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Vinod Behl
NOIDA: HOT DESTINATION FOR AFFORDABLE HOUSING

Identifying the latent demand for value homes and aided by the favourable policies of the state government, developers in Noida have turned Noida into a hot destination for affordable/midincome housing with a multitude of projects, offering quality homes with premium features at highly competitive rates.

Currently, about three dozen projects of different builders are offering affordable/mid-income housing in Noida and Noida Extension. These include Eldeco Sharnam, Unitech’s UniHomes, Jaypee Green’s Kensington Boulevard, Kasa Isles, Amrapali’s Leisure Valley, Princely Estate and Zodiac, Purvanchal Royal Park, Gardenia Golf City, Patel Neo Town, Vasundhara Island, Panchsheel Greens, HR Buildcon’s Elite Homes, Ajnara Homes, Arihant Arden, Morpheus Green, Today Homes Ridge Residency, Prateek Wisteria, Sethi Group’s, Max Royal Logix Group’s Blossom County, Paramount Floraville, Earth Towne, SDS Infratech’s NRI Residency, Exotica Dreamville, Devika Gold Homz, The Hyde Park, Antriksh Golf View, Homz 121 and Vivante from Gulshan Homz, Supertech’s Eco Village, RG Residency, 3C’s Lotus Panache & Boulevard, Paras Tierea, Mahagun Moderne & Sikka Karmic Greens.

These projects have premium features like vast green and landscaped areas, vaastu friendly homes, club, pool, health club, spa, gym, banquet hall, yoga centre, indoor and outdoor games, shopping, round-the-clock security, jogging track, theme gardens, kids play area amphitheatre, fast food, dining restaurants,

library, business lounge, bank ATMs, Chemist, Day Care, laundry services, taxi on call, beauty saloon, internet connectivity, power back-up, uninterrupted water supply, and car park.

A Knight Frank research reveals that preferred amenities of home buyers include uninterrupted water supply, high level of security, power back-up, fi nishing, gym/spa, swimming pool, quality interior fi xtures, club house, multipurpose hall and modular kitchen.

But then some of the developers have gone beyond this to provide special features/amenities. Prateek Group has gone in for multiple amphitheatres and skating rink in its project – Prateek Wisteria. Panchsheel has a provision for service apartments for guests and convenient

walking ramps for the physically challenged. Gulshan Homz is introducing what it claims is India’s fi rst X-Game Zone in its project, Vivante. Supertech promises artifi cial party beach. Gulshan Homz-Ajnara joint venture – Homes 121 - will be equipped with stretcher lifts and toilet for the physically handicapped, besides having provision for natural piped gas.

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Cover stories of last issues
SENIOR LIVINGHOT NICHE HOUSING TREND

The niche concept of senior living or post-retirement living has really evolvedover the last few years. And today more and more real estate companies are engaged in developing retirement communities and increasing number of senior citizens are opting for such residential developments that promise independent, secure, dignified and productive lifestyle. By Vinod Behl

CELEBRATING EXCELLENCE

THE REALTY PLUS CONCLAVE & EXCELLENCE AWARDS 2010 PROVED TO BE AN IDEAL FORUM FOR THE INDUSTRY CAPTAINS TO DISCUSS THE CURRENT SCENARIO AND HONOUR THE ACHIEVERS.

HOT TRENDS IN REAL ESTATE

The real estate slowdown has resulted in property developers redrawing their business strategies. And there are several signifi cant trends that mark the current real estate scenario. Realty Plus lists 10 hot trends that are set to shape the real estate in the coming years. By Vinod Behl

PUNE- RESURGENT REALTY

The price-sensitive and well-regulated real estate market of Pune, did not witness the kind of runaway hike in property prices as seen elsewhere in the country. So even after the recent price hikes following the post-slump correction, property prices here are much below the peak prices. And real estate here is on road to rapid revival. By Mohammed Aslam, Head JLLM, Pune

OUTLOOK 2010 Chasing The Elusive Growth

The nascent recovery in real estate experienced last year, is threatened slowdown, it needs to surmount several challenges before it is firmly in by the spurt in property prices. As the Indian realty shrugs off place for a steady and sustained growth. By Vinod Behl

INVESTMENT FRIENDLY PROJECTS REALTY PLUS – PROPERTY EQUITY REPORT

While banks continue to be the primary source for financing of real estate projects, with relaxed FDI regulations, private equity (PE) funds are increasingly playing a crucial supplemental role. In an uncertain global economic environment where bank financing is limited and hard to get, private equity financing assumes an even more important role.

