Some time last month, Kamal Taneja, one of the youngest promoters of Taneja Developers & Infrastructure (TDI), launched his dream project Kingsbury luxury condominiums in Kundli, Sonepat. Today, or so he says, over 50 per cent of the township has already been booked.
A luxury apartment complex in a place like Kundli outside west Delhi selling like hot cakes? Realtors don’t think Taneja is overstating figures to boost his bookings. On the contrary, Sonepat, just beyond the western border of the capital, is on its way to fast track development in terms of real estate.
“Sonepat is the emerging Gurgaon of the west,” goes the refrain among realtors. As city limits are extending beyond west Delhi colonies like Pitampura, Rohini and Shalimar Bagh, to name some, there’s a growing demand for housing solutions among the middle classes in that area.
And with real estate prices touching the roof at Rs 10,000 per sq ft within the city, Sonepat, which falls on one of the busiest national highways just 2.5 km from Delhi, is certainly the best option.
Sunday, March 2, 2008
Sonpat Take Under Area
Monday, February 25, 2008
Parshvnath comming Plain
Puravankara Projects gained 1.51% to Rs 329.95 at 10:22 IST on BSE, on reporting 152.4% surge in net profit to Rs 56.50 crore in Q3 December 2007 over Q3 December 2006. The results were announced after trading hours on
Tuesday, February 19, 2008
Apartment In Ner-The National Capital Region
1.Commonwealth games has become the current reason for much awaited dream of delhites to come true. All major real estate developers based in nothern India, like DLF, Parsvnath, Ansals, TDI and Vatika are lining up serviced apartment projects in the national capital region (NCR).
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2.According to sources in the Delhi Development Authority (DDA), expressions of interests (EoIs) for developing over 25 serviced apartment projects in various parts of the capital have already been received. An official in the Noida Authority says close to 40 projects have already been cleared in Noida and Greater Noida.
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3.Similarly, in Haryana, HSIIDC estimates about 50 such projects in Gurgaon, Manesar and Sonepat. In fact, the corporation is even playing a pro-active role to incentivise developments of serviced apartments, and had recently announced sale of plots in Sonepat for building serviced apartments. “Existing as well as the under construction hotels will not be able to cater to the tourist rush that the Commonwealth games will generate.
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4.This will emerge as a great business opportunity for developers of such projects, not only in Delhi but also in the neighbouring states. Moreover, in case of Haryana, the presence of so many multi-national companies will be an added demand driver,” an HSIIDC official said.
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5.With so much of business and long tourism activities going on in India, there is sustainable long-term demand for good service apartments- says Parsvnath Developers (PDL) chairman Pradeep Jain. At present, the company develops serviced apartments as part of its hospitality business, but is now planning exclusive serviced apartment projects in major cities and townships. “We are already in a process of executing our first Serviced Apartment complex in Bhiwadi,” said Mr Jain.
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6.According to TDI managing director Kamal Taneja, in the next 2-3 years, serviced apartments will emerge as a potential alternative to even high end hotels. “It’s a global phenomenon. Travellers accross the world, whether for business or pleasure, have started preferring serviced apartments over hotels.
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7.A serviced apartment offers the characteristics and feel of a home while providing recreational facilities that exist in hotels,” he said. The company plans to develop serviced apartment projects mainly in tier II and III cities in Haryana.
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8.Worldwide, the concept of serviced apartments was introduced in 1950s in the United States, with the extended-stay hotels for long staying travellers. Till now, in India, most serviced apartment projects have been undertaken by major hospitality chains.
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9.Taj hotels has serviced apartments in Mumbai and plans to expand it to other metropolitan cities. Similarly, Oakwood is developing properties in Pune, Bangalore, Mumbai and Chennai. Starwood Hotels and Resorts has signed up with Gurgaon-based real estate company Vatika Group for building serviced apartments in and around Gurgaon.
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10.Now, with more and more real estate developers joining the bandwagon, the sector is likely to witness major action.
