On Tuesday online buildings plans of 2 commercial projects in Jaipur have been approved by Urban Development and Housing ( UDH) .
The proposal has been accepted for Bhiwadi and Udaipur. This was the first time that approval of online was accepted. The online BPAS( Building Plan Approval System), was admitted by the state of government on 6 June.
It is said that the new system of digitization will make the plan less bulky and more clear and will less the corruption.
Rajpal Singh Shekhawat, Minister of UDH said,” It is matter of dignity that in all districts,Rajasthan is the 1st state in India to start the Online Building Plan Approval System. With this fast completion of projects, there will be clearity and clarification in the System.
The seeker can register on the website and acknowledge documents. Only single ID, a personal control panel for getting information and situation of online applications by the applicant. BPAS includes solution to the end for the applicant by process of giving online submission, inspection of site, processing, footprint of building plan approval and settlement of the fee.
Under this project, BPAS has been already implemented throughout the state covering all local bodies & urban development authorities, UITs and RIICO.

According to property consultant Cushman & Wakefield Delhi- NCR has noted increase of 39% in net office space consumption at 2.4 million square feet in the 1st half of this year on the opposite of a some large sized rent out deal.
In January- June of 2015 net renting out of office space stood at 1.7 million square feet.
Cushman & Whitefeild said in its report ” Delhi- NCR observes 2.4 million square feet of net consumption during H1 of 2016, a flow 0f 39% from the comparing period last year.
C & W also added that the rise in the whole activities was because of few big sized deals are occurring in the market.
MD Anshul Jain said ” The development to recorded in the NCR market is the comeback of space in Npoida due to its price profit. Gurgaon witnesses constant consumption levels, this big deal in the Noida can be likely messenger to the next chapter of growth for this region”.
He also added ” Noida has to its profit a booming infrastructure and clashes in comparison with Pune and Hyderabad.
Report said that consumption of office space down to 18% to 14.5 million square feet during first 6 months of 2016 in 8 cities like Delhi- NCR, Mumbai, Kolkata, Ahmedabad, Pune, Chennai, Hyderabad and Bengaluru.
Delhi- NCR observes 45% down to 2.7 million square feet on supply of office space in the month of January – June 2016 from 4.9 million in the year ago.
During the period under overall analysis of 8 cities, supply down 7% to 19.9 million square feet from 21.5 million square feet.

On Tuesday Police said a developer in Delhi was arrested on allegation of making fool 455 investors in the Capital and other places.
Nupur Prasad deputy Commissioner of South Delhi told to Indo- AsianNews Service( IANS) Manoj Bhardwaj who is director of Arun Dev Builders is accused in 9 cases.
The police officer said that Bhardwaj , in 50s was arrested from his home named Raju Park area in South Delhi. Manoj was from 22 years in the business of real estate and make people fool.
The officer said that : He used to hang his company’s board in various cities where he took his eventual clients to cheat them.
He has cheated his customers by showing them so -called projects in Gurgaon, Faridabad and Rewari in HaryanaKotputali and Shahpura in Rajasthan; Pul Pehlad Pur, Ali Gaon and Chhatarpur in Delhi; and Haridwar in Uttarakhand.
Police said that many cases are booked in police stations in Gurgaon, Dharuhera, Faridabad and many place in Nothern India.
Bhardwaj has build ed 35 temples in various places to earn money from offerings of devotees and donations.

CBRE India Pvt Ltd, an established consultant of Property, has disclosed the opening its new office in Kochi.
A release said ” with a devoted office and the exact resources, CBRE is vital positioned to further upgrade its service to client, while supporting the advancement of the real estate sector in the region”. Kochi was announced as the scheme of government’s smart city project, have gained more vital importance and witness large number of growth in the field of real estate sectors and demands for office space, investors , large corporate occupiers, investors and developers increases. It added that CBRE in present manages approx 4 million square feet under Asset Services and more than 8 Million square feet in Project Management in the city.
Another Property consultant JLL( Jones Lang Lasalle) has been in the city from 8 years. CBRE now serves service across 10 locations and presence in 30 cities across the country.
Ram Chandani Managing Director, transaction and advisory services for CBRE said ” In our company we believe in serving the best to our customers. South India’s real estate market mainly Kochi is at the doorstep of development in future. We have a positive presence in Kochi and deal with reputed occupiers and builders. The new office will not only serve services to clients but to provide logical pot of services to our growing customers.

