Amrapali Dream Valley project’s action against MD

Homebuyers of Amrapali Dream Valley project have written a letter to the Prime Minister’s Office seeking the permission for impounding of the passport of Amrapali MD Anil Sharma.

The buyers are in a fear that Sharma may try to leave the country as the project is far from complete. Amrapali is one of top investors who is in debt of owing huge amount of money to Noida and Greater Noida authorities. Most of its projects are sold but is far from construction.

In a letter of appeal to Prime Minister Narendra Modi submitted on February 22, Dream Valley buyers have requested that impoertant measures should be taken to safeguard the interests of buyers who have deeply invested in Amrapali.

Meanwhile, the Noida homebuyers’ association on Thursday demanded explanation from the Noida Real estate authority on lack of investigation on their part and keeping a check on defaulting builders. They wrote a letter  seeking answers from the GNIDA, Nefowa referred to therecent arrest of Earth Infrastructure owner Avdesh Goel by the Delhi Police in response to complaints by the Economic Offences Wing. Goel was arrested on February 20 on the basis of complaints by investors in Amrapali.

CREDAI NCR ponders over regulating property dealers

To boost the home sales, CREDAI NCR now plans to regulate the property dealers in the region. CREDAI NCR has asked the developers to provide salable and carpet area in the project- brochures.
CREDAI NCR to regulate property dealers in the region.

CREDAI NCR to regulate property dealers in the region.

NEW DELHI: Confederation of Real Estate Developers Association of India, the apex body of real estate developers, has decided to regulate the property dealers in the Delhi-NCR region. For this purpose, CREDAI NCR Chapter has already asked its member developers to include both salable and carpet area in their brochures.

The apex body of developers has been thinking over how to boost the home sales. The body found out that there are many scrupulous property dealers who sell the properties by providing misleading and wrong features.

To control the property dealers, it has asked its members to include both salable and carpet areas.

CREDAI NCR also plans to introduce lock-in-period for resale. It also plans to impose higher transfer charges as well. These measures are expected to impact on the property dealers. Moreover it will boost the sentiments of end users.

Amrapali Group’s CMD Anil Sharma has been elected as its new president of CREDAI NCR. His term is for three years – from 2013 to 2015. Continue reading

NRI Market is less volatile.

For most top property developers in India, the Non-Resident Indian (NRI) is a crucial part of their business.

They know that the NRI will always want a piece of his/her homeland, no matter the price and no matter the time.

Thus, despite the price rise of 43 per cent to as much as 166 per cent in various cities, the NRI cash is still flowing into the Indian property market.

Developers say sales in that segment are not as variable as the domestic Indian market.

Noida-based property developer Amrapali Group’s chairman and managing Anil Kumar Sharma told tabla!

“NRIs wish to have a second home in the country they belong to. Favourable government policies are also a driving force behind the increased interest of NRIs in investing in Indian real estate. NRI investments are the least volatile of all in our industry. They are assured that they are investing in an asset which they can fall back upon.”

Mr Sharma, who is also the vice-president of the Confederation of Real Estate Developers’ Associations of India, added that prices are rising because of the expanding infrastructure, which in the long run will help the buyer and increase the value of the property even further.

He said: “Upcoming projects like the metro, monorail and the international projects in the big cities in India have contributed to the inflated real estate prices in these cities.”

Amrapali claims that almost 35 per cent of its overseas business comes from Singapore.

No wonder it will be participating in Sumansa Exhibitions’ Indian Property Show to be held in Suntec City on April 14 and 15.

Amrapali Group is the Developer of the Year – NCR /Noida

Rajiv Gandhi Realty Excellence Awards 2010 were organized by Pehchan- nurturing the girl child. Pehchan is an NGO working towards the education of girl child since 2002. This award was introduced to honor the construction companies and builders who provide affordable houses to people.

SVP Builder (I) Ltd., a real estate developer in Delhi-NCR secured the position of Best Regional Developer. Sunil Jindal, CEO, SVP Group was handed the award by Mr. Praveen Singh Aron, the Chief Guest of the ceremony. He is an MP from Bareilly and Member, Standing Committee on Urban Development in Parliament.

Delhi Apartments Pvt. Ltd won award for Developer of the year. Supertech India Limited secured the place of Environment Friendly Project of the Year. Jaypee Greens has been awarded the Best Upcoming Integrated Township of the Year. Amrapali Group is the Developer of the Year – NCR /Noida. And finally, Raheja Developers Limited was privileged with the Life Time Achievement Award.

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/

Future Plans of Amrapali Group

Amrapali Group has announced plans to invest Rs.15,000 crore in coming 5 years to develop various projects across the country.
It is also considering coming out with IPO within this financial year if the global market scenario improves.

Amrapali group announced the launch of a 400-unit housing project in Ghaziabad with an investment of Rs.125 crore.
Besides the National Capital Region, the group has presence in 27 cities.