NBCC has launched “NBCC Town” scheme at Khekra on Delhi – Sharanpur Highway. 19 Km Away from the ISBT, the flats start at a price of 6.75 Lac for One Bedroom Flat (493 Sq. ft.) at 4th Floor of Lotus Apartments. The scheme opens from 25th August,2009.
NBCC has come up with four type of apartments. The Lotus apartments (4 Storey) will house One bedroom Flats. Lilly apartments (4 storey) will house 2 bedroom flats. Tulip Apartment (4 storey) will house 3 Bedroom and Marigold Towers (7 storey) will also house 3 Bedroom flats but will have facility of stilt Car parking.
The costliest flat in the scheme is located at the First Floor in the Marigold Towers with an area of 1100 Sq. Ft. and is prices at 17.8 Lac for 3 Bedrooms with 2 Balconies. Car parking will cost additional 1.25 Lac for flats at Marigold Towers.
The application form is available at the NBCC Bhawan at Lodhi Road and Sector 41 Noida at a price of Rs 100.The forms are also available at designated branches of HDFC Bank, Union Bank, Corporation Bank and Axis Bank.The application form for NBCC Town can be downloaded here:
http://www.nbccindia.com/nbccindia/public/jsp_pub/loni_details.jsp
NBCC has come up with four type of apartments. The Lotus apartments (4 Storey) will house One bedroom Flats. Lilly apartments (4 storey) will house 2 bedroom flats. Tulip Apartment (4 storey) will house 3 Bedroom and Marigold Towers (7 storey) will also house 3 Bedroom flats but will have facility of stilt Car parking.If you are a working or retired Government / PSU Employee then you are eligible for a special discount of 5%.
FOR FURTHUR DEATILS CHECK THE WEBSITE: WWW.NBCCINDIA.COM
Showing posts with label Real estate. Show all posts
Showing posts with label Real estate. Show all posts
Saturday, August 22, 2009
Tuesday, May 19, 2009
Flat Buyers, Beware!
Be Careful While You Book A Flat.
Signing blindly the agreements that the developers want you to sign will place you at a disadvantage
Before construction is set to commence, the developers protect themselves from all expo-sures by forcing the buyers to sign a "buyer's agreement" which is unilateral and biased in nature and content. Buyers are given no exit option - either they sign the agreement or pay the penalty for not signing it. The penalty entails cancellation of the flat and forfei-ture of the Earnest Money Deposit (EMD). The EMD accounts for 10 per cent of the cost of the flat already paid. The agreement is couched in such a language that the buyer can never dream of raising any representation / objection to any act of commission and omission on the part of the developers. Since it is a lengthy document, everybody signs without reading it but actually it could shock the buyer into disbelief when he / she actu-ally reads and understands it.
a) While booking, the developers declare in the brochure that the flat will be handed over to the buyer within 36 months from the date of booking. But the agreement on the other hand, says it is 36 months from the date of signing the agreement.
b) The agreement lays down in the definitions that the `super area' of the flat is sub-ject to change. It is understandable that post construction, the actual super area may change slightly but how can a definition change? After all, definition is about things definite and not indefinite!
c) All payment clauses mentioned are one-sided; whenever there is a price escalation, the buyer has to pay the escalation on demand but the developers will adjust the fall in prices, if any, at the end of the project.
d) The developers take it in writing from the buyer that the buyer surrenders all rights to challenge/represent against the developer in a court of law and the developers have the sole discretion to stipulate payment conditions, change specifications, etc, in a manner deemed fit by them.
e) Post construction, buyers sign a `maintenance agreement', without any represen-tation from their side. However many developers do not disclose its content while the buyer signs it. How can a buyer be forced to commit to sign a document whose content will be disclosed after, say, two years?
f) Developers undertake that provision of a three-tier security system is their respon-sibility but in the agreement they seek indemnity from theft.