For residential real estate market the first 6 months of the year 2016 have passed very well in 8 most top cities of India like Mumbai, NCR, Chennai, Pune, Hyderabad, Ahmedabad and Bengaluru. Prices remained smooth and sales have increased and unsold index has come down during the last 2 years.
According to the report of Knight Frank India 6.6 lakh residential units freeze unsold, between January and June 2016 which was a drop of 7 percent year on year.
Report says in the month of January – June 2015, 8 cities of India noted 7.10 lakh units unsold. Chennai, Pune, Mumbai and Hyderabad are leading in the devaluation of inventory.
NCR endure worst performing real estate markets of India , as it reports the huge unsold inventory still again, and QTS ( quarter to sell) unsold inventory.
Around 4.5 years NCR noted over 2 lakh units which were unsold. Mumbai droped to 1.70 lakh units from approx last years 1.95 lakh, and 2.5 year taken about to sell. The best performing cities in residential market of India were Pune and Bengaluru with minimum quarter to sell( QTS).
The new residential launches projects touched a 3 year low, as they declined by 9 % year to year to units 1.07 lakh.
This descending trend was led by NCR region, which witness the acute fall of 41% in new launches. Respectively followed by Pune and Chennai at 32% and 36%. Mumbai bounce surprise as the city reportes rise in new launches project by added than 29% year of year.
Sales spread across top 8 cities hike 7% year to year with approx.1.35 lakh units in the starting 6 months to June 2016 getting sold.
Cities like Bengaluru and Mumbai follow this growth which is very positive in sales volume , at 18% year to year and 23% year to year. NCR, Kolkata and Chennai verified a burden still again, as they continue to lurch under pressure in respect of sales volume.

Proposal of hike in 1% stamp duty in Metro Rail Corridor has been cleared by urban development. The corridor is specified as the area lying On both side of Metro track. Now the stamp duty will be 7.5% rather than 6.5%. The registration charge will be remain unchanged. Expect Metro corridor area the stamp duty in the city will be remain same 6.5%.
While the stamp duty has been boost the idea to increase FSI ( Floor to space index) in Metro Corridor is still under discussion. Lots of ideas and suggestions came for the plan but still under process. The government is expecting to increase development charge collected while approving a building in the corridor.
The proposal to hike stamp duty is important for NMRCL( Nagpur Metro Rail Corporation Limited) as it will receive half the credit developed by excise of 1% payment. Left 50% will go to NMC ( Nagpur Municipal Corporation) or NIT ( Nagpur Improvement Trust ) confide in whose land the property lies.
According to Developers, the abstract Floor to space index hike idea wish many innovation. ” The Metro corridor where huge FSI is relevant should be 1 km on both sides of track of Metro. There should be no restriction on boarding house size and boarding house density. Terrace should be let on in negligible space around the buildings and superior for extra Floor to space index should be less than 40% of accessible calculated value.” a developer told to TOI.

To facilitate under construction projects in Noida on committed time, Saha Groupe a realty firm in Noida is raising Rs 160 crore from NBFC( non banking finance company),said by people who have knowledge of deal.
A person said asking his name should not be revealed : over the next few months the company will use little part of the money to launch a new project in Noida.
Kautilya Finance has invested first time in real estate firm. The non banking finance company( NBFC) has basic from US pension plan WSIB( Washington State Investment Board), through Aevitas Property Partners the originator of Kautilya Finance.
In India WSIB had promised to invest $500 million in India’s real estate firm, Mediterranean region and Western Europe through Aevitas property Partners.

