requirements

Land and Homes in India Attending an Open House

by Paul Joseph February 23, 2011 Uncategorized

As an unparalleled home buyer in India, You are likely to come across copious exceptional experiences. The procedure of acquiring your primary home can be exciting and scaring all at the equal time. At some stage in this method you may work among an India real estate agent who will make actions for you to inspect a range of houses for sale in the region that meet your requirements. You may as well have the occasion to attend open homes. If you have not at all focused an open house, you may not identify what to suppose. An open house offers numerous forthcoming purchasers with the occasion to outlook a real estate property in India that is intended for sale for the period of a window of occasion on a particular date. there are quite a few open houses being detained in the region where you desire to acquire on the identical day you may discover it helpful to carefully agenda your trips that day in order that you can take benefit of the occasion to attend as many as probable and discover what is accessible in the region before making a result. However, you should be ready for the detail that there are frequently a number of potential buyers who attend an open house and if the India real estate is extremely preferred in excess of one offer may be proposed on the property on the day of the open house. Consequently, if you are paying attention in the India property you should not wait in making an offer or you may find that it previously has a contract on it by the occasion you catch around to proposing an offer.

Tagged as: india, india real estate, property in india., real estate, region, requirements

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Allahabad Bank offers festive season rebate up to 1% on loans

by Paul Joseph September 2, 2010

NEW DELHI: State-owned Allahabad Bank today said borrowers will get an interest concession of up to 1 per cent on loans during the festival season, which it hopes will attract new customers. While the interest rebate offered by the bank on housing loans under the floating rate scheme varies from 0.25 per cent to 1 per cent, new borrowers taking out loans under the fixed rate scheme will get a concession of 0.50 per cent to 1.75 per cent for a limited period, Allahabad Bank said in a statement. At present, housing loans up to Rs 50 lakh at a floating rate are available at 10.25 per cent interest for a period of 15 years, while fixed rate loans of the same maturity and amount are available at 12.5 per cent. The announcement comes days after a few banks, including Punjab National Bank, launched a festival bonanza for their customers. PNB has offered floating home loans at a fixed rate of 8.5 per cent for three years. At the same time, Allahabad Bank has also reduced the interest rate on car loans for new vehicles by 1 per cent, it said. Under normal circumstances, the Kolkata-based lender provides car loans at an interest rate between 10.5 and 11 per cent. The saral loan scheme, personal loans for doctors and pensioners and housing loans for furnishing will also get a rebate of 1 per cent, it said. The concessional offer is valid from September 1 to December 31, 2010, it said. The special festival offer will encourage customers, especially from middle and lower income groups, to avail credit at reduced interest rates to fulfill their requirements during the festival season, it said. Meanwhile, Allahabad Bank has been conferred with the national award for excellence in MSE lending for 2009-10 instituted by the Ministry of Micro, Small and Medium Enterprises (MSME). The award was received by Chairman and Managing Director J P Dua from the President of India yesterday. The award reinforces the bank’s commitment and consistent contribution to overall economic development of the country through faster growth of MSMEs and other priority sectors, Dua said. Source: http://economictimes.indiatimes.com/personal-finance/loan-centre/home-loans/Allahabad-Bank-offers-festive-season-rebate-up-to-1-on-loans/articleshow/6475075.cms Filed under: Home loans Tagged: Allahabad Bank , Home loan interest rates

Tagged as: bank, chairman, country, home-loans, ministry, president, punjab-national, requirements

