Real Estate

shri sai nath colonizers launches new residential plots flats and apartments in JAIN CITY (PLOTS)- JAIPUR

Fri, 11 Dec 2009 00:29:28 GMT

Project Name Jain City (Plots)

Name of Builder shri sai nath colonizers

Project Type Residential

Price Please Contact for price

Location Jaipur

Agent Shri Aditya Estates 42470622, 9810445860

The Jaincity Jaipur is spread over 140 acres of lush green environs in Jaipur, promising the best of international quality residential and commercial possessions. The magnificently planned township offers plots, built up floors, apartments, pent houses, shops, etc. offering all the best facilities that any township can boast of.

Quality of Life

Modern integrated township with all facilities like wide roads with green belt, developed children parks, health club, swimming pool, schools & engineering college,pure water, Round the clock electric supply & security, multispeciality hospitals and a ultra modern shopping complex at your doorstep.

Features

The Jaincity Jaipur Project is spread over acres of lush green environs in Jaipur, promising the best of international quality residential and commercial possessions. The magnificently planned township offers plots, built up floors, apartments, pent houses, shops, etc. offering all the best facilities that any township can boast of. It plans to provides exceptional amenities like - clubhouse, schools, hospital, shopping center, dispensary.It facilitates drip irrigation and water harvesting systems, parks and jogging trails, wide roads, 100% power back up, for group housing and commercial, ample parking space and round-the-clock security.

Good Living Experience

* Fully self-sufficient township.

* Well connected by by National Highway NH 12 To Kota.

* 5 min. drive for proposed International airport.

* 28 kms from Rambag Palace

* Located at Shivdaspura, Near Choki Dhani

* Easily accessible to Shri Padam prabhu ji Temple

* Pollution free environment

Interiors

* Three and four bedroom apartments area from 2341 sq ft. to 2300 sq. ft.

* Two face open floors, five balconies per apartment.

* Premium building finishes.Power back up, 24-hour, three-tier security

Twin parking areas.

* Well laid out landscaping with fountains and greens.

For moer info lig on to http://www.zameen-zaidad.com/jain-city-jaipur.aspx

Panchsheel Colonizers Pvt. Ltd. Launches New Premium Residential Twonship PANCHSHEEL PARK JAIPUR

Fri, 11 Dec 2009 00:27:50 GMT

Project Name Panchsheel Park Plots

Name of Builder Panchsheel Colonizers Pvt. Ltd.

Project Type Premium Residential Twonship

Price As Below

Location Ajmer Highway, Jaipur

Agent Shri Aditya Estates

42470622, 9810445860

Jaipur, one of the most beautiful, well-planned and livable cities in the world now boasts of another historic township project, the Panchsheel Park. Located on the fastest growing hub, the 6-lane Jaipur Ajmer expressway, the 800-acre Park embodies all amenities that make up comfortable modern-day life.

Mini India, a unique theme park spread over 50 acres is all set to offer a glimpse of various parts of India... monuments, people, attire, culture, language, and cuisine. this traditional theme park, beautifully landscaped and designed is sure to be a prime attraction among the tourists visiting Rajasthan.

Resort Hotel

A luxurious and truly international Resort Hotel is being set up in collaboration with the Tivoli Garden Resort Hotel. Tivoli is one of the leading resort chains known for its hospitality tradition, luxury and comfort. It is the preferred choice of the movers and shakers of the society. At Panchsheel Park it is coming up with a 200-room luxurious Hotel with state-of-the-art banquet and conference facility.

18-hole Golf Course

Amusement Park

Club

Mini India

Cricket Academy

Super Specialty Hospital

Resort Hotel

For more info log on to http://www.zameen-zaidad.com/panchsheel-park-jaipur.aspx

SOME FORMS OF DEEMED TENANCY

Mon, 07 Dec 2009 23:56:38 GMT

A tenant can continue holding possession even after the lease is determined

Deemed tenancy is a 'tenancy by holding over'. It is an implied tenancy. Under the Transfer of Property Act 1882, some circumstances lead to a tenancy by holding over.

