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
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,
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
Here’s something about Mumbai properties which is truly surprising.
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.
Caisse de Depot et Placement du Quebec,
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.
Lease rentals and capital values are expected to remain high in
It pegged office space supply at 7.8 million sq ft in the Capital during the year. During last quarter (January-March), office rentals rose by 10-16 per cent in booming satellite city Gurgaon.
On Mumbai property market, C&W said supply of 12 million sq ft of new office space in the next 24-36 months was likely to bring a downward correction.
This much-needed downward price correction over medium term would help retain Mumbai’s competitiveness over the long term, the realty consulting firm said.
C&W, however, predicted the rising trend of Capital and rental values of office space to remain for few quarters to come due to short supply of quality space.