon,” Jindal says.

R K Arora, CMD of Supertech Limited, takes a different line and says that it is not right to say customers prefer to book their dream houses only when they see some kind of construction work in progress. “If that is the case then all the realty firms will start their projects and easily sell their products. However, the world of realty does not work that way. Fact of the matter is, nobody knows which project can kick up a storm in the market and which one will fall flat.”

Meanwhile, Anu Gupta, director of realty advisory Century 21, says it is a huge task to read the mindset of any particular customer. Of course, some prefer to book their houses where construction work is on. That gives them a huge a sense of confidence. However, the image of some realty firms too counts. “It goes without saying that the image of realty firms like Unitech, Hiranandani, Jaypee, DLF and others have stood the test of time owing to many years of their solid work. Naturally, a large number of discerning customers consider this fact also. Hence, when such companies launch their projects, people go and book their flats and floors there,” Gupta says. Sharing his views, Rajeev Rai, vicepresident of Assotech, says the relationship shared between customers and an established brand is very important as no buyer is willing to compromise on the functionality and quality of the real estate product.

“In the light of this fact I can say the brand value of the developer affects the buying decision of customers. The popularity of a brand results in optimum sales and increased consumer awareness, which is independent of the construction status of that project.” East Delhi based businessman Sandeep Wahal belongs to that category of customers who have booked flats in that builder’s project who promised construction-linked payment plan. That is why he decided to book a flat constructed by a fairly well-known company in Gurgaon. At the end of the day, one thing is absolutely clear that nobody can say with final authority as to what type of realty project or projects will make a dent in the market.

Courtesy:- TOI dt:- 17-10-09

posted by zameensantosh on Oct 23, 2009 12:11 PM Permalink | 0 comments
Tags: house, agents, duplex, residential, indian, ncr, buy, industrial, office, apartments, noida, flats, chandigarh, kolkata, india, brokers, corporate, villas, pune, online, real, land, mumbai, estate, space, delhi, property, sell, bangalore, mall, chennai, lease, in, park, complex, shop, gurgaon, rent, dealers, penthouses, it, estate., hyderabad, commercial, home, funds, plots, retail, &amp

0 ratings

STILL WITHIN REACH

It is perhaps the best time for a value purchase in real estate with developers going big on affordable home launches. Buyers seeking a steal deal must go home shopping now, says Shri Ram Shaw

Jaago, yeh hi right time, scream property exhibition advertisements in newspapers. So what if residential real estate prices are going up, a majority of the middle class that aspires to own a home is still taking the plunge. The reason being that homes are still affordable, and also thanks due to availability of funds and rising trust in the borrower. SBI, Deutsche Post Bank, ING Vysya Bank and P&SB are funding up to 80-85% of property value.

It is perhaps the best time to look around for a value purchase in real estate. With lower price points in locations that were not earlier within the affordable range, buyers are scouting for good ‘value’ bargains at this time. And with developers going big on affordable home launches, the timing may just be one of the best for buyers seeking a steal deal. The scene has improved with the Reserve Bank of India cutting lending rates to record lows and pumping in unprecedented amount of money into the system.

According to Anoop Pabby, joint managing director of Deutsche Post Bank (home finance), “The economy has improved and the liquidity situation is much better and interest rates have eased off considerably. It is only natural then that home buyers expect the reduced risks to result in reduction in interest rates and relaxation of margin money norms.”

The housing finance company is now funding up to 80% of the property value to most salaried people, and 85% in a few cases, depending on the creditworthiness of the borrower. This is more than the 70% it used to lend a few months back.

According to Anshuman Magazine, CMD of global real estate consultancy CB Richards Ellis (CBRE), value buying is happening mostly in suburban locations, as that is where the current supply is. “Certain pockets in Gurgaon and Noida, where the price used to be Rs 65 lakh to Rs 1.5 crore earlier, have deals to offer anywhere between Rs 35 lakh to Rs 50 lakh today! Developers have reduced the total ticket sizes, adjusted area, price and given amenities. This has got people back and is making them lust for value deals right now.”

According to Navin M Raheja, chairman and managing director of Raheja Developers, “Locations such as Gurgaon, Faridabad, Noida in Delhi NCR are some of the good locations for value buying. Anything that is available between Rs 2,500 to Rs 3,000 per sq ft is the right price depending, of course, upon the location and infrastructural facilities available in the vicinity with specifications offered.

“There are three kinds of value buying that are taking place in the real estate market right now. Ready to move in residential property in and around metros and their suburbs, ready to move in commercial property which is already leased, or generating income and low income and middle income housing ranging from Rs 15 lakh to Rs 40 lakh are the primary types of value purchases,” Raheja adds.

On the other hand, lenders such as ING Vysya Bank, and Punjab & Sind Bank have reduced the margin money requirement to 15-20% from 25-30% towards the cost of the home on their home loans, as they try to tap potential homebuyers. This leads to a borrower investing lesser capital than before. So on a home loan of Rs 25 lakh, a customer would need to pay only Rs 2.75 lakh against Rs 6.25 lakh demanded earlier, where the margin norm is relaxed to 15% from 25%. State Bank of India, which has cut the margin requirement to 20% from 25%, may reduce it by a further 5%.

G S Vedi, the newly appointed chairman and managing director of Punjab and Sind Bank, said, “Interest rates are likely to harden over the next six months with the credit offtake improving and inflation moving into the positive territory. This is the best time for a potential buyer to go home shopping.”

Many of those who were holding out have also decided to make a purchase now as prices have bottomed out. Plus, with many affordable housing launches by developers, the view is that prices are now pocket-friendly at this time. “Prices have reached the bottom and in these prices you are bound to get good appreciation in future. So, if you are buying a particular property now, one is definitely going to feel later that they grabbed a good deal,” said Vijay Jindal, CMD, SVP Group.

But it is best not to overlook the pros and cons before deciding on such value buys. Though the pricing and the product may both look highly appealing, it is best to read the fineprint carefully. This will hold in good stead for the future. As far as dos are concerned, one must set their benchmarks on the price, location, size etc, so if you have been thinking of investing your money in a home, it’s the right time to go deal hunting.

Affordable houses to provide Rs 5,00,000 crore biz opportunity: The affordable housing segment will offer business opportunities worth over Rs 5,00,000 crore as India requires more than ten million houses to be built by 2013-14. According to a report prepared by property consultant Knight Frank on Public-Private-Partnership model on housing in India, an estimated 11.84 million dwelling units are required to be built in India by the end of 2013-14 across all income segments in 37 cities.

The need from the economically weaker section (EWS), lower income group (LIG) and lower mid-income group (MIG) is nearly 90% of the total housing requirement, the report says. “The cumulative task of delivering over 10 million units in affordable housing category in top 37 cities of the country quantifies to a business opportunity in excess of Rs 5,00,000 crore,” the report, prepared for realty body NAREDCO, said.

Commenting on the potential of the segment, the report said though the margins realized from affordable homes are comparatively lesser, the segment offers an opportunity to exploit volume of transactions to derive higher profits. The consultant pointed out that government alone would not be able to meet the pan-India housing requirement, “thus venturing into a joint model with the government can be a practical solution”. The synergies could be utilized towards achieving the central government’s objective of ‘housing for all’ and making India a slum-free nation, the report said.

Courtesy:- TOI dt:- 17-10-09

posted by zameensantosh on Oct 23, 2009 12:03 PM Permalink | 0 comments
Tags: penthouses, flats, chandigarh, shop, sell, mumbai, mall, agents, villas, bangalore, kolkata, home, ncr, gurgaon, buy, brokers, land, complex, residential, property, apartments, estate, noida, delhi, hyderabad, dealers, office, space, house, commercial, india, duplex, rent, lease, industrial, pune, park, chennai, corporate, real, it, in

0 ratings

SUNSHINE BEAUTYIN HYDERABAD

Splendid Aparna Palm Meadows on outskirts of Hyderabad are AP’s first solar ready homes

This festive season, Splendid Aparna Palm Meadows, a high-end residential project on the outskirts of Hyderabad, is offering a 10% discount on the listed price to its customers for its 100 odd villas. The real estate project, which will be ready for occupation by early next year, has 330 villas in all and is spread across 95 acres.

The gated community, abutting NH 7, has an exclusive club house, swimming pools, gymnasiums, verdant parks and playgrounds, which give it an edge over other residential real estate projects in the same space. Each real estate villa, typically sized between 3,500 and 4,500 square feet, is constructed in Spanish style and is completely automated.

The Rs 500-cr project has also received an environmental clearance from the Union ministry of environment and forests. Splendid Aparna Palm is a 60:40 joint venture between the Splendid Group and Aparna Group. The company claims the real estate project will be the single largest layout in the twin cities.

“The real estate project is set to become a leading project one in South India. We have received around 750 enquiries for the remaining real estate villas. What works best for the customers is the connectivity with the central business area and other social amenities,” said DS Prasad, director of Aparna Constructions.

Each villa in the real estate project costs around Rs 1.8 cr to Rs 3.4 cr.

“Though the rates are above the prevailing rates for new commercial and residential projects, they are worth looking at, given the fact that the possession is immediate,” said George Johnson, city head- Jones Lang La Salle Meghraj.

Real estate Palm Meadows has modern amenities such as fingerprint access doors, acoustic solutions from Bose Corporation and home automation system among others. Another additional feature is an integrated solution for community-based information services to report problems on maintenance issues, access to common facilities and also provides real time billing.

The property villas, which are to be Andhra Pradesh’s first solar ready homes, have facilities for rain harvesting and smart micro-grid for reduction in transmission losses, it is claimed. The real estate project is about 3 km from the outer ring road and 30 km from the new international airport. Educational institutes such as DRS International School, Siva Sivani Public School, Loyola Academy and a host of engineering colleges are in the vicinity of the real estae project. Also, entertainment hubs like Dhola-ri-Dhani, Runway-9 and a multiplex amd commercial complex are easily accessible.