When tenancy by holding over is created:

• The lessee or underlessee of the property remains in possession after the determination of the lease granted by the lessor

• The lessor or his legal representative either accepts rent from the lessee or underlessee, or otherwise assents to his continuing in possession

• There is no agreement to the contrary

The expression 'holding over' refers to retaining possession. There is a distinction between a tenant continuing in possession of a property after the determination of the lease, without the consent of the landlord, and a tenant doing so with the consent of the landlord. The former is called a tenant by sufferance. On the other hand, the latter is called a tenant holding over.

A lessee holding over with the consent of the lessor is in a better position than a mere tenant at will. The assent of the landlord to the continuance of the tenancy after the determination of the tenancy creates a new tenancy.

In such a case, the lease is renewed from year to year, or from month to month, according to the purpose for which the property is leased. For example, say A lets-out a house to B for three years. B underlets the house to C at a monthly rent of Rs 2,000. The three years expire, but C continues in possession of the house and pays the rent to A. So C's lease is renewed from month to month. Similarly, in case A lets his house to B for the life of C. If C dies, but B continues in possession with A's assent, then B's lease is renewed from year to year.

A statutory tenancy is distinct from a tenancy by holding over in the sense that the former is more specific. Most rent control acts recognize statutory tenancy - either expressly or by implication. In case a tenancy is given protection under a statute, it is called a statutory tenancy.

In case of a statutory tenancy, the rights of a tenant who retains possession by holding over is defined by the statute. All rent control acts recognize and afford protection to tenants against eviction despite termination of tenancy except on the grounds recognized by the acts.

Courtesy:- FT dt:- 29/11/2009

HDFC BEHIND SBI HOME LOAN POLICY

Mon, 07 Dec 2009 23:55:10 GMT

On Tuesday, HDFC announced its home loan policy as like running SBI is dual rate Home loan policy under which bank charged fixed rate for some tenure and then floating rate for a loan of Rs 30 lac for 20 years, HDFC will be changed a fixed rate i.e 8.25% up to march 2012 and then a floating rate i.e. 500 basis points below the Prime Lending Rate (PLR), currently is 13.75% on another hand, already SBI is charging 8% for first year and 8.5% for next two year and from fourth year the borrow can opt between a fixed and a floating rate, SBI’s floating rate in 275 basis points less than its PLR i.e. 11.75%.

When SBI launched its popular scheme it was vehemently criticized by HDFC chairman Mr. Deepak Parekh but due to abundant liquidity and fierce competition, HDFC accepted similar scheme. This scheme is only for new customers who apply before Jan 31, 2010 and avail at least a part disbursement before March 31, 2010. While the fixed rate will remain the same irrespective of the loan amount, the floating rate will vary with the loan amount.

HDFC now has three slab i.e loans up to 30 lacs, between, 30 to 50 lakh and Rs 50 lakh & above.

For more details visit: http://www.zameen-zaidad.com

http://www.propertycafeteria.com

HOLY PLACES SHOW THE WAY

Fri, 04 Dec 2009 00:26:59 GMT

Religious places are showing the way to go... and building quality real estate in studio, one- and two bedroom categories Namrata Kohli gives a lowdown on small units done up in the most creative manner at Vrindavan and Mathura

Creative designs of smaller units abound in religious places. So, whether it is Vrindavan or Mathura, Haridwar or Rishikesh, there are innumerable examples of good quality studio apartments in each of these places. The reason clearly is a growing segment of religious and wealthy who desire a second/holiday home at these religious places with a manageable size house, which caters to their frequent but short visits, and becomes their retirement home in later years. Builders have understood this need and are offering the religious and wealthy group very easy-to-manage, semi- to fully-furnished small units in lovely gated communities.

A case in point is a complex with 85% greenery and only 15% constructed area with 248 5-star fully furnished cottages, complete with designer furnishings and fittings, and each cottage equipped with microwave, refrigerator, LCD TV and airconditioned rooms. The campus has landscaped gardens and water features, amenities like club house and hi-tech gym, yoga and meditation centre, indoor swimming pool, spa and sauna and battery operated golf carts for internal commute.

