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Thesynergyonline Real Estate Bureau
The event was started with the Bhoomi Poojan followed by the rocking and outstanding performances by regional dance troop from the different states like Rajasthan, Punjab, Haryana and Maharashtra. Parx Laureate is a novel and highly stylized project recently launched in Noida. It is designed keeping in mind the aesthetics of the living area and the surrounding landscapes as well. It is the ultimate destination for those who appreciate beauty and art in every sphere of life. On this occasion Mr Mahendra Bbansal the Director of Laureate Buildwell said “We have already sold 60 percent space of our first project. Mr Rajeev sharma added we at Laureate we are trying to aware the customer the real meaning of luxury living where dreams will take shape of reality with innovative ideas. The event started with the lighting of the lamp by Mr Mahendra Bansal along with Mr Rajeev Sharma and Mr Ishwar Chand Mittal.
MR SQUARE FEET LAUNCHES POWER WELFARE SOCIETY Thesynergyonline Power Bureau
The PWS project came into being when Power Grid and NTPC employees pooled in order to develop a high- end residential gated community. This is being constructed by Tempus Infra Projects in 7.5 acres of land with 70 percent of open space. The total built up area is approximately 14 lakh sq ft of salable area, comprising of 7(seven) blocks of varies sizes. The residential property is a 25 storeyed structure with spacious 3BHKs of 1800 sqft in BlockC2, that offers state of the art amenities such as leisure club facilities, swimming pool, gymnasium, auditorium and commercial centre with contemporary and stylish interiors. The project also has ample parking space for over 1350 cars. The society has a temple in the complex. It is the only high rise in Hyderabad with an 18 inch external wall, and has a minimum of 20 feet gap between any two flats. Ravi Varma – COO , Mr. Square Feet said, "The aspirations of the buyers are constantly on a rise and so is the demand for houses in strategic locations, and premium properties like this are a must-buy for those looking to invest." Strategically situated near Gachibowli , the project has close proximity to the airport, and the nearby IT hub. " Buyers are not only guided right but also handholded throughout the process of buying a home, which adds value to our prestigious project", added Mr M.VaraPrasada Rao, president of Power Welfare Society.
Thesynergyonline Real Estate Bureau
NEW DELHI, JANUARY 13 : The premium round residences is yet another landmark project by the company. The real estate major said it will invest Rs 2,250 crore to develop a luxury housing project in Noida and has roped in Twinkle Khanna, former film actress, as the interior designer. The possession of apartments will be given in 42 months from the date of construction. The Noida-based Supertech will develop 650 flats in 'ORB' project, a part of 50-acre integrated township 'Capetown'. The development will be built in sync with the universal symbol, the circle. Located at Sector 74, Noida, ORB will comprise of 3 and 4 BHK apartments. The development has been scientifically designed for optimum energy efficiency and vaastu compliant construction for maximum influx of positive energy, the company says. Strategically located at Sector 74, Noida, ORB is a part of 50 acre integrated township project, which will comprise of 3 and 4 BHK apartments. The area of the units will range from 2215sq. ft. to 4270sq. ft. The project is been innovatively designed for maximum interior space and its circular footprint for uninterrupted supply of air and 180 degree view. On the project launch Mr R K Arora, Chairman and Managing Director of Supertech, said, "The circular-shaped futuristic project is been designed to provide our customers, a luxurious and safe living experience amidst beautifully landscaped surroundings. The cost of these apartments will range from Rs 1.50 crore to Rs 2.5 crore and total built-up area of three towers of ORB would be 15 lakh sq.ft. There will be a world class club of approximately 50,000 sq.ft. area at ground floor connecting all the three towers, he said. Mr Arora stated, "As a part of integrated township, ORB residents will enjoy all the necessary facilities, also the connectivity with its surrounding areas will be an added advantage". The project has been designed in a way to create maximum interior space and the circular shape of towers would provide uninterrupted supply of air and 180 degree view, Mr Arora added. The investment would be funded through debt and internal accrual, Mr Arora said. It's a blend of four things , that is ,space, structure, colour balance and unexpected element, she added. The interior spaces will give each of the residents a new living experience and a definitely an abode, which will be a class apart , she further said. She appreciated nature and aesthetics ,her strongly held values and echo of the walls of these residences where nothing seem to overpower. The developmentof the project involves all amenities and meet specifications like world-class club, swimming pool, spa, gym and sporting facilities with 100 percent power back up and 24X7 security, Mr Arora said. The company has been involved in building the modern and finest residential, commercial complexes, townships, IT parks and hotels in Delhi and National Capital Region (NCR) and new urban settlements like Meerut, Moradabad, Haridwar and Rudrapur too. H & R JOHNSON ROLLS OUT LUXURY BUSINESS IN DELHI Thesynergyonline Real Estate Bureau
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| NEW DELHI, DECEMBER 25 : THE 3C Company, a real estate developer and a major player in developing state- of- the- art energy efficient buildings in National Capital Territory, has been honoured with RR Kabel Society Interior Building Design Awards 2011 where Green Boulevard has been recognized as the 'Best Commercial Design Building' during a recent awards ceremony held in the Capital. |
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The awards were aimed at acknowledging excellence of best minds in architecture, design, construction and engineering from both Mumbai and Delhi.
