Alliance Nirmaan Limited Launches ResidentialProject CITY ONE in RUDRAPUR
Abode of gods and land of sages – that s what Uttrakhand is
most famously revered as. The state is globally renowned for its adventure,
valley of flowers, and crisp Himalayan air. Add to it the lure of religious
tourism – the
state is home to the Chardhams. The state government is taking all possible
steps to promote the state as a religious & adventure tourism destination,
with an eye on the industrial growth. The industrial belts and SEZs are being
developed in and around Dehradun, Rudrapur, Haridwar, etc to encourage rapid
and irreversible overall development of the state.
Rudrapur: A Star Industrial Hub
Rudrapur is a small and a beautiful city in the Udham Singh
Nagar District in Uttrakhand and is known as “The Gateway to
Kumaon Hills”. Rudrapur’s ascendance as a star industrial hub and a modern
urban center has been prompted by economic, demographic and geographic factors,
and the centre s tax holiday for industries is giving a boast to this
development. These factors have combined in making Rudrapur one of the hottest
real estate markets today.
Economic Incentives: -The rush in real estate developments
is primarily the result of tax and economic incentives announced by the central
and state governments to prompt industrial growth. The latest scramble has been
triggered by the declaration of Rudrapur as a non-tariff area for central
excise, custom and sales tax duties for a period of 10 years. This span may
also be extended by the central government. This has prompted industry players
to set up big plants here. And, numerous
corporate houses have already gained a foothold here. Companies that begin
production before a cut off date and are in the notified industrial areas were
offered 100% excise exemption for 10 years, 100 % income tax exemption for the
first 5 years and 30% for the following 5 years. They have been offered
concessional central sales tax of 1% for 5 years and a capital investment
subsidy of 15% with a cap of Rs. 30 lakh. The total expected employment
generation would be around 44000 in SIDCUL alone.
This Uttrakhand town in the plains is emerging as one of the
fastest growing industrial spots in the country with big Indian and
Multinational companies of the likes of Nestle, Tata, Britannia, Dabur, Honda,
Bajaj, Parle, Jindal, Mahindra & Mahindra and Voltas, to name a few,
investing over Rs. 30000 crore. With around 400 companies expected to start
operations in the next one-year alone, Rudrapur is poised to be the new
industrial hub of India
PIYUSH GREENS LAUCHES RESIDENTIAL PROJECT IN RUDRAPUR
Peace tranquility store space in harmony with nature at the
Piyush Group Housing Project, Rudrapur not far from the scenic lakes, Nainital.
Our Group Housing
project , spread over an area of 6,50,000 sq. ft. on Rudrapur - Falsunga
Road comprises over 520 apartments of 2 & 3 Bedroom in 5 Levels.
The project is located 3 kms from the main city in Kicha
Road and is opposite to Radha Swami
Project.
Piyush group has ventured into various facets of real Estate and construction. In the
Indian real estate scenerio, Piyush Group is involved in development of
Integrated Township, Group Housing Projects, Commercial Mall....
Supertech “GreenVillage”
Residency……….Lifestyle Redefined From concept to creation, Supertech Green Village Residency shall
be a towering example of intense innovation, astute planning and extra-ordinary
implementation. MEERUT, the fastest growing City in Northern
India, has been also been adjudged as the best investment location
in the NCR region. We are delighted to announce the upcoming of our latest
high profile SUPERTECH Green Village Residency here.
These richly endowed luxury apartments
will indeed be a unique style statement in itself. With unique features
like – The Tallest Towers having G+11 stories in 1st phase, with total land area 25 acres, 7
star Club house, green area-50%, all within the complex We are delighted
to announce the upcoming of our latest high profile SUPERTECH Green Village Residencyhere. These
richly endowed luxury apartments will indeed be a unique style statement in
itself. With unique features like – The Tallest Towers having G+11 stories in 1st phase, with total land area 25 acres, 7
star Club house, green area-50%, all within the complex. Supertech
Green Village Residency will surely revolutionize the living standard of the
selected few.
Note: - 1. All cheques/ demand drafts will be in favour of “Supertech Limited”
payable at Delhi... 2. First transfer will be free for first six months. 3. The above mentioned rates are applicable for first 100
bookings
NOTE: Ř Cheque/Draft to be issued in favour of ANSAL
PROPERTIES & INFRASTRUCTURE LTD.,
payable at Panipat only. Ř Prices are subject to change and the price ruling on the date of
booking and acceptance by the company shall be applicable. Ř In
addition to the basic price mentioned above, One Covered Car Parking space @
Rs.60, 000/-less inaugural discount of Rs 10,000/- or Rs.35, 000/- less
inaugural discount of Rs 10,000/-for one open car parking is mandatory. Ř Timely
payment of installment is the essence of agreement. Ř Other
terms and conditions of sale would be as per the standard Allotment Letter /
Agreement of the company. Ř E.C.C., F.F.C and all other allied charges if
applicable will be extra. Ř E.D.C& I.D.C @ Rs165/- Psf is extra. Any
further revision in EDC or any Govt. charges / levies will be charged
extra Ř The registration charges, miscellaneous charges are in addition to
the aforesaid price. (Payable at the time of offer of possession) Ř Down
payment rebate @ 12% shall be applicable on 90% amount payable towards basic Sale
Price. Ř Preferential Location Charges (PLC) will be extra @ 4% of basic
sale price applicable on Ground Floor and 2% of basic sale price on First
Floor.