This is not a cut from the real estate of a developed country in the west but a boutique development in our own countryside, in Mathura, by a group called Shri Group. This creative project called Shri Radha Brij Vasundhara is at the feet of Govardhan Parvat and enroute the famous Parikrama of Govardhan Parvat. The project has onebedroom, two-bedroom and duplex cottages, each of which is fully furnished and �one has to just arrive with bag and baggage�, says Sapna Aurora, manager of Shri Group.

A one-bedroom, fully furnished cottage of 760 sq ft costs Rs 25 lakhs, a twobedroom cottage of 960 sq ft costs Rs 30 lakhs and a duplex costs Rs 35 lakhs. Sapna adds that there is a tremendous interest shown in these cottages by a specific group of people - the Iskon devotees - Lord Krishna bhakts, both from India and abroad, and NRIs belonging to Rajasthan and Gujarat. The concept is one of lifestyle living providing for a perfect ambience in the vicinity of the Lord; it has also been done up to attract nature lovers. �We have queries pouring in from Iskon followers from Ahmedabad to New Zealand and 70% of the project is sold out,� says the group�s spokesperson. Some of the other interesting works of Shri Group in Mathura include projects like Shri Jamuna Dham, Shri Radha Orchid, Shri Radha Puram, Shri Radha Puram estate.

Omaxe group has launched Omaxe Eternity, a project of on nearly 74 acres. The size of the built-up area is 425 sq ft, 840 q ft, 1100 sq ft and the rate is Rs 1,600 per sq ft + additional charges. The maximum demand in a place like Vrindavan is for studio units and as per Rohtaz Goel, religious tourism is the key driver of Vrindavan real estate and for that matter for any religious place, though actual residents too buy apartments, but preferring bigger units. These units are available in a price band of Rs 7 lakhs to Rs 17 lakhs and is high on features like a yoga and meditation centre, central park with musical fountain, large open green spaces, local shopping area, wide roads with ample parking spaces, provision for schools within the complex, gated entry-exit and security arrangements, kids park and play area, recreational centre, restaurant facility.

NRI Greens by Shri Group has semito fully-furnished units available in the Rs 9 lakh to Rs 19 lakh price band with sizes varying from 460 sq ft (studio) to 850 sq ft (one bedroom) and 1,058 sq ft for a two-bedroom unit. The project will provide facilities like pool, billiards, gymnasium, sauna bath, clubhouse, Jacuzzi, spa, and separate kids area.

On an average, land cost at Mathura is Rs 8,000/sq yard while at Vrindavan it is Rs 12,000/sq yard and the unit cost of apartments at Mathura is Rs 1,200/sq ft and at Vrindavan Rs 1,700/sq ft.

Juxtapose these quality developments with say what is available in the metros in smaller units category and you only have one option - the Janta flats and the LIG - sample Dwarka Sector 16 B flats, which have approximately 1,600 units, in an affordable range of Rs 10 lakhs to Rs 15 lakhs. Though there are any number of people who would want to stay in such affordable accommodations, why is it that these flats have less than 40% occupancy?

Not that there is no demand in metros for smaller units � infact, it is a much sought-after category and there is a huge pent up demand for good studio apartments. According to broker Ranvir Singh, �We have many enquiries from single working professionals, especially engineers and call centre executives, and even students, who need only a single-room set. Their requirement is for one kitchen, one bathroom and one room and these flats fit into the category. But takers are few as the design, civil and structural and interior fittings, are wanting in every aspect.�

No wonder then, these flats are less used for housing and these are more of a hub for commercial activities housing property dealer offices, beauty parlours, maid agencies, doctor clinics, pet clinics, and small shops - in fact, everything but residential accommodation. The vast investor communities, who indulge in bulk buying, have tapped the rest of the Janta flats and as soon as they make a fast buck, they sell it off to others. A broker says that an investor had bought a Janta flat for Rs 9 lakh in November 2007, and currently the value of the same flat is Rs 13 lakhs.

So what is wrong with these flats? These flats, which anyways are small - comprising one room, kitchen and toilet, which tot up to a total of 250 sq ft -call for better optimization of space. They could do with a better design, as well as civil, electrical and interior fit-outs.

