ICCPL PROPERTY NEWS

GREATER NOIDA: THE NEXT RESIDENTIAL AND COMMERCIAL HUB

For long run investors and future home buyers, regions on the edge of Greater Noida, in Greater Noida and Greater Noida West are fast emerging as the key realty hot spots in NCR. A very prominent sight last year was the price appreciation that took place in these regions with over 20 percent recorded; being higher than that of Delhi and Noida itself. Sectors adjoining Greater Noida such as sectors 148, 150, 154, 156 and others also saw a major capital appreciation. As Delhi is becoming saturated and Noida becoming expensive, buyers have started to move forward towards the outskirts of capital where regions in and around Greater Noida are being well focused by the authorities to develop it into a smart city for future. At the same time, the connectivity and location advantage that these regions carry is unmatched. There are two entry points for Greater Noida; one from Delhi via Mahamaya expressway and other from NH 24. The infrastructure and civic amenities are very sound in the region with a lot promised as well.

Big real estate names such as Bhasin Group, JM Housing, Ajnara, Supertech, Jaypee, Amrapali, Antriksh Group, Cosmic group, Gulshan Homz, Saya, KVD, ACE, Gaur and many more have made their presence felt in the region with all getting geared up with their projects. Many residential and commercial projects are underway in the region with wonderful amenities and facilities to pamper their residents and users. Bhasin Group, one of the most promising and emerging players of NCR has come out with a wonder project ‘Grand Venice’ at the gate of Greater Noida, being 2 mins drive from Pari Chowk. With Grand Venice, Bhasin Group has promised Indian customers a little Italy of its own with the kind of architecture, construction, amenities and services. More than a project, Grand Venice is all set to become a major tourist attraction of the country. Speaking of the Italian theme and uniqueness in the project; if you are looking for the famous romantic Gondola ride with your beloved to Venice or if you are looking for shopping travel or even if you are looking to take your family to Singapore or Dubai for underwater world then you don’t need to travel anywhere abroad, as Grand Venice has it all. Spread across 11 acres approx., the commercial project is based on an Italian theme with similar style of architecture used where one can find Light Towers, Leaning tower of Pisa and the most attractive and famous ‘Gondola Boat Rides’ on water canals built inside the mall. The mall also has a centralized weather management system to give the same environment of European weather with a digitalized sky with proper surround sound and visual effects. Mr. Satinder Bhasin, MD, Bhasin Group says “For a project to be successful, its region needs to be such that it is able to provide the correct infrastructure and back up to run the operations smoothly. Greater Noida is all set to transform NCR real estate market with its perfect blend of planning and execution. Grand Venice being one of our very first projects, we are focusing on providing something unique to the customers. Due to heavy impact of globalisation, people are more influenced towards modern living styles and themes as they feel that it more relaxing, entertaining and comforting. We had promised to offer the best modern amenities in the project and something unique to the Indian customers with respect to the concept. By this way, people get the best modern facilities at their perusal”.

After a long and undisputed success of Noida, Indirapuram and Raj Nagar Extn., government authorities have their hands and eyes all set for Greater Noida. Already known as the industrial and educational hub of NCR, Greater Noida has been witnessing enormous appearance of real estate developers for past few years and thus, property appreciation. Massive land reserves and expansion of product line, developers are been constantly tempted to put a foot in Greater Noida. JM Housing, one of the prominent real estate players of NCR is coming up with a residential project at Greater Noida West by the name of “JM Florence”. The project is offering 3, 4 BHK apartments with lots of modern amenities. Mr. Rupesh Gupta, Director, JM Housing believes that, “As a developer we feel thankful to the state government for providing us with such a place to build. It has got everything that a developer would want for its project. From a prime location and connectivity advantage to open roads, to metro stations, to hospitals, schools and much more to cherish as a commuter and resident. It has got all that we would want to flaunt our project with. After few years this place will be the ultimate destination of NCR for sure”.

