YEIDA Proposes Business Centre Near Jewar Airport

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Jewar-airport

 

Jewar Airport is a planned air terminal to be built in Jewar which is situated in the Gautam Budh Nagar region of Uttar Pradesh. The Yamuna Expressway Industrial Development Authority (YEIDA) will be the enforcing firm on behalf of the Uttar Pradesh State Government.

The Yamuna Expressway Industrial Development Authority (YEIDA) has intended to build up a business hub in Sector 29 in Greater Noida. The centre would disperse over a territory of 500 areas within the reach of forthcoming Jewar Airport and would establish the framework for real estate advancement in the city.

Taking cognition at the real estate deceleration in Greater Noida, the Yamuna Expressway Industrial Development Authority (YEIDA) has suggested a business epicentre in Sector 29 in the city in vicinity to the impending Jewar International Airport. The project would incorporate a lavish handicrafts park and an expo mart alongside with a 200-acre textile hub that would usher the restoration of the sickly piece garment industry. The entire hotspot would have a potential of 300 commercial complexes and is foreseen to attract speculation worth Rs 3,000 crore.

YEIDA has additionally considered a shopping complex for Small and Medium Enterprises (MSMEs). The authority has assigned 300 acres of land division in Sector 29 for the advancement of the retail space that would showcase the products manufactured by the small-scale units. The scheduled conveyance for the project is in 2020, and the authority before long floats the tenders for its improvement.

Furthermore, the authority additionally aims to build up an aptitude advancement center over 2.4 acres of land. The center would offer professional courses to students to attain industrial training and diploma certificates. On the whole, the proposals by the authority would not only hike the new job opportunities but would also enhance the real estate inclination in Noida and Greater Noida markets.

 

Rising Demand Of Sector-121, Noida

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Appeal in the residential region in Noida Sector 121 has altogether developed because of various reasons from approaching affordability, consistent framework and a significant corporate set-up in the neighborhood. Following are the vital factors affecting micro market and its trajectory growth in the popularity chart:
Undeniably, with regards to real estate investment in Delhi NCR region, Noida stands out, as the inappropriate irrelevant framework in Ghaziabad and upsurging costs in Gurgaon have left no other choice before the purchasers. Therefore, in the midst of hood witnessing soaring high housing demand from Sector 41 to 137, Sector 121 stays buyers’ most loved and preferred location because of significant reasons recorded beneath.

Abundant infrastructure amenities
Sector 121 is along the under-developed Faridabad-Noida-Ghaziabad (FNG) Expressway, which once finished would guarantee direct proximity to the operational hubs of the region- Ghaziabad, Gurgaon and Greater Faridabad. In addition, with the Hindon Airport in Ghaziabad getting operational, the micro-market has additionally picked up fame among investors. The proposed Jewar Airport is moreover a key growth driver. The location for the airport is only 11 km from Sector 121. Once the airport becomes functional, the miniatures scale market would be a residential dream home in Noida.
Sector 121 is loaded with numerous other infrastructure amenities additionally. For instance, schools are also located in the nearby neighborhood. Likewise, post office and commercial services alongside few of financial institutions are additionally accessible.

Relevant affordability

In contrast with other metropolitans such as the Mumbai Metropolitan Region (MMR) and Bangalore, the residential costs in Noida are a lot more reasonable. A 1,000 sq ft unit in a reputed venture may cost around Rs 1.5 crore in a city like Navi Mumbai. Therefore, a comparative estimated sized flat in Noida is accessible within Rs 70 lakhs. Noida additionally guarantees numerous other advantages such as distance to the National Capital and better yield on investment. For example, the average capital values in Sector 121 have witnessed over 60 percent growth in the property values in the last five years which is not the case in other major metros as property prices there have either reached saturation or are on the verge.

Delhi NCR Notify New Household Projects

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The realty market of Delhi NCR locale stayed ambiguous owing to different indebtedness procedures against NCR-based manufacturers. Out of 20 new extends added to the market aggregately, Faridabad evolved as the herald pursued by Gurgaon and Greater Noida, as per the study.

 

The extended delay of more than two lakh housing units alongside the plausibility of an approaching slowdown made the risk taking purchasers take a back foot in Delhi NCR during Jul-Sep 2019. The designers concentrated more on upper-mid and premium fragments, significantly in Gurgaon and Noida. This incorporates the nearby market players as well as worldwide brands ready to set up their solid footing in the market. Furthermore, on contrary to the pattern witnessed in earlier years when it was primarily investors who were quick to put resources into premium projects, the lavish section in Delhi is by all accounts totally end-client driven at this point.

 

In the wake of the move in the psyche of optimistic homebuyers alongside the approaching difference among demand and supply of housing units, the authorities thought that it was hard to discard the recently propelled reasonable housing stock. Therefore, with about two lakh unsold housing units in the whole area, Delhi NCR district kept on holding a lot of the absolute unsold inventory accessible over the metro urban communities. Postponed residential ventures, particularly in Noida and Greater Noida, further remained the bone of dispute during the contemplated quarter.