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Serviced apartments by Regaliaa Realty

by Paul Joseph June 25, 2010

Regaliaa Realty, a Chennai-based property developer with focus on luxury villas and residential apartments, is gearing up to make Homcourt, its serviced apartments offering a multi-city brand. Started two years ago in Chennai with just 11 serviced apartments, Regaliaa has now moved to Hyderabad by opening up a 27 unit serviced apartment at the upmarket Jubilee Hills area. “We have just entered the Hyderabad market. Along with this, we will be adding five more units to our existing Chennai facility to take the total number of serviced apartments in our kitty to 43,” said D Sudhakara Reddy, CMD, Regaliaa Realty. But, it seems just the beginning. “Over the next two years, we will add another 100 serviced apartments by expanding our presence to other cities such as Bangalore, Coimbatore and Pune. The proposed expansion will entail a capital outlay of Rs 15 crore,” Reddy added. Serviced apartments segment has witnessed a steady growth with increase in demand in the past few years, especially with the rise in the number of expatriate professionals now residing across various Indian cities. In addition to this, a steady rise in the number of domestic leisure travellers, too, has added to the growth, even as the growing IT/ITeS sector has contributed its might to this segment. Instead of owning its own facility, Regaliaa prefers to join hands with landowners, who can invest in creating new facilities. Homcourt then takes over the property on lease and does the interiors as per international specifications to meet the requirements of clients. “In addition to new facilities coming up in other cities, we are also looking for prospective sites in Chennai to put up two more serviced apartment complexes. We are keen to have one on OMR, Chennai’s IT corridor, and another near Sriperum budur, which has now emerged as a hub for automobile, telecom and electronics manufacturing. We have a few offers in hand and expect to finalise them soon,” Reddy said. Source : http://www.realtyplusmag.com/rpnewsletter/fullstory.asp?news_id=9137&cat_id=1 Filed under: Builders/ Developers , Chennai , New projects , Serviced apartments/offices Tagged: Chennai , Regaliaa Realty , serviced apartments

Tagged as: builders/ developers, chennai, cities, hyderabad, new-projects, number, requirements

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Ashiana plans retirement resort at Lavasa

by Paul Joseph June 21, 2010

Real estate firm Ashiana Housing is planning to foray into west India with Ashiana Utsav, ¬ a chain of retirement resorts. Recently, after setting up two retirement resorts in Bhiwadi and Jaipur, Ashiana has moved to western India to set up a 30-acre retirement resort in Lavasa with 475 units. Ashiana’s target is to bring retirement resorts to at least 10 locations by 2013. Ashiana will move to southern part of the country to explore the possibility of setting up retirement resorts in key cities of south India such as Chennai, Coimbatore, Kochi and Bangalore. It also intends to set up retirement resorts for senior citizens in other cities such as Mumbai and Pune. Already, a popular concept in the west, the trend of retirement communities is getting an acceptance in Indian market. According to the company, cities such as Pune, Mumbai suburbs, Goa, Kochi, Bangalore, Chennai, Hyderabad, Mysore and Coimbatore are the upcoming destinations for setting up retirement homes in the country. Vishal Gupta, joint managing director, Ashiana Housing, said, “We understand the problems senior citizens go through and that’s why we tried to give them each and every comfort, whether it’s about their leisure or about their important necessities. The business world has two coins – cash and experience; where most of the marketers focus on first cashing in on their product before giving the feel or the experience, Ashiana’s philosophy is somewhat different. Give the experience first, the cash will come later. This is the mantra of Ashiana group giving coveted experience to their customers.” The resorts are planned keeping in mind the requirements of senior citizens. It caters to various needs of the residents like wheel chair-friendly campus, security, social, medical, spiritual and recreational facilities besides club, swimming pool, badminton court and gymnasium. It also includes an activity centre surrounded by the lush green lawns, convenience store, library, TV hall, internet café, auditorium, card room, hobby rooms and table tennis room. The interiors of the units are also specially designed to cater to the needs of the senior citizens. Emergency switches at different places, in-built night lamp, smooth corners, matt finish and anti-skid tiles within the units are just some of the unique features. The bathrooms are specially equipped with gab rails, and arthritis-friendly handles. The USP of Utsav Retirements Resorts is that they are managed and maintained by inhouse facility management arm of Ashiana Group to ensure every best possible comfort to the residents. Doctors, taxi, drivers and maids are available on call. Source : http://www.realtyplusmag.com/rpnewsletter/fullstory.asp?news_id=9092&cat_id=1 Filed under: Bangalore , Builders/ Developers , Chennai , Cochin , Coimbatore , Hotels/ resorts Tagged: Ashiana Housing , Bangalore , Chennai , Coimbatore , Kochi , Lavasa , Resort