“The resident owners are a mixed bag of professionals featuring industrialists, retailers, traders, defence personnel and others,” said Prasad.

Courtesy:- ET dt:- 19-10-09

posted by zameensantosh on Oct 21, 2009 1:32 PM Permalink | 0 comments
Tags: property, real, estate, gurgaon, bangalore, in, ncr, residential, kolkata, agents, &amp, estate., corporate, penthouses, home, mumbai, industrial, delhi, duplex, sell, complex, chennai, apartments, buy, flats, villas, chandigarh, dealers, commercial, pune, lease, park, rent, office, online, india, retail, it, brokers, hyderabad, mall, funds, noida, plots, indian, shop, house, space, land

0 ratings

REAL ESTATEA DEVELOPERS PARSVNATH SET TO INVEST RS 1500 CR

Realty major Parsvnath Developers will invest about Rs 1,500 cr to complete over 30 ongoing real estate projects in the next two and half years. “Out of 193 million sq ft of our real estate land bank, we have put real estate construction of 42 million sq ft, comprising over 30 real estate projects, on fast track. These real estate projects will be delivered in the next 24-30 months,” real estate developers Parsvnath Chairman Pradeep Jain said.

More information of:- http://www.zameen-zaidad.com and http://www.propertycafeteria.com

posted by zameensantosh on Oct 21, 2009 1:27 PM Permalink | 0 comments
Tags: estate, shop, complex, villas, sell, real, brokers, buy, residential, home, property, agents, office, apartments, india, house, flats, dealers, commercial, rent, industrial, chandigarh, retail, estate., noida, online, delhi, &amp, hyderabad, land, ncr, park, kolkata, indian, lease, space, pune, corporate, chennai, it, plots, mumbai, bangalore, funds, mall, gurgaon, in, penthouses, duplex

0 ratings

‘BEVERLY HOMES’ SECTOR 89 FARIDABAD

‘Beverly Homes’, a Ferrous City Phase II project, is being developed by Ferrous Infrastructure & Developers Gurgaon. It is ideally located at Sector 89, Faridabad. Apartments in this project are affordable. Prices for apartments start from Rs16.08 lakhs. ‘Beverly Homes’ is a low-rise floors project. Persons living with their old parents will prefer to buy homes in this low-rise project. Other specialities of this project are – Gated Complex with 24x7 security, Club and Recreational facilities, Creche, Nursery School, Shopping Complex within the vicinity, Landscaped green with Rain Water Harvesting and Dedicated car parking per unit with additional option for covered car parking.

Ferrous Infrastructure & Developers, Gurgaon has grown into a dynamic corporate conglomerate with a market capitalization of over Rs1500 crores with several upcoming townships in cities like Faridabad, Palwal, Dharuhera, Rewari and Ghaziabad. For complete customer satisfaction, the company offers the best possible value at any given price point. They are committed to provide the fastest, most convenient service possible for an individual home, sub-division or even a new community. The company has a vision of perfect lifestyle. They claim to always look for better ways to satisfy their customers. It’s the dedicated team work and total quality management approach that empowers them to build homes of distinction. Their careful planning is as such that employment centres, schools, transportation, shopping and recreation facilities are available within convenient distances from their project/s.

We, Shri Aditya Estate, are one of the leading real estate consultants, established in Delhi and working successfully for more than a decade. We have developed well-embellished websites viz. www.zameen-zaidad.com, www.propertycafeteria.com with a clear concept to showcase all kinds of properties of our patrons for wider publicity of their products for sale/purchase, leasing and renting purposes. Our website – www.zameen-zaidad.com - is displaying the details of project of ‘Beverly Homes’ Faridabad. Homes for sale are available in ‘Beverly Homes’ Faridabad. For best and transparent deals for apartments in ‘Beverly Homes’ project in Faridabad, our experienced marketing executives can be contacted at mob no 91-9650398925, 9810445860, 9911158601, 011-42470622 or email at : info@zameen-zaidad.com. Our company is on the approved list of leading banks/financial institutions for grant of home loans. We have got an experienced team to process home loan applications. For hassle-free home loans for apartments in ‘Beverly Homes’ project in Faridabad, our executives can be contacted at mobile no 91-9990217028, 9810445860, 011-47082736 or email at : info@zameen-zaidad.com.

For more info log on to http://www.zameen-zaidad.com

And http://www.propertycafeteria.com/main.aspx

posted by zameensantosh on Oct 14, 2009 11:36 AM Permalink | 0 comments
Tags: noida, space, rent, flats, pune, shop, real, villas, park, corporate, chennai, property, hyderabad, kolkata, home, agents, industrial, ncr, house, complex, duplex, estate, land, bangalore, gurgaon, india, brokers, penthouses, chandigarh, it, apartments, office, sell, mumbai, residential, mall, in, lease, dealers, delhi, commercial, buy, indian, retail, plots, &amp, online, estate., funds

0 ratings

‘AVALON RESIDENCY’ BHIWADI

‘Avalon Residency’ project is being developed by Avolon Group. ‘Avalon Residency’ is ideally located on main road Alwar Bye-pass Road at Bhiwadi just one km from National Highway-8. ‘Avalon Residency’ is one of the popular residential developments in Bhiwadi. It is among the well known projects of Avalon Group. The landscape is beautiful with spacious houses. Other special features of the project are – Grand Entrance with splendid fountains, Near Vicinity of highly developed industrial areas of Bhiwadi, Dharuhera and Manesar, Nearby availability of restaurants, schools, hospitals & grocery stores, 2-3 bedroom affordable apartments starting from Rs9.95 lacs, Stilt + 9 towers, 24x7 security and 100% power back-up.

Avalon Group is one of the most successful developers in real estate of the country. Avalon Group has a vast experience of more than 25 years in construction and real estate. The core team of Avalon Group comprises of a highly qualified professional management group. The group has successfully completed many commercial, residential and industrial projects in Delhi, Chandigarh and Gurgaon. Many more projects are being developed at Bhiwadi, Faridabad, Rudrapur, Bhopal, Indore and Dehradun. The group is making use of the most advanced technologies and the latest amenities to provide an ultra modern lifestyle. The promoters of Avalon Group believe in providing affordable homes in their projects.

We, Shri Aditya Estate, are one of the leading real estate consultants, established in Delhi and working successfully for more than a decade. We have developed well-embellished websites viz. www.zameen-zaidad.com, www.propertycafeteria.com with a clear concept to showcase all kinds of properties of our patrons for wider publicity of their products for sale/purchase, leasing and renting purposes. Our website – www.zameen-zaidad.com - is displaying the details of project of ‘Avalon Residency’ Bhiwadi. Homes for sale are available in ‘Avalon Residency’ Bhiwadi. For best and transparent deals for apartments in ‘Avalon Residency’ project at Bhiwadi, our experienced marketing executives can be contacted at mob no 91-9650398925, 9810445860, 9911158601, 011-42470622 or email at : info@zameen-zaidad.com. Our company is on the approved list of leading banks/financial institutions for grant of home loans. We have got an experienced team to process home loan applications. For hassle-free home loans for apartments in ‘Avalon Residency’ project at Bhiwadi, our executives can be contacted at mobile no 91-9990217028, 9810445860, 011-47082736 or email at : info@zameen-zaidad.com.

For more info log on to http://www.zameen-zaidad.com

And http://www.propertycafeteria.com/main.aspx

posted by zameensantosh on Oct 14, 2009 11:28 AM Permalink | 0 comments
Tags: dealers, commercial, flats, noida, kolkata, hyderabad, office, estate, plots, industrial, duplex, residential, park, chandigarh, buy, ncr, pune, real, &amp, corporate, chennai, complex, indian, online, shop, house, home, retail, land, villas, space, mall, sell, mumbai, india, brokers, bangalore, rent, funds, it, apartments, gurgaon, in, penthouses, agents, property, delhi, estate., lease

0 ratings

Realty demand up in third quarter

New Delhi: So is the demand for homes getting real again? It seems to be a mixed bag so far, report Neha Dewan & Anand Rawani. While developers are aggressively talking about a spurt in demand, industry experts and buyers attribute this ‘revival’ to the strong nexus between developers and intermediates. SundayET spoke to a cross section of developers, bankers, buyers and realty brokers to assess the ground situation. In fact, the demand in the residential segment for Q3 of this calendar year remained marginally higher. However, leading developers said the growth has been optimistic and some even claimed a 30% rise in demand in these three months. The figures, no doubt, look impressive. But there is a catch. Industry experts and buyers say that this business is mainly the result of a strong developer-intermediary network.

Residential real estate prices are going up. In the last three months, prices of affordable apartments have appreciated by around 10% across the country.

"With improvement in the sentiment in the economy, transactions in the affordable range of residential real estate have gone up. This has made developers to increase prices by 5% to 10% in the last three months," said Anshuman Magazine, MD of real estate consultancy firm CB Richard Ellis, South Asia.

posted by zameensantosh on Oct 12, 2009 10:56 AM Permalink | 0 comments
Tags: space, bangalore, sell, office, apartments, real, noida, it, commercial, shop, estate, complex, villas, agents, home, ncr, house, in, brokers, flats, mumbai, residential, pune, park, gurgaon, chennai, corporate, kolkata, chandigarh, property, industrial, indian, estate., land, dealers, buy, penthouses, online, hyderabad, rent, duplex, india, mall, lease, delhi, &amp, plots, retail, funds

0 ratings

REALTORS RUSH FOR IPO APPROVALS

Seven Cash-Strapped Realty Cos File Red Herring Prospectus with Sebi to Raise Rs 14,000 Cr

The cash-strapped realty sector is scurrying for an initial public offer (IPO) cover with several builders approaching market regulator Securities & Exchange Board of India (Sebi) to seek approval to rise around Rs 14,000 cr or $3billion.

