Showing posts with label Indian Real Estate. Show all posts
Showing posts with label Indian Real Estate. Show all posts

Wednesday, 26 December 2018

Nisarg Vatika - Buy Nearing Possession 2 & 3 BHK Apartments at Vadgaon Maval, Near Talegaon, Pune by Shubh Ganesh Properties

Nisarg Vatika - Buy Nearing Possession 2 & 3 BHK Apartments at Vadgaon Maval, Near Talegaon, Pune by Shubh Ganesh Properties

Site Address

247/B, Old Pune - Mumbai Highway, Opposite Mahadaji Shinde Garden, Vadgaon Maval, Tal. Maval, Pune - 412106

Configurations

- 2 BHK
- 3 BHK

Location

Vadgaon Maval, Near Talegaon, Pune

Configurations

- 2 BHK - 712 sq.ft, 733.56 sq.ft, 747.66 sqft

From Rs 32 lacs onwards

- 3 BHK - 976.60 sq.ft, 1014.60 sq.ft, 1012.45 sq.ft

From Rs 44.30 lacs onwards 

Amenities

- Multi-Purpose Hall
- Clubhouse
- Rain Water Harvesting
- Indoor Games
- Vaastu Compliant
- Party Lawn

Location Advantages

Podar Jumbo
Sevadham Hospital 
Vadgaon Maval Court
Vadgaon Railway Station
Maval Hospital 
Matoshri Hospital
Vadgaon Police Station 
Empros International School

More on

Indian Real Estate News and Updates

Pune Real Estate News and Updates

Vrindavan Wardha Road, Nagpur With Ready Amenities Starting from Rs. 12.51 Lakh Onwards by Radha Madhav Developers

Vrindavan Wardha Road, Nagpur With Ready Amenities Starting from Rs. 12.51 Lakh Onwards by Radha Madhav Developers

Ready to Move 111 Acre Township with All Live Amenities

Residential Apartments, Row House & Bungalow at Wardha Road, Nagpur

Area Range: 431 - 3242 Sq. Ft.

Get Rs. 100/- per Sq. Ft. OFF

Limited Period Offer - Gymnasium + Swimming Pool free access for 1 Year

Project Highlights

- Radha Krishna Temple, 
- Hospital,
- CBSE School/College, 
- Community Hall
- Multiplex inside the township

Location Advantages

• Jamtha International Cricket Stadium - 5 min
• International and Domestic Airport - 10 min
• Mihan - 1.7 km
• Butibori Industrial Area - 12 km

Amenities

- Clubhouse
- Kid's Play Area
- 24 Hours Water Supply
- ATM
- Cafeteria
- Shopping Complex

More on

Indian Real Estate News and Updates

Nagpur Real Estate News and Updates

Thursday, 25 August 2016

J P Park - 2-4 BHK apartments at Hingna Road, Nagpur

J P Park - 2-4 BHK apartments at Hingna Road, Nagpur

J P Park Hingna Road, Nagpur

- 2-4 BHK apartments

Area range:

860 sq.ft to 1800 sq.ft

From 25.80 lacs* 

Ready to move


Amenities:

- Landscape Garden Party Lawn
- 150% area for car parking
- Attractive entrance gate with 24x7 security

Nagpur specialities:

- Living standards
- Land costs
- Future plans being slated by major blue chip giants
- Business Diversifications
- Investments by all major MNC's 
- Interest of Governments and Administrative bodies


More on Indian Real Estate News & Updates

Gurumurthy Jyoti - 2 & 3 BHK apartments in Laxminagar, Nagpur

Gurumurthy Jyoti - 2 & 3 BHK apartments in Laxminagar, Nagpur

Gurumurthy Jyoti Laxminagar, Nagpur

- 2 & 3 BHK apartments

- Rs 90 lacs *

- Possession: Dec 2016 *

Area range:

1176 sq.ft - 1577 sq.ft


- Earthquake resistant RCC structure
- Air-conditioned multipurpose society hall
- Detailed Planning

 
Nagpur specialities:

- Living standards
- Land costs
- Future plans being slated by major blue chip giants
- Business Diversifications
- Investments by all major MNC's
- Interest of Governments and Administrative bodies

More on Indian Real Estate News & Updates

Sunday, 27 April 2014

Ashiana Housing plans to expand its retirement housing segment

Ashiana Housing plans to expand its retirement housing segment

The New Delhi-based firm Ashiana Housing which already has three senior citizen living projects in its portfolio in three cities including Jaipur, Bhiwadi (Delhi NCR) and Lavasa in Pune, under the brand Ashiana Utsav, now plans to set up one more in Bhiwadi and one each in Kolkata and Chennai

The concept of retirement homes is evolving in India, but not at a similar pace as it is in other countries.


Company will be launching the Chennai and Kolkata projects next year and later in Bhiwadi.

