Splendid Aparna Palm Meadows on outskirts of Hyderabad are AP’s first solar ready homes

This festive season, Splendid Aparna Palm Meadows, a high-end residential project on the outskirts of Hyderabad, is offering a 10% discount on the listed price to its customers for its 100 odd villas. The real estate project, which will be ready for occupation by early next year, has 330 villas in all and is spread across 95 acres.   

The gated community, abutting NH 7, has an exclusive club house, swimming pools, gymnasiums, verdant parks and playgrounds, which give it an edge over other residential real estate projects in the same space. Each real estate villa, typically sized between 3,500 and 4,500 square feet, is constructed in Spanish style and is completely automated.   

The Rs 500-cr project has also received an environmental clearance from the Union ministry of environment and forests. Splendid Aparna Palm is a 60:40 joint venture between the Splendid Group and Aparna Group. The company claims the real estate project will be the single largest layout in the twin cities.   

“The real estate project is set to become a leading project one in South India. We have received around 750 enquiries for the remaining real estate villas. What works best for the customers is the connectivity with the central business area and other social amenities,” said DS Prasad, director of Aparna Constructions.   

Each villa in the real estate project costs around Rs 1.8 cr to Rs 3.4 cr.   

“Though the rates are above the prevailing rates for new commercial and residential projects, they are worth looking at, given the fact that the possession is immediate,” said George Johnson, city head- Jones Lang La Salle Meghraj.   

Real estate Palm Meadows has modern amenities such as fingerprint access doors, acoustic solutions from Bose Corporation and home automation system among others. Another additional feature is an integrated solution for community-based information services to report problems on maintenance issues, access to common facilities and also provides real time billing.   

The property villas, which are to be Andhra Pradesh’s first solar ready homes, have facilities for rain harvesting and smart micro-grid for reduction in transmission losses, it is claimed. The real estate project is about 3 km from the outer ring road and 30 km from the new international airport. Educational institutes such as DRS International School, Siva Sivani Public School, Loyola Academy and a host of engineering colleges are in the vicinity of the real estae project. Also, entertainment hubs like Dhola-ri-Dhani, Runway-9 and a multiplex amd commercial complex are easily accessible.  

“The resident owners are a mixed bag of professionals featuring industrialists, retailers, traders, defence personnel and others,” said Prasad. 

Courtesy:- ET dt:- 19-10-09

Realty major Parsvnath Developers will invest about Rs 1,500 cr to complete over 30 ongoing real estate projects in the next two and half years. “Out of 193 million sq ft of our real estate land bank, we have put real estate construction of 42 million sq ft, comprising over 30 real estate projects, on fast track. These real estate projects will be delivered in the next 24-30 months,” real estate developers Parsvnath Chairman Pradeep Jain said.

More information of:- http://www.zameen-zaidad.com        and         http://www.propertycafeteria.com

‘Beverly Homes’, a Ferrous City Phase II project, is being developed by Ferrous Infrastructure & Developers Gurgaon. It is ideally located at Sector 89, Faridabad. Apartments in this project are affordable. Prices for apartments start from Rs16.08 lakhs. ‘Beverly Homes’ is a low-rise floors project. Persons living with their old parents will prefer to buy homes in this low-rise project. Other specialities of  this project are – Gated Complex with 24x7 security, Club and Recreational facilities, Creche, Nursery School, Shopping Complex within the vicinity, Landscaped green with Rain Water Harvesting and Dedicated car parking per unit with additional option for covered car parking.

Ferrous Infrastructure & Developers, Gurgaon has grown into a dynamic corporate conglomerate with a market capitalization of over Rs1500 crores with several upcoming townships in cities like Faridabad, Palwal, Dharuhera, Rewari and Ghaziabad. For complete customer satisfaction, the company offers the best possible value at any given price point. They are committed to provide the fastest, most convenient service possible for an individual home, sub-division or even a new community. The company has a vision of perfect lifestyle. They claim to always look for better ways to satisfy their customers. It’s the dedicated team work and total quality management approach that empowers them to build homes of distinction. Their careful planning is as such that employment centres, schools, transportation, shopping  and recreation facilities are available within convenient distances from their project/s.

