DDA Results Out: Dream Come true for 16,118 Lucky Applicants

Over seven lakh of people had rowed up to try their luck to have one’s own house in Delhi and a majority of them were disappointed. But for the 16,118 people it was a short of miracle, who now finally have an address of their own. Though DDA had published the list in newspapers and also uploaded it on its website, many turned up at Vikas Sadan on Tuesday to ensure that it wasn’t a fantasy.

“Suresh Kumar Kher who works at the airport got lucky as he was allotted a LIG flat in Narela. He with his wife, Sudha, and son went to Vikas Sadan as they wanted to be doubly sure of having got the flat.  “We had checked the DDA website in the morning and I had asked a friend also to double check it. My wife’s prayers have been answered. We live in rented accommodation at INA now and can’t believe we finally have a house of our own in the city. This is the first time they applied got lucky.

Kameshwar Nath Mahato, came to Delhi from Jharkhand 15 years back. He works as a supervisor at United Coffee House. He was in suspense till the morning as he couldn’t access the DDA website because of the heavy traffic. “The flat is in the name of my wife, Anita Kumar Mahato, and I have worked very hard for this. I, my wife and my two-year-old daughter are going to see our LIG flat in Rohini’s Sector-28. The house is affordable, about Rs 13 lakh, ” Said Kameshwar Nath.

Vikas, had come to check on behalf of his brother, Sandeep Kumar, said the family was going to Sirsa to pray at a Gurdwara and thank god for the good luck granted on
them “We live on rent in Karol Bagh but now I can tell my friends that I have a house of my own. Also, we brothers can finally think of marriage now that we have a house,” said Vikas, whose brother has been allotted an LIG flat in Narela.

Mahesh Kumar had been provoked by his girlfriend and his father to take a chance. “I’ve never been so lucky and wasn’t anticipating much from this scheme. I applied at the last minute and didn’t even look at the paper in the morning. I am thrilled,” he said.

Ranjan Chopra didn’t bother to go to the DDA headquarters. He lives in Munirka and was working on Tuesday. Now, the proud owner of an HIG Flat in Vasant Kunj, he said. The entire family will now be shifting in a big house. “It’s because of my faith in god and the blessings of parents that I have been able to get it,” he says.

 

Income Tax Department to Probe Suspected Real Estate Deals.

The Income Tax department is looking into all the alleged deals of real estate to check the contribution of black money and tax dodging of such dealings in the last few years. The process starts in New Delhi and eventually would move to other metros.
“Analysis of the Property deals will start with New Delhi and appropriate actions would be taken as required”, Sudhir Chandra, Chairman CBDT said. In the past few years after IT department had received complaints about the black money involvment, IT department has raided many real estate developers, including the major ones.
IT officials says that they had uncovered lot of black money from most of the builders. A new process is being levied which would keep an eye on sources of funding for developers projects which includes individuals as well as property dealers.
Approx 40-60 percent of the cash componenet is unaccounted on papers. This helps builders to avaoid tax on cash  incomes. The deaprtment is focusing very closely more on dealers rather than small ones. The amount of assets detained by the IT department had been more than doubled in the last four years, while the number of raids had came down. IT department searched 529 groups in 2006-07. The number of searches dropped to 454 in 2007-08, 429 in 2008-09 and 409 in 2009-10.

DLF Deals with Mango: Ramps its Presence in Fashion Retail

DLF Brand, a subordinate of DLF Ltd, has come up with its presence in fashion retail trade by collaborating with the Spanish Brand Mango. This happened since the brand announced its two other new retail trends, including a multi-brand showroom chain, of its own. The DLF group company had also launched, for the first time, its own brand, Pure Home and Living, a premier home decor and furnishing brand of retail showrooms. The first of the showroom opened in Delhi  two months back competing with Future Group’s Home Town and Landmark Group’s Home Centre.

Mango, the Spanish Fashion Brand, with over 1,700 showrooms worldwide, decided to sign up DLF as partner to fast track its expansion after nearly a decade of operations in India. The Spanish Brand of clothing has been majorly in partnership with Major Brands through which it released almost 15 stores. DLF will be leading the new showrooms openings. DLF, which has already opened Mango’s travel retail showroom at the new terminal (T3) of New Delhi airport and plans to add another six more stores in the current year, said DLF Brands CFO Dipak Agarwal.

“The major collaborations are now looking to grow assertively here in India having been around for so long. The company wants to concentrate on brand-building and designate the expansion to its franchisee,” Agarwal added. DLF also operates other universal fashion names such as Armani, DKNY, Ferragamo and Mothercare.

