Space @ MindSay

Realty major Parsvnath Developers will invest about Rs 1,500 cr to complete over 30 ongoing real estate projects in the next two and half years. “Out of 193 million sq ft of our real estate land bank, we have put real estate construction of 42 million sq ft, comprising over 30 real estate projects, on fast track. These real estate projects will be delivered in the next 24-30 months,” real estate developers Parsvnath Chairman Pradeep Jain said.

More information of:- http://www.zameen-zaidad.com        and         http://www.propertycafeteria.com

 

 

 

Project Name
Arcadia Homes
Name of Builder Sumel Heights Pvt. Ltd.(SAS Group)
Project Type < href="http://www.zameen-zaidad.com/">Residential Apartment
Price As below
Location Sector 83 & 84, Gurgoan
Agent Shri Aditya Estates
42470622, 9810445860

Payment Plan A-Down Payment(10% discount of B.S.P)

At the time of Booking 10%
Within 60 Days or Allotment 80%
(Whichever is later )
On offer of Possession 10% + IFMS+Stamp Duty & registration Charges+ PLC 5 % (Park Facing, Corner & 24 Metro Road)

Payment Plan B-Construction Linked Payment

At the time of < href="http://www.zameen-zaidad.com/">Flat Booking Rs.1 lakh
Within30 Days of booking 10% (after adjusting Rs.1 lakh)
Within 60 Days of booking or 10%
Allotment (Whichever is later)
Within 60 Days from Allotment 15%
or Commencement of Earth Work
at Site (Whichever is later)
On completion of Foundation 10%
On casting of Ground floor Roof Slab 15%
On completion of super structure 15%
On completion of Brick 10%
work and plaster
On completion of Flooring work 10%
On offer of Possession 5% + IFMS+Stamp Duty & registration Charges+PLC 5%(Park facing , Corner & 24 Metre Road)

 

KLJ Town Planners has performed a ‘bhumi pujan’ for their group housing project – KLJ Heights – in Bahadurgarh. Within the first phase of the group housing project, the company proposes to develop 300 flats each in the two and three bedroom category.

 

KLJ Group was founded by Shri K L Jain long back in 1968. KLJ Group is now the upcoming leader in construction/real estate sector having completed number of projects. The company is striving ahead to give its consumers better commercial and corporate space with world-class standards. They are in the process of developing Integrated Townships/Group Housing projects at Faridabad and Bahadurgarh (Haryana) and IT Park at the most prime location in Gurgaon and Greater Noida.

The vision of KLJ Group is to contribute significantly to building the new India and become most valuable realtor. The company has developed an impeccable goodwill and enjoys leadership in India in real estate sector.

 

Their other upcoming projects of KLJ Group are – La Vista, Sector 77, Faridabad and KLJ NTWork City, Greater Noida

Their completed projects are – KLJ Tower North Delhi, Park Centra Gurgaon, Shop’in Park North Delhi, Centra Square Noida, Shop’in Park CBD (Central Business District) East Delhi.

 

We, Shri Aditya Estate, are one of the leading real estate consultants, established in Delhi and working successfully for more than a decade. We have developed well-embellished websites viz. www.zameen-zaidad.com, www.propertycafeteria.com with a clear concept to showcase all kinds of properties of our patrons for wider publicity of their products for sale/purchase, leasing and renting purposes.

Our website – www.zameen-zaidad.com - is displaying the details of almost all the projects of KLJ Town Planners.

Homes for sale are available in the above-said projects. For best and transparent deals for apartments in various projects of KLJ Town Planners, our experienced marketing executives can  be contacted  at  mob no 91-9650398925, 9810445860, 9911158601, 011-42470622  or email at : info@zameen-zaidad.com.

Our company is on the approved list of leading banks/financial institutions for grant of home loans. We have got an experienced team to process home loan applications. For hassle-free home loans for various projects of KLJ Town Planners our executives can be contacted at mobile no 91-9990217028, 9810445860, 011-47082736 or email at : info@zameen-zaidad.com.

For more info log on to http://www.zameen-zaidad.com/

If you are planning to sell off your house, you will do well to commit every detail of the transaction in the sale deed, says Vivek Shukla
South Delhi-based businessman Kukoo Tiwari has stopped going to areas like New Rajinder Nagar and Patel Nagar as these places evoke childhood memories. He spent some great years in New Rajinder Nagar and also spent his evenings with his school friends in Patel Nagar. New Rajinder Nagar - that was the place where he was born in his ancestral home. It is a different matter that even after selling off his family house and building his own one in Lajpat Nagar, Kukoo visits the old Rajinder Nagar house - in his dreams!
It is no easy matter to sell your own house, and when it is a place with quite a bit of family history and built by your parents or grandparents, it is all the more difficult to dispose it. Sunder Khatri, an eminent lawyer and somebody who deals with property matters, says if we go deep into the matter in the broader perspective of fast changing socio-economic environs, the issue can be very complicated. In the good old days of joint family system, the ancestral house always came to one’s rescue to give shelter - and shelter was that entire people mainly wanted.
The position changed substantially when the younger generations branched out. According to realty experts, there are several factors responsible when a family has no choice but to sell the house. “Increase in cost of plot, leading to securing a handsome price in case of sale of the old house, which can be invested in buying another property in a less costly and less congested locality in the same place or in another town, by using a portion of the sale proceeds, the balance being kept for other exigencies are some of the reasons people sell their homes,” says Sunil Jindal, CEO of SVP group.
Why do people sell their houses? Given the fact that Indians are very attached to their homes emotionally, it is not at all easy to sell the property. Some also says many families sell their homes as they find the possibility of building a multistory apartment/business complex, which fetch them monetary gains.
Khatri cautions that before anyone sells a house, it is important to understand some key points. “You must have full knowledge of the market conditions such as whether the market is generally on an upswing, other deals going on in the area, price at which recent deals have been struck, good and reliable real estate agents in the locality, developers and promoters of good standing and reputation around, regulations governing sale-related matters applicable to the house in question, stamp duty and registration charges, tax implications, etc.”
Another realty expert, and marketing director of realty advisory Century 21 India, Sanjay Singh, says in case the house is a little old, then it is really advisable for the seller to complete some repair work. “You have to finish this job before you spread the word about your intention to sell it. The repair should include essentially the b at h room, closet and kitchen. A touch-up of painted surfaces would go a long way in improving the looks of your house. Moreover, clean the house and open spaces to give a good impression to the prospective buyer.” href=”http://www.zameenzaidad.com/latest_news.aspx/”>Delhibasedincometaxconsultant, Surinder Gambhir, says the sale formalities of a house are many and vary. Some very important legal and taxation issues are documents to be executed and exchanged, absolving the seller from future tax payments, capital gains-related investments and deposits, accounting of full value received, payment of stamp duty and registration charges as per current laws, etc.
“If you are selling your house to a builder for raising apartments, the agreement involving cost of your site, total cost of the project, the number of apartments you will be given, and the cash you will get, need critical study and drafting so that you receive a satisfactory deal and the wording of the agreement protects your interests,” he Gambhir.
Courtesy:- TOI dt:- 12-09-09

