tondon

www.indianproperty4u.com inform you that  the Greater Noida authority is offering the middle-income group a rare opportunity to own independent, expandable and well finished houses. the Greater Noida Authority will construct 3,000 houses in sector 3, Xu-II and Xu-III. PC Gupta, deputy chief executive officer, Greater Noida Industrial Development Authority {GNIDA} said . The size of plot will be 120 sq m. While constructed houses will be available in 98.24 sq m. (aprox. 1057 sq.ft area). So GNIDA is developing residential properties in Greater Noida.

   The cost of house is Rs 29.98 lakh and each house will be allotted through lucky draw.   The allottees will be permitted to construct additional space beyond already approved building plan. Construction not confirming to the plan would have to be approved. The houses will have two bedrooms, one drawing room, kitchen and a bathroom. The housing complex will be built in new sectors like 3, Xu-II and Xu-III and will have a swimming pool. Park, community cente, post ofice, hospital, shopping complex and parking. Gupta said, this scheme is an opportunity for developers to be a part of making of a smart city.

For more detail of this scheme log on :- www.indianproperty4u.com or mail to us on info@indianproperty4u.com.

The proposed project of modernizing Delhi ’s airport By Delhi International Airport Private Limited (DIAL) is attracting large interests from leading players in Indian and international real estate and hospitality industry to develop 45 acres of commercial land near the international terminal. The company has so far considered 15 applications, of which, 9 have been short listed and four will participate in a competitive bidding process.

The list of short-listed list includes the prominent hotel chains such as Delhi-based Claridges, European hotel chain Accor and US-based Starwood (which owns the Le Meridien and Sheraton brands). As far as short-listed real estate firms are concerned, they are Emaar MGF, Parsvnath, Omaxe, Vipul, DB Realty, Pacifica and Marathon .

Applications under consideration are from top hotel chains ITC, Indian Hotels and Lemon Tree and engineering and construction giant Larsen & Toubro.

DIAL had invited 45 applications to develop hotel under different categories of the

‘hospitality district’ to come up near the international terminal. The district will feature premium, budget, business, upscale, and convention hotels to cater requirements of all

visitors.

Courtesy: Indianrealtynews

Many millionaires pay a few thousand rupees annually as lease rent for some of the most expensive Mumbai’s properties they hold. The leases for such properties have been expired long ago but the state government was in no mood to take any initiative to renew.

Indeed, the bungalow of the famous actor Shah Rukh Khan is leased out to him at mere Rs 2325 per year. The property is located in one of the costliest areas of Mumbai. Incidentally, he bought the property on an expired lease.

The issue is not just restricted to residential property. Many business houses and hotels in areas such as Mahalaxmi, Juhu, Bandra, and Dadar are rented out by the government on 3 to 99 year leases.There are 53 such expired leases in Mumbai that accrue only Rs 7 crore to the state government.

The government is planning to release a new policy to calculate the rental value. The leasers started seeking legal assistance when the official asked them to renew the market value. The consultants hired by the government will recalculate the amount, by the end of December, says Rajendra Shingane, MoS, Revenue Department, Maharashtra Government.

Although no specific investments are on the table, she said the fund, which has C$237.3 billion (US$243.9 billion) in assets under management, is “really working hard” on India now and might eventually look at other emerging markets.

The investment would be made under the fund’s SITQ unit, which specializes in the investment and management of office buildings and had C$10.6 billion in assets as of Dec. 31.

 Ms. Plante would not say how much the fund plans to invest in . “It’s really hard to give a hard number on,” she said, adding that it would depend on opportunities.

The activities have indeed put Pune on global business map in a dramatic way. It offers a plethora of opportunities in the field of retail, IT industry, BPO industry, and the hotel industry.

Everyone belonging to Pune property market is cashing in on the prospects that the city of gold offers. High and retail market space is the most preferred sector in the market. Pune education sector is also making rapid strides and has witnessed a huge influx of students coming in all across the world. This is contributing to the success of Pune and assisting it to come up as a global education destination.

The IT sector in Pune is encouraging the young generation to come forward and contribute to the economy’s progress. The city shares a big chunk of the $350 billion Indian retail market which is likely to grow at a rate of 13% per annum.

Pune Economy

Pune corporate sector is also taking full advantage of the city’s retail boom and making hay while the sun shines. Ongoing activities in Pune real estate clearly underline great improvements in the infrastructure, economy, and policies of Pune.

Pune properties are marking the growth along with prospects, excellent connectivity and educational facilities. Whether talk of industries or education sector, both are nurturing and shaping up in a decent manner.

Optimum Growth Expected

Pune is expected to see a sharp appreciation of around 500% in the service and industrial sectors. The actual potential lies in Pune residential property, shopping malls, education, and the hotel industry. These segments are undoubtedly fast flourishing. As a centre of education, Pune produces around 1,50,000 graduates each year, thereby adding to the manpower and fuelling the mentioned growth rate.

Pune has become a cosmopolitan city that is largely attracting the likes of all. The city’s infrastructure is developing at a surprising rate and constructive changes have taken place in the last 5 years.

The city has exclusive real estate projects in its pipeline. There is a project ‘ Business Bay ’ which will be an exclusive residential-cum-commercial project. It will accommodate high end retail outlets, corporate offices, and the residential units.

The construction work of the International Convention Centre (ICC) is on peak. Its third phase is also going to be over. Then, there is a real estate project by Kolte Patil Developers Limited, a prominent name in the commercial and residential development. The company is planning to take Pune residential segment on high by developing properties such as integrated townships, service apartments, and high end residential projects.

Courtesy: Indianrealtynews.com