DLF is set to launch a multi-brand retail store chain of international fashion brands, the company official said. These showrooms will also store brands that are not part of DLF Brands and will be competing with the high-end retail formats like The Collective, a unit of Aditya Birla Nuvo.

“The multi-brand showrooms will be like a premium discount showrooms keeping high-end fashion labels but at lower price, as there is an opportunity in the market for such showrooms which are highly internationally popular. These stores will be done up gracefully and won’t look like the second stores or factory outlets which are available at present,” Agarwal said. The first of the multi-brand showroom is spread across 10,000 sq. ft which will open in Gurgaon.

DLF group spreads across 16,000 to 18,000 sq. ft is looking to open more 4-5 stores in Mumbai, Bangalore and Pune by end of this year.

Smarter Way of Buying a Home.

Profit is the keyword, when it comes to Investment and Investment in real estate rotates around purchase, ownership, management, rental and sale of property.  It involves a lot of planning, especially because of the rapid changes in the economic scenario.

Here’s a checklist of the things you need to keep in mind:

  • The Location: While buying a home, location is the most important factor. It is essential to take several factors into account. If you are to reside in a house, it becomes important to see the other factors such as propinquity to the work place, school, family and friends. No one would mind spending a few lakhs of rupees if the house were close to ones child’s school or ones office.
  • The Condition of the Home: If you are buying an old house, scrutinize it carefully. No one don’t want to waste a lot of money in repairs later on.
  • Nearness to leisure time areas: You may want to live in a neighborhood with parks, libraries and walking trails, local markets, shopping malls, etc. as these are the points where you can relax or have fun on daily basis and also fulfils your basic needs of life.
  • Future Prospects: You can have an idea about the property by the area is going to develop by looking at the current local real estate trends. Upcoming malls and hotels are a key of the kind of development that the region is expected to undertake. The more developed an area, the more valuable your property becomes. High property values are especially useful when you want to go in for rent out or selling, so that it gives you good profit.
  • Your Neighbors: Try to meet the people living in the neighborhood of the choice of your area. If they are unfriendly to the idea of having you as their neighbor, it’s likely to show in their behavior.
  • Finance: You need to work out the financial implications of buying a home. You will have to decide whether which home loan, which bank at pertaining interest percentage you want to opt for to finance your property. If you already have the money, you need to work out whether investing your money in a property will affect your other expenditures in any way as you may need some for unforeseen emergencies.

DLF to set up Infopark projects

DLF is India’s biggest real estate developer which has decides to develop Infopark
project worth of Rupees 1000-crore which would be spreaded over 54 acres in all
the phases. Firstly, they intend to develop one-tenth of the plot (5.4 acres) in
first phase, for which they had made the building plan and had forwarded for
the approval of the Bhubaneswar Development Authority (BDA). In this context,” DLF has submitted a revised building plan for the Infopark project which is under
scrutiny of BDA”.

After following the de-notification of the Special Economic Zone (SEZ), DLF had
thought to develop the Infopark project under the STPI (Software Technology
Parks of India) scheme.

DLF had made certain changes in its Infopark project which is to be built over 54 acres in the Infocity region of the city. DLF – real estate masters are interested on setting aside a greater area for non-processing facilities like shopping malls and multiplexes. This project which had to come up in three phases, comprises of an IT area, a luxury hotel, a chain of retails, service apartments and recreational facilities with a total built-up space of about 5.5 million sq ft. For  the luxury hotel, DLF had tied up with Hilton which is a famous international hotel chain. For the first phase, DLF had committed an investment of Rupees 300 crores for developing an IT workspace of international standards which would be a built-up area of 5.7 lakh sq ft. This phase is scheduled to be operational within 18 months to 02 years after commencement of construction of work. The Infopark project may generate direct and indirect job opportunities for over 40,000 people in sectors like IT and ITes (IT enabled services), retail and hospitality.

Jaypee Greens Launches New Project “Krescent Homes” on Noida-Greater Noida Expressway

Jaypee Group has announced its new project “Krescent Homes” in Wish town at Noida. As per the announcement Krescent Homes is a complete residential community with over 80% green area dotted with a Chip & Putt Golf Course and landscaped spaces. In addition, there are recreational spaces exclusively for the residents to relax in, sports facilities to enjoy and multiple shopping & entertainment spaces. The project has 2/3/4 BHK Luxurious Apartments starting at Rs 36.12 Lakhs and is located right on the Noida-Greater Noida Expressway.

