customers

Godrej Properties Plan Residential Projects in Hyderabad & Thane

by Paul Joseph July 22, 2011

Godrej Properties has entered into a profit sharing agreement with Godrej & Boyce to develop residential projects in Hyderabad and Thane. Under the agreement, Godrej Buildcorp will develop a 9.16 acre at Moosapet, Hyderabad. The approximate developable area will be two million square feet. In this project, Godrej Properties will get 35 per cent of the profit generated from the project. Godrej Property Developers will develop three acres at Thane, where the sale area will be about 0.26 million sq ft. In this project, Godrej Properties’ profit share will be 32 per cent of the profits generated from the project. Pirojsha Godrej, executive director, Godrej Properties, said, “We are very happy to have entered into two LLP’s (limited liability partnership) with Godrej & Boyce. These are the second and third developments after our project, The Trees, in Mumbai that we will do in partnership with one of our Group companies. We look forward to additional future opportunities to partner with our Group companies. Our aim will be to create outstanding projects that offer our customers an environmentally friendly, well designed living environment.”

Tagged as: customers, godrej-properties, godrej-property, home-loans, hyderabad, noida, profit-sharing, profits, project, trees, well-designed, will-develop

0 comments Read the full article →

Godrej Properties Launches its Property Image Gallery on Flickr.com

by Paul Joseph July 19, 2011

Godrej Properties has made available images of its properties on photo-sharing Web site Flickr.com. The company’s gallery on Flickr.com will offer customers a chance to share the pictures with family and friends on Facebook, Twitter and via e-mails. Girish Shah, vice president (sales & marketing), Godrej Properties, said, “The gallery on Flickr.com is the latest offering by Godrej Properties in the online space to enhance customer experience. After receiving an overwhelming response to our recently launched YouTube Channel we decided to widen our reach in the social media world and make it a fun experience for our customers to preview our offerings.”

Tagged as: customers, faridabad, fun-experience, girish-shah, godrej-properties, latest, mumbai, noida, pictures, property prices, real estate india

0 comments Read the full article →

Accessibility of funds an alarm for property

by Paul Joseph June 25, 2011 Uncategorized

In Mumbai, conservative policy of Reserve Bank of India on bank guiding to the property impresses the sector as accessibility of funds is becoming a serious concern, industry experts remarked. “The real estate properties situation nowadays is fairly serious. The accessibility of funds is confined. If this is the ambiance, how can we imagine populace to invest in this area? Another challenge is that the accessibility of debt has decreased. RBI has restricted banks to offer loans to the real estate zone,” Piramal Group Chairman Ajay Piramal announced informers on the sidelines of a summit here nowadays. “The cost of personal equity funds is sky-scraping, which is a different chief concern for us. If they don’t obtain 30 % return on their investments, they will not invest as they think the danger is top. As a result the chief difficulty is accessibility of funds,” he uttered. Aside from accessibility of funds, regulatory authorization is as well up-and-coming as a solemn cause of concern for the real estate industry , he publicized. “We are looking a few regulatory difficulties particularly in finding permissions for our projects. Government and regulatory authorities must realize that giving quick permission is in the interest of the customers. The delay would simply consequence in shortage of house stock,” he remarked.

Tagged as: chairman, chairman-ajay, customers, different-chief, india-on-bank, personal-equity, property, real estate, reserve-bank, serious-concern