The ceremony was organized by the leading design publication Society Interiors and RR Kabel, the leaders in electrical and infrastructural solutions that came together the first time to institute the RR Kabel Society Interiors Building Design Awards this year.
RR Kabel Society Interiors Building Design Awards 2011 recognized and felicitated design visionaries leading architects and builders for their outstanding contribution to the field of design and community at large.
In the present inaugural year the awards were given to projects completed in the last five years both in Mumbai and New Delhi.
The winners of these defining awards were selected through a robust and comprehensive judging process, based on a combination of criteria.
In addition to various excellence awards where 3Cs has been recognized for its commitment in the CSR space as well as for its professional and leadership excellence in the real estate sector, the series of credits also places 3Cs on a distinguishing platform of being 'Northern India's Most Environment Friendly' Real Estate Developer.
Sharing his thoughts on receiving the award, Mr. Vidur Bharadwaj, Director, The 3C Company said, "The mission for developing green buildings has not only helped in saving huge operating energy costs for the benefit of end users but has inculcated a discipline within the organization to preserve the environment."
Thesynergyonline Corporate Bureau
NEW DELHI, DECEMBER 21 :
THE recent top-level hires by Bhartiya City Developers of Mr Shama Sunder as Chief Financial Officer (CFO) and Mr Swaroop Anish as Chief Operating Officer (COO) has beefed up the senior management team of the real estate major which has embarked on a 125 acre integrated urban township within the municipal limit of Bangalore City - a first of its kind in India.
At Bhartiya City, Mr Shama Sunder will head the Finance and Commercial functions. Prior to joining Bhartiya as CFO, Mr. Shama Sunder headed Finance for Brigade Enterprises, Bangalore for close to 5 years. His earlier stints include HDFC Bank and ING Vyasa handling multiple roles straddling Corporate Banking, Strategic Planning, Treasury Management, Taxation, Balance Sheet Analysis, P&L Management, Investor Relationship, Funds/Debt raising, Working Capital Management etc.
Mr. Sunder started his career with Corporation Bank where he worked for almost 22 years.
Mr. Sunder is an MBA (Finance) from Bangalore University and has undergone numerous training programs in India and abroad. He is also actively associated with the Bangalore Chamber of Industries and Commerce.
Also adding to the core senior management team of Bhartiya City Developers is Mr. Swaroop Anish with close to two decades of experience in the Real Estate Industry. Mr. Swaroop has joined from Prestige Group, Bangalore where he was a Senior Vice President executing varied projects for 13 years. At Bhartiya City, his role would be to oversee all aspects of the development business including operations, design, development, sales and marketing. Mr. Anish holds a Bachelors Degree in Commerce from the Mahatma Gandhi University along with a Post Graduate Diploma in International Management from IMI.
Mr. Snehdeep Aggarwal, founder-Chairman, Bhartiya Group commenting on the new appointments said,“ The vast experience and contributions to the real estate industry of Mr Shama Sunder and Mr Swaroop Anish to Bhartiya City would be an invaluable asset which would surely catalyze Bhartiya City’s growth trajectory especially at a juncture when the launch of Bhartiya City in Bangalore is imminent”.
Thesynergyonline Real Estate Bureau
NEW DELHI, DECEMBER 15 : |
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The MagicBricks.com India Housing Report is a snapshot of residential real estate across 12 Indian cities and contains key macro factors and trends in the housing industry. These findings include city-wise supply analyses, locality, type of housing & other details and are based on data, surveys and compiled consumer insights.