HOME TRUTH
2009: LESSIONS FOR HOME BUYERS

The year 2009 may well have brought a glimmer of hope for the residential real estate sector with rise in demand and increase in sales. But for home buyers who bore the burnt of project delays and other negative developments, there were many lessons in adversity.

Celebrating Excellence Realty Plus Excellence Awards 2009.

Realty Plus Excellence Awards 2009 symbolized the true celebration of excellence as real estate captains were rewarded and honoured for their outstanding contributions at a gala event held at Taj Palace Hotel in New Delhi on January 23.

Retirement Homes Hot Emerging Realty Trend

Retirement homes that are coming up in our country represent a viable option for a growing number of aged but financially independent people who need both security and good companionship to lead a satisfying life.

Realty Awaits Festive Cheer

The festive freebies and discounts offered by cash-strapped developers have failed to enthuse the property buyers who prefer to wait for better deals.

Luck In Land!

As real estate buyers hesitate to invest in constructed property, fearing price correction and delay in delivery of projects, investment in land could well be a profitable proposition.

Residential Investment Destinations 2009

Given the economic slowdown, the dream run for the Indian builders in the residential space is over but for the end-users, it is a time of opportunity. Properties that would forever have stayed out of the reach of the middle-class are about to be put on the table.

10 Most Competitive cities

REALTY PLUS -Institute for Competitiveness report on best cities for living and doing business

Best Bargain

In a depressed market, it’s more profitable to go for resale property from the secondary market than buying directly from the developer.

Bonanza For Small Investors

The Real Estate Mutual Funds (REMFs) and Real Estate Investment Trusts (REITs) will usher in real(ty) democracy, offering a never-before opportunity to small investors to reap the benefits of real estate boom.

Partnering For Profit- Maximise your gains by redeveloping your old property in partnership with a developer.

Most urban properties comprising old buildings, occupied by its owners or by tenants, wholly or partially, can be turned around to make them revenue-yielding investment propositions. To that end, the structures can be developed for the construction of residential/offices or retail buildings with the help of professional builders. This is a better option than finding a way out through outright sale.

MALL A MALL : Is Investment In A Mall Space A Hot Option?

Investing in a mall space has proved to be the best bet with double-digit returns. But with emerging mall models and failing malls, investment in modern retail formats has become a rather risky proposition. Do malls still hold out promise for the retail investors?

WHERE TO INVEST – REAL ESTATE OR STOCK MARKET

As developers make use of the carpet area-super area confusion to charge arbitrarily for the real estate space, property buyers feel cheated in the absence of any regulatory mechanism.

WHERE TO INVEST – REAL ESTATE OR STOCK MARKET

After a long bull run as stock market experiences worst battering and property market is depressed, small investors find themselves at the crossroads. What’s the way forward for them in their treasure hunt? Should they make fresh investments in stocks, property, mutual funds, gold or debt instruments? And should they stay invested or quit?

City Of Joy

Spurred by the huge residential and commercial demand on the strength of economic resurgence and IT growth, and aided by favourable government policies, Kolkata real estate offers great opportunity for affordable and safe investment with steady growth.

Hottest Emerging Locations of 2008 Realty Plus: Cushman and Wakefield report

Fast-paced economic growth, improved infrastructure, rapid urbanisation and scarcity of land in tier-I and tier-II cities have triggered the creation of new corridors, which will be the focus areas of 2008.

Facility Management Adding Value To Property

Effective facility management is the new mantra of the country’s rapidly growing real estate sector, with a slew of domestic developers across the metros and even tier-II and III cities setting up their own facility management companies or outsourcing their work to specialised private agencies from India and abroad. With a current market size estimated to be around Rs 10,000 crores, this sector presents a win-win situation for the developers as well as consumers. While developers are ensured of better brand equity and attractive pricing for their upcoming projects, end users and investors stand to gain with a hassle-free lifestyle and premium ROIs on their investment.