g) Buyer's agreement expects buyers to pay electricity charges for back-up (genera-tor) services, `as decided from time to time'. But the agreement is silent on who will de-cide these charges. Rightfully, it should be decided by a committee on which the buyers are represented.
h) Buyers are bound to pay administrative charges from time to time. But the agree-ment is silent about the actual amount payable for the purpose; nor does it say who will quantify this amount.
i) The agreement expects buyers to pay electricity charges which are at variance with what is charged by the Electricity Board concerned. How can developers charge more for a service that is delivered by the government?
j) Developers protect themselves by mentioning in the agreement that power back-up facilities are an `additional feature' and buyers will indemnify the developers from all damages accruing from faults in the supply of power from the said back-up facilities. But while launching the project, the developers state that the said facility is a part and parcel of the offer. Also developers charge the buyers up-front for this facility.
k) If the buyer mortgages the flat for finance, the developer is indemnified; on the other hand, if the developer mortgages the entire project, all buyers are a party to it.
l) In case of insolvency of the developer, the entire project will be sold off to clear all the dues of the developers first and the balance of the sale proceeds, if any, will be shared by the buyers. This means that the buyers bear the risk arising from the insolvency of the developers and the insolvency of the developers. Further, the agreement does not say when the buyer will get the money back in such a situation.
m) Developers notify the changes in specifications to the buyers. If buyers do not ob-ject to the specifications within 15 days, it will be deemed as accepted. If they do, the allotment will be cancelled. This means that they do not have a right to represent against their grievance.
n) The agreement mentions that while taking over the flat, the buyer relinquishes all rights to challenge any deviation in quality / specifications promised by the developers while booking the flat.
o) Developers have unlimited rights to erect additional towers/buildings, etc, within the same area. This grossly violates the layout furnished by the developers in the brochure during the launch of the project.
p) Developers always seek `IBMS' or `Interest Bearing Maintenance Security'. Buy-ers are expected to deposit the money, post construction. But it is conveniently silent on the rate of interest payable to the flat buyers.
q) Developers indemnify themselves from any damage arising from non-adherence to any clause/condition/covenant of the agreement. Then what is the sanctity of this agreement? On the other hand, the buyer is expected to abide by it religiously.
r) Any expenses arising from the upward revision of the specifications is chargeable to the buyer but the agreement is silent on the reimbursement to buyers, in case of any downward revision.
Source: Merinews.com
Monday, May 11, 2009
Shubh Griha "NANO HOMES"- Details
Types of Flats
1 BHK - 465 Sq. Ft. No. of Flats 660 Price : Rs. 6,74,250
1 RK Large - 360 Sq. Ft. No. of Flats 474 Price : Rs. 5,04,000
1 RK Small - 283 Sq. Ft. No. of Flats 108 Price : Rs. 3,90,540
1 BHK - 465 Sq. Ft. No. of Flats 660 Price : Rs. 6,74,250
1 RK Large - 360 Sq. Ft. No. of Flats 474 Price : Rs. 5,04,000
1 RK Small - 283 Sq. Ft. No. of Flats 108 Price : Rs. 3,90,540
Payment Plan
Rs. 10,000 have to be deposited with the Application form.
7.5% –8.5% (depending on type of flat) of the amount to be deposited within 15 days of allotment letter
85% of the amount to given in 7 Quarterly Installments starting from September,2009
Balance 5% to be deposited at the time of Possession
Rs. 10,000 have to be deposited with the Application form.
7.5% –8.5% (depending on type of flat) of the amount to be deposited within 15 days of allotment letter
85% of the amount to given in 7 Quarterly Installments starting from September,2009
Balance 5% to be deposited at the time of Possession
Expected Date of Allotment : 29th June,2009
Expected Date of Possession: May 14th, 2011
Expected Date of Possession: May 14th, 2011
Forms will be available at Boisar, Virar, Vasai, Palghar, Nallasopara,Dahanu Road, Thane, Borivali(W), Andheri East branches of SBI.In addition the forms would also be available at the Fort Regional Office of Tata Housing. Detail address: http://shubhgriha.com/pages/forms.php
For Details visit the tata's Subhgriha website:
Friday, May 8, 2009
Yamuna Expressway Residential Plot Scheme Extended till 15th May,2009
Why??