For further details or booking visit http://jaypeegreenskrescenthomes.propertywala.com/ .

Be More Successful in 2011 with PropertyWala.com

Avail special New Year discounts of upto 66% on preferred broker/builder packages.

PropertyWala.com offers you a special New Year discount on our best-selling advertising packages.

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You will have the following benefits as a preferred Broker/Builder.

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  • Unlimited Automatic Referral to property sellers in your area (seller leads).
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Validity  6 Months 1 Year
Property Listings 50 100
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Some sample dynamic websites made by us:

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* Each property listing will be live for 90 days from the date of posting/renewal irrespective of the package validity.

For any clarifications or specific requirements please do not hesitate to contact us directly on (0) 9212558181 or 9212221817 or email sales@propertywala.com. For more advertising options please click here.

Note: Conditions apply. These offers are valid till 31st January 2011 only. The same packages can also be purchased at a later date, but at the regular rates. The offers cannot be combined with other offers and no further discounts can be added. Dynamic website offer applicable for new websites only.

Jaypee Greens Announces Kassia Personal Suite in Sports City

Construction Major JAYPEE GREENS has announced the launch of SPORTS CITY KASSIA PERSONAL SUITE located along Yamuna Expressway in Greater Noida. Jaypee Greens Kassia is located in Jaypee Greens Sports City in close proximity to the upcoming Formula One Racing Circuit. It will also be close to boulevard style roads.

  • Personal Suite / Floor
  • Area : 2 BHK – 1000 sq ft
  • 3 BHK – 1300 sq. ft.
  • 4 BHK – 1800 sq. ft.
  • Options: G+4 and G+6
  • Rate : Rs. 2050 per sq ft.

(All information is approximate)

For more information or booking please visit jaypeegreenssportscity.propertywala.com

New Plots Launched in Jaypee Sports City Country Homes

PLOTS

Size-153 sq. yd.

Rate- 16,200 per sq yd. (after disc @ Rs. 1800 per sq yd.)

Additional Charges – as it is

Plots available on :

  • Down Payment Plan – Disc 10% on BSP
  • Partial Down Payment Plan – Disc 6.5% on BSP

Earlier it was known as JPSK (Jai Prakash Sports Komplex)

Now it is known as JPSI (Jai Prakash Sports International)

Inventory Limited

Visit jaypeegreenssportscity.propertywala.com for more information and booking.

Khinvasara Group Launches Cost Effective Residential Project in Walunj, Aurangabad

Khinvasara Group of Companies has recently emerged as one of the major players in development of the residential and commercial properties in Aurangabad (Maharastra). One of the companies of the group has played a major/ key role in the real estate in building modern cement spaces of Aurangabad since last 50 years.

Till now the company has constructed more than 3.5 L sq.ft of commercial and residential spaces. Land development is yet another of forte. And as on date the company developed in excess of 100 acre land within Aurangabad.

Some of the earlier projects by The Khinvasara Group are Ulkanagri, Khinvasara Park, Khinvasara Nagar, Vardhaman Residency etc. And now they are coming up with their new Residential project Khinvasara Estates near Walunj, Aurangabad (Waluj). It consist 100 flats and row houses in an area of 7 acres. The project will consist of 1/2 BHK Flats/Apartments costing 11 to 14 lacs and row houses (3 BHK) will cost Rs 20 to 30 lacs.

Amrapali Group announces “Amrapali Leisure Valley” Independent Villas in Noida Extension

Till now Noida extension was only having war between budget home providers. Adding to the current construction war in Noida Extension Amrapali group recently added new Category “Independent villas“. Today In leading newspapers through Full page ad Amarapali Group announced a Project Having Luxurious Independent Villas in Noida Extension. Name of the project is yet not announced but According to the sources it’ll be called “Amrapali Leisure Valley“.It will have around 71 Acres of open area. At its name suggests It will have many Leisure facilities like golf,cricket academy, Club, Pool facility.

For More details and Booking Visit http://amrapalileisurevalley.propertywala.com/

New Residential Project in Noida – Jaypee Greens Kensington Boulevard

The builder Jaypee Group has announced the launch of its new residential apartments, Jaypee Greens Kensington Boulevard, in Sector 131, Noida. This will be a part of the Jaypee Greens Wish Town project and will features 1, 2, 3, and 4 bedroom flats ranging from 550 to 2700 sq feet. The tentative rate is Rs 3330/- per sq. feet.