Tagged as: bangalore, chennai, coimbatore, experience, hotels/ resorts, kochi, requirements, swimming-pool

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Situation of Chandigarh real estate

by Paul Joseph June 8, 2010

Being an ordered city with a lot of aristocratic localities, Chandigarh is the city of disciplined citizens that the tourist obtains surprised through its style and constitution, itself. There is no other city seeing that Chandigarh – the capital metropolis of Punjab and Haryana. Populace tries to find the preferred abode in stylish regions of Chandigarh . The city is packed with administrators and officers. It is a major business-center also. Therefore, people have money-power to buy the best available residence for them. The IT zone is also flourishing and latest companies are impending to set up their district and headquarters in Chandigarh. All these aspects have derived to the boost in require of superior real estate in Chandigarh . The real estate is obtainable at excessive cost since the accessibility is squat and insist is reasonably elevated. Concerned people seek much loved region in dissimilar district to craft them. Properties in Chandigarh are also imminent in a giant mode and innovative classy territories are figuring to set up the colonists from other regions. These high-class vicinities are furnished in the midst of all the most modern services within the attainment of citizens dwelling in that area. A few are sky rocketing buildings, and additional are person cottages. Residences are entirely equipped and as stated by the peoples’ alternative. Consequently, they are invasion by the populace directly. There are a lot of developers who are looking out of the requirements of customers and appearing with sky- kissing buildings and crafting snobbish surroundings by way of fully built up vicinity. People in Chandigarh and appearing from further areas obtain concerned to these real estates right away.

Tagged as: chandigarh, chandigarh property, real estate, requirements

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Situation of Chandigarh real estate

by Paul Joseph June 8, 2010

Being an ordered city with a lot of aristocratic localities, Chandigarh is the city of disciplined citizens that the tourist obtains surprised through its style and constitution, itself. There is no other city seeing that Chandigarh – the capital metropolis of Punjab and Haryana. Populace tries to find the preferred abode in stylish regions of Chandigarh . The city is packed with administrators and officers. It is a major business-center also. Therefore, people have money-power to buy the best available residence for them. The IT zone is also flourishing and latest companies are impending to set up their district and headquarters in Chandigarh. All these aspects have derived to the boost in require of superior real estate in Chandigarh . The real estate is obtainable at excessive cost since the accessibility is squat and insist is reasonably elevated. Concerned people seek much loved region in dissimilar district to craft them. Properties in Chandigarh are also imminent in a giant mode and innovative classy territories are figuring to set up the colonists from other regions. These high-class vicinities are furnished in the midst of all the most modern services within the attainment of citizens dwelling in that area. A few are sky rocketing buildings, and additional are person cottages. Residences are entirely equipped and as stated by the peoples’ alternative. Consequently, they are invasion by the populace directly. There are a lot of developers who are looking out of the requirements of customers and appearing with sky- kissing buildings and crafting snobbish surroundings by way of fully built up vicinity. People in Chandigarh and appearing from further areas obtain concerned to these real estates right away.