Amrapali, Jaypee And Unitech Purchasers Abandoned From Stress Fund

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NEW DELHI: More than 75,000 homebuyers of Amrapali, Jaypee Infratech and Unitech in the National Capital Region are probably not going to be qualified for support from the Rs. 25,000 crore stress funds because of the different conditions put by the government under the plan, business players and homebuyers said.

“These three players probably won’t be acceptable; however the real estate is past these three. Regardless of whether we reject the activities under these three organizations, two lakh homebuyers will be profited,” said Gaurav Gupta, joint secretary of the NCR part of the Confederation of Real Estate Developers’ Association of India.

While around 35,000 clients of Amrapali plan to file an petition under the steady gaze of the Supreme Court to make them qualified for the financing, as indicated by a couple of them addressed, a few homebuyers at Jaypee and Unitech said they haven’t accepted an approach the subsequent stage. The finance ministry had explained that this fund would not be put resources into ventures which are confronting prosecution in the high courts and the Supreme Court. In the NCR region, houses costing more than Rs. 1.5 crore will likewise not be acceptable. “Our next hearing is on December 2 where we intend to demand the court to either coordinate the government or pass a request enabling our apartments to be eligible for the funding,” stated  Abhishek Kumar, an Amrapali homebuyer.

The SC had de-enlisted Amrapali’s activities. According to the orders of the finance ministry, just those ventures that are enrolled with real estate regulatory administrative would be eligible for the subsidizing.

East and Southern Bangalore to witness high demands

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Interestingly, the biggest coincidence that can be seen in all metro cities is the fact that in all of these, the southern part of the city experience major development and is always considered as the posh regions. The new flats for sale in Bangalore, especially in the south region are most popularly seen in Kanakpura Road. These flats are mostly in demand by the young professionals working here. However, the demand is not so great here when it comes to 3BHK Flats. The basic demand seen for 3BHK Flats in Southern Bangalore is seen in Whitefield and Electronic city. Southern Bangalore was the first part of the city which was established and is thus the most developed and has reached its saturation. The reason people tend to favour this place is the amazing connectivity with the electronic city via NICE Ring road. The infrastructure is well developed and has high growth potential in terms of real estate if you are looking to buy a property in Bangalore. The area has close proximity to office areas and offers and chilled out the environment.

Also, the east of Bangalore also experiences high demands in residential apartments. The areas like Brookefield, CV Raman Nagar, ITPL, KR Puram and Whitefield offers a lot of 2BHK Apartments which are ideal for you and your family’s needs. These flats are mostly preferred by high-end individuals, mostly the people working in the vicinity. Thus, both these areas are ideal for you if you need to settle in Bangalore with a lavish upfront.

Kokapet -Hub for migrant and regional inhabitants.

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Non-branded bungalows are high in offer and need in Kokapet. Currently, the position is managed by local developers who have offered a few projects in previous times and have a reputation of good development. The position has knowledgeable highest possible possible need for bungalows which seems to be at 63 %, almost at par with the offer at 66 %. However, the need for multi-storey flats remained at 18 %.

Kokapet near Gachibowli is increasing as a prospective hub for migrant and local population for purchasing residence. The biggest declare to reputation is its place to the town position in Madhapur and low concepts as in evaluation to Gachibowli.

In Kokapet a 4-BHK residence of 3200 sq ft is available for Rs 1 crore while a 6000 sq ft device is offered at a beginning price of Rs 4 crore. Maximum residence features available here are east-facing with two or three times storey elements. On the other hand, Gachibowli provides greater part of double-storey bungalows in the price bracket of Rs 3 crore to Rs 4 crore, making Kokapet an cost-effective substitute to Gachibowli.

The features in non-branded bungalows are at par with the ones being offered by well-known developers. These bungalows are available in personal team and have functions such as team house, typical gym, intercom service, internet, places, power back-up, rain fall h2o increasing, snorkeling discuss place, vaastu qualified implementing and h2o storage space functions.

Why do people choose bungalows over apartments? Although the residence way of life is on a development of the town, citizens go by the well-known popular sensation of looking for personal houses and bungalows, which offer them an endless, bungalow-like feel. The residence in Gachibowli has obtained its vividness, thus the spill-over need is such as to the need in Kokapet.

Further, Kokapet scores well on features and transportation functions. Although the place is directly connected with the Exterior Group Road and ISB Road, it identifies less obstruction and crowded areas as in evaluation to other places soothing on same improve. The Several Modal Transport System (MMTS) position in Nallagandla will be arriving up in the position. Several well-known educational organizations and educational organizations are in the place which makes it a liveable position. Apart from this, the position also provides extensive inner roads, banking organizations and ATM functions. Thus, if you want to reside in a spectacular residence and cannot manage places like Gachibowli, Kokapet can be a suggested place near your office.