Mr Kamal Nath also released PropIndex July-September 2011, at AsiaConstruct 2011.
At the conference, Sudhir Pai, Business Head, MagicBricks.com, highlighted the “Impact of Real Estate Portals on the Property Markets”. He used statistics derived from MagicBricks.com to corroborate market trends.
E Jayashree Kurup, Head - Content & Research, TBSL provided an insight on “Technology in the Indian Housing Industry – Reality and Challenges.” This covered consumer and developer perspectives on technology as an enabler for real estate.
AsiaConstruct 2011 is organised by CIDC (Construction Industry Development Council) in Lodhi Road, New Delhi. The 3-day event is witnessing participation from across Asia and Africa, providing a forum for exchanging information on problem areas and solutions in construction industry across the region.
The Planning Commission, Government of India, jointly with the Indian construction industry has set up Construction Industry Development Council (CIDC) to take up activities for the development of the Indian construction industry. 
Thesynergyonline Real Estate Bureau
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NEW DELHI, DECEMBER 08 : |
It is for the first time that Aluplast is collaborating directly with any Indian developer. The memorandum of understanding (MoU) was signed in the presence of Mr Manfred Seitz, Group Chairman, Aluplast Group, Germany and Mr Mukesh Aggarwal, Managing Director of Paramount Group, by Mr. Ashwani Prakash, Executive Director Paramount Group and
Mr Arun Sharma, General Director of Aluplast India.
Paramount Group with its consistent investments in the technology and fine craftsmanship has been credited with bringing unique concepts to its consumers. Besides, the Group
has over the years, collaborated with several leading companies from around the world to deliver quality products. Aluplast, a global player in this space has 23 production plants and sales offices across the world. It produces nearly ten million windows annually.
Aluplast will design, manufacture, fabricate and install for Paramount more than 25 lakh sq.ft. Windows including tilt and turn windows specially designed for Paramount. The entire operations would be supervised by Aluplast The product would be used in all ongoing and upcoming projects of Paramount i.e. Golfforeste, Floraville and Emotions.
It involves an initial investment of Rs 75 crore for all projects.
Mr Mukesh Aggarwal, Managing Director of Paramount Group , said, “The alliance with Aluplast boosts Paramount’s aim of providing green homes to its consumers ."
The collaboration with Aluplast demonstrates our commitment to quality products and brings together two groups committed to green homes”, said Mr Ashwani Prakash Executive Director, Paramount Group.
“Aluplast believes in success and growth via innovation and partnership. Through this alliance we are glad to associate with Paramount which is leading real estate revolution in India .Aluplast windows are patented windows. The company is the technological leader in the market offering a wide range of different products that suit for every geographical situation and individual market necessities,”, said Mr Manfred Seitz, Group Chairman, Aluplast Group, Germany.
“Aluplast U-PVC windows and doors profile comes with eco-friendly unleaded stabilizers. We will provide Germany's best and India's only 100 percent lead free with lowest uValue Energy Saving Window & Door Profile Systems,” added Mr Arun Sharma, General Director of Aluplast India.
Thesynergyonline Real Estate Bureau
NEW DELHI, DECEMBER 06 :
THE National Property Index (NPI) rose by 7 percent in the second quarter of FY 2011-12. In its second edition report, the India apartment Index showed a rise in capital and rental values across metros.
The number of listings of property also increased significantly in this period. This is a healthy 4 pecent increase in the Jul-Sep 2011 quarter compared to Apr-Jun 2011 quarter.
Of the 11 cities covered in the India Apartment Index, 9 posted an increase in index values. Delhi, Chennai and Ghaziabad, were frontrunners with a 9 percent rise.
Noida was at second spot, with an 8 percent increase, followed be Bangalore and Hyderabad (5 percent). Mumbai, Gurgaon and Pune posted moderate rise of 1-2 percent , below the national index values.
Ahmedabad index value dropped 5 percent on the back of falling values in some key locations, while Kolkata remained stable during this quarter with no change in the index value.
Capital values rose in over 50 percent of localities across cities during the period. However, only 3 out of 11 cities showed a similar trend in rental values.
