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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

For more Information:-  Sanjay rastaugiSanjay Rastogi Builder,Real Estate IndiaReal Estate Company in India,  Affordable Houses in Noida  Email Us Or SMS :SAVIOUR at 53030

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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

 

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

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

Neemrana – The next big real estate destination

Neemrana – The next big real estate destination 

Delhi NCR

It has been proposed that Neemrana, Shahjahanpur and Bahrod be included as three sub-metropolitan cities in the National Capital Region (NCR). Surprised?

Not all deserve enough to be included in the Delhi-NCR and hence, there would be strong rationale for that. Here, we will discuss what has led to this being proposed. Our analysis is for the perspective of the retail real estate investor, hoping to make decent returns over a tenure, with some odds in his favour.

In the current recessionary scenario where property prices are heading towards the downward spiral across cities, everyone is scouting for the best option to invest in the real estate space. In this scenario, there are two aspects that a real estate investor should keep in mind – ‘the price point of entry’ and ‘location & type of property’.

Gurgaon in the Delhi-NCR space has always been on a real estate investment destination map. However, lately with the rising real estate prices and recessionary environment it may no longer be an ideal investment option available or even qualify for being in the first three choices for real estate investments. Amid such a scenario, a real estate investor has to take an objective and long term view of the real estate investment.

From an investment perspective, it is better to identify satellite towns or cities that are coming up around Delhi-NCR with promising prospects. We have heard about the Gurgaon-Manesar-Bhiwadi-Neemrana-Jaipur belt being developed. These satellite cities/towns can be seen as the Dwarka-Gurgaon Expressway of yesteryears, providing an ideal price point of entry. Here, I would cover Neemrana, the least heard about as an investment destination.

Till a couple of years back, Neemrana was known as the tourist destination only with Neemrana Fort attracting foreign and domestic tourists. However, change in the state government policies with respect to setting up of businesses and attracting foreign companies to set up businesses, turned the tide for Neemrana. This was also because the place was marked by the government for setting up of business and supporting residential units, not to speak about necessary infrastructure support that will come up to support both of them.

Here, we are considering the DMIC (Delhi-Mumbai Industrial Corridor), wherein it has been decided to include Neemrana and Kushkheda, in the first phase, with development of industrial townships here on the lines of Noida, Faridabad and Gurgaon.

 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

Over 150 million sq ft of new office space by 2017: CBRE

New Delhi: The commercial office segment of India’s top cities is expected to see fresh supply addition of more than 150 million sq.ft by end-2017. According to CBRE Research, the next four to five years (including the concluding months of 2013) are slated to see the completion of a number of under construction and planned commercial office projects—almost comparable to the existing Grade A office space of India’s National Capital Region (NCR) and its financial capital put together.

The top seven cities in the next few years, could, therefore, potentially see completion of office space worth the market size of yet another Mumbai and Delhi NCR. At this stage, it would be interesting to consider the exponential growth of India’s investment grade commercial office footprint over the last ten years. From a total Grade A office space stock of about 42 million sq.ft across the top cities in 2003, to the current market space of more than 400 million sq.ft—the sector has witnessed growth in excess of 800% over the last decade.

With respect to Asia Pacific, although Tokyo clearly sets the benchmark for office space development in the region, the supply growth anticipated in the commercial markets of Hong Kong and Singapore will nearly double that of Tokyo in the coming years.Going forward, however, the commercial Grade A office markets of Bangalore, Mumbai and the NCR are likely to observe some of the highest growth rates in the region.

These three metropolitan centers—together with the tier-II locations of Chennai, Hyderabad, Pune and Kolkata—have more then 150 million sq.ft lined up for completion within the next four to five years. Bangalore, in fact, would be comparable to the development patterns of Shanghai’s office market, while those of Mumbai and the NCR would be comparable to Kuala Lampur and Bangkok, respectively. Substantial opportunity, however, lies for further growth as the commercial office real estate space in the country’s major hubs continues to be lesser than other developed global cities, such as New York and London.

The three major metropolitan centres of Bangalore, Delhi NCR and Mumbai are slated to account for nearly three quarters of this planned supply, with Bangalore and the NCR alone expected to contribute to more than half of the total upcoming office space addition by 2017-end. Most of these are planned and under-construction IT/ITeS spaces. Gurgaon and Noida are likely to attract the maximum number of these projects in the Delhi NCR; and quite a few micro-markets in Bangalore too are expected to follow suit. While the Outer Ring Road (ORR) stretch is anticipated to witness more than half of the supply set to hit Bangalore in the next four years, the rest of the city’s upcoming office space will come up in the North Bangalore area, followed by Whitefield and Electronic City.