For more information and booking visit http://kensingtonboulevard.propertywala.com/

Jaypee Greens Announces New Residential Project: Kasa Isles, Sector 129, Noida

Constuction major Jaypee Group has announced a new residential project in Sector 129, Noida called Kasa Isles. Jaypee Greens Kasa Isles will feature 1, 2, 3 and 4 bedroom flats/apartments ranging from 550 to 2700 sq. feet. The approximate cost will be Rs. 3390 per sq. feet.

For more details and booking visit http://kasaisles.propertywala.com.

What does an affordable house mean?

We often hear that real estate has a new concept for middle class family, which is so called “Affordable house”. Almost everyone showed a positive attitude for such concept because when it comes about a middle class family, everyone thinks about the cost. But is this concept feasible? Almost all developers are offering 1BHK flat in far-flung are with a name “Affordable house”. According to Mr. Deepak Parekh, chairman of HDFC, “Affordable housing is not about box-sized, budget homes in far-flung places where there is no connectivity to work places and little surrounding infrastructure”.

Affordable house should be such a housing solution which has economic sense in terms of proximity of work place. This concept also requires public and private sector collaboration.

Jaypee Group Announces Wish-Town Kensington Park – Residential Plots in Noida

Noida, Uttar Pradesh – Construction major Jai Prakash Associates (Jay pee Greens) has announced new residential plots – The Kensington Park in Sector 133, Noida. The project is located in prime location with Jaypee Wish-Town along the Greater Noida Expressway providing excellent connectivity to areas of South Delhi (Apolo Hospital: 10-15 minutes and AIIMS: 20-25 minutes drive).

The plots are available in the sizes 153, 209, 239, 298, 363, and 538 sq yards. The pricing is very attractive at Rs 42,000 per sq. yard. Currently an inaugural discount is available of Rs 3,000 per sq. yards bringing down the price to Rs 39,000 per sq. yard. An additional 10% discount is also available on down payment.

For further information or booking please visit: http://kensingtonpark.propertywala.com/

Nearby Landmarks

  • Markets & Shopping Malls

    • Shopping Center (<8km),
    • Smart Store (<10km),
    • Tejsingh Market (<10km),
    • Plaza Market (<10km),
    • Murari Market (<10km),
    • Ch Dharamveer Market (<10km),
    • Kaushik Bazar (<10km),
    • Jharia Market (<11km),
    • Software Technology Parks Of India (<11km),
    • Shopping Complex (<11km),
    • Senior Mall (<11km),
    • Sewa Grand Mall (<11km),
    • The Great India Place Very Expensive Mall (<11km),
    • Shoppers Stop Ltd. (<11km),
    • Unitech Mall (<11km),
    • The Great India Place Mall (<11km),
    • Centre Stage Expensive Mall (<11km),
    • Centre Stage Mall (<11km),
    • Crown Interior Mall (Upcoming) (<11km)
  • Transportation

    • Bus Terminal (<5km),
    • Private Delhi Airport Parking And Store (<23km),
    • Airports Authority Karbla Lan (<24km),
    • Karbala Shahe-Mardaan (Karbala Colony) (<24km),
    • Airport Residence Area (<25km),
    • Airport Authority (<25km),
    • Airport Authority Area (<25km),
    • Safdarjung Airport Bus Stop (<25km),
    • National Airports Authority (<25km),
    • Airport Runway (<25km),
    • Safdarjang Airport (<25km),
    • Taxi Stand (<10km),
    • Tughlaqabad Railway Station (<11km),
    • Tughlakabad Railway Station (<11km)
  • Banks & ATMs

    • State Bank Atm (<5km)
  • Restaurants & Clubs

    • Shayam Dhaba (<6km),
    • Park View Restaurant (<6km),
    • Club Area (<7km),
    • Shreniks Fan Club Building (<8km),
    • Golf Club (<9km),
    • Ajad Mohan Sports Club (<11km),
    • Club View Enclave (<11km),
    • Avi Club (<11km),
    • Arun Vihar Institute Club (<11km),
    • Ruby Tuesday (<11km),
    • Maamouchee (<11km),
    • Ice Cube (<12km)
  • Movie Halls

    • Seble Cinema Hall (<10km),
    • Seble Cinema (<10km),
    • Bunty Cinema Hall Sarai Khawaja (<11km),
    • Wave Cinema (<11km)
  • Parks

    • City Park (<2km),
    • City Park (<3km),
    • Park (<5km),
    • Mentor Graphics Noida Tower A Logix Techno Park Noida (<6km),
    • Senes India (<6km),
    • Cyber Group India Logix Techno Park Taj Expressway Noida Up India (<6km)
  • Hospitals & Clinics