Noida Extension: Best Location for Investment

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Good News for Investors who have invested in Noida Extension in the year 2009-2010 at affordable price of RS 1800 per square feet to RS 2,200 square feet have shown their patience in investing this property. Due to land acquisition issues and other problems, investors have suffered a lot. Now there is an end of all hurdles and problems regarding this property.

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Total 3,000 families have been already shifted and 50,000 families are expected to come in by the end of this year. Location of this property is amazing due to connectivity with NH 24 and Noida. It has been expected that by the end of year 2019 this area will have three lakh apartments.

Amit Modi, director, ABA Corp and vice president, Credai western UP said that “We expect to get the completion certificate within week’s time” Cherry Country by ABA Crop has 1,793 units in the area, of which 1,240 will be delivered for possession next month. He also said that “We will be launching another project called Coco County in August this year. It will have 900 apartments spread over five acres. The location is Sector 10, Greater Noida West, and the price point will be about Rs 3,500 per square feet”.

Manoj Gaur, managing director, Gaursons says “Gaursons has launched 5,000 new apartments in the area. Even in a dull market, 800 units have been booked”.

Another reputed builder is also planning to launch 500 apartments this year. He says “We will have 3BHK and 4BHK units of over 1,600 sq ft. The location is good and is more or less established,”

Real estate experts say that compared to Yamuna Expressway, Noida Extension is a much superior market. The sales are largely end-user driven and it is a great micro market from the livability aspect considering the fact that prices are affordable (upwards of Rs 3,200 per sq ft) compared to sectors 78 or 150 where prices start at Rs 4,500 per sq ft.

Bangalore is costliest Indian city to live in.

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Glitzy tech capital Bangalore just earned a new sobriquet, the costliest Indian city. An analysis of the Reserve Bank of India’s Consumer Price Index (CPI) shows that Bangalore is a couple of notches higher than the all-India cost-of-living average, with financial capital Mumbai just a shade behind.

The CPI is a measure of a standard basket of items, including food, clothing and transport, across cities. In the price race, Delhi is comfortably placed very low in the table, deriving its cushion from the subsidies galore it receives from the Centre. Take, for instance, LPG cylinders, which is a must-have in middle-class families.

According to Bharat Petroleum’s latest figures, Bangalore currently pays Rs 415 for a 14.5-kg refill, Kolkata Rs 405, Mumbai Rs 402 (expected to go up after budget), Delhi Rs 399 and Chennai Rs 393.50. Bangalore’s CPI peaks in the national chart at a whopping 200, followed closely by Mumbai at 199, Kolkata 184 and Delhi a distant 181. The national CPI average is 198.

For homemakers like Koramangala resident Aditi Rao, life in Bangalore is becoming tougher with each passing day. “Frequent hikes in the prices of basic items put our home budget out of sync every month,” said Rao, 34.

Budget analyst Ravi Duggal, who has lived in Mumbai and Delhi, observed that the high cost of living in Bangalore has come about as a result of the IT industry. He said there were different reasons for differential living costs among cities, including the aspiration of people. Talking of India’s two leading cities, he said, “Where education is concerned, for instance, Delhi has more public education facilities than Mumbai.”

What makes Mumbai equally expensive? “There are many factors, the chief being high rentals. Over 40% of the salary of an average Mumbaikar goes into paying rent,” pointed out economist Vibhuti Patel of SNDT University.

Union Budget In Favor Of Real Estate

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Finance Minister, Nirmala Sitharaman publicized the Union Budget 2019-20, the first one post the General Elections 2019. Including all parts, especially the real estate industry, were seeking answers to pro-industry announcements from the Government and more income tax incentives for home buyers. While a portion of the industry expectations have been fulfilled, others still remain deprived.

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1) Concentrate on affordable housing

Advancing with the Government’s push to affordable housing section, the Finance Minister declare a sum of around 1.5 crore rural homes have thus far been developed under the Pradhan Mantri Awas Yojana. Centre additionally proposed to construct 1.95 crore reasonable homes under phase-2 of the flagship scheme between 2019 and 2022. These houses will come well equipped with amenities such as toilets, electricity and gas connection.

On the contrary, Sitharaman proposed that under Pradhan Mantri Awas Yojana – Urban, more than 81 lakh homes have been approved until this point, 26 lakh houses have been developed, and 24 lakh homes have been delivered to the recipients. As many as 47 lakh homes are currently under-construction.