Realty major of NCR, Gulshan Homz had recently launched it’s yet another luxurious project ‘Gulshan Bellina’. Being located at Greater Noida West, the project boasts of brilliant connectivity with Noida, Delhi and Ghaziabad. Mr. Deepak Kapoor, Director, Gulshan Homz says “This region being newer than others has received better attention from the authorities and thus, better infrastructure and facilities at public’s disposal. Also, this region holds a price edge over other NCR regions such as Noida, Gurgaon or even Faridabad. Therefore, it becomes easier for buyers to make the correct property decision and developers are able to satisfy the existing and future demand”.

Morpheus Group, an emerging realty major of NCR is coming up with their project “Morpheus Pratiksha”. Luxury needs of residents have been kept in mind as various unique features have been provided such as; Wi-Fi enabled complex, 3 tier security system round the clock, 24X7 automatic power back up & water supply, amphitheatre, automated car wash, Laundromats, exclusive library, lush green lawns, jogging tracks and much more. Mr. Prithvi Raj Kasana, MD, Morpheus Group says, “There is a lot of promise in this region as it gives a magnificent location advantage. This developing region has already received a wonderful feedback from the market and will continue to do so with the kind of infrastructure boost it is receiving as well as the kind of projects coming up here. The best part is the plan for this area. It is being strategically formed and laid out plus the proposed metro station and security services this place will be a big hit in years to come”.

Few developers have already delivered their projects and families have moved in; many are still under construction and a major chunk of realty players are launching new projects in and around the region of Greater Noida. Ajnara India Ltd. a major realty player in NCR is developing its residential project in Greater Noida West “Ajnara Le Garden” providing 2/3 BHK apartments along with all modern facilities. Ashok Gupta, CMD Ajnara India Ltd. says “Greater Noida, at present is the best deal for investment purposes. There is ample of space and scope for improvement and specially with the kind of infrastructure development it has been witnessing; be it Metro connectivity, education sector, health, etc., for the past few years, it is for sure that soon Greater Noida will become the first choice of every modern day investor”.

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ICCPL PROPERTY NEWS

GULSHAN HOMZ BAGS BEST LUXURY/PREMIUM DEVELOPER AWARD

New Delhi: Gulshan Homz, one of the leading developers of Noida bagged another award for the best luxury/premium developer of the year 2014. The award ceremony was conducted by Estate World; a magazine of Franchise India Holdings Limited which is one of the Asia’s largest integrated franchise solutions at Hotel Leela; dated 22nd December 2014. Gulshan Homz has been a name to consider with as it has got several years experience in the field of real estate. The company has been recognized many times in the last several years for their landmark work.

Think dream and get fulfill by Gulshan Homz. It is not just a statement; it’s a commitment between Gulshan Homz and their clients. This brand ensures to fulfill the dreams and requirement of our customer. Gulshan homz is another name of trust and on time delivery. These are beliefs and trust of their customer that today they are having a reputational position in real estate market. When people think about Gulshan Homz they only mean a quality construction and effective results. The clients give them a name similar to ‘luxury real estate developer’.   Apart from residential projects, currently Gulshan Homz are working on ample of priceless projects and scheme which definitely brings burgeoning smiles on many faces.

During the award ceremony, Deepak Kapoor, Director of Gulshan Homz says, “Every award speaks about some achievement. It feels great to be recognized and acknowledged at this level. Time and time again we have proven ourselves in providing the quality, design and construction. Our hard work pays off. It is our sheer honour and privilege to receive the award and special thank to Estate World for choosing us.”

ICCPL PROPERTY NEWS

SIGNATURE GLOBAL LAUNCHES SYNERA IN GURGAON

Another Step To Make Dream Home A Reality

Gurgaon: Signature Global, one of the successfully emerging real estate developers of Delhi/NCR, presents it’s another value based housing project in millennium city Gurgaon. After a grand accomplishment of “Solera” a project by ‘Signature Global’ now they have come up with their yet another affordable housing project ‘Synera’ at Sector 81, NH – 8, Gurgaon.

Understanding the value of ‘homes for all’; the project will be for middle class segment which now a day is a rare sight in Gurgaon with property prices soaring. The company feels that developing value based housing project in the heart of city like Gurgaon is a courageous approach to enter the realty market, but also creates the perfect blend of trustworthiness and accountability. Synera is located on NH – 8 in Sector 81, which is one of the Gurgaon’s most superior locations.

