जमीन जायदाद की रजिस्ट्रियों में भारी कमी

अकाली-भाजपा सरकार के कार्यकाल में प्रापर्टी में आई गिरावट के चलते राज्य को इस साल अब तक 1500 करोड़ रुपये के राजस्व का घाटा हुआ है।

मंदी के चलते नवंबर माह में 13 फीसदी गिरावट दर्ज की गई है। राज्य में जमीन के भाव लगातार कम हो रहे हैं। रियल इस्टेट कारोबार में निवेश करने वाले कारोबारी परेशान हैं क्योंकि रियल इस्टेट सेक्टर में बूम नहीं है।

राज्य सरकार ने जब से प्रापर्टी टैक्स के लिए अधिसूचना जारी कर कालोनियों को नियमित करने की प्रक्रिया शुरू की है तब से मार्केट में मंदी बढ़ी है।

राजस्व विभाग के एक आला अधिकारी ने बताया कि नवंबर माह में 13 फीसदी गिरावट दर्ज की गई। नवंबर माह में 1669 करोड़ का राजस्व प्राप्त हुआ जबकि पिछले साल इस समय के दौरान 1920 करोड़ रुपये प्राप्त हुए थे।

राज्य सरकार ने चालू वर्ष में 20 फीसदी राजस्व बढ़ोतरी का लक्ष्य निर्धारित किया था। मंदी के चलते लक्ष्य तक पहुंचने की बजाय राजस्व में 13 फीसदी की गिरावट दर्ज की गई।

इससे साफ है कि कुल लक्ष्य का 30 फीसदी गिरावट दर्ज की गई है। राजस्व विभाग ने नवंबर तक 22,250 करोड़ रुपये का राजस्व इकट्ठा किया जबकि 23,771 करोड़ रुपये खर्च किए गए।

विभागीय अधिकारियों को उम्मीद है कि अगली खरीफ फसल के बाद राजस्व में बढ़ोतरी की संभावना है।

अवैध कालोनियों से वसूले 360 करोड़
प्रापर्टी टैक्स और अवैध कालोनियों को नियमित करने के लिए सरकार ने जो नीति बनाई है उसका आर्थिक लाभ तो मिल रहा है लेकिन राजस्व विभाग को इसका नुकसान हुआ है।

अवैध कालोनियों को नियमित करने के मामले में सरकार को अब तक 360 करोड़ रुपये का राजस्व मिला है। राजस्व विभाग के अधिकारियों का कहना है यह रकम निकाय विभाग के पास जा रही है।

इसका उपयोग भी इन कालोनियों में सुविधाएं दिए जाने के काम में होगा। इसका उनके विभाग को कोई लाभ नहीं है।

जमीन जायदाद की रजिस्ट्रियों में भारी कमी

अकाली-भाजपा सरकार के कार्यकाल में प्रापर्टी में आई गिरावट के चलते राज्य को इस साल अब तक 1500 करोड़ रुपये के राजस्व का घाटा हुआ है।

मंदी के चलते नवंबर माह में 13 फीसदी गिरावट दर्ज की गई है। राज्य में जमीन के भाव लगातार कम हो रहे हैं। रियल इस्टेट कारोबार में निवेश करने वाले कारोबारी परेशान हैं क्योंकि रियल इस्टेट सेक्टर में बूम नहीं है।

राज्य सरकार ने जब से प्रापर्टी टैक्स के लिए अधिसूचना जारी कर कालोनियों को नियमित करने की प्रक्रिया शुरू की है तब से मार्केट में मंदी बढ़ी है।

राजस्व विभाग के एक आला अधिकारी ने बताया कि नवंबर माह में 13 फीसदी गिरावट दर्ज की गई। नवंबर माह में 1669 करोड़ का राजस्व प्राप्त हुआ जबकि पिछले साल इस समय के दौरान 1920 करोड़ रुपये प्राप्त हुए थे।

राज्य सरकार ने चालू वर्ष में 20 फीसदी राजस्व बढ़ोतरी का लक्ष्य निर्धारित किया था। मंदी के चलते लक्ष्य तक पहुंचने की बजाय राजस्व में 13 फीसदी की गिरावट दर्ज की गई।

इससे साफ है कि कुल लक्ष्य का 30 फीसदी गिरावट दर्ज की गई है। राजस्व विभाग ने नवंबर तक 22,250 करोड़ रुपये का राजस्व इकट्ठा किया जबकि 23,771 करोड़ रुपये खर्च किए गए।

विभागीय अधिकारियों को उम्मीद है कि अगली खरीफ फसल के बाद राजस्व में बढ़ोतरी की संभावना है।

अवैध कालोनियों से वसूले 360 करोड़
प्रापर्टी टैक्स और अवैध कालोनियों को नियमित करने के लिए सरकार ने जो नीति बनाई है उसका आर्थिक लाभ तो मिल रहा है लेकिन राजस्व विभाग को इसका नुकसान हुआ है।

अवैध कालोनियों को नियमित करने के मामले में सरकार को अब तक 360 करोड़ रुपये का राजस्व मिला है। राजस्व विभाग के अधिकारियों का कहना है यह रकम निकाय विभाग के पास जा रही है।

इसका उपयोग भी इन कालोनियों में सुविधाएं दिए जाने के काम में होगा। इसका उनके विभाग को कोई लाभ नहीं है।

Source:-Amarujala.com

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कैसा रहेगा रियल एस्टेट सैक्टर 2014

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भारतीय अर्थव्यवस्था के लिए साल 2013 कुछ खास अच्छा नहीं रहा। आय में स्थिरता, रुपए के मूल्य में गिरावट, आसमान छूती मुद्रास्फीति की दर और ब्याज की ऊंची दर ने लोगों को अपने खर्चों तथा निवेश पर लगाम लगाने को विवश कर दिया। इसका असर सीधे-सीधे रियल एस्टेट सैक्टर पर भी हुआ। इस साल त्यौहारों के मौसम में भी अपेक्षा अनुरूप तेजी देखने को नहीं मिली।
सरकार द्वारा लागू किए जा रहे रियल एस्टेट रैगुलेशन बिल को लेकर भी इंडस्ट्री में नाखुशी का माहौल बना हुआ है। वैसे इस सबके बावजूद आवासीय सम्पत्ति के दामों में लगातार इजाफा होता रहा जबकि रुपए के मूल्य में अवमूल्यन इसकी विक्रय शक्ति को क्षीण करता रहा। अब नया साल अपने साथ नई अपेक्षाएं लेकर आ रहा है। आइए आपको बताएं कि विशेषज्ञों की राय में साल 2014 में कैसा रहेगा रियल एस्टेट का रुख?

रीडिवैल्पमैंट गतिविधियों में इजाफा होगा
शहरीकरण के कारण घट रही भूमि की वजह से रियल एस्टेट सैक्टर का काफी जोर रीडिवैल्पमैंट पर भी केंद्रित रहेगा। इसकी एक वजह यह भी है कि नए भूमि अधिग्रहण कानून के मद्देनजर अब डिवैल्पर्स के लिए भूमि अधिग्रहण पहले की तुलना में कहीं अधिक कठिन हो जाएगा। ऐसे में भारतीय शहरों में रिडिवैल्पमैंट की दिशा में डिवैल्पर्स के लिए सम्भावनाओं की कोई कमी नहीं है।

मांग तथा आपूर्ति में तालमेल बैठाने का समय
जहां भारत में हो रहा शहरीकरण दुनिया भर के निवेशकों को मुनाफा कमाने का सुनहरा अवसर प्रतीत हो रहा है वहीं इसकी वजह से बढ़ रही जरूरतों को पूरा करना भी एक बड़ी चुनौती साबित हो रही है।

वर्तमान में बाजार चौकस है और इसकी ऐसी भावनाएं 2014 की पहली छमाही तक जारी रहने की अपेक्षा है। हालांकि साल के दूसरे हिस्से में बिक्री में निरंतर इजाफा होगा तथा आवासीय रियल एस्टेट पूंजी में मूल्य वृद्धि साल भर 10 से 12 फीसदी की दर से हो सकती है।

किफायती आवास देंगे 2014 में विकास को गति
एक विकसित होती अर्थव्यवस्था में सम्भावनाओं की कोई कमी नहीं होती और समय आ चुका है कि भारतीय रियल एस्टेट इंडस्ट्री इंतजार में बैठे मौकों की पहचान कर सके।  अब तक भारत में करीब 2 करोड़ आवासों की कमी है और इसमें से 95 फीसदी कमी आर्थिक रूप से कमजोर तथा निम्न आय वर्ग के लिए आवासों की है। सरकारी जानकारी के अनुसार आर्थिक रूप से कमजोर वर्ग के आवास 4 से 10 लाख रुपए के होने चाहिएं।

इसका अर्थ है कि किफायती आवासीय परियोजनाओं को हमारे शहरों के ऐसे पनगरों का रुख करना होगा जहां इस मूल्य के आवास उपलब्ध करवाना सम्भव हो। ऐसी परियोजनाओं के लिए सरकार की ओर से शुल्क तथा करों में विभिन्न प्रकार की छूट हासिल करने की कोशिश भी की जानी चाहिए।

Source:-Punjabkesari.in

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‘Noida will be prime property location in 2014’

Having an experience of over a decade in the construction industry, Paras Buildtech has made a name for itself in residential, retail and commercial markets. Standing forPerseverance Accuracy Result-oriented Adaptable Social Responsibility, the group has made its presence felt in areas such as Gurgaon, Noida and Zirakpur and Mohali in Punjab. The MD of the group, Harindar Nagar talks to Magicbricks.com’s Shradha Goyal about his opinions about the market performance in 2013 and expresses his anticipations for 2014. Here are the excerpts –

What are your expectations from the Noida real estate market in the year 2014?

Noida and Greater Noida will continue to be one of the prime property locations in 2014. The number of infrastructure projects lined up by the Uttar Pradesh government and NCR Planning Board, including extension of Metro lines, makes these locations favourable for both end-users and investors. Among the stretches, Noida Expressway continues to be one of the finest road projects in the country, attracting a large chunk of investment for real estate development.

Which areas are expected to see maximum development in 2014? Why?

Among the specific areas in Noida, few sectors on Noida Expressway such as 137, 168, Greater Noida West (formerly known as Noida Extension) and areas on Yamuna Expressway falling under Greater Noida are expected to see maximum real estate development and deliveries in 2014.

Where are your projects located and why did you choose these locations?

Our project Paras Tierea is located in Noida sector-137 and other project Paras Seasons is located in Noida sector-168. Both the projects are strategically located with carefully designed layout. We are all set to start giving possession very soon.

Which locations in the city witnessed maximum launches in year 2013? Why?

Greater Noida West, Greater Noida and Yamuna Expressway witnessed the maximum number of projects launches in 2013 as there was easy availability of land. Moreover, the government has chalked out development plans for these areas. Moreover to improve the basic infrastructure along the fast developing Noida – Yamuna Expressway, there are plans for a new 20 km road network for better connectivity.

What was the volume of sales and stock in the year 2013 vis-à-vis the last year?

2013 saw slower recovery of properties due to slowdown in economy, high interest rates and high inflation rates severely denting the savings of people. With new Reserve Bank of India’s policy on repo rate, we are looking forward for more stable market in 2014.

What will be the impact of the upcoming general elections on the real estate sector in Noida?

There are two factors that impact the real estate market of any particular area in country – local and national. Locally speaking, since the state government will remain the same before and after the general elections, so their policies, in all likelihood, will remain the same. However, for the national factors, such as interest rates, Real Estate Regulatory Bill, Land Acquisition Act etc, we expect some concrete steps from the next elected central government. The outcome of these steps will determine the direction of the real estate sector.

What are the developments expected in 2014?

We expect the concerned authorities and governments to act swiftly on the implementation part of infrastructure projects such as Noida City Centre – Noida Extension line and Greater Noida – Agra metro project.

Source:magicbricks.com

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20% rate hike in ready reckoner for posh areas in Maharashtra

The state government has increased the ready reckoner (RR) rates for residential and commercial properties by up to 20% in municipal corporation areas of Pune, Thane, Navi Mumbai and Mumbai from the new year.

RR rates have been increased by over 20% in only 26 zones of the total 737 zones into which Mumbai is divided. The increase in rates mostly affects select tony areas like Worli, Napeansea Road, Altamount Road and Carter Road. In 2012, the government had increased RR rates by a maximum 30%.

RR is an annual statement of propert rates based on which the stamps and registration department collects stamp duty from property buyers. The government intends to garner over Rs 20,000 crore in 2013-14.

Tax collection through stamps and registration is the highest source of revenue for the state.

The real estate sector and the ruling and opposition parties had strongly opposed any rise in ready reckoner rates due to the current economic slowdown and deteriorating financial condition of the sector. Property buyers would have to shell out more, as based on the revised RR rates, they would also have to pay higher value added tax, service tax and stamp duty.

Senior town planning officials said the hike in RR is not much compared to the property rates in the open market and contrary to the perception that the economic slump had slowed down property transactions. “Mumbai in fact, saw an increase in the registration of property documents. Over 2.07 lakh property documents were registered from January to November 2013 against 1.98 lakh documents for the same period in 2012. The reason for the hike in registration numbers could be the recent new change in income tax rules of valuing property as per RR rates. Consumers may have seen a benefit in registering their property,” said an official.

Amin Patel, Congress legislator from south Mumbai, said, “I had written a letter to chief minister Prithviraj Chavan requesting that the government not hike RR rates in the current prevailing economic condition as it will ultimately have a negative impact on property buyers. I had hoped the government would change its mind.”

 Source:magicbricks.com

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Sector poised to turn THE CORNER IN 2014-Sanjay Rastogi, Says

Year 2014 may pretty well be considered as the year of real estate maturity. 

