property Investment property Advisor -property Age

At a short drive from New Delhi is the upcoming project in Faridabad - KLJ Greens. the complex is meticulously planned with 2, 3 and 4 bedroom apartments, earthquake resistant structure, power back-up and round the clock security.

For recreation and rejuvenation the complex will have a club, swimming pool, tennis court, greens and jogging tracks. there will also ba a shopping centre stocking the best brands, as well as provision for medical facilities for the residents.

Any further info log on to www.propertycafeteria.com

By Pass Will Rid Capital of Truck Manace

After extending the deadline for submission of tenders twice, National Highways Authority of India (NHAI) has finally received a tender for Kundli-Ghaziabad-Palwal (KGP) Expressway. The 136-km expressway, to be built at the cost of Rs 2,676 crore, is expected to decongest Delhi roads as it will provide a bypass to trucks that use Delhi roads to go to Uttar Pradesh and Haryana.

According to NHAI sources, Reliance Infrastructure has emerged as the sole bidder for the green field project, popularly known as Eastern Peripheral Expressway. With transport secretary Brahm Dutt ruling out any further extension to complete the bidding process, it is expected that the final bidder will start the work by mid 2009. The project is expected to be completed by mid 2012. Sources said over 80% of land acquisition for the project has been completed.

The project involves construction of a six-lane expressway with access control highway connecting Faridabad, Noida, Gaziabad and Sonepat. It will also act as bypass to Delhi with a concession period of 20 years. The expressway is specifically designed to decongest the city traffic under Delhi High Court instructions.

The project takes off from NH-1 in Kundli , crosses Yamuna near Mawikalan, Hindon river near Sharfabad, NH-58 near Duhai, NH-24 near Dasna, NH-91 near Beelakbarpur, Kasna-Sikandrabad road near Sirsa, re-crosses Yamuna near Fajjupur Khadar, Atali-Chinsa near Maujpur and meets NH-2 beyond Palwal. It will pass through Sonipat and Faridabad in Haryana and Baghpat, Ghaziabad and Gautam Budh Nagar in Uttar Pradesh.

NHAI officials said the speed limit on the expressway will be 120 kmph. The project includes construction of three major bridges two across Yamuna and one across Hindon river besides 43 other bridges over canals and drains. Also, there will be 59 underpasses for pedestrians. For locals, the developer will construct service roads of about 90 km, which will provide connectivity between different areas along the expressway.

The 135.6km Western Peripheral Expressway (Kundli-Manesar-Palwal) is scheduled to be completed by the end of 2009. The two expressways will allow trucks to reach industrial townships in Haryana and Uttar Pradesh without entering Delhi. The KMP expressway is being built at the investment of Rs 1915 crore excluding the cost of land amounting to Rs 630 crore.

Courtesy:- Times City dtd:- 25^th Dec. 2008

Omaxe presents ultra luxurious apartments - Twin Tower, located in the premium Sec 50 in Noida. Designed by renowned Australian architects OIA, this is a marvel in the architectural landscape of Noida. It offers 3 bedroom air-conditioned apartments and has world class amenities like swimming pool, gymnasium, wave pool. Spread across 3.5 acres of prime real estate Twin Towers offers 140 apartments, housed in two towers of G+19 floors each.

The project is ideally located in the most prime and habitated area of Noida and is very well connected through the road and the proposed metro rail and monorail. The project is 2-3 kms from the commercial hub Atta Market. The Sector 37 Golf Course is a mere 1km from the site another golf course is proposed in close vicinity. The Fortis and Kailash Hospitals are nearby.

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

Emaar MGF presents Palm Drive , a community spread across 37.8 acres of land, designed for contemporary living in green sanctuary settings of Gurgaon, one of the commercial hubs of the National Capital Region. Prime Drive offers its buyer with sufficient options to choose between the convenience of stylish premium apartment living, or the opulence and freedom of a beautiful spacious villa and sky terraces. The Premium Terraces and The Sky Terraces are G +18 high rise towers with 3 & 4 BHK premium apartments.  The highlight of the premium terrace towers will be the spectacular four and five bedroom penthouses, which will provide breathtaking views from their landscaped balconies over greens and beyond. The Villas with four or five bedrooms will have generous interiors with high-ceilings and give a liberating impression of spaciousness. Each villa will feature landscaped balconies, roof gardens and pocket gardens, which embellish the exterior with an attractive natural look.
International standard specifications and a wide range of amenities like club house, Golf Course, swimming pool, world class gymnasium, tennis court, Jacuzzi, Multi-Purpose Function Hall, Home Theatre Room etc. Any further info Log on to http://www.zameen-zaidad.com/