The notice says that the Scheme has been extended till 15th May,2009 due to demand from Public. however the real reason behind extendind the date seems :
The notice says that the Scheme has been extended till 15th May,2009 due to demand from Public. however the real reason behind extendind the date seems :
1.With the current downtrend in Real estate prices, investors are worried about the returns from the Scheme
2.The Rate of Rs. 4,750 per Sq. Mtr. is considered to be aggressive given that the Scheme may take at least 8-10 years to develop.
3.Investors have doubts about the progress on the proposed Noida - Agra Expressway itself and any dealy on this project would also delay development under the Scheme.
4.The Agra Noida area is more prone to petty crimes and hence reduce the attractiveness of the scheme from Safety point of view.
TATA LAUNCHES "NANO HOMES"
Tata Housing Development Company has launched a low-cost housing project at Boisar, which is about 80 km from Mumbai.
The company said the model, offering apartments of 283 sq ft, 360 sq ft and 465 sq ft, in the price band of Rs 3.9 lakh-6.7 lakh, would be replicated across tier I and II cities.
Booking starts from May11,2009 and forms would be available for Rs. 200. Allotment would be made on basis of Lottery draw.
Shubh Griha project
Announcing the launch of the project, Shubh Griha, of about 1,200 units, Brotin Banerjee, Managing Director and Chief Executive Officer, Tata Housing, said, "We observed that since most of the people in the low-income bracket live away from their families to earn a livelihood in the big cities, there is a large percentage of migrant population living in either rented or company provided accommodation.
"Our study shows that around 48 per cent in the lower segment are currently staying in rented accommodation. As a real estate company, we are sensitive to the need of providing this segment with their own home along with a community life. We believe in empowering them and giving them the pride of owning a house."
Community concept
He said though it was priced at an entry level, the 'neighbourhood and community' concept would change the conventional residential choice available for this segment of consumers today.
With a balanced mix of buildings and open spaces, the projects would be constructed under the guidance of Indian Green Building Council.
The low-cost housing units at Boisar would be built on about eight acres of a total of 63 acres, which will also have homes in the affordable segment, besides shopping, hospital, schools and other amenities, in subsequent phases.
Banerjee said revenues from the sale of low cost units alone would be over Rs 80 crore, while declining to furnish the total project cost. The units would be delivered in two years.
Booking Process
Applicants can purchase application form costing Rs 200 from select SBI branches across Mumbai. The bookings should be made with an initial booking amount of Rs 10,000 at the bank branches.
The first list and the waiting list will be declared after scrutiny of applications. The allottees would be intimated by Tata Housing along with payment schedule
About Boisar
Boisar is a town in Thane district in the state of Maharashtra. It is located 45 kms (28 miles) north of Virar on the Western Railway line of Mumbai Suburban Railway. By Road, it can be reached from National Highway NH-8, {{convert22kmmi} off from Chilhar Phata. There are regular state transport buses from Palghar, Thane, Bhiwandi and Wada.
Subha Griha Project in Delhi & Bangalore
Tata Housing has intends to launch the affordable flats scheme in NCR and Bangalore in this year itself. It will launch this Scheme in other major cities including Chennai and Kolkata in the coming years.
The company said the model, offering apartments of 283 sq ft, 360 sq ft and 465 sq ft, in the price band of Rs 3.9 lakh-6.7 lakh, would be replicated across tier I and II cities.
Booking starts from May11,2009 and forms would be available for Rs. 200. Allotment would be made on basis of Lottery draw.