Housing sector in India contributed nearly 4.5% to its GDP in 2006-07 and government is now planning to bring in a regulatory mechanism to make the sector more efficient and lend a cutting edge to it, writes Krishna Kumar Mangalam
The central government is working on a model real estate regulation bill to provide guidelines to facilitate growth and promotion of healthy and transparent, efficient and competitive real estate sector in the country, said the housing and urban poverty alleviation minister Kumari Selja. This is a welcome move and will help the sector in becoming efficient and competitive. However, developers feel the government should form a separate regulator on the lines of Securities and Exchange Board of India (SEBI) to regulate the sector.
Addressing a conference on real estate, the minister said Indian real estate market is unorganized and fragmented and that most of property transactions are based on certain perceptions and not necessarily on sound business principles. In this, customer satisfaction is low and the procedure for redressal is long and cumbersome.
This has created problems for both buyers and developers. As end users are not sure of delivery of a house by builders on time, they dont want to risk a purchase by taking a loan from the bank. Particularly, in times of a slowdown when developers are facing a financial crunch, the likelihood of developers not completing projects on time is high. In fact, in the last couple of years, many reputed builders have not been able to deliver their projects on time. Some of the projects, in fact, were delayed by more than two years.
Apart from this, many buyers are not even sure of the specifications, which developers promise while selling them the houses/flats. Worse still, when developers do not deliver on time or stick to the promised specifications while selling, buyers do not know where to for redressal. Going to a court is not only time consuming but also expensive.
This has forced buyers to either defer their purchase or to go for completed projects. But, this apprehension of end users has affected genuine developers as well, which have a plan and required finances to complete a project. However, in the last couple of months, end users have started showing interest in buying new projects. But, they want to buy in the projects of reputed developers alone. This has created problem for the new but good developers.
A senior developer says if the sector is well regulated, the role of brokers and investors can be reduced. In most of the cases, investors, who have better understanding of the sector and who can invest time and money to know about developers, invest at the early stage of implementation of a project and make easy money by selling them to end users at high prices when the project comes to a close. The end users, on the other hand, are comfortable in buying a house when projects are close to completion, hence making the sector over dependent on investors. Consequently, in the last one year of market downturn, the entire real estate sector came to a screeching halt as investors disappeared from the market.
But, had the sector been well regulated, end users would have been bold enough to buy at the early stage of project implementation. This would have helped developers also.
However, another problem in regulating the sector is that it comes under the state subject as well. Thus, a senior official says nothing much can be done unless state governments show interest. Haryana government has already passed an act to regulate the sector. But, the results are not encouraging, thus far. The minister also assured all the stakeholders that the government will accord full cooperation and support to encourage, guide and strengthen the efforts in making affordable housing for all a reality.
She said the housing sector in India holds tremendous potential and has positive impact on the social and economic development of the country. In 2006-07 the sector was about 4.5% of country’s Gross Domestic Product and comprised approximately 7% of the total urban workforce. She said housing is the largest component of the construction sector and central to economic growth and the related multiplier effects on employment, poverty reduction etc. However, provision of affordable housing for all is a complex problem with challenges emerging from many facets of urban sector. The minister said there are many impediments to the growth of affordable housing land and capital being the two key constraints.
To increase the stock for affordable housing the focus has to be on augmenting land supplies. Kumari Selja said the issue is a critical one and requires a number of measures such as alternative methods of land assembly, development and disposal to be pursued, check on prices of urban land, encouraging public-private partnership, promoting intense use of land-higher densities, revision in Floor Area Ratio or Floor Space Index and change of norms to suit local situations, discouraging speculation in land development, and allotment or disposal process to check rising prices of land.
The minister said rental housing is also an important component of affordable housing. Rental housing is a feasible and affordable option not only for the poor but also for newly formed households, young persons and mobile populations. She said, at present rental housing is offered only by the households. Corporate sector do not invest in rental housing. There is a need to encourage investment in rental housing not only for the lower-income groups but also for the middle and higher income groups. Kumari Selja said incentives are required for encouraging lending by financial institutions, HFIs and banks for rental housing. Also, companies and employers must be encouraged to invest in the construction of rental housing for their employees.
Courtesy:- TOI dt:- 12-09-09