2) Model tenure law to hike rental housing

Regardless of restated pleas by numerous industry stakeholders, the need of planning a Rental Housing Policy has been a long overdue demand . Fortunately, the similar has been described in Union Budget 2019-20 with the Government announcing to finalize a ‘model tenancy law’, which will characterize the connection between the renter and lessor and circulate it to the States. This move will not just give a push to rental housing across the nation but will likewise protect the interest of both tenant and landlord associations.
3) Boosting infrastructure and connectivity

In a gigantic push towards infrastructure and connectivity, the government allotted Rs 100 lakh crore to infrastructure development in the country, more than twice of what it proposed in the Interim Budget 2019. The assets will be utilized to reconstruct the National Highways Programme and upgrade railway infrastructure for better connectivity through numerous schemes such as industrial corridors, Dedicated Freight Corridor (DFC) and UDAN. The choice will unquestionably hike the real estate industry and help in initiating employment opportunities.

Asia To Witness Surge In REITs

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Asian Continent Location Map
The number of Real Estate Investment Trusts (REITs) in Asia is expected to swell over the coming 3 to 4 years according to HSBC because of increasing demand for investments in more risk disinclined properties.

REITs invest in commercial properties mainly and pay rent collected from their properties to shareholders as dividend. This is why some investors see them as safer investments than property stocks.
Another advantage is that they usually offer returns that are higher than yields of government bonds.

The increased activity in the REIT IPO market this year especially in the Asian continent is due to successful listing of Cache Logistics Trust in Singapore. Also Sunway City plans to list its REIT in Malaysia come July.

At the Reuters Global Real Estate and Infrastructure Summit which was held today, Managing Director and Head of Real Estate Advisory for Asia Pacific at HSBC, Mr. Jason Kern had to say,
“I see proliferation of REITs, absolutely. I think we’ll have twice as many REITs in Asia as we do today in the next three or four years.”
He anticipates Singapore to witness most of the activity with more than 20 to be listed there in the coming years from companies all across Asia. It already has more than 20 listed REITs such as Fortune, Saizen from Hong Kong and Ascends from India. Australia and Malaysia are also showing growth patterns.

Kern further added, “What I find in my space is that investors are more risk-averse for sure. They are more defensive. We actually still find very strong demand at the most defensive end of the spectrum, which are the REITS.”

This Trend is only to bring fortune to our Country as well.

Investors Clinic Unveils growth plans, expands operations nationally by setting up offices in Mumbai, Bangalore and Jaipur

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New Delhi, December 21, 2017: Investors Clinic, a Noida-headquartered fastest growing real estate consulting giant, has announced its growth plans to expand business operations nationally by setting up offices in Mumbai, Bangalore and Jaipur. These markets have shown unprecedented real estate growth in past few years creating huge demand for professional real estate services.

 After its successful operations in Delhi-NCR with impressive growth record of 20% annually in last 10 years, Investors Clinic sees surge in demand for its quality real estate consulting offerings in other markets of the country having immense potential for real estate growth from consulting to buying and selling properties both in residential and commercial projects. The company aims to achieve three-fold growth in next 5 years.

 Speaking on this expansion plan, Honey Katiyal, Founder, Investors Clinic said that, “We see a huge opportunity for consulting services in matured markets like Mumbai and Bangalore and growing market like Jaipur. Our vast expertise and experience in real estate consulting for last 10 years have encouraged us to expand our business operations to these markets and win customer trust. Investors Clinic aims at setting operations in at least 10 new markets in next 5 years and is confident of achieving the same, given its consistent year-on-year growth.”

 Investors Clinic has already partnered with leading developers in these three markets, as part of its expansion plan to establish itself as an emerging player and cater to the growing needs of homebuyers and sellers looking at professional real estate guidance and expertise in today’s highly competitive and complex marketplace.

 Investors Clinic has partnered with pioneer builders like Lodha, Rustomjee, DLF, Godrej, Sobha, Tata, Damac and more as part of its pan-India expansion plans in key cities including Mumbai, Bangalore and Jaipur and looking at giving a value for money experience to their customers.

About Investors Clinic: Investor’s Clinic is a real estate consulting company serving all over the globe. Investor’s Clinic, a pioneer amongst professional real estate consulting companies in India, has served premier corporate houses in both domestic and international arena. With more than ten years of collective experience in this industry, their expertise is in providing best in class customer service through world class technology, process and response mechanism

Mumbai’s new schemes of development

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Mumbai being the financial capital of the country, it is known for being the most populous city in the country which of course surpasses the national capital Delhi by approximately four per cent. When it comes to the area, Mumbai stands fourth, which comes after Kolkata, Bengaluru, and Delhi. The capital, however, is three times more than Mumbai when it comes to the geographical size. It is surveyed that the city has a large population of 20,482 people per square kilometer. This is known as the highest among the other cities in India.
It is a known fact that Mumbai is not spread cut-out like Delhi or Bengaluru, and the pressure to provide homes to the families is immense on the capital but it cannot be considered less.
Mumbai, according to the RDDP needs more land to develop Mumbai real estate and purview more development. For this, they have taken up the lands which are yet considered as the no development zones. These lands are the eco-sensitive areas, the water bodies, forest lands and the private lands which totally accounts for approximately 13,000 hectares. Therefore, for the further development these lands will be used, however, the further separated lands, known as the natural areas, will be left untouched. Out of the total lands considered under the NDZ, only 10,000 hectares will be used for further building flats in Mumbai and other residential developments.

