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
Wednesday, March 4, 2009
NEW PENSION SCHEME (NPS)
From 1st April 2009 onwards, any individual will be able to start a New Pension System (NPS) account and start saving up for a pension. Of course, the system is not just for private individuals, the pension of all central government employees who have joined service after 01/01 2004 are also part of NPS.
The design of the new system is simple. The National Security Depository Limited (NSDL) will be record keeper and six entities selected by PFRDA will be the fund managers. The fund managers will manage different plans that comprise of equity, government securities and corporate bonds. These plans will obviously have different combinations of risk and returns.
The distinguishing feature of the NPS is the amazingly low cost. The annual cost of record-keping is Rs 380, each transaction will cost Rs 6 and the most amazing of all-the investment management fee is 0.009 % p.a. Why is low cost so important? Because the magic of compounding over the long time horizonwill make its beneficial impact magnified massively.
There are some drawbacks to the NPS too. The biggest is that it really is a pension scheme, not an investment. You can't withdraw the money till you are sixty years old, except for critical illnesses and for building or buying one house. Even at sixty, you can only withdraw as cash 60 per cent of the corpus, the rest must be used to buy an annuity. That's not a bad thing by itself.
Aanother big disadvantage of the NPS is that its gains will be taxable. However, this is obviously a blunder on the government's part and one expects it to be corrected if the NPS is to take off at all. Either NPS gains will be made tax-free or competing systems like the EPFO will also be made taxable.
The design of the new system is simple. The National Security Depository Limited (NSDL) will be record keeper and six entities selected by PFRDA will be the fund managers. The fund managers will manage different plans that comprise of equity, government securities and corporate bonds. These plans will obviously have different combinations of risk and returns.
The distinguishing feature of the NPS is the amazingly low cost. The annual cost of record-keping is Rs 380, each transaction will cost Rs 6 and the most amazing of all-the investment management fee is 0.009 % p.a. Why is low cost so important? Because the magic of compounding over the long time horizonwill make its beneficial impact magnified massively.
There are some drawbacks to the NPS too. The biggest is that it really is a pension scheme, not an investment. You can't withdraw the money till you are sixty years old, except for critical illnesses and for building or buying one house. Even at sixty, you can only withdraw as cash 60 per cent of the corpus, the rest must be used to buy an annuity. That's not a bad thing by itself.
Aanother big disadvantage of the NPS is that its gains will be taxable. However, this is obviously a blunder on the government's part and one expects it to be corrected if the NPS is to take off at all. Either NPS gains will be made tax-free or competing systems like the EPFO will also be made taxable.
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