space

Even more Space in 2012

by Paul Joseph January 6, 2012 Uncategorized

To celebrate the New Year we decided to offer you more space for your precious media. Our previous space upgrade levels have been increased without any additional cost for you as follows: 5GB → 10GB 15GB → 25GB 25GB → 50GB 50GB → 100GB 100GB → 200GB If you already subscribed to one or more of these upgrades ( yes, they are cumulative ), your total available space has been automatically updated as you can see in your Media Library. If you don’t have a Space Upgrade yet, or need to add more, the new levels have been implemented in the Store section of your dashboard. The Space Upgrade of course gives you more space to store your photos, and docs, but it also enables you to upload audio files, which makes it perfect for podcasts, MP3s, or any audio format. We don’t even limit your bandwidth, and we’ll keep your files as long as your blog exists. If you want to learn more about these upgrades, feel free to visit our  space upgrades support page . But wait, there’s more… For those of you with a private blog, we lifted the previous limit of 35 users allowed to access it. From now on, you can add as many authorized users as you wish, from the Settings → Privacy section of the dashboard. We hope you’ll enjoy these new features, and we wish you and your WordPress.com site all the best for 2012!

Tagged as: domains, facebook, howto, january-6th, linkedin, space, stumbleupon, upgrade, wordpress.com

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EWDL Plans to Raise Rs 500 crore through IPO

by Paul Joseph May 19, 2011

Indore-based Entertainment World Developers Ltd (EWDL), a leading mall developer in tier-II and III cities, plans to raise up to Rs 500 crore through an initial public offering (IPO) in the first quarter of FY13. The company has already filed a red herring draft prospectus (DHRP) with the markets regulator and will use the proceeds to develop more malls in smaller cities and towns, where demand for organised retail is growing rapidly. “We plan to hit the capital markets in the first quarter of the next fiscal. We have recently filed the DHRP, but we plan to have the public issue next year, by which time the company will attain a scale in terms of revenues and number of malls. We are looking at a 30 per cent dilution (of stake),” EWDL managing director Manish Kalani, said. The merchant bankers to the issue are ICICI Securities, Kotak Bank and Edelwiss, he said. The proceeds will be used for construction of ongoing projects and to buy back some of the convertible debt issued by a unit to funds run by ICICI Venture and Mumbai-based high-street mall developer Phoenix Mills, which owns a 40.3 per cent stake in the company. EWDL, which is also developing residential townships in smaller cities, plans to open 10 more malls by the end of this fiscal. Of these, five malls are under various stages of development and will open this calender year, EWDL CEO Arif Sheikh said. “We are doing extremely well in smaller cities due to our first-mover advantage and secondly, due to the 100 per cent lease model. The model is yielding good bottom-line for our retailers, whereas in the sale model, it adds to the top-line,” Sheikh said. EWDL is the only retail real estate developer in India that works on a 100 per cent lease model, meaning they only lease out and don’t sell the space, he added. The new malls will come up in Raipur, Jabalpur, Bhillai, Indore and Chandigarh with a total area under operation of 25 lakh square feet. At present, EWDL has three shopping malls, two in Indore and one in Nanded, with total area of 15 lakh square feet. The company devotes around 30-40 per cent of its total space in a mall for an entertainment and gaming zone, Sheikh said, adding that an area of around 1 lakh square feet has been used to set up a roller coaster in the upcoming mall in Raipur. With anchor retailers such as Big Bazaar, Max and Pantaloons, EWDL ties up with regional brands rather than national or international ones in smaller cities, which according them, is another reason why their malls have a good IRR of 27 per cent against the industry average of 19 per cent. The group is eyeing a consolidated revenue of Rs 700 crore in FY12 as against Rs 400 crore in FY11. It also plans to double its mall portfolio in the next 5 years.