We, Shri Aditya Estate, are one of the leading real estate consultants, established in Delhi and working successfully for more than a decade. We have developed well-embellished websites viz. www.zameen-zaidad.com, www.propertycafeteria.com with a clear concept to showcase all kinds of properties of our patrons for wider publicity of their products for sale/purchase, leasing and renting purposes. Our website – www.zameen-zaidad.com - is displaying the details of project of  ‘Beverly Homes’ Faridabad. Homes for sale are available in ‘Beverly Homes’ Faridabad. For best and transparent deals for apartments in ‘Beverly Homes’ project in Faridabad, our experienced marketing executives can  be contacted  at  mob no 91-9650398925, 9810445860, 9911158601, 011-42470622  or email at : info@zameen-zaidad.com. Our company is on the approved list of leading banks/financial institutions for grant of home loans. We have got an experienced team to process home loan applications. For hassle-free home loans for apartments in ‘Beverly Homes’ project in Faridabad, our executives can be contacted at mobile no 91-9990217028, 9810445860, 011-47082736 or email at : info@zameen-zaidad.com.

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

                                    And http://www.propertycafeteria.com/main.aspx

‘Beverly Homes’, a Ferrous City Phase II project, is being developed by Ferrous Infrastructure & Developers Gurgaon. It is ideally located at Sector 89, Faridabad. Apartments in this project are affordable. Prices for apartments start from Rs16.08 lakhs. ‘Beverly Homes’ is a low-rise floors project. Persons living with their old parents will prefer to buy homes in this low-rise project. Other specialities of  this project are – Gated Complex with 24x7 security, Club and Recreational facilities, Creche, Nursery School, Shopping Complex within the vicinity, Landscaped green with Rain Water Harvesting and Dedicated car parking per unit with additional option for covered car parking.

Ferrous Infrastructure & Developers, Gurgaon has grown into a dynamic corporate conglomerate with a market capitalization of over Rs1500 crores with several upcoming townships in cities like Faridabad, Palwal, Dharuhera, Rewari and Ghaziabad. For complete customer satisfaction, the company offers the best possible value at any given price point. They are committed to provide the fastest, most convenient service possible for an individual home, sub-division or even a new community. The company has a vision of perfect lifestyle. They claim to always look for better ways to satisfy their customers. It’s the dedicated team work and total quality management approach that empowers them to build homes of distinction. Their careful planning is as such that employment centres, schools, transportation, shopping  and recreation facilities are available within convenient distances from their project/s.

We, Shri Aditya Estate, are one of the leading real estate consultants, established in Delhi and working successfully for more than a decade. We have developed well-embellished websites viz. www.zameen-zaidad.com, www.propertycafeteria.com with a clear concept to showcase all kinds of properties of our patrons for wider publicity of their products for sale/purchase, leasing and renting purposes. Our website – www.zameen-zaidad.com - is displaying the details of project of  ‘Beverly Homes’ Faridabad. Homes for sale are available in ‘Beverly Homes’ Faridabad. For best and transparent deals for apartments in ‘Beverly Homes’ project in Faridabad, our experienced marketing executives can  be contacted  at  mob no 91-9650398925, 9810445860, 9911158601, 011-42470622  or email at : info@zameen-zaidad.com. Our company is on the approved list of leading banks/financial institutions for grant of home loans. We have got an experienced team to process home loan applications. For hassle-free home loans for apartments in ‘Beverly Homes’ project in Faridabad, our executives can be contacted at mobile no 91-9990217028, 9810445860, 011-47082736 or email at : info@zameen-zaidad.com.

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

                                    And http://www.propertycafeteria.com/main.aspx

New Delhi: So is the demand for homes getting real again? It seems to be a mixed bag so far, report Neha Dewan & Anand Rawani. While developers are aggressively talking about a spurt in demand, industry experts and buyers attribute this ‘revival’ to the strong nexus between developers and intermediates. SundayET spoke to a cross section of developers, bankers, buyers and realty brokers to assess the ground situation. In fact, the demand in the residential segment for  Q3 of this calendar year remained marginally higher. However, leading developers said the growth has been optimistic and some even claimed a 30% rise in demand in these three months. The figures, no doubt, look impressive. But there is a catch. Industry experts and buyers say that this business is mainly the result of a strong developer-intermediary network.

Residential real estate prices are going up. In the last three months, prices of affordable apartments have appreciated by around 10% across the country.

