India @ MindSay

Ramnath believes that improvement in profitability will depend on future Real estate projects. “Profitability will improve only after subsequent new Real Estate projects are launched at higher prices as compared to previous projects which we believe is unlikely in the current scenario.
Developers are likely to hold on to current(increased) price levels until demand increases significantly from current lavels.” The worrying factor for realty players continues to be the commercial and retail space, which suffer from oversupply and will take at least another two quarters to recover. In a recent report on the Real Estate sector, a JP Morgan report says that rentals for office space have already corrected by 30-40 per cent from their peak levels on the back of slow demand and leasing activity and vacancy rates remain high at over 10-15 per cent across key Real Estate markets.
The research firm believes that while demand from domestic corporate has started to firm up, IT/ITES demand is likely to remain subdued. We review the operations of the largest Real Estate players by Real Estate market capitalization in the Real Estate sector.

Project Name   The Europa Residency  Name of Builder  ANSAL PROPERTIES &
 INFRASTRUCTURE LTD.  Project Type   Residential Apartment  Price   As Below  Location  Sushant City, Panipat  Agent  Shri Aditya Estates
  42470622, 9810445860

 

NOTE:  Ø Cheque/Draft to be issued in favour of ANSAL PROPERTIES & INFRASTRUCTURE LTD., payable at Panipat only.  Ø Prices are subject to change and the price ruling on the date of booking and acceptance by the company shall be applicable.  Ø In addition to the basic price mentioned above, One Covered Car Parking space @ Rs.60, 000/-less inaugural discount of Rs 10,000/- or Rs.35, 000/- less inaugural discount of Rs 10,000/-for one open car parking is mandatory.  Ø Timely payment of installment is the essence of agreement.  Ø Other terms and conditions of sale would be as per the standard Allotment Letter / Agreement of the company.  Ø E.C.C., F.F.C and all other allied charges if applicable will be extra.  Ø E.D.C& I.D.C @ Rs165/- Psf is extra. Any further revision in EDC or any Govt. charges / levies will be charged extra  Ø The registration charges, miscellaneous charges are in addition to the aforesaid price. (Payable at the time of offer of possession)  Ø Down payment rebate @ 12% shall be applicable on 90% amount payable towards basic Sale Price.  Ø Preferential Location Charges (PLC) will be extra @ 4% of basic sale price applicable on Ground Floor and 2% of basic sale price on First Floor.   

A. Down Payment Plan with 12% Discount 

At the time of Allotment  5%  Within 45 days from the date of Allotment  90 %  Less down payment discount   12%  At the time of offer of possession  5% 

CONSTRUCTION LINKED INTEREST FREE INSTALLMENT PLAN 

At the time of Allotment  5% Within 60 days from the date of Allotment  5% Within 120 days from the date of Allotment 5% Within 180 days from the date of Allotment 5% On Start of Excavation of Tower in which unit is booked 10%  On Start of Ground Floor Roof Slab of Tower in which unit is booked 10%  On Start of Second Floor Roof Slab of Tower in which unit is booked 10%  On Start of Third Floor Roof Slab of Tower in which unit is booked 7.5%  On Start of Top Floor Roof Slab of Tower in which unit is booked 7.5% On completion of Super structure frame work 7.5% On completion of brick work 7.5% On completion of flooring & Tiles 7.5% On completion of Internal Plumbing & Wiring work  7.5% At the time of offer of Possession 5% 

Payment Schedule of F.F.C/E.C.C/E.D.C/I.D.C @165 per SQ FT

Within 1 Month From the date of excavation  12.50% Within 3 Month From the date of excavation 12.50% Within 5 Month From the date of excavation 12.50% Within 7 Month From the date of excavation 12.50% Within 9 Month From the date of excavation 12.50% Within 11Month From the date of excavation 12.50% Within 13 Month From the date of excavation 12.50% Within 15 Month From the date of excavation 12.50%

More Information at:-   http://www.zameen-zaidad.com    http://www.propertycafeteria.com/main.aspx

Customers today want nothing but the best when buying a house. But, the jury is still out on what exactly makes a property click for them
Day: Sunday. Place: Greater Noida Expressway. Time: 2pm. On the way from Delhi to Greater Noida on any Saturday or Sunday, you would
find tents of realtors. Staffers of realty companies sit inside these makeshift tents, and there is a huge a stretch of land behind the tents. Naturally, the staffers of realty firms wait for their prospective customers.
However, what strikes any passerby is that in most such tents, either there is nobody or only a few people enquiring about the details of the projects. Given the fact that realty market is reviving after realtors slashed the cost of flats, floors and plots, the above scene looks a little confusing. The pertinent question that arises is whether customers are avoiding projects where construction work has not started at all. The jury is still out on this issue, but some experts on realty matters admit that unlike in the past the new-age customer is very smart and he/she ensures that their investment does not create headache for him/her later. Hence, they thoroughly check the background of realty firms before taking the final call. They even inspect past projects of builders, whose current projects are of interest to them.
If there is even an iota of truth in the argument that prospective customers prefer to book their house in only ongoing projects, where they can see some flurry of activity, then DLF's Capital Green project in Phase-II is an exception. Booking for the project was commenced on September 22 and on the very first day, over three thousand people made their bookings with earnest money - and for 1250 flats on offer, bookings were three times the figure. This is enough to prove that realty market is improving, even if it is not on fire.
However, Sunil Jindal, CEO of SVP group, has a different take on this matter. "I can tell you from my own experience that more often than not, customers invest in those properties where they find some kind of activity. If they see that work is on, then they invest. I have observed this tendency among customers in our many projects. Let alone the projects of big-time realty firms, selling flat, floor or plot on barren land is not at all an easy task. Selling dream is not possible nowadays as media has exposed the handiwork of a large number of realty firms in cornering huge sums from people after promising the moon," Jindal says. RK Arora, CMD of Supertech Limited, takes a different line and says that it is not right to say customers prefer to book their dream houses only when they see some kind of construction work in progress. "If that is the case then all the realty firms will start their projects and easily sell their products. Fact of the matter is, nobody knows which project can kick up a storm in the market and which one will fall flat."
Meanwhile, Anu Gupta, director of realty advisory Century 21, says it is a huge task to read the mindset of any particular customer. Of course, some prefer to book their houses where construction work is on. That gives them a huge a sense of confidence. However, the image of some realty firms too counts. At the end of the day, one thing is absolutely clear that nobody can say with final authority as to what type of realty project or projects will make a dent in the market.
Courtesy:- ET dt:- 30-10-2009