In the first half of the year 2016 Pune’s new residential launches diminish by 32% over the parallel period in 2015, said by Knight Frank India real estate brain trust, in analysis period of first half-yearly ‘ India Real Estate’, liberated on Monday. During the last 6 months unsold supply has eased off, reaching a 5 year below at 55,220 units.
In last 6 months growth in price in almost all locations in Pune from last 12 months has been mild and has moderated. In this year due to lack of supply and constant demand for may put pressure on cost in the coming months. Builders have deviated their focus to the budget as its shares a new launches rise from 12 to 27% in the last 2 years. Below Rs 25 lakh the budget segments involve properties with ticket sizes.
Across India, new launches across top eight property markets have declined 9 per cent to the lowest in the last three years as developers became cautious because of the huge unsold inventory that has been piling up since 2013. On the contrary, Mumbai Metropolitan Region has witnessed a 29 per cent on-year rise in number of residential launches during the first half of 2016.
Commercial Sector
Compare to 2.2 million square feet in last year the first half of the year has witness 2 million square feet of space for office delivered. In compared to H1 2015 the absence of new supply led to slow down in transactions of office space by 7% in H1 2016. Hence against a strong underlying demand for office space , the number of deal fell below the earlier year’s level.
The report said the vacancy levels in the 6 top cities slow down lightly from 17% in 1st half of year 2015 to fewer 15 % in the same time period of the year 2016.

The Authority of Noida has disclosed on Friday that the sell off of some commercial plots ranging from 6,046 square meters to 64,500 square meter on a lease of 90 year in different sectors. The auction for these commercial plots for 6,046 square meter will start at Rs 96.13 crore, while one for 64,500 square meter will start at Rs 1,025 crore, On 11 july 2017 this auction will be finalized.
Officials said that these commercial plots will be used for showrooms, shopping malls, hotels, restaurants, retail outlets etc. but will accountable to the master plan of Noida. Bipin Gaur , General Manager , Noida Authority said that the ”Considering that the Noida Authority did not raise the commercial land allotment rates in its last meeting held on June 9, we are cheery about the sale of these plots”. He also said that the real estate firm has been witnessing a recession, we hope to sell the commercial plots this time.”
As per Noida’s buildings and architectural norms the buildings will be constructed. The height of the buildings will also be set accordingly. Location of these plots are in sectors 44,62,63,94,96,121 and 124.
Large plots will be granted a assumed coverage of 40%. A maximum FAR ( Floor Area Ratio) 2 to 4 will be allowed confide in location of the commercial plot. Gaur said ” The fund price in this plots category, will be auctioned by 2 -system of bid, has been fixed at Rs 1.59 lakh per sq meter.

Noida –reputed builder Prateek Group has got an investment of Rs 200 crore by Priamal Fund Management. In Noida sector 107 the ultimate luxurious project Prateek Edifice is in the center of construction.
A person who aware of the transaction said on the condition of namelessness “The partners have entered into a critical relation and plan to broaden it in future.”
This is the 3rd round of fundraising by the developers in the last 7 months.
In December of the year 2015, Prateek Group had raised amount of Rs 100 crore investment firm Xander Group’s NBFC arm Xander Finance for a projects township which is constructing in Ghaziabad. From India Bulls Housing Finance it has raised Rs 135 crore for project in Sec 77 name Prateek Wisteria of Noida.
Piramal Fund Management is becoming India’s major investors of real estate; alone it has book loan and honesty investments Rs 22,000 crore in residential sectors. It has recently invested in Central Mumbai of Rs 425 crore in Lodha Azzuro project, which is being constructed by Lodha Group.
Over the past few years Piramal Fund Management has launched new funds namely Apartment Fund and Mumbai Redevelopment Fund.
According to VCCEdge, between January and March of 2016 about $410 million invested across residential, office and retail projects in comparison to $680 million ago a year.

The bankers invoking the SDR ( Strategic debt restructuring) option against full department of Jaypee Group, its main firm Jaiprakash Associates on Saturday said it has assembled a meeting of board of directors to discuss development progress of other issues and destitution plans on Monday.
Earlier this week the development comes against the downfall in the sale of the group in business cement to Ultratech for Rs 15,000 crore darkness after bankers invoked SDR.
Jaiprakash Associates said in a filing to the Bombay Stock Exchange ” A meeting of the Board of Directors of the company is organised in a very short time period on 4 July 2016, inter alia, to analysis the progress of destitution plans and related issues.”
According to company the Joint bankers Forum meeting held to analyze the progress made so far on the Corrective Action Plan, approved in January 2015 by the bankers has agrees for invocation of SDR taking 28 June 2016 as reference date, subject to approval of bankers.
Jaiprakash Associates incur over Rs 30,000 crore to a corporation of bankers led by ICICI Bank and the sale of cement 21.2 million tonne is very difficult for the promoters to keep continuity in business.
As of March 2016 The Jaypee Group had a consolidated department of Rs 58,250 crore .