A. Down Payment Plan with 12%
Discount
At the time of Allotment 5% Within
45 days from the date of Allotment 90 % Less down payment discount
12% At the time of offer of possession 5%
At the time of Allotment 5% Within 60
days from the date of Allotment 5% Within 120 days from the date of
Allotment 5% Within 180 days from the date of Allotment 5% On Start of
Excavation of Tower in which unit is booked 10% On Start of Ground Floor
Roof Slab of Tower in which unit is booked 10% On Start of Second Floor
Roof Slab of Tower in which unit is booked 10% On Start of Third Floor
Roof Slab of Tower in which unit is booked 7.5% On Start of Top Floor
Roof Slab of Tower in which unit is booked 7.5% On completion of Super
structure frame work 7.5% On completion of brick work 7.5% On completion of flooring &
Tiles 7.5% On completion of Internal Plumbing & Wiring work 7.5% At
the time of offer of Possession 5%
Payment Schedule of
F.F.C/E.C.C/E.D.C/I.D.C @165 per SQ FT
Within 1 Month From the date
of excavation 12.50% Within 3 Month From the date of excavation 12.50%
Within 5 Month From the date of excavation 12.50% Within 7 Month From the date
of excavation 12.50% Within 9 Month From the date of excavation 12.50% Within
11Month From the date of excavation 12.50% Within 13 Month From the date of
excavation 12.50% Within 15 Month From the date of excavation 12.50%
In
what could be an indicator of realty sector reviving and demand for residential and commercial
real estate bouncing back, over 10,000 potential buyers visited the
three-day ET Realty Expo held at Pragati Maidan last week. The biggest catch
for the visitors was not just wide option of residential properties, farm
houses, plots, office complexes and commercial spaces offered by 42 reputed
developers but also the participation of bankers, under one roof.
Inaugurating
the expo, Sheikh Danish Ahmed, CMD of Land Asia Infrastructure Ltd said, ‘‘such
events sensitise buyers and make them aware of how to go for the perfect
choice. Customers have become more educated, but there is a dire need of
greater awareness among them. Developers need to be
more transparent while dealing with buyers and ensure timely completion of
projects. Ahmed added that competitive pricing of the properties combined with
quality amenities would largely influence buyers. He said with the new
marketing dynamics, the industry is already in the revival mode. LA
Infrastructure has launched its flagship Land Asia project, a spa city in
Dehradun.
‘‘Property
prices are not falling further. As the economy revives, the realty industry
will also bounce back. The worst is over,” he said.
Some
of the major developers
participating in the ET Realty Expo held in association with Times
Property were Land Asia Infrastructure, Jaypee Greens, Parsavnath group, Asiana
Housing, Purvanchal developers, Unitech, Hero group and SVP group. Two bankers
— LIC Housing Finance and SBI also participated in the expo.
A single
regulatory body to monitor all the stakeholders of the real estate sector is a must
to bring in transparency and professionalism of global standards, says Archana
Sinha
To
bring the Indian property industry on par with the global real estate sector,
the Indian parliament is gearing up to pass the much talked about real estate
regulatory bill in the winter session. The industry is keenly watching out for
this one as the first draft was found to be faulty and rather lopsided,
excluding the government bodies from its purview.
So
while the experts feel that it is time to have a single-point regulatory body
on the lines of SEBI or TRAI, which would prove beneficial in the long run to
the endusers and developers, there is also a cry for bringing total objectivity
and professionalism in the workings of the body, to truly achieve its goal.
Developers also point out the dangers of over-regulation in an industry that
already faces several stumbling blocks.
The
bill seeks to grant approvals to projects on certain parameters and also
expedite all the approval processes mandatory for projects to take off. It is
expected to help improve transparency in the sector by rating developers on their
financial strength in terms of turnover, liquidity and profitability, scale of
operations, intellectual expertise based on the qualification and experience of
the management team, and past performance.
According
to Ashutosh Limaye, associate director (Strategic Consulting), Jones Lang
LaSalle Meghraj, “The stock market has SEBI to provide guidelines, define
conduct and processes, provide a redressal system for both buyers and sellers
and install necessary consistency and standardisation. The proposed real estate
regulatory body intends to do the same for the Indian property market, which
currently presents a rather under-organized picture.”
Deepak
Parekh, chairman of HDFC, had expressed the urgent need for a real estate regulatory body, which
should play the role of a monitor for promoting and overseeing real estate
reforms, ensuring transparency in sales and protecting buyers from a fraudulent
case, if any.
Parekh
recommended that the state housing boards should also be brought within the
ambit so that there is complete transparency in its working mechanism, the
checks and balances are well achieved from every quarter.