At least seven realty companies, including Lodha Developers, Sahara Prime city, Emaar MGF and BPTP, have either filed the draft red herring prospectus (DRHP) with Sebi since Friday or plan to do it tomorrow.

“Every company intending to do an IPO is in a hurry to file DRHP, as any delay beyond September 30 will force them to get their books audited again, which might delay the whole process,” a banker handling one large realty firms IPO said. The banker didn’t want him or his client to be named for regulatory reasons.

The audited balance sheet is valid for six months for filing prospectus. In case the company files the DRHP after six months of the annual report, it needs to incorporate audited numbers for proceeding six month period.

Emaar MGF, , a joint venture between Delhi-based MGF and Dubai-based Emaar, Sahara Prime City, Lodha Developers and Kumar Developers filed DRHP with Sebi on Tuesday. Delhi-based Ambience filed the prospectus last Friday, while Delhi-based BPTP, Sriram Properties will likely file tomorrow. BPTP, however, denied it was filing DRHP tomorrow.

Emaar MGF plans to re-launch its IPO to raise 3,850 cr for 10% stake dilution. In addition, the promoter is also divesting 1.17 cr shares to mop up around Rs 400 cr. This means Emaar MGF is looking at a valuation of Rs 38,500 cr, as against a valution of Rs 70,000 cr last times round.

Sahara group’s realty arm Sahara Prime City plans to rise up to Rs 3,450 cr through initial share sale.

Mumbai-based Lodha Developers plans to raise Rs 2,700 cr, while BPTP and Ambience plan to raise Rs 2,000 cr and Rs 1,100 cr respectively. Kumar Developers and Sriram Properties expect to raise Rs 400 cr and Rs 600 cr respectively.

“We will use the IPO funds to retire high cost debt, pay for government license fee for our land and in developing our projects,” says Ambience chairman Raj Singh Gehlot.

Led by real estate companies, the stock markets have been rallying this year with benchmark sensex registering a gain of 75% since January to close at 16,852 on Tuesday.

Several listed realty firms, including DLF, Unitech, Indiabulls Real Estate, Sobha Developers and HDIL, went in for successful qualified institutional placements (QIP) or promoter stake sale rising over $2 billion. The ability of listed realty players to raise funds gave privately-held firms the confidence to test the primary market which saw a slump following the fall of realty firm Emaar MGF’s IPO early 2008.

All listed realty companies were quick to tap the QIP route when markets improved because they were the ones who were most leveraged. Once again they are the ones leading the IPO rush because of the same reason.

Debt-ridden developers’ internal accruals too haven’t picked up significantly as buyers have been slow to return to the property market. Some of the developers are also under pressure from private equity (PE) funds, which earlier invested in those companies, to go public as it would give the PEs an exit route.

Courtesy:- ET dt:- 30-09-09

posted by zameensantosh on Oct 12, 2009 10:47 AM Permalink | 0 comments
Tags: rent, buy, estate, property, india, real, sell, brokers, commercial, apartments, residential, agents, house, dealers, flats, office, villas, lease, delhi, shop, complex, home, ncr, bangalore, mumbai, pune, hyderabad, kolkata, chennai, chandigarh, noida, gurgaon, it, mall, duplex, land, corporate, penthouses, park, industrial, space, in, estate., indian, online, &amp, plots, retail, funds

0 ratings

THE BOOM CONTINUES

Real estate sector in the country will witness a prolonged and robust demand with the top seven cities accounting for most of it, says Prabhakar Sinha

Real estate sector in the country will witness a prolonged and robust demand. According to a report by global realty consultation firm Cushman & Wakefield, the pan-India residential demand for 2009-2013 could be around 7.5 million units and that for office space at 196 million sq ft.

The Cushman & Wakefield India Real Estate Investment report 2009 Survival to Revival Indian realty sector on the path to recovery estimates demand for retail space at around 43 million sq ft while the hospitality sector is expected to see a demand of approximately 6,90,000 room-nights in the same period.

According to Anurag Mathur, MD of C&W, India, though the high growth trajectory of the previous years saw a setback during the global economic slowdown, the inherent strong economic fundamentals, low exposure to debt and state intervention, would help the sector gradually return to the path of recovery and witness robust demand for real estate across sectors.

The pan-India residential demand is estimated to be over 7.5 million units by 2013, across all housing categories, of which 85% is expected in the mid-segment and affordable housing segment, the report says. Of the total demand expected across India, 60%, equivalent to 45 lakh units, would be generated in top 7 cities (see chart). Mumbai is expected to witness the highest cumulative demand of 16 lakh units by 2013, followed by the National Capital Region, which is expected to see a demand of 10.20 lakh units in the same period. That means, on an average, every year there will be a demand of two lakh units. This is far more than the expected supply in the area.

According to the report, the demand for housing units will keep on rising year after year. The total demand for the housing units in all the seven cities will rise from 11.96 lakh units in 2009 to 13.32 lakh units in 2010 and to 14.86 lakh units in 2011. The figure will further rise to 16.63 lakh units in 2012 and to 18.64 lakh in 2013. Bangalore and Hyderabad are expected to see the highest compounded annual growth rate of 14%.

Total office space demand is expected to be 196 million sq ft during 2009-13, of which approximately 42% is expected to be generated in the seven cities.

According to the C&W report, though office market is expected to witness a fall in demand in 2009 with an expected absorption of 27 million sq ft, the period from 2010 onwards will see the markets experience a healthier demand with a compounded annual growth of 19% from 2009-2013. The commercial office market in India is likely to head towards a more balanced demand and supply situation in the next few years. The highest demand in the next five years is expected to be in Bangalore at 34 million sq ft followed by Chennai at 27 million sq ft. This increase in demand is largely due to improving economic conditions, positive market sentiments and growing corporate confidence.

Retail sector is expected to see a demand of approximately 43 million sq ft, mostly concentrated in the seven cities. Bangalore would see the highest demand of approximately 6.8 million sq ft however; Pune is expected to record the highest compounded annual growth of 51% for the next five years. The demand for the hospitality sector is expected to see a surge and is expected to be approximately 6, 90,000 room-nights between 2009-2013. NCR and Mumbai are expected to see the highest demand due to the higher volume of business travelers to these cities. Approximately 35% or 2,42,000 room-nights of the pan-India demand for hospitality is expected to be generated in the top three cities owing to various initiatives taken by the Indian government to promote commercial and tourism activity in these locations.

Mathur says, While the upcoming 2010 Commonwealth Games have been the key demand driver for hospitality segment in NCR, the significant expected rise in office demand in the peripheral locations is also likely to play a role is boosting room-night demand. Factors like increase in urbanization, income growth, relatively high disposable incomes are likely to positively impact retail as well as residential demand in the city.

NCR is expected to see the highest demand in the hospitality sector, owing to its growing importance as commercial and political centre. The maximum surge for demand in hospitality is expected to be witnessed in 2010 during the Commonwealth Games. The retail demand is expected to be 66.6 million sq ft by 2013 and the residential demand in the same period is expected to be approximately 10.20 lakh units. The office space demand on the other hand is expected to be approximately 25 million sq ft.

Mumbai is expected to see the highest demand for residential space of approximately 16.40 lakh units due to the large scale urbanization. The mid-scale and affordable housing in suburban and peripheral areas will be the focus of this demand. However, the demand for office space would be approximately 23.7 million sq ft, which is lower than that in Bangalore, Chennai and NCR. The demand for hospitality in Mumbai is expected to be strong at over 98,500 room-nights, by virtue of the fact that the city is regarded as the financial capital of India and therefore the volume of both domestic and foreign business travelers is expected to grow steadily. Demand for retail is expected to be 6.19 million sq ft.

On the other hand, Pune is expected to see the highest compounded annual growth in retail demand at 51% due to the current favorable demographics. The total expected demand for retail in Pune is approximately 1.76 million sq ft. Office demand in Pune is expected to be 21.7 million sq ft.

Bangalore emerges as a clear preference for sectors like office and retail, whiles it come a close third in the residential and hospitality segments. Bangalore is expected to see the highest demand for office space in 2009-2013 of approximately 34 million sq ft. The expected recovery in the IT/ITeS sector would have a positive effect on the demand in Bangalore, the preferred location for many IT/ITeS companies. The demand for retail sector is also expected to be the highest in Bangalore with approximately 7 million sq ft, while demand for residential is expected to be approximately 5, 70,000 units over 2009-2013, with the highest compounded annual growth rate at 14%.

Chennai is likely to witness the second highest demand for office spaces after Bangalore, of approximately 27.2 million sq ft, by 2013. Good infrastructure, high quality construction and competitive pricing would be the key reasons for the location to see high demand from corporate sector. Hyderabad is expected to witness an office demand of 16.6 million sq ft. The residential demand for Hyderabad is expected to be 2, 90,000 units, and like Bangalore, is expected to see the highest compounded annual growth rate of 14%.

Kolkata is expected to see a demand of 9 million sq ft for office space while retail is expected to be a healthy 4.15 million sq ft. Residential space demand is expected to 2,90,000 units while hospitality demand is expected to be approximately 24,869 room-nights.

Courtesy:- TOI dt:- 26-09-09

posted by zameensantosh on Oct 1, 2009 10:35 AM Permalink | 0 comments
Tags: real, in, noida, commercial, agents, india, funds, office, property, delhi, buy, home, gurgaon, residance, indian, estate, commercia, esteate, loan, space

0 ratings

AS REALTY DAWNS, COS PUTS ASSETS ON BLOCK

HUL & Mafatlal Industries among Corporate Looking To Earn Rs 400 Cr from
Real Estate Holdings

As Talk of a revival in the real estate sector gains ground and big-ticket deals stage a comeback, large companies with property are looking to make the most of the tide.