    • Shri Ram Hospital (<8km),
    • Sharma Teeth Hospital (<8km),
    • S.P.C.A. Hospital…Dr. Sandeep Pundir (<8km),
    • S.P.C.A. Hospital (<9km),
    • Prayag Hospital (<9km),
    • Veterinary Hospital (<9km),
    • Goodwill Hospital (<9km),
    • Veterinary Hospital (<10km),
    • Shivalik Hospital (<10km),
    • Friend X-Ray Centre (<6km),
    • Singh Clinic (<6km),
    • Health Center (<6km),
    • Disha Dental Clinic (<7km),
    • Vishwas Clinic (<8km),
    • Dev Nath Clinic (<8km),
    • Hema Clinic (<8km),
    • Naveen Dental Clinic And Nikhil Opticals (<8km),
    • Family Health Centre (<9km)
  • Hotels & Guest Houses

    • T-Series Company Guest House-Pointed By Kiran Kalaria (<12km),
    • Sangam Guest House (<14km),
    • Jss Guest House (<16km),
    • Upkar Guest House (<17km),
    • Yuvraj Guest House (<18km),
    • Manor Guest House (<19km),
    • Bimal Deep Guest House (<20km),
    • Bimaldeep Guest House (<20km),
    • Ongc Guest House (<20km),
    • Nirulas (<11km),
    • Hotel Rama (<11km),
    • Rama Hotel (<11km),
    • Hotel Saffron Heights (<11km),
    • Hotel Radison (<11km),
    • Radisson Mbd Hotel (<12km),
    • Mbd Radisson Hotel (<12km),
    • Hotel Raddison (<12km),
    • Hotel Radisson M B D (<12km),
    • Shipra Hotel (<12km)
  • Offices

    • Taj Express Highway Project Office (<3km),
    • Vaid Madir Kutiya Office (Satender Yadav Working Chandan Friend) (<5km),
    • Ipolicy Networks (<6km),
    • Jazzs Office (<6km),
    • Ravimarathe Ka Office (<6km)
  • Schools & Colleges

    • Lotus Valley School (<6km),
    • Lotus Valley International School (<6km),
    • Silvertone School (<6km),
    • Ayush Keshans College (<8km),
    • Degree College (<8km),
    • Govt. Degree College (<10km),
    • College Of Advanced Software Engineering (<10km),
    • Corporate Office + Mba College (<12km),
    • Dev Typing College (<12km)

* All distances are approximate

PropertyWala.com is a winner again!

PropertyWala.com - Website of the Year 2009We are excited to announce that PropertyWala.com has been voted the best real estate website of the year for the second year in a row!

PropertyWala.com, launched in Jan 2008, continues its tradition of innovative and affordable advertising in real estate. We would like to thank you for your continued support in making us the best website yet again in our second year (also voted best in 2008).

The Website of the Year awards are the largest annual ‘people’s choice’ website awards and have organized since 2004 by MetrixLab, an independent online market research agency, in association with Neilsen Online & Mashable. The title ‘Best Website of the Year’ is provided to the website with the highest average score on content, navigation and design in its category. This year, 221 websites were nominated over 18 categories. More than 1,500,000 votes were cast between November 3 and December 8 2009. PropertyWala.com was voted best among 12 websites nominated in the real estate section. Complete results of the poll are available at http://www.websiteoftheyear.co.in.

Jaypee Greens Announces Lake District in Sports City, Greater Noida

Jaypee Greens Sports City - Lake District,  Greater Noida Jaypee Group (JPSK Sports Private limited) announces yet another new residential project “Lake District” under its new sports themed township Sports City along Yamuna Expressway in Greater Noida (Gautam Budh Nagar). The project is so names as it will feature an artificial lake in line with international standards. The project will offer luxury living at affordable rates. The lake district project will have 2BHK (2 bedroom), 3BHK (3 bedroom) with optional worker rooms (servant quarters), and 4BHK (4 bedroom) with worker rooms (servant quarters) residential apartments.

For further information such as floor plans, pricing, booking details, etc. please visit: http://jaypeelakedistrict.propertywala.com/

Jaypee Group to Announce Jaypee Greens Sports City in Greater Noida

Athens Olympic Sports Center
Photo by Ava Babili
After the success of various projects like Jaypee Greens Kosmos, WishTown Klassic, Aman etc. in Noida and Greater Noida, Jaypee Group is ready to unveil their newest venture in premium real estate — Jaypee Greens Sports City, Greater Noida — according to reliable sources.