Aman Dhall & Ishani Duttagupta, October 7, 2007
The Economic Times
1.Wondering what to do this weekend? Why not take a drive down Mehrauli-Gurgaon Road. It’s not just Mall Country
that beckons you on that stretch of Gurgaon — it’s the perfect blend of shopping, entertainment and clubbing. The DLF City Centre, of course, is the trend-setting mall that came up in what can easily be dubbed as India’s buzziest retail shopping district.
2.Sprawled over 2.5 lakh square feet, even after four years DLF City Centre has not really lost any of its first mover advantage. “Our catchment area still goes well beyond just Gurgaon and we have a lot of loyal visitors from South Delhi, specially on weekends.
3.While the figures may go down after more malls come up in Delhi, we plan to develop Gurgaon as a destination mall district that will match up to global standards. In fact, we want to create a Vegas Strip or a Mall Mile right here in the NCR region,” says Ajay Khanna, managing director, retail of DLF.
4.Designed by well-known architect Hafeez Contractor, City Centre offers the right mix of shopping and entertainment to draw consumers with diverse needs. The two anchors —Lifestyle and DT Cinemas — are at the two ends of the holistic experience of entertainment and shopping.
5.And even though the mall doesn’t have a typical food-court — foodies too can have their fill at the host of eateries, which include Moti Mahal, Pizza Hut, Ruby Tuesday, Coco Palms, and Barista which is located at the atrium. “Restaurants such as Kwality Express cater to the food court customers and we don’t think we are losing out on that segment either,” says Khanna. The mall also has a big section for loyal party animals, who frequent the two discotheques - Mojo and Buzz.
Thursday, February 14, 2008
Invests:PBEL Rs 500 cr across 3 cities in India
Invests:PBEL Rs 500 cr across 3 cities in India
In The Hyderabad newest entity to enter the booming real estate business in India, PBEL, a joint venture of Israeli giants Property and Building Corporation (PBC), Electra Real Estate (ERE) and an Indian developer INCOR Infrastructure, today announced that the company has invested in property, worth Rs 500 crore, across three cities in India.With the investment the company acquired 58 acres land in Hyderabad and 42 acres in Chennai for a mixed township project and a 10 acre residential neighbourhood in Mysore, PBC Chairman's Executive Assistant Alex Meinster, PBC international operations VP Ehud Elizur and ERE business development VP Shai Weinberg jointly announced this,PBEL Director and Founder Meir Boukris said the company had planned to build one crore square footage of world quality space in these cities over the next 12 months. Weinberg said the JV which had so far invested $120 million would be looking at all options to.
Tuesday, February 12, 2008
Property in Delhi
Prime real estate in Central and South West Delhi has witnessed steady purchasing activity.
This may be attributed to the fact that the availability is limited in South & Central Delhi.
Many investors, High Net worth Individuals HNI as well as NRIs are focused there.
Most of the sales have been in the small developments on old plotted areas where developers are building single floors.
There is hardly anything available for the middle and the lower middle classes.
There is nothing in studio apartment or the 2 bedroom category.
The actual buyer is definitely there but is waiting for values to stabilize or interest rates to dip.
Property in Noida
There had been a decline in plot capital values in the last 6 months by 20-40 per cent across most sectors in Noida such as Sector 11, 12, 19, 20, 22.
Capital values all across are stabilizing to an average of 10-15 per cent with the fluctuations in share market the properties are going steady.
The loan conditions are tough so the properties are not much appreciating; they are stable but not increasing much, from the past 4-5 months.
The dip was maximum in sectors-19, 20, 22 in December to almost 25-40 per cent. The values however revived in last 3 months by approx 12-15 per cent.
However prime sectors such as Sector 14A, 15A etc continue to command high plot values at Rs 74,000-1,60,000 per sq yard for the month of February.