The key findings of the report are:
Limited supply of new projects across markets due to tight monetary conditions
High quoted prices led users to go slow on investment decisions)
Rise in rental values because of improved transport corridors and metro connectivity
Hike in capital values of suburban properties near IT/commercial hubs
Delhi Index rose by 9 pecent because of rise in average prices in majority of localities across the city. The maximum activity was witnessed in areas where middle and upper middle-income groups of buyers are active. Significant increase in capital values were registered in Dwarka, Chittaranjan Park, Kalkaji, East of Kailash, Mayur Vihar Phase-1 and Paschim Vihar, followed by Rohini Sector -13 and Alaknanda.
Chennai Index posted 9 percent increase. Rise in values and number of listings in Thiruvanmiyur and Ambattur were major contributors to the rising index values. Premium localities such as Anna Nagar too posted significant increase in number of listings, pushing up index values.
Ghaziabad Index rose 9 percent because of increase in average capital values of properties across the city compared to the previous quarter. Both, average prices and number of listings rose across the city.
Noida Index rose 8 pecent because of increase in average capital values of the properties across the region. This was primarily due to the legal battles in Noida Extension between farmers and Noida development authority. Properties have benefitted in both possession and under-construction stage.
Bangalore Index rose by 5 pecent. There was a hike in capital values and the number of listings in heavy weightage localities such as Whitefield, Banerghatta Road and Sarjapur Road.
Hyderabad Index rose by 5 percent in the Jul-Sep quarter, indicating end-user activity. Values rose in about 60 percent of the localities. The localities near commercial districts or easily accessible from them have seen a rise in capital as well as rental values. As a result, city and suburban areas witnessed significant price rise.
Mumbai Index values rose 2 percent in the July-September 2011 quarter. Only 37 percent of localities impacted the city index positively on the back of average value of property and the number of listings across the city.
Gurgaon Index posted nominal increase of 2 percent on the back of no major supply in majority of localities in the July-September 2011 quarter. It is the steady increase in values in most localities that held the city index up.
Pune Index went up by a minimal 1 percent mainly on account of stable number of listings and small rise in values across the city.
Kolkata Index fairly remained stable due to pre-festive season slowdown across the city and stable number of listings in most areas.
Ahmedabad Index value dropped 5 percent. Sharp fall in capital values in premium localities and the significant drop in the number of properties coming up for transaction have pushed index values downwards.
Thesynergyonline Real Estate Bureau
NEW DELHI, NOVEMBER 05 :
IN an exclusive arrangement with Amatrra Spa, Raheja Developers will now be leading the niche segment as well. Amatrra Spa is a chain of lifestyle Spas in Asia.
In the deal, Amatrra shall be managing the clubhouses at Raheja Revanta which shall include the infinity pool at the 46th floor, The Spa, The steam Sauna, Jacuzzi, tennis courts, basket balls, multipurpose gymnasium and will provide wellness special facilities like Private Yoga, Private Masseur, and Private Hydrotherapy Classes etc. Amatrra Homes offer a life that's healthier, wealthier and wiser.
A section of Revanta would also have the Exclusive Amatrra Residences – branded lifestyle homes like never before. Amatrra Homes would reset the benchmark in luxury residences across the country.
Revanta would have 2,3,4 and 5 bedroom apartments. The rate for the high rises would be Rs.5875 per sq ft and Rs.4875 .The sizes varies from 1478 sq.ft to 4961 sq.ft. The sizes in the low rise would vary from 2073 sq.ft to 3532 sq.ft. The PLCs would be charged from 22nd floor till the top 56th floor and it would vary from Rs 100- per sq. ft to Rs.4000 per sq.ft.
Thesynergyonline Realty Bureau
| NEW DELHI, OCTOBER 16 : BHARAT City , a 60 acre residential township project, was launched on Saturday at the Indraprastha Yojana, Ghaziabad. Bharat City is a joint venture between BCC Infrastructures and HDFC PMS. Out of this 60 acres, 32 acres is the open area. |
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Mr SP Singh, Chairman, BCC Infrastructure said, " Bharat City will be a state of the art residential township project and will include all basic amenities like Bal Bharati School, multi speciality hospital, banks/ ATMs, sports parks, restaurants, clubs etc. Our endeavour is to set a benchmark and norm in the infrastructure sector with this project- Bharat City."