Saamag Construction and SARE has launched new project Crescent Parc Ebony Heights is located in NH 24, Ghaziabad. Saamag Group Crescent Parc Ebony Heights has three towers which are spread over an area of approximately 8 acres. These luxurious apartments will be a unique bliss of colors, sounds and textures. Ebony Heights offers 2, 3 bedroom and duplex apartments with unique features like 80% open space, sky gardens on the 12th floor, terrace garden on the 25th floor, sunken gardens having excellent amenities Wi-fi Connectivity, club with swimming pool, gymnasium, sports facility, Cafeteria and more.

Distance Chart
a) Ghaziabad Railway Station - 6kms
b) Noida - 10kms
c) Akshardham Temple - 22kms
d) Delhi Border - 18kms
e) Connaught Place - 28kms
f) IGI Airport - 44kms

Energy and Environment Friendly Design
The building design and practices at Crescent ParC conform to promoting an eco friendly environment. Care has been taken to allow maximum natural light into all dwelling units. Apartments have been designed to be 4-side open and each room has been provided with a balcony. The windows have been installed with heat resistant glass to keep the houses naturally cool.

• Green Homes Compliant
• Rain water harvesting
• Efficient water management
• Efficient building management systems

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

Mumbai, Aug 22 Atul Ruia-promoted real estate developer Phoenix Mills has raised € 200 million (about Rs 1,300 crore) from German real estate fund MPC Synergy, in what is claimed to be the second biggest foreign direct investment in the Indian real estate market.
MPC Synergy, a joint venture between German’s MPC Capital AG and Geneva-based Synergy Asset Management SA, has picked up equity stakes ranging from 10 to 49 per cent in several projects promoted by Phoenix Mills and its two subsidiaries - Entertainment World Developers and Big Apple.
Phoenix holds about 42 per cent stake in Entertainment World Developers and 60 per cent in Big Apple.
Phoenix Mills, through its subsidiaries, is executing projects in cities such as Mumbai, Chennai, Pune, Bangalore, Indore, Raipur, Udaipur and Chandigarh.

The Modern City is located next to the most developed sectors of the modern FARIDABAD. Located next to the Agra Canal with a proposed Flyover, the Modern City will be accessible from already developed posh colonies of Sector 15, 15A, 13, 14, 11 and 9. Faridabad is one of the leading industrial towns of Haryana with corporates like Bata, Escorts, Thompson Press, ABB, Kelvinator, Talbros etc setting up their factories. This Modern City is connected by broad roads and is just minutes away from the posh South Delhi locations of GK-I/II and only 22 kms from the Ashram Chowk. It is just 2 kms from the Highway with a well-developed access. Already approved express highway from NOIDA is right on the corner with the Palwal and Gurgaon expressway merging near our site. After construction of this expressway our township would be mere 10 mins drive from Ashram Chowk and Noida. We plan to develop this Modern city as an alternative to already existing mid level development by various Government and Private Developers. This would be a 500 Acre self sufficient complex having its own Schools, Hospitals, Post Office, Telephone Exchange, Public Transport, Shopping Malls Commercial Complexes etc.  

ourtesy BS dtd:- 3rd Dec. 2008

May also create a Rs. 25,000 crore fund to buy out distressed assets

In a bid to revive the real estate sector, the government is likely to come out with a slew of measures to bolster demand and also to bail out cash-strapped developers. Real estate sales have fallen drastically in November and are expected to fall further in the coming months. This has brought several developers to the brink of bankruptcy.

Sources in the government said that measures in the pipeline include increasing the home loan limit from Rs 20 lakh to Rs 40 lakh under priority sector lending, redefining the norms for non-performing assets (NPA) and enhancing the limit of tax benefits, particularly for first-time home buyers.

In addition the government is contemplating to provide refinance facilities to banks and housing finance companies such as HDFC and LIC Housing Finance and also to create a fund of around Rs 25,000 crore to buy out distressed assets, the sources said.

Unlike any other sector, in real estate any restructured loan remains a non-performing asset. As a result, banks are not interested in restructuring such loans, the sources said. As the outstanding debt in the real estate sector is around of Rs. 50,000 crore such a change in the NPA norms is important for both lenders as well as the borrowers they added.

The real estate sector needs to be redefined as the housing and construction sector, said KP Singh, chairman of DLF Ltd, India’s largest real estate player. “This sector is the engine of economic growth and the government must take sufficient measures to bring back the confidence of buyers and increase the demand of end-users to wad off the recession. Otherwise, its cascading effect will be severe for economic growth.”