    There is an all-pervasive view that after the general election in 2014, REIT, FDI in retail and a number of other funding options for the real estate sector will actually be put in place. 
    Real estate, after all, is a game of market sentiments and those sentiments can be revived within a few months on the back of sound economic fundamentals and market demand. Even foreign investors maintain that Indian economic fundamentals are worth a look—the worry is policy ambiguity which deters serious investors. Realty expert say that the decline in the number of launches will help property owners firm up their rents and also help new sellers in the resale market to demand more in capital value terms. 
    In the New Year, for the first six to eight months, growth momentum may not be the same as it used to be during the boom period between 2006 and 2008. However, economic indicators suggest that the market is poised for growth in the second half of the year after the general election in May 2014. 
    Buyers can be cautiously optimistic about a healthy recovery in the real estate market, as existing conditions favour a long-term investment horizon. While there may not be any corrections, buyers can bargain for some discounts on the quoted rates in new launches. 
    Investors and buyers continue to chase residential real estate assets, especially those properties which are mid-sized and priced reasonably and offer locational advantage and good infrastructure. While there is demand for affordable housing, premium properties too have attracted buyers in prime cities of the Delhi NCR, Bangalore, and Mumbai. However, most of the demand is in the Rs 3,500-5,500 per sq ft segment. 
    The depreciation of rupee provided a good opportunity to the NRI and high-value buyers of property in prime locationswhich improved the sale figures—although the bottom lines remained sluggish due to increasing cost of raw materials. Developers and builders expect development authorities like the Noida-Greater Noida authorities and the Yamuna Industrial Development Authority to settle land-acquisition issues of the farmers of Noida, Greater Noida, and Yamuna Expressway peacefully; this would improve the law and order situation in the area considerably and ensure smooth implementation of the projects lined up in these regions. 
    Rakesh Sharma, director of Antriksh Ideal Group, says: “Going forward, the supply situation will remain subdued due to the deferred completion of a number of new projects and reduction in number of launches across categories. Therefore, residential prices will see marginal increase in 2014. The supply levels are likely to improve in the second half of 2014.” 
    R K Arora, CMD of Supertech Ltd, says: “Year 2013 was a mixed bag of cheers and tears for the real estate industry. The uncertainties and the potential impact of Real Estate Regulatory Bill and Land Acquisition Bill continue to haunt developers, as these come with stringent penalties for delays, which are beyond the control of developers. The good news is the resolution of the land-acquisition issue in Greater Noida West; resumption of work there is music to the ears of developers and flat buyers. The long-standing demand of real estate industry for the central government to grant it the status of industry, which will help developers avail project funds from authorized sources among other things, needs to be addressed without delay in the New Year.” 
    Manoj Gaur, MD of Gaursons India Ltd, says: “The right product for the right market is one loud message coming out of Year 2013, and the developers who have done this research are doing well despite the slowdown. I am hopeful that the year ahead will be better than the current one, especially in the second half of 2014, when there will be clarity on the political and economic front after the general election. A lot is expected out of the next budget—the market sentiments will start changing thereafter.” Rakesh Yadav, MD of Antriksh Group, says: “The real estate is moving in the right direction despite a very stressful year. Policy makers will be forced to take cognizance of the contribution 
of the sector to the Indian 
GDP—it remains to be 
seen whether that happens 
with the next budget or after the election. But what can be vouchsafed is that managing the shortages is not the solution any more. The government has to take investmentfriendly steps to create surpluses now.” 
    Ashok Gupta, MD of Ajnara India Ltd, says: “There is growing evidence that though international investors and domestic investors seemed to target commercial property at the beginning of the Indian real estate boom, residential property is now more in demand. There are a number of reasons for this increase in demand for residential property, many elements of which are likely to continue for some time to come.” 
    Sushant Muttreja, MD of Cosmic Group, says: “While the Indian economy is expected to grow by 5% towards the end of 2013-14, this is well below the mark set during the boom time of recent years. Indeed, the RBI is forecasting that inflation will come down to around 5.3% by end 2014, which seem fairly high, but is certainly a major improvement on the current level of 6.5%. As a consequence, financial institutions are now limiting ready finance for the real estate sector.” 
    Deepak Kapoor, director of Gulshan Homz, says: “It is no surprise to learn that international and domestic investors are now targeting partiallycompleted developments, which only require additional finance to get them over the finishing line. So, taking account of the lack of new developments and the relatively small number of partially-finished developments, this will likely help maintain real estate prices in the short to medium term.” 
    Kushagr Ansal, whole-time director of Ansal Housing, says: “The Indian and Chinese economies have performed extremely well over the last five years or so, especially in light of the US mortgage crisis which impacted economies worldwide. Of late, there has been a slowdown in economic growth, which has perhaps caused many economists to rein in their optimistic forecasts from just a few months ago.” 
    However, the long-term dynamics of the Indian real estate market are still intact—a growing population, an expanding economy, increasing international investment, as well as a humongous middleclass which continues to grow even during these challenging economic times,” Kushagr Ansal says. 
    Rajesh Goyal, CMD of RG Group, says: “There is pent-up demand for a long-term real estate development in India. The economy is starting to improve again and inflation is set to fall significantly, which should ensure a steady long-term progressive Indian real estate market. There may be issues outside of the control of the Indian authorities but the dynamics required to expand the Indian residential real estate sector, as well as the commercial real estate sector, are certainly in place.” Vijay Jindal, CMD of SVP Group, says: “Though the realty sector made a promising start initially, compared to last year, the sentiment dampened due to rise in construction costs and rising rates of land and labour. Added to these woes were economic factors like plummeting rupee, abnormal rise in inflation and overall financial crunch faced by the end users—all of which made realty growth extremely sluggish. Let us hope the coming year brings a ray of hope that is beneficial for developers and buyers.” 
    Rahul Gaur, CMD of Brys Group, says: “Looking forward, the first half of the year 2014 may not be much different from 2013, but the second half promises to change the market dynamics. Developers also seem to have learned their lessons in the last four-five years, which saw the market tumble and started hurting our business. I think this will be a turnaround year for all the stakeholders.” 
    Gaurav Gupta, director of SG Estates, says: “Year 2014 looks to be the year of hope after a dull and average 2013. We hope to get a stable government by the middle of next year and, hopefully, inflation too will ease by March. As the rate of interest is at a peak, from here onwards it is expected to only fall. Also, it is expected that the new government’s policy will be clear on REITs and inflows may start in 2014. This will ease liquidity pressure, especially in commercial real estate.” 


    Kaushal Jain, MD of Arihant Group, says: “Homebuyers have complained about the high price rates of residential property this year, which is why demand did not take off as expected. This led to huge inventory pileup, which developers had to sell by offering freebies during the festive season. At the same time, realty players have also had to grapple with raw material costs as well as other external and internal development charges. The new government must come up with coherent and sustainable policies which will retain investors’ interest in the sector.” 
    Vikas Jain, MD of Sarvottam Group, says: “Year 2013 was full of ups and downs for real estate industry; rising inflation brought real estate to a low point while the land acquisition bill deepened the misery. But at the other end, REIT is a ray of hope for the industry to solve the liquidity crunch while the FDI in real estate could well be the biggest pacifier.” 
    Sanjay Rastogi, director of Saviour Builders, says: “Year 2013 started on a positive note with interesting launches across India and the sector was very much upbeat about a realty boom. But the industry was soon dogged by economic slowdown, falling rupee, escalating property prices, slow progress in infrastructural development and a host of other issues. All these came upon us at once and pulled down all hopes of a revival. Looking at the coming year, we expect some favourable and unbiased policies from the government so that we can bring up affordable housing for homebuyers.”

Source:timesofindia.com

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‘Infrastructure upgrades to activate Noida market’

With over 24 years of experience in the real estate business, Supertech Limited has already delivered more than 33 million sq ft of residential and commercial entities. In addition to the metro cities, such as Noida, Greater Noida, Gurgaon, Ghaziabad and Bangalore, the developer also has a strong presence in smaller cities such as Meerut, Moradabad, Haridwar and Rudrapur. Currently, Supertech has over 75 million sq ft under construction. In conversation with Magicbricks.com’s Nikunj JoshiR K Arora, chairman & managing director of Supertech Limited said that owing to infrastructure upgrades announced by Uttar Pradesh government, Noida realty market will continue to grow in 2014.

What are your expectations from the Noida’s real estate market in the year 2014?

Noida has experienced a period of unprecedented growth over the last few years, which is expected to continue in future also. It has emerged as a well-developed micro market having substantial office and retail space, with commercial activity deepening in its various sectors. Rapid commercial development has led to a spillover of housing growth in and around the region. Also, benefitting from metro extensions, expressways, wider highways and release of land parcels, Noida promises to be a great residential destination in the coming year.

Which areas are expected to see maximum real estate development in 2014? Why?

There has been a lot of development across various sectors in Noida, witnessing healthy absorption trends. Yamuna Expressway is becoming a hub for the real estate market. The projects in the area have received overwhelming response and the fact that the land prices are still low as compared to Noida and Greater Noida makes it a perfect location for investment. Greater Noida West will also be in the limelight for progressive growth of residential and commercial hubs. Great infrastructure, good road network and metro connectivity are the prime reasons that have enticed the buyers and investors to this area.

What will be the impact of the upcoming general elections on the real estate sector in Noida?

Certainly, there will be a temporary setback as the industry will face labour shortage, putting more stress on the developers as well as buyers. After the recent elections in four states, the sales have started improving. We are hopeful that the same will repeat in the forthcoming general elections also and once a new government is formed, the market is expected to improve significantly.

Which locations in the city witnessed maximum launches in year 2013? Why?
Owing to the presence of abundant land parcels and competitive affordability, project launches were concentrated in Greater Noida West and Yamuna Expressway in comparison to prime locations of Noida where land is scarce and costly.

Any infrastructural development that had a positive impact on the real estate sector in the city in 2013?

Many infrastructural developments took place during the year but the biggest developmental kick was the announcement of 12 projects worth Rs 3,337 crore by Uttar Pradesh government to develop infrastructure across the state. The projects encompass Noida, Greater Noida and the Yamuna Expressway. Also the proposal of a new metro rail network between Noida and Greater Noida will further boost the area’s realty market.

Did you launch any new projects in 2013? If yes, where? Have you given possession of any of your projects in 2013?

While we launched residential projects Araville and 48 Canvas in Gurgaon, Albaria and King Towers in Greater Noida (West), Golf Village, Disney Inspired Fable Castle in Yamuna Expressway and River Crest in SIDCUL Rudrapur during the year, we gave possession in Supertech Livingston-Ghaziabad, 34 Pavilion – Noida, Palm Greens/Meerut Sports City – Meerut and Czar Suites – Greater Noida.

What includes your wish list for the real estate sector in 2014?

Government agencies should settle the issue of farmers in Noida to ensure smooth implementation of projects; Real estate should be given the status of ‘infrastructure’ by Central Government to avail funds from authorised sources; Clarity on policies concerning special economic zones, land acquisitions and certain taxes and single window clearance to fasten the approval process.

Source:magicbricks.com

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NRIs look to Gurgaon flats for bumper returns

If you get to choose between buying a beach house in Florida and an apartment in Gurgaon, what would you prefer? While the great American dream may seem like obvious choice to many, the dollar-rich expatriates think other way around.

The reasons are quite simple – higher rate of appreciation, better periodical returns on investment and a consistently-weak rupee. No wonder, the non-resident Indians (NRIs) are preferring to invest in Gurgaon over international destinations. On one hand, most international property markets are still struggling to recover from the impact of recession, on the other Gurgaon has managed to grow consistently over the last decade.

“We were lucky to have invested in a flat in Orchid Petals back in 2003. The property that we had brought for Rs 49 lakh is now worth Rs 1.8 crore. All the property we had brought in the USA has gone through devaluation. If we were to sell anything today, we will not even be able to our original investment back,” said Malay Mondal, an IT professional who works with Apple Inc in Chicago.

Property agents and consultants say calls from NRI clients have shot up again ever since the fall in the value of rupee. “We get three to four genuine calls from Indians living abroad who want to invest in Gurgaon’s upcoming projects every week. We also get calls from those who want to buy apartments to shift back home,” said Ajay Midha of Ray White, a global property management company which has recently set-up shop in Gurgaon.

The advantage of weak rupee, however, is not there for short-term investors. “Even if NRIs buy more property here now, they would have to wait to sell them till the recovery of rupee,” said, Avinash Piplani, a property agent.

The leading property dealers in the city have special teams dedicated to NRI investors.

 

“For us, it’s almost like managing an investor-portfolio. We provide our clients end-to-end services. It’s not just about selling a property, but also about maintenance, getting tenants and resale. Most of the NRIs showing interest in the Gurgaon properties are living in USA and Australia.

 

Source:-magicbricks.com

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Building infrastructure at NH-24

With infrastructure upgrades such as widening of NH-24 and the upcoming metro, the linkages between Delhi, Ghaziabad and Noida are expected to improve leading to real estate growth in these areas.

Infrastructure is the basic physical and organisational formation that is essential to set up a developed and inhabitable society. It is the set of interconnected structures that provide a framework for urban civilisation that helps facilitate smooth functioning of the economy. It comprises of well crafted network of roads, bridges, flyovers and foot-over-bridges (FOB), water supply, sewer system, electrical grid and telecommunication, which has now become synonymous with NH-24.

Infrastructure development at NH-24 has emerged as a quintessential example of modern day, with smart connectivity, wide communication network and growing IT/ITeS for employment, that suits the needs of the urban society. With the advent of authorities such as Ghaziabad Development Authority (GDA), Nodia Authority, NHAI has possibly made connectivity, flyovers and FOB available to a substantial population that seeks homes around Ghaziabad, Noida and Greater Noida. One of the most positive developments along NH-24 has been the plan to widen the 21-km stretch from UP Gate to Dasna, into an eight lane corridor.

Proposed Metro connectivity is another major factor that has the potential of changing the face of infrastructure. It will not just help commuters to travel but also resolve the problem of congestion on roads because of traffic. Once the plan gets a green signal, the metro line will further be connected to the Indira Gandhi International Airport, which will furthermore appreciate the value of property in and around the area.

The proximity to the established residential and industrial corridors of Noida and Ghaziabad and accessibility to Delhi have been major factors that led to real estate developers showing interest here. Such advancement in infrastructure alone has led many developers to come up with a host of residential projects. Thus, there has been a surge in the project launches. From affordable to luxury, areas such as Ghaziabad, Noida, Greater Noida and Greater Noida West have projects to suit varied categories.

With improving connectivity and communication between Delhi, Ghaziabad and Noida, the real estate along the Highway and Expressway has become the latest fad across the region. Since the area has witnessed a number of budding IT, ITeS and other industries providing job opportunities for professionals, these areas have caught the attention of the young work force and entrepreneurs who have to travel far and wide for work. Thus, infrastructure and the improved links between diverse regions are of prime importance for any society to be a livable society.

Source:-magicbricks.com

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NCR board upholds building curbs in Aravalis

The Haryana government’s proposal to do away with the restriction on property construction activities in ‘conservation zones’ across the National Capital Region was turned down by the planning committee of the NCR Planning Board on December 20.

Conservation zones cover forests such as Aravalis and water bodies, including the Yamuna bed and natural lakes like Damdama, Badkhal, etc.

Environment activists had opposed to Haryana’s move to delete the clause from regional plan which restricts construction activity to only 0.5% of owned land – that is, only 20 sq m in an acre. TOI has done a series of articles exposing the Haryana government’s move highlighting how this could give a body blow to the ecologically sensitive areas including Aravali and Yamuna riverbed.

Multiple sources confirmed TOI that Haryana’s proposal faced objection from people including officials who attended the planning committee meeting on December 20. It was attended by top officials from Haryana, Uttar Pradesh, Rajasthan and Union urban development ministry. “The deleted clause in the draft regional plan will be brought back since one of the main thrust of revising the plan is to make the region sustainable,” said an official who was present in the meeting.

The original plan 2021 says that recreational activities with no construction exceeding 0.5% of the area are allowed with the permission of the competent authority.

Though officials did not spell out what would be the relaxation for more construction since Haryana has planned a mega tourism complex on 500-acre in Mangar area, sources said that there could be a provision under which the state government has to take statutory forest and environmental clearances from the Central government. “These are tough conditions. The minutes of the meeting will bring more clarity on all these issues,” said an official.

