Friday, April 17, 2015

Find your home in Sector 107 and Sector 168 in Noida by Sunworld

SUNWORLD ARISTA at GH-1C, Sec 168, Noida Expressway is a well-designed residential complex by SUNWORLD Developers Pvt. Ltd.

Built next to some of the renowned IT parks and schools within reach, it links to the Apollo Hospital at a mere distance of 15 minutes.

It comprises of two kind of apartments (3 & 4 BHK and Studio Apartments).While the 3 & 4 BHK Apartments have been categorized into four types (3BHK – 1750, 2100, 4BHK – 2700, 3500 Sq. Ft.) based on the area ,the Studio apartments are fully furnished covering an area of size 615 Sq Ft. and provide much of the basic amenities plus a few luxuries as well.

The architecture is a blend of two eras, the design of the 19th century Britain spiked with the privileges of the 21th century. The place being arranged with the sport lovers in mind also provide a soothing Yoga and Meditation area for the calm and composed.

The Developers provide two kinds of payment plans for the convenience of its customers which include the 60:40 plan and the down payment plan. The prices vary depending on the preferences made such as the choice of the floor and the view.

The builder also offers a wide range of other projects including the Sunworld Vanalika and more.



SUNWORLD VANALIKA, another project by SUNWORLD Developers Pvt. Ltd., located in GH-1B, Sector -107 (opposite Sector-47), Noida is a finely designed residential complex, crafted specially for those who want to stay close to the nature.

The project comprises of 3 &4 BHK Apartments and has been divided into four categories (3BHK - 1405, 1730 & 4BHK - 2650, 3400 SQ FT) based on the area plus the design.

Surrounded by a 20 m long green belt, it provides all the basic facilities like ample parking space, swimming pool, amphitheater, play courts and much more, with the main attraction being the serene landscape that soothes one’s mind and soul.

It further connects all the major necessities involving banks, food courts, hospitals and schools via a 10 or 15 minute route with the major landmark, the ATTA Market located at a distance of 550 m.

It comes with two easy payment plans, one being the 40:60 plan where 60% of the total amount can be paid at the time of possession and the other being the 25:75 subvention payment plan.

The prices vary according to the preference of the location. Some of the towers are even completed and ready for possession.


For Bookings, Click here



Friday, April 10, 2015

Find your home in Sector 78 and Sector 79 in Gurgaon by Raheja Developers

Raheja Ayana Residences

Nothing less than beautiful, serene, and mesmerizing is what describes the Raheja Ayana, latest launch by Raheja Developers.

With its interiors done by La Sarogeeka, India’s only Luxury Interiors MNC, the housing society indubitably typify opulent lifestyle.

Sprawling across 5.16875 acres of land, stationed at Sector 79B, Gurgaon, the housing project connects to the IGI Airport via a 22 km route and NH8 via a 3 Km distance.

With this new invention, the developer plans to pamper its customers with technology driven, ultra-luxurious, smart futuristic homes in the lap of nature. The placid view of Aravallis from the Balcony open wide, feels like residing on the Paradise on Earth.

Presenting the Housing Society with a Bungalow look, the residents are allowed to capture a complete floor of their own flaunting their individuality.

The apartments are available in sizes:-

  • 3 BHK (Sale-able Area)
Plot Size (Sq. Yd.)/
Floor Size (sq. ft.)
T4C
(358.8)
T4D
(338.95)
T5E
(398.9)
T5F
(384.514)
T5
(448.5)
T5D
(497.44)
IR2
(283.10)
IR3
(367.59)
First
4313.54
4164.01
4652.34
4589.74
5183.87
5614.14
3147.40
4344.19
Second
1887.84
1881.82
1900.99
1896.13
2200.06
2352.19
1555.56
1800.28
Third
2473.95
2440.79
2552.02
2525.64
2904.61
3132.58
2021.89
2398.67

  • 4 BHK (Sale-able Area)
Plot Size (Sq. Yd.)/
Floor Size (sq. ft.)
IR1
(539.24)
First
6220.65
Second
2482.86
Third
3320.90


Besides providing the basic amenities like Swimming Pool, Gymnasium and Play Courts, several unconventional features it owns are Parking Space of 2 vehicles with each unit, private Plunge Pool/Jacuzzi in each first floor, and provision of Service Quarter with each unit.

Based on the concept of futuristic homes, the apartments have been designed such that they could be pre-fitted with intelligent systems, so that everything can be controlled with a single touch on the smartphone, be it Curtains, Lightning, Media or Video Door Phones.

The project possesses all the necessary approvals including License, Building Plans, Height Clearance, and Environmental Clearance.