The High Court of Karnataka disposed of a Public Interest litigation challenging Bruhat Bengaluru Mahanagar Palike earlier collection of property tax. Chief Justice SK Mukherjee asked the commissioner to acknowledge within 3 month the representation to be filled by a Bengaluru based society, Bharatha Surachana Mandala.

The appellant demanded that property tax depends on the system of the building and its acceptance and any cut because of changes will have to be verified by the ARO of that sub division and then only tax can be collected by Bruhat Bengaluru Mahanagar Palike. Appellant’s points: The process of collecting advance property tax in present is no scientific ….Genuine honest citizens are disturbed because of paying worthless / inappropriate tax.

The appellants claimed that they have to visit BBMP offices so many times and need to go through managerial procedures that can led to corruption for defending refund.

According to draft rules disclose by the government developers have to pay interest of 11.2 % to buyers if there will be delay in key handing process on the commitment time. This step will give relief to buyers.

According to rules of the projects that are not completed or under construction will have to register with the RERA (Real Estate Regulatory Authority) to build up in states/ UTs in the period of 3 months of the rules being announced. Builders have to reveal all correct information related to completion of projects on time, facilities provided, total areas square feet, draft rules, published to follow public comments till 8 July.

The basis, on which registration may be cancel , is like any miscommunication such as delay on time delivery, change in layout or plan, increasing the size of units and building of any additional towers without taking approval of 70% residences. In resemblance situation the high authority can take decision, including involvement of external agency in completion of project with the approval of buyers’ association.

Times of India reported that the draft rules provided a ‘’ compounding’’ fine that builders can pay to escape jail if they break a rule by the authority.  Developers said if the rules were applicable on ongoing construction of projects the sector will be blow badly and there could be more lag. Getamber Anand, President of the Confederation of Real Estate Developers Association of India said that all projects which are unfinished and have to launch before the year 2012, can be call as offender and comes under draft rules, developers will have to return 11% rate of interest to buyers if they demand for money.

As real estate is a subject of state, every state has to make its own rules and regulations approved in the various assemblies. The government of State will have to make their own rules within 6 months of 1 May, when the Act was announced. The rules will come as a great relief to home buyers as this would be a step towards forcing developers to complete projects as soon as possible.

The Haryana government on Monday pronounced on Monday to slit circle rate by 15 % in Gurgaon city to restore the real estate market and carry buyers back into the market. Expert said that with this step government has identified that there is a decline in the real estate market.

Chief business officer Narasimha Jayakumar, 99 acres said, ‘’ the step will help in much improving the whole sentiments. It is expected that prices of both new and resale properties will down, mainly for ready to move in discovery and plots.

With the help of experts, points are here which is going to affect the buyer and builder community.

• As capital tax gains is calculated circle basis rate, this total cost of ownership is likely to down.
• Registration of property which had reduced in Gurgaon is also expected to observe increment, thus bringing in the needed much credit to the state government.
• The down will also help sell the parcels land meant for commercial. In this year month of March , 96 Commercial properties auctioned by Haryana Urban Development Authority, only 10 were sold, due to high circle rates.

• Builders would witness the light of the day with sales number beat.

According to JLL (Jones Lang LaSalle), a real estate consultancy, Kochi will become the most preferred destination of real estate in India. A Shankar, director national and head of operations at JLL India, there are 6 reasons for this happen.

Composition in 20 Smart Cities:

Through a competitive selection process, Ministry of Urban Development, Government of India recognized 20 cities under the Smart City mission.  Kochi ranks fifth, for pan city solutions and area –based development investment expected of Rs 2,076 crore.  Water management and E- Governance are target areas as also part of pan city solutions which will benefit Kochi to improved and well planned infrastructure with satisfied power and water supply, solid waste management and sanitation, public transport and urban mobility, IT connectivity etc.