Tagged as: convertible, entertainment, india, industry, manish-kalani, property prices, sheikh, space

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Tulip Ivory, Tulip Ivory Gurgaon

by Paul Joseph December 4, 2010 Uncategorized

Overview Tulip Ivory is a new residential project launched by Tulip Infratech at Sector 70 in Gurgaon. Tulip Ivory is an advantage for residential as well as corporates and facilities make life exuberant, convenient and joyful. The Place is not only dotted with multinational companies and the best abodes besides has several leisure spots, Bird sanctuary, Recreational arcades, Hi-tech resorts, Enticing amusement parks, Five star hotel and much more. Tulip Ivory offers 4/5 Bedroom Apartments. Inspired by the powerful connotations associated with the word SPACE, Tulip IVORY presents presents state-of-the-art homes that multiply the pleasure of living experience. IVORY Homes are an embodiment of grandeur and style offering the means to live the way one has always wished or might have seen in dreams. The homes have deliberately been made spacious to allow you to apply creative instincts to adorn it in your own style as it is often observed that space acts a constraint. With this thought in mind, we at Tulip Infratech concentrated our efforts to deliver homes that symbolize space and the splendor attached with it. Tulip IVORY homes are adorned with all the modern amenities to make every moment joyous and comfortable. The location is carefully chosen to offer a green and healthy environment for you and your loved ones in order to make living an enriching experience and every single moment worth cherishing. The concept of space is applied in every respect be it a big living hall or a lavish bathroom to start your day with. Due consideration is given while designing the Kitchens as it the area where women spend most of their time. To enlighten their spirits, kitchens offer a blend of substantial breathing space and style to serve the needs of modern day women so that they enjoy the art of cooking. Features Tulip Ivory Homes at Sohna Road Sector 70 Gurgaon offer an ideal abode as the city is well connected to all the relevant places that one needs to go or access in his daily routine whether it is an office, schools, shopping complex, amusement parks, fitness centre, Hospital, etc. Tulip Ivory Homes presents a perfect combination of Connectivity and ample space to enrich the living experience. Location Highlights Located at Sector 70, Sohna Road, Gurgaon. 20 minutes from IGI and Domestic Airport. Easy approachability from NH-8. Proposed metro link is just 300 meters away. 60 meters wide approach road.

Tagged as: city, daily, homes, modern, new-residential, space, time

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The demand of properties and the growing real estate sector in Delhi

by Paul Joseph December 1, 2010 Uncategorized

Delhi is the country’s capital and this is one of the major reasons that it continues to draw a large number of real estate investments. These investments are never ending here despite reaching its prime stage in the real estate sector. At present Delhi real estate offers most buyers with world class commercial and residential property . The residential properties here include apartments and bungalows in Delhi and nearby areas. The commercial market in Delhi includes retail space, builder floors and malls and other similar constructions. The cost of these apartments and flats vary based on the area, the space required and other similar considerations. The same is applicable for the commercial properties here and usually they area leased out for a number of years, instead of being sold. The approximate capital and rental values of apartments are determined on the kind of construction and the plots for various localities. The real market in Delhi has seen a steep and fast paced growth in the past few years. Basically this trend has resulted in an increase in property prices across the country. The real estate sector in Delhi real estate includes the nearby areas of Noida and Gurgaon, which are also known as its satellite cities. The entire Delhi area has thus become a major attraction for both builders and investors. Also the scope of expansion in these nearby cities has also increased the number of dwellers and investors here. The scope of expansion of real estate in these areas has led to reduced price rates in the city too. Other factors that have made the real estate industry in Delhi reach its new peak include the newly renovated International airport, the Metro rail, plenty of five star hotels, and other similar world class luxury services. Apart from this the standards of residential and commercial properties have also been at par with international levels. Being the capital of the country, there had never been a dearth of constructions of offices here. However the scope of expansion in the residential area has led to increased expansion in the commercial sectors too. Hence there are many new multinational companies setting up their offices here along with a number of other commercial establishments in Delhi. The commercial sector expansion has also spread to the cities of Noida and Gurgaon. The Delhi residential scenario has witnessed an increase in luxury flats, apartments and homes, which can be availed at affordable price. The investment options in the city have also improved and these include foreign investors, NRI’s and multinational companies. One can get loans for residential purposes much easily as compared to earlier times. Apartments and flats can now be availed at great discounts along with benefits of EMI and other related facilities. Hence the real estate sector for commercial and residential properties in Delhi continues to boom. The growth of this sector has been a vital aspect for the economical development of this region also.

