If you are thinking in investing in luxurious apartment in Delhi – NCR, then take a look on Experts opinion. According to Experts the fall of prices, on with discounts on offer, makes for stable investment decision for future. He also said that the holding for prices to come down further may not be sensible.

Santosh Kumar CEO-operations and international director JLL said “In the last few quarters, there is dullness in prices with increasing discounts and motivation actually causing decrement in housing prices. Assume further discounts may not be a sound decision as actual unsold housing levels in few pockets of Gurgaon and Noida will not allow for further price reduction,”

Experts say the coast of luxury and comfort housing units are habituated to rise in Gurgaon city while lowest price in Noida may stable due to constant delay in deliveries and legal trouble in projects. Luxury housing in capital is largely bounded to the resale market that offers builder floors and villas in pink areas.

The bear price for properties is largely due to best location not due to inbuilt facilities, which is in Gurgaon and Noida. In Gurgaon Developers like DLF, Bestech, and IREO have launched their luxury and advance projects, while in Noida Developers like Supertech, ATS, and Shobha are developing these luxury advance projects.

While investing in luxury advance projects investor should overview projects which are likely to be completed in coming next 12-18 months to reduce the risks related to possession and on time delivery of projects. Facilities being offered, complete layout, exact location of the property, reputation of builder and whole track record should be given a thought too.

Bhubaneswar will soon receive very smart gift under smart city project. This gift is that Bhubaneswar will soon receive World Trade Center (WTC), a hub of private and government offices, at Satya Nagar.

According to sources the blueprint for the project Satya Nagar Institutional Core is in progress. The Bhubaneswar Smart City Limited is painting out plans to well establish 48-acre area within the surroundings aside from the World Trade Center, 2 Commercials and 2 superiors hotels will come up.

Vice Chairman of Bhubaneswar Development Authority (BDA) Krishan Kumar said” The Odisha Industrial Infrastructure Development Corporation (IDCO) has found the land. Same like the current IDCO tower, which has many financial institutions, the WTC will have big offices. We have still to decide the height of the WTC tower and the number of floors it will have”.

The reputed Real Estate developer, Shobha Limited started the handover of key process of the 1^st phase of its flagship project, International City, Gurgaon in NCR. This project is spread in 150 acres; International city is a safe and secured, low- frequency villa community that offers presidential villas, super luxury villas and duplex villas.

This project is located in Gurgaon at sector 109,106 and 108, at the end of Delhi and very near to the Indira Gandhi International Airport.  In 2011 project was launched, marks the attack of Sobha Limited in Delhi- NCR region. The project has received many acceptances, most recent renowned Luxury Villa Project of the year award at the NDTV Property awards in 2015.

Against the challenges stand by a suddenly slowdown in real estate sector, mostly in the NCR region, Sobhalives up to its promise of handover international quality products within set time period.

J C Sharma, Vice Chairman and Managing Director of Sobha Limited said, “Traditionally real estate has been geography specific. However, trends have been changing. For us, with our headquarters in Bangalore, it was  very challenging to step into one of the biggest markets in North India. We made an ambitious entry into the NCR market in the year 2011 with the launch of our International City Project in Gurgaon. We are very pleased to announce the successful delivery of row houses in the project. In a difficult operating environment, our international quality products delivered on time is a reflection of the Company’s determination to fulfill its commitments.”

International City is a well-planned and well maintained project with all luxurious infrastructure facilities. The project has inbuilt club house spread in 20 acres, serving best in sports and social comfort. The project is also environment friendly as it has STP, rain water harvesting, power backup and organic waste convertor.

With the entry of Godrej Properties Ltd. (GPL) into the Real Estate of Noida , the living in Noida is going to be more advanced and high tech . The company has a plan to advance a golf centric township in Greater Noida Sector 27.

This modern golf township spread over in 100 acres, area of this project will be approx. 370,000 square meters of economic area. This major township involve of 9-hole golf course and village between other lifestyle basic amenities. This project situated close to very best location like Pari Chowk with easy connection to Noida- Greater Noida Expressway. It is also close to upcoming metro station and knowledge parks.