Scattered over an area of 18.72 acres, Revanta, is the brand new addition to the range of luxury residential apartments by Raheja Developers, built by the joint venture company of Raheja Developers and Arabtec Construction LLC.

Positioned at Sector 78, Gurgaon, Revanta with its 180 meters high ‘Surya Tower’, demarcates itself from the others.

22 Km from IGI airport, New Delhi and a 37 km route to the Rashtrapati Bhawan, Revanta connects itself to the city.

With its infinity swimming pool located at floor 46, and restaurant at the highest Sky-bridge of the country, its design and idea sets a class apart.

The project involves two extremely elegant distinctions:

Tapas Townhouses
Available in 3, 4 BHK and Penthouses with attached terraces, they are available in sizes:
  • GF (3532.9 sq. ft.)
  • FF (2372.5 sq. ft.)
  • SF (2073.6 sq. ft.)
  • Lower Penthouse, Upper Penthouse and Mumty Floor (3141.8 sq. ft.)

Surya Tower
Available in options of Studio, 2, 3, 4, 5, 6 BHK & Luxurious Penthouses, the sizes available are:
  • 1 BHK (1197.8 sq. ft.)
  • 2 BHK (1621.3/ 1714.6/ 1854/ 1623.3/1478.8 sq. ft.)
  • 3 BHK (2165.8/ 2304.2/ 2522.8/ 2813.3/ 2457.2 sq. ft.)
  • 4 BHK (3434.3 sq. ft.)
  • 5 BHK (4293.7 sq. ft.)
  • 6 BHK (4961 sq. ft.)


Some of the exclusive amenities it bestows are a dedicated Retail Center, a Laundromat, a Mini Theater, an Automated Car Wash and Valet Parking.

The society has been build based on Earthquake Resistant Framework and provides complete security via the CCTV Surveillance.

The project hosts a Club Facility embracing Swimming Pool, Kids Play Area, Play Courts and Gym plus some Golf Courses located at few miles away.

The project possesses all the necessary approvals including License, Building Plans, Height Clearance, and Environmental Clearance.

For bookings, click here


Tuesday, April 7, 2015

Special offers on group housing projects in Sector 37C in Gurgaon by ILD Developers

ILD Grand Centra

Grand Centra, located at Sector 37 C, Gurgaon is a new residential project in the range of Luxury Apartments by the Ild.

The project will be launched soon.

Situated at a distance few minutes away from the NH8 is one of its advantages plus its easy accessibility to the Dwarka Expressway,the Hero Honda Chowk and a mere 45 minutes route to the IGI Airport are some of the few add-ons that bring it to the spotlight.

The project has been designed considering the eco-friendly techniques i.e. rain water harvesting and follows Energy Saving Practices.

It provides a range of 2 BHK and 3 BHK apartments in sizes 1300 sqft and 1745 sqft respectively, within a gated complex provided with 3 tier advanced security system.

The project provides several amenities, Club Centra being the major one that includes Swimming Pool,Spa,Play Courts, Gymnasium and more, plus the rooms are fully air conditioned making an optimum use of the space, also providing the residents a choice between the garden facing and city skyline overlooking.

ILD Arete

Arete, signifying excellence, at Sector 33, Sohna Gurgaon designed by the WOW Architects, Singapore is the latest launch of ILD in the series of its luxury residential projects.

Located on Gurgaon Sohna Highway, it is a project that provides lavish flats in the city with ultra-modern amenities.

Sprawling across 12 acres at the foothills of Aravallis, this housing project provides 2 sides open, fully air conditioned 2 & 3 BHK Apartments in sizes 1275/1325 sqft. and 1765/1785/1998 sqft. respectively. with the Aravallis and Landscape views.

Its smooth connectivity to NH8 and NH2,KMP Expressway, Delhi-Mumbai Freight Corridor and adjacency to some of the reputed educational institutes like GD Goenka World school, Ryan International school and more increases its grades.

3 acres of central greens provide the basic amenities like Kids Play Area, Swimming Pool, Outdoor Lounge, Gymnasium, and also bestows a Quiet Zone for Senior Citizens.

Available in an easy 35:65 Payment Plan, wherein the customer can pay 35% of the amount in 4 months and the rest of it on possession.


ILD Greens

ILD Greens, another residential project by ILD, at Sector - 37 C, Gurgaon, Haryana, offers world class facilities with a feel of being close to the natural surroundings.

Being in close proximity to the upcoming metro line, schools, colleges, hospitals and malls  plus a 25 min distance from the Delhi International Airport makes it quite a fair choice to consider.