Tagged as: estate-industry, real, space

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Vatika Next Town Square Sec 82 A Gurgaon

by Paul Joseph October 30, 2010 Uncategorized

Now these days Gurgaon is a first choice for the property investors and those who wants a dream home in Delhi/NCR. So, there are lots of builder launching their property in Gurgaon for residential and commercial projects. Vatika Group is one to the top real estate developers in Gurgaon with real estate and hospitality development and facilities management interests. Over the years, the Group has built an impressive portfolio of projects that span corporate and residential complexes, resorts, five star hotels, restaurants, business centres and fitness outfits. Now Vatika Group launched a new commercial project with retail space and office space named “The Next Town Square”. Next Township will figure an essential centre of actions for the nearby communities on top of a major destination for the wider region. The expansion of just about 22,000 sqm comprises of a latest vibrant town square where 9,000 sqm retail shops and 13,000 sqm office spaces will liven up the character of the open space and provide a sense of security by being overlooked. A ‘beehive’ of small retail shops at ground and first levels is formed around sheltered walkways that lead from the prime streets to the new town square. Highlights of this project · Located at Sector 82 A new India Next Township · Price starting from Rs 4875970 · Project Area 450 Acres · Possession by 2013 · Min 513.26 Sqft · Max 5821.17 Sqft Type——————Size(Sqft)————-Price PSqft(Rs)—–Amount(Rs) Retail( GF )———-513.26 – 1766.19——9500 – 14000——4,875,970.00 Retail( FF )———–511 – 1135.06———6250 – 8200——-3,193,750.00 Office Space( SF )—4100.37 – 5821.17—–6000————–2,46,02,220

Tagged as: group, india, office-space, over-the-years, price, project, real estate, space

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Tata Housing Ventures into Chennai Affordable Housing Segment

by Paul Joseph October 27, 2010

Tata Housing – the well known real estate developers for all target segments has now ventured in to Chennai’s residential real estate market. The investment is in the tune of Rs.2,000 crores and the group will be developing about three to four million square feet land in few years. The company is in talks with various state government bodies to promote affordable housing projects with Public Private Partnership (PPP) model. Addressing a Press Meet Tuesday Mr Brotin Banerjee – Managing Director and Chief Executive Officer of Tata Housing Development Company Limited said that the proposal includes the companies flagship project Crescent Lake – an integral Township Project, disseminated over an area of 25 acres of land at Oragadam which is considered as the industrial hub of Tamil Nadu. The cost range of each flat would be around Rs. 14 lakhs – 35 lakhs with the whole project estimated at Rs. 650 – Rs. 750 Crores. The phase I, which would comprise of 960 apartments with six high rise towers offering 1, 2 and 3BHK with a minimum of 570 sq ft to the maximum of 1,406 sq ft. The cost would range from Rs.2, 500 per sq ft. Phase ll would have rows of houses and 3 and 4 BHK. THDCL is also planning to take up two more home township projects in Chennai with 40 – 50 acres, where the space would be priced around Rs.6.5.lakh – Rs.35 lakh, viewed as a premium project in Chennai city. The company is also planning to tie up with local land owners in developing few projects in Chennai. Apart from Chennai, the company is also planning to develop a residential project at Hyderabad in 30 acres of land. THDCL would also set joint ventures with land owners for few up coming projects. THDCL has already signed two MoU with the Assam Government to create commercial development in the state. The first MoU is with the Department of Industries and Commerce of Assam for creating commercial space which including business parks and IT buildings. The second MoU is with Guwahati Metropolitan Development Authority (GMDA) for developing a township and other infrastructure projects under the PPP model.