A handful of corporate, including Hindustan Unilever (HUL), Mafatlal Industries and a private bank have put some of their real estate assets on the block. The total value of their properties could be in excess of Rs 400 crore.

Said Kaustuv Roy, executive director, Cushman & Wakefield (C&W), a global real estate consultant, “A residential property has a 5% return on investment if it is leased out while the corresponding figure for commercial property is 12-13%. Therefore, it might make sense to sell these assets rather than hold them.”

The private bank mentioned earlier has recently come out with a public advertisement inviting bids for three of its Mumbai properties. Of the three, one is a commercial property spread over 90,000 sq ft while the other two are residential with a total area of 60,000 sq ft. These could bring in as much as Rs 200 crore for the bank, said a person close to the bank.

HUL too has put four of its residential properties in Mumbai on the block, with an estimated value of over Rs 45 crore. While three of these are located in the up market Cuff Parade in South Mumbai, the fourth is in the suburb of Vile Parle in western Mumbai. HUL has been looking at ways to monetize its real estate assets for a while now and has sold some properties recently. The current transaction is being driven by C&W. An email sent to HUL did not elicit a response.

“This is a global phenomenon where corporate invest in real estate when they have surplus capital and monetize it (real estate) when they are in need of funds,” said Amber Maheshwari, director investments, DTZ international property consultants.

Mafatlal Industries, a part of the Arvind Mafatlal group, has also put its 85,000 sq ft property in central Mumbai for sale for which it is hoping to generate around Rs 100-150 crore. An industry tracker said a lot of potential buyers have shown interest.

Courtesy:- ET dt:- 23-09-09

posted by zameensantosh on Sep 26, 2009 1:25 PM Permalink | 0 comments
Tags: home, agents, delhi, esteate, funds, property, india, loan, commercial, in, buy, indian, office, real, space, gurgaon, residance, commercia, estate, noida

0 ratings

‘THE VIEW’ (RAMPRASTHA GROUP)

‘The View’ residential project has been launched by Ramprastha Group. ‘The View’ project is strategically located in Sector 37 D, Ramprastha City Gurgaon - a township spread over 45 acres of land. Other specifications of the ‘The View’ project are – 0-km from Dwarka Expressway & Metro Station, 15 minutes drive from IGI Airport, right opposite to Reliance SEZ, a premium residential experience of luxurious villas, group housing, penthouse, plotted row houses & town houses, complete with ultra modern amenities like school, hospital, hotel, shopping mall, multiplex, golf club, post office and a temple. ‘The View’ has a great planned infrastructure to boast of.

Ramprastha group is a renowned real estate company, operating in Delhi/NCR for almost four decades. The company has planned and developed many prestigious projects including townships, plotted housing colonies, and a large number of group housing dwelling units. This is the first construction company to foray into building of self-sufficient colonies. Ramprastha group, with its innovative construction techniques and unique craftsmanship, has set inimitable benchmark for its competitors. Ramprastha group’s vision is to create and promote developments that are forward looking, innovative and tailored for specific markets, to promote Ramprastha development - a good place to live, work and enjoy life, to optimize personal development of staff through quality training and establishing and maintaining the highest standards of professionalism and ethics.

We, Shri Aditya Estate, are one of the leading real estate consultants, established in Delhi and working successfully for more than a decade. We have developed well-embellished websites viz. www.zameen-zaidad.com, www.propertycafeteria.com with a clear concept to showcase all kinds of properties of our patrons for wider publicity of their products for sale/purchase, leasing and renting purposes. Our website – www.zameen-zaidad.com - is displaying the details of ‘The View’ project. Homes for sale are available in ‘The View’ project in Ramprastha City Gurgaon-a township. For best and transparent deals for apartments in‘The View’ project in Gurgaon, our experienced marketing executives can be contacted at mob no 91-9650398925, 9810445860, 9911158601, 011-42470622 or email at : info@zameen-zaidad.com. Our company is on the approved list of leading banks/financial institutions for grant of home loans. We have got an experienced team to process home loan applications. For hassle-free home loans for apartments in ‘The View’ project in Gurgaon, our executives can be contacted at mobile no 91-9990217028, 9810445860, 011-47082736 or email at : info@zameen-zaidad.com

For more info log on to http://www.zameen-zaidad.com & http://www.propertycafeteria.com

posted by zameensantosh on Sep 26, 2009 1:17 PM Permalink | 0 comments
Tags: commercial, gurgaon, residance, in, home, indian, loan, real, estate, delhi, property, noida, india, buy, agents, commercia, office, space, funds, esteate

0 ratings

RAJUS MAY LOSE CONTROL OVER MAYTAS PROPERTIES

After the erstwhile Satyam Computers and Maytas Infra, B Ramalinga Raju and his family could well lose control over Maytas Properties, a closely held realty firm that claims to have a land bank of over 6,800 acres.

The company has said it hopes to rope in a strategic investor by next month. “We have got the board’s approval and are in the final phase of discussions with the investor and bankers to achieve financial closure. The investor has completed legal due diligence and the technical due diligence is expected to be complete sometime next month,” according to a recent communication to customers of an up market residential projecthttp://www.zameen-zaidad.com/. The promoters are under pressure to sell their stakes in projects or even exit the business as they have failed to honor commitments made to customers to complete projects including a Rs 1,100 cr Maytas Hill County residential project. The company needs around Rs 150 cr to complete this project. A criminal complaint has already been filed against Ramalinga Raju’s younger son Rama Raju who runs Maytas Properties for defrauding customers.

Maytas Properties ran into trouble after Satyam’s botched acquisition of the firm last December. Satyam was planning to acquire Maytas Properties at around Rs 6,400 cr, but the deal was called off after investor backlash. Within a few weeks, Raju confessed to fudging the books of Satyam to perpetrate a multi-crore fraud.

The valuation of Maytas Properties could be significantly lower now if the firm’s land bank claims are proven to be incorrect. Investigating agencies suspect that the promoters siphoned off money from the beleaguered IT firm to Maytas Properties to finance land deals. Scores of realty deals were also done through several front companies floated by the promoter and his family.

“Axis Bank has an exposure to Maytas Properties. A communication was warranted as customers were jittery over the fate of the residential project. We also needed to take all stakeholders including banks that have an exposure to Maytas Properties on board about the strategic investor,” said a source privy to the development.

“All options are open,” Ved Jain, the government nominated director on the board of Maytas Properties told ET when asked if the promoters will exit the business or sell their stake in projects. The company is executing three projects including the Maytas Hill County Special Economic Zone.

Only last month, Infrastructure Leasing & Financial Services was handed control of Maytas Infra amid cancelled contracts and deep financial distress at a company which was once overseen by Teja Raju, the elder son of Ramalinga Raju.

The government decided to wind down its role in Maytas Infra after having run it for about six months, a period when it failed to effectively arrest the cancellation of contracts that the company had won before the Satyam financial scandal erupted in January. Pune-based Tech Mahindra is the new owner of Satyam.

Courtesy:- ET dt:- 21-09-09

posted by zameensantosh on Sep 25, 2009 10:52 AM Permalink | 0 comments
Tags: space, indian, commercial, india, gurgaon, real, in, estate, esteate, loan, property, delhi, office, agents, buy, commercia, noida, home, funds, residance

0 ratings

FESTIVAL OF OPTIMISM

This festive season, the housing market has no baits like cars, gold coins or holiday packages for buyers, but builders are hopeful of good sales anyway, finds Syed Amir Ali Hashmi

It was raining festive offers this time last year. Cars, holiday packages and gold coins were the carrots offered to buyers for snapping up that flat or that Med-style villa. This year, the baits have disappeared. As the market gears up for Navratra and Diwali, traditionally an auspicious time for property purchase, builders are looking to score decent sales without giving away expensive `return gifts'. The reason: they feel the market is picking up and buyers will now come of their own accord. Real estate players have been hit hard by the slowdown -- the six-month period of October 2008 to March 2009 was a real dampener. Many developers had to reassess the market and keep projects on hold. But now the sector is seeing what is known as cautious optimism. "The residential market is bouncing back," says Manu Garg, MD of Landcraft Developers. "We've seen a very positive response for our project at Raj Nagar Extension, NH 58, and Ghaziabad. We believe that this festive season is going to be a good one for everyone. We plan to definitely offer something then, but the specifics will have to be worked out."

Navin Raheja, chairman of Raheja Developers, looks at this period "as one of those rare moments in the life of people who want to buy property -- at least in northern India". The downturn has been "a long depressing period," but something good has come out of it. "Everything is in place for the real estate sector," says Raheja. "The prices have bottomed out, interest rates are low, and affordable housing is available."

Any special offers for buyers? Raheja replies, "We are coming up with a new project called Raheja `Shilas,' in Sector 109, Gurgaon, near the IGI airport and 2km from Dwarka Phase II. The costs come to Rs 2,775 per sq. ft. (But) with an inaugural discount of Rs 200 per sq. ft, the special festive price is Rs 2,575 per sq. ft. The project is a mix of towers and independent floors. We have 200 apartments in all. There are three towers of G+12 storeys and 20 blocks of independent G+2 floors. We are launching it on the first day of Navratra, a very auspicious period for Hindus."

Strong sentiments

Developers feel that the market sentiments are good. Reports, they say, indicate that the market is flush with buyers who want property at affordable prices -- and what is needed right now are projects that suit their needs.

RK Mittal, chairman and managing director, CHD Developers, says, "We've already seen the building up of (a) lot of positive momentum in the run-up to the festive season. Our recently launched CHD Lifestyle project at Karnal, comprising over 150 independent floors, was sold out within six weeks. We plan to launch a similar project with a higher product offering in a very short time."

