Monthly Archives: April 2013

Gaurs 60 Days 60 Cars Carnival

If you book a property in Gaur City and Gaur City 2, you can win a car everyday for the next 60 days, and one lucky person out of those who miss a car will win crore rupees..!!

Starting from 26th April to 24th June, 2013 at Gaur City Site Greater Noida West (Popularly known as Noida Extension).

Click here to Register for the Carnival

Resident Apartment in Noida

Click here to Register for the Carnival

For any information on Saviour Builders Pvt. Ltd., Mail us at pr@geniepr.com.

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Property index rises by 3 per cent in Q4

Bangalore topped the chart of the11 city index at seven per cent increase followed by Gurgaon and Noida at five per cent. Mumbai and Kolkata registered a rise of four per cent each while Delhi and Ghaziabad saw a rise of three per cent each in the city index values.

Indicating a resurgence of the real estate market, the MagicBricks.com National Property Index (NPI) rose by three per cent in the January to March 2013 quarter. The NPI is a weighted average of city indices. The growth was tracked by PropIndex, a quarterly report which is based on dynamic data mined from the portal, to show the levels of supply and the type of property listed in each locality, in 11 cities across the country. These are cleaned with complex algorithms to remove outliers and arrive at the index values at locality, city and national levels.

Among the 11 cities tracked in the apartment index, eight have seen a rise but others registered a marginal drop in the city index. While Bangalore, Gurgaon, Noida, Mumbai, Kolkata, Delhi, Pune and Ghaziabad witnessed a rise in city index values, Chennai, Hyderabad and Ahmedabad recorded a 2-6 per cent drop during the quarter.

Bangalore topped the chart of the 11 city index with a 7 per cent increase followed by Gurgaon and Noida at 5 per cent rise each. Mumbai and Kolkata registered a rise of 4 per cent each while Delhi, Pune and Ghaziabad saw a rise of 3 per cent each in the city index values. Developers attribute the growth in Bangalore to increasing buyer confidence due to improved scenario in the IT sector. Upward price trends in 75 per cent localities of the city too pushed up the price monitor.

The Gurgaon and Noida index rose 5 per cent each during the January-March 2013 quarter. The upcoming sectors in Gurgaon undergoing a change in landscape with the development of residences, offices, commercial shops, recorded an appreciation of property prices. In Noida, the rise in average property prices in 89 per cent localities, led to a spurt in the listed price monitor. Sector 50, 62 and 61 remained the most preferred locality for consumers in this category, for buying and renting.

The Mumbai and Kolkata index rose 4 per cent each during the same quarter. Multi-storeyed apartments of 1-BHK units, continued to be most in demand, especially in Thane. Buyers’ budget preference analysis showed that property in the Rs 50-100 lakh range topped the consumer demand chart. In Kolkata, 63 per cent localities across the city witnessed positive trend in capital values.

The Delhi index registered a rise in index value by 3 per cent quarter-on- quarter in the past nine months. The listed price monitor showed that close to 59 per cent localities in the city witnessed an uptrend in average capital values. The Pune city index registered a 3 per cent growth rate quarter-on-quarter in the past six months. Most areas in the city witnessed an uptrend.

The Ghaziabad index witnessed a 3 per cent increase. Indirapuram, Raj Nagar Extension and Crossings Republik witnessed maximum buyer interest and remained the most active areas in the last six months.

The Ahmedabad city index recorded 2 per cent drop in the January-March 2013 quarter. Multi-storeyed apartments, especially 2-BHK units in the price range of Rs 20-30 lakh continued to witness maximum consumer demand.

The Chennai property index dropped by 6 per cent during the January-March 2013 quarter as compared to the previous quarter. The Chennai listed price monitor too reported a fall, primarily due to an oversupply in certain localities. The Hyderabad city index fell 3 per cent during the same quarter. In the last one year, the city has not witnessed any major expansion of IT/MNCs. There has been cautious buying by the existing IT population.

Key findings of PropIndex

• Residential property in the Rs 30-50 lakh range continued to top the consumer demand chart by (23 per cent).

• Premium residential properties in the Rs 2 crore and above range, witnessed healthy buyer interest (13 per cent).

• In spite of a cautious approach among buyers, listings price continued to remain up.

• Six out of 11 cities witnessed over 50 per cent demand for 2-BHK units.

Source: The Economic Times, New Delhi, April 30, 2013, page – 13

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Gaursons 60 – Day Property Carnival

Buy Flats In Greater NoidaSource: The Indian Express, April 27, 2013, Page – 07

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Gaursons – Saviour to develop Noida Township

Commercial Property in GhaziabadSource: The Hindu Business Line, April 27, 2013, Page – 19

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Gaursons – Saviour will invest 5000 crore

Real Estate Groups in IndiaSource: Rastriya Sahara, April 27, 2013, Page – 12

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Gaursons – Celebrating 18 years of Trust

Buy Flats In Greater Noida

 

Source: Navbharat Times, April 27, 2013, Page – 14_b

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Gaursons presents the 60 Days Property Carnival

Property CarnivalSource: Amar Ujala (Noida-Greater Noida), April 27, 2013, Page – 04

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Gaursons-Saviour to invest Rs 5000cr on township in Noida Extn

Gaursons and Saviour would develop about 25,000 housing units in the township ‘Gaur City’ over the next five years.