Tagged as: banking and finance, chennai, chief-executive, delhi, department, industrial, industries, space

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Chennai developers eye on the Housing Board colonies for redevelopment

by Paul Joseph September 15, 2010

The housing board colonies seem to be the hot favourite among the developers in Chennai. Lack of open plots for developing the housing stock in the area, mainly in Chennai and other major parts in the state, redevelopment of the old TNHB apartments seems to be the increasingly popular and feasible option for the developers here. Since last 50 years the Tamil Nadu Housing Board (TNHB) has promoted constructed various colonies but due to lack of proper maintenance, the building here, have falling balconies, leaking toilets and walls with seepage. Most of the owners of these apartments are elderly people mostly the retired government servants. Mostly all these building are in the major need for repairs or redevelopment. Most of these colonies are in prime locations and abut roads that are at least 60 ft wide. They also have the best of transport, drinking water, sewerage and drainage facilities. Being the Housing Board colonies, these properties have clear title deeds and are free from litigation. Along with these apartments, the board also developed satellite townships at various locations that included apartments, row houses, duplexes, large group housing and also housing plots with big bungalows catering to low income groups (LIG), middle income groups (MIG) and high income groups (HIG). Due to the reasons above, the developers are attracted to TNHB buildings for one more main reason that most of them have consumed hardly 1 FSI (Floor Space Index ) where as now, as per the new development regulations of Chennai Metropolitan Development Authority (CMDA), 1.65 FSI is achievable. Wherever premium FSI is applicable, the builder can go up to 2.1 FSI. The flat owner gets a bigger apartment (1.5 times to two times the size of the original), some cash in hand and a rent-free apartment to stay till the project is completed. The builder manages a minimum profit of Rs 50 lakh when he re-develops a project with an undivided share of land (UDS) of one ground (2400 sq ft.) Source: http://www.accommodationtimes.com/real-estate-news/chennai-developers-eye-on-the-housing-board-colonies-for-redevelopment/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+AccommodationTimes+%28Accommodation+Times%29 Filed under: Builders/ Developers , Chennai , New projects Tagged: Redevelopment in Chennai