IT/ITeS development being fairly recent in Mumbai, in comparison to the other two major Indian cities, the metropolis accounts for lesser supply addition. The fact that the core city does not offer much scope for additional space creation, also adds to a comparatively conservative supply plan for office space. The peripheral business districts of Thane and Navi Mumbai are expected to witness maximum supply in the next four to five years, followed by the suburban Bandra-Kurla Complex (BKC), and the commercial micro-markets of Malad and Goregaon.

The period 2014–15 is likely to see the maximum share of this upcoming supply, since projects slated for a release during this period are both spill-overs of pent up supply from 2013–14, as well as planned projects already under-construction. With a considerable level of supply lined up for 2014–15, rental values of select micro-markets—such as Gurgaon, ORR, Thane and Navi Mumbai—are likely to remain under pressure.

While the total office space shares of the three main cities are anticipated to see a rise in the coming years—Bangalore is likely to occupythe maximum share, followed equally by Mumbai and the NCR—the tier-II locations of Kolkata, Pune, Chennai and Hyderabad are actually going to see a comparative slide, albeit slight; in the total share of commercial office space. In the long run, such a top-heavy growth pattern may prove unwieldy for India’s commercial real estate sector.Another indicative trend worth noting is the growth of urban sprawls across the top Indian cities, with commercial development spiralling outward from existing urban centers towards peripheral locations. Land value is usually considered to be the chief driver of development patterns; and when property values are lower on the periphery of urban centers,land is consumed at a faster rate as populations and businesses shift from urban cores to suburban fringes.

This projected expansion of India’s real estate sector, however, is subject to an effective utilization of the potential opportunities for growth, and implementation of relevant policy measures to resolve bottlenecks plaguing the industry.

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

How to generate superior returns from property investment

How to generate superior returns from property investment

Investing in property requires sizeable capital. Several times, people who do not have experience and expertise in the real estate market prefer to stay away from it. They are aware that investing in real estate could be rewarding, especially at a time when other financial instruments such as equities, mutual funds and commodities have been generating average returns which are lesser than a good investment in real estate. So what is the solution? Should they just jump the gun, invest and run into uncalculated risks? Is there any other way? Here are some ways through which one can invest in real estate and generate hassle-free returns.

Real Estate funds

Often mistaken as Real Estate Mutual Funds (REMFs), these funds have no relation to the equity markets. REMFs invest in the shares of real estate companies listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Given this nature of investment, REMFs are intrinsically associated with stock market volatility. Real estate funds, at the other end, invest in real estate projects.

How to invest in Real Estate funds?

At present, there are six Real Estate funds operational in India: HDFC, ICICI, Birla, Piramal IndiaREIT, Milestone and Dewan Housing. Now the question is how to invest in these funds and what is the minimum level of investment?
Currently, only Piramal IndiaREIT Fund V is open for subscription. The fund aims to achieve the target of Rs 1,000 crore and has collected Rs 750 crore so far. “I think, the rest of the amount will be collected in the next two weeks,” said Dhiraj Mittal, chief executive officer, Prime Capital Services. The minimum ticket size for investing in this fund is Rs 25 lakh, and then one can buy units in the multiples of Rs 1 lakh per unit.

An investor does not need to pay the entire amount upfront. At first, he has to pay 10 per cent of the total amount, and then the rest of the amount in a period as specified by the Fund house. The payment is spread over several months.

What is the expected Return on Investment (ROI)?

“These funds generate post-tax annual returns in the range of 10-20 per cent. The returns may vary depending on the economic and business environment,” Mittal added. Also, there is a lock-in period of 6 years as well. Large and mid-cap funds, at the other end, generated returns to the tune of 6.31 per cent in 2012-13.

As per the company reports, the Piramal IndiaREIT Fund I which was launched in 2006, posted an internal rate of return (IRR) at 30.2%. Fund II posted IRR at 20.9 per cent. IRR for Fund III and fund IV have not been declared yet.

Who can invest?

As per the guidelines of the Securities and Exchange Board of India (SEBI), all Indian resident individuals, Hindu Undivided Families (HUFs), corporate houses, financial institutions and trusts are allowed to invest in the Real Estate funds. “NRIs cannot invest in such funds,” said Rajat Dhar, managing partner, Cogent Advisory.

 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

Builders’ details to be uploaded on government websites

NOIDA: In a move that will aid buyers in choosing legally sound projects, the Noida, Greater Noida and Yamuna authorities are planning to upload details of all builders constructing housing projects on their official websites. The decision was taken after Uttar Pradesh chief minister Akhilesh Yadav directed the authorities to ensure protection for buyers and design a route to evade property-related cheatings.