0 comments Read the full article →

Phoenix Group Plans to Invest Rs 2000cr in Upscale Residential Projects

by Paul Joseph June 14, 2011

Leading infrastructure development company Phoenix Group has announced plans to invest Rs 2,000 crore in various upscale residential projects, including Rs 350 crore in Golf Edge, a mixed use project launched in Hyderabad, which will have a five-star hotel and high-end residential apartments. Further, Phoenix Group is looking to launch similar projects in tier I, II and III cities in Andhra Pradesh, Tamil Nadu and Karnataka over the next five years, the company said in a statement. “Given our confidence in its long-term economic development Phoenix is continuing to invest in the southern Indian region. With projects close to Rs 10,000 crore in the pipeline, the Phoenix has seen consistent business growth in the past nine years having developed more than 2.5 million sq ft area of upscale real estate properties. We hope to continue our growth by introducing iconic infra properties in the South Indian market to cater to the growing needs of the value for money Indian consumers,” Suresh Chukkapalli, chairman, Phoenix Group, said. Gopikrishna Patibanda, managing director of Phoenix Group, added. “We are bullish about residential property development market in Hyderabad as we see the potential for outperformance in the real estate market. This is well illustrated in the Group successful investments in the past. In 2005, Phoenix sold its premium luxury apartments at the highest cost per SFT in the history of Hyderabad city’s apartments of Rs 10,000 per sq ft.” “We’ve always had strong interest from clients around the world to invest in Phoenix projects and already 25 per cent of Golf Edge property has been sold in less than 7 months,” said Patibanda. “The key to our success is to find a model that connects with consumer’s desire and to integrate them. Golf Edge concept offers great growth opportunity for us because this format allow us to tap new set of highly demanding and value for money buyers who do not find premium, integrated, affordable home backed with comfort features to invest. They also look to associate with a developer who promises partnership with owners forever.” Speaking about the market sentiments and the challenges faced by uncertainty in the marketplace due to political issues in Hyderabad Chukkapalli said, we are not a speculative player we are creating what is required for the market and we are not looking for an exit option. “We are a long term player and we believe in long term customer relationships which is our pillar of success.” Golf Edge will have 497 apartments of two-bed room, 3-bedroom, duplex ranging from 1,055 sq ft to 3,595 sq ft in high-rise twin towers priced at Rs 60 lakh-Rs 2 crore, working out to Rs 6,000 a sq ft of built-up space. All the apartments come fully furnished and the customers would be provided services support at Rs 4 per sq ft. The hospitality partner will take care of maintenance aspect too, the statement added.

Tagged as: apartments, bangalore, confidence, customers, indian, marketplace, past, phoenix, phoenix-group, real estate, real estate developers, real estate india, real estate trends, south-indian, statement

0 comments Read the full article →

Phoenix Group to invest Rs 2000cr in Upscale Residential Projects

by Paul Joseph June 14, 2011

Leading infrastructure development company Phoenix Group plans to invest Rs 2,000 crore in various upscale residential projects, including Rs 350 crore in Golf Edge, a mixed use project launched in Hyderabad, which will have a five-star hotel and high-end residential apartments. Further, Phoenix Group is looking to launch similar projects in tier I, II and III cities in Andhra Pradesh, Tamil Nadu and Karnataka over the next five years, the company said in a statement. “Given our confidence in long-term economic development, we continue to invest in the southern Indian region. With projects close to Rs 10,000 crore in the pipeline, Phoenix has seen consistent business growth in the past nine years having developed more than 2.5 million sq ft area of upscale real estate properties. We hope to continue our growth by introducing iconic infra properties in the South Indian market to cater to the growing needs of the value for money Indian consumers,” Suresh Chukkapalli, chairman, Phoenix Group, said. Gopikrishna Patibanda, managing director of Phoenix Group, added. “We are bullish about residential property development market in Hyderabad as we see the potential for out-performance in the real estate market. This is well illustrated in the Group’s successful investments in the past. In 2005, Phoenix sold its premium luxury apartments at the highest cost per SFT in the history of Hyderabad city’s apartments of Rs 10,000 per sq ft.” “We’ve always had strong interest from clients around the world to invest in Phoenix projects and already 25 per cent of Golf Edge property has been sold in less than 7 months,” said Patibanda. “The key to our success is to find a model that connects with consumers. Golf Edge concept offers great growth opportunity for us because this format allow us to tap new set of highly demanding and value for money buyers who do not find premium, integrated, affordable homes backed with comfort features to invest. They also look to associate with a developer like us who promises a long-term partnership with home buyers.” Speaking about the market sentiments and the challenges faced by uncertainty in the marketplace due to political issues in Hyderabad, Chukkapalli said, “We are not a speculative player we are creating what is required for the market and we are not looking for an exit option..” Golf Edge will have 497 apartments of two-bed room, 3-bedroom, duplex ranging from 1,055 sq ft to 3,595 sq ft in high-rise twin towers priced at Rs 60 lakh to Rs 2 crore, working out to Rs 6,000 a sq ft of built-up space. All the apartments come fully furnished and the customers would be provided services support at Rs 4 per sq ft. The hospitality partner will take care of maintenance aspect too, the statement added.