The Project offers 2-4 bedroom apartments and penthouses.

Large Balconies, permeable facades, the wide frontage and the scientifically designed light passages add a little more to the already captivating look.

It further provides a range of basic amenities like Club House, Play Courts, Swimming Pool, Jogging Track, play area within the building plus a few distinctive ones being the Penthouses with exclusive terrace.

The Project is available with two kinds of Payment Plans, Linked Plan and Down Payment Plan.

ILD Grand

ILD Grand stationed at Sector 37 C, Gurgaon presents a modern integrated complex in the heart of the city.

The main attraction of the project is its 3 side open apartments that allow one to breathe freely.

Proximity to the commercial hubs, highways and metro stations is an added advantage.

Amenities it provides are Sky Terrace specially designed for parties play area for kids, Parking Area, Complex of Shops with interconnecting walkways that provides a feel of an indoor version of traditional marketplace.

The Apartments are available in two sizes i.e. Skylark with an area of 1820/1790 sqft. and Proxima with 1310/1280 sqft.

The Projects can be availed through two kinds of payment plans, the first being Construction linked payment plan wherein the customers can pay on completion of various stages of the project and the second one being the Down Payment Plan wherein ILD offers a discount of 10% on the BSP.


For Bookings, click here


Saturday, April 4, 2015

6 reasons why underwriting is bad for real estate sector in India

Author: Sachin Gupta | Find me on Twitter

What is underwriting in real estate and why do real estate developers go for it?

Sumit was looking to purchase a property in Noida and he missed out on the opportunity to book a flat with reputed developer last time because within 2 days of the launch, the project was sold out. He had made up his mind not to miss such opportunities next time. However, even after keeping an eye on new project launches, he missed out again and now the only option left was to book the apartment with channel partners, underwriters, or brokers.

Why does this happen? He questioned…and even wondered…”I read an article last time, and it said…real estate demand is dropping”. How come, these new projects are sold out within a day or two of their launch??

The reason behind the selling of these new real estate projects in a day or two is not the actual demand but artificial demand. Real estate developers use the services of their nexus of brokers and financiers who underwrite these projects.

Real Estate project underwriting in its broader term means sharing the risk of the developer. Brokers or financing houses underwrite the real estate project, which means they have taken on the risk of distributing/selling the project. Should they not be able to find enough investors or customers, they will have to hold some stock themselves. Underwriters make their income from the price difference between the price they pay to the real estate developer and what they collect from investors or from broker-dealers who buy portions of the offering.

With the help of this nexus, developers start making claims that their projects are sold out. With underwriting, developers are able to create a situation wherein they let prospective buyer believe that there is demand for the project and that they should buy the property now or else the prices will go up shortly. And this normally creates a herd mentality among end-users and they have no other option but to buy the property.


Why underwriting is not good for real estate sector in India
  • Artificial demand
The demand thus created by the nexus of builders and underwriters clearly sends the signals to the market that “All is well” with realty sector and demand is robust. However, for a given city the actual demand supply equilibrium can be understood by studying and analyzing the capital value appreciation and rental yields. If demand is robust, it should reflect in the rental yields as well. However, what we see in most Indian cities is the fact that rentals have not kept pace with the capital value appreciation. The artificial demand created by the builder-underwriter nexus keeps the capital value of housing stock unjustifiably high.
  • Prices keep on moving up despite the sluggish market economy and demand
We keep reading from various leading research agencies about the amount of unsold stock lying with the developers and how it has increased over the last quarter or year. There is hope that prices might come down to reasonable level. And all of us sit on the fence hoping that prices are going to come down, but what happens is actually opposite. Prices are always going up. Demand or no demand, prices in real estate sector in India move only in one direction and that is up. There is never a correction. Why? Well, coupled with the limited launch of new supply, holding up of existing inventory keep the prices firm. Finally, the buyer gives in and the cycle continues as usual.
  • Seller’s market
Housing is a basic need where one dreams of having a house with certain features and specifications. In reality, buyers are forced to buy whatever is available at prevailing market prices. There seems to be no choice whatsoever for buyer to buy a piece of land and construct his own property due to high prices.
  • Non preferential allotment
There might be people who might have contacted the developer early and would have thought of booking an apartment at their desired floor with best available view. However, this wishful thought may not come true due to underwriting of the project as it may be blocked by underwriters in bulk bookings.
  • Housing is treated as an investment class rather than a basic need
People or businesses with deep pocket and unaccounted income invest in some of these projects to park their money. There are instances when one individual or business house owns multiple residential properties. Whereas the land allotted by civic authority to builders should have served the purpose of creating housing supply for the needy at justifiable price, what we see is the mad rush by people to own multiple properties. And this builder-underwriter nexus serves this well by allowing cash component in property dealings.
  • Black money
A builder offloads its stock to underwriters and then an underwriter sells the stock to end-users or investors. Based on the artificial demand created, builder keeps on increasing the prices periodically (monthly or quarterly). The underwriter then sells the property at lower value than the current builder price. The premium charged by the underwriter is usually paid in cash by the investors. And this leads to a circle wherein an investor with unaccounted income invests in property and the cash amount received by the underwriter is again pushed back into buying of another housing stock.