The project will be located in the heart of Greater Noida in close proximity to proposed Formula 1 racing track, Jaypee Integrated Sports Complex, Golf course, NRI City, Gautam Buddha University. The project will mainly consist of affordable 2 and 3 bedroom budget apartments and commercial properties.

Due to its prime location and features the new project will offer an excellent living environment and an ideal investment opportunity.

Formal announcement is awaited and further details and updates will be available on the website http://jaypeegreenssportscity.propertywala.com/ .


Nearby Landmarks

  • Transportation

    • Railway Station Dadri (<6km),
    • Airport (<31km),
    • 18 New Dehli Airport (<43km),
    • Private Delhi Airport Parking And Store (<45km),
    • Dankaur Bus Stand (<19km),
    • Bus Terminal (<22km),
    • Taxi Stand (<2km),
    • Auto Cum Taxi Stand (<5km)
  • Markets & Shopping Malls

    • Singapore City And Mall (<2km),
    • Harsha Mall (<2km),
    • Gamma Shopping Mall (<5km),
    • Ansal Plaza Shopping Complex (<3km),
    • Logerstromia Shopping Complex (<3km),
    • Community Shopping Center (<3km),
    • H Block Commercial Complex (<4km),
    • Zonal Shopping Center (<4km),
    • Greator Noida Shopping Plaza (<4km),
    • Bajrang Shopping Centre (<4km),
    • Kadamba Shopping Centre (<4km),
    • Bagon Villa Shopping Centre (<5km)
  • Banks & ATMs

    • Bank Of Maharashtra (<2km),
    • Icici (<3km),
    • Hdfc (<3km),
    • Citi Corporation Bank (<4km),
    • Bank Of Baroda (<4km),
    • Syndicate Bank (<5km),
    • Indian Bank (<5km),
    • Oriental Bank Of Commerce (<4km),
    • Icici (<5km),
    • Canara Bank (<5km),
    • State Bank Of India (<9km)
  • Restaurants & Clubs

    • Swagat Restaurant (<3km),
    • The Yellow Chilli (<5km),
    • Dawat (<5km),
    • Spice Of India (<5km),
    • Sharma Vaishno Dhaba (<6km),
    • Heritage Club (<1km),
    • Club Beta Ii (<3km),
    • Shiva Sports (<4km),
    • The Steller Gymkhana Club (<4km),
    • Club Ansals Golf Links (<4km),
    • Club Gamma I (<5km)
  • Movie Halls

    • Inox Air Products Ltd (<7km),
    • Durga Cinema Hall (<10km),
    • Mohan Palace Cinema (<11km)
  • Parks

    • City Park (<1km),
    • Water Park (<2km),
    • Accman Instittute Of Management (<5km)
  • Hospitals & Clinics

    • Dr Dhiraj Ahlawats Clinic (<2km),
    • Vlcc Slimming Beauty Fitness (<2km),
    • Virddhi Clinic And Medicose (<3km),
    • Final Diagnosis (<3km),
    • Dr Chauhan Poly Clinic (<3km),
    • Manav Sewa Clinic (<4km),
    • City Homeopathy (<4km),
    • Jyoti Hospital (<3km),
    • Nimt Hospital (<3km),
    • Kailash Hospital (<3km),
    • Sahdev Hospital (<4km),
    • Pryag Hospital (<5km),
    • Prayag Hospital & Reserch Centre Pvt Ltd (<5km)
  • Offices

    • Main Office (<3km),
    • Greater Noida Authority Office (<4km),
    • New Universal Office System (<5km),
    • Office Solution (<5km)
  • Schools & Colleges

    • Daffodil School (<1km),
    • Higher Secondary School (<2km),
    • Priyadarshani School (<2km),
    • Summer Villager School (<3km),
    • Nand Marg Nursery School (<3km),
    • St Joseph School (<3km),
    • Ryan International School (<3km),
    • Jp International School (<4km),
    • Dharam Public School (<4km),
    • Diamond Drill Senior Secondary Public School (<4km),
    • Iec College (<3km),
    • Global Institute Of Management And Technology (<4km),
    • Pccs College (<4km),
    • Bakson Homeopathic Medical College (<4km),
    • Priyadarshini Institute Of Management And Technology (<4km),
    • Hauard Institute Of Management And Technology (<4km),
    • Iec Institute Of Management And Technology (<4km),
    • Ramesh Institute Of Management And Technology (<4km),
    • Galgotias College Of Engineering And Technology (<5km),
    • Ishan Institute Of Management And Technology (<5km)

* All distances are approximate

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Update: This offer has now expired. Thanks for the overwhelming response. For information on our other offers please contact us.