Signature Global’s Synera complex is a truly unmatched residential opportunity. Being developed in conjunction with the government of Haryana, this residential complex will give a new meaning to the term ‘Value Based Housing’. The apartments will be allotted by a draw of lots – making sure that as soon as they are launched, the value of the property, including the retail centre, shoots up tremendously; the company is planning to offer 1 & 2 BHK apartments with features like zero maintenance for 5 years as per HUDA affordable policy, provision for power and water back up, Community Hall and Creche in the society, exclusive children’s play area, picturesque landscaping, state of art contemporary construction & architecture and well ventilated apartments with abundant natural light.

The USP apart from being an affordable project in the region of Gurgaon; it has a direct entry from 60 metre wide sector road, it shares a wonderful location and is strategically located with Delhi being 25 mins away, 5 mins from proposed metro line and Dwarka Expressway, 2 mins from NH 8 and 20 mins from IGI Airport. The project is spread across 5 acres with 824 units in offer for public with varied sizes starting from carpet area of 301 sq. ft. onwards plus balcony(ies) for 1BHK & 498 sq.ft. plus balcony(ies) onwards for 2 BHK. The flats will be available at a cost starting from Rs. 12.36 lakhs onwards for 1BHK & Rs. 20.42 lacs onwards for 2BHK per flat depending upon the category of flat applied by the customer, and the project will be offered for possession within 4 years.

Mr. Pradeep Aggarwal, Chairman, Signature Global says, “We are happy that we kept our promise of fulfilling customer’s expectations and demands in such an expensive market to provide value based housing for home seekers. We consistently aspire to give value based offerings to our customers and our second project is in the same league. We are confident that “Synera” will also be a grand success in this segment. Our primary aim is to provide quality homes at value to money prices and we are definite to achieve the success for the hardwork and effort that we have put in”.

ICCPL PROPERTY NEWS

JM Housing organizes Blood Donation Camp

Noida: JM Housing, a major name in real estate and with multiple projects in Ghaziabad, Noida and Greater Noida West recently organized a blood donation camp in tie up with Rotary Club of Noida. The camp was held at their project site of JM Aroma in sector-75, Noida. The camp was organized on Wednesday saw huge gathering of over two hundred people with employees of JM Housing participating whole heartedly. The camp also witnessed participants of various people who were in nearby areas and came along when they saw the happenings.

JM Housing has been a frontrunner not just in delivering real estate projects but also in Corporate Social Responsibilities where they have always been participating or organizing such activities. Recently they had also conducted a ‘Warm Clothes Donation Camp’ where they collected thousands of old and worn warm clothes and distributed them among the underprivileged children and old age homes. The company has always been giving back a part of what they get from the society. Mr. Rupesh Gupta, Director, JM Housing says, “Doing such activities gives us the satisfaction of returning something back to the society which has given us so much. We have always been very excited about such activities and believe in doing these things at regular activities. We also believe in participation of the masses and hence we invite everyone we know so that more and more people participate and we help the maximum.”

JM Housing has been a renowned name in the NCR realty for delivering projects on-time and also for their quality of construction. The company is currently developing projects like JM Florence in Greater Noida West and JM Aroma in sector-75, Noida. In past they have delivered projects like JM Orchid in sector-76 and others in Ghaziabad. With Kareena Kapoor as brand ambassador the company is ready to become a brand to reckon with.

ICCPL PROPERTY NEWS

MORPHEUS GROUP DISTRIBUTES BLANKETS TO LABOUR

Noida: As the country is in the middle of the winter season; Northern India faces the hardest leash and the areas around the capital witnesses unexpected chilli days and nights. As each year passes, days are becoming cooler and breaking all previous records. We, who are sitting inside our offices and homes, are not facing such problems, but it is our duty and responsibility to think about those who work and live without any shelter.

For the same, realty major Morpheus Group has been very empathetic towards its construction workforce and recently provided 1,500 blankets for them across its 3 ongoing projects in Noida and Greater Noida. Morpheus Group has 3 ongoing residential projects; Morpheus Greens at Sector 78, Noida, Morpheus Bluebells and Morpheus Pratiksha at Greater Noida West. Mr. Prithvi Raj Kasana, MD, Morpheus Group, Ms. Pratiksha Kasana daughter of the chairman of the company and Mrs. Balbira Kasana, mother of MD of the company distributed the blankets to the labour at the 3 sites.