The complete separation to use these lands as given by the RDDP, is somewhat like the major part of the 25% of the land will be totally allocated for open spaces, a complete amount of 8% of the land is to be used to make and develop institutional areas, again a big amount of 25% will be used to develop flats which will come under affordable housing and for building educational institutes, three percent of the land will be available to develop medical sectors including hospitals, clinics, and pharmacies. This clearly means only the left amount of 34% of the land can be used for development according to however the owner likes it to be.

However, providing people with affordable houses will be the top priority and a major thrust of RDDP 2034. Each of the residential development projects will have a gross plot area of 4000 square meters and this will be specifically for affordable housing which will be developed by only the municipal corporation.

Affordable Housing, a priority for real estate

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With an aim to achieve housing for all by 2020 and thus planning new flats in Delhi/NCR till 2022, finance minister on January 1 had stated that the affordable housing schemes will be given infrastructural status which will be a great deal for builders like Ashiana, Housing, Puravankara. This move will dip the costs for the builders and developers and attract most and more investors.

It would also mean a great hike in demand for loans which would be a step in the forward direction for housing finance companies like Gruh Finance, as well as Repco Home Finance.

“Infrastructure status to the affordable housing segment especially to Noida real estate will mean lower loan costs for the sector and thus aims at the margin issues that private players in this segment face,” said Nidhi Seksaria, Advisory Partner & Leader – Real Estate, BDO India LLP.

“The combined with interest subventions, this could be a big step in making apartments for sale in Noida more affordable,” he said.

Ashiana Housing was already trading 15 percent higher at Rs 163. On the other hand, Puravankara was up by 3 percent. The housing finance companies, Gruh Finance was already up by 1.4 percent while Repco Home Finance was up nearly 2 percent.
To achieve the targets set by the government in the affordable housing sector, the builder tends to increase their number of apartments with a certain decrease in amenities which consequence into lower costs. The competition has increased in the past quarter and thousand of new flats for sale in Noida are being constructed and ready for you to live in.

Thane’s rental yield increases

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The year bid a positive farewell, Thane, as many infrastructure projects reached to the end point of their construction this quarter. This made the buyers and investors to turn their focus on Thane’s real estate market. When selling transactions slowed down due to demonetization, the rental market took a huge hike. The rental yield of the city rose marginally by almost 0.02%.
Property owners and investors took the bait and earned during this phase. Many reports of flats in Thane taking a huge rental price jump came. Among the various locations of Thane that have shown a high growth in rental yield in the past nine months, Kalwa stood on the top of the list with 13.7 percent growth, Kalwa was then followed by Kolshet Road with 12.6 percent, and then Patlipada with 12.4 percent.
These rises in rental prices indicate that people are ready to spend more for a perfect living; slowly but still increasing the margins. There has been a major rise in the records of State registrations and stamp department in Thane district regarding the registration of leave and license documentations.
According to a survey, the luxury flats on rent in Thane, costing Rs 11, 000 per sq ft and above saw the highest price rise.

RERA to be strongly implemented by Noida Authorities

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Waiting for the most useful act for real estate, The Real Estate Regulatory Act is finally set to be in complete force from May 1 across the whole country. It is being said that when it is about Noida, the authority has planned all the residential plots in Greater Noida and Noida to be uploaded on the website with all kinds of details.

In a meeting with the home buyers of Greater Noida and Noida, it has been noted that they are being blindfolded by the builders and thus need transparency in whatever they invest in. Therefore, the CEO of Noida Authority, Mohan Prasad has now informed all the representatives of NCR Home buyer Association that all the details of each and every project, be it plots in Greater Noida, Flats, Apartments or commercial spaces, the complete details of the project needs to be provided and thus uploaded as per RERA Act.

Rashesh Purohit, the co-founder of NCR Home Buyer Association spoke about the new rule and the detailed specification given to them. He said that Noida Authority will have an actively running site in 30 Days where detailed specifications would be given for the projects which are completed, those which are still ongoing and further updates will be given about the new launches. The specifications will include the number of towers, area of apartments and all other construction details which are needed by the home buyers to make a positive investment.

The homebuyers are said to have presented a memorandum to the Noida Authority clearly stating that they want regular meetings with the Noida’s Real Estate Authority with a representative for themselves. They also demanded source to track a builder’s construction process as well as the progress with all the minute details like fittings, the safety measures to be installed, woodwork, marble fitting and a lot more. They also demanded a separate grievance cell for the home buyers as a part of Noida Authority.