Tagged as: apartments, challenges, chennai, customers, hyderabad, market, phoenix-group, real estate developers

0 comments Read the full article →

Unitech Unveils Housing Project at Ambala

by Paul Joseph April 13, 2011

Real estate major Unitech Ltd has unveiled the first phase of its affordable housing project Unihomes in Ambala, Haryana. This project, which will be launched in phases, is a part of the 150-acre Unitech township project coming up in Ambala. First phase of this project is offering 300 units to buyers with unit cost staring at Rs 19.84 lakh onwards. The project comprises 2 & 3 BHK independent floors in sizes including 953 square feet and 1,646 square feet. The launch of Unihomes, Ambala is in line with Unitech’s business plan to launch almost 10 million sq ft in the next few months. Some of its recently launched projects include Gardens and Aspen Greens — Mohali; Espace Premier – Gurgaon; Residences – Noida; Gardens, Unihomes 2 and Green Wood City – Chennai, etc, according to a company press release Unitech introduced affordable housing projects under the “Unihomes” brand in 2009 as part of its strategy to expand its product offering and achieve leadership in the residential housing segment. The previous launches of Unihomes in cities such as Rewari, Mohali, Chennai, Noida and Bhopal have met with an encouraging response from the customers, the press release added. Unitech has been steadily improving its cash flows on the back of improved realisation from operations. As announced in the Q3FY11 results, Unitech has reduced its net real estate debt by Rs 555 crore in the 3rd quarter of FY 2011. Its real estate net debt equity ratio now stands at 0.40 which is one of the lowest in the industry. Being comfortable from a financial leverage perspective, the company is focusing on its core operations — launches, execution and delivery of projects. Delivery of finished products has commenced in most of the pre-March 2009 projects and is expected to accelerate in the coming months, it said.

Tagged as: customers, delhi, espace-premier, faridabad, focusing-on-its, green, real estate india, residential, such-as-rewari

0 comments Read the full article →

Orris Floreal Towers – Completely Sold Out

by Paul Joseph April 7, 2011 Uncategorized

Orris Infrastructure, one of the leading real estate companies, has received a phenomenal response from the customers for its commercial division in “Floreal Towers” by selling 100 per cent of the project in a short span of time. The project is a part of commercial-cum-retail-complex situated in Sector 83, New Gurgaon The world class amenities being provided and the strategic location in terms of convenience and comfort has attributed for the complete sold out status. The construction of the project is in full swing and is expected to be completed by March 2012, according to a company press release. On the new initiative, Vijay Gupta, CMD, Orris Infrastructure, said, “We are happy for the overwhelming response of the commercial division of Floreal Towers. In Gurgaon, the demand for office space is very high as it has become a favourite destination for the companies, be it national/multinational, and therefore we came with the commercial complex at Floreal Towers. We are hoping to deliver this division by 2012-end. After looking at the kind of response of the customers, we will be coming up with such projects soon in Gurgaon itself.” Floreal Towers is a premium commercial complex spread over a total area of seven acres. Set on the National Highway-8 in New Gurgaon, the green project has location advantage of Dwarka Expressway, proposed Metro station, ISBT and airport are within an arm’s reach. Artistically designed, the project offers world class infrastructural facilities like central air conditioning, 100 per cent power backup, 24

Tagged as: companies, customers, faridabad, floreal-towers, gurgaon, national, press, property prices, real estate, real estate companies, real estate developers, real estate trends, the-commercial