Pointers to better design abound in neighbouring religious centers which may be expensive but given the amenities and quality of construction, no one will mind paying extra. It may be worthwhile to take a cue from them.

Isn�t it time that the state customized to the new-age requirement and created accommodation that is usable and useful for the end user? Moreover, there could be some policy initiatives which could ensure that these flats are used by the end user rather than ending up in the hands of shortterm real estate traders.

Vivek Dahiya, a real estate consultant points out that in mature real estate markets like the US, there is a �concept of shared equity between the developer and the government. The flats are passed onto end users at subsidized rates but thereafter if there is appreciation in values, it is not passed on to the buyer - it remains with the developer and the government, who have taken the risk and a cut in the profits by passing on the subsidy at the initial stage. Any appreciation five years hence is developers� gain and this kind of regulatory technique is one way of controlling mindless investment activity in real estate.�

Courtesy:- TOI dt:- 21/11/2009

DREAM LAND

Fri, 04 Dec 2009 00:24:19 GMT

A weekend home may provide you the much-needed break from the city grind but make sure that you invest in a location and project that allows for sufficient resale value, say Neha Dewan & E Jayashree Kurup

Are you confused over various options to get away on the weekend? Why not get one of your own instead? Investing in a weekend home can provide you with a retreat which will be your own always.

But what really is the concept of a weekend home? And how popular is it? Says Raminder Grover, CEO, Homebay Residential, Jones Lang LaSalle Meghraj, �A weekend home would differ from a vacation home by virtue of being close enough to the primary place of residence to reach within a few hours, yet far enough and in more convivial surroundings to provide a break from the oppression of city life. Buyers from the more affluent class are the ones currently looking at weekend home options.

Agrees Rohit Gera, executive director of Pune-based Gera Properties who feels that people buy these either as an investment or to upgrade to a larger home, with better facilities, amenities or a better location. �Most weekend homes are in the same city, but probably in a new upcoming suburb which offer them better infrastructure and amenities. If they buy in some other city, it will be due to the exposure they have had to that place before. They would have either studied, lived or worked there.�

Close to Delhi, Karnal, Jaipur and Manesar are good options to look for a weekend getaway investment. Whereas in Mumbai, areas such as Panvel, Nerul, Matheran and Lonavala are popular. In Chennai, the best location for a weekend home is the East Coast Road due to its road connectivity to the metro and proximity to Chennai.

Developers are making ample use of the opportunity at hand. Real estate developer and asset management company, Alpha G: Corp, for instance, is currently in the process of handing over to buyers the plotted development of 141 acres in Phase-I of Alpha International City, Karnal. Just a two-hour drive from Delhi and close enough to Chandigarh, the group found among its buyers an interesting mix of users. The scenic surroundings, the pleasurable drive, the impeccable infrastructure and the availability of water and electricity in abundance made this an attractive choice for prospective buyers.

Says S K Sayal, director & CEO, Alpha G:Corp, �The extensive research done by our team before launching revealed very clearly that there was an ever-increasing aspiration and demand for more wholesome and organised lifestyles among adults as well as children in families of tier II & III towns as well as people from Delhi and Chandigarh. They seized this opportunity in a destination deemed as a premium investment opportunity in real estate.�

Similarly Raheja Developers is coming up with a 160-acre township in Sohna near Gurgaon which has a combination of large size plots and villas. They are also coming up with a group housing project in Dharuhera near Manesar which is being positioned as �a good highway retreat.� Harinder Dhillon, VP, marketing, Raheja Developers says that the trend of investing in such homes is picking up. �This trend is getting stronger now with the market revival. We expect this upward trend in demand for weekend homes to continue in the days ahead.�

Closer to Mumbai, developers have options coming up in Lonavala, Pune and Goa that can attract the clientele from the western part of the country. Gera Properties� GreensVille SkyVillas in Kharadi, Pune, and their Astoria project in Panjim ,Goa, have seen a lot of such home buys.