Shubh Griha project
Announcing the launch of the project, Shubh Griha, of about 1,200 units, Brotin Banerjee, Managing Director and Chief Executive Officer, Tata Housing, said, "We observed that since most of the people in the low-income bracket live away from their families to earn a livelihood in the big cities, there is a large percentage of migrant population living in either rented or company provided accommodation.
"Our study shows that around 48 per cent in the lower segment are currently staying in rented accommodation. As a real estate company, we are sensitive to the need of providing this segment with their own home along with a community life. We believe in empowering them and giving them the pride of owning a house."
Community concept
He said though it was priced at an entry level, the 'neighbourhood and community' concept would change the conventional residential choice available for this segment of consumers today.
With a balanced mix of buildings and open spaces, the projects would be constructed under the guidance of Indian Green Building Council.
The low-cost housing units at Boisar would be built on about eight acres of a total of 63 acres, which will also have homes in the affordable segment, besides shopping, hospital, schools and other amenities, in subsequent phases.
Banerjee said revenues from the sale of low cost units alone would be over Rs 80 crore, while declining to furnish the total project cost. The units would be delivered in two years.
Booking Process
Applicants can purchase application form costing Rs 200 from select SBI branches across Mumbai. The bookings should be made with an initial booking amount of Rs 10,000 at the bank branches.
The first list and the waiting list will be declared after scrutiny of applications. The allottees would be intimated by Tata Housing along with payment schedule
About Boisar
Boisar is a town in Thane district in the state of Maharashtra. It is located 45 kms (28 miles) north of Virar on the Western Railway line of Mumbai Suburban Railway. By Road, it can be reached from National Highway NH-8, {{convert22kmmi} off from Chilhar Phata. There are regular state transport buses from Palghar, Thane, Bhiwandi and Wada.
Subha Griha Project in Delhi & Bangalore
Tata Housing has intends to launch the affordable flats scheme in NCR and Bangalore in this year itself. It will launch this Scheme in other major cities including Chennai and Kolkata in the coming years.
Wednesday, March 18, 2009
DLF New Residential Project, Shivaji Marg, New Delhi
To support you in your realty investment decision-making, I am presenting an excellent investment and residential proposition in the heart of Delhi.
I am extremely positive about this investment prospects and excellent livable asset category as there is a huge shortage of high rise condominiums in an integrated township in Delhi.
Delhi residential status is dominated by independent floors which have inherent problems like Parking, power, water and security. The same has created a huge gap for residential gated condominiums complexes and DLF Shivaji Marg shall aptly fill the requirement gap for the same.
The basic factors that make the asset proposition attractive are as follows:
Developer : DLF is an A category developer and has been the front runner since last 6 decades
Prime Location : DLF Shivaji Marg offers excellent connectivity with CBD - C.P.( 5 K.M), Punjabi Bagh (2 K.M), Karol Bagh (3 K.M) and close to the major transportation routes The land is strategically located on the Shivaji Marg-Zakhira Bridge intersection and is just 5 km away from Connaught Place, the capital's central business district (CBD). At present, office space in the CBD costs more than even Rs 50,000 per sq ft in certain cases. Some residential areas in a close proximity to DLF's site include Rajouri Garden and Punjabi Bagh.
Site profile : 200 acres of integrated township comprising of 130 Acres of Compulsory Greens , DLF's proposed integrated township project will be spread over 10 million sq ft of saleable area, comprising 3 mn sq ft of offices, 2 mn sq ft of shopping mall and 5 mn sq ft of residential units. Three Metro Stations in the vicinity of 75 Km to 1 km.
Payment Plan : Expected Price Rs 6000-7000 Psf .Customer friendly Construction Linked payment plan spread over as per the construction progress.
Configuration : Launching only 500 apartments in Phase I Majority of 3 Bed Room Apartments ranging from 1425 Sq Ft to 1525 Sq Ft .26-27 Storey Building.