Mittal continues, "The initial market response has been tremendous. The festive season looks highly promising.

"We also have another project, Sri Krishnalok at Vrindavan, Mathura, which comprises one- and two-bedroom flats.

"We're about to announce a special festive promotion, through which customers can expect to benefit by Rs 51,000 to Rs 1 lakh, depending on the type of the flat and payment plan. Here, 1BHK on an 812 sq. ft built-up area is available for Rs 15.5 lakh and 2BHK on a 1,120 sq. ft built-up area for Rs 19.5 lakh."

A few developers are, however, handing out goodies. RK Arora, chairman and managing director, Supertech Limited, says, "In this festive season, we're coming up with some offers and schemes to help people buy their dream homes. For the Green Village Township in Meerut, we are organizing a lucky draw that will get the winner a 1BHK flat [in the township]. This offer is on till September 18.

"For other projects, such as 34 Pavilion & Emerald Court (Noida), Czar Suites (Greater Noida), Palm Greens (Meerut and Moradabad) and Livingston (Ghaziabad), we're offering air-conditioners to customers -- as many A-Cs as the number of rooms in their flat. It is a festival offer for a limited period, up to September 27."

Courtesy:- HT Estates dt:- 19-09-09

posted by zameensantosh on Sep 23, 2009 9:17 AM Permalink | 0 comments
Tags: in, commercial, noida, estate, buy, commercia, indian, esteate, space, delhi, gurgaon, india, property, residance, real, office, agents, funds, loan, home

0 ratings

MINT TOWERS – GURGAON

Project Name Mint Towers

Name of Builder GPL

Project Type Mini Township (Residential)

Price As below

Location Sector -70, Gurgaon

Agent Shri Aditya Estates
47082733, 9810445860

Mint Towers are a part of Eden Heights, Gurgaon being developed by GPL Infrastructure. These Towers host limited edition, affordable, efficiently planned 2 Bedroom + Study Apartments. Specially designed & priced keeping in mind the needs of the young corporate individuals. Part of an 11 acre township with world class facilities at Eden Heights, strategically located just off the Southern Periphery Road, Sector 70, Sohna Road, Gurgaon.

Some of the Key Factors, which make the apartments at Mint Towers different from the other offerings at present times are:

Construction in Full Swing
Sample Apartment Ready
Compact Size of 1050 sq.ft. (2 Bedrooms + Study)
Amazingly Efficient Floor Plan (Bedroom Sizes: 11x14 & 10x13)
Three Side Open apartments, to make sure all apartments are Airy & Well Lit.
All Facilities that one would expect in any good community.
Well planned landscaping within the Community.
Wi-Fi Ready Apartments
24 x 7 Security
100% Power BackUp
Large Size Club within the community with world class facilities.
Tennis Courts
Basket Ball Courts.
Connectivity to Proposed Metro Station
Affordable Prices to encourage actual users to make the most of it.

Down Payment Plan

Rebate 10% on Basic Sale

Price At the time of Registration 10% of BSP

Within 45 days from Booking 85% of BSP (Less 10% of 85%) + EDC + IDC + CMRC

On Final Notice of Possession 5% of BSP + IFMS + Stamp duty charges(And Other charges as application)

posted by zameensantosh on Sep 21, 2009 9:55 AM Permalink | 0 comments
Tags: loan, commercial, agents, gurgaon, noida, funds, estate, buy, home, residance, indian, office, space, india, delhi, in, real, esteate, property, commercia

0 ratings

GLOBAL CITY- MUMBAI

Project Name Global City

Name of Builder Keystone Group

Project Type Residential flat

Price As below

Location Virar (West) Mumbai

Agent Shri Aditya Estates
42470622, 9810445860

We are pleased that you chose to enquire about Global City. We have received an overwhelming reponse for the first phase of our launch. As a result we are currently able to offer only 2 & 3 BHK apartments, with 2 BHK pricing starting at 13.49 lacs. However, please note that within 2-3 months, we will be launching the next phase comprising of fresh stock of 1, 2, 3 & 4 BHK apartments.

You can choose from the currently available 2 &3 apartments. We urge you to book at the earliest to avail of the current prices as well as well as ensure a flat selection of your preference. Should you decide to wait for the next phase. Please be assured that we will be contacting you as soon as the announcement is made.

Global City is located in Virar (West), an emerging suburb on the western side of Mumbai. Famous for Jivdani Temple and Arnala Beach, Virar also has some other attractions including Agashi Jain Temple and an adventure sports centre.

PAYMENT PLAN

PAYMENT SCHEDULE PERCENTAGE

1st Installment towards booking 5%

2nd Installment towards booking 5%

Plinth 10%

2nd Slab 10%

4th Slab 10%

6th Slab 10%

8th Slab 10%

On Completion of Masnory 7%

On Completion of External Plumbing 7%

On Completion of External Paint 7%

On Completion of Flooring 7%

On Completion of Doors & Windows 7%

On Possession 5%

Total 100%

posted by zameensantosh on Sep 21, 2009 9:45 AM Permalink | 0 comments
Tags: india, residance, loan, funds, estate, office, indian, space, home, esteate, gurgaon, agents, property, noida, commercia, buy, commercial, in, delhi, real

0 ratings

AFFORDABLE AFFLUENCE AT GURGAON

Ansal Buildwell Ltd (ABL) offers two distinct choices of lifestyle-Florence Residency and Sushant Residency at Sushant Lok-II and III, Gurgaon. ABL's Sushant Residency is a masterpiece of luxurious lifestyle draped in exclusive elegance. It offers a choice of 2-3 bedrooms independent floors with well designed living spaces, spread over three independent floors. Each floor invites admiration due to its designer affluence and lavish expanse that is enriched in totality, subtly papered and delightfully engrossing. Another distinct choice of luxurious independent floors is ABL's Florence Residency which offers the prospective buyers three bedrooms apartments at ground, first and second floor. The ground floor offers the privilege of lush green front lawn whereas the first and second floor residents have the advantage of spacious balconies.

Both these options have rich construction specifications and integrated living spaces that add a touch of class to the lifestyle. The prospective residents will have the convenience of daily needs stores in their neighborhood and absolutely peaceful living that is pollution free and naturally blissful.

The location of these housing units itself speaks volumes about how desirable these are. The civic infrastructure here is fully developed with various reputed academic institutions, health and Medicare facilities, dedicated shopping malls and entertainment avenues. With an address that’s coveted and facilities that are well in place, Sushant Lok-II and III are fast catching the fancy of buyers. No wonder then that people are lapping up all the best deals that they can.

So, welcome to a life that is flourishing amidst a picturesque and planned township with all the contemporary facilities.

Courtesy:- ET Realty dt:- 18-09-2009

posted by zameensantosh on Sep 19, 2009 9:39 AM Permalink | 0 comments
Tags: indian, esteate, india, in, real, estate, residance, commercia, agents, buy, delhi, loan, noida, funds, commercial, property, gurgaon, space, home, office

0 ratings

DLF NEW PARTNER OF MOTHERCARE

UK Retailer Forms 51:49 JV With Indian Realty Co, Present Franchise Deal With Shoppers Stop To Coexist

Mother care, a UK retailer for kids and expectant mothers, is forming a 51:49 joint venture with India’s largest real estate company DLF, two people close to the development said.

While the company would continue its existing franchise agreement with department store chain Shoppers Stop, it hopes that the new JV will give it greater control over its Indian operations and ability to expand quickly in one of the fastest growing economies, they said requesting anonymity.

Both DLF and Mothercare refused to confirm the developments brushing it off as “market speculation”.

Mothercare spokeswoman Catriona McDermott said in a statement that the company was committed to its ongoing expansion in the Indian market. She said the company has 21 stores in affiliation with Shoppers Stop, which will remain a Mothercare franchisee in India.

“Shoppers Stop continues to be a valuable partner in Mothercare’s ongoing Indian strategy,” she said.

The UK retailer had been in discussions with DLF and Tata group retailer Trent for a possible equity partnership in India.

In the past, many foreign retailers, who nurtured a long-term view on India, have shunned the franchise route to form JVs with Indian partners. Last year, UK’s largest apparel retailer Marks & Spencer entered into a joint venture with Reliance Retail ending its franchise agreement with Planet Retail. Indian laws make it compulsory for a foreign retailer selling a single brand to take on Indian partner as the former can’t own more than 51% equity in a retail business. Foreign investment is still not allowed in companies that sell more than one brand.

A JV in India traces Mothercare’s recent move in China, which saw it breaking from its tradition of growing overseas only by franchising to local organisations. It has formed a joint venture with local partner Goodbaby in China.

“We envisage that we may engage in more joint ventures in future, though we will remain mindful of political, cultural and economic risks which attend international investment,” chairman Ian R Peacock said in the latest annual report, talking about China joint venture.

The UK retailer, which has 1,014 stores in 50 countries, including 609 stores outside the UK, sees the international market as “the biggest single growth opportunity”, as per its annual report. Mothercare reported an International retail sales growth of 41%, as against 6.9% overall sales growth for FY09 to £723 million. Similarly, international same store sales were up 6%, as against UK’s 1.4% for FY09.

A joint venture with Mothercare further diversifies DLF’s portfolio of brands, which already has Giorgio Armani, Dolce & Gabbana, Salvatore Ferragamao, Sunglass Hut and Sia Home. The realty firm, which has been partnering foreign retailers—usually as junior ally—aims to have a stream of clients for its malls through these tie-ups.

A typical standalone store of Mothercare in India is 3,000-6,000 sqft, while a shop-in-shop is 1,800-2,000 sqft. The retailer offers a range of products, including clothing, hardware and toys in India for mothers-to-be, infants and pre-school kids and sources over 70% of products sold in the country from global vendors.