Similarly, Magarpatta City in Pune was launched over a decade ago as a premium lifestyle concept on the periphery of the city � a selling point for buyers from both Pune and Mumbai. Today, the Magar Group has launched Nanded City, an education hub with a good number of first home buyers. However, its idyllic setting also brings in second home buyers. If you are looking for options around Chennai, weekend homes are very popular on the East Coast Road (ECR), which is one of the most premium residential locations in Chennai starting from Neelangarai up to Mahabalipuram. The areas include Injamakkam, Akkarai , Panayur, Uthandi, Kanathur and Muttukadu, according to Kalpana Murthy, regional manager, residential services at Cushman & Wakefield.

An average minimum sized three-bedroom house, which is closest to the beach and measuring 3,000 sq ft built up on three grounds would cost around Rs 2.5 cr in Neelangarai.

There are, however, some important dos and don�ts while investing in a weekend home. Choice of location, adequate security measures and proper documentation are the most significant measures that need to be kept in mind. �Invest in a location and project that allow for sufficient resale value should maintenance of the property prove untenable, or if fast liquidity is required. Do a due diligence on the property�s antecedents and ensure that all necessary permissions and clearances are available. Ensuring that the property exists in an area that is not overly secluded will also hold you in good stead,� says Grover of JLLM.

Rohtas Goel, CMD of Omaxe says it is necessary that the buyer do a thorough market survey of the area before finalising the deal which would give them a better idea of the facilities provided by developer and overall state of infrastructure. �A holistic view about the location is paramount before any property purchase decision is taken.�

Courtesy:- ET dt:- 22/11/2009

The Realty Check

Tue, 01 Dec 2009 22:57:48 GMT

Sandeep Rai and Neha Bhatia

Recently held The Economic Times Realty Convention, 2009 brought forth the who's who of the realty sector that included developers, policy makers, financiers and big names from eco-efficiency sector among others on one integrated platform.

The discussions therein highlighted the burning issues pertaining to the fallout of recession on the property sector, the current scenario and the future challenges. The prominent portion of the discussion was focused on the dire necessity of bridging the yawning gap between the demand and supply of affordable households in the country, a serious but neglected sector till a year ago. Dr. M. Ramachandran, secretary, union urban development ministry, put the shortfall figure as 24.7 millions homes.

The global recession brought with it a ray of hope for all those who could not afford a house thanks to the evergrowing prices in the realty sector. The key discussion in the convention revolved around affordable housing- a dream that the new age real estate developer has envisioned. The focus on affordable housing over the last one year is actually a marked change from the past when real estate players were primarily targeting high priced premium housing schemes. "Part of the slowdown was caused by rush of real estate companies to go for top-end housing," said urban development minister S. Jaipal Reddy while addressing the convention. Realizing the seriousness of the situation, the minister informed that the urban ministry was in talks with the ministry of finance to make an interest subsidy and other tax incentives to borrowers on loans of Rs 20 lakh to be raised to Rs 30 lakh. Rohtash Goel, CMD of Omaxe Ltd and president of National Real Estate Development Council (NAREDCO), echoed the minister's sentiment on the issue and said, "This is the time when the real estate market will witness fundamental change for now buyer will look for need based accommodation. He will be highly cautious and choose on the basis of performance rather than euphoria. With the focus shifted to affordable housing, the real estate sector will now speak more about volumes." He showed optimism in the changing scenario but raised some concerns on the tax code and asked for more relaxations for the developer community.

Addressing the concerns about shortage of land, Anshuman Magazine, CMD, CBRE India, said, "There is a lot of discussion on how do you get affordable land? The government can't acquire land and give it free to a developer. It is really infrastructure. The more infrastructure which is developed, more land supply can come in." To this Amit Mookim from KPMG, added, "When we talk about infrastructure, look at hospitals, look at education, in that entire premise itself which can give the developer additional revenue streams and the government will be more than willing to actually support in building out that infrastructure."