First Indian Tier-II city to propose Metro:

Connectivity via Metro in Kochi is under construction at various stages and is expected to be ready by 2017. Kochi Metro Rail Corporation has proposed a grand route spanning approx. 25.25 km from Aluva to Pettah in Phase 1.

New international airport terminal:

CIAL (Cochin International Airport Ltd) is creating International Terminal of Rs 1,100 Crore with a space of 15,000,000 square feet. It is designed such that it has occupancy to handle 4,000 passengers per hour and will be started by 2016.  Once started, the new international airport terminal will have a very good and positive economic impact and will boost the real estate market in whole region.

Venue for one of two submarine cables

Landings in India:

Kochi is one of the venues for ‘SEA-ME-WE-3’ (South-East Asia- Middle East- Western Europe 3) and ‘SAFE’ submarine cable landings, and is the 2^nd Indian location along with Mumbai to have two submarine cable landings. This evidence focuses that Kochi is a big destination for IT sectors.

Continued tourism growth:

Kochi is famous for its high culture value, and contributes denoting to Kerala’s tourism industry. It notices an annual tourism inflow that equals about 4 times its population, for foreign tourists 14 percent accounts, and reflects an annual increase of about six per cent.

Pune:  The state Inspector- General of Registration has started the SMS facility of getting updates on property documents has harassed as many as 1,700 queries in past 2 months from citizens.

Citizens have no more to rush towards SRO (sub-registrar’s office) to get the validity of documents; they can now stay updated by just sending a text to the office. The present situation is the details of registered documents after July 2012 is possible through the system.  Plans are hiking to upload related to registered documents between the years 2002-2012 in next 1 month.

According to officials, “Per month 800 messages were received. These were for the documents which were genuine but the system had not accepted the half-filled required details. Plan is to connect with more and more citizens by revealing details of the facility at SRO.  On the website of Inspector General Of Registration a manual has been uploaded to describe people how the SMS system operates. Some sources from real estate industry said that there have been examples of fake registrations.

This text facility will help citizens in finding whether a document has been registered with SRO (Sub- registrar’s office) or not. IGR said that it has facility to scan documents related to registrations and upload them on server, mainly those documents which were registers between the year 1985 and 2001, as they were manually registered.

SDMC (South Delhi Municipal Corporation) has approved 180 buildings plans in last 2 months after process of confirming building plans was digitized and simplified into single window clearance system in April by the civic body.

Source says from departments of buildings that digitizing of buildings is attracting people more to follow the rules.

Shyam Sharma mayor of SDMAC said that in previous the process to approve a single building plan the whole process used to take more time but in previous two years the plans approved by company has grown high.

Officials said that the process of online filling form of building plan has a very simple application form which people needs to fill easily and there is no process of visit office too. “People said that they have to face many ups and down rounds to approve building plan. Residents can easily track the current status of their filled application form. Money will be deposited through online process which reduces corruption. Many procedures have been reduced like only single affidavit is valid rather than multiple numbers. Also, the list of architects and structural engineers is available online which leaves no space for any confusion,” said an official.

FIR against AN Buildwell has been lodged for dishonesty and criminal conspiracy. 15 investors stated that the builder has not completed project on commitment time and paid them the rent as committed. According to investors the company has promised to pay rent if the project was not completed on given time.

The FIR has been booked against builder upon the sanction of economic offence wing. Buyers have approached to Navdeep Singh Virk, police commissioner for further action.

Maninder Singh Advocate of SK Hooda said that the company is coming with more renewal project to end all related issues. He said “We are in a leading stage of discussion to wrap up renewal of the project.”

Riddhi Siddhi group has purchased 69,000 square feet of land in Bopal from Inductotherm India for an amount of Rs 268 crore. According to realty sector source this deal is hefty deal of this year. The plot became vacant after has shifting of manufacturing facility of Inductotherm India to Sanand.

According to the source ‘’ Last week deal has been completed and all formalities like property registration in the name of Riddhi Siddhi Infraspace. Riddhi Siddhi group is of Chowdhary family which has interests in Chemical business and commodity.

This plot is in a prime area which connects SP Ring Road and Ghuma. This land falls on BRTS route. This plot is neighborhood of plot which is vacant and used as vegetable market, surrounded by properties and commercial plots.