Are there any solutions to this builder-underwriter problem?

Yes, there is a solution. Whenever a real estate developer sells, it should be made mandatory by law that the buyer information will be made public. By having the buyer information, not only will this lead to actual demand but may also put a curb on entering of black money into real estate sector. But, will the authorities pay any attention to this? We don’t know and this is where the Real estate regulatory bill has also failed. Read more on real estate regulatory bill in the next column.

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Friday, April 3, 2015

Special offers on group housing projects in Sector 109 in Gurgaon by Raheja Developers

Raheja Shilas, Sector 109 Dwarka Expressway Gurgaon


Raheja Developers, through Shilas, a modern housing society, in Sector 109, Gurgaon, have tried to craft life into the apartments d way a sculptor crafts life into a stone by giving it a form.

Being connected to Northern Periphery road, proximity to Palam Vihar, Dwarka, proposed new Diplomatic Enclave and Metro Line plus the short distance route to the proposed extension of the Delhi Airport makes it closely linked to the city.

The Project structure is Earthquake Resistant and offers various facilities like Swimming Pool, Gym, Spa, Shopping Complex, and Business Center via the Club House owned by the company itself.

All modern amenities such as Power Backup, CCTV Surveillance, controlled access to the gate, have been made available.

The apartments are available in sizes (Sale-able Area):-

Tower Typical

  • Typical 3 BHK (1302 sqft.)


Tower Penthouse

  • Lower Penthouse (2700 sqft.)
  • Upper Penthouse
  • Terrace Plan


The Project possesses all the necessary approvals, comes with an easy Payment Plan and offers home loan @4.99 % for the first five years for its customers.

* Inventories In Resale also available for this Project.
*Customers are entitled for an exciting Mega Discount Scheme who opt to stay out of the loan facility.


Raheja Atharva, Sector 109 Dwarka Expressway Gurgaon


Built next to the Delhi-Gurgaon Border, Atharva, an eco-friendly range of apartments, located in sector 109, Gurgaon  is the latest launch of the Raheja Developers.

Being closely connected to the IGI Airport, Ring road of Gurgaon, and proposed metro corridor with a 5 to 7 minutes’ drive are some of its advantages.

The Apartments are available in sizes:-
3 BHK (Saleable Area)

  • Tower A (2251 sqft.)
  • Tower B (1755 sqft.)
  • Tower C (1640 sqft.)

4 BHK

  • (2990 sqft.)

Penthouse

  • Type A (Saleable Area 4370 sqft., Terrace Area 940 sqft.)
  • Type B (Saleable Area 3655 sqft., Terrace Area 325 sqft.)

It owns a Club Facility which provides facilities like Swimming Pool, Kids Splash Pool, Multipurpose Gym, Kids Play Area and various outdoor sports facilities.

The Project has all the necessary approvals from the concerned departments i.e. license, environment and height clearance etc.

The Project possesses all the necessary approvals, comes with an easy Payment Plan and offers home loan @4.99 % for the first five years for its customers.

* Inventories In Resale also available for this Project.
*Customers are entitled for an exciting Mega Discount Scheme who opt to stay out of the loan facility.

For Bookings, click here


Thursday, April 2, 2015

Tips To Rent Apartments In Mumbai

Several expats are planning to come to Indian cities for making the most of the new opportunities that are coming up here. A lot of them are coming back to start up their own firm in their home towns or cities. If you are one of them and want to come to Mumbai then there are several important aspects to bear in mind when going for apartment hunting. Getting rental accommodation should be your first step irrespective of whether you will be here for a couple of years only or want to settle down.

Finding the right flats for rent in Mumbai in the preferred neighborhood and locality and for the optimum price is quite a daunting task for expats in Mumbai to say the least.