Courtesy:- Et dt:- 08-09-2009

posted by zameensantosh on Sep 9, 2009 11:59 AM Permalink | 0 comments
Tags: indian, property, commercia, india, esteate, office, agents, delhi, space, in, residance, buy, home, gurgaon, loan, noida, funds, commercial, real, estate

0 ratings

Maytas Properties may get developer to rescue project

Maytas Properties, the unlisted real estate company belonging to the family of Satyam Computer Services’ disgraced founder, Ramalinga Raju, is likely to shortly finalise a deal with a developer to support its troubled Hill County project, say sources.

The residential project, coming up at Bachupally on the city outskirts, it behind schedule by nine months. The Rs 1,000-crore project is to have 840 apartments and 326 in dependent bungalows, priced between Rs 50 lakh and Rs 2.5 crore. The apartments are not ready, through a few bungalows are.

According to sources, Maytas Properties would assign the developer a new project and raise a bank loan using the projected incomes from the proposed property. It would use that loan for completing the Hill County project. “From what we understand, it will be a tripartite agreement with Maytas Properties, the bank and the developer,” sources told Business Standard.

This is one of several options the company is pursuing to complete the construction and give possession to those who had booked houses; the latter have so far invested Rs 630 crore by way of payments. The project requires Rs 150-200 crore more.

“It looks like it will be a positive development for the company,” the source said, adding a deal might be signed in a week or so. He, however, did not talk specifics about the project the developer would be given. Maytas Properties had earlier asked its customers to use their good offices to find investors for Hill County.

The company offered to give unencumbered collateral to the prospective investors, with the flexibility to withdraw the money invested in a year, sell of some property at rates much lower than the prevailing market rates or liquidate the collateral if the company did not repay.

Courtesy:- BS dt:-08-09-09

posted by zameensantosh on Sep 9, 2009 11:49 AM Permalink | 0 comments
Tags: gurgaon, commercial, space, in, india, indian, estate, real, esteate, commercia, loan, office, buy, home, agents, property, noida, funds, delhi, residance

0 ratings

GOVT MAY BORROW RS 40K CR MORE IN FY10

The bond market is waiting for Monday’s presentation of Budget 2009 for clarity on the additional borrowing target, being estimated at around Rs 40,000 crore.

The finance ministry is working out the increase in target, which will determine the changes in the borrowing calendar, a senior official at Reserve Bank of India said on condition of anonymity.

While the increase is expected at around Rs 40,000 crore, alternate means of raising debt will be explored if higher borrowings are announced, he added.

The borrowing calendar gives the schedule of government bond auctions and the mix of securities on auction. The government would have raised Rs 1,62,000 crore in the current fiscal year, Rs 15,000 crore higher than the projection.

The size of increase in borrowings is a concern as the rising debt burden would crowd out productive private investments and a high debt-to-GDP ratio will add to inflationary expectations as the faith in the government’s openness to make necessary fiscal adjustment declines.

The markets have already factored in an increase of up to Rs 50,000 crore in borrowing targets for the financial year, and a higher figure is expected to push up yields, four primary dealers in government paper said in a consensus.

“The market expects the fiscal stimulus measures announced in the Budget to be in the range of 1% of GDP. So, the yields have already factored in an additional borrowing of Rs 40,000 crore, an upside risk to this can lead to firming up of the yields,” said S Raghavan, head of treasury at IDBI Gilts, a primary dealer in government paper.

However, some economists expect the additional borrowings to be way below the market consensus. The additional borrowing could be as low as Rs 10,000 crore as the government inflows from disinvestment and 3G auction will help the government in plugging the fiscal gap, said Abheek Barua, chief economist at HDFC Bank.

“The markets are factoring in an increase of close to Rs 50,000 crore. At Rs 10,000 crore, our estimate of additional net borrowings is much smaller. This is likely to send the yield on the 6.05% 2019 paper lower to 6.25-6.3% from its current trading range of 6.9-7.0%,” said Mr Barua.

Yields across maturities fell on Wednesday as banks took positions as statutory reserves at the start of new quarter and no auction is announced for the current week. Traders pointed out that yields will ease only to a limited extent before the Budget.

Courtesy:- ET dt:- 02-07-2009

posted by zameensantosh on Jul 7, 2009 9:57 AM Permalink | 0 comments
Tags: commercial, space, in, loan, agents, delhi, indian, property, estate, buy, complex, home, office, real, gurgaon, noida, india, funds, residence

0 ratings

‘INDIA, CHINA WILL SEE 8% GROWTH NEXT YEAR’

Robert Parker, vice-chairman at Credit Suisse Asset Management, believes growth will accelerate in emerging markets, notably China and India, helping these countries decouple from developed economies. Parker, who has spent 27 years in various positions at Credit Suisse, spoke with ET NOW on a wide range of issues, including sustainability of the nascent recovery in the global economy and the likelihood of asset bubbles fuelled by cheap money.

How convinced are you that the global economy has turned the corner?

I do think that in the developed economies — the US, the UK, Europe and Japan — the very dire recession that we saw in the fourth quarter of last year and in January and February of this year has clearly come to an end. I do think that in the developed economies, we will see stronger economic data in the third quarter of this year. For example, US economic growth could be as high as 2-3%, and I think, we will see positive numbers in Europe and Japan for the second half of 2009. Having said that, some factors could constrain recovery in 2010, and consequently, I think that growth in the US and Europe could struggle to be much above 1% in 2010. Constraining factors are obviously the lower levels of bank leverage — bank lending is recovering very slowly — and also consumers rebuilding their savings and a reduction in consumer borrowing and also the dead weight of unemployment. Unemployment in the US and Europe is probably going to average at 9.5-10%. So, there are factors which are probably going to result in a very mediocre recovery on a two-year time horizon. One positive thing, however, is that you are going to get decoupling between the developed economies and most of the emerging markets. Consequently, next year, I think, we could see Chinese growth reaccelerate towards 8%, likewise in India. Latin American growth will be much higher — probably double the level we’ve seen in the first half of 2009.

Do you believe that coupled with loose monetary policy, the very high correlation in asset prices — commodities and equities in particular — that we’re witnessing now is going to set us up for more asset bubbles and potentially cause a hard-landing in markets?

I think, the Federal Reserve is going to keep the federal funds rate between zero and 25 basis points, probably for the next nine months. In the UK, the Bank of England is going to be stuck with a policy rate of 50 basis points at least for the rest of this year. So, with very low money-market rates, I think, there will be a steady flow of capital out of money-market funds. Investor cash levels are still very high in institutional and retail firms. So, capital will flow into equities and other asset classes. The correlation between commodities and equities, this year, of course, has been perfectly logical. Economic recovery means that the demand-supply balance for commodities has been tightening up, after the very weak demand-supply situation we saw in the second half of 2008 and early 2009, and clearly, an improved growth outlook is positive for equity markets. I think, however, this rally in equity and commodity markets could start to fail towards the end of this year and going into the first half of 2010. If I am right, the developed world only has a growth of around 1% next year. Clearly, the demand for commodities from developed economies is going to ease off at a time when in certain commodity markets — notably oil and other energy sectors — supply is reasonably easy. So, I think, further upside in energy prices is very limited, indeed. In 2010, I don’t think, we are going to have an asset bubble in equities. Obviously, price earnings ratios are higher today than just three months ago. I think, it’s going to be a year where defensive equities will outperform cyclical equities given my growth outlook.

Courtesy:- ET dt:- 02-07-09

posted by zameensantosh on Jul 7, 2009 9:56 AM Permalink | 0 comments
Tags: real, funds, noida, complex, property, in, estate, loan, residence, indian, delhi, office, space, india, commercial, home, agents, buy, gurgaon

0 ratings

CASHING IN ON LOW REAL ESTATE PRICES

This is a good time for small firms to acquire that coveted office space they always wanted

Every problem presents an opportunity. And a number of small and medium sized Indian companies have spotted the opportunity this time in real estate’s. For many of these companies high rentals had been a stumbling block to expansion when the going was good. Now that real estate costs have rationalised this maybe the right time to buy or lease office space. Compared to a year ago, rentals are down 25-30% on average across the top eight cities of India. Some areas have been affected worse than others. According to real estate consultant Cushman & Wakefield, rentals in Mumbai’s Lower Parel are down 39%, Worli has seen a 38% dip and Andheri rentals have been impacted by 33%. In the Delhi NCR, Gurgaon is down 26%, Noida is 20% lower and Jasola, an emerging business district, is down 24%. Even capital value of office space is down 20-25% on an average.

Tecpro Systems is in the material handling business, and the company grabbed the opportunity to buy a new office in Mumbai’s Malad suburb. The 4,000 sq ft office came at a 25% discount compared to rates in the same area around eight months ago. The company will now be shifting from its 2,000 sq ft rented premises to this new location, which will cater to future expansion as well. “Looking at the real estate market this is just the right time to buy,” says Amul Gabrani, managing director of Tecpro Systems. “We are getting feelers from the market that this is pretty much the bottom. If we wait, prices might start to go up.” He was referring to his search for another 10,000 sq ft of space in Gurgaon to add to the existing 16,000 sq ft in the city.

“Rentals and capital values are close to the bottom. There might still be a little correction in the future. But there will be never a better time to start

looking or to close deals at these decreased prices,” says Kaustuv Roy, executive director, Cushman & Wakefield India.

This is also a good opportunity for companies to move out of space they had rented out during the peak of the real estate boom. A prominent financial services firm in Kolkata recently finalised a deal to buy 14,000 sq ft of space to replace their rented premises of a similar size. “We rented the space in 2007-end when the rentals were touching the roof. The high rental was a constraint for us. Today, there is an opportunity to buy and so we are,” says a spokesperson for the company. This means that there will be no immediate reduction in cost for the company but the previous rental amount will pay for the EMI in the new property. “In the bargain we are creating an asset for the company. In 7-8 years, this property will break even.”