However, those fighting for conservation of Aravali forests opposed any relaxation to allow construction in conservation zones. “Construction and conservation are either-or activities. Even a half acre farmhouse will lead to fragmentation – as construction will lead to roads, electricity and more construction. The revised regional plan 2021 should be unequivocal in zoning the natural conservation zones as no-construction zones, in which change of land use are not issued,” said SS Oberoi of Mission Gurgaon Development.

Earlier documents obtained by Oberoi under RTI had exposed Haryana’s move at the NCR Planning Board meeting on June 4, 2013. According to the minutes of the meeting, “Financial commissioner and principal secretary, town and country planning department, government of Haryana suggested that natural conservation zone [para 17.5.3 (iv)] relating to regional/ recreational activities, restricted constructions of 0.5% may be deleted.”

Source:-magicbricks.com

 

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Invest in luxury homes to yield higher returns

Noida

Locations such as Noida, Greater Noida,  Expressway and Delhi NCR, have carved a niche for themselves as locations offering luxury homes above Rs 5 crores. However, do these properties have the scope for appreciation from the investment point of view? “Luxury and ultra-luxury projects yield much higher returns than projects geared towards the affordable and mid-income segments, the luxury segment in India is moving at a pace of 35 per cent per year.”

Are developers also focusing on this segment of housing? “Ultra-luxury projects have a tendency to garner extremely good presale volumes and therefore, their developers are generally able to secure significant fund flows to capitalise on the completion of their projects. While it is true that the input costs for luxury housing are high, the developer stands to benefit from the increased visibility of his brand among highly affluent, top-end clients.”

Offering state-of-the-art amenities such as double height living rooms, private pools and gymnasiums, these homes attract the island city’s well-heeled professionals and businessmen. These homebuyers are willing to pay a high price for luxurious apartments or penthouses, located in the most affluent locations in Noida. In most cases though, the major advantage of paying such a high premium is the freedom that the homebuyers get to customize their homes according to their choices and requirements.

Saviour Builder is a leading company in India. They offers residential ,township, commercial project in Noida and Greater Noida etc.

“The high price tag for luxury homes is justified through facilities such as customization of interiors, wall finishes, flooring, bathroom fittings and concierge services. While there is a standard design of apartments, nearly 80 per cent of the clientele, opts for customization and does not mind paying an added amount for it.”

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NCR market: Sluggish, but stable

Of the top eight cities, the National Capital Region (NCR) saw the least number of units being launced, which stood at 38,000 this calendar year. The decline, when compared on an all-India basis was 33 per cent year-on-year.

The mid-segment, in the NCR registered the highest number of units launched at approximately 26,000, followed by the affordable segment which saw launches of approximately 25,000 units. Viewed on a segment-wise basis, both categories saw substantially reduced numbers with the affordable segment slipping by 29 per cent and the mid-segment by 37 per cent over the previous year.

There were no launches in the luxury segment. Also all the launches were divided between Noida and Gurgaon with Delhi not witnessing any new housing unit launches this calendar year.

Following the trend in 2012, more than 90 per cent of the new launches in 2013 were in the affordable and mid segment. While the first half of calendar 2013 saw launches primarily in the affordable and mid segment with marginal (2 per cent) contribution from the high-end segment, the second half on the other hand witnessed 18 per cent of the total launches in high-end segment.

In the current economic scenario both buyers and developers are taking a cautious approach not only towards residential real estate but across all asset classes of real estate. However, given that most aspects of development such as construction cost, development cost, cost of land, time taken for approval and cost of debt all have been on an upward tangent developers have not been able to lower costs.

Capital Values

Over the past year Delhi locations have registered a decline in capital values while Gurgaon and Noida witnessed appreciation due to relatively lower ticket size and new project launches which offered construction linked plans as opposed to ready properties in Delhi locations. The high-end segment in NCR markets of south west, south east and luxury category in Gurgaon all saw a decline in capital values to the tune of 5 7 per cent over the last year mostly on account of achieving already high values which in the current market scenario looked unsustainable.

Due to pile of inventory and cautious buyer sentiments prevailing in the market amidst sluggish sales, the rental and capital values for high-end properties in Gurgaon saw a quarter-on-quarter decline by 3-12 per cent in calendar 2013 over the last quarter. The city saw reduction in investor activity with most enquiries generated by end users due to high gestation period of return and price points.

Demand & Supply

The total estimated demand for housing in top eight cities of India is pegged at 2.9 million square feet of which NCR is expected to generate the highest demand of 7,70,000 units mostly for mid-range and high-end segments in the period of 2013-2017. In the same time frame, the expected cumulative supply is expected to be around 6,00,000 — the demand- supply gap is expected to be approximately 22 per cent over the period. Some of this projected demand in the 2013-14 is expected to be met through the unsold inventory currently existing in the suburban and peripheral locations.

The gap between fresh demand and supply is expected to see an incremental expansion as supply will fall short on account of economic, regulatory and political scenario. However, some of the demand in the next couple of years can be met through the existing vacant stock.

In addition to the fresh supply, The New Delhi Master Plan 2020 is expected to unlock 66,000 hectares of land within New Delhi which is expected to largely cater to the residential sector. Thus new micro markets for residential development are expected to come up, it is yet to be seen in what proportion and configurations will these units will be created. While demand for housing units will grow proportionate to the rise in population, supply is expected to be less aggressive in the short to medium term. New regulations like the Land Acquisition Act and the real estate regulatory bill which are expected to come into force in the next few quarters will affect supply positively.

Source:-indianrealtynews.com

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Realtors expect positive sentiment from RBI policy

Real estate developers and property consultants have hailed Reserve Bank of  India’s (RBI) decision to not raise the key policy rates, saying that the bold move by the apex bank would infuse positive sentiments in the property market.

RBI surprised the markets by leaving key policy rates unchanged, notwithstanding persistent high inflationary pressure. Developers hoped that RBI would soon be able to cut policy rates as inflation is expected to ease.

Commenting on the policy, DLF Group Executive Director Rajeev Talwar said: “It’s a welcome step. This is the first sign of recovery. If government can release food stocks to contain food-based inflation then possibly in coming time RBI may be able to take more steps for recovery of the economy.

“RBI governor has taken a bold step by keeping the rates flat,” he said.

Jones Lang LaSalle India Chairman and Country Head, Anuj Puri, termed RBI’s decision as good news for the realty sector at the end of the year.

“It is positive for the real estate sector as there was anticipation of increase in the interest rates, which would have been damaging for the sentiments of buyers,” Puri added.

Parsvnath Developers Chairman Pradeep Jain said the RBI has “acted wisely” by keeping the key rates unchanged.

“Though there was pressure to raise the rates due to the recent rise in WPI inflation , still the apex bank managed to handle it and held the rates at 7.75 per cent. This will give a positive signal in the market.”

Jain said he expected RBI to cut the key rates if inflation number comes down.

CREDAI-NCR President Anil Sharma said the RBI has “sweetly surprised” both the experts and industry players with its bold decision.

“We, at CREDAI-NCR, could not have asked for more given the high retail inflation of more than 11 per cent. The bold move by the RBI has infused positive sentiments in not only real estate sector but also other sectors of economy,” Sharma, who is CMD of Amrapali Group, said.

The consistent efforts of the RBI have already stabilised rupee against dollar, besides providing short term liquidity support to push growth simultaneously, he added.

“Experts are already expecting inflation to ease following arrival of winter crop in the wake of normal monsoon. Though the real estate developers’ community will have to wait little longer to see interest rates dipping, but given the right intentions of the RBI, we are confident of flawless run of growth thereafter,” Sharma said.

SARE Homes Executive Director David Walker welcomed the RBI’s step and hoped that the incoming data in the next months would support a moderation in the rate of inflation which could then lead to lower interest rates.

Source:-Businesstoday.com

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Office space leasing up marginally in NCR despite slowdown

NEW DELHI: Office space absorption in NCR, the largest office market in the country, is slightly higher at 4.9 million sq ft during January-September period of this year despite economic slowdown in India as well as globally, according to property consultant Knight Frank.

In the first nine months of 2012, office space absorption stood at 4.8 million sq ft.

The NCR (national capital region) office market has remained rock solid amidst economic woes. The fact that office space take-up during the first nine months of 2013 has marginally exceeded that of the same period in 2012 clearly indicates strong fundamentals in the NCR office market.”

Gurgaon remains at the forefront of both new office space and absorption in the market, the consultant noted.

“Considering the current run rate of transactions and the level of pre-commitments, total absorption for the current year is likely to be in the range of 6.3-6.8 million sq ft. This is commendable given the weak global and domestic economic scenario,” the report said.

The consultant projected that the total absorption for the current year would marginally exceed the 2012 level.

“NCR is the largest office market in the country with an operational stock of 118 million sq ft of wh ..

The consultant attributed the upward movement in vacancy due to an additional 20 million sq ft of office space in the year 2010 and 2011.

Knight Frank pointed out that even though there has been remarkable improvement in occupiers’ interest this year, absorption levels still fall short by 20 per cent compared to 2011 when nearly 5.8 million sq ft of space was taken up.

A total of 173 transactions were recorded during January- September 2013 as against 163 transactions during the same period in 2012. The weighted average rental value stood at Rs 53/sq ft compared to Rs 56 in the year-ago period.

Majority of these big transactions took place in Gurgaon, clearly showing a preference for the market. Simultaneously, there was a notable rise in the number of smaller transactions with an area less than 5,000 sq ft due to increasing non-IT transactions.

Nearly 30 per cent of the absorption was contributed by the IT/ITeS sector which accounted for 1.5 million sq ft of office space during the first nine months of 2013, which is a substantial dip of 51 per cent compared with the same per iod in 2011.

On future outlook, Knight Frank said that leasing activity is expected to witness moderate improvement as corporates align their real estate strategies towards consolidation and relocation for cost benefits.

“Rental values are expected to move in narrow ranges as demand remains buoyant and supply is constrained especially in select micro-markets of Gurgaon,” the consultant said.

Source:-Economictimes.com

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Realty sector welcomes home loan rate cuts by SBI, HDFC.

MUMBAI: Welcoming the 0.25 per cent rate cut by two of the biggest home loan financiers SBIBSE 1.24 % and HDFC, realty sector participants today said the move will help revive interest in the gloomy market. 

 “This is a positive move to boost property sales and spur industry growth. Home buyers who were earlier waiting for rates to come down will now certainly look at buying their dream homes,” industry body Confederation of Real Estate Developers Association of India (Credai) Chairman  .. 

 The home loan rate cuts from certain banks have occurred after nearly a year, and will augur well for investment sentiments in the market,” property consultant CBRE South Asia’s Chairman and Managing Director Anshuman Magazine said. 

 It may be noted that the residential sector had suffered a major set back due to increasing home loan rates, which had forced buyers to postpone their home buying decision. 

 Magazine also welcomed Reserve Bank’s move to hold on to its key rates despite the high inflation, which resulted in the rate cut announcement by SBI and HDFCBSE 3.05 % last evening. He said the move is a positive signal for the investment climate. 

 SBI, the country’s largest lender, first announced a rate cut of 0.25 per cent in its home loan rates yesterday, forcing HDFC, the second biggest home loan financier, to respond. 

 The move came a day after the Reserve Bank of India kept its key policy rates unchanged. The short-term lending rate was kept unchanged at 7.75 per cent, while the cash reserve ratio ( CRR) remained at 4 per cent. 

 According to watchers, the lenders were also enjoying a reduction in provisioning for some time, which will now get passed on. 

 SBI home loans will now be available under two slabs — under Rs 75 lakh and above Rs 75 lakh. SBI loans of up to Rs 75 lakh would now be available to fresh borrowers at 10.15 percent as against HDFC’s 10.25 per cent. 

 SBI has also given an additional concession of 0.05 per cent to women borrowers, after which the borrowing rate will be 10.10 per cent for home loans of up to Rs 75 lakh. 

 Source:-Economictimes.com

 

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Good News for the decerning end-users

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Source:-Hindustantimes.com

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Price Hike Spoile Sale

 

 

 

 

Saviour Builders

 

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कीमत बढ़ने से मांग और बिक्री में कमी आई हैं -संजय रस्तोगी

Sanjay Rastogi

 

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Realty sector happy with unchanged repo rates, hopes for cuts in 2014

In the current scenario, where Indian real estate market is struggling with low sentiments, Reserve Bank of India’s (RBI) decision to keep the key policy rates unchanged, has surprised the real estate developers and property consultants. The rates had increased in the last two quarters and this somewhat contributed to the sluggishness of the real estate market. However, it seems that the decision to keep the rates unchanged this time, would infuse some positivity in the property market. In a recent decision, RBI kept the repo rate unchanged at 7.75 per cent, reverse repo rate at 6.75 per cent and the cash reserve ratio at 4 per cent.

“I think RBI has acted wisely by keeping the key rates unchanged. Though there was pressure to raise the rates due to the recent rise in Wholesale Price Index (WPI) and inflation. Still, the apex bank has managed to handle it and hold the rates to 7.75 per cent. This will give a positive signal in the market. We are confident that with a decrease in WPI and Consumer price index (CPI), RBI will also cut the key rates and bring it below 7 per cent by the next review. This is indeed a welcome step by RBI and will boost market sentiments,” says Pradeep Jain, chairman, Parsvnath Developers.

CREDAI-NCR President Anil Sharma says the RBI has “sweetly surprised” both the experts and industry players with its bold decision.

“We, at CREDAI-NCR, could not have asked for more given the high retail inflation of more than 11 per cent. The bold move by the RBI has infused positive sentiments in not only real estate sector but also other sectors of economy,” says Sharma, who is also CMD of Amrapali Group.

The consistent efforts of the RBI have already stabilised rupee against dollar, besides providing short term liquidity support to push growth simultaneously, he adds.

“Experts are already expecting inflation to ease following arrival of winter crop in the wake of normal monsoon. Though the real estate developers’ community will have to wait little longer to see interest rates dipping, but given the right intentions of the RBI, we are confident of flawless run of growth thereafter,” Sharma said.

Developers are hopeful that RBI would soon be able to cut the key rates. Abhay Kumar, CMD, Griha Pravesh Buildteck Pvt Ltd says, “I understand that real estate sector is in urgent need of rates cuts, but looking at the current micro and macro economic conditions, RBI’s step is justified. We are confident that if economy evolves, RBI will definitely announce some rate cuts in future.”

With this decision, RBI has certainly given developers and property consultants a real reason to cheer the new year.

Source:magicbricks.com

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Commercial property: Opening up to retail investors

Buying an office or retail space is a huge investment, which is why commercial realty has been traditionally seen as an asset class that only institutional investors or high net worth individuals could invest in. That, however, is changing. Many retail investors are now getting into the office real estate game.

For a perspective of the opportunities in Indian commercial real estate, consider this – Manhattan in New York has 450 million square feet of Grade A stock, while London has 200 million square feet. In comparison, India’s collective office space stock accounts for only 375 million square feet. This showcases the long-term potential for office space at all levels in India. The next few years will see a spurt in the services and knowledge sector, opening up opportunities for the retail investor.

INVESTMENT ROUTES

There are three ways to invest in commercial real estate: directly buy office space from a developer, buy stocks of a developer in the commercial realty space, or invest in a real estate fund focused on commercial real estate.