“The government must bring down the cost of funds for developers and change the NPA norms for the real estate sector,” said Sanjay Chandra, managing director of Unitech Ltd, the second-largest developer in the country.

The sources said that senior officials from the Ministry of Finance, the Ministry of Urban Affairs and the Planning Commission have met these developers and representatives of the Confederation of Real Estate Developers Associations of India (CREDAI) and National Real Estate Development Council (NAREDCO).

In one of the meetings, Rohtas Goel, the NAREDCO chairman and the chairman and managing director of Omaxe Ltd, suggested that the government should create a special distress fund of Rs.25,000 crore to buy out assets at reserve price. The reserve price can be fixed in consultation with banks and independent valuers.

Goel said that in case the government creates a fund, it would send a strong signal and many investors and end-users, currently waiting at the fence anticipating a further fall in price, would come back to the market.

Courtesy BS dtd:- 3rd Dec. 2008

Commercial real estate has been hugely successful for many people. Big names that come to mind are Trump and Zell are just two names that come to mind who have made billions in commercial real estate. The question becomes, with all of the complexities involved in large property transactions, where does someone go to train to be a commercial real estate broker?This article will talk about some of the sources for training in this field that will help people get practical experience and understanding of how the commercial real estate market works.Your best source of training for commercial property is to find entry level work in a successful commercial real estate company. It doesn’t really matter if it is a receptionist position or working in the mailroom. Just being surrounded by the conversations involved the buying and selling process will give you a first class education in the intricacies of a transaction. It is a great way to get first hand experience while you complete your formal training and will help build your resume for future jobs in higher level positions.Degrees to consider for future commercial brokers are law degrees and MBA programs with a focus on finance. Commercial transactions require extensive detailed contracts concerning the exchange of incredibly expensive property or multi year leasing agreements. With that in mind, an understanding of the law or the ability to structure beneficial financing packages will have a huge effect on your success as a broker.For those that do not wish to go the formal education route, sales experience is a must and can be much more highly prized than a degree. The truth is that several people can handle the technical side of a commercial transaction, but the ability to bring parties together and reach amicable agreements is a talent that will make a commercial real estate broker very successful. Take a sales training class to sharpen your skills and get out in the real world of sales to learn how to overcome objections and make a deal work.Finally, you need to find a professional commercial real estate training center that will educate you and take you through the licensing process. Continuing education is the name of this game as will not only need a commercial broker license, but need to constantly keep up to date on new best real estate practices, so that you can be a leader in your field.Commercial real estate training is a constant and evolving process that once starts will never stop. As you learn to become a broker, your understanding of the business world will grow as your income increases. Take the time for serious training early on and you will reap the rewards for years to come.Any further info log on to http://www.zameen-zaizad.com

  Finance minister P Chidambaram assured realty firms that government will impress upon banks to accelerate lending to realty, which is facing one of the worst slowdown in the recent times. A delegation of builders under the Confederation of Real Estate developers’ Association of India (Credai), met Chidambaram on Wednesday to complain against banks’ reluctance to disburse loans to the real estate companies.

A source, who was present in the meeting, said the government accepted that real estate is an engine of growth. At a time when the economy is facing a threat of slowdown, the sector could be used to revive it. Chidambaram, it is learnt, told the delegation that the government will not only help infusing liquidity in the system, but will also work to bring down the interest rates.

In the last couple of years, realty has been affected adversely because of rise in interest rates, which went up from 8% to around 12%. The interest rate was increased because of the sharp rise in prices of real estate assets, which RBI thought could create a bubble. To discourage the price rise, RBI tightened the provisioning norms, making loans to the sector costlier. At the same time, in the last nine months, when the inflation shot up to cross 6%, level RBI started tightening liquidity to keep price rise under check.

Such a steep rise in the interest rates increased the equated monthly instalment (EMI) of a loan for the same period by almost 40%. This has affected affordability factor of buyers adversely and in turn brought down buying of houses. According to the source,FM said the situation has now changed and the policy would also be tweaked accordingly, so that the interest rate on home loan comes down, making it more affordable.

It is learnt that RBI is considering removing the high risk weightage on the home loan to enable banks to lend at lower rates. At present, banks have to make provisioning of higher capital against the home loan of more than Rs 30 lakh. Because of this, the interest rate of home loan above that slab is around one percentage point higher than that of less than Rs 30 lakh.

                                                                Courtesy November 14, 2008 Indian realty