real estate india

TRANSPORT CORPORATION OF INDIA rose 3.36 per cent to Rs 83.00 on reports that the company was planning to venture into real estate and have a pan –India presence in the sector. The company has 200 properties across the country, which can be utilized for residential and commercial projects. The company also intends to increase its existing warehousing facilities from 7.5 million square feet (msf) to 12.5 msf in 2-3 years. The stock made a 52-week high of Rs 185 on January 1 and a 52-week low of Rs 71 on March 24.

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Despite a slowdown in Bangalore’s real estate market, locations like Hosur Road have emerged as hotspots, riding high on the rapid infrastructure development in the city

Hosur Road in South Bangalore, where the new expressway from Silk Board Junction to Electronic City is under construction, is buzzing with activity. While the developers are attracted there, anticipating huge demand, real estate analysts look at it as the emerging hub of development.

Flanked by the city’s popular Forum Mall on one side and the IT hub – Electronic City on the other, Hosur Road became the investor’s choice for real estate investments in the recent past. This stretch, almost 25 kms in length, goes all the way to Hosur city in Tamil Nadu and is one of the fastest growing realty corridors in Bangalore. Activity is intense on all fronts – residential, retail and commercial.

                                                                                                    Courtesy Realty plus

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THE government will incentivise builders for redeveloping the Capital’s old markets and slums. Real estate companies can now build taller structures while remodelling shopping centres and slums as government would enhance the floor area ratio (FAR) for undertaking such projects.

      They can avail up to an FAR of 4 if they go in for redevelopment of markets like Sarojini Nagar and Karol Bagh, an official in urban development ministry said. The government would also allow the developers 20% of the FAR for individual use. The redevelopment schemes for Delhi have been incorporated in the Master Plan 2021.

  “The Master Plan would allow redevelopment provided the builders secure approvals for their building plans. Higher FAR will, however, not be permissible in redevelopment of Lutyens Bungalow Zone, Civil Lines Bungalows Area and monument regulated Zone,” a senior urban development ministry official said.

  Apart from re-development of Karol Bagh and Sarojini Nagar, many other shoppong arcades and centres would be remodeled on the similar lines. This include Nehru Place, Rajendra Place, Bhikaji Cama Place, Janakpuri, Laxmi Nagar, Shivaji Place (Raja Garden), Jhandewalan, Netaji Subhash Place (Wazirpur), Saket, Manglam Place (Rohini).

  In slum-redevelopment plan of the capital, the developers would be allowed to build houses for the slum dwellers and in return get a portion of the total space for development which they can sell at market rates. They will avail higher FAR and thus book higher margins in these projects. Delhi has around 900 slum clusters housing almost a fifth of its population. The initiative to redevelop 30 clusters is a major task for the government and urban development ministry. This is the first time the Delhi government is set to involve private developers in these projects. Several real estate firms, including India’s largest real estate development projects and are waiting for the government’s nod.

  The slum redevelopment projects in the capital will be on the lines of similar projects being undertaken in Mumbai’s Dharavi or other slum areas.

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2 BHK Luxurious Flat in Ghaziabad-80% green spaces Private balconies with all bedrooms Internet broad band connectivity. Ample parking space.Hi - tech security & fire fighting systems Modern high speed lifts Multipurpose hall Power backup & round the clock water supply Secure Central Park for children with swings and slopes Specialized day ècheck to take care of children, on chargeable basis Adequate cross ventilation and ideal natural light in every apartment Gym, swimming pool, jogging track, snooker / Table tennis / Basketball courts etc. Amphitheater with a provision of video wall and projection unit for an unlimited movie, matches and more viewing experience. Any further information please visit http://www.zameen-zaidad.com

Area:    Uttar Pradesh › Ghaziabad

Transportation: Raj Nagar Ext. NH 58

Ad ID:  14475

Type of ad:       Individual - Offer

Type of property:          Flat

# of rooms:       2 rooms

# of bedrooms: 2

# of baths:        2

Price:    Rs 21,00,000

Sq. Footage:     1250 sq.ft.

Amenities:         Basement/Attic, Lift, Parking/Garage, Parking/Garage, Pool, Tennis, Tennis

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     Gurgaon property in the plush locations and Industrial Plots of Gurgaon, Delhi/NCR.

     Make your dream come true- Gurgaon Properties extends to you the finest opportunities to buy:

Gurgaon Apartments/Flats/Condominium

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      Be the part of this opportunity before the prices reach beyond your limits, and treasure the pride of owning the most sumptuous property in the most emerging cities, that is Gurgaon. Invest or live in the finest properties made by reputed builders such as Gurgaon DLF, Gurgaon Unitech, Gurgaon Vipul, Gurgaon Vatika, Gurgaon Emaar MGF, Gurgaon Tata, Gurgaon Raheja, Gurgaon Parasvnath etc.

 Gurgaon is a peaceful area where crime rate is very low. Those people who have bought properties in this area are fortunate one in term of appreciation of prices, rental income and security. People who have invested here in this city have gained tremendously business wise as well as for personal use.