More on Indian Real Estate News & Updates

Friday, 13 December 2013

CREDAI Conclave 2013 at JW Marriott, Aerocity, New Delhi at JW Marriott, Aerocity, New Delhi

CREDAI Conclave 2013 at JW Marriott, Aerocity, New Delhi at JW Marriott, Aerocity, New Delhi


CREDAI Conclave Agenda

The Conclave intends to deliberate and provoke thoughts and ideas on the theme “Housing – The Game Changer”

The broad Agenda shall cover the following:

  •     Inaugural Session -Address by dignitaries from Govt. of India and CREDAI National
  •     Key Note Address – “Unshackling Growth” – Address by eminent corporate personalities and senior policy makers
  •     Building the blocks – The impact of real estate sector in Indian economy
  •     Vision and values of progressive India – Policy reforms and governance
  •     Marketing India to global investors – Perspectives by international investors, developers and thought leaders
  •     Case study on impact of real estate on GDP of a major emerging market economy
  •     Young India’s vision for an urbanized India.
  •     Bridging the great urbanization divide – Concerns of tier II and tier III Indian cities.
Speakers include Chetan Bhagat, Montek Singh Ahluwalia.

More details on CREDAI Conclave

More on Indian Real Estate News & Updates

Monday, 23 September 2013

Canara Bank launches two new housing loan schemes for NRIs, HNIs

Canara Bank launches two new housing loan schemes for NRIs, HNIs

Canara Bank launched two new housing schemes for Non-Resident Indians (NRIs) and High Networth Individuals (HNIs), in a bid to cash in on the festive fervour.

The demand from NRIs for houses has increased considerably and enquiries with regard to housing loans from NRIs with builders have grown by 20 per cent at present.

Home loan of up to Rs 30 lakh would be available to an NRI at the base rate of 9.95 per cent, while loans in the bracket of Rs 30-75 lakh will be available at a rate of 10 per cent. Loans of above Rs 75 lakh would attract Rs 10.20 per cent.

Further, the demand from HNIs for housing loans of above Rs 1 crore has also increased. The premium housing loan scheme is exclusively for HNIs having gross annual income of Rs 25 lakh and above.

The minimum loan amount under the scheme is Rs 1 crore and the rate of interest charged would be 10.05 per cent.


Processing charges for both the schemes have been waived till October 31. More details here.

Wednesday, 4 September 2013

Reserve Bank of India debars banks from giving upfront 80:20 loans for under-construction projects

Reserve Bank of India debars banks from giving upfront 80:20 loans for under-construction projects


The RBI has barred banks from giving upfront loans for under-construction projects through schemes like 80:20. Providing such loans help a bank as they are classified as mortgage and not construction finance which is considered a risky business by the RBI and requires higher provisioning. The builder too gains as home loans are far cheaper than construction loans.

Nearly 25% of loan disbursements for new flats in Mumbai are under such schemes. While builders said the RBI's move would hit economic growth, construction finance entails higher risks and, therefore, such risks have to be built into the pricing. Construction finance should not, through any innovative structuring, be available to developers at the rate of interest being offered on individual home loans. Further, to pay upfront construction finance to developers even before the ground is broken is dangerous.


Some feel the RBI's decision will bring down prices. It is a good decision as the government has sought to warn buyers who are tempted by the attractive 80:20 scheme, thinking they are getting a good discount. In reality, this scheme is quite complicated and does not clarify how much discount the developer is giving the buyer. The RBI's decision will force developers and banks to be more transparent in explaining the benefits of the scheme to buyers. It will force developers to give a prospective buyer a discount upfront instead of spreading it across 2 to 3 years as in the 80:20 scheme. But builders are greatly upset by the move. More details here.

What are the norms regarding the 20: 80 scheme?

The 20-80 scheme means that the buyer of the flat has to pay 20% of the price of the flat upfront and the remaining 80% on possession. This could work in two different ways.

1. The buyer takes a loan for 80% of the price of the flat. The terms of the loan are such that he pays nothing till possession, and the installments start once he gets the possession.

2. The payment terms between the buyer and seller are structured in a way that remaining 80% of the price of that flat are paid on possession. There is no loan involved in the transaction.

How does loan under 20: 80 scheme differ from a normal home loan? 


For a normal home loan, the borrower needs to pay a monthly installment, which could be only the interest in the loan availed (pre-EMI), or an interest with some principal repayment (EMI). In a 20:80 scheme there is no installment payable.

Thursday, 15 August 2013

World Bank to give India $100 mn loan for housing project to help low-income families secure housing loans

World Bank to give India $100 mn loan for housing project to help low-income families secure housing loans

The World Bank has signed an agreement with the Indian government to provide a $ 100 million loan to help low-income families secure housing loans.

The Loan and Project Agreements for World Bank (IDA) assistance of $ 100 million for low-income housing finance project were signed between Government of India/National Housing Bank (NHB) and the World Bank.

The agreement was signed by Department of Economic Affairs Joint Secretary Nilaya Mitash, NHB Chairman and Managing Director RV Verma and World Bank (India) Operations Advisor Michael Haney.

The objective of the project is to provide access to sustainable housing finance for low-income households to purchase, build or upgrade their dwellings.

Financing under the project aims to create incentives for lenders to focus on lower-income households through a net all-in reduction of the lenders' cost of funds of about 200-300 basis points.


It is a financial intermediary loan for an implementation period of five years. NHB is the implementing agency. More details here.