Changing Face Of Office Real Estate

The corporate real estate or the commercial office real estate is on a new high in India, characterized by rising demand and high absorption. Notwithstanding the current mismatch in demand and supply resulting in skyrocketing prices, the market with coming supply boom is headed towards greater stability in the future.

BoomTowns

The development in the housing sector is mirroring the rapid economic growth. The residential segment is leading the growth trajectory of the real estate sector with 75-80% of the total demand from this segment. None other than metros reflect this trend better. This cover story, based on Knight Frank India Residential Market Review, takes a look at seven important urban centres of Delhi NCR, Mumbai, Pune, Kolkata, Hyderabad, Bangalore and Chennai for an overview that demonstrates great promise for residential real estate. Over the next three years, close to 530.5 million sq. ft. of residential space would be developed in Grade A and B+ category in these seven major locations translating to a supply of 200,000 units per year in the MIG and HIG sections. As such these metros, which are currently experiencing the boom, symbolize the shape of things to come in the residential real estate.

Golf homes- Teeing a New Lifestyle

Golf Homes or upmarket residential developments built around a golf course are the latest buzzword in the super-premium housing segment. Big-ticket developers like Unitech, DLF, Ansal API, Prestige Estates, Mantri Developers and the Jaypee Group have already taken the plunge with an array of golf-centric projects that promise a growing clientele the chance to live life king-size amidst the greens.

Small is Big
Reaping Rich Rewards With Small Investments

Real estate has traditionally been an avenue for high investment. But as the sector evolves, it offers various 0ptions and opportunities for small investors to strike it rich.

Enter The NewAge Broker

Until recently, the role of a property broker did not go much beyond the arranging of that all-important meeting between the property seller and the anxious buyer, closing the sale and pocketing his commission for 'services rendered'. However, the entry of global real estate consultancies, proliferation of online property portals, changing buyer profiles and the emergence of a new breed of educated, tech-savvy, well-networked ‘property agents' offering a slew of value-added services in a real estate market is now slowly forcing conventional brokers to get their act together.

How to invest wisely in an overheated property market

Notwithstanding the much hyped boom, the overheated real estate market is already witnessing a slowdown. As the galloping realty run comes to an end and spiralling prices undergo correction, property buyers and investors find themselves at the crossroads. It is time to play safe and invest wisely in a cooling market. Realty Plus presents a handy guide for the real estate investors to make most of the turbulent times.

Real Estate Slowdown

After a free bull run for two years, the booming real estate market seems to have lost some of its steam. Property prices, which were in ever escalating mode, have begun to slide if not crash. This correctional or cooling off phase is the overheated property market has led to the fears of property meltdown.

Realty Growth On Holy High

Religious destinations like Vrindavan, Ajmer, Amritsar, Rishikesh, Tirupati, Nasik, Hardwar and Mathura are fast becoming the preferred destinations for real estate buyers and investors wanting to escape the increasing stress of modern living in urban metros. They are now investing in property at these religious havens that have long since attracted pilgrims and people from India and abroad with their promise of inner tranquillity and spiritual bliss.

Rental Rewards
Hot Investment Opportunities in Retail Real Estate

In the wake of the ongoing mall boom investment in commercial retail property has turned out be a secure investment, paying rich dividends in terms of capital appreciation and promising big rental gains.

10 Hot Emerging Destinations Of 2007
Places to go, money to make

With the real estate boom of 2006 surging strongly into the New Year, small cities riding high on the strength of real estate cost advantage, improving infrastructure and business environment, coupled with the growing income and aspirational levels of their residents, are the hot spots for the builders engaged in frenetic development. We present 10 such hot destinations across India which are the best bets for profitable property deals in 2007.

Creating wealth for the global Indian

For the multitude of Indians now well-settled across the globe, the booming real estate sector back home has just given them a new reason to reaffirm not just their emotional ties with India but also a lucrative investment destination that promises the proverbial pot of gold. And riding the crest of this sky-rocketing demand from global Indians for premium real estate are a slew of metro and non-metro cities that include Mumbai, Delhi, Kolkata, Bangalore, Kochi, Chennai and Hyderabad to name a few.