Realty firm Gaursons and Saviour today said they are jointly developing a 240-acre township in the Noida Extension with an investment of Rs 5,000 crore.

Gaursons and Saviour would develop about 25,000 housing units in the township ‘Gaur City’ over the next five years.

“We have got about 240 acre land from local authority for township development. We have so far launched 12,000 homes for sale,” Gaursons India Ltd Managing Director Manoj Gaur told reporters.

The units are available at an all inclusive price of Rs 3,500-4,000 per sq ft, he added.

“The total cost to develop the township would be about Rs 5,000 crore,” Gaur said, adding that the investment would be funded through bank debt, advances from customers and internal accruals from both the partners.

The construction has started in Noida Extension after settlement of land acquisition issues with farmers, he said.

“We will give possession of about 2,500 flats in 2014. The entire township will be completed in the next five years,” Gaur said.

Asked about the nature of partnership with Saviour, Gaur said it’s a 50:50 joint venture between the two partners.

In the township, he said the company will develop a 18- acre sports complex, shopping malls and multiplexes among other infrastructure facilities.

On completing 18 years of operations, Gaur said that the company would organised a property exhibition for next 60 days for sale of the housing units in this township. It would offer 60 cars and Rs 1 crore as gift in the lucky draw.

Gaursons has delivered many housing projects in last 18 years mostly in Ghaziabad and Noida.

Source: Business Standard, Press Trust of India  |  New Delhi  April 26, 2013

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Gaursons-Saviour to invest Rs 5000cr on township in Noida Extension

Realty firm Gaursons and Saviour today said they are jointly developing a 240-acre township in the Noida Extension with an investment of Rs 5,000 crore. 

Gaursons and Saviour would develop about 25,000 housing units in the township ‘Gaur City’ over the next five years. 

“We have got about 240 acre land from local authority for township development. We have so far launched 12,000 homes for sale,” Gaursons India Ltd Managing Director Manoj Gaur told reporters. 

The units are available at an all inclusive price of Rs 3,500-4,000 per sq ft, he added. 

“The total cost to develop the township would be about Rs 5,000 crore,” Gaur said, adding that the investment would be funded through bank debt, advances from customers and internal accruals from both the partners. 

The construction has started in Noida Extension after settlement of land acquisition issues with farmers, he said. 

“We will give possession of about 2,500 flats in 2014. The entire township will be completed in the next five years,” Gaur said. 

Asked about the nature of partnership with Saviour, Gaur said it’s a 50:50 joint venture between the two partners. 

In the township, he said the company will develop a 18- acre sports complex, shopping malls and multiplexes among other infrastructure facilities. 

On completing 18 years of operations, Gaur said that the company would organised a property exhibition for next 60 days for sale of the housing units in this township. It would offer 60 cars and Rs 1 crore as gift in the lucky draw. 

Gaursons has delivered many housing projects in last 18 years mostly in Ghaziabad and Noida.

Source: The Economic Times, New Delhi, 26 Apr, 2013

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18 realty firms under scanner for forgeries, dubious schemes: Government

The finance ministry on Friday said that the government is probing 18 real estate firms across the country for alleged forgeries and running dubious investment schemes. 

In a written reply to a question in Lok Sabha, minister of state for finance Namo Narain Meena gave out the details of the companies against which the government had received complained and taken action for committing various forgeries and launching wrong/dubious investment schemes. 

Ten of these companies had received a clean chit from the SEBI that they were not running collective investment schemes. 

The stock market watchdog was still examining complaints against seven entities while it had found prima facie that two companies were running collective investment scheme and was in the process of taking suitable action against them. 

These two companies are Ecogreen Real Estate India Ltd and Ken Infratech Ltd. Sukhchain Singh, managing director of Delhi-registered Ken Infratech, said his company did not run any collective investment scheme. We have not got any letter from the government enquiring from us, he said. 

Different agencies have already initiated action against another eight companies — Alchemist Infra Reality Ltd, PACL Ltd, KBCL India Ltd, SGS Agro Farm Ltd, RBN Real Estate and Allied India, Maitreya Plotters and Structurals Pvt Ltd, Megacity Bangalore Developers and Builders Pvt Ltd and Sai Prasad Properties Ltd. 

In the case of Jain Housing and Constructions Hyderabad Ltd the company’s reply is awaited. Sebi is still examining complaints against Nicer Green Housing, Imbowers Housing and Infrastructure Ltd, IHI Developers India Ltd, Servehit Housing and Infrastructure Ltd,Taneja Developers and Infrastructure (Panipat) Ltd, Royal Infra Towers Ltd and Maxworth Buildtech Ltd. 

In the case of Alchemist Infra Reality Ltd the Delhi High Court has granted an interim stay against investigation ordered by the finance ministry. 

AC Michael, Vice President – Corporate Communication, at Taneja Developers and Infrastructure said: “Our company is not into chit fund scheme. The concern relates to fully secured Non Convertible Debentures raised through Karvy Realty India Limited. Also, we have not received any notice from SEBI.”

Source: The Economic Times Wealth, New Delhi, April 29, 2013

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