Aravali foothills may be opened to real estate

Despite repeated tragedies that clearly illustrate the hazards of haphazard urban development at the cost of the environment — the Chennai floods being the most recent example — the authorities never seem to learn. The Gurgaon administration has asked the state government to leave the Aravali foothills and grasslands in the district out of the natural conservation zones, drawing a sharp reaction from the forest department and environmentalists who fear irreparable damage to the ecology.

READ ALSO: Aravali pollution: Activists take MCG to green court 

In a letter to the Haryana chief secretary, the administration has said classifying foothills and grasslands as NCZs is like "indulging in ecological intellectual fantasy" that is not in tune with urbanisation. It has also said that including them in the Aravali ecosystem would lead to confusion in the interpretation of NCZs. 

An official said the administration wants to define foothills as an area of 1 km from the base of the hills, though a final decision is likely to be taken at a meeting in Chandigarh on December 17. 

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Real estate — the early bird advantage

When can you make money in real estate? You probably can if you buy really low, strike a bargain and get a great deal, or if you are lucky with an investment you never thought would really show double-digit appreciation (for this, you need to have already made the purchase at a price that seems like a real bargain in retrospect).

Bargain buys

A recent JLL report quotes an official saying that project sales are typically spread out at 18 per cent at the time of launch, 55 per cent during construction and 27 per cent on project completion.

It is usually the 18 per cent who make the real killing. But normally, retail buyers looking for a home to live in find investing in such projects premature, given the long delivery timelines.

Builders usually sell a significant portion of the property to early investors to bring in cash early to fund the project construction. Such sales are often at huge discounts with these investors looking to cash in on a resale usually at the pre-launch stage.

With the current slowdown in the real estate market, the need for cash may prompt a few early bird investors to sell at a slight discount to the prevailing prices, opening the doors for retail buyers to seek bargain buys.

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'360 Realtors' awarded for best real estate consultant of the year

360 Realtors was awarded the 'Best Real Estate Consultant' of the year 2015 by the Indian Realty Awards (IRA). The event is a Make in India Conclave and Glittering Award Ceremony organised by the IRA to recognize the notable projects that have created benchmarks round the year. It is a platform that provides year-round access to the best development projects, industry expert led conferences and engaging, interactive networking events.

This year, IRA has acknowledged the achievements of 360 Realtors.

"We are honoured to receive these prestigious awards from the Indian Realty Awards. They work together throughout the entire year to build quality luxury homes while providing each and every homeowner with our 5-Star customer service," said Ankit Kansal, MD, 360 Realtors.

"Thery also said that it was hard work, and they don't take short cuts. Winning the Best Real Estate Consultant of the year in 2015 reaffirms that they are heading in the right direction and their hard work is not going unnoticed. I couldn't be more proud of them," Kansal added.

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Cleaning up the worst industry for scams and ripoffs - real estate

Back in 2012, Tanya Cheng’s finances weren’t doing great. Despite having the better part of a decade’s experience in investment banking and derivatives, she lost a good deal in the stock market – “I bought all the right things, but didn’t sell when I should,” she says. To recoup her losses, Tanya decided to get into real estate.

What she found was a world of shady deals, ripoffs, scams, and outright lies. Nobody trusted anyone – and for good reason. She visited 12 countries within one year to take a look at properties and became more convinced that the entire international real estate industry was in need of a drastic clean up.

“I was shocked to find out that international realtors would provide misleading info or overcharge expats in Hong Kong, and how Chinese agents do the same to Chinese buyers,” she says. “It’s not just buyers that don’t trust real estate agents: the agents don’t even trust each other.”

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Real estate shares in focus; Sobha up over 5%

Shares of real estate companies are trading higher on the bourses in an otherwise subdued market after Godrej Properties announced that it has received a good response for the Mumbai project.

Sobha, Godrej Properties, Prestige Estates Projects, DB Realty, Housing Development and Infrastructure (HDIL), National Buildings Construction Corporation (NBCC) and Indiabulls Real Estate are up 1-6% on the Bombay Stock Exchange (BSE).

At 12:15 PM, the S&P BSE Realty index was up 0.79% as compared to 0.13% decline in the S&P BSE Sensex.

Godrej Properties has rallied 5% to Rs 352 on the BSE in intra-day trade after the company announced that it has sold 300 apartments within one week at The Trees, its flagship project in Vikhroli, Mumbai.

“This represents more than 80% of the 374 apartments it opened for sale in the first phase of this project. The value of apartments sold is in excess of Rs 700 crore, making this Godrej Properties' most successful ever launch in terms of value of real estate sold. This is also one of the country's most successful recent launches,” Godrej Properties said in a statement.

Sobha, the largest gainer among real estate pack, was up 6% at Rs 319 on back of heavy volumes. A combined 157,359 shares have already changed hands against an average sub 80,000 shares that were traded daily in past two weeks on the BSE and NSE.

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Government to push for passage of GST, real estate bills next week

With repeated disruptions in second week of the winter session putting its legislative agenda on the back burner, the government has proposed heavy business in both Houses of Parliament next week, listing key legislation like GST and Real Estate bills for consideration and passage. 

It plans to pass six bills in the Lok Sabha and seven in the Rajya Sabha next week. Of these, two bills are already listed in the Lower House and three in the Upper House. 