As the quantum of investment is usually huge, the buyer needs to take informed decisions. Another option, real estate investment trusts (REITs), is expected to be opened up shortly by the government. REITs are pooled investment entities where the corpus is invested primarily in completed, income -yielding real estate assets and distribute a major part of the income generated among their investors.

Many developers, especially in cities such as Mumbai, are today offering smaller units (as small as 500-1,000 square feet) in Grade A buildings given the higher vacancy and pressure on pricing. This is in sharp contrast to the scenario a few years ago, where only larger units were available – making it tough for a small investor. Investors considering retail space can now look at a multitude of affordable options in free-standing high street outlets or shops in malls. The advantages of smaller units are two-fold: it is easier to find tenants, and the premises can also be used by their owners. Today, professionals like doctors, auditors, stock brokers and lawyers are buying commercial properties for investment and

Source:financialexpress.com

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Why to go for green buildings in future

With Green Buildings you will see extraordinary diminishments in your operational cost requirement and rapidly recover the cash you contributed and see a long haul of investment funds.

A green building takes progressively in advance however spares more level working expenses over the life of the building. The green building approach applies a task lifecycle required examination for figuring out the suitability in advance consumption. This explanatory system computes the initial finances over the functional life of possession.

A few profits, for example, change in inhabitant health, solace, gainfulness and decrease in contamination and landfill waste, are not effortlessly quantified. Hence, they are not satisfactorily recognized in expense profit dissection. Therefore, setting aside a little partition of the building plan to take care of differential expenses connected with less unmistakable green building profits or to blanket the expenses of inquiring about and examining green building choices might as well additionally be recognized.

There are a numerous benefits that you can get a charge of if you have a green building. With green buildings you will see extraordinary diminishments in your operational cost requirement and which are set to rapidly recover the cash you contributed and you will see the long haul of investment funds. Presently you can utilize that cash for different things furthermore to your utility bills.

Since vigor expenses are at an unsurpassed high, the minimal effort of working and the simple support of the green building will make for a much more level opening rate plus much higher property estimations.

The green buildings have control of temperature and ventilation plus expanded characteristic lighting. This traces back to a tremendously enhanced representative participation and health. It has been discovered that the upgrades to your indoor surroundings brings down your medicinal service requirements as well as your work misfortunes.

Another benefit is related to the productivity of workmen that you employ while operating from a green building. Their output will be much better in view of the positive indoor ecological conditions. They will be wiped out substantially less regularly and will have an improved feeling of well-being.

Studies have demonstrated that there are better deals in building with additional common light and you will uncover that numerous retailers are now utilizing more day lighting as an exertion to get bargain profits.

Source:magicbricks.com

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Flat buyers spared service tax on maintenance fee

Home buyers have something to look forward to in an otherwise dull property market. The customs, excise and service tax appellate tribunal recently held that they will no longer have to pay service tax on the one-time maintenance charge (deposit) paid to builders at the time of booking a flat.
 “The impact of indirect taxes on home buyers is very high. So, this order will, to an extent, help buyers save 12.36% (service tax) on the amount of the deposit paid,” said Sagar Shah, head (indirect taxes), BDO India.
 The one-time maintenance charge includes a flat owner’s share in the common electricity bill, lobby and water charges in a housing complex . The charge varies according to the project, amenities, use of property (whether for commercial or residential purpose), the city as well as the location and other such factors.
 Realty check
 Buyers won’t have to pay 12.36% service tax on one-time maintenance fee paid to builders. Developers have to keep records and refund the balance once housing society is formed.
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भवन निर्माताओं के लिए एक खुशखबरी

भवन निर्माताओं के लिए एक खुशखबरी
नवयुग मार्केट :
भवन निर्माण में अधिक  समय न लगे इसके लिए प्री-फेब्रिकेटेड टेक्नोलॉजी को इस्तेमाल में लिया जा रहा है। बुधवार को गाजियाबाद प्राधिकरण में एक कंपनी ने इसका प्रदर्शन कर बताया की  किस

तरह से तेजी से मकान का निर्माण किया जा सकता है। इस मौके पर कंपनी की तरफ  से बताया गया कि इस टेक्नोलॉजी से बड़ा से बड़ा निर्माण कार्य भी  एक महीने में पूरा हो जा सकता है ।

क्या है प्री-फेब्रिकेटेड टेक्नोलॉजी :

गाजियाबाद प्राधिकरण के  वीसी संतोष कुमार यादव ने बताया कि इस टेक्नोलॉजी में भवन निर्माण के लिए इस्तेमाल होने वाले पार्ट्स को अलग से वर्कशॉप में पहले ही तैयार कर लिया जाता है। इसके

बाद उन्हें वहां से लाकर कर दिया जाता है और कंक्रीट से फिक्स कर दिया जाता है। मसलन, कोई मकान बनाना है तो उसकी दीवार, कॉलम, छत आदि अलग-अलग पार्ट में लाई जाएगी। इंजीनियर

मौके पर उसे कंक्रीट से फिक्स कर देंगे। उनमें बिजली, वॉटर सप्लाई, आदि सिस्टम के लिए पहले से ही व्यवस्था होती है।
नई टेक्नोलॉजी की जानकारी जरुरी
गाजियाबाद प्राधिकरण वीसी का कहना है कि विकास प्राधिकरण का कार्य भवन निर्माण आदि से सीधे तौर पर जुड़ा है। सिविल इंजीनियरिंग क्षेत्र में आ रही नई टेक्नोलॉजी से इंजीनियरों को रूबरू होना

जरूरी है। भवन निर्माण क्षेत्र में आ रही नयी  टेक्नोलॉजी की जानकारी गाजियाबाद प्राधिकरण के इंजीनियरों को भी हो। इसमें से नई टेक्नोलॉजी का किस प्रोजेक्ट में यूज किया जा सकेगा ।

Source:-propertysansar.com

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Office space sales could improve next year

The commercial real estate market has been down in the dumps for a very long time. Slower economic growth has led to an overall decline in expansion by companies which have resulted in falling demand for office space in the past two years. But the next year could well see an upswing, thanks to some recent developments.

Real estate consultancy Cushman & Wakefield (C&W) expects the absorption rates to improve in the top eight cities for the next four years – from 22.55 million sq ft in 2013 to 28.11 million sq ft by 2016. It expects a fresh supply of 143 million sq ft (of office space) to come into the market by the end of 2017, in value possibly equal to the Mumbai or Delhi NCR market.

“Currently, there’s oversupply, which the market will take some time to absorb. We will see steady revival from the second half of next year if a stable government comes into power,” says Ravi Ahuja, Executive Director at C&W.

The sharp depreciation of the rupee may have alarmed many, but it has also had the unintended effect of benefiting IT and ITeS companies. These are also the biggest users of office space – nearly 75 per cent in the country.

“Currency devaluation has made our IT companies more competitive and there are expectations that India will get more outsourcing work,” says Anshuman Magazine, Chairman and Managing Director (South Asia), CBRE. More outsourcing translates into more employment and greater demand for office space.

Also, unlike financial services, pharma and FMCG sectors, which drove the demand for office space in recent years, the IT and ITeS sectors depend much less on the domestic economy.

Experts say the demand for commercial real estate is more closely linked to economic growth than that of the residential segment. India’s decade-low GDP growth of 5 per cent in 2012/13 has directly affected the demand for commercial realty this year. Corporate houses are looking at more efficient use of existing space and increasingly considering relocation to bring down real estate costs.

In the quarter ending September 2013, less than 3 million sq ft of office space entered the market, a drop of over 75 per cent compared to the previous quarter and 50 per cent compared to the corresponding quarter last year.

Regulatory changes and attractive prices are also favouring the revival. For instance, the rate (around Rs 23,400 per sq ft) PE giant Blackstone Group paid to buy Express Towers in South Mumbai last week is much lower than the prevailing property rate in the area. A stone’s throw away is NCPA Apartments, which despite being a residential complex, has a minimum price of Rs 1 lakh per sq ft.

“Office rentals across the country have fallen 15-20 per cent in the past 30 months. Some investors are having a field day because of the low prices. When the economy turns around, they will reap benefits for the next few years,” says Ahuja.

In August, the government relaxed norms pertaining to special economic zones (SEZs) which are also likely to give a big boost to the commercial property market. Under the new regulations, the minimum land requirement to set up SEZs across different categories – sector-specific and multi-product – has been brought down significantly, as developers face issues in both acquisition and financing while trying to procure large pieces of land.

Source:-businesstoday.com

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How to be successful in real estate investing

Real estate investment is capital intensive. For an investor, it is imperative to take account of certain aspects before taking the decision, which has long term implications. Here is a snapshot of some of the most important aspects.

It is very important to have local knowledge of the area that one is investing in and also the future prospects of the area.

The Master Plan of the city is also very critical. Evaluating this document can help plan the property transaction in a strategic manner. This document provides a glimpse of how the area will develop in future.

After the locality-level research, it comes down to the project. You must check the developer’s track record and quality of the previous projects which have been completed.

The real estate market in India is still not very organised and structured. One has to make sure the developer has all the necessary permissions in place, and the Commencement Certificate has been obtained to start construction.

If you are investing in a plot, it is imperative that you conduct a thorough title search. Many times an investor lands up burning his fingers in the bargain!

One should always check if the project has a nationalised bank approval for mortgage. In doing so, most of the checks and balances are done by the bank.

It is desirable that an investor engages a lawyer in the transaction. Even the Sales Purchase Agreement (SPA), which the buyer signs, needs to be carefully read and evaluated, from both commercial and legal points of view.

Mostly, people just sign on this legally-binding document blindly. Things only go bad by the time they realise what they have agreed upon. By that time it is too late.

When taking a bank loan also one has to be careful about all the clauses of pre-closure, rate of interest – whether floating or fixed, repayment schedule, etc. Mortgage is a very important factor in the property purchase, so here again professional help is required before one signs up with a bank.

An investor must also be aware about what happens if the project is not ready for possession by the stipulated date.

At present it is a buyer’s market. Thus, there is a good scope for negotiation. The buyer can negotiate for cash discounts and waivers. One may also get a few freebies included in the pack while negotiating the deal.

Source:-Gharabari.com

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Precast method catches fancy of realty firms in NCR.

Over a hundred members of CREDAI from various states like Madhya Pradesh, Maharashtra, Andhra Pradesh, Karnakata, among others, while visiting the UP-NCR showed surprise as to how low-cost housing was being made possible by developers of the region. The delegation, while visiting various sites, were told that even though the region is close to the national capital, the soaring land prices were offset by using precast technology to build houses.

Meanwhile, realtors from other states noticed that Delhi-NCR developers are building high-rise towers without any gap between them. “Builders should ensure that enough gap remains between two towers so that sunlight can enter into houses and in case of fire aid can be rushed,” said Jaiveer Reedy, a realtor from Hyderabad.

The team first visited Jaypee Group site in Noida, followed by Crossings Republik in Ghaziabad. In the last leg, realtors saw India’s largest precast construction manufacturing unit in Greater Noida (West). The unit, which makes pre-fabricated construction structures like wall, slab, beam and pillars, etc, is managed by Supertech Group on area of 60,000 metres in Sector Ecotech-16.

Realtors appreciated that with precast German technology, construction can be sped-up to a great extent in comparison to the traditional mode. RK Arora, CMD Supertech and vice-president CREDAI (west UP) said this technology will benefit 50,000 homebuyers in the first phase of its use.

Another developer of the UP-NCR said they are helping other players in the industry for construction of high-rise, low-rise, villas, townships and many more structures. “The main advantages of precast technology are quality, speed of construction and a value-for-money product,” said Anil Sharma, CMD Amrapali group.

“The use of such technology helps in saving up to 64% of the time taken for similar projects using normal construction methods and technology,” said Amit Gupta of Assocham.

Source:-magicbricks.com

 

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Where to find affordable properties in Delhi NCR

Finding a home that is affordable and is right in budget is everybody’s dream. Especially, the people migrating from all over the country to the national capital in pursuit of good education and job opportunities want a home for their families to live in. where to find homes in and around Delhi within the budget of 35 lakhs? On Magicbricks.com’s forum, OpenHouse, the experts have talked about several localities where finding homes in a restricted budget is possible. Here are a few localities and what our experts say about them –

Property in Noida extension and Greater Noida

In the budget of Rs 35 lakh, you shall indeed consider Noida Extension and Greater Noida for both end use and investment purpose. These are the areas which are expecting major boom, due to the supply of affordable houses here. These localities are also slated to get metro connectivity in the coming years. For the investors too, these areas are likely to perform well in terms of capital appreciation.

An expert suggests buying studio apartments on the Yamuna Expressway, which has become quite popular since the coming of the Formula One racetrack there. These studio apartments are small in size and are ideal for investment. These studio apartments can house a small family. “In the budget of 35 lakh, you can buy three small size (520 sq ft) and in two years (almost exact), you can sell them at 40 lakh each,” says Vinod Chaudhary, expert at Open House.

“You have several options in Noida Extension, Greater Noida and Bahadurgarh. Property Rates in Noida Extension and Bahadurgarh are around 3000 to 3300 per sq ft. however, in Greater Noida, the prices are around 3800 to 4500 per sq ft. You can get 2 BHK in resale in Noida in latter sectors,” says Gurpreet Singh, partner, Sachdeva Associates.

Property in Ghaziabad

Ghaziabad has a lot to offer for those who are looking for a home that is in the budget. Also, for the investors, who are expecting good returns in a specific period of time, properties in Ghaziabad have a potential. “There are several options in flats, such as Crossing Republik, Gaur City, Wave City Center,” says Vinod Chaudhary, expert at Open House.

Also, Rajnagar Extension in Ghaziabad, near Indirapuram and Vasundhra, offers various 2BHK and 3BHKs in 40-lakh budget. “Rajnagar Extension is a developing locality in Ghaziabad and has connected roadways, railways and metro station,” an expert comments on Open House.

Property in Gurgaon

In Gurgaon, areas near Dwarka Expressway, New Gurgaon and Golf Course extension road are developing fast and are attracting both end users and investors. Due to the infrastructure developments in these areas, the properties here are likely to fetch high returns. “In Gurgaon, sectors towards Golf Course Extension road seem better choice,” says Pramod Aggarwal, executive director, Microtek Infrastructure Pvt Ltd.

 

Source:-magicbricks.com

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Online real estate business growing over 100% annually

The online real estate portals have been able to garner around three per cent of the total industry transactions and eastern region was fast catching the trend.

“The market share for on-line real estate market was 0.5 per cent 2-3 years back and now it has grown to 3 per cent,” India Property Online Regional Manager (East) Srinivas Verma said.

The share of eastern India on the online medium for property transactions was low compared to west, north and south.

“It is low compared to other regions, but the same is growing at a healthy pace,” Verma said.

He said though the share of online in the total real estate market was small, “but we are hopeful that it will grow sharply with the awareness we are aiming at.”

The company, which managed the online property portal indiaproperty.com was running its first property show — Grihapravesh here.

“We expect booking from this fair to be around Rs 20 crore,” Verma said.

He said at the time when the sector was under stress such events bringing both buyers and developers helped in decision making by potential buyers.