In current times one of the most pertinent questions relates to the sector's role in reducing global warming which is set to pose some serious environmental threats in the near future if warming process is not reversed and that requires concerted effort from all areas. Reddy particularly emphasized on the need to development of the 'green houses'. He said, "We are about to launch a project to create sustainable habitat aimed at developing green buildings." He also urged the developer community to develop homes with inbuilt energy saving measures. Adding to this Mili Majumdar, associate director, Sustainable Building Science, The Energy Research Institute, said, "There is an unrealized potential which the developers are not realizing within their own selling platform. They have a huge potential in sustainable development to attract consumers. Instead of selling high-profile sanitary fixtures it is better to sell energy efficiency and also it doesn't cost anything. It is a win-win situation. There is a need for this concerted approach. We need intervention at the policy level and awareness needs to come both at the developer and consumer level to incorporate these in the main stream. "

Another area that was widely discussed in the convention was about the irreversible process of urbanization that was gradually clogging up 400 plus cities of the nation. The rising need for better infrastructure was elaborately talked about. In that context, the main points in the government's flagship scheme Jawaharlal Nehru National Urban Renewal Mission (JNNURM) for a period of seven years (2005-2012) with an allocation of Rs 50,000 crore, to develop quality infrastructure and governance in the urban cities of India was discussed by the representatives of the ministry. According to Ramachandran, "There are issues pertaining to infrastructural development which are addressed in the JNNURM since unless there is strong infrastructure, cities will not be able to cater to the rising population in the cities in terms of civic amenities. The issues relating to master plan, urban planning, the integration of the various components of the elements like transportation, land dues, drinking water are all addressed therein." Reddy bifurcated the fund usage when he informed that almost 90% is to be used for developing basic services like drinking water facilities, sewerage, underground drainage, solid waste management, storm water drains and so on, further around 10% of the fund has gone for developing infrastructural facilities.

The initiatives were largely welcomed by the panelists. Said R.V.Verma, ED, NHB, "There has been growing intermediation from the government sector and it is a very positive sign. The National Urban Housing and Habitat Policy has thrown up number of positive elements." Nevertheless, they were more or less skeptical about the implementation part. Speaking about affordable housing in partnership, Navin Raheja, MD, Raheja Developers Ltd, was quick to point out his concerns about the implementation of the ambitious project initiated by the government, "The schemes are wonderful but the things delivered to us are marred with the same systems and same hurdles. Two years have passed and yet we have to get at least 20 clearances to begin work."

While till now what is affordable was not available, the panelists at the convention envisioned the dream that things will no longer be the same in the coming years.

Courtesy:- TOI dt:- 20/11/2009

MAINTAINING AFFORDABILITY

Tue, 01 Dec 2009 22:56:32 GMT

Neha Bhatia

Affordable housing, in the current scenario, has become the buzzword in India's real estate sector. Almost every developer is talking of getting into this segment that involves putting up houses for the masses. Although developers are reintroducing one-bedroom apartments and, in the current falling interest rate scenario, buyers are making a comeback, the real issues related to affordable housing still need to be addressed. In the recently held The Economic Times Realty Convention 2009, panelists from all across the sector discussed concerns that come in the way of affordable housing.

Giving a broad perspective about the whole concept of affordable housing, Amit Mookim from KPMG explained, "When we look at the entire gamut of affordable housing there are around five stakeholders. There is the government and public agencies, developers who are the key to making this happen, lenders who finance the consumers and the consumer who has very specific needs. He/she has specific choices on where to live, what amenities he/she wants, what kind of infrastructure, health, sanitation, education, etc., is provided there. Fifth and not the least important is the investor who funds a lot of these activities. For this model to succeed all these factors must be taken care of and it should be a win-win situation for all." To this Anshuman Magazine, chairman and managing director, CBRE India added, "What is affordable in Mumbai may be a luxury in Hyderabad. The ticket size is the best criteria and should be kept in mind always." Talking about the viability of affordable housing projects, Rajiv Talwar, executive director, DLF Ltd shared, "Fortune lies at the bottom of the pyramid; there will be no fortune if there is no profit. A project is not viable if it doesn't give a return. What the government is trying to look for is lesser returns through greater volume. If the volumes are large then the lesser profit margin will make up for it. There is a need to empower the borrower and the milestone that should be tried and achieved is to ensure that the EMI of the borrower is less than the rent paid for similar housing. Also as a publicprivate partner, the biggest role of the government is to keep the land prices in check. It should aim at rejuvenating the supply side of the land. Industries can be shifted to the periphery so that land can be used for residential purposes. We went for industrial development in the first five decades after becoming independent but now there is a need to adopt the residential model." To this PK Mohanty, joint secretary-JNNURM-Ministry of Urban Development & Poverty Alleviation agreed, "Need has arisen to add people to the public-private partnership. As such it is the people for whom this is being done. Even government agrees that there has to be a convincing business proposition. That is the reason we are coming up with developer friendly policies."