Ban on registering the Unapproved plots in Tamil Nadu

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The banning on the registration of plots which are still unapproved is back in Tamil Nadu with full force. The Madras Court on Friday clearly ordered to restrain all registrations of plots which are still not approved or those who apply for the re-registration with pending layout approvals. The law has been confirmed for the next three weeks and till no further notice comes.
Adding to the ban, the Justice M Sundar and the Chief Justice Indira Banerjee asked for all the details of the applicants of registration with unapproved plots in the violation of the court dated as on September 9, 2016, ban order.
The legal justice has stated that the decision for these issues will be taken after a special sitting which will be organised either on May 4 or on May 5.
The law has turned sour after the case that held on September 9, 2016, when the Chief Justice Kishan Kaul rapidly approved all the registrations of the plots which were still not approved or of those who tried to convert farmlands into housing plots without following the rules and regulations. Also, the bench held responsible all the officials who were personally liable for the violation of rules and regulations.

Why Attapur deserves your Investment

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In the city of Hyderabad, Attapur is now developing as a new suburb which is an ideal location for the residential complexes now. The main reason behind this is the presence of several different colleges which makes it an ideal location for the students to live in. It is also really close to Jawahar Nagar, the educational hub of Hyderabad. Not only the students but the people who work in the IT Hub of Hitec City also prefer this place as it is in close proximity given the excellent transportation and the development of roads. The fact that Attapur provides people with a lot of housing options that too in affordably large sizes, make the residents travel 10km each day to and fro for their work.
Many people say that Attapur is the centre of their work and other public infrastructure needed by them. The location is in close proximity to their offices, their children’s schools, Airport, Koti and Secundrabad. The main purpose of each and every resident is solved because of this and people find no problem in travelling a few kms for every work present in equal distances.
When it comes to water and transport, the PVNR Expressway connected to the outer ring road makes it really easy for the people to commute.

New rules by the PCMC

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As it was planned, the launch of an additional 6,500 tenements for the low-incomecropped-1-pcmc-main-building group under the JNNURM has now been unexpectedly cancelled as stated by the municipal commissioner Dinesh Waghmare.
This has been carried out because of Pimpri-Chinchwad Municipal Corporation(PCMC) which was started under the Pradhan Mantri Awas Yojana (PMAY) the present year.
The beneficiaries who have already applied for the 6,500 tenements can still ask for their benefits given under Pradhan Mantri Awas Yojana as PMAY is a new scheme and if the government approves the proposal.
The PCMC had earlier planned that they would provide 17,920 tenements for those who live in slum regions and for those who fall under low-income wages under the Jawaharlal Nehru National Urban Renewal Mission. These houses were to be made by the government in the regions of Nigdi, Link Road between Pimpri and Chinchwad, Milindnagar, Ajanthanaga, Vetalnagar, Vithalnagar.
The PCMC could only construct 11,420 tenements in 2005 and the rest were supposed to be completed by this year which unfortunately had to face failure because of Non-availability of land and failure to get the positive environment.

Where to invest in Hyderabad?

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Hyderabad is one of those cities which is highly preferred when it comes to investing in residential complexes here. The four most attractive locations which are the most preferred locations falls in the west zone of the city.
First and foremost, Ghachibowli. The location is most preferred given the fact the whole IT Hub is situated in this area. This makes the young population of the city work and live nearby and at really affordable prices starting at Rs 3500- 5,200 per square feet. When it comes to rentals, the property is experiencing a big demand at starting price of Rs 11000-18,000 per month.

The second most preferred location would be Manikonda. There are several reasons people prefer the place. The first key point is the really affordable price which starts at just 2,400 per square feet. Apart from this, the roads connected are really well developed and the public infrastructure which includes shopping malls and other multiplexes are located here.

Thirdly, the area of Chandanagar is well served by markets, educational institutions and hospitals. The locality is however preferred because of the good connectivity and because most of the govt employees live here.
Lastly, the area of Kondapur enters the list because of the most preferred location because of the ideal residential for professionals. The rentals go up high with a range of Rs 11000 and ending at Rs 17000.

Rates to take a step down alongside Noida expressway

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In the NCR region, that is subtly attached to the capital region of India, Delhi there extends two expressways that are built to let the residents enjoy the great community and work from far off places while travelling through these roads. The eastern region has been accurately acquired by the 22km long through Noida and Greater Noida. The other one runs for 18km in the regions of Dwarka.

All these expressways are developed to join the regions of Delhi NCR in a better way providing the areas extending adjacent to them to the real estate developers to create more and more property in Noida and in Dwarka.

These lands were also supposed to be given to the developers who want to build commercial spaces and give away office for rent in Noida, Greater Noida, Dwarka, and Gurugram. This, however, made both the regions a large hub for the working class people who migrated here from all over the country. This gave a major boost to all the realty developers to build more and more residential complexes.