Source:-financialexpress.com

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दिल्ली-एनसीआर में बढ़ेगी घरों की डिमांड

नई दिल्ली/बेंगलुरु/मुंबई।। बजट में फर्स्ट टाइम होम लोन लेने वालों को इनसेंटिव के एलान से बिल्डर्स खाली घरों के तेजी से बिकने की उम्मीद कर रहे हैं। इससे खासकर 30-40 लाख की कैटेगरी में घरों की डिमांड बढ़ेगी।

बजट प्रपोजल के मुताबिक, 25 लाख रुपए तक के लोन पर इंटरेस्ट में 1 लाख रुपए तक का एक्सट्रा टैक्स डिडक्शन मिलेगा। देश भर में 5,83,513 अनसोल्ड अपार्टमेंट्स हैं। इनमें से करीब 39 फीसदी 35 लाख रुपए से कम के हैं। प्रॉपर्टी रिसर्च फर्म लायसेस फोरास के मुताबिक, नेशनल कैपिटल रीजन (एनसीआर) के 50 फीसदी अनसोल्ड अपार्टमेंट्स इस सेगमेंट में आते हैं। वहीं, मुंबई में ऐसे 30 फीसदी घर हैं। 2012 में देश में 42 फीसदी अपार्टमेंट्स इसी कैटेगरी में बिके थे। इसके लिए बायर्स ने एवरेज 25 लाख रुपए का लोन लिया था।

डिवेलपर्स का कहना है कि एनसीआर में बजट प्रपोजल का असर दिखने लगा है। गाजियाबाद में राजनगर एक्सटेंशन, ग्रेटर नोएडा में नोएडा एक्सटेंशन और यमुना एक्सप्रेसवे में बायर्स की दिलचस्पी बढ़ी है। एसजी एस्टेट्स के डायरेक्टर गौरव गुप्ता ने कहा, ‘बजट के बाद हमें अच्छी इनक्वायरी मिली है। इससे हमें अनसोल्ड स्टॉक क्लीयर करने में मदद मिलेगी।’ राजनगर एक्सटेंशन में एसजी एस्टेट्स के प्रोजेक्ट्स हैं। सुपरटेक के चेयरमैन आर के अरोड़ा ने कहा कि ज्यादातर इनक्वायरी ऐसे सेगमेंट से है, जिसे बजट से फायदा मिलने वाला है।

Source:-http://navbharattimes.indiatimes.com

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Greater Noida West: Emerging commercial and retail destination

Delhi NCr

From the day of launch, ‘Greater Noida West’ is the affordable housing destination. But in the coming years, this location will play a major role in developing retail, commercial and IT/ITeS zone for millions too. Vikas Jain, managing director of Sarvottam Group shares his view point.

After the residential growth, Noida became the new commercial hub for corporate, MNCs and retailers. Shopping malls such as Shopprix Mall, Sab Mall, Centre Stage Mall and Great India Palace (GIP) came into existence. And soon Noida got its first ‘High Street Market’, Sector-18. But due to proximity to Delhi and smooth connectivity through the metro, the rental values in the area rose rapidly.

Earlier people used to operate from an unorganised “Shopping Complex or Plaza” without ample parking space, necessary power back-up and other basic facilities such as meeting venue, food court, water supply, sanitation, green zone or lack of proper ventilation. But over a period of time, demand for office spaces has increased manifold. Since commercial places in Noida seem totally out of range of affordability, we explore new options offering ample space with good infrastructure, connectivity and affordable rental values.

In this scenario, Greater Noida West is an emerging location with opportunities in the commercial and retail categories. There are numerous projects lined up offering world-class infrastructure with an edge of mix-land use.

Due to globalisation, developers brought in the concept of mix-land use to fulfil demand for all categories. Now, commercial places are not only office space but juxtaposition of multiple retail floors, multiplexes, corporate suites, studio apartments, adjoining boutique hotel, IT/ITeS space and lockable space. There are also options of furnished and unfurnished office spaces. Today, professionals are looking for such options in order to manage everything in one place and to save on commuting time.

With large land bank and excellent connectivity, Greater Noida West offers a wholesome package for corporate, professionals and business conglomerates. Thus, if you want to avoid heavy rentals and traffic snarls, the area evolves as a potential option. Policy makers and authorities are also working towards the goal of making Greater Noida West a ‘Universal Place’ to live, work, play and enjoy.

Source:magicbricks.com

 

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Find villas in Hyderabad within Rs 40 lakh

Are you looking to buy independent houses and villas in Hyderabad in the budget of Rs 40 lakh? Localities, such as Uppal and Boduppal, Shamshabad, Chanda Nagar and Bowrampet are a few locations that offer maximum options.

Are you looking to buy residential houses and villas in Hyderabad but all you’ve got is Rs 40 lakh? Well, the city of Nizams wouldn’t disappoint you as it offers ample opportunities to middle-income homebuyers to fulfill their dream. Localities such as Uppal and Boduppal in the East, Shamshabad in the South and Chanda Nagar and Bowrampet in the West are a few locations that offer maximum options of independent houses and villas within Rs 40 lakh.

Uppal and Boduppal in the East

As per the data with Magicbricks.com, almost 60-80 per cent of supply in Uppal and Boduppal belongs to the budget category of up to Rs 40 lakh. Further, nearly 20 per cent supply in these locations is for independent houses and villas. With ample options available, one can choose from either of the locations, which fall at a distance of 10 km from Pocharam, the commercial and IT hub of Secunderabad. In terms of property values, Uppal comes at a comparatively higher price than Boduppal. Property values in Boduppal range from anywhere between Rs 1,700-2,000 per sq ft, whereas in Uppal, the properties are available for almost Rs 2,200-2,600 per sq ft.

Shamshabad in the South

Developing on the back of its proximity to the IT hub, Gachibowli, and presence of International Airport, Shamshabad offers highly affordable property values and several plotted developments. Owing to this, owning a villa in Shamshabad comes much cost effectively and is considered as a sensible choice in real estate investment. S Ram Reddy, CMD, SMR Builders Private Limited (SMRBPL) says, “Having low values and being close to the IT hub, Shamshabad is one of the best places in Hyderabad for purchasing villas. It is expected to be a sought after end-user destination in future.” One can find villas of almost 1000-1500 sq ft areas within Rs 40 lakh.

Chanda Nagar and Bowrampet in the West

As per data with Magicbricks.com, Chanda Nagar alone offers almost 65 per cent of its properties within Rs 40 lakh. “It is advisable to purchase an independent house or villa in these locations because the land values are still low and there are several independent layouts available at affordable prices,” advises Reddy. With the presence of IT industry in the West, there is a high demand from the professionals working in Gachibowli and HITEC City for these units in these areas.

While the city is up for grabbing affordable luxurious houses and villas, should you actually consider these over multi-storey apartments which form a major chunk of supply across the city? M Nanda Kishore, ED, Ramky Estates & Farms Ltd says, “The choice over apartment or villa largely depends on the budget and the location preference of an individual. If the requirement is for self use and in the CBD of the city, an apartment is recommended, however, if it is on the suburbs, and if the budget permits, independent villa can be opted for.”

Source:magicbricks.com

 

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BUDGET STYLING FOR SMALL HOMES

Any festive period may not be the ideal time to overhaul your home with a big-ticket, floor-to-ceiling remodel. However, if your budget is a little tight, don’t fret. With some design concepts and ideas, your house can look plushly reinvigorated, says SUJATHA MANI-THAMPAN

    Changing seasons bring a new look to the great outdoors naturally; however, we have to work a little harder to keep reinventing our interior designs, looking and feeling fresh and festive. If your living space looks drab and your cheque book looks bleak, don’t give up. There are lots of quick, easy and inexpensive ideas that you can use to make your home look bright and celebratory. Follow your sixth sense and you will be surprised to see how much potential your space has. 
    “Large spaces ignite creative flamboyance, while small spaces trigger cutting-edge sustainable innovation. Empty spaces are always filled with needs and need-nots. The first step in making a space feel welcoming is to be merciless about what you need and what you can do without. Knocking down a wall is a potential acquisition of the 6-inch wall strip that can be reinstalled with a two-way accessible closet. False ceilings visually plow into the space and can be included with discretion. Mild coloured tiles, simple wall cosmetics and synonymous cost effective fabric and furniture let natural light bounce more, making the space seem bigger. Ask the wall what more can it hold and it shall speak to you,” says Mahesh Pillai, an architect from Thane. 
    Space is a very big constraint, especially in big cities. Not everybody has a sprawling house with a balcony or an open terrace and separate rooms for each member of the family. So, we do compromise on décor and style and end up making adjustments to our lifestyle to fit in and live efficiently. A few ‘adjustments’ here and there can give you an interior decorating style like the ones you see in savvy design magazines. “Design of small spaces is all about smart budgeting and visual management. It’s not just the treatment of space and four walls but mainly the investment one makes in the selection of furniture and accessories that offset them,” opines Ajay Nayak, architect and design media consultant. All you need is thoughtful space planning, some flexible furniture and most importantly, a will to experiment. 
    We highlight here some clever tricks and techniques which will not only make your interiors seem much bigger, spacious and stylish but will also make your neighbour envious this festive season. 

1. REVISIT: Take some time and make a laundry list of what you already own. Refurbishing existing pieces is the best way to do some inexpensive decorating. Don’t throw out something just because you are tired of the piece. You can easily change it. Sandpaper, primer and paint can transform just about any piece of furniture. 2.SUBTRACT CLUTTER: Sift, sort and toss. Let this be your motto while doing up your interiors. There can be lot of stuff which you may be attached to but if it’s unnecessary and is catching dust, it is best to throw it out or get creative. Make use of the room’s height and invest in tall storage shelves or reorganise your shelves so that unused but close-to-the-heart collectibles are out of reach and those which are useful, are kept one level below. Larger decorative baskets are great when it comes to giving a cheerful look to the interiors. 
3. OBSERVE: Train your eye to look out for what you really want while you go shopping to a flea market. Know what great high-end design pieces look like, so that you can pick a similar piece while hunting at discount stores, flea markets or thrift shops. 4. ADD COLOUR: Walls are the backdrop for all of your decorating schemes. Painting is a fast and economical way to give your walls, floors or ceilings a facelift and it’s a long term solution. If you’re not up for painting the whole room, pick one wall and give it a coat of a contrasting colour. Still too much? Paint your door. Use an unexpected colour for a visual pop, or use two colours to bring out the contours of paneled doors. Just painting the interior panels of your bookcase or an aging but still useful side table will give you decorator style on a minimal budget. 
5. LIGHTING: Whether it’s natural or artificial, light plays an important role in the mood of a room. You can bring an entire room into the modern age just by changing a light fixture. Do-it-yourself stores have a great variety of stylish yet affordable lighting options. Look around for a deal: you might find a great bargain on a beautiful used lamp at a flea market or antique shop. It’s not hard to change a light fixture; just remember to turn it off when you don’t require it. 
6. LOOK DOWN: Add exquisiteness to your floor by getting a bright, colourful rug. You don’t need an expensive one. If you are creative, have an inclination and most of all, have time, you can create a rug using bright old clothes. It may not be a traditional one but it will be inventive and definitely attract attention. Don’t forget, it will also save you a ton of cash, in addition to allowing you to create your own style. 
7. TRICK THE SENSES: a.Use an oversized mirror to enhance the appearance of a room to make it look larger by providing depth and brightness. See what optical illusions you can create with large, framed or unframed mirrors, or by grouping smaller, framed mirrors on a wall. 
    b. One of the best no-cost ways to redecorate is to repurpose things you already have. Look around your home and think of how items from one room could change the setting in another room. That old trunk in your bedroom might make an ideal coffee table for your living room. With a coat of paint and a set of casters, a bedside cabinet becomes a rolling bar. Try clustering items together, like candlesticks or coloured glassware, to create a focal point. Seeing your old stuff with new eyes can be fun and the only thing you will spend by moving it around is a few calories. 
    Feel free to think outside the frame. Beauty can be functional too. Gorgeous decorating doesn’t have to be just a dream. You can get the look you love within a budget that works for you. As mentioned before, learn to recognise what you want your interiors to look like. Then, plan and wait for good deals to come your way. Don’t rush into completing your space. To find the right thing at the right price and not just anything at the right price requires patience and near-Zen-like observing capacity. Have fun decorating your space and let your house speak of your style.

Source:timesofindia.com

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Industry positive about real estate sector in 2014, seeks govt’s support

At the two day conclave organized by CREDAI in New Delhi, on the theme of ‘Housing, the game changer-leading to double-digit GDP growth,’ all the eminent speakers present seemed positive about the real estate in 2014. However, they added in the same breath that the government needs to focus on the sector and take up measures to aid real estate development in the country.

Showing his concern in this regard Rohit Gera, MD, Gera Developments Pvt Ltd says, “We expect the sector to bounce back in the coming year overcoming the current sluggishness that has plagued the industry for quite some time now. However, this would not be possible without the support of the government. As of now, real estate is not the priority for the government. They are more focused on slum rehabilitation.” He was addressing the huge gathering of real estate experts and media persons attending the conclave.

“We all know the problems and solutions,” adds Gera, “but what is lacking is the proper implementation of the same. In addition to solutions such as fast approvals and relaxation in FSI, Foreign investment should be allowed in India.”

Others were also equally enthusiastic about the future of real estate in the coming year. “Currently, due to general sluggishness in the market and political instability, the market sentiments have gone down. This is exactly what happened in 2008 as well. However, India was one of the first countries to bounce back within six months. We expect the same thing to happen this time round too. Indian real estate is expected to bounce back in next six to eight months,” exclaims Vijay Mirchadani, Hon Secretary, CREDAI. He also felt that the end users can capitalize the present situation buy now before the prices escalate.

Speakers also highlighted the need for affordable housing in the country, which, in spite of all the efforts, has not taken off as per the existing demand. “We have been doing a lot of work in Noida and Greater Noida. Nearly 90 per cent of the demand is for affordable housing and only 5-10 per cent constitutes the luxury segment, states R K Arora, MD Supertech.

However, affordable housing is only possible if the government offers help to the develop community. Apart from regulatory measures, steps such as added FSI and financing construction cost are required from the government’s end, the experts.

Source:magicbricks.com

For more Information Sanjay Rastogi Real Estate India ,Real Estate Company in India ,  Affordable House in Noida      Email Us Or SMS :SAVIOUR at 5303

 

Why real estate prices are going up?

Delay in regulatory approvals and heavy taxation are the major factors that add to property prices, says Confederation of Real Estate Developers Associations of India (CREDAI). During the two-day conclave which started in New Delhi today, the various office bearers of the association pointed out the factors responsible for increase in property prices. “The state governments have taxed the real estate sector quite heavily. We will be happy to reduce the prices. But there is no scope to do it,” says Lalit Kumar Jain, chairman, CREDAI, and chairman and managing director of Kumar Urban Development Limited. According to Harsh Patodia, president, CREDAI, West Bengal, and managing director of Heritage Realty Group, the real estate sector requires the long-awaited single window clearance system to get all the necessary approvals for the projects.