The chairman of Noida, Greater Noida and Yamuna Expressway authorities, Rama Raman, said directions have been issued to start the process to buy server space for the websites to upload property-related details.

Aggrieved buyers have been demanding for a long time that details of all builders’ projects should be made available online. “Checking legality of land and developers projects would be just a click away. We have planned to upload all land ownership and title-related details on our website. Apart from that, lease deed conditions, status of sanctioning building layout plan and other NOCs and notices issued to developers will also be uploaded,” said Rama Raman.

“We have also asked the developers to upload the sanctioned layout plan copy and other approvals on their company websites as well,” Raman added. “We hope to complete the entire process by the year end,” said Manoj Rai, OSD, Noida Authority.

“The region has become a den for land sharks who have been cheating innocent investors. Even though several property frauds have been committed, they have hardly been reported due to laxity by police and authorities,” said a homebuyer.

Developers have welcomed the decision and hope this would be a great step towards ensuring transparency. “This move will instill confidence in the real estate sector. Now buyers will be able to identify genuine developers from fraudulent ones. Apart from that, this decision will increase the faith of investors in the real estate market in this region,” said Vijay Gupta of Orris Infrastructure.

“This move will undoubtedly be a significant tool for all prospective buyers to understand the nature of projects in a better manner. Incomplete information is more harmful than no information. Hence, availability of information on authorities’ website would enable buyers to take a better decision towards their investment,” said Brijesh Bhanote, director (sales & marketing), The 3C Company.

The association of developers, CREDAI, now hopes to get NRIs to invest in the projects. “An investor sitting kilometres away from Noida would be able to check the legality through authentic government websites,” said RK Arora, CMD Supertech and vice-president CREDAI (Western UP).

Source :indianrealtynews.com

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

Top realtors rush to hills to tap holiday home demand

Luxury holiday homes in the hills are once again becoming an object of desire and India’s top real estate companies are ready to meet this demand, especially as the slowdown has eroded sales in urban markets. Entrepreneurs, retired industrialists and top executives are all looking to pick up a second home to get away from the hassles of city life.

While small local developers have been offering homes in the hills in places such as Shimla, Kasauli, Nainital and elsewhere, it’s the entry of larger national players such as DLF and Tata Housing, besides others such as Fire Capital and Woodside Developments that has energised the market.

Tata Housing has launched a gated project in Kasauli in Himachal Pradesh which will have 70 villas spread across 24 acres. The Myst villas are priced at Rs 3.5-8 crore. Woodside Developments is close to completing a project in Kasauli with 35 villas of 2,800-5,000 sq ft area and a clubhouse.

Buyers include Dabur Group chairman emeritus Vivek Burman, Ambuja Cements chairman emeritus Suresh Neotia, Rajya Sabha MP and lawyer Abhishek Manu Singhvi, Arun Bharat Ram of SRF Group, Deepak Jain of Lumax Industries and Ram Sarvepalli, partner at EY. DLF has launched one project each in Kasauli and Shimla, where it is selling plots as well as homes.

“Luxury developments in the hills are the most sought after today as ideal holiday home destinations,” said Jaiwant Daulat Singh, director, Woodside Developments. The market has grown in the last few years as people have moved beyond beach destina tions for holiday homes.

Gated communities in the hills are a new concept, said Rajeeb K Dash, head of marketing at Tata Housing. “People are looking for a contemporary lifestyle even in their holiday destinations.”

Tata Housing has sold close to 20% of inventory in the first destinaphase of its Kasauli project, marketed as a mix of lifestyle and nature. “Ours is a biophilic design,” he said, which implies harmony with nature.

Until recently, there weren’t too many options for buyers except for projects built by local developers where quality was an issue, said Mudassir Zaidi, national director, residential, Knight Frank India. “Now with some credible developers in the fray, people know what to expect.”

Private equity fund Fire Capital has entered the segment with a luxury apartment project called Clouds’ End in Kufri, also in Himachal Pradesh, where apartment sizes have been deliberately kept small to bring down the ticket size —Rs 60 lakh to Rs 1.5 crore.

Change in law helps buyers

In states such as Himachal Pradesh buying property isn’t easy for people from outside the state. They can, however, buy land from an agriculturist if they get approval under Section 118 of the Land Reform Act of 1972.

The new Town and Country Planning Act that was put in place in September to replace the erstwhile Himuda Act of 2005 has brought more clarity to the transfer/conveyance of land and buildings for projects approved under Section 118. This means apartments in projects by developers which have approval under Section 118 can be bought by outsiders.

Source:  magicbricks.com

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

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