Real Deal, Bill to rein in Realtors, protect property buyers

The government is ready to introduce a bill in the parliament to set up a regulatory authority for the real estate sector that will discipline builders and safeguard the interests of the consumers. As a first step to regulate the real estate sector, the proposed law christened as the Real estate Management (Regulation & Control) Act prescribes compulsory licensing and registration of promoters, real estate agents and contractors on renewal basis with penal provisions for violating the Act.

Service Apartments

The New Buzzword

Driven by an increasing demand from the booming corporate sector, particularly the IT and ITES segment, business and leisure travellers and investors lured by attractive rentals, service apartments – that combine all the comforts of home with the frills of a luxury hotel at a fraction of the cost – is the new buzzword that’s taking the real estate industry by storm. With an array of projects across cities like Mumbai, Pune, Bangalore, Chennai, Delhi, Kochi and Kolkata by leading realty and hospitality industry majors, service apartments are now increasingly becoming the preferred choice for those looking for a ‘home away from home’.

Smart Homes Key To Futuristic Lifestyle

Move over “non-intelligent” homes and make room for the “smart” ones. The age of automation is taking over heralding the advent of e-homes that make use of technology to provide a heady combination of convenience, security and lifestyle.

Property Meltdown – Myth or Realty?

Despite all-round boom in real estate, soaring property prices have created a growing fear for realty bubble and a risk of property meltdown. How real is this apprehension?

Gen X Gets Realty Savvy

An increasing number of young professionals with fat salaries and high net worth individuals are now making a beeline for their piece of the booming real estate investment pie, buoyed by the ample supply of cheap home loans, its high safety ratings, attractive returns and more importantly, to savour the privilege of having bought their first major tangible asset, at an age when their parents were still climbing the many rungs of the corporate ladder.

Home Loan Groan
Rising Property & Home Loan Rates Souring Home Dream

This is not exactly a fine time for homebuyers. Rising property prices and home loan rates are posing as big hurdles. Construction materials like cement and steel have become costlier. Further, as per RBI norms, builders will get loans only after their projects are cleared. The CBDT is meanwhile questioning the continuance of tax concessions to loan seekers. Is the party then over? This is no panic situation as yet but the road is not certainly smooth.

Exposed
Property Pre-launches

The unethical and illegal practice of property pre-launches resorted to by rogue developers is assuming alarming proportions with builder-investor-broker nexus out to allure unscrupulous consumers with rosy dreams of making fast buck. Our cover story unravels the modus operandi behind illegal transactions of property pre-launches that tarnishes the image of the real estate sector and exposes the end users to the risk of losing their money.

RISE OF THE SUBURBS

With the demand for residential, commercial and retail space zooming north against a rapidly diminishing land mass, it’s the suburbs of most Indian metros and Tier II cities like Mumbai, Delhi, NCR, Bangalore, Chennai, Hyderabad and Kolkata that are currently witnessing a bulk of the frenzied development, as developers scramble to cater to the booming demand lured by the easier availability of prime real estate at affordable rates, improved connectivity, better infrastructure facilities and the promise of a rewarding future.

Realty 2006: time Ripe for Property Investment?

With inherent strong economy and favorable demographics and regulatory regime, the echoing real estate boom of 2005 is here to gain further momentum. And with IT, retail and housing boom fuelling the real estate market like never before, it’s time for homebuyers and investors to reap the gains.

SECOND HOMES

Ravi Kumar, a businessman bought farmhouse in Khandala 4 years back mainly as a weekend getaway from the busy city life. But with Mumbai-Pune expressway, his weekend home has turned out to be a sound investment that has more than doubled during this period. Subsequently many of his friends have invested for a second home there.

Integrated Townships
New Mantra For Modern Living

Self-contained townships wherein residential, commercial and retail zones are all within the same development area seem to have caught the imagination of buyers and developers alike.
Traffic bottlenecks, need for better lifestyle, coupled with an investor-friendly government policy on FDI which aid the inflow of huge sums of money required to construct such facilities, are the major factors that have led to the emergence of integrated townships all across the country.

Property protection
Safety From Natural Disasters

Following the unprecedented damage caused to life and property by the recent earthquake in Kashmir and floods in Mumbai, Bangalore and Chennai, the real estate developers, professionals, government agencies and above all property buyers need to take preventive measures to minimize damage by working towards safer habitat. There is greater onus on consumers to ensure that they are buying or building a resilient and safe structure.