Kumar Bharat, Director, BCC Infrastructure added, " In addition to the timely or before time delivery on construction, we have introduced the subvention scheme. The scheme divides the payment in the ratio of 20:80. The buyer can acquire property at a booking price of 20 percent and rest 80 percent can be paid at the time of possession, and till then there will be no interests or EMIs."
"The possession will be within 30 months or the developer will pay penalty @ INR 5 per sq ft. EMI s start after 1 month of the offered possession by BCC Infrastructures ."
With host of the developers promising similar schemes but unable to deliver in reality, Mr. Kumar Bharat said, "This scheme is by HDFC home loans to the end users and our partnership with HDFC PMS enables us to offer this to our customers as a reality. This is in line with our mission of affordable housing to people"
Mr. Pravin Srivastava, chief marketing officer, added, " Bharat City is located at a strategic junction of Kondli- Palwal- Manesar road and Faridabad- Noida- Gurgaon road. Merely 3 kms from Delhi, Bharat City will be a landmark township not only in Indraprastha Yojana in Ghaziabad but entire NCR region".
Thesynergyonline Realty Bureau
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NEW DELHI, OCTOBER 11 : INDIA'S real estate centric FIRE Capital Fund , private equity fund, on Tuesday unveiled a new strategic iinitiative in the real sector by launching Astrum Homes targeting at middle income segment in India. |
The company targets Tier II & Tier III cities of India where demand and aspirations for quality living is on the rise. Astrum has group of promoters and Team FIRE Capital and The Related Group of the USA are amongst them.
To start with 61 cities the company has set target of 40 projects to be completed in 4 years. The company plans to invest Rs 6000 crore over a period of 4 years.
While unveiling Astrum Homes Mr Om Chaudhry, Chairman, Astrum Homes said, ""There is an acute shortage of residential units, as India would require at least 30 million homes by 2012 to meet the existing housing need. We want to reduce some amount of the demand and supply gap in small towns and cater to the middle income segment, while keeping our focus on quality and innovation."
"We also feel that Indian real estate sector has reached a stage where professionalism and customer-centric approach become critical," he added.
Mr Jorge M Perez, Board of Director, Astrum Homes said, "India's macro economy has been on a growth track over the last years and is estimated to grow between 7 and 8 percent in the next 10 years. Additionally, India is the world's fastest growing and risk free economy and the Indian customers are getting accustomed to the better amenities as people in the US and Europe are. We will play a significant role in this leap and with the launch of Astrum Homes we would be able to cater to the masses in the country".
Mr Michael B Targoff, member of the board of directors, Astrum Homes added that "Globally nvestor interest has shifted to emerging markets and India is a favorable investment destination due to its significant domestic demand. "
Mr Jon Halpern, member of the board of directors, Astrum Homes commented "Having participated in similar transitions around the world, I am confident that India's real estate sector shall undergo a transformation over the coming two decades as the economy matures and real estate evolves as an asset class which investors treat at parity with stock market or gold."
Mr James J Grogan, member of the board of directors, Astrum Homes assured that "Astrum homes aims to combine the in depth knowledge of Indian real estate markets with the execution strength and best business practices of leading North American developers to create India's leading development platform."
As part of Phase I the company will be setting up its residential development projects with international style architecture and modern amenities in the cities of Amritsar and Panipat.
Thesynergyonline Real Estate Bureau
NEW DELHI, AUGUST 09 :
ATS Group, the real estate brand with projects in and around Noida in NCR, on Tuesday said that it forayed into the Millennium City Gurgaon with residential projects.
ATS Group has acquired two licensed land parcels in the city – approx 12.2 acre in Sector 109, and about 10.5 acre in Sector 104, Gurgaon, to give shape to their projects.
Both these lands parcels are along the Northern Periphery Road (NPR) that is proposed to connect Delhi International Airport via Dwarka to National Highway 8.
The company has made an initial investment of Rs 140 crore for acquisition of the land parcels.
The company is likely to invest over Rs. 400 crore to develop these projects. The company is open to more investments in Gurgaon and is in the look-out for appropriate land parcels in the region.
On this venture, Getamber Anand, Managing Director, ATS Group remarked, "Gurgaon has developed as an important destination for real estate developments. The real estate market in Gurgaon is backed by strong fundamentals and sustainable demand and offers competitive challenge to any real estate developer to deliver quality homes in the region."