Tagged as: city-trends, developers, development, project, space

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Office Space Required – NCR

by Paul Joseph September 14, 2010 Uncategorized

Prospects of the commercial real estate have started looking up along with the residential real estate market, as the economy gathers steam – it has shown a spectacular recovery from the downturn, when the GDP dipped to 6.7% in 2008-09. According to the Centre for Monitoring Indian Economy (CMIE), the GDP is expected to grow by 9.2% in 2010-11 as compared to 7.4% growth seen in 2009-10. Experts feel that with revival of the economy, demand for office space is bound to pick up. With a large number of players entering the market, the supply is also likely to go up even as connectivity through road and Metro networks in the NCR shows a vast improvement – this will further allow a huge amount of additional land in far-flung areas to be opened up for development of office space. A demand for office space means the creation of new jobs. This will also augur well for the demand for residential real estate in the region. The strong recovery of the economy made realty buoyant. The office segment was especially impacted by the global economic downturn, with most organizations putting their expansion plans on hold, and in a few cases, even giving up surplus space. In a report, Colliers International says, the markets are more rational now with enhanced demand managing to halt the value decline. In fact, in 2007 and early part of 2008, many of the companies engaged in business processes outsourcing (BPO) moved out some of their operations to countries like Malaysia and the Philippines, where the running cost of a business was not high. The global slowdown brought the real estate prices in India, particularly in NCR, to realistic level. At present, most micro markets seem to have adequate to oversupply conditions and values are expected to remain stable or marginally under pressure (in select micro markets) in the short to medium term, Colliers International report says.Global consultancy firm C B Richard Ellis also said in its report that after the gloom of later-2008 and early-2009, the second Quarter (April-June) of 2010 closed with a sense of optimism. Increased demand levels coupled with substantial infrastructural developments in the NCR are likely to benefit the overall real estate market. The rentals of office space have started firming up. Anshuman Magazine, MD of C B Richard Ellis (South Asia), says: “Since the beginning of 2010, we have seen movement in the real estate sector, including the office segment. Demand levels have improved across most metros and the markets are more rational now. There is an improvement in transaction velocity as well.”In its report, Colliers International says that rentals for Grade A office space across all central business districts (CBDs) like Cannaught Place, and secondary business districts (SBDs) like Nehru Place, Rajendra Place, Bhikaji Kama Place, witnessed an increase of 2-3% during April-June 2010, as against the same period last year. It said that the second quarter of 2010 demonstrated clear signs of revival in the CBD with vacancy levels dipping to 3-4% compared to 13-14% observed in January-March 2010 for Grade A projects. The absorption was primarily driven by firms in the BFSI (Banking, financial services and insurance) segment, the report said. However, no significant transaction was reported in the SBD of Nehru Place. Approximately 80,000 sq ft of Grade A secondary space became available in these markets. Going forward, Colliers International says that lack of quality space in the CBDs might shift demand to SBDs, which could change the prospects of SBD markets for the better. This could also augur well for office leasing activity in the district centres. Jasola District Centre in particularly, which is emerging as alternate corporate office destination, witnessed absorption of approximately 30,000 sq ft in the last quarter. But, due to huge supply, rentals in the outskirts remained stable in the second quarter. The report pointed out that new supply of approximately 1.2 million sq ft was added to Gurgaon’s and Noida’s existing inventory.The peripheral market of Gurgaon witnessed increased level of transaction. The report said the positive outlook coupled with availability of highquality projects at affordable rentals and flexible lease terms, led to the enhanced transaction velocity. Noida also observed improved level of transactions. Rental values remained constant and are expected to remain stable in the near future. Gurgaon Over 8.5 million sq ft of Grade A office space was ready for fit-outs in Gurgaon in 2Q 2010. Most of this supply was concentrated at National Highway 8/Udhyog Vihar, followed by Golf Course Road/Extension, Sohna Road and Manesar.Approximately 60% of this available supply was in the form of IT/ ITeS office space Projects or parts of projects completed in this quarter in Gurgaon include Unitech Business Zone; a non-IT office space at Golf Course Extension Road and Bestech Orient Business Tower; an IT building on NH 8. Both these projects contributed approximately 0.8 million sq ft to the city’s Grade A office space Capital values for non-IT office space witnessed an increase in the range of 2-4% quarteron-quarter in most of the micro markets in Gurgaon. However, capital values for IT/ITeS office space remained stable across all the micro markets Following the capital value trends, rentals for non-IT Grade A office space in areas like MG Road, Golf Course Road/Extension, Sohna Road and NH 8/Udhyog Vihar observed an increase in the range of 3-5% quarter-on-quarter. However, rentals for IT/ITeS office buildings remained stable over the previous quarter, due to large available supply Noida More than 5.5 million sq ft of Grade A and Grade B office space was available for fit-outs in Noida during 2Q 2010. Over 70% of this supply was IT/ITeS office space. Approximately 85% of this total available stock was contributed by Institutional sectors like Sector 16-A, 62, 125 and 142. The remainder was primarily Grade B IT/ITeS office supply concentrated in industrial sectors Projects or parts of projects witnessing completion this quarter include Tower C and D of Express Trade Tower building at Sector 132 along Noida Expressway. This contributed approximately 0.4 million sq ft to city’s Grade A IT/ITeS office space Two new projects were launched in Noida this quarter: Capital City at Sector 94 on Expressway, and World Trade Tower at Sector 16 on Delhi-Noida-Delhi Toll Bridge, by BPTP and Electrotherm Developers, respectively Rental for IT/ITeS office space remained stable QoQ in most of the micro markets. However, rentals for Grade A non-IT office space in institutional sectors like Sectors 62, 125, 142 and 16A, increased marginally in the range of 2-4% QoQ Vacancy for both IT/ITeS and non-IT/ITeS office space decreased marginally Source: http://content.magicbricks.com/office-space-required-ncr?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+india-real-estate+%28Magicbricks+Property+Pulse%29 Filed under: Delhi , Serviced apartments/offices Tagged: Gurgaon , NCR , Noida , Office Space