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Should you buy real estate overseas?

The first edition of the International Real Estate Expo (IREX) 2015 is scheduled to be held on 4-6 December in New Delhi. Real estate investment opportunities in India and abroad will be showcased. Earlier this year, the outward remittance limit under the Liberalised Remittance Scheme for Indian individuals was raised from $125,000 to $250,000 by the Reserve Bank of India. This brought more properties abroad within the reach of Indian investors, and many are making the most of this opportunity. Also, with remittance limit applicable individually, buying properties jointly with family member widens the net of options available to Indian investors.

According to various reports, Indians are among the top foreign investors. Dubai Land Department’s statistics show that Indian investors topped among nationalities investing there with 4,089 transactions of a total value of 13 billion dirhams in 2015 (about Rs.23,500 crore at Rs.18.15 to 1 dirham). In October last year, the US National Association of Realtors published a report which stated that buyers from India bought residential properties worth an estimated $5.8 billion during the one-year period ending March 2014. This was about 6% more than in 2013. The report also stated that the average spend was $459,028 (about Rs.2.81 crore then.

Given the poor sales in the sector in India, some affluent investors are looking to diversify their portfolio and get better returns by investing globally. While this may work from investment point of view, one must also consider the tax implication before deciding to invest abroad.

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Weak construction, real estate demand hurt Cera Sanitaryware

Cera Sanitaryware Ltd shares have slipped around 22% since mid-April over concerns of a slowing real estate and housing market. They had, however, touched an all-time high in April on expectations of upbeat revenue growth buoyed by the government’s cleanliness campaign—Swachh Bharat Abhiyan for building toilets.

It is the unorganized companies that have benefited from the programme so far, because of lower costs. “Only when the capacity of unorganized players reaches 100%, the organized players will get the benefit,” said Abneesh Roy, associate director, institutional equities, at Edelweiss Securities Ltd.

A few analysts have scaled down Cera Sanitaryware’s revenue growth forecast. They estimate around 16-17% revenue growth in the second half of FY16 compared with 18-20% guidance given by the management.

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KRISHNA HEIGHTS - 2 BHK, 3BHK, 4BHK FLAT

Modern living requires us to adapt and grow with the expectations of our community. Hence we offer an array of choices to truly engross you in a lifestyle to tranquility and activity. We understand the desireto achieve a healthy and happy standard of living. We provide youwith every opportunity to achieve such harmony.

COLORS HOUSING have Launched our 2nd Phase KRISHA HEIGHTS from 15th JAN 2015. So if you are intrested to Book in KRISHA HEIGHTS then make your mind As Soon As Possible.

Delhi is spread in over 1483 square kilometers and the Urban Delhi is over 702 square kilometers. The remaining land of 780 square kilometers has been unlocked in the Delhi Master Plan 2021(MPD 2021) under Five Zones with names Zone J, K1/K2, L, M, N, & P-II.

Our Project “COLORS HOUSING SOCIETY” is located in L Zone

L ZONE HIGHLIGHTS:

1. South West Delhi
2. High & mid end project likely developments
3. Large green belt on the Delhi-Haryana border might encourage farm house projects
4. Closest to the Airport
5. 100 meter expressways
6. Density Sparse

L Zone: Features

1. The Najafgarh Jheel demarcates Delhi from Gurgaon on this part.
2. The area falling between the four landmarks, namely, the stretch of Jheel on one side, Dwarka on another, NH-10 (Rohtak Highway) on another, and Jhajjar (Haryana) on another.
3. The villages on the periphery of Delhi would be retained as green belts, acting as the lungs of Delhi.
4. The upswing in residential zone land prices in Zone-L are likely to be higher in comparison to other zones

This is on account of Zone-L’s USPs, namely:

1. Proximity to the IGI airport.
2. Close proximity to the forthcoming 186-acre 18-hole golf course.
3. The planned second diplomatic enclave in Dwarka attracting VVIP security and its excellent ambience.
4. The proposed AIIMS II.
5. The forthcoming Kundli-Manesar-Palwal Expressway, among others.
6. The area is also in close proximity to South Delhi.

Project Features:

1. Freehold Property with Registry
2. Fully fitted with high end home appliances.
3. Will be ready to live in with international best features
4. Finish includes POP, paint, flooring, ceiling, lights and fans
5. Reception and waiting lounge in each tower
6. 3 Tier international standard security, CCTV and Video door phones
7. Power back-up
8. Provision for piped gas
9. Rain water harvesting
10. Fire protection systems
11. Passenger and Service elevators provisioned in each tower
12. Well maintained gardens with playgrounds
13. Outdoor amphitheater and games area
14. Club house featuring Party room, Gymnasium, Swimming pool

As a society our objective is to provide quality housing at affordable prices to our members in Delhi. Our aim is to provide a Life Beyond Expectation with all modern amenities like 100% power back-up, designated parking, gymnasium, swimming pool etc to achieve complete convenience living, at a stone’s throw from central Delhi.

2 BHK Apartments in Dwarka, 2 BHK Flats for Sale Dwarka, 3 BHK Apartments in Dwarka, 3 BHK Flats for Sale Dwarka, 4 BHK Apartments in Dwarka, 4 BHK Flats for Sale Dwarka

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