0 comments Read the full article →

Gurgaon Property Situation

by Paul Joseph March 8, 2011 Uncategorized

1. Gurgaon and Mumbai real estate , in line with the fourth quarter Asia Pacific real estate Digest by universal property consultant Jones Lang LaSelle, have appeared as peak destinations for housing investment in the nation. The residential real estate market in both the cities has observed 25-30% price amendment from their climax values that has eventually been valuable for the investors and the end-users. 2. DLF Ltd, the major recorded firm in India has augmented its stake in DLF assets by 91%. DLF has declared that solitary of its units has bought 245 million forcibly adaptable preference shares in DLF Assets from the private equity firm SC Asia Pvt Ltd. for Rs 3,085 crore or $696 million. The purchasing of shares from SC Asia is DLF’s pace towards shareholding consolidation of DLF Assets. 3. The property section of the Tata Sons Ltd has schemes to invest Rs300-400 crore to purchase terrains for housing real estate expansion in whole India. Surrounded by the monetary year of 2010, the Tata Housing would fetch two original housing projects in Gurgaon property . 4. The Emaar MGF is on the verge of invest Rs 500 crore for increasing a home mission for the mid income group. The investment on Gurgan property at Palm Hills in sector 77 is regarding Rs 500 crore exclusive of the price of the territory. 5. After seven extensive years, the Ansal schemes to response in the Gurgaon real estate region with its Rs 1,000-crore residential scheme in zone 67. The developer anticipates launching quite a few other go-getting plans by the end of 2010. The HDFC is financing 85% of the scheme while the developer would obtain the rest from the customers. Thus Gurgaon real estate properties have a burning importance at any corner weather it was construction pasture or investment facture.

Tagged as: ansal, cities, customers, eventually-been, gurgan property, housing, investors, mumbai property, price, real estate, tata sons ltd, universal property

0 comments Read the full article →

Good News for SBI-Govt Supports its Teaser Rate Policy

by Paul Joseph February 28, 2011 Uncategorized

It’s a good news of SBI boss O P Bhatt as finally government went on his side on home loan issue after long rounds of meetings and discussions. There is a long-time conflicts of policy between RBI and banks specially SBI over “teaser rates”. RBI wants a clear policy about these flexible-rates loans and wants more capital set aside against loans. Now according to media reports, government has cleared its stand on this. Government official said these loans should be called “terraced” loans. These types of loans were previously offered by majority of banks to their customers. In these products, initially interest rates remains fixed, and then become flexible after a certain time. This results in increase in the amount of installments with time. Recent Economic Survey also supported business of these loans claiming them a “successful model”. Survey says that a number of people got their homes with these loans. Alone SBI sanctioned 28,000 such loans, amounting to be Rs. 3,273 crore. Several rival banks demanded RBI to check this approach of lending. With their protests against such loans, RBI came with rule that banks should set aside more capital in order to deal with potential defaulters. This move of RBI was only to discourage bankers. But government is not in accordance with RBI’s new ruling stating banks and financial institutions should get more freedom to introduce their products.

Tagged as: banking and finance, customers, home-loans, homes, property prices, real estate

0 comments Read the full article →

HM Constructions to Open Retail Chain in Bangalore

by Paul Joseph November 4, 2010 Uncategorized

HM Constructions, one of Bangalore’s leading real estate companies, will soon be opening one of its prime retail buildings in the heart of Bangalore’s shopping hotspots – Jayanagar IV Block. The shopping complex is expected to be operational in another 2-3 months time. For all the retailers, who are looking to set up their base in this locality, this complex can be a very viable option. Comprising Ground + three floors, HM Group is offering 15,500 sq ft of space in full or flexible floor plate options, thereby converting every sq ft to more footfalls per day relating to more business per day. Speaking to Property Pulse, Manjusri, DGM –sales & marketing, HM Group, said: “Visibility in a prime location is the key to success of any brand. In today’s times, the retailers are hard pressed with declining margins and high competition to offer the best to the customers, hence it becomes imperative to be present in the most happening business location. Understanding this need, HM has constructed a stand-alone building in Jayanagar, IVth block, which is considered as the heart of Jayanagar.” The key highlight of this retail destination is that it is located in a business street where every domestic, national and international brand would love to be. Right from jewellery brands to cosmetics, apparel to eating joints, electronics to books, one can find just everything in this retail hotspot.

Tagged as: chennai, constructions, customers, delhi, real estate, real estate india

0 comments Read the full article →