Mr. Prithvi Raj Kasana, MD, Morpheus Group expresses his concern and states that “This workforce is our backbone and the key to our future success. We believe that it is due to the quality and timely delivery of projects, a brand is recognized; and the entire credit goes to the people constructing it. Therefore, it is our duty to take utmost care of them especially during these hard times as their wellbeing is our responsibility. Every citizen of our country needs to be socially responsible and must also spread this message so as to help the country get a better future ahead”.

ICCPL PROPERTY NEWS

DEVELOPERS FEELING POSITIVE FOR A SUCCESSFUL 2015

After a series of ups and downs in the sector this year, the overall observation came out to be positive with the formation of the new government and its plans and executions for the sector. The first two quarters of 2014 saw a big slump with investors running the market dry and end users unable to settle in. As we reached the half way mark, the new Modi led government had stabilised and was looking promising. In the new budget, the biggest decision of ‘housing for all’ was declared, and this has been widely worked upon by the authorities and private players. The recent HUDA and DDA housing schemes were immensely welcomed by the public and it witnessed massive applications base which was the real demand for affordable housing. Supporting no less Mr. Pradeep Aggarwal, Chairman, Signature Global believes that, “The last few years were devastating for the sector as buyers were not visible at all. The real reason was the wrong demand analysis in the sector and buyers were ready to buy affordable homes and thus a prominent picture came out with these government housing schemes. Those who missed out on this opportunity created a ripple effect of demand in the regions and thus, enticing the developers to work greatly on this concept more. The demand has been now pulling back and sales are looking at an upward graph. With this, the upcoming year is looking brighter than ever and there is ample of support from the government as well”.

Apart from housing schemes, a lot of policy and structural changes are in pipeline which will benefit the economy and sector in general. The changes made for FDI in the sector; the execution of REITs, real estate bill to be active soon and other such decisions has created a solid platform for the development of the sector in the country.  Mr. Ashok Gupta, CMD, Ajnara India Ltd. says “The public and private players have done a great deal to revive this sector after a prolonged depreciation. The government had initiated several measures and eased norms for the sector as it is imperative to understand the value of these. REITs are advantageous for both; the real estate sector of India as well as investors. It helps in providing a secure, sound and good investment opportunity for the HNI investors in especially commercial properties and also offers an exit route for the developers. At the same time, relaxation of FDI norms is again a crucial step for attracting capital in the nation. The real estate bill is expected to be put on the table next year. Therefore, we have a series of plus points coming out from the last year and gearing up for the New Year as well”.

Real estate in every region is successful only when infrastructure is sound enough; and this has been greatly anticipated by our reigning Prime Minister who himself was on toes and made several foreign visits to attract FDI for infrastructure and other sectors. Mr. Arvinder Singh, MD, Agrante Realty Ltd. expresses “Seeds of yesterday are fruits for tomorrow. Infrastructure is considered to be the backbone for any region to successfully execute real estate. This year, post government formation our PM had visited several leading economies of the world and got a promise of millions and billions of dollars for the development of the nation’s infrastructure. This FDI will help the infrastructure to shape up in a better way in future and will help the market to respond better than ever. The demand will increase as standards of living will be improved and better civic services will be at public’s disposal. Thus, upcoming year has a lot to offer to the society and the nation in general”.

The sector is getting back on track as the pre/post Diwali festive season saw good amount of sales generated and with so much promise from the government’s end, the upcoming year will be full of surprises for the buyers and customers. Several developers are gearing up to launch new projects and hand over the possession as well. At the same time, the unsold inventories from this year might not see a rise in price due to easing of norms and decrease in inflation. This will add onto the demand for the sector and might help the home buyers to choose the right property at the intended price. Mr. Rupesh Gupta, Director, JM Housing says “This year several projects around the country were complete but went unsold due to steep rise in prices. With inflation coming under control and RBI easing lending options for the public, purchasing a home will not be a dream anymore. In the upcoming year this will be one of the highlights of the success of the sector as prices might not go north and will remain stable. At the same time, with overall plan for development is looking very sound the upcoming years will be highly rewarding for the sector and country”.