The delay in getting approvals directly increases the cost of a project. As per the World Bank’s Doing Business 2013 report, out of 185 economies, India ranks at 182, in terms of getting construction-related approvals. A real estate developer, in order to start construction, has to get as many as 34 procedures from dozens of government departments. On an average, it takes more than 196 days to get through all these procedures, says the report. However, there is no set timeframe within which a developer should receive these approvals. It may take years to get all the permissions and it is mostly at the discretion of the concerned authorities.

The Real Estate Regulatory Bill, which has got approval from the Parliament and is waiting for the President’s consent, has several provisions to streamline the real estate sector operations. However, ironically, there is no provision that deals with the approvals. Citing another major issue flying in the face of the real estate sector, Getambar Anand, president elect, CREDAI, Chairman and Managing Director of ATS Infrastructure Ltd, said: “The Reserve Bank of India (RBI) should help the sector with funds with lesser rate of interest.” C Shekar Reddy, president, CREDAI and managing director, CSR Estates Ltd, said that the real estate sector has immense potential to contribute to the growth of the economy in a significant manner, provided the government addresses some of the major concerns in a time-restricted program.

Source:magicbricks.com

For more Information Sanjay Rastogi,  Real Estate India ,Real Estate Company in India ,  Affordable House in Noida      Email Us Or SMS :SAVIOUR at 5303

 

Tax rules you should know before making investment declaration

taxMany salaried individuals are in the process of finalising their tax-saving investments and other deductions they intend to claim this financial year, as most companies ask their employees to file their investment declaration along with proof by January.

If you fail to submit the details along with the proof, be prepared for huge cuts from the monthly salary.

The company will deduct applicable tax deducted at source (TDS) from your salary in the remaining months in the financial year, though you have the option of claiming a refund later from the Income Tax department.

Here’s a list of some new tax rules and deductions you need to be aware of while submitting your declarations:
source:-economictimes.indiatimes.com

With slowing economy & inflation, house prices to rise at slower pace in 2014

3rd

विस्थापितो के लिए प्लॉट ही नहीं

7 dec

Source:-Hindustantimes.com

For more Information Sanjay Rastogi,     Real Estate Developers in Delhi NCR      Builders in Delhi NCR       Email Us Or SMS :SAVIOUR at 53030

Lifestyle- the new priority for choosing houses

Townships or integrated housing are getting more momentum instead of standalone plots in Delhi NCR. People wish to live in well secured gated community. Townships are safe, secure, thoughtful and well-planned. Along with this, township has many other advantages. The advantages of a city without the hustle bustle of city life can be experienced here. The same is known as self-contained world. They make life easier and that’s what a home buyer wants at the end of the day!

The criteria of choosing a home have changed all-over. Earlier a home was seen just a place to live in where security was main concern whereas these days buyers are looking for a complete package that offers convenience, lifestyle and quality. As per common saying, address speaks up your lifestyle; people are more concentrating on lifestyle amenities which are being offered in integrated townships. Along with the amenities, walk-to-work concept has also been initiated by the township makers. Integrated housing offers better lifestyle in a transformed city environment which is being aspired by all urbane customers.

Apart from amenities, these new luxurious projects also aim at providing high-quality affordable housing for middle or upper middle class. Talking about Noida expressway, various housing projects are being developed there which offers state-of-the art facilities and amenities.

A lot of well known real estate companies like Ajnara India Ltd, Gulshan Homz, Prateek Group, Cosmic Group,Saviour and more have been building luxurious residential projects for some time now. Ashok Gupta, MD, Ajnara India Ltd says, “We have our exposures in all the segments of demand. And in recent times the demand in the luxurious segment has increased manifolds. Our project Ajnara Grand Heritage in sector-74 has been well appreciated by all, buyers and others, for its luxurious features. We plan to launch more luxurious projects in future.”

Another company which has been primarily into Luxurious segment, Gulshan Homz, states the same view. Deepak Kapoor, Director, Gulshan Homz says, “The last one decade has witnessed a lot of changes in people’s lifestyle and their perception towards life. With the increase in income people now look out for better lifestyle while purchasing houses.”

Companies like Supertech, Amrapali ,Saviour and many more with multiple luxurious projects in Noida have also been doing really good. It is believed that luxury and lifestyle are the two new buzz words for generating demand in the real estate market in India. With the rise in aspirations and income, people who have been progressive and have sizeable corpus are gradually moving towards luxurious dwellings to upgrade their lifestyle.

Source:magicbricks.com

For more Information Sanjay Rastogi,     Real Estate Developers in Delhi NCR      Builders in Delhi NCR       Email Us Or SMS :SAVIOUR at 53030

 

Destination development: First mover advantage

Beyond the oft-repeated developers’ rhetoric ‘location, location and location’ as the USP of the project, lies the fact that today’s prime location was once a deserted area that most developers were not ready to bet on with the kind of huge investment that realty projects demand. It has not just been the huge investment involved but the infrastructure, or rather lack of it, which often made them play safe. Though, in some of the cases, the government authorities took the initiative to provide the necessary infrastructure and auctioned the land to the developers; in some of the other cases, it was the developer who spotted opportunity in a virgin territory and reaped the first mover advantage.

It would be easy to vouchsafe that while the state, in most of the cases, has been a reluctant urbaniser, destination development actually demands a daredevil’s vision and that is precisely the reason why only a handful of locations could see the first mover changing the dynamics of urbanisation in general and the realty market in particular.

The first such case study in India has been the emergence of Gurgaon, at a time, when urban land development was in the controlled regime of the state. Facing many challenges at the policy level, it was the vision of KP Singh, chairman, DLF, to replicate a global city in India that Gurgaon was conceptualised, ahead of its time. According to Sanjey Roy, spokesperson, DLF, “Gurgaon was initially conceptualised as DLF Qutab Enclave and the plan was visualised ahead of its time. It was not an easy job, particularly at a time when the urban land development was in the controlled state regime. The success story of Gurgaon eventually led to the development of many such destinations across the country.”

He also adds “One needs to have a vision to transform a nondescript location into a property hotspot. Once it is developed, it is much easier to do a cost-benefit analysis and say the location could have been developed this way or that way. When DLF first ventured into Gurgaon, Delhi needed to outgrow its boundaries with the growing urbanisation. Gurgaon, for one, was picked up as an extension of what, at that point of time, was the most sought-after tourist hotspot, Qutab Minar,” explains Roy.

Similarly, in Mumbai, it has been the developers’ vision that has created destinations in far off suburbs such as Powai. The fact remains that had the Hiranandanis also thought about playing with the land competence of ‘location, location and location’, Powai would not have emerged the way it has shaped up today. Some other locations, like Malad, Goregaon, Kalyan and Dombivli, are also shaping up as excellent destinations. Interestingly, these destinations were spotted by developers who recognised an opportunity in an area which had, for others, been the road less travelled.

Similarly, the Nahar Group’s initiative of developing a new township in Chandivali has resulted in making Chandivali a destination suburb. The Group had begun development in this lesser known area, at a time when not much development was happening in that suburb.

The idea was to, in the next few years, make this location one of the most-preferred destinations in Mumbai city. Today, Chandivali competes with other locations such as Powai, in residential real estate. Manju Yagnik, vice-chairperson, Nahar Group, agrees that to some extent, it is risky to venture into new destinations with no habitation and infrastructure. Hence, developers undertake some research or study before starting with a new project. Location has its own importance in real estate development but creation of residential projects can also be undertaken by the developer, from a futuristic point of view.

“A developer can also create new destinations, by providing amenities and facilities essential for smooth living. Earlier, this suburb was hardly known for residential or commercial development, as a major part of this area was deserted land. Today, the vast 125 acres of land, is full of greenery and plush residential towers and commercial complex. Besides proximity to the domestic and international airport, business districts in Mumbai and arterial roads of Mumbai, have made Chandivali a new destination of Mumbai city,” states Yagnik.

Similarly, when the Knight Frank report, last year, rated south Chennai’s Pallikaranai and Medavakkam, as two of the most promising destinations, many within the built environment of realty business, were taken aback. Even though, Pallikaranai and Medavakkam are about 12 kms from the Chennai International Airport, through the Pallavaram-Thuraipakkam Road, it was not seen as a ‘destination’ till some of the developers spotted an opportunity and shifted their focus to the region, for developing it as the destination next.

There are not many case studies in Indian real estate, where a developer has a vision and has shown the audacity to take the road less-travelled. Experience also suggests that some of them had to take a beating but for those who could spot the right location to be developed as a destination; it proved to be a goldmine. Those who want to capitalise on sheer land competence, established location is all that matters but for those who do not want to be ‘me too’ in the established locations, there are still virgin territories to be explored.

Source:magicbricks.com

For more Information Sanjay Rastogi,     Real Estate Developers in Delhi NCR      Builders in Delhi NCR       Email Us Or SMS :SAVIOUR at 53030

ब्याज कि बढ़ी दरो से बढ़ेगा अफोर्डेबल हाउसिंग

saviour builder

source:-hindustantimes.com

For more Information Sanjay Rastogi,     Real Estate Developers in Delhi NCR      Builders in Delhi NCR       Email Us Or SMS :SAVIOUR at 53030

Why India needs REITs?

A real estate investment trust (REIT) is a fresh investment mechanism being planned by the Securities and Exchange Board of India (SEBI). A REIT manages and owns income-generating developed property and is intended to offer common units to the public as an option for investment. These units represent ownership in the business of managing income-producing properties. REITs will make available away to real estate developers to commercialise developed property, providing an exit path. It will also provide overleveraged companies an opportunity to deleverage. It will escalate the depth of the Indian real estate market and provide additional liquidity.

Also, REITs would enable people to channelise their investments into the sector through a structured mechanism. Bearing in mind the current economic slowdown and scarcity of funds, REITs are projected to infuse a fresh lease of life into an otherwise irregular market.

Irregular Road to REITs

The draft SEBI (Real Estate Investment Trusts) Regulations, 2013, seem well thought out. Nevertheless, much is sought after to make the REIT structure commercially viable. The obvious and much-discussed road blocks are taxation of REITs, foreign investments in REITs and stamping of agreements relating to transfer of property to the REITs. In addition to these tentative blocks, there is a need to fix the following issues to make the REIT regulations workable.

One of the basic grounds of the draft REIT regulations is the need to provide an exit avenue and liquidity. But, the definition of “real estate” seems rather bound. The definition of “real estate” or “property” should be widened to include all commercial and residential property and completed infrastructure assets such as roads and highways that have a regular income flow.

Open Realty to Reality

Presently, the least asset value of a REIT is marked at Rs 1,000 crore. While there is a need for confirming financial soundness of the trust, one cannot argue the fact that such a threshold will eradicate many small players. This can be reconciled by providing for the concept of co-sponsors, much like the mutual fund regulations. This would permit companies with a smaller portfolio to come together and set up a REIT. Further, transparency should be provided on the pricing and repurchase of unit along the lines of mutual fund regulations.

In last few years, Limited Liability Partnership (LLP) has appeared as a preferred vehicle for real estate developments owing to the various benefits due to it. The investment conditions with respect to REITs should be relaxed to permit investment in LLPs that house real estate assets, and the definition of “special purpose vehicle” and “body corporate” can be revised to include LLPs, thereby allowing real estate investments in LLPs that own real estate assets.

Source:magicbricks.com

For more Information Sanjay Rastogi,     Real Estate Developers in Delhi NCR      Builders in Delhi NCR       Email Us Or SMS :SAVIOUR at 53030

Global brands entering the uber-luxury homes in NCR

Delhi/NCR

The National Capital Region (NCR) has seen a slew of luxury apartment launches.

A number of such high-end projects with world-class specifications were launched in the last one-year; these come with the promise of high-quality after-sale services and, in some cases, with an assured provision of 5-star living experience.

Developers are tying up with 5-star hotels and renowned brands, which are eponymous with luxury in the world, to provide 5-star room services to their customers after the delivery of the apartments.

The major players who have already launched such projects are Supertech (with JW Marriott and Le Meridien), Ireo (with Grand Hyatt), and 3C with Four Seasons. In all these projects, room services will be provided by the hotel group in the tie-up to the occupants of the apartments.

Supertech has also launched super high-end projects with global luxury brands like Armani, Swarovski, and Disney. Similarly, as shown in the chart, a number of developers have launched super-premium projects in other cities like Mumbai and Bangalore.

The super-premium apartments in the NCR come with a price tag that is upwards of Rs 15,000 per sq ft.

Some of the developers have indicated that the price of their projects will be upwards of Rs 25,000 per sq ft. At the same time, as the size of luxury apartments varies between 4,000 sq ft and 8,000 sq ft, their net cost, too, varies in the range of Rs 6 crore to Rs 20 crore.

So far, these luxury apartments used to be constructed in Gurgaon—that too, most of them on the Golf Course Road—in the NCR region.

Most of these super-luxury condominiums like Aralias and Magnolia, which are currently quoting at Rs 20,000 per sq ft to Rs 30,000 per sq ft, are by DLF. But the company, which is the largest real estate firm in the country, is not following the latest trend of launching superluxury projects in collaboration with global luxury brands.

And now, a number of such projects have been launched in other parts of the NCR, with even cities like Mumbai and Bangalore seeing a spurt in such launches.

Jones Lang LaSalle, a global consultancy firm, in a report cautioned that ‘luxury’ is by far the most abused word by residential project developers in India. Any project offering basic amenities is classified as ‘luxury’ in marketing materials, advertisements, and sale pitches.

The interpretation of luxury in the Indian context, the report said, also includes an element of exclusiveness. In other words, the buyer of a luxury apartment—apart from superior amenities and facilities—also expects to live in a project which offers a certain socioeconomic standard as a neighbourhood.

JLL says that one of the most crucial parameters while selecting a luxurious flat is the location of the project. Though a central location is certainly an important qualifier for the luxury tag in India, a project that stands at a city junction beset with traffic congestion does not provide a luxurious experience. Buyers need to look at many other locational parameters, like whether the project benefits from approach roads that allow for convenient vehicular entry and exit.

Also, noise and air pollution makes a project that much less desirable for those who are ready to spend Rs 5 crore on a house. If the project lies in a chronic traffic gridlock zone, it cannot be termed as a premium project, irrespective of its price. Besides, the residents of such projects must have ready access to markets, schools, colleges, hospitals, and their offices. The report also pointed out that the most spectacular edifice of luxurious living falls flat on its face as an investment bet if it is located in a crime-ridden area.

The view available to the project’s occupants is also very crucial. A project may be genuinely luxurious in its internal specifications and amenities. However, if it overlooks a slum or congestion-prone highway, a graveyard or a hospital, the rental and resale potential take a beating.

Floor-to-ceiling height is also one of the most important parameter in evaluating a project’s true ‘luxury’ value. If the floor-to-ceiling height is less than 12 feet, the luxury feel is severely compromised. Moreover, apartments with low ceilings do not lend themselves optimally for tasteful interior decoration, JLL report said.

Project density is the number of people living in a project. There is no ideal thumb rule for this parameter—however, it is generally understood that a one acre project should not house more than 60 families, the report said. Anything more means that the project does not qualify as ‘luxury’.