"Through this strategic foray we aim to bring our decade long legacy of providing better way homes through quality in-house construction, well thought out spaces and trust to discerning consumers in Gurgaon."
"Our residential projects, as always, will provide consumers an exclusive lifestyle experience that will redefine the concept of affordable luxury", added Mr. Anand.
The company expects to launch the first project in Sector 109 in Gurgaon later this year after the receipt all due approvals from the authorities. The project is a joint development with the landowner, Chintels Group.
The company's second project is situated in Sector 104. The company has achieved financial closure in this project.
Soumik Bandyopadhyay, Chief Executive Officer, ATS Group said, "With focus on consumers' our projects are aimed to meet every aspect of the user's need for a home, be it convenience or comfort."
"Our in-house construction team provides us with the cutting edge ability to manage quality, costs and delivery and is indeed the competitive advantage in the market place today. We are constantly enhancing our execution capability and aim to develop 10 million sq ft area in Gurgaon over next 5 years."
The projects will be competitively priced to offer value for money to the customers and investors. The proposed projects will come in 3 basic unit sizes: 1745 sq ft, 2095 sq ft and 3045 sq ft.
Like all ATS properties the developments will have all the amenities well-designed club houses, swimming pools, extensive green areas, gymnasium, squash courts, billiards room, yoga facilities, jogging tracks, etc.
The projects will be developed in single phase and completed within 30 months from the date of launch. The company has set a budget of Rs. 10 crore for promoting these projects.
Architect Hafeez Contractor will be the master architect for the Gurgaon projects.
The company has applied to all leading banks and HFCs for approving the forthcoming projects for retail funding and to provide to customers choice in funding at the time of launch.
ATS Group is currently developing over 12 mn sft of group housing projects in Noida, Indirapuram and a large township of approx 300 acre in Derabassi, near Chandigarh.
Thesynergyonline Real Estate Bureau
NEW DELHI,JULY 12 :
INDUSTRY body ASSOCHAM Tuesday called for a strong and transparent regulator for the real estate sector for an orderly growth as India moves towards becoming the third largest construction market globally by 2020 from the current ninth position.
The regulator may consider setting up a public portal for real time project monitoring of various projects on the basis of clear and well publicised benchmarks, it said as the government prepares to introduce The Real Estate (Regulation and Development) Bill in forthcoming monsoon session of Parliament to protect consumer interests against dubious operators.
This will help buyers make an informed choice and facilitate comparison based on objective criteria, said The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
Even as the real estate sector is estimated to contribute nine per cent of GDP, the rapid growth is largely unregulated leading to rampant public complaints about fly-by-night operators who take advantage of the vulnerability of consumers in a deficit housing market.
"Project monitoring applications based on cloud computing should be encouraged as the proposed regulator removes redundancies and provides a level-playing field to all stakeholders – developers, investors, bankers and consumers," said its secretary general D.S. Rawat.
A more prosperous India in 2020 will be characterised by a better organised real estate industry which is transparent, efficient yet well regulated and focused on sustainable development, he said. "It will be quite a challenge to keep pace with rising population and rapid urbanisation amid changing demographics."
The real estate industry's backward and forward linkages with housing and construction industry and more than 250 ancillary industries including cement, steel and other building materials places it as the epicentre of India's growth story.
"Setting up a regulatory authority and an appellate tribunal will help in organising the industry but only if there are efficient enablers for its progress," said Mr Rawat. It can license developers, agents and price evaluators on the basis of their competence gauged through common qualifying exams.
ASSOCHAM also pointed out urban housing shortage of 25 million units, largely for low income households. The interest from private developers and increase in demand for affordable housing segment also provides an opportunity for the government to structure policies in a way so that low cost housing demand gets addressed.
The chamber also called for interest rate subsidies to incentivise green real estate projects.
Thesynergyonline Real Estate Bureau
NEW DELHI, JUNE 10 :
AT Realty 2011 , 7th International Conference on Real Estate, organised by Confederation of Indian Industry, Mr Sunil Kumar Singh, Joint Secretary ( Housing ), Ministry of Housing & Urban Poverty Alleviation, emphasised on introducing single window system, affordable housing for urban poor and associated infrastructure.
