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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

For more Information:-  Sanjay rastaugiSanjay Rastogi Builder,Real Estate IndiaReal Estate Company in India,  Affordable Houses in Noida , Residential flat in Ghazibad

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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

For more Information:-  Sanjay rastaugiSanjay Rastogi Builder,Real Estate IndiaReal Estate Company in India,  Affordable Houses in Noida , Residential flat in Ghazibad

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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

For more Information:-  Sanjay rastaugiSanjay Rastogi Builder,Real Estate IndiaReal Estate Company in India,  Affordable Houses in Noida , Residential flat in Ghazibad

Email Us Or SMS :SAVIOUR at 53030

 

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.”

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

Price Hike Spoile Sale

 

 

 

 

Saviour Builders

 

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

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

Sanjay Rastogi

 

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

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

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

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

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

 

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

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

 

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

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