This is because the available amenities are shared by too many people, destroying the project’s ambience, exclusiveness, convenience, and charm.

However, there is no specific yardstick to measure parking sufficiency. The commonly followed norm is that the number of bedrooms in a project should equal the number of available car parks, JLL says. A 3BHK apartment should therefore have three parking spaces within the project.

The mere provision of branded elevators does not suffice in a luxury project. The project must also have service elevators with separate entries, to ensure that domestic help and external suppliers do not populate the elevators and lobby being used by residents. Investors must also ensure that the elevators are spacious enough to accommodate a stretcher.

Security is another major issue in luxury apartments. Inhabitants of a luxury project would not expect to install ugly security grills over their front doors and windows. They expect to have the assurance that their families and property are safe in all respects. A genuine luxury project has uncompromising human security as well as electronic surveillance and safety measures firmly in place.

As is evident, it takes more than a mere word like ‘luxury’ to place a project head and shoulders above the rest—and thereby making it a worthwhile investment option, the report said.

While one cannot stop developers from misusing the luxury tag, it is certainly possible to understand what true luxury—even in the Indian context—really is.

Source:magicbricks.com

 For more Information Sanjay Rastogi,     Real Estate Developers in Delhi NCR      Builders in Delhi NCR       Email Us Or SMS :SAVIOUR at 53030

Buying affordable housing around Delhi possible soon: 100 acre land to unlock

A land parcel as large as 100 acre about 10-11 km from the Connaught Place, New Delhi, is expected to be unlocked for affordable housing soon! The Ghaziabad Development Authority (GDA) is planning to come up with 14-15 group housing projects on this land near the Wazirabad Entry Gate in Delhi. The project planning is currently at a nascent stage.

Buying affordable housing around Delhi possible soon: 100 acre land to unlock

So are there any affordable housing schemes the authority is offering at present? According to Santosh Kumar Yadav, vice chairman, GDA, “we have some plots left in Madhuban Bapudham Scheme.” This group housing project falls near Govindpuram. This is the only project which has plotted development on the offer at present, by the GDA.

What are the sizes and what are the prices of these plots? The plots are generally available in the 400 sq ft size. They are priced at Rs 13,600 per sq mtr. “The project is good to invest. In five years, the prices of the plots have just got doubled,” says Yadav. He was answering queries on Open House, an online platform where users can ask questions on a specified subject.

Are there any flats available for the Low Income Group (LIG) and Economically Weaker Section (EWS)? The authority is planning for affordable housing projects at various locations within Indirapuram and Kaushambi. The sizes of these flats start from 35 sq mtr with prices starting from Rs 5.10 lakh.
Almost all the projects will have units for people from the EWS category as well. The size of these units will be around 25 sq m and the prices of these units will be about Rs 2.40 lakh.

What are the eligibility criteria? For applying for a flat under the LIG category, your monthly income should not exceed Rs 12,000. For the EWS category, this limit is kept at Rs 6,000 per month.

But what about livability? In view of creating sufficient supporting infrastructure, the GDA is also planning several projects concerned with roads, water supply, electricity and drainage. Recently, the authority announced setting-up of a power sub-station at Madhuban Bapudham Scheme.

 Source:magicbricks.com

For more Information Sanjay Rastogi,     Real Estate Developers in Delhi NCR      Builders in Delhi NCR       Email Us Or SMS :SAVIOUR at 53030

Realty connects with retail

ndonesia, China and India are set to experience the highest rates of B2C e-commerce sales growth by 2017. A new report from Jones Lang LaSalle, ‘E-commerce boom triggers transformation in retail logistics – Driving a global wave of demand for new logistics facilities’ highlights the crucial role that the logistics property sector will play in the Asia Pacific region and how it must adapt to changing consumer demand. Global online sales currently account for four per cent of total retail sales and are growing at a rapid pace. In fact, global online sales grew at 14.8 per cent per annum, from 2007 to 2012, compared to total retail sales, which increased by just 0.9 per cent during the same period.

Realty connects with retail

Although developing economies currently lag behind developed economies in their e-commerce infrastructure, they may see stronger e-commerce sales growth in the future. As a result, the global e-commerce landscape will change rapidly over the next five years and beyond. By 2017, the highest rates of B2C e-commerce sales growth are predicted to occur in Indonesia, China, India and Mexico. Growth rates in mature markets will be measured.

Retailers are in a quandary about their international e-commerce expansion plans. Do they invest resources into developing countries with poor logistics infrastructure knowing that they may not see ROI for five years, or concentrate on mature markets, where there is already strong competition for both, e-commerce users and premium industrial space, but an established logistics infrastructure?

E-commerce in developed countries

For developed countries, omni-channel retail strategy is driving major changes in e-commerce logistics models. In an omni-channel strategy, which seamlessly integrates sales channels such as the store, web and/or mobile, consumers can choose the most convenient way to order, receive and return their purchases. Models differ across the globe.

• In the UK, and other developed markets, ‘click and collect’ is the fastest growing component of many retailers’ online sales, driven by consumer preferences for the convenience of collection over home delivery.

• Germany is Europe’s secondlargest e-commerce market by turnover after the UK. E-commerce growth has led to significant new demand for large e-fulfillment facilities, driven by pure-play retailers.

• As the Australian e-commerce sector matures and automation increases, ‘specialised’ or ‘purpose-built’ real estate will become common. Parcel lockers are becoming more widespread, as well as companies offering easy deliveries and returns using existing infrastructure for drop-off points.

• In the US, it is estimated that 30 per cent of industrial big box warehouse demand is correlated to e-commerce. Retailers continue to open large e-fulfillment centres in close proximity to major markets; they are also opening mid-sized warehouses operated by third-party logistics providers in secondary markets to meet same day delivery needs across the country.

E-commerce in emerging economies

In emerging markets, e-commerce supply chains are evolving in highly divergent ways, influenced by regulatory, economic and cultural factors.

• In China, the first wave of e-commerce warehouse space was concentrated in tier-one cities such as Beijing, Shanghai and Guangzhou but since 2011, major e-commerce firms are setting up distribution centres in emerging inland retail markets too.

• With more than 100 million internet users in Brazil, the boom in ecommerce has created new demand for warehouses, particularly in São Paulo, Brazil’s main logistics hub. Logistics clusters are emerging on the major roads that lead to the city in locations such as Barueri, Cajamar and Guarulhos.

• In India, online retail accounts for less than one per cent of total retail spending. E-commerce-related warehousing is designed to serve tier-one cities. The country’s multiple tax structure has encouraged decentralised warehouse networks, with small state-based facilities. However, the soon-to-be implemented Goods and Services Tax (GST) will encourage consolidation of distribution networks and will fuel demand for larger distribution centres.

Eventually, emerging markets may surpass mature markets in pure volume owing to the size of their population. E-commerce gives retailers the potential to reach new customers that physical locations cannot, particularly in remote, rural locations. As more and more consumers embrace e-commerce as a safe and convenient way to purchase goods, retailers in developing countries will invest in logistics models exposing new products to new populations.

Source:magicbricks.com

For more Information Sanjay Rastogi,     Real Estate Developers in Delhi NCR      Builders in Delhi NCR       Email Us Or SMS :SAVIOUR at 53030

Noida offers amnesty to defaulting plot allottees

Noida offers amnesty to defaulting plot allottees

Delhi/NCR

An amnesty scheme has been launched by Noida Authority to waive penalties on investors defaulting in paying regular instalments against plots allotted to them. The scheme is expected to benefit hundreds of outstation and overseas investors.

“The scheme has been devised primarily to provide relief to investors who reside outside,” said Rama Raman, chairman and CEO, Noida Authority. The Authority would forgo fines if investors make advance payments of instalments due by them after clearing old dues.

Apart from overseas investors, the Authority had been receiving requests from several quarters for a scheme aimed at relieving the burden of penalties from defaulting allottees.

Source:magicbricks.com

For more Information Sanjay Rastogi,     Real Estate Developers in Delhi NCR      Builders in Delhi NCR       Email Us Or SMS :SAVIOUR at 53030

Comfort at your doorstep

Mail Today (Realty Power List)_ 30th Nov'13_23

 

For more Information Sanjay Rastogi,     Real Estate Developers in Delhi NCR      Builders in Delhi NCR       Email Us Or SMS :SAVIOUR at 53030

Realty regulation has scope of development

The latest development in the Indian economy has empowered interest for area and improved real estate nationwide. Contemplating the rising interest for private, business and retail real estate, the Finance Bill 2012 had proposed insertion of segment 194LAA in the ITA to deduct charge by method for TDS @ 1% on attention for exchange of immovable property (other than agrarian land), if the quality of the property surpasses Rs 50 Lakh in urban areas and Rs 20 lakh in other zones.

The idea behind such proposed change appears to be to lessen the flow of black money in the business sector and guarantee dependable information gathering, separated from accumulation of charge to focus on transactions of steady lands. However, the proposal was dropped conceding to the supplication that it will put additional consistence load on the customer.

Government reintroduced the Real Estate (Regulations & Development) Bill, 2013 which proposes to create the Real Estate Regulatory Authority for regulation and arranged improvement in the real estate segment. The destination of the Authority might be to take all conceivable measures for the development and advancement of a solid, transparent, productive and intense real estate area. Also, the bill incorporates many additives for the consumers and some for the business fraternity.

The Real Realty Bill

 

  •  The Bill incorporates to institutionalise the part prompting standardised and systematic development of the industry through presentation of definitions, for example ‘apartment’, ‘common areas’, ‘carpet area’, ‘advertisement’, ‘real estate project’, ‘prospectus’ and so on.
  •   The Bill proposes to enroll real estate executors with clear obligations and capacities, in this manner accelerating cash trail and controlling cash laundering.
  • The Bill likewise accommodates foundation of an Appellate Tribunal to arbitrate debates and hear requests from the choices or requests of the Authority.
  •  Mandatory enrollment with the Real Estate Regulatory Authority for any task to be spread over 4,000 square meters.
  •   No development could be gained without entering into a concurrence with the client. Deals chanced through pre-sales/soft launch may be shortened.
  •   Registration could be augmented just up to two years past the definitive period for advancement allowed by the neighborhood licensing power.
  •   Mandatory web-vicinity of the engineer on the developer’s site.
  •   The Bill will mix professionalism and push arranged advancement of the real estate segment through the special part of the Regulatory Authority.
  •    Real estate developer should be instructed to store no less than 70 per cent of the trusts accepted from finish clients into a committed undertaking record, which could be utilised just for the reasons of the task.

Source :magicbricks.com

For more Information Sanjay Rastogi,     Real Estate Developers in Delhi NCR      Builders in Delhi NCR       Email Us Or SMS :SAVIOUR at 53030

Luxurious houses for young home buyers

Luxurious houses for young home buyers

May God bless the person who coined the adage “live life king size”. Today every one, of course who can afford and bear the cost, aspires for the best of facilities and wish to live life king size. Growth of economy and liberalisation has resulted in an increased disposable income in the hands of the new generation which has in turn leveraged the spending capacity of everything luxurious including homes for the proposed buyers.

Ambit of luxury segment has changed today from what it used to be in the last decade. Today the luxury segment – from luxury cell phones to extravagant exotic holidays to luxurious swanky cars – is dominated by the young breed of professionals. So, when it comes to living space they would not settle for anything less but the most exclusive, expensive and luxurious.

This segment of population is not just hard to please but also well informed about the latest trends across the globe, making developers strive to deliver exceptional quality residences. Today, people are traveling worldwide and getting exposed to international standards and this exposure and experience has infected every aspect of the human life.  They desire to enjoy, if not same, at least very near to the same level of comfort and services back home. Highly-placed professionals, top consultants, individual business houses, investment bankers, young entrepreneurs and globe trotters belong to the segment of people who are more likely to invest in luxury properties.

Today, High Net-worth Individuals desire exclusivity, uniqueness and customisation in every nook and corner of their homes, which is being met with the increased association of internationally renowned designers. Luxury homes are now witnessing world-class standard of living.  Traditional households are also seeking better lifestyle and hence, are moving out of the city cluster to newer horizons.

“Branded homes” have become a craze with the affluent class, where many developers tie-up with luxury brands to provide unique combination of brand and luxury. Amenities such as gyms, spas, golf courses, swimming pools and community clubs have become a sort of necessity. Developers are also regularly exploring new horizons to make their products sell like hot cakes.

Most of the luxury homes are being developed in the prime locations – away from the hustle and bustle of the city. Green houses are the newest craze and demand of the time. The concept of luxury housing has revolutionised the whole experience of living with increasing rate of High Net-worth Individuals and the rapid pace of urbanization.

 Source:magicbricks.com

For more Information Sanjay Rastogi,     Real Estate Developers in Delhi NCR      Builders in Delhi NCR       Email Us Or SMS :SAVIOUR at 53030

What makes an ordinary home luxury!

What makes an ordinary home luxury!

Understanding the definition, context and meaning of luxury in the Indian residential real estate sector along with the the investment dynamics of luxury homes.

In Indian real estate, ‘luxury’ is by far the most-abused word by residential project developers. Any project offering basic amenities is classified as ‘luxury’ in marketing materials, advertisements and pitches.

In the first place, luxury living in any context must necessarily involve generous living spaces. Going by that alone, a 1BHK cannot qualify as ‘luxury’ by any stretch of imagination. Secondly, the interpretation of luxury in the Indian context also includes an element of exclusiveness. In other words, the buyer of a luxury apartment – apart from superior amenities and facilities – also expects to live in a project which offers a certain socio-economic standard as a neighbourhood. Therefore, when a project offers one-bedroom apartments, it automatically disqualifies itself from the ‘luxury’ classification.

Buying a luxury apartment for self-use involves the need for multiple checks and validations. When it comes to buying such an apartment for investment, the need for 360-degree due diligence is even higher. After all, the final objective is returns on investment. If one is considering investing in a luxury apartment, one must understand what the hallmarks of genuine luxury in residential real estate are:

Location

This is one of the most crucial parameters. Though central location is certainly an important qualifier for the luxury tag in India, a project that stands at a central city junction beset with traffic congestion does not provide a luxurious experience.

Very few people buy luxury homes and then hide them from the rest of the world. Most owners want others to see and admire their property. Noise and air pollution apart, this purpose is not achieved if the project lies in a chronic traffic gridlock zone. Finally, the owners themselves must have ready access to markets, schools, colleges, hospitals and offices.

The view available to the occupants is also very pertinent. A project may be genuinely luxurious in its internal specifications and amenities. However, if it overlooks a slum or congestion-prone highway, a graveyard or a hospital, both rental and resale potential take a beating.

Floor-to-Ceiling Height

This is one of the most important parameter to evaluate a project’s true ‘luxury’ value. If the floor-to-ceiling height is less than 12 feet, the luxury feel is severely compromised.

Project Density

There is no ideal thumb-rule for this parameter – however, it is generally understood that a one-acre project should not house more than 60 families. Anything more means that the project does not qualify as ‘luxury’. This is because the available amenities are shared by too many people, destroying the project’s ambience, exclusiveness, convenience and charm.