“Companies, both big and small that are still growing, are looking at relocating to cheaper office space options to take advantage of the slump in the real estate market. This is a good time as rentals are at the lowest levels,” says Prashant Kaura, founder and director of Gen-Real, a property consultancy firm.

It has always been difficult for SMEs to set up offices in prominent locations in cities, primarily due to the high cost of renting or buying space. The slowdown has definitely changed the scenario. Today, developers who were concentrating on leasing larger spaces because of the huge demand from international companies as well as large Indian corporates are changing tack. They are now willing to lease out much smaller spaces in their buildings. “In some of our buildings where we have floor plates of medium sizes, we are willing to break them into smaller offices and lease them out,” says Juggy Marwaha, VP-leasing at RMZ Corporation.

Landlords, too, are becoming more flexible when it comes to lease terms. The lock-in period for leases has been a standard three years for a long time now but today, a company can bargain and get it down to even one year. One can get a longer rent-free period for finishing their fit-outs and most importantly save on capital expenditure by giving lower security deposits. “Landlords are showing flexibility in taking security deposits as well. The standard was six months earlier but one can manage by paying three months today,” says Kaura.

With lower rentals, there is an option today for companies to relocate to cheaper office spaces and landlords know that. In a bid to reduce the chances of tenants leaving, landlords are coming around to the idea of rental re-negotiations. Many companies have successfully managed to renegotiate rentals and achieve savings in the range of 15-30% in their operating expenditure.

Landing A Good Deal

New telecom players like Etisalat, Datacom, Shyam Sistema and Aircel have got good deals owning to the slump in the real estate market. According to industry sources, Etisalat recently leased 30,000 sq ft in Malad West in Mumbai. The deal, say sources, has been fixed at Rs 80 per sq ft, which is about 30% lower than the rent prevailing in the area six months back. In another deal, the same telecom operator has leased 45,000 sq ft in Vatika Business Park on Sohna Road, Gurgaon for Rs 40-45 per sq ft. The rental here was close to Rs 85 per sq ft a year back. Similarly, Aircel has signed up for 60,000 sq ft of space in DLF Cybercity in Gurgaon for Rs 50-55 per sq ft. The rentals here have dipped considerably from Rs 100-110 per sq ft a year ago.

Building up real estate assets is on the agenda of every company. Now that the opportunity has presented itself, it will be seen who manages to aggressively improve their asset portfolio and take the lead.

Courtesy:- ET dt:- 29-06-09

posted by zameensantosh on Jul 6, 2009 8:50 AM Permalink | 0 comments
Tags: commercial, loan, indian, in, real, residence, funds, estate, delhi, office, complex, gurgaon, india, home, buy, agents, noida, space, property

0 ratings

RE LOSES 10 PAISA; BONDS END STRONG

The rupee ended weaker on Wednesday at 47.90, down from Tuesday’s 47.80, lower 10 paisa, amidst rising oil prices and a stronger dollar, reports Our Bureau in Mumbai.

However, a upswing in stocks checked losses. The dollar rose versus the euro after a report showed improved US consumer confidence numbers on Tuesday.

Dealers now await the release of the Economic Survey on July 2 and the announcement of the Union Budget on July 6 to give a direction to the currency market.

The dollar fell for the fourth-straight day against the euro, as stocks rose on investor speculation that the global recession is heading to a close, increasing demand for riskier emerging market assets. The dollar index that tracks the greenback’s movement against six majors was, however, up 0.1% by late Wednesday evening.

Oil rose above $71, following a large drop in crude inventories in the US, and output disruptions from militant attacks in Nigeria. Goldman Sachs expects the rupee to strengthen. It estimates that for the fiscal ended March 2009, current account deficit of 2.6% of GDP was lower than its expectation of 3.5% of GDP, particularly due to the rapid fall in imports in the January-March quarter.

“Strong domestic demand and its expectation of the output gap closing rapidly are likely to support a strengthening rupee. Our 3, 6, and 12-month dollar-rupee targets are at 47.3, 46.0 and 44.7, respectively,” the Wall Street bank said in a report to clients.

Government bonds ended higher amidst speculation that the Centre may not overshoot its borrowings targets for this year. The central bank on Tuesday said it would buy back debt securities next week. There is no auction of debt securities for this week.

The yield on the five-year benchmark security ended at 6.43% against 6.49% at close on Tuesday. The 10-year bond only saw trades worth Rs 335 crore. When yields fall, prices rise. The government has said that it will sell Rs 34,000 crore of bonds in July compared to the Rs 60,000 crore it sold in June.

Courtesy:- ET dt:- 02-07-09

posted by zameensantosh on Jul 6, 2009 8:49 AM Permalink | 0 comments
Tags: agents, commercial, residence, space, home, gurgaon, funds, indian, loan, property, real, in, office, estate, delhi, complex, india, buy, noida

0 ratings

ICICI BANK CUSTOMER EDUCATION SERIES

Home Loan repayment

When you take a home loan, you make a long-term commitment to the lender. This commitment could span a period of up to 20 years.

During this period, regular payment of EMIs through a convenient mode is very important for both you and the lender.

Regularity of EMI payment

· Non payment or delayed payment can lead to:

o A penalty of 2% on your EMI amount and

o A negative record in your credit report generated by credit bureaus.

· It is advisable to maintain an amount equal to at least two EMIs as balance in your account

Convenient modes of EMI payment

There are three modes through which you can make payment of the EMIs of your home loan.

· Post-dated cheques (PDCs)

This is a mode of payment where you are required to submit signed post-dated cheques to the home-loan provider for a tenure specified by them.

· Auto-debit

This is an electronic mode of funds transfer from your savings bank account to the home loan account. To avail of this facility, both these accounts should be with the same bank.

· Electronic Clearing Services (ESC)

This too is an electronic mode of funds transfer from your savings bank account to the home-loan account; you can avail of this facility if your savings bank account and home-loan account are with different banks.

To summaries, ECS or Auto-debit is a convenient, safe and economical way of making regular periodic payments.

Courtesy:- ET dt:-1^st July 2009

posted by zameensantosh on Jul 4, 2009 8:14 AM Permalink | 0 comments
Tags: complex, commercial, estate, space, noida, india, delhi, in, office, real, gurgaon, indian, loan, home, agents, residence, property, buy, funds

0 ratings

ICICI BANK CUSTOMER EDUCATION SERIES

Home Loan repayment

When you take a home loan, you make a long-term commitment to the lender. This commitment could span a period of up to 20 years.

During this period, regular payment of EMIs through a convenient mode is very important for both you and the lender.

Regularity of EMI payment

· Non payment or delayed payment can lead to:

o A penalty of 2% on your EMI amount and

o A negative record in your credit report generated by credit bureaus.

· It is advisable to maintain an amount equal to at least two EMIs as balance in your account

Convenient modes of EMI payment

There are three modes through which you can make payment of the EMIs of your home loan.

· Post-dated cheques (PDCs)

This is a mode of payment where you are required to submit signed post-dated cheques to the home-loan provider for a tenure specified by them.

· Auto-debit

This is an electronic mode of funds transfer from your savings bank account to the home loan account. To avail of this facility, both these accounts should be with the same bank.

· Electronic Clearing Services (ESC)

To summaries, ECS or Auto-debit is a convenient, safe and economical way of making regular periodic payments.

Courtesy:- ET dt:-1^st July 2009

posted by zameensantosh on Jul 4, 2009 8:12 AM Permalink | 0 comments
Tags: home, space, residence, noida, india, buy, funds, indian, property, in, complex, office, real, loan, delhi, gurgaon, commercial, agents, estate

0 ratings

SEZ DEVELOPERS GET NOD TO RAISE FUNDS OVERSEAS

The finance ministry on Wednesday reviewed its policy on external commercial borrowings (ECBs), allowing developers of special economic zones (SEZ) to access cheaper funds from abroad for infrastructure development in the zone.

Permitted through the approval route, the relaxation in rules will help SEZ developers bring down their development cost to a large extent. However, it has been clarified that ECB will not be permissible for development of integrated township and commercial real estate within the SEZ.

So far, ECBs were permissible for the infrastructure sector that was defined as power, telecommunication, railways, road and bridges, ports, industrial parks, mining, refining and exploration and urban infrastructure projects.

As per the current policy, ECBs are allowed for units in SEZ for their own requirements, not for development of the zone.

Further, the government has clarified that corporate which had been under investigation by the Enforcement Directorate and the Reserve Bank of India for violation of foreign exchange rules would have to compulsorily go through the approval route and would not be allowed under the automatic route.

Other aspects of the ECB policy such as $500 million limit per company per financial year under the automatic route, average maturity period, guidelines on the end-use and lender and reporting arrangements have not been changed by government.

The government also extended the relaxation given to real estate developers outside SEZ for use of ECB for development of integrated townships, permitted in January 2009, till the end of this year under the approval route.

Non-banking finance companies (NBFCs), which are exclusively involved in financing of the infrastructure sector, are permitted to avail of ECBs from multilateral and regional financial institutions and government-owned financial institutions for on-lending in the infrastructure sector under the approval route.

Courtesy:- TOI dt:- 02-07-09

posted by zameensantosh on Jul 4, 2009 8:11 AM Permalink | 0 comments
Tags: buy, commercial, property, india, home, space, estate, residence, agents, funds, noida, complex, in, indian, gurgaon, loan, real, office, delhi

0 ratings

GLOBAL OFFICE RANKINGS

Mumbai gets 6th position and Delhi the 12th slot in the latest rankings of the most expensive office property markets around the world

Mumbai has dropped to 6th place in the ranking of the world's most expensive office markets while Delhi bettered its ranking ending at 12th place. Globally, Tokyo's Inner Central District has taken over London's West End to become the world's most expensive office market, according to a recent survey of 170 cities by CB Richard Ellis.