Other than bringing the cost down it is the delivery option that is critical in affordable housing. On this Navin M Raheja, managing director, Raheja Developers Ltd. shared, "Implementation and facilitation of policies is mandatory. There is a need for separate single window clearance system to ease out the whole process for the developer. Also a model code needs to be framed for this sector." Adding to this, Talwar emphasized, "Time taken for approvals is too long. We don't want the government to deregulate the approvals or make them more transparent but the idea is to save time. By saving time we can land up any home or any project to the eventual buyer at a cheaper rate. Nobody minds paying a higher cost for the approvals, but the time taken has a greater meaning when it comes to the costs." Addressing the issue of cost management in this sector, Mookim said, "One of the key challenges in actually meeting the demand for affordable houses is going to be cost management. This will be a function of how the developers institutionalize this process; How they think big, beyond a 100 or 200 apartments to actually a 1000 or 2000 apartments; How they leverage global best practices from the countries where a lot of these large projects have taken place; How they think beyond real estate and include infrastructure as an important element; How they leverage this business model and gain economies of scale to save cost."

The panelists mentioned efficiency, delivery by suppliers, infrastructure and reforming the paradigm of planning as some of the challenges faced by the sector. The positives as seen by the panelists were; tremendous emphasis on affordable housing, awareness and supply of land in peripheral areas and focus on large volumes.

Sanjay Verma, executive managing director - South Asia, Cushman & Wakefield concluded, "There is a dire need to invest time and energy in increasing the efficiency of output and also the developers should look out for alternative construction technologies. Also a hand-shake approach between the developers and the government is essential."

Courtesy:- TOI dt:- 20/11/2009

SOBHA DEVELOPERS LAUNCHES NEW SUPER LUXURY APARTMENT SOBHA CARNATION IN PUNE

Fri, 27 Nov 2009 21:00:06 GMT

Project Name Sobha Carnation

Name of Builder Sobha Developers

Project Type Super Luxury Apartments

Price As Below

Location NIBM Kondwa, Pune

Agents Shri Aditya Estates 42470622, 9810445860

Structure

* Basement+ Ground + 9 storeyed RCC framed structure with concrete block masonry walls.

* Covered/semi-covered car park in Basement/ Ground level.

Foyer/Living/Dining

* Superior quality vitrified tile flooring and skirting.

* Plastic emulsion paint for walls and ceiling.

Bedrooms

* Superior quality vitrified tile flooring and skirting.

* Plastic emulsion paint for walls and ceiling.

Toiletes

* Superior quality ceramic tile flooring.

* Superior quality ceramic wall tiling upto false ceiling/ceiling.

* False ceiling with grid panels.

* Plastic emulsion paint for ceiling for apartments on the top most floor.

* Granite vanity counter in master bedroom toilet.

Kitchen

* Superior quality ceramic tile flooring.

* Superior quality ceramic tiling upto ceiling.

* Plastic emulsion paint for ceiling.

Staircase

Open Staircase

* Granite treads & risers.

* MS handrail.

* Textured paint for walls.

* Plastic emulsion paint for ceiling.

Fire Exit Staircase (enclosed with fire rated doors)

* Cement concrete for treads & risers

* Parapet wall with granite coping

* Textured paint for walls.

* Plastic emulsion paint for ceiling.

Common Areas

* Granite/Vitrified tile flooring.

* Superior quality ceramic tile cladding upto ceiling.

* Plastic emulsion for ceiling.

* Granite coping for parapet/MS handrail as per design.

Balconies/Utilities

* Superior quality ceramic tile flooring and skirting.

