Unitech comes up with Gardens Galleria in Noida.

Unitech, one of the India’s leading integrated developers of large-scale real estate projects, has launched Gardens Galleria in Noida. It is part of Unitech’s existing 147 acres entertainment-cum-retail destination in Noida.
Gardens Galleria, designed by US-based firm Callihon, is spread over 8.36 acres, is strategically positioned adjacent to sector -18, Noida and Film City. It is minutes away from ITO, East Delhi, South Delhi, and Noida Expressway. The project is in the midst of established residential areas, offices, colleges and other commercial towers.

The destination already comprises of an international standard themed amusement park Worlds of Wonder and The Great India Place, a shopping mall. The mall, a combination of entertainment, retail and hospitality, in Noida will comprise of hyper market, departmental stores, international shops, spa, gymnasium, banks, ATMs, food and fun joints. The project comprises 230 retail outlets and there is also parking facility for 8,500 cars. Unitech has already got over 10 lakh patrons a month in its three operational malls the Metro Walk in New Delhi, Great India Place in Noida and Gurgaon Central.

Commenting on the launch, Munish Baldev, head-retail of Unitech said, “We are happy to launch Gardens Galleria in Noida. Unitech has already developed 1.3 million sq ft of mall area in New Delhi, Noida and Gurgaon since 2006, and is developing another 4 million sq ft of retail space in cities such as Kochi, Gurgaon, Bangalore, Lucknow, Mohali, Bhopal, Bhub­aneswar, and Dehradun. We have always been bullish about the retail development space and have been developing the shopping malls as per our business plan. We have been getting strong traction from retailers for leasing of the mall-space under development.”

Genesis Luxury, Genesis Lifest­yle, French Connection, Nautica, Louis Philippe, Van Heusen, Calvin Klein are among some of the major brands who have their stores in Galleria. The company is also developing another 4 million sq ft of retail space in cities such as Kochi, Bhopal, Bhubaneswar, Bangalore, Dehradun, Mohali, Lucknow, and Gurgaon in the next 4-5 years.

Gulshan Homz : Press Release

Gulshan Homz, part of the GC Group of companies, has announced the launch of its new residential project:  Gulshan Ikebana at Sector 143B, Noida Expressway spread over 12.5 acres land with apartments of sizes 1400 sqft (3BHK) to 2300 sqft (4BHK+Study) and offers a sleek, infinitely flexible, multi-dimensional and open life and is well conceptualised for quintessential living. Ikebana is designed keeping all the modern needs, indulgences and luxuries in mind so one would enjoy excellent location advantage with lust green surrounding and seamless connectivity which will offer natural retreat and also excellent metropolitan convenience and vibrance.

Amenities:-

  • Water softener plant, Bus shelter
  • Club, Karaoke theme Restaurant
  • Internet Connectivity,24 x 7 Security
  • Intercom Connectivity, Customer Care Centre
  • Rain Water Harvesting, Water Softener Plant
  • Swimming pool, Steam/Sauna/ Massage Rooms
  • Yoga Centre, Indoor Games
  • Jogging Track, Badminton
  • Basketball Court ( Half Court), AC Gymnasium
  • Special Play-pan for kids, Immaculate Landscaping
  • Aerobic Dance Floor, Coffee Shop
  • AC Unisex Beauty Salon, AC Banquet / Party Hall / Guest Lounge
  • Business Lounge, Laundry Services
  • Cabs on call, Amphitheatre
  • Kids Lounge, Regular in- Compound OPD
  • Ambulance on Call, Doctor on Call
  • Stretcher Lifts, Wheel chair for Elderly and sick

About the Developer:

Gulshan Homz has constructed luxurious living spaces and the Group has improvised its skills over the years to launch a number of premium projects. They have stamped a mark of excellence in luxury Real estate developer with honest morale, integrity, sound business ethics, transparency and invaluable experience. With a vision to pass on a green environment and prosperous cities to the future generations they look forward to developing luxurious real estate options.