Thursday, February 7, 2008
J&K, Jan 18: Ansal Buildwell Ltd, the real estate developers, today announced Rs 150 crore investment in Jammu and Kashmir, with its Rs 30 crore residential project - Florence apartments -- in the city of temples. The real estate player, in a joint venture with a local Sansar Group of companies, has taken up Rs 30 crore residential project near Jammu Tawi railway station as its first step to advance in J&K. ''This 72-apartment luxurious and integrated housing project of Ansal (Buildwell) will be completed in 23 months time,'' company's DGM (Marketing) Rajeev Kalia said at a press conference. The project consisting of two towers of five floors each with 24 two-bedroom and 48 three-bedroom appartments will be completed in 1.4 acre land. As the Ansal Group, being an outsider, cannot acquire property under the special status in J&K state, it has come up with an association with Sansar Group which, owns land within the Jammu Municipal Limits at Trikuta nagar. ''All the formalities for florence apartment have been completed and its foundation stone will be laid tomorrow,'' Mr Kalia announced. The Delhi-based real estate company plans Rs 150 crore investmentfor taking up integrated townships and commercial projects in the state. On Kashmir, Mr Kalia said, ''yes, we would like to work in the valley, but someone (locals) have to come forward there also.'' Ansal buildwell is also negotiating on some more projects in the state. ''yes they are in the pipe-line, but not freezed yet.
DDA Mumbai Plain
2.DLF and Indiabulls had formed a JV firm, Kenneth Builders and Developers, in 2006 to develop a high-end housing projects in South Delhi. Both companies have equal stake in the project.
3.The acquisition was made through Indiabulls Infrastructure Ltd (IIL), a subsidiary of Indiabulls Real Estate, the company informed the Bombay Stock Exchange.
4.With this acquisition IIL now owns 100 per cent stake in Kenneth Builders & Developers, which had earlier won the auction by Delhi Development Authority (DDA) to develop a residential project at Tehkhand in South Delhi.
5.The wholly-owned subsidiaries of Indiabulls and DLF, owned 50 per cent stake each in the Kenneth builders. 6.The JV had bought 35.8 acres of land at Okhla for Rs 450 crore from Delhi Development Authority.
7.Indiabulls Real Estate bought out DLF Home Developers shareholding in Catherine Builders and Developers, which owns 50 per cent stake in Kenneth Builders. The remaining 50 per cent shareholding of Kenneth is owned by Bridget Builders, a wholly-owned.
Non-doms grab will drive talent from City:
Tuesday, January 22, 2008
Welcome To Parshvnath
Parsvnath Developers Limited are leading in real estate developer in India has a PAN - India presence and an experience of more than 17 years in state of the art construction in 48 cities and 17 states with across key verticals of real estate industry.
Project Name: Parshvnath City
Project Name: Parsvnath Green ville Gurgaon Project Description-Villas
Current Rate-Contact For Price
Area & Rate-1 bedroom 7416 Sq.ft,2 bedroom 7416 sq.ft
Project Status-Under Construction
Expected Possission-2009
Project Name:Parshvnath King City
Project Location-Agra
Project Description-Apartments
Current Rate-Contact For Current Rate
Area & Rate-2 bedroom 837 Sq.ft,3 bedrooms 1136 sq.ft
Project Status-Under Construction
Expected Possission-2009
Monday, January 14, 2008
Sunday, January 13, 2008
Investment In Real EatateReal Estate in India
1..Some Few year there is some kind of development taking place in India whether that development is in science and technology, economic growth and even in real estate. There is a certain boom in Indian real estate market and this is the reason why many people are going for real estate investment property in India.
2.. market experts, Indian real estate market has got a lot of potential and in few years it will be riding high. That’s why anyone who looks for safe investment simply selects real estate investment property in India.
3..A main reason for going real estate investment property in India is that it hosts the transparent legal and accounting system which ensures that you are investing your money in the right direction and also in the lucrative option. To attract more and more investors especially NRI investors’ government has also liberalized the foreign direct policy. By this more and more investors are coming and investing their money into real est
ate investment property in India.
4.. At recent survey it was revealed that, India stands on the fourth position among the top four Asian destinations for foreign direct investment. Seeing this current fad you can say that India is going in a right direction and soon more and more people will be coming forward to go for real estate investment property in India.