“The government is committed for providing shelter to all, and for this the participation in public sector is being promoted. Apart from Jawaharlal Nehru National Urban Renewable Mission (JNNURM) which aims at facilitating cities to take financially sustainable initiatives to improve service levels we are focused on integrated development of infrastructure services, securing linkages between asset creation and maintenance for long term project sustainability, accelerating the flow of urban sector investments, planned development of cities, renewable and redevelopment of inner city areas and universalisation of urban service, " he said.
Reforms surely have to be implemented both on state and central level”, he emphasised
“We are also working on the Real estate regulation bill which will focus on augmentation of land supply to increase the stock of affordable housing, much transparent system and empowering the consumer”, informed the joint secretary.
A report titled, “Future Cities- the choices that we make today” prepared jointly by CII and Grant Thornton looked at what Indian cities should do to address challenges of sustainable growth, quality of life and climate change. It is not intended to be a comprehensive review of the status quo but provides expert insights on how Indian cities should be managed.
The report highlights five key aspects that are critical for ensuring brighter future of the Indian real estate sector and Indian cities at large as planning, governance, infrastructure, finance and green technology. It envisions that the degree of collaboration between infrastructure and real estate sectors will define the future course. Smarter collaboration between the public and private sectors is the key to unlock the real potential of our cities.
Highlighting the need for changes required today to make better future cities, Mr Vishesh Chandiok, National Managing Partner, Grant Thornton India said, that only 35% of population of India is urban where as 65 percent population of China lives in urban areas. With India becoming a second favourite investment destination after the US, there would be immense pressure on urban India. For this, it is estimated that 1 trillion dollar investment is required for infrastructure development in India in contract to 500 billion dollars as allocated in the 11th Five Year Plan.
On the need for better governance, Mr Pradeep Kumar, Chief Executive Officer, India Infrastructure Finance Company called in for participation of local bodies for better infrastructure development to support the real estate sector.
He also mentioned that creating mere real estate pockets like in the city of Gurgaon won’t help unless, the Municipal corporations step forward to support local infrastructure.
The process to better and efficient governance will surely be supported by the IT boom as well RTI Act enabling transparency in the systems.
Talking about reforms for the real estate sector, Mr Anshuman Magazine, Chairman, and Managing Director, CB Richards, Ellis South Asia said that where Single Window Clearance System for real estate projects is the key to development, long term funding will make it sustainable.
Earlier, giving an insight on the overall scenario of real estate sector , Mr Harpal Singh , ex- Chairman , CII , Northern Region shared that with India emerging as an important business location for real estate, with its favourable policies , providing incentives and tax holidays to attract private investments, permission of 100 percent FDI in the infrastructure sector, special provision of Viability Gap Funding (VGF) and PPP approach combined with Manpower availability, wage rate arbitrage opportunities and occupancy rates has made tier I & II cities huge attractions for real estate sector .
Dwelling on today’s need, Singh insisted to deal with the challenges posed by multi-pronged pressures on the front of regulatory environment, governance and finance capital management, which implies a long term shift in public policy.
“With more collaborative models, domestic retailers expanding beyond tier I and tier II cities and institutional investors particularly private equity funds looking for investments, it would not be difficult to fuel the recovery of Real estate sector,” he remarked .
Calling for the need of transparency mission, Mr Getamber Anand, MD and Promoter ATS Group & Vice President, CREDAI, outlined the challenges of sustainability. He reiterated the use of green technology, marinating eco balance, and need for planned disaster management and focused infra development.
Realty 2011, focused on growing real estate needs supported by strong macroeconomic fundamentals which will necessitate additional amount of liquidity into the system. Encouraging small investors to invest and mopping up large sums through REITs (Real Estate Investment Trusts) and REMFs (Real Estate Mutual Funds) was considered essential.
“Granting infrastructure status to some of the critical priority projects in the real estate sector is vital for the sector's growth as building integrated townships, mass housing colonies, special residential zone etc are more or less the same as building large-scale infrastructure facilities,” concluded Mr Anmol Jain , Vice Chairman, CII, Haryana.
Other sessions threw light upon bridging size and foresight into the city planning, need to bring in accountability and singular approval authority, understanding current sources of finances available and role of long term FDIs in Real Estate .The sessions also embarked on the use of green technology and initiatives.