Parking

Again, there is no specific yardstick by which to measure parking sufficiency. The commonly followed norm is that the number of bedrooms in a project should equal the number of available car parks. A 3-bedroom apartment should therefore have three parking spaces within the project.

Elevators

The mere provision of branded elevators does not suffice in a luxury project. They must also have service elevators with separate entries, to ensure that domestic help and external suppliers do not populate the elevators and lobby being used by the residents.

Security

Inhabitants of a luxury project do not expect to install ugly security grilles over their doors and windows. They expect to have the assurance that their families and property are safe in all respects. A genuine luxury project has uncompromising human security as well as electronic surveillance and safety measures firmly in place.

It takes more than a mere word like ‘luxury’ to place a project head and shoulders above the rest – and thereby make it a worthwhile investment option.

Source:magicbricks.com

For more Information Sanjay Rastogi,     Real Estate Developers in Delhi NCR      Builders in Delhi NCR       Email Us Or SMS :SAVIOUR at 53030

Greater Noida west,earlier known as Noida Extension had given sleepless nights to home buyers,developers and policy-maker .

Realty Plus_Oct-Nov'13_26 to 31

Real Estate Market of India

India is seeing a remarkable development and advancement in the industry of the real estate. Even not only the metro cities are seeing this rapid development but also various towns of India are affected by this growth. There are many factors responsible for such type of massive growth are direct investments from other countries, free funds investment in the real estate and the interest of multinational organizations in Indian property market. Companies of the real estate industry have become more corporate and professional in their business and services.

Seeing the robust development, individuals have become more active in buying the properties. Demand of residential projects is more than the demand of commercial projects. There are many big companies that are playing a big part in the residence industry. They have created a benchmark in Indian real estate industry. The Real estate Developers are constructing all sorts of personal and professional residence in India which include apartments, offices, hotels and shopping malls in par with the worldwide standards. In in the future, we are going to see these several personal and professional projects.

People now buy residence at low price and then sell or rent flats at appropriate price. Through such activity, they are getting large profits. The price of property in India is also sky-rocketing that has supported indirectly in more earnings. India being one of fastest growing economies is seeing prominent development in real estate properties. The purchasing capacity has influenced individuals to invest. If you too are the one who is seeking to invest into the real estate market of the India or Delhi NCR. There are many top builders in Delhi NCR which are offering affordable houses. You can invest your money with these builders.

Highlights on the Real Estate India Market

The present situation of property dealing in India is a quick growing industry for traders and clients. It is a time now to go for the possession of any residence that you may like. Market professionals say that Real estate industry of India is progressively creating to fulfil up with the international industry and guidelines recently. In this over growing nation, the requirements for good residence are always great. The possibilities of the Indian real estate industry are around the corner towards a better upcoming. The strategical actions towards the improvement of many the process of this industry have already made the clients satisfied in India.

In the field of online real estate one can get hundreds of options of genuine property being traded. The actual problem is which one to select and which are the choices you should consider on taking a side step. Well, it all relies on your action of verdict. You may not be able to determine the preferred residence but have gathered a list of similar residence choices. There are many ways to select from the choices you have in your side. There are some staple items to remember before falling into the area of Real Estate market of India. Always consider the reliability of the company whenever you want to buy any ready to move in flat in Delhi Ncr or any other area of the India. Look for their past effective cases if you have the proper resources.

Make sure all the records proven to you are genuine and 100 % dispute free. Do your own study without any outside impact before purchasing any resource. It will cost you your life-time benefits so don’t put your money at risk. Gather your knowledge and abilities while implementing for a loan to buy any residence. It always helps you to stay in the company floor while thinking of a residence you actually can own.

Builders in Greater Noida

builders in ghaziabad

With the express growth of commercial sectors, especially IT and ITES industries, the twin city Noida and Greater Noida are thriving as a realty sector of Delhi NCR. The city becomes a popular destination for an investment ranging from residential to commercial real estate market. Hence, the builders in Noida and Greater Noida are developing residential and commercial properties with world-class entities and innovative infrastructure.

Various builders are coming up with the concept of residential to studio apartments, township projects, shopping malls and corporate business parks. The twin city is a bit inexpensive than rest of NCR and capital. The prices of property are also affordable as compared with other regions hence, buyers and investors prefer the city for realty investment.

The online directory or the list is available to search for suitable property with affordability. Builders are coming up with various townships, residential and commercial projects with eco-friendly concepts. The projects are constructed with lots of open space, lush greenery, magnificent sun-rays and fresh breeze.

The realty projects in twin city tenders world class amenities such as two- level basement parking, children’s park, gym, spa, CCTV surveillance, power backup, intercom facility, individual R. O. unit, modular kitchen and many more.

Affordable Real Estate by Builders in Ghaziabad

Real estate developers in GhaziabadGhaziabad is emerging as a new residential hub for IT and ITES professionals in Delhi NCR. Ghaziabad is mentioned among the list of world’s ’10 most dynamic cities’ and becoming a hottest city in India for the people bounded around Delhi NCR. People are attracting towards the city due to affordability for housing societies. New properties are developing along the NH 24, NH 58, Raj Nagar extension, Indirapuram and Mohan Nagar.

Real estate investors and buyers are attracting towards the housing societies of the city due to its proximity to Delhi and other region of NCR. Various residential, commercial and township projects are going on in the city with innovative infrastructure and quality construction. The city is growing as one of the important destinations of realty field.

The cost of residential project ranges from 3000 to 3500 per sq ft and varies slightly as per the location. The city is well-connected to capital by road and metro. Good transportation and proximity to capital are notable points for the city.

A good investment time for property is during the period of a slump. A real estate investment seems to be risky at some time hence, the proper study of property and market provides huge gains in terms of income.

Ready to move flats in Noida

Real estate developers in Delhi NCRThe city is famous for its innovative construction, planned infrastructure, transportation facilities, wide roads, huge shopping malls and commercial complexes. Property prices are also affordable as compared with Delhi and other region of NCR. Hence, the demand of residential apartments is increasing day by day. Noida is emerging with a city of ready to move flats in affordable rates.

Noida offers a wide range of flats that fits almost for every budget. The city reflects an enjoyable living due to lush greenery, shopping complexes, restaurants and proximity to Delhi. Various residential projects are going on with the option of one bedroom to four bedrooms, and price varies as per the location. The city also enjoys a realty growth from Greater Noida where many companies are shaping their headquarters.

Many builders are offering ready to move flats that are close to corporate hubs and shopping malls. Many sectors are offering fully or semi furnished modern housing apartments in reasonable rates. Several societies are proffering high end securities and power backup with modern lifestyle. Most of the projects are surrounded with lavish greenery, lots of open space, magnificent sunlight and ample amount of breeze for healthy lifestyle and clean environment.

Home maintenance tips

Affordable houses in GhaziabadIn order to maximize your efficiency and actually get all of these tasks done, you might want to create a list of to-dos for yourself.  Here is a brief list of tasks to maintain your home, on a monthly, bi-annual and annual basis.

Monthly

  • Clean kitchen sink disposal.The handiest and best all-around solution seems to be vinegar ice cubes. Put some vinegar in an ice tray and let it freeze, then run the ice cubes through the disposal.
  • Inspect your fire extinguisher(s) : This inspection doesn’t require much: ensure it has easy access (not being blocked by a garbage can or anything else), such that the gauge shows adequate pressure, and that it has no visible signs of wear and tear.

Biannually

  • Run water and flush toilets in unused spaces.This mostly applies to guest bathrooms, or any other sinks/water sources you don’t use on a regular basis. The idea is to prevent grime or any other kind of build up. Regularly running a little bit of water will prevent this.
  • Give your house a deep clean.Take one Saturday every six months with your whole family, and give the whole house a proper scrub. Appliances, windows, dusting every nook and corner, etc. Keeping things clean and not letting dirt/grime accumulate over years will help keep your home in top shape.

Annually

Inspect the exterior of your home. Is any paint chipping? Is any siding damaged from winter? Are there any holes in your brick? Take a close look all around your house, and make any repairs as needed. Also be sure to check the foundation for any cracks.

  • Get your air conditioning system ready for summer; consider having it serviced.
  • Repair/replace damaged window screens.
  • Inspect roofing for damage, leaks, etc.Repair as needed; you may need a professional.
  • Take care of any insect problems you may have: Ants, spiders, moths, etc. are all common, and fairly easy to take care of. Keep cobwebs clear, have ant poison handy, make sure all doors are tightly closed, etc.
  • Tighten any handles, knobs, racks, etc.Go through the house and inspect anything that could have a loose screw.
  • Check all locks and deadbolts on your doors and windows.If anything doesn’t work right, replace.

Affordable houses in Ghaziabad

real estate developers in GhaziabadGhaziabad is becoming a noticeable place for the growth of real estate. Realty field is shaping up with innovative and affordable construction near the Raj Nagar, NH4, Indirapuram and many more locations in Ghaziabad. Property prices of Delhi are rising day by day and becoming difficult to own a shelter for budget income group. However, people are moving to nearby location of Delhi. Ghaziabad is well-connected to Delhi and other region of NCR by metro and roads hence it is becoming a hot destination for property investors.

The city is prepared with innovative infrastructure to suit the idea of cozy lifestyle. Realty sector has also concentrated on the family entertainment places, shopping malls, theaters, hospitals and schools besides just constructing commercial and residential apartments.

Ghaziabad is growing with commercial construction, and residential apartments range from one to four bedrooms managed by well known builders. They offer fine and peaceful living in affordable rates. The city is flourished with two national highways that make it excellent for living. Many apartments are offering world-class amenities such as swimming pool, gym, spa, parking space, children’s park and many more.

Latest Kitchen Trends

builders in GhaziabadThe kitchen in the urban Indian home is no longer the domain of the cook or the servant alone. With evolving family norms like working couples who prefer to rustle up their own meals and men working from home, kitchen set-up and decor are increasingly occupying a significant place in the field of interior decoration as the kitchen is no longer regarded as a space used merely to cook food but an intimate family space that must necessarily appear inviting and yet be useful and functional.

Formerly a kitchen was supposed to look dull and somber with stainless steel cabinets and fittings. Nowadays however, these are increasingly giving way to warmer metal tones as brass and copper.  Even Iron and similar tones are becoming popular.

For smaller kitchens in city apartments, small, compact corner sinks are fast gaining popularity. This is not just a wonderful way to utilize that unused corner in the sink, it is also considered cute and chic.

Wooden accessories including wooden cabinets and counters can transform an ordinary kitchen into one of the sleekest, most elegant spaces in the house.  More and more people prefer to accessorize their kitchen with simple yet superb wooden items.

Colorful splash-backs are in this season!  Many interior designers and home owners are now choosing to decorate the kitchen with bright, vibrant colors and unleash excitement in the kitchen.  Pretty iridescent tiles, marble slabs with interesting patterns and colorful latticed cabinets have become quite a rage with people who regard the kitchen as something more than a place to cook and store.

Kitchen lighting is no longer confined to boring bulbs and overhead lights.  With regard to exposed lighting, the artistically inclined are increasingly veering towards light fixtures that are showpieces and marvels in themselves.  On the other hand, layered lighting and lighting in hidden spots under shelves and cupboards are also catching the fancy of those with more subtle and understated tastes.

Countertops using black granite or quartz breathe character into the kitchen.  Whether left glossy and varnished or with a dull matte finish, such countertops do not fail to infuse the kitchen with immaculate elegance.  Black countertops with a matte finish are considered all the more stylish this season.

Open shelves and cabinets, though not quite the norm in Indian kitchens yet, are gradually being given preference by those who own not just pretty kitchens but pretty kitchen paraphernalia as well.  Open shelving allows people to display their exotic collections of crockery and other delightful kitchen accessories that, needless to say, have their own special appeal.

Last but not the least, Indian kitchens, like their Western counterparts, are also being transformed into kitchen- cum dining spaces with large kitchen islands and elegant chairs or stools.  This concept is especially gaining ground in condominiums and furnished apartments with modular kitchens.  Wooden, Metal, marble-top, mahogany-topped, vintage-style, glass-top,  or with bar stools- the gamut of kitchen islands is huge.  It is only a matter of time before they gain complete acceptance in the urban Indian kitchen.

Home security solutions

real estate developers in GhaziabadKeeping a home and its residents safe and secure from antisocial elements has been of utmost concern since time immemorial. For centuries galore, all kinds of ways and means have been devised to safeguard the home.

With soaring crime rates across Indian cities, the issue of home security has assumed humongous importance. All kinds of security apparatuses are now gaining popularity in urban Indian houses or apartments. These include the installation of CCTV cameras, Electronic Intruder Detection Systems, Video Door Phone systems and so on. The traditional system of posting security guards at one’s house gates has also not gone out of fashion.

With metropolitan cities spilling out of their borders, more and more homes are coming up around city suburbs and fringes.  While the development of these budding cities, springing next to metropolitans, is taking place at an astonishing speed- it is also true that many of the homes here are situated in remote, far-flung areas, far away from the bustling city centers. This might sound like a boon to many country lovers, yet this makes home security an absolute necessity.

Hiring security guards and keeping watchdogs and alarm systems are the expensive but preferred home security options for those with individual homes.

At the same time, the many multi-facility apartment complexes and condominiums, that are mushrooming all over these developing suburban areas and are gradually becoming a hit with India’s vast middle class, are also equipped with tight security apparatuses. These include the installation of CCTV Cameras and 24*7 Security Guard systems. Security guards do not allow intruders and trespassers to enter the complex while CCTV Cameras ensure that the movements of all suspicious persons get recorded. The full-proof security in these apartment complexes has been one of the reasons for their growing popularity.

Thus the range of home security options is wide and it is up to the discretion of home-owners to choose what they feel is the best and safest for their home!

Gardening and Landscaping Tips

Traditionally an Indian home was never complete without a courtyard and a vegetable farm. However, with space becoming a much coveted item in urban Indian clusters, gardens are increasingly becoming a rarity in most homes.

real estate developers GhaziabadAt the same time, ardent lovers of gardening are not just investing in cozy country homes located away from the city centres, new age gardening concepts like terrace gardens are also catching the fancy of verdure lovers. As a result, gardening- typically regarded a western hobby- is flowering like never before!

Be it hanging pipe planters on PVC pipes, potted tomato plants, exotic culinary herbs planted in boxes and troughs, rose gardens or traditional garden hedges- gardening comprises a wide gamut of fanciful options. One only needs a dash of imagination and innovation to create wonders with our green friends.

top real estate companies Delhi NCRWhile pipe planters on PVC pipes present an unusual gardening idea, growing potted tomatoes and other vegetables are gradually growing in popularity. Earlier, no Indian household was complete without the humble Tulsi or Basil in the front courtyard. Now again, Basil has found a special place in the kitchen gardens of gardening connoisseurs who have started growing it and other exotic herbs like thyme, sage and mint with great care. Rose gardens and traditional garden hedges call for sprawling gardens and lawns that are uncommon, but not entirely impossible to come across in the homes of the well-heeled.

Builders in NoidaIn this day and age of anxiety and stress, gardening presents a wonderful hobby in which to spend one’s time constructively. As a result, more and more urban Indians are taking it up and thereby, lending fresh dimensions to this evergreen pastime.

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