As soon as the areas were changing into residential complexes, the southern areas started to experience water and sewage problems. Developers were unable to provide their residents with the daily needs. However, the eastern region thoroughly enjoyed the regular facilities of water and sewage but could not gather proper funds. These developers tracked the funds from the farmers and this became a major reason to manage all the funds and thus fulfil the increasing demands of people. Also, after the demonetization process, those launched flats which were left in the middle of the construction period were unable to be delivered on the expected date of delivery. One Unitech project called Grande, located in Greater Noida was launched in 2007 and even after 10 years, it could not be completed due to inappropriate funds. Now as the government orders all the realty developers to increase the supply, these well-built flats would be sold at much lesser prices given its history of in accomplishment. These flats are built along with the Yamuna Expressway and were targeted towards those who wanted to have the luxury as they were built across an 18 hole golf course.

Due to these reasons and the post demonetisation effect where people just stopped thinking of following their dreams and the wish to buy a house vanished all of a sudden, lowering the rates seemed to be the only option. These low rates would fill the empty flats and would decrease the number of new flats that were to be constructed to meet the demands after the Union Budget of 2017.

Demands in Bangalore West take a major hike

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The increasing commercial demand in the vicinity of West Bangalore is asking the residential sector to grow and lead the city to a better place.
The Mumbai-Bangalore Industrial Corridor, Greater Peenya Industrial Area, proposed Peripheral Ring Road (PRR) Metro Rail connectivity, Dabaspet Industrial Area, integrated townships along the NICE corridor, all these factors make the west of the city an investment destination. The plots in Bangalore in this region is owned by automotive parts, manufacturing, electrical, electroplating, pharmaceutical, chemical, electronics, building materials, aerospace components, garments, castings, forgings, foundries, and scientific instruments industries.
The whole area is well connected to the plunged road built over Peenya international airport, in the Mysore road. It is also connected to NICE corridor as well as the metro rail network.The well established and renowned market of Yeshwanthpur having a micro market with healthcare, retail and other public infrastructure gives a major push to people to come and live here.
Shrinivas Rao, CEO of APAC, Vestian Global services stated that the major factors that increase the rates of property in Bangalore are the presence of economic complexes and industrial sectors with the perfect physical infrastructure and amazing connectivity with all public convenience nearby. It has been noted that after 2008 this western area of Bangalore was influenced by a major hike in IT and ITeS companies which came and set up their base here. These industrial areas included Kumbalgodu and Bidadi which resulted in their nearby localities like Kengeri to become a popular residential choice for those who are employed in this area or the vicinity. According to reports and databases, Kumbalgodu Industrial Area, Bidadi Industrial Area and Global village IT park, together holds a total number of 80,000 employees. Also, after the rapid metro connectivity in this region, it has become very easy for people to travel and save their working hours. With all these factors in hand, the fact that region is well connected to the NICE Road, Outer Ring Road and Tumkur Road gives the place an additional advantage to grow more property in Bangalore west.
Currently, 79854604-lake_6the development that is being done in this region comprises of apartment projects and plots in Bangalore West. The Kengari residential sectors incorporate a large scale of apartment projects and townships in the mid segment value people. It is thus expected that the annual residential sale growth in this region is 6-8 percent while the rental yeild will be 4 percent.

Pune to set out new rules

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The district consumer court has set out a new rule that an occupancy certificate will be issued by the municipal corporation in favour of an interested flat buyer, which will be sufficient to say that construction activity is successfully completed as per the sanctioned plan.
The court also ruled that a flat resident cannot seek his case to be treated as a “representative complaint” without first complying with the necessary requirements of such a plaint. Section 12 (1) (c) of the Consumer Protection Act needs a complete publication of a notice at the time of filing of the respective complaint about the complaint to be treated as a representative case.
A bench of O G Patil , V P Utpat, and Kshitija Kulkarni on Wednesday rejected the complaint by Kondhwa Khurd resident Anand Ranjalkar, who alleged that the builder of their housing scheme delivered him a 1bhk flat in Pune, which was of lesser area than it was originally agreed for, He also claimed that the builder had failed to secure a completion certificate. He also referred to common reliefs relating to the developer’s “failure” to form a society and execute a proper conveyance programme.
In July 2007, Ranjalkar had openly purchased a property in Pune under ‘Kumar Prithvi’ scheme, developed by Sukumar Township Development Private Limited in Bhavani Peth, Pune for Rs 28.7 lakh. The construction firm, as said and confirmed, delivered property to him on March 3, 2009.
In July 2011, after two years of getting possession, Ranjalkar filed a consumer complaint alleging the super built area of the flat was 39.87 sqft lesser than the area that was committed to him in the agreement. He said that he made the measurements done by an architect.
Lawyer Sunita Kinkar, representing the firm that supplied the possession, argued that Ranjalkar was bound by the agreement, to refer any further dispute to an arbitrator and that he did not comply with the norms for converting his complaint into a representative case for seeking common reliefs.
The bench, therefore, rejected Ranjalkar’s application, filed counter-arguments, for publishing a notice of a representative complaint first and held that the matter will then be treated as an individual complaint. “The complainant, in his individual capacity, cannot seek his justice as regards formation of society and execution of conveyance deed, etc. The after effects of the complainant will remain only as regards shortfall in area and completion certificate,” it held.