Booking Amount : Would vary between Rs 5 lacs to Rs 10 lacs
Project Features
Club facility with multipurpose room
Swimming pool
Abundant green areas
Sports facility
1.5 Km from the existing Metro Station
Secured gated community
100% Power backup
Tentative Price List
Type Size (Sq.ft.) Price Per Sq.ft. (Rs.) Amount (Rs.) Booking
3BR-2T 1420 6000 to 7000 7700000 10 Lacs
3BR-2T 1435 6000 to 7000 9800000 10 Lacs
3BR-3T 1450 6000 to 7000 11900000 10 Lacs
3BR-3T 1490 6000 to 7000 11900000 10 Lacs
3BR-3T 1525 6000 to 7000 11900000 10 Lacs
Distress Sales On Anvil,Developers Have Finally Start Lowering Their Prices But Customer Want's More
Real estate developers may have finally blinked and started lowering their prices, but customers aren't buying yet neither their protestations of maximum discounts nor their product offerings.
The findings from two different surveys reveal as much. While DTZ International Property Advisor's Demand Analysis and Real Estate Trends (DART) Survey 2009 focusses on the trends in the commercial office space rental market, property portal Makaan.com's Me, My Home and Property Rates consumer survey looks at the residential segment.
DTZ's research, in fact, reveals why customers are still holding on to their horses. "If you compare today's rentals with the peak values of end-2007 prices are down by 20-25 per cent, with another 10-15 per cent correction expetced this year," points out Anshul Jain, CEO (India), DTZ.
Its DART survey, which covered 48 companies across Delhi, Mumbai and Bengaluru, reveals that 70 per cent of the respondents do not expect the market to bottom out before the next six months-- clearly indicating that they will be driving some hard bargains with the developers for lease rentals. In fact, renegotiation of rentals, by at least 10-15 per cent, tops the agenda of these companies.
Residential property: Roping in the fence sitters How much discount will attract how many buyers?
*21% home seekers expect discount greater than 30%
*23% home seekers want discount between 20-30%
*21% home seekers expect discount between 10-20%
*14% home seekers seek discount up to 10%
*21% home seekers willing to buy even at current price levels
Interestingly, a significant percentage of the occupiers 19 per cent are also using the current downturn in the realty segment to relocate to more upmarket areas that are now more affordable.
Source: Business Today Distress sales on the anvil
The findings from two different surveys reveal as much. While DTZ International Property Advisor's Demand Analysis and Real Estate Trends (DART) Survey 2009 focusses on the trends in the commercial office space rental market, property portal Makaan.com's Me, My Home and Property Rates consumer survey looks at the residential segment.
DTZ's research, in fact, reveals why customers are still holding on to their horses. "If you compare today's rentals with the peak values of end-2007 prices are down by 20-25 per cent, with another 10-15 per cent correction expetced this year," points out Anshul Jain, CEO (India), DTZ.
Its DART survey, which covered 48 companies across Delhi, Mumbai and Bengaluru, reveals that 70 per cent of the respondents do not expect the market to bottom out before the next six months-- clearly indicating that they will be driving some hard bargains with the developers for lease rentals. In fact, renegotiation of rentals, by at least 10-15 per cent, tops the agenda of these companies.
Residential property: Roping in the fence sitters How much discount will attract how many buyers?
*21% home seekers expect discount greater than 30%
*23% home seekers want discount between 20-30%
*21% home seekers expect discount between 10-20%
*14% home seekers seek discount up to 10%
*21% home seekers willing to buy even at current price levels
Interestingly, a significant percentage of the occupiers 19 per cent are also using the current downturn in the realty segment to relocate to more upmarket areas that are now more affordable.