Sources said that discussion had been going on for past 6 months, some real estate player denied from the purchase even after signing some paper.  For stamp duty and registration fee Rs 13.13 crore and Rs2.68 crore has been paid in registrar’s office.

Official sources of Inductotherm and Riddhi Siddhi group could not been cached for their comments.

The youngest boss of online retailer Flipkart has purchased house in Bengaluru of Rs 32 Crore, which is approx. 10,000 square feet. This house is in Koramangala which is very much close to Flipkart started before 9 years in one of the most luxurious residential deals in the tech city, People who were known of this matter said.

Koramangala is hub of city’s businessman; mainly its 3^rd block has become the choosy place with a bunch of billionaires purchasing homes there.  The neighbors of Binny Bansal were Infosys co-founders Nandan Nilekani and Kris Gopalakrishnan. Bansal has completed all formalities related to paper work of property.

Coincidentally Sachin Bansal co-founder of Flipkart has also purchased a property in the same neighbourhood, though a smaller one. He acquired this benefit some years ago after converting some shares in Flipkart just as the assessment boom kicked in.

Flipkart had an apex of 15 billion, was recently slow down but still a heavy $10-billion tag.

Bansal gained the new house from the Iqbal family, a very long time resident of this area, and has paid the very highest stamp duty for any other transaction of residential property with the local sub registrar. For Bansal, Jones Lang Lasalle incorporated (JLL) have to manage the property transaction. When contacted, a speaker for Binny Bansal refused to comment. An emailed query to JLL went unanswered.

The Koramangala is an outpost which has a solid connect with a new treasure thrown up by tech businessperson of Bengaluru most of them have a tendency sparking money.

This year, Flipkart restored its top array, making CEO Binny Bansal while Sachin Bansal became chairman executive. Flipkart has heightened $ 3.2 billion from marquee global investors under the leadership of the both Bansals.

Both Binny and Sachin Bansal are the signboard of Indian startup scene, which has develop foreign risk capital set up local businessperson desire.

India’s consumer internet startups, which offer convenience and access in an infrastructure-deficit country, have emerged as powerful engines of economic growth and job creation in Asia’s third largest economy.

Shri Group is raising Rs 80 crore from Edelweiss a trading account through an associate of structured bill and construction finance for its housing project situated in Greater Noida West.

The money will be used for land payments, construction of housing projects in Greater Noida as well as other corporate purposes.

Director of Shri group, Sudeep Agarwal certify the transaction and said the company has taken Rs 40 crore as yet and Rs 20 crore will come soon. He said “We have to take a responsibility on the rest of the money”.

Agarwal said that 1^st phase of Shri Group project name Shri Radha Aqua Gardens will complete soon in Greater Noida West with a part of money and another 2 phases of the project later.

He also said that some projects are ready for possession in Greater Noida West and people have moved in more than expectation.

Agarwal said “Buyers are not less in the real estate market. It is only that people are not able to take buying decision so far.” He also said “The sketch has started to change and that is what gives us strength and confidence to launch next phase of our project.”

A speaker woman of Edelweiss certifies the transaction but refuse to comment more.

On the basis of year over year NCR were up in sales of about 33%, Mumbai rose by12%. Bengaluru witness sales drop by 18%. In Mumbai price remained low while in NCR up t0 3% compared to a year ago.

The government has given its green signal to construction of six lane of Dasna-Merrut connected under Expressway from Delhi-Meerut at a price of Rs 1,658 crore.

The aim of Delhi-Meerut Expressway is to control traffic in Delhi, construction proposes of 4 stretches, including Nizammudin Bridge to border of UP, UP border to Dasna and Dasna to Hapur.

A senior government officer said ‘’ Based on the recommendation of the Expert Appraisal Committee, the Ministry of Environment has given clearance environment to National Highway Authority of India’s proposal to construct Greenfield sequence of Delhi-Meerut Expressway from Dasna –Meerut and the 6 lane connector.

The official said that the planned Dasna-Meerut has been accepted subject to certain conditions.

The NHAI has offered constructing a new alignment including of 1 major bridge and 4 minor ones a 46 km long road.

National Highway Authority of India has offered upgrading and widening of total 19 channels to 4 lanes, with total 626 to be constructed new.