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 DDA Flats in Delhi have provided decent shelter and housing to countless residents of Delhi. In the true sense of the term, DDA Flats in Delhi have come as a relief especially at a time when the escalated prices of Real Estate and Delhi Property became unreachable to the lower and middle class residents of Delhi.

DDA (Delhi Development Authority) came into force in 1957 with an aim to provide solutions to the commercial interests and the housing demands in Delhi. DDA Flats in Delhi have been instrumental in carrying out the development in the city of Delhi that faces an influx of many migrants daily. At a point of time, containing the ever-increasing population was a major problem; however with the strategic vision of the Delhi Development Authority to promote decent Housing opportunities and simultaneously facilitate commercial activity.

DDA Housing in Delhi has made it clear that a Real Estate Market condition can be achieved where private Housing Companies like the Ansals, Arun Dev Builders, Purvanchal Constructions, etc can thrive and continue to make state-of-the-art advances in Property Developments at the same time, civilized and affordable housing and homes can be made available to the economically less privileged.

DDA Plots are the pieces of land that DDA acquires to carry out construction. In many ways, DDA Flats in Delhi have regulated the Real Estate Market in Delhi as it has made Affordable Housing for the underprivileged sections. Not just Housing, but DDA Flats in Delhi mark decent Housing with being supplemented with basic amenities like Water, Electricity Supply, and Drainage etc.

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After Africa and other third world nations, the United Nations (UN) has now chosen India to set up its dream village. UN, in collaboration with Mohanlal Mittal-led Gita Mittal Foundation (GMF), aims to establish a millennium village in Amarpura-a small village in Rajgarh district of Rajasthan-which would require investments of close to $15-20 million over five years. The idea is to fulfil the basic needs of infrastructure, health, education and employment for the local population.

Mr Mittal’s three sons-LN Mittal, owner of the world’s largest steel firm Arcelor Mittal, and Pramod and Vinod, promoters of Ispat Industries-would be primarily involved in the funding process. The association is now awaiting final nod from the state government and is slated to begin work on the project by this year-end.

The project is structured around the millennium development goals that the UN laid out in 2000 as part of an ambitious plan to reduce global poverty. The concept of millennium villages is the brainchild of economist Jeffrey Sachs, who is also a special advisor to the UN secretary-general. So far, UN has helped corporates build over 100 such villages globally.

Besides, GMF is planning to set up 32 centres of excellence across Rajasthan with an investment of close to Rs 100 crore over a period of 3-4 years to help students become employable. The foundation has tied up with the Indian Institute of Management, Ahmedabad, (IIMA) for the same. While Mittal brothers would set up the infrastructure, faculty and curriculum would be taken care of by IIMA.

These centres would offer various short-term subsidised post-graduate courses, primarily related to accounts, finance and personality development. The first centre would come up in Churu district of Rajasthan. Under the first batch, the foundation aims to enroll at least 500 students.

Courtesy:- ET dtd:- 05^th Aug 2008

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Govt Attempts To Revive Indisposed PSUs By Selling Surplus Land

SURPLUS land breathes life into ailing public sector units (PSUs). The government is considering proposals from PSUs to sell 1,300 acres in various states, worth several thousand crores of rupees, and use the proceeds to revive business. The companies which want to encash their surplus land include Heavy Engineering Corp (HEC) of Ranchi with 894 acre, Hindustan Photo Films with 150 acre in Tamil Nadu, National Textiles Corp with 130 acre of which 93 acre is in Mumbai, HMT with 30 acre in Bangalore and ITI with land in several states.

  Some PSUs like HMT Chinar owning land in tourist centres are looking at JVs to ser up hotels and resorts. “There is surplus land available with the PSUs. This can be put to commercial use and the money raised can be used to revive the companies,” a department of disinvestment (DoD) official said.

  Earlier, the Board for Reconstruction of Public Sector Enterprises (BRPSE) had suggested that ailing PSUs can use some surplus land for real estate development. The proposal was stalled because of opposition from the Left parties. The government is reconsidering the proposal since the UPA does not depend on Left support now.

  BRPSE had identified PSUs like Ranchi-based HEC, ITI of Bangalore, HMT, Hindustan Photo Films, National Textiles Corp and Fertilisers & Chemicals Travancore (FACT) which own surplus land available for disposal. “Sick PSUs have to realise the days of cheap loans from the government are over, and they need to explore all options for revival,” BRPSE chairman Nitish Sengupta said.

  Earlier, there were plans for a uniform policy on sale of surplus land by PSUs. “It’s now felt it should be left to the PSU and the government,” a DoD official said.

                                                                 Courtesy: The Economic Times 4-August-2008

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Builders would face hefty fines if they do not set aside 15% space in their housing projects for the economically weaker sections (EWS). The ministry of housing has asked states to crack down on developers who violate EWS reservation. Repeated failure to implement the policy may also result in government taking back land allocated for such projects.

                                                                                   Courtesy:ET Realty 01-08-2008

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