Tagged as: gurgaon, noida, office-space, quarter, range, space

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Affordable houses in Sanand

by Paul Joseph September 8, 2010 Uncategorized

The bullish realty market has rendered dream homes in Ahmedabad just that — a dream — for people belonging to the middle-income group. But there’s hope, if they look towards Sanand. Seven to eight developers from the city are planning schemes in Sanand town to provide affordable housing to the middle-income group, said sources in the realty sector. The three town planning schemes announced in Sanand has increased the scope to build houses for the middle-income group. Developing Sanand Popular Group is one of the major developers eyeing Sanand. The group is launching an 800-unit residential township in Sanand. The project will be spread over 3.6 lakh sq feet. The township will have two- and three-bedroom hall kitchen (BHK) apartments. CMD of Popular Intrabuild Pvt Ltd, Virendra Patel said, “Right now, we are working on projects worth Rs 500 crore. We are building a residential luxury apartment in Gota, a high-end scheme opposite Rajpath Club and a residential township in Sanand. Most of the money is being invested in the township.” Same budget, more space “WITH LAND prices in Ahmedabad touching the sky, Sanand is the only affordable option left for developers. This enables the builder to pass on the same benefit to the buyers,” said Patel. Realty experts opine that middle-income group should look at Sanand as an option.A 2-BHK house would cost Rs 25 lakh-30 lakh in Ahmedabad. But the same budget can fetch a 3-BHK house in Sanand.CEO of Space Management Ltd, Hitesh Shah said, “Property prices are on an all-time high right now. This has forced buyers to either wait for a correction in the realty market or invest in projects in Sanand, which is a bit far from the city.” Bopal not an option TILL NOW, buyers looked at Bopal for affordable homes. “However, the Urban Development Department’s decision to interchange the zonal specifications forced property prices up by 10 to 15 per cent. “This has compelled buyers to look beyond Bopal,” said Shah. Another developer, on condition of anonymity, said he will soon launch a scheme offering 2,000 to 4000 houses on a 200-acre land near Sanand.He said “Many industries plan to establish their businesses here. There is greater scope for development here. Also, houses will always be in demand.” More Schemes MD OF b-Safal Group Rajesh Brahmbhatt is also planning a residential scheme between Ahmedabad and Sanand.“In the near future, this stretch will be the only option left for people in the middle-income group. Therefore, we are looking at a mixed development project for both middle- and high-income groups.” Source: http://content.magicbricks.com/affordable-houses-in-sanand?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+india-real-estate+%28Magicbricks+Property+Pulse%29 Filed under: Ahmedabad , Builders/ Developers , New projects Tagged: affordable housing , Ahmedabad , Bhopal

Tagged as: affordable housing, ahmedabad, builders/ developers, city, new-projects, realty, space

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MIDC wants slum rehab benefits, too

by Paul Joseph August 23, 2010 Uncategorized

The Maharashtra Industrial Development Corporation (MIDC) wants to jump on the housing development bandwagon. With an aim to rehabilitate encroachers on MIDC land, the corporation has sought powers similar to that of the Slum Redevelopment Authority (SRA). According to sources, the corporation would seek extra floor space index (FSI) of 4 from the state government to rehabilitate illegal slum dwellers on its land in Mumbai, Thane, Kalyan-Dombivli and Pimpri-Chinchwad. The MIDC has recently passed a resolution on redevelopment of slum dwellers who encroached its lands at Wagle Estate in Thane and the TTC area in Navi Mumbai. With the power conferred by the provision of the Maharashtra Regional Town Planning (MRTP) Act, the MIDC has prepared an SRA scheme for these lands. According to the Act, the corporation is a special planning authority. It has invited suggestions and objections from the public for implementation of the scheme. “After considering the suggestions and objections, the proposal will be sent to the government for approval,” stated Mohan Thombare, joint chief executive engineer (IT) of MIDC in the notification issued. Meanwhile, Kshayrapti Shivaji, CEO of MIDC, said: “The corporation is removing the encroachments on its land according to the government’s instructions.” Sources say that MIDC lands in Thane and Marol in Andheri have been encroached and this scheme can open up the space for construction. For instance, 52 acres of land in Wagle Estate has been encroached illegally. Given the space crunch in the city, this is prime real estate and will be eyed by most big development firms. But BJP corporator Ashish Shelar is sceptical: “It can prove to be a bonanza for private developers. But what happens to the city? It will have to face more problems to get better infrastructure.” According to the corporation, this scheme would be open only for those who have pre-1995 structures. The additional FSI has been sought to provide an incentive to builders to build free homes in exchange of flats for commercial sale. Source: http://www.dnaindia.com/mumbai/report_midc-wants-slum-rehab-benefits-too_1427315 Filed under: Mumbai , Navi Mumbai , New projects Tagged: Kalyan-Dombivli , MIDC , Mumbai , Navi Mumbai , Slum Rehabiliation , Thane

Tagged as: development, government, maharashtra, mumbai, space

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