The
developers have welcomed the move too, but not in its current draft form. Kumar
Gera, chairman of CREDAI, India, says, “The intention is good but a lot of
thought needs to go into formulating the role of the body, otherwise the effect
can be counter-productive. Two main intentions are stated in the preamble:
protection of consumers’ interest and speeding up the clearances to facilitate
the smooth development of real estate. There are enough provisions to achieve
the first objective, but I haven’t seen anything regarding the second. It needs
inclusion of processes. In the present form it is likely to create more
processes and hence obstacles. The Urban Land Ceiling act was also formulated
with a noble intention, but the outcome was disastrous.”
R
Vasudevan, MD of Vascon Developers, has a similar view: “I think the intention
is very good if followed in its spirit with modification to include the process
of speeding up approvals. It will revamp a sluggish and a beleaguered system.
In
fact, no reputed
developer
would want a short cut to achieve his end, as his intention would be to become
a long-term player. It is not in his interest to delay projects and offer bad
products, as it will tarnish his image and his brand. Hence this is welcome but
only if it fulfills its intent.”
Sunny
Bijlani, director, Supreme Universal, which has projects in Pune and Mumbai,
says, “It is fine with us to have a regulatory body, which helps bring in
transparency to the customers. We are more than happy.
But
they have to bring more changes in the rating system to actually do proper
justice to the customers, by doing a complete financial analysis of the
developers, and not just by collecting some data. Secondly, it should be a
single point for all clearances and NOCs so that the project starts on time.
Most delays are caused by non-availability of clearances from the government
authorities.”
Real estate
is a major contributor to GDP growth and employment generation.
The minister of urban development acknowledges this fact and feels that a
single regulatory body at the state level is most needed, for faster approvals,
besides faster delivery of projects, accountability of the project developers,
professionalism and finally loan acquisition to make affordable housing a
reality.
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.
Set amidst
the serene green environs of DLF
City, Gurgaon, in
close proximity to the DLF Golf Links, DLF group presents their new project
'Park Place'. Offering a choice of 3 and 4 BHK, fully air-conditioned, well
appointed apartments, individual units in Park Place comes equipped with fully
fitted modular kitchens.
Designed by the best architect in the country Hafeez Contractor, airy and well
ventilated flats in an open layout plan is a fine example of the compact design
theory. Each apartment is positioned in a manner which guarantees privacy. Most
apartments have a view of the structured landscaping below, lush green
landscaped courts & lawns embraces nature from all sides. Park Place is a
secured gated community with great aesthetic set up.
Located on a
prime piece of property with high appreciation rate and good rental return; one
of the unique features of this project is, it has a loading of approximately
18% which means it offers same area of land at comparatively lower prices. This
makes Park Place a highly sensible and profitable investment option for both home buyers and property
investors.
MUMBAI-BASED Dewan Housing Finance Corporation Limited (DHFL) has recorded a 70% growth
in net profit to Rs 37.51 crore in the September quarter after posting a 53 %
rise in total income to Rs 246.12 crore.
DHFL chairman Kapil Wadhwan
attributed the growth to the company’s strong credit appraisal skills which
reduce instances of NPAs. “Over the last seven years, we have been consistently
growing at 33% CAGR, in terms of our home loan disbursements. We are hopeful of continuing the growth momentum in
this fiscal and maintaining a robust 35-40% growth for the next couple of
years.” DHFL posted a 93.76 % growth in loan sanctions to Rs 1180.67 crore.
The company’s net profit for
the corresponding quarter in 2008 was Rs 22.07 crore in the unaudited results
for the second quarter announced on Tuesday. During the July-September quarter,
DHFL raised Rs 300 crore through share sale to investors
and promoters. It also raised Rs 225
crore through private placement of long-term debentures to institutions and
banks. In a statement, the company said, the funds are being utilised to
augment long term resources, enhance and strengthen the company’s equity base
and for meeting the general business requirements.
The decision to begin allotment was made on Thursday after the
Economic Offences Wing (EOW) of Delhi Police declared the draw was not rigged.
The EOW had sent the software report of the draw to
Thiruvananthapuram-based Centre for Development of Advanced Computing (C-DAC)
for investigation.
The EOW, in its report submitted to Delhi Lieutenant Governor
Tejender Khanna on Tuesday said, "The C-DAC report does not indicate any
connivance or favoritism by any DDA serving officers or those connected with
the draw. C-DAC could not find any evidence that the software had any vulnerability
to be compromised nor could they detect any evidence of external
tampering."
"We will start giving possession of flats to successful
allottees from November."
The successful allottees welcomed the development.
"Finally our wait is over. I have been paying a hefty interest on the Rs 1
lac loan that I took from a private bank to pay the registration money,"
said Naresh Taneja who was allotted an LIG flat in Rohini.
Allotment
of flats under the 2008 Housing Scheme was put on hold by the Union Urban
Development Ministry in January after allegations were leveled against DDA that
a cartel of builders had forged documents and availed of loans from banks to
get flats under the reserved category. Soon after this, EOW was handed over the
case for investigation.