Thesynergyonline Real Estate Bureau
NEW DELHI, MAY 30 :
TOEING the line of creating exhilarating lifestyle experiences by adopting new technologies with a focus on green and eco-friendly construction, Earth Infrastructures , realty major and promoter of green building concept in Delhi/NCR, on Monday unveiled three upcoming projects; Earth Tech One, Earth Studios at Greater Noida and Earth Copia at Gurgaon.
The company said it would invest Rs 1,000 crore over the next three years to develop three projects .
Earth Infrastructures said that it is poised to cater to the growing demand in the upcoming realty destinations and carve out a niche in the real estate industry. All three of its projects are aesthetically designed to offer a healthy work and living environment.
Earth Tech One is the IT/ITES project with fully-furnished office spaces ranging 350,450 and 750 sqft. Ideally located in proximity to the Yamuna Expressway, Earth Tech One is set amidst Greater Noida’s Tech Zone, an upcoming professional hub. Earth Tech One is an eco-friendly office space that reduces environmental impact with its intelligent use of land, energy and water consumption. The company is investing approx Rs. 500 crore in this project which is expected to be completed by 2013.
Earth Infrastructures will also introduce Earth Studios claiming to provide fully furnished studio apartments in Greater Noida’s Tech Zone.
Strategically located to meet the residential needs of the global migrating community coming to this region and offering ‘walk to work’ convenience to the corporate executives, Earth Studio apartments is an ultra-luxury private living set amidst your own comfort zone. This fully furnished studio concept is a perfect place to compliment and support your stylish living.
Some of the expected benefits of the Earth Studio include Higher Rental Return, High Liquidity and Holiday Home Option. The company has planned an investment of Rs. 100 crore in this project, furnishing a total of 400 flats (Approx.). The project is set to be completed by June 2013.
In Gurgaon , a booming realty destination in India, Earth Infrastructures is all set to make its mark with the launch of Earth Copia a residential project offering 3 and 4 bedroom apartments with an area ranging from 1900sq ft to 2400 sq. ft. with an investment of Rs 400 crore. Each of the Earth Copia apartments is tastefully carved out to create adequate living space for the family as well as a corner for individual pursuit. Besides guaranteeing lush green and peaceful environs, Earth Copia promises world-class residential amenities.
On the launch of its upcoming projects, Mr Vikas Gupta, Director, Earth Infrastructures, said, “These projects bodes well for the target consumers. Projects are designed to lend an international aura and to create a symbol of decent lifestyle statement. “
“At Earth Infrastructures our efforts are to follow an innovative approach in creating lifestyle experiences around green concept and design our projects to best meet the needs of today’s discerning customers. Projects are located within proximity to booming residential and commercial destinations and are providing host of futuristic facilities,” he added.
The planned investment will be funded through internal accruals and advances from customers, he added.
The developer is currently executing various projects worth Rs 3,000 crore.
The company is planning to raise money through an initial public offer (IPO) in 2014.
He also said that the company is planning to launch a financial firm within the next 12 months to offer home loans to its customers.
Thesynergyonline Real Estate Bureau
| Marg unveils mascot |
NEW
DELHI, APRIL 21 :
MARG India’s diversified infrastructure development
company, on Thursday unveiled “Mr. Joy”, the mascot symbolizing a new
brand identity for its real estate arm – MARG ProperTies.
The mascot, Mr. Joy, has been especially designed to connote to the ‘Home Category’ and at the same time give a look and feel of a male persona that is a manifestation of the core values that MARG ProperTies brand stands for.
Mr Joy will now be the spokesperson for the MARG ProperTies brand.
Commenting on this refreshed branding, GRK Reddy, Chairman & Managing Director, MARG Group said, “Mr. Joy, the mascot of MARG ProperTies is an attempt to personify the MARG ProperTies brand and create a better brand connects with our customers. It is our constant endeavor to serve customers better and provide them with the very best available solution tailor made and customized to their requirements. Mr. Joy is a manifestation of our desire towards customer delight and represents serious effort on our part to provide unmatched products and services”.
On the new initiative, S Ramakrishnan, CEO, MARG ProperTies said, “Mr. Joy perfectly blends with the brand that is known for its excellence in terms of expertise, delivery and its strong customer-friendly approach that infuses joy in the lives of its customers. The friendly demeanor of the mascot is sure to build strong and instant ties with the target group and would go on to give a shot in the arm to the brand. This is just the beginning of a joyous ride and we hope to enrich and further strengthen our ties with our loyal base of customers.”
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