A good news for Bangalore real estate

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Stop worrying more about investing in a building or a land or any property in Bangalore specially those which are close to lakebeds.
The properties owned by builders near these lakebeds were told not to construct their builders as the National Green Tribunal, in an passed order on May 2016 clearly increased the buffer zone of the lakebeds from 30 metres to 75 metres and announced that no construction will be done around the 75 metres zone of the lakebeds. However, now the BBMP has given out a sigh of happiness. They have clarified that those projects which recieved their contrsution approval before May 2016 can resume their construction. These will be only applicable to those who got licened before the NGT order arrived.

BBmp recently issued a circular on 30th March 2017 which came out with the green signal for the buiilders. Commissioner N Manjunath Prasad ordered that the NGT directive will be now not be applicable for site and properties which already secured their plan before the Green Court came out with their new orders and restrictions. This implementation sent to all eight zonal heads has brought out a relief to the real estate sector and is expected to grow the market as well with the increased rates in such locations.

Now the builders are excited and are offering new deals in their flats in Bangalore lakebeds. These areas are now more costlier than ever. The serenity of the lakebeds of Bangalore has always been an ideal place for all the segments of the society and is much desired specially by old people who plan on living their old age in a wonderful environment as same.
Not only flats, but some builders are now planning on moving to lake house projects. They are now applying for permissions for their beautiful projects from the NGT and are expecting great revenues for the real estate market.

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Approval of Bangalore properties to go online

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To manage Bangalore’s reputation of the country’s famous IT Hub, the BBMP has come out with a new rule which will be in favor of the technology. To ease the builders who own and want to convert them into a building for residential or office use, the procedure for getting the plan approvals will be done online. This was cut straight to chase the builders won’t have to run to post to seek clarifications. For this work, new executive engineers will be assigned the work of approvals. They will collectively work with zonal town planning officers.
This will be done in lieu of the latest E-Khata system announced in the BBMP budget on Saturday which said to enable the citizens to upload all the required documents and to avail their khatas online itself. Apart from this, the property tax collection which needs to be done will be carried forward by the geographic information system (GIS) in a collection with the Indian Space Research Organisation, according to the chairman of BBMP standing committee, MK Gunashekar (finance and taxation).

A digital survey of the whole Bangalore real estate will be carried out which will include tech parks, malls, and other commercial establishments, as well as the residential market of Bangalore, imageswill be minutely undertaken to ensure accurate evaluation of property tax.

5 reason you should buy a property in Noida

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After the utterly clumsy place of the capital region of India, Delhi and the densely overcrowded place for offices, Gurugram people are quite as well left with a choice of Noida. This is the reason that the residential sector of Noida Real estate is highly increasing since the past two decades. Noida is considered as a cheap and easy city to live in provided its easy connectivity to Delhi, Faridabad, Agra, and Haryana.
Noida has been considered as the most affordable place to live in given the high number of affordable flats here. There are many reasons that add to the fact but if we want to name a few we can easily do so by guiding the basic points.
The first one can be the extremely well maintained and thoughtfully built infrastructure. The infrastructure that has built the city is the basic reason for more and more citizens coming here. The excellent infrastructure makes it capable of being the next best thing in the world. The availability of lands for residential, commercial as well as infrastructural facilities is something that makes it top the list leaving Delhi and Mumbai behind.
Second reason is the reputed faces of developers who are eyeing in this place to make their new launches. Builders like Supertech, Unitech, Ansal, Emaar, MGF and now Godrej has made their new launches in Noida and Greater Noida. These flats suffice all the segments of the society and promise to be affordable with the availability of luxury.
Third and the most important reason that helps people to relax and invest in these lands is new rules against Forgery. New and quick rules have now been applied to the forgery cases of land. Earlier, the land disrupts were handled by the court’s jurisdiction which always tends to stretch such cases to a number of years, but now a sigh of relief has approached when all these cases are being handed over to the stamps jurisdiction.
The fourth best reason would be the easy connectivity of Noida to other regions like Delhi, Ghaziabad, Gurgaon, Agra. The major plus point Noida has is the rapid availability of Metro from Delhi to Noida. Also, the ongoing construction of Metro from Delhi till Greater Noida via Noida will add a golden point to all these and make it more convenient for those who travel till Greater Noida and will also decrease the traffic on roads.
The fifth point is for those who have a property in Noida or are living on rent flats in Noida. The major availability of marketplaces throughout Noida makes it very easy and accessible to live here.