Tagged as: chandigarh, chandigarh property, chandigarh real estate, real estate, requirements

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Iconic Tower could be fully Residential

by Paul Joseph May 24, 2010

After several failed attempts to lease out its six-acre Wadala plot for an iconic tower, the Mumbai Metropolitan Region Development Authority (MMRDA) has tweaked tender conditions, which industry sources say, may help it fetch a record price when bids are opened on Tuesday. With a reserve price set at Rs 1,980 crore and a deferred payment schedule spread over five years with a 10% interest annually, the MMRDA’s tender has suddenly generated a lot of interest among Mumbai’s leading developers. Till Friday, almost a dozen real estate companies had purchased the tender document. In 2006, Reliance Industries had paid over Rs 1,100 crore for a plot (18 acres) in the BKC. So, what makes this land—which had no takers till recently—turn into hot property? Although earlier earmarked for a mixed-use tower (commercial and other use) for which not many showed any interest, the MMRDA recently said the winning bidder could now even set up an entirely residential project. Further, the authority also permitted construction of multiple towers instead of a single tall skyscraper. “With a 100% residential potential, it would not be a surprise if it turns out be the largest land deal in the city,” claimed a builder, adding that there will be more takers for residential than commercial. The Wadala plot has a development potential of close to 60 lakh sq ft. It was initially planned as a 101-storey commercial tower, but the MMRDA had to scale it down after it found no takers, besides facing objection from the civil aviation department. MMRDA will lease out the 25,000 sq m Wadala land for 65 years to the highest bidder. According to the tender document, the land could be used for commercial offices, business centres, shopping malls, star hotels and restaurants, entertainment centre, health, sports facilities and residential. The maximum permissible height of the building shall be subject to limitations, if any, set out from time to time by the civil aviation department. Subject to the provisions of the BMC Act, the allottee will have full discretion to organise inner spaces, both horizontally and vertically, to suit his requirements,” it said. The plot is situated near the inter-state bus terminal in Wadala and falls along the upcoming monorail line between Jacob Circle and Chembur via Wadala and is close to the Eastern Express Highway. Firms having an annual turnover of Rs 500 crore will be allowed to participate in the auction.

Tagged as: city, mumbai, real estate, real estate developers, real estate india, requirements

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Ashiana Housing to Mark Big Presence in South India

by Paul Joseph April 20, 2010

With the success of its Utsav brand of retirement resorts in northern parts of the country, Ashiana Housing Ltd is now taking the concept down south. The real estate company has identified around seven locations in South India for setting up retirement homes after a survey and will start operations in four places soon. “We will start with Bangalore, Chennai, Hyderabad and Kochi and move to other locations like Coimbatore, Mysore, Vizag later,’’ Mr Ankur Gupta, executive director, told ET. At present, Ashiana Housing has Utsav retirement resorts at Bhiwadi, Jaipur and Lavasa with over 750 functional apartments. The company is targeting ten locations by 2013 and a total of 1300 units by 2013 with an outlay in the range of Rs 75 to 100 crore. Apart from South India, the company is looking at Mumbai, Pune and Kolkata as well. Mr Gupta said the company is in discussion with local land bankers and developers for joint ventures in key locations in South India. The size of the projects would range from 10 acres to 30 acres. “ We will bring in our expertise in construction and post maintenance in the construction,’’ he said. The resorts have been designed keeping in mind the requirements of the senior citizens and have facilities for social, medical, spiritual activities and recreation. To make life easier for old people there are emergency switches at different places, big sized switches in red colour, inbuilt night lamp, anti skid tiles and bathrooms equipped with arthritis friendly handles, Mr Gupta points out. Ashiana Housing, which also does regular housing projects, has completed 90 lakh sq ft in the last 30 years. Almost 55 to 60 % of its total projects, in fact, belong to the regular housing category while the rest is accounted by the retirement resorts, which was started by the company around six years ago. In the next 2 to 3 years, the company wants 50 % of its projects in the Utsav category. The company is expecting an investment in the range of Rs 350 to 400 crore in the real estate sector in the next five years as the prices have stabilized and the realty sector is looking up. It has targeted Rs 250 crore turnover in the current year with increased thrust on the housing sector.