Source: Business Today Distress sales on the anvil
Friday, February 27, 2009
Residential Plot Offered By Yamuna Expressway Industrial Development Authority
Be among the first to own a Residential Plot offered by Yamuna Expressway Industrial Development Authority In NCR Starting Rs 14 lacs
* Scheme open: 02.03.2009* Scheme Closes:04.05.2009
* Tentative Draw:10.08.2009
Friday, February 20, 2009
PLOT SCHEME GREATER NOIDA SECTOR-2
Greater Noida Industrial Development Authority announce Plots scheme PLOT SCHEME GREATER NOIDA SECTOR-2 , FEBURARY 2009
Details of PLOTS Given: below:
*SECTOR NAME: 02, PLOT SIZE: 162 Meter, TOTAL PLOTS : 1200, REGISTRATION MONEY : 1,70,100/-
*SECTOR NAME: 02, PLOT SIZE: 220 Meter, TOTAL PLOTS : 800, REGISTRATION MONEY : 2,31,000/-
Application forms can be avilabel from the Bannks given below @ Rs. 1100/- each Cash
ALLAHABD BANK, Sector-10 Noida & MDA Branch Meerut. AXIS BANK, Sector-16, NoidaABN AMRO BANK, Sector-18 NoidaBANK OF BARODA, Sector-Gamma-II, Greater Noida & Sector-18 NoidaBANK OF MAHARASHTRA, Sec. Alpha-I, Greater NoidaCANARA BANK, Gamma shopping mall, Greater Noida HDFC BANK, Darbar lal sharma marg, new vidhan sabha Lucknow.INDIAN BANK, G-41, Connaught Place, New Delhi.ORIENTAL BANK of COMMERCE, Sector-20, Noida & Rajnagar Ghaziabad.ORIENTAL BANK of COMMERCE, The Mall Kanpur,STATE BANK of INDIA, K.P.-I Near Kailash Hospital Greater Noida,STATE BANK of BIKANER & JAIPUR, Sec.18, Noida, UNION BANK of INDIA, C-56, A/28 Sector-62 Noida, VIJAY BANK, Sector-19 Noida, BANK of INDIA, Beta-II, Greater Noida, CORPRATION BANK, S-6, Gamma-I, Jagat Farm, Greater Noida. ANDHRA BANK, Sec-19, Noida.
Scheme: Starts from: 17-02-2009,Scheme Close : 16-03-2009Draw Date : June 2009
Details of PLOTS Given: below:
*SECTOR NAME: 02, PLOT SIZE: 162 Meter, TOTAL PLOTS : 1200, REGISTRATION MONEY : 1,70,100/-
*SECTOR NAME: 02, PLOT SIZE: 220 Meter, TOTAL PLOTS : 800, REGISTRATION MONEY : 2,31,000/-
Application forms can be avilabel from the Bannks given below @ Rs. 1100/- each Cash
ALLAHABD BANK, Sector-10 Noida & MDA Branch Meerut. AXIS BANK, Sector-16, NoidaABN AMRO BANK, Sector-18 NoidaBANK OF BARODA, Sector-Gamma-II, Greater Noida & Sector-18 NoidaBANK OF MAHARASHTRA, Sec. Alpha-I, Greater NoidaCANARA BANK, Gamma shopping mall, Greater Noida HDFC BANK, Darbar lal sharma marg, new vidhan sabha Lucknow.INDIAN BANK, G-41, Connaught Place, New Delhi.ORIENTAL BANK of COMMERCE, Sector-20, Noida & Rajnagar Ghaziabad.ORIENTAL BANK of COMMERCE, The Mall Kanpur,STATE BANK of INDIA, K.P.-I Near Kailash Hospital Greater Noida,STATE BANK of BIKANER & JAIPUR, Sec.18, Noida, UNION BANK of INDIA, C-56, A/28 Sector-62 Noida, VIJAY BANK, Sector-19 Noida, BANK of INDIA, Beta-II, Greater Noida, CORPRATION BANK, S-6, Gamma-I, Jagat Farm, Greater Noida. ANDHRA BANK, Sec-19, Noida.
Scheme: Starts from: 17-02-2009,Scheme Close : 16-03-2009Draw Date : June 2009
Friday, February 6, 2009
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