GPL’s has announced its opening in Noida Real Estate market in the month of January.  This is Godrej’s first project in Greater Noida and 7th with the NCR region. In 5 years after entering in NCR real estate market, GPL’S has settle itself as one of the reputed market leaders in Gurgaon and hope to reflect this same success in other parts of NCR.

Mr. Pirojsha Godrej, Managing Director & CEO, Godrej Properties said, “We are pleased to announce our entry into Greater Noida. Greater Noida is an important part of the NCR market and this project addition fits well with our strategy of deepening our presence across the country’s leading real estate markets.”

Inventories of luxury apartments in Mumbai remain high total 2,300 apartments are unsold. Minimum price of these flats are of RS 10 Crore and estimated price to RS 23 Crore. These apartments are very spacious and have all facilities of comforts.

Source from Prop Equity mentioned the unsold inventory in projects coming up in just the five micro markets of tony south Mumbai — Lower Parel, Mahalaxmi, Mumbai Central, Prabhadevi and Parel, stands at a staggering 928 apartments. Because unsold inventory is in advanced stages of construction, some of it commands a premium to the launch price. The value of unsold inventory in these five micro-markets could be in the range of R10, 000 crore.

Some developers are reducing the sizes of the apartments to make them more affordable. Radius Developers, for instance, is building 350 sq. ft carpet area studio apartments at less than R1 crore for singles.

Area like Lower Mumbai Parel, Mahalaxmi, Prabhadevi and Parel, sales remains tepid. In South and Central Mumbai areas, apartment sizes are typically between 4,000 sq ft and 7,000 sq ft accommodating three, four and five bedrooms. At the very least, they cost Rs 10 crore or approximately Rs 25,000 to Rs 30,000 per sq ft. For ready-to-move in-projects, the cost is in the range of Rs 65000 per sq. ft to Rs 80,000 per sq ft.

Jaiprakash Associates including its branch Jaypee Infratech lacking some financial problem, both had unpaid principal and interest compensations of approx Rs 4,500 crore to banks at the end of March, said by auditor. Auditor MP Singh & Associates noted in its report that came with the company’s annual results announced late last month. Jaiprakash Associates ( JAL’s) interest and principal compensations were unpaid for up to 9 month means 269 days.

Jaypee Group, which has great concern in cement, infrastructure,power and real; estate, has been striving poor finances and has been enforced to sell many of its resources to run over a damage jerk. Real Estate projects of Jaypee Noida are running badly behind inventory. Lots of people who had booked villas, apartments and several plots before 5 years are still waiting for delivery. The delayed reimbursement occurred against the group transferring land bank and its headquarters to bankers to clear a part of loan.

The saving balance for the group is that bankers have not disclose the loans as non-performing credit against the major delay in repayment on the ground that Jaypee Group is scheduled to get Rs 15,900 crore for the sale of cement plants to Kumar Mangalam Birla’s UltraTech Cement. A loan is declared an NPA if it remains overdue for over 90 days.

Good news for those who haven’t paid property tax yet. The city municipal administration is likely to stretch the 5% reduction on property tax till the end of June.
The Bruhat Bengaluru Mahanagara Palike commissioner has sent a letter to the standing committee on taxation and finance to extend the tax reduction by a month. The BBMP Council will make this call in the next two days.
Tax payer rush into a network of turmoil on figure property tax after the Bruhat Bengaluru Mahanagara Palike manipulate the tax zones by drag some wards by a couple of scorethis year. Thousands of citizens couldn’t – and, in some cases, didn’t – pay taxes either due to a website problem or in hopeful wait for clarity on reconstitution of region.
“We hope the council will extend the tax rebate till June 30,” Chairman of board M Shivaraju accept to slow property tax payment in the first two months because of confusion around new tax zones.
In extension to Canara Bank, the BBMP has hold up with 4 more banks. This means taxpayer can make property tax payment in 400 bank branches in the city. “A BBMP nodal officer is set up in each branch to address taxpayers’ gloom. We’re taking steps to facilitate speedy processing of challans and receipts,” he added.