The proposed project, which would involve land acquisition of 479.91 hectares, is estimated to cost Rs 1,658 crore.

NHAI and the Ministry of Transport have been check out the distance between National Highway and urbanization, commercialization or industrialization span to avoid traffic jam.

Tata Housing a real estate firm has sold more than 200 flats for about Rs 300 Crore in its residential projects based in Gurgaon.

Tata Housing the real estate branch of Tata group said, In 10 days 200 units of La Vida on Dwarka Expressway were sold. The initial starting price of these units is Rs 1.08 crore.

Brotin Banerjee MD and CEO of Tata Housing said: “We believe that the amazing response to the project since its launch is a signal of it”.

Total sales value of 200 units would be approx. Rs 300 crore.

The company is launching 600 flat in this project which is the 5^th one in Gurgaon.

Tata Housing was established in 1984 is a close to public limited company and an additional of TATA Sons Ltd. The company has supplement 19 million square feet in the pipeline, 70 million square feet under different stages of planning and beheading.

World Bank report says global effort to decrease the effects of climate change by shorting greenhouse emissions buildings can play a major role.

A recent study united by Vestian with ASSETZ (both real estate) establish Bengaluru’s green building sharing distribution at just 9% as modification of green standards for establishing residential projects here  is still different from something.

Most of the green buildings in Bengaluru are commercial buildings being engaged by multinational organization, corporate renters and Indian Business houses- that follow green spaces to meet their global surroundings policies. The green housing form in the residential area is non-existing.

According to report of United Nation, by 2050 India is calculated to figure out total 300 million urban residences, and Bengaluru is already under the stress of urban housing projects, will get s share of this residential housing.

Vestian study says that the concentration of government management in India is on commercial buildings, because they have large consumption of energy due to central heating, air condition and ventilation systems, and power back up 24 hours. Only 2% of the basic fall in the ultra-luxury and luxury segment in the country and most parts of its city also.

In the Country Green Building Rating System and Indian Green Building System India these two are awarded to eco-friendly buildings. 2-12 % cost of an inventory applies for green-building certification.

Lots of builders prefer for the certification of green buildings.  Due to less knowledge of eco-friendly power among residential and how this regulate costs for long time, many builders avoid for preferring certificate for green buildings as there is extra cost add with it and most buyers or investors are not able to pay this.

The view of CREDAI (Confederation of Real Estate Developer’s Association of India) on this is that most of realty firm players are ready to fit in ecofriendly projects if they are guaranteed of a choice on sale cost for green buildings as extra cost is engage in launching such projects.  However lack of proof for preserving in operational costs in the cut of a basic performance monitoring system post construction for an official assessment of the intended and actual benefits of green-certified buildings, buyers are reluctant and it is a matter of grave concern as increasing urbanization is adding a lot of pressure on precious natural resources going in as building construction material.

Manohar Lal Khattar, former chief minister of Haryana today set down foundation of a 6 lane road project in between Mahaveer Chowk to Dharuhera, and disclosed many schemes combines development of a smart power grid in Gurgaon city.

Mr. Khattar has allotted Rs 36.61 crore for the project, he said ‘’ Badalti Soch, Badalta Gurgaon’’ while attending programme.

He also said that “the road wills benefits and relief to many travelers.”

According to Mr. Khattar “In upcoming 2 years there will be no crisis of electricity in Gurgaon because of smart power grid project, this project will be able to supply 24 hours electricity in the city. The task will be of total 4 phases. The 1^st phase of tender processes has been completed.’’

To improve water supply in Gurgaon Rs 20 crore has sanctioned according to a release of government. Old pipelines will be repaired and new pipelines will be set out.

Mr. Khattar also gives 4 buildings in DLF area to the District Education Department for education institutes and schools.

He said ‘’ Woman university will be soon opened in Gurgaon”.

To decrease traffic lines, Foot Bridge will be constructed at Tau Devi Lal Park.

Rs 2O crore has been allotted for road which will be built at Sector-15.

‘’4 underpasses will also be built at Rajiv Chowk, Iffco Chowk, Signature Tower will decrease traffic problems at Gurgaon Expressway and in service roads’’.