5..India is one such country that provides the perfect environment offering maximum benefits to theNRI investors. People are more attracted towards India for the real estate investment is only due to the fact that India is the largest democracy with excellent democratic governance equally supported by strong and transparent legal and accounting system. Furthermore, it also has legal protection for intellectual property rights. This means going for real estate investment property in India is the wisest step.
6.. Apart from real estate investment property in India no other business is lucrative and revenue generating. And investing in commercial land,agricultural land, land for schools, hospitals or resorts, land for houses and shopping malls is the wisest choice. This current boom in real estate investment property in India is equally teamed with the development taking place in various Indian cities such as hyderabad,Pune, Indore, Jaipur, Ahmedabad and Coimbatore. Thus, you can say that investing money will safeguard your future. For more information on real estate investment property India, property investments India, Indian real estate sites and India property sale.
7..So stay tuned, and be prepared to learn something about real estate in Hyderabad India.
http://www.maaproperties.com
Ishaan strikes Rs 1,082-crore deal with K Raheja
Deal In Rs 1,082-crore with K Raheja
Rakesh Real Estate, the first India-focused real estate fund listed in the Alternative Investment Market (AIM) in London, has acquired 40% stake each in eight real estate projects promoted by K Raheja Corp, for Rs 1,082 crore (£133 million). The properties in which the fund has invested include three IT parks, two Inorbit shopping malls and one hotel property. The Ishaan-K Raheja Corp’s deal could be the first investment by an AIM-listed property fund in the Indian realty space.
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Last November, Ishaan had raised about £180 million in its first phase from the AIM market of London Stock Exchange. The entire fund was to be invested in K Raheja’s property in india. It may look at raising further funds from AIM market , and may look at investing other properties in India, said sources.
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Ishaan picked up equity in K Raheja Corp’s Inorbit shopping mall in Hyderabad, Inorbit shopping mall and IT park in Pune, Mindspace IT park in Hyderabad, Mindspace IT park in Navi Mumbai, two Mindspace IT parks in Hyderabad, Commerzone IT park, hotel and retail development in Bangalore, and Viverea residential development at former Hindustan Spinning & Weaving Mills site in Mahalaxmi at Mumbai.
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Confirming the development, Ishaan Real Estate chairman Ian Hendersen said: “Investment in the initial portfolio of assets is being completed largely according to a plan and the increased net asset value reflects the strong demand for our properties and the enormous potential of the Indian property market.”
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Sources said Ishaan’s current portfolio in India covers a total of 15.4 million sq ft. Ishaan has also secured leasing agreements for over one million sq ft. Currently, in the AIM market , Ishaan shares are trading at around £104.
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From the beginning, Ishaan Real Estate works in partnership with K Raheja Corp entities in the western and southern markets. It has also secured leasing agreements with two leading multinational companies for 7,66,000 sq ft of the projects in the initial portfolio.
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Property Valuation
Prakash Dhawan. A cynic is one who knows price of everything, but value of none!!!
This age old adage fits perfectly with the contemporary real estate valuation system in our country. Property valuation has been a matter of ambiguity and intricacies so far in India.
In India, the role of valuer is not linked in property deals involving small scale transactions. Whenever we purchase a property; say for commercial or residential purpose, we don’t even consider valuation as a procedural step in the transaction. They buyers don’t know if the price they are paying for the land is worth it. The buyers always will tend to think that the seller is overestimating the land value and the deal would be a loss. The seller on the other hand will think if he is getting the correct value for the land. He has this asset and whether he is underestimating the price and quoting non-profitable rate. This makes the seller overestimate the price and offer the property at much higher rates than it actually is.
In the current scenario both the buyer and the seller are certain that they are being taken advantage of, no matter what the conclusion of a deal -- the asking price of a property is rarely a straight forward reflection of comparable values. While comparables may be a starting point, the price at which a seller offers a property is often also based on wishful thinking, propaganda and ploy. To de-magnitude this, the buyer will fragment the quoted rates and tries to score over the seller’s vulnerabilities. The comparison of quoted rates with similar property, the seller’s authorative pose and the fluctuations as the bargain takes over will be the bottom line for the transaction.