Combating problems

Mumbai may look great in photos, but expats receive a shock when they get stuck in the slow mo traffic and slums. Despite being a part of the city, the long absence from it often makes expats perceive their home town in a different way.  Apart from the way the city looks, expats often have to battle problems of amenities-versus-rental equation. Real estate in Mumbai is quite expensive- the rental values that were there a couple of years ago have changed now. It becomes difficult to explain to them that the value per square foot has increased which is why rental rates have gone up. Also, the lifestyle that they enjoy in these apartments cannot be compared with that of developed countries. You can look at rental flats in plush housing communities which have swimming pools and gymnasium but the amenities would still be unparalleled to the ones available abroad.

Some of the factors that you should keep in mind while renting an apartment

  1. Travelling time to work and your children’s school.
  2. Availability of social amenities such as super markets, shopping malls, grocery shops and medical facilities. Most neighborhoods in Mumbai are self-sufficient in this respect hence travel time becomes more of a priority. At least one of the spouses will have to settle for a longer drive to and from work. 
  3. One should visit during day time for checking the flaws in the house. You should also go to the apartment you are considering to rent at night as it will give you a good idea about the lighting facilities available after dark. 
  4. Normally rental properties in Mumbai receive plenty of water. However, there could be a couple of restrictions in water supply, depending on the society you stay at. Therefore, you should talk to a couple of tenants or residents of the community to find out more about them prior to signing rental agreements. 
  5. All repairs of the apartment must be done prior to the payment of advance. Also, if something has not been fixed then it would be best to put it in the agreement when drawing it up. 
  6. Advance deposits against property for rent in Mumbai is a must. The amount is returned by the owner once the rental period is over and you are moving elsewhere. This is a standard clause in rental agreements.

This is a guest post by Poonam Mishra

Wednesday, April 1, 2015

Special offers on group housing projects in Sector 92 in Gurgaon by Raheja Developers

Raheja Sampada, Sector 92, Gurgaon

With Sampada, in Sector 92, Gurgaon, Raheja Developers again have come along with an addition to their already existing series of luxury Residential Apartments.

Stationed at an approx. 30 minutes distance from the Delhi International Airport and following a 10-15 minute route to the Dwarka Expressway, KMP and NH8, the project connects itself to the city.

The Housing Complex further offers a Club House, owned by the Company itself that plays host to a lot of facilities like Swimming Pool, Gym, Spa, Shopping Stores and Business Center.

100% Power Backup, following Eco friendly techniques like Water Recycling and Water Harvesting, providing security via CCTV Surveillance and controlled access to the Complex are some of the appealing amenities it provide.

The Complex proffers apartments in sizes:-

3 BHK
  • Type A (1370 sqft.)
  • Type B (1572 sqft.)
4 BHK
  • 1850 sqft.
Penthouse
  • Type A (Sale-able Area 1485 sqft. and Terrace Area 689 sqft.)
  • Type B (Sale-able Area 1755 sqft. and Terrace Area 814 sqft.)
Presidential
  • Type A (Sale-able Area 1370 sqft. and Landscape Area 1000 sqft.)
  • Type B (Sale-able Area 1572 sqft. and Landscape Area 1000 sqft.)

The Project possesses all the necessary approvals, comes with an easy Payment Plan and offers home loan @4.99 % for the first five years for its customers.

* Inventories In Resale also available for this Project.
*Customers are entitled for an exciting Mega Discount Scheme who opts to stay out of the loan facility.


Raheja Navodaya, Sector 92, Gurgaon

Sprawling across 17 acres of land, Navodaya, by the Raheja Developers, in Sector 92, Gurgaon, is a housing Project based on the concept of high Quality Urban Living.

Proximity to Dwarka Expressway, KMP and NH8, are some of its key strokes.

Amenities it provides are Departmental Store, Club House with Gymnasium, Swimming Pool, Tennis and Badminton Courts.

24 hours Power Backup, High tech Security System, Primary Schools, Food Courts and Commercial Center are some of the exclusive facilities that set it apart.

The Apartments are available in sizes:-

BR (Sale-able Area)
  • 1 BR (1100 sqft.)
  • 2 BR (1498 sqft.)
  • 3 BR (1990 sqft.)
  • 3 BR + Servant (2350 sqft.)
  • 4 BR + Servant (3100 sqft.)
Penthouse
  • Type A (LWR LVL 4300 sqft. , UPR LVL 892 sqft.)
  • Type B (LWR LVL 3215 sqft. , UPR LVL 785 sqft.)

The Project possesses all the necessary approvals, comes with an easy Payment Plan and offers home loan @4.99 % for the first five years for its customers.

* Inventories In Resale also available for this Project.
*Customers are entitled for an exciting Mega Discount Scheme who opt to stay out of the loan facility.

For Bookings, click here