Thursday, 20 June 2013

Thursday, 13 June 2013

Major highlights of Real Estate Regulation Bill - Will it bring down property prices?

Major highlights of Real Estate Regulation Bill - Will it bring down property prices?

It has been 5 yrs when the first draft of Real Estate Regulatory Bill came and then there were many amendments in it over the years. However on 4th June 2013, it was passed by cabinet and now the next step is to table it in parliament this monsoon season and if our country people are really lucky, it may finally become an ACT of law.

Some major highlights of the Real Estate Regulation Bill

1. Mandatory to acquire all clearances before the launch
2. Use of Photograph of actual site for advertisements
3. Sale of property as per prices linked with Carpet Area
4. State Level Regulators and central appellate tribunal to be set up
5. Real Agents/Dealers needs to register themselves
6. Separate bank accounts for every project
7. Builders cant take more than 10% advance without a written Agreement
8. Full refund with interest, if property not handed over time

It will be difficult to guess if this will help bring down the property prices, but it will certainly bring in more transparency in the Real Estate business and help buyers keep themselves well informed. 

Thursday, 9 May 2013

Pay more service tax on house costing over Rs 1 crore

Pay more service tax on house costing over Rs 1 crore



The finance ministry has tightened norms for application of lower rate of service tax on construction, dealing a blow to buyers purchasing houses above a certain size or value.

The Central Board of Excise and Customs, the apex indirect taxes body, has issued new norms that restrict lower service tax to only those houses that cost below Rs 1 crore and have carpet area less than 2000 square feet.

Service tax at the rate of 12% will be applicable on 25% of the total value of the residential unit (effectively 3%) on properties that meet these conditions.

If a housing unit is either more than 2000 square feet carpet area or costs over Rs 1 crore then the tax will be levied on 30% of the total value, says the CBEC notification, raising the effective tax to 3.6%.

Commercial properties will continue to attract higher incidence of tax, irrespective of size and value. The move comes at a time when the construction and the realty sector is already confronting lower off take and piled up inventory. The CBEC had earlier allowed application of the lower rate if any of the conditions was met.

Experts say absence of a definition of what constituted carpet area complicated the matters further. 

All under construction residential houses will face the new norm. As many as 4.5-5 lakh homes are expected to be delivered in 2013. More details here

Saturday, 29 September 2012

Realty India 2012 Dubai Property Expo at JW Marriott Hotel, Next to Hamarain Centre, Deira - Dubai on September 27 - 29


Realty India 2012 Dubai Property Expo at J W Marriott Hotel, Next to Hamarain Centre, Deira - Dubai on September 27 - 29



Realty India 2012 Dubai Property Expo at JW Marriott Hotel, Next to Hamarain Centre, Deira - Dubai on September 27 - 29. For more Real Estate updates, visit indianconcretejungle.blogspot.in


                                               
                                                             

Thursday, 21 June 2012

India Property Show 2012 - Dubai World Trade Centre 21st, 22nd & 23rdJune 2012

India Property Show 2012 - Dubai World Trade Centre 21st, 22nd & 23rd June 2012 by jungle_concrete
India Property Show 2012 - Dubai World Trade Centre 21st, 22nd & 23rd June 2012, a photo by jungle_concrete on Flickr.


The Indian Property show Dubai 2012 will feature properties ranging from Rs 8 lakhs to Rs 9 crores and more while exhibiting diverse offerings of various developers from budget to luxury properties, organizers Sumansa Exhibitions said.
The show will have participants such as Mantri Developers, Nirmal Lifestyle, Hiranandani, Ansal API, Ireo Pvt ltd, Amrapali, Brigade Group plus Investors Clinic, Assetz Homes and Sobha Developers Ltd. Leading banks have also confirmed participation.

India property show in Dubai


Sunday, 17 June 2012

JLL Pulse - Monthly Real Estate Monitor - June 2012





By Jones Lang LaSalle
A monthly snapshot of what is happening in the real estate market of India's seven major cities.
- Bangalore
- Chennai
- Hyderabad
- Delhi
- Kolkata
- Mumbai

- Pune

Read:

JLL Pulse Real Estate Monitor June 2012 India

About  
Jones Lang LaSalle India
Jones Lang LaSalle is India’s premier and largest professional services firm specializing in real estate. With an extensive geographic footprint across eleven cities (Ahmedabad, Delhi, Mumbai, Bangalore, Pune, Chennai, Hyderabad, Kolkata, Kochi, Chandigarh and Coimbatore) and a staff strength of over 4800, the firm provides investors, developers, local corporate and multinational companies with a comprehensive range of services including research, analytics, consultancy, transactions, project and development services, integrated facility management, property and asset management, sustainability, Industrial, capital markets, residential, hotels, health care, senior living, education and retail advisory.

Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of more than USD 3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately
1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with USD 47.9 billion of assets under management.
Jones Lang LaSalle has over 50 years of experience in Asia Pacific, with over 20,800 employees operating in 77 offices in 13 countries across the region. The firm was named the Best Property Consultancy in Asia Pacific at ‘The Asia Pacific Property Awards 2011 in association with Bloomberg Television’.