Tagged as: construction, country, housing, range, real estate, requirements, south-india

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Ashiana Housing to Mark Big Presence in South India

by Paul Joseph April 20, 2010

With the success of its Utsav brand of retirement resorts in northern parts of the country, Ashiana Housing Ltd is now taking the concept down south. The real estate company has identified around seven locations in South India for setting up retirement homes after a survey and will start operations in four places soon. “We will start with Bangalore, Chennai, Hyderabad and Kochi and move to other locations like Coimbatore, Mysore, Vizag later,’’ Mr Ankur Gupta, executive director, told ET. At present, Ashiana Housing has Utsav retirement resorts at Bhiwadi, Jaipur and Lavasa with over 750 functional apartments. The company is targeting ten locations by 2013 and a total of 1300 units by 2013 with an outlay in the range of Rs 75 to 100 crore. Apart from South India, the company is looking at Mumbai, Pune and Kolkata as well. Mr Gupta said the company is in discussion with local land bankers and developers for joint ventures in key locations in South India. The size of the projects would range from 10 acres to 30 acres. “ We will bring in our expertise in construction and post maintenance in the construction,’’ he said. The resorts have been designed keeping in mind the requirements of the senior citizens and have facilities for social, medical, spiritual activities and recreation. To make life easier for old people there are emergency switches at different places, big sized switches in red colour, inbuilt night lamp, anti skid tiles and bathrooms equipped with arthritis friendly handles, Mr Gupta points out. Ashiana Housing, which also does regular housing projects, has completed 90 lakh sq ft in the last 30 years. Almost 55 to 60 % of its total projects, in fact, belong to the regular housing category while the rest is accounted by the retirement resorts, which was started by the company around six years ago. In the next 2 to 3 years, the company wants 50 % of its projects in the Utsav category. The company is expecting an investment in the range of Rs 350 to 400 crore in the real estate sector in the next five years as the prices have stabilized and the realty sector is looking up. It has targeted Rs 250 crore turnover in the current year with increased thrust on the housing sector.

Tagged as: bangalore, chennai, country, housing, india, range, real estate, real estate india, requirements, south-india

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Ashiana Housing to Mark Big Presence in South India

by Paul Joseph April 20, 2010

With the success of its Utsav brand of retirement resorts in northern parts of the country, Ashiana Housing Ltd is now taking the concept down south. The real estate company has identified around seven locations in South India for setting up retirement homes after a survey and will start operations in four places soon. “We will start with Bangalore, Chennai, Hyderabad and Kochi and move to other locations like Coimbatore, Mysore, Vizag later,’’ Mr Ankur Gupta, executive director, told ET. At present, Ashiana Housing has Utsav retirement resorts at Bhiwadi, Jaipur and Lavasa with over 750 functional apartments. The company is targeting ten locations by 2013 and a total of 1300 units by 2013 with an outlay in the range of Rs 75 to 100 crore. Apart from South India, the company is looking at Mumbai, Pune and Kolkata as well. Mr Gupta said the company is in discussion with local land bankers and developers for joint ventures in key locations in South India. The size of the projects would range from 10 acres to 30 acres. “ We will bring in our expertise in construction and post maintenance in the construction,’’ he said. The resorts have been designed keeping in mind the requirements of the senior citizens and have facilities for social, medical, spiritual activities and recreation. To make life easier for old people there are emergency switches at different places, big sized switches in red colour, inbuilt night lamp, anti skid tiles and bathrooms equipped with arthritis friendly handles, Mr Gupta points out. Ashiana Housing, which also does regular housing projects, has completed 90 lakh sq ft in the last 30 years. Almost 55 to 60 % of its total projects, in fact, belong to the regular housing category while the rest is accounted by the retirement resorts, which was started by the company around six years ago. In the next 2 to 3 years, the company wants 50 % of its projects in the Utsav category. The company is expecting an investment in the range of Rs 350 to 400 crore in the real estate sector in the next five years as the prices have stabilized and the realty sector is looking up. It has targeted Rs 250 crore turnover in the current year with increased thrust on the housing sector.

Tagged as: bangalore, chennai, construction, country, housing, range, real estate, real estate india, requirements, south-india

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