City and Industrial Development Corporation of Maharashtra (CIDCO) has sold a plot on Thursday through summons process in Sanpada at Rs 3.39 lakh per square meter, after this bidding CIDCO has set a new record.

Nivasti Developers LLP was the bidder. It proclaims the highest price Rs 3, 39,339 per square meter for 3,050-square meter for residential cum commercial plot in Sanpada at sector 13. The plot alone earns Rs 103 crore to CIDCO.

Among 20 developers some oppose for the plot consider that the plot could have earned more. They denote that the location of plot is one the well develop and best location in Navi Mumbai.

Haresh Chedda, the secretary of Builders’ Association of Navi Mumbai said that “The plot does not fall under the proposed international airport Zone and can be used for high-risers”.

CIDCO had called applications for the rent out of 4 residential and commercial plots in Nerul and Sanpada.

Nerul plot had received maximum price of Rs 2.82lakh per square meter in 2015. Shree Shawan Builders a city based developers had paid for 1601.78 square meter for both Residential and Commercial plot in Nerul in sector 44 A at Rs 2, 82,333 per square meter.

CIDCO swirl out Rs 319 crore through mandating of 4 plots, 2 of them plots are in Nerul and 2 in Sanpada. The other plot in Sanpada earns Rs 3, 07,555 per square meter.

Akshar Developers gained another plot in bid in Sanpada. Rs 3, 07,555 for 5,122 square meter at sector 13 in Sanpada.  A total 12 builders had struggle for the plot.

2 plots in Nerul were sold through bidding.  Nerul plots could not earn the price as it was habituated. The plot is at sector 13, the sizes of plots are 1,456 and 1,975 square meter. The prices for these plots were quoted Rs 1, 64,000 and Rs 1, 73,600 per square meter.

Dr Mohan Ninawe, senior public relationship officer of CIDCO said that “We have received a total 57 bidding for the four plots located in Nerul and Sanpada. CIDCO would receive Rs319 crore from leasing these plots.”

Faridabad city is getting treasure day by day as it was connected with Metro and some weeks ago it came in the list of fast track smart city.

Planning is going to convert city into service industries.  Intensions are being made to upgrade infrastructure of this city. It’s likely that people brood to Gurgaon which is also known as Millennium City will soon find a reasonable housing substitute here.

Last month Faridabad was constitute in the fast-track list of 13 towns that will be transformed into smart cities. A proposal of smart city was submitted by The Municipal Corporation of Faridabad beetling a cost of Rs 2,600 crore to the union ministry of urban development previous this year. The plan included area based development idea involving development of an area of 1,267 acres, including sectors 19, sector 20, 20 A, 21A and 21D.

The Plan includes reconstruct these sectors location Badhkal Lake. It adds 3 Metro stations, Metro yard, a railway station and 2 urban villages of Fatehpur, Arjondi and Chandela and two consistent urban slums like Sant Nagar and Friends colony.

The green rebuilding and renewal of the fading Badhkal Lake includes padding the lake with water which is prone to be done in 300 days. D R Bhaskar, officer of smart city project of Faridabad says that for all this an STP plant will be formed 2 km away and the pipeline carrying treated water will be tied to damage lake.

D R Bhashkar says the total cost of this plan is approx. 50 crore and will be completed in coming 2 years. Footpath for pedestrian and cycle will be constructed of 4 km length along the NH2.  Faridabad is listed among 400 railway station which will be developed.

RC Gupta, managing director of RPS group said that the Master plan of 2031 Faridabad is yet to be alert provision of around 35 new residential projects from which 5 to 7 are for industrial and institutional sector. Alongside the widening and construction of NH-2 to a 6 lane expressway that is under more prior stages of structure with upgrade the link with the Capital.