In the last report (November 2008) Mumbai was in 5th position and New Delhi was 13th.

In this report, Mumbai has dropped to the 6th position while New Delhi is now in 12th place. London's West End is now the world's second most expensive office market, followed by Moscow, Hong Kong's Central Business District or CBD, and Tokyo’s Outer Central District in the CBRE report, which tracks office occupancy costs in more than 170 cities around the globe.

Anshuman Magazine, Chairman & Managing Director, CB Richard Ellis South Asia says, “This ranking highlights the decrease in rentals we have witnessed in the last six months due to a reduction in demand. However, Mumbai continuing to be in the top 10 and Delhi being at 12th place reflects the shortage of prime office supply in India. To reduce office occupancy costs further and facilitate more supply of office space we need to urgently improve our infrastructure and amenities. This would bring our world rankings down further and make India more competitive.”

Financial centres have been most significantly affected by declining occupier demand and, as one would expect, registered the most material decreases in office rents. In many cases, major global office markets have seen occupancy costs fall by20 per cent or more over the last 12 months. Across the 170 cities as a whole, office occupancy costs fell 2.8 per cent over the 12-month period ending March 31, 2009 (on an un-weighted average basis) compared with an increase of 8.0 per cent in the 12-month period ending September 30, 2008. Singapore had the largest year over year decrease in occupancy costs with a drop of 34 per cent.

Some markets did record increases in costs over the last 12 months but these markets such as Charlotte (US), Marseille (France) and Perth (Australia) are very much the exception rather than the rule. Generally, these increases are either due to exceptional local market conditions, such as the completion of a top quality new building in a market where none was available previously, or simply that occupancy costs remain above the level of a year ago despite the fact that they are now falling. Such situations illustrate the uneven way in which the economic downturn is affecting different markets around the globe, according to the CBRE report.

“The great global recession has clearly taken its toll on the world's office markets, particularly those with significant concentrations of financial industry employers,” said Dr. Raymond Torto,CBRE's Global Chief Economist. “The most expensive office markets, as measured in dollars, are considerably less expensive than a year ago and occupiers are now in a strong position to procure prime space at attractive costs. For instance, a year ago office space in London's West end was nearly $300 per sq. ft., while today that space goes for $172 per sq. ft.”

Courtesy:- HT dt:- 27-06-09

posted by zameensantosh on Jul 3, 2009 7:37 AM Permalink | 0 comments
Tags: estate, gurgaon, residence, home, funds, india, office, space, noida, commercial, agents, in, property, indian, delhi, complex, buy, loan, real

0 ratings

LUCKNOW DEVELOPMENT AUTHORITY AGAIN IN THE EYE OF A STORM

The scam appears far bigger than the one during the Mulayam regime when LDA top brass allotted 28 plots to senior politicians and bureaucrats without lottery. This time, LDA officials allotted 52 out of 90 houses and plots to their favourite applicants. Worse, the plots were meant for SCs/STs, OBCs, MLAs, freedom-fighters and the physically challenged. However, LDA officials kept the rule book aside and allotted the properties to people in the general category.

Courtesy:- TOI dt:- 01-07-09

posted by zameensantosh on Jul 3, 2009 7:34 AM Permalink | 0 comments
Tags: commercial, residence, space, office, agents, delhi, indian, property, complex, home, india, estate, real, gurgaon, noida, loan, funds, buy, in

0 ratings

HARYANA UPS CIRCLE RATE, 10-12 pc Increase for Land Regi...

Even though property prices have ceased to increase in Gurgaon in the 12 months, the state government has implemented a routine hike of 10-12 per cent in collector rates (also known as circle rates) for land registration.

The new collector rates for the `hyper-potential zone', as Gurgaon is tagged in revenue records, would be effective from June 29.

In DLF City (Phase I-IV), where the market rate of land ranges between Rs 50,000 and Rs 70,000 per sq yard, the collector rates has been increased from Rs 19,000-21,000 to Rs 21000-Rs 23,000.

In Sushant Lok (Phase I-III) the collector rates now stand revised at Rs 20,000-21,000 as against Rs 18,500-19,000 per sq yard.

According to government officials, the hike in collector rates is a routine exercise and has nothing to do with the realty market situation.

"The revenue department has its own targets to accomplish on a yearly basis and revision of collector rates is part of the routine exercise. It was during 2007-08 only when we had hiked collector rates by 25-30 percent as there was a major jump in the realty market at that time in Gurgaon," he added.

New collector rates have also witnessed a jump of 10 per cent in HUDA sectors. But collector rates in commercial sectors have been revised to a maximum of Rs 55,000 per sq yard from last year's Rs 35,000 per sq yard.

In villages, maximum hike has been implemented in Dhundahera village, abutting industrial sector Udyog Vihar where the collector rates have been increased to Rs 1.5 crore per acre from last year's Rs 1 crore.

Courtesy:- HT dt:- 27-06-09

posted by zameensantosh on Jul 1, 2009 8:55 AM Permalink | 0 comments
Tags: space, office, commercial, noida, in, buy, agents, funds, gurgaon, home, indian, residence, india, complex, estate, property, loan, delhi, real

0 ratings

PARSVNATH DEVELOPERS RESEARCH: CREDIT SUISSE RATING: UN...

Credit Suisse maintains `Underperform’ rating on Parsvnath Developers with a target price of Rs. 75. Credit Suisse revised the NAV estimate up by 83% to Rs 126 on the back of lowering weighted average cost of capital (WACC) and assumes a 5% p.a. hike in property prices from FY11 onwards. They employ an average 40% discount to calculate the target price to reflect high gearing of 1x; its high concentration risk in tier III cities; focus on SEZ and commercial projects (47% of land bank); and unpaid land cost of Rs 1000 crore. With an EBIT/interest cover of 0.9x in FY09 and 0.6x in FY10, Parsvnath will find it difficult to meet its interest commitments let alone Rs 230 crore of debt repayments scheduled for FY10. Further, Parsvnath’s strategy to continue with its land acquisitions for the SEZ projects and not to exit from non-strategic land parcels will put considerable strain on its balance sheet. Parsvnath is looking to gain private equity investment in its projects. Red Fort Capital, a private equity fund has recently invested Rs 90 crore ($18 mn) in a Delhi residential project. Credit Suisse estimates it needs at least a $170 million equity infusion to reach FY10 EBIT/interest cover of 1x. We raise our revenue estimates for FY10 and FY11 by 15% and 13%, respectively, on the back of improved liquidity and a better macro environment. FY10E EPS is expected to decline 30% y-o-y to Rs 4.20 and thereafter increase to Rs 5.14 in FY11E. Parsvnath is trading at a 34% discount to forward NAV and 20x FY10E P/E and 16x FY11E P/E and 0.74x forward P/B.

Courtesy:- ET dt:- 29-06-09

posted by zameensantosh on Jul 1, 2009 8:54 AM Permalink | 0 comments
Tags: complex, delhi, property, residence, space, in, home, noida, commercial, agents, funds, buy, gurgaon, office, indian, india, estate, loan, real

0 ratings

“RIGHT PLATFORM FOR REAL ESTATE DEVELOPERS”

In these times of current economic scenario showcasing the right property to an interested buyer at a right price is the only way to make the market move ahead. Times Property Expo aims to provide a platform to Real Estate Developers to showcase their properties to interested buyers, investors and traders. Real Estate is on top of everyone’s mind today and with options available a plenty, making a choice is tough as visiting every project and builder is time consuming and physically draining. So what does one do? Where can one see all projects in a day?

Times Property Expo 2009 has stepped in to deal with the Indian real estate market with their annual mega property event.

The situation is in a flux. After the boom, comes the period of waiting. Buyers are not sure if it’s the right time to buy, new projects are under review and funds are not all that easy to come by. Given such a scenario, how do you create demand, talk to people at the lowest possible cost, and communicate effectively in a way that your projects are looked on with great interest?

The Times Property Expo 2009 is a major networking and transactional event where many real estate deals are successfully concluded and contacts made for the future. This is the right time and the right place to get noticed by investors and all those who matter in this market. It’s a platform to display your projects and properties, bringing together high net-worth individuals, both commercial and residential investors. Last year, The Times Property Expo had many leading developers and real estate companies at the event. This year, too, it remains the biggest property exhibition in India. With your valuable contribution, it will be seen as the one and only forum for serious real estate deals.

The best place to display property developments and investment opportunities under one roof is The Times Property Expo 2009, drawing upon its unique coverage and reputation to bring together the most influential decision-makers in the market. This offers you access to the largest available showcase of development projects.

An event that brings all aspects of property and real estate together Premium Residential projects & Commercial projects, Exquisite Villas & Townships, State-of-the-art Business Centers & Multiplexes, Sites of clubs, banks, food courts, entertainment centers etc, Financial institutions and Others.

Times Property Expo 2009 - Unique property exhibition, where Value added residential projects, Second Homes, Offices, IT Parks, Commercial Properties, SEZs and Townships would be exhibited. The invitee list will include actual decision makers and buyers. The basic objective of this exercise in the form of exhibition is to bring builders and service providers of residential and commercial properties face to face with actual buyers including global clients and NRI’s who are scouting for properties in India, UK, UAE, Australia or other places.

Get geared up for this mega realty series in three different cities.

Courtesy:- TOI dt:- 13^th June 2009

posted by zameensantosh on Jun 29, 2009 1:20 PM Permalink | 0 comments
Tags: gurgaon, office, complex, india, estate, commercial, home, agents, real, delhi, space, residence, in, property, noida, funds, indian, loan, buy

0 ratings

Pages: 1 2 » (1 - 42 / 43)

zameensantosh / Tags / agents

Search

zameensantoshs Friends

Tagcloud

Latest Comments

Archive

Feeds

Credits