Gulshan Homz Launches New Project “Gulshan Ikebana” At Sector -143, Noida

Gulshan Homz, part of the GC Group of companies, has announced the launch of its new residential project: Gulshan Ikebana at Sector 143B, Noida Expressway. Spread over 12.5 acres, Gulshan Ikebana will host luxurious high rise apartments of sizes 1400 sqft (3BHK) to 2300 sqft (4BHK+Study). Highlights of the project are:

  • Gated Community with 24×7 Security Access-controlled entry and exits
  • Convenient Shopping Complex
  • Landscaped Parks and Playgrounds
  • Sewage treatment
  • Rain Water Harvesting & all other amenities
  • Proper boundary wall around the periphery
  • In premise maintenance services
  • 24×7 Power Backup
  • 24X7 Water Supply
  • Landscaped Greens
  • Exclusive Recreational Facility
  • Community Shopping
  • Healthcare Centre
  • Sauna /Steam
  • Badminton Court
  • Swimming Pool
  • Basket Ball Court
  • Massage Room
  • Gymnasium
  • Wheel Chair Ramp for Elderly /Sick
  • Jogging Track
  • Baby Day Care Centre
  • Indoor Games Facility

More details of Gulshan Homz Ikbana are available at gulshanikebana.propertywala.com

Brokers Hunt for Jobs as Slump Hits Realty Sales

NEW DELHI | BANGALORE: Broker in Bangalore bylane has just opened a stationery shop. He has named it ‘Smart Shop’, borrowing the name from the realty brokerage firm that he ran from the same premises until about two months ago. He switched to retail after his property business hit a rough patch following a slump in home sales. About 03-quarters of his revenues came from sale of apartments, the remaining from renting.

“With home sales dropping, it doesn’t make business sense anymore,” he says. It’s the same story in other big cities. In Mumbai, a mid-size broker has set up a small fast food joint to make ends meet. In Nagpur, a real estater has quit the real estate business and set up an ice-cream parlour. Their worries are not unfounded. While the large and established players in the property business have managed to stay, even during the slump, thousands of smaller players like brokers and agents are being forced to look for other jobs.

It also hit lakhs of people employed with such small outfits – each of which hires 5-15 people.With many brokers closing shops or reducing size, these people are out in the market, looking for jobs in sectors such as retail, banking, insurance and call centres. The real estate industry employs about 10 lakh people across the country, the majority in the unorganised sector.

In the first quarter of 2011, home sales dropped 17 per cent in Mumbai, 14 percent in Bangalore and 15 percent in Hyderabad. According to consultant Jones Lang La-Salle, unsold residential units in projects that are complete or are nearing completion in 6-12 months in Mumbai and Delhi-NCR are as high as 25 percent and 16 percent, respectively. In other big cities, including Bangalore, Chennai and Kolkata, the numbers range between 12 percent and 19 percent. Sales in tier-II and tier-III cities are steady, though there is some panic due to the increase in interest rates, which have climbed to about 11 percent from 8.25 percent a year ago.

“For smaller brokers, the impact of the current market factors is a lot more compared to the larger brokers,” says the president of the National Association of Realtors India . “Even for our members – who are fairly well-off – business is down 40 percent compared to 2009-10. But the smaller guys are in trouble and are setting up businesses that move on a daily basis. Many I know have asked their employees to look out” Ravindra Bramhe, chairman of the Maharashtra Property Brokers’ Association, says.

For whatever business is left in the market, there are hundreds of agents in queue. For instance, there are pockets on the Noida Expressway, near large projects, where real estate brokers can be seen sitting inside small tents, under the sweltering sun, waiting for business. Those who can’t afford to set up these tents can be seen on the roadside, running after every car that passes by, with brochures and flyers of projects in hand. Industry refers to them as the broker mandi. “All my friends and colleagues are now looking outside real estate before things get worse,” says Chaudhary. Many have returned to the insurance industry and others have found jobs with small call centres. A few have found employment with retail stores.