"With improvement in the sentiment in the economy, transactions in the affordable range of residential real estate have gone up. This has made developers to increase prices by 5% to 10% in the last three months," said Anshuman Magazine, MD of real estate consultancy firm CB Richard Ellis, South Asia.

Seven Cash-Strapped Realty Cos File Red Herring Prospectus with Sebi to Raise Rs 14,000 Cr

The cash-strapped realty sector is scurrying for an initial public offer (IPO) cover with several builders approaching market regulator Securities & Exchange Board of India (Sebi) to seek approval to rise around Rs 14,000 cr or $3billion.

At least seven realty companies, including Lodha Developers, Sahara Prime city, Emaar MGF and BPTP, have either filed the draft red herring prospectus (DRHP) with Sebi since Friday or plan to do it tomorrow.

“Every company intending to do an IPO is in a hurry to file DRHP, as any delay beyond September 30 will force them to get their books audited again, which might delay the whole process,” a banker handling one large realty firms IPO said. The banker didn’t want him or his client to be named for regulatory reasons.

The audited balance sheet is valid for six months for filing prospectus. In case the company files the DRHP after six months of the annual report, it needs to incorporate audited numbers for proceeding six month period.

Emaar MGF, , a joint venture between Delhi-based MGF and Dubai-based Emaar, Sahara Prime City, Lodha Developers and Kumar Developers filed DRHP with Sebi on Tuesday. Delhi-based Ambience filed the prospectus last Friday, while Delhi-based BPTP, Sriram Properties will likely file tomorrow. BPTP, however, denied it was filing DRHP tomorrow.

Emaar MGF plans to re-launch its IPO to raise 3,850 cr for 10% stake dilution. In addition, the promoter is also divesting 1.17 cr shares to mop up around Rs 400 cr. This means Emaar MGF is looking at a valuation of Rs 38,500 cr, as against a valution of Rs 70,000 cr last times round.

Sahara group’s realty arm Sahara Prime City plans to rise up to Rs 3,450 cr through initial share sale.

Mumbai-based Lodha Developers plans to raise Rs 2,700 cr, while BPTP and Ambience plan to raise Rs 2,000 cr and Rs 1,100 cr respectively. Kumar Developers and Sriram Properties expect to raise Rs 400 cr and Rs 600 cr respectively.

“We will use the IPO funds to retire high cost debt, pay for government license fee for our land and in developing our projects,” says Ambience chairman Raj Singh Gehlot.

Led by real estate companies, the stock markets have been rallying this year with benchmark sensex registering a gain of 75% since January to close at 16,852 on Tuesday.

Several listed realty firms, including DLF, Unitech, Indiabulls Real Estate, Sobha Developers and HDIL, went in for successful qualified institutional placements (QIP) or promoter stake sale rising over $2 billion. The ability of listed realty players to raise funds gave privately-held firms the confidence to test the primary market which saw a slump following the fall of realty firm Emaar MGF’s IPO early 2008.

All listed realty companies were quick to tap the QIP route when markets improved because they were the ones who were most leveraged. Once again they are the ones leading the IPO rush because of the same reason.

Debt-ridden developers’ internal accruals too haven’t picked up significantly as buyers have been slow to return to the property market. Some of the developers are also under pressure from private equity (PE) funds, which earlier invested in those companies, to go public as it would give the PEs an exit route.

Courtesy:- ET dt:- 30-09-09

The Financial Intelligence Unit (FIU) has decided to scrutinize real estate deals to track money laundering and related crimes.

The country’s anti-money laundering agency has told states to submit monthly data on registration of properties, a state government official, who did not wish to be identified, told ET.

FIU is a central agency responsible for receiving, processing and analyzing information related to suspect financial transactions. The real estate deals in the country often involve unaccounted cash transactions that lead to money laundering, the official said.

Money laundering involves disguising financial assets in such a way that they can be used without detection of the illegal activity that produced them. Through money laundering, a fraudster transforms the monetary proceeds derived from illegal activities into funds with an apparently legal source.

All property registrars have to send data on property transactions above Rs 30 lakh to income-tax authorities as part of the annual information return. The FIU too now wants data on all property transactions.

The agency also needs the data to coordinate efforts with international intelligence to check money laundering and related crimes. If timely intelligence input is available, an international agency can act promptly, the official said.