Avail special festival discounts of upto 66% on preferred broker/builder packages.
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  • Unlimited Automatic Referral to property sellers in your area (seller leads).
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  • City search page listing (Your name & contact info will be displayed on all property
    searches in your city under the heading “Preferred Brokers”)
  • Plus other features as detailed below:

Preferred Broker Package

Validity 6 Months 1 Year
Property Listings 50 100
Offer Price Rs 15,000 Rs 5,000 Rs 30,000 Rs 10,000
Bonus Rs 5,000 worth of buyer leads (upto 50 leads) Rs 10,000 worth of buyer leads

(upto 100 leads)

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Preferred Builder Package

Validity 6 Months 1 Year
Property Listings 25 50
Project Listings 1 2
Offer Price Rs 15,000 Rs 5,000 Rs 30,000 Rs 10,000
Bonus Rs 5,000 worth of buyer leads (upto 50 leads) Rs 10,000 worth of buyer leads

(upto 100 leads)

Fully Customized Dynamic Website* worth Rs 15,000

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Note: This festival offer is valid till 25th October only. This package can also
be purchased at a later date, but at the regular rates.

* Unique Features of the Customized Dynamic Website

  • Your own custom branded website designed, developed and maintained by PropertyWala.com.
  • You can display your company logo, information, contacts, and all your properties.
  • All your property listings posted on PropertyWala.com website will be automatically
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  • Your microsite will also be linked from your PropertyWala.com builder profile page
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  • Your microsite will be search engine optimized for high ranking in search
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  • Your microsite will feature a dynamic satellite map showing the locations of all
    your projects/properties in one glance.
  • Click here for a sample of a microsite.

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Office rentals stabilize

Office rentals, which dropped 40% from their peak in the middle of 2008, stabilized across the country in the September quarter as fresh bookings for office spaces partly reduced inventories, says a report by international property consultant CB Richard Ellis.

There was no change in office rentals in some of the major office locations in the national capital region, Mumbai, Bangalore, Hyderabad and Kolkata, while rentals at some others in Chennai and Pune fell by 5-6% in the quarter ended June 30. In contrast, rentals in Connaught Place in Delhi and Gurgaon in Haryana registered an increase of 5-8% in the last quarter.

“The increase in demand is largely due to improving economic conditions, positive market sentiment and growing corporate confidence. However, it will take some time for the supply-demand gap to get bridged. Thus, both rentals and capital values are expected to remain stagnant or under downward pressure in the medium term,” said Anshuman Magazine, chairman and managing director for South Asia at CB Richard Ellis.

In Mumbai, commercial office space is seeing a slight pick up in demand but rentals continue to be competitive. The September quarter saw close to 95,000 square feet of cumulative lease transactions as compared to 83,000 square feet space being rented in June 2009 quarter, according to the report.

However, as Mumbai continues to be 15th largest office construction site in the world with about 3.5 million square feet of office space coming up in extended business districts (EBD), capital values will remain low. This has resulted in a few unexpected transactions of outright purchase. Recently, Motilal Oswal, a brokerage firm purchased 90,000 sq feet office building for Rs 156 crore. Constructed by K Raheja, the property was purchased at Rs 17,333 per square feet as against the ongoing rate of Rs 19,000-21,000 per square feet.

“Indian corporates firmly believe that current valuation of commercial property is attractive, so they are capitalising on it rather than leasing as is being opted by MNCs,” said Sanjay Dutt, CEO (business), JLLM, an independent property consultant.

Residential realty prices moving up

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

Anshuman Magazine, MD – real estate consultancy firm CB Richard Ellis – South Asia, said, “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%-10% in the last three months”.

The developers had cut prices by around 30% in first two quarters of calendar 2009 to revive the demand of residential units, which plummeted to a low due to the global financial crisis. Magazine said the price cut led to some recovery in demand. Enthused by the partial recovery, he said, the developers, who had sold a substantial portion of their projects at hugely discounted prices, decided to increase them marginally in the next phase.

According to a IIFL report, in Mumbai, prices are up 25%-40% from the bottom in early 2009, while in NCR, the corresponding figure is 15-20 %. “Constrained supply and a revival in demand drove up prices in Mumbai, and NCR,” the report said.