* Granite coping for parapet/MS handrail as per design.

* Plastic emulsion paint for ceiling.

* All walls painted in textured paint.

Servant Room

* Superior quality ceramic tile flooring.

* Plastic emulsion paint for walls & ceiling.

Servant's Toilete

* Ceramic tile flooring.

* Superior quality ceramic tile cladding for walls upto false ceiling.

* Plastic emulsion paint for ceiling for apartments on the top most floor.

Joinery

* Main door / Bedroom doors

o Frame - Timber

o Architrave - Timber

o Shutters - with both side masonite skin

* All other external doors to be manufactured in specially designed heavy-duty powder coated aluminium extruded frames.

* Windows / Ventilators

o Heavy duty powder coated aluminium glazed windows made from specially designed and manufactured sections.

Lifts

* Total no. of 8 lifts of reputed make.

* Capacity - 4 nos. of 8 passengers and 4 nos. of 16 passengers.

Landscape

* Designer landscaping.

Common facilities (Common to all projects in campus)

* Well-equipped clubhouse.

* Swimming pool.

For more info log on to http://www.zameen-zaidad.com/sobha-carnation-pune.aspx

MAHINDRA ROYAL DEVELOPERS LAUNCHES NEW RESIDENTIAL 2BHK, 3BHK APARTMENT IN PUNE

Fri, 27 Nov 2009 20:59:14 GMT

The project is stretched over 9 acres of land in Pimpri, Pune. Everything you could possibly need is close by, like upmarket malls, multiplexes, schools, hospitals, ATM's and playgrounds. It is also close to the Mumbai-Pune expressway and the Pune-Nashik highway.

Mahindra Royale is a project with 12 bldgs with 480 flats.

On each floor 6 flats (2 flats of 3BHK and 4 flats of 2 BHK)

The area of 2 BHK flats varies from: 1142 sq. ft - 1224 sq. ft

The area of 3 BHK flats varies from: 1545 sq. ft - 1600 sq. ft

In the External Amenities we have:

� Beautiful Landscaped gardens

� Swimming Pool

� Well - equipped Gymnasium

� Clubhouse

� Half Basket Ball Court

� Jogging Track

� Sandpit

Mahindra Royale has incorporated the green design in all their buildings and has many firsts to its credit�.

* Improvement of ventilation effectiveness by providing an open able window space to Floor space ratio of over 15% (as against the minimum of 4% stipulated by ASHRAE).

* Use of low VOC (Volatile Organic Compound) paints, adhesives and insulations inside the apartments for improved moisture management and control of contaminants. Above all a healthy environment for your kids.

* High�albedo-insulating material on the terrace roof, with a SRI (Solar Reflectance Index) value of over 78, to reduce heat absorption and the resultant energy demands for air-conditioning.

* Installation of high energy efficient low emissive glass in all fenestration which will have low SHGC (Solar Heat Gain Co-efficient) with U value less than 1 Btu (Thermal) /hr.sqft.�F. This glass has a high light transmission ratio with low shading coefficient and in turn induces more daylight effect than normal glass. Due to low SHGC, the energy requirement for indoor air-conditioning is substantially reduced.

* Use of flyash based concrete bricks/blocks of low energy density for internal as well as external walls.

* Covering of walls with cement mortar plaster incorporating Polypropylene fibres and waterproofing admixtures. This kind of `Building Envelope� protects the building from water leakage. It also promotes better insulation, thus reducing the energy demand for air-conditioning systems.

* Installation of highly water efficient fixtures with aerators will be installed in water outlets in each apartment to minimize wastage and reduce water demand by minimum of 30% w.r.t normal water fixtures.

* Development of an innovative erosion and sedimentation control management system outside the building, with a rainwater harvesting system and storm water management to recharge the ground water.

* Installation of an in-house STP (Sewerage Treatment Plan) to reuse wastewater generated from the building, to further reduce demand for water.

All the above initiatives will together create a healthy living space for our residents and result in interactive effects of energy efficiency measures.

For more info log on to http://www.zameen-zaidad.com/mahindra-royale-pune.aspx