Since India will soon become a member of the Financial Action Task Force (FATF), it is obliged to keep a track of such transactions that could be used to launder money.

FATF an elite inter-governmental body that has been established by the G-7 group to develop policies to combat money laundering and terrorist financing

The body recommends placing real estate agents entities, under reporting obligations. However, India, which recently amended its anti-money laundering law, Prevention of Money Laundering Act, skipped them even as it brought overseas payment gateways such as Visa and MasterCard, money changers and money transfer service providers and casinos under reporting obligation. Banks, stockbrokers and foreign institutional investors are among the entities that already submit data to FIU on a regular basis.

Courtesy:- ET dt:- 03-10-09

So is the demand for homes getting real again? It seems to be a mixed bag so far, report Neha Dewan & Anand Rawani. While developers are aggressively talking about a spurt in demand, industry experts and buyers attribute this ‘revival’ to the strong nexus between developers and intermediates.

SundayET spoke to a cross section of developers, bankers, buyers and realty brokers to assess the ground situation. In fact, the demand in the residential segment for  Q3 of this calendar year remained marginally higher. However, leading developers said the growth has been optimistic and some even claimed a 30% rise in demand in these three months.

Last month, India’s largest real estate developer DLF claimed to have sold

1,250  flats in two hours in the second phase of its Capital Greens project in Delhi. Rival Unitech too said that they had a sale of 3,500 apartments across cities between July and September. Similarly, BPTP sold nearly 2,100 apartments in the same quarter.

For Delhi-based realty firm Omaxe, Q3 got a sale of Rs 300 cr, up 50% from the previous quarter. And according to Niranjan Hiranandani Developers, there has been an overall industry sale of 10,000 units in the Mumbai region in these three months.

These figures, no doubt, look impressive. But there is a catch. Industry experts and buyers say that this business is mainly the results of a strong developer-inter-mediary network. “To some extent it is artificial hype but it is not completely a false story. Around 35-40% of such stock goes to end users and 50-60% goes to brokers or investors who want to sell it off later,” says Pankaj Jain, executive director of Realistic Realtors, a North Indian real estate consulting firm.

Jain is not the only one echoing this view. Other reputed brokers in the industry also have a similar take. Rajesh Arora, vice chairman of  Arora and Associates Realty, puts it this way, “It is not practical to sell 2,000 or 3,000 apartments within a few hours. They would have a sold it to middlemen or agencies. The demand in the sector has remained the same as in the last quarter and though the prices in Mumbai have increased in Delhi they are at the same level.”

Businessman and prospective buyer, Anil Dhawan, says that such claimes by developers do not hold any meaning. “Financiers take up most of the stock. End users would possibly make up only 10% of the buyers in these cases.” Dhawan says that although the time is conductive to buy right now, he would mainly look at a ready to move in property over an under construction one to avoid delivery hassles.

Developers, however, are up-beat about the housing demand. DLF is basking in the glory of ‘good demand.’ “We have launched the second phase of Capital Greens project. We are selling one flat per pan card and buyers cannot sell the property within a year. So I am sure that end users are the buyers right now,” says Rajeev Talwar, group executive Director, DLF.

The demand is ‘robust,’ says CMD of Omaxe, Rohtas Goel. “There has been a 30% increase in this quarter. We had a sale of Rs 300 cr in these months as against Rs 200 cr in the last quarter.”

Many also are of the view that the fear of increased prices later is propelling more number of buyers to come forward right now. That is leading to increased enquries as well as conversions. “People think that is the best time to buy as prices may go up later. The price band of Rs 15-Rs 40 lakh is doing quite well. We will  be lauching more projects in the affordable segment. Our target is to launch 30 million square feet in residential space by the end of this Financial Year,” reveals a Unitech spokesperson.

Home loan offtake too bears out increased demand statistics. The management of HDFC is up-beat  about 20-25% growth in the home loan disbursement. Also, according to a senior official from Indian Bank, the demand of the home loan remained the same as it was in the previous quarter. “The demand for loans between Rs 15-20 lakh is more than the rest,” said the official.