In Mumbai, the prices of apartment in Metropolis appreciated by 38% since March to Rs 10,500 per square feet. Similarly, the project, Planet Godrej, has become 20% costlier to Rs 25,000 per sq ft in the last six months. In NCR also, many developers like DLF, Unitech, Jaypee Greens, Mahagun and Amrapali among others, have increased prices by around 10% from the launch prices in March-June.

In the premium segment also, there is revival in demand, said Vibhor Gupta, senior official of Jaypee Greens. However, the prices have not witnessed any escalation in the premium segment. Similar trend has been noticed in cities like Bangalore, Pune and Chennai.

“The current trend of price escalation can not be sustained as it will affect the demand,” said Aditi Vijayakar, ED of Cushman and Wakefiled, adding, as the demand has revived following interest rate cuts by banks, many developers have announced projects in the affordable range. This will increase the supply and will put pressure on the price rise.

At the same time, another consultant said the financial condition of the developers has not improved to a level that they can hold a project for long. They need cash flow to service the debt, which they have taken to buy lands. The source said the money from other sources like dilution of equity is still not easily available. This has forced developers to depend on the sales proceeds to service debt.

Taxes on Nariman Point buildings hiked 10-fold

Nariman Point is in a state of turmoil. The Brihanmumbai Municipal Corporation has slapped notices on building societies here by increasing their taxes by as much as 5-10 times.

The BMC’s assessment and collection department recently hiked what is commonly known as the rateable value in buildings where offices have been given out on leave and license. The rateable value is fixed on the basis of the rent a particular office space is expected to fetch the owner.

There are close to two dozen buildings in Nariman Point. Some months ago, several societies received notices, informing them that the new rates would be applicable with retrospective effect from April last year.

The fifteen storey Mittal Court is a case in point; the civic administration has hiked its rateable value from Rs 2.86 crore a year to a phenomenal Rs 21.31 crore, 8-fold increase.

Dalamal Tower was slapped with a revised rate that was over 10 times the last one. It will now have to shell out Rs 17 crore instead of Rs 1.59 crore a year.

Interest rates on home loans decline further

An interest rate war is brewing in the home loans this festive season. Development Credit Bank (DCB) and GIC Housing offering home loans below the psychological 8%. DCB, which recently entered the segment, is offering home loans at 7.95% for loans up to Rs 5 crore at fixed interest rate for the first year and floating rates from year two.

“While affordable housing is the buzzword these days, the market would get a further boost if attractive financing options are available,” says Praveen Kutty, executive vice-president and head, retail banking, DCB.

Central Bank of India and Punjab National Bank have waived off processing fee and documentation charges on certain loans. While one would argue that there isn’t much difference between 7.95% and 8% home loans, bankers say that it is basically a psychological pricing to get more borrowers into their fold.

According to bank observers, borrowers prefer low interest bearing home loan accounts of nationalized banks over private banks. “While there has been demand for home loans in the affordable home loan segment (up to Rs 30 lakh), the activity in the upper bracket (loans above Rs 50 lakh) has mostly revolved around restructuring or takeover of such accounts by another bank,” says VS Reddy, managing director, Lakshmi Vilas Bank.

Real estate key for equity markets

Real estate could be the lynchpin for the equity markets and a failure of a large IPO could start a correction in the market.
Mr Deepak Parekh, Chairman-HDFC Bank, said, “If a large real estate IPO fails, it could have a serious repercussion on the market”.
Mr Parekh stated that many of the recent IPOs have been overpriced and the markets are looking expensive.
Further he added, “Companies raising money need to leave money on the table for investors”.
Indian realtors recently made a trend to raise money through IPOs, with at least five major real estate companies like Emaar MGF Land, Lodha Developers, Sahara Prime City, Ambience Ltd and DB Realty are looking to raise over tweleve thousand five hundred crore rupees.

Godrej to develop Vikhroli property

Godrej Industries has entered into an agreement with Godrej & Boyce and Godrej Properties to form a special purpose vehicle for developing its property at Vikhroli, the company said in a communique to the BSE.
Without divulging details on the area to be developed, it said that the board of directors, through a circular resolution on Wednesday approved the proposal.
The Godrej group owns about 5,000 acres in Vikhroli. Though a part of the land has been used for residential and commercial purposes, the group still has huge vacant property left that can be developed before the Urban Land Ceiling Act is repealed.
The binding MoU provides for setting up a suitable SPV to execute joint development of the property as also the commercial terms for such development including the sharing of costs, revenues and profit. The Godrej Industries scrip was up 6% at Rs 201 on Wednesday.