ICCPL PROPERTY NEWS

Antriksh Group Join Hands with Indian Medical Association

New-Delhi: For the first time in the history of Indian Medical Association (IMA), the organization has joined hands with Antriksh Group, a renowned real estate developer based out of Noida; wherein the latter will be providing exclusive residential towers for India’s top Doctors called the “Indian Medical Golf Towers” along with the prestigious “IMA House”, which will be a world class convention centre. This deal is one of its kind tie-ups in Indian Real Estate where a body like IMA with over 2lakh members has joined hands with a realty group.

Noida in last one decade has witnessed tremendous growth and with such tie-ups the growth and reputation of Noida as the next big realty destination is bound to grow manifolds. With the setting up of India’s 3rd IMA House Noida in coming times will see huge footfalls of doctors from all across the world for IMA’s National/International conferences. This IMA house will be a modern convention centre built on International Standards and will have all the luxurious amenities which can be enjoyed by the Doctors staying at the Indian Medical Golf Towers or by the invited guests of IMA.

Antriksh Group is a renowned name in the NCR region which has developed over 50 projects in last 2 decades. The company has been the frontrunner in terms of quality, delivery and professionalism. The group today has realty projects in Ghaziabad, Noida and Gurgaon. With this tie-up the group is looking forward to expand its market all across the nation. The group is a zero-debt company and has been developing projects in NCR for a long time.

Indian Medical Golf Towers is a part of Antriksh’s Golf City situated in sector-150, Noida. Gold City being primarily a low density zone has always seen demand from people looking for a better living and lifestyle. Such projects are recognized for its open green spaces and beautiful landscaping. Comparatively the houses are bigger in size and enjoy scenic view. With all these features Indian Medical Gold Towers will be a leading name in times to come.

The project is strategically located adjacent to Noida expressway in sector-150. This sector and the nearby areas have been witnessing tremendous growth in last few years. Prominent developers like ATS, ACE, Mahagun and BRYS are already developing their projects. Recently Godrej has also launched its luxurious project which is located adjacent to Indian Medical Golf Towers. This region is primarily seen as a strategically located region with luxurious projects which will have tremendous appreciation in future. Experts claim that with MNCs like KPMG, NIIT, DELL, HCL, IBM, TCS, ACCENTURE, STERIA and many more there will be a huge housing demand in next 2-3 years which might lead to a good capital gain for all the buyers in the same region.

The project boasts of 2 minutes drive from Yamuna Expressway, 10 minutes from Sector 18 Noida, 15 minutes from Formula 1 race track and 20 minutes from Delhi. The under development FNG (Faridabad-Noida-Ghaziabad) Expressway is an additional boon to the project that promises fast connectivity by a 75 meter wide road.  Under the terms of the tie-up, the project will be offering 275 units exclusively to doctors at a discount of Rs. 1,000 per sq. ft from the current market rates. It is to be noted that the current average price in the region is around Rs. 5,000 /sq. ft. and price offered exclusively for Doctors is Rs 3995/sq. ft. The size of the unit starts from 2025-2425 sq. ft. for 3 BHK + 1 servant room and 2900-3475 sq. ft. for 4BHK+ 1 servant room. The project will have all the world class amenities along with a Golf Course and Cricket Stadium in the sports city.

Rakesh Yadav, MD of Antriksh Group talking about this tie-up said, “We are pleased to inform this tie-up to everyone. We are expecting that this tie-up will bring huge demand from the Doctor’s fraternity as something as unique as this has happened for the 1st time in NCR realty where we will develop exclusive towers dedicated to India’s top doctors. We have always praised the doctors for serving the mankind; it is our turn to serve them!”

Dr. Narendra Saini, General Secretary of IMA, believes that, “This tie-up will provide us an option to create a landmark region for Doctors. With exclusive residences for Doctors being offered at a huge discount I am expecting that a lot of people from our fraternity will avail the benefits. We are also happy to announce the 3rd IMA house in Noida which will be built in the same premises. This will be a modern convention centre built at-par with International Standards and will be used for regular conferences for our members.”