Et realty dtd:05/10/09

Many areas in South Delhi along the Outer Ring Road have taken a hard hit owing to development work along the stretch, and rentals have plunged here, ET Realty reports

Long and unending traffic jams, now even on public holidays, are taking the sheen off some of the better-known posh South Delhi colonies, especially those close to Outer Ring Road. This when only a couple of years ago there were hardly any bottlenecks one would encounter along Outer Ring Road. As construction work related to Metro Rail, flyovers, and widening of roads go on and on along Outer Ring Road, this whole activity is forcing high-profile tenants out of areas like Panchsheel park, SDA, Hauz Khas, Mayfair Garden, among others.

New tenants are also avoiding such places in their search for new rented accommodation. Everybody will testify that if one were to drive to any of these places from CP for some work, then one would encounter traffic snarl-ups and jams at Defence Colony, BRT corridor, Asian Games Village, apart from routine heavy traffic. And if it rains or there is some mishap along the way, then it is an extended session on the road. Right from Nehru Place to R K Puram, the stretch is badly affected due to chaotic scenes on Outer Ring Road - and the worst part is nobody can say when things will settle down. Realty expert Anil Makhijani of Mak Realtors presents a very grim picture of the whole scenario. According to him, there used to be a veritable rush of people, always on the lookout for accommodation in areas like Panchsheel Park, SDA, Hauz Khas and Mayfair Garden - even as recently as one-two years ago. "You cannot say the same thing for all these areas now, as well as other colonies close to Outer Ring Road - all because of the massive traffic woes. Those who have no option but to take the Outer Ring Road to reach their office or home suffer the most due to the snail pace of traffic and the daily jams," says Makhijani.

Naturally, in order to save themselves from such a messy situation, many tenants staying in areas close to the dreaded Outer Ring Road have moved to areas like Defence Colony, Lajpat Nagar-3, South Extension, and Safdarjung Enclave in recent months. As for those who have offices in either Gurgaon or Noida, they have either shifted or are thinking of moving houses.

Meanwhile, a realtor says the rentals have never seen such a dip in these colonies. If realtors are to be believed, the average rent in these places has come down by up to 25% to 30%. It is a big fall by any standards. Another realtor Pradeep Mishra of Sainik Estates says there are many residents in colonies all over Delhi who run their household from rental income and they are sure to be affected if they don't get rental income on a regular basis.

Courtesy: - ET Realty dt: - 02-10-09

Developers spurred into market by bull run in stocks, series of successful QIPs.

Three real estate companies — Lodha Developers, Subrata Roy’s Sahara Prime City and Delhi-based Emaar MGF — each filed a draft red herring prospectus (DRHP) today with the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise in all as much as Rs 10,000 cr from the primary markets, sources said.

While Lodha is expected to raise anywhere between Rs 2,500-3,000 cr from the initial public offer (IPO) of shares in the next three-four months, Sahara Prime City plans to raise up to Rs 3,450 cr in the next few months. Emaar MGF, which aborted its plans to raise Rs 7,000 cr early last year, plans to raise Rs 3,850 cr in the IPO by selling 11.50 million shares, sources said.

Last Friday, Delhi-based developer Ambience Ltd filed a DRHP with Sebi to raise as much as Rs 1,125 cr through an IPO, with a green shoe (over-allotment) option of Rs 168.75 cr. Godrej Properties, which earlier postponed its plans, is also planning to launch its Rs 500 cr IPO in the next three months, where it plans to sell 9.4 million shares to investors.

While Sahara will utilise what is raised from the IPO to develop townships in 99 cities, Lodha and Emaar are expected to use the proceeds towards their upcoming projects.

According to analysts, the recent Bull Run in stock markets and the series of qualified institutional placement (QIP) of shares by property developers has given confidence to private unlisted developers to enter the markets. The benchmark Sensex has risen 33.8 per cent in the past year and nearly 4 per cent in the past month, while the BSE Realty index, which tracks property stocks, has risen over 30 per cent in the past year and nearly 4 per cent in the past month.

A number of developers such as Unitech, DLF, HDIL and India bulls have raised Rs 10,000 cr through QIPs since the beginning of the year. According to estimates, IPOs worth Rs 40,000 cr are expected to hit the markets in the next six months. At least 14 real estate companies are waiting to tap markets with IPOs and QIPs in the next six months.

"The way QIPs have been sold, I do not have doubts about investor interest in IPOs. If companies are good and projects are bankable, they can easily raise funds from investors,'' said Ambar Maheshwari, director of investments at DTZ, an international property consultant

Courtesy:- BS dt:- 30-09-09