The cost of projects in sector 88 will be range from 44 lakh to Rs 46 lakh for a 2bhk, for 3 bhk it cost Rs 61 lakh. 2 bhk flat in an under construction stage, and this project will cost Rs 32 lakh. 2bhk flats for rent in Faridabad are affordable and are around Rs 10,000 per month and for 3 bhk rent is around Rs 15,000. “Earlier we would strike around seven deals, now we do barely two or three. Some people prefer Faridabad to Gurgaon because it is peaceful and affordable and the sizes that are available are bigger than projects in Gurgaon. Sizes of apartments in Faridabad range from 1200 sq ft to 2022 sq ft,” says Rajiv Bhasin.

Puri Construction plans to launch a 100- acre township in sector 88- – both plots and floors in couple of months. The company has so far delivered close to 1,000 units in the area and around 5,000 families are already living.

Facebook a very popular social networking site can now not only get you more likes and comments, it can also effect the price of your home if you try to sell one, say analysts.

Residence prices can increase through social networks like a virus and friends on Facebook can have too much of an impact on what one income for a home.

Researchers of United States National Bureau of Economic Research, Persons whose friends are admitting resident price hike were eager to pay extra for a residence.

Study has done by Facebook business analyst, Michael Bailey, Harvard University’s Ruiqing Cao and Johannes Stroebel and Theresa Kuchler from New York University’s Stern School of Business they united Facebook audit data with civic record clue on residence purchase.

New Zealand Herald reported, they looked at friends who were ‘’ geographically apart’’ and their social networks to asset the response.

The analysis showed ‘’ If people’s faraway friends were from places where residential prices rose by 5% heavy than normal in the last 2 years, they were more acceptable to purchase a residence by 3.1 %, paid for a house 1.7% larger and compensated 3.3% more for a given residence.

The case was excessive, matching,’’ likewise 520,000 housing purchases in country Los Angeles since 1993 to the social site Facebook account of the various residence clients’’.

The case study added, Only whose friends practice larger novel residence price raises were more assured about investments in property.

Flats in residential category and plots in industrial, institutional and commercial categories are on offer. The offer is launched by The Yamuna Express way Industrial Development Authority cast 5 housing schemes in its area on Wednesday.

Through lottery system authority has put 280 residential flats, Rs 11 lakh for 200 smaller units, 19 lakhs for 80 bigger units. Arunvir Singh, CEO, YEIDA said “These flats have been left over from previous schemes; they will be allotted on a lottery basis and are located in Sector 22D.”

YEIDA will sell off commercial plots in its area. For Commercial use for investors and business man these plots have been composed at a price of RS 34,080 per square meter. Technical bids will de decided on 30 June.  According to officials the scheme titled ‘Footprints for Commercial Use’ comes with controlled design features. Arunvir Singh said “The development and construction of building to be used for commercial use are being offered on a 90-year lease.” The plots will be maintained and developed by YEIDA, while further construction will have to be executed by the eventual assignee.

Total 106 institutional plots are also available for investors. The price of these industrial plots has been fixed at Rs 7,560 per sq. meter. These industrial plots are in sector 18, 20 and 22. Allotments will be done on the basic of first come first receive. 339 industrial plots up to 2,000 square meters in size are also on sale. These plots will be allotted at a price of Rs 6,405 per square meters and are located in sectors 29 and 32. Official said that the scheme will close on June 30.

Real estate in Bangalore is very high in graph of success and SNN Builders has prove it by completing possession of 2 million square feet superior residential project named Water’s Edge property from Essar Group at Hebbel , a fast developing locality in Bangalore , in a Rs 490 crore.
Along the attainment of contract, SNN Builders now ratify IBROX Real Estate Development, an Essar Group company that reserve the Water’s Edge project. It will take duty to replete and hand over the project within a fixed agenda. In a statement Essar Group said that the final deal price includes client needs.
Ramesh Agarwal, M.D of SNN Builders said that “His Company will soon relaunch and rebrand it in a way that existing customers and future prospects will be able to experience a product that will stand out in the Hebbal micro-market. “
Project which is under construction, for them the company would require additional R400 crore to complete the project. Work has been completed on two towers till but work has been stopped due to private affairs faced by the Essar Group, said by Ramesh Agarwal.
Mr. Agarwal said “this is a luxury residential project with tallest tower in North Bangalore. Projects will be completed in upcoming three and a half years with world class amenities. ”