Empowering Real Estate Consumers

Real estate consumers may well hope for a better deal in the near future as the union government is readying a legislation to empower and protect them by regulating property transactions.

Legal & Taxation Issues That Impact Property Purchase

Buying a property is a lifetime investment that has to be made judiciously. After all your life long earnings are at risk. There are vital legal and taxation issues which you just can’t afford to overlook more so if you wish to make money from your investment.

Should Developers Offer Warranty On Properties?

In spite of a real estate warranty being the norm in realty market worldwide, the burgeoning Indian real estate industry has the dubious distinction of having practically no safeguards in place to protect the interests of end users. However, on the bright side, a few developers, industry associations and the government seem to have finally woken up to the gravity of the situation and initiated the long process towards implementing warranties that could well change the face of the Indian real estate scenario.

Boom Cities
The hottest real estate destinations

Though the current real estate boom is spreading fast to the tier-II towns, it is the metros and the tier –I cities which are the hottest destinations with sustained buoyancy, offering double digit returns on real estate investment.

Home Loans: The Party Goes On!

Notwithstanding the likely marginal upward revision of home loan rates, the attractive rates coupled with tax incentives and the high returns on residential property present a strong case for the home buyers to make most of the home loan bonanza.

Where are property prices heading

With strong fundamentals like resurgent economy, increased purchasing power, greater credit flow, favorable interest rates, retail and BPO boom, it’s been a boom time for Indian realty. But then with property prices shooting through the roof in some select markets overheated by speculative investment, fears have been expressed about the emergence of property bubble. And the big question is – will the property prices crash.

Is Your Developer Worth Your Money?

10 Point Realty plus ICRA Checklist to ensure Safe Investment

Notwithstanding the increasing professionalism in the real estate sector, this largely unorganised industry still lacks proper transparency and fair practices, often resulting in property buyers getting a raw deal at the hands of unscrupulous developers.

Real Estate Financing The Big Leap Forward

The present boom in residential, retail and commercial real estate coupled with the growing professionalism in Indian realty has opened up avenues for newer financing instruments like REMFs and REITs. And with the government favourable considering the opening up of FDI in retail and real estate, real estate financing may soon come of age in India.

Premium Homes Heralding a New Real Estate Revolution

Glitzy glass and metal facades, electronic access control elevators, video door phones, French windows, terrace pool, spa, club house, shopping mall, landscaped gardens…Living life king size is the buzzword among the rich and elite. And realtors are scrambling to cash in on this new trend of high-end apartments, plush villas and princely penthouses, to meet the growing demand for elegant living.

10 Trends Driving Corporate Occupancy

The real estate sector is riding high on the strong economy and the commercial real estate is being driven like never before by the booming IT/BPO/Call Centre sector. Almost 80 percent of demand for commercial space today is generated by this sector. To make most of the opportunity, developers have geared up to provide more efficient and high class developments. These offerings are of global standards, matching the requirements of corporates. Not just that, developers are using new age techniques in order to act delivery times

Retail Malls GOLDMINES OR LANDMINES?

Amidst high growth of organized retail and an ever-increasing urban population with high disposable income becoming brand and quality conscious, India is ushering in the ‘great mall boom’. But is it only an initial euphoria that may not last long or will the organized retail, which is still at a nascent stage, turn into a goldmine in the years to come?

Home Truths : What the Home Buyers Want
Realty Plus – TNS Survey

Of the three necessities, ‘roti, kapda aur makan,’ the first two are evident in the day-to-day struggle of the average Indian. The last mentioned, however, exerts an equal if not greater hold just under the surface. Sooner or later, the need to ‘possess’ a space, to earmark a territory exclusive to the self, to own a piece of turf under the wide blue sky, manifests itself in every human being. And today with housing boom sweeping across the country, there is greater yearning among the Gen X to own a house of their own.

The Great Housing Boom

Ek Bangla Bane Nyara – this golden song of yesteryears seems to be echoing across the country as millions of middle class urbanites now find it within their reach to realize their life’s dream to own a home of their own.And with luxury housing pitching in too, India is truly witnessing a residential real estate boom.

 
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