The vital point here is that there is no government regulated or any autonomous authority governing the norms and parameters for property valuation. The property valuers are independent of any codes and ethics and function without any predefined set of parameters. This has been the prime factor for the biased valuation and overestimation or underestimation of property value; based on the partial inputs from the buyers or sellers.
The Royal Institute of Chartered Surveyors (RICS) is one of the most respected and high profile global ‘standards and membership’ organizations for professionals involved in land, property, construction and environmental issues. As a part of delegation committee, RICS wants to impart and instill its standards and practices in Indian market as well.
1.Today the good folks at Wall Street Journal Private Properties column and are reporting that hair challenged house hopping actor Cage has done sold his Newport Beach house for a whopping $35,000,000. Yes puppies, this is the very same house where Mister Cage recently awoke in the middle of the night to find a trying on his leather jacket.
2.Property records show that Mister Cage, who owns ten or more properties around the world, purchased the Newport Beach house in July of 2005. Records to not indicate a purchase price however it's rumored and reported that the real estate obsessed actor paid somewhere between $22-25,000,000 for the waterfront property.
3.Located on Drive in a private community overlooking Newport Harbor, property records indicate the house measures 4,404 square feet with 4 bedrooms and 4 bathrooms, which sounds a mite small to Your Mama when you look at the photo above. Out back there is a large dock where Mister Cage parks his pretty boat named Weston, after his teenage son.
4.The new owner of Cage's crib is reported to be a stunningly rich Vegas man who made his fortune from low brow casinos, slot machines, and gas stations that feature fast food outlets. Not very but seriously lucrative.
5.Mister Big Time mentioned in his discussion that Mister Cage and family have decamped back to their monstrous house on Road in Bel Air that they recently removed from the market where it was priced at a shiver inducing $35,000,000. But that's not what we hear from our always reliable informant Lucy who tells us that the Cage clan is actually holed up in a Santa Monica rental on Palisades Beach Road. Why Cage would rent a house on the beach when he owns so many? Well children, Your Mama has said it a thousand time before...who are we to sort out the strange real estate shenanigans of the rich and famous?
Saturday, January 12, 2008
Your Final Destination In Jaipur
Secure Your investment
1. Finence avilabel
2. Airport Near About 15 min
3. 7 Star Hotel
4. 24 Houre Secrutiy
5.Fast Registered
Plot Size:-139,200,266,Sq.yard
Greens
L u x u r i o u s L i v i n g
A World Class Township
Located At Main Tonk/Kota Road Nh-12
Dream World Infrastructure Ltd.(DWIL)
(an Iso 9001 :2000 certfied company)
A-1 Indira Place,Near Gaurav Tower,Malviya Nager,Jaipur(india)
90 JDA Approved Plots Rs2900/-Per sq yard
Tuesday, January 8, 2008
Information About Kundli {Delhi NCR}
Invest Your Money In Kundli And Take Life Time income
deepak dhawan,40 a -year-old pediatrician, already owns a two-bedroom house in mall rode, one of south Delhi’s upmarket colonies. Nonetheless, Kumar recently booked an apartment in TDI’s integrated township in Kundli. Says deepak: “I have two teenaged sons. Once they are married, the two-bedroom apartment will not suffice. Besides, after my retirement, I would like to live away from Delhi’s noise, traffic and congestion.”
While deepak dream of living in idyllic surroundings post-retirement led him to Kundli, Dilip Khurana’s motives were more prosaic. In April 2005, this Rohini-based businessman invested in a builder’s pre-launch offer at Rs 1,000 per sq ft. Between April 2005 and January 2006, the price of Khurana’s apartment appreciated by almost 50 per cent. June and July 2006 were anxious months for Khurana with the secondary market witnessing a 10-15 per cent price correction. Since then, prices have remained stable. Anticipating very little gain in the near future, Khurana, the quintessential short-term investor, sold his apartment in August to